North American News
Reduced energy use key to Best Buy's sustainability efforts
Best Buy reduced greenhouse gas emissions in its U.S. store operations by 14.8% in fiscal 2010, compared with its 2005 baseline, according to the company's 2010 Sustainability Report. In total, the chain said it had reduced carbon emissions by 162,155 metric tonnes below its 2005 baseline. Its original goal was an 8% reduction in carbon intensity per square foot by 2012.
Weis Q2 Earnings Jump Despite Flat Comps
Improved efficiency and store productivity helped Weis Markets improve its second-quarter profits by 34.9% despite flat same-store sales, the company said Monday.
Aeon says Q1 profit more than doubled, keeps outlook
Japan's second-largest retailer Aeon Co Ltd more than doubled its operating profit in the first quarter, buoyed by cost-cutting efforts, and stuck to its full-year outlook.
Golfsmith secures $90M loan; opening 14 stores
Golfsmith International Holdings Inc. secured a revolving credit facility for up to $90 million, the company announced Monday. The golf equipment and sports gear retailer said it will use the funds to help open 14 new stores between now and 2012.
European News
Magnit Sees Sales Improve In Q2
The Magnit grocery chain has seen its second-quarter sales improve considerably from the first three months of its fiscal year, helped by an increase in customer traffic and a general market recovery.
Information submitted to Gatekeeper Systems is kept strictly confidential and is not sold to any other entity. You can unsubscribe from MarketWatch at any time by clicking the "unsubscribe" link.
