Macy's, Inc. Reports New Steps to Enhance Sustainability
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July 23, 2014 Macy’s, Inc. Reports New Steps to Enhance Sustainability Actions include installation of additional electric vehicle charging stations, continued rollout of LED lighting and solar, and new efforts to reduce packaging waste CINCINNATI--(BUSINESS WIRE)-- 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, 513-579-7764 Investor – Matt Stautberg, 513-579-7780 Source: Macy’s, Inc..