Philippines: SM Investments Corporation reports its 2013 net income grew 11% to PHP27.45 billion

Pasay City, Philippines, 2014-3-3 — /EPR Retail News/ — Philippines: SM Investments Corporation reports its 2013 net income grew 11% to PHP27.45 billion

Financial Highlights
SM Investments Corporation (SM) reported that net income for the full year of 2013 grew 11% to PHP27.45 billion from PHP24.67 billion for the same period last year. Earnings growth was driven largely by the strong performance of BDO.   Revenue increased 13% to PHP253.53 billion in 2013 from PHP223.88 billion in the previous year. EBITDA rose also by 11% to PHP60.90 billion, for an EBITDA margin of 24.0%.  SM’s Annual Earnings per Share (EPS) stood at PHP34.85 up 10% year-on-year.

SM President Harley T. Sy said, “SM’s full year earnings for 2013 reflect the overall progressive economic environment of the country which, however, is tempered by competitive dynamics and the effects of continuous climate change. With that in mind, SM is constantly evolving to take advantage of the enormous opportunities that are made available by a fast emerging economy. SM will remain focused on its core businesses of retail, property, and banking with portfolio investments in high-growth emerging sectors.”

Net Income Profile
Of SM’s consolidated net income, banks accounted for the largest share, with a contribution of 42.8%. The property group, consisting of malls and real estate accounted for 35.9% while retail pitched in 21.3%.

Philippines SM Investments Corporation reports its 2013 net income grew 11 to PHP27.45 billion pie chart

Banking  
BDO Unibank, Inc. (BDO) sustained its solid performance through the full year of 2013, as net income grew by 56% to PHP22.6 billion from PHP14.5 billion in the same period last year, in an environment marked by high system liquidity and volatility in the capital markets.

Gross customer loans increased by 19% to PHP911 billion on broad-based expansion across key markets. Meanwhile, total deposits accelerated by 44% to PHP1.3 trillion, led by steady growth in low-cost deposits as well as the inflow of maturing Special Deposit Accounts (SDA) funds from the Bangko Sentral ng Pilipinas (BSP). The growth in loans and deposits contributed to a 20% hike in net interest income to PHP43.2 billion. Further, non-interest income increased by 30% to PHP31.8 billion on the double digit expansion in both fee based income and trading and foreign exchange  gains. The growth in operating expense, meanwhile, remained steady at 9.5%.

Property
SM Prime Holdings, Inc. (SM Prime), one of the leading property developers in Southeast Asia, reported combined net earnings of PHP16.27 billion in 2013.

The 8% growth in SM Prime’s consolidated recurring net income in 2013 of PHP17.54 billion was tempered by the one-time restructuring cost of PHP1.27 billion. This was related to the recent consolidation of SM’s property assets into SM Prime, making it the largest property company in the Philippines with interests in mall, residential, commercial and tourism development businesses.

Consolidated revenues rose 5% to PHP59.79 billion from PHP57.22 billion a year ago. Rental revenues accounted for 54% of the total, and grew by 11% to PHP32.20 billion from Php28.95 billion in 2012.

The increase was primarily due to the full-year effect of new malls opened in 2012, namely SM City Olongapo, SM City Consolacion, SM City San Fernando, SM City General Santos, SM Lanang Premier, and the opening in 2013 of SM Aura Premier. Excluding the new malls and expansions, rental revenues grew 7%. SM Prime’s shopping malls in China also sustained their profit growth, with net income amounting to PHP958 million.

SM Prime has 48 malls in the Philippines with a total gross floor area of 6.2 million square meters. In terms of mall expansions, SM Prime recently opened the SM Mega Fashion Hall which catapulted Megamall as its largest mall in the country. It is home to the flagship stores of the world’s most popular fashion brands Uniqlo, Zara and the much awaited Swedish retailer H&M, which will open its first store in the Philippines in the middle of the year.

SM Prime also operates five malls in China with a total gross floor area of 800,000 square meters. It will open SM City Zibo this year and SM City Tianjin in 2015 which spans 540,000 square meters and will be the largest mall in SM’s entire China portfolio.

Real estate condominium sales for 2013 stood at Php20.78 billion. Three projects were launched in 2013, namely: Grass Phase 2, Shore and Trees. These projects are expected to contribute significantly to revenues starting in 2014. Gross margins improved to 42% versus 37% in 2012.

Consolidated operating expenses increased by 12% to Php23.72 billion in 2013 while consolidated costs of real estate was at Php11.94 billion, a 15% decrease from Php14.02 billion in 2012.

