News

Toronto -- Sears Canada, Inc., an arm of Sears Holdings Corp., said Friday it has completed the transaction with landlord The Cadillac Fairview Corp. to return three stores for $170 million.

The stores – located in Vancouver, Calgary and Ottawa – are slated to be exited by Sears as of Oct 31, 2012. The agreement between Sears and the landlord was first announced in March.
 

MINNEAPOLIS — Best Buy may be dealing with all of the negative attention surrounding the resignation of Brian Dunn, but "the show must go on," as they say, and the search has begun for a new CEO. The company has announced the members of its CEO search committee. The company said the committee will oversee a global search process to identify internal and external candidates, including current interim CEO Mike Mikan.

NEW YORK — Ann Inc., the parent company of Ann Taylor and Loft, has launched AnnCares360, a program in partnership with Good360, the nonprofit leader in product philanthropy. The program will facilitate the donation of available displays, marketing items, and fixtures to local charities that support women and children.

Through the program, all Ann Inc. stores can enter valued, reusable goods into a tracking system that will link to Good360's online product donation marketplace and its network of more than 26,000 charities.

Landfill operators got some bad news this week when Walmart said it prevented 81% of waste generated by U.S. stores from going to landfills. That nugget is just one example of the progress Walmart has made on its broad sustainability agenda and was among numerous others contained in the company’s 5th annual Global Responsibility Report released this week.

SUNBURY, Pa. — Two Weis stores containing a new, environmentally efficient design have earned environmental certifications awards from the GreenChill Advanced Refrigeration Partnership, a voluntary Environmental Protection Agency alliance with food retailers to reduce refrigerant emissions and decrease their impact on the ozone layer and climate change, the grocer announced Wednesday.

SAN BERNARDINO, Calif. — Stater Bros. is making strides on the sustainability front, with six of its newest supermarkets earning the EPA GreenChill Gold Award for meeting tough environmental standards and using ozone friendly refrigerants. These GreenChill store certifications are valid for one year, and four of these Stater Bros. Supermarkets also received GreenChill Gold Awards in 2011.

Walmart held another one of its sustainability milestone meetings this week and webcast the event live from the auditorium at its home office. By the time the hour-and-a-half event was over the senior executives who participated had delivered a clear and consistent message around the company’s wide-ranging sustainability efforts.

By Vivek Venugopalan, Blog.wipro.com/tag/vivekv