Kohls continues to expand on the solar power installed to support their stores. Over 100 stores now have solar power which generates up to 50% of what the stores electrical requirements are. The are in the process of completing 500 Energy Star Stores. They estimate they are saved $50 Million in energy costs. Each store has about 1,400 panels, supplying enough power for 36 homes. Pretty impressive.
Wal-Mart continues to push into cities with smaller stores. These stores will only be about 20,000 square feet. They have searching for real estate in New York City, San Francisco and other cities. In General Wal-Mart has been downsizing their stores a bit with the new markets they have gone into. Avg use to be 195,000 square feet, down to about 150,000 square feet. The smaller size which is only for Urban areas is expected to be in the Marketside format they have been testing since 2008. They currently have 4 which average about 15,000 square feet. Wal-Mart is looking for new energy to break through the wall it has hit in the last 5 months with negative comp store sales.
JZ
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