J. C. Penney Company, Inc. amends and extends existing stockholder rights plan to protect tax benefits

Plano, TX, US, 2014-1-28 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) (the “Company”) today announced that its Board of Directors has acted to protect the Company’s valuable net operating loss carryforwards (“NOLs”) by amending and extending the Company’s existing stockholder rights plan.

The Company has over $2 billion in NOLs, which can be used in certain circumstances to offset future taxable income and reduce federal income tax liability. The Company’s ability to use its NOLs would be substantially limited if an “ownership change” under Section 382 of the Internal Revenue Code were to occur. Ownership changes under Section 382 generally relate to the cumulative change in ownership among stockholders with an ownership interest of 5% or more (as determined under Section 382’s rules) over a rolling three year period. The amended rights plan was adopted by the Board to reduce the likelihood of an “ownership change” occurring.

The amendments to the Company’s rights plan include extending the plan’s expiration date from August 20, 2014 to January 26, 2017, and lowering the beneficial ownership threshold for a person or group to become an “acquiring person” under the plan from 10% to 4.9%. Under the amended rights plan, if any person or group acquires 4.9% or more of the outstanding shares of common stock of the Company without the approval of the Board of Directors, there would be a triggering event causing significant dilution in the ownership interest of such person or group. However, existing stockholders who currently own 4.9% or more of the outstanding shares of common stock will trigger a dilutive event only if they acquire additional shares, subject to specified exceptions.

The purpose of the amended rights plan is to protect stockholder value by preserving the Company’s ability to fully use its NOLs. The amended rights plan is similar to plans adopted by other public companies with significant net operating losses.

The amended rights plan, which takes effect immediately, will continue in effect until January 26, 2017, subject to earlier expiration in specific circumstances. The Company expects to submit the amended rights plan to a vote at the next annual meeting of stockholders in May 2014. If stockholders do not approve the amended rights plan, it will be terminated. The full text of the amended rights plan will be filed with the Securities and Exchange Commission.

Concurrently with the amendment and extension of the rights plan, the Board of Directors has adopted certain amendments to the Company’s certificate of incorporation which are also designed to preserve the Company’s ability to use its NOLs. The charter amendments would generally void transfers of shares that would result in the creation of a new 4.9% stockholder or an existing 4.9% stockholder acquiring additional shares. The Company expects to submit the charter amendments to a stockholder vote at the 2014 annual meeting. If stockholders do not approve the charter amendments, they will not become effective.

Media Relations:
(972) 431-3400 or jcpnews@jcp.com

Investor Relations:
(972) 431-5500 or jcpinvestorrelations@jcpenney.com

About JCPenney:
J. C. Penney Company, Inc. (NYSE: JCP), one of the nation’s largest apparel and home furnishing retailers, is dedicated to becoming America’s preferred retail destination for unmatched style, quality and value. Across approximately 1,100 stores and at jcp.com, customers will discover an inspiring shopping environment that features the most sought after collection of private, national and exclusive brands and attractions. For more information, please visit jcp.com.

Use of Social Media:
Investors and others should note that we currently announce material information using SEC filings, press releases, public conference calls and webcasts. In the future, we will continue to use these channels to distribute material information about the Company and may also utilize our website and/or various social media to communicate important information about the Company, key personnel, new brands and services, trends, new marketing campaigns, corporate initiatives and other matters. Information that we post on our website or on social media channels could be deemed material; therefore, we encourage investors, the media, our customers, business partners and others interested in our Company to review the information we post on our website as well as the following social media channels: Facebook (https://www.facebook.com/jcp) and Twitter (https://twitter.com/jcpnews).

Any updates to the list of social media channels we may use to communicate material information will be posted on the Investor Relations page of the Company’s website at www.jcp.com.

