SUPPLY CHAIN

Walmart unveils wind turbine

BY Katherine Boccaccio

Bentonville, Ark. — Wal-Mart Stores Inc. said Tuesday it has introduced its first onsite large-scale wind turbine project, unveiled at its DC in Red Bluff, Calif.

The wind turbine, expected to be operational by this fall, will provide roughly one megawatt of power or 15% to 20% of the distribution center’s yearly electrical use.

The GE SLE 1.0 megawatt wind turbine, equal to the height of a 20-story building, is projected to produce approximately 2,200,000 kilowatt hours annually.

Under the power purchase agreement, Foundation Windpower installs, owns, and operates the wind turbine and Walmart purchases the power produced under a long-term agreement.

The installation will move Walmart closer to its goal to be supplied by 100% renewable energy, said Greg Pool, senior manager of renewable energy and emissions at Walmart and project manager of the Red Bluff installation. "Should the technology at Red Bluff prove successful, Walmart will evaluate the potential for large-scale turbine installations at other distribution center sites in the United States," he added.

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REAL ESTATE

Vitamin Shoppe sees profits rise 40% in Q2; to open 50-plus stores in 2012

BY Katherine Boccaccio

Bergen, N.J. — Vitamin Shoppe Inc. reported Tuesday that net income for the second quarter surged 38.8% to $16.6 million, compared with $12 million in the year-ago period and marking the third straight quarter of profit increases.

Revenue rose 13.4% to $245 million, beating Wall Street’s expected $241.8 million in revenue.

The company said it is on track to open 52 stores in fiscal 2012.

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OPERATIONS

Kinney Drugs names COO

BY Staff Writer

Gouverneur, N.Y. — Kinney Drugs Inc. said Tuesday it has promoted Jim Spencer from his current position as VP retail operations to COO, effective immediately.

Spencer, who joined Kinney Drugs in 2010, will oversee retail and pharmacy store operations and the retail merchandising department.

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