JCPENNEY SUCCESSFULLY POWERS THROUGH ENERGY SAVING PROGRAMS
August 26 2015 - 9:00AM
PLANO, Texas -
(Aug. 26, 2015) - After years of strategic focus and thoughtful
capital investment, JCPenney announced today the long-term results
of various Company initiatives that incorporate sustainability
practices in its day-to-day business operations. The Company
also renewed its commitment to energy management and conservation
as it continues to explore new and improved ways of lessening its
impact on the environment.
Energy Campaign
Produces Results
In 2009, JCPenney established a large-scale conservation strategy
to reduce energy consumption. After five years of aggressive
energy management by associates, various building upgrades across
the chain, and watchful remote monitoring of HVAC and lighting
systems, JCPenney reduced total Company energy usage by 19 percent
- a cost avoidance of nearly $100 million and a significant
reduction of carbon dioxide emissions.
An achievement of this scale
required strong associate participation, especially amid major
renovations within hundreds of stores during the course of the
campaign. It is estimated that nearly 46% of energy saved
came from conservation and operational improvements. The
energy-intensive construction associated with the modernization of
millions of square feet of selling space in the Men's, Women's,
Kid's and Home departments made electricity conservation
particularly challenging. In fact, it is estimated that
without the conservation efforts of JCPenney associates and
strategic capital investment by the Company during the five-year
campaign, base energy consumption would have increased nearly 2.0
percent.
"JCPenney has been
environmentally-minded for decades, and the results of our
long-term energy initiative demonstrate how seriously we take
conservation," said Katheryn Burchett, senior vice president of
corporate services and real estate. "We owe a great deal of
the success to our dedicated associates, who were mindful of their
energy decisions over the course of the campaign."
JCPenney plans to continue its
legacy of conservation well into the future, and will unveil a new
energy initiative in late 2015.
Greener Stores
and Buildings
JCPenney continues a successful affiliation with the U.S.
Department of Energy's ENERGY STAR(TM) program, having received
ENERGY STAR's Partner of the Year, Sustained Excellence designation
for the ninth consecutive year in 2015. Also, during 2014,
JCPenney received ENERGY STAR certification at 100 additional
locations. Today, the Company proudly displays the ENERGY
STAR logo in 616 stores, one distribution center and the home
office in Plano, Texas.
Conserving to
Compete
JCPenney has participated in the U.S. Environmental Protection
Agency's National Building Competition for three years in a
row. The competition pits more than 5,500 buildings from all
50 states and two U.S. territories against each other in a
tournament for the highest energy savings within one calendar
year. Three JCPenney stores were recognized for reducing
energy consumption over 20 percent in 2014, including locations in
Bishop, Calif.; Gretna, La.; and Sarasota, Fla. The Sarasota
store achieved a reduction of 27.5%, which translates to an
estimated energy cost savings of over $50,000.
Media
Relations:
(972) 431-3400 or jcpnews@jcp.com
Investor Relations:
(972) 431-5500 or jcpinvestorrelations@jcpenney.com
About JCPenney:
J. C. Penney Company, Inc. (NYSE: JCP), one of the nation's largest
apparel and home furnishing retailers, is dedicated to fitting the
diversity of America with unparalleled style, quality and value.
Across approximately 1,020 stores and at jcpenney.com, customers
will discover a broad assortment of national, private and exclusive
brands to fit all shapes, sizes, occasions and budgets. For
more information, please visit jcpenney.com.
###
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: J. C. Penney Company, Inc. via Globenewswire
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