Displaying items by tag: Crain's Business

Kevin Kleps from Crain's Cleveland Business spoke with Sam and Brad Tuesday to talk about the mult-million dollar renovations at the Quicken Loans Arena being taken off the table.

 

The news has come out that there will be $140 million worth of improvements made to Quicken Loans Arena in 2017, and fans will get a world-class experience whether they come for a Cavs game or any other event.

Sports business reporter Kevin Kleps from Crain's joined Sam Bourquin Wednesday to talk about what the $140 million dollar price tag entails and what it means for the downtown area.

 

For the full interview, click here.

 

Archie the Snowman still stands tall in the Chapel Hill food court, but the mall is melting around him.

Last week, Macy's announced it would close its Chapel Hill location after nearly five decades in business under several now-extinct nameplates. Reports then emerged Friday that Old Navy, Aeropostale, and Express would also be shuttered over the next few weeks.

Sue Walton of Crain's Akron Business believes the future is bleak for Chapel Hill. Anchor stores such as Macy's serve as the big draw for malls, Walton says, and Sears and JCPenney tend to be lesser draws than Macy's. Walton also believes online shopping and low-price stores such as TJ Maxx have hurt business at malls nationwide.

While another Akron-area mall appears to be headed for decline, a retail trend that has yet to rise in Akron is the lifestyle center, which incorporates retail with residences and office space. Walton says centers like Crocker Park and Legacy Village represent shoppers' desire for a destination experience that is new and fresh.

Since 1999, the Cleveland Browns haven't exactly played up to snuff by NFL standards. Since their return, the team averages a 5-11 record each year, and each loss brings more boisterous criticism.

Politicians and citizens fought tooth and nail to bring the Browns back, but was it all worth it? That's the question Kevin Kleps from Crain's Business asked. Kevin interviewed politicians and front office members about their efforts in bringing the team back, and he discussed his experiences on the Ray Horner Morning Show.