Sainsbury’s 2014 voucher collection scheme launches with ambassadors David Beckham and Ellie Simmonds

London, UK, 2014-1-29 — /EPR Retail News/ — Sainsbury’s is investing millions in the return of its Active Kids scheme, to help children lead healthier, more active lifestyles. Fronted by ambassadors David Beckham and Ellie Simmonds, the 2014 voucher collection scheme launches seven months ahead of key changes to the national curriculum on cooking and healthy eating.

Over 100 new cookery and nutrition toolkits have been added to the range of sports and cooking equipment on offer as part of the voucher exchange for schools, Scouts and Guide groups and clubs. These additions will give teachers the resources they need to help children make healthier choices, encouraging interest in eating well and adding to Sainsbury’s nine year programme to get children more active.

From September, all pupils between the ages of seven and 14 are to be taught cookery as part of the new national curriculum. The Active Kids scheme and new cooking products and teacher resource toolkits, developed in collaboration with the British Nutritional Foundation and the Department of Education, will equip school children with the materials, ingredients and knowledge to learn the skills to lead healthier lives.

From Wednesday 29th January until 20th May 2014, customers can collect Sainsbury’s Active Kids vouchers when they shop at Sainsbury’s.

Justin King, Sainsbury’s CEO said: “We are excited to be launching our 10th year of Active Kids – now with even more choice – we believe it will help prepare schools for curriculum changes in September.

‘The benefits Active Kids brings to tens of thousands of schools and clubs makes us very proud. With the support of David Beckham and Ellie Simmonds, we know that in 2014 we can play a key part in helping young children understand cooking and healthy eating from a young age, as well as continuing to support local communities.”

Active Kids ambassador, David Beckham said: “Helping kids understand why being active and eating healthily is really important, which is why I am proud to announce that Sainsbury’s Active Kids collection is now open.

“There are more ways than ever for schools, groups and clubs to use their Sainsbury’s Active Kids vouchers – with loads of cooking and exercise equipment available – it’s time to get collecting.”

Active Kids ambassador, Ellie Simmonds said: “Understanding the balance between food and nutrition is something I’ve been very aware of as a young athlete. So, I’m really excited that Active Kids 2014 will help children learn more skills to get cooking as well as getting active.”

In 2013, Sainsbury’s invested over £13m in schools, groups and clubs through the Active Kids scheme, bringing the total investment to £136 million since 2005. This year, the scheme is bigger than ever with a catalogue of equipment providing groups with cookery and sporting equipment to help children live healthier lives. Sainsbury’s Active Kids launches with a new advertising campaign, fronted by ambassadors David Beckham and Ellie Simmonds, OBE from Wednesday 29th January.

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Sainsbury’s 2014 voucher collection scheme launches with ambassadors David Beckham and Ellie Simmonds

Sainsbury’s 2014 voucher collection scheme launches with ambassadors David Beckham and Ellie Simmonds

 

Sainsbury announced Mike Coupe to succeed Justin King as company’s CEO

Sainsbury’s today announces that Justin King has decided to step down in July 2014 after 10 years as CEO, and that Mike Coupe, currently the Group Commercial Director, will succeed him as CEO.

London, UK, 2014-1-29 — /EPR Retail News/ — David Tyler, Chairman said: “Justin is a truly exceptional leader, who has reshaped Sainsbury’s during his 10 years as CEO, as well as playing a leading role in the sector and wider business world. The Board thanks him for his outstanding achievements in ‘Making Sainsbury’s Great Again’. He leaves a lasting legacy, with the Company stronger than ever.

“We are delighted to appoint a CEO of Mike’s unique talent and experience as Justin’s successor to lead the next chapter of Sainsbury’s history. No one knows Sainsbury’s – or the industry – better than Mike.  He has worked hand-in-hand with Justin over the past decade and has a proven track record of success making him the natural choice to take the Company forward.”

Justin King, CEO said: “This was not an easy decision for me to make, and in truth it will never feel like the right time to leave a company like Sainsbury’s. It has been a privilege to have led the Company for the past 10 years and I am incredibly proud of our achievements in that time. It is the 157,000 colleagues that make Sainsbury’s so special and I would like to thank them for their amazing efforts over the last decade in making Sainsbury’s great again. I am confident that under Mike’s leadership the business will go from strength to strength.”

Mike Coupe, CEO designate said: “It’s an absolute honour to be appointed as the new CEO of Sainsbury’s in this, the Company’s 145th year, and at a time when thanks to Justin’s leadership, we have been consistently outperforming the market. I very much look forward to building on that success for our customers, colleagues, suppliers and shareholders.”

