Federated Co-operatives Limited (FCL) 85th annual meeting in Saskatoon

Saskatoon, SK‎, 2014-3-4 — /EPR Retail News/ — Federated Co-operatives Limited (FCL) had a record-setting year in 2013, but the Co-op brand has to keep evolving to sustain growth over the long-term, Scott Banda, CEO, shared with more than 350 western Canadian delegates at FCL’s 85th annual meeting in Saskatoon.

“We face increasingly complex markets with sophisticated competitors, and yet 2013 was a record year for our co-operatives,” Banda said. “We can continue to compete by strategically investing to maximize our community impacts. Working together, we can use our Federation’s size and collective strength to capture opportunities that we cannot pursue alone.”

To illustrate that the Co-op business model is working, Banda pointed to FCL’s record $9.4 billion in sales last year, a $600 million increase over 2012. From $879 million in net earnings, $574 million was returned to local retail co-ops across the federation. FCL invested another $512 million in completing projects that included expanding the Co-op Refinery Complex in Regina, constructing the Carseland petroleum terminal near Calgary, and finishing a warehouse expansion in Saskatoon.
Banda thanked retail co-ops for their support and acknowledged all employees for their collective work in 2013. Together they made FCL the 48th largest company in Canada.

“For 85 years, our Federation has built the Co-op legacy in Western Canada by making life better in our communities,” Banda said. “Going forward, our challenge is to stay relevant by growing and evolving to meet our customers’ needs.”

FCL’s 2014 strategy is to leverage its gains by investing in internal capacity so that the growth lasts. Banda suggested that this can be accomplished by taking advantage of the scale that FCL and the retail cooperatives have together in the Co-operative Retailing System (CRS). This approach was evident when 17 Viterra fertilizer and seed centres were purchased last year, as well as when 14 Sobeys/Safeway grocery stores and four gas bars were acquired last month.

This strategy will lead to even better performance, predicted Glen Tully, who is retiring as FCL’s President and Board Chair this year.

“We’re truly on track to set the world standard in consumer co-operative excellence,” Tully said. “I’m confident that we’ll succeed, primarily because our values of integrity, excellence and responsibility will continue to shape our efforts going forward.”

Saskatoon-based FCL is owned by 225 retail co-op members across Western Canada. Together, the Co-operative Retailing System employs 23,000 people throughout Western Canada and serves more than 1.6 million members and other customers at 2,500 retail locations in 500 communities. Over the past 10 years, FCL has returned more than $4.1 billion to its retail member-owners. This money is reinvested by local retail co-ops in their operations to address their members and customers’ needs.

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Tom Lenkevich appointed president of GIANT/MARTIN’S division at Ahold USA

Carlisle, PA, 2014-3-4 — /EPR Retail News/ — Ahold USA today announced that Tom Lenkevich will join the GIANT/MARTIN’S division as president, effective March 4, 2014, reporting to Bhavdeep Singh, executive vice president, operations, Ahold USA.

Singh recently served in the role of GIANT/MARTIN’S division president on an interim basis following Rick Herring’s retirement. Lenkevich will manage all aspects of the division, with responsibility for GIANT/MARTIN’S sales, operating profits, organization and people. The GIANT/MARTIN’S division, headquartered in Carlisle, PA, operates nearly 200 supermarkets in Pennsylvania, Maryland, Virginia and West Virginia under the banners of GIANT Food Stores and MARTIN’S Food Markets. The division employs approximately 31,000 associates.

Lenkevich comes to GIANT/MARTIN’S with a strong record of retail experience, most recently with Save-A-Lot Food Stores as chief operating officer, senior vice president of retail operations. While at Save-A-Lot, he was responsible for all aspects of retail operations, merchandising/marketing and procurement for this national and international chain of corporate and licensed stores. Lenkevich has held a number of leadership positions of progressive responsibility with other large retailers as well, including: market director for Meijer, Inc.; divisional vice president of operations and vice president, merchandising and sales for A&P as well as several other positions of leadership in functions across the retail business. He began his retail career working his way through college as a clerk at Pantry Pride in Central Pennsylvania.

