Corporate Responsibility

Walmart observed its 50th anniversary in fine fashion this week as its share price hit an all-time high, even as the company faced familiar charges from vocal critics.

Walmart shares closed Tuesday at an all time high of $70.75, nearly 18% above the $59.97 level where they began the year and more than 46% above the 52-week low price of $48.31 seen late last summer. The move is nothing short of remarkable considering an investment in Walmart was dead money for the past dozen years as shares traded for a little more than $69 back in December 1999.

Throughout the retail industry and beyond, Walmart has earned a reputation as a leader in executing sustainable improvements that deliver positive results for consumers, communities and the company’s bottom line. Andrea Thomas, who joined Walmart in 2007, was appointed the company’s first senior VP sustainability in August 2010. Thomas talked with Chain Store Age contributing editor Connie Gentry about what sustainability means at Walmart and how the company leverages its scale to make the biggest possible impact for global good.

New York -- Energy cost savings, government/utility incentives and rebates, and enhanced brand or public image ranked as the top drivers of energy-efficiency decision-making in the United States and Canada, according to a global survey of building owners and operators and facility managers by Johnson Controls.

Dennis Cohen was named VP and general manager of the responsible sourcing unit of global product safety company Underwriters Laboratories.

Cohen spent the past 14 years at Office Depot, most recently serving as senior director of private brand operations and global sourcing. In that capacity, Cohen directed five departments and was responsible for the strategy development and operational execution of Office Depot’s $3.5 billion private brand business. He also served as director of supply chain transportation and logistics at Office Depot.

Plano, Texas -- J.C. Penney Co. has launched a charitable initiative, called jcp cares, that will support a new cause each month by inviting customers to round up their purchases to the nearest whole dollar and donate the difference to the company's featured charity partner. The retailer will join its customers in giving back by making a contribution to its charity partner each month.

The program will be supported by a robust, integrated marketing campaign which will include digital, social, mobile, in-store and direct mail and e-mail components.

By Christine Rivers

Goodwill Industries of Arkansas received a $350,000 grant this week thanks to the Walmart Foundation and the Walmart NW Arkansas Championship presented by P&G.

Goodwill is the primary charitable beneficiary of this year’s Walmart NW Arkansas Championship presented by P&G, which got underway this week amid triple digit temperatures at the Pinnacle Country Club in Rogers, Ark. The funds the organization received will be used to support a program called Providing Opportunities for Women through Education and Resources (POWER).

MENOMONEE FALLS, Wis. — Kohl’s Department Stores has donated $25,000 cash in response to the recent wildfire which caused widespread damage and evacuations in the state of Colorado. Kohl’s is making this donation to the American Red Cross which will deliver much-needed emergency assistance throughout the affected communities including those near Colorado Springs.