Retail sales during November and December totaled just under $692 billion, a year-over-year increase of 5.5 percent, according to the National Retail Federation in Washington, D.C. Higher wages, stronger employment and more consumer confidence prompted shoppers to spend more during the 2016 holiday season than they were expected to spend, …
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Stater Bros. Markets has announced several changes to its leadership team. Dan Meyer, a 46-year employee of the company, has been named executive vice president of distribution, according to a statement. Meyer will replace George Frahm, who was recently named company president. Meyer will oversee Stater Bros,’ entire distribution operation, …
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All signs point to more home building and sales this year. How much the recently passed GOP tax reform package will help remains to be seen. Will 2018 be the year enough houses are built in the Inland Empire to keep up with demand? Probably not, but 2017 was a …
Read More »A Fontana retail property occupied by a drive-thru Starbucks Coffee has been sold. The 2,500-acre site at 17142 Slover Ave. sold for $3.1 million, according to a statement released by Faris Lee Investments, which negotiated the sale. The seller was Puente Hills Power Center LLC, a private investment group. The …
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George Frahm has been named president of Stater Bros. Markets. Frahm, who began working for Stater Bros. 45 years ago as a clerk’s helper and janitor, will assume his new responsibilities Monday, according to a statement released by the company. He will report to Stater Bros.’ Chief Executive Officer Pete …
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Gerry Bomotti has been named UC Riverside’s chief financial officer and vice chancellor for planning and budget. Bomotti, who has spent more than 30 years in senior executive roles at U.S. public universities, is scheduled to begin his new job Feb. 1, according to a statement on the school’s website. …
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IE Business Daily Business news for the Inland Empire.
