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Sears Holdings meets low expectations in Q1
HOFFMAN ESTATES, Ill. — Sears Holdings reported a first-quarter net loss of $170 million, or $1.58 per diluted share, in line with the company's expectations for a net loss in the range of $145 million and $195 million, or between $1.35 and $1.81 per diluted share. The company reported net income of $16 million, or 14 cents per diluted share, in 2010.
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Ikea’s solar system in Centennial, Col., store goes live
Centennial, Col. -- Ikea on Tuesday officially plugged-in the solar energy system installed at its upcoming location in Centennial, Col. (the 415,000-sq.-ft. store is due to open on July 27).
The 60,000-sq.-ft. array consists of a 498-kW system, built with 2,212 panels. It will produce approximately 740,000 kWh of electricity annually, the equivalent of reducing at least 564 tons of carbon dioxide (CO2), eliminating the emissions of 100 cars or powering 62 homes yearly.