Content tagged “Sales”

EBR sales tax collections fall 3% in February

Sales taxes collected in East Baton Rouge Parish totaled slightly more than $13 million in February, or about 3% less than was collected on retail and vehicle sales in February 2012, according to a new report released by the city-parish Finance Department. Excluding taxes on vehicle sales—which are considered a less reliable measure of economic conditions—collections in the city and parish were down more than 4% on the month: $12 million this year versus $12.5 million last year. Collections were down inside the city limits and outside, but less so outside the city. Inside the boundaries of Baton Rouge, combined retail and vehicle sales taxes netted slightly more than $7 million, which was a decrease of about 5% from February 2012. In the parish, combined collections totaled about $6 million, a decrease of less than 0.5% compared to collections the year previous. Year-to-date, combined collections in the city and parish are down 0.75% through the first two months of the...

B.R. gets $45M loan from DEQ for sewerage upgrades

Baton Rouge received a $45 million loan from the Louisiana Department of Environmental Quality today for sewerage work planned as part of the city-parish's $1.55 billion Sanity Sewer Overflow program. Specifically, the loan will fund the repair of leaking and broken sewer collection lines, as well as the construction of the Choctaw Sewer Collection Maintenance Facility, which will consolidate several operational facilities within the sewer system, DEQ says. The project also includes improvements at the North Wastewater Treatment Plant. The loan carries a 0.95% interest rate on a 20-year repayment term. "This low-cost loan is the result of our continuing efforts to find inexpensive financing to rehabilitate the sewer system," says Mayor Kip Holden in a press release. Like conventional bonds that are also being used for the SSO program, city officials say the loan obtained today via DEQ's Revolving Fund Loan Program will be paid back with revenues from monthly sewer fees and the...

Robinson Brothers completes renovation of Ford Lincoln dealership

The finishing touches have been made on a $2.75 million renovation of the Robinson Brothers Ford Lincoln dealership at Airline Highway and Sherwood Forest Boulevard, and a grand opening gala will be held Wednesday. The dealership did more than $100 million in sales last year. It's the second-ranked Ford dealership in the six-state Southern region, which includes more than 250 dealerships, company officials say. The grand opening event on Wednesday will take place from 6 to 8 p.m. and will include aerial silk performance artists as well as entertainment by The Oscar Rossignoli Quartet and acoustic duo Dustin and Justin. Local artist Christopher Turner will also create a live painting, which will be given away at the event. Robinson Brothers has been in operation since 1946 and was ranked No. 37 among private companies in the Capital Region in Business Report's 2012 listing of the

Jindal seeking to expand sales tax to more items

Gov. Bobby Jindal will propose to charge state sales taxes on more services and products than provided in current law, as part of his tax code rewrite. That could include items such as landscaping, marina services and cable TV, which aren't currently subject to state sales tax. As he seeks to eliminate Louisiana's personal and business income taxes, Jindal wants to increase the state's sales tax income, to help offset the loss of billions in income tax revenue. The governor's point man on the tax code rewrite is Tim Barfield. Barfield says the more items that can be swept into the existing 4% state sales tax, the smaller an overall sales tax increase would have to be to counterbalance the nearly $3 billion loss from scrapping income taxes.

Dow hits 14,000 for first time since fall 2007

The Dow stock market index flirted with the 14,000 line today, bringing reminders of the last time it hit that mark—almost a different era, before the financial crisis rocked the world economy. Propelled by reports on U.S. jobs and auto sales, the Dow Jones industrial average crossed the line and kept its ground through the early afternoon, after flitting back and forth throughout the morning. The other major stock indexes also rose. "There's a newfound enthusiasm for the equity market," says Jim Russell, regional investment director at U.S. Bank Wealth Management in Minneapolis. But market watchers are divided over what the Dow milestone—or even what a Dow all-time high, which is quickly approaching—really means. To some, it's an important booster to hearts and minds, making investors feel optimistic and thus more willing to bet on the market. "The Dow touching 14,000, it matters psychologically," argues Peter Cardillo, chief market economist at Rockwell Global...

'Business Report': Baton Rouge's 10 most expensive home sales of 2012

If 2012 was not a banner year for high-end home sales in Baton Rouge, it was the best local realtors have seen in a while. There was movement in the $2 million-plus segment of the market for the first time since 2010. Also, the last few months of the year were some of the busiest local realtors who list and sell top-dollar properties can remember in recent years. Even the traditionally slow holiday season saw a flurry of activity. On the surface, at least, it's a good sign. Experts say it suggests the economy is recovering and that 2013 will continue to show signs of improvement. "It tells me that the upper-end segment of the market is really picking up," says Quita Cutrer of Burns & Co., who handled several of the top 10 sales in Baton Rouge last year, including a $2.5 million sale in Bocage, a $2 million sale in the Country Club of Louisiana, and a $2.5 million purchase agreement in CCL that was signed in December but has not yet closed. "We haven't seen this level of activity in a...

