STORE SPACES

Costco international exec says chain looking to open stores in Europe

BY Katherine Boccaccio

Issaquah, Wash. — Costco Wholesale Corp.’s international executive VP James Murphy said Thursday that the warehouse club operator is pursuing a European expansion program.

Murphy told Bloomberg that Costco is “interested in investing in the obvious four — Germany, Italy, France and Spain.” The company hasn’t decided which country would debut first and will probably open a store in the region “in the next couple of years,” Murphy said in the Bloomberg interview.

As real estate rates downwardly shift, Murphy said that Costco seems some opportunity, although weakened demand and austerity measures are concerns.

Turkey is another market that Costco is considering, Murphy said.

Earlier this month, the retailer announced it would buy out its Mexican joint-venture partner for $765 million, and that it would be better positioned to expand the 32-store base in Mexico.

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A.Khan says:
Feb-04-2013 09:03 pm

We need more fair housing enforcement simply for the sake of preparing our increasingly diverse children to be competitive in the world of the future that lies ahead of them. tomygirl

A.Khan says:
Feb-04-2013 09:03 pm

We need more fair housing enforcement simply for the sake of preparing our increasingly diverse children to be competitive in the world of the future that lies ahead of them. tomygirl

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STORE SPACES

Me-Ality fitting rooms to launch at select CBL malls

BY Katherine Boccaccio

Chattanooga, Tenn. — Mall owner CBL & Associates Properties announced Wednesday the launch of Me-Ality — a size-matching station for mall shoppers — at nine CBL malls across the United States.

Me-Ality — Measured Reality — size-matching stations offer a revolutionary new technology that enables shoppers to find their best fit, with its free, fully-clothed, 10-second body scan. The free Me-Ality scan identifies the fit, style, design and cut that best match an individual’s measurements. The process recommends the best sizes to buy and where to purchase the items at the mall.

“We think our shoppers will enjoy the service and find it a very useful tool to shop for clothes with ease,” said Jim Ward, senior director of brand development for CBL.

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STORE SPACES

Kohl’s powers up solar initiative with 30 new locations in 2012

BY Staff Writer

Menomonee Falls, Wis. — Kohl’s Department Stores is strengthening its commitment to renewable energy, by increasing its solar program by nearly 25% in 2012, installing solar panels at approximately 30 additional Kohl’s locations.

While some of the new solar sites will be in states such as California, Connecticut and Maryland — where Kohl’s already has a solar presence — additional sites will be located in new solar states for Kohl’s, including Massachusetts, New York and Ohio. On average, the solar panels will supply 20% to 50% of each store’s energy. Construction of the solar panel arrays on the first phase of stores began this spring. Once the installations are complete by the end of 2012, Kohl’s expects to have more than 150 solar locations across 13 states.

“After adding 20 solar locations in 2011, we’re pleased to continue growing our solar program in 2012,” said John Worthington, Kohl’s chief administrative officer. “Not only do our solar locations provide an immediate cost savings to Kohl’s, they serve as examples of our environmental commitment in action. As a national retailer with more than 1,100 stores, we consistently challenge ourselves to find new ways to reduce the operational footprint of our facilities, to be more energy efficient, use fewer resources and be a good neighbor in the communities where we do business.”

Kohl’s launched its solar program in 2007 with the installation of solar panels at its Laguna Niguel, Calif., store. The company has continued to expand the program to additional locations over the last five years where it is feasible and provides a cost savings. Currently, Kohl’s is one of the largest single hosts of solar electricity in North America and has more than 120 solar locations, including its Milwaukee photo studio and San Bernardino, Claif., distribution center – the company’s largest solar panel array.

With the completion of Kohl’s 30 new locations, the company’s portfolio of solar sites will produce more than 74.2 million kWh of energy annually – equivalent to preventing greenhouse gas emissions from 10,032 passenger vehicles or the carbon dioxide emissions from the electricity use of 6,380 homes for a year.

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