Best Buy joins climate change group
Minneapolis Best Buy has joined Business for Innovative Climate and Energy Policy, or BICEP, a group of green-minded corporations that advocate stronger climate-change policies, greater energy efficiency and more development of renewable energy.
The group was founded in 2008 by Nike, Starbucks, Levi Strauss, Sun Microsystems and Timberland. Among its nine founding principles: setting short-term and long-term greenhouse-gas reduction targets, adopting a national renewable energy standard, establishing a cap-and-trade system for greenhouse emissions and restricting construction of coal-fired plants to only those that capture and store carbon dioxide, the buildup of which is believed to cause global warming.
Zale returns to profit in Q2
DALLAS Zale Corp. announced that for the second fiscal quarter ended Jan. 31, it had net earnings of $6.7 million, or 21 cents per share, compared with a net loss of $31.8 million, or $1.00 per share, in the comparable period in fiscal 2009.
Same-store sales during the second fiscal quarter decreased 11.2%, compared with a decrease of 18.1% during the 2009 period.
“We have made progress year over year in gross margin, expenses, earnings per share and inventory levels,” commented Theo Killion, president and interim CEO. “Our direct competitors have demonstrated that the market for mid-tier jewelers has stabilized. It is critical that we focus on retail fundamentals and the core diamond business while we leverage our brand equity, capabilities and personnel to improve top line volumes,” added Killion.
Fresh & Easy opens in South L.A.
SOUTH LOS ANGELES, Calif. Fresh & Easy has opened its first store in South Los Angeles on the corner of Central & Adams at 1025 E. Adams Blvd. According to the company, the store was one of the first sites identified by the grocer over two years ago and is the centerpiece of an impressive new mixed-use development with affordable housing units and additional retail space.
Mary Kasper, VP and general counsel for Fresh & Easy Neighborhood Market, said, “We’re opening stores in all types of neighborhoods because we fundamentally believe everyone regardless of where they live deserves access to quality, fresh food at affordable prices. We’re also proud to bring more quality jobs to the neighborhood, particularly in this economy.”