STORE SPACES

Supervalu joins DOE’s Better Buildings Challenge

BY Staff Writer

Washington, D.C. — Supervalu has joined the U.S. Department of Energy’s Better Buildings Challenge, which aims to engage building operators nationwide in improving energy efficiency by 20% by 2020. The announcement was made by President Barack Obama and former President Bill Clinton during a leadership event attended by Craig Herkert, Supervalu chief executive officer and president, in Washington, D.C.

“Reducing our energy footprint and creating a more thoughtful and sustainable operation are important priorities, and we will continue to test innovative ways to build our stores with future generations in mind,” said Herkert. “These projects are good for the environment, improve our operating efficiency and create jobs — ultimately benefiting the communities we serve.”

Supervalu, which operates more than 78 million square feet of retail and distribution center space, has had a longstanding commitment to environmental sustainability. The company has invested $20 million in energy efficiency initiatives this year alone, resulting in over 1,300 projects across its enterprise.

The has been working over the past five years to reduce total carbon emissions by 10 percent and landfill waste by 50% and is on track to reach those milestones by the end of 2012.

Using cutting-edge technologies, Supervalu is engineering breakthrough projects such as the nation’s first low-carbon, ammonia refrigeration system at an Albertsons store it is remodeling in Carpinteria, Calif., which is an important pilot project in its efforts to build a model for the “grocery store of the future.”

Since 2008, SuperValu has completed 4,500 energy reduction projects, including:

  • Lighting upgrades — LED, retrofit of existing frozen food lights, spot lights in produce, parking lot lighting retrofits;
  • Refrigerator and freezer alarm systems to notify employees if doors are left open;
  • New and retrofitted refrigerated dairy and deli cases with doors;
  • Fuel cells in several of its stores to serve as the primary energy provider to that location; and
  • Development of nine LEED stores throughout the country and one nationally recognized Green Store in Chestnut Hill, Mass.

Earlier this year, SuperValu announced plans to transition 40 stores to zero waste operations during the company’s current fiscal year ending Feb. 25, 2012, building on the success of the company’s two zero waste stores in Santa Barbara, Calif. Through its sustainability efforts, SuperValu also reduced garbage expenses by 12.6% in its fiscal year ending February 2011 and recycling revenues exceeded landfill waste expenses for the first time.

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FINANCE

Barnes & Noble posts worse-than-expected loss

BY Staff Writer

New York City — Barnes & Noble posted a worse-than-expected net loss of $6.6 million for the second quarter, compared with a net loss of $12.6 million a year ago.

Total sales for the period ended Oct. 29, 2011, slipped 0.6% to $1.89 billion from $1.90 billion in the year-earlier quarter, with the biggest drop occurring at the chain’s college stores. Online revenue grew 17% in the quarter to $206 million, which the company attributed to increases in sales of ebooks and its Nook line of e-reading devices.

A decline in physical book sales declined was offset by increases in Nook products, the company said.

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REAL ESTATE

Simons opens its first outlet center in Southeast Asia

BY Staff Writer

Indianapolis — Simon Property Group announced that, in 50/50 partnership with Genting Berhad, it has opened Johor Premium Outlets, its first Premium Outlet Center in Southeast Asia.

The center encompasses 173,000 sq. ft. of gross leasable area featuring 80 stores and is located in Johor Bahur, Malaysia. A grand opening celebration will take place on December 11, 2011.

Retailers in the new center include Adidas, Armani, Brooks Brothers, Burberry, Canali, Coach, Esprit, Ermenegildo Zegna, Gap, Guess, Lacoste, Michael Kors, Nike, Oroton, Ralph Lauren, Royal Selangor, Salvatore Ferragamo, Swiss Watch Gallery, Timberland, Tommy Hilfiger, and Tumi.

Simon’s Premium Outlets portfolio includes 70 Premium Outlet Centers, with 57 in the United States, one in Puerto Rico, eight in Japan, two in South Korea, one in Malaysia and one in Mexico.

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