Local Data

Location & Expansion Log

Diverse companies – from startups to multinational corporations – continue to relocate and expand existing operations in the Charleston region.

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Downsizing

2010

Hagemeyer North America

December 1, 2010

Electrical/industrial/safety equipment, tools and products distribution

Layoff affecting 12 jobs

Saks Fifth Avenue

May 18, 2010

Upscale retailer

Saks Fifth Avenue announced it will close its 33,000 square feet store in the 225,000-square-foot mixed-use Majestic Square development in downtown Charleston July 17 after 15 years, affecting approximately 60 jobs. Saks is also closing stores in Portland, Oregon, and San Diego, California, "consistent with our focus of utilizing our resources in our most productive stores" according to Saks chairman and CEO.

Carolina Nurseries

April 25, 2010

Distribution of agricultural products

Though spring sales have been good, company president J. Guy said a drastic slump in sales last year (2009) during the steep recession hurt the 686-acre facility. A total of 335 positions will be affected if the company closes in June 2010. The firm's management is still trying to secure alternative financing.

SC State Ports Authority

March 12, 2010

State ports operator

Due to the global economic slowdown, the ports authority chose to cut 17 positions.

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