Wal-Mart Stores Inc (NYSE:WMT) posted results of a lighting program with Current, which was powered by General Electric Co (NYSE:GE) at the National Retail Federation’s leading show. As part of an underway commitment to energy efficiency, the retailer has now installed over 1.5 million LED fixtures across over 6,000 stores, distribution centers, corporate offices and parking lots in ten nations.
With energy costs conventionally representing one of the firm’s major operating expenses, the energy initiative over the previous decade has lowered lighting energy consumption and cut costs by over $100 million. Mark Vanderhelm, the VP of Energy at Wal-Mart, expressed that energy continues to be one of the major operating expenses that they can lower while offering system upgrades that enhance the customer shopping experience.
The ripple effect from these conversions to LED throughout the business is remarkably staggering. They consider that by continuing to lower one of their biggest operating expenses, they are advancing future innovation and offering on their assurance of Every Day Low Prices.
The LED lighting initiative on a commercial scale between General Electric and Walmart commenced ten years ago. Many stores feature Current’s TriGain knowhow, which is designed to enhance color vibrancy and improve product visibility in areas such as produce departments. Wal-Mart is also moving to complete controls retrofits and LED in 100% of its distribution facilities in the United States, along with a latest measure to replace all other types of overhead lighting with LED.
Maryrose Sylvester, the CEO and President of Current by General Electric, expressed that Wal-Mart is setting a remarkable example for the retail market to follow. They consider the international LED and controls change is paving the course for the next-gen of smart retail, where robust advancement toward latest digital solutions will continue enhancing the shopping experience.