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Retail’s Greenest Pastures Caitlin Hawkins Jacey Durham Brittany White Caitlin Hawkins Jacey Durham Brittany White
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General Electric GE makes money by manufacturing products that are better for the environment. Not hard to argue that growth, profitability, & environmental consciousness can happily co-exist in the retail world. GE makes money by manufacturing products that are better for the environment. Not hard to argue that growth, profitability, & environmental consciousness can happily co-exist in the retail world.
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Green Quotient on the 5 biggest retailers Wal Mart- leads the pack Costco- lagging Target- innovative approach Home Depot- eco-friendly products Lowe’s- appears to be in the eco-hunt Wal Mart- leads the pack Costco- lagging Target- innovative approach Home Depot- eco-friendly products Lowe’s- appears to be in the eco-hunt
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Wal-Mart “We love the CFL and see the power this product has to unite customers in the struggle against climate change.” Vice president promotes sustainability. Web page has extensive listing of environmental efforts. 1. Using renewable energy sources & are building more energy efficient stores. 2. Reducing waste production through recycling and packaging improvements. 3. Selling products that sustain the environment at low prices. “We love the CFL and see the power this product has to unite customers in the struggle against climate change.” Vice president promotes sustainability. Web page has extensive listing of environmental efforts. 1. Using renewable energy sources & are building more energy efficient stores. 2. Reducing waste production through recycling and packaging improvements. 3. Selling products that sustain the environment at low prices.
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Costco One of the top retailers in the industry Little evidence of commitment to the environment (2006 annual report) Introducing hybrid trucks Carpool efforts to Seattle home office Not a significant effort in the long run Need to make in store improvements One of the top retailers in the industry Little evidence of commitment to the environment (2006 annual report) Introducing hybrid trucks Carpool efforts to Seattle home office Not a significant effort in the long run Need to make in store improvements
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Target “ Real commitment. Real Progress. Real Results.” Recycling garment hangers, and rechargeable batteries from customers. Low VOC carpeting in its stores & leading in redeveloping “environmentally impaired” existing properties. Certified organic producer “ Real commitment. Real Progress. Real Results.” Recycling garment hangers, and rechargeable batteries from customers. Low VOC carpeting in its stores & leading in redeveloping “environmentally impaired” existing properties. Certified organic producer
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Home Depot Counter on website that measures eco- friendly products sold Plans to introduce more environmentally friendly products that are easier for consumers to find. More than 2,500 products Counter on website that measures eco- friendly products sold Plans to introduce more environmentally friendly products that are easier for consumers to find. More than 2,500 products
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Lowe’s Website mentions its commitment but hasn’t done much. Links lead to products or tips on how consumers can reduce their energy footprint. Purchasing high-efficiency washing machines, organic fertilizers, insecticides and soil. Website mentions its commitment but hasn’t done much. Links lead to products or tips on how consumers can reduce their energy footprint. Purchasing high-efficiency washing machines, organic fertilizers, insecticides and soil.
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References http://www.fool.com/investing.value/200 7/10/03/retails-greenest-pastures.com http://www.fool.com/investing.value/200 7/10/03/retails-greenest-pastures.com http://www.usatoday.com/money/ industries/retail/2007-04-17- green-retail-usat_N.htm http://www.fool.com/investing.value/200 7/10/03/retails-greenest-pastures.com http://www.fool.com/investing.value/200 7/10/03/retails-greenest-pastures.com http://www.usatoday.com/money/ industries/retail/2007-04-17- green-retail-usat_N.htm
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