FINANCE

Grupo Gigante seeks to buy remaining stake of Office Depot’s Mexican unit

BY Staff Writer

New York — Grupo Gigante wants buy the 50% stake in the Mexican unit of Office Depot that it does not already own.

The Mexican retailer on Thursday said it has offered 8.78 billion pesos ($687.34 million) to buy the stake, Reuters reported.

In March, Gigante entered into a joint venture with Petco Animal Supplies to open at least 50 stores in Mexico and other Latin American countries over seven years.

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Feb-22-2013 04:29 am

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Feb-22-2013 04:29 am

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News

Lenovo laptop tops in efficiency

BY CSA STAFF

WASHINGTON — The Lenovo ThinkPad T430s topped TopTen USA’s list for energy-efficiency.

The nonprofit group, appaluded he fact that the laptopuses only 7.4 kilowatt hours of electricity in a year of typical use. The average comparable model uses 28 kWh per year—almost 4 times the energy. On average, TopTen-listed laptops use about half (48%) the energy of comparable models.

"Computers using minimal amounts of power can do everything their inefficient competition can do—and in many cases, they do it better," says Norman Dean , TopTen USA’s president. "So choosing an inefficient model is just pouring money down the drain and greenhouse gasses into the atmosphere."

Along with the Lenovo and multiple entries from Apple, including its popular Retina Display laptops, TopTen’s rankings included models from ASUS, HP, Dell, Samsung and others. And that gamer’s special? The MSi GX60. For more information, including complete methodology, visit toptenusa.org.

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REAL ESTATE

CSA conference debuts real estate track; Container Store, Starbucks, Macy’s among retail speakers

BY Katherine Boccaccio

New York — The SPECS conference, presented each year by Chain Store Age, will debut a real estate track as part of the 49th annual event. Held in Dallas from March 17 to March 20 at the Hilton Anatole, SPECS will feature real estate workshops designed toward educating and informing the retail development executives who attend the SPECS conference.

On Monday, March 18, from 9:15 a.m. to 10:30 a.m., Andy Graiser will host a session on optimizing a real estate portfolio. Turnaround specialist Graiser, who is co-president of A&G Realty Partners, will be joined by Jon Graub, Executive VP of Real Estate for Charming Shoppes, to discuss the acquisition by Ascena and the subsequent decision to shutter the Fashion Bug chain. The presenters will also discuss trends in portfolio optimization and ways the right-size the retail ship.

Also on Monday, from 2:15 p.m. to 3:15 p.m., Forest City’s Emerick Corsi and Macy’s Harry Koehler will discuss “Making Mixed-Use Developments Work for You.” Corsi, who is president of Forest City Real Estate Services, and Koehler, who is operating VP – Site Planning & Traffic for Macy’s, will discuss the advantages and challenges to opening stores in mixed-use projects.

Completing the real estate track will be a 3:30 p.m.-4:30 p.m. session on Monday: “Smaller Stores, Bigger Markets – the Advantages and Obstacles to Urban Growth.” Chain Store Age columnist and president/CEO of Jeff Green Partners, Jeff Green, will moderate a weighty panel of retailers, including Valerie Richardson, VP Real Estate, The Container Store; Kim Williams, Store Development Director, South Central, for Starbucks; and Lisa Burbey, Real Estate Manager for Chipotle. The team will outline their own experiences in urban settings, as well as provide tips for downtown success.

To view the full program and register for SPECS, visit www.specsshow.com.

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Feb-22-2013 03:06 am

Draco Design's new Draco 5 aluminum bumper case for Apple Inc.'s http://www.chinagadgetland.com/iphone-5-case-c-150_247_255.html features curved lines that resemble a ribbon wrapped around a smart phone. The product, which is made from high CNC milled aircraft grade aluminum, is manufactured using a 5-axis CNC milling machine. A quick look into the packaging shows a stylish casing. This review was made in order to examine the product's usability and other key features.

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