Retail Operations
For 2013, SM Retail reported a net income of PHP5.6 billion. Sales, meanwhile grew 14% to PHP180.9 billion. SM Retail’s net margin stood at 3%.

At the end of 2013, SM Retail had a total of 241 stores, consisting of 48 SM Department stores, and 193 food stores, consisting of 39 SM Supermarkets, 39 SM Hypermarkets, 93 SaveMore stores, and 22 Walter Mart supermarkets.

Formerly called SM Department stores, “The SM Store,” signifies the business’s commitment to being the fashion store for all amid rapidly changing fashion trends, highly competitive local and global labels and increased purchasing power. In line with its rebranding, the business continues to roll-out new store designs and lay-outs to accommodate more brands and deliver an enhanced shopping experience.

The business has also embarked on imaging campaigns aimed at boosting brand equity with a rising generation of higher-spending, fashion-conscious Filipinos through celebrity endorsers, both local and international. Global fashion icons have included Sarah Jessica Parker, who visited Manila in May, and more recently, top British model David Gandy, who was a main highlight during Philippine Fashion Week. Local celebrities have included Anne Curtis, KC Concepcion, Sam Milby and Luis Manzano.

Along with the expansion of its store network, the Food Retail Group continued the refurbishment and renovation of its stores, introducing lay-outs designed for customers to find products even more easily.

The Food Retail Group also continued to widen the range of consumer choices by continually updating its product assortment. There was also increased collaboration between the Group’s SaveMore format and sister-company China Bank Savings, with the bank locating mini-branches offering a full range of services at SaveMore stores.

SM Balance Sheet
The total assets of SM increased 13% year-on-year to PHP632.98 billion. As of end-December 2013, SM maintains a very healthy balance sheet with a gearing ratio of only 37% net debt to 63% equity. On the parent company level, SM announced a few initiatives that will help broaden its investor base and also broaden its portfolio of investments.

In July 2013, SM, through its appointed depositary, The Bank of New York Mellon, launched its American Depositary Receipt (ADR) Level 1 program. Under the program, ADR securities issued in the US representing SM common shares can be traded over-the-counter with one SM ADR representing 0.5 common shares of SM. This facility allows US investors to trade SM common shares in their own time zone and to settle transactions locally, broadening SM’s shareholder base and enhancing SM’s international visibility.

On the investment front, SM acquired 90% ownership of CPI Asia Ten B.V. which owns and operates five commercial buildings in Global City at Fort Bonifacio, Taguig.

More recently, SM announced the acquisition of 34% equity of CityMall Commercial Center, Inc. with the remaining 66% held by DoubleDragon Properties Corp. which is a 50/50 joint venture between the founders of the Mang Inasal and the Jollibee Groups.

The investment is in line with SM’s objectives to expand  community malls which will be put up initially in the Visayas and Mindanao regions.

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For further information, please contact:
Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
E-mail: cora.guidote@sminvestments.com
Tel. No. 857-0117
Philippines SM Investments Corporation reports its 2013 net income grew 11  to PHP27.45 billion

John Lewis partners with technology entrepreneur Stuart Marks for the launch of its first ever tech incubator ‘JLAB’

LONDON, 2014-3-3 — /EPR Retail News/ — As part of its 150 year celebrations, John Lewis is to launch its first ever technology incubator ‘JLAB’ later this year in a new partnership with technology entrepreneur Stuart Marks*. The purpose of JLAB is to identify and develop technology innovations that will provide the retailer with future strategic advantage with customers’ needs at the core of each idea.

Activity to mark the retailer’s 150th anniversary kicks off in May with the incubation period running from June until September. Both John Lewis and Stuart Marks will work together to select five start-up companies who will be based within JLAB during that time. While at JLAB, businesses will rapidly develop their products and solutions supported by a team of John Lewis leaders and external mentors.

Andy Street, Managing Director of John Lewis, said: ‘The Partnership’s founder, John Spedan Lewis, was a radical entrepreneur and so adopting a novel approach to business and retail innovation is not new to us, it’s a fundamental part of our DNA.’

‘Our 150 year anniversary not only gives us the chance to reflect on our history, but to look forward at how we shape the next 150 years. We have been ahead of the game in omnichannel retailing and through our JLAB incubator we will nurture the next generation of technology start-ups while helping ensure we remain on the cutting-edge of retail change.’

Paul Coby, IT Director at John Lewis, said: ‘As a big business we have a certain way of doing things and this is a chance to inject some of the spirit of a ‘start-up’. As this is an in-house project the companies will have regular input and help from the mentor team to ensure all ideas are aligned with our brand values, whilst fulfilling the strategic innovation brief.’

