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Sustainability

  • What the CFO Needs to Know: Construction

    Construction and construction costs are not an exact science: Information derived from data may be predicable; people are not.

    The process takes time: Construction encompasses more that just the time it takes to physically build a store. It also involves the lease-negotiating phase, drawing phases, permit phase and bidding phase.

    Smaller spaces don’t always translate into big cost reductions: It’s often assumed that as store square footage gets smaller, the overall costs go down.

  • Energy Reduction: The Next Level

    It’s a common retail scenario: Last year, several sites deployed consistent schedules and set-points and also staged energy-consuming assets into groups that engaged at different times of the day. These executed measures led to significant kWh savings.

  • H&M previews summer looks with summer camp event

    Retailer H&M showed off items from its summer fashion line with a summer camp-themed event in Brooklyn.

    Following a preview of the fashion retailer, guests participated in postcard writing activities and played Ping-Pong, culminating in a performance by Zoe Kravitz’s band, Lolawolf, around a campfire.

    "I think H&M does a really great job making clothes that are affordable but still fashionable and well made,” Kravitz said.

  • Starbucks, Downtown Disney West Side, Orlando, Florida

    Starbucks Corp. has opened its first company-operated store at Walt Disney World Resort, a nearly 4,000-sq.-ft. site at Downtown Disney West Side in Orlando, Florida.

  • American Apparel moves to fire controversial CEO

    American Apparel’s board of directors has voted to remove Dov Charney as chairman and fire him as president and CEO.

    It is expected that the termination will be effective following a 30-day cure period required under the terms of Charney’s employment agreement.

    For the time being, Charney is suspended from his positions as president and CEO, effective immediately, pending the expiration of the cure period. The board has appointed John Luttrell as interim CEO.

  • American Apparel ousts CEO/chairman Dov Charney on misconduct allegations

    Los Angeles -- Apparel retailer American Apparel Inc. has fired its controversial founder Dov Charney as chairman, effective immediately, and has moved to fire him as CEO and president. The actions come on the heels of an ongoing investigation into alleged misconduct by Charney, who has been targeted in sexual harassment lawsuits and charged with allegations of misconduct for years.

  • Johnson & Johnson adds UPS chairman and CEO to board

    Johnson & Johnson has added UPS chairman and CEO D. Scott Davis to its board as director. Davis will serve on the audit committee and the regulatory, compliance and government affairs committee.

    Davis has been with UPS for 29 years and was appointed its CEO in 2008. Under his leadership, the company has expanded its logistics network reach and capabilities throughout Europe, Asia and the Americas. Davis plans to retire Sept. 1, and will remain non-executive chairman of UPS’ board.

  • Starbucks to provide free college education for thousands of workers

    New York -- Starbucks Corp. is launching an innovative program in partnership with Arizona State University (ASU) whereby the coffee giant will help pay for the cost of an online degree for its part-time and full-time associates who work at least 20 hours a week. In a twist from the standard tuition reimbursement program, Starbucks employees who participate in the program will not be obligated to stay on with the company after graduation.

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