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  • Canadian Tire honored for sustainability practices

    Toronto -- Canadian Tire Corp. has been honored with the Globe Award for Best Green Retailing Practices. The award is presented to the company that has demonstrated excellence in executing end-to-end sustainable practices and has made measurable environmental performance improvements to its retail operations.

  • Amazon to buy Kiva Systems for $775 million

    Seattle -- Amazon.com on Monday announced it has agreed to buy Kiva Systems Inc. for $775 million in cash. Kiva is a manufacturer of automation technology for fulfillment centers, and is best known for its mobile- robotic technology and sophisticated control software.

  • Gridiron Capital acquires Quality Solutions

    New Canaan Conn. -- Gridiron Capital, LLC, in partnership with the founder and existing  management team of Quality Sollutions Inc. announced the acquisition of QSI.

  • Bluestone Energy wins award for Stop & Shop energy-efficiency project

    Norwell, Mass. -- An energy project undertaken for The Stop & Shop Supermarket Co. by Bluestone Energy Services has been recognized as the Best Multi-Site Retail Energy Program in New England by the Association of Energy Engineers New England (AEENE).

  • New CFO to lead new era at A&P

    MONTVALE, N.J. — A&P has emerged from Chapter 11, and tasked with ensuring the company stays on sure financial footing is Raymond Silcock, who has been promoted to the role of CFO reporting to president and CEO Sam Martin. Silcock succeeds Frederic Brace, who is resigning from his roles as chief restructuring, financial and administrative officer in conjunction with A&P’s emergence from Chapter 11. Brace will continue to serve the company in an advisory capacity.

  • Guess profit dips in Q4; to focus on international, G by Guess in 2012

    Los Angeles -- Guess reported Wednesday that net earnings dipped 7.2% to $95.9 million for the quarter ended Jan. 28, compared with $103.3 million a year earlier.

    Revenue for the quarter edged up 2.5% to $775.8 million, from $756.9 million. Same-store sales dropped 5% in the quarter.

    The retailer’s greatest strength came from the performance of its Asian segment, which saw revenue surge 27.5% to $70.6 million in the fourth quarter.

  • Bi-Lo, Winn-Dixie announce completion of merger

    Jacksonville, Fla. -- Bi-Lo has announced that it has successfully completed its merger with Winn-Dixie Stores. The two banners now will be subsidiaries of privately held parent company Bi-Lo Holding. Bi-Lo and Winn-Dixie will continue to operate under the same banners, and the company said it does not expect any store closures as a result of the merger.

  • Sprouts Farmers Market and Sunflowers Farmers to merge

    New York -- Sprouts Farmers Market, a Phoenix-based natural-foods supermarket chain, has reached an agreement to merge with competitor, Sunflower Farmers Market, based in Boulder, Col. Terms of the deal were not disclosed.

    The combined company will operate 139 stores in eight states under the Sprouts banner, with annual sales of approximately $2 billion. It will open about 12 new stores this year.

    “Our operations are very similar," said Sprouts president Doug Sanders, who will lead the combined supermarket company.

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