Cutting Energy Use in Existing Assets
Maximizing energy usage in existing stores was among the issues highlighted in
“Up to 60% of these factors can be corrected remotely,” Nark said. “And the remainder require active maintenance dispatch.”
Nark told attendees that chains can make a commitment to the environment by focusing on existing stores and adopting sustainable energy-conservation practices. The greatest opportunity, he added, lies in optimizing the energy-related assets already in place.
West Marine: Joe Stern, facilities manager, West Marine, Watsonville, Calif., discussed how the boating supplies and accessories chain has integrated sustainability into its operations.
West Marine’s short-term goals include a 10% reduction in utility consumption in 2008. To achieve this, the company has implemented a number of measures, including the utilization of high-efficiency HVAC replacements and low-impact fixtures and equipment, and employee training. It also identified its worst-performing stores via an energy-efficiency profile.
Stern said that Prenova provides a number of energy-management-related services to West Marine, including utility-bill payment and audit and price-risk management. It also provides proactive diagnosis and real-time remediation of problems that may pop up.
West Marine’s conservation efforts are paying off, according to Stern.
“Our stores and support centers are operating at a lower cost with less impact on the environment,” he said.
Former Delhaize cfo joins Campbell
CAMDEN, N.J. Former Delhaize Group cfo, Craig Owens, has been named senior vp, cfo and chief administrative officer at Campbell Soup Company, effective Oct. 6.
Owens served as evp and cfo of Delhaize since 2001. Prior to Delhaize, Owens held several general management and senior financial positions with The Coca-Cola Company and various Coca-Cola bottlers from 1981 to 2001.
Owens said, “I am thrilled to be joining Campbell. I was attracted to the company by its portfolio of leading brands, excellent management team and strong culture of employee engagement. I look forward to working with a team of dedicated professionals and contributing to Campbell’s continued success.”
Sears Holdings renews Bank of America credit agreement
NEW YORK Sears Holdings has renewed a credit agreement with Bank of America for $5 million, according to a Reuters report. Bank of America had previously told Sears Holdings it would not renew the $1 billion pact under existing terms.
In an SEC filing Sears Holdings said that as of Aug. 2, $2 million in letters of credit were outstanding under the facility.
In the same filing the company said it also has a $4 billion credit agreement that expires in March 2010.