Kohl’s tops in green power purchases
New York City Kohl’s Department Stores tops the most recent quarterly ranking by the Environmental Protection Agency of green power purchases by retailers. Kohl’s, which more than doubled its green power purchase, also secured a top spot (No. 3) on the National Top 50 list, where Intel Corp. and PepsiCo. secured the No. 1 and No. 2 spots, respectively.
EPA’s National Top Partner lists highlight EPA Green Power Partners that have completed the largest annual voluntary green power purchases through April 7.
In 2009, Kohl’s purchased more than 600 million kilowatt-hours of green power through renewable energy credits in such areas as solar, wind and landfill gas. This is more than double Kohl’s previous green power commitment and enough to meet 50% of the company’s purchased electricity use.
According to the EPA, Kohl’s green power purchase of 600 million kWh is equivalent to avoiding carbon-dioxide emissions from more than 79,000 passenger vehicles per year, or is the equivalent amount of electricity needed to power nearly 60,000 average American homes annually.
“Kohl’s recognizes the significant value of green power for our business, our customers and the environment,” said Ken Bonning, executive VP store planning and logistics, Kohl’s, Menomonee Falls, Wis. “Purchasing renewable energy credits not only helps Kohl’s work toward the goal of reducing our carbon footprint, it also helps fund additional renewable energy projects that will have a positive impact on our communities far into the future.”
A member of EPA’s Green Power Partnership since 2006, Kohl’s purchases green power in support of the Fortune 500 Green Power Challenge — an EPA program challenging Fortune 500 companies to collectively exceed 10 billion kWh of green power purchasing by the end of 2009. Kohl’s most recent green power purchase also qualifies the company for EPA’s Green Power Leadership Club, a distinction given to organizations that have significantly exceeded EPA’s minimum purchase requirements. Green Power Leadership Club members must purchase 10 times the Partnership’s minimum requirement organization-wide. Kohl’s was also honored by EPA in both 2008 and 2007 with the Green Power Leadership Award.
For more information on the Top 50 list of green power purchasers, visit http://www.epa.gov/greenpower/toplists/top50.htm. For more information on Kohl’s green initiatives to go to www.kohlsgreenscene.com.
Amazon.com 1Q sales up 18%
SEATTLE Amazon.com reported that first quarter net sales increased 18% to $4.89 billion in the first quarter, compared with $4.13 billion in first quarter 2008.
Net income increased 24% to $177 million in the first quarter, or 41 cents per diluted share, compared with net income of $143 million, or 34 cents per diluted share, in first quarter 2008.
Net sales for the second quarter are expected to be between $4.30 billion and $4.75 billion, or to grow between 6% and 17% compared with second quarter 2008.
Jewel-Osco launches price cut campaign
CHICAGO Supervalu-owned Jewel-Osco announced its “Big Relief Price Cut” campaign, which involves slashing prices up to 20% on thousands of items.
Discounted items include Capri Sun juice drinks, Kraft Singles cheese slices and Scott paper towels.