FINANCE

Family Dollar securities suit dismissed

BY Dan Berthiaume

Matthews, N.C. – A lawsuit filed against Family Dollar by Pipefitters Local No. 636 alleging that Family Dollar violated federal securities laws has been voluntarily dismissed by the plaintiff. Family Dollar had petitioned to have the suit dismissed, but Pipefitters Local No. 636 abandoned its claims before the court made a ruling. Family Dollar said it did not pay any money or make any concessions in relation to the claim being dropped.

"We believed that the lawsuit was without merit, and we are pleased that the plaintiff agreed to dismiss the suit on its own without having to further waste the courts’ and Family Dollar’s resources to demonstrate that the case was baseless,” said James C. Snyder, Jr. SVP, general counsel and secretary of Family Dollar.

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News

Kroger aims for zero waste

BY CSA STAFF

Kroger is committing to moving its stores toward the EPA zero waste threshold of 90%, according to its seventh annual sustainability report.

Currently Kroger diverts 58% of its waste from stores and will increase that figure to 65% by the end of this year and 70% by the end of 2015. The retailer also is committing to sourcing 100% certified sustainable palm oil by the end of 2015.

Other highlights of the report include Kroger’s reduction of its carbon footprint by 4.8%, reducing overall energy consumption in stores by 32.7%, increasing its fleet efficiency by 33.1% since 2008 and staying on track to meet a goal of 40% improved fleet efficiency by 40% by 2014, donating the equivalent of 200 million meals to 80 local food banks in 2012, and providing $49 million to more than 30,000 schools and charitable organizations participating in its Community Rewards program.

"For 130 years, Kroger has aimed to serve each individual customer, every day, and to be good stewards of our communities and the environment," said David Dillon, Kroger’s chairman and CEO. "Our sustainability progress today is part of this proud heritage, thanks to more than 343,000 associates who are helping make each community we serve a better place to live."

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OPERATIONS

NRF asks for healthcare reform delay

BY Dan Berthiaume

Washington, D.C. – Neil Trautwein, VP and employee benefits policy counsel of the National Retail Federation, told a congressional panel today that retail and chain restaurant companies continue to have serious concerns about the Patient Protection and Affordable Care Act and remain worried by the quickly approaching deadlines for full healthcare reform implementation, anticipated for January 2014.

“Our nation — particularly employers — cannot afford for the ACA to stumble out of the starting gate,” Trautwein said in prepared testimony. “We fear that as time diminishes between now and January 2014, a cascade of additional last minute regulations will create added confusion and thus could encourage more employers to back out of coverage.”

Trautwein is scheduled to testify before a hearing of the U.S. House of Representatives Energy and Commerce Subcommittee on Oversight and Investigations on the “Challenges Facing America’s Businesses Under the Patient Protection and Affordable Care Act.” There he will present the NRF’s view that Congress should mitigate the potentially adverse impact of the ACA on retailers by redefining full-time coverage eligibility to 40 hours, and reiterate NRF’s call on Congress and the administration to delay ACA implementation for up to one year.

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