The Home Depot® Foundation launched 2nd annual Spring into Service campaign to plant edible gardens for 1,000 Homeless Veterans at Housing Facilities

Team Depot Associate Volunteers to Plant Edible Gardens for 1,000 Homeless Veterans at Housing Facilities across the Country

ATLANTA, 2014-3-20 — /EPR Retail News/ — Today, The Home Depot® Foundation launched its second-annual Spring into Service campaign, a season-long initiative to plant edible gardens that will provide fresh fruits and vegetables for 1,000 homeless U.S. military veterans at facilities that serve them. This effort is part of the Foundation’s five year, $80 million commitment to ensure every veteran has a safe place to call home.

The first project will take place in Charlotte today, where 100 volunteers from Team Depot, the company’s associate-led volunteer force, will plant an edible community garden in partnership with The Rotary Club of Gastonia. The garden will provide fresh produce for local homeless veterans and others in need at several local facilities.

During the campaign and throughout the spring season, Team Depot will plant additional gardens and complete repair projects at facilities across the country in partnership with local and national nonprofits.

“On any given night, there are nearly 60,000 homeless veterans,” said Kelly Caffarelli, president of The Home Depot Foundation. “We’re excited to put our gardening skills to work and celebrate the spring season with many of our nonprofit partners that provide safe housing to homeless veterans by planting healthy fruits and vegetables like tomatoes, squash, berries and peppers that will serve veterans in need for years to come.”

For more about The Home Depot Foundation’s efforts to address veterans’ housing needs, follow The Home Depot Foundation on Twitter @homedepotfdn, #TeamDepot, like on Facebook atwww.facebook.com/homedepotfoundation or visit www.homedepotfoundation.org.

The Home Depot Foundation is dedicated to improving the homes of U.S. military veterans through financial and volunteer resources to help nonprofit organizations. The Foundation has pledged $80 million to these efforts over five years, and since 2011 has invested more than $65 million to ensure every veteran has a safe place to call home.

Through Team Depot, the company’s associate-led volunteer program, thousands of Home Depot associates volunteer their time and talents to positively transform neighborhoods and perform basic repairs and modifications to homes and facilities serving veterans with critical housing needs.

Since its formation in 2002, The Home Depot Foundation has granted more than $380 million to nonprofit organizations improving homes and lives in local communities. To learn more and see our associates in action, visit www.homedepotfoundation.org, www.facebook.com/homedepotfoundation andwww.twitter.com/homedepotfdn.

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For more information, contact

Lisa Walsh
The Home Depot Foundation
770-384-4281
Lisa_Walsh@homedepot.com

Ben Owens
The Home Depot Foundation
770-433-8211 x 84133
Benjamin_Owens@homedepot

Intershop and Siteworx to jointly demonstrate “experience-driven commerce” at Adobe Summit

  • Intershop selects Siteworx as a strategic North American partner, furthering Intershop’s continued expansion of U.S. partner strategy.
  • Intershop and Siteworx to jointly demonstrate seamless omni-channel commerce experience using Adobe Experience Manager at Adobe Summit, March 24-28.

San Francisco, 2014-3-20 — /EPR Retail News/ — Intershop, the largest independent technology vendor for omni-channel commerce solutions, today announced that it has signed an agreement with Siteworx, LLC, a leading digital experience agency, to be a strategic partner for integrating Intershop’s omni-channel commerce platform and Adobe Experience Manager. Intershop’s alliance with Siteworx further demonstrates the company’s commitment to rapid expansion of its U.S. partner ecosystem. The partnership will be showcased as Intershop and Siteworx jointly demonstrate “experience-driven commerce” at Adobe Summit, the Digital Marketing Conference, to be held March 24th-28th in Salt Lake City, where attendees can learn how unifying content, community and commerce can add significant value to a brand’s online presence.

