September 28, 2012 in Business

Cabela’s says it will open store in Kalispell next fall

From Wire Reports
 

KALISPELL – Outdoors clothing and equipment store Cabela’s Inc. has announced plans to open a retail store in Kalispell next fall.

Construction on the 42,000-square-foot Cabela’s Outpost Store is scheduled to begin next spring, and the company expects to open the store next fall. Cabela’s also has a store in Billings.

Cabela’s CEO Tommy Millner said people in the Kalispell area have a passion for outdoor recreation.

The Flathead Beacon reported the store will be built along U.S. 93 on the northern edge of Kalispell. It is expected to employ about 75 full-time, part-time and seasonal employees.

Cabela’s sells hunting, fishing, camping and other related outdoor merchandise.

Zeebox to get Comcast backing

LOS ANGELES – Comcast Corp. and its NBCUniversal subsidiary are taking a stake in zeebox, the maker of a so-called “second screen” app that people can fiddle with on mobile devices while they watch TV.

The cable giant isn’t saying how much it’s putting into the company, but executives said that starting next month it will start advertising how zeebox will be integrated into its shows.

The app gives users information about people and products that appear in shows, allows users to see what their Facebook friends are watching and points users to iTunes so they can buy songs that come up during singing shows such as NBC’s “The Voice.”

The idea is that if viewers are more engaged with shows, they’ll keep coming back for more. The second screen also gives TV networks another opportunity to raise advertising revenue.

“What the industry really needs is a nationwide platform,” said Sam Schwartz, president of Comcast’s converged products division.

Flight attendants reject proposal

CHARLOTTE, N.C. – US Airways flight attendants have voted to reject a proposed contract by a narrow margin, the airline said Thursday.

Flight attendants voted 51 percent against the proposed contract, with about 85 percent of union members voting.

It was the second time this year the flight attendants have rejected a contract with the airline. US Airways had expected an earlier offer to pass, but flight attendants voted to reject it in March.

The contract would have been the flight attendants’ first unified agreement since US Airways and America West merged in 2005. US Airways and America West pilots and flight attendants still work under separate contracts and have been unable to reach joint agreements.

The March deal contained raises for flight attendants, but in the end it didn’t go far enough, the Association of Professional Flight Attendants said. Flight attendants voted it down, with 75 percent opposed.

The second joint contract, tentatively agreed to in August, contained further raises, and union leaders threw their support behind ratification.

The Tempe, Ariz.-based airline employs 6,800 flight attendants who are based in Charlotte, Phoenix, Philadelphia and Washington, D.C.

“We are disappointed that our flight attendants chose to vote against ratification of a new contract,” US Airways CEO Doug Parker said in a statement.

Nike’s 1Q net income down 12%

NEW YORK – Nike said Thursday its fiscal first-quarter net income fell 12 percent as the boost from higher sales was offset by increased costs and ad spending. At the same time, the company is facing a slowdown of future orders of its products, particularly in China.

The world’s largest athletic shoe and clothing company’s results beat expectations, but shares fell 3 percent in aftermarket trading as investors worried about a slower pace of futures orders, which are orders from retailers of products that are scheduled for delivery between September 2012 and January 2013.

Futures orders rose 6 percent during the quarter, down from a 16 percent increase in the same quarter last year. The decline was more dramatic in China, where futures orders fell 5 percent, compared with a 27 percent increase a year ago.

CEO Mark Parker said in a call with analysts that the decline in orders was partially due to the company’s efforts to clear excess inventory in the region and retool its offerings there to adapt to the changing tastes of the Chinese consumer.

Nike executives said they are working to come up with fits that are more tailored to the Chinese consumer, a better balance of casual sportswear and more expensive technical performance gear. It is also working with retailers to improve its distribution in China.

“China defies predictions or timetables,” Parker said in a call with analysts. “But what is certain is that China offers more opportunity for Nike today than it ever has, and I’m completely committed to extending our leadership position there.”

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