Earth Fare plans hiring events for High Point store
Earth Fare, which is opening its second Triad grocery store in High Point, will hold a series of job-fair events next week in Greensboro.
The company, based in Asheville, said it plans to hire about 100 full- and part-time employees for the High Point store.
Earth Fare offers specialty organic and natural foods as its grocery focus.
The job fair will take place from 10 a.m. to 7 p.m. Wednesday through June 15 at Courtyard by Marriott, 4400 W. Wendover Ave.
Applicants are asked to apply online at www.earthfare.com/highpoint prior to the event. Appointments are not necessary and applicants should be prepared for an on-site interview.
Hooker Furniture board declares 15-cent dividend
The board of directors for Hooker Furniture Corp, declared Thursday a quarterly cash dividend of 15 cents per share.
The dividend is payable June 30 to shareholders registered as of June 17.
Barnes & Noble sold
to hedge fund
Barnes & Noble is being acquired by a hedge fund for $476 million and will be taken private.
The national chain that many blamed for the demise of independent bookstores has been ravaged by Amazon.com and other online sellers, but remains a critical outlet for publishers.
On Friday, it was acquired by Elliott Management and, in a twist, will likely become a national chain with a business model more akin to that of a local bookstore.
Elliott bought Waterstones one year ago, a national U.K. book chain that has successfully navigated through the online/e-reader revolution by returning a lot of autonomy to the managers of its nearly 300 stores, who can select books that they believe local readers want.
The man who runs that U.K. chain, who will become CEO of Barnes & Noble, said that is what he has in mind for Barnes & Noble.
Leonard Riggio acquired the century old Barnes & Noble in the 1970s in the 1970s. He pursued aggressive expansion throughout the 1980s and established Barnes & Noble as a national phenomenon with the acquisition of B. Dalton Bookseller and its 797 locations in 1987. It became the nation’s second-largest bookseller.
By 1993, Barnes & Noble was a publicly traded company that was upending the publishing industry.
The Associated Press
Stock market notches best week since late November
Wall Street turned the page on a painful May in the stock market by notching its best week since late November.
Stocks climbed for a fourth consecutive day Friday, capping a week of gains that reversed most of the losses in May, when President Donald Trump’s tariff threats escalated trade wars with China and Mexico.
The latest rally came as investors welcomed a report showing that the U.S. added fewer jobs than expected last month. The lackluster snapshot of hiring appeared to increase the odds that the Federal Reserve will have to cut interest rates.
The lackluster jobs report could signal growing caution by businesses as economic growth slows and the U.S. engages in multiple trade conflicts.
The Associated Press