OPERATIONS

Supervalu increasing waste reduction efforts; 250 stores to join zero-waste program

BY Allison Cerra

Eden Prairie, Minn. — Supervalu is moving ahead with its sustainability efforts by increasing the number of stores that will divert 90% or more of their waste from local landfills by the end of the current fiscal year.

The retail chain said 250 stores will join its zero-waste program by the end of the current fiscal year ending Feb. 23, 2013. The announcement follows the company’s fourth-quarter earnings call last week, during which it reported it had transitioned 54 stores to 90% waste diversion during the past year, exceeding its original target of 40 locations.

"Last year marked incredible progress in our zero-waste efforts and we’re even more excited about what lies ahead," Supervalu president and CEO Craig Herkert said. "Keeping waste out of landfills is better for the environment, better for our customers and better for the bottom line. It’s simply the right thing for us to do."

Other sustainable store operations achievements achieved by Supervalu banners during the last year included:

  • Reduction of more than 28,000 tons of landfill waste in 2011 compared with calendar year 2010.
  • A 98% increase in mixed paper recycling, a 55% increase in hard plastic recycling, and 293% increase in the number of stores composting or diverting organic material (491 total).
  • Reduced garbage-expense costs $3.4 million and increased recycling income to more than $36 million.
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M.Fourcall says:
Oct-31-2012 01:56 pm

As part of a college thesis
As part of a college thesis for research I have to search sites with relevant information on given topic and provide them to teacher our opinion and the article. Your article helped me a lot. Mad Hippie

M.Fourcall says:
Oct-31-2012 01:56 pm

As part of a college thesis for research I have to search sites with relevant information on given topic and provide them to teacher our opinion and the article. Your article helped me a lot. Mad Hippie

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SUPPLY CHAIN

RILA praises U.S.-Colombia trade deal

BY Staff Writer

Arlington, Va. — The Retail Industry Leaders Association on Tuesday expressed support of this week’s announcement by President Barack Obama and U.S. Trade Representative Ron Kirk that the U.S.-Colombia Trade Promotion Agreement will enter into force on May 15.

"RILA and our members are delighted to see that the benefits of the U.S.-Colombia Trade Promotion Agreement will finally be realized next month. We applaud President Obama and U.S. Trade Representative Ron Kirk for their work to implement this long-anticipated trade promotion agreement," said Stephanie Lester, VP international trade.

"The Colombia FTA will benefit retailers by bringing certainty and stability to the trade relationship between the United States and Colombia," Lester said.

Colombia already has duty-free access to the United States for most goods under unilateral U.S. trade preference programs, although those programs have been plagued with uncertainty caused by expirations and short-term extensions. When implemented on May 15, the Colombia FTA will provide certainty for U.S. importers and also eliminate most of the duties Colombia now imposes on American exports of agricultural and manufactured goods, RILA said.

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FINANCE

Esprit hires new CFO

BY Staff Writer

Hong Kong — Esprit Holdings Ltd. announced Tuesday that it has hired Thomas Tang, former CFO of blue chip property firm Sino Land Co. Ltd., as its new group CFO.

Tang, who has over 30 years of experience in accounting and finance, left Sino Land in late March.

Esprit is in the throes of a major restructuring after its previous CFO resigned. Tang begins his post in May.

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