FINANCE

Lowe’s to pay $500,000 in EPA settlement

BY Staff Writer

Washington, D.C. — Lowe’s Home Centers has agreed to pay a $500,000 civil penalty for violating federal rules governing lead paint exposure, the Environmental Protection Agency said on Thursday.

The chain will also implement a comprehensive, corporate-wide compliance program at its over 1,700 stores nationwide to ensure that the contractors it hires to perform work minimize lead dust from home renovation activities, as required by the federal Lead Renovation, Repair, and Painting (RRP) Rule.

An EPA investigation found that Lowe’s could not provide documentation to prove that contractors it hired to work at 13 stores across nine states were certified by the agency, or had used its approved kits to test for lead paint at work sites, the EPA said.

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OPERATIONS

Harris Teeter adds yearly payment option to online shopping program

BY Marianne Wilson

Matthews, N.C. — Harris Teeter announced Thursday it has launched a new, yearly payment option for its Express Lane Online Shopping program.

In addition to the $4.95 per order option and the $16.95 monthly option — already in place for shoppers who frequently use the service — shoppers can now choose to pay $99.95 for the entire year, allowing them to place as many orders as they would like throughout the year without incurring additional charges.

Shoppers can simply add the yearly fee to their Express Lane Online Shopping bill when placing an order. From that date, the normal service fee will be automatically waived on all orders for the next 365 days.

“Our shoppers love the convenience of Harris Teeter’s Express Lane Online Shopping service,” said communication specialist Danna Jones. “While they are running kids to and from soccer practice and managing their busy lives, we take care of the shopping. Our Express Lane experts not only hand-select the highest quality and freshest items available, but they also load the groceries into the shopper’s car and process payment curbside. Our customers never have to leave their vehicle.”

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News

Paint stores group helps bolster Sherwin-Williams in first quarter

BY CSA STAFF

Sherwin-Williams chairman and CEO Christopher M. Connor said strong performance in the paint stores group helped fuel consolidated net sales in the first quarter, with a slight offset on domestic sales thanks to severe weather.

The company reported a slight drop in net income during the first quarter of fiscal 2014, to $115.46 million from $116.18 million. Net sales fared better, rising 9% to $2.37 billion from $2.17 billion.

Sherwin-Williams expects consolidated net sales to rise 8%-14% in the second quarter.

“We are pleased to report record sales and earnings per share from the continued positive sales volume and strong operating results of our paint stores group,” said Connor. “The paint stores group architectural volume growth was strong across all end market segments. The Comex acquisition performed better than expected in the quarter. Although the impact of harsh weather on domestic sales in the quarter was modest, it did disrupt supply chain operations and service driving up costs in the consumer group.”

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