Intershop Communications AG announced its licensing revenues up 20% in financial year 2013

  • Licensing revenues grew by 105% in fourth quarter and by 20% during full financial year
  • Total net revenues up 3% to EUR 53.6 million
  • High investments in marketing and sales reflected in EBIT of EUR -3.2 million

Jena, Germany, 2014-2-19 — /EPR Retail News/ — Intershop Communications AG (ISIN: DE000A0EPUH1), the leading independent provider of innovative omni-channel commerce solutions, reports net revenues of EUR 53.6 million (previous year: EUR 51.8 million) for its financial year 2013 based on preliminary figures. The 3% rise was mainly driven by the exceptionally strong performance in the fourth quarter, which saw licensing revenues, in particular, increasing by 105% compared to the prior-year period. Net revenues of EUR 15.0 million meant that the fourth quarter 2013 was Intershop’s best quarter since the second quarter of 2001 (previous year: EUR 13.1 million). In contrast, the business trend during the first nine months of the financial year 2013 remained subdued both on the consulting and on the licensing side. The fourth-quarter surge in revenues and profits was not sufficient to offset the losses generated during the first nine months. The resulting negative EBIT of EUR 3.2 million mainly reflects the clearly higher investments in marketing and sales.

CFO Ludwig Lutter said: “The fourth quarter brought numerous new customers and revenues at record level, demonstrating that we are on a good track in the competitive market for omni-channel commerce solutions. While our intensified marketing and sales efforts involve high costs, they will be justified by our enhanced market profile and increasing market share.”

The consulting business remained the single biggest revenue contributor, even though it declined by 9% to EUR 25.8 million, mainly on account of lower revenues from a number of major customers. Licensing revenues were up 20% to EUR 6.3 million thanks to the strong fourth quarter. A positive development is also reported for other revenues; the full service-service business, in particular, grew by 72% to EUR 8.7 million in 2013. Online marketing revenues rose by 2% to EUR 4.4 million. In contrast, maintenance revenues declined by 6% to EUR 8.3 million during the financial year.

During the past year Intershop improved its gross result by 9% from EUR 17.4 million to EUR 18.8 million. The gross margin came in at 35%, compared to 34% in the prior year. This slight increase mainly reflects the higher licensing revenues generated during the reporting period. Earnings before interest, tax, depreciation and amortisation (EBITDA) decreased from EUR 1.8 million to EUR 0.5 million. Earnings before interest and tax (EBIT) declined from EUR -0.6 million to EUR -3.2 million. The net loss amounted to EUR -3.3 million compared to EUR -0.6 million in the year 2012. Earnings per share (diluted and basic) came to EUR -0.11 (previous year: EUR -0.02).

Due to the negative result, cash flow from operations came to EUR -4.1 million compared to EUR 2.0 million in the prior year.

The Intershop balance sheet as at 31 December 2013 remains free of financial debt and shows a very comfortable equity ratio of 72%. Total assets declined by EUR 4.9 million to EUR 33.7 million, primarily as a result of the reduction in liquid funds from EUR 14.4 million to EUR 7.4 million.

Expansion of customer portfolio and international partner network

Intershop’s marketing offensive has resulted in numerous new customers and projects worldwide in 2013. In addition, the company moved forward with the systematic expansion of its partner network. Sales activities in 2014 will focus on the North American region, which will require continued high investment in marketing and sales. The company also plans to manage sales and marketing out of the Berlin branch in the future.

Intershop CEO Jochen Moll said: “Having made good headway with the expansion of our international business, we continue to transform our company into an integrated provider of omni-channel commerce solutions while boosting product sales. The response from the major analyst houses confirms that this development is aimed in the right direction.”

The full consolidated financial statements will be published in mid-March 2014. All financials in this press release are provisional, pending completion of the statutory audit.

Investor Relations
Heide Rausch
T: +49-3641-50-1000
F: +49-3641-50-1001


RILA to partner with National Cyber-Forensics and Training Alliance (NCFTA) to enhance cybersecurity information sharing

RILA Announces Partnership With The National Cyber-Forensics And Training Alliance

Arlington, VA, 2014-2-19 — /EPR Retail News/ — The Retail Industry Leaders Association (RILA) today announced a partnership with the National Cyber-Forensics and Training Alliance (NCFTA) to enhance cybersecurity information sharing and expand retailers’ proactive and vigilant approach to cyber threats to protect consumers against criminals. Partnering with the NCFTA is one of several approaches RILA is taking to enhance collaboration across the entire payments system. Last week, RILA announced it is joining forces with the Financial Services Roundtable to lead a partnership between the merchant and financial services industries.

“Our partnership with NCFTA is one of many information sharing models we are pursuing as part of our multi-solution approach to cybersecurity,” said Lisa LaBruno, senior vice president of retail operations at RILA. “Collaboration among retailers and other stakeholders is essential to detecting threats early on and combatting cyber-criminals.”

Improving industry-wide cybersecurity capabilities by sharing threat information, exploring innovative technologies and enhancing the security of the payments system are crucial components of RILA’s Cybersecurity and Data Privacy Initiative. RILA’s partnership with the NCFTA, a non-profit corporation specializing in establishing public-private partnerships, will provide a trusted forum through which retailers can collaborate on effective solutions to combat cyber-criminals in a cooperative environment.

“The NCFTA is honored to partner with RILA to share threat intelligence. I applaud RILA’s thought leadership in taking a proactive approach in collaborating across public-private sectors,” said Maria Vello, CEO of the NCFTA. “By working together to share threat intelligence, everyone will be smarter and stronger in their quest to protect their brand, business and most importantly, their customers. Effectively addressing cyber crimes demands a new and collective response; this is exactly what RILA is doing.”

The RILA and NCFTA partnership is supported by RILA’s Retail Cybersecurity Leaders Council (RCLC), comprised of retail information security executives from among RILA’s membership. This partnership will expand retailers’ network to include academia, law enforcement, financial institutions and other industries. In March, the RCLC will convene at the NCFTA in Pittsburgh to kickoff the information sharing process across industries.