At the end of the incubation period, JLAB will announce the overall winner. John Lewis will invest £50k into the winning company, which will also be matched by Stuart Marks. They will get the chance to trial their solution and should this be a success, their solution will be implemented across the John Lewis estate.

Andrew Murphy, Retail Director at John Lewis and executive sponsor for the initative said: ‘The innovation focus we are looking for needs to help provide our customers with the most coherent, cross-channel shopping experience possible. We know customers really value being able to shop with John Lewis by phone, in shops and online and anything which enhances or simplifies that experience is of interest to us.’

‘What I’m looking for from the successful JLAB applicants is deliverable but stretching innovation which offers real benefit for customers in both our bricks and clicks businesses.’

Stuart Marks, technology entrepreneur, said: ‘I’m delighted to be working with John Lewis on JLAB. We have crafted something unique in the UK retail sector that will give businesses access to the best mentors and to an environment where they can develop their ideas. I’m certain that we will find new and exciting technology that will strengthen John Lewis’s leadership in omnichannel retailing.’

These main areas will form the innovation framework:

  • Helping customers shop: in-store innovation, omni customer experience (for example self service product info, prices) and technology driven customer inspiration.
  • Simplifying customers’ lives: innovation around the ‘internet of things’ (how all devices will communicate together enabling a more connected home).
  • Knowing each other: using data to drive real-time, in-store personalisation for customers.
  • Surprise us: Any innovative product or solution that delights customers’ by enhancing their shopping experience.

If you want the opportunity to be a part of JLAB, then apply on www.jlab.co.uk. The application process starts 3 March 2014 and closes 17 April 2014.

Notes to editors

*Stuart Marks’ biog – Stuart founded his first business in 1990 and since then has built up and sold several tech based companies specialising in Big Data. These have ranged from managing customer loyalty programmes, such as the Reward Card, the predecessor of Nectar for Sainsbury’s to building complex web interfaces at Module Communications, one of the UK’s leading digital media agencies which was sold to Grey Advertising. In 1999, Stuart founded LSE listed ITIS Holdings which was a very early adopter of crowd sourced GPS data  to provide real time traffic information across Europe. Having sold ITIS to Seattle based INRIX in 2011, Stuart established his own fund which invests in and mentors many start up and growth stage companies in the UK.

The John Lewis Partnership – The John Lewis Partnership operates 40 John Lewis shops across the UK (30 department stores and ten John Lewis at home), johnlewis.com, 302 Waitrose shops, waitrose.com and business to business contracts in the UK and abroad.  The business has annual gross sales of over £9.5bn.  It is the UK’s largest example of worker co-ownership where all 85,500 staff are Partners in the business.

John Lewis – John Lewis, ‘Retailer of the Year 2013’¹ , ‘The Nation’s Best Retailer’² and ‘Best Retailer 2013’³, typically stocks more than 350,000 separate lines in its department stores.  The website stocks over 250,000 products focused on the best of fashion, beauty, home and giftware and electrical items including online exclusives. johnlewis.com is consistently ranked one of the top online shopping destinations in the UK. (www.johnlewis.com).  John Lewis Insurance offers a range of comprehensive insurance products – home, car, wedding and event, travel and pet insurance and life cover – delivering the usual values of expertise, trust and customer service expected from the John Lewis brand.

¹ Oracle Retail Week Awards 2013
² Verdict Consumer Satisfaction Awards 2013
³ Which? Awards 2013

Enquiries
For further information please contact:

Vikki Speed
Press Officer, Corporate and Social Media
Telephone: 020 7931 4921
Email: vikki_speed@johnlewis.co.uk

Sainsbury’s awarded top spot of Greenpeace’s tuna league table for its 100% pole and line own brand tinned tuna

LONDON, 2014-3-3 — /EPR Retail News/ — Sainsbury’s has taken the top spot of Greenpeace’s tuna league table which looks at the sustainability standard of tinned tuna sold in supermarkets.

Positioned as one of the ‘market leaders’ for offering customers pole and line caught skipjack tuna across all our own brand tuna products from canned through to sandwiches and ready meals.

Sainsbury’s ‪was given the special award of ‘Top tuna supermarket’ for our 100% pole and line own brand tinned tuna and for having remained at the forefront of tuna sustainability for many years. We were also recognised for extending this level of standard to own brand products such as sandwiches and salads.

