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Staples and Starbucks join national initiative to reduce energy
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.
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Kohl's Q1 profit disappoints; on track to open 10, remodel 50 stores in 2011
Menomonee Falls, Wis. -- Kohl’s Corp. reported Thursday that first-quarter profit fell 23% on aggressive price cuts, falling to $154 million from $201 million in the year-ago period. Results met internal expectations and goals, but missed Wall Street estimates.
Sales for the quarter ended April 28 edged up 1.9% to $4.2 billion, meeting analysts’ estimates. Same-store sales inched up 0.2%.