STORE SPACES

Fresh & Easy to install solar systems on nine Arizona stores

BY CSA STAFF

El Segundo, Calif. — Fresh & Easy Neighborhood Market has announced a partnership with REC Solar, a leading solar electric system provider in the United States, to install roof-mount solar systems on nine stores in Arizona. The installation of the systems will begin in March 2011.

The combined 410 kW of installed solar systems will produce an estimated 620,000 kilowatt-hours (kWh) annually, the equivalent of reducing 22 million lbs. of CO2 emissions — or removing 28 million car-driven miles — over the next 25 years.

Fresh & Easy has invested in one of California’s largest solar roof installations on its distribution center in Riverside, Calif. The installation, which is more than 500,000 sq. ft., currently produces about one-fifth of the energy for the entire facility. Fresh & Easy’s website features a live reporting feed from the solar installation at the distribution center, reporting in real time the performance of the panel (http://freshandeasy.com/GreenBuilding

“With the success of our solar panel installation on our distribution center, we’re confident these systems on our stores will help cut down on energy costs even further,” said Tim Mason, Fresh & Easy CEO.

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 ...
FINANCE

Borders disappoints in Q3

BY CSA STAFF

Ann Arbor, Mich. — Borders Group posted sales of $470.9 million for its third quarter ended Oct. 30, a decrease of 17.6% from the same period a year ago. Same-store sales declined by 12.6%.

The company posted a loss from continuing operations in the third quarter of $74.4 million, versus a loss $37.7 million a year ago.

“Our third quarter results reflect the business challenges facing Borders and the industry at large,” said Mike Edwards, CEO, Borders. “While we are disappointed with third quarter results, my management team and I continue to vigorously address these challenges and our commitment to winning at retail is stronger than ever.”

Edwards noted that the Borders Rewards Plus program has generated more than $11 million in membership revenue since launching just 100 days ago. He added that members shop more frequently and have a higher-than-average ticket driven by significantly higher units per transaction.

“In terms of other successes, we’ve also made substantial improvements to our stores, expanding the Kids section in 51 locations to drive further sales increases in our Kids Toys and Games category, which is outpacing most other areas of the business,” Edwards said. “We recently completed the addition of Area-e digital shops to stores to position Borders as a destination for all things eReading.”

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 ...
FINANCE

Supervalu to sell logistic control unit to Ryder System

BY CSA STAFF

New York City — Supervalu has reached an agreement to sell its Total Logistic Control subsidiary to Ryder System for an undisclosed amount.

The subsidiary provides logistics and supply chain management solutions to manage distribution, warehouse and transportation operations for food, drink and packaged-goods companies.

Ryder, the buyer, said it expects the acquisition to add about $250 million in annual revenue to its supply chain solutions business segment. Ryder said it expects the deal to help its bottom line in 2011, excluding transaction costs. The sale, subject to closing conditions and regulatory approvals, is expected to close on Dec. 31.

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 ...