Ally Dingwall, Aquaculture & Fisheries Manager, Sainsbury’s says: “It’s great to be awarded the top spot again and recognised for the work we do to source our food with integrity. We’re the UK’s largest retailer of MSC and Freedom Food fish and we proudly offer our customers pole and line caught skipjack tuna across all our own brand tuna products from canned through to sandwiches and ready meals.

“Last year 100% of the canned skipjack tuna sourced from the Maldives and canned under Sainsbury’s own label became Marine Stewardship Council (MSC) certified and labelled. This is a significant step forward in protecting the world’s tuna stocks and is the result of four years’ work by the Sainsbury’s fish sourcing team.”

It groups the top five brands as ‘market leaders’ which encompasses Sainsburys, the Co-operative, Waitrose, Morissons, Marks & Spencer.  Sainsbury’s ranked number one in 2008 and joint first in 2011 in the tinned tuna league table.

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Sainsbury's awarded top spot of Greenpeace's tuna league table for its 100% pole and line own brand tinned tuna

Sainsbury’s awarded top spot of Greenpeace’s tuna league table for its 100% pole and line own brand tinned tuna

Tesco raised £10 million for Diabetes UK in their first year of partnership

Cheshunt, England, 2014-3-3 — /EPR Retail News/ — Tesco and Diabetes UK have announced that Tesco colleagues, suppliers and customers have raised £10 million in the first year of their partnership.

The £10 million, which is funding research, education and awareness programmes to make life better for people with diabetes or those who are at risk of developing it, is one of the largest amounts ever raised in 12 months through a charity partnership in the UK.

Tesco and Diabetes UK have also confirmed they will continue to work together in 2014 to raise further vital funds.   The ongoing partnership reflects the fact diabetes is one of the biggest health challenges the UK faces today and, with the number of people diagnosed with diabetes now standing at 3.2 million, there is an urgent need to give more support to address this challenge.

The £10 million already raised has been invested in:

  • Diabetes UK’s biggest ever research programme, into developing a vaccine for Type 1 diabetes that could transform the lives of those at high risk of the condition. Diabetes UK will announce the launch of the research programme by the end of the year.
  • The largest ever advertising campaign to encourage people to check their risk of Type 2 diabetes, which included on-street, radio, transport and digital advertising. Since the partnership started and thanks to the boost of the campaign, more than 70,000 people have checked their risk of getting Type 2 diabetes in Tesco pharmacies or online.
  • Distributing 1 million information leaflets and booklets about Type 1 and Type 2 diabetes in Tesco stores.
  • Putting on events across the country to help give people with Type 2 diabetes information about how they can manage their own condition. The Living with Diabetes Day programme, which started at the end of last year, will support nearly 10,000 people over two years.
  • Extending the opening hours of Diabetes UK Careline, a dedicated diabetes helpline, to support even more people with Type 1 and Type 2 diabetes.

Funds raised over the coming months will help to fund further research and other awareness projects.

To help reach the £10 million fundraising total, Tesco colleagues have embraced challenges and put on fundraising events in stores, distribution centres and offices around the UK; suppliers supported the partnership through promotions; and more than 7,500 people volunteered to take part in a charity collection that raised over £380,000 in three days. Throughout the year, Tesco customers have generously supported the partnership.

Barbara Young, Chief Executive of Diabetes UK, said: “Throughout the last year, I have been consistently amazed and humbled by the way Tesco colleagues, customers and suppliers have raised so much money for what is a hugely important cause.

“From shaving their heads to dressing up in all manner of silly costumes to one man who even rowed the Atlantic Ocean, they have inspired all of us at Diabetes UK with the way they have thrown themselves into the fundraising. Raising £10 million is an extraordinary achievement and this will make a big difference to the lives of people with diabetes and those at risk of developing it.

“As well as wanting to take the chance to thank them all, I also want to welcome their decision to extend the partnership. This is a really exciting development that will mean that, working together, we can fund even more research and give more people the information and support they need to have the best possible chance of a long and healthy life.”

Chris Bush, Managing Director of Tesco UK said: “Throughout a year of incredible fundraising, I’ve been overwhelmed by the response from our customers, colleagues and suppliers who have given so much to raise such an impressive amount for Diabetes UK.

“It’s a fantastic achievement and one that has already helped fund important research and the largest ever awareness campaign to encourage people to check their risk of Type 2 diabetes.

“One of our ambitions is to help our colleagues and customers lead healthier lives and the work we’ve been doing in partnership with Diabetes UK to raise awareness of the condition and promote healthy living is an integral part of that effort.