Siteworx will provide strategy, design and integration services that create a powerful and immersive customer experience across in-store, mobile, and online based on the Intershop market-leading omni-channel commerce platform and Experience Manager, Adobe’s leading Web experience management solution. Selected for their unique set of skills and capabilities including mobile, responsive design, personalization and deep expertise in Adobe’s Marketing Cloud, Siteworx will recommend, create and deliver truly immersive cross-channel shopping experiences that will allow brands to increase conversions and improve brand loyalty.

“Customers’ content and commerce experiences are converging across delivery channels and companies want a solution that will move business and operational complexity to the background while delivering a dynamic omni-channel customer experience,” said David Cunningham, General Manager, Intershop. “Intershop’s mantra is ‘transforming technology into business value’ and this partnership is a big win for companies embracing personalization.”

The partnership between Intershop and Siteworx will provide significant value to the companies’ mutual customers. The combined expertise helps customers create a richer shopping experience and more personalized content across channels. The more engaging the content, the more likely shoppers are to spend, and remain loyal to a brand. At the same time, digital marketers will have less complexity to wrestle with when managing products, promotions and messaging across channels.

“We are very excited to be partnering with Intershop,” Ted Stites, VP of Strategy and Insights, Siteworx. “Their uniquely scalable and flexible platform for omni-channel commerce will allow us to create game-changing immersive shopping experiences for our mutual customers.”

  • To find out more about Intershop 7 please visit here
  • To find out more about Siteworx, please visit here
  • To find out more about Adobe Experience Manager, please visit here 

About Siteworx
Siteworx is an award-winning digital experience agency with deep roots in experience design, web content management (WCM), eCommercedigital asset management (DAM), and systems integration. For more than a decade, our uncommon blend of technology and design know-how has helped digital leaders such as Time Warner Cable, Citrix Online and Mandarin Oriental Hotel Group discover, create and deploy best-in-class multi-channel experiences and connect with their customers and prospects in more engaging, more profitable ways.

About Intershop
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services including online marketing. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 500 enterprise customers, including HP, BMW, Deutsche Telekom, and Mexx run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.

This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop’s limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

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Carrenza and Intershop launched new joint omni-channel commerce offering

London, 2014-3-20 — /EPR Retail News/ — Carrenza, major specialist in cloud based technologies and Intershop, a leading provider of omni-channel commerce solutions, have announced their partnership and the launch of a new joint offering based on their technologies and services.

The joint offering will see Carrenza take the legacy Intershop client/server application and deliver it via a Software-as-a-Service model, enabling the firm to offer it to customers on a utility based pay-as-you-go op-ex model with flexible pricing options depending on the best fit for each individual customer.

The strong relationship between Carrenza and Intershop has been established by a growing list of successful deployments, delivered in conjunction with Intershop’s integration partners, such as Javelin Group. Since first coming together two years ago, Majestic Wine, Pottermore and de Bijenkorf are just some of the success stories.

Among the successes of this partnership is the support of Dutch retailer de Bijenkorf’s Three Crazy Days sale in October 2013. During this event, the client’s website was the second-busiest ecommerce platform in Europe, so it was vital the firm could rely on its partners to scale its offering quickly for the occasion.

Richard Weaver, Ecommerce Director at Majestic Wine says; “The service provided by Carrenza and Intershop provides the flexibility and scalability required to meet the needs of our online business, both today and for future growth. We wanted a best-of-breed product capable of meeting our requirements and the solution from Carrenza and Intershop delivers.”

Carrenza is using its market leading approach to automation to simplify the deployment and management of the Intershop omni-channel platform to enable a true “as-a-Service” model without having to rewrite the software. This consists of a range of open-source tools that are able to streamline all aspects of the deployment and management of the Intershop application, and well as the related databases and the underlying infrastructure. The result is a service with built in scalability and resiliency, perfect for even the most demanding of e-commerce environments.

