STORE SPACES

Kohl’s expands electrical vehicle charging station program to 18 more stores

BY Marianne Wilson

Menomonee Falls, Wis. — Kohl’s Department Stores will expand its electric vehicle charging station initiative with 36 new stations across 18 additional Kohl’s locations by the end of fall 2012.

The expansion spans three new states, including Illinois, Indiana, and Wisconsin, and adds additional locations to the company’s Texas EV program. With the expansion, Kohl’s shoppers will be able to take advantage of a total of 101 charging stations at 52 Kohl’s locations across 14 states. Each of the participating Kohl’s locations will have two or three parking spaces reserved for EV drivers to charge at no cost while they shop.

“Since Kohl’s EV charging station initiative began in December 2011, it has received extremely positive feedback from our customers who are excited about the added convenience,” said John Worthington, Kohl’s chief administrative officer. “From our solar program to our green building efforts, Kohl’s has been pleased to be able to grow sustainability programs that make sense for our business, customers and communities – and our EV program is one more great example.”

To maximize the number of participating Kohl’s locations, the retailer partners with Duke Energy, ChargePoint and ECOtality Inc.

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M.Foley says:
Apr-11-2013 02:26 am

Hybrid cars are out and
Hybrid cars are out and electric cars are in. Hybrid car is a combination of a gas and electric power car designed to save the driver the gas money, which one has to shell out at least once a week without a choice vehicle repairs cornwall

M.Foley says:
Apr-11-2013 02:26 am

Hybrid cars are out and electric cars are in. Hybrid car is a combination of a gas and electric power car designed to save the driver the gas money, which one has to shell out at least once a week without a choice vehicle repairs cornwall

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FINANCE

GE Capitol is co-collateral agent on $1.65 billion credit facility for Supervalu

BY Staff Writer

Norwalk, Conn. — GE Capital, Corporate Retail Finance announced it is co-collateral agent on a $1.65 billion asset-based credit facility for Supervalu Inc.

The loan will be used for working capital needs and to refinance existing debt. GE Capital Markets served as joint lead arranger and joint bookrunner.

“This financing will provide Supervalu with more financial flexibility as we execute our business turnaround.” said Sherry Smith, executive VP and CFO of Supervalu.

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News

Rite Aid comps increase 0.4% in August

BY CSA STAFF

CAMP HILL, Pa. — Rite Aid posted a 0.4% increase in same-store sales for the month of August, the retail pharmacy operator said Wednesday.

The increase included a 2.4% increase in front-end comps and a 0.6% decrease in pharmacy comps. Total store sales for the five-week period that ended Saturday were roughly $2.41 billion, a 0.4% decrease from last year’s $2.414 billion. Same-store prescription count increased by 4.5%.

For the 13 weeks that ended Saturday, comps were flat, compared with the same period last year, including a 1.4% increase in front-end comps and a 0.7% decrease in pharmacy comps. Total store sales decreased 0.7%, to $6.21 billion, compared with $6.25 billion last year. Same-store prescription count increased by 4%.

For the 26-week period ended Saturday, comps increased by 1.2%, including a 2% increase in front-end comps and a 0.8% increase in pharmacy comps. Total store sales increased by 0.5%, to $12.646 billion, compared with $12.581 billion last year. Same-store prescription count increased by 3.5%.

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