Category Archives: Business

The Gap’s plan to close dozens of stores puts future of Wellesley Square shop into question

The Gap this week announced plans to close 175 stores in North America as part of a reorganization, and naturally it has us wondering if the Wellesley Square shop will survive. NECN, which was in Wellesley today to ask shoppers about their relationship with The Gap these days, says about a dozen of 69 New […]

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Wellesley car dealership establishes $5K scholarship award

The Wellesley Scholarship Foundation (WSF) has accepted a newly-established community scholarship award of $5,000 from family-owned Wellesley Toyota-Scion. The dealership was purchased in 1989 by Nai Nan Ko, Sr., who ran it with its wife, Julia Ko, before turning over management to son and daughter Nai Nan Ko, Jr., and Jessica Ko Beck. Nai Ko, Sr., and his wife were born in […]

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Wellesley’s Clio makes clear speakers but it was hard not to see this funding news

ClearView Audio, which moved last summer from Waltham to Wellesley’s Cedar Street, Monday announced it has received $1 million in new equity funding. The company plans to use the funds to expand retail distribution of its practically see-through Clio wireless speakers ($350) and for further product development. The company, formerly called Emo Labs, has rolled up some […]

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344 to shut its doors in Wellesley Square

344, the women’s clothing store at 68 Central St., in Wellesley Square, is closing its doors. A reliable Swellesley tipster told us this would be the case several weeks back, but our inquiry to the store’s “customer service” email address in mid-May went unanswered. The shop’s arrival in town must not have made a huge […]

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Homer Simpson might need to move to Wellesley if this is true

From today’s Wellesley Patch: 13 Dunkin’ Donuts in town? We do have quite a few, with locations in Lower Falls, Wellesley Square, Linden Square, Babson College and 2 on Rte. 9. But we’ve got some work to do to get up to 13…

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Babson College commencement speech: VC Kevin Colleran comes back from the brink

Here’s the transcript of the Babson College commencement speech delivered earlier this month by venture capitalist Kevin Colleran, an early Facebook employee and 2003 Babson alum who nearly lost his life in February after being struck by a bus in Boston while walking (for more, see Boston Globe profile). A video of the speech can be […]

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Wednesday night lights: Try out new AfterDark Flag Football gear at Babson

                If you’d like to try out some cool new light-up flag football gear from a recent Babson College MBA grad’s business, you can register for free to use it in an actual game at the school’s McDowell Field this Wednesday, May 27 from 7:30-10pm. AfterDark Technologies‘ gear […]

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Wellesley gets Aaa from tough grader Moody’s

Moody’s Investors Service has assigned a Aaa rating to the Town of Wellesley’s (MA) $52 million General Obligation Municipal Purpose Loan of 2015 Bonds and $14 million General Obligation Taxable Municipal Purpose Loan of 2015 Bonds as well as a MIG 1 rating to $4.1 million General Obligation Bond Anticipation Notes (dated June 15, 2015 […]

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