SHARE: Email Print LinkedIn Facebook Twitter In addition to responsible mining, corporate governance and charitable giving, Tiffany & Co. outlined important reductions in carbon emissions and packaging in its second annual corporate responsibility report. The jewelry retailer reduced United States Scope 1 and 2 greenhouse gas emissions by 14.7 percent per square foot from 2006 to 2011, surpassing its 10 percent reduction goal. The Tiffany & Co. New York affiliates headquarters were also consolidated into a LEED-CI Platinum office space. Another large initiative is upgrading it paper and packaging sourcing. At the end of 2011, 100 percent of suppliers
JOHANNESBURG ( ) - Australian clothing retailer Country Road, a unit of South Africa's Woolworths, will buy local rival Witchery Group in a $181 million deal that broadens its offering in upscale apparel. Witchery Group, which is being sold by by private equity firm Gresham, operates 210 stores under the Witchery brand and 96 bag and jewellery stores under the Mimco brand. Country Road, which is 88 percent-owned by Cape Town-based Woolworths, said on Wednesday it would fund the 172 million Australian dollars deal through debt and equity. It will borrow A$92 million from banks and raise a similar
09:00 AM Eastern Daylight Time Vernon Hills Center store will be the first to feature the brand’s complete Fall assortment BROOKLYN, N.Y.--(BUSINESS WIRE)--Home furnishings retailer West Elm announced today that it will open a new retail store at 678 Post Road in Scarsdale, New York on June 28th. Located in the Vernon Hills Shopping Center, the Scarsdale store will be the first to offer the brand’s complete Fall collection featuring new furniture, textiles, decorative accessories and gifts created in collaboration with artists from South Africa. To celebrate the store opening, the brand is hosting a special sweepstakes* offering a
Gap has opened its first store in South Africa. The expansion in the region comes as the company is closing stores in North America and opening outlets in other emerging markets.
Walmart reported fourth quarter diluted earnings per share from continuing operations (EPS) of $1.51, which included net benefits of approximately $0.07 from certain tax matters and real estate transactions. The company’s EPS guidance for the quarter of $1.42 to $1.48 did not include these net benefits. This EPS compared to $1.41 last year, which included net tax benefits of approximately $0.07. Consolidated net sales for the fourth quarter were $122.3 billion, an increase of 5.8 percent from last year. Walmart U.S. reported positive comparable traffic, and comparable store sales rose 1.5 percent in the 13-week period ended Jan. 27,