Richmond Times-Dispatch from Richmond, Virginia • 45

Richmond Times-Dispatch Monday April 27 1998 D3 RETAIL We are pleased to announce that William A Rice Jr has joined our investment firm as an Investment Broker DIFFERENT MARKET Tha supennaricet In FMericksbuig was crowded whan thia picture was taken in August but tha store has faHed to meet its expectations For more than 100 years Scott Strincfellow HAS BEEN PROVIDING SUPERIOR INVESTMENT ADVICE AND SERVICE TO INDIVIDUAL AND INSTITUTIONAL CLIENTS- Fredericksburg faces competition and site challenges 808 Moorefield Park Drive Suite 110 Chesterfield Virginia 23236 (804) 323-1012 (800) 476-0455 Scott StringfcUom 3nc Trusted Adviajbr Suaxsful Investors Since 1893 Member NYSESIPC University of 26h Annual ESTATE PLANNING SEMINAR 8:35 a-m 4:00 pm Wednesday May 6 1998 Robins Center Qualifies fir CPE credits fir CPAs Approved for 60 credits for lawyers including 00 tibia credits Qualifies for certain coulimnng education credits fur fnnncuri planners CrtdM available for Virginia ty uadrra-riters pushing forward with plans to open a store later this year in Williamsburg It will be in the Monticello Marketplace shopping center on Monticello Avenue Extended at state Route 199 however has put on hold plans to open a store in the Charlottesville area because it can't find the right property and it feces increasing grocery competition in that market Retail remnants AutoNation USA the chief rival to Circuit City Stores CarMax used-car superstore division is accelerating its growth plans again AutoNation has agreed to buy Mart Worldwide eight franchised used-car stores The lots will be converted into AutoNation stores AutoNation expects to franchise more stores with the former Mart dealers as a way to speed its national expansion to smaller cities The former Food Canted store mi Midlothian Turnpike in Richmond will get a new lease on life Ewrgrooo Enterprises he a wholesale distributor of home deem accessories has plans to move there from Henrico County this summer Evergreen supplies chains and independent stores The company will use the space for wholesale sales warehouse storage distribution and some manufacturing Food Carnival closed in 1991 Evergreen has bought the store and the rest of the Southgate Shopping Center A movie theater in the shopping center will remain open To help Evergreen Richmond has provided about $86000 in grants and loans The Balk department store chain a confederation of 112 companies will become a single entity Shareholders of the companies earlier this month approved a merger and reorganization creating Belk Inc The merger is expected to become effective May 2 Belk has 31 stores in Virginia including four in the Richmond area The regional headquarters also is in Richmond Gregory Gilligan coven the retail industry Contact kirn by phone at (804) 649-6379 or e-mail at ggilligan (a timesdispatchcom When Super Markets Inc opened a store in Fredericksburg last August die Richmond-based chain knew it was taking a pretty bold step Yet had high hopes for the store its first to open outside of the home market officials are learning however that Fredericksburg and Richmond are very different markets Sales at the Fredericksburg store met expectations although they have been picking up is not doing as much business as we would like and we were overly optimistic starting out" said Robert Ukrop the president and chief operating officer who visits the store weekly Part of the reason for the sluggish sales is competition and the location Also the name well-known in the area has been really challenging" Ukrop said has taken longer than what we planned and we have learned some lessons" The in Fredericksburg is up against some tough competitors all of which are within a few miles of the store Shoppers Food Warehouse opened a discount-style supermarket less than a mile away about a month before the store opened Then Winn-Dixie Inc opened a store adjacent to earlier this year Giant Food and Food Lion also have locations nearby "No one wants to give anything up" Ukrop said Another issue is the location The store is in the western part of the Fredericksburg area whore many Washington commuters live Those consumers tend to want to shop on weekends is closed Sundays and are budget conscious the new guy in town" Ukrop said Despite the slower than expected performance in Fredericksburg the chain is Helen Lewis Kemp Esq Chair Recent Tax Deivtopnients from an Estate Planner's Perspective- A Primer on the Taxpayer Relief Act of 1997 John O'Grady Esq Tax Planning with Life Insurance: VC'bat Should You Know -Vbat Musi You Tell? John Milne JD LLM A Panel Discussion Regarding Business Succession Planning Steven Keeler Esq Moderator Richard Dunsing Kevin King CPA Leigh Fultz CLU ChFC Simple Techniques for Transferring Property Avoiding Probate and Making Clients Happy Robert Freed Esq CPA Tbe Banker tbe Broker the CLU: 1 That's tbe Difference in XC'bat They Do? Linda Rigsby Esq Recent Virginia Developments Affecting Trust and Estates William Gray Jr REGISTRATION FEE: $100 Make checks payable to of 7b register call-(804) 282-5929 UMvmsmroF Richmond Founded 1830.