STORE SPACES

Walgreens to open Well Experience flagship in Philadelphia

BY Michael Johnson

Philadelphia — Downtown Philadelphia will be the site for Walgreens’ next Well Experience flagship store, according to an online report published Friday by CBS/Philly. The new Walgreens will be located at Broad and Chestnut Streets in Center City, filling the space of what was once a Borders bookstore.

The retail space extends 26,000 sq. ft. across three floors.

The CBS/Philly report suggested the new store will open its doors this fall, citing the real estate agent who brokered the deal.

Walgreens Well Experience flagship stores currently are located in Chicago, Las Vegas, New York and Washington, D.C. In addition to this one in Philadelphia, two more are planned for Los Angeles and Boston, according to published reports.

"It’s clear we’re stepping out of the traditional drugstore format to create something completely new and unique," Walgreens president and CEO Greg Wasson shared with investors in March. "We’re combining cutting-edge design with an improved product assortment and developing the right mix of health care, beauty, fresh food and private-brand solutions to more closely meet the needs of our communities.

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Lord & Taylor in wind energy agreement with Green Mountain Energy

BY Marianne Wilson

Austin, Texas — Green Mountain Energy announced that Lord & Taylor is purchasing 100% wind energy for seven of its stores in New Jersey. With this purchase, Lord & Taylor becomes the first commercial customer in New Jersey for Green Mountain, which recently began selling to businesses in the Garden State.

Lord & Taylor signed an 18 month contract with Green Mountain to purchase over 21 million kilowatt hours (kWh) of 100% wind energy for the seven New Jersey locations. The retailer’s purchase of clean energy is expected to avoid over 23 million pounds of CO2 (carbon dioxide) over the term of the contract.

In 2011, Lord & Taylor also partnered with Green Mountain to purchase 100% wind energy for its flagship store in Manhattan, as well as its Eastchester, N.Y., store.

The wind energy to supply the seven Lord & Taylor stores will be purchased by Green Mountain in the form of renewable energy certificates (RECs). Purchasing RECs in the same quantity as Lord & Taylor’s electricity consumption ensures that the amount of energy used by each of the stores is added to the U.S. power grid from renewable sources and supports the further development of these projects.

“Green Mountain was awarded the electricity contract after a comprehensive bid process with multiple energy suppliers,” said Charles De Casteja, managing partner of Good Energy, New York City, Lord & Taylor’s energy consulting firm. “Green Mountain was selected as a result of its winning competitive electricity rate, favorable contract terms and leadership in the renewable energy industry.”

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Staples and Starbucks join national initiative to reduce energy

BY Staff Writer

New York — Staples and Starbucks Coffee Co. have joined a voluntary national initiative to reduce energy consumption. Under the Better Buildings Challenge, companies commit to reducing the energy use in their facilities by at least 20% by 2020, and to post their annual power consumption and information on their conservation projects on a U.S. Department of Energy website.

Staples, with 43 million sq. ft., joined the Better Buildings Challenge with a commitment to reduce energy intensity by 25% by 2020 and reduce its carbon footprint by 50% by 2025.

Starbucks has a commitment to reduce energy consumption in company-owned stores – 14 million sq. ft. – across the United States by at least 25% percent by 2015.

“Investments in energy efficiency that save millions in energy costs are making the American economy more competitive, protecting our air and water, and creating jobs,” said U.S. Energy Secretary Steven Chu. “We applaud these new partners in the Better Buildings Challenge for leading by example and showing the savings that energy efficiency makes possible while the U.S. positions itself as a global leader in the clean energy race.”

The Better Buildings Challenge is part of the Obama Administration’s comprehensive strategy to improve the competitiveness of American industry and business, by helping companies to save money by reducing energy waste in commercial and industrial buildings. To date, some 70 companies have signed on, including Best Buy, Kohl’s Department Stores, Walgreens and General Electric.

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