Category Archives: Economy
Urban Outfitters opened its Red Bank store at the corner of Broad and West Front Streets in November. (Click to enlarge)
The parent company of the Urban Outfitters chain reported record fourth-quarter sales and a 92-percent jump in earnings today.
But sales were flat at the Urban Outfitters chain itself, with the gains coming from the [...]
Hovnanian’s headquarters on West Front Street.
Red Bank-based homebuilder Hovnanian Enterprises ended a 13-quarter losing streak in its latest reporting period, the company announced Tuesday.
Though revenue in the quarter ending on January 31 plunged 14 percent, to $319.6 million, the company managed to rack up a profit of $236.2 million, or $2.97 a share, compared [...]
February 25, 2010 – 8:08 am
Assemblyman Declan O’Scanlon.
A war of words between state legislators and Red Bank officials over recent pay raises for borough employees continued yesterday.
Twelfth-district Assemblyman Declan O’Scanlon, a Little Silver Republican, fired back at the all-Democrat Red Bank Council with a letter that challenged the fiscal sense of granting annualized 3-percent salary and wage increases to non-unionized [...]
February 23, 2010 – 7:37 am
Borough employees turned out Monday night to voice their concerns over the council’s proposal to freeze longevity pay. (Photo by Dustin Racioppi)
By DUSTIN RACIOPPI
Just when it appeared that the Red Bank Council was set to pass an ordinance freezing an incentive program for borough employees, those same employees banded together Monday night to try and [...]
February 18, 2010 – 7:22 am
The paved patch of land at the corner of Maple Avenue and Monmouth Street will get a fringe of greenery. (Photo by Dustin Racioppi)
By DUSTIN RACIOPPI
Red Bank’s Planning Board gave formal approval Wednesday night to the owners of property on the corner of Maple Avenue and Monmouth Street to do what they’re already doing: use [...]
February 17, 2010 – 10:00 am
By DUSTIN RACIOPPI
Red Bank employees won’t be getting any more financial pats on the back for staying on the job under a law change now pending before the borough council.
The governing body last week introduced an ordinance that would freeze a $500 bonus for every five years longevity that non-vested and non-union employees rack up. [...]
February 15, 2010 – 11:29 am
Kim Senkeleski at her home with a familiar if loathed visitor: her annual tax bill. (Photo by Dustin Racioppi)
By DUSTIN RACIOPPI
Red Bank’s borough council may have shot down former candidate Kim Senkeleski’s idea of a taxpayer summit. But if she has her druthers, the governing body’s going to get the fixings of one anyway.
Senkeleski, still [...]
February 9, 2010 – 7:42 am
Following through on complaints about downtown employees hogging primo parking spaces all day, Red Bank officials last night moved to double the hourly fee for metered parking on the street.
The measure, which also increases annual charges for permits used by business owners but leaves the rate for metered parking in municipal lots unchanged, is also [...]
February 3, 2010 – 5:49 am
Councilman Bob Marchese explains his idea to generate revenue through investing taxes that are paid early, while councilman Ben Lucarelli looks on. (Photo by Dustin Racioppi)
By DUSTIN RACIOPPI
It didn’t take long for rookie Fair Haven Councilman Bob Marchese to start chipping away at ideas he campaigned on.
He formally floated one earlier this week: give a [...]
January 21, 2010 – 9:57 am
It seems the Maple Avenue lot across from Borough Hall, at left, is going to remain a parking facility for at least another couple of years. (Photo by Dustin Racioppi)
By DUSTIN RACIOPPI
Going into Wednesday night’s Red Bank Planning Board meeting, it appeared that a few questions might finally be answered concerning the gas station-turned-private-parking lot [...]
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