FINANCE

Loblaws to charge for plastic bags

BY CSA STAFF

Toronto Loblaw Cos. will begin charging 5 cents for plastic shopping bags at its corporate and participating franchise stores.

The company, which initially launched the initiative as a pilot in Toronto, plans to rolls out the program on April 22.

Loblaw’s plan to divert 1 billion plastic shopping bags from landfills by the end of this year.

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FINANCE

Whole Foods to go tax-free on April 15

BY CSA STAFF

Atlanta Whole Foods Market will have a tax-free shopping day for all customers on April 15 at its seven metro Atlanta stores, according to the Atlanta Business Chronicle.

The Tax Day offer is also good at the chain’s stores in Alabama; North Carolina; South Carolina; and Tennessee. Sales taxes range from 6% to 9.5%, depending on store location.

Stores also will have deep discounts on select items on tax-free shopping day, Whole Foods said.

“Some shoppers might choose to stock up, while others might decide to ‘trade up’– trying a different cheese or wine or cut of meat that might not typically be on their shopping list,” said Scott Allshouse, South region president for Whole Foods Market. “Whatever the motivation, we want to give our customers a little shopping break on Tax Day and we know every little bit helps.”

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News

Adrenalina ends proxy contest with PacSun

BY CSA STAFF

ANAHEIM, Calif. Pacific Sunwear of California announced that Adrenalina has ended its proxy contest by withdrawing its nominations of director candidates for election to Pacific Sunwear’s board of directors. Adrenalina had previously notified the company of its intention to nominate four candidates for election to the Pacific Sunwear board at the company’s 2009 Annual Meeting.

Adrenalina’s withdrawal of its nominations follows a meeting earlier this week between several of Pacific Sunwear’s independent directors and Ilia Lekach, Adrenalina’s chairman and CEO.

Pacific Sunwear’s lead independent director Peter Starrett said, “We appreciated the opportunity to have an open and frank discussion with Lekach, and to hear his ideas and suggestions. We are pleased that Adrenalina has determined not to pursue a proxy contest, so that the company can devote all of its resources and attention to the important task of operating its business.”

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