“Tom’s decades of grocery experience combined with his Central Pennsylvanian roots makes him a great addition to the GIANT/MARTIN’S division and the Ahold USA leadership team,” said James McCann, chief operating officer, Ahold USA. “In addition to leading the division, Tom will be driving activities to achieve sales results and working with the GIANT/MARTIN’S team to preserve the heritage of the local brand while at the same time reshaping retail with a strong focus on reinvesting in value and quality, and offering customers an omnichannel shopping experience to meet their needs both today and in the future.”

Lenkevich was raised in New Cumberland, PA, and has strong ties to the area. He is also a graduate of The Pennsylvania State University.

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Tom Lenkevich appointed president of GIANT/MARTIN’S division at Ahold USA

Tom Lenkevich appointed president of GIANT/MARTIN’S division at Ahold USA

 

Ahold publishes its 2013 Annual and Responsible Retailing Reports

Zaandam, the Netherlands, 2014-3-4 — /EPR Retail News/ — Ahold today published its 2013 Annual Report and 2013 Responsible Retailing Report.

Both reports are available as interactive pdfs on Ahold’s website at www.ahold.com. As part of its reporting suite, Ahold also published a “year in review” video hosted by CEO Dick Boer that looks back on some of the company’s achievements during 2013.

This year, Ahold’s Annual Report showcases its promises to be a better place to shop, a better place to work and a better neighbor, every day. To bring these to life, Ahold has also launched a new “Our promises” section on ahold.com that includes a collection of short videos about the progress being made on each of the promises. The Responsible Retailing Report focuses in on the five priority areas of Ahold’s responsible retailing strategy – healthy living, community well-being, our people, responsible products and care for the environment.

Please visit our “2013: year in review” page for more information and to download the reports.

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Ahold nominated René Hooft Graafland for appointment to its Supervisory Board

Zaandam, the Netherlands, 2014-3-4 — /EPR Retail News/ — Ahold today announced the nomination of René Hooft Graafland for appointment to Ahold’s Supervisory Board, with effect from January 1, 2015.

Ahold also announced the appointment of Judith Sprieser as Vice Chair of the Supervisory Board. Pending the approval of Mr. Hooft Graafland’s appointment, Ahold’s Supervisory Board will once again be made up of eight members: Jan Hommen (Chair), Judith Sprieser (Vice Chair), Stephanie Shern, Rob van den Bergh, Derk Doijer, Mark McGrath, Ben Noteboom and René Hooft Graafland.

The Supervisory Board will propose to the General Meeting of Shareholders on April 16, 2014, to appoint Mr. Hooft Graafland in the role of member of Ahold’s Supervisory Board starting January 1, 2015. Mr. Hooft Graafland currently holds the position of Chief Financial Officer and member of the Executive Board of Heineken N.V. Prior to that, he held various international management positions with Heineken in Europe, Asia and Africa. He is a member of the supervisory board of Wolters Kluwer N.V. and chairman of the supervisory board of Royal Theatre Carré.

The Supervisory Board will also propose to appoint Judith Sprieser for a new four-year term. First appointed as a member of Ahold’s Supervisory Board in 2006, Mrs. Sprieser has been appointed to the position of Vice Chair with effect from February 25, 2014. Mrs. Sprieser is former CEO of Transora, Inc, which she founded in 2000. Prior to that, she was executive vice president and CFO of Sara Lee Corporation. She is a director of Allstate Corporation, Reckitt Benckiser plc, Intercontinental Exchange, Inc. and Experian Plc.

Chairman of the Supervisory Board Jan Hommen said: “The Board is excited to propose René Hooft Graafland for appointment to Ahold’s Supervisory Board. He brings extensive international, financial and commercial experience in a sector relevant to Ahold. Judith Sprieser has been an outstanding Board member and has made strong contributions to Ahold’s Supervisory Board.”

