WAYNE, NJ, 2014-7-21 — /EPR Retail News/ — Toys“R”Us, Inc. today announced that it has named Michael J. Short Executive Vice President and Chief Financial Officer, Toys“R”Us, Inc., effective June 23. Mr. Short, 53, a seasoned finance executive with broad retail and corporate development experience, was most recently Executive Vice President and Chief Financial Officer of AutoNation for…
Retail
Bill Campbell Retiring After 17 Years of Service
CUPERTINO, California, 2014-7-21 — /EPR Retail News/ — Apple® today announced that Susan L. Wagner, founding partner and director of BlackRock, has been elected to Apple's board of directors. Bill Campbell, the board’s longest-serving member, is retiring after 17 years of service.
Wagner co-founded BlackRock in 1988 and helped it become one…
Krasnodar, 2014-7-17 — /EPR Retail News/ — OJSC “Magnit”, Russia’s largest food retailer (MICEX and LSE ticker: MGNT) tops the Boston Consulting Group’s (BCG) 2014 List of Value Creators ranking of “The Retail Top Ten” (see chart below). Magnit ranked #1 on list “The Retail Top Ten”, with an average annual TSR of 72.2% ahead of such global…
Dallas, 2014-7-17 — /EPR Retail News/ — Crime doesn’t pay, but good behavior does, and for some kids this summer, the payoff might include a free Slurpee® drink at their neighborhood 7-Eleven® store. For the 19th year, 7-Eleven, Inc. is partnering with local police departments to distribute up to 1 million free Slurpee coupons through Operation Chill™, its popular community-service…
Earnings Per Diluted Share of $0.71; Adjusted Diluted EPS of $0.85
Comparable Store Sales Decreased 1.8%
June Comparable Store Sales Approximately Flat
Management Reaffirms Guidance for Fourth Quarter of Fiscal 2014
MATTHEWS, NC, 2014-7-17 — /EPR Retail News/ — Family Dollar Stores, Inc. (NYSE: FDO) today reported that for the third quarter of fiscal 2014 ended…
PLANO, Texas, 2014-7-17 — /EPR Retail News/ — Underscoring its commitment to fit every shape, size, color, wallet, style and occasion, J. C. Penney Company, Inc. (NYSE:JCP) today announced the launch of a new back-to-school marketing campaign that celebrates self-expression, showing how the perfect fit inspires kids to stand out and feel one-of-a-kind. The campaign kicks off…
MINNEAPOLIS, 2014-7-17 — /EPR Retail News/ — Target Corporation (“Target”) (NYSE:TGT) today announced the final results of its previously announced tender offers (the “Tender Offers”) to purchase for cash up to $1,000,000,000 (the “Maximum Payment Amount”) of its notes and debentures listed in the table below (collectively, the “Notes”), which commenced on June 17, 2014 and…
RICHMOND, Virginia, 2014-7-17 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, has officially opened its second store in Ft. Worth. Located at 4700 River Ranch Blvd., this is CarMax’s sixteenth store in Texas. The Southwest Ft. Worth store is more than 20,000-square-feet, occupies more than 11 acres, employs nearly 70…
First country in the world to serve 100% locally sourced Starbucks® coffee
First market in Latin America to offer Starbucks Reserve® Coffee and the Clover® Brewing System
50 stores planned to open in the market over next five years
Company reiterates long-term commitment to Colombian coffee farmers and announces investment in Bogota public high schools…
CBRE Enhances Market Leadership in Greater Chicago Area
Los Angeles, 2014-7-17 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) and U.S. Equities Realty, LLC today announced that the companies will combine their Chicago area operations. The transaction brings together CBRE’s global leadership and expertise across markets and business lines with U.S. Equities Realty’s strong position in…
ATLANTA, 2014-7-17 — /EPR Retail News/ — Atlanta Hall Management today announced its new logo and Chick-fil-A’s lead sponsorship of the new College Football Hall of Fame in the heart of the sports and entertainment district in downtown Atlanta. The attraction will officially be called the “College Football Hall of Fame and Chick-fil-A Fan Experience,” which will…
Milton Keynes, UK, 2014-7-17 — /EPR Retail News/ — Despite digital gadgets becoming an everyday essential for young and old, the younger generation still yearn for traditional toys; with more kids spending over five hours a week playing with classic toys (63 per cent) compared to PC and console gaming (54 per cent) 1*
New research…
LONDON, 2014-7-16 — /EPR Retail News/ — On Sunday 20 July, two of London's most iconic venues in St James’ Park will again be transformed into sports arenas as elite athletes for the 2014 Sainsbury's Anniversary Games.
Horse Guards Parade Ground, which hosted beach volleyball at the London 2012 Games, will see a temporary stadium created around a…
LONDON, 2014-7-16 — /EPR Retail News/ — Sainsbury’s has been a participant in WWF’s Global Forest & Trade Network (GFTN) in the UK since 1995.
All GFTN participants commit to progressively sourcing forest products from well-managed sources.
Sainsbury’s undertakes due diligence to assess and mitigate any risk of illegal and unwanted forest products entering into the UK market…
New Catalog Includes Inspiration for Making the Most of Your Bedroom and Bathroom
CONSHOHOCKEN, PA, 2014-7-16 — /EPR Retail News/ — IKEA announced today that the new 2015 IKEA U.S. catalog, filled with design inspiration and new products for every area of the home, will be available to the public starting this August. Themed “Where the Everyday Begins and…
Saskatchewan, Canada, 2014-7-16 — /EPR Retail News/ — The Co-operative Retailing System (CRS) is working together to support members of our communities confronted with the challenges of flood waters.
