Posts Tagged ‘Business’

Mark Bisnow, of Bisnow Fame, Steps Down as CEO

What does a media company do when the guy that it's named after isn't running the show anymore? The business newsletter writers/event organizers at Washington's Bisnow are about to find out, with CEO and co-founder Mark Bisnow announcing in an email to employees today that he's stepping down from the top spot.
"I will be assuming [...]

Chinatown Walgreens to Be So Next Level

Throw your boring CVS in the trash. Throw the District's four Walgreens in the trash, too! You won't need them anymore, because the new Walgreens in Chinatown isn't a pharmacy, it's a lifestyle.
"This amazing three story store is unlike anything seen in the city," reads a breathless invitation to tour the store. So what does [...]

LivingSocial Lost $650 Million in 2012

Looks like jobs weren't the only things being lost at LivingSocial in 2012. According to new SEC filings from investor Amazon.com, the D.C.-based deals company took a net loss of $650 million in 2012, even as its revenue doubled.
LivingSocial took in $536 million in revenue last year, compared to $862 million in operating expenses—a $326 [...]

Totebags for Everybody! NPR Plans Warehouse Sale

Big news, public radio fans: Now's your chance to get National Public Radio schwag on the cheap. NPR is planning to offload merchandise at fire-sale prices at its D.C. headquarters for next month.
"It's insane how much stuff we have," says Renee Kelly, an NPR spokeswoman. The NPR schwag, which includes everything on the network's NPR [...]

Laid-Off LivingSocial Employees Will Know by Today, CEO Says

LivingSocial CEO Tim O'Shaughnessy announced wide-ranging layoffs in an email to the company's employees today, confirming reports that the daily deals giant was planning to cut its staff.
In his email, which is in full below, O'Shaughnessy describes the cuts as the result of a "top-to-bottom" review of the company to prepare its finances for 2013. [...]

Pot Shop 101: How Much to Start Up a D.C. Marijuana Dispensary?

Rabbi Jeffrey Kahn and wife Stephanie Kahn have a simple plan for bankrolling their controversial proposed medical-marijuana facility on Blair Road NW. "We plan on financing this from our personal life savings," he says.
How much are we talking? Well, that's a bit, um, hazy at the moment.
The biggest expense will likely be the price of the herbal remedy itself, [...]

Chamber of Commerce Endorses Jeff Smith for Ward One Council Seat

In a somewhat surprising move, the D.C. Chamber of Commerce has not endorsed incumbent Ward One Councilmember Jim Graham for re-election. Instead, the business folks have thrown their weight behind challenger Jeff Smith.
Graham campaign poo-bah Chuck Thies had this reaction via e-mail:
"Not surprising at all. What has the Chamber of Commerce ever done for Ward [...]

Shovel Patrol: Robert Allbritton

Washington City Paper embarked yesterday afternoon upon an SUV-assisted inspection of various notable persons' sidewalks. Did they comply with their civic duty to clear walkways for pedestrians within eight daylight hours after the snowfall ended?

Robert L. Allbritton
Position: chairman and CEO, Allbritton Communications Inc.
Address: 3124 Q St. NW (Georgetown)

Jack Evans Saves the Black Rooster

As DCist has already noted, the Black Rooster has been revived, Lazarus-like, from the dead.
Playing Jesus in this scenario, says owner Jody Taylor, would be Ward 2 Councilmember Jack Evans.
"The Black Rooster will crow again," Taylor says. Asked what happened to prompt the reversal of fortune for what had been slated to become a General [...]

VIDEO: Is Cleveland Park Dead?

Cleveland Park is starting to look like an old steel town. Last week, Starbucks and 7-Eleven closed, adding to a growing list of shuttered shops: a Blockbuster, a Magruder's, a Cold Stone Creamery, etc. WUSA's Bruce Johnson examined the corpse last week wondering why such an elite 'hood had fallen on hard times. Councilmember Mary [...]

No Apple Store for D.C. Anytime Soon

Attention local urban sophisticates! You will not be able to visit an Apple Store in the District of Columbia anytime soon!
That scoop comes courtesy of the underappreciated, under-Webbed Current newspapers, which explained in last week's editions [PDF, see pp. 1 and 19] that plans for the District's first Apple Store are held up in a [...]

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