Cautionary notice
This press release includes forward-looking statements, which do not refer to historical facts but refer to expectations based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those included in such statements. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Ahold’s ability to control or estimate precisely, such as discussed in Ahold’s public filings and other disclosures. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Koninklijke Ahold N.V. does not assume any obligation to update any public information or forward-looking statements in this release to reflect subsequent events or circumstances, except as may be required by law. Outside the Netherlands, Koninklijke Ahold N.V., being its registered name, presents itself under the name of “Royal Ahold” or simply “Ahold”.

 

Ahold to suspend its share buyback program as from March 7, 2014

Zaandam, the Netherlands, 2014-3-4 — /EPR Retail News/ — Ahold has repurchased 3,784,727 Ahold common shares in the period from February 24, 2014 up to and including February 28, 2014.

The shares were repurchased at an average price of € 13.4862 per share for a total consideration of € 51.04 million. These repurchases were made as part of the € 500 million share buyback program announced on February 28, 2013 as increased by € 1.5 billion to a total amount of € 2 billion announced on June 4, 2013.

The total number of shares repurchased under this program to date is 87,976,400 common shares for a total consideration of € 1,118.13 million.

In view of the completion of the capital repayment and reverse stock split, Ahold will suspend its share buyback program as from March 7, 2014. The share buyback program will restart on Monday March 31, 2014.

During the share buyback program, Ahold publishes a press release every Monday with a weekly update. Click here to view all the relevant information of these these weekly updates. Separate weekly press releases are available upon request. Please send an email to communications@ahold.com if you would like to receive one or more of these weekly releases.

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Michael A. Jones appointed chief customer officer at Lowe’s Companies, Inc.

Gregory M. Bridgeford Sets Plans to Retire After 32 Years with Lowe’s

MOORESVILLE, N.C., 2014-3-4 — /EPR Retail News/ — Lowe’s Companies, Inc. (NYSE: LOW) today announced that Michael A. Jones has been named the company’s chief customer officer, effective April 30, 2014. Jones currently serves as Lowe’s chief merchandising officer, overseeing the full merchandise offering for all Lowe’s U.S. stores and Lowes.com, as well as all global sourcing activities. Jones will succeed Gregory M. Bridgeford, who plans to retire after 32 years with the company.

In his new role, Jones will be responsible for creating experiences that best serve customers and differentiate Lowe’s from its competitors, and will oversee areas including customer experience design, merchandising, marketing and communications, and digital interfaces.

Robert A. Niblock, Lowe’s chairman, president and CEO, said, “I am confident that Mike is the right person to succeed Greg as chief customer officer. Over the past 14 months, Mike and Greg have worked closely together and have made terrific progress in further elevating and enhancing the Lowe’s customer experience. In assuming this new role, Mike brings extensive leadership experience, expertise in key product categories relevant to the home improvement business, understanding of the need for vendor collaboration, and a clear focus on the customer. We look forward to his further contributions to Lowe’s.

“At the same time, Lowe’s thanks Greg for his extraordinary dedication to the company over the past three decades. As Lowe’s has grown from a regional hardware chain in the 1980s to the nation’s second-largest home improvement company today, Greg has been a valued member of our organization. Two years ago, I asked Greg to delay his retirement plans and assume the role of chief customer officer to lead our efforts as we became a more customer-focused enterprise. Greg has built a world-class team that is executing on our strategy, so that the timing is now right for Greg to pass the baton to Mike. We wish Greg all the best in his retirement,” Niblock concluded.

Jones Background
Mike Jones joined Lowe’s in January 2013 with more than a decade of executive leadership experience in sales, service, product management and international business, serving with Husqvarna as president and executive vice president for North and Latin America from 2009 until joining the company in 2013. Before his role at Husqvarna, Jones spent 15 years at General Electric, where his most recent role was general manager of global cooking products from 2007 until 2009. Jones received a bachelor’s degree in business administration from California Coast University in Santa Ana, Calif.

Bridgeford Background
Greg Bridgeford was promoted to chief customer officer in 2012, after serving as executive vice president of business development since 2004. Bridgeford joined Lowe’s in 1982 as executive assistant to the chairman, and has served in a variety of increasingly responsible positions, including vice president of corporate development, senior vice president of merchandising/general merchandising manager, senior vice president of marketing, and senior vice president of business development where he oversaw corporate research, strategic planning, business process improvement, and real estate, engineering and construction. Bridgeford holds a bachelor’s degree in psychology from the University of Virginia and earned an MBA from Wake Forest University.