To learn more about the RILA Cybersecurity and Data Privacy Initiative visit

The NCFTA, a non-profit corporation, evolved from one of the nation’s first High Tech Task Forces and, since 1997, has established an expansive alliance between subject matter experts (SMEs) in the public and private sectors (more than 500 worldwide) with the goal of addressing complex and often internationally-spawned cyber crimes. These SMEs, from industry, academia and government, each bring specific talents and experiences to the partnership. Through a steady cycling of such cross-sector national and international resources, both embedded at the NCFTA and through initiative-specific intelligence channels, the NCFTA is well positioned to adapt and regularly reinvent itself to better address today’s evolving threat landscape.

RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.


Allie Brandenburger
Director, Communications
Phone: 703-600-2063

NRF’s Tax Returns Survey: more Americans opt to stash their cash away for a rainy day

WASHINGTON, DC, 2014-2-19 — /EPR Retail News/ — Having a plethora of options for how to use their tax refunds, more Americans this year are opting to stash their cash away for a rainy day.  According to NRF’s Tax Returns Survey conducted by Prosper Insights & Analytics, 46 percent of those expecting a refund this year will put their money into savings, up from 44 percent last year and the highest percent in the survey’s history. Two-thirds (66.6%) of those surveyed are expecting a refund this year.

“Financial security is top-of-mind for all Americans, and refunds can play a huge role in helping achieve that,” said NRF President and CEO Matthew Shay. “Whether consumers use a refund to pay down debt, bulk up their savings, or buy that big-ticket item they’ve been saving for, a check from Uncle Sam, large or small, goes a long way these days.”

As for other ways consumers will use their refunds, 37.7 percent will pay down debt, and one-quarter (25.3%) will use it towards everyday expenses. One in 10 (10.7%) will treat themselves and invest in a major purchase, and 12.8 percent will spend their refunds on a vacation.

Young adults between 18 and 24 will make the most of what Uncle Sam gives back this year, with nearly six in 10 (57.7%) planning to contribute to their savings accounts, higher than any other age group. They are also the most likely to use their refunds for everyday expenses (34%) and to purchase a big ticket item such as a new television or piece of furniture (18.3%). Three in 10 (30.2%) will use their checks to pay down debt, second to last behind those 65 and older (27%).

“Young adults today are extremely smart about their money, and will look for ways to reap the benefits of their hard work that comes from their refunds,” said Prosper’s Consumer Insights Director Pam Goodfellow. “It’s also likely that 18 to 24 year olds have learned from their parents the valuable lesson of saving for a rainy day, thanks in large part to the Great Recession and current economic conditions.”

According to the survey, nearly two-thirds (64.9%) of consumers who plan to file taxes will do so online, up from 62.5 percent last year and the highest percent in the survey’s history. Additionally, 38.4 percent will prepare their taxes on their own using computer software, up from 37.3 percent last year. Others will manually prepare their taxes (11.9%), use a tax preparation service (17.4%), use an accountant (22.6%) or look to a spouse, friend or other relative for help in doing their taxes (9.7%).

While many have already filed their taxes (22.7%), more than one-third (36.7%) will file in February, and another quarter (25.9%) will file in March. Nearly 15 percent (14.7%) will wait until last minute and file in April.

About the Survey

The NRF 2014 Tax Returns survey, conducted for NRF by Prosper Insights & Analytics was designed to gauge consumer behavior and shopping trends related to tax returns. The poll of consumers was conducted from February 4-10, 2014. The consumer poll has a margin of error of plus or minus 1.2 percentage points.

Prosper Insights and Analytics delivers executives timely, consumer-centric insights from multiple sources. As a comprehensive resource of information, Prosper represents the voice of the consumer and provides knowledge to marketers regarding consumer views on the economy, personal finance, retail, lifestyle, media and domestic and world issues.

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.5 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities, and the critical role that retail plays in driving innovation.

Bethany Aronhalt or Kathy Grannis (855) NRF-PRESS

View sample charts in Retail’s Insight Center
Download complete survey



SRC-KPMG: Scottish retail sales up by 4.3% in January 2014

LONDON, 2014-2-19 — /EPR Retail News/ — In January 2014 total Scottish sales increased by 4.3% compared with January 2013, when they had increased by 2.1%. Like-for-like sales increased by 2.5% on last January, when they had increased by 1.1%. Taking account of shop price deflation at 1.0%, January total sales were up 5.4% in real terms.

Total food sales were 1.0% up on January 2013, when they had increased 5.2%. Total non-food sales increased by 7.0% on a year earlier when they had decreased by 0.7%.

Growth in Scotland was slightly below the UK in January. As for the UK, January’s total sales growth in Scotland was much stronger than December’s. The three-month average was 1.6%, back in line with the twelve-month average of 1.7%.

David Lonsdale, Director of the Scottish Retail Consortium, said: “Scottish retailers will take heart from these sales figures, which represent a strong start to the year. They build on a generally positive 2013 and compensate significantly for the slightly poorer sales we reported in December 2013.

“Particularly strong results were seen in clothing, furniture and other non-food items such as electricals. When Scottish retailers have got their offer right, consumers have been enthusiastic about taking advantage of promotions, as well as buying from the new ranges in store. All non-food categories performed well in January.

“Food has performed slightly less well. However, over the last three months, food performance has been slightly above that in the rest of the UK. All Scottish retailers will be working hard on their offer to maintain the good momentum we have seen this month.”

David McCorquodale, Head of Retail at KPMG, said: “Retailers in Scotland will have breathed a sigh of relief throughout January as the snow stayed away and consumers had the confidence to spend. While some of the growth in non-food has been achieved in the sales at reduced margins, there will be retailers who feel they’ve begun to move the dial in recovery terms.

“Drivers of growth have been clothing and footwear, particularly in the sales, and the continued march of electricals. However, the relief is perhaps best felt in furniture and flooring where house price growth has fuelled spending.

