Diverse companies – from startups to multinational corporations – continue to relocate and expand existing operations in the Charleston region.
Hagemeyer North America
December 1, 2010
Electrical/industrial/safety equipment, tools and products distribution
Layoff affecting 12 jobs
Saks Fifth Avenue
May 18, 2010
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.
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.