Forward-Looking Statements:
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expect” and similar expressions identify forward-looking statements, which include, but are not limited to, statements regarding sales trends, year-end liquidity and cost savings. Forward-looking statements are based only on the Company’s current assumptions and views of future events and financial performance. They are subject to known and unknown risks and uncertainties, many of which are outside of the Company’s control that may cause the Company’s actual results to be materially different from planned or expected results. Those risks and uncertainties include, but are not limited to, general economic conditions, including inflation, recession, unemployment levels, consumer confidence and spending patterns, credit availability and debt levels, changes in store traffic trends, the cost of goods, more stringent or costly payment terms and/or the decision by a significant number of vendors not to sell us merchandise on a timely basis or at all, trade restrictions, the ability to monetize non-core assets on acceptable terms, the ability to implement our turnaround strategy, customer acceptance of our new strategies, our ability to attract, motivate and retain key executives and other associates, the impact of cost reduction initiatives, our ability to generate or maintain liquidity, implementation of new systems and platforms, changes in tariff, freight and shipping rates, changes in the cost of fuel and other energy and transportation costs, increases in wage and benefit costs, competition and retail industry consolidations, interest rate fluctuations, dollar and other currency valuations, the impact of weather conditions, risks associated with war, an act of terrorism or pandemic, the ability of the federal government to fund and conduct its operations, a systems failure and/or security breach that results in the theft, transfer or unauthorized disclosure of customer, employee or Company information and legal and regulatory proceedings. There can be no assurances that the Company will achieve expected results, and actual results may be materially less than expectations. Please refer to the Company’s most recent Form 10-Q and subsequent filings for a further discussion of risks and uncertainties. Investors should take such risks into account and should not rely on forward-looking statements when making investment decisions. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We do not undertake to update these forward-looking statements as of any future date.

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Apple posted record revenue of $57.6 billion for its fiscal 2014 1st quarter ended December 28, 2013

Cupertino, CA, US, 2014-1-28 — /EPR Retail News/ — Apple® today (January 27, 2014) announced financial results for its fiscal 2014 first quarter ended December 28, 2013. The Company posted record quarterly revenue of $57.6 billion and quarterly net profit of $13.1 billion, or $14.50 per diluted share. These results compare to revenue of $54.5 billion and net profit of $13.1 billion, or $13.81 per diluted share, in the year-ago quarter. Gross margin was 37.9 percent compared to 38.6 percent in the year-ago quarter. International sales accounted for 63 percent of the quarter’s revenue.

The Company sold 51 million iPhones, an all-time quarterly record, compared to 47.8 million in the year-ago quarter. Apple also sold 26 million iPads during the quarter, also an all-time quarterly record, compared to 22.9 million in the year-ago quarter. The Company sold 4.8 million Macs, compared to 4.1 million in the year-ago quarter.

Apple’s Board of Directors has declared a cash dividend of $3.05 per share of the Company’s common stock.  The dividend is payable on February 13, 2014, to shareholders of record as of the close of business on February 10, 2014.

“We are really happy with our record iPhone and iPad sales, the strong performance of our Mac products and the continued growth of iTunes, Software and Services,” said Tim Cook, Apple’s CEO. “We love having the most satisfied, loyal and engaged customers, and are continuing to invest heavily in our future to make their experiences with our products and services even better.”

“We generated $22.7 billion in cash flow from operations and returned an additional $7.7 billion in cash to shareholders through dividends and share repurchases during the December quarter, bringing cumulative payments under our capital return program to over $43 billion,” said Peter Oppenheimer, Apple’s CFO.

Apple is providing the following guidance for its fiscal 2014 second quarter:

  • revenue between $42 billion and $44 billion
  • gross margin between 37 percent and 38 percent
  • operating expenses between $4.3 billion and $4.4 billion
  • other income/(expense) of $200 million
  • tax rate of 26.2 percent

Apple will provide live streaming of its Q1 2014 financial results conference call beginning at 2:00 p.m. PST on January 27, 2014 at www.apple.com/quicktime/qtv/earningsq114. This webcast will also be available for replay for approximately two weeks thereafter.

