Office Depot’s global headquarters achieves USGBC’s LEED Gold Re-Certification for Existing Buildings: Operations and Maintenance rating system

BOCA RATON, Fla, 2016-Sep-07 — /EPR Retail News/ — Office Depot, Inc. (NASDAQ:ODP), a leading global provider of office products, services, and solutions, through its Office Depot and OfficeMax brands, today announced that the company’s global headquarters in Boca Raton, Florida, has been awarded Gold Re-Certification under the U.S. Green Building Council (USGBC)’s Leadership for Energy and Environmental Design (LEED) for Existing Buildings: Operations and Maintenance rating system.

“By achieving and maintaining Office Depot Headquarters’ Gold LEED certification throughout the past six years, we’ve been able to provide environmentally sustainable benefits to both our associates and our community,” said Michael Allison, executive vice president and chief people officer for Office Depot, Inc. “As we continue to run our facility with sustainable practices in mind, we’re able to provide healthy indoor air quality, save energy, and encourage greener practices from our associates such as recycling and carpooling.”

To achieve LEED Re-Certification for Existing Buildings: Operations and Maintenance certification, Office Depot focused primarily on monitoring and documenting environmentally sustainable programs and elements within the four walls of the facility. Features of Office Depot’s LEED Gold Certified headquarters include:

Sustainable Sites

  • Landscaping staff utilizes fuel efficient equipment.
  • Underground water retention system designed to handle storm water run-off.
  • Commuter program that encourages use of public transit.
  • Parking spots designated for carpools.

Water Efficiency

  • Rain sensor system designed to reduce water usage during landscaping.
  • Low flow aerators installed in sinks to conserve water.

Energy & Atmosphere

  • Replaced 467 128-watt (on average) metal halide fixtures with LED 50-watt fixtures, which led to a total of over 8 million kWh savings and $1 million in lifetime savings.
  • Facility is Carbon Neutral as a result of Green-e Certified Renewable Energy Credits; renewable power is equivalent to total electricity use of building.
  • Motion detectors in all conference rooms, offices and restrooms ensure that lights are off when a space is not occupied.
  • Reduced atmospheric light pollution by removing all 28 400-watt metal halide wall wash lighting.

Materials & Resources

  • Sustainable purchasing policies for ongoing consumables, technology, furniture, lighting and cleaning products continue to be written to meet or exceed LEED for Existing Buildings sustainable purchasing guidelines.
  • Solid waste management policies continue to be implemented.
  • Low mercury lamps are located throughout the building.
  • Steel case furniture triple-certified to the highest green furniture standards: MBDC Cradle to Cradle® Silver, BIFMA Level 2 and SCS (Scientific Certification Systems) Indoor Advantage Gold™.
  • Carpet used in building is 100 percent recyclable (pile and backing).

Indoor Air Quality

  • Green cleaning products for indoor janitorial use are Green Seal and EcoLogo certified.
  • Reusable micro fiber cloths are used in place of disposable paper cleaning products.
  • 95 percent of cleaning chemicals were replaced with Orbio water solution, produced onsite with water and electricity.

Innovation

  • Fourteen on-site lime, grapefruit, orange and tangerine fruit trees are planted on campus.
  • Approximately 75 percent of waste is diverted from landfills and recycled.
  • Signage is placed throughout the building to showcase the green strategies implemented.
  • Periodic events, such as Earth Week celebration, include such initiatives as providing occupant surveys for transportation and comfort, staff-wide e-waste and recycling drives, as well as forums to teach about LEED principles and the importance of working in a green building.

“At Office Depot, we not only support our customers in achieving their sustainability goals, but also work to decrease our own environmental impact,” said Rob Koch, executive vice president of business development for Office Depot, Inc. “We are proud to receive the Gold LEED Re-Certification for our global headquarters. The green features and elements of our corporate campus are good for the environment, and also impact the thousands of people who work in and visit our building every day.”

Office Depot partnered with LEED consultant TangibleGreen, Inc. to manage the project.

About Office Depot, Inc.
Office Depot, Inc. is a leading global provider of products, services, and solutions for every workplace – whether your workplace is an office, home, school or car.

