Walmex to Open 125 Stores This Year
Mexico City, Wal-Mart de Mexico, also known as Walmex, plans to open 125 new stores and restaurants this year, the company said on Tuesday.
Chairman and CEO Eduardo Solorzano told a conference call with investors that the new openings would include Wal-Mart superstores, Bodega Aurrera and VIPs restaurants.
Eddie Bauer Shareholders Reject Takeover Options
New York City, Shareholders of Eddie Bauer Holdings voted down the company’s takeover deal with two private equity firms, the outdoor clothing retailer said Thursday. Eddie Bauer said “an insufficient number of shareholders” were voted in favor of the proposed $286 million buyout by Sun Capital and Golden Gate Capital.
The company said it will evaluate its options and continue to operate as a public company.
As Eddie Bauer struggled to revamp merchandise and revive its brand name, the chain hired Goldman Sachs last May to explore the sale of the company. It agreed to a $9.25-a-share offer by the private equity firms in November.
Edison Electric Institute (EEI) will hold its National Accounts Workshop on March 11-14 at the Phoenix Convention Center, Phoenix. For more information, visit www.eei.org/na.… Danfoss, Baltimore, has acquired Aztec Energy Partners, Conyers, Ga.
DMX, Austin, Texas, has signed an agreement with Pottery Barn to serve as the exclusive provider of the chain’s in-store music content. The programming will be delivered to Pottery Barn’s 193 nationwide locations via DMX’s ProFusion X Gold system.
“Using the ProFusion X platform, DMX was able to improve our sound quality and take out the guesswork involved in branding our in-store music,” said Ev Dennington, director of visual merchandising, Pottery Barn, San Francisco.
The International Code Council (ICC) announced it has published its 2003 International Codes in Spanish. Currently, 47 states use the International Codes at the state or jurisdictional level.
RadioShack, Fort Worth, Texas, selected Quest Service Group LLC, Lynbrook, N.Y., to perform remodels in 140 stores in the New York metro area.
Access Retail Entertainment, Culver City, Calif., has changed its name to Access 360 Media.
Retailers Cited for Green Power
The Environmental Protection Agency (EPA) recognized Whole Foods Market for its commitment to advancing the development of the nation’s green-power market by awarding the chain one of its top honors: the 2006 Green Power Partner of the Year award. The retailer is the only Fortune 500 company purchasing renewable energy credits (RECs) to offset 100% of its electricity use.
Four other companies, including one retailer, Starbucks Coffee Co., also were honored with the award.
Harris Teeter Food Markets, Matthews, N.C., has installed Fiberstars’ energy-efficient EFO fiber-optic lighting system in its store in Leesburg, Va. An additional three locations are being evaluated for future installations. The EFO system is designed to provide bright light with no heat at the endpoint.… Philips Lighting Co., Somerset, N.J., has been awarded the Affiliated Distributors’ Supplier of the Year for Leadership in the electrical supply division. In other news, the Environmental Protection Agency recognized Philips Lighting as the first U.S. firm to take a companywide pledge in meeting waste- minimization standards. Philips has committed to reducing the amount of mercury used in the manufacturing of its fluorescent lamps and to reducing the amount of lead in all its U.S. lamp- manufacturing processes.
Osram Sylvania, Danvers, Mass., has developed an association with Veolia Environmental Services, the largest lamp and ballast recycler in North America, to provide environmentally responsible recycling solutions. Osram is now selling RECYCLEPAK, Veolia’s proprietary recycling kit for large or small quantities of spent lamps and ballasts, through www.sylvania.com/recycle. The prepaid recycling program ensures complete compliance with state and local disposal regulations while reducing the risks associated with improper lamp storage.
DAVACO, Dallas, which focuses on managing the overall movement and corresponding logistics associated with retail rollouts, resets and new stores, has acquired the consolidation company Artistic Consolidations, Vergne, Tenn.