Notes to editors

  • Justin will stand down as CEO at the AGM on 9 July 2014
  • Mike Coupe will continue as Group Commercial Director and CEO Designate in the interim
  • John Rogers continues as Chief Financial Officer

Sainsbury’s 2004 – 2014

1. 10m additional customers a week

  • c24m transactions a week in 2014 (vs 14m in April 2005)
  • Excellent customer service winning 14 of 30 Mystery Shopper awards for Service & Availability in 2013/14 (The Grocer)
  • Supermarket of the Year 2013 (6th time in eight years – Retail Industry Awards)
  • Brand of the Year 2013 (Marketing Society)
  • FTSE100 Business of the Year 2013 (National Business Awards)

2. £9.5bn of incremental sales

  • £16.1bn in 2004/5 (vs £25.6bn for 2012/13)

3. Underlying profits almost trebled

  • £254m in 2004/5 (vs £756m 2012/13)
  • Over £600m operational cost savings since 2008/9
  • Underlying operating margin up to 3.56% in 2012/13 (from 2.15% in 2004/5)

4. Market share continuing to grow

  • 17.1% (Kantar 12 weeks to 5 January)

5. Compelling non-food business

  • 7th biggest clothing retailer in the UK by volume, 11th by value
  • 7th biggest GM retailer in the UK by value
  • Full offer in over 400 stores with 1/3rd of the population now within a 15 minute drive

6. Scale convenience business

  • Nearly 600 convenience stores now opened (596 compared to 262 in 2004/5)
  • Awarded Convenience Chain of the Year (4th consecutive year – Retail Industry Awards)

7. Strong online business

  • £1bn online grocery business with over 190,000 orders each week
  • Online Retailer of the Year 2013 (2nd consecutive year – Grocer Gold Awards)

8. Sainsbury’s Bank

  • Five consecutive years of profit growth
  • Acquisition of remaining 50% stake from Lloyds Bank Group completes on 31 January 2014

9. Values a strategic point of difference

  • Leading positions on nutritional labelling, British sourcing, Fairtrade, RSPCA Freedom Foods and MSC
  • £136m worth of Active Kids equipment donated since 2005
  • First sole-sponsor of the Paralympic Games in 2012

10. Colleagues at the heart of our success

  • Record levels of colleague engagement (as measured by our annual Talkback survey)
  • Only food retailer accredited to Gold Standard by Investors in People
  • £520m to colleagues in bonuses (2005/6-2012/13)
  • Employer of the Year 2013 (Retail Week Awards)

Remuneration

The following information is provided in accordance with section 430(2B) of the Companies Act 2006.

Justin King will receive no annual bonus or Deferred Share Award for 2014/15, and will receive no awards under the Long-Term Incentive Plan (“LTIP” – known as Value Builder or Future Builder) for 2014/15. He will remain eligible for consideration for payment of an annual bonus and Deferred Share Award for 2013/14, subject to performance over this period and determined in the normal manner after the year end.

Under the terms of his contract, Justin could be entitled to a cash severance payment of up to 175% of his base salary (worth potentially up to £1.7m) at departure. However, he has offered to waive the cash entitlement and the Remuneration Committee has therefore determined that:

  • There will be no payment in lieu of notice
  • There will be no acceleration of vesting for any share awards
  • The 2012/13 and 2013/14 Deferred Share Awards will subsist in full and will be released at the end of the deferral period.
  • The performance period for the 2011 LTIP award is due to end in March 2014, prior to Justin’s departure. This will vest in tranches during 2014 and 2015, subject to normal performance conditions
  • LTIP awards made to him in 2012 and 2013 will subsist in full and will vest at the normal date subject to normal performance conditions

This arrangement ensures that any payment to Justin is aligned with the performance of the Company following his departure; a sign of his confidence in the new management and the business’s continuing prospects.

Mike Coupe will receive a salary of £900k as Chief Executive. The overall variable incentive opportunity for the Chief Executive role will remain unchanged. However, it will be rebalanced towards the long-term award (Future Builder LTIP award). The incentive opportunity will be limited to 110% of salary for each of the annual bonus and Deferred Share Award with vesting subject to achievement of performance targets. Mike will be granted a core LTIP award under the Future Builder of 62.5% of salary with potential vesting of 0-4x (ie up to 250% of salary for achievement of stretch objectives) subject to 3-year performance targets. The changes in incentive opportunity will only come into effect from the date of promotion and so will be pro-rated accordingly in 2014/15. He will receive a pension allowance of 30% of salary. Mike’s contractual terms have been aligned with current best practice.

Further details of the operation of the Deferred Share Award and LTIP are set out in the Directors’ Remuneration Report in our Annual Report and Accounts 2012/13. Full disclosure of these remuneration arrangements will be provided in our Directors’ Remuneration Report in our Annual Report and Accounts 2013/14.

