Teradata: Teradata, Dayton, Ohio, introduced the Teradata 5500 Server. The unit, which can scale up to 4 petabytes, uses 75% less energy but upholds the same server performance of previous generations of Teradata servers. The new configuration also reduces associated data cooling and power-delivery infrastructure costs. Since it seamlessly coexists with multiple generations of Tera-data servers, retailers can protect and leverage existing technology investments.www.teradata.com
Hewlett-Packard Co. (HP): The HP rp5700 Business Desktop PC, from Hewlett-Packard Co., Palo Alto, Calif., achieved “gold” status from the Electronic Products Environmental Assessment Tool (EPEAT), a solution that ranks computer desktops, laptops and monitors based on their environmental attributes. Built with 95% recyclable components and a tool-less chassis design that can be quickly disassembled by hand, the system and packaging is easier to recycle. The system’s components are made with at least 10% post-consumer recycled plastics, and the outer packaging contains approximately 25% post-consumer recycled cardboard. The rp5700 also uses an 80% efficient power supply that is up to 15% more efficient than standard power supplies. This reduces overall energy usage and the amount of waste heat released into the environment, according to HP.www.hp.com
Datalogic Scanning Inc.: Eugene, Ore.-based Datalogic Scanning Inc., formerly PSC Inc., introduced the Magellan 8400 scanner. The newest addition to the Magellan family of point-of-sale barcode scanners features fewer components and reduced power consumption, and better protection from dust and debris. Consuming only 7 watts of power, the unit provides 77% lower energy costs and contributes to a cleaner environment. Like all units in the Magellan line, the new scanner also features OmegaTek Productivity technology based on Data-logic’s signal-processing chip which is designed to accurately read barcodes.www.scanning.datalogic.com
Winn-Dixie team honored for turnaround
JACKSONVILLE, Fla. The team that lead Winn-Dixie Stores’ successful turnaround initiative is being honored by the Turnaround Management Association for the best ‘Mega Company Turnaround’ for 2007. Comprised of financial experts from The Blackstone Group, Skadden, Arps, Slate, Meagher & Flom and Smith Hulsey & Busey, the team helped Winn-Dixie regain the market share and profits it started to lose in the mid 1990s and early 2000s to competitors Publix and Wal-Mart.
Winn-Dixie filed for Chapter 11 bankruptcy in early 2005 after reporting year-to-date losses of $552.8 million or $3.93 per share of common stock and a decline of 4.9% in identical-store sales in its second fiscal quarter over the same period in 2004.
Despite the difficulty of achieving a succesful turnaround, Winn-Dixie began its reorganization effort, while still continuing to operate its core business and preserving jobs. According to the Turnaround Management Association, it created new common stock for five classes of unsecured creditors, with recoveries ranging from about 96% to 53%. The company emerged from bankruptcy on Nov. 21, 2006.
For its fiscal year ended June 27, Winn-Dixie reported adjusted EBITDA of $85.9 million compared to a loss of $27.8 million last year and an identical-store sales increase of 1.6%
Sears ends deal with maternity retailer
PHILADELPHIA Sears and Mothers Work, the world’s leading maternity apparel retailer, will not be renewing their agreement, Mothers Work announced today. Under their current agreement, Mothers Works operates the maternity apparel department in 502 Sears stores through the sale of its Two Hearts Maternity branded merchandise.
Mothers Work said it expects its partnership with Sears to end on June 20, 2008, when it current deal with the company is expected to expire.
Rebecca Matthias, president and ceo of Mothers Work, noted, “While we are disappointed about the end of our relationship with Sears, we feel the decision not to proceed with a renewal is in the best interest of our stockholders since we were unable to reach terms on a renewal which would be favorable for Mothers Work and our stockholders. “