STORE SPACES

Kohl’s named 2011 Energy Star Partner of the Year

BY CSA STAFF

Menomonee Falls, Wis. — Kohl’s Department Stores announced Tuesday that it will be recognized as a 2011 Energy Star Partner of the Year by the U.S. Environmental Protection Agency and the U.S. Department of Energy.

The award, Kohl’s second consecutive, will be presented Tuesday evening at the Energy Star Awards ceremony in Washington, D.C.

“Kohl’s continuously strives to reduce our greenhouse gas emissions and energy costs while maintaining a shopping environment that is comfortable for our customers," said Ken Bonning, executive VP store planning and logistics, Kohl’s.

According to Bonning, the department store chain has earned the Energy Star label in more than 50% of its stores by assessing and reducing energy. “That number of labeled locations continues to grow,” he said.

To date, Kohl’s has more than 600 Energy Star-labeled locations – more than any other department store. According to EPA, on average, commercial buildings that earn the Energy Star label use 35% less energy and generate one-third less carbon dioxide than similar buildings.

By making energy management a key focus in the company’s comprehensive sustainability strategy, Kohl’s saved enough energy in 2010 to power more than 11,500 average American households for one year. After improving energy efficiency by more than 20% across stores over the last four years, Kohl’s aims to increase energy efficiency by an additional 4% across its portfolio of stores in 2011.

Kohl’s said it has also taken steps to ensure that newly constructed buildings are more energy efficient by design. All newly constructed Kohl’s stores will pursue Designed to Earn the Energy Star designation with the intent of earning the Energy Star label once built. These stores are eligible to earn the Energy Star label after maintaining superior energy performance for one year in operation.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
REAL ESTATE

Walmart to anchor power center on 13.5 acres on Chicago’s South Side

BY CSA STAFF

Chicago — Jones Lang LaSalle said Monday that, on behalf of Monroe Investment Partners LLC, it has closed the sale of a 13.5-acre parcel on Chicago’s South Side to Walmart, which purchased the shovel-ready pad in the Chatham Market shopping center to build a 155,000-sq.-ft. supercenter.

This will be the first of six new full-scale stores Walmart has announced it plans to build in the City of Chicago.

Walmart has also leased an existing 10,000-sq.-ft. building at Chatham Market for a Walmart Express store — a convenience grocery concept that will also be the first of its kind in Chicago.

Chatham Market is a 450,000-sq.-ft. shopping center currently tenanted by Lowe’s Home Improvement, Potbelly’s Sandwich Shop, and an Aldi grocery store that is under construction and slated to open June 1.

Construction of the supercenter is expected to get underway by late-April and the store is scheduled to open by the end of 2011 or early 2012.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
FINANCE

Tuesday Morning sales edge up in Q3, to end year with up to 13 more stores

BY CSA STAFF

Dallas — Tuesday Morning Corp. reported Tuesday that sales for the quarter ended March 31 rose 1.3% to $174.3 million, compared with $172 million in the year-ago period.

Same-store sales edged up 0.7%, as traffic dipped 3.2% and average ticket increased 3.9%.

The retailer said it expects capital expenditures of $19 million and to end the fiscal year with 10 to 13 more stores than at the end of the previous year.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...