FINANCE

Waste reduction, recycling efforts returns $231 million to Wal-Mart bottom line

BY Marianne Wilson

Bentonville, Ark. — Wal-Mart Stores’ efforts to reduce waste and boost recycling added $231 million to its bottom line last year, company CFO Charles Holley said at the chain’s 2012 Global Sustainability Milestone Meeting.

Other speakers at the event, which was web cast live, included Mike Duke, president and CEO, Walmart; Doug McMillon, president and CEO, Walmart International; and Bill Simon, president and CEO, Walmart U.S.

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STORE SPACES

Michaels Stores rolls out Siemens platform EMS extensions; will drive total energy savings over 30%

BY Marianne Wilson

Buffalo Grove, Ill. — Siemens Building Technologies Division announced that Michaels Stores recently rolled out a series of Siemens advanced extensions to the Site Controls’ energy management system (EMS). The extensions will provide Michaels a cash-on-cash payback of 20 months, and an ROI exceeding 90%. In addition, the investment will drive further reductions in Michaels’ carbon footprint, the environmental equivalent of 5,600 cars from the road each year.

Since deploying the Siemens system in 2006, Michaels has seen substantial reductions in energy consumption across its building fleet of more than 1,000 stores. The additional savings created by the new advanced-capability deployments are expected to bring total EMS-related savings to more than 30%.

“Energy is our second highest store-level line item expense behind labor,” said Robin Moore, VP store development and construction, Michaels, Irving, Texas, which operates more than 1,060 stores. “Through regular KPI reviews and process improvements provided by Siemens’ Client Services team, we have been able to sustain and increase our energy savings over time, and these new extensions will take those savings even further. We have been very pleased with both the advanced technology and the consultative approach provided by our longstanding partnership with Siemens.”

The fleet-wide expansion was preceded by a thorough system analysis after a 30-site pilot and subsequent 200-site expansion. A comprehensive measurement and verification study following these deployments validated the savings delivered.

The extensions include Intelligent Demand Control Ventilation (i2DCV); psychrometric controls, which dynamically adjust temperature set points to factor in both temperature and humidity while maintaining customer comfort, and lighting automation upgrades.

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FINANCE

Tesco investing to boost U.K. operations

BY Staff Writer

New York — Tesco Plc will invest 1 billion pounds ($1.6 billion) to help turnaround its domestic operations. The chain will slow its international expansion as its concentrates on its home base.

Tesco, the United Kingdom’s largest retailer, will give a makeover to about 430 of its U.K. supermarkets, add more workers and expand its online offerings.

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