•Comparable sales growth of 0.6% on an owned basis; 0.7% on an owned plus licensed basis •EPS and adjusted EPS of $0.44 •2019 strategic initiatives on track to deliver sales growth •Company reaffirms annual 2019 sales and earnings guidance -- “Macy’s, Inc. is off to a solid start this year, delivering our sixth consecutive quarter of comparable sales growth and making progress against the North Star Strategy. As an omnichannel retailer, we are focused on growing our customer base by providing a great experience across all channels and taking market share category by category. Our brick & mortar sales trend improved sequentially in the first quarter, supported by the Growth50 stores and Backstage. We had another quarter of double-digit growth in our digital business, and mobile continues to be our fastest-growing channel,” said Jeff Gennette, Macy’s, Inc. chairman & chief executive officer. Click "read more" below for additional information.
As part of ongoing efforts to lower the carbon footprint of its business, HP (NYSE: HPQ) today announced that it has signed a 12-year power purchase agreement (PPA) for 112 megawatts (MW) of wind power with SunEdison, Inc. (NYSE: SUNE), the world’s largest renewable energy development company.
The 112 MW of locally generated wind electricity is sufficient to power 100 percent of HP’s Texas-based data center operations, the equivalent of powering 42,600 homes each year, and will avoid the emission of more than 340,000 tons of carbon dioxide annually.
The agreement will allow HP to reach its 2020 operational greenhouse gas (GHG) emissions reduction goal by the end of FY15, five years ahead of schedule. That goal originally aimed to reduce total GHG emissions from its operations (Scope 1 and Scope 2) by 20 percent of 2010 levels by 2020.
The approximately 1.5 million square feet of Texas data center operations support HP’s entire internal global information technology (IT) requirements and the delivery of IT services to a portion of HP customers. HP currently operates five data centers in Texas, located in Houston, Hockley, Plano, and two in Austin.
“This agreement represents the latest step we are taking on HP’s journey to reduce our carbon footprint across our entire value chain, while creating a stronger, more resilient company and a sustainable world,” said Gabi Zedlmayer, vice president and chief progress officer, Corporate Affairs, HP. “It’s an important milestone in driving HP Living Progress as we work to create a better future for everyone through our actions and innovations.”
This is the first utility-scale renewable energy purchase by HP, and illustrates the company’s holistic approach to developing a sustainable cloud. That approach includes innovating breakthrough energy-optimized technology such as HP Moonshot servers, deploying the world’s most efficient data centers such as the EcoPod240a, and advancing the quantity of renewable power supply available to the grid.