“In recognition of what an important public health issue diabetes has become in the UK, I’m calling on all our colleagues to redouble their efforts in 2014 as we continue our partnership with Diabetes UK, with the aim of raising even more funds for this vitally important cause.”

Notes to editor:

About Diabetes UK:

  • Diabetes UK is the leading UK charity that cares for, connects with and campaigns on behalf of all people affected by and at risk of diabetes.  For more information on all aspects of diabetes and access to Diabetes UK activities and services, visit www.diabetes.org.uk
  • In the UK, there are around 3.8 million people who have diabetes.  There are more than 3.2 million people living with Type 1 and Type 2 diabetes, and around 630,000 more who have Type 2 diabetes but don’t know they have it because they haven’t been diagnosed.  As many as 7 million people are at high risk of developing Type 2 diabetes and if current trends continue, an estimated 5 million people will have diabetes by 2025.
  • Diabetes is a condition where there is too much glucose in the blood because the body cannot use it properly. If not managed well, both Type 1 and Type 2 diabetes can lead to devastating complications.  Diabetes is the leading cause of blindness in people of working age in the UK and is a major cause of lower limb amputation, kidney failure and stroke.
  • People with Type 1 diabetes cannot produce insulin.  About 10 per cent of people with diabetes have Type 1. No one knows exactly what causes it, but it’s not to do with being overweight and it isn’t currently preventable.  It usually affects children or young adults, starting suddenly and getting worse quickly.  Type 1 diabetes is treated by daily insulin doses – taken either by injections or via an insulin pump – a healthy diet and regular physical activity.
  • People with Type 2 diabetes don’t produce enough insulin or the insulin they produce doesn’t work properly (known as insulin resistance).  85 to 90 per cent of people with diabetes have Type 2.  They might get Type 2 diabetes because of their family history, age and ethnic background puts them at increased risk.  They are also more likely to get Type 2 diabetes if they are overweight.  It starts gradually, usually later in life, and it can be years before they realise they have it. Type 2 diabetes is treated with a healthy diet and increased physical activity.  In addition, tablets and/or insulin can be required.

About the Tesco National Charity Partnership:

  • Diabetes UK is Tesco’s National Charity Partner. Tesco and Diabetes UK hope to raise even more funds to create healthier communities for everyone affected by, and at risk of, diabetes.
  • The partnership aims to support the 3.8 million people who have to live with diabetes every day; and help hundreds of thousands of people take action to reduce their risk of Type 2 diabetes. It will also see investment into ground-breaking research.
  • Since 1988, Tesco has chosen a different charity every year to be the focus for colleague fundraising. The Tesco Charity Trust tops up colleague fundraising by 20%, up to a maximum of £500,000.
  • The partnership will be supported throughout the year by a range of product promotions in Tesco stores and online which will carry a donation to Diabetes UK. Tesco Bank will continue to donate 0.0125p for every transaction made at ATM’s at Tesco stores. Clubcard customers can also donate their points to Diabetes UK.

Media team

For journalist enquiries only contact the Tesco Media Centre Monday to Friday, 8am to 6:30pm on:
+44(0) 1992 644 645

Out of hours call:
+44(0) 1992 644 733

 

Tesco reduced milk prices as part of its focus on everyday low prices on products that matter most to its customers

Cheshunt, England, 2014-3-3 — /EPR Retail News/ — Tesco has today announced that the price of a four pint bottle of milk as been cut from £1.39 to £1 from Monday 3rd March, as part of the retailer’s focus on every day low prices on the products that matter most to its customers.

The announcement comes a week after Tesco cut prices on tomatoes, onions, peppers and cucumbers – like milk, these are products that are put into most customers’ shopping baskets.

The reductions mean that a customer buying four pints of milk; a kilo of carrots; a whole cucumber; a pack of salad tomatoes; a pack of three peppers and a bunch of salad onions every week will save more than £100 over a year.

Tesco has pledged that the prices that come down will stay down, as customers want to see more stable pricing from supermarkets.

Customers at Tesco also benefit from Price Promise, which is the only scheme that matches prices on fresh food, own label and branded products and provides a voucher for customers online and before they leave the store – making sure they never lose out.

The new lower price for milk has no impact on the price Tesco pays to the milk farmers in its pioneering Tesco Sustainable Dairy Group (TSDG).  Around 650 farmers supply milk to Tesco, and the price Tesco pays for the milk is set independently twice a year.

The price is always above the cost of production, ensuring that their business turns a profit so they can plan and invest for the future.

