STORE SPACES

Fresh & Easy powers up REC solar panels at 11 stores

BY Staff Writer

Phoenix — Fresh & Easy Neighborhood Market said Thursday it has turned on 11 rooftop solar installations in Phoenix and Los Angeles. The panels, installed by REC Solar, will provide 536 kW of power and supply 20% of each store’s energy needs.

REC Solar installed roof-mounted solar systems on 10 stores throughout the greater Phoenix metro area, including stores in Chandler, Gilbert, Mesa and Avondale, Ariz. The Fresh & Easy in the Glassell Park neighborhood of Los Angeles also features a solar system. The systems feature REC Peak Energy Series Panels, from global solar panel manufacturing leader, REC Group.

In addition to the panels, the stores features an in-store display that reports real-time solar energy production at the store while explaining how solar systems work to store customers. On average, Fresh & Easy stores use 30% less energy than a typical supermarket. Fresh & Easy has also worked to reduce emissions and has the most currently certified stores through the EPA’s GreenChill program, according to the company.

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FINANCE

Brown Shoe swings to loss in Q2

BY Staff Writer

St. Louis — Brown Shoe Co., parent to the Famous Footwear chain, reported Thursday a loss of $4.6 million for the second quarter, compared with a profit of $5.3 million in the year-ago period.

Sales increased 7.2% to $628.1 million, from $585.8 million.

The company said Thursday it will sell its AND 1 sports and lifestyle brand to Galaxy International for $55 million cash. The brand was part of the $145 million American Sporting Goods acquisition completed earlier this year. It was the addition of ASG that boosted the second-quarter sales by 7.2%.

Famous Footwear reported a year-over-year decline in second quarter net sales of 7%. Same-store sales in the division edged up 0.2%. During the quarter, the company closed eight underperforming Famous Footwear stores and added 12 new stores.

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FINANCE

Shoe Carnival profit drops in Q2, on track to open 13 net new stores

BY Staff Writer

Evansville, Ind. — Shoe Carnival reported Thursday that net income for the quarter ended July 30 dropped to $2.7 million from $4.1 million in the year-ago period. Sales edged up 0.8% to $166.7 million, and same-store sales dipped 1.1%.

The shoe retailer said it expects to open 17 new stores and close four stores in fiscal 2011.

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