“Growth in food sales remained challenging as the grocers battle for market share and consumers show less loyalty as they exercise their personal austerity around necessities. This sector will remain competitive for some time.

“Recovery has its ups and downs, and the prospect of a sharp winter blast has not yet gone away, so no retailer will be resting on its laurels. But this is a strong start to 2014 in Scotland and gives encouragement for the months ahead.”

An in-depth version of this report is available to BRC retail members, and subscribers to our Business Information Services.

 Click here to contact the BRC regarding membership or a subscription to our Business Information Services.


Tengelmann Group establishes Tengelmann Social Ventures GmbH to invest in social entrepreneurs and businesses

Involvement in Kiddify via new Social Venture unit

Mülheim an der Ruhr, Germany, 2014-2-19 — /EPR Retail News/ — As part of its e-commerce strategy, the Tengelmann Group is further expanding its commitment in this field by founding Tengelmann Social Ventures GmbH (TSV). As a sister company of Tengelmann Ventures GmbH and a 100% subsidiary of the Tengelmann Group, TSV has made it its goal to finance social businesses – profit-oriented models that pursue social goals – and to provide advisory support to social entrepreneurs. “The focus of this involvement is on young companies that generate a ‘social impact’, i.e. a positive impact on society. Our central theme will be: ‘Social Impact First – Financial Impact Second’,” said Karl-Erivan W. Haub, Managing Partner of the Tengelmann Group.

Tengelmann was previously involved in a social business in 2011 with Coffee Circle. “Even with Coffee Circle we found the idea of social enterprise innovative and believed it set an important precedent. Due to the continued positive development and feedback, we decided to further expand these activities,” added Haub. Coffee Circle sells fair trade Ethiopian premium coffee. For every kilogram of coffee sold, one Euro goes to development projects that the start-up company supports locally.

TSV’s second involvement is with Kiddify GmbH ( in Berlin. Kiddify is a platform encouraging children ranging from 6-14 years old to share their knowledge, creativity and talent with other children. They have the opportunity to show homemade videos via Kiddify (e.g. of playing the piano, skateboard tricks or apps they have created themselves). “In the future, children will also be to able communicate internationally via our platform, thereby enhancing their understanding for language and culture,” commented Dr Paula Jackson, founder of Kiddify GmbH. Cooperation with various organisations is also in preparation in order to provide children from developing countries with access to Kiddify. “The e-learning market is a growing and very interesting market. The founder has developed an innovative business model whereby children can learn from other children – internationally and independently of social background. The team and the idea have impressed us so much that we decided to get involved at a very early phase of the start-up,” said Christian Winter, CEO of Tengelmann Ventures GmbH.



NACS “Future of Fuels” report: Gasoline to remain the dominant fuel powering light duty vehicles through 2040 but consumption and market share will shrink

ALEXANDRIA, VA, 2014-2-19 — /EPR Retail News/ — Gasoline will remain the dominant fuel powering light duty vehicles through 2040, but consumption will drop 24% and market share will shrink 14% as fuel efficiency improves and alternative fuels — led by diesel fuel — increase their penetration into the market, according to a new report released by the National Association of Convenience Stores (NACS).

The 2014 NACS “Future of Fuels” report analyzes projections made by the U.S. Energy Information Administration (EIA) in its Annual Energy Outlook 2014. NACS publishes its annual industry analysis to help retailers make informed investment decisions based on where the market is heading and which fuels are likely to be the dominant products consumed in the coming years.

Despite the continued attention paid to alternative fuel vehicles and the forecast explosive growth with some new technologies, liquid fuels — gasoline, diesel fuel and E85 — remain the overwhelmingly dominant energy sources for light duty vehicles, contributing more than 99% of total energy consumed by light duty vehicles, and they are projected to remain above 99% market share in 2040, according to the report.

“Fuels retailers face one of the most expensive decisions of their careers in deciding which fuels to sell, and this decision is further complicated by shifting demand and technology projections. NACS published this resource to give fuels retailers more insight into market direction so that they can best incorporate these trends into their strategic business decisions,” said NACS Vice President of Government Relations John Eichberger, who authored the report.

The energy efficiency of vehicles on the road is expected to improve 42% by 2040, led by increased efficiency of vehicles powered by gasoline, natural gas and propane — each of which is projected to reduce energy consumption per mile by more than 40%. This increased efficiency will lead to an overall 8.0% decline in liquid fuel consumption by 2040, with a 24% decrease in gasoline consumption that will be partially offset by a 26% increase in diesel fuel consumption and a 2,210% increase in E85 consumption. Consequently, gasoline’s share of the liquid fuels market is forecast to drop from 71.6% to 59.1%, while diesel fuel will expand from 28.4% to 38.8% and E85 will increase from 0.1% to 2.0%.

While other alternative fuels will see significant growth by 2040, their overall numbers will remain low enough to have a negligible effect on overall energy consumption with more than 250 million vehicles on the road today, the report noted.

“While some advocates claim that their product or technology can revolutionize the consumer fuels market, they could be looking at the future through rose-colored glasses. Therefore it’s important for retailers to understand how the government perceives the future of fuels and use that information to enhance their own opinions of forecasts,” said Eichberger. “NACS encourages all retailers to seek additional information and to carefully evaluate the opportunities and challenges associated with any fuel product in the market.”

