Session topic will be revenue streams
A session at Kent State University at Trumbull will discuss ways for businesses to diversify their revenue streams.
The session is July 25 from 8:30 to 10:30 a.m. Registration is due today. To register or for information, go to www.rjweanfdn.org/EventRegistration.aspx.
Aria Salon Studios sets ribbon-cutting
Aria Salon Studios has opened in Boardman, as the first of its kind in this community. Aria Salon Studios will create 18 individual businesses by offering beauty professionals the opportunity to lease a private, individual studio where they can own, name and run their own salon with minimal startup costs.
A ribbon-cutting press event will take place at .10:30 a.m. Wednesday at Aria Salon Studios, 362 Boardman-Canfield Road across from The Shops at Boardman Park.
Organic market to open Thursday
New Again Farm’s organic produce and pantry market will open at 9 a.m. Thursday at 908 W. Main St.
Fresh organic fruits and vegetables will be available for purchase. The farm’s owners also provide home delivery.
Store hours are 9 a.m. to 5 p.m. Thursdays and Fridays and 10 a.m. to 4 p.m. Saturdays.
Consumers Bancorp completes offering
Consumers Bancorp, the parent company of National Bank, announced Monday that it has completed its previously announced common-stock offering with sales of 655,668 common shares.
The stock sale raised approximately $10 million.
Due to the oversubscription in the public offering, investors whose subscriptions were received by Friday will be cut back to a lesser number of shares. Consumers’ transfer agent is making final allocations, and all excess funds will be returned to investors quickly.
Retail sales weak
The U.S. economy appears to be weaker than many economists had thought after a report Monday showed consumers spent cautiously in June at retail businesses.
Americans bought more cars and trucks, furniture and clothes. But they cut back almost everywhere else. They spent less at restaurants and bars, reduced purchases at home-improvement stores and bought fewer computers and electronics.
Overall retail spending rose 0.4 percent in June from May, the Commerce Department said. But excluding volatile spending on autos, gasoline and building supplies, so-called core retail sales rose just 0.15 percent. That’s the weakest gain since January.
Economists said the deceleration in retail sales could slow economic growth in the April-June quarter to an annual rate below 1 percent.
Vindicator staff/wire reports