This press release contains forward-looking statements including without limitation those about the Company’s estimated revenue, gross margin, operating expenses, other income/(expense), and tax rate. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include without limitation the effect of competitive and economic factors, and the Company’s reaction to those factors, on consumer and business buying decisions with respect to the Company’s products; continued competitive pressures in the marketplace; the ability of the Company to deliver to the marketplace and stimulate customer demand for new programs, products, and technological innovations on a timely basis; the effect that product introductions and transitions, changes in product pricing or mix, and/or increases in component costs could have on the Company’s gross margin; the inventory risk associated with the Company’s need to order or commit to order product components in advance of customer orders; the continued availability on acceptable terms, or at all, of certain components and services essential to the Company’s business currently obtained by the Company from sole or limited sources; the effect that the Company’s dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity or cost of products manufactured or services rendered; risks associated with the Company’s international operations; the Company’s reliance on third-party intellectual property and digital content; the potential impact of a finding that the Company has infringed on the intellectual property rights of others; the Company’s dependency on the performance of distributors, carriers and other resellers of the Company’s products; the effect that product and service quality problems could have on the Company’s sales and operating profits; the continued service and availability of key executives and employees; war, terrorism, public health issues, natural disasters, and other circumstances that could disrupt supply, delivery, or demand of products; and unfavorable results of other legal proceedings. More information on potential factors that could affect the Company’s financial results is included from time to time in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s public reports filed with the SEC, including the Company’s Form 10-K for the fiscal year ended September 28, 2013 and its Form 10-Q for the quarter ended December 28, 2013 to be filed with the SEC. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.

Press Contact:
Steve Dowling
Apple
dowling@apple.com
(408) 974-1896

Investor Relations Contacts:
Nancy Paxton
Apple
paxton1@apple.com
(408) 974-5420

Joan Hoover
Apple
hoover1@apple.com
(408) 974-4570

Apple, the Apple logo, Mac, Mac OS and Macintosh are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

Apple Media Helpline (408) 974-2042 media.help@apple.com

Apple Inc. Unaudited Condensed Consolidated Statements of Operations

 

Apple Inc. Unaudited Condensed Consolidated Balance Sheets

 

Apple Inc. Unaudited Condensed Consolidated Statements of Cash Flows

Philippines’ mall developer and operator SM Prime Holdings transforms SM Megamall into The Philippines’ largest mall

Pasay City, Philippines, 2014-1-28 — /EPR Retail News/ — SM Prime Holdings, Inc., the Philippines’ dominant mall developer and operator is opening its doors to the Mega Fashion Hall, SM Megamall’s game changing new wing, on January 28, 2014. According to Mr. Steven Tan, Vice-President for SM Supermalls Premier Division, Mega Fashion Hall cements SM Megamall’s identity as a premier shopping, dining, and lifestyle destination. It is home to the flagship stores of the world’s most popular fashion brands Uniqlo, Zara and the much awaited Swedish retailer H&M, which will open its first store in the Philippines in the middle of the year.

The Mega Fashion Hall sets the standards for premier leisure and entertainment. Many new global brands will be opening their first store in the Philippines at the new wing, including Denmark’s Vero Moda, Spain’s Pull & Bear and Uno de 50, LA based Joe’s Jean’s, London’s Savile Row and Burton, French shoe brand Nao de Brasil, and US skincare label Philosophy. The Mega Fashion Hall brings together some of the most exciting international dining concepts – Hong Kong’s Michelin Star dimsum restaurant Tim Ho Wan, the first Saint Marc’s Café of Tokyo, and gyoza specialist Osaka Ohsho. Foodies will also love homegrown specialty restaurants like Abe, artisanal pastries at Chez Karine, and the hearty Viking’s Buffet. And of course, the Mega Food Hall opens up a whole new world of dining possibilities.

Spanning an additional gross floor area (GFA) of 101,000 square meters (sqm), SM Megamall is now the largest mall in the Philippines todate. Here, film enthusiasts can enjoy the larger than life IMAX Theater, as well as private screening functions at the Director’s Club, which has its own butler service. An Olympic- sized ice skating rink and a fully computerized 14- lane Bowling Center complete the new mega lifestyle experience.

SM Prime is the holding company of the SM Group in the property business. It is among the largest integrated property developers in the region with offerings spanning across diverse sectors of mall, office, residential, hotel and leisure development. For more information about SM Prime, visit www.smprime.com

-End-

For further information, please contact:
Ms. Teresa Cecilia R. Agsalud
Vice President, Finance
SM Prime Holdings, Inc.
E-mail: teresa.cecilia.reyes@smprime.com
Tel. no.: 831.1000 loc. 7820

Wegmans introduced “Return To Sender. (Don’t Trash It!)” Bags

Rochester, NY, US, 2014-1-28 — /EPR Retail News/ — There’s a new message on carry-out plastic bags from Wegmans stores: “Return To Sender. (Don’t Trash It!)” It’s a little reminder to customers that the best thing to do with the bag that carried home the groceries is to bring it back to the store on a return trip. Customers who put the bags in collection areas at entrances to all Wegmans Food Markets are preparing their used bags for a second life as brand new bags, with 40 percent recycled plastic content.

