Carl’s Jr. to Open Green Flagship
Carpinteria, Calif. Carl’s Jr. said Tuesday that it will open an environmentally friendly flagship location where sustainability, conservation and energy efficiency will be measured and evaluated. Successful results will push the chain to expand similar green initiatives company-wide at both Carl’s Jr. and Hardee’s restaurants.
The new restaurant will feature ENERGY STAR-rated equipment; roofing material that is solar reflective and cuts heat absorption; a rainwater-reuse system; a smart-irrigation system to conserve water for landscape maintenance; and an energy-management system that controls temperature and lighting schedules.
The unit, which is constructed with low-emitting materials, will also feature LED parking lot lights, and a catalyst that converts charbroiler particulate into carbon dioxide and water. This will reduce smoke, odors and emissions.
Back from the brink
Shares of Target came close to falling below the $30 level last week for the first time since early December, after January’s sales results brought a sigh of relief from the market that had braced for the worst. The negative 3.3% same-store sales figure the company reported was actually a fairly solid showing given that consumer spending on discretionary products such as apparel and home furnishings has stalled.
News of the sales decline actually moved shares higher by $1.26 and they closed last Thursday at $32.29. The upward trend continued on Friday and extended through Monday when shares closed at $XX.XX, well above the 52-week low of $25.60 recorded on Nov. 19. Even so, shares of Target have a lot of ground to recover as they traded above $60 for most of 2007 and remained above $50 for most of 2008 until a late year free fall that resulted from the rapid deterioration in economic conditions.
Amazon.com unveils Amazon Kindle 2
SEATTLE Amazon.com introduced Amazon Kindle 2, the new reading device that offers Kindle’s revolutionary wireless delivery of content in a new slim design with longer battery life, faster page turns, over seven times more storage, sharper images, and a new read-to-me feature. Kindle 2 is purpose-built for reading with a high-resolution 6-inch electronic paper display that looks and reads like real paper, which lets users read for hours without the eyestrain caused by reading on a backlit display.
More than 230,000 books are now available in the Kindle Store, including 103 of 110 current New York Times Best Sellers and New Releases, which are typically $9.99. Top U.S. and international magazines and newspapers plus more than 1,200 different blogs are also available. Kindle 2 is available for pre-order starting today for $359 at http://amazon.com/kindle2 and will ship Feb. 24.
“Kindle 2 is everything customers tell us they love about the original Kindle, only thinner, faster, crisper, with longer battery life, and capable of holding hundreds more books. If you want, Kindle 2 will even read to you — something new we added that a book could never do,” said Jeff Bezos, Amazon.com Founder and CEO. “While we’re excited about Kindle 2, we know that great hardware is useless without vast selection. That’s why the Kindle Store offers customers over 230,000 books.”