STORE SPACES

Walmart selects Cree LEDs for initial 650-store deployment

BY CSA STAFF

Durham, N.C. Cree has been selected to provide energy-efficient LED lighting to Walmart for new stores and renovations.

The discounter plans to install Cree LRP-38 LED light bulbs in 650 stores during the first year, replacing ceramic metal halide in the produce and electronics departments. The PAR38 style LED lamp was selected for its energy-efficiency, long lifetime, controlled beam and high color-rendition. Designed to last 50,000 hours, the lamp consumes 82% less energy than the 70-watt ceramic metal halide bulbs it replaces and can last more than five years in a 24/7 operating environment.

Cree`s LR6 recessed LED downlights are being used in new construction applications.

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Borders introduces In-Stock Guarantee or free shipping

BY CSA STAFF

ANN ARBOR, Mich. Borders launches the industry’s first-ever “In-Stock Guarantee,” promising customers that if they do not find an item in stock in a Borders store and that item is among the more than one million titles available on Borders.com, Borders will find it and pay the shipping costs to the customer’s home.

Borders’ “In-Stock Guarantee” applies to any item carried on Borders.com. There is no per-customer limit on the number of items eligible for this program. The “In-Stock Guarantee” program runs through most of the holiday season, with Dec. 16 as the final date items can be located and reach customers in time for Christmas.

The “In-Stock Guarantee” applies only to Borders bricks and mortar stores, but there is also a free shipping program available online at Borders.com as well. Generally, orders over $25 purchased on Borders.com will be shipped for free. Orders placed on the site before Dec. 16 will reach customers in time for the holiday.

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Big 5 sees strong third quarter

BY CSA STAFF

EL SEGUNDO, Calif. Big 5 Sporting Goods reported that for the fiscal 2009 third quarter, net sales increased to $231.6 million from net sales of $223.2 million for the third quarter of fiscal 2008. As the company previously reported, same-store sales increased 1.6% for the third quarter.

Net income for the third quarter of fiscal 2009 improved to $8 million, or 37 cents per diluted share, from net income of $4.5 million, or 21 cents per diluted share, for the third quarter of fiscal 2008.

 

“We are pleased to deliver a solid third quarter top and bottom line performance, as our customer value proposition and proven business model continue to produce positive results,” said Steven Miller, the company’s chairman, president and CEO.

Miller continued, “We are encouraged that the positive sales trends we experienced during the third quarter have continued, and actually improved, thus far in the fourth quarter. For the first five weeks of the quarter, we have comped positively in the low single-digit range. While the critical holiday period is still ahead and consumer spending habits remain unpredictable, we are excited about our product assortment and promotional plans and believe that our ability to provide tremendous values on quality merchandise will position us well during the gift-giving season.”

For the fiscal 2009 fourth quarter, the company expects same-store sales in the positive low to low-mid single-digit range and earnings per diluted share in the range of 28 cents to 38 cents. For comparative purposes, the company’s earnings per diluted share for the fourth quarter of fiscal 2008 were 17 cents.

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