Daily business briefing: Cardinals' ticket costs average, according to study

June 25, 2013 

A new study finds that the St. Louis Cardinals rank near the middle of all Major League Baseball teams in ticket prices based on its home record and opponents' record.

The St. Louis Business Journal is citing a Marketwatch report about Texas-based ticket reseller TicketCity, which ranked all 30 teams based on median ticket price on the resale market, winning percentage and opponent's skill level. The Redbirds ranked about the middle, at No. 14, with a median ticket price of $33 and a winning percentage of .644. Read more at http://www.bizjournals.com/stlouis. ...

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Barnes & Noble reports its e-book reader the Nook continues to lose money. The nation's largest bookseller's losses doubled year over year from February to April quarter. Its net loss totaled $118.6 million, or $2.11 per share. That compares with a loss of $56.9 million, or $1.06 per share a year ago. Revenue fell 7 percent to $1.28 billion. To find out more, go to http://www.bnd.com/business. ...

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The story behind the dismissal of Men's Wearhouse founder George Zimmer is beginning to come to light. According to the company, Zimmer seemed to have difficulty "accepting the fact that Men's Wearhouse is a public company with an independent board of directors and that he has not been the chief executive officer for two years." Analysts have speculated Zimmer's sudden firing was the result of a behind-the-scenes power struggle. To learn more, go to http://www.bnd.com/business. ...

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Edwardsville toy store Happy Up will celebrate its grand opening Saturday. The business is the former Once Upon A Toy, which has been renamed Happy Up and has moved to Edwardsville Crossing after operating for years at 2460 Troy Road. The business is owned by Happy Up Inc., which also has store a in Clayton, Mo. and also owned the former LagoonaMagoo Toys in Fairview Heights, which closed last December. The Edwardsville toy store was facing closure last spring before an Internet-based campaign helped raise enough money to keep the business open. The grand opening is 10 a.m. to 3 p.m. Go to http://www.happyupinc.com to find out more.

-- Will Buss, BND business writer

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