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  • Sport Chalet, Los Angeles

    Sport Chalet has opened its first urban retail concept, at the renovated FIGat7th center in downtown Los Angeles. Sleek and contemporary looking, the 27,000-sq.-ft. store puts the emphasis on education and training, with a dedicated central area, the “Expert Center,” for classes and clinics. It’s designed to facilitate customer interaction with in-store experts on any topic, ranging from bike repair to the area’s best surfing spots.

  • Newest version of LEED green building system to launch in fall

    New York -- The U.S. Green Building Council’s membership has voted to adopt the next version of its LEED (Leadership in Energy and Environmental Design) green building certification system.

    The new update, LEEDv4, will launch this fall at USGBC’s annual Greenbuild convention. It has been expanded to include more building sectors, such as data centers, warehouses and distribution centers.

    Another LEED v4 change includes allocating about 20% of all points to optimizing energy performance over the ASHRAE 90.1-2010.

  • Walgreens integrates with LifePics photo network

    Deerfield, Ill. – Walgreens is integrating its QuickPrints one-hour photo printing technology with the LifePics photo printing network. This means that LifePics users can now order photos through the LifePic mobile app, website or LifePic partner, and have them printed in an hour at any Walgreens store.

    "With our more than 8,000 locations, we look forward to expanding printing options and services for this category," said Jasbir Patel, senior director of photo, daily living and omni-channel for Walgreens.

     

  • Sona automates warehouse management

    Santa Fe Springs, Calif. -- Sona Enterprises, a direct wholesaler/distributor of more than 3,000 SKUs to gift shops, travel agencies, camping and hiking outfitters, auto dealerships/parts stores/repair shops, jewelry and convenience stores, has improved upon manual warehouse management procedures using the AcellosOne warehouse management system (WMS).

  • Costco starts summer right with strong June sales

    ISSAQUAH, Wash. — Costco has started the summer right, reporting sales of $9.92 billion for the month of June, the five-week period ended July 7, an 8% increase over the same period last year. 

    For the 44-week period that ended Sunday, sales were $87.05 billion, also an 8% increase over the same period last year. For the month and the 44-week period, same-store sales rose 6%.

  • PriceGrabber has a new president

    LOS ANGELES — PriceGrabber, a division of CPL Holdings, has appointed Jeff Goldstein as president. In his new role Goldstein will direct strategy and oversee the day-to-day operations of the business. 

  • Microsoft announces major realignment

    Redmond, Wash. -- In an internal email to all employees, Microsoft CEO Steve Ballmer announced a sweeping internal realignment he said will build upon a strategy launched last year to bring Microsoft more fully into the devices and services market.

    The company will reduce emphasis on its traditional strong point of consumer and business software, such as the Windows OS and Office suite of desktop applications, and focus more on computing devices such as Xbox and Surface and on services delivered to mobile device users.

  • RadioShack considering hiring financial adviser

    New York -- A Thursday report by Reuters said that RadioShack is considering bringing in a financial advisor to guide the struggling chain toward managing its looming debts and spiraling sales.

    According to the report, which cited unidentified sources, RadioShack will hear pitches from financial advisers in the coming weeks, looking for the right fit to deal with $216.4 million in convertible notes coming due August 1, as well as falling sales capped off by a 7.6% drop in the first quarter of 2013.

  • Best Buy to boost five-year bond issue to $500 million

    New York -- Bloomberg reported that Best Buy Co. has increased the size of its first bond offering since 2011 from $350 million to $500 million as it prepares to repay an equal amount of notes due July 15.

    According to the report, who cited an unidentified source, the five-year securities may yield 5%; proceeds may be used to refinance debt, fund working capital or repurchase stock.

     

  • British grocer Morrisons says it will close gap on rivals by 2015

    London -- Wm Morrison Supermarkets said Thursday it will have the technology systems, online presence and c-store counts by 2015 to significantly close the gap on its closest competitors.

    Britain’s No. 4 grocer trails Tesco, Wal-Mart's Asda and J Sainsbury in annual sales. Its CEO Dalton Philips is optimistic about the chain’s ability to compete. “I've only been here three years,” he told Bloomberg. “There was no plan for online, there was no plan for convenience and we had systems, which were 20th century.”

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