Quantcast
Icon

The Daily Record's business blog

And then there’s the cheaper way to do competitive softball

By:

Competitive softball player Dale Zwack says in today’s story that finding a good team sponsor is getting harder these days.

In my interview with him he estimated that his team RPM/Junk Yard Dog’s upcoming week-long trip to Florida for two tournaments will put a $6,000 to $8,000 dent in the team’s travel budget.

And that’s with trying to cut corners by renting three small houses for the week to fit roughly 15 people instead of paying for a nightly hotel room. But Zwack said he’s seen some that will go to any lengths to make a tournament.

Read the rest of this entry »

Category: Business, sports

This weekend pack up the car … and wait

By:

AAA Mid-Atlantic is predicting a 9 percent increase in travel this Labor Day holiday weekend … and most of those travelers will hit the road.

The company says approximately 637,200 Marylanders will take a trip at least 50 miles round-trip away from home. That’s a 9.1 percent increase from 2009.

But for those of you groaning over the inescapable traffic jam you’re sure to hit in your travels, there’s hope. Well, sort of.

The auto club issued it’s travel predictions with one caveat: The current path of Hurricane Earl could drive some travelers to stay home.

Read the rest of this entry »

Category: Automobiles, Business, tourism

Tasti-D-Lite coming to Maryland

By:

If you’re a “Sex and the City” fan — or if you’ve just ever set foot in Manhattan — you’ve probably heard of Tasti-D-Lite, the frozen yogurt shop.

Now the New York-based company is opening its first Maryland location as part of its plans to expand to 500 locations in the next five years.

According to a news release, mid-Atlantic franchise owner Ben Pascal wants to open 12 to 15 shops in Maryland, D.C. and Virginia in the next five years and has selected the Park Plaza shopping center in Severna Park for the region’s first Tasti-D. The location will also serve as the local headquarters and operations center.

So far so good, right?

Read the rest of this entry »

Category: Business, retail

Strasburg injury delays ROI for Nats

By:

My heart goes out to Washington Nationals fans. It really does. But more so, it goes out to the Nationals front office — they’re the ones with the $15.1 million contract for a stud rookie pitcher for whom they’ll have to wait until the 2012 season to see returns.

And at this point, those returns are no longer guaranteed.

When the news came crashing down on Nationals Nation last week that phenom Stephen Strasburg would undergo Tommy John surgery for his elbow — a procedure that takes 12 to 18 months from which to recover — the collective groan from D.C. could be heard all the way up here in Baltimore.

Read the rest of this entry »

Category: Baseball, Business

Cha ching!! Lots more money in store for Preakness winner

By:

The new owners of Pimlico Race Course are upping the ante in a big way for next year’s Preakness Stakes. Actually it’s not just big. It’s humongous. Like multimillion dollar humongous.

MI Developments Inc. announced Friday that it will award a $5.5 million bonus to the winner of the 2011 Preakness Stakes to be split $5 million for the owner and $500,000 to the jockey — if the horse wins two earlier races at MID tracks.

Dubbed “Preakness 5.5,” horses qualify for the prize by winning in one of the preliminary races at MID-owned Gulfstream Park, Santa Anita Park and Golden Gate Fields. It’s a pretty smart move by the Ontario-based company to generate better competition and larger fields — which lead to more wagering and more money for MID — at its tracks next spring.

Here’s the breakdown on how horses/owners will qualify:

At Santa Anita Park and Golden Gate Fields:
The winner of the Grade III El Camino Real (at Golden Gate) and the winner of Santa Anita’s Grade II Bob Lewis or the Grade II San Felipe, will qualify for the Preakness 5.5 if the horse goes on to win the Santa Anita Derby.

At Gulfstream Park:
A horse must win either the Grade III Holy Bull Stakes or the Grade II Fountain of Youth, and then go on to win the Grade I Florida Derby.

$5.5 million may sound like a hefty price to pay (especially when you consider this is the parent company of Magna Entertainment Corp., which didn’t want to pay the $28.5 million license fee for its Laurel Park slots bid last year). But MID is getting more than paid back by the better competition it’ll generate at its other tracks. And of course, there’s always the chance that no horse will qualify. (And if I were MID I’d be praying to all kinds of gods for that to happen. I’m just saying.)

But this is horse racing after all. And everything’s a gamble.

Category: Baltimore, Business, horses, Pimlico

Ravens rise to 8th most valuable NFL franchise

By:

The team’s value may have slipped a little, but the Baltimore Ravens’ overall rank rose in 2009 to the 8th-most valuable NFL franchise according to Forbes.com.

Steve Bisciotti’s Ravens’ total worth fell 1 percent in the past year to $1.07 billion — about two-thirds of Bisciotti’s estimated net worth of $1.5 billion — but the team climbed three places in Forbes’ annual team valuation rankings.