Rite Aid raised $613,555 during its 2013 fundraising campaign for United Way of the Capital Region

Member of Pillar Society, Company also Honored with Inaugural $500,000 Club Award

Camp Hill, PA, US, 2014-1-29 — /EPR Retail News/ — Rite Aid announced today that associates in its corporate offices located throughout the greater Harrisburg area raised $613,555 during its 2013 fundraising campaign for the United Way of the Capital Region. Rite Aid is one of the largest supporters and has raised more than $6.4 million for the United Way of the Capital Region since it began holding a corporate campaign in 2002.

At a reception marking the end of the campaign Jan. 16, the United Way of the Capital Region (UWCR) announced that it raised more than $11.8 million during its 2013 campaign. At the reception, Rite Aid was once again named to the Pillar Society, which recognizes organizations that contribute at least $100,000 in combined corporate and employee giving and was also one of three companies to receive the inaugural $500,000 Club Award for its level of giving.

“Rite Aid associates in the corporate offices have long-supported the United Way of the Capital Region and I know I speak for the entire team when I say we are proud to partner with them in their efforts to assist and improve the lives of those in our community,” said Ken Martindale, Rite Aid president and chief operating officer and president of The Rite Aid Foundation. “Our 2013 campaign, which included a $20,000 increase over the prior year’s campaign, truly highlights the passion of our team and our commitment to being a caring neighbor.”

Rite Aid’s associate giving campaign kicked off on Sept. 24. The company also raised money during its 2013 campaign through a silent online auction, a departmental basket challenge and a series of pancake breakfasts and pizza parties across its corporate offices.

“Each year, the United Way of the Capital Region makes a profound impact in the lives of many by addressing specific needs and providing critical resources to partner agencies in Cumberland, Dauphin and Perry counties, but that wouldn’t be possible without the support of companies like Rite Aid,” said Timothy B. Fatzinger, United Way of the Capital Region president and CEO. “It’s clear that Rite Aid associates share our mission and are dedicated to making a difference, and we’re so thankful for their generous support.”

In addition to its campaign each fall, as a Corporate Cornerstone Company, The Rite Aid Foundation underwrites a portion of the costs for the production and printing of the United Way of the Capital Region’s campaign materials, which are used by companies conducting associate giving campaigns. Rite Aid associates also participate in the organization’s “Day of Caring” program, the areas’ largest one-day event set aside for volunteer opportunities at local non-profit agencies and are involved in the Bridges Society and the Women’s Leadership Network, two organizations within the United Way of the Capital region focused on volunteerism and philanthropy.

The United Way of the Capital Region’s mission is to help change lives in Dauphin, Cumberland and Perry counties by raising money through a community-wide campaign, identifying long-term and emerging needs, finding solutions to address those needs, and measuring results that show donors how their dollars are making a difference. For more information on The United Way of the Capital Region, visit http://www.uwcr.org/.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2013 annual revenues of $25.4 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

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Contact:

Media: Kristin Kellum 717-975-5713

S-Group: retailers can make a difference to fix unfair working conditions in high-risk countries

Helsinki, Finland, 2014-1-29 — /EPR Retail News/ — There is no quick fix to the problem of unfair working conditions in high-risk countries, but we are moving in the right direction, says S-Group Corporate Responsibility Director Lea Rankinen.

S-Group has made major efforts over the last year to enhance supply chain monitoring for foodstuffs.

“Customers expect us to know the supply chain of the products that we sell in our stores, and they expect it to stand up to close scrutiny. Transparency is our watchword,” Rankinen explains.

Although monitoring formerly extended only as far as the manufacturing stage in high-risk countries, it has now been enlarged to include raw material production, even when the final product is made in Finland or in another well-regulated country. S-Group has ensured that its suppliers are fully familiar with social responsibility requirements for suppliers of raw materials, and with its expectations of compliance in this respect. “Traceability and human rights are now progressing through the supply chain at a good pace, but it takes time and patience to implement new operating practices,” Rankinen stresses.

Transparent supply chains are good for everyone

Rankinen is not surprised at the findings of Finnwatch reports published both recently and a year ago, and she expects to see similar anomalies exposed in future as the spotlight focuses on supply chains all the way to the raw material source.

Visiting Thailand in August 2013, the S-Group food trade management team met all of the suppliers whose operations were highlighted in the previous Finnwatch report. The visit also included personal contact with public authorities and government representatives. All of these meetings focused on correcting identified shortcomings in working conditions.

“This is a long-term undertaking in which progress is made in small steps,” explains Jari Simolin, Sourcing Director for Groceries at S-Group. “Boycotts are not the solution, but instead we must work together with local operators and international regulatory control mechanisms.”

