Word: wal
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Dates: during 2000-2009
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...When Wal-Mart CEO Lee Scott told the New York Times earlier this week that he was finished trying to build stores in New York City, one of his aides was quick to point out that he was only referring to Manhattan, where ground-floor space rents for about $500 a square foot, and not the city's other four boroughs. But when I talked to Scott the next day, he assured me that he said what he meant. The whole joint. He also pointed out that he was only one vote on Wal-Mart's real estate committee...
When a business with more than 7,000 stores, 1.8 million employees and $345 billion in sales changes its ways, it's hard not to notice. Wal-Mart has made itself the darling of greens with its pledge to install solar panels on many of its stores, switch to hybrid vehicles, conserve water and even buy wild-caught salmon. More important, its mandates are having an incalculable ripple effect through its 60,000 suppliers, which are being asked to join Wal-Mart's effort to reduce packaging, waste and energy use. And when Wal-Mart asks, there's little question...
...Wal-Mart is not alone. In January the U.S. Climate Action Partnership, a group that includes some of the biggest corporate players and energy users in the world--Alcoa, BP America, Duke Energy, General Electric, Lehman Brothers, Caterpillar and PG&E--asked the Federal Government to act aggressively on climate change, not least by imposing legal limits on the amount of industrial carbon dioxide emissions. The corporations know there's a virtue in going green, but they're also looking for some regulatory certainty before they make massive investments. What's more, there's money to be made...
...basics like tank tops and Capris but also dares to inch up the food chain of craftsmanship (think cashmere sweaters), avoiding the race to the bottom by refusing to woo price-conscious consumers and sell ever cheaper clothes made with ever cheaper labor--a trend driven by discounters like Wal-Mart and Kohl's that has rippled to specialty shops. He has also taken away the fashion-by-engineering ethic that made J. Crew predictably boring...
...Club's Orli Cotel. Chuck Corbitt, CEO of Corbitt Manufacturing, a top mulch supplier, told TIME that some of his mulch--including bags labeled FLORIDAGOLD--comes from Louisiana cypress but denied that it originates in endangered coastal forests. A Home Depot spokesman says the retailer is re-evaluating Corbitt. Wal-Mart is investigating consumer concerns, and an employee plans to visit the region to study the issue. Environmentalists say mulch made from pine straw or pine bark can be an effective alternative. "Cutting down cypress forests to make mulch is like melting down the Liberty Bell to make paper clips...