Energy savings key in new green report
Arlington, Va. Reducing energy consumption at the store level and throughout the supply chain ranked as the key opportunity for additional cost savings in green operations in a new report by Retail Systems Research.
The report, released in partnership with the Retail Industry Leaders Association, noted that leading retailers remain committed to incorporating green practices into their operations.
It reveals that retailers have integrated environmentally sustainable practices into their business models, business practices and branding, and, in so doing, have achieved significant cost savings in their operations and benefits to brand image. The report also suggests that retailers believe considerable opportunities for expanded efforts still exist.
An overwhelming number of respondents view a reduction in energy consumption at the store level (92%) and throughout the supply chain (88%) as a key opportunity to realize additional cost savings. Other examples of high return on investment, environmentally sustainable opportunities identified in the survey include packaging (89%), product design (84%), and new store construction (79%).
Amazon.com 2Q profit down
SEATTLE Amazon.com announced that its net income for the second quarter decreased 10% to $142 million in the second quarter, or 32 cents per diluted share, compared with net income of $158 million, or 37 cents per diluted share, in second quarter 2008.
Net sales increased 14% to $4.65 billion in the second quarter, compared with $4.06 billion in second quarter 2008.
Amazon.com, which has grown to be much more than an online book seller, saw sales in worldwide electronics and general merchandise grow 35% in the second quarter. Worldwide Media sales grew 1% to $2.44 billion.
For the third quarter, Amazon.com said it expects net sales to be between $4.75 billion and $5.25 billion, or to grow between 11% and 23% compared with third quarter 2008.
Operating income is expected to be between $120 million and $210 million, or between 22% decline and 36% growth compared with third quarter 2008.
‘New Moon’ rises at Nordstrom
Nordstrom is getting in on the “Twilight” craze by launching a new collection inspired by the upcoming film, New Moon.
InStyle reported that the Nordstrom line, available in stores Oct. 15, will include jackets, tees, jewelry and other items featuring themes from the popular vampire series. More girly than goth, the collection even gives fans the opportunity to express their support for the vampire Edward or the werewolf Jacob.
Other merchandise related to New Moon likely will hit stores soon, as the film promises to be one of the bigger blockbusters of the year.