STORE SPACES

Petco earns EPA Energy Star Leader recognition

BY CSA STAFF

San Diego — Petco said Tuesday that the U.S. Environmental Protection Agency has recognized the pet specialty retailer as an Energy Star Leader for reducing energy consumption by more than 10% across its building portfolio.

The company’s efforts have prevented more than 30,000 metric tons of carbon dioxide (CO2) emissions from entering the atmosphere.

"At Petco, we’re committed to making a better world for people and pets, which includes reducing our environmental impact across our business," said Jim Myers, CEO. "Energy efficiency is an integral part of that commitment and our broader approach to driving more sustainable business practices across our company. We’re proud to join the EPA’s list of Energy Star leaders and of the important accomplishments that earned this recognition."

Energy Star Leaders are named for reducing energy consumption by at least 10% across a portfolio of buildings, based on EPA’s standardized tools for tracking energy use. Petco has been an Energy Star partner for several years, but became much more active in using the program’s data management tools in 2009, further improving energy efficiency.

"With Energy Star’s Portfolio Manager tool, we were able to see the efficiency scores of every Petco store, distribution center and office building," said Kristin Rock, energy manager and a leader on the company’s sustainability team. "The tool provided valuable insight into our most and least efficient locations so we could target and prioritize our energy reduction efforts."

Significant investments in energy management controls, efficient lighting and HVAC systems, and Energy Star appliances lowered Petco’s total energy use from 2007 through 2009, even as the company added 114 stores during that time.

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FINANCE

Macy’s Q4 profit rises 50% on strong holiday selling season

BY CSA STAFF

Cincinnati — Macy’s reported Tuesday that net income jumped 50% in the fourth quarter ended Jan. 29, and projected its full-year profit would meet Wall Street expectations.

After a strong holiday season, the retailer earned $667 million in the fourth quarter, compared with $445 million in the year-ago period.

Revenue rose 5% to $8.27 billion, just missing analysts’ average forecast for $8.28 billion. Same-store sales increased 4.3%.

“We believe that our company is now on a clear path that will lead to continued growth in sales, earnings and cash flow in the years ahead,” said Terry J. Lundgren, chairman, president and CEO of Macy’s. “We remain in the early phases of implementing several key strategies — localizing assortments through My Macy’s, embracing customer centricity and driving omnichannel integration.”

For the year, same-stores sales rose 4.6%, compared with Macy’s forecast for a 1% to 2% rise. Online sales gained 28.7% for the fiscal year.

"Fiscal 2010 was a very successful year for Macy’s and Bloomingdale’s based on a combination of strong sales, steady margins and continued expense discipline," Lundgren said.

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News

J.Jill teams with Alliance Data for private label credit-card services

BY CSA STAFF

Dallas — Alliance Data Systems Corp., a provider of loyalty and marketing solutions derived from transaction-rich data, said Tuesday it has signed a new, long-term agreement to provide private label credit-card services to women’s apparel retailer J.Jill.

Under terms of the agreement, Alliance Data will provide private label credit-card services for the J.Jill credit card, including account acquisition and activation, receivables funding, card authorization, private label credit-card issuance, statement generation, remittance processing, customer service functions, and marketing services.

Additionally, Alliance Data said it purchased J.Jill’s existing file of private label credit-card accounts, acquiring a moderate size portfolio in the $50 million range.

Details of the purchase price were not disclosed.

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