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Biz Buzz: kate spade outlet store to open in Napa

A kate spade outlet store will open at the Napa Premium Outlets, according to Napa city building permit records. 

The store will be located at the former Nine West Outlet, which closed earlier this year. That storefront is located near the center of the mall. It is 3,532 square feet in size. 

According to its website, kate spade new york has more than 140 retail shops and outlet stores across the U.S. and more than 175 shops internationally. Products by kate spade are sold in more than 450 "doors" worldwide, said the website. 

The closest other kate spade outlet is located in Vacaville. 

An opening date for the Napa kate spade outlet store has not yet been released. 

The Napa Premium Outlets are at 629 Factory Stores Drive. 


The Internet Marketer
Janet Peischel's The Internet Marketer: Reach millennials with a powerful online presence

Remember the baby boomers?

They were the big, proud, vocal generation who made things happen. A powerful force for creativity, innovation and change.

But the boomers are so over. They’re dying and running out of money; their purchasing power significantly diminished.

They’ve been replaced by the millennials, who are now the nation’s largest living generation.

Research suggests that millennials have an estimated $200 billion worth of spending power, but reaching this audience requires a different approach than what we used to reach the baby boomer market.

Millennials are more digitally connected than any group in history, and they expect a more personal relationship with the businesses they support.

  • An estimated 91 percent of millennials are regular Internet users. No surprise here—they’re connected 24/7.
  • Because millennials are so tied to their connected devices, some have begun referring to this demographic as Generation FOMO—Fear of Missing Out.
  • They use a combination of smartphones, tablets and laptops to access the web for everything—information, shopping, reinforcement, entertainment, news and social media.
  • Millennials don’t want to be told, they want to be spoken with, to make a personal connection. They want to know about the people with whom they’re going to be working.
  • Think immediate information delivery and impatience. Millennials have been raised on social media. They’ve been trained and have come to expect short answers with even shorter waiting times.
  • They’re skeptical. Millennials Google everything to check for accuracy.
  • They don’t do anything without validation, asking their friends’ opinions, relying on market research and reading reviews before purchasing.

A big misconception about millennials: they are young and immature

While the demographic still skews young, they are growing up and many now have children.

Remember that their tastes and needs will evolve, just as they have for the boomers and other generations. Staying on top of these changes is going to be important.

Another misconception: They avoid traditional media formats like TV and magazines

  • Magazines are reemerging among millennials as the preferred screen for beauty categories; the group views magazine reading as a luxury or reward.
  • It’s an oversimplification to suggest that millennials don’t watch TV. They are powerfully drawn to TV for big events, sports, premieres and finales.
  • Millennials are motivated by a desire to engage in social conversation (FOMO).

Reaching the millennial market: cause marketing

One way to reach millennials is by aligning your brand with a cause.

Millennials love social issues and are likely to select brands and products that support them. Think TOMS Shoes, for instance, which millennials love—buy a pair of the fun, comfy TOMS and they give a free pair of shoes to a needy child.

Most important, if you want to get the attention of millennials, you’ll need a multichannel online presence that is authentic and inspires trust.

If your online presence isn’t compatible with the needs of millennials, it may be time to update your website and integrate your messaging across your all of your online channels. This demographic is here to stay.

Trump Jr. partners with donor who pitched government

NEW YORK — Donald Trump Jr. has a previously undisclosed business relationship with a longtime hunting buddy who helped raise millions of dollars for his father’s 2016 presidential campaign and has had special access to top government officials since the election, records obtained by The Associated Press show.

The president’s eldest son and Texas hedge fund manager Gentry Beach have been involved in business deals together dating back to the mid-2000s and recently formed a company — Future Venture LLC — despite past claims by both men that they were just friends, according to previously unreported court records and other documents obtained by AP.

Beach last year met with top National Security Council officials to push a plan that would curb U.S. sanctions in Venezuela and open up business for U.S. companies in the oil-rich nation.

Ethics experts said their financial entanglements raised questions about whether Beach’s access to government officials and advocacy for policy changes were made possible by the president’s son’s influence — and could also benefit the Trump family’s bottom line.

“This feeds into the same concerns that we’ve had all along: The really fuzzy line between the presidency and the Trumps’ companies,” said Noah Bookbinder, who leads Citizens for Responsibility and Ethics in Washington, a public policy group. “Donald Trump Jr. sort of straddles that line all the time.”

Last February, just as Trump Sr. was settling into office, Beach and an Iraqi-American businessman met with top officials at the National Security Council to present their plan for lightening U.S. sanctions in Venezuela in exchange for opening business opportunities for U.S. companies, according to a former U.S. official with direct knowledge of the proposal.