“Future of Fuels” evaluates government forecasts for fuel consumption, vehicle inventories and consumer demand. Here are other key findings from the report:

  • The vehicle miles traveled by light duty vehicles (LDV) are projected to increase nearly 29% by 2040.
  • Liquid fuels — consisting of gasoline, diesel fuel and E85 — will remain the dominant energy source for transportation, losing only a 0.4% share of LDV energy consumption to 99.3% in 2040.
  • In the vehicle market, the share dominated by gasoline-powered vehicles will drop 14% to 79.9%; market share will increase for diesel powered and flexible fuel vehicles (capable of running on gasoline and E85), reaching 4.1% and 10.7%, respectively.
  • Current biofuels — ethanol and biodiesel — are forecast to increase from a 2012 supply of 13.58 billion gallons to 15.87 billion gallons in 2040. By 2040, EIA forecasts the availability of 225 million gallons of cellulosic ethanol.
  • Non-liquid fuel alternatives — natural gas, propane, electricity and hydrogen — will increase their total contribution to the light duty vehicle energy consumption by 125%, but still only contribute 0.7% of the energy consumed by 2040.
  • Electricity is projected to experience the strongest growth in the non-liquid market, increasing its share of non-liquid LDV energy from 2. 5% to 38.5%.
  • Hybrid vehicles are forecast to capture the greatest share of the LDV market, growing from 1.1% to 4.4%; plug-in hybrids are projected to have a 2040 market share of 1.0% and battery electric vehicles are expected to capture 0.4%. Natural gas, propane and hydrogen vehicles are projected to combine to capture 0.5% of the market in 2040.

“When considering where to invest for the future, retailers need to explore all of their options and rely on multiple sources for information. EIA’s Annual Energy Outlook provides a valuable baseline for making further evaluations. However, like all projections, they are subject to the model used, the assumptions made and the data currently available. Technological breakthroughs — in either the vehicle or fuels industries — can dramatically change the outcome of the market,” said Eichberger.

The complete “Future of Fuels” report is posted online.


Founded in 1961 as the National Association of Convenience Stores, NACS ( is the international association for convenience and fuel retailing. The U.S. convenience store industry, with more than 149,000 stores across the country, posted $700 billion in total sales in 2012, of which $501 billion were motor fuels sales. NACS has 2,100 retail and 1,600 supplier member companies, which do business in nearly 50 countries.

Gap rolls out its global marketing campaign “Lived-In”

Brings to Life Relaxed and Authentic Spring Collection

NEW YORK, 2014-2-19 — /EPR Retail News/ — Launching today, “Lived-In,” Gap’s global marketing campaign celebrates an authentic attitude, also captured in the brand’s spring product collection featuring a modern and youthful interpretation of classic, casual styles.

For years, Gap has shared its belief in the power of the individual by highlighting people who are always their most authentic selves. This season, the “Lived-In” attitude is brought to life by a cast of emerging and talented young artists including musicians, singers, actors and photographers.

Unveiled worldwide today, the campaign includes Trinidadian-born American recording artist Theophilus London; English singer-songwriters Birdy and Anna Calvi; American actors RJ Mitte and Julia Garner; Swedish photographer Lina Scheynius; and American singer-songwriter and record producer Ernest Green (performing under the stage name Washed Out). Each artist was photographed by David Sims, who is known for his ability to capture his subject’s own easy style – a confidence and comfort that can only be expressed in clothes that you can truly live in.

“We are proud of our tradition of finding emerging talent from around the globe and sharing them with the world in an authentic and meaningful way,” said Seth Farbman, Gap’s Global Chief Marketing Officer. “For 45 years, Gap has celebrated individual style, and as demonstrated through ‘Lived-In,’ there’s just something about a well-loved denim jean or washed out cotton tee that truly expresses a person’s character.”

The campaign will appear in March issues of national magazines, outdoor in cultural hubs of key markets and across Gap’s social media channels. In partnership with Vogue magazine, Gap created a first-ever tactile fabric print ad for their March issue, which includes a fabric logo made from the cotton of a worn-in tee. The campaign was developed in Gap’s Creative Center in New York in partnership with Peterson Milla Hook.

To follow the content, visit Gap’s FacebookTwitterPinterest and Instagram communities, and join the conversation with the hashtag #LivedIn.

Spring 2014 Collection
The spring collection, the first line developed by Creative Director Rebekka Bay, continues Gap’s expression of American optimism and casual style that feels as authentic as the talents of the artist wearing them in the campaign. The collection is both authentic and relaxed – encompassing womens, mens, kids and babies, all with a new washed down color palette and fabrics that look and feel like you’ve owned them forever.

“For spring, we’ve recognized the brand’s iconic pieces – khakis, denim and tees – as the focal points, and through the feel of the fabric and shade of colors, brought ‘Lived-In’ to life through design,” said Rebekka Bay, Gap’s Creative Director. “We’ve created a complete and cohesive collection for all divisions that goes beyond any one product category and any one customer.”

Standout styles in the women’s collection include the Broken-In Straight andBoyfriend Roll Up Short bottoms, which pair with the Sunwashed Fleece and Washed Boyfriend Shirt.

For men, highlights include the popular Lived-In Khaki and Lived-In Cargo Short, topped with the Lived-In Shirt, which is available in both solids and patterns.

About Gap
Gap is a global apparel and accessories brand focused on delivering casual, American style. The brand offers classic, iconic clothing that helps customers express their individuality through its Gap, GapKids, babyGap, GapMaternity and GapBody collections. With an optimistic point of view and belief that everyone can make their creative mark in the world, Gap embodies what it means to be bright. Founded in San Francisco in 1969 by Donald G. Fisher and Doris F. Fisher, the brand has grown from one store to over 1,600 company-operated and franchise retail locations around the world. Gap is the namesake brand for leading global specialty retailer, Gap Inc. (NYSE: GPS) which includes Gap, Banana Republic, Old Navy, Piperlime, Athleta and Intermix. For more information, please visit



Major milestone for BJ’s Wholesale Club’s Feeding Communities program: 15 million pounds of nutritious food donated to local food bank since inception

Westborough, MA, 2014-2-19 — /EPR Retail News/ — Today BJ’s Wholesale Club announced that its Feeding Communities program achieved a major milestone by donating 15 million pounds of nutritious food to local food banks since the program began in November 2011.  The 15 million pounds of food equates to 12 million meals to feed people who struggle to provide adequate food for their families.

Partnering with Feeding America, the nation’s leading domestic hunger-relief organization, each of BJ’s 201 Clubs donated its unsold produce, dairy, meat and fish to 44 local food banks and 4 agencies in the company’s 15-state footprint.

