STORE SPACES

Red Lobster location awarded LEED Silver certification

BY CSA STAFF

Orlando, Fla. Darden Restaurants, owner of Red Lobster and Olive Garden banners among others, said Monday that its Red Lobster restaurant in Centerview, San Antonio, is one of the company’s first to receive sustainability recognition.

The restaurant was awarded Silver certification for LEED (Leadership in Energy and Environmental Design) for New Construction from the U.S. Green Building Council.

The 7,029-sq.-ft. restaurant, which opened in March, features a number of sustainable design elements, including recycled building materials, increased use of natural light, and energy-efficient equipment and fixtures, including low-flow water nozzles in the kitchen and low-flow faucets in the restrooms, new LED parking lot light bulbs and low-wattage energy-efficient light bulbs, and heat recovery tanks that allow the capture of heat generated from the freezer/cooler compressors to aid in supplemental heating of hot water.

The effort is part of Darden Restaurant’s Sustainable Restaurant Design initiative, which aims to reduce energy and water use in 1,800 restaurants by 15% by the year 2015.

Red Lobster, part of Darden Restaurants has nearly 700 locations across North America. Darden restaurant brands also include Olive Garden, LongHorn Steakhouse, The Capital Grille, Bahama Breeze and Seasons 52.

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FINANCE

Visa launches new payment card security initiative

BY CSA STAFF

On Wednesday, Visa Inc. launched a new payment card security initiative that the company said could eliminate the need for retailers and other organizations to store full, 16-digit credit and debit card numbers on their systems.

The move comes in response to long-standing pressure from the National Retail Federation, which maintains that merchants should not be required to store the information because of security risks.

Under the new initiative, Visa said it will push card issuers and acquiring banks to allow merchants to present truncated, disguised or otherwise masked card numbers for dispute resolution cases. Some permit this already, but the goal is to make the practice broader, said Eduardo Perez, head of global payment system security at Visa.

Visa said it plans to seek feedback from industry stakeholders on the challenges and issues involved in moving to a more secure payment industry model. After Visa reviews the feedback, it will decide whether to make the recommendations a mandated requirement.

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FINANCE

West Marine sales rise 8.4% in 2Q

BY CSA STAFF

West Marine Inc. reported Thursday that its net revenues for the quarter ended July 3 were $233.4 million, an increase of 8.4% over the year-ago period.

Same-store sales jumped 9.4%.

According to the company, sales benefitted from warmer weather in the northeast. However, “in the southeast, we have been starting to feel the effects of the oil spill in the Gulf of Mexico as boating activities are increasingly restricted,” said Geoff Eisenberg, CEO.

West Marine, a specialty retailer of boating supplies and accessories, operates 330 company-operated stores in 38 states, Puerto Rico and Canada, and two franchised stores in Turkey.

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