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Family Dollar Targets Energy Management

BY CSA STAFF

Matthews, N.C. Family Dollar Stores Inc. has hired Integrys Energy Services to provide energy-management consulting services for its 6,000-plus stores nationwide, according to Charlotte Business Journal.

Under the agreement, Integrys will focus on strategies to mitigate volatility, reduce costs and manage energy sourcing.

The company also will provide invoicing and utility-data management services.

Financial terms weren’t disclosed.

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Staples to offer no-return DVD rentals

BY CSA STAFF

FRAMINGHAM, Mass. Staples, according to reports, is offering a new service that allows customers to rent DVDs at its stores without having to return them.

Starting in mid June, customers will be able to rent a limited selection of titles, which are on Flexplay DVDs that automatically erases the content after 48 hourse from opening the inner package. Customers can recycle the DVDs with other plastics.

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Linens ‘N Things approved for DIP financing

BY CSA STAFF

CLIFTON, N.J. Linens ‘N Things reported that the United States Bankruptcy Court for the District of Delaware entered a final order approving the company’s $700 million Debtor-in-Possession (DIP) financing by General Electric Capital. The approval, granted during a Wednesday, May 28 hearing before Judge Christopher Sontchi, provides LNT with access to the capital necessary to meet its ongoing obligations during the restructuring process.

We are pleased with the Courts approval of our financing as it is an important step in our restructuring efforts, said Michael Gries, chief restructuring officer and interim ceo. It reinforces our commitment to the vendor community and to providing our guests with the assortment of merchandise and quality of service they have come to expect from Linens ‘N Things. 

Linens ‘N Things filed to reorganize under Chapter 11 on May 2 in the United States Bankruptcy Court for the District of Delaware. Interim approval of the DIP financing was granted on the same day.

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