OPERATIONS

Delhaize banners earn Energy Star award

BY Staff Writer

Salisbury, N.C. — Delhaize’s Food Lion, Harveys and Reid’s chains have earned their 12th consecutive Energy Star award from the U.S. Environmental Protection Agency.

"We are honored to receive this Energy Partner of the Year Sustained Excellence award for the twelfth year and are committed to increasing energy efficiency in our stores," Susan Sollenberger, director of energy, maintenance and equipment purchasing at Delhaize America South. "Food Lion, Harveys and Reid’s remain dedicated to environmental stewardship and are proud to continue to lead the way with energy conservation initiatives."

"EPA is recognizing Food Lion, Harveys, and Reid’s for earning EPA’s highest Energy Star award – the 2013 Partner of the Year Sustained Excellence Award," said Bob Perciasepe, acting administrator, U.S. Environmental Protection Agency. "The companies lead the field with their commitment to energy efficiency and demonstrates how all Americans can save energy, save money, and create a healthier environment."

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S.Gacho says:
Mar-26-2013 10:21 am

A lot of business minded
A lot of business minded people nowadays are staring a business related to food. They believe that no food business will never click because its the basic need of the people. - Michael Courouleau

S.Gacho says:
Mar-26-2013 10:21 am

A lot of business minded people nowadays are staring a business related to food. They believe that no food business will never click because its the basic need of the people. - Michael Courouleau

buangsila001 says:
Mar-20-2013 11:46 pm

They really have the
They really have the Corporate Social Responsibility I think, that is why they have gained many awards. They re not only thinking for profit but also they are for the environment.

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FINANCE

Williams-Sonoma Q4 income up 9%, topping expectations

BY Marianne Wilson

San Francisco — Williams-Sonoma Inc.’s fourth-quarter net income rose a better-than-expected 9%, helped by strong online sales, gains at its West Elm brand and the benefit of an extra week in the period.

The company also said it is increasing its quarterly cash dividend by 41% to 31 cents per share, and announced plans to buy back up to $750 million of its shares over the next three years.

Williams-Sonoma earned $133.7 million for the quarter ended Feb. 3, compared to net income of $122.6 million a year ago. Total revenue jumped to $1.41 billion from $1.27 billion. Sales in its direct-to-consumer business, which includes catalog and e-commerce, surged 19.3%.

“Today’s announcements reflect the power of our multichannel, multi-brand operating model and confirm our confidence in the growth potential and cash-generating ability of our brands as we look forward to 2013 and beyond. We finished 2012 above our expectations, and our strategies for 2013 are strong. We are pleased that we are able to significantly escalate our commitment to return excess cash to stockholders through a balanced program of share repurchases and dividend increases,” said Laura Alber, president and CEO.

For the first quarter of 2013, the company expects net revenues to be in the range of $850 million to $870 million. Comparable brand revenue growth in the first quarter is expected to be in the range of 4% to 6%.

Williams-Sonoma also said the Williams-Sonoma brand president, Richard Harvey, is leaving the company after 30 years. Janet Hayes, president of Pottery Barn Kids and PBteen, replaced Harvey, effective March 20.

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buangsila001 says:
Mar-20-2013 04:50 pm

It is another good news to
It is another good news to hear. Increasing profit quarterly means that the business is really doing good. - Carmack Moving and Storage

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OPERATIONS

Bi-Lo names president

BY Staff Writer

Jacksonville, Fla. — Anthea Jones has assumed the role of president at Bi-Lo. He will continue to serve as SVP operations.

Jones comes to the position from the Bi-Lo side of the recent merger between regional supermarkets Bi-Lo and Winn-Dixie. He signed on with Bi-Lo in 1999 after 17 years at Food Lion. He also is the immediate past board chairman for the Global Market Development Center.

Jones succeeds Michael Byars in the position. Randall Onstead continues as president and CEO of the combined company, Bi-Lo Holdings.

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buangsila001 says:
Mar-20-2013 11:47 pm

Congratulations for getting
Congratulations for getting the position, I know she will do a great job. Knowing her background it is really good. - Carmack Moving and Storage

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