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VF Q3 profit up 24%

BY Staff Writer

New York City — VF Corp. reported that its third-quarter net income rose 24% on higher prices and sales, and raised its full-year outlook and quarterly dividend.

The clothing and footwear company said profit growth came from its September acquisition of Timberland and strong sales across most of its categories.

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It wasn’t supposed to be this way

BY CSA STAFF

More Americans were online in September, and traffic to such major retail sites as Amazon.com and Walmart.com increased, but Target.com traffic was flat in the first full month following a late August site relaunch, according to the most recent “Top 50 Web Properties” report from online measurement firm comScore.

Target.com ranked 45th on the September 2011 list with 25.7 million unique visitors compared with the same month the prior year when it ranked 42nd with 25.6 million unique visitors. Sometimes flat is a good thing if the market and other competitors are declining, but that isn’t the case in the online world. During September, comScore data shows the total online audience grew to 218.5 million unique visitors compared with 212.9 million the prior year. Capitalizing on the additional online traffic was Amazon.com, which saw a huge increase in unique visitors as its traffic increased to 103.7 million from 76.7 million. Walmart increased too, but not as sharply, rising to 38.3 million unique visitors from 35.9 million unique visitors.

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ODP lone retailer in Top 10 Newsweek green list

BY CSA STAFF

NEW YORK — For the second year in a row, Office Depot was recognized in Newsweek magazine’s annual “Green Rankings” as the greenest large retailer in America. Across all industry sectors, Office Depot was ranked as America’s 8th greenest large company, a move up of 10 spots from last year, and was the only retailer in the U.S. Top 10 list.

Office Depot not only achieved the highest aggregate green score in the U.S. retail industry, but also led in Environmental Management, and disclosure of performance data.

The chain’s accomplishments on the building and facilities side include:

  • Reducing its North American waste footprint from 24,000 tons in 2008 to 16,900 in 2010; reducing costs of waste by nearly $1 million dollars a year;

  • Reducing its North American electricity footprint from 628,000MWh in 2008 to 499,000MWh in 2010, reducing electricity costs by about $15 million dollars a year;

  • Reducing its North American carbon footprint from 401,000 metric tons CO2e in 2008 to 319,000 metric tons CO2e, while driving reduction in carbon intensity as well;

  • Increasing its LEED-certified buildings footprint from 21,000 sq. ft. in 2008 to 656,000 sq. ft. in 2010, and targeting 1.1 million sq. ft. in upcoming years.

On the customer side, Office Depot recently launched its GreenerOffice Delivery Service, which is on track to save over 3,000 tons of wood and approximately $1.5 million a year by delivering goods in paper bags rather than cardboard boxes.

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