PetroChina rolls out Retalix StorePoint
Ra-anana, Israel — Retalix announced Tuesday that PetroChina has completed a rollout of its StorePoint POS and StorePoint Fuel solutions to more than 16,000 convenience store and fuel locations across China.
The Retalix software rollout was part of a larger IT hardware and software upgrade for PetroChina, helping the retailer introduce greater automation and control over its store-level and enterprise-level operations.
“Prior to the IT upgrade, PetroChina retail operations were dependent upon many manual procedures,” said Wang Bo, VP of PetroChina Sales Co. “We realized the need for technology partners like Retalix to help us enhance our IT systems in an effort to better manage our rapid growth and expansion, and to sharpen our competitive edge.”
The rollout of the point-of-sale, store management and fuel software was completed in less than two years, and the software was adapted and customized to fit the specific needs of PetroChina and the Chinese market that it serves.
Retalix’s partner in China, MSGSB of Beijing, provided project management, training and local support during and after the rollout.
Ikea’s solar system in Centennial, Col., store goes live
Centennial, Col. — Ikea on Tuesday officially plugged-in the solar energy system installed at its upcoming location in Centennial, Col. (the 415,000-sq.-ft. store is due to open on July 27).
The 60,000-sq.-ft. array consists of a 498-kW system, built with 2,212 panels. It will produce approximately 740,000 kWh of electricity annually, the equivalent of reducing at least 564 tons of carbon dioxide (CO2), eliminating the emissions of 100 cars or powering 62 homes yearly.
The project – the largest single-use rooftop array on a commercial building in Colorado – will contribute to the local utility’s renewable portfolio goals and lower the carbon intensity of the electrical grid. Ikea contracted with California-based REC Solar, one of the largest U.S. solar electric providers, which specializes in grid-tied solar electric design and installation.
With this latest effort, Ikea now has six solar programs in the United States with installations pending at eight other stores. The Centennial local also will be the first U.S. Ikea store to incorporate a geothermal system for heating/cooling the building.
Saks first-quarter profits soar, looks to grow Off 5th unit
NEW YORK — Saks Inc. announced reportednet income of $28.4 million, or 16 cents per diluted share, for the first quarter.For the prior year first quarter, the company recorded net income of $18.8 million, or 11 cents per diluted share.
Stephen Sadove, chairman and CEO, noted, "I am very pleased with our first quarter results. Our improved year-over-year performance was driven by a 10.2% comparable-store sales increase and continued gross margin rate improvement."
In the Saks Fifth Avenue stores, several merchandise categories showed strength during the first quarter, including women’s and men’s apparel, handbags and shoes, the company reported. For the quarter, the sales increase in the New York City flagship store was in line with the company’s aggregate comparable-store sales performance.
Saks Direct posted an approximate 25% comparable-store sales increase in the first quarter. Off 5th’s comparable-store sales performance was below the company’s aggregate comparable-store sales performance for the quarter.
The company said it expects comparable-store sales growth in the high-single digit range for the second quarter and in the mid-to-high single digit range in the second half of the fiscal year.
Saks also announced that it plans to open four new Off 5th stores this year inKansas City, Oklahoma City, Northbrook, Ill., and Charleston, S.C.
Additionally, the Off 5th arm said it will open a new store at the Market at Town Center in Sugar Land, Texas, that will replace its store located at The Fountains in Stafford, Texas.