“When BJ’s Wholesale Club first began exploring what else we could do to better support the communities in which we have clubs, helping to feed the hungry seemed to be a natural fit given that BJ’s is a destination for the weekly food shop,” said Jessica Newman, assistant vice president of community affairs at BJ’s.    “One of the key tenants of our values at BJ’s is giving back; so helping  our neighbors exemplifies who the company is, which is something that our Members have come to value.”

According to Feeding America, millions of people who face hunger are hard-working adults as well as vulnerable seniors and children, many of whom do not always know where their next meal will come from and may have  to go without. So everyday BJ’s team members gather unsold and much needed vegetables, dairy items (eggs, milk, cheeses), fish, fresh fruits and meats (chicken, pork, beef) and prepare it for pick up by local food banks.  After pick up, the food banks sort and prepare the food for distribution to those who are in need within the community.

“Feeding America’s commitment to providing the healthiest options for our clients has made BJ’s longstanding partnership invaluable,” said Leah Ray, vice president of corporate partnerships. “Their donated items reach nearly a quarter of our local food banks helping thousands of families to become more food secure.”

In addition to donating 15 million pounds of food, BJ’s further supports each of the 201 communities with clubs through the BJ’s Charitable Foundation, which has donated more than $19 million to 2,200 community organizations since 2005, and through BJ’s Adopt-a-School Program, which has served 2,575 elementary schools since 1996.

About BJ’s Wholesale Club
BJ’s is dedicated to providing members with high-quality, brand-name food and merchandise at prices that are significantly lower than supermarkets, supercenters, department stores, drug stores and specialty retail stores.  BJ’s carries the most product variety of any Membership club with more than 7,000 items, including supermarket-sized staples, USDA Choice meats and stock-up items, as well as all-natural and organic products. BJ’s is the only membership club to accept all manufacturers’ coupons and for greater convenience, offers the most payment options including EBT.

Headquartered in Westborough, Massachusetts, BJ’s Wholesale Club, Inc. is a leading operator of warehouse clubs in the eastern United States.  The Company currently operates 200 clubs and in 15 eastern states.  Learn more and shop online at or for exclusive content visit and

About Feeding America
Feeding America is the nationwide network of more than 200 food banks that leads the fight against hunger in the United States. Together, we provide food to more than 37 million people through 61,000 food pantries, soup kitchens and shelters in communities across America. Feeding America also supports programs that improve food security among the people we serve; educates the public about the problem of hunger; and advocates for legislation that protects people from going hungry. Individuals, charities, businesses and government all have a role in ending hunger. Donate. Volunteer. Advocate. Educate.  Together we can solve hunger. Visit, find us on Facebook or follow us on Twitter.




Russia’s largest retailer Magnit to hold BOD Meeting on February 25, 2014

Krasnodar, Russia, 2014-2-19 — /EPR Retail News/ — OJSC “Magnit”, Russia’s largest retailer (the “Company”, the “Issuer”, MICEX and LSE: MGNT), is pleased to announce the holding of the Board of Directors meeting.

On February 19, 2014 the Chairman of the Board of Directors made the decision to hold the BOD meeting on February 25, 2014 with the following agenda:

1. Determination of the position of the OJSC “Magnit” representative at the exercise of the voting right on the JSC “Tander” shares owned by the Company.
2. Determination of the position of the OJSC “Magnit” representative at the exercise of the voting right on the LLC “Tandem” shares in the charter capital owned by the Company.
3. Ratification of the Anti-Bribery and Corruption Policy of Open Joint-Stock Company “Magnit”.

For further information, please contact:

Timothy Post Director, Investor Relations
Office: +7-861-277-4554 x7600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562

Dina Svishcheva Deputy Director, Investor Relations
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


Marks & Spencer to open flagship store located at newly renovated De Markies development in The Hague

LONDON, 2014-2-19 — /EPR Retail News/ — Marks & Spencer has today unveiled details of its flagship store located at the newly renovated De Markies development in The Hague. Marks & Spencer Chief Executive, Marc Bolland, will be joined by the UK Ambassador to the Netherlands, Sir Geoffrey Adams to officially mark the opening of the store at midday tomorrow (20 February).

Marc Bolland, Marks & Spencer Chief Executive, said: “We’re delighted to be opening our new flagship store in The Hague tomorrow. The spectacular De Markies renovation at the heart of The Hague offers us a unique opportunity to offer our customers something truly special. As our largest store on the Continent, we’re showcasing our most extensive fashion and food offer in the Netherlands. We’re really looking forward to welcoming customers to the store tomorrow.”

Trading over three floors, the new 4,800 square metre store is part of M&S’s ‘clicks & bricks’ strategy for the Netherlands across e-commerce and stores. Since returning to the Netherlands in April 2013, with its Dutch website,, and world-class multi-channel store located on the Kalverstraat in Amsterdam, Marks & Spencer has continued to build its presence in the Dutch market. The retailer now has six Marks & Spencer Food pilots at BP forecourts in key locations in Amsterdam, The Hague and Utrecht. The Hague store will be followed by a 6,100 square metre flagship store on The Rokin in Amsterdam in 2016.

Located in the heart of The Hague’s shopping district, the new store will offer over 2,500 outstanding quality food lines, as well as an in-store bakery and M&S Café. Customers will also be able to shop Marks & Spencer’s Best of British Spring/Summer capsule clothing collection. Combining M&S’s rich heritage with modern styling and an emphasis on true British craftsmanship and quality, the exclusive collection is only available online and at a handful of M&S stores in the UK and internationally.*

The new store will offer customers an extensive range of Marks & Spencer’s exceptional quality and confident style across womenswear, lingerie, menswear  and kidswear. Over 10,000 of the latest spring clothing and home products will also be available to order online in-store via customer assistants equipped with iPads, with free delivery when collecting orders in-store.