The Dallas Cowboys came in at No. 1 with a $1.8 billion value, followed by the Ravens’ Beltway rival, the Washington Redskins, valued at $1.55 billion. (On a related note, the Ravens pounded the Skins in their preseason game, 23-3 … I guess money isn’t everything. )

Read the rest of this entry »

Category: Baltimore, Business, Economy, football

Orioles headed toward big attendance drop

By:

With 15 home games left in the season, the Baltimore Orioles are staring down an abysmal attendance hole they won’t remedy before the end of the year.

Just 1.37 million people have gone to Camden Yards this year through 65 games — a 13.5 percent drop in attendance from this point last year. I doubt it will end that low with the Red Sox and Yankees each due for one more weekend visit here before the end of the season. But a 10 percent drop in overall attendance and a total of just over 1.7 million total fans isn’t out of the question either.

Read the rest of this entry »

Category: Angelos, Baltimore, Baseball, Business

Cordish will battle over the airwaves — just not yet

By:

You may have already seen the well-produced ads by the coalition trying to halt developer David Cordish’s casino project at the Arundel Mills mall.

The first ad (watch it below this post) describes the mall as “a family friendly environment — and a slots parlor just doesn’t belong there.”

In his interview with The Daily Record last week, Cordish said he was definitely getting ready to strike back at his opponents — the Maryland Jockey Club, Stop Slots at the Mall and other citizens groups that are against his casino. The jockey club in particular wants to see slots built at its race track, Laurel Park, which is just down the road from the mall.

Read the rest of this entry »

Category: Advertising, Business, Development, slots

Ravens programming now on WBAL and Comcast

By:

After dropping MASN, the Ravens have ended the mystery after two weeks of who will carry the team’s television shows that include Purple Passion and the John Harbaugh Show.

The team on Friday announced that WBAL Plus and Comcast SportsNet will be airing all Ravens television programming, a move that gives the team a broader reach and a foot in the door in the Washington market.

Last year in an exclusive interview with The Daily Record, Ravens President Dick Cass said he’d like to see the team get more exposure in Maryland counties that were arguably split between Ravens and Redskins fans. Namely, Prince George’s and Frederick counties and even parts of Montgomery County.

Looks like this is one way to make that happen and then some (considering Comcast’s reach is broader than just the Washington Metro Area).

Read the rest of this entry »

Category: media, Ravens, sports

Saving men from $250 embellished jeans

By:

Bethesda-based Discovery Channel’s Mike Rowe is a man after my own heart. Here’s why:

“Frankly, I’ve never understood the whole notion of jamming yourself into a dressing room with an armful of new styles to find the ‘perfect look,’” said Rowe. “And from what I’ve seen, I’m not alone. The guys I know aren’t going to spend a hundred dollars on a pair of pants with rhinestones and fake stains and zippers to nowhere. And don’t even get me started on jeans with rips and holes already in them. Madness.”

Actually, he’s a man after my archaeologist husband’s heart … I think I’ve literally heard him say the same thing.

Rowe’s quote is from a news release I received today titled “Saving Men From $250 Embellished Jeans.” It’s announcing Lee Jeans’ new advertising campaign featuring the star of Dirty Jobs, a show in which durable jeans are a must-have. Rowe’s idea of the perfect pair of jeans is simple:

“They should last. They should fit. They should fade. They should never cost more than fifty bucks. And they should be blue.”

Rowe is your typical “man’s man” (although I can think of some women, myself included, who also subscribe to the simple shopping school of thought.) Rowe is no frills, straightforward and he abides by the policy that clothes should be durable and worn literally into the ground before they are chucked.

The tactic Lee Jeans is taking is unusual but it’s a smart diversion from other clothing companies that urge you to fill up your closets each season with the latest styles for fear of mass ridicule. The partnership and new ad campaign will include Rowe sharing his perspective on jeans shopping and will feature him in Lee’s new Premium Select, which retail for $42 at Lee.com, Kohl’s, JCPenney and Sears. Ads debut in print, broadcast and online today.

And just to stick it to the fashionistas, Rowe and Lee will be launching a new website, shopphobia.com, where Rowe says “enough is enough – he has Shop Phobia and isn’t going to take it anymore,” the release says.

As much as I love this idea, the business reporter in me is wondering — if Lee Jeans are as durable as they say, how do you get people to come back each season and buy more? Even if you’re appealing to people who have dirty jobs, my husband’s field jeans last him more than one season before he’s forced to buy another pair. Where’s the impetus to keep your customers coming back on a regular basis?

Category: Advertising, Business, retail

Email Alerts

Sign up for free email alerts from The Daily Record

Enter your e-mail address:
Morning News Update
TDR Auction Notices
Real Estate Weekly
In-House Counsel Monthly