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Business

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Friday, July 30, 2010

Comings and Goings: AAA Leaving Saugatuck After 20 Years

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The AAA Travel office, located in the strip of stores at 20 Saugatuck Ave. in Westport’s Saugatuck area for the past 20 years, is closing its office at the end of the business day today. It is not leaving Westport, however. See below for its new home. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 12:27 PM
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Comings and Goings: AAA Travel Office to Post Road East

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The Westport AAA Travel office is relocating from 20 Saugatuck Ave. to its new office at 419 Post Road East in the Compo Shopping Center. The new office opens on Monday. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 12:25 PM
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Thursday, July 29, 2010

Comings and Goings: Fleece Opens on Main Street

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Brooks Brothers new children’s store Fleece officially opened at 10 a.m. today at 136 Main St., next to the traditional Brooks Brothers store. The Westport store marks the 192-year-old retailer’s first foray into girl’s apparel. While boys’ is not a new category for Brooks Brothers, the Fleece collection represents a new direction and focus by the retailer, which includes not only tailored clothing but a new emphasis on sportswear. The Fleece shop is accessible through its front door entrance as well as through a passageway between it and the adjacent Brooks store. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 11:48 AM
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Wednesday, July 28, 2010

Brooks Brothers Fleece Children’s Store Opens Thursday

Just in time for back to school shopping, Brooks Brothers announced today it will debut its highly anticipated children’s line in the company’s first freestanding Brooks Brothers Fleece for Boys and Girls store in Westport on Thursday. WestportNow.com Image

The new children’s store is located at 136 Main St. in space formerly occupied by Crabtree & Evelyn in the Brooks Corner shopping complex and next door to the longtime Brooks Brothers traditional store.

The store will feature more than 700 square feet of sportswear created by Brooks Brothers’ guest designer Nikki Kule.

The new location will also mark the introduction of Brooks Brother’s first ever girl’s collection of sportswear, party dresses, blazers and accessories all bearing a whimsical version of the brand’s iconic signature sheep label, an announcement said.

More "Brooks Brothers Fleece Children’s Store Opens Thursday"

Posted 01:29 PM
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Tuesday, July 20, 2010

Comings and Goings: Brooks Bros. Opening Children’s Store

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Brooks Brothers is opening a standalone children’s store callled Fleece at 136 Main St., just a couple of doors down from its longtime clothing store. The Fleece line for girls and boys will be featured in about 15 Brooks stores, according to its Web site. Workers said Fleece will open in about two weeks. An industry trade journal reported the children’s standalone stores are being tried out in Westport and Kansas City. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 07:45 PM
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Monday, July 19, 2010

Westport Technology Startup Nets $500,000 State Grant

By James Lomuscio

Even in a down economy, innovative, entrepreneurial startups can take off. Such is the case with Weston Software, Inc. located at 728 Post Road East in Westport.WestportNow.com Image
In the Money: John Babyak (l) and Hank Voight of Weston Software. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Today the company, which moved to Westport six weeks ago from Southport, received a $500,000 grant from Connecticut Innovations (CI), the state’s quasi-public authority overseeing technology development and innovation.

The money, granted through CI’s Seed Investment Fund, is for Weston Software’s Power One, a technology platform that the Connecticut Technology Council last year voted “the most promising software of the year.”

Gov.  Jodi M. Rell, in making the announcement, said she hoped the grant would help to grow technology jobs “in Westport and throughout Connecticut.”

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Posted 06:38 PM
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Friday, July 16, 2010

Westport Unemployment Rate 5.9 Percent in June

Westport’s unemployment rate in June fell to 5.9 percent from 6.3 percent in May, the Connecticut Department of Labor said today.

The 6.3 percent May rate was the highest since January when it was 6.6 percent.

The Department of Labor said the June labor force in Westport numbered 12,917 persons with 12,154 employed, a high for the year.

It said the number of unemployed in June was 763, down from 806 in May.

Posted 04:53 PM
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Thursday, July 15, 2010

Minuteman Switches Its Look

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Minuteman switches from tabloid to broadsheet. WestportNow.com photo
At a time when most newspapers are downsizing, the Westport Minuteman, owned by New Jersey-based Journal Register Company, is expanding, at least in size anyway.

The weekly newspaper, founded in 1993 by a group of Westport investors, has been a tabloid from its inception. The new format, known as “broadsheet” in the newspaper industry, allows for more and longer news stories, larger photographs, and bigger ads.

It now has the format of rival twice-weekly Hearst Corporation-owned Westport News, which also began 40 years ago as a tabloid.

“We definitely believe our new larger format will be a big plus,” said Westport Minuteman Editor Tom Henry in today’s ediiton.

