STORE SPACES

Bloomberg: Apple to grow aggressively in China

BY Katherine Boccaccio

New York — A Wednesday report by Bloomberg said that Apple plans to double its number of retail stores in China over the next two years to help offset slowing growth worldwide.

CEO Tim Cook said in a Tuesday conference call that Apple’s 2Q sales in the greater China region increased 11% to a record $8.8 billion, from the 67% pace of growth in the prior quarter. A slowdown globally is prompting the company to shore up sales in China, and that is with more units than the current 11, said Cook. But, say analysts, his plan isn’t aggressive enough.

“Doubling stores over two years is simply not enough,” Shaun Rein, managing director of China Market Research Group in Shanghai, told Bloomberg. “Their sales growth is really collapsing.”

The newly announced plan is off the pace set by former head of retail operations Ron Johnson, who set a target of 25 stores by February 2012.

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Ann Inc. reaches emission goal three years ahead of plan

BY Katherine Boccaccio

New York — Ann Inc. said Monday it has already surpassed its 2015 emission goal by reducing its carbon footprint by 8% per square foot.

The parent of Ann Taylor and Loft has now upped its objective, setting a new goal of reducing emissions per square foot by 30% by 2015.

The to-date reductions in carbon emissions were achieved through the implementation of key programs ranging from the installation of in-store energy-efficient lighting to behavioral change campaigns for associates.

"We’re thrilled to surpass this goal earlier than expected,” said Kay Krill, president and CEO, Ann Inc. “It was not an easy task, but investing in new programs, coupled with the power of our passionate associates, have helped us get there."

The company devised an ACE program (Ann Conserves Energy) that has trained more than 18,000 store associates on energy efficiency best practices and behaviors, including lighting, equipment and temperature control settings. In 2012, Ann Inc. installed more than 50,000 LED light bulbs in almost 400 stores; the flagship Times Square store in New York City was also outfitted with energy-efficient LEDs, and the store’s 12,000-light-bulb marquee now uses one quarter of the energy that it used when it was first installed.

"Our LED initiative and other in-store activities have produced an increase in energy efficiency in Ann Inc.’s stores by 10% per sq. ft. in only three years," said Jeannette Ferran Astorga, VP corporate social responsibility, Ann Inc.

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Canada’s Holt Renfrew expanding and remodeling chain

BY Marianne Wilson

Toronto — Holt Renfrew will open a flagship store in spring 2016 at Square One Shopping Centre in Mississauga. The store, planned at approximately 120,000 sq.-ft., is part of the company’s aggressive growth plan, which will result in a 40% expansion of the total square footage of Holt Renfrew’s network.

In addition to the new Square One site, a number of Holt Renfrew stores will be renovated and expanded, with some completely rebuilt.

The first newly renovated store will open later this year with the completion of Holt Renfrew Yorkdale in north Toronto, currently undergoing an expansion, doubling in size to over 120,000 sq. ft.

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