Udo Rauch, VP Channel at Intershop said: “The partnership with Carrenza enables us to offer fully scalable on-demand solutions to our partners and customers. That trust and competence that we have built up with Carrenza has been the basis on which our relationship has flourished, and we’re now excited to engage further with them to take us to new markets and ensure even more customers can benefit from our omni-channel commerce solution.”

About Carrenza
Carrenza is an award winning end-to-end cloud services provider, delivering on-demand infrastructure as a service and platform as a service solutions. Carrenza provides organisations with proven expert advice and market leading services, using an innovative approach to delivering cloud solutions that meet ever changing business needs. Carrenza has been delivering Cloud services since 2006 and clients include; Comic Relief, Fulham Football Club, Cineworld, Government Digital Service, and RBS.

For further information go to: http://www.carrenza.com or contact Andrew Mellish; 0845 337 0827, Andrew.mellish@carrenza.com.

For our Media Pack, containing company logo’s, photos and staff bio’s, visit: http://carrenza.com/news-centre/media-pack/.

About Intershop
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services including online marketing. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 500 enterprise customers, including HP, BMW, Deutsche Telekom, and Mexx run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online atwww.intershop.com.

This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop’s limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

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Magnit announces results of its BOD meeting held on March 20, 2014

Krasnodar, Russia, 2014-3-20 — /EPR Retail News/ — OJSC “Magnit”, Russia’s largest retailer (the “Company”, “Issuer”; MICEX and LSE: MGNT), is pleased to announce the results of the BOD meeting held on March 20, 2014.

Please be informed that on March 20, 2014 the BOD meeting was held (minutes of the BOD meeting of OJSC “Magnit” are w/o No. of March 20, 2014).

The meeting agenda:
1. Determination of OJSC “Magnit” business priorities.
2. Approval of the related party transactions.
3. 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.

The following BOD members were present: A. Arutyunyan, V. Butenko and K. Pombukhchan. S. Galitskiy, A. Zayonts, A. Makhnev and A. Shkhachemukov provided their written opinions on the items of the agenda of the BOD meeting of OJSC “Magnit”.

The number of the BOD members participated in the meeting, including written opinions of S. Galitskiy, A. Zayonts, A. Makhnev and A. Shkhachemukov amounts to not less than half of the number of the BOD
members determined by the Charter of the Company. Quorum to hold the BOD meeting with this agenda is present.

Content of the decisions and voting results:

Item 1 on the agenda:
“To determine OJSC “Magnit” business priorities by means of ratification of the Plans of financial and economic activity of the Company for the second quarter of 2014”.

Votes were cast as follows:
A. Arutyunyan – “for”, V. Butenko – “for”, S. Galitskiy – “for”, A. Zayonts – “for”, A. Makhnev – “for”, K. Pombukhchan – “for”, A. Shkhachemukov – “for”.
The decision was made.

Item 2.1 on the agenda:
“To approve the real estate lease agreement which the Company plans to execute in future with JSC “Tander” and which is the related party transaction with the following essentials:
• Parties of the transaction: Lessor – OJSC “Magnit”, Lessee – JSC “Tander”.
• Subject of the transaction: the Lessor shall provide the following real property to the Lessee for a fee for temporary possession and use: non-residential premises №39 with the total space of 31.1 sq. m, located on the 1st floor of the non-residential office building with the total space of 8,193.9 sq. m, letter B, B1, number of floors: 6, number of underground floors: 1, located at the address: 15/5 Solnechnaya street, Prikubanskiy district, Krasnodar, Krasnodar region, Russia. The real property shall be provided to the Lessee for the organization of a medical room.
• Lease fee: 18,349 (eighteen thousand three hundred and forty nine) rubles per month including VAT and shall be calculated as a lease fee rate of 590 rubles per square meter of the space of the non-residential premises.
• Lease period: 360 (three hundred and sixty) calendar days. If neither of the parties announces its intention to cancel the agreement before its expiration, the agreement shall be considered prolonged for an indefinite period.

The price of the property to the possible disposal of which the transaction is related amounts to less than 2% of the book value of assets of the Company determined on the basis of the accounting statements for the latest accounting period”.

