Tesco to manage carbon footprint data worldwide with CA’s ecoSoftware
Islandia, N.Y. U.K. retailing giant Tesco has selected CA’s ecoSoftware to fulfill its long-term commitment to drive down carbon emissions across its global operations.
Tesco has implemented the solution to help increase the efficiency, speed and accuracy of its carbon accounting process, enabling the retailer to more effectively track progress in pursuit of its ambitious carbon reduction goals.
“When we announced our plan two years ago to reduce our carbon footprint by 50% across all of our global operations, we knew we were taking on a big task,” said Mike Yorwerth, IT director of Tesco plc. “Since that time, a number of people across the business have been involved in measuring, documenting and reporting on our emissions — a time-consuming, largely manual task.”
Yorwerth added that Tesco is overseeing hundreds of projects around the world designed to reduce its carbon footprint, all of which need to be prioritized and measured.
“With CA ecoSoftware, we expect to streamline the process of data management, helping to reduce errors and operational expenses, and improve our ability to communicate major milestones,” he said.
The solution helps companies manage carbon, reduce energy use and become more sustainable. It also enables organizations to better manage and govern their sustainability strategies, bringing what traditionally have been disparate departmental efforts into a centralized, cross-enterprise process and program.
Based on ambitious targets announced in 2007 using 2006 as a baseline, Tesco plans to halve emissions from existing buildings by 2020; halve distribution emissions of each case of goods delivered by 2012; and halve emissions from new stores by 2020. The company already has halved its energy use per square foot in its U.K. stores and is diverting 100% of waste from its U.K. business away from landfill, achieving this target almost a year ahead of schedule.
Gander Mountain to go private
St. Paul, Minn. Outdoor apparel and gear retailer Gander Mountain Co. said Monday it plans to become a private company, sending its shares soaring. The company operates 116 stores and three outlet units.
Gander Mountain said that its two largest shareholders, Gratco LLC and Holiday Stationstores, will pay smaller holders of less than 30,000 shares about $5.15 per share, a 35% premium to Friday’s close of $3.82. Owners of more than 30,000 shares will retain their shares and not be paid for them. The going-private transaction is expected to close in early 2010.
Gander said its directors decided it would be a disadvantage to remain publicly traded on the Nasdaq Global Market, partly due to the costs associated with regulatory requirements.
Outdoor retailers have suffered amid the recession as consumers hold back on big-ticket items. Gander Mountain finished exiting from the boat, all-terrain-vehicle and power-sports-services categories during its most recent fiscal second quarter, but it still reported a loss in sales.
Finlay starts going-out-of-business sales across its stores
New York City Finlay Enterprises, the 122 year-old jewelry retailer, is closing all of its specialty store nameplates, including Bailey Banks & Biddle, Congress Jewelers, Carlyle & Co., J.E. Caldwell, Park Promenade and Zell Brothers Jewelers. The company initiated going-out-of-business sales across its stores Saturday, which will continue until all inventory has been sold.
Finaly’s assets were sold in a bankruptcy auction last week to Gordon Brothers Group LLC, which is conducting the sales.
The company said in February that it would close the jewelry businesses it ran in department stores and concentrate on its Bailey Banks & Biddle, Carlyle, J.E. Caldwell, Park Promenade and Congress Jewelers chains. Finlay filed for bankruptcy protection in early August citing the tough economy and difficulties with vendors.
Finlay lost $28.7 million in the quarter ended May 2, after posting a $107.3 million loss in the year ended Jan. 31, according to regulatory filings.