The work of the S-Group fact-finding team in Thailand last year was extensively reported through the Finnish-language Patarumpu information service:

http://patarumpu.fi/2013/08/26/matka-thaimaan-tehtaisiin/

http://patarumpu.fi/2013/08/30/kuvareportaasi-thaimaan-tehdasvierailulta/

http://patarumpu.fi/2013/09/03/tonnikalatehtaan-tytto/

http://patarumpu.fi/2013/09/06/matkakertomus-siirtolaistyon-maasta/

http://patarumpu.fi/2013/09/11/toimitusketjujen-lyhentaminen-on-kaikkien-etu/

http://patarumpu.fi/2013/10/28/videopaivakirjoja-siirtolaistyon-maasta/

For further details please contact:

Lea Rankinen, Director, Corporate Reponsibility at S-Group, tel. +358 10 768 2453

Jari Simolin, Sourcing Director for Groceries at S-Group, tel. +358 10 768 7030

Meijer announced photo contest for its youngest shoppers for co-starring role in new TV commercial

Photo contest will pair iconic penny horse with retailer’s youngest shoppers

Grand Rapids, MI, US, 2014-1-29 — /EPR Retail News/ — Meijer is offering its younger customers a chance for a co-starring role in an upcoming television commercial at the cost of one cent. The commercial is scheduled to debut across the Midwest retailer’s five-state footprint in 2014, and will feature images of children riding its iconic penny horse, Sandy, over several generations.

Meijer is asking customers to submit photos featuring their children or their younger selves riding Sandy through a “Star with Sandy” contest application on the Meijer Facebook page. Ten winners will receive $100 Meijer gift cards and all photos have the chance to appear in the commercial, announced Nicole Laughlin, vice president of brand development for the Grand Rapids, Mich.-based retailer.

“Sandy is unique to Meijer and we’re pleased to have her as part of our shopping experience,” Laughlin said. “We look forward to sharing these special moments in our advertising, to help us say ‘hello’ to new neighbors and bring a smile to seasoned Sandy riders in the communities we’ve served for much longer.”

The iconic mechanical horse made its debut with the opening of Thrifty Acres in 1962, when the late Fred Meijer, who had a long history with horses, learned of 10-cent pony rides at a supermarket in Nebraska. Fred thought a dime was a lot of money and decided to charge one penny, a price which has since become a symbol of family shopping at reasonable prices.

“If you can put a penny in you can be a hero to the kids for a penny, or for three cents for three kids,” said Fred in “Fred Meijer: In His Own Words.”

Sandy has been a fixture at the front of all Meijer stores across the Midwest for decades, and is often the last thing a child remembers on the way out of the store. The only time Fred Meijer felt bad for having ponies in the store was in 1964, when the Greenville, Mich. store burned down. He remembered children were crying because they thought the horse had burned up.

“My dad believed in making things affordable for our customers and that included Sandy,” Meijer Co-Chairman Doug Meijer said. “Riding Sandy is a memory shared by so many children and parents who shop at our stores. But the real magic happens when those children grow up and bring their own kids back for a ride.”

The Star with Sandy contest is open through Feb. 6. Entries can be submitted at www.Facebook.com/Meijer.

About Meijer: Meijer is a Grand Rapids, Mich.-based retailer that operates 204 supercenters and grocery stores throughout Michigan, Ohio, Indiana, Illinois and Kentucky. As a pioneer of the “one-stop shopping” concept, Meijer stores have evolved through the years to include expanded fresh produce and meat departments, as well as pharmacies, comprehensive electronics departments, garden centers and apparel offerings. Additional information on Meijer and the ability to shop for more can be found at www.meijer.com. Follow Meijer on Twitter @twitter.com/Meijer and @twitter.com/MeijerPR or become a fan at www.facebook.com/meijer.

Contact: Christina Fecher, 616-735-7968, christina.fecher@meijer.com

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Meijer announced photo contest for its youngest shoppers for co-starring role in new TV commercial

Meijer announced photo contest for its youngest shoppers for co-starring role in new TV commercial

 

Russia’s largest retailer Magnit expands its greenhouse complex

Krasnodar, Russia, 2014-1-29 — /EPR Retail News/ — OJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT) announces the expansion of its greenhouse complex.

Please be informed that “Magnit” has begun construction on the expansion of its “TK Zelyonaya Liniya” (Green Line) greenhouse complex, which is located in the village of Plastunovskaya in the region of Krasnodar Kray. In 2014, Magnit plans to add an additional 40 hectares (99 acres) of greenhouses, which will be comprised of 2 structures of 20 hectares each. The 1st block will be operational in the Autumn of 2014 with the 2nd block coming on-line in the beginning of 2015. It is expected that the CapEx for the additional 40 hectares will be approximately 3.6 billion Rubles ($104 million USD).

