As I see it, the need for large store platforms is diminishing, for a while at least. The retail community is starting to think outside the box. When the economy was booming and credit was easy to obtain, consumers were buying goods at a record pace. Retailers began building bigger and bigger box stores to …
Many of today’s great U.S. companies were founded at the height of the Great Depression. Charles and Joseph Revlon introduced a new opaque nail polish. College classmates Bill Hewlett and Dave Packard started an electronics firm that became technology giant HP. Texas Instruments, Tyson Foods, Ethan Allen and Polaroid all began in the 30s as …
In this economy, there are advantages to being moderate in size. Our company is not one of the 50 largest construction companies in the country. We do not have the same resources that our larger competitors maintain. But we are nimble. Being “right sized” in any field can be a real plus. It’s easier for …
The short answer: To me, nobody knows. If we compare the normal demand for commercial projects in the United States to our current climate, the market is down 30-50 percent. The laws of supply and demand tell us commodities prices should decrease in order to level things out. The opposite is happening. On average, we …
This week I attended the national convention of the International Council of Shopping Centers, a member-driven organization for the retail industry. This year there were about 25,000 attendees. I felt the mood of the conference was positive optimism with a sense of getting down to business. Here’s what I’m taking with me: Landlords and retailers …
I was listening to NPR recently and they were discussing how the Recession isn’t the only culprit behind recent job loss. Throughout modern society, the ability to work in certain fields has ebbed and flowed based upon changes in culture and advances in technology. The example they gave was from the 1920s. Before motion pictures …
I was recently reading Institutional Investor, a magazine that provides financial commentary and survey results directly impacting investment decisions. They’ve just announced their “All-American Executive Team” award winners for multiple corporate titles. This is a composite from a survey of 570 sell-side analysts at more than 100 securities firms and 780 buy-side investment professionals at …
Last month, with little time to spare, the Senate reconfirmed Ben Bernanke as Chairman of the U.S. Federal Reserve. His term was set to expire just two days later. Senators were looking for a place to lay blame for our country’s current financial dilemma. Bernanke took much of their heat, even though they really wanted …
You’ve heard the Three Musketeers shout it as a show of selflessness and solidarity. It’s the national motto of Switzerland. I’m proud to say it’s also a mantra of the Stewart Perry team. When the economic downturn started affecting commercial construction, our CFO Del Allen and I were forced to take a hard look at …
I never get through all of the newspapers I wish to read each day. I bring them home and they stack up on my kitchen counter waiting to share their knowledge with me. At the first of last year, not seeing all the news and forecasts might have been good for my morale. With so …
Last week we received a plaque from The Heart of America Foundation for the improvements we provided an inner city Atlanta elementary school. It’s a beautiful memento covered with pictures of students enjoying their new space. As I looked at all the smiling faces, it reminded me why we made the commitment last June. Jim …
As 2009 comes to a close, I have thought about what I could have done better, the mistakes I made, and the wins we achieved. To me, we always learn more from our failures than from our wins. Winning makes us think we are smarter than we might really be. Never confuse success with a …