FINANCE

Amazon: E-Books outselling hardcovers

BY CSA STAFF

New York City Amazon.com said it reached a milestone, selling more e-books than hardbacks over the past three months, according to a report by the Wall Street Journal.

In a statement Monday, Amazon CEO Jeff Bezos said the company’s Kindle e-reading device had experienced tripled growth since the company lowered its price to $189 from $259 last month, following asimilar move by Barnes & Noble to cut the price on its Nook e-reader.

Amazon said Kindle device sales accelerated each month in the second quarter — both on a sequential month-over-month basis and on a year-over-year basis.

Still, Amazon said its hardback book unit sales also continued to increase. Moreover, said the report, while Amazon has become one of the largest booksellers in the United States, it still attracts an online audience that is more inclined to be early adopters of new reading technology.

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REAL ESTATE

Regency names investment VP in Los Angeles

BY CSA STAFF

Regency Centers said Monday it has appointed John T. Mehigan as VP investments.

Located in the company’s Los Angeles office, Mehigan will be responsible for identifying, evaluating, and structuring profitable retail development opportunities throughout Southern California, said Regency.

Most recently, Mehigan served as senior development manager for Panattoni Development Co.

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News

Stewart helps Office Depot deliver backpacks to Indiana kids

BY CSA STAFF

INDIANAPOLIS Office Depot and the Office Depot Foundation announced that Tony Stewart, an Indiana native and driver of the No. 14 Office Depot/Old Spice Chevy Impala in the NASCAR Sprint Cup Series, will join the Foundation on July 22 to donate more than 5,000 backpacks to non-profit organizations and schools in the Indianapolis area.

The backpack donations will be made during a special “Back-to-School Backpack Celebration” event beginning at 2 p.m. local time at the Office Depot store located at 12417 North Meridian Street in Carmel, Ind. In addition to Stewart, special guests scheduled to attend include Katherine Blane, representing Senator Richard G. Lugar (R-Ind.), State Senator Mike Delph (R-29), State Representative Cindy Noe (R-87), Hamilton County Commissioner Christine Altman and Carmel City Council Member Ron Carter, the company reported.

 

“I am very proud to partner with the Office Depot Foundation again this year and to be able to help so many kids here in the Indianapolis area,” Stewart said. “This is a big year for the Office Depot Foundation because it is celebrating the 10th anniversary of its National Backpack Program, and I can tell you from experience how rewarding it is to see the look on these kids’ faces when they get a new backpack – it’s an automatic boost of confidence for them and helps them feel ready to take on the new school year just like everybody else. Of all the things I’ll do this weekend, participating in this program is definitely the most important.”

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