John Scouler, Tesco Commercial Director, said: “We care about our milk and where it comes from, which is why we set up the TSDG.  We promise that our farmers will always be paid a fair and independently agreed price for their milk, so they can invest in the future of their farms and provide higher welfare standards for their cows.  When our customers buy their milk at Tesco, they can be confident that it’s responsibly sourced and at a fair price for all.”

ENDS

Notes to editors

1.      Customers who purchase the following products every week will save £108.16 over a year:

  • Salad tomatoes – from £1 to 69p
  • Whole cucumber – from 65p to 49p
  • 1kg carrots – from £1 to 80p
  • Bunch of salad onions – from 75p to 49p
  • 3 pack of peppers – from £1.75 to 99p
  • Four pints of milk – from £1.39 to £1

2.        The price of a six pint bottle of milk is also coming down, from £1.99 to £1.48.  In Northern Ireland, two litre bottles will come down to 90p from £1.09.

Media team

For journalist enquiries only contact the Tesco Media Centre Monday to Friday, 8am to 6:30pm on:
+44(0) 1992 644 645

Out of hours call:
+44(0) 1992 644 733

Carrefour in Belgium work with Bebat, Recupel and Atravet to help its customers recycle

Brussels, Belgium, 2014-3-3 — /EPR Retail News/ — Carrefour Belgium’s hypermarkets are working alongside Bebat, Recupel and Atravet, and are asking their customers to return their batteries, power cells, torches, deep frying oils and fats, low-energy lights bulbs and a small household appliances.

Sustainable entrepreneurship and sustainable waste management go hand-in-hand. We’ve known this for some time: Carrefour Belgium was already been committed to keeping its waste production down, recycling as much of it is possible, making use of its undersold stock and raising the awareness of both its suppliers and employees of this issue. But Carrefour wanted to go even further.

Carrefour is striving to be an environmentally-friendly retailer

For several years now, its customers have been able to make an active contribution to an environmental programme that involves saving energy, limiting waste production and implementing a sustainable form of consumption. They could, for example, bring their batteries back, depositing them in collection boxes that Bebat had set up at store entrances.

In order to meet growing demand from customers and be consistent with the Carrefour Group’s sustainable development policy, Carrefour Belgium has joined forces with Bebat, Recupel and Atravet to implement a wide-ranging campaign to recover the following types of waste:
> Deep frying oils and fats
> Batteries, power cells, torches, etc.
> Small household appliances
> Low-energy light bulbs

An initial trial was carried out in 5 stores. It got under way in August 2013 at stores in Evere, Waterloo Mont-Saint-Jean, Herstal, Borsbeek and Oostakker.
A module made up of 4 special containers was set up at the entrance to each of these stores in a special recycling area that was highly visible and clearly marked out.
Essentially, customers can drop off their torches, batteries and power cells and small household appliances, having already removed their batteries and power packs, as well as their oils and fats, packaging them in sealed bottles.

Six months later, the trial has been a success. The initiative has been very well received and Carrefour Belgium has decided to roll out the module across the whole country.

As of 28 February, practically all Carrefour hypermarkets now have these containers, except for a few stores (which are being renovated or which do not have enough room for them). Carrefour has exclusive access to the recycling areas throughout the launch period.

Through this initiative, Carrefour is striving to get the general public to adopt an environmentally-friendly attitude and emulate its approach.

Because waste management is something for which we are all responsible!

For further information, please contact Carrefour Belgium:
Vera Vermeeren on +32 (0)2 729 23 41 or by email: vera_vermeeren@carrefour.com
Dolores Somma on +32 (0)2 729 19 19 or by e-mail: dolores_somma@carrefour.com

Now you can also keep up-to-date with Carrefour Belgium’s corporate news on Twitter: carrefour_bnews

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Carrefour in Belgium work with Bebat, Recupel and Atravet to help its customers recycle

Carrefour in Belgium work with Bebat, Recupel and Atravet to help its customers recycle

 

Publix reports $7.4 billion Q4-2013 sales, 5.3 percent increase YoY

LAKELAND, Fla., 2014-3-3 — /EPR Retail News/ — Publix’s sales for the fourth quarter of 2013, were $7.4 billion, a 5.3 percent increase from last year’s $7.0 billion. Comparable-store sales for the fourth quarter of 2013 increased 4.3 percent.

Net earnings for the fourth quarter of 2013 were $422.0 million, compared to $392.8 million in 2012, an increase of 7.4 percent. Earnings per share for the fourth quarter increased to $0.54 for 2013, up from $0.50 per share in 2012.

