Albertsons, SunEdison activate solar-power systems at 3 stores
Fullerton, Calif. Albertsons a division of Supervalu, and SunEdison, North America’s largest solar-energy services provider and a subsidiary of MEMC Electronic Materials, Tuesday announced the activation of rooftop solar-power systems at three Albertsons grocery stores in Carlsbad, Oceanside and Alpine, Calif. The installations were constructed by channel partner REC Solar.
SunEdison financed the solar-power plants and will monitor and maintain the systems that will produce more than 12 million kilowatt hours (kWh) of energy over the next 20 years. The environmental attributes associated with the systems will offset more than 13 million pounds of carbon dioxide over the initial 20 years of operation — the equivalent of taking 1,300 cars off the road for the same period.
“We are delighted to align with SunEdison for the activation of these solar sites that required no upfront capital costs for Albertsons,” said Rick Crandall, director of environmental stewardship for Albertsons Southern California Division “The sites will allow us to continue making progress on our cost-saving measures and to support the use of clean energy as an alternative to the grid.”
Under the solar-power purchase agreement (SPPA) with SunEdison, Supervalu will purchase the energy produced to offset their demand from the grid for 20 years. The solar power plants are the first activated between Supervalu and SunEdison.
SunEdison worked closely with channel partner REC Solar, which has completed more than 35 commercial solar systems for national and local retailers, totaling 16MW in the past 24 months. Supervalu and SunEdison are investigating future deployment opportunities in other regions of the United States.
Home goods looking good, for some
The success one retailer has in a given category can oftentimes be an indicator of a rising tide lifting all boats, which is why results last week from Bed Bath & Beyond are of particular interest to Target. The home goods specialist said first-quarter sales for the period ended May 29 increased 13.5% to $1.9 billion and same-store sales increased 8.4%. Earnings per share surged 53% to 52 cents a share.
Target is a major player in the home category, and last year it said the home furnishings and decor category accounted for 19% of total sales of $63.4 billion. As defined by Target, the category includes furniture, lighting, kitchenware, small appliances, home decor, bed and bath, home improvement, automotive and such seasonal merchandise sas patio furniture and holiday decor.
A strong performance by Bed Bath & Beyond is either an indication that the overall category is looking up, despite some significant ongoing difficulties in the housing market, or simply an example of a well-positioned superior operator gaining share from competitors, one of whom is possibly Target. The company has certainly had mixed things to say about the home category during the three month period that overlaps with Bed Bath & Beyond’s first quarter. For example, In May, comps in home were down slightly with a low single digit increase in the decorative home category and softness in housewares. In April, comps were moderately better than the total company decline of 5.9% and were led by a low single digit increase in the decorative home category with the softest performance in seasonal categories. In March, comps in home increased in the mid-to-upper single-digit range with the strongest results in the seasonal categories and weaker performance in housewares.
Former Ace director dies at 89
Gregg Ziegler, the past director and vice chairman of Ace Hardware Corp.’s board of directors, was laid to rest last week. He was 89.
The World War II veteran joined the family business, Ziegler’s Ace Hardware, after graduating from college in 1947. He was the recipient of the 1983 Illinois Retail Merchants Association’s Retailer of the Year. Today, Ziegler’s Ace operates 11 locations in Illinois.
According to his obituary in the Chicago Tribune, Ziegler was also an accomplished driver who set the NASCAR record for the Flying Mile event at Daytona Beach in 1960.