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New $2.5 million Sarah Kenan Kennedy Endowment Fund supports AADD

New $2.5 million Sarah Kenan Kennedy Endowment Fund supports AADD

DECATUR, Ga. -- All About Developmental Disabilities (AADD) has announced the establishment of the Sarah Kenan Kennedy Endowment Fund, a new $2.5 million gift to the nonprofit organization. The endowment will fund in perpetuity programs at AADD (www.aadd.org) for those individuals and families that do not have the financial resources to access services provided by AADD. It was created by Sarah’s husband, Jim Kennedy, chairman of Cox Enterprises, in honor of his wife’s volunteering and commitment to the organization.

The endowment is the largest ever gift to AADD, which provides support services, advocacy and training to Georgia families living with developmental disabilities.  Funds from the endowment will support services and programs to families who cannot afford services and do not have state funded waivers to purchase services.  In 2015 it will fund two full-time positions at AADD and help more than 500 families who live independently in the community.

RadioShack to close 1,100 stores

(USA TODAY) -- After reporting dismal fourth-quarter earnings, RadioShack said Tuesday that it would close about 1,100 poorly performing stores, roughly 20% of the electronic retailer's locations.

The store closings will leave about 4,000 locations in the U.S. The company has been struggling to revamp its stores for the past year.

Total net sales and operating revenues were $935.4 million in the fourth quarter, vs. $1,171.4 million last year, a 20% decline. Comparable store sales were down 19%, which the company blames on poor performance in its mobile phone business.

RadioShack stock was down more than 20% in premarket trading.

"Even in this environment, we're continuing to make progress on the five pillars of our turnaround plan: repositioning the brand, revamping the product assortment, reinvigorating the stores, operational efficiency and financial flexibility," CEO Joseph C. Magnacca said in a statement.

RadioShack to close 500 stores

(ATLANTA BUSINESS CHRONICLE) -- RadioShack scored big points with its comedic 1980s-themed Super Bowl ad that poked fun at the retailer's outdated image, but the mood was more somber on Tuesday when news broke that around 500 stores will close in the coming months.

WATCH | RadioShack Super Bowl ad

The Wall Street Journal says it isn't clear which of the Fort Worth, Texas-based company's 4,300 stores will be closed or when.

The closings are part of a restructuring. Says the WSJ, "The retailer has struggled to reverse a string of losses deepened by a sales strategy focused around smartphones, which failed to improve revenue over the past two years."

13 Ga. bars make 100 Best Bars list

13 Ga. bars make 100 Best Bars list

(ATLANTA BUSINESS CHRONICLE) -- Thirteen Georgia bars have made Southern Living magazine's list of 100 Best Bars in the South.

Says Southern Living, "We sipped our way through the South to compile a list of our 100 favorite Southern bars. From down-and-dirty dives to sleek and buzzy cocktail lounges, these spots are sure to liven up any Friday night."

Georgia bars on the list are:

* The National, Athens
* Normal Bar, Athens
* The World Famous, Athens
* Argosy, Atlanta
* The Brookhouse Pub, Atlanta
* H. Harper Station, Atlanta
* Monday Night Brewing, Atlanta
* One Flew South, Atlanta
* The St. Regis Bar, Atlanta
* Kimball House, Decatur
* Paper Plane, Decatur
* Pinkie Master's Lounge, Savannah
* The Sparetime, Savannah

Macy's to lay off 2,500 workers, close 5 stores nationally

Macy's to lay off 2,500 workers, close 5 stores nationally

NEW YORK -- Retailer Macy's will lay off approximately 2,500 workers as it restructures its business, it said Wednesday afternoon.

The layoffs and other cost-saving changes are expected to to generate savings of about $100 million beginning this year, the company said in a press release.

"We have identified some specific areas where we can improve our efficiency without compromising our effectiveness in serving the evolving needs of our customers," said CEO Terry Lundgren in that press release.

The retailer will close five Macy's stores in early spring 2014. The stores that will close are in Fiesta Mall, Mesa, Ariz.; Metcalf South Shopping Center, Overland Park, Kansas; Jamestown Mall, Florissant, Mo., Medley Centre, Irondequoit, N.Y.; and Fashion Place Mall, Murray, Utah.

It will also combine its Midwest Region with its North Region to create a new North Central Region.

Macy's has eight stores in metro Atlanta.

All About Developmental Disabilities honored by Home Depot Foundation

All About Developmental Disabilities honored by Home Depot Foundation

DECATUR, Ga. -- On November 19, All About Developmental Disabilities (AADD) was inducted into the Building Community Network Class of 2013 at The Home Depot Foundation and Georgia Center for Nonprofits’ annual Building Community Network Kick-Off Luncheon, held at Piedmont Park.

AADD (www.aadd.org) is an Atlanta-based nonprofit organization dedicated to creating lifelong support, education and opportunities for children, adults and families living with developmental disabilities.

Twenty Atlanta-area nonprofit organizations were invited to join this year. Each also received a surprise $20,000 donation from The Home Depot Foundation. AADD board president Lisa Blanco and AADD executive director Kathy Keeley were invited to join the class of 2013.

Sterling Risk Advisors’ Garret Lazenby named to Board of Directors of Transportation Club of Atlanta

Sterling Risk Advisors’ Garret Lazenby named to Board of Directors of Transportation Club of Atlanta

DECATUR, Ga. -- Garret Lazenby, a broker with Sterling Risk Advisors, has been named to the Board of Directors of the Transportation Club of Atlanta (TCA).  He will serve for a one-year term.

Lazenby helps lead the transportation, logistics, and supply chain practice for Sterling Risk Advisors.  His passion goes beyond the transportation, logistics, and supply chain industries to include a broad range of insurance solutions for professionals, general commercial business, and community associations.