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Cooper Lighting Introduces Decorative High-Bay Luminaires

BY CSA STAFF

Peachtree City, Ga.-based Cooper Lighting has introduced the Lumark AVID, a new series of decorative high-bay luminaires featuring an aesthetically pleasing architectural design with a variety of optical choices and lamping options. Available in four scaled sizes, the series can offer one consistent look throughout an application from the general lighting of large open spaces to decorative accents over counters and retail displays.

The AVID offers a variety of optical choices including borosilicate glass lens, prismatic acrylic lens, high-performance aluminum reflector and an optional shroud. This complete optical offering delivers high efficiencies up to 96%.

The large range of lamping options including 20-400 watt metal halide, single and multi-lamp compact fluorescent, quartz halogen, and incandescent offers a high-performance solution.

AVID can be pendant-mounted or suspended by stainless-steel cables. Pendant-mounting design features an internal locking screw assuring security. Stainless-steel suspension mounting has two suspension cables with quick adjustment enabling the luminaire to be quickly leveled. Integrated into the mounting is an easy access compartment to quickly wire incoming supply leads.

Standard colors include white, grey, black, graphite metallic and dark platinum. RAL or custom-color matches also are available.

www.cooperlighting.com 

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Jo-Ann Stores reports 3Q sales increase, raises outlook

BY CSA STAFF

HUDSON, Ohio Jo-Ann Stores reported that net sales for the third quarter ended Nov. 1, were $480.1 million compared to $480.2 million in the prior year. Same-store sales decreased 1.5% versus a same-store sales increase of 2.4% last year.

The company said it expects to report slightly improved third quarter earnings compared to last years third quarter earnings of 32 cents per diluted share.

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Gap Inc. October comps down 16%

BY CSA STAFF

SAN FRANCISCO Gap Inc. reported net sales of $1.08 billion for the four-week period ended Nov. 1, a decrease of 12% as compared with net sales of $1.23 billion for the same period in 2007. Comparable-store sales decreased 16%, compared to an 8% decrease for October 2007.

Comps for Gap decreased 14%, Banana Republic saw a 17% comps drop, Old Navy posted comps of negative 20% and International comps came in at a 5% decrease.

“In October, we continued to deliver merchandise margins significantly above last year despite the tough market conditions,” said cfo Sabrina Simmons. “We are reaffirming our full-year earnings guidance and will continue to use inventory and cost management to offset what we anticipate will be a challenging holiday season.”

For the 13-week third quarter, total company net sales were $3.56 billion, a decrease of 8% from $3.85 billion in 2007. Comparable-store sales decreased 12%, compared with a decrease of 5% in the third quarter of the prior year.

Third-quarter comps fell 7% at Gap, 11% at Banana Republic, 18% at Old Navy and 1% internationally.

Gap Inc. expects diluted EPS on a GAAP basis for the third quarter to be 33 cents to 35 cents, compared with diluted EPS of 30 cents last year. The company reaffirmed that it expects full-year diluted EPS of $1.30 to $1.35 on a GAAP basis, compared with fiscal year 2007 diluted earnings per share of $1.05.

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