That the world’s biggest, most successful retailer is now striving to be one of the most sustainable as well is a credit to the vision and determination of president and chief executive Lee Scott. In 2005, Scott announced an ambitious goal: to transform Wal-Mart into a company that runs on 100% renewable energy, produces zero waste and sells sustainable products. Since then, he has won over many a green activist by committing to such specific goals as cutting the chain’s greenhouse-gas emissions by 20% during the next seven years and doubling the fuel efficiency of its truck fleet within 10 years.
By all accounts, Scott, 58, does not see himself as a tree-hugger. But there is widespread agreement that the path he has put Wal-Mart on could, given the company’s size and clout, have the same game-changing effect on mainstreaming environmental strategies that it has had on reducing prices. More than any other action Scott has undertaken, that type of rippling effect could well be his greatest achievement.
Borders to offer free resolution workshops
ANN ARBOR, Mich. Borders said Thursday that it is offering customers free in store events throughout the month of January to help them kick start their new year’s resolutions and learn how to keep them through the year. Programs include wellness fairs, yoga classes and diet seminars.
Borders reported that local organizations and community groups will be featured in activities and events at its stores across the country ranging from fitness centers and hospitals to singles groups and retirement centers.
Schulze sells 440K shares of company stock
MINNEAPOLIS Best Buy chairman and founder Richard Schulze sold 440,000 shares of Best Buy stock last week valued at $22.4 million. Schulze sold the stock at prices ranging from $50.71 to $51.18 per share. Earlier this month, Schulze sold 2.35 million shares valued at more than $120 million.
While Schulze’s stock sales are considerable, they represent just a fraction of his holdings at Best Buy. He’s estimated to still hold more than 68 million shares of stock amassed during 41 years with the company.