NEW YORK ( TheStreet) -- Happy New Year! What's happening in small business today?
1. Patrick Dempsey isn't just McDreamy, he's also an entrepreneur. The 46-year-old actor, first made famous by his role in the 1987 movie "Can't Buy Me Love" but known more recently by that of Dr. Derek "McDreamy" Sheperd on ABC's "Grey's Anatomy," is expanding into coffee. Dempsey's company, Global Baristas, has apparently made the preliminary winning bid in a bankruptcy court for Tully's Coffee, a coffee chain located in Seattle, according to the Associated Press.
Global Baristas will pay $9.15 million for Tully's Coffee, which has 47 locations in Washington and California and 500 employees. Dempsey's company apparently won the bid even with heavy hitters like Starbucks (SBUX) vying for the company's assets.
"Seattle has been very good to me over my career, and I am honored to have the privilege to own Tully's and work closely with the company's employees," Dempsey said in a statement.2. By 2020, the world will have 1 billion entrepreneurs. What will be different about them? It will be women leading the way, says Startup America Partnership. Check out this cool infographic showcasing the dominance of women entrepreneurs created by Funders and Founders. 3. American shopping malls are dying. Fashion and retail-oriented entrepreneurs looking to start a business need only need to look at Bonobos, J. Hilburn and Warby Parker for some unofficial market research on where retail trends are heading -- and they are heading to one specific place: online. North Carolina upstart ActivewearUSA.com understands where retail is heading. Founder Avi Woolman sees opportunity to sell quality women's fitness clothing brands via the Web. It's a trend that will "undoubtedly continue," according to The Daily Beast. "There clearly will be fewer new offline retailers to take the space vacated by the disappearing brick-and-mortar chains, further pressuring malls," The Daily Beast says. But these online brands are also experimenting with offline stores -- with a twist. Bonobos and Warby Parker, for example, have built showrooms in their New York offices, the blog says. Customers can try on articles of clothing but purchased items are fulfilled through warehouses. Inventory is not stocked on site. -- Written by Laurie Kulikowski in New York. Follow @LKulikowski To contact Laurie Kulikowski, send an email to: Laurie.Kulikowski@thestreet.com. >To submit a news tip, email: firstname.lastname@example.org.
Follow TheStreet on Twitter and become a fan on Facebook.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV