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News stories tagged with "retail"

Assemblywoman Dede Scozzafava (R-Gouverneur)
Assemblywoman Dede Scozzafava (R-Gouverneur)

Dede Scozzafava: "I'm proud of my investment"

Seaway Valley Capital Corporation has become a concern in Assemblywoman Dede Scozzafava's campaign for Congress. According to her personal finance disclosure form, Scozzafava has at least $1 million invested in the company. Financial filings show her firm, Seaway Capital Partners, loaned Seaway Valley more than $400,000 last month.

Dede Scozzafava was mayor of her hometown of Gouverneur and has enjoyed broad support while serving in the state Assembly since 1999. Her public stature is often cited by investors as a factor in their decisions to buy stock in her brother's company. And now that their investments are nearly worthless, they want answers. "I can't defend any of that," Scozzafava says, "because I'm not involved in any decision making in the public company." Dede Scozzafava is vice-president and chief operating officer of Seaway Capital Partners, the firm that started Wise Buys in 2003. In 2007, Seaway Capital sold its share in Wise Buys to Seaway Valley in exchange for preferred shares of stock. Scozzafava told David Sommerstein she has always been just a "passive investor" in the new company.  Go to full article

Walmart septic failed; local leaders in the dark

The Potsdam Courier-Observer broke news yesterday that the septic system of the Walmart Supercenter in Potsdam failed more than three months ago. Since then, Walmart has been trucking thousands of gallons of its sewage almost every day to the wastewater treatment system in Canton.

The retail giant has been in contact with state environmental officials. But local leaders were left in the dark. Now the village of Canton says it will stop accepting the sewage today. David Sommerstein reports.  Go to full article

Hacketts tries to regain footing amidst lawsuits

It's been an up-and-down week for an embattled North Country retail chain. Hacketts reopened its store in Massena this week. Its parent company finished paying off a $5 million debt. But new lawsuits against the company have emerged, including one from the family that is the retailers' namesake. David Sommerstein reports.  Go to full article

WEB AUDIO: Scozzafava & her brother's investment company

Republican candidate for the 23rd congressional district, Dede Scozzafava, explains to David Sommerstein that she has no connection to her brother's venture capital firm, Seaway Valley Capital Corp., which owes $192,000 in state and federal taxes.  Go to full article

Automakers push a gas tax

Chances are, you haven't bought a new car this year. Auto sales are down across the board, including in the small car and electric-gas hybrid markets. Now some dealers and automakers are proposing a way to move some of those more fuel efficient cars: increase the gas tax. Samara Freemark explains why the same people who sell cars might want to make driving them more expensive.  Go to full article

Hacketts forced towards bankruptcy

Six national clothing and sporting goods companies are trying to force a North Country department store into bankruptcy. The creditors say Hacketts department store owes them $1.6 million. David Sommerstein reports.  Go to full article
Lowville's "gift shop district"
Lowville's "gift shop district"

The economy in Lowville, pt.1: gift shops make do

This week, we take a snapshot of one North Country community and how it's being affected by the recession. Lowville is the seat of Lewis County. It's a cute village tucked in the Black River valley, between the Tug Hill Plateau and the western Adirondacks. The area has one of the highest concentrations of dairy farms in the state. There's also manufacturing jobs in the dairy and paper industries. And the Tug Hill relies heavily on snowmobile tourism for money. Unemployment is typically high. In December, the unemployment rate had climbed to 9%. Still, many small businesses populate Main Street. David Sommerstein inquired in Lowville's "gift shop district" about the effects of the recession.  Go to full article

NY mandates plastic bag recycling

Under a new state law, large stores and retail or grocery store chains in New York will have to provide collection bins for used carry out bags.
Lots of supermarkets encourage shoppers to carry re-usable bags. The new law goes further, to try to make sure those plastic bags still in use are recycled. Julie Grant reports.  Go to full article

Saranac Lake merchants distribute ?buy local? passports

There are two shopping days left before Christmas, and Saranac Lake merchants are offering an incentive to "buy local". The Saranac Lake Area Chamber of Commerce is handing out shopper passports to help keep local residents shopping for their holiday gifts at local stores. The idea was prompted by the Community Store last month. Todd Moe talks with Kathy Steinbrook, co-owner of Scotts Florist, about the "buy local" campaign this winter.  Go to full article

Empire Zone reform would hit North Country retail

Governor David Paterson wants a major overhaul of the controversial Empire Zone development program. Empire Zones offer tax breaks to hundreds of businesses in the North Country. But the program has been plagued for years by accusations of mismanagement and spiraling costs. As Brian Mann reports, state officials plan to scrap the benefit for retail stores and make it harder for all companies to qualify.  Go to full article

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