Walgreens Co. (NYSE: WAG) (Nasdaq: WAG), one of the nation’s leading retailers, selected energy-efficient LED lighting by Cree, Inc. (Nasdaq: CREE) for its Goodyear, Ariz. location, delivering superior illumination while lowering the total cost of ownership compared to fluorescent lighting alternatives. The 14,820 square-foot store now features Cree ® LED troffers, linear luminaires and downlights, saving the retailer thousands in annual energy and maintenance costs.
“Cree’s products deliver among the best light levels in the industry matched with superior efficacy, which helps lower our total cost of ownership since less power is needed to illuminate all levels of our shelves over alternative light fixtures,” said Jamie Meyers, manager of sustainability for Walgreens. “We had been looking to add LED technology to our corporate sustainability program for a while, and with the successful Cree ® lighting implementation at the Goodyear store, it’s clear that it’s time to roll this out on a larger level. We are planning to incorporate LED lighting into all of our new stores moving forward.”
Supporting Walgreens’ commitment to PURE (People Using Resources Efficiently), which focuses on environmental sustainability by managing energy consumption, the Cree LED lighting system allows Walgreens to reduce its energy usage and operating costs without compromising light quality. Cree CS18™ and CS14™ LED linear luminaires deliver strong vertical light levels throughout the sales floor, while Cree CR24™ troffers , designed to last 100,000 hours, help Walgreens reduce energy consumption and maintenance needs in the pharmacy. More importantly, the Cree luminaires are backed by Cree’s 10-year industry-leading limited warranty, providing investment protection.
“Our innovative LED lighting delivers real value by supporting the bottom line. Retailers no longer need to look to outdated technologies for a comprehensive lighting solution,” said Steve Barlow, senior vice president of lighting sales, Cree. “LED technology is the perfect complement to corporate social responsibility programs for leading retailers like Walgreens that are exemplifying the benefits of high-quality illumination with significant energy savings.”