FINANCE

Safeway reaches $600K settlement with EPA

BY Dan Berthiaume

Pleasanton, Calif. — Safeway, Inc. has reached a $600,000 settlement with the Environmental Protection Agency (EPA) and Department of Justice (DOJ) in regard to violations of the Clean Air Act. The government alleges that Safeway neglected to repair leaks of heat-trapping gas HCFC-22 from its refrigerators in a timely manner or keep proper records of refrigerator maintenance.

Under terms of the settlement, Safeway does not have to admit any liability. However, in addition to the fine, the retailer will spend an estimated $4.1 million to upgrade equipment in order to reduce its average refrigeration leak rate from 25% to 18% or less by 2015.

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REAL ESTATE

Robert Graham to make Manhattan debut

BY Katherine Boccaccio

New York — Fashion designer Robert Graham will open his first New York City branded retail store at 380 Bleecker Street in SoHo, joining high-end neighbors such as Burberry, Brunello Cucinelli, Marc Jacobs, rag & bone, and Ralph Lauren. The Robert Graham store is slated to open this fall.

“Robert Graham was looking to be in the West Village and saw 380 Bleecker Street as an ideal location,” said Michael Buckley, CEO, Robert Graham. “This is one of the liveliest sections of Manhattan and we could not be happier to offer the full experience of Robert Graham to the local and tourist populations who crave the color and artwork that match the vibe of NYC.”

The company operates six freestanding stores in Los Angeles, Houston, Las Vegas, Boca Raton, Long Island, N.Y., and Short Hills, N.J. The label also sells at luxury department stores and boutiques.

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OPERATIONS

Barneys New York unveils new credit card program

BY Katherine Boccaccio

New York — Barneys New York has launched a new credit card program that features an “Influencer tier” for added luxury benefits and incentives.

The new program expands on the My Barneys Bag platform, which offers card members reward points based on annual spend, and offers additional benefits – through the Influencer tier – to a select group of high spenders.

Influencers will receive a black metal credit card with an Influencer icon and premium benefits offered through partnerships with The Leading Hotels of the World luxury hotel collection; Exclusive Resorts luxury destination club; and EmpireCLS Worldwide Chauffeured Services.

In-store Influencer benefits include a VIP phone reservation line offering preferred reservations to Fred’s at the Madison Avenue flagship. Influencers will also receive complimentary dessert with dinner, and waived site fees for private event bookings.

Alliance Data Retail Services is the private label credit card partner of Barneys New York, announced in April 2013.

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