Business

Business In Brief - June 20, 2007

Deborah Sharp Tulay joins Allen Tate Co.

Deborah Sharp Tulay has joined Allen Tate Realtors' Rock Hill office.

The York County native is a graduate of Fortune Academy Real Estate School and Winner's Edge, which is Allen Tate's training program. Tulay can be reached at 817-9637; Deborah.Tulay@allentate.com or www.allentate.com/ deborahtulay.

Comporium donates six vehicles to local groups

Comporium Communications has donated six work vehicles that it was retiring from its fleet to five local charitable organizations as well as to the S.C. School for the Deaf and the Blind.

The other nonprofit agencies included Keystone Substance Abuse Services, the Upper Palmetto YMCA, the International Center of York County, the Palmetto Council Boy Scouts of America and the York County Board of Disabilities and Special Needs.

Comporium, with the assistance of the United Way of York County, identified the organizations that it felt it could match with either a sedan or truck that could fill the individual charity's purpose.

Comporium's Glenn McFadden, executive vice president of operations, presented the keys, titles, transfer papers and maintenance reports to the representatives of each group.

Homeowners offered flat fee marketing solution

Vicki and Tracy Jernigan, owners of The Jernigan Concept, are offering a full-service flat fee marketing solution.

"We recognize that the demands of consumers are constantly changing. Our company offers and exceeds the highest standards of service. Our exclusive business model allows homeowners to keep more of their hard-earned equity. We're saving our clients thousands of dollars, and the positive response has been amazing," the couple stated in a news release.

The couple has more than 30 years of combined experience as residential Realtors. Tracy currently serves as a Piedmont Regional Association of Realtors Director. Vicki is a past president of the Piedmont Regional Association of Realtors and was selected by her peers as 2004 Realtor of the Year.

The Jernigans are at 366-HOME (4663) or at www.366-HOME.com.

Steak-Out owner Vallejos receives company award

Robbie Vallejos, owner of Steak-Out Char-Broiled Delivery of Rock Hill at 990 West Main St., has received the Silver Service Award 2006.

The award was created to recognize Steak-Out operators who consistently exhibit product quality, service, image and store cleanliness. Awards were presented at Steak-Out's Awards Dinner at the 2007 Operator's Meeting recently held in Atlanta.

"We owe our success to our loyal Rock Hill patrons," Robbie Vallejos said. "Whether it's picked up at the restaurant or delivered, Steak-Out is dedicated to offering hot, well-balanced meals with a focus on customer service, and the Silver Service Award reflects that."

Steak-Out's menu features ribeye and New York strip steaks, grilled chicken breast filet, cheeseburgers and steak and chicken sandwiches. Meals are served with a baked potato, butter and sour cream, a tossed salad and a dinner roll, and can be ordered over the phone or online at select locations.

For more information, visit www.steakout.com or call Steak-Out of Rock Hill at 329-8611.

Home Depot to sell distribution business

ATLANTA -- Home Depot announced Tuesday it will sell its wholesale distribution business to a group of private equity firms for $10.3 billion over the objection of some shareholders.

The board of the world's largest home improvement store chain approved the sale of Home Depot Supply to Bain Capital Partners, The Carlyle Group and Clayton, Dubilier & Rice. The sale is expected to close later this year.

The board also authorized a $22.5 billion increase in the company's share repurchase program.

Atlanta-based Home Depot said Feb. 12 it was considering shedding Home Depot Supply as it focuses on its core retail business. The supply unit serves contractors, homebuilders and other business customers.

Best Buy lowers its 2008 profit estimate

MINNEAPOLIS -- Best Buy, the nation's largest consumer electronics retailer, lowered its 2008 profit estimate on Tuesday, blaming a softening economy that's steering shoppers away from high-margin items such as flat-screen TVs.

The company also reported that first-quarter earnings fell 18 percent, partly in response to the inclusion of the company's new lower-margin business in China. Shares slid $2.83, or 5.9 percent, to $45.18 Tuesday.

Chief Executive Officer Brad Anderson said weakness in the overall economy was a major factor in the company's sales skewing away from high-margin, big-ticket products. A growing amount of its sales is coming from items such as notebook computers and gaming hardware, which don't bring as much profit.

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