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The Associated Press via Google News Share     Stronger sales reflecting the stabilizing economy helped lift OfficeMax Inc.'s first-quarter profit 88 percent, the company said. After paying preferred dividends, OfficeMax said profit available to common shareholders rose to $24.8 million, or 29 cents per share, from $13.1 million, or 17 cents per share, in the year-ago quarter. Adjusted profit, which removes charges for severance and store closures in the U.S. and Mexico and a benefit related to tax distributions, came to 39 cents per share. More
Discounter Big Lots expects boon from economy's recovery The Wall Street Journal Share
Big Lots Inc. is welcoming a step-up in consumer spending, feeling that its deep discount approach will resonate even more. "We're definitely a fan of an improving economic environment," said Big Lots Chief Financial Officer Joe Cooper. The road is clearer to open more upscale outlets, merchandise is still easy to come by and demand goes up, Cooper said during a retail conference held by Barclays Capital. Big Lots and other lower-end retailers benefited during the recession as consumers traded down. The big question is how their business will fare when the economy recovers. More Sam's Club tests the wind with 17 micro turbines BrighterEnergy.org Share
Sam's Club has become one of the first retailers in the country to set up a significant number of micro wind turbines at one of its stores. The warehouse club has installed 17 machines provided by Massachusetts company DeerPath Energy at its store in Palmdale, Calif. The site is in a particularly windy location, and will showcase the technology before it more wind turbines are installed at other stores. More
Wegmans receives $1 million grant to help implement fuel cell technology Wegmans Food Markets Share
Wegmans Food Markets, Inc. announced that they received a $1 million grant from the Pennsylvania Energy Development Authority for the implementation of hydrogen fuel cell-powered material handling equipment (pallet jacks and reach trucks) at their Retail Service Center in Pottsville, Pennsylvania. The grant will offset a portion of the costs associated with the installation of an on-site hydrogen infrastructure, which includes an outdoor hydrogen storage tank and indoor fueling dispensers. Wegmans currently powers their material handling equipment with lead-acid batteries. More Rubber flooring recycling partnership FacilityBlog / Today's Facility Manager Share
Roppe Corporation, a maker of rubber and vinyl flooring, has announced a strategic partnership with Starnet Worldwide, the Commercial Flooring Partnership, through Roppe's IMPACT program. Introduced in June 2009, IMPACT is its rubber products recycling program. Starnet Worldwide is a commercial flooring network with more than 170 independently owned and operated flooring contractor members in North America. More
Sunglass Hut celebrates New York flagship opening PR Newswire Share
Sunglass Hut, the leading global sunglass retailer, celebrates the opening of its New York Flagship store with a star-studded event hosted by Sunglass Hut's Style Director, Rachel Bilson. The Sunglass Hut flagship concept was inspired by style savvy consumers providing a fun, innovative experience that celebrates fashion and shopping. Fifth Avenue passersby will be attracted by the entirely lit up building and will then be able to experience first hand an interactive motion touch screen. In addition, they'll be able to interact with additional screens inside: taking pictures of themselves, and ultimately playing them through a sensitive touch screen. More
Best Buy opens first British shop The Independent Share
The world's largest electrical retailer, Best Buy, will open its first U.K. store in Essex to a fanfare tomorrow, but consumers will have to wait until the autumn to buy anything online. Best Buy had originally intended to introduce e-commerce at the time of opening its first trance of U.K. stores this spring in order to maximize the impact of its launch. More
The 50 fastest-growing restaurant chains National Restaurant News Share
For nearly three of the past five years, the restaurant industry and the U.S. economy in general have faced crippling economic pressures. Consumer spending stalled, operating costs rose and lending was locked down, making expansion more than difficult for foodservice players large and small. Despite all of this, restaurant growth chains can be found. Looking at the five-year growth rate of unit development among chains with more than 20 locations, market research firm Chain Store Guide has identified the 50 fastest-growing chain restaurant operators in the United States and Canada. More
JCPenney, Sears buildings, and others, compete to improve energy efficiency Environmental Leader Share
JCPenney and Sears stores are among 14 commercial buildings that are competing in the first national energy efficiency contest sponsored by the U.S. Environmental Protection Agency. The building that trims the most kilowatt hours will be declared the winner in October 2010. The EPA received nearly 200 applications and selected 14 finalists to be judged on their energy performance from Sept. 1, 2009 to Aug. 31, 2010. More
Starbucks releases 2009 Global Responsibility Report Gourmet Retailer Share
Starbucks Coffee Company recently released its ninth annual Global Responsibility Report, which outlines its fiscal 2009 performance in ethical sourcing, environmental stewardship and community involvement. The report is now available online at starbucks.com/responsibility2009. "We urge our global partners, customers and other stakeholders to join forces with us as we enter the next phase of this journey." More
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