RILA applauds legislation to create rural energy savings program
Arlington, Va. Retail Industry Leaders Association president Sandy Kennedy has issued a statement in response to the introduction of bipartisan and bicameral legislation to create the Rural Energy Savings Program.
Legislation to establish the program was announced on Wednesday by House Majority Whip James E. Clyburn (D-SC) and Ed Whitfield (R-KY) and Senators Jeff Merkley (D-OR) and Lindsey Graham (R-SC). The program will make loans to rural electric cooperatives that will, in turn, provide the money in the form of low-interest micro-loans to consumer residences or businesses for the purposes of making investments in energy-efficient upgrades. Electric cooperatives will pay back the federal loans from consumer loan payments on their electric bills within 10 years of making the consumer loan.
“RILA applauds the bipartisan and bicameral effort to create this meaningful program,” RILA’s statement said. “By providing rural homeowners and businesses with the resources to invest in energy efficiency upgrades, the Rural Energy Savings Program will help save American families and businesses money on their electric bills, reduce pollution, and create jobs. We look forward to working with bill sponsors to pass this legislation so that resources are made available to those who would benefit most.”
RILA is a trade association who’s members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.
Sam’s Club honors outstanding Hispanic business owners
BENTONVILLE, Ark. Sam’s Club has announced the winners of the “Como Si: Doing Business Today for Tomorrow!” contest.
The winners of the nationwide contest, presented by Sam’s Club and The United States Hispanic Chamber of Commerce, were selected from contestants who submitted short videos promoting their small business, detailing what has brought their enterprise through today’s tough economic environment and what their plan is to “keep up and keep going.” The winners were chosen for originality, creativity, relevance and clarity of their videos.
The winners are:
Delmy Franco, My Tidy Files – North Hollywood, Ca. Alba Gonzalez-Nylander, Alba Video Production – Franklin, Tenn. Michelle Manon, Tamahli – San Antonio, Texas Jesus Ojeda, Ojeda’s, Inc – Des Moines, Iowa Molly Dalton Robbins, Palomita and Chucho Clothing – San Rafael, Ca. Maria de Lourdes Sobrino, Lulu’s – Anaheim, Ca. Nelson Soler, Multicultural Entrepreneurial Institute, Inc – Milwaukee, Wisc. Roger Villeda, Villeda Marketing International – Denver, Colo. Lilian Jimenez, Jimenez Communications – Fontana, Ca. Jennifer Fuentes, Independent Beauty Consultant – San Antonio, Texas
The winners receive a trip to the home office of Sam’s Club in Bentonville, Ark. to learn about incorporating the latest technology into their businesses while creating a better bottom line.
“Small business owners are pressed to find more effective and affordable ways to promote their business and compete in a tough economic environment. They must do so while learning new skills, such as managing cash flow, logistics and human resources. We are pleased to be part of an initiative that can help deliver valuable information to those who are eager to learn and apply it,” said Carlos Doubleday, Sam’s Club VP.
Collective Brands reports 4Q, FY results
TOPEKA, Kan. Collective Brands reported that its fourth-quarter net loss was $10.9 million, or 17 cents per diluted share, compared with a net loss of $144 million, or $2.28 per share, in the fourth quarter of 2008.
Full-year 2009 net earnings increased to $82.7 million, or $1.28 per diluted share, compared with a net loss of $68.7 million, or $1.09 per diluted share in 2008.
Collective Brands’ fourth quarter 2009 net sales were $741.7 million up 0.9%. The company’s fourth quarter 2009 comparable-store sales increased 0.7%.
Collective Brands’ 2009 net sales were $3.31 billion, down 3.9%. The company’s 2009 comparable-store sales decreased 2.3%. related to litigation, asset impairments, severance, cancellation of performance share units, and the expiration of the Tommy Hilfiger adult footwear license.