Tag Archives: business journalism

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Why would these two St. Petersburg entrepreneurs want to open a used bookstore in the Internet age?

By Justine Griffin, Tampa Bay Times, Feb. 17, 2017

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ST. PETERSBURG —The age of Amazon and online shopping has left a litany of retail casualties in its wake.

Bookstores in particular have been hit hard by online marketplaces where shoppers can virtually find any book they want and have it shipped to their home with just a few clicks of the mouse.

But that doesn’t deter Tim Russell and Bobby Hauske, who are about to open a used bookstore in Tyrone Square Mall next month.

“We have to live in Amazon’s world,” said Russell, a Florida native and businessman. “They’re putting their competitors out of business so they can open up their own bookstores now.”

Like online bookstore kingpin Amazon, Russell and Hauske are reversing the pattern of most businesses, starting with a thriving online-only business that leads to a brick-and-mortars operation.

The two plan to open 321 Books inside the former Gap store at the mall in St. Petersburg the first week of March. They will stock the shelves they bought from the recently closed Sears department store at Tyrone with 100,000 used books. Hardcover books will sell for $3. Soft covers are $2. Everything else, like CDs, DVDs and audio books, will be priced at $1 each.

Rent isn’t cheap and the price point of their product is low. It might sound like a risky business. But Russell and Hauske are confident given the success they’ve already had selling thousands of used books online.

Read more here. 

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Tampa Bay Times: Tampa International Airport is willing to spend money to make money on international flights

By Justine Griffin for the Tampa Bay Times. October 14, 2016

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Orlando International Airport hasn’t ever had trouble recruiting new flights.

Airliners have been lining up for years to link new cities from around the globe to Disney World, Universal Studios and Central Florida’s other tourism attractions.

But last year, the Orlando airport introduced a financial incentive program meant to help lure new airline business.

The program mimicked what Tampa International Airport instituted more than five years ago, which has helped bring high-profile international flights like nonstop service to Frankfurt, Germany, on Lufthansa and service to Panama City, Panama, on Copa Airlines, to Tampa Bay.

The new incentive program in Orlando ultimately helped the airport draw a nonstop flight to Dubai on international airliner Emirates.

Tampa’s entry into the world of airline incentives didn’t come without controversy: Airport CEO Joe Lopano drew public criticism when he asked for permission to throw money at airlines after he arrived in Tampa in 2011. He eventually got the go-ahead, but it was new terrain for the airport.

Read more in the Tampa Bay Times here.

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Tampa Bay Times: Walmart stores around Tampa Bay found selling expired products, including baby food

By Justine Griffin for the Tampa Bay Times.

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First came the irritation when Deneen Wyman discovered she had bought expired baby formula at an area Walmart store on Sunday. Then came the added insult when she sought a refund and was sold yet another baby formula that had been outdated since May.

It wasn’t an isolated incident.

Read more in the Tampa Bay Times here.

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And the follow up story: 

Shoppers in St. Petersburg took to Facebook to express their outrage over finding expired baby formula and other goods at a local Walmart three weeks ago. The post quickly went viral.

The Tampa Bay Times wrote a front page story about it and a local television station covered it.

At the time, Walmart said employees were working fast to fix the problem. They pledged to do better.

For the next three weeks, Tampa Bay Times reporters browsed the aisles of Walmart stores around Tampa Bay looking for more expired goods. We continued to find expired baby formula, sour cream, baby food, supplements and prenatal vitamins at Walmart Supercenters and Walmart Neighborhood Market stores in Hillsborough and Pinellas counties despite the media coverage that revealed the problem at local stores. Dozens of Times readers also wrote and called in with stories and photos about buying expired goods from Walmart stores in Brandon, Brooksville, Wimauma, Clearwater, Ruskin, Sebring and elsewhere.

Read more in the Tampa Bay Times here.

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Tampa Bay Times: How do you transform a downtown like Tampa’s that has such little history?

By Justine Griffin for the Tampa Bay Times. Sept. 23, 2016.

It’s one thing to decide which building goes where when mapping out a new $3 billion district for downtown Tampa. But it’s another challenge entirely to create a sense of place and identity that has been lacking in downtown Tampa for decades when there isn’t much history in that part of town.

hat’s the problem facing James Nozar, the man in charge of Strategic Property Partners’ plan to build a new 53-acre urban core for Tampa from the ground up. As the chief executive of SPP, the real estate firm owned by Tampa Bay Lightning owner Jeff Vinik and Bill Gates’ Cascade Investment, he’s working with 17 architects, planners and designers to create a unifying theme across the entire district as they build it block by block.

“There’s not a neighborhood or great historic presence to look back to. That’s our biggest challenge,” Nozar said about the greater downtown Tampa area. “So we’ve had to use the unique Tampa climate to influence the sense of place we’re trying to create.”

Read more in the Tampa Bay Times here.

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Tampa Bay Times: When is the next recession going to hit Tampa Bay? Maybe sooner than you think

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Another recession is coming, Tampa Bay.

The main questions are: When will it arrive and how severe will it be?

A team of Tampa Bay Times business reporters have talked to dozens of business owners, Realtors, bankers, economists, tourism leaders, retailers and others to gauge the arrival of the next recession. We put together a special section on the topic.

Here are links to the stories I contributed.

A recession could be a bloodbath for restaurants in Tampa Bay 

After the last recession, it took a while before people in Tampa Bay started splurging again on dining out.

Eventually they did. And as the economy recovered, new restaurants began to sprout all over the area, turning Tampa Bay into an exciting new foodie destination.

But a number of those restaurants might not be here for the long haul.

Some analysts say the next restaurant recession is on the horizon. There are too many restaurants to choose from and communities can’t support every new corner cafe and bistro popping up in hot neighborhoods around downtown St. Pete or South Tampa.

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Tourism continues to thrive in Tampa Bay despite Zika and Brexit, but is it recession proof? 

When gas prices go up and wages go down, one of the first things consumers slash from their budgets is a vacation.

But with thousands of new hotel rooms coming online and existing room rates continuing to climb, local tourism boosters in Tampa Bay don’t see any signs of an economic recession in sight.

Pinellas and Hillsborough counties have reported record-shattering bed tax collections for years since the Great Recession and rates are only just starting to reach the peak pre-recession levels seen in 2006 and 2007. Both counties have regularly outpaced the state in tourism growth. And with more than 2,000 new hotel rooms set to open in the next few years, tourism officials don’t see a slowdown in their forecast any time soon, even with some hiccups like Zika and Brexit along the way.