Best of British
The new store will feature Marks & Spencer’s exclusive Best of British collection which combines the retailer’s extensive clothing archive and heritage with modern styling, creating an edit of timeless pieces with an emphasis on true British craftsmanship and quality. All garments are designed and made in Britain from a selection of premium fabrics including luxury Scottish cashmere through to fine Yorkshire cloth. Each piece is finished to the highest level of detail, a standard synonymous with British design.

The Spring/Summer Best of British womenswear collection sees a new take on key shapes, with references to mod styling and an emphasis on premium fabrics and modern cuts. The colours palette is based on fresh tonal blues including cornflower, navy and denim, punctuated with ecru and vibrant pops of bright pink.

In menswear, the collection is drawn from silver and pastel tones, emphasizing classic British checks, from oversized window pane, to the Prince of Wales check.  Key pieces include the white mac, the check bomber and the oversized bow tie, forming a new-look masculine look for the season.

Exceptional quality, confident style clothing collections
Exceptional quality and confident style are at the heart of the M&S clothing offer. At the new store customers will be able to choose from quality, timeless wardrobe staples such as spring macs and trench coats, lightweight knitwear and impeccably cut suiting as well as trend-led wearable fashion pieces including catwalk inspired Autograph floral print crop top and high waisted trousers, chic M&S Collection striped zip through cropped jacket and Indigo collection contrast floral batik print dress.

The store’s clothing collections will also feature a host of clever product innovations including Stormwear™ finish denim and coats, a revolutionary fabric treatment which repels water, Waist Sculpt™ lingerie which flatters and shapes the silhouette and Insolia™ technology in its footwear ranges which improves comfort and stability in flat and high heeled shoes.

To help customers shop the extensive product offer, M&S has a range of exclusive own clothing brands, each with its own distinct look and identity, which allows customers to see which brand best meets their personal style preferences.  For example, in womenswear, Autograph emulates affordable designer quality with exquisite, understated elegance and luxury fabrics, Indigo is the retailer’s authentic fashion denim and casualwear range and Limited Edition includes the latest trends with new pieces added every six weeks. In menswear, Collezione is inspired by all things Italian with attention to detail in every suave, stylish piece, whilst Blue Harbour is inspired by classic British style and includes preppy polo shirts and chinos in a bold primary palette.

Each clothing brand will be highlighted for customers through unique branding, visual merchandising kit and propping – with more outfit suggestions displayed throughout the store to inspire and delight customers.

Outstanding quality food 
The new 700 square metre Foodhall will highlight the outstanding quality and freshness of M&S food. Over 2,500 food products will be available including:

  • M&S’s popular chilled prepared meals inspired by world cuisines – such as Indian, Chinese and Italian.
  • British favourites including Scottish smoked salmon, Aberdeen Angus steak, Cheddar cheese, shortbread, scones and crumpets.
  • Fresh sandwiches, and prepared salads and fruit, all ready to eat.
  • Quality fresh meat, fish and vegetables.
  • Biscuits, confectionery and savoury snacks for everyday eating, special occasions and gifting.
  • A large selection of wines from around the world (including Australia, New Zealand, South America , South Africa, France, Spain and Italy), a great choice of  beers from quality British breweries.

The store also features M&S’s popular in-store bakery and coffee bar providing a selection of coffee and teas alongside breads baked on-site every day, as well as a choice of pastries, shortbreads, scones, pies and cookies.

M&S Café
Customers will be able to enjoy M&S’s popular hospitality offer at the new store. Serving delicious, freshly-made dishes using the finest M&S ingredients, the 112 seater M&S Café is a destination for customers looking to have a break during their shop and use the store’s free customer wifi. Here they can enjoy hot snacks and traditional cream teas and English pastries as well as a wide range of Fairtrade teas and coffees served by specially trained baristas.


For further information, or request images or interviews, please contact:
Mijke de Jong  Citigate Netherlands   + 31 6 205 72 984
Marks & Spencer Corporate PR  +44 (0)20 8718 1980

Notes to Editors
* The new Spring/Summer Best of British collection is only available online and at The Hague flagship store, and M&S’s flagship atores in Paris, Shanghai and Mumbai, as well as five UK stores.

Store trading hours:

Day Foodhall Clothing & M&S Cafe
Monday 08.30-19.00 11.00-19.00
Tuesday – Wednesday 08.30-19.00 10.00-19.00
Thursday 08.30-21.00 10.00-21.00
Friday 08.30-19.00 10.00-19.00
Saturday 10.00-19.00 10.00-19.00
Sunday 12.00-18.00 12.00-18.00


Store address:                          Grote Marktstraat 32, 2511 BH Den Haag
Customer services telephone:  0031-0-70-3020102
Store Manager:                          Sumit Dattani

Images of the store and opening will be available to download on


About Marks & Spencer 

  • Marks & Spencer is one of the UK’s leading retailers. M&S sells high quality, great value clothing and home products as well as outstanding quality food. Around 20 million customers visit its stores each week and M&S has over 82,000 employees across the UK and 53 territories globally.
  • Marks & Spencer was founded over 129 years ago and currently has over 770 UK stores and over 440 international stores across Europe, the Middle East and Asia.
  • For more information please visit


Marks & Spencer to open flagship store located at newly renovated De Markies development in The Hague

Marks & Spencer to open flagship store located at newly renovated De Markies development in The Hague

Global multimedia retailer QVC to set up shop in LA to capture the magic of awards season with three-hour live broadcast

  • QVC‘s Red Carpet Broadcast to Feature Elegant Fashion and Glamorous Beauty
  • Live Broadcast from L.A. to Spotlight Star-Studded Soiree

WEST CHESTER, Pa., 2014-2-19 — /EPR Retail News/ — Celebrating red carpet style for the fifth consecutive year, global multimedia retailer QVC will once again set up shop in Los Angeles to capture the magic of awards season with an exciting three-hour live broadcast. The fifth annual “Red Carpet Style – Live from L.A.” will serve as a unique shopping experience within an exclusive soiree from the Wetherly Gardens at the Four Seasons Beverly Hills. Viewers will be offered specially designed and curated products that are reminiscent of a true red carpet event.