“Our thoughts are with the residents and businesses in Saskatchewan and Manitoba dealing with the impact of flood waters,” said Federated Co-operatives Limited CEO Scott Banda. “We’re all…
Arlington , VA, 2014-7-16 — /EPR Retail News/ — The Retail Industry Leaders Association (RILA) today reiterated its support for both the Marketplace Fairness Act (MFA) and the Internet Tax Freedom Act (ITFA). Legislation combining the two bills was introduced last night as the Marketplace and Internet Tax Fairness Act (MITFA). Bill Hughes, Executive Vice President…
Transaction furthers portfolio transformation and simplification strategy
NEW HYDE PARK, New York, 2014-7-16 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) today announced that it acquired a portfolio of 10 high-quality shopping centers from its joint venture with SEB Asset Management for a gross price of $275.8 million, including the assumption of $193.6 million of…
ALEXANDRIA, VA, 2014-7-16 — /EPR Retail News/ — Consumer optimism about the economy reached a 12-month high, good news for retailers hoping that a strong second half of 2014 can compensate for sluggish sales earlier this year.
Consumer optimism surged from 39% to 46% — the highest level of optimism since it stood at 48% in July 2013.…
ROCHESTER, NY, 2014-7-16 — /EPR Retail News/ — Is summer your favorite season? Who doesn’t love the picnics, barbecues, locally grown fruits and veggies, and relaxed spirit of summer parties? Warm days seem to bring out the best in food flavors, but summer is also the time to take extra care to follow basic food safety practices,…
Arlington, VA, 2014-7-16 — /EPR Retail News/ — Former U.S. Secretary of Defense and Director of the Central Intelligence Agency (CIA) Leon E. Panetta will present the keynote address at the National Grocers Association's (NGA) 2015 NGA Show in Las Vegas, February 8-11, 2015.
Panetta served as a Member of the House of Representatives from California's 16th (now…
CUPERTINO, California and ARMONK, New York, 2014-7-16 — /EPR Retail News/ — Apple® and IBM (NYSE: IBM) today announced an exclusive partnership that teams the market-leading strengths of each company to transform enterprise mobility through a new class of business apps—bringing IBM’s big data and analytics capabilities to iPhone® and iPad®.
The landmark partnership aims to redefine the…
Designed especially for university and college students, Amazon Student members can take advantage of six months of Unlimited FREE Two-Day Shipping on millions of eligible items
New program offers special discounts and promotions on school and residence essentials including electronics, household products, school supplies and more
SEATTLE, 2014-7-15 — /EPR Retail News/ — Today, Amazon.ca introduced Amazon Student.…
Cheshunt, England, 2014-7-15 — /EPR Retail News/ — It’s taken several years of careful preparation but 2014 will go down in agricultural history as the year that the UK got its own apricot industry.
While very small amounts of English grown apricots have appeared on supermarket shelves over the last few years this is the first time that…
Kesko Group's sales, excluding VAT, in June 2014 totalled €792.1 million, down 0.9%.
Helsinki, Finland, 2014-7-15 — /EPR Retail News/ — In Kesko's food trade, sales in June were €369.7 million, matching the level of the previous year. The number of delivery days in June was one more than in the previous year.
In the home and speciality…
CONSHOHOCKEN, PA, 2014-7-15 — /EPR Retail News/ — IKEA, the world’s leading home furnishings retailer, today announced it is submitting plans to Clark County, Nevada for a Las Vegas-area store that would increase the Swedish retailer’s presence in the western United States.
The application marks the beginning of the governmental approval process that could lead to the store’s…
Stockholm, Sweden, 2014-7-15 — /EPR Retail News/ — In June 2014, the H&M Group total sales including VAT increased by 12 percent in local currencies compared to the same month last year. Sales in June were negatively affected by calendar effects of approximately 3 – 4 percentage points.
The total number of stores amounted to 3,301 on…
AHOLD REPURCHASED 2,667,510 AHOLD COMMON SHARES FOR € 36.19 MILLION BETWEEN JULY 7 AND JULY 11, 2014
Zaandam, the Netherlands, 2014-7-15 — /EPR Retail News/ — Ahold has repurchased 2,667,510 Ahold common shares in the period from July 7, 2014 up to and including July 11, 2014.
The shares were repurchased at an average price of € 13.5665 per share for a total consideration of € 36.19 million. These repurchases were made as part of…
LONDON, 2014-7-15 — /EPR Retail News/ — Online sales of Non-Food products in the UK grew 10.6% in June versus a year earlier. In June 2013, they had increased by 12.5% over the previous year. This is the lowest online growth recorded since July 2013.
In June, online sales represented 17.2% of total Non-Food sales of our…
LONDON, 2014-7-15 — /EPR Retail News/ — UK retail sales were down 0.8% on a like-for-like basis from June 2013, when they had increased 1.4% on the preceding year. On a total basis, sales were up 0.6%, against a 2.9% rise in June 2013.
Excluding Easter distortions, this is the lowest total growth recorded since May 2011.…