News

Walmart announced that it will add solar-generating systems to another 20 to 30 sites in California and Arizona, and the majority of these locations will feature new lighter, lower-cost thin film solar technology. The new solar power systems will be designed, installed, owned and maintained by SolarCity, Foster City, Calif.

"Developing and incorporating new renewable energy sources, like thin film, reduces energy price risk and aligns very well with our commitment to solving business challenges through technology," said Kim Saylors Laster, Walmart VP energy.

UNION, N.J. - Bed Bath & Beyond reported net earnings of 70 cents per diluted share ($181.8 million) in the fiscal second quarter ended Aug. 28, an increase of approximately 35% versus net earnings of 52 cents per diluted share ($135.5 million) in the same quarter a year ago. Net sales for the fiscal second quarter of 2010 were approximately $2.137 billion, an increase of approximately 11.6% from net sales of approximately $1.915 billion reported in the fiscal second quarter of 2009.

ABILENE, Kan. - Duckwall-ALCO Stores announced that Wayne Peterson has joined the company as SVP and CFO, effective Sept. 20.

Peterson has 30 years of experience in the retail industry, most recently as CFO of Minyard Food Stores, based in the Dallas-Fort Worth area. He began his career as a financial analyst with Jewel Food Stores and progressed to CFO positions at Buttrey Food and Drug Stores Company, Copelands' Enterprises Inc., Homeland Holding Corporation, and then Minyard.