Economy Archives

Macerich upgrading Arrowhead Towne Center

Arrowhead Towne Center Project Rendering (2)

Macerich today announced details of key updates planned for Arrowhead Towne Center, its dominant West Valley retail property that also will welcome a new, 25,000-square-foot H&M. Up-to-the-moment, technology-focused new amenities are a major focus of the interior and exterior renovation at Arrowhead Towne Center that starts this spring and will be complete by late 2015.… Read More →

Scottsdale’s Airware Labs expands sales into India

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Scottsdale-based Airware Labs Corporation announced 37 Apollo Hospitals and 250 Apollo pharmacy retail outlets across India will now sell Airware Labs’ innovative AIR™ ALLERGY product. Apollo Pharmacy is the largest retail pharmacy chain in India. Apollo Hospitals, based in Chennai, India, encompass over 10,000 beds across the country. A number of Apollo Hospitals have been among the… Read More →

JDA Software ‘writes the book’ on supply chain

Supply

JDA Software Group, Inc., has developed an entertaining, and informative new e-book that offers a unique perspective on today’s most pressing supply chain challenges and opportunities. For a limited time, the digital version of JDA’s “Supply Chain For Dummies®” is available as a free download here. Authored by JDA experts Razat Gaurav, Prashant Bhati and Madhav… Read More →

10 ways Ducey, Legislature helped Arizona businesses

Mayor Elaine Scruggs

Governor Doug Ducey promised an administration that would move at the speed of business. His first legislative session proved true to his word. The session was lightning-quick at 81 days, the fastest since 1968. Together the governor and Legislature passed into law over 300 bills, many of which will significantly enhance Arizona’s business environment, making our… Read More →

Analysis shows costs of wage gap for Arizona women

Green Job Opportunities for Women

An analysis released for Equal Pay Day shows just how much damage the gender-based wage gap is doing to Arizona’s families and economy. Women employed full time in Arizona are paid just 84 cents for every dollar paid to men, amounting to a yearly gap of $7,263. This means that, collectively, Arizona women lose nearly $6 billion… Read More →

Plexus Worldwide ranked among top direct-selling firms

The 2015 DSN Awards Ceremony in Dallas, Texas.

Scottsdale-based Plexus Worldwide, a leading direct-marketing weight-loss and health-supplement seller that was recently named No. 8 on the 2014 Inc. 5000 list of fastest growing companies, announced it was named No. 30 on the Direct Selling News (DSN) List of Top 50 Revenue-Generating Companies in Direct Selling within the United States, and No. 56 on its Global 100… Read More →

Shea Homes reports increase in new home sales

homes

New home sales are on the rise. During the first three months of this year, Shea Homes reports sales of 151 new homes, compared with 58 new homes sold during the same time period last year, a 160 percent increase. “We’re extremely pleased with the surge in new home sales,” said Ken Peterson, VP of… Read More →

Arizona exports top $21 billion in 2014

manufacturing

WASHINGTON – Arizona businesses raked in $21.1 billion from exports last year – money that supported 93,354 jobs in the state, according to a report released Thursday by the Obama administration. The report from the U.S. Trade Representative and the Department of Commerce said the value of Arizona exports has risen 57 percent since 2004.… Read More →

D-backs have lowest Fan Cost Index for 9th straight year

2012 Employee Appreciation Dinner

The Arizona Diamondbacks (@Dbacks, @LosDbacks) have the lowest Fan Cost Index ($126.89) in Major League Baseball for the ninth consecutive season, it was announced by Team Marketing Report. The D-backs finished almost $85 below the industry average of $211.68. The Fan Cost Index is a representative look at the costs for a family of four… Read More →

Experts share ‘wins and losses’ on Arizona state budget

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Alberta Charney said she hasn’t heard much outrage from the business community over Arizona’s latest budget. “Maybe we are used to it,” said the research economist at the Eller College of Management at the University of Arizona. “We have seen so many cuts over the years.” The fiscal 2016 budget is no different. Gov. Doug Ducey… Read More →

Phoenix faces growing gap between income, rent hikes

Colonade Apartments, WEB

A new report shows Tucson and Phoenix-area renters have had to deal with a double whammy: Dwindling or stagnant incomes coupled with significant rent hikes. The report, released last week by the National Association of Realtors, indicated the two metro areas are among those where the gap between rental costs and household income is increasing.… Read More →

Arizona’s hospitality industry embraces global market

climate denialism

Arizona has the Grand Canyon, Monument Valley and Sedona, but to promote these natural wonders to international travelers is no walk in the park. To showcase Arizona around the globe, it takes detailed research, strategic planning, effective branding and marketing, a global network of industry professionals — and the power to erase any lingering negativity… Read More →

ASU honors top ASU-bred entrepreneurs

Entrepreneurs

Arizona State University has been gaining a nationwide reputation as a breeding ground for entrepreneurs. Accordingly, next week, the W. P. Carey School of Business at ASU is holding its first-ever Sun Devil Select event, to honor some of the country’s top ASU alum-owned and alum-run businesses. Seventeen firms from a variety of industries will… Read More →

$600M sale of Ulthera named Deal of the Year for 2014

Matt Likens - AZ Business Magazine January/February 2012

The $600 million purchase of Mesa-based Ulthera, Inc. by German company Merz Pharma was selected as the 2014 Deal of the Year Award by the Association for Corporate Growth-Arizona Chapter. The “Deal of the Year” is an award given by the Arizona Chapter of the Association for Corporate Growth (ACG) to recognize a company or private equity firm for their accomplishments regarding a… Read More →