FINANCE

Report: Ron Johnson not stepping down

BY Marianne Wilson

New York — Another day, another J.C. Penney story. Amid rumors that Penney chief executive Ron Johnson was stepping down, the chain flatly denied the allegations.

“Ron Johnson is not quitting or resigning from J.C. Penney and he has no plans to do so,” Joey Thomas, a Penney spokesman said in an e-mail reported by Bloomberg. “The rumors are false.”

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P.Kaye says:
Mar-13-2013 12:21 pm

Damage is Done
The damage is done, once the board ousts Ron Johnson, his successor will preside over the death of an institution. Junior department stores like Kohl's and Bealls can thank Ron Johnson for the influx of customers. He still retained many while JCP was flushing inventory but once his ELP boutiques were in place he not only alienated the bargain shopper but he failed to lure the boutique shoppers from Macy'sDillard'sds, and Saks...

J.Shaughness says:
Mar-13-2013 10:43 am

Ron Johnson
He has many more deck chairs to rearrange on the Titanic before he leaves.

buangsila001 says:
Mar-13-2013 05:26 am

J.C. Penny stores mostly
J.C. Penny stores mostly positioned in suburban shopping malls. It has over 1,000 department stores in all 50 U.S. states and Puerto Rico. - J. Kale Flagg

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OPERATIONS

Office Depot receives EPA’s Climate Leadership Award

BY Marianne Wilson

Boca Raton, Fla. — Office Depot has been recognized with a Climate Leadership Goal Achievement Award for Excellence in Greenhouse Gas Management by the U.S. Environmental Protection Agency’s Center for Corporate Climate Leadership, the Association of Climate Change Officers the Center for Climate & Energy Solutions, and The Climate Registry.

The awards were presented during the Climate Leadership Conference in Washington, D.C. on February 28, to recognize and encourage exemplary corporate, organizational, and individual leadership in reducing carbon pollution and addressing climate change.

The Goal Achievement Award recognizes organizations that publicly report and verify Greenhouse Gas (GHG) inventories and achieve aggressive reduction goals. In 2010, in collaboration with EPA’s former Climate Leaders program, Office Depot adopted a goal of reducing U.S. GHG emissions by 20% by 2012, with 2007 as a baseline year. By the end of 2011, Office Depot had achieved a 29% reduction in the U.S. versus its baseline year.

“Office Depot recognizes that taking action on climate change is good for business and good for the environment,” said Yalmaz Siddiqui, senior director of environmental strategy for Office Depot. “We’ve made a series of fiscally sound investments in energy efficiency that have far exceeded our investment performance requirements, delivered rapid ROI, and reduced our carbon footprint substantially. By achieving our carbon reduction goal, we’ve proven again that there doesn’t need to be a conflict between economic and environmental goals — you just have to choose to invest in the right things.”

Under the leadership of Ed Costa, VP construction, Office Depot, the company has made numerous energy efficiency investments, including:

  • De-lamping one out of every three bulbs in tens of thousands of fixtures across more than 1,000 stores, while maintaining similar light output by adding reflectors above the remaining two bulbs;
  • Installing motion detectors in warehouses, stores and business offices;
  • Upgrading heating, ventilation and air conditioning systems;
  • Using Big Ass Fans in select locations to reduce air conditioning requirements;
  • Participating in load shedding programs with utilities in numerous jurisdictions; and
  • Centrally controlling energy across the U.S. with an energy management system.

In addition to helping achieve its carbon-reduction goal one year ahead of schedule, these efforts helped Office Depot achieve the following extraordinary results:

  • An 84% Internal Rate of Return (IRR) from the $8M de-lamping/reflectors project;
  • A reduction in electricity use across all stores in North America from 625,000 MWh in 2007 to 433,000 MWh in 2011 – a drop of 31%, while facilities under management dropped just 8%;
  • A reduction in electricity costs across all stores in North America from $56 million in 2007 to $46 million in 2011; and
  • A reduction in natural gas use across all stores in North America from 361,000 mmBTUs in 2007 to 326,000 mmBTUs in 2011.
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S.Gacho says:
Mar-13-2013 03:31 am

Catalog Chain are mostly sold
Catalog Chain are mostly sold of the Mr. how units to a variety of buyers builders and home style. Envisioned a store for office products where costumers could purchase items in bulk. - Rich Von Alvensleben

S.Gacho says:
Mar-13-2013 03:31 am

Catalog Chain are mostly sold of the Mr. how units to a variety of buyers builders and home style. Envisioned a store for office products where costumers could purchase items in bulk. - Rich Von Alvensleben

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FINANCE

Bon-Ton Q4 profit tops Street

BY Staff Writer

York, Pa. — The Bon-Ton Stores reported better-then-expected fourth quarter net income of $74.4 million, compared with $78.2 million in the year-ago period.

Revenue for the three months ended Feb. 2 increased 3.2% to $1.02 billion, missing the Street’s view of $1.04 billion. Same-store sales increased 1%. (Results for the fourth quarter and fiscal 2012 are impacted by the inclusion of an additional week in each period, resulting in a 14-week and 53-week reporting period.)

“We were pleased with our fourth quarter results and our accomplishments throughout 2012. We sequentially improved the business each quarter through a number of key initiatives, including a better balanced merchandise assortment, more disciplined inventory management, enhanced marketing efforts and upgrades to our e-commerce business,” said Bon-Ton CEO Brendan Hoffman.

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itoffer says:
Mar-20-2013 07:34 am

The necessities for an MCITP
The necessities for an MCITP Certification vary between technologies. Several of them require an associated MCTS certification, which typically means passing one or two exams.? MCSA certification

itoffer says:
Mar-20-2013 07:34 am

The necessities for an MCITP Certification vary between technologies. Several of them require an associated MCTS certification, which typically means passing one or two exams.? MCSA certification

S.Gacho says:
Mar-13-2013 03:56 am

Bon-Ton was initially
Bon-Ton was initially retained operating with Hess's flagship location until 1996 it when closed after nearly 100 years of continuos operation. then the site was demolished. -Rich Von Alvensleben

S.Gacho says:
Mar-13-2013 03:56 am

Bon-Ton was initially retained operating with Hess's flagship location until 1996 it when closed after nearly 100 years of continuos operation. then the site was demolished. -Rich Von Alvensleben

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