Olympia Sports continues southern expansion
Westbrook, Maine — Olympia Sports announced it has recently surpassed its 200th location and has begun a march south and west from its home state of Maine.
The company plans to open 25 stores during its current fiscal year, including its first store in West Virginia and others in states south of New York. A similar pace of expansion is expected for the following fiscal year beginning in October, said Olympia.
Most of Olympia’s 207 stores are located in the far Northeastern markets of Maine (29 stores), Massachusetts (61 stores), New York (47 stores), New Hampshire (21 stores), Vermont (11 stores), Connecticut (14 stores) and Rhode Island (five stores). However, in recent years, the company has extended its reach to Pennsylvania (14 stores), Maryland (three stores) and Virginia and West Virginia, which both have one store.
“We are excited about the opportunities that exist in this region,” said Olympia president Ed Manganello referring to areas south of the Pennsylvania border. “We are primarily a small market retailer, and our format, our people, and our strategy of bringing top brands to these small markets has gained acceptance in these areas.”
Olympia Sports operates small-format stores in small markets. It said it expects to end its current fiscal year on September 30 with a total of 216 stores following the addition of 25 new stores and the closing of four underperforming locations.
“We expect similar growth in fiscal 2013,” said Paul Fitzpatrick, senior director of operations. “We have the real estate strategy and infrastructure to support continued growth throughout the Northeast and the mid-Atlantic.”
PetSmart names former Sara Lee and publishing exec as senior VP/general counsel
Phoenix — PetSmart said Tuesday it has named Paulette Dodson to the position of senior VP, general counsel and secretary.
Dodson was previously senior VP, general counsel and corporate secretary at Sara Lee Corp. Before joining Sara Lee, she spent 14 years at the Tribune Co. – which owns The Chicago Tribune and The Los Angeles Times – most recently as assistant general counsel for publishing.
Johnson Controls survey: Energy savings and incentives driving investment decisions
New York — Energy cost savings, government/utility incentives and rebates, and enhanced brand or public image ranked as the top drivers of energy-efficiency decision-making in the United States and Canada, according to a global survey of building owners and operators and facility managers by Johnson Controls.
"Building owners are investing in energy efficiency because they recognize the financial payback," said Dave Myers, president of Johnson Controls, Building Efficiency. "This year’s survey demonstrates there’s a change underway. The mantra for commercial real estate owners used to be location, location, location – now it’s becoming location, efficiency, location."
Among U.S. and Canadian respondents, interest in energy efficiency jumped 20% from 2011 to 2012, according to the 2012 Johnson Controls Energy Efficiency Indicator. Sixty-six percent of U.S., and Canadian executives reported in 2011 that energy management was very or extremely important to their organizations, and in 2012 that number increased to 86%. Seventy percent said they were paying more attention to energy in 2012 than in 2011.
Among all regions, the United States/Canada had the largest proportion of organizations investing in energy efficiency (74%). However, only 25% had invested in renewable energy, the lowest among all global regions priorities,
In other U.S./Canadian findings:
- Forty-six percent of business executives planned to increase spending in the next 12 months, while 39% expected investment to stay the same.
- The top three energy-efficiency measures adopted in the past 12 months included: lighting improvements (78%), HVAC and/or controls improvements (77%), and water-efficiency improvements (45%).
The 2012 survey is the sixth global EEI survey conduced by Johnson Controls through its Institute for Building Efficiency.