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Stop & Shop to turn food waste into energy
Quincy, Mass. -- Stop & Shop has broken ground on the company’s first anaerobic digester at its distribution center in Freetown, Massachusetts. The state-of-the-art digester will turn food scraps into clean energy.
As part of its sustainability efforts, Stop & Shop plans to donate and divert as much food waste and unsold food as possible to regional food banks and farms. But food that cannot be donated will be sent to the digester. The supermarket retailer has set a long-term goal to divert 90% of waste going to landfills.
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Sears, Macerich form $150 million joint venture for nine mall stores
Hoffman Estates, Ill. – Sears Holding Corp. and Santa Monica, California-based shopping mall operator The Macerich Co. are forming a 50/50 joint venture that will purchase nine Sears stores located in Macerich malls for $150 million. The venture will then lease the stores back to Sears or to other retailers.
Sears has entered two other similar leaseback joint ventures during April 2015, including deals with General Growth Properties and Simon Property Group. According to Macerich, the stores have average in-line sales of $680 per square foot.