Louisiana firms team up to develop new tool for measuring cargo

If you look at the side of any shipping vessel, you'll see markings indicating how deep it lies in the water. The process for measuring and documenting these markings, known as draft marks, has essentially remained the same since the time of the Egyptians, but a pair of Louisiana companies plans to change that this year. St. James Stevedoring has teamed up with St. James Technologies to create a high-tech sensor that measures the amount of cargo that can fit into a vessel or barge. In many industries today, getting that figure requires making calculations based on the draft marks and sending the information to an office for further measuring—a process that can take as long as two days in some cases. The sensor developed by the Louisiana companies delivers capacity reports in real time, and also provides better accuracy than the current method. It may sound like a...

Signs point to a better year for B.R. home sales

Greater Baton Rouge Association of Realtors President Pat Wattam says 2012 was a pretty good year for home sales, and 2013 is looking even better. "If we can surpass the 2012 totals this year, then we're really headed in the right direction, and I think we're going to do that," Wattam says. Home sales in the eight-parish region tracked by the Realtors association ended 2012 at just over 15% better than in 2011—7,607 compared to 6,600. She points to the steadily falling "months inventory"—the number of months it would take to sell all homes on the market at the current pace, which ended 2012 at just over seven months—as a key indicator. When the figure dips below six months, Wattam says, that indicates a turn to a buyer's market. Wattam hopes annual sales eventually surpass the pre-Katrina levels of 2004, when 8,789 homes were sold and the months inventory was at 5.2. "I always look back to 2004 and 2005 before Katrina hit, when our market was steady—nothing...

Church of Scientology buys restaurant building on Airline

The Church of Scientology Mission of Baton Rouge has purchased a vacant restaurant building at 9716 Airline Hwy. "We need bigger facilities to accommodate our activities, and we like the architecture of that building," says Dexter Manuel, a spokesman for the local church, which closed the property deal with First-Citizens Bank & Trust Co. of North Carolina on Jan. 2. The sales price was $550,000, and Michelle Ruston was the broker. Built in 1980, the 13,000-square-foot building was originally Jack Sabin's restaurant. It later became the China Garden restaurant, and has also been home to other Chinese restaurants since, Ruston says. It has been vacant for about two years. "We're intending it to look better and be more functional than it was originally," Manuel says. "It's going to retain its Southern charm, but it's going to look better." The church could take up to a year renovating the building before moving in, Manuel says. It will be double the size of the church's current...

All Star Automotive buys 3 acres to expand Denham Springs dealership

An approximately three-acre tract of land off Interstate 12 in Denham Springs has been purchased by All Star Automotive Group, which plans to use the land to expand its neighboring Dodge and Ford dealerships. "We just finished an over $1 million remodeling of the Dodge dealership; we're also going to remodel the Ford dealership, and we need additional parking for vehicle sales," says Dennis Carlin, All Star Automotive chief operating officer. Carlin says the auto group hopes to have the additional 270 spaces completed by the end of the year. The land sold for approximately $500,000, or $3.83 per square foot, according to Mark Hebert of Kurz & Hebert Commercial Real Estate, who represented the dealership in the sale. Doug Ferris of Re/Max First Commercial represented the seller, Jack Barilleau. Hebert says Barilleau had owned the land since 1978 and at one time had been asking as much as $900,000 for it. "It's been on the market for a number of years, but at a price that was too...

News roundup: American retail sales rose 0.3% in November … Google Maps app returns to iPhone three months after removal by Apple … Drivers cutting gasoline use, despite price drop

Cash registers ringing: Americans spent more online in November to start the holiday season and began to replace cars and rebuild in the Northeast after Superstorm Sandy. It all contributed to a 0.3% rise in U.S. retails sales in November compared to the month previous, the Commerce Department reports this morning. That offset a 0.3% decline in October from September. More details from the report are in the full story here.

