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|Articles - July 2010|
|Friday, June 25, 2010|
Family entertainment centers around the state are booming as families continue to staycate this summer.
“A lot of people with the economy being tough right now are staying closer to home, but are tired of sitting around. This is why sales are up this year,” says Wynn Malikowski, personnel manager at Bend-based Sun Mountain Fun Center. Family centers offer sport lounges, high-tech virtual golf systems, Wii setups, bumper boats and classic games.
Big Al’s, based in Vancouver, Wash., is adding a second location in Beaverton this August. Wilsonville Family Fun Center is seeing a rise in sales. Sun Mountain Fun Center says their profits are up following a $2.5 million remodel two years ago, and Portland’s Electric Castles Wunderland is looking to add a sixth location.
Suppliers are riding the coattails of entertainment center profits as well. Specialty Coin Products of Portland, a game retailer, says its profits are up 15% to 20% over last year. Salem-based J&J Amusements, a bumper car and bumper boat manufacturer, also reports sales are up to family centers.
“I have heard from top operators in high-end [family entertainment centers] that they have never made so much money before,” says Fred Groh, managing editor of International Bowling Industry. Over the past nine years, the state says wages for the Oregon amusement and arcade industry have increased by $600,000 and employment has grown by about 60 jobs, though no new centers have opened.
“This year is better than last,” says Keith Putnam, operations manager at Electric Castles Wunderland. “We have our eyes open for a place to expand.”
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Historically, when the leaves fall, so do the markets. This year, earnings, Europe, energy and Ebola have in common? Beyond alliteration, they are four factors that the investors are pointing to for this year’s seasonal volatility.
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BY KIM MOORE
A conversation about higher education with the presidents of the University of Oregon and Clackamas Community College, followed by September's powerlist.
Thursday, September 25, 2014
BY LORI TOBIAS
Business has been good to Laura Anderson, leading some to suggest she must be awfully lucky to find such success in a business notorious for failure. But luck’s had little to do with it.
Tuesday, August 26, 2014
BY JON BELL
Startup culture is all the rage. Is there a downside?
Wednesday, August 27, 2014
BY LINDA BAKER
Dr. Chong Fang isn’t God. But the assistant professor of chemistry at Oregon State University is getting closer to figuring out how he put everything together.
Friday, September 19, 2014
BY TOM COX | OB BLOGGER
How can you tell if you, a peer, a subordinate or a job candidate has the emotional intelligence needed to do well?
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