As of the end of 2013, “TK Zelyonaya Liniya” (Green Line) operated 43 hectares, comprised of 40 hectares of greenhouses (8 structures of 5 hectares each) and 3 hectares of seedling hotbeds. The vegetables currently grown in the greenhouses are cucumbers, tomatoes, greens (lettuce, dill, parsley), and cherry tomatoes.

Please see the photo below for a birds-eye view of the “TK Zelyonaya Liniya” greenhouse complex. The photo was taken on January 18th, 2014.

For further information, please contact:

Timothy Post
Director, Investor Relations
Email: post@gw.tander.ru
Office: +7-861-277-4554 x7600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562

Dina Svishcheva
Deputy Director, Investor Relations
Email: Chistyak@gw.tander.ru
Office: +7-861-277-45-54 x5101
Mobile: +7-961-511-0202
Direct Line: +7-861-277-4562

Company description:
Magnit is Russia’s largest retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of December 31, 2013, Magnit operated 22 distribution centers and over 8,000 stores (7,200 convenience, 207 hypermarkets, and 686 cosmetics) in more than 1,868 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts for 2013, Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 million USD. Magnit’s local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor’s of BB. Measured by market capitalization, Magnit is now Europe’s 2nd largest retailer.

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Target to open nine new stores in Canada in 2014

Mississauga, ON, Canada, 2014-1-29 — /EPR Retail News/ — Target announced today that it will continue its Canadian expansion in 2014 by adding another nine store locations to the 124 Target stores now open in all ten provinces.  The majority of the new stores will open in Ontario, with single store additions planned for Quebec, Manitoba, Alberta and B.C.

“The past year marked a major milestone for Target as we delivered on the unprecedented goal of opening 124 Target stores across ten provinces in 2013,” said Tony Fisher, president, Target Canada.  “As we head into 2014, we will continue to enhance the guest experience at all stores, while continuing to expand our presence in new Canadian neighbourhoods.”

The new Target stores that will open in 2014 include:

Spring 2014:

The Stockyards, Toronto, Ontario

Kingsway Mall, Edmonton, Alberta

Hillside Centre, Victoria, British Columbia

 

Summer 2014

Erin Mills Town Centre, Mississauga, Ontario

Park Place, Barrie, Ontario

Carrefour Candiac, Candiac, Quebec

 

Fall 2014:

St. Laurent, Ottawa, Ontario

Sheridan Centre, Mississauga, Ontario

Polo Park, Winnipeg, Manitoba

 

Target provides Canadian guests with a one-stop shopping destination for stylish, quality products at unbeatable prices, including beauty, apparel and accessories, home, grocery, personal care and more.  Each store carries an extensive range of Target owned and exclusive brands, including C9 by Champion, Circo, Cherokee, Merona, Mossimo Supply Co., Mossimo Black, Xhiliration, Thershold, Room Essentials, Pixi, Archer Farms, Market Pantry and up & up; exclusive, limited time collaborations and ongoing collaborations such as the Nate Berkus Collection, the Sonia Kashuk Collection, Liz Lange Maternity for Target and Giada De Laurentiis for Target. Target also offers local products specific to each market, including the Aliments du Quebec product offering in Quebec.

Target Canada is proud to employ an average of 150 team members at each of its Canadian locations, including the nine additional stores announced today. For more information on store locations, please visit target.ca.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,921 stores – 1,797 in the United States and 124 in Canada – and at Target.com. Since 1946, Target has given 5 percent of its profit through community grants and programs; today, that giving equals more than $4 million a week. For more information about Target’s commitment to corporate responsibility, visit Target.com/corporateresponsibility.

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IKEA Group’s net income increased by 3.1% to $4.2 billion in FY2013

The IKEA Group net income increased by 3.1% to EUR 3.3 billion ($4.2 billion*) for the financial year 2013**; and market conditions continued to improve with strong growth in China, Russia and the US. IKEA US FY13 comparable store sales grew by 6.7%.

Conshohocken, PA, US, 2014-1-29 — /EPR Retail News/ — “Consumer spending is improving in many countries. While the challenging economic situation may not be over, there are positive signs. Important consumer markets such as the US are coming back and Europe in general is starting to recover. Even some of the challenging markets in Southern Europe are showing good signs of activity”, says President and CEO, Peter Agnefjäll.

Sales increased by 3.1% from last year to EUR 27.9 billion ($36.2 billion*) and the IKEA Group gained market share in almost all markets. Together with the rental income from our shopping centers, the total revenues amounted to EUR 28.5 billion ($37 billion*)(+3.2%). The largest markets were Germany, the US, France, Russia and Sweden.