Publix’s sales for the fiscal year ended Dec. 28, 2013, were $28.9 billion, a 5.2 percent increase from last year’s $27.5 billion. Comparable-store sales for 2013 increased 3.6 percent.

Net earnings for 2013, were $1.7 billion, a 6.6 percent increase from last year’s $1.6 billion. Earnings per share increased to $2.12 for 2013, up from $1.98 per share in 2012.

These amounts are based on audited reports that will be filed today with the U.S. Securities and Exchange Commission and made available on the company’s website at www.publix.com/stock.

Effective March 1, 2014, Publix’s stock price increased from $30.00 per share to $30.15 per share. Publix stock is not publicly traded and is made available for sale only to current Publix associates and members of its board of directors. “I’m pleased our operating performance resulted in another increase in our stock price,” said Publix CEO Ed Crenshaw. “Our associates — the owners of Publix — deserve the credit for this achievement.“

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Apple to debut its CarPlay with leading auto manufacturers at Geneva International Motor Show

CarPlay Premieres with Leading Auto Manufacturers at the Geneva International Motor Show

GENEVA, 2014-3-3 — /EPR Retail News/ — Apple® today announced that leading auto manufacturers are rolling out CarPlay, the smarter, safer and more fun way to use iPhone® in the car. CarPlay gives iPhone users an incredibly intuitive way to make calls, use Maps, listen to music and access messages with just a word or a touch. Users can easily control CarPlay from the car’s native interface or just push-and-hold the voice control button on the steering wheel to activate Siri® without distraction. Vehicles from Ferrari, Mercedes-Benz and Volvo will premiere CarPlay to their drivers this week, while additional auto manufacturers bringing CarPlay to their drivers down the road include BMW Group, Ford, General Motors, Honda, Hyundai Motor Company, Jaguar Land Rover, Kia Motors, Mitsubishi Motors, Nissan Motor Company, PSA Peugeot Citroën, Subaru, Suzuki and Toyota Motor Corp.

“CarPlay has been designed from the ground up to provide drivers with an incredible experience using their iPhone in the car,” said Greg Joswiak, Apple’s vice president of iPhone and iOS Product Marketing. “iPhone users always want their content at their fingertips and CarPlay lets drivers use their iPhone in the car with minimized distraction. We have an amazing lineup of auto partners rolling out CarPlay, and we’re thrilled it will make its debut this week in Geneva.”

Apple has led consumer technology integration in the car for more than a decade. CarPlay brings your car and iPhone together for a thoughtful experience that lets drivers focus on driving, while also tapping into everything they want to do with their iPhone.

Once iPhone is connected to a vehicle with CarPlay integration, Siri helps you easily access your contacts, make calls, return missed calls or listen to voicemails. When incoming messages or notifications arrive, Siri provides an eyes-free experience by responding to requests through voice commands, by reading drivers’ messages and letting them dictate responses or simply make a call.

CarPlay makes driving directions more intuitive by working with Maps to anticipate destinations based on recent trips via contacts, emails or texts, and provides routing instructions, traffic conditions and ETA. You can also simply ask Siri and receive spoken turn-by-turn directions, along with Maps, which will appear on your car’s built-in display.

CarPlay gives drivers access to all of their music, podcasts, audiobooks and iTunes Radio℠ with easy navigation through listening choices from the car’s built-in controls or simply by asking Siri to pull up what you’d like to hear. CarPlay also supports select third-party audio apps including Spotify and iHeartRadio, so you can listen to your favorite radio services or sports broadcast apps while driving.

Pricing & Availability
Apple CarPlay is available as an update to iOS 7 and works with Lightning-enabled iPhones, including iPhone 5s, iPhone 5c and iPhone 5. CarPlay will be available in select cars shipping in 2014.

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

Press Contacts: 
Christine Monaghan
Apple
cmonaghan@apple.com
+1 (408) 974-8850

Adam Howorth
Apple
adamh@apple.com
+44 207 184 1202

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

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

L Brands’ Amie Preston to present February Sales Report in pre-recorded webcast on Thursday, Mar. 6, 2014

COLUMBUS, Ohio, 2014-3-3 — /EPR Retail News/ — In conjunction with L Brands’  sales release, you are invited to listen to a pre-recorded broadcast of the February sales report with Amie Preston, Chief Investor Relations Officer for L Brands (NYSE: LB).  The broadcast will be available on the Internet on Thursday, Mar. 6, at 7:30 a.m. ET.

