Kroger 4Q Profit Rises 36%
Cincinnati, Kroger Co. said Tuesday its fourth-quarter profit climbed 36% on strong sales growth. Quarterly earnings rose to $384.8 million from $282.1 million in the prior-year quarter. Revenue grew 15% to $16.86 billion from $14.72 billion a year ago. Comp-store sales grew 5.9% in the quarter, including fuel centers. Excluding the fuel centers, comp-store sales climbed 5.5%.
Wal-Mart Continues Sustainability Efforts
Bentonville, Ark., Wal-Mart released the results of its packaging scorecard at the second annual Sustainable Packaging Exposition Monday. The scorecard, which was launched this past February, is part of the company’s efforts to reduce waste in packaging and sustain resources. It evaluates Wal-Mart and Sam’s Club suppliers on the sustainability of their packaging and offers suggestions for improvement.
In the first month since the scorecard launched, 2,268 vendors have logged on to the site and 117 products have been entered into the system. Wal-Mart expects these numbers to dramatically increase in the coming year. The company hopes the success of the scorecard will help move the company toward a 5% reduction in packaging by 2013.
In its efforts to promote environmental sustainability in all of its products, Wal-Mart will implement a similar scorecard system for its consumer electronics suppliers. Beginning in 2008, suppliers will have the option of filling out the scorecard, enabling buyers to use that information for purchasing decisions.
Techstar Plastics Offers Step-Stand
Ontario, Canada –
Techstar Plastics, Inc. has developed the Model SS1 Step-Stand with extra-wide design for maximum stepping area. This industrial-strength step-stand is perfect for use in plants, warehouses, supermarkets, retail outlets and facilities seeking to maximize the use of overhead space and deep shelving. It features an extra-wide non-skid anti-slip surface and measures 28 in. by 20 in. (700 mm by 500 mm), with skid-resistant rubber feet that grip the floor to ensure maximum stability.
Molded from durable roto-molded LLDPE (linear low-density polyethylene), the Model SS1 Step-Stand weighs just 13 pounds (6 kg). Its four molded-in carry handles allow it to be lifted and moved with ease.
Model SS1 effectively gives the 5-ft. 3-in. person the same height advantage as the average 6-footer.
Maximum load capacity is 500 lbs., making it easily strong enough for the manual handling of any object. It is resistant to rust, chemicals and other workplace materials.