“People have been  recycling for years, but it’s still not  easy to know what you’re supposed to do,” says Wegmans Sustainability Coordinator Jason Wadsworth. “Many communities have curbside recycling for paper, cans and bottles, but beyond those items, it’s not always clear what can be recycled. One way for Wegmans to make a difference is by helping to make recycling easier to understand and easier to carry out, with strong, simple messages and convenient drop-off spots for the items we can accept.”

The new bags, Wadsworth says, are the latest step in that direction. One side tells what happens after customers return bags to the store:  They’re made into new plastic bags of 40 percent recycled materials. The bags also include a How2Recycle logo, spelling out where to take them: “Store Drop-off.” A Wegmans video offers more detail about the journey bags take after collection, and tells how employees and customers can keep millions of pounds of plastic out of landfills. In fact, every Wegmans store now uses on average 4,000 fewer plastic carry-out bags per day compared with 2007, the year Wegmans introduced reusable bags and began reformulating its carry-out plastic bags. That’s 120 million fewer bags each year!

Wadsworth, who also serves on a Food Marketing Institute committee for sustainability practices in the retail food industry, sees momentum for recycling picking up as partnerships emerge between different sectors. “Private companies and not-for-profits are now working together toward better recycling solutions,” he says. An example is the Sustainable Packaging Coalition (SPC), an environmental advocacy group focused on packaging and recycling. That group created the How2Recycle labels starting to appear on products from food to toys to cosmetics. The labels make it easier to tell whether a product can be recycled and where to bring it to be recycled.

Wegmans is also placing new signs next to plastic bag recycling bins near the store’s entrance to educate customers about other similar types of plastic bag materials the store will accept for recycling and those not accepted. Examples:

  • Accepted: Clean plastic bags – including bread wrappers, cereal box liners, newspaper bags, bath tissue wrap, plastic outer wraps, shipping pillows, dry cleaning bags, food storage bags, produce bags, grocery bags, and bags from other retailers.
  • Not Accepted: wet or dirty bags and plastic film, frozen food bags, cups, takeout food packaging.

Forming practices that best protect the environment is always a work in progress, Wadsworth says. “We discover new solutions as we go along, but even if we think some options are better than others, it’s still important to meet customers where they are and give people choices.”

When it comes to bags, customers have lots of choices at Wegmans. The section on wegmans.com titled “We have a bag for that” shows different reusable bags available. “Using reusable bags every time you shop probably comes out best among choices, environmentally,” Wadsworth says. “Yet some customers do prefer plastic or paper, or don’t always remember to bring the reusables along. So the frequently asked questions section nearby answers common questions about plastic and paper bags.”

This is an environmental issue more complicated than it looks at first, he says. “Want bags to be biodegradable? Unfortunately, most biodegradable plastic only breaks down into smaller particles of plastic, rather than into elements that are reabsorbed into the chain of life on earth. But if you ban plastic, what usually happens is that there’s a switch to paper. Paper bags are not a better step, if your environmental analysis includes the impacts of manufacturing and shipping paper bags, and the fact that they don’t biodegrade in landfills.”

“Whether customers use plastic or paper,” says Wadsworth, “the most important thing is to recycle those bags, so they don’t end up in landfills or become litter.”

One thing Wadsworth says he’s learned over the years he has worked on sustainability issues is that little steps do add up and make a difference over time. “When you can say truthfully that customers and employees working together recycled over three million pounds of plastic in one year, that’s impressive – and we can do even more!”

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Wegmans Food Markets, Inc. is an 83-store supermarket chain with stores in New York, Pennsylvania, New Jersey, Virginia, Maryland, and Massachusetts. The family-owned company, founded in 1916, is recognized as an industry leader and innovator. Wegmans has been named one of the ‘100 Best Companies to Work For’ by FORTUNE magazine for 17 consecutive years. In 2014, Wegmans ranked #12 on the list.

