FINANCE

Safeway Ok’s $1 billion stock buyback program

BY Staff Writer

Pleasanton, Calif. — Safeway Inc. said Monday it approved a $1 billion stock buyback program.

The operator of grocery chains such as Safeway, Vons and Dominick’s had about $400 million remaining under its stock repurchase program, through Feb. 22. The buyback authorization does not have an expiry date.

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OPERATIONS

Canadian Tire honored for sustainability practices

BY Marianne Wilson

Toronto — Canadian Tire Corp. has been honored with the Globe Award for Best Green Retailing Practices. The award is presented to the company that has demonstrated excellence in executing end-to-end sustainable practices and has made measurable environmental performance improvements to its retail operations.

“Canadian Tire continues to raise the bar with its work in business sustainability and we are very pleased to have been honored by The Globe Foundation,” said Tyler Elm, VP corporate strategy and business sustainability. “We are successfully integrating sustainability into our business strategy and operations and we are highly optimistic about future opportunities to build on our results.”

The Globe Awards are judged by a panel of experts in the Canadian business community to recognize leading Canadian companies whose corporate sustainability practices yield bottom-line results.

Canadian Tire’s strategy aims to embed sustainable practices in every aspect of its business operations, including: management of its products and packaging from procurement through post-consumer use, transport from suppliers to distribution centers and stores, and the maintenance and enhancement of the buildings portfolio and other operations.

Last week, Canadian Tire released its fourth quarter and year-end business sustainability results, which included 438 initiatives completed in 2011. Combined, these initiatives are forecasted to avoid more than $5.6 million in costs, 2,451 tons of waste and more than 6,900 tons of greenhouse gas (GHG) emissions annually.

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OPERATIONS

Pinkberry partners with Micros Systems to implement Google Wallet

BY Staff Writer

Columbia, Md. — Micros Systems, a provider of information technology solutions for the hospitality and retail industries, has partnered with yogurt retailer Pinkberry to implement Google Wallet. The system, which allows Pinkberry customers to tap their device on an NFC (Near Field Communications) reader to quickly make their purchase and simultaneously redeem coupons and receive discounts, is now live in 69 Pinkberry locations in the United States.

In addition to Google Wallet, Micros’ other technology solutions that are installed at all of Pinkberry’s U.S. locations include the fully integrated Micros point-of-sale solution and the MicrosPCWS 2010 state-of-the-art POS terminals.

“At the core of everything we do is our commitment to exceptional customer service,” said Tony DiCenzo, SVP IT, Pinkberry, which has more than 175 stores worldwide. “The rollout of Google Wallet underscores our goal of using innovative technology to enhance our customers’ experience. Now, with just a swipe of a smartphone, consumers can purchase Pinkberry products.”

“We are thrilled to have been selected as Pinkberry’s preferred POS technology partner and are greatly pleased to have watched Pinkberry expand and grow its concept so rapidly,” stated Ed Chapel, SVP Micros North America Distribution. “Micros understands Pinkberry’s need to provide superior service with highly efficient operations. We have worked together to create solutions that will benefit both Pinkberry as an organization as well as its customer base.”

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M.Fourcall says:
Nov-01-2012 04:24 pm

This article is something
This article is something that will help me with my class assignment. It helped me to better understand another aspect of this topic. Thanks. http://www.arts-entertainment.org/

M.Fourcall says:
Nov-01-2012 04:24 pm

This article is something that will help me with my class assignment. It helped me to better understand another aspect of this topic. Thanks. http://www.arts-entertainment.org/

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