RANDOM NOTES: Dockers San Francisco has opened its first stand-alone U.S. locations, in Tampa, Fla., and San Francisco (three additional units are set to open this fall). Every element of the design is intended to reflect the brand’s San Francisco-inspired style and eco-friendly sensibility. The interiors evoke a residential feeling, with warm lighting and photography of San Francisco. Designed by Gensler, San Francisco, the stores incorporate sustainable natural materials, such as reclaimed teak from demolished buildings and redwood reclaimed from wine-storage tanks. All of the furniture, paint and adhesives were selected with a goal of improving indoor air quality. Many of the materials used in the stores’ design and construction are GREEN-GUARD-certified for their low chemical emissions. For more Dockers photos, visit Picture This on chainstoreage.com.… Meijer is seeking LEED (Leadership in Energy and Environmental Design) certification for its store in Allen Park, Mich. Built on a former landfill, the facility features a light-colored, highly reflective roof surface, wood products certified by the Forest Stewardship Council, high-efficiency light fixtures, advanced HVAC systems and sinks and toilets designed for water efficiency. A large storm pond around the store allows storm water from the roof and parking areas to be absorbed into the soil, filtering pollution. Meijer plans to incorporate many of the green practices used in Allen Park to the new locations—12 in total—it plans to open in 2007 and 2008.… Chase has opened its first “green” bank branch, in Denver. Constructed under LEED guidelines, it will be followed by four similar units, one in Colorado and three in Texas. Among the green building practices are paints with low volatile organic compounds (VOCs), specially sealed ductwork, state-of-the-art plumbing, recycled-material carpet and ceiling tiles and bamboo flooring.
PERSONNEL UPDATES: Teresa Burrelsman has joined Callison, Seattle, as its sustainability program leader. She previously was a senior green building consultant at Paladino & Co.
DESIGN COMPETITION: Chain Store Age is accepting entries for its annual Retail Store of the Year design competition (see page 100), which includes a new category honoring environmental sustainability. Visit chainstoreage.com (click on “A Call for Entries”), or contact Marianne Wilson at 212-756-5261 ([email protected]).
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. “