More "Minuteman Switches Its Look"

Posted 01:58 PM
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Monday, July 12, 2010

Comings and Goings: Beadwave Jewelery Closes

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Beadwave Jewelry & Supplies at 179a Main St. behind Talbot’s has closed and announced plans to reopen its business in Arizona in the fall. Owner Pam Morris sent a message to customers advising them of the move and inviting them to keep in touch through a Web site. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 03:29 PM
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Friday, July 09, 2010

Bridgewater, Town’s Largest Employer, Could Be Leaving

Westport’s largest employer, Bridgewater Associates, might be leaving town for Stamford, according to reports from Business Insider and Westfair Online.

With about 900 employees, the hedge fund operates out of sprawling headquarters at One Glendinning Place, as welll as other offices on Riverside Avenue and the Nyala Farms complex.

Its decision to move “could be the most significant in the commercial real estate market in the second half,” said Westfair, citing real estate brokers. 

It would also have an effect on local tax revenues as Bridgewater pays $236,000 annually in personal property taxes, according to the Tax Assessor’s office.

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Posted 09:26 PM
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Friday, July 02, 2010

Comings and Goings: Dress Code to Debut on Post Road East

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A new retail women’s apparel shop, Dress Code, will open Thursday at 578 Post Road East in the location formerly occupied by Princess Jewelers. Owner Mary Perkins, a Queens native and now an East Norwalk resident, previously lived in Westport for 13 years. Prior to Dress Code, Perkins operated a home decorating business in Fairfield from 1997 to 2007.  “I will now offer beautiful clothes consistent with my background in beautiful decor,” she said. “The shop specializes in dresses, tops and skirts.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 12:57 PM
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Thursday, July 01, 2010

Comings and Goings: Coppola Salon Moving to Post Road East

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After 13 years in its current location at 20 Wilton Road on the west bank of the Saugatuck River in Westport’s center, the Peter Coppola Salon is moving to 616 Post Road East in the strip of stores that includes the Bombay Restaurant. Owned by Newtown resident Vincent Palumbo, Peter Coppola Salon will reopen there in September and not lose a day because the move will take place on a weekend. Marcy Wright, Coppola’s general manager, said the business is moving because the current site—part of the Inn at National Hall complex—has been sold and is being converted into an all-office complex. “We’re so thrilled to be moving to space on Post Road where we’ll be closer to the center of town with lots of foot and vehicle traffic—so many more people who did not know us will begin to see us,” she said. “It will be amazing and beautiful.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 06:16 PM
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Wednesday, June 30, 2010

Westporter Says He Could Have Saved $$$ on AIG Bailout

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Joseph J. Cassano, the Westporter who was chief executive of the American International Group unit that insured mortgage-related securities with calamitous results, testified in Washington today that he could have saved taxpayers billions of dollars if he had stayed at the company to negotiate with banks that were demanding more collateral as the insurer hit trouble. Cassano, who learned last month that federal prosecutors would not bring charges against him (See WestportNow May 23, 2010), spoke in public for the first time about his role at AIG before the Financial Crisis Inquiry Commission, which is studying the causes of the financial crisis. Cassano left AIG in February 2008 over disagreements with the company’s auditors about how to value portions of his unit’s investments. He earned nearly $300 million from the firm. (CLICK TO ENLARGE) WestportNow photo from CNBC.

Posted 04:00 PM
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Monday, June 28, 2010

Comings and Goings: Christie’s Removes Gas Pumps

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No more fueling up at Westport’s Christie’s Country Store at 161 Cross Highway. Jon DiGuiseppi, service advisor, said they stopped pumping gas last September and then recently removed the pumps (inset) and underground tanks. “We’re in the part of town that doesn’t have high traffic volume and our underground tanks were aging,” said DiGuiseppi. He said the replacement of the tanks would be a large investment “so we felt it was time to get rid of them.” But there is a positive side, he said. “We now have more parking and can accommodate more customers.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 05:11 PM
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Thursday, June 24, 2010

Comings and Goings: Formal Opening of 4 @ 1

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The formal opening of the retailer 4 @ 1 was celebrated today with a ribbon–cutting ceremony at 141 Post Road East, opposite the downtown post office.  Westport First Selectman Gordon F. Joseloff (l) and Lisa Thygerson (r), president of the Westport Weston Chamber of Commerce, joined the co-owners Seham Ibrahim and husband Akram Enany. The shop occupies the same location as a former retailer called “& Company” which was managed by Enany who describes the new store as one that specializes in “high end apparel for men, women and children as well as household accessories such as towels and linens.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 11:38 AM
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