Contact Information:  Jo Natale, Wegmans’ director of media relations, 585-429-3627

Carolina Hurricanes Anton Khudobin teams up with Harris Teeter to debut his personally designed Signature Sub Sandwich

Matthews, NC, US, 2014-1-28 — /EPR Retail News/ — Khudobin to Sign Autographs, Sample Signature Sub Sandwich, Introduce Fans to Must-Have Meal for Lunch

Date:       Wednesday, Feb. 5, 2014

Time:       5:30 – 6:30 p.m.

Where:    North Hills East
                    Harris Teeter
                    120-100 St. Albans Dr.
                    Raleigh, N.C.  27609

 Interviews are available.  Live shots are welcomed!

Wednesday, Feb. 5 Carolina Hurricanes goalie Anton Khudobin will team up with Harris Teeter to debut Khudobin’s personally designed Signature Sub Sandwich which is guaranteed to fill even the largest appetite.

Khudobin’s sandwich “Dobby’s Butterbrot” is a must-try for Harris Teeter shoppers. For only $3.99, fans can satisfy their appetite with “Dobby’s Butterbrot” which features grilled chicken, topped with lettuce, tomatoes, cucumbers and ranch dressing on wheat bread. Shoppers can make it a lunch pack for only $4.99. The lunch pack includes “Dobby’s Butterbrot” sandwich and your choice of one Chocolate Chunk, Macadamia Nut, Oatmeal Raisin or Cranberry Nut Cookie.

“Dobby’s Butterbrot” will be available in the Fresh Foods Market Sandwich Shop in all Raleigh-area Harris Teeter stores.  Wednesday only, however, Khudobin will make an appearance at the North Hills East Harris Teeter to personally introduce shoppers and fans to his Signature Sub Sandwich.  He will also be signing autographs.

Harris Teeter’s Fresh Foods Market offers made-to-order sandwiches and wraps daily and is proud to introduce “Dobby’s Butterbrot,” Harris Teeter’s first Signature Sub Sandwich of the season.  Be on the look-out for additional Signature Sub Sandwiches this season.

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Carolina Hurricanes Anton Khudobin teams up with Harris Teeter to debut his  personally designed Signature Sub Sandwich

Belk to hold series of events and campaigns with saving opportunities during February to benefit American Heart Association

  • Month-long campaign features interactive website at belk.com and in-store events designed to promote heart disease awareness and education to customers and associates
  • Belk offers 20% off coupons for sale merchandise Feb. 2-8 for $1 or more donation to AHA; also, customers receive 20% off purchase of regular and sale-priced items with limited exclusions on Feb. 3 for Healthcare Appreciation Day and on Feb. 25 for Healthy Living Day
  • Customers can remember loved ones on their local store’s Wall of Hearts

Charlotte, NC, US, 2014-1-28 — /EPR Retail News/ — Belk today announced plans for its annual storewide “Our Heart to Yours” campaign to be held in February during American Heart Month. The campaign will benefit the American Heart Association (AHA) and its My Heart. My Life.™ initiative to promote health, wellness and fitness and increase heart disease awareness and education.

Belk stores in 16 states across the South will host a variety of in-store events and activities, and Belk’s “Our Heart to Yours” website (belk.com/heart) will offer an online interactive heart health educational experience throughout the month.

Customers will have several savings opportunities during the month as part of the campaign:

  • Feb. 2-8: Customers who donate $1 or more will receive three 20% off coupons good for the purchase of three single sale-priced items
  • Feb. 3:  Customers receive 20% off the purchase of regular- and sale-priced items with limited exclusions during Healthcare Appreciation Day
  • Feb. 25: Customers receive 20% off the purchase of regular- and sale-priced items with limited exclusions during Healthy Living Day 

In addition, every store will create a Wall of Hearts where, with a donation of $1 or more, customers can express their love to a friend or family member with a personalized paper heart that will be displayed throughout the campaign.

Belk will host campaign activities and events throughout the month and customers may contact their local Belk store for more details. Customers are also invited to visit Belk’s informational micro website, belk.com/heart, where they will find an online donation link, ideas for getting involved in the campaign, and links to the AHA’s interactive heart score assessment and personalized healthy living plan.

