Discounter details its wide-ranging energy initiatives
Target Corp. is deploying a number of solutions to reduce its energy use.
The retailer, recently named Energy Star Partner of the Year for the second year in a row, counts more than 1,400 of its buildings as having Energy Star status — the Environmental Protection Agency’s certification of energy efficiency — more than any other retailer. And the number is still growing as Target works towards its goal of having at least 80% of its buildings certified by 2020.
Target recently detailed its energy initiatives in a story on its web site. Here is a recap:
A typical certified Target store saves enough energy each year to power 100 homes! Check out a few standout features at some of our top Energy Star locations:
• The chain has installed more than 370,000 low-wattage LED light fixtures in stores across the country that reduce total electricity usage by an average of 10%.
• More than 350 Target locations have rooftop solar installations, which produce enough energy to offset 15% to 40% of the stores’ energy. The goal is to have 500 buildings with solar installations by 2020.
• As a member of the EPA’s GreenChill program, Target is introducing hydrofluorocarbon (HFC)-free refrigerants in its food distribution centers (FDC) and in-store refrigerated display cases. Currently, all of its FDC cold storage areas use HFC-free refrigerants and it has HFC-free refrigerated display cases in nearly 600 stores. The units are not only up to 50% more efficient than the ones they replaced), but they also eliminate greenhouse gasses that are thousands of times more powerful than carbon dioxide.
• The chain recently embarked on its first wind power partnership, investing in the 211-megawatt Stephens Ranch Wind Project, and offsetting 100% of the energy used at 60 local stores.
• Eight Target stores in the Chicago area were built with green roofs, featuring plantings and vegetation that soak up access rainwater, absorb heat and reduce pollution.
For the complete story, click here.
Peet’s Coffee & Tea, Georgetown (Washington, D.C.)
Peet’s Coffee & Tea’s three-level outpost in historic Georgetown marries a contemporary design with the locale’s storied colonial past.
Designed by Peet’s in collaboration with MBH Architects, Alameda, Calif.,the modern interior reflects the expectations of the trendy, high-end district and utilizes a mix of dark bronze, wood and brick materials. Custom painting by a local artist and a green “living” wall that extends from the mezzanine to the community gathering space on the third level area” reinforces Peet’s as a retail destination.
The age of the building and heavy usage by previous operators meant that the structure and utilities of the building were in deteriorating condition. To accommodate this, MBH replaced large portions of the roof for the building’s infrastructure and conducted extensive restoration of the existing exposed brick finishes at the interior and historic building facade, allowing the storefront to blend with the rest of the neighborhood.
Based in Emeryville, Calif., the 400-store Peet’s is owned by JAB Holdings Co., which recently acquired Panera Bread.
Supervalu in $375 million acquisition
Supervalu Inc. has entered into a deal that will expand its wholesale business into the West Coast.
The company announced it will acquire Unified Grocers, a California-based wholesale grocery distributor, for approximately $375 million.
The transaction, expected to close in mid-summer, brings together two complementary grocery wholesale organizations with combined sales of approximately $16 billion in 2016. The combined company will operate 24 distribution centers supplying customers in 46 states with a combined customer base of over 3,000 stores.
By the end of the third year of operations, the combined business will achieve a run rate of at least $60 million in cost synergies, according to Supervalu, while will be primarily result from utilizing the scale and expertise of the combined company as well as consolidation of select back office functions. The company expects to incur transition and integration costs of up to $60 million within the first two years following the completion of the transaction.
“By acquiring the Unified business, including gaining a wealth of expertise and talent, we will become a stronger and more efficient organization,” said Mark Gross, president and CEO, Supervalu. “The transaction will enhance our ability to help our customers better compete in the evolving grocery industry. We’re also excited to serve Unified’s dynamic retailer base.”
The acquisition also provides new growth opportunities across multiple geographies, including the expansion of Unified’s Market Centre division, a growing business providing specialty and ethnic products to independent customers.
“Unified’s members and customers operate some of the country’s most exciting and progressive Hispanic and multiple other ethnic formats, specialty, gourmet, natural/organic, price impact and traditional stores,” Gross said. “They complement our existing customer base and we look forward to facilitating collaboration and innovation across such an impressive collection of creative merchants.”
Following the completion of the transaction, Eden Prairie, Minnesota-based Supervalu will maintain a visible presence in Unified’s headquarters in Commerce, California, and throughout the West Coast, including management and employees of the combined company.