Walmart rolling out comprehensive waste-reduction program
BENTONVILLE, Ark. — Walmart announced it has eliminated more than 80% of the waste that would go to landfills from its operations in California by implementing a comprehensive waste-reduction program. The results far exceed the national average, where the Environmental Protection Agency estimated only 45% of waste is diverted from landfills. The California rate was 65%.
The program now is being rolled out across the chain’s 4,400 stores, Sam’s Club locations and distribution centers in the United States, moving the retailer closer to its global goal of creating zero waste. Achieving a similar 80% reduction in its landfill waste across the country would help Walmart prevent more than 11.8 million metric tons of carbon dioxide emissions annually.
“We are committed to buying, operating and selling for less, and our waste program is a great example of developing new ideas that help us save our customers money. Through this program, we are able to provide the raw materials needed to make new products, recycle millions of pounds of commodities and reduce the environmental impact of landfills,” said Bill Simon, president and CEO of Walmart U.S.
Walmart began implementing and consistently tracking its new and existing waste-reduction efforts in California in 2009. A third-party review showed that Walmart uses an appropriate process to establish its waste-reduction data. The nationwide program, based on the California model, will include an ongoing review to monitor the program’s success.
The program has three main components: organic waste solutions, food donations and recycling. The initiative utilizes hundreds of partners around the country, from local haulers to national companies, and is creating green jobs in the United States. National companies playing a leading role in helping Walmart develop this program include Quest Recycling, Feeding America, Georgia Pacific, International Paper and Greenstar, Oak Leaf, and Waste Management.
Report: Food prices see biggest jump since 1974
NEW YORK — Food prices reached peak levels last month, according to the Labor Department’s Producer Price Index.
The index noted that the month of February experienced a surge of 3.9% in food prices, the largest increase since a 4.2% climb reported in November 1974. PPI also noted that about 70% of the February rise can be attributed to higher prices for fresh and dry vegetables, which jumped 48.7%.
The Labor Department noted that, when seasonally adjusted, the PPI for finished goods increased 1.6%. This rise followed advances of 0.8% in January and 0.9% in December 2010, as well as the largest increase in finished goods prices since a 1.9% increase in June 2009.
The news followed reports that gas prices are said to rise and will prompt a spike in supply chain costs, which in turn will cause consumers to look for value-conscious shopping alternatives.
Goal! Bic scores with Mexican soccer lighters
SHELTON, Conn. — Bic is expanding its Pro Series of lighters with new Mexican soccer designs.
The lighters are emblazoned with Chivas and Club America teams’ logos and colors. The eight lighters are targeted to Mexican-American males ages 25 years and older, Bic said.
Lighters in the Bic Pro Series Mexican soccer series have a suggested retail price of $1.69 per lighter.