STORE SPACES

Lowe’s receives EPA honors

BY Dan Berthiaume

Mooresville, N.C. – The U.S. Environmental Protection Agency (EPA) has awarded Lowe’s Companies, Inc. the highest honors for industry leadership in its SmartWay and WaterSense programs. On Oct. 22, Lowe’s received the 2013 SmartWay Excellence Award for its environmental performance in the freight transportation industry. This month, the EPA also recognized Lowe’s with a 2013 WaterSense Sustained Excellence award for its long-standing efforts to educate consumers about water-efficient products and practices.

Added to the 2013 Energy Star Partner of the Year – Sustained Excellence Award that Lowe’s received in March, the recent honors give Lowe’s the distinction of being the only retail partner to receive all three EPA awards. Lowe’s is the first retailer to win the WaterSense Sustained Excellence award and the only retail shipper partner to receive five SmartWay awards.

"The awards we received this year are a culmination of sustained and dedicated progress, and reflect our company’s commitment to continually improve our performance while we provide our customers the products they need to do the same," said Michael Chenard, Lowe’s director of corporate sustainability. "We’re proud to be our customers’ first choice for efficient products while we help control their costs through a more efficient supply chain."

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STORE SPACES

QVC opens second solar farm

BY Dan Berthiaume

Rocky Mount, N.C. – QVC has opened a second solar farm comprising 11,564 panels on 11 acres at the Rocky Mount Distribution Center owned by QVC Rocky Mount, Inc. Now generating 5.8 million kilowatt-hours per year, this latest addition brings the combined total number of panels at the site to 17,244 over 18 acres. The first field of 5,680 solar panels on seven acres of land was completed in November 2008.

"QVC will conserve enough kilowatt-hours of energy to reduce CO2 emissions that are equivalent to 458,766 gallons of gasoline," said Bill Stanulis, QVC Rocky Mount Distribution Center General Manager. "As one of the largest employers in Edgecombe County, we are committed to conserving energy by implementing sustainable solutions and reducing waste."

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FINANCE

Alco will delist if Argonne merger approved

BY Dan Berthiaume

Coppell, Texas – Alco Stores, Inc. will voluntarily delist its common stock from the Nasdaq Stock Market on or about Oct. 31, 2013. The delisting of the company’s shares is subject to stockholder approval of the proposed merger with an affiliate of Argonne Capital Group, LLC.

The proposed merger was previously announced on July 25, 2013, and a special meeting of stockholders is scheduled for Oct. 30, 2013. If the company’s stockholders vote to approve the proposed merger, Alco anticipates consummating the merger on or about Oct. 31, 2013. If the proposed merger is consummated, Alco will become a wholly-owned subsidiary of an affiliate of Argonne and the company’s common stock will cease to be publicly traded.

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