Macy’s, Inc. Reports New Steps to Enhance Sustainability
July 23 2014 - 8:00AM
Business Wire
Actions include installation of additional
electric vehicle charging stations, continued rollout of LED
lighting and solar, and new efforts to reduce packaging
waste
Macy’s, Inc. (NYSE:M) today reported a series of new initiatives
in its multi-year strategic program to enhance environmental
sustainability. They are consistent with the company’s
sustainability principles first adopted in 2008 and implemented
with increasing intensity over the past six years. Results through
2013 include a 38 percent reduction in the company’s electricity
usage since 2002 and a 95 percent adoption rate of recycled or
certified paper used in the company’s marketing materials.
“We have come a long way in making our company more efficient,
less wasteful and greener –which is important to our customers,
associates, shareholders and communities,” said Amy Hanson, the
Macy’s, Inc. executive vice president who oversees sustainability
activities. “In all, we have already implemented more than 100 new
sustainability ideas over the past six years. But the more we do,
the more we learn about opportunities for further improvement. We
are more committed today than ever to pursuing new advances in
sustainability and finding pragmatic steps we can take to become
responsible stewards of our environment while also engaging our
workforce and reducing costs.”
New and enhanced elements of sustainability at Macy’s, Inc. in
2014 include:
- Collaborating with Volta Industries to
install 17 new free-to-operate electric vehicle (EV) charging
stations outside eight Macy’s stores in the Los Angeles area by
late fall 2014. Planned locations include Del Amo Fashion Center in
Torrance, Los Cerritos Center, Montebello Town Center, Montclair
Plaza, Pasadena, Sherman Oaks Fashion Square, Simi Valley Town
Center and The Oaks in Thousand Oaks. This installation will bring
to 33 the number of EV charging stations available to customers at
Macy's store locations in southern California. In 2011, Macy’s
became the first major department store to pilot the use of EV
charging stations when it forged an agreement to install 16
charging stations outside five Macy’s stores and one Bloomingdale’s
store in the San Diego area which are currently being operated as
part of the Blink Network. Collectively, these charging stations
provide an added convenience to EV drivers and help promote the
reduction of fuel consumption and the transition to clean,
renewable energy.
- Entered a new phase of its
industry-leading program to install energy-saving LED light bulbs
in stores nationwide. The company has already installed more than
1.1 million LED bulbs in more than 800 Macy’s and Bloomingdale’s
stores across America, cutting energy consumption used in lighting
by up to 73 percent compared with conventional bulbs replaced. In
2014, LED technology is being extended to begin replacing
fluorescent fixtures in store locations.
- Planning and developing 20 additional
solar power arrays to be installed on the roofs of stores and
distribution centers in California, Connecticut, Massachusetts, New
York and other states in 2014 and 2015. At year-end 2013, solar
energy was being generated on 55 active installations at Macy’s and
Bloomingdale’s facilities.
- Macy’s Private Brands – the company’s
product development organization – has joined the Sustainable
Apparel Coalition, a trade organization working to reduce the
environmental and social impacts of apparel and footwear products
around the world. SAC is comprised of brands, retailers,
manufacturers, government, and non-governmental organizations and
academic experts, representing more than a third of the global
apparel and footwear market.
- Reducing waste in the merchandise
supply chain by standardizing the size of packing cartons,
incorporating recycled polyester fibers in many woven garment
labels, minimizing packaging materials and adopting paper hangtags
made from FSC-certified paper. Work on packaging reduction is being
researched and piloted in Macy’s Private Brands, with plans to
collaborate with market merchandise vendors in the months
ahead.
- Setting new and higher goals to
increase customer adoption of electronic (paperless) billing
statements and electronic bill payment. In 2013 alone, nearly 18
percent of Macy’s and Bloomingdale’s customers opted for paperless
statements, saving about 745,000 pounds of paper.
- Driving adoption of digital receipts,
which are available in all Macy’s stores nationwide. When making a
purchase, customers can choose to have a copy of their receipt
emailed to them, thus eliminating the unnecessary use of paper
receipts. Digital receipts are a convenience for many customers and
support the company’s sustainability objective of reducing the use
of paper in its business operations. In 2013, about 6 percent of
all store transactions were paperless.
- This spring, Macy’s raised awareness
and more than $700,000 for community parks, recreation and
conservation across America in collaboration with the National
Recreation and Park Association through a program called Macy’s
Heart Your Park. Macy’s stores nationwide each selected a local
park or green space in their community to support, with more than
550 local parks benefiting from the program. Macy’s contributed
$250,000 in matching to customer donations made at Macy’s
stores.
Macy’s, Inc., with corporate offices in Cincinnati and New York,
is one of the nation’s premier retailers, with fiscal 2013 sales of
$27.931 billion. The company operates about 840 stores in 45
states, the District of Columbia, Guam and Puerto Rico under the
names of Macy’s and Bloomingdale’s, as well as the macys.com and
bloomingdales.com websites. The company also operates 13
Bloomingdale’s Outlet stores. Bloomingdale’s in Dubai is operated
by Al Tayer Group LLC under a license agreement.
All statements in this press release that are not statements of
historical fact are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Such
statements are based upon the current beliefs and expectations of
Macy’s management and are subject to significant risks and
uncertainties. Actual results could differ materially from those
expressed in or implied by the forward-looking statements contained
in this release because of a variety of factors, including
conditions to, or changes in the timing of, proposed transactions,
prevailing interest rates and non-recurring charges, competitive
pressures from specialty stores, general merchandise stores,
off-price and discount stores, manufacturers’ outlets, the
Internet, mail-order catalogs and television shopping and general
consumer spending levels, including the impact of the availability
and level of consumer debt, the effect of weather and other factors
identified in documents filed by the company with the Securities
and Exchange Commission. In light of these risks and uncertainties,
readers are cautioned not to place undue reliance on
forward-looking statements. Except as may be required by applicable
law, Macy’s disclaims any obligation to update its forward-looking
statements for any reason.
(NOTE: Additional information on Macy’s, Inc., including past
news releases, is available at www.macysinc.com/pressroom).
Macy’s, Inc.Media - Jim Sluzewski,
513-579-7764Investor – Matt Stautberg, 513-579-7780
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