Votes were cast as follows:
A. Arutyunyan – “for”, V. Butenko – “for”, S. Galitskiy – “for”, A. Zayonts – “for”, A. Makhnev – “for”, K. Pombukhchan – “for”, A. Shkhachemukov – “for”.
The decision was made.

Item 2.2 on the agenda:
“To approve the real estate lease agreement which the Company plans to execute in future with JSC “Tander” and which is the related party transaction with the following essentials:
• Parties of the transaction: Lessor – OJSC “Magnit”, Lessee – JSC “Tander”.
• Subject of the transaction: the Lessor shall provide the following real property located at the address: 15/5 Solnechnaya street, Prikubanskiy district, Krasnodar, Krasnodar region, Russia, to the Lessee for a fee for temporary possession and use:
– part of the non-residential office building with the total space of 8,193.9 sq. m, letter B, B1, number of floors: 6, number of underground floors: 1, excluding the non-residential premises №39 (1st floor, with the total space of 31.1 sq. m), №№26-30 (3rd floor, with the total space of 129.8 sq. m), №2, №5 (5th floor with the total space of 49.3 sq. m), the total space of the leased premises amounts to 7,983.7 sq. m;
– boiler room, purpose: non-residential, with the total space of 61.6 sq. m, letter G12, number of floors: 1;
– garage, purpose: non-residential, with the total space of 337.5 sq. m, letter G11, number of floors: 1.
The real property shall be provided to the Lessee for the use as office and service premises.
• Lease fee:
– For the Building: 4,710,383 (four million seven hundred and ten thousand three hundred and eighty three) rubles per month including VAT and shall be calculated as a lease fee rate of 590 rubles per square meter of the space of the Building.
– For the Boiler room: 24,713 (twenty four thousand seven hundred and thirteen) rubles 92 kopecks per month including VAT and shall be calculated as a lease fee rate of 401.2 rubles per square meter of the space of the Boiler room.
– For the Garage: 135,405 (one hundred and thirty five thousand four hundred and five) rubles per month including VAT and shall be calculated as a lease fee rate of 401.2 rubles per square meter of the space of the Garage.

• Lease period: 11 (eleven) months. If neither of the parties announces its refusal to prolong the agreement before its expiration, the agreement shall be considered prolonged automatically for the same period and with the same essentials.
The price of the property to the possible disposal of which the transaction is related amounts to less than 2% of the book value of assets of the Company determined on the basis of the accounting statements for the latest accounting period”.

Votes were cast as follows:
A. Arutyunyan – “for”, V. Butenko – “for”, S. Galitskiy – “for”, A. Zayonts – “for”, A. Makhnev – “for”, K. Pombukhchan – “for”, A. Shkhachemukov – “for”.
The decision was made.

Item 3 on the agenda:
“To recommend the sole executive body of OJSC “Magnit”, which is the sole shareholder of JSC “Tander”, to make the following decision at the realization of the voting right on shares owned by the Company: “Under the clause 14.2 of the Charter of JSC “Tander” to approve the conclusion of the Credit agreement on the opening of the credit line by JSC “Tander” (hereinafter – the “Borrower”) with “Gazprombank” (open joint-stock company) (hereinafter – the “Creditor”), which the Borrower plans to execute in future, related to acquisition, disposal and an opportunity of the company to dispose property, directly or indirectly, the cost of which amounts to 5 and more percent of the balance sheet value of assets of the company, its subsidiaries, principal company (of which the company is a subsidiary), as well as other subsidiaries of the principal company (“Group”), determined on the basis of the latest available IFRS consolidated report of the Group with the following essentials of the Credit agreement:

1. The Creditor shall open the Credit line to the Borrower and provide Credit Tranches (part of the Credit provided within the Credit line) in the amount and on terms specified in the Credit agreement, and the Borrower shall repay the Credit received through the Credit line, pay interest and fulfill other Obligations under the Credit agreement.
2. Purpose of the Credit: financing of the current operations stipulated in the Charter.
3. Interest rate for the Credit use comprises not more than 12% (twelve percent) per annum.
4. Limit of indebtedness on the Credit line (maximum amount of the aggregate debt on the Credit line) comprises 15,000,000,000 (fifteen billion) rubles.
5. Use of the Credit line is performed by the Credit Tranches each being provided for the term not exceeding 36 (thirty six) months taking into account the term of validity of the Credit agreement.
6. The term of validity of the Credit agreement amounts not more than 42 (forty two) months.

Hereby to provide V. Gordeychuk, Chief executive officer of JSC “Tander”, with the right to sign Additional agreements which determine the terms of the Credit provision and change terms of the General agreement including but not limited to the change of the interest rates, the change of the term of credit provision.”

Votes were cast as follows:
A. Arutyunyan – “for”, V. Butenko – “for”, S. Galitskiy – “for”, A. Zayonts – “for”, A. Makhnev – “for”, K. Pombukhchan – “for”, A. Shkhachemukov – “for”.
The decision was made.

For further information, please contact:

Timothy Post Director, Investor Relations
Email: post@gw.tander.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562

Dina Svishcheva Deputy Director, Investor Relations
Email: Chistyak@gw.tander.ru
Office: +7-861-277-4554 x 15101
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

Price Chopper Supermarkets hosts Kosher Open House to highlight Kosher Passover products on March 30

Colonie, NY, 2014-3-20 — /EPR Retail News/ — Just in time for Passover, Price Chopper Supermarkets will be hosting a Kosher Open House to highlight the more than 1,000 Kosher for Passover products available, provide samples from a wide variety of
Kosher for Passover products and to get cooking tips from kosher catering experts. Passover begins the evening of April 14 this year.

The open house will be held on Sunday, March 30 from 10:00 AM – 2:00 PM at Price Chopper’s “Kosher Store” in Colonie: 1892 Central Avenue.

Representatives from Kosher food purveyors Empire Foods, Osem, Streit’s, Kedem, Manischewitz, Joyva, Dr. Brown’s and Gabila’s will be in attendance to provide samples and meet with attendees. In addition, the authors of the award-winning Divine Kosher Cooking cookbook will be on hand with Passover recipes and cooking tips.

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About Price Chopper
Based in Schenectady, NY, the Golub Corporation owns and operates 132 Price Chopper grocery stores in New York, Vermont, Connecticut, Pennsylvania, Massachusetts and New Hampshire. The American owned, family-managed company prides itself on longstanding traditions of innovative food merchandising, leadership in community service, and cooperative employee relations. Golub’s 22,000 teammates collectively own more than 51% of the company’s privately held stock, making it one of the nation’s largest privately held corporations that is predominantly employee-owned. For additional information, visit www.pricechopper.com

Contact:
Mona Golub
Price Chopper
518.379.1480
Or
Jonathan Pierce, APR
Pierce Communications
518.427.1186

H&M to launch new Conscious and Conscious Exclusive collections using more sustainable materials

Stockholm, Sweden, 2014-3-20 — /EPR Retail News/ — On April 10th, H&M launches its new Conscious and Conscious Exclusive collections. With two new materials, organic leather from the Swedish leather supplier Tärnsjö, and organic silk, the collections show what can be done in more sustainable materials.

“H&M is proud of its sustainability work. Conscious and Conscious Exclusive show the breadth of possibilities with sustainable materials, and our new Clever Care labelling lets our customers join our mission towards a more sustainable future for fashion,” says Ann-Sofie Johansson, H&M´s Head of Design, New Development.

Conscious Exclusive collection is made in collaboration with the sustainable fashion and design think-tank EVER Manifesto, who share H&M’s commitment to a more sustainable future for fashion. Ever Manifesto will also appear in the Conscious Exclusive campaign together with Amber Valletta, the supermodel and actress also known for her commitment to sustainability. Amber Valletta is also the face of the Conscious collection campaign.

