Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: SATURDAY, August 12, 1995 TAG: 9508140057
SECTION: BUSINESS PAGE: A6 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
Polytex Computer has moved its store from Blacksburg to Roanoke, although it is still servicing its customers in the New River Valley. The new store is at the City Line Square shopping center at Peters Creek and Cove roads.
Joyce Chao, who operates the business with her husband, Pierre Chao, said the store sells computers and related equipment. The Chaos also service computers and are willing to service computers at the customer's site.
- Staff report
Home Shopping cutting staff
ST. PETERSBURG, Fla. - The Home Shopping Network video retailer is laying off nearly 200 workers, or about 4 percent of its total staff, in a cost-cutting move after losing $18.5 million so far this year.
The layoffs, combined with other job cuts and attrition over the past 18 months, reduce the company's staff by about 1,000 people, leaving the company with about 4,000 workers.
Nearly every department is affected. Employees who lost their jobs were told Thursday and Friday that business was down and the company had to trim costs and expenses, said spokeswoman Louise Cleary.
The cuts follow the June closing of Home Shopping's distribution center in Reno, Nev., and the termination of its 112 employees there.
The company attributed the losses, $8.8 million in the first quarter and $9.7 million in the second quarter, to a new merchandising plan that it has to fully implement.
Officials at the company's warehouse and order-filling center in Salem were unavailable Friday to comment on the impacts.
- Associated Press and staff
Chesapeake buys plant site in Ariz.
RICHMOND - Chesapeake Corp. has purchased land in Bellemont, Ariz., for a new plant that would convert rolls of tissue into napkins, towels and other products for the away-from-home market, said the Richmond-based packaging and paper company operating Chesapeake Packaging Co. division in Roanoke.
The converting facility will serve Wisconsin Tissue, Chesapeake Corp. said.
The first phase of the 272,000-square-foot facility will be fully operational in the first half of 1996, said Wisconsin Tissue president Bill Raaths.
- Associated Press
Bankruptcies
Eight bankruptcies with business affiliations have been filed in the U.S. Bankruptcy Court for Western Virginia at Roanoke. Seven of them are personal bankruptcies that the court listed as businesses because they have commercial connections and could be of interest to business creditors and customers.
Gem Stone Coal Inc. of Pennington Gap, which is engaged in the hauling and tippling of coal, filed for reorganization and protection from creditors. Barbara R. Dean, president, estimated assets and liabilities at less than $50,000 each.
Mary Kathrine White of Moneta, who formerly operated the Cue and Brew at Salem, filed for liquidation. She had assets of $134,204 and liabilities of $57,290.
Kendall Fields of Abingdon, who formerly operated as Checker Flag Deli, filed for liquidation with assets of $8,200 and liabilities of $65,767.
Carl E. Johnson and Mildred G. Johnson filed for liquidation with assets of $8,570 and liabilities of $18,223. Mildred Johnson is a self-employed horse trainer.
David W. Woodward of Jonesville, a self-employed pawn broker, sought liquidation with assets of $8,572 and liabilities of $22,435.
William Lavayette Elam Jr. and Carolyn Diane Keith Elam of Wise filed for a wage earner plan for repayments of debts, listing assets of $55,117 and liabilities of $55,309. William Lavayette Elam is in the photography business.
Lisa Denise Locks of Roanoke, who is self-employed at the Stylette Beauty Salon, filed for liquidation. She listed no assets and liabilities of $7,967.
Robby R. Reese of Big Stone Gap filed for liquidation with assets of $30,200 and liabilities of $60,373. He said he was self-employed in the fund-raising business through the sale of pizzas.
by CNB