Hibbett to open nine stores in October
Birmingham, Ala. — Hibbett Sports announced plans to open nine stores in October.
The locations are in Pine Bluff, Ark.; Louisville, Ky.; Ada and Grove, Okla.; Aiken, S.C.; Giddings and Nacogdoches, Texas; Grundy, Va.; and Hartford, Wis.
Report: BJ’s reduces LBO loan
New York City — BJ’s Wholesale Club reduced the size and increased the rate on $2.18 billion of loans backing its buyout by Leonard Green & Partners LLP and CVC Capital Partners, Bloomberg reported.
The retailer cut a first-lien piece by $50 million to $1.075 billion, the report said, citing a source who declined to be identified.
Walgreens begin solar installations at Ohio stores
Chicago — SoCore Energy has been chosen as the solar developer to assist Walgreens in completing one of the nation’s largest solar energy rollouts. Construction of the first 20 solar installations at Ohio-area Walgreens began earlier this month, at stores in Cincinnati.
SoCore Energy is under contract to provide 90 Ohio solar installations for Walgreens. The first 53 will be completed by Nov. 11, pushing Walgreens’ total number of solar sites to 136.
Walgreens will lease the arrays from SoCore for 10 years.
SoCore has chosen Power-One as its exclusive provider of inverters for the Walgreens projects. SolarWorld will supply high-performance solar panels for the Walgreens effort. Thousands of the company’s 240-watt crystalline silicon panels will supply a total of two megawatts of power to the retail giant.