Briefly.
Byline: The Register-GuardEugene-Springfield ranked 85th in list of metro performance
Eugene-Springfield has made its way onto another list, but this time it isn't anywhere near the top.
The Milken Institute, in its annual ranking of the nation's 200 best-performing big metro areas, placed Eugene-Springfield 85th. The California-based group's list measures where jobs are being created, economies are growing and businesses are thriving.
Portland/Vancouver ranked 141, and Salem ranked 133. The top metro area nationwide was Fayetteville, Ark., followed by Las Vegas, Nev. Gary, Ind., ranked last.
The best-performing cities weren't overly dependent on high-tech industries, and had stable employers such as hospitals and government, the survey found.
Among the 96 small cities surveyed, Medford ranked 31st. The top was Iowa City, Iowa.
For more information, visit www.milkeninstitute.org.
Meier & Frank cuts five jobs
in Eugene as chain lowers costs
Meier & Frank has cut five jobs, including two-full time positions, at its department store in Eugene as part of a companywide move to reduce costs.
On Wednesday, Meier & Frank owner May Department Stores Co. announced that it laid off 1,500 workers throughout its 447-store chain, which also includes Lord & Taylor and Filene's.
REGION
Elmer's chain cooks up
slightly improved profits
PORTLAND - Elmer's Restaurants Inc. profits and revenues were up slightly in its most recent quarter compared with a year earlier.
The Portland-based chain, with majority shareholders from Eugene, reported net income of $286,000 on sales of $7.6 million in the quarter ended March 31, up from a profit of $252,000 on sales of $7.4 million in the year-earlier period. Earnings per share rose to 14 cents, from 12 cents.
Total annual profit hit $1.56 million, or 76 cents a share, in the fiscal year ended March 31, compared to $1.07 million, or 52 cents per share, a year earlier. Total revenues of $31.9 million were $1.8 million lower than a year ago because of fewer company-owned eateries.
A franchised Elmer's is under construction in Coeur d'Alene, Idaho. and supposed to open in July. A company-owned Elmer's is scheduled for construction in west Portland, pending completion of a land purchase. A franchise outlet is under development in Corvallis, and expected to open by year end.
Elmer's has 35 restaurants in Oregon and four other states, and 13 delis in Oregon.
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| Title Annotation: | METRO; Business |
|---|---|
| Publication: | The Register-Guard (Eugene, OR) |
| Geographic Code: | 1USA |
| Date: | Jun 27, 2003 |
| Words: | 390 |
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