STORE SPACES

Schneider Electric helping to develop LEED demand response credit

BY CSA STAFF

New York City — Schneider Electric and the Lawrence Berkeley National Laboratory are collaborating to enhance the current demand response credit for the LEED (Leadership in Energy and Environmental Design) certification.

The energy management company and federally funded lab, along with energy strategy consultant Skipping Stone, are developing the credit to allow commercial building owners to earn LEED points for participating in utility or wholesale market demand response programs. Skipping Stone will also provide members of LEED certifier the U.S. Green Building Council (USGBC) with a searchable, national database of existing demand response programs.

USGBC will launch a series of utility service territory pilots, to encourage adoption of demand response and the revised LEED credit. Skipping Stone will manage these pilots, and will coordinate with potential participating utilities, market operators, regulators, technology and service providers and other interested parties.

The revised credit will be published later this spring. After feedback from participating building managers and the collection of market research results, it will then be considered for integration into the Energy and Atmosphere category of the next version of the LEED rating system, which is due to be published in November.

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STORE SPACES

Report: Men’s Wearhouse to remodel 100 plus stores in 2011

BY CSA STAFF

New York City — Men’s Wearhouse will remodel more than 100 stores and open 20 to 30 new locations this year, Women’s Wear Daily reported.

This marks a big increase from last year, when 35 stores were remodeled, the report said.

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FINANCE

Rue21 Q4 income up, will open 110 stores in 2011

BY CSA STAFF

Pittsburgh — Teen retailer rue21 said that its fourth quarter net income increased 41% to $10.9 million from $7.7 million in the year-ago period. Net sales for the quarter increased 22.3% to $190.1 million, from $155.4 million. Same-store sales rose 1.5%.

“We opened 105 stores in 2010 which performed above our expectations,” said Bob Fisch, rue21’s President and CEO. “The company had strong growth across all categories, with our etc! accessories merchandise leading the way as we converted 31 stores during the year to our larger etc! format. We are planning for 110 new stores and approximately 35 conversions in 2011.”

For the full year, net income increased 37.4% to $30.2 million, and net sales increased 20.8% to $634.7 million. Same-store sales rose 2.1%.

The company opened 105 stores, closed two locations, and converted 31 stores to its rue21 etc! format. It ended the year with 638 stores in 44 states.

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