Business Briefly

Beaufort Redevelopment project to start next year

Myrtle Beach International Airport reports another record month in passenger numbers

Beaufort redevelopment project to begin next year

Construction on the long-anticipated Boundary Street redevelopment project in Beaufort should finally begin around the start of 2016, Beaufort county and city leaders said. More than a decade in the making, the now $33.6 million project is designed to create a “gateway to Beaufort” to reinvigorate new development along one of the city’s main corridors.

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▪ Dollar Tree reported Tuesday that thanks to its purchase of Matthews-based Family Dollar, quarterly sales were up more than 48 percent from a year ago. Despite the rise, the Virginia-based discount retailer’s second quarter revenue missed Wall Street expectations because total sales were still lower than analysts had expected. For the three months that ended Aug. 1, Dollar Tree reported sales of $3.01 billion, boosted by $811.6 million in sales from Family Dollar, according to a securities filing. Dollar Tree’s revenue figure was below the consensus estimate of $3.04 billion from analysts surveyed by Bloomberg.

▪ Ian Rogers, the music executive at Apple who stunned the industry last week with news of his departure, has revealed his new job: chief digital officer at LVMH, whose brands include Louis Vuitton and Moët & Chandon. Rogers, 43, was in charge of the radio portion of Apple’s new streaming service, Apple Music, which includes its online radio station, Beats 1.

▪ Myrtle Beach International Airport has logged another record month in passenger numbers. About 125,416 passengers flew into MYR in July, making it the airport’s busiest July ever and up nearly 10,000 passengers over July 2014, according to airport statistics. The previous July record was in 2011, when 124,762 passengers flew into airport. The airport also logged its busiest June and May this year as well.