“This indicates that value for money is increasingly important. I’m especially happy to see customers embracing our range of products designed to help them live a more sustainable life at home. For example, customers bought more than 22 million LED products in FY13 alone, saving them energy and money”, continues Peter Agnefjäll.

The IKEA Group has an ambitious growth agenda, aiming for EUR 50 billion ($65 billion*)in sales by 2020. The large emerging markets are important sources of future growth. In FY13, the IKEA Group opened two more stores in China – another step in the expansion on the Chinese market.

“We have a long-term focus. We’ll keep developing better products at lower prices, improving the shopping experience and becoming more accessible to our customers, for example through an improved service offer, e-commerce and continued expansion. Our ownership structure and sound financial principles give us independence and the possibility to grow in a balanced and sustainable way”, says Peter Agnefjäll.

* Dollar to Euro calculated at $1.33, Average for August 2013.
**FY13 = Financial year 2013 encompasses the period between September 1, 2012, to August 31, 2013.

IKEA US FY13 Highlights

“We are pleased with the fiscal year 2013 results of IKEA US. People continue to choose IKEA as their destination for home furnishings and accessories. This has resulted in strong sales, as well as growing membership in our IKEA Family loyalty program. IKEA expansion in the US also continues with one store opening in FY14 and another opening in FY15*. Additionally, we are increasing our overall purchasing from US suppliers. All this demonstrates that the IKEA offering of good value, good design and functional furniture at affordable prices is relevant and desirable for US consumers,” commented Mike Ward, IKEA US President.

US Sales and Services: US comparable store sales grew by 6.7%. E-commerce grew 65%. Strong sales were a result of e-commerce sales (including expanded e-commerce offering of home furnishing accessories) also, lowering prices on some best selling items and expanded service offering with focus on kitchen services.

In FY13, IKEA US continued to lower prices on some of its best-selling items, including a 40% reduction on EKTORP sofa w/SVANBY covers and a 20% reduction on HAMPEN rugs (5’3”x7’7’’). Services introduced in FY12 (home delivery, picking, picking with delivery, assembly, assembly with delivery and kitchen installation) contributed to FY13 success with the number of home deliveries increasing 75% from FY 12. Picking and delivery grew 30% over FY12. Assembly and delivery expanded to cover all store markets.

IKEA Family (IKEA customer loyalty program) membership grew 85% in FY13 to 4.3 million, up from 2.3 million members in FY12.

Reinvesting in IKEA US Stores: IKEA US is currently in the process investing in total remodels of the Marketplaces in US stores, where home furnishing accessories are sold. During FY13, 17 more storess across the US received Marketplace remodels, with four others to be completed in FY14. The goal of these remodels is to improve the customer shopping experience and show a wide range of home furnishing accessories in a better way. In FY13, IKEA began the process for expanding its Boston-are store in Stoughton, MA., where construction is expected to conclude Summer 2014.

Expansion: IKEA US officially broke ground in 2013 on two stores slated to open in 2014; its second South Florida store will open this summer in Miami- Dade County and a Kansas City-area store will open this Fall in Merriam, KS. Additionally, IKEA recently announced plans to open a St. Louis store in Fall 2015.*

US Sustainability Initiatives ~ Renewable Energy: IKEA US is in the midst of investing $150 million in Photovoltaic systems. IKEA is currently the 2nd largest private commercial solar US owner/user. During FY13, IKEA installed solar panels atop 8 more US locations. Total IKEA US units now covered is 39 out of 44 (90%). For FY14, IKEA US will expand the solar installations atop 3 locations as well as install an array atop its future Miami-Dade store set to open in Summer 2014. For FY14, IKEA US will be constructing a geothermal project to heat and cool the future Kansas City-area store opening Fall 2014 in Merriam, KS. FY14 plans include to further these investments into other alternative energy technologies.

*IKEA opens one store in FY14, and another store FY15. Both stores -Miami and Kansas City- open in calendar year 2014. Fall 2015 store opening will be St. Louis, FY16 for IKEA.

ABOUT IKEA
The IKEA vision is to create a better everyday life for the many people. Our business idea supports this vision by offering a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them. There are currently 305 IKEA Group stores in 26 countries. There are 38 IKEA stores in the US. In FY 13, the IKEA Group had 135,000 co-workers, 684 million visitors to the stores and 1.3 billion visitors to IKEA.com. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment.The Yearly Summary FY13 and the IKEA Group Sustainability Report FY13 are available on IKEA-USA.com, facebook.com/IKEAUSA, @DesignByIKEA, and http://pinterest.com/IKEAUSA/.