About Lowe’s
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company serving approximately 15 million customers a week in the United States, Canada and Mexico. With fiscal year 2013 sales of $53.4 billion, Lowe’s has more than 1,830 home improvement and hardware stores and 250,000 employees. Founded in 1946 and based in Mooresville, N.C., Lowe’s supports the communities it serves through programs that focus on K-12 public education and community improvement projects. For more information, visit lowes.com.

Immochan France transferred its Bérégovoy shopping centre in Avignon to OPCI Shopping Property Fund 2

Croix, France, 2014-3-4 — /EPR Retail News/ — As part of its arbitration strategy opening up to public and private investors and allowing the dynamic management of assets, Immochan France has transferred the “Bérégovoy” retail park adjacent to the Mistral 7 shopping centre in Avignon to OPCI  SPF2 represented and managed by BNP Paribas Real Estate Investment Management France.

This retail park, delivered in 2010, was developed by Immochan France. It is made up of 12 retail units on a total of approximately 13,000 m² leased to C&A, Intersport et Kiabi, amongst others.

Immochan France was advised for this operation by DC Advisory (Edouard Corbière, Benoît Thébault).

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Immochan France transferred 4 suburban properties to Fiducial Gérance

Croix, France, 2014-3-4 — /EPR Retail News/ — As part of its arbitration strategy and to finance Immochan’s growth including new constructions and extensions totalling almost 700,000 m² over the next 3 years, Immochan France has transferred 4 suburban properties that are located respectively in Nice La Trinité (06), Aubagne (13), St Jean de la Ruelle (45) and Castres (81) to several REITrepresented by Fiducial Gérance.

Leased to retailers Cabesto (Oxylane Group), Decathlon and Kiabi, the property covers around 9,500 m² for a rent of over €1.5 million. The operation resulted in an average rate of return of over 7.0%.

Immochan France was advised by DC Advisory (Edouard Corbière, Benoît Thébault).

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The new Grand Cap shopping center in Le Havre opens for business on Wednesday 5th March 2014

LE HAVRE, France, 2014-3-4 — /EPR Retail News/ — The new extension of the shopping mall the new Grand Cap opened for business on Wednesday 5th March 2014. A total of 100 modern and dynamic shops on 23,700 m² will offer a broad choice of retailers, services and activities to the residents of the urban area. A mall that looks like a village The aim from the very outset of the extension project of 19,000 m² was to create a shopping mall that catered for the specific characteristics and needs of inhabitants in the Le Havre region. 45 attractive new shops with a mixture of local and national brand will be opened in addition to the 55 existing shops and to offer affordable retailers for families, young households and senior citizens. Retailers in these new shops will bring some brands that don’t exist in the region (Shana, Calzedonia, Intimissimi, Height Sport) and services that will cater for the everyday needs of families: a medical centre with a radiology unit, a laboratory and a chemist shop. A post office, five bank branches will offer a broad range of services that do not close for lunch which suits employees better. A place that combines easy access (north ring road, direct tram route and a 2,400 space car park), modernity, light and spacious and environmentally friendly. Jobs into the bargain The extension of the mall has led to the creation of 270 new jobs to cover the demand of new shops and contribute to customers’ well-being. The mall as a whole will employ 490 people in total at the end of the final recruitment phase, i.e. a 123% increase compared to the initial number of employees, thereby making a contribution to the development of local, sustainable jobs. Some figures: Cost of the project: €50 million Area after the extension: 23,700 m² Extension of the mall: 19,000 m² Total number of shops: 100 Parking spaces: 2,400 spaces including 400 underground Architect: Jean-Guy Farnoux

 

Stop & Shop removed from sale Popsicle brand Orange, Cherry and Grape flavored ice pops

Purchase, NY & Quincy, MA, 2014-3-4 — /EPR Retail News/ — Following notification from its supplier, Unilever US, Stop & Shop announced it removed from sale Popsicle brand Orange, Cherry and Grape flavored ice pops due to exposure to an undeclared allergen, milk, on the ingredient label. This product is safe to consume for individuals who do not suffer from a milk allergy.

