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Report: J.C. Penney to open fewer stores next year

BY CSA STAFF

Dallas J.C. Penney Co. said it expects to open fewer than five stores in 2010, according to the Dallas Business Journal.

Chairman and CEO Myron “Mike” Ullman told Wall Street analysts that there is probably 80 million to 100 million sq. ft. of excess department store space in the United States.

“There’s way too much space in our sector” for the level of consumer spending expected, he said. “We’ll probably open less than five stores next year.”

Instead, J.C. Penney will focus on refurbishing existing stores and adding in-store Sephora shops inside more of its 1,100 locations, according to the report.

J.C. Penney will open 17 stores this year, down from 35 stores last year, after it scaled back from its pace of 50 per year.

The company also cut its 2010 capital-spending budget to $400 million, from $600 million this year and $969 million in 2008, the report said.

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O’Reilly introduces buy online, in-store pick up option

BY CSA STAFF

SPRINGFIELD, Mo. O’Reilly Auto Parts announced that it is now offering customers the option of “Buy Online, Pick Up In Store” at OReillyAuto.com.

After selecting a method of payment and completing the transaction, the customer’s local store will be notified immediately and O’Reilly professional parts people will ready the parts for in store pick up.

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Safeway debuts newest ‘green’ store

BY CSA STAFF

PLEASANTON, Calif. Safeway announced that it is celebrating Earth Day by previewing its newest “green” store design, deploying community clean-up teams that use the grocer’s environmentally safe line of cleaning products and distributing reusable grocery bags to decrease waste in landfills.

“We are proud of the reputation we have developed for sustainability,” said Larree Renda, Safeway EVP and chief strategist. “Earth Day gives us an opportunity to demonstrate the progress we are making and preview the direction we are taking on a range of fronts, including store design and earth-friendly products, along with our already strong history of supporting communities.”

“Our new Santa Cruz store is the gold standard for sustainable supermarket design for Safeway and the entire supermarket industry,” said Renda.

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