STORE SPACES

Save Market Supermarkets opens green store

BY CSA STAFF

New York City Save Mart Supermarkets has opened a 56,000-sq-ft. store in Modesto, Calif., featuring an array of eco-friendly technologies designed to reduce its carbon footprint.

The technologies include water-based refrigeration systems that eliminate ozone-depleting chemical refrigerants; skylights, reflective white roofing, variable-speed air handling systems and computer- and sensor-driven energy monitoring systems to optimize energy use.

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Tempting offer attracts wrong shoppers

BY CSA STAFF

Several years worth of significant price deflation had already put flat panel televisions within the reach of most consumers, and, this week, Target removed another potential barrier with the introduction of a limited-duration 0% financing offer. Shoppers have one week to sign up for Target’s REDcard and pay no interest until September on the purchase of television’s larger than 32 inches. The offer was featured on the cover of this week’s circular, and the company distributed a press release announcing the promotion. Historically low-interest rates make it easy for retailers to offer “same as cash” type financing offers, but you have to wonder about the credit quality of the customers who respond to such incentives, considering a 42-inch LCD can now be had for less than $500. It may not be a very scientific way of evaluating risk, but chances are if an individual’s cash flow is such that they can’t swing the purchase of budget priced flat panel outright they might not be a good addition to Target’s credit portfolio.

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Best Buy helps teens donate $1 million

BY CSA STAFF

MINNEAPOLIS

Best Buy announced that teens participating in its @15 Exchange distributed $1 million to 16 nonprofits in the program’s first year. The Best Buy initiative empowers teens to be the drivers of change by giving them the opportunity to direct the company’s charitable donations through online activities and voting.

 

“The overwhelming response to the @15 Exchange demonstrates that teens are motivated by opportunities that allow their voices to be heard,” said Brian Dunn, CEO of Best Buy. “Best Buy is thrilled with the efforts of the nonprofit partners to bring the @15 mission to life and empower teens to use these diverse and powerful voices for social good.

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