What: L Brands February Sales Report
When: 7:30 a.m. ET on Thursday, Mar. 6, 2014
Where: http://www.LB.com
How: Simply log on to the Web at the address above or dial 1-866-639-7583.
There is no security passcode.

To access the broadcast, click on the February sales webcast link on the homepage.  The call will be also archived on www.LB.com.

ABOUT L BRANDS:
L Brands, through Victoria’s Secret, Pink, Bath & Body Works, La Senza and Henri Bendel, is an international company.  The company operates 2,648 specialty stores in the United States and its brands are sold in about 800 company-operated and franchised additional locations world-wide.  The company’s products are also available online at www.VictoriasSecret.comwww.BathandBodyWorks.comwww.HenriBendel.com and www.LaSenza.com.

CONTACTS:

Tammy Roberts Myers
Vice President, Communications
614-415-7072 tel.

Amie Preston
Chief Investor Relations Officer
614-415-6704 tel.

 

Vanity Fair Oscar Party: Penelope Cruz chose to wear gown designed by H&M

This year, at the Vanity Fair Oscar Party, Academy Award winning actress Penelope Cruz chose to wear a dazzling fitted flamenco inspired gown designed by H&M.

Stockholm, Sweden, 2014-3-3 — /EPR Retail News/ — H&M’s in-house design team customized the look to complement Ms. Cruz for this special occasion. The midnight blue full length ruffled gown is made of more sustainable materials. A similar style will be available in select H&M stores as part of the Conscious Exclusive collection launching April 10, 2014. The Conscious Collections are part of H&M’s commitment to offer customers more sustainable fashion.

“Penelope Cruz is an actress that we really admire, she has a feminine and glamorous style, and always personal and irresistibly beautiful. I’m so thrilled that one of the most incredible actresses in the world chose to wear an H&M gown in more sustainable materials for this occasion, and I hope this will inspire our customers,” says Ann-Sofie Johansson, H&M’s Head of Design, New Development.

For more information, please contact:

Kristina Stenvinkel
Head of Communications
Telephone: +46 70 796 54 40
E-mail: stenvinkel@hm.com

Camilla Emilsson Falk
Head of Media relations
Telephone: +46 70 796 96 15
E-mail: camilla.emilsson-falk@hm.com

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Title: Penelope Cruz in HM Conscious Exclusive gown at 2014 Vanity Fair Oscar Part 466473453CH00114_2014_Vanit Copyright: Photo by Larry Busacca/VF14/Getty Images for Vanity Fair 2014 Larry Busacca/VF14 Description: West Hollywood, CA - March 2. Actress Penelope Cruz attends the 2014 Vanity Fair Oscar Party Hosted By Graydon Carter on March 2, 2014 in West Hollywood, California. WEST HOLLYWOOD, CA - MARCH 02: Actress Penelope Cruz attends the 2014 Vanity Fair Oscar Party Hosted By Graydon Carter on March 2, 2014 in West Hollywood, California. (Photo by Larry Busacca/VF14/Getty Images for Vanity Fair)

Title:
Penelope Cruz in HM Conscious Exclusive gown at 2014 Vanity Fair Oscar Part 466473453CH00114_2014_Vanit
Copyright:
Photo by Larry Busacca/VF14/Getty Images for Vanity Fair 2014 Larry Busacca/VF14
Description:
West Hollywood, CA – March 2. Actress Penelope Cruz attends the 2014 Vanity Fair Oscar Party Hosted By Graydon Carter on March 2, 2014 in West Hollywood, California. WEST HOLLYWOOD, CA – MARCH 02: Actress Penelope Cruz attends the 2014 Vanity Fair Oscar Party Hosted By Graydon Carter on March 2, 2014 in West Hollywood, California. (Photo by Larry Busacca/VF14/Getty Images for Vanity Fair)

Russia’s largest retailer Magnit opened its 163rd small format hypermarket in Novocherkassk, Russia

Krasnodar, Russia, 2014-3-3 — /EPR Retail News/ — OJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of the 163rd hypermarket of a small format.

Please be informed that on March 1, 2014 the Company has opened its 163rd hypermarket of a small format located at 71, Platovsky prospect, Novocherkassk, Rostov region, Southern federal district. Assortment of the hypermarket consists of about 7,500 SKUs, out of which about 82% are food items. There are 15 cash desks installed in the sales area. The outlet is owned by the Company. The hypermarket is open 7 days a week from 8 am to 10 pm.

For further information, please contact:

Timothy Post
Director, Investor Relations
Email: post@gw.tander.ru
Office: +7-861-277-4554 x17600
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 x15101
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.