“Belk is pleased to partner with the American Heart Association again this year in their fight against heart disease,” said Jon Pollack, Belk, Inc. executive vice president, sales promotion, marketing and e-commerce. “It’s the leading killer of women in America, and our company-wide campaign strives to educate customers and associates on the importance of leading healthier lifestyles. Our goal is to create awareness and provide heart health education in our stores and on the “Our Heart to Yours” website on belk.com.”

All funds raised through Belk’s in-store efforts will support the American Heart Association’s My Heart. My Life. ™ initiative aimed at helping Americans live healthier lives.

Heart disease is the leading cause of death for Americans and stroke ranks fourth. The American Heart Association’s My Life Check™ empowers you to take a big step toward a healthier life. In just a few minutes, you can get your personal heart score and a custom plan with Life’s Simple 7™, the 7 simple steps you need to start living your best life. Visit belk.com/heart for more information.

About Belk, Inc.
Charlotte, N.C.-based Belk, Inc. (www.belk.com) is the nation’s largest family owned and operated department store company with 300 Belk stores located in 16 Southern states and a growing digital presence. Founded in 1888 by William Henry Belk in Monroe, N.C., the company is in the third generation of Belk family leadership. Belk has been committed to community involvement since its inception. Each year, the company gives 2.5 percent of its pretax income back to the communities it serves. In the fiscal year ending Jan. 31, 2013, the company and its associates, customers and vendors, donated more than $19 million to those communities.

For further information: Jessica Graham, vice president, corporate communications and community relations, 704-426-8333, Jessica_graham@belk.com

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Eddy Anemian won the H&M Design Award 2014

The winner of the H&M Design Award 2014 is Eddy Anemian, a 24 year-old student at La Cambre in Brussels. Today, in Stockholm, the winning collection was presented with a fashion show at Mercedes-Benz Stockholm Fashion Week. In addition to the show, Eddy has won €50,000 and the opportunity to sell pieces developed from his collection in selected H&M stores and online later this autumn.

Stockholm, Sweden, 2014-1-28 — /EPR Retail News/ — The H&M Design Award jury included fashion designer Erdem, actress Michelle Dockery, style expert Michelle Harper, executive fashion editor of Vogue UK Serena Hood, senior fashion editor of Vogue Italy Sara Maino, as well as H&M’s creative head of design Ann-Sofie Johansson, and H&M’s creative advisor Margareta van den Bosch.

“All of the judges fell in love with Eddy’s collection, both the romance of how it looks when it is worn, and the extraordinary skill of his work seen up close. He is a worthy winner, and a bright new star for fashion’s future,” says Ann-Sofie Johansson, H&M’s creative head of design.

“Eddy’s work was very beautiful. The textile techniques used were interesting, as well as the elegant silhouettes he created. The future is very bright for him. I’m excited to see what he will do next,” says fashion designer Erdem.

Eddy, from Saint Chamond in France, won the H&M Design Award 2014 with his fourth-year collection titled They Can Cut All The Flowers, They Cannot Keep Spring From Coming. It was inspired by Tilda Swinton in the movie I Am Love, and the French painter Ingres, with floral upholstery fabrics cut and reconstructed into fluid shapes, contrasted with flounces of waterproof fabric with the effect of marble. Eddy is now in his final year at La Cambre, and hopes to one day have his own label.

“I was so very happy to win the H&M Design Award, and the chance to show my collection at Mercedes-Benz Stockholm Fashion Week. I’ve wanted to be able to start my own label for such a long time, and now maybe with this prize I will have the chance to do it,” says Eddy Anemian.

The winner of this year’s People’s Prize has been announced as Henriette Tilanus who has studied at ArtEZ Institute of the Arts in Arnhem. Visitors to the H&M Design Award website voted for their favourite from the eight finalists, with the winner receiving a three-month internship at fashion designer Erdem’s studio in London.

This is the third year of the H&M Design Award, founded to encourage and support young fashion talent at the very beginning of their careers. Students from 32 design schools competed to be one of the eight finalists whose work was then presented to the grand jury. Today’s winning show by Eddy was streamed live at designaward.hm.com, where footage from the entire awards process can be seen, to inspire future generations to help move fashion forward.

Visit designaward.hm.com to read more about the prize.

