REAL ESTATE

Verizon honors Paladino with Supplier Recognition Award in green category

BY Marianne Wilson

SEATTLE—Paladino and Company (Paladino), a sustainability and green building consulting firm, has been selected as a winner of Verizon’s 2013 Supplier Recognition Award in the green and sustainability category. The award was given in recognition of Paladino’s overall green strategic focus and longtime partnership in Verizon’s retail store volume program, which resulted in 71 Verizon Wireless stores becoming LEED certified in 2012 and more than 130 total LEED certifications through the end of 2012.

“Paladino has been a strategic business partner in augmenting Verizon’s sustainability program at our retail locations across the United States,” said James Gowen, chief sustainability officer, Verizon. “This alliance has delivered benefits to the environment, and progress towards our 2020 goal of reducing our carbon intensity by 50 percent.”

In 2012, Verizon’s green retail store design achieved precertification in the USGBC LEED Volume Program. Under the program, any Verizon Wireless Communication Store constructed using the pre-certified design will earn a LEED Silver or higher rating. Each LEED-certified Verizon store is expected to deliver, on average, the following environmental benefits and associated cost savings:

  • 12,000 kilowatt-hours of electricity per year energy savings from lighting, equivalent to the CO2 emissions from the consumption of 972 gallons of gasoline;
  • 28,000 gallons of water per year, equivalent to 455,000 glasses of water; and
  • 28 tons of construction waste diverted from landfills, equivalent to 14 cars.
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REAL ESTATE

Macy’s plans new store in Puerto Rico

BY Dan Berthiaume

CINCINNATI— Macy’s plans to open its second store in Puerto Rico in fall 2015.

The two-level, 150,000-sq.-ft. store will be located in the Plaza Del Caribe mall in Ponce. Construction is slated to begin next year and the store is expected to employ 275 associates.

“We look forward to the opportunity to serve the large and dynamic market in southern, central and western Puerto Rico with the distinctive fashion, great value and exciting shopping experience for which Macy’s is well known,” said Peter Sachse, Macy’s chief stores officer.

Macy’s opened its first Puerto Rico store in San Juan in 2000.

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C-SUITE

Genesco earnings, sales drop

BY Dan Berthiaume

NASHVILLE, Tenn. —Genesco, a specialty footwear and apparel retailer operating numerous brick-and-mortar and online retail brands including Journeys and Lids.com, reported declines in earnings and net sales for the first quarter of fiscal 2014.

The company’s earnings declined 11% to $18.5 million from $20.8.

Net sales decreased 1.5% to $591 million from $600 million. Same-store sales fell 4%. Earnings remained slightly ahead of the company’s expectations.

Geneseco chairman, president and CEO Robert J. Dennis said sales in the quarter picked up in March and April after delayed processing of income tax returns and poor weather negatively impacted them in February.

“The improved sales trends we experienced during the March-April period have accelerated during the second quarter so far with May comparable sales up 1% through May 25,” said Dennis.” We are encouraged by the recent momentum and optimistic about our prospects for the upcoming back to school season.”

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