STORE SPACES

LEED ’09 to include credits for regional environmental priorities

BY CSA STAFF

Washington, D.C. The U.S. Green Building Council has released the Leadership in Energy and Environmental Design regional credits as part of LEED 2009, the new version of the LEED Green Building Rating System. The regional LEED credits encourage that specific regional environmental priorities be addressed when it comes to the design, construction and operations of buildings in different geographic locations.

“Because environmental priorities differ among various regions of the country — the challenges in the Southeast differ from those in the Northwest, for example — regionally specific credits give LEED a way to directly respond to diverse, regionally grounded issues,” said Brendan Owens, VP technical development, USGBC. “The inclusion of these regional LEED credits is the Council’s first step toward addressing regional environmental issues.”

With the help of USGBC’s regional councils, chapters and affiliates, credits addressing six specific environmental issues within a region were identified from among the existing LEED credits.

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Tractor Supply turns a 1Q profit

BY CSA STAFF

BRENTWOOD, Tenn. Tractor Supply reported that first quarter net sales increased 12.8% to $650.2 million from $576.2 million in the prior year’s first quarter. Same-store sales increased 4.2%, compared with a 6.5% decrease in the prior-year period. According to the company, this same-store sales increase was primarily driven by the company’s core consumable categories, including animal and pet-related products.

Net income for the quarter was $0.5 million, or 1 cent per diluted share, compared to a net loss of $2 million, or 5 cents per diluted share, in the first quarter of the prior year.

Jim Wright, chairman and CEO, stated, “We are very pleased to have generated a double-digit top-line increase while improving gross margin and profitability in a challenging macro environment. We experienced a very strong increase in comp transaction count as customers continue to view Tractor Supply Company as a destination for serving their rural lifestyle needs. At the same time, we benefited from our disciplined operational management, as reflected by our inventory productivity improvements and expense leverage for the quarter.”

The company confirmed its fiscal 2009 expectations for net sales to range from $3.2 billion to $3.3 billion, same-store sales to range from a decline of approximately 1.5% to an increase of approximately 1.5%, and net income to range from $2.58 to $2.74 per diluted share.

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Talbots creates CIO position

BY CSA STAFF

HINGHAM, Mass. The Talbots announced that it has named John Kovac SVP and chief information officer. In this newly created position, Kovac will oversee the company’s information technology initiatives.

With more than 15 years of expertise in information technology and supply chain operations, Kovac joins Talbots from Liz Claiborne, where he held various leadership roles including interim chief information officer, vp systems and operations, and vp information technology.

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