Retail

Retail

Wines at the Pines closing

Inventory discounted as shop wraps up 3-year run at shopping center

URBANA — Wines at the Pines plans to close April 27 after a 3-1/2-year run at The Pines shopping center in southeast Urbana.

The shop, which sells wines, craft beers and coffee, opened in 2009 at 2860 S. Philo Road, U.

Danville City Council panel to weigh extension on loan payback

DANVILLE — Kohl's is open and selling, and the walls of the T.J. Maxx store are going up, but the city still hasn't received the federal grant money it needs to cover the $600,000 it took out of its general fund in 2011 to complete the $2 million incentive package for the retail development on North Vermilion Street.

Champaign City Council set to vote on deal with JSM for Lot J project

An earlier version of this story included an incorrect start date for the project based on erroneous information in a city report. The correct date appears below.

CHAMPAIGN — Work could begin in fall 2013 on a much-anticipated 12-story hotel and residential complex at Sixth and Green streets if city council members approve an agreement with JSM Development this week.

Business calendar April 7, 2013

Tuesday, April 9

Quarterly, yearly losses reported for Easton-Bell

RANTOUL — Easton-Bell Sports reported dismal fourth-quarter and full-year results last week, a little over a month after both its chief executive officer and chief operations officer resigned.

Net sales for the quarter were $183.5 million, down 11.4 percent from a year earlier. Consequently, net sales for the year amounted to $827.2 million, down 1 percent from the previous year.

Retail incentive program coming back May 1 to Gibson City

GIBSON CITY — Gibson City will conduct another "Buy Gibson City" retail incentive program beginning May 1. This is the first time the city has ever run the program in consecutive years.

14-story building to open at Green, Sixth by August '14

CHAMPAIGN — After 4 years of planning, Bankier Apartments is about to embark on its tallest apartment building yet — a 14-story building at the southwest corner of Sixth and Green streets.

Follett's to close this spring

CHAMPAIGN — After nearly 75 years in Campustown, Follett's will close the book on its store at Green and Wright streets in May.

Company spokesman Elio DiStaola said the store will close May 29, having served generations of University of Illinois students.

Updated: Supervalu cutting 1,100 jobs; 2 positions to be lost in Urbana, none in Champaign

Updated 2:57 p.m. Tuesday.

URBANA — Supervalu will cut about 1,100 positions nationwide, the Minneapolis-based grocery wholesaler and retailer announced Tuesday.

Two positions will be eliminated at its Urbana distribution center, and no positions will be cut at the W. Newell & Son produce distribution center in Champaign, company spokesman Mike Siemienas said.

Supervalu shake-up continues; wholesale chief stays

MINNEAPOLIS — Supervalu's new CEO continues to shake up the management ranks, but he's keeping the head of the company's wholesale and distribution business.

Sam Duncan said Friday that Janel Haugarth will continue to oversee that business, which is expected to account for nearly 50 percent of the company's annual revenues.