REAL ESTATE

Landlords and retailers gather to discuss greening

BY CSA STAFF

Washington, D.C. — The Retail Industry Leaders Association, the International Council of Shopping Centers and Paladino and Co., announced Tuesday a collaborative discussion among retailers and commercial shopping center developers to bridge the current landlord and tenant divide that exists around creating sustainable, energy-efficient retail stores in the United States.

Participants in the June 9 roundtable included Wal-Mart, Petco, Ann Taylor, Target, VF Corp., Best Buy, Westfield, Vornado and Kimco, among others.

The forum, held in Washington, D.C., was the first step in an initial six-month collaboration to identify adoptable industry solutions to tackle current barriers and issues around investing in sustainable and energy-efficient stores and retail centers.

The goal of the collaboration is to explore solutions to the “landlord/tenant divide” specifically for retail, in which progress toward more sustainable lease agreements is limited by market conditions and practices that make it difficult to align return with initial investment in green practices or technologies.

“It is clear that both retailers and landlords are making significant investments in environmental sustainability independently, but ultimately, we will have more success working together,” said Hugh Cherne, senior manager of environmental sustainability for Best Buy Co. and chair of RILA’s Energy and GHG Emissions Committee. “This meeting was a great opportunity to get the conversation started and take a look at how best to team up and work on reducing our environmental impact.”

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News

Hitachi names new sales exec

BY CSA STAFF

Hitachi Power Tools has appointed Tim Hawkins as its director of home center sales for North American business, effective June 1. Hawkins previously served as director of outdoor power equipment for Hitachi Power Tools & Tanaka Power Equipment (a brand within the Hitachi Power Tools group). Prior to then, he was regional manager over the central United States for Hitachi. Hawkins first joined the company in 1998.

Headquartered in Atlanta, Hitachi Power Tools (Hitachi Koki USA) offers an extensive line of professional grade power tools and accessories for woodworking, metalworking, drilling and fastening, concrete drilling and cutting, outdoor power equipment products, as well as a complete line of pneumatic nailers, staplers, compressors and collated fasteners.

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OPERATIONS

Apple’s Ron Johnson to become CEO of J.C. Penney

BY Marianne Wilson

New York City — Ron Johnson, the man credited with building Apple’s wildly successful retail empire, is leaving the high-tech company to become CEO of J.C. Penney Co.

Johnson will take the reigns at J.C. Penney on Nov. 1. He will report to current CEO Myron (Mike) Ullman, III, who will become executive chairman. Johnson will join the company’s board, effective Aug. 1.

“I’ve always dreamed of leading a major retail company as CEO, and I am thrilled to have the opportunity to help J. C. Penney re-imagine what I believe to be the single greatest opportunity in American retailing today, the department store,” Johnson said in a statement.

Johnson, 52, has served for the past 11 years as senior VP of retail at Apple, where he led its overall retail strategy. Under his direction, Apple stores achieved a record level of growth, exceeding a billion dollars in annual sales within two years of their debut. Apple today operates some 325 stores around the globe, and contributes a reported 13% to Apple’s bottom line.

Johnson joined Apple after 15 years at Target Corp., where his last role was VP of merchandising. He is credited with developing new initiatives for branding, marketing and merchandising that helped set the chain apart.

Johnson’s departure to join J.C. Penney caught many by surprise. It comes when Apple’s stores are flourishing and the company is getting ready to ramp up its international expansion. However, many insiders speculated that Johnson could not pass up the chance to run a company.

According to various published reports, the department store chain first contacted Johnson three or four years ago. The more recent wooing started in November after activist investors Pershing Square Capital Management and Vornado Realty Trust bought 26.4% of J.C. Penney stock.

Johnson is investing $50 million of his own money in J. C. Penney by buying warrants on the company’s stock. In 2017, the warrants will give him the right to buy more than seven million shares at $29.92 a share, meaning that if he can raise the stock price he stands to make a big profit.

During his time at Apple, Johnson received total compensation valued at $141 million, according to the executive compensation firm Equilar, the New York Times reported. The analysis excludes the years 2008 and 2009, during which Johnson realized additional stock gains valued at more than $100 million, according to the report.

Johnson arrives at J.C. Penney as the chain is coping with the slowing economic recovery, still high unemployment and surging costs for cotton and other materials.

“It’s our job to rethink everything,” Johnson said in a telephone interview with Bloomberg. “Retailing’s always been about creativity, it’s about creating exciting new ways for people to shop, new products for people to purchase, new ways to do things.

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duyentran607 says:
Apr-20-2013 10:55 pm

Chatrandom.com
Johnson arrives at J.C. Penney as the chain is coping with the slowing economic recovery, still high unemployment and surging costs for cotton and other materials.Chatrandom.com

V.Lott says:
Apr-15-2013 01:08 am

Let me start by saying nice
Let me start by saying nice post. Im not sure if it has been talked about, but when using Chrome I can never get the entire site to load without refreshing many times. Could just be my computer. Thanks. Press Release Distribution

V.Lott says:
Apr-15-2013 01:08 am

Let me start by saying nice post. Im not sure if it has been talked about, but when using Chrome I can never get the entire site to load without refreshing many times. Could just be my computer. Thanks. Press Release Distribution

P.Lopez says:
Apr-09-2013 06:05 pm

Chatrandom
Apple stores achieved a record level of growth, exceeding a billion dollars in annual sales within two years of their debut. Apple today operates some 325 stores around the globe. Chatrandom

P.Lopez says:
Apr-09-2013 06:05 pm

Apple stores achieved a record level of growth, exceeding a billion dollars in annual sales within two years of their debut. Apple today operates some 325 stores around the globe. Chatrandom

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