The following product is included in this recall:

  • Popsicle Orange, Cherry & Grape Ice Pops, 20 count box, UPC 7756712130 with best before dates of:
    • JUN0315GBV
    • JUN0415GBV
    • JUN0515GBV
    • JUN0615GBV

Stop & Shop has received no reports of illnesses to date. People who have an allergy or severe sensitivity to milk may run the risk of serious or life-threatening allergic reaction if they consume this product. Symptoms of food allergies typically appear from within a few minutes to two hours after a person has eaten the food to which he or she is allergic. Allergic reactions can include: hives; flushed skin or rash; tingling or itchy sensation in the mouth; face, tongue, or lip swelling; vomiting and/or diarrhea; abdominal cramps; coughing or wheezing; dizziness and/or lightheadedness; swelling of the throat and vocal cords; difficulty breathing; loss of consciousness.

Customers who have purchased this product should discard any unused portions and bring their purchase receipt to Stop & Shop for a full refund.

Consumers looking for additional information on the recall may call Unilever at 877-270-7402. In addition customers may call Stop & Shop Customer Service at 1-800-767-7772 for more information. Customers can also visit the Stop & Shop website at www.stopandshop.com.

About Stop & Shop
The Stop & Shop Supermarket Company LLC employs approximately 59,000 associates and operates 394 stores throughout Massachusetts, Connecticut, Rhode Island, New York and New Jersey. The company helps support local communities fight hunger, combat childhood cancer and promote general health and wellness – with emphasis on children’s educational and support programs. In its commitment to be a sustainable company, Stop & Shop is a member of the U.S. Green Building Council and EPA’s Smart Way program; has been awarded LEED (EB) certifications for 54 of its existing stores; and has been recognized by the EPA for the superior energy management of its stores. Stop & Shop is an Ahold company. To learn more about Stop & Shop, visit www.stopandshop.com or www.facebook.com/stopandshop.

Lindsay Hawley
Stop & Shop New England Division
617-276-7756
lhawley@webershandwick.com

Arlene Putterman
Stop & Shop NY Metro Division
914-251-2834
arlene.putterman@stopandshop.com

 

Giant Food of Landover, Md. recalls Popsicle brand Orange, Cherry and Grape

Landover, Md. 2014-3-4 — /EPR Retail News/ — Following a recall by Unilever US, Giant Food of Landover, Md. announced it removed from sale Popsicle brand Orange, Cherry and Grape due to exposure to an undeclared allergen, milk, on the ingredient label. This product is safe to consume for individuals who do not suffer from a milk allergy.

The following product is included in this recall:

  • Popsicle Orange, Cherry & Grape Ice Pops, 20 count box, UPC 7756712130 with best before dates of:
    • JUN0315GBV
    • JUN0415GBV
    • JUN0515GBV
    • JUN0615GBV

Giant has received no reports of illnesses to date. People who have an allergy or severe sensitivity to milk may run the risk of serious or life-threatening allergic reaction if they consume this product. Symptoms of food allergies typically appear from within a few minutes to two hours after a person has eaten the food to which he or she is allergic. Allergic reactions can include: hives; flushed skin or rash; tingling or itchy sensation in the mouth; face, tongue, or lip swelling; vomiting and/or diarrhea; abdominal cramps; coughing or wheezing; dizziness and/or lightheadedness; swelling of the throat and vocal cords; difficulty breathing; loss of consciousness.

Customers who have purchased this product should discard any unused portions and bring their purchase receipt to Giant Food for a full refund.

Consumers looking for additional information on the recall may call Unilever at 877-270-7402. In addition customers may call Giant Customer Service at (888) 469-4426 Monday through Friday from 9 a.m. to 5 p.m. for more information. Customers can also visit the Giant Food website at http://www.giantfood.com.

