Flat population, more competition spells trouble for restaurants
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Net income down at Deckers Outdoor
Deckers Outdoor, a footwear and apparel company based in Goleta, declared $41.03 million in net income for its third quarter 2017, ended Dec. 31, down more than 73 percent from the third quarter of 2016. For the first nine months of its fiscal year, the company earned $21.41 million, down from $145.97 million for the Read More →
American Riviera Bank’s net income soared in 2016
Santa Barbara-based American Riviera Bank reported net income of $4.1 million in 2016, or 94 cents per share, up from $1.3 million in 2015, or 48 cents per share, as the acquisition of The Bank of Santa Barbara has paid dividends, the company said. The all-stock transaction, completed in January 2016, created a combined institution Read More →
UCSB forecast predicts ‘new normal’ for water conservation
A mid-year forecast by the UC Santa Barbara Economic Forecast Project illustrated a “new normal” for water conservation measures but uncertainty for the economy in the wake of the election. Demand has fallen below 10,000 acre feet of water for the Goleta Water District after mandated conservation requirements. While not sustainable in the long term, Read More →
InTouch Health to celebrate opening of Goleta headquarters
Telehealth developer InTouch Health will celebrate the grand opening of its new corporate headquarters at 7402 Hollister Ave. in Goleta on Jan. 31. The new facility includes an advanced technology “innovation center” that showcases medical care delivery solutions via robotics and cloud-based networks. InTouch created the world’s first robotic telehealth system shortly after its founding Read More →
Community West Bancshares income down for fourth quarter but up for 2016
Community West Bancshares, parent company of Goleta-based Community West Bank, reported net income of $1.3 million in the fourth quarter of 2016, or 16 cents per diluted share, down from $1.9 million in the fourth quarter last year. While net income was down for the quarter, it reached $5.2 million in 2016, up from $2.9 Read More →
America’s Tire to be built on $3.25 million Goleta parcel
A 35,000-square-foot vacant parcel at 151 S. Fairview Ave. in Goleta was sold for $3.25 million with plans to build an America’s Tire. It is one of the few parcels of vacant, developable land in Goleta where a variety of hotels and housing and commercial projects are in the works. It will fit nicely into Read More →
