FINANCE

Founding family to take American Greetings private

BY Katherine Boccaccio

Cleveland — American Greetings Corp. said Monday that the founding Weiss family has reached a deal to acquire the gift cards and party goods company for about $878 million.

The transaction is expected to close in July, and “returns the company to private ownership in a way that we believe enables the company to continue to serve the interests of its customers, employees, suppliers and the communities in which it operates as it has for over a century," said Jeffrey Weiss, president and COO.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
OPERATIONS

Walgreens expanding solar energy initiative to 22 stores in Colorado

BY Marianne Wilson

Aurora, Col. — Walgreens has expanded its renewable energy initiative to Colorado. Clean-energy provider SolarCity announced it will implement solar systems at 22 Walgreens stores across 14 different cities in Colorado in the coming months, with the first installation completed in Aurora.

“A strong commitment to the local community is one of our company’s core values,” said Menno Enters, director of energy and sustainability at Walgreens. “SolarCity is helping us contribute to the health of the local communities we operate in by providing us with clean energy as well as contributing to the local economy in Colorado.”

Walgreens began implementing solar in 2007 at many of its retail stores across the country. The new rollout in Colorado brings the chain closer to reaching the U.S. Department of Energy’s Better Buildings Challenge. As a participant in the initiative, the company has committed to reducing its energy use by 20% by the year 2020 across 125 million sq. ft. of its retail floor space.

Walgreens ranked as the second leading retailer in the United States in utilization of renewable energy at its stores, according to Solar Energy Industries Association. The new solar systems cumulatively will reduce more than 47.5 million pounds of carbon dioxide emissions over the next 20 years, which is comparable to planting 25,711 trees.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Publix supports March of Dimes with cutout campaign

BY CSA STAFF

MAITLAND, Fla. — Publix Super Markets is supporting the March of Dimees with a new fundraising campaign taking place April 6 through the 27.

The cutout campaign coincides with March for Babies, the March of Dimes signature event, which occurs on April 27 in most areas. Associates will sell the cutouts at the checkout and ask customers to sign their name or the name of a baby they love, creating an impressive in-store display.

“Our customers and associates have trusted us to support organizations and programs that make a difference in the communities in which we live and work,” said Maria Brous, Publix director of media and community relations. “We are passionate about the health and wellness of our customers and supporting healthier moms and babies is an extension of who we are. We are proud of our partnership with March of Dimes and thankful for the research and advocacy they are able to provide our communities and beyond.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...