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Retailers Emphasize “Spending Slowdown, Not Crisis”

BY CSA STAFF

Chicago, According to a report issued by MarketWatch on Tuesday, retailers and analysts are expected to tell investors this week to expect an economic slowdown, but no recession.

“We are not at recession levels,” Michael Niemira, chief economist of the International Council of Shopping Centers (ICSC), told MarketWatch. The bulk of the nation’s largest chains will turn in their monthly sales reports on Thursday and the expectations of what’s ahead underscore that there was an abundance of shopping activity during August, whose same-store sales results are on track to rise 2.5%, according to the ICSC.

That’s below last year’s 3.8% increase, but Niemira said the slowing pace has been in place for most of the year and has been steady.

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Kohl’s to add solar system to 63 California stores

BY CSA STAFF

LAGUNA NIGUEL, Calif. Kohl’s Department Stores Wednesday unveiled its rooftop solar energy system at its Laguna Niguel store as part of the largest planned U.S. photovoltaic solar rollout to date. The company said it plans to build solar electric systems at 63 of its California Kohl’s stores. At completion, Kohl’s solar program will represent approximately 15% of California’s photovoltaic installations to date, the company reported.

According to the company Kohl’s solar power systems will generate more than 35 million kilowatt-hours (kWh) of renewable energy annually, the equivalent of powering an estimated 3,087 California homes.

“Today’s activation marks a significant milestone for Kohl’s. Through our solar introduction, we’re further extending our commitment to green power and making a significant contribution to California’s renewable energy goals,” said Ken Bonning, Kohl’s evp of logistics.

 

Kohl’s rooftop solar photovoltaic systems are being built under an agreement with SunEdison, North America’s largest solar energy services provider. Under the agreement, SunEdison manages the rooftop solar energy systems in exchange for Kohl’s commitment to purchase energy from SunEdison. In total, more than 138,000 solar panels are expected to be used when Kohl’s solar installations are complete in 2008.

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Kohl’s to add solar system to 63 California stores

BY CSA STAFF

LAGUNA NIGUEL, Calif. Kohl’s Department Stores Wednesday unveiled its rooftop solar energy system at its Laguna Niguel store as part of the largest planned U.S. photovoltaic solar rollout to date. The company said it plans to build solar electric systems at 63 of its California Kohl’s stores. At completion, Kohl’s solar program will represent approximately 15% of California’s photovoltaic installations to date, the company reported.

According to the company Kohl’s solar power systems will generate more than 35 million kilowatt-hours (kWh) of renewable energy annually, the equivalent of powering an estimated 3,087 California homes.

“Today’s activation marks a significant milestone for Kohl’s. Through our solar introduction, we’re further extending our commitment to green power and making a significant contribution to California’s renewable energy goals,” said Ken Bonning, Kohl’s evp of logistics.

 

Kohl’s rooftop solar photovoltaic systems are being built under an agreement with SunEdison, North America’s largest solar energy services provider. Under the agreement, SunEdison manages the rooftop solar energy systems in exchange for Kohl’s commitment to purchase energy from SunEdison. In total, more than 138,000 solar panels are expected to be used when Kohl’s solar installations are complete in 2008.

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