Kohl’s leads retailers in EPA Green Power list
Washington, D.C. — Kohl’s Corp. ranked second on the U.S. Environmental Protection Agency’s Green Power Partnership’s latest ranking of the Top 50 partners using the most renewable electricity.
Kohl’s joined the top-ranking Intel as the only two partners using more than 1 billion kWh of green power. The retailer increased its green power purchase to more than 1.4 billion kWh of green power annually.
Other retailers in the top ten included Whole Foods Market, Staples, which Staples, which jumped from number 28 to eight in the ranks by more than doubling its renewable energy purchases, from 22% to 52% of its power use.
J.C. Penney launches in-store Modern Bride shops
Plano, Texas — J.C. Penney Company has launched a new exclusive concept, Modern Bride, in its stores and online.
The concept, a collaboration with Conde Nast, is designed to cater to today’s bridal customer. Located in the rear of the fine jewelry department to provide an intimate customer experience, the Modern Bride in-store shops are detailed with their signage, distinctive fixtures, in-case lighting, displays and packaging, along with specially trained associates.
The online experience includes a feature that allows users to add rings to a virtual notebook, where they can compare ring features side by side. Customers can even print out their notebook page and bring it to a store for additional consultation.
In conjunction with the launch of Modern Bride, J.C. Penney will begin rolling out iPads to 50 of its fine jewelry departments. Using the iPad, associates are able to showcase J.C. Penney’s full offering of bridal fine jewelry available on jcp.com, highlighting additional style, cut, size and metal options.
GameStop board approves $500 million in buybacks
Grapevine, Texas — GameStop Corp. said Friday its board has approved buying back up to $500 million worth of the company’s stock and bonds over the next 18 months.
The retailer said the new $500 million allotment will replace a previous $300 million already set aside for buybacks, of which $138.4 million was left to spend. Stock buybacks reduce the number of outstanding shares, which boosts per-share earnings and expands the size if current shareholders’ stakes.