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News releases from Charlotte Business Journal

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‘I’m the hopeful one’: Owner holds off on closure of Gigi's Cupcakes in Charlotte after community support
Fans of the local shop bought dozens and dozens of cupcakes after the business announced in February it would close. Now, it may have turned the corner. 
Tags Retailing Gigi's Cupcakes, Inc/ Coronavirus
From Business Journals
City Council committee hones in on reducing unemployment as pandemic worsens disparities
A City Council committee on Monday explored a range of topics related to reducing joblessness and taking a more inclusive look at government and nonprofit training programs as part of local efforts to... 
Tags Career & Workplace Government & Regulations Human Resources
From Business Journals
Carowinds ramps up hiring as it plans for May opening
Carowinds plans to hire 2,000 employees as it prepares for the 2021 season. 
Tags Cedar Fair Entertainment Co/ Cedar Fair L/P/ Travel
From Business Journals
Bank of America Stadium's soccer-specific renovations beginning this month
The $50 million project includes improvements to the east end of the stadium where Charlotte FC's supporters’ section will be positioned, as well as the creation of a center players tunnel and... 
Tags Populous Rodgers Builders Inc/ David Tepper
From Business Journals
​CBJ Morning Buzz: Film production seeks extras — and classic cars — for project in Charlotte; Tonal fitness shop headed to local mall
A quick look at what you need to know to start your day, from top news headlines to upcoming events. 
Tags Film Industry Roundup Coronavirus
From Business Journals
Rounding up the newest additions to Charlotte's restaurant scene
Charlotte's bar and restaurant scene continues to see new additions despite it being nearly a year since operators here have been grappling with the Covid-19 pandemic. 
Tags Food & Lifestyle Retailing & Restaurants Retailing
From Business Journals
Why Lowe’s CEO Marvin Ellison says 2020 sales weren't an ‘anomaly’ — and how the retailer is preparing for future
Lowe's CEO Marvin Ellison expressed confidence that the locally based retailer will continue to take market share and improve operating profit in 2021 — even as a spike in business from the pandemic... 
Tags Lowe's Companies Inc/ Coronavirus Brian Yarbrough
From Business Journals
Holston Medical Group, north Charlotte doctors resolve legal disputes after plans falter
Legal disputes pitting Tennessee-based Holston Medical Group against Charlotte-area doctors have been resolved. 
Tags Ehab Sharawy Eric Cottrell Scott Fowler
From Business Journals
‘I don’t want that regret-filled coffin’: Why the restaurateurs behind Lulu's are doubling down on Charlotte
Joseph 'Jay' and Miketa Davis couldn't find the food they wanted to eat in Charlotte. So their brought Maryland-style flavor and flair to town with their own restaurant — and quickly found a following.... 
Tags Miketa Davis Restaurants Joseph Davis
From Business Journals
​CBJ Morning Buzz: New target in sight for wrapping up work on historic theater uptown; Gourmet popcorn shop opens in Steele Creek
A quick look at what you need to know to start your day, from top news headlines to events for the week ahead. 
Tags Commercial Real Estate Coronavirus Roundup
From Business Journals
Shake Shack sets opening for Huntersville restaurant
Shake Shack will soon open its fourth Charlotte-area restaurant in less than three years. 
Tags Andrew McCaughan Restaurants Shake Shack Inc/
From Business Journals
The week in bankruptcies: Advanced Development Concepts LLC
This week in Charlotte business bankruptcies includes Advanced Development Concepts LLC. For the year, Charlotte has recorded four business bankruptcy filings. 
Tags R/ Keith Johnson Advanced Development Concepts, LLC
From Business Journals
Will bankruptcy be enough to save Belk? Here's what analysts think
Belk Inc. filed — and emerged — from bankruptcy this week, but analysts say it may have a tough road ahead. 
Tags Coronavirus Steve Cox Retailing
From Business Journals
​CBJ Morning Buzz: Region to gain a recreation site on the Catawba River; Local bars cheer change in NC restrictions
A quick look at what you need to know to start your day, from top news headlines to events for the week ahead. 
Tags Travel Energy Roundup
From Business Journals
PHOTOS: Upscale restaurant to bring Asian comfort food to Plaza Midwood
Expect to see Asian comfort food — from noodle dishes to bao buns — on the menu when Warmack debuts in Plaza Midwood. 
