Name: HERE CHARLOTTE
Address: Charlotte, North Carolina, 28202, United States
Price range: $$

Wells Fargo new food hall showcasing open kitchen design and seating

Business News

Wells Fargo Unveils New Food Hall in Charlotte

News Summary Wells Fargo has transformed its Customer Information Center in Charlotte, featuring a brand-new food hall with seven stations, renovated auditoriums, and new amenities. The expansive 20,000 square foot space encourages employee collaboration and offers a coworking vibe, countering remote work challenges. With a commitment to enhance workplace culture, the bank’s $500 million investment aims to elevate employee experience and foster a supportive environment amidst changing work habits post-pandemic.

March 14, 2025 No Comments

Graph representing financial growth and earnings report

Business News

Paymentus Holdings Reports Strong Q4 Earnings in Charlotte

News Summary Paymentus Holdings Inc. has announced impressive fourth-quarter earnings for 2023, reporting net income of $13.1 million, driven by a significant revenue increase. Their annual revenue rose to $871.7 million, indicating robust growth and future forecasts suggest further increases. This marks a remarkable turnaround, especially after experiencing losses in 2022. The company’s shares rose 20% following the announcement, indicating strong investor confidence in Paymentus’s business model and future plans.

March 11, 2025 No Comments

Charlotte skyline with symbols of economy and trade

Automotive

Charlotte Faces Economic Shifts as Trump’s Tariffs Take Center Stage

News Summary Charlotte residents are confronting significant economic changes due to new tariffs imposed by the administration. With stock market volatility and price increases on everyday goods looming, local consumers and businesses are bracing for impact. While some experts foresee potential job growth from domestic industry shifts, the immediate effects include rising costs and a complex economic landscape. It’s essential for residents to stay informed and adapt to these changes

March 5, 2025 No Comments

Diverse small business owners in Charlotte expressing community support.

Business News

Charlotte Business Owners Face Uncertain Times

News Summary Small business owners in Charlotte express deep concerns regarding potential cuts to federal funding that are vital to their survival and growth. Many entrepreneurs rely on these funds, with stories highlighting the struggles and reliance on federal support. The ongoing uncertainties pose a threat to the vibrancy of the local economy, leaving owners navigating a challenging landscape as they advocate for essential funding and community support. Charlotte Business

March 1, 2025 No Comments

Investors concerned over JELD-WEN financial losses

Business News

JELD-WEN Reports Major Losses in Fourth Quarter

News Summary JELD-WEN Holding, Inc. has reported a substantial loss of $68.4 million in its fourth quarter, leading to a share drop of 27%. Despite a revenue surpassing expectations, the company’s future outlook has turned bleak due to rising costs and anticipated declines in volume for 2024. Strategic closures and optimizations are in place to combat these challenges. Investors and analysts alike are keeping a close watch on JELD-WEN’s adjustments

February 18, 2025 No Comments

Corporate office building symbolizing merger in manufacturing industry

Business News

Columbus McKinnon Announces $2.7 Billion Acquisition of Kito Crosby

News Summary Columbus McKinnon Corporation is set to acquire Kito Crosby Limited for $2.7 billion, a significant move aimed to strengthen its foothold in the lifting and securement industry. Headquartered in Charlotte, Columbus McKinnon aims to close the deal by year-end, pending regulatory approval. The acquisition could enhance annual revenue and yield substantial cost savings, though the stock price has taken a hit post-announcement. This merger is expected to expand

February 12, 2025 No Comments

Picture of Sunseeker Resort with beach and palm trees

Business News

Allegiant Travel Co. Sells Majority Stake in Sunseeker Resort

News Summary Allegiant Travel Co. is set to sell a majority stake in Sunseeker Resort in Charlotte Harbor, a move aimed at addressing financial struggles since its launch in December 2023. Despite initial setbacks from the COVID pandemic and hurricanes, the resort is engaged in community events and seeks new investors to enhance its performance and overall value. With occupancy rates only reaching 54% in its first year, Allegiant hopes

February 5, 2025 No Comments

Eastway Square Shopping Center in Charlotte, NC

Business News

Westwood Financial Acquires Eastway Square in Charlotte

News Summary Westwood Financial has acquired the Eastway Square Shopping Center in Charlotte, boosting its retail presence in the booming Sunbelt region. The shopping center, located at the intersection of Eastway Drive and Central Avenue, spans over 130,156 square feet and features anchor tenant Food Lion, along with various popular retailers. With a growing local population and an average household income exceeding $112,000, Eastway Square is set to serve the

February 5, 2025 No Comments

Business News

200 North College Building in Uptown Charlotte Sold for $32.7 Million

News Summary The sale of the 200 North College building in Uptown Charlotte for $32.7 million marks a significant change in the property’s fortunes, following a steep decline from a previous valuation of $133 million. Once home to a business school, the building has struggled with high vacancy rates since Bank of America relocated, leading to the owner’s default on a commercial loan. New owners have plans for redevelopment that

January 28, 2025 No Comments

Charlotte entrepreneurs discussing business strategies with social media marketing tools.

Business News

Potential TikTok Ban Raises Economic Concerns for Charlotte Businesses

News Summary As discussions of a TikTok ban intensify, businesses and influencers in Charlotte fear the economic repercussions. Local entrepreneurs credit the platform for skyrocketing sales and visibility. Legislators are calling for investigations into TikTok’s role in small business marketing. The potential loss could reach $1.3 billion in the first month alone, leading many to rethink their marketing strategies. With uncertainties growing, the future of Charlotte’s small business scene hangs

January 28, 2025 No Comments

Category: Finance