For further information, please contact:
Mona Astra Liss, US Corporate PR Director, Mona.Liss@IKEA.com, 610.834.0180, ext. 5852
Ylva Magnusson, Media relations IKEA Group, Ylva.Magnusson@IKEA.com+46 723 527 220,

IKEA Group released its Sustainability Report for fiscal year 2013

Conshohocken, PA, US, 2014-1-29 — /EPR Retail News/ — The IKEA Group Sustainability Report for fiscal year 2013 *, released today, shows strong progress on its People & Planet Positive strategy, building on its long history of working with sustainability. This is the first year IKEA Group reports progress against this new sustainability strategy.

Highlights from FY13:

  • IKEA Group has committed to own 137 wind turbines and installed 550,000 solar panels, taking the company a step closer to producing more renewable energy than the total energy it uses by 2020.
  • Sold 22.4 million LED products including 12.3 million LED bulbs. The LED bulbs alone save each customer $9.45 (€7)** in electricity costs per bulb, per year compared with incandescent. Customers will save a combined total of $116.1 million (€86 million) per year from the LED bulbs sold.
  • $54 million (€40 million) saved through energy efficiency efforts in stores and warehouses since FY10.
  • IKEA Group is one of the world’s largest buyers of FSC-certified wood in the retail sector, and almost 1/3 of its wood was FSC certified or recycled in FY13. All wood was sourced from suppliers that meet the IKEA forestry standard.
  • The share of cotton from more sustainable sources used in products more than doubled, increasing from 34% (FY12) to 72% (FY13).
  • 47% of managers are women.
  • The IKEA Foundation donated $136.3 million (€101 million) in 2013 to projects that support millions of children in some of the world’s poorest communities, a 21% increase from 2012.

“Everyone, including IKEA, has a part to play in tackling the expected shortages of resources and the impacts of climate change while providing people with a good quality of life. With our vision of creating “a better everyday life for the many people,” I am convinced there is no other way of doing business than in a sustainable way,” said Peter Agnefjäll, President and CEO, IKEA Group.

“One year on from the launch of our People & Planet Positive strategy, we are making good progress – more than doubling the amount of cotton we buy from more sustainable sources, investing in renewable energy, and enabling millions of people to live more sustainably at home. The 22 million LED products we sold during the year show that more sustainable products have great appeal when customers can understand the savings they can make from day one,” said Steve Howard, Chief Sustainability Officer, IKEA Group. *FY13 = Financial year 2013 encompasses the period between Sept. 1, 2012, to August 31, 2013. ** Dollar to Euro = $1.35 dollar to one euro.

IKEA US FY13 Highlights

IKEA US Sustainability Initiatives ~ Renewable Energy:

  • In the midst of investing $150 million in Photovoltaic systems.
  • Currently the 2nd largest private commercial solar US owner/user.
  • During FY13, IKEA US installed solar panels atop 8 more US locations. Total IKEA US units now covered is 39 out of 44 (90%). For FY14, IKEA US will expand the solar installations atop 3 locations as well as install an array atop its future Miami-Dade store set to open in Summer 2014.
  • When all projects are complete, total generating capacity will be 38 mega-watts with a yearly output of 49 gigawatts of electricity, the equivalent of powering more than 4,200 homes annually. This will mean 33,000 less tons of CO2 being created and is equivalent to removing 6,600 cars from the road.
  • For FY14, IKEA US will be constructing a geothermal project to heat and cool the future Kansas City-area store opening Fall 2014 in Merriam, KS. FY14 plans include furthering these investments into other alternative energy technologies.
  • In April 2013, IKEA US signed CERES, a Climate Declaration, in coordination with BICEP (Business for Innovative Climate and Energy Policy) with other major businesses – a declaration to tackle climate change.

US Social Program Initiatives

  • IKEA US supported thousands of Hurricane Sandy victims through the donation of IKEA home furnishing products as well as cash donations. These projects included:
    • American Red Cross and Save the Children in-kind donations.
    • Solar installation on Brooklyn Community Center, partnering with Global Green.
    • Furniture donations through Stephen Siller Tunnels to Towers Foundation.
    • Save the Children furnishing donations and children’s play products for early learning centers.
    • Cash donations to American Forests Disaster ReLeaf to plant trees in Asbury Park, NJ (a heard hit area by Hurricane Sandy). Money was raised by customer store donation program and IKEA match dollar donation.
  • IKEA US Soft Toy Program FY13 raised over $1 million and $16.2 million globally, impacting 10 million children to have access to a quality education.