Tags Retailing Restaurants
From Business Journals
Whystle founder says local cleaning startup has been acquired; buyer undisclosed
CEO and founder Chris Wright announced Whystle's acquisition in an email Wednesday afternoon. In it, he wrote that the decision was made as a team. 
Tickers INNO
Tags Inno Startups Technology
From Business Journals
Governor easing restrictions on NC businesses as Covid-19 trends improve
Gov. Roy Cooper cited improving trends in Covid-19 cases as the basis for ending a curfew in place since December and allowing alcohol sales until 11 p.m., among other changes that are effective... 
Tags Coronavirus Government & Regulations Roy Cooper
From Business Journals
Carolina Panthers founder Jerry Richardson donates $150 million to Wofford College
Former Carolina Panthers owner Jerry Richardson is donating $150 million to Wofford College. 
Tags Jerry Richardson Education Nayef Samhat
From Business Journals
Belk files for bankruptcy protection, expects to reemerge quickly
Belk Inc. filed for Chapter 11 bankruptcy protection late Tuesday. It expects to emerge from bankruptcy quickly. 
Tags Coronavirus Retailing Sycamore Partners LLC
From Business Journals
​CBJ Morning Buzz: Local restaurants land on Yelp list of 'Top 100 Places to Eat'; Will governor lift some Covid restrictions?
A quick look at what you need to know to start your day, from top news headlines to events for the week ahead. 
Tags Roundup Coronavirus Restaurants
From Business Journals
Lowe’s tops analysts' projections, sees net income climb 92% in Q4
Lowe's CEO Marvin Ellison expects to grow market share in fiscal 2021. The Mooresville-based home improvement retailer reported sales increased to 26.7% to $20.3 billion during the fourth quarter. 
Tags Lowe's Cos/ Inc/ Marvin Ellison Retail Chains
From Business Journals
A likely delay for Charlotte transit tax could help rally support for plan
Late-arriving Census data this year is all but certain to force city government elections to be pushed to 2022. If that happens, the proposed sales tax for transit will likely be delayed, too. 
Tags Logistics & Transportation Transportation Vi Lyles
From Business Journals
Canadian homebuilder Empire Communities acquires family-owned Charlotte company Shea Homes
A family-owned homebuilding business founded in Charlotte 27 years ago has been acquired by a large Canadian builder. 
Tags Residential Real Estate Gil Shea Homebuilders
From Business Journals
How the Urban League is addressing a 'triple pandemic' of Covid, economic malaise and racial disparity
Teddy McDaniel, president and CEO at Urban League of Central Carolinas, says the current moment of racial reckoning in Charlotte and across the nation offers an opportunity for sustained progress. 
Tags Urban League of Central Carolinas Inc/ Teddy McDaniel Coronavirus
From Business Journals
Restaurateur Frank Scibelli tackles Latin food with new Plaza Midwood concept
Veteran Charlotte restaurateur Frank Scibelli has plans for a Latin concept in Plaza Midwood. Calle Sol Latin Café and Cevicheria should open this spring. 
Tags Fs Food Group, LLC Alfredo Garza Restaurants
From Business Journals
How a high school job led local entrepreneur to start EcoTwist Clean decades later
Sean Stanley had no idea that a grocery store job he started at 17 would put him on a path to success in entrepreneurship more than 30 years later. In 2018, after 26 years at Harris Teeter and three... 
Tickers INNO
Tags Inno Technology Startups
From Business Journals
German grocer Lidl gives update on store opening plans in Charlotte
Two new Lidl locations will open in the upcoming months. The grocer is also moving forward with its plans for a store in lower South End. 
Tags Retail Chains Retailing Lidl U/S/
From Business Journals
5th Street Group takes over shuttered restaurant space in uptown
The 5th Street Group will put its spin on a French brasserie when it reopens this uptown restaurant. 
Tags Jamie Lynch Retailing Alejandro Torio
From Business Journals
GM talks opening of UNC Charlotte's $87M hotel and conference center, Covid-related challenges and more
The UNC Charlotte Marriott Hotel & Conference Center is slated to open its doors on March 31. Mike Nelson, who has been tapped as general manager, recently spoke with CBJ about the new hotel as well as... 
Tags Mike Nelson Marriott International Inc/ Travel
From Business Journals
Charlotte looks to Dallas, other cities as possible role models for revamping arts and culture
A newly formed city committee could learn from similar arts and culture plans adopted in recent years in Boston, Dallas and Louisville, Kentucky, among others. 
Tags Charlotte Symphony Orchestra Discovery Place Julie Eiselt
From Business Journals
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