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Copyright: © Kristian Löveborg / MBFW Stockholm Description: The winner of the H&M Design Award 2014 is Eddy Anemian, a 24 year-old student at La Cambre in Brussels. Today, in Stockholm, the winning collection was presented with a fashion show at Mercedes-Benz Stockholm Fashion Week.

Copyright:
© Kristian Löveborg / MBFW Stockholm

The winner of the H&M Design Award 2014 is Eddy Anemian, a 24 year-old student at La Cambre in Brussels. Today, in Stockholm, the winning collection was presented with a fashion show at Mercedes-Benz Stockholm Fashion Week.

 

Sobeys Inc’s CFO Paul Jewer to leave the company as of February 14, 2014

Stellarton, NS, Canada, 2014-1-28 — /EPR Retail News/ — Sobeys Inc. today announced that Paul Jewer, Chief Financial Officer for the company, will leave the organization effective February 14, 2014, to accept a role outside the organization.

François Vimard, Executive Vice President, Sobeys Inc. and Chief Financial Officer for Empire Company Limited will assume Mr. Jewer’s responsibilities on an interim basis.

Mr. Jewer joined Sobeys Inc. in 2003 as Vice President Finance & Treasury. He was appointed Chief Financial Officer in October 2011.

“Paul has made a significant contribution to the growth and development of Sobeys over the past 11 years and we wish him well as he prepares to take on a new role,” said Mr. Vimard.

About Sobeys Inc.
Proudly Canadian, with headquarters in Stellarton, Nova Scotia, Sobeys has been serving the food shopping needs of Canadians for 106 years. A wholly-owned subsidiary of Empire Company Limited (TSX:EMP.A), Sobeys owns or franchises more than 1,500 stores in all 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores as well as more than 330 retail fuel locations. Sobeys and its franchise affiliates employ more than 124,000 people. The company’s goal is to be widely recognized as the best food retailer and workplace environment in Canada. More information on Sobeys Inc. can be found at www.sobeyscorporate.com.

Media Contact 
Andrew Walker
Senior Vice President
Communications & Corporate Affairs
Sobeys Inc.
(905) 214-6711

Investor Contact 
Stewart Mahoney
Senior Vice President
Treasury & Investor Relations
Sobeys Inc.
(902) 755-4440 ext.3499

 

Wincor World 2014 in numbers: 7,000 visitors from 90 countries, 47 exhibitors, 500 exhibits and 50 specialist presentations

Paderborn, Germany, 2014-1-28 — /EPR Retail News/ — More than 7,000 visitors from 90 countries took the opportunity to find out about the latest IT solutions and service offerings from Wincor Nixdorf and 46 well-known partner exhibitors at “Wincor World 2014” – through more than 500 exhibits and in 50 specialist presentations. The event, which spanned three days and was held at the A2 Forum in Rheda-Wiedenbrück, not far from Wincor Nixdorf’s head office in Paderborn, attracted IT experts and managers from across the banking and retail industries.

The impressions of Wincor World 2014 were very positive – by both those responsible for the event and visitors alike: “Our customers traveled from far afield across the globe to experience our innovations live. And it was well worth it, as we heard again and again in many personal discussions,” said company spokesman Andreas Bruck.

The focus of the trade show was on innovative hardware, software and services that enable banks and retailers to do business in a customer-oriented and efficient way as well as on ideas for tomorrow’s bank branches and retail stores. One of the key areas on display was the processing of cashless and mobile transactions. The attendees showed great interest in innovative software solutions that allow customers to carry out their transactions via smartphone or tablet computer, such as cash withdrawals from ATMs using a smartphone. What is more, it was demonstrated that cutting-edge software can help retailers combine the shopping experience of a retail outlet with the online world. Wincor Nixdorf also premiered a marketplace for Android-based apps that enables retailers to handle sales and payment processes online.

In addition, the company presented new service options that enable banks to enhance the experience they create for their customers. Sample applications revealed how the range of self-service options can be expanded when staff use video or tablet computers to help clients with certain transactions.

The organizers also recorded a high level of interest in the BEETLE mobile POS, a new tablet solution for retail applications that can be deployed as a fully functional stationary checkout or for mobile payments, when advising customers on the shop floor, carrying out administrative tasks or doing inventory.

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