ABOUT IKEA
The IKEA vision is to create a better everyday life for the many people. Our business idea supports this vision by offering a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them. There are currently 305 IKEA Group stores in 26 countries. There are 38 IKEA stores in the US. In FY 13, the IKEA Group had 135,000 co-workers, 684 million visitors to the stores and 1.3 billion visitors to IKEA.com. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment.The IKEA Sustainability Report FY13 is available at www.IKEA.com (under About IKEA, People & Planet.). For more information, see facebook.com/IKEAUSA, @DesignByIKEA, and http://pinterest.com/IKEAUSA/.

For further information, please contact:
Mona Astra Liss, US Corporate PR Director, Mona.Liss@IKEA.com, 610.834.0180, ext. 5852

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7-Eleven Inc. in the game to win piece of the pie on pizza’s biggest sales day of the year

Dallas, TX, US, 2014-1-29 — /EPR Retail News/ — Eleven, Inc. is in the game to win a piece of the pie on pizza’s biggest sales day of the year, which happens to coincide with the biggest football game of the year. The convenience retailer is offering pizza-loving sports fans and sports-loving pizza fans piping-hot, large Pepperoni and Triple Cheese pizzas for just $5.55 each and a large Deluxe Meat pizza for $6.99.

Customers can get an even better deal when they purchase a 2-liter bottle of any brand of soft drink and save another dollar, lowering the already-low prices of the pizzas to $4.55 and $5.99, respectively. The fresh-baked, 14-inch pizzas are available for takeout at participating stores nationwide.

For fans who can’t decide between pizza or that other super game food – chicken wings, 7-Eleven® stores offer a combo deal that includes a large pizza and 10 chicken wings … or a large pizza, five chicken wings and four mozzarella sticks for just $10.

“7-Eleven will have delicious, hot pizza for take-out before, during and after the game, whether your team is winning or losing,” said Kelly Buckley, 7-Eleven vice president of Fresh Food Innovation. “Customers can choose their pizza variety, and we’ll bake it fresh for you, on the spot anytime, day or night.

“Fans can grab their favorite hot pizza, wings, cheese sticks and everything else they need for the big game – beer, wine and soft drinks, ice, chips and dips,” added Buckley. “Where else can you order and have hot pizza ready in just a couple of minutes, anytime 24/7, while grabbing your favorite beverage for the game?”

Besides the self-explanatory large pepperoni pizza, 7-Eleven’s Deluxe Meat pizza is topped with pepperoni, Canadian bacon, beef, pork sausage and diced bacon, while the Triple-Cheese pizza includes melted mozzarella, cheddar and parmesan cheeses. Wings are available in three flavors – Barbecue, Spicy and Asian-style Dragon wings. Crispy, breaded mozzarella sticks come with a side of marinara sauce.

Not only is Sunday, Feb. 2, the biggest day for pizza sales, it also is the day chicken wings fly off the proverbial shelves. While pizza restaurants talk about the number of slices sold for the day as being in the millions, the number of chicken wings consumed over the game weekend is well over 1 billion, according to the National Chicken Council.

Other top-selling pizza days are Halloween, Thanksgiving Eve, New Year’s Eve and New Year’s Day. For 7-Eleven, add Christmas Day to that list when pizza sales showed a dramatic spike. At just $5.55 for a large, hot pizza, the convenience retailer expects another jump in pizza sales during the big game weekend when ice sales triple, and beer, chips and dip sales double.

More than 5,200 U.S. 7-Eleven stores sell hot foods.

About 7-Eleven, Inc.
7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Based in Dallas, Texas, 7-Eleven operates, franchises or licenses some 10,200 7-Eleven® stores in North America. Globally, there are close to 51,700 7-Eleven stores in 16 countries. During 2012, 7-Eleven stores generated total worldwide sales close to $84.8 billion. 7-Eleven has been honored by a number of companies and organizations recently. Accolades include: #2 on Franchise Times Top 200 Franchise Companies for 2013; #3 spot on Entrepreneur magazine’s Franchise 500 list for 2012, and #3 in Forbes magazine’s Top 20 Franchises to Start. 7-Eleven is No. 3 on Fast Company magazine’s 2013 list of the “World’s Top 10 Most Innovative Companies in Retail” and among the Top Veteran-Friendly Companies for 2013 by U.S. Veterans Magazine and on GI Jobs magazine’s Top 100 Military Friendly Employers for 2014. Hispanic Magazine named 7-Eleven among its Hispanic Corporate Top 100 Companies that provide the most opportunities to Hispanics. 7-Eleven is franchising its stores in the U.S. and expanding through organic growth, acquisitions and its Business Conversion Program. Find out more online at www.7-Eleven.com.

Contact:
Margaret Chabris
7-Eleven, Inc.
972-828-7285
margaret.chabris@7-11.com

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7-Eleven Inc. in the game to win piece of the pie on pizza’s biggest sales day of the year