CNN Money | Best Buy to close 50 U.S. stores, stock drops

NEW YORK (CNNMoney) — Best Buy’s stock took a dive on Thursday after the retailer reported quarterly results that included plans to close 50 big- box stores in the U.S. by 2013.

The company said it plans to open the same number of stores in China during the same time period.

Best Buy’s (BBY, Fortune 500) stock price dropped 8% as the company’s better-than-expected earnings report failed to trump the news about shuttering brick-and-mortar locations.

The retailer reported an adjusted quarterly profit of $2.47 a share. That was significantly higher than the projected $2.16 a share, from a survey of analysts by Thomson Reuters.

Best Buy currently has 1,105 big-box stores in the U.S., not counting the pending closures, according to company spokeswoman Kelly Groehler. In China, there are 185 stores under the company’s Five Star brand, she said.

The company plans to open 100 “mobile small format stand-alone stores” in the U.S. in fiscal year 2013. It also said 14 of the new stores in China will be “mobile store-within-a-store concepts.”

Read more:
Re-posted by: Crosbie Real Estate Group

Westword | Best of Denver® 2012

Best of Denver® 2012

It was the best of times…it was the Best Of time! All year long, while they’re out and about, Westword writers scribble notes on napkins, in notebooks, on tablets and those original palm pilots — their hands — when they discover something that’s truly extraordinary about this place where we live, this place we love. It could be a great cup of coffee, a particularly informative cab driver, an up-and-coming artist, a heavenly hamburger. And every spring, we collect all of those notes and turn them into this, our yearly Best of Denver edition, full of hundreds of awards celebrating the very best the metro area has to offer. We ask readers to weigh in on many of those categories; their votes follow the staff picks in the pages that follow.

When we started this annual orgy of niceness 28 years ago, the Denver Broncos had a brand-spanking-new quarterback. Today, John Elway is in the team’s front office — and just brought a brand-spanking-old quarterback to Denver. But while Peyton Manning’s arrival sent Tim Tebow, the 2012 readers’ choice for Best Colorado Celebrity, off to New York, it was perfectly timed for this issue, an ideal introduction to Manning’s new home. Some of these choices will be familiar to longtime residents, some will be surprises. But we guarantee that all of them will be the very Best of Denver.

And now, while you keep this bound version on your coffee table, the Best of Denver 2012 — as well as more than a decade of its predecessors — will be available all year long on our website,, which will feature weekly updates listing additional favorites in some of the more popular categories. You can also take the Best of Denver with you on your iPhone or Android with our Best Of app. Featured in Wired’s 2011 App Guide, it not only contains our 2012 winners, but many of the runners-up — and also allows you to find and rate everything in town, from restaurants and bars to shopping and services. Also included: Best Of award winners from thirty other cities. Download it free at

And enjoy!

Check out who made the list:

Denver Business Journal | Lowry Redevelopment Authority unveils plans for Buckley Annex

The Lowry Redevelopment Authority    (LRA) soon will take control of the last piece of land at the Buckley Annex property and, on Tuesday, revealed development plans for the 70-acre site.

The land sits on the corner of 1st Avenue and Monaco Parkway, across from Crestmoor Park. LRA officials expect the U.S. Air Force to transfer the land deed in the next month.

“This will be an exciting new neighborhood for Lowry and Denver,” Monty Force, incoming LRA executive director, said in a news release. “Where else can you live in a new green home, perhaps a ‘right-sized’ one, with new amenities at Lowry and easy access to Crestmoor Park and Cherry Creek?”

The Gazette – Colorado Springs | Startups bouncing back in the Springs

Startups are making a comeback in Colorado Springs.

A death of funding during and after the 2008 financial crisis left entrepreneurs in the Springs and many other cities unable to turn ideas for new products and services into businesses that one day could grow into major employers. Venture capital funds have bypassed the Springs for more than three years.

But the startup drought is eding, said Jan Horsfall, a top local entrepreneur and organizer of Startup Colorado and, statewide and local groups of entrepreneurs helping each other solve problems with their businesses.

Read more:
Re-posted by: Crosbie Real Estate Group

QSR Magazine | Wendy’s Raises Animal Welfare Standards for Chickens, Pigs

Wendy’s Animal Welfare Council, Dennis Hecker, head of Wendy’s Animal Welfare Council and SVP of Quality Assurance today announced two major improvements to its animal welfare standards to significantly improve the humane treatment of chickens and pigs.

“Wendy’s takes our role as a responsible corporate citizen very seriously, which includes the humane treatment of animals,” says Dennis Hecker, head of Wendy’s Animal Welfare Council and SVP of Quality Assurance. “For more than a decade, our council has set industry leading standards for animal welfare.”

Crosbie Real Estate Group | New Retail Listings in Colorado

Downtown Denver Retail
1755 Blake Street, Denver, Colorado map
Brokers:  Eli Boymel & Rich Hobbs
Download Brochure

New High Profile Retail
2101 E Arapahoe Road, Colorado map
Brokers:  Scott Steputis & Rich Hobbs
Download Brochure

Coal Mine Centre
SEC W Bowles Avenue & S Zang Street, Littleton, Colorado map
Brokers:  Rich Hobbs & Eli Boymel
Download Brochure

DIA Tech Center
NWC 81st Avenue & Tower Road, Commerce City, Colorado map
Brokers:  Eli Boymel & Scott Crosbie
Download Brochure

Former Blockbuster
NEC 120th Avenue & Main Street, Broomfield, Colorado map
Brokers:  Rich Hobbs & Rhonda Coy
Download Brochure

Grandview Marketplace
NWC Centennial Boulevard & Fillmore Street, Colorado Springs, Colorado map
Brokers:  Rich Hobbs & Rich Otterstetter
Download Brochure

Jefferson Village – NEW VACANCY!
NEC C-470 and Kipling Street, Littleton, Colorado map
Brokers:  Rich Otterstetter
Download Brochure

Thornton Town Center
10001 Grant Street, Thornton, Colorado map
Brokers:  Rich Otterstetter
Download Brochure

Uptown Retail
300 E 17th Avenue, Denver, Colorado map
Brokers:  Rich Otterstetter & Rhonda Coy
Download Brochure

Valle Vista Shopping Center
3003 W 104th Avenue, Westminster, Colorado map
Brokers:  Rich Hobbs & Jeff Germain
Download Brochure