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Fresh & Easy to Enter South Los Angeles

BY CSA STAFF

El Segundo, Calif. Construction has begun on the newest Fresh & Easy store, located on East Adams Boulevard in South Los Angeles. The store is part of a mixed-use development project, the company said. The store will operate on the ground floor of the building, and encompass 19,000 sq. ft. of retail space. The building will also feature 80 apartments built three levels above the store.

Fresh & Easy currently operates 63 stores across Southern California, Nevada and Arizona, including 11 in Los Angeles County. Earlier this year, the company opened a store in the City of Compton, Calif., confirming Fresh & Easy’s commitment to open in all different types of neighborhoods, including those that have been traditionally underserved.

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Wal-Mart, WWF team up to protect forests

BY CSA STAFF

WASHINGTON & BENTONVILLE, Ark. Wal-Mart Stores joined the Global Forest & Trade Network, the World Wildlife Fund’s initiative to save the world’s most valuable and threatened forests. By joining the GFTN, Wal-Mart has committed to phasing out illegal and unwanted wood sources from its supply chain and increasing its proportion of wood products originating from credibly certified sources–for Wal-Mart stores and Sam’s Clubs in the United States.

With nearly half of the worlds forests already gone, action is urgently needed, said Suzanne Apple, WWFs vp for business and industry. Wal-Marts commitment to support responsible forestry answers that call to action. WWF welcomes the company to a global community committed to healthy business and healthy forests. 

The United States is the largest consumer of industrial timber, pulp and paper in the world. The United States is also among the top destinations for imports of wood from areas where illegal logging and trade are common, such as Indonesia, China and Brazil. Thus, the U.S. market is critical to protecting forests worldwide. Wal-Marts commitment includes the importation and sale of all wood-based products with an initial focus on wood-based furniture. Wal-Mart sources furniture from the Amazon, Russian Far East, northern China, Indonesia and the Mekong region of southeast Asia. These areas include some of the most biologically diverse places on earth, places that WWF is working to protect.

Within one year, Wal-Mart will complete an assessment of where its wood furniture is coming from and whether the wood is legal and well-managed. Once the assessment is completed, Wal-Mart has committed to eliminating wood from illegal and unknown sources within five years. The company will also eliminate wood from forests that are of critical importance due to their environmental, socio-economic, biodiversity or landscape values and that arent well-managed.

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Michaels names Crowley new cfo

BY CSA STAFF

IRVING, Texas Michaels Stores has announced that Elaine D. Crowley has been named evp and cfo of the company, effective Aug. 18.

Crowley was most recently senior vp, cfo and treasurer for The Bombay Co. During her 18-year tenure with Bombay, she had direct responsibility for accounting and control, financial planning and analysis, tax, loss prevention, risk management, internal audit, SEC reporting, investor relations and treasury. She also initiated processes to strengthen sales and financial forecasts, expense control, inventory management and cash flow to respond to changing financial needs of the business. Crowley is a CPA with a B.B.A. in accounting from Texas Christian University.

“As the largest retailer of arts and crafts in North America, I believe that Michaels has tremendous opportunities ahead as it continues to expand its global sourcing network and increase market share,” noted Crowley. “I am looking forward to joining the Michaels team and to contributing to its future success.”

“We are very excited to have a chief financial officer with Elaine’s background and experience join our team,” said Michaels ceo Brian C. Cornell. “In addition to her financial acumen, her understanding of supply chain, sourcing, and extensive retail experience make her a great fit for Michaels.”

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