STORE SPACES

Ikea teams with REC Solar to power up solar energy panels at store in Paramus, N.J.

BY Katherine Boccaccio

Paramus, N.J. — Ikea said Tuesday it has officially plugged in the solar energy system installed at its location in Paramus, N.J.

Ikea contracted with REC Solar for the development, design and installation of the customized solar power system. The 132,000-sq.-ft. PV array consists of a 1,063-kW system, built with 4,620 panels. It will produce approximately 1,359,100 kWh of clean electricity annually, the equivalent of reducing 1,033 tons of carbon dioxide, eliminating the emissions of 184 cars or powering 117 homes yearly.

Ikea owns and operates each of its solar PV energy systems atop its buildings – as opposed to a solar lease or power purchase agreement. The Paramus installation is the 17th completed solar energy project for the chain in the United States, with 20 more locations underway. The Swedish home furnishings retailer’s eventual U.S. solar presence will near 85% and generate 30.8 MW.


The 375,000-sq.-ft. Paramus store opened in July 2003.

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SUPPLY CHAIN

Office Depot joins consortium aimed at boosting economy through supply chain initiatives

BY Staff Writer

Boca Raton, Fla. — Office Depot said Tuesday it has joined Supplier Connection, a group of 15 large businesses committed to driving small business growth by simplifying access to their global supply chains.

Supplier Connection streamlines the application process for small businesses seeking to become suppliers to the group. Through the web-based portal, small businesses have the opportunity to present their goods and services to many large enterprises with the goal of winning contracts, expanding business and creating jobs.

In addition to its one-stop registration capabilities, the website enables small suppliers to learn from, collaborate with, and sell to each other so that they can become more competitive and successful in a bid with a large company.

“As an integral part of our diverse supply chain, it’s very important for Office Depot to help small businesses succeed,” said Brent Beabout, senior VP of supply chain for Office Depot.

The Supplier Connection program is maintained by IBM through a grant of more than $10 million from the IBM International Foundation. The program is free for both small and large businesses.

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FINANCE

Tuesday Morning sales fall in Q3

BY Staff Writer

Dallas — Tuesday Morning Corp. reported Tuesday that same-store sales for the quarter ended Mar. 31 dropped 3.2% on spending and traffic decreases.

According to the discount retailer, traffic dipped 1.8% for the third quarter and average tickets fell 1.4%. Total revenue edged down 1% to $172.7 million, compared with $174.3 million in the year-ago period.

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