As companies try to measure the carbon footprints of their products to assign them a sustainability rating, one truth is emerging: A precise measurement is impossible. Tesco has begun labeling its private-label milk and faced the difficulty of accounting for the carbon footprint of a cow's milk versus the impact of, say, its beef.
Steve Ells started Chipotle Mexican Grill to fund his dream of owning a fine-dining restaurant. But on the way to 900 stores and $1.3 billion in annual revenue, Ells realized that his vision of "food with integrity" was gaining a wide following. "I don't know if I would ever have that kind of impact with one full-scale restaurant," he says.
In a diversification bid, Amazon has been expanding its private-label offerings. In 2004, the Internet giant introduced private-label patio furniture and has since added housewares. Amazon sells more than 1,000 private-label products, the manufacturing of which is outsourced. Chris Nielsen, vice president of home and garden product sales at Amazon, said the effort stems from customer demands.
Tommy Hilfiger global flagship store is opening on New York's Fifth Avenue. The 22,000-square-foot location will be the company's largest, and the company will host complimentary denim fittings and celebrity stylist appearances, among other perks.
Retailers in the U.S. pay up to six times more in interchange fees as do merchants in countries in the European Union, the Merchants Payments Coalition reported. "If we paid the same low credit- and debit-card swipe fees as consumers in Australia pay, then the net benefit for American consumers would have totaled $125 billion over the last four years," according to the report.