STORE SPACES

REI details environmental progress in stewardship report

BY CSA STAFF

Sumner, Wash. Recreational Equipment, Inc. (REI), has released its fourth annual stewardship report, which details the company’s progress to address its operational environmental impact, efforts to introduce people to nature and protect outdoor spaces, and performance in providing an inclusive and rewarding workplace.

“REI reflects its deep commitment to stewardship in how we care for the world where we all play, work and live, and how we connect people to nature,” said Kevin Hagen, REI’s director of corporate social responsibility. “REI’s 2009 report delivers on our desire to be transparent and accountable to our employees, members, customers and other stakeholders.”

The report, available online at Rei.com/stewardship, is divided into three sections: community, environment and people. The environment section highlights progress made against REI’s five environmental strategies, which include reducing greenhouse gas emissions, sustainable paper usage, reducing waste and optimizing recycling, green building and product stewardship. Specific highlights include a reduction of the company’s absolute climate impact by 10% from 2008, and an 18% reduction of total electricity usage provided through green power purchases and rooftop solar systems.

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Toys’R’Us expands Express initiative for 2010 holiday season

BY CSA STAFF

WAYNE, N.J. Following the successful pilot program of its pop-up stores last year, Toys“R”Us announced Thursday the expansion of its Toys“R”Us Express stores, with plans to operate 600 locations in malls and shopping centers nationwide during the 2010 holiday season.

The major expansion of the Toys“R”Us Express initiative will double the number of Toys“R”Us locations available for holiday shopping needs, the company said. Last year, the company operated its first pop-up stores with nearly 90 Toys“R”Us Express locations across the country, many of which have remained open through 2010.  This year, Toys“R”Us will open more than six times the amount of these approximately 4,000-sq.-ft. locations.

“By doubling the number of Toys“R”Us locations nationwide, now more than ever we will be available when and where customers want to shop with us this holiday season,” said Jerry Storch, chairman and CEO, Toys“R”Us. “We are pleased that this significant expansion of our Toys“R”Us Express initiative also creates thousands of new jobs beyond our usual seasonal workforce build.”

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Target declares quarterly dividend

BY CSA STAFF

MINNEAPOLIS Target’s board of directors declared a quarterly dividend of 25 cents per share, payable Dec. 10 to shareholders of record Nov. 20.

The fourth quarter dividend will be the company’s 172nd consecutive dividend paid since October 1967 when the company became publicly held.

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