STORE SPACES

Jamba Juice expands green initiatives

BY CSA STAFF

Emeryville, Calif. Jamba Juice unveiled Friday the newest elements within its evolving eco-sustainability strategy.

The healthy quick-service juice chain is preparing to test an electricity reduction project designed to cut energy usage at store locations by approximately 10%. The company also has two stores that are in the process of obtaining Leadership in Energy and Environmental Design certification.

Additionally, Jamba is preparing to introduce more environmentally friendly packaging for its products, including new cup carriers, oatmeal cups and lids, breakfast clear cups and lids, spoons and napkins that are all made from recycled material. Similarly, the chain has reduced the amount of corrugated cardboard used for bulk shipping, reduced labeling requirements and reduced freight, resulting in lower fuel emissions. The programs will affect the chain’s 731 locations.

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JCPenney beats April comps guidance, raises 1Q earnings outlook

BY CSA STAFF

PLANO, Texas JCPenney reported that comparable-store sales decreased 6.6% for the four weeks ended May 2, better than the company’s guidance for sales to decrease 9% to 12% and compared to a 1.7% decrease last year. Total sales in April decreased 5%.

Sales during the month benefited from the shift of Easter into the April reporting period this year, partially offset by the loss of one selling day. The top performing merchandise divisions during the month were women’s and children’s apparel, reflecting a strong customer response to the company’s spring apparel offerings. Fine jewelry experienced the weakest sales during the month. Geographically, the best performing region of the country was the Southwest, while the Central region experienced the weakest results.

Management’s guidance for the four-week period ending May 30, is for a 9% to 12% decrease in comparable-store sales, compared to a 4.4% decrease in last year’s May period.

Based on better-than-expected sales results in the April period, operational efficiencies achieved through process improvements and a consistent focus on expense control, management expects earnings for the first quarter to be in a range of 9 cents to 11 cents per share.

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Children’s Place sees increase in April, 1Q sales

BY CSA STAFF

SECAUCUS, N.J. The Children’s Place Retail Stores announced net sales of $135 million for the four-week period ended May 2, a 5% increase compared to net sales of $128.7 million for the four-week period ended May 3, 2008. Comparable-retail sales, which include online sales, increased 5% in April on top of a 17% increase for the same period last year. During April 2009, comparable-store sales increased 4% in the United States and declined 4% in Canada, and online sales increased 40%.

For the first quarter ended May 2, net sales increased slightly to $401.9 million. Comparable-retail sales, which include online sales, increased 1% during the first quarter of 2009 on top of a 6% increase during the first quarter of last year. For the first quarter of 2009, comparable-store sales declined 1% in the United States and declined 3% in Canada, and online sales increased 42%.

The company is estimating that earnings per share from continuing operations for the first quarter of 2009 will be in the range of 75 cents to 80 cents.

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