Lipsey's readies site for new, larger B.R. headquarters

Lipsey's Inc. is preparing to break ground in early December on a new 80,000-square-foot warehouse on the corner of Reiger Road and Exchequer Boulevard that will house the offices and distribution center for the wholesale firearms distributor. Lipsey's purchased the 5.5-acre lot—the last vacant parcel along the industrial strip—from the Casemore family in July. If all goes according to schedule, the company will move its headquarters, currently located about 200 yards away on Exchequer, to the new site in December 2013. "We have grown so extensively in the past few years, we have just run out of space," says Lipsey's founder and CEO Richard Lipsey. "We have no place to put our merchandise." The expansion will give Lipsey's more than twice as much space as it currently has; the company's existing headquarters is located in a 30,000-square-foot warehouse. "We are just packed in here," says Lipsey, who notes sales this year are up 30% over 2011. —Stephanie...

Car auctioneer says it will employ 100 at BTR by end of 2013

By January, the Baton Rouge Metro Airport could begin flying dozens of car salesmen in and out of the city on a weekly basis. That's when ABC Baton Rouge plans to open the bidding process at used-car auctions in the Aviation Business Park at BRT. The car auctions could initially move up to 600 cars a week to dealerships in the Gulf Coast region, with a projected start in mid-January, says ABC Baton Rouge managing partner Butch Royall, who estimates the Capital Region could see as many as 35,000 cars auctioned off by the end of next year. "We can't believe this city does not have an auction," says Royall, who has spent 48 years in the business, mainly for ABC's nationwide parent company, Auction Broadcasting Co. "Somehow the industry hadn't noticed Baton Rouge. It's sort of a long, overdue process." The Baton Rouge Metro Airport is clearing 20 acres of woods on the north end of the airport to make way for a $2 million, climate-controlled warehouse for ABC Baton Rouge. "It's part of...

Gerry Lane partners with Payless to open used-car lots in B.R.

Gerry Lane Enterprises announced this morning that it has signed franchise agreements with Payless Car Sales to open a pair of used-car lots in Baton Rouge. The lots will be located at 11025 Reiger Road and 4960 Florida Blvd. It will be Payless' first foray into Louisiana, according to the company's website. Headquartered in St. Petersburg, Fla., Payless is a wholly owned subsidiary of Avalon Global Group, with dealerships in four states. “Payless is a natural fit for us,” says Gerry Lane Vice President Eric Lane. “We chose very carefully when it comes to associating the Gerry Lane name with a franchise, and Payless was able to meet or exceed all of our criteria.” Lane says the two used-car lots will open “as soon as possible.” The Payless franchises will compliment Gerry Lane's lineup of dealerships in the Baton Rouge area, which includes Chevrolet, Buick, GMC, Cadillac, Saab and Mitsubishi.

Handbags, smoothies and an oil change

When Price LeBlanc Toyota built its new car dealership five years ago, the No. 1 Toyota dealer in Louisiana extended customer service beyond “country sausage too!” with a low-fat smoothie shop and a gift store stocked with reading glasses and handbags.

Louisianans might see prices rise due to agreement between retailers, credit card companies

A recent agreement struck between retailers and credit card companies means retailers can begin passing along some extra fees for processing credit card transactions to consumers. And because Louisiana is not among 10 states that have laws barring such kind of surcharges, consumers in Baton Rouge and throughout the state may begin to see the fees appear on their receipts. "What consumers might see is certain businesses, probably the smaller ones, asking them to pay an additional fee when using a credit card, or offering them a discount to pay in cash," says Linda Sherry, spokeswoman for Consumer Action, a national nonprofit consumer advocacy organization. "We think it's pretty ugly for consumers." Some say passing along the charge to consumers is a fair move, as retailers have long built the fees they pay to credit card companies into the average prices of goods—meaning those who traditionally pay in cash are also paying for the choice not to use credit. The agreement reached...

Designer furniture deals

Be sure to visit Rogers & McDaniel during its storewide summer sale, which takes place through tomorrow. Everything is up for grabs, with the entire store marked down 25% to 70%. The Rogers & McDaniel showroom is currently stocked with furniture, lighting and accessories by fine designers such as Mitchell Gold + Bob Williams, Cisco Brothers, Hickory Chair and Wesley Hall. In addition, the store also carries select items imported directly from France, England and Italy. Whether your abode could use a full revamp or just a few standout pieces, don't miss this sale.

Retro sale at Time Warp

Tomorrow and Saturday, get your hands on one-of-a-kind vintage wear during Time Warp's Super Summer Sale! From 10 a.m. until 6 p.m. each day, the Government Street store will offer markdowns of up to 70% on the entire stock. In addition, the boutique is holding a sidewalk sale full of clearance items, all for $10 and under. Floral-print skirts and dresses, leather handbags, menswear and rare jewelry are just a few of the vintage delights you'll find. For a preview, take a look at Time Warp's Facebook page.