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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:
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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