News

Tampa Saks Fifth Ave. to close doors in May

BY CSA STAFF

NEW YORK — Retailer Saks Incorporated will be closing its Saks Fifth Avenue store located in the WestShore Plaza in Tampa, Fla., May 4.

“This planned closing is in line with our strategy of using our resources in our most productive Saks Fifth Avenue stores. We regularly assess the productivity, profitability and potential of each of our stores and may determine that a closing is appropriate from time to time,” said Steve Sadove, chairman and CEO of Saks.

Approximately 105 associates are employed at the Tampa store. All affected full-time and part-time associates will either be offered transfer opportunities or receive appropriate employment separation packages.

“These decisions are always difficult. We are extremely appreciative of our Tampa store associates, several of whom have worked with us for many years. We are committed to giving our associates needed assistance during this period,” added Sadove.

The company has operated its Saks Fifth Avenue store in Tampa since 1998. It operates nine other Saks Fifth Avenue stores throughout Florida, including a store in nearby Sarasota. The company plans to open a new Saks Fifth Avenue store in Sarasota’s Mall at University Town Center in 2014, meaningfully expanding its presence in that market. It also operates seven Saks Fifth Avenue Off 5th outlet stores throughout the state.

Saks Incorporated currently operates 43 Saks Fifth Avenue stores, 66 Saks Fifth Avenue Off 5th stores and saks.com.

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OPERATIONS

Kohl’s details sustainability progress

BY Marianne Wilson

Menomonee Falls, Wis. — Kohl’s Department Stores released its 2012 corporate social responsibility report, providing updates on the company’s programs and accomplishments in sustainability, community relations and social compliance. The company noted that, as of the end of fiscal 2012, it has achieved 752 Energy Star-certified locations, adding 75 stores in 2012 with a goal to reach 800 certified locations by 2015.

In other sustainability highlights, at the end of fiscal 2012:

  • Kohl’s purchased more than 1.5 billion kWh of renewable energy credits, offsetting 100 percent of the company’s purchased electricity use and achieving net zero emissions for the third consecutive year.
  • Operated 137 solar arrays at stores and corporate facilities, including 16 new locations added in 2012. The company also activated its largest solar location to date at its Edgewood, Md. e-commerce fulfillment center. Kohl’s aims to have 200 active solar arrays by 2015.
  • Recycled more than 83% of all operating waste with a goal to recycle 85% by 2015.
  • Rolled out electronic signs to all stores, saving nearly 35,000 sheets of paper per store each month. In addition, all stores are now able to provide e-receipts to Kohl’s charge customers.
  • Achieved LEED (Leadership in Energy and Environmental Design) certification from the U.S. Green Building Council for more than 300 locations.
  • Operated electric vehicle (EV) charging stations at 60 locations across 16 states for customers to charge their EVs for free while they shop.

Kohl’s is also a member of the U.S. Department of Energy’s Better Buildings Challenge and has set a goal to reduce energy use by 20% in more than 112 million sq. ft. of occupied building space by 2020.

In 2012, Kohl’s also expanded its commitment to supply chain sustainability to include analysis of 50 private brand vendors, as well as the company’s top 325 national brand vendors – representing approximately 90% of the company’s merchandise spend.

The company also surveyed 38 non-merchandise business partners in the areas of transportation and consumables. Kohl’s leverages these scores in key areas of sustainability to foster consistent dialogue and education and to help vendors establish their own programs and commitments.

The report, which also details Kohl’s achievements in community relations, is available for download on Kohl’s Investor Relations page under Corporate Governance and on KohlsGreen.com.

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News

NRF weighs in on Senate vote on Marketplace Fairness Act

BY CSA STAFF

The National Retail Federation applauded a Senate vote to proceed with debate on S.743, an act to level the sales tax field for online and brick-and-mortar stores.

NRF president and CEO Matthew Shay issued the following statement: “NRF applauds today’s Senate vote on the Marketplace Fairness Act and we commend Senators Enzi, Durbin, Alexander and Heitkamp for their skilled leadership in moving this legislation ahead.”


“This is fundamentally about fairness and the need for government to end its discriminatory sales tax policy that disadvantages local, community-based retailers in favor of remote and online sellers,” he added.

“Despite what the opponents say this is not a new tax,” the statement continued. “The Marketplace Fairness Act is a common-sense piece of legislation, which allows states to enforce their own sales tax rules on remote sales, protects small business owners and e-commerce entrepreneurs with a robust small business exemption, and finally allows retailers to compete in a free and fair marketplace.”

The NRF hopes to see Senate action before Thursday morning.

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