Retailers go green to cut costs

Retailers go green to cut costs

Thu Jan 17, 2008 11:29am EST

By Nicole Maestri - Analysis

NEW YORK (Reuters) - For retailers, going for the green means going for the greenbacks.

That was the point hammered home at the National Retail Federation convention in New York this week.

Many retailers at the conference were touting their environmental efforts, from building stores with recycled materials to installing low-flow water faucets and investing in solar power, as benefits to the bottom line.

Meanwhile, some experts said going green would eventually become the only feasible route as energy costs skyrocket and regulators -- both federal and local -- take a hard look at businesses' environmental efforts.

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