Friday, November 22, 2024
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The Road to Energy Sustainability

by Katie Lee

— By Jason Narod —   Why it pays for your retail and restaurant facilities to be grid-interactive.     Rising costs, energy mandates, electrification trends and more prevalent power disruptions — as seen recently in California and Texas — are all trends putting the energy transition at the forefront of business stakeholder priorities. More energy demand due to mass electrification collides with needs to decarbonize existing buildings as much as possible. Commercial businesses will be disproportionately burdened by the costs and forced to adapt to these quickly changing trends …

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Newspeopleretailers

Bed Bath & Beyond Inc. Mourns the Loss of EVP and CFO

by Katie Lee

Union, N.J. — According to Bed Bath & Beyond Inc., Gustavo Arnal, executive vice president and chief financial officer of the company, passed away on September 2, 2022. The entire Bed Bath & Beyond Inc. organization is profoundly saddened by this shocking loss. “I wish to extend our sincerest condolences to Gustavo’s family. Gustavo will be remembered by all he worked with for his leadership, talent and stewardship of our company. I am proud to have been his colleague, and he will be truly missed by all of us at …

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energy managementgreen newsIndustry Voices

Moving the Needle

by Katie Lee

— By Cedar Blazek — Two major businesses effectively meet and exceed energy-efficiency goals despite COVID-19 challenges.   It’s no secret that the onset of the COVID-19 pandemic in March of 2020 brought everything to a screeching halt. Nearly overnight the world was in lockdown, businesses shuttering — some temporarily, some for good — as the overarching “What do we do now?” question blanketed the economic landscape. The pandemic forced widespread shutdowns across sectors and challenged essential businesses to adapt quickly as consumer traffic changed and public health protocols tightened. …

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Walgreens to Invest $1 Billion to Open Doctors’ Offices at U.S. Stores

by Katie Lee

Deerfield, Ill. — In its fiscal 2020 third-quarter results, Walgreens Boots Alliance Inc. said its performance was “significantly impacted by the COVID-19 pandemic,” causing sales to be roughly $700 million to $750 million lower. The decline is largely attributed to its international stores. In April, sales at Walgreens stores in the United Kingdom were down 85%. Deerfield-based Walgreens says that pharmacy volume was impacted globally by a drop in doctor visits and hospital patient admissions. Profits were also hurt by a shift to low-margin items and higher supply chain and …

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Walgreens Expands Drive-Thru COVID-19 Testing to 15 New Locations in 7 States

by Katie Lee

Deerfield, Ill. — To provide greater access to COVID-19 testing and community resources, Deerfield, Ill.-based Walgreens is working to expand drive-thru testing to 15 new sites in seven states. The locations include Arizona, Florida, Illinois, Kentucky, Louisiana, Tennessee and Texas. The testing sites will utilize Abbott’s new test, which delivers positive results in as little as 5 minutes and negative results within 13 minutes. The 15 locations are being finalized in collaboration with the U.S. Department of Health and Human Services and are planned for select hot spot markets with …

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Bed Bath & Beyond Names Chief Merchandising Officer and President of Harmon Stores

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc. has named Joe Hartsig as executive vice president, chief merchandising officer of Bed Bath & Beyond and president of Harmon Stores Inc., effective immediately. He joins the company from Walgreens. Reporting directly to Bed Bath & Beyond’s president and CEO, Mark Tritton, Hartsig will be a key member of the senior leadership team. His responsibilities will include oversight of the company’s omni-channel merchandising, planning and owned brand strategies. As president of Harmon, Hartsig will also be responsible for developing the growth strategy …

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construction and designNewsretailers

Confluent Development Completes Unique Infill Redevelopment Project in Historic St. Louis

by Katie Lee

St. Louis — Confluent Development has completed its redevelopment of the historic Southwest Bank property in St. Louis’ Southwest Garden neighborhood. The project features retailers BMO Harris Bank, which remained operational throughout the redevelopment process, and Walgreens, which recently celebrated its grand opening. Confluent Development, a Denver-based real estate investment and development firm, serves as the project’s developer and owner. The infill project represents the first development of its kind in St. Louis by preserving the historical façade along the Kingshighway Boulevard portion of the project while redeveloping the remainder …

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Walgreens to Close 200 Stores Nationwide

by Katie Lee

Deerfield, Ill. — Walgreens plans to close approximately 200 stores across the U.S. starting this fall as part of a cost-management program. Specific store locations have not been disclosed, but the new closures represent less than 3% of Walgreens’ U.S. footprint. The announcement was made in a Walgreens Boots Alliance regulatory filing the first week of August. The Deerfield, Illinois-based company had previously unveiled plans to close 200 stores in the United Kingdom. Currently, Walgreens operates more than 18,500 stores in 11 countries.   SOURCE: REBusinessOnline.com  

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Walgreens and Sprint Plan to Open Additional Sprint Express Locations

by Katie Lee

Overland Park, Kan., and Deerfield, Ill. — Walgreens and Sprint plan to expand the collaboration they had announced earlier this year, which will include 80 new locations. All of the new Sprint Express at Walgreens stores will be throughout Chicagoland and the Dallas-Ft. Worth metropolitan area, and are planned to open by the end of the year.

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