On Friday, February 28 from 9 PM to midnight (ET), red carpet laureate and host of E! Network’s “Fashion Police” Joan Rivers will join fashion designers Lori Goldstein, Dennis Basso, Mark Zunino, Bob Mackie and Isaac Mizrahi, who are all scheduled to present elegant, sophisticated pieces to wow the audience. Style icons Nicole Richie and Lisa Rinna along with celebrity stylist Jen Rade will introduce new items as well. Floor-length gowns, hand-beaded and embellished separates, luxurious fabrics and statement details will be prevalent in the impressive designs. Additionally, as part of an ongoing collaboration with Lifetime®’s Project Runway All Stars, season three winner Seth Aaron Henderson will join the lineup. Henderson will present two new styles from his QVC collection, which made an impressive debut in January resulting in three sellouts.

Especially exciting is the debut of Styled by Joe Zee, the brand new collection from esteemed fashion industry expert and Creative Director at ELLE magazine, Joe Zee. During “Red Carpet Style,” Zee will present two coordinating pieces that embody his idea of wearable glamour. In addition, the legendary Miss Piggy-fresh off the set of her new movie – “Muppets Most Wanted“-will be in attendance, showcasing Miss Piggy’s Haute Tote, the VIP gift bag she created for the event. A consumer version of the bag will also be available for purchase on

Viewers of the show can expect to see the best in beauty, jewelry and accessories to accompany the elevated fashion offerings of the night. All new croco-textured styles from JAI John Hardy, diamond pieces from Michael Beaudry and stunning Bronzo Italia® designs will be among the arm candy presented. Plus, tune in for beauty tips, tricks and collections from leading industry brands including Edward Bess, bareMinerals®Kate Somerville and Sarah Potempa, whose stylists will collaborate with artists from tarte cosmetics to create the hair and makeup looks for the broadcast.

“We have really enjoyed seeing the evolution of this annual event and are very excited to invite our viewers to experience this year’s broadcast,” said Claire Watts, CEO, QVC U.S. “We’re proud to collaborate with such talented designers and noteworthy brands to offer exciting products that were created especially for this red carpet event.”

The “QVC Red Carpet Style” event has become an anticipated industry favorite. This year, QVC has tapped brand leaders and tastemakers to contribute to the big night. George Kotsiopoulos, style authority and co-host of “Fashion Police” will serve as the QVC red carpet correspondent, interviewing celebrities as they arrive and encouraging guests to share pictures using #QVCRedCarpet. Highlights of those images will be displayed throughout the gardens via the DELL InstaGallery, which consists of multiple gallery-style walls featuring digital screens for a unique social sharing experience. Finally, the InstaGlam Suite powered by HALO, a leader in portable power, will be a hub for social networking within the event and will be hosted by fashion personality and television host Jeannie Mai.

For additional information on “Red Carpet Style – Live from L.A.,” visit

Products featured during the broadcast will be available, while supplies last, through QVC at 800.345.1515, the QVC apps

# # #

About QVC
QVC, Inc., a wholly owned subsidiary of Liberty Interactive Corporation (NASDAQ: LINTA, LINTB), is the world’s leading video and ecommerce retailer. QVC is committed to providing its customers with thousands of the most innovative and contemporary beauty, fashion, jewelry and home products. Its programming is distributed to approximately 290 million homes worldwide through operations in the U.S.JapanGermanyUnited KingdomItaly and a joint venture in China. West Chester, Pa.-based QVC has shipped more than a billion packages in its 27-year history and the company’s website,, is ranked among the top general merchant Internet sites. QVC, Q, and the Q Ribbon Logo are registered service marks of ER Marks, Inc.



Kourtney, Kim and Khloé Kardashian, in collaboration with Jupi Corp, to debut designs for girls at Babies“R”Us

NEW YORK, 2014-2-19 — /EPR Retail News/ — Kourtney, Kim and Khloé Kardashian, in collaboration with Jupi Corp, will soon debut designs for girls up to 24 months at Babies“R”Us, the nation’s leading juvenile products retailer. The Kardashian Kids collection features much adored motifs including butterflies, shimmering stars and a uniquely sweet take on the Kardashian’s signature animal print. The line ranges from newborn onesies, snuggly caps and cozy blankets, to stylish and functional two-piece sets, jackets and dresses. Kardashian Kids will be available exclusively at select Babies“R”Us stores across the U.S. and online at beginning March 15.

“Since becoming a mom, I’ve been so inspired to create Kardashian Kids with perfect prints, heavenly fabrics for a baby’s skin and to bring fashion to the baby world that is affordable,” said Kourtney, mother of Mason and Penelope.

The sweetly sophisticated pieces include delicate details of layered lace, pearl-embossed buttons, georgette appliques and leatherette. Pastels, touches of gold, calming neutrals and pops of color are all a part of the collection’s color palette. Cherished items include a playful white cotton onesie with girly tulle ruffles, soft gold polka-dot leggings and darling butterfly-printed bloomer shorts. From newborn must-haves to luxurious special occasion pieces, the line offers gentle fabrics in delightful and tender designs.

“Our grandmother opened a children’s fashion store, and from an early age I adored baby fashion. Later when Penelope was born, my sisters and I had so many ideas for how we wanted to dress her, but didn’t always find what we were envisioning. Now, as a mom, I cherish the time my baby and I spend together getting her dressed. The items in this collection are exactly what I have imagined for her,” said Kim, mother of North.

“With our ever-expanding family and our wide circle of friends having children, designing a baby collection was the next natural progression for my sisters and me. We hope the charming patterns and the uniquely stylish items are gifts new parents will be delighted to open,” said Khloé.

“The line was designed with fashionable parents in mind, and although trend is at the core of the collection, we never let it compromise quality and functionality. We always want to ensure we are offering our customers the finest quality at the best possible price and knew Babies“R”Us would be the perfect fit,” said Bruno Schiavi, Jupi Corp Chairman and Founder.

