New lamps, floor wax yield big savings for Walmart
The discount giant is seeing some big savings from two changes throughout its vast network of stores.
Walmart is in the middle of an extensive rollout to replace all the fluorescent lamps in its stores, warehouse clubs and parking lots with LEDs, a change that could reduce its annual energy costs by $200 million over time, reported CNBC.
In addition, the retailer has switched to a new floor wax that does need to be buffed as often, which translates into time less spent on the buffing, and less fuel for the machines, the report said.
“That one change in floor wax will save us over $20 million a year,” CFO Brett Biggs told analysts at the retailer’s investor day at its headquarters.
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Walmart is in the middle of an extensive rollout to replace all the fluorescent lamps in its stores, warehouse clubs and parking lots with LEDs, a change that could reduce its annual energy costs by $200 million over time, reported CNBC.
In addition, the retailer has switched to a new floor wax that does need to be buffed as often, which translates into time less spent on the buffing, and less fuel for the machines, the report said.
“That one change in floor wax will save us over $20 million a year,” CFO Brett Biggs told analysts at the retailer’s investor day at its headquarters.
Click here to read more.