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|Articles - October 2013|
|Monday, September 30, 2013|
Page 1 of 3
BY JONATHAN FROCHTZWAJG
Soda Shaq, the new line of cream sodas from Shaquille O’Neal and iced tea maker AriZona, is a health nut’s nightmare. Each Shaq-emblazoned, 23.5-ounce can contains 72 grams of sugar — the equivalent of 17 teaspoons. In health-conscious Portland, one would think the sodas, sold primarily through retail partner 7-Eleven, would go over like a lead balloon. But one month after the product release this summer, Portland sales weren’t just good — the city’s 7-Eleven stores were selling more Soda Shaqs per location each day than any other store group in the country.
To hear the New York Times tell it, Portland is a foodie’s land of (organic) milk and (local) honey where every denizen shops at a co-op, tends a garden and contemplates buying a goat. Evidently, though, more than a few of us don’t fit into that paradisaical portrait; instead, we patronize 7-Eleven and sneak swigs of sugary soda. There is a disconnect here, and perhaps nowhere is this gap more visible than through the lens of that ubiquitous peddler of instant gratification: the convenience store.
Nationally, the convenience store industry is a powerhouse. The 149,000 “c-stores” in the United States handle 160 million transactions per day. They grossed sales of $700 billion in 2012 — more than either grocery stores or restaurants. Both the number of stores and total sales increased, albeit modestly, last year.
Despite the state’s slow-food reputation, Oregon’s c-store industry is no exception to national trends. Our store count went up every year between 2009 and 2012, and our homegrown chain, Plaid Pantry, was among the 5,000 fastest-growing private companies in the country last year, according to Inc. magazine. As the media portrays us — and as we collectively see ourselves — Portlanders wouldn’t be caught dead at a convenience store. The status of Oregon’s c-store industry, its strengths and the hurdles ahead, however, complicate the Portlandia picture.
Despite strong performance in Oregon and around the country, the c-store sector faces several challenges. Health consciousness is rising. Gas profits are falling. More and more businesses are encroaching on c-stores’ primary proposition, selling convenience in the form of a self-checkout stand or an express espresso. Though it may be an unexpected source for convenience store innovation, our idiosyncratic state offers the industry some distinctly Oregon solutions.
Wednesday, August 20, 2014
By Kim Moore | OB Editor
The 2015 survey launched this week. It is open to for-profit private and public companies that have at least 15 full- or part-time employees in Oregon.
Wednesday, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Tuesday, August 19, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Steve Balzac, author of "Organizational Psychology for Managers."
Monday, August 18, 2014
Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.
Tuesday, July 08, 2014
BY LINDA BAKER | OB EDITOR
The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment.
Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.
Friday, August 15, 2014
In this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.
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Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Fifty-one Lane Powell lawyers were recently selected by their peers for inclusion in The Best Lawyers in America® (Best Lawyers) 2015; of those selected, 23 lawyers are from the Firm’s office in Portland, Oregon.
Barran Liebman is proud to announce that Andrew Schpak, a Partner of the firm, has been named Chair of the American Bar Association’s Young Lawyers Division for the 2014-2015 bar year.
Vanessa Sturgeon and Miller Nash LLP were selected as leaders in encouraging female advancement.