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Retail and Business

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P.F. Chang’s to become private company

P.F. Chang’s China Bistro Inc. on Tuesday said it has agreed to be taken private in a $1.1 billion sale to Centerbridge Partners, CNBC reported. The announcement came after the struggling Asian food chain posted …

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75 million Americans expected to eat out this Mother’s Day

New research from the National Restaurant Association shows Mother’s Day surpasses Valentine’s Day as the most popular holiday for diningt, with 75 million Americans expected to dine out to celebrate the holiday.

The survey shows …

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Business activity slowed in March, according to report

Business activity in the U.S. expanded in April at the slowest pace since the end of 2009, according to the the Institute for Supply Management-Chicago Inc., Bloomberg reported. The reading of 56.2 was lower than …

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Economic growth slows to 2.2 percent

Economic growth cooled in the first quarter as businesses cut back on investment and restocked shelves at a slower pace, but stronger demand for automobiles softened the blow, Reuters reported.

Gross domestic product (GDP) expanded …

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U.S. Cellular opens new location on Merle Hay Road

U.S. Cellular Corp. has announced the opening of a new retail location at 3801 Merle Hay Road.

The 3,300-square-foot space is designed to provide associates with a comfortable environment in which to help customers, the …

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ABI sponsors contest for small B-to-B companies

The Iowa Association of Business and Industry (ABI), in partnership with accounting firm CliftonLarsonAllen LLP, is sponsoring a contest in which five innovative small businesses will be selected to win free exhibit space and admission …

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Letter from the editor: Business Record’s Jim Pollock passes away

I’ve been very fortunate not to have ever written an obituary. Unfortunately today, I will, and it will be for one of our own.

Jim Pollock, our managing editor, passed away at 8:50 a.m. Thursday at …

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Teen job market improving, but fewer seeking positions

Summer employment among teenagers is projected to increase over last year’s better-than-expected gains, according to the annual teen summer employment outlook released Tuesday by global outplacement firm Challenger, Gray & Christmas Inc.

However, an analysis …

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Consumer confidence little changed in April

Consumer confidence was little changed in April, Bloomberg reported. The Conference Board’s confidence index was at 69.2 compared with a revised 69.5 in the prior month.

The small change in confidence is likely to reflect …

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Target to remodel Des Moines stores, add fresh foods

Target Corp. is remodeling 90 of its general merchandise stores, including two in Greater Des Moines, to offer a full selection of affordable fresh foods.

The Target stores to receive the expansion include those located …

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