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RadioShack to close 500 stores

(ATLANTA BUSINESS CHRONICLE) -- RadioShack scored big points with its comedic 1980s-themed Super Bowl ad that poked fun at the retailer's outdated image, but the mood was more somber on Tuesday when news broke that around 500 stores will close in the coming months.

WATCH | RadioShack Super Bowl ad

The Wall Street Journal says it isn't clear which of the Fort Worth, Texas-based company's 4,300 stores will be closed or when.

The closings are part of a restructuring. Says the WSJ, "The retailer has struggled to reverse a string of losses deepened by a sales strategy focused around smartphones, which failed to improve revenue over the past two years."

Michael Merlin named to 'On Wall Street' magazine's Top Advisors Under 40

ATLANTA -- Morgan Stanley (NYSE: MS) today announced that Michael Merlin, an Executive Director, Financial Advisor in the Firm’s wealth management office in Atlanta, GA, has been named to On Wall Street Magazine’s 2013 listing of “Top 40 Advisors Under 40.”

This listing is a select group of individuals who are 39 years of age or younger, as of December 31, 2013. Individuals are recognized based on their trailing 12-month production (T-12) and assets under management (AUM) as of September 30, 2013. This listing also takes into consideration the overall business mix of practices and adherence to high standards of industry regulatory compliance. Investment performance is not a criterion.

“To be named to this annual listing is an impressive honor, and we are extremely proud to have Michael represent Morgan Stanley on this list,” commented Michael Outlaw, Branch Manager of Morgan Stanley’s Buckhead Wealth Management office.

Texas entertainment concept headed for Ga.

DALLAS, Texas -- A Texas chain of family entertainment centers is expanding into Georgia.

Dallas-based Main Event Entertainment, which offers bowling, billiards, laser tag, arcades and several dining options, recently announced six new locations.

Two are planned in Georgia: in Atlanta and Alpharetta. Each venue would be 45,000 to 75,000 square feet, according to a Jan. 30 announcement.

Main Event currently has 12 locations in Texas and one in Arizona. It hopes to grow to 19 locations by 2015. Other new locations are planned for Oklahoma City and Tulsa, Okla.; Pharr, Texas; and a second location in San Antonio, Texas.

"Our 'Eat.Bowl.Play' brand of family entertainment has experienced tremendous success in recent years, enough so that we're expanding beyond Texas into new markets," Charlie Keegan, CEO of Main Event Entertainment, said in an announcement. "We're excited to grow our successful family entertainment centers throughout the U.S."

Grocery is the #1 holiday purchase! Research shows where consumers are spending this holiday season

Grocery is the #1 holiday purchase! Research shows where consumers are spending this holiday season

With all the hype and Black Friday campouts at Best Buys and Toys R Us, you'd guess that the majority of holiday shopping budgets go to purchases like electronics, toys and clothing. But according to new research, the biggest share what comes out of your holiday wallet actually goes to ... groceries and restaurants.

New data from Card-Linked Marketing leader Cardlytics -- collected from millions of U.S. households over the past two years -- shows what consumers actually spend their money on during the holiday season.  When it comes to holiday shopping Americans are spending 24% of their budget on groceries followed by restaurants and apparel.  Toy purchases are actually at the bottom of the list.

The Top 10 Share of Wallet (see link/attached for graphics and pie charts for 2011 and 2012 holiday spending):

1. Groceries - 24%

Publix sells PIX chain, including 2 stores in Georgia

ATLANTA -- Publix Super Markets Inc. will sell its convenience stores concept PIX, which includes two stores in Georgia.

Circle K Stores Inc. will buy 11 stores in Florida and two in Georgia (Perry and Alpharetta), while Max Arnold & Sons LLC will buy one in Tennessee. The sales price was not disclosed.

Publix said it will help the nearly 120 PIX employees find employment within Publix comparable to their current positions.

"We consistently evaluate our business, including the products and services we choose to offer our customers," said Publix CEO Ed Crenshaw, in a statement. "The sale of PIX locations gives us the ability to remain passionately focused on our core business, our customers and the products and services we offer within our grocery retail environment."

Publix started the PIX concept in 2001.

LittlePINKBook.com invites women to join conversation Nov. 12 with top female executives

LittlePINKBook.com invites women to join conversation Nov. 12 with top female executives

ATLANTA -- LittlePINKBook.com, America’s No. 1 digital platform for career women, will host its 9th Annual Fall Empowerment Event on Tuesday, Nov. 12. Top-level female executives will share their experiences with rising through the corporate ranks to an audience of like-minded, successful women motivated to get there.  

Executives on the panel will be asked questions from the event’s moderator, Carol Costello, anchor at CNN Newsroom, Little PINK Book’s CEO and Founding Editor Cynthia Good as well as attendees. Panelists include:

Atlanta's Fresh To Order listed among 'Hot Concepts'

ALPHARETTA, Ga. -- Fresh To Order, also known as f2o, is among a handful of restaurants named 2013 Hot Concepts!" by trade publication Nation's Restaurant News.

Restaurants that have received the award, include: The Cheesecake Factory, Capital Grille, P.F. Chang's China Bistro, and Del Frisco's Grille.

The magazine cited Fresh To Order's innovative menu, strong revenues and enduring consumer appeal as evidence of the concept's growth potential, according to a statement released by the restaurant.