“At Babies“R”Us, our customers love sweet and sensible looks for their little girls, and always appreciate a good buy – something with fashionable flair and an affordable price tag. That’s just what Kardashian Kids offers,” said Tom Via, Senior Vice President, General Merchandising Manager. He continued, “Kourtney, Kim and Khloé each have their own, unique perspective and bring their individual strengths to the table. This has resulted in an adorable collection that pays close attention to the details that moms – and gift-givers – look for, and we’re thrilled to launch this line exclusively in March.”

Kardashian Kids items will retail from $15 to $30 and will be available at all Babies“R”Us stores and online at Fans can stay up-to-date on the latest Kardashian Kids news by following on Facebook (, Instagram (@Kardashian_Kids) and Twitter (@KKidsOfficial).

To download logos and images of the Kardashian Kids line, please click here.


Established in 1996 by Australian fashion designer Bruno Schiavi, Jupi Corporation has become a major global supplier of retail products for men, women and children including RTW, lingerie, underwear, shapewear, accessories, swimwear, outerwear, sleepwear and footwear. Jupi Corporation also specializes in full service brand building and is devoted to providing integrated product solutions by offering a result-focused model from strategy to execution, from initial concept through to global distribution and marketing of products.

Jupi’s branded products, as well as private label programs, are distributed throughout the Europe, Australia / New Zealand, The United States, Canada, The Middle East, Indonesia, Thailand, Malaysia, Singapore, and Brazil.

Toys“R”Us, Inc. is the world’s leading dedicated toy and juvenile products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 872 Toys“R”Us and Babies“R”Us stores in the United States and Puerto Rico, and in more than 715 international stores and over 180 licensed stores in 35 countries and jurisdictions. In addition, it exclusively operates the legendary FAO Schwarz brand and sells extraordinary toys in the brand’s flagship store on Fifth Avenue in New York City. With its strong portfolio of e-commerce sites including and, it provides shoppers with a broad online selection of distinctive toy and baby products. Headquartered in Wayne, NJ, Toys“R”Us, Inc. employs approximately 70,000 associates annually worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Additional information about Toys“R”Us, Inc. can be found on Follow Toys“R”Us, Babies“R”Us and FAO Schwarz on Facebook at and and on Twitter at and


Babies“R”Us® Media Contact:
Kerry Smith | Babies“R”Us® | 973.617.4380|

Jupi Corp + Kardashian Kids Media Contact:
Taryn Deane | Jupi Corp |310-975-8481 |

Kardashian Kids Media Contact:
Ashley Arnold | Rogers & Cowan | 212-878-5071 |


ICSC / Goldman Sachs Weekly Chain Store Sales Index: retailers enjoyed strong weekly sales results thanks to Valentine’s Day

NEW YORK, 2014-2-19 — /EPR Retail News/ — Love was in the air this past week as Valentine’s Day provided a much needed sales incentive for consumers. Given this, retailers enjoyed strong weekly sales results as sales rose by a solid 2.5% for the week ending February 15, 2014, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index. On a year-over-year basis, however, the pace of sales remained strong but slowed to 2.1%.

“Valentine’s Day gave consumers the much needed spark to shop and spend this past week,” said Michael Niemira, ICSC vice president of research and chief economist. “However, the week’s potential demand was pared somewhat by significant winter storms again. The ICSC‐GS consumer tracking survey found modest improvement versus the same week of the prior year for drug, department, apparel, wholesale clubs, specialty stores (such as jewelry stores), office and furniture stores. Dollar stores were down sharply—according to the survey, while demand was weaker for grocery and discount stores as well,” added Niemira.

For February, ICSC research forecasts that monthly comparable-store sales will increase between 3.0% and 3.5%, but will depend as weather patterns continue to impact sales results.

Week Ending          Index 1977=100          Year/Year Change          Weekly Change
15-Feb-14                     542.0                             2.1%                             2.5%
08-Feb-14                     528.9                             2.3%                            -0.3%
01-Feb-14                     530.7                             0.0%                             0.3%
25-Jan-14                      529.1                             2.2%                             0.2%

The Weekly Chain Store Sales Snapshot is produced by the International Council of Shopping Centers and Goldman Sachs. This index measures U.S. nominal same-store or comparable-store sales excluding restaurant and vehicle demand. The weekly index is constructed as a sales-weighted geometric average growth rate to preserve long-term consistency and is statistically benchmarked to a broad-based monthly retail industry sales aggregate that currently represents a sampling of leading retail chain stores, which also is compiled by ICSC. A representative sample of those major retailers has been used as a control group to extrapolate the weekly sales index. As such, the weekly index statistically represents industry sales and is not just a sum of sales for a handful of retailers. The standard period used for the index is Sunday through Saturday, even though some retailers use a different weekly accounting period. The weekly sales index is presented on an adjusted basis to account for normal seasonality and to counter other data anomalies. Weekly seasonal adjustment is at best difficult for chain store sales given that retailers can and often do shift promotions to counter typical shifts in the calendar. Nonetheless, the approach to weekly seasonal adjustment used follows from the Piser Method, which was popular in the early 1930s and became the standard for weekly adjustment.

The Goldman Sachs Group, Inc. is a bank holding company and a leading global investment banking, securities and investment management firm. Goldman Sachs provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

Founded in 1957, ICSC is the premier global trade association of the shopping center industry. Its more than 60,000 members in over 90 countries include shopping center owners, developers, managers, marketing specialists, investors, retailers and brokers, as well as academics and public officials.  As the global industry trade association, ICSC links with more than 25 national and regional shopping center councils throughout the world.  For more information, visit

ICSC Contacts:
Michael Niemira
+ 1 646-728-3472

Jesse Tron
+ 1 646-728-3814

Malachy Kavanagh
+ 1 646-728-3495

Goldman Sachs Contact:
Leslie Shribman
+1 212-902-5400