Office Depot, Inc. is a resource and a catalyst to help customers work better. We are a single source for everything customers need to be more productive, including the latest technology, core office supplies, print and document services, business services, facilities products, furniture, and school essentials.

The company has annual sales of approximately $14 billion, employs approximately 49,000 associates, and serves consumers and businesses in 59 countries with approximately 1,800 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization – all delivered through a global network of wholly owned operations, franchisees, licensees and alliance partners. The company operates under several banner brands including Office Depot, OfficeMax, Grand & Toy, and Viking. The company’s portfolio of exclusive product brands include TUL, Foray, Brenton Studio, Ativa, WorkPro, Realspace and HighMark.

Office Depot, Inc.’s common stock is listed on the NASDAQ Global Select Market under the symbol ODP. Additional press information can be found at: http://news.officedepot.com.

Contact:
Rebecca Rakitin
561-438-1450
Rebecca.Rakitin@officedepot.com

Source: Office Depot, Inc.

Coach, Inc. announces the sale-leaseback of its global headquarters at 10 Hudson Yards in New York City

NEW YORK, 2016-Aug-05 — /EPR Retail News/ — Coach, Inc. (NYSE:COH) (SEHK:6388), a leading New York design house of modern luxury accessories and lifestyle brands, today announced the sale-leaseback of its global headquarters at 10 Hudson Yards in New York City. The Company received a purchase price of approximately $707 million (net of $77 million due to the developer of Hudson Yards) before transaction costs of $26 million, resulting in a gain of about $30 million which will be amortized over 20 years. Coach has simultaneously entered into a 20-year lease for the headquarters space.

Victor Luis, Chief Executive Officer of Coach, Inc., said, “We are very pleased to monetize our investment in Hudson Yards, where we were the first company to commit to the project and will be the largest tenant in the new building. We are bringing both our brands – Coach and Stuart Weitzman – together under one roof, in a modern work space, very much reflective of the Coach values and sensibility.”

“Coach has called New York City home since we were founded seventy-five years ago. We have long been part of this neighborhood and we are thrilled to be part of the new Hudson Yards development that is bringing opportunity, culture, and commerce to a great part of Manhattan. The overall design, the community integration with culture and the High Line as well as the modern amenities will continue to make Hudson Yards a sought-after destination.”

Coach, Inc. is a leading New York design house of modern luxury accessories and lifestyle brands. The Coach brand was established in New York City in 1941, and has a rich heritage of pairing exceptional leathers and materials with innovative design. Coach is sold worldwide through Coach stores, select department stores and specialty stores, and through Coach’s website at www.coach.com. In 2015, Coach acquired Stuart Weitzman, a global leader in designer footwear, sold in more than 70 countries and through its website at www.stuartweitzman.com. Coach, Inc.’s common stock is traded on the New York Stock Exchange under the symbol COH and Coach’s Hong Kong Depositary Receipts are traded on The Stock Exchange of Hong Kong Limited under the symbol 6388.

Neither the Hong Kong Depositary Receipts nor the Hong Kong Depositary Shares evidenced thereby have been or will be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to, or for the account of, a U.S. Person (within the meaning of Regulation S under the Securities Act), absent registration or an applicable exemption from the registration requirements. Hedging transactions involving these securities may not be conducted unless in compliance with the Securities Act.

This information to be made available in this presentation may contain forward-looking statements based on management’s current expectations. Forward-looking statements include, but are not limited to statements that can be identified by the use of forward-looking terminology such as “may,” “will,” “can,” “should,” “expect,” “intend,” “estimate,” “continue,” “project,” “guidance,” “forecast,” “anticipated,” “moving,” “leveraging,” “targeting,” “on track to return,” “to achieve” or comparable terms. Future results may differ materially from management’s current expectations, based upon a number of important factors, including risks and uncertainties such as expected economic trends, the ability to anticipate consumer preferences, the ability to control costs and successfully execute our transformation and operational efficiency initiatives and growth strategies and our ability to achieve intended benefits, cost savings and synergies from acquisitions, etc. Please refer to Coach Inc.’s latest Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission for a complete list of risks and important factors.

Media Contact:

Andrea Shaw Resnick
212-629-2618
Global Head of Investor Relations and Corporate Communications

Christina Colone
212-946-7252
Director, Investor Relations

Source: Coach, Inc.