Career foreign policy experts were instructed to take the meetings, first reported last April by the website, at the direction of the West Wing because Beach and the businessman were friends of Trump Jr., the official said.

The official, who spoke on condition of anonymity to discuss sensitive government work, said that inside the NSC lawyers raised red flags about the appropriateness of the meeting.

The U.S. didn’t act on the pitch, which would have gone against the president’s hard-line stance on the South American nation and its president, Nicolas Maduro.

Seven months after the Venezuela meetings, Beach attended a private lunch in Dallas between Interior Secretary Ryan Zinke and Republican donors, including businessmen with petroleum interests, according to a copy of Zinke’s schedule.

The Interior Department didn’t respond to a request for comment about the meetings. A White House official said Trump Jr. didn’t arrange Beach’s visit to the NSC and his proposal was dismissed.

In a statement, the Trump Organization said Trump Jr. has never played a role arranging meetings “with anyone at the White House or any other government agency.”

Alan Garten, the Trump Organization’s general counsel, acknowledged that Trump Jr. had invested with Beach in the past, but referred AP to a statement released by the company in April, which said their relationship was “strictly personal.”

In a statement provided by a friend, Beach said it was “absolutely not true” that he’d ever “used my longtime personal friendship with Donald Trump Jr.” to influence government decision making.

According to his friends, Beach, who has known Trump Jr. since they attended the University of Pennsylvania together in the late 1990s, developed his own relationships during the campaign and inauguration and doesn’t need Trump Jr. to broker introductions.

Beach was an avid fundraiser and campaigner for President Trump, particularly in Texas, where Trump Jr. told donors last March that Beach and another longtime hunting pal, Tom Hicks Jr., raised millions for his father’s campaign, according to the Dallas Morning News.

After the election, Beach served as a finance vice chairman for the inaugural committee and faced scrutiny after a nonprofit he started at the time advertised hunting and fishing trips with Trump Jr. and his brother, Eric, to million-dollar donors.

Last October, Beach incorporated a business called Future Venture LLC in Delaware without listing any Trump connection, signing himself as the entity’s agent.

But a disclosure report filed with New York City officials and obtained by AP via a public records request shows Trump Jr. is named as the president, secretary and treasurer of the company.

The purpose of the limited liability company could not be determined from the filings. The Trump Organization said it was set up to pursue technology investments.

Previously unreported court documents show that the two men, each a godfather to one of the other’s sons, did business together well before they formed Future Venture.

Real Estate in the Napa Valley
Burt Polson's Real Estate in the Napa Valley: 5 avoidable risks for commercial property owners - part 1

“I thought the only risk you had was making sure the rent check cleared the bank,” exclaimed Paula, a friend of mine who is considering investing in commercial real estate.

Jokingly, I had to explain that investors do not just sit back collecting rent checks each month. There are ongoing responsibilities an owner should perform during her ownership to not only ensure a happy tenant but also mitigate risk.

Here are the first of five avoidable risks:

1. Holding the wrong form of title

The time to think about how you should hold title to a property is during escrow.

Be sure to consult your attorney beforehand, but holding title as an individual could open the door to having your personal assets involved if a lawsuit were ever to arise.

A limited liability company (LLC) is one of the most common ways of holding title. If you own multiple properties, many investors go so far as having a separate LLC for each property. Separate LLCs in a way creates a shroud around each property making it difficult for a lawsuit to extend to the other properties and your personal property.

The downfall is that each LLC requires registration, which in California is $800 per year along with requiring filing a tax return for each along with other administrative duties.

A new form of title called a Series-LLC allows for an umbrella LLC to have a series of members, managers and assets under the umbrella LLC without the need to form additional entities. Series-LLCs offer the protection of individual LLCs without the additional administrative costs.

2. Not periodically evaluating your insurance

Avoid having your insurance on “autopilot.” Instead, plan on assessing annually with the help of your insurance broker.

Properties and tenants change over time. The replacement cost and market value of your property could substantially be different and could change over time.

It would be unfortunate to have a loss only to find you were under-insured or to find you have been over-insured and paying too much.

The use of the tenant could also affect your insurance coverage and cost. I have seen this occur on two different occasions, the first being an owner who had a retail space who leased to a church.

This change increased the occupancy load of the space, which is looked at differently for risk by the carrier adding more cost.

Then a client leased an office building to a medical clinic. The issue was not so much the medical use, but more of the type of medical being high-profile in the community and prone to potential grievances and conflict by others.

Also, any improvement to the property made by the owner or the tenant could increase the value and inherently require a change in the coverage.

A tenant could spend hundreds of thousands of dollars on interior improvements to their space, which could affect your insurance coverage.

In part 2 we will cover the three remaining risks, maintenance, safety and security and ADA (Americans with Disabilities Act) upgrades.