About Giant Food of Landover, Md.
Giant Food LLC, headquartered in Landover, Md., operates 170 supermarkets in Virginia, Maryland, Delaware, and the District of Columbia, and employs approximately 20,000 associates. Included within the 170 stores are 156 full-service pharmacies. Giant is owned by Ahold USA, Inc. For more information on Giant, visit www.GiantFood.com.

Jamie Miller
Giant Food of Landover, MD
(301) 341-8776
jmiller@giantfood.com

 

BRC Retail Crime Survey finds shop staff were victims of almost 36,000 incidents of violence or abuse in 2013

LONDON, 2014-3-4 — /EPR Retail News/ — Guidelines to help protect the retail sector’s three million employees from violence are being launched today, after the latest British Retail Consortium (BRC) Retail Crime Survey found that shop staff were victims of almost 36,000 incidents of violence or abuse last year. The Guidelines are endorsed by Home Office Minister for Crime Prevention Norman Baker, shop workers’ union Usdaw and the Association of Convenience Stores (ACS).

Respondents to the BRC Retail Crime Survey revealed that there were 38 incidents of violence and abuse per 1,000 employees in 2012-13. This equated to 25,000 instances of abusive or aggressive behavior towards staff and over 11,000 incidents of violence, the majority of which resulted in injury to the shop worker.

The widely supported BRC guidelines Tackling violence against staff aim to help retailers of all sizes improve staff protection and make it clear that abuse from customers should not be considered ‘part of the job.’ They demonstrate the extent of action being taken by retailers to keep staff safe, from safety-conscious design of the working environment to conflict management training and having effective procedures for when an incident occurs.

Crime Prevention Minister Norman Baker said: “Everyone has the right to feel safe at work and the National Retail Crime Steering Group, which I co-chair with the British Retail Consortium, considers violence against retailers to be a high priority.

“The government supports the publication of these guidelines today, which we hope will help retailers better protect themselves and their staff and educate shop workers in how to diffuse potential flashpoints. We also hope this guidance will improve crime reporting rates which we know are under reported.

“We will not tolerate violence towards shop workers, and have been very clear that the courts can take into account violence against those serving the public as an aggravating factor in considering the appropriate sentence.”

Helen Dickinson, Director General of the British Retail Consortium, said: “Retailers invest considerable time and resources in building and training their teams as well as protecting their workers, stock and property. Our guidelines are designed to help businesses of all sizes share and understand best practice in preventing staff from being attacked or abused. Beyond what retailers can themselves do, it is important that the police and criminal justice system respond effectively to those who are violent or threatening towards people who work in retail. They should be dealt with in exactly the same way as someone who commits such a crime on the street.”

John Hannett, General Secretary of Usdaw, said: “Usdaw welcomes these up-dated guidelines and BRC’s continued backing for the Union’s Freedom from Fear campaign. Usdaw’s own surveys in recent years have highlighted the scale of under-reporting, which found that one in four staff did not report the incident to their employer or the police in 2013. That is why the Union supports the BRC’s message to employers on the need for clear policies on violence in the workplace which are well communicated to staff so that they know that it will not be tolerated and understand how the organisation will protect them from violent or abusive acts”

James Lowman, ACS Chief Executive, said: “Violence against staff and retailers is unacceptable but still a huge problem with 51% of convenience retailers reporting some experience of violence or verbal abuse in the last year. We are supporting this guidance document to aid retailers to mitigate violence in their business and support staff.”

Notes to Editors

1. Click on the following link to download “Tackling Violence Against Staff: Best Practice Guidelines for Retailers”:  www.brc.org.uk/downloads/Tackling Violence Against Staff 2014.pdf

2. Click on the following link to download the British Retail Consortium Retail Crime Survey 2013″:  www.brc.org.uk/downloads/2013_BRC_Retail_Crime_Survey.pdf

3. The ACS Voice of Local Shops Survey is a quarterly tracker of the key indicators in our sector including crime. VOLS polls 1,100 retailers, running both symbol and independent businesses across the country. Click on the following link for further information:  www.acs.org.uk/en/research/voice-of-local-shops-survey/

Media Contacts: BRC Press Office 020 7854 8924

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