Conscious Exclusive is a special designed limited collection made by high quality fabrics and dramatic and intricately details inspired by flamenco and bohemia. New introduced materials are organic leather, leather from cows bred for organic meat production in Swedish farms, and organic silk that is silk cultivated in organic mulberry trees. The collection will be available in 150 selected H&M stores worldwide as well as online. Amber Valletta has recently launched the site Master & Muse for socially responsible customers and selected pieces will be sold on yoox.com in the area dedicated to Amber Valletta´s Master & Muse.

This year’s Conscious collection is full of key fashion pieces made by more sustainable materials and perfect for the spring. Key pieces is a bright orange dress that is longer at the back and made from Tencel with polyamide and a loose-cut kaftan covered in a hand-drawn zebra print. The collection will be available in all H&M stores as well as online.

For more information about Clever Care, please visit clevercare.info

For information about Ever Manifesto, visit: www.evermanifesto.com

GLOBAL MEDIA INQURIES

Only for media representatives
Phone: +46 8 796 53 00
Email: mediarelations@hm.com

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H&M to launch new Conscious and Conscious Exclusive collections using more sustainable materials

H&M to launch new Conscious and Conscious Exclusive collections using more sustainable materials

IKEA announced plans to expand the warehouse of its Detroit-area store in Canton, MI

CONSHOHOCKEN, PA, 2014-3-20 — /EPR Retail News/ — IKEA, the world’s leading home furnishings retailer, today announced plans to expand the warehouse of its Detroit-area store in Canton, MI. As a result of this work, IKEA Canton, which opened June 2006 at 311,000 square feet in size, would grow nearly 44,000 SF to the new size of approximately 355,000 SF. Initial utility work would begin this coming summer with actual construction activity starting in Fall 2014. The store would remain open and operational during construction, maintaining its full product offering throughout the project’s completion in Spring 2015.

The project would include expanding the Self-Serve Furniture Area (where shoppers collect flat-packed furniture to take home on the same day), rearranging customer service functions to the newly built part of the store and enlarging the home delivery area. This extension would blend seamlessly into the existing structure so the store can preserve the unique architectural design for which IKEA stores are known worldwide.

“IKEA is thrilled with the success of IKEA Canton. But, as our customer base and sales continue to grow – along with our product assortment – the store’s warehouse capacity now is less than ideal,” said Matt Hunsicker, IKEA Canton store manager. “Extending the store’s Self-Serve Furniture Area so it can hold more products would allow us to improve the shopping experience, to meet our customers’ needs more easily, and to enhance our ability to keep lowering prices.” Increased goods availability and the opportunity for the store to inventory more stock would result in transport savings continually passed on to customers.

For less than a year, IKEA Canton would undergo phased implementation of a reconfigured Self-Serve Furniture Area, a larger ‘As-Is’ section, as well as larger and shifted customer service areas such as Furniture Pick-Up and an expanded Home Delivery area. The Exit Bistro and Swedish Foodmarket, however, would stay in their current locations. During construction and build-up of this extension, the full product selection would remain available onsite. Ultimately, the warehouse would increase from 75,294 SF to 113,294 SF. IKEA alsowould demolish the adjacent building to make room for the addition to IKEA Canton.

IKEA would aim to minimize any disruption or inconvenience to customers during the construction of the building’s extension. “This project may require some flexibility by our customers, but we are confident it will create an enhanced shopping experience with access to a bigger product selection and greater quantities of each item,” added Hunsicker.

Located on approximately 30 acres along Ford Road off I-275 at the intersection with Haggerty Road, the 311,000-square-foot IKEA Canton opened in June 2006. In addition to 10,000 exclusively designed items, the store presents 52 different room-settings, three model home interiors, a supervised children’s play area, and a 350-seat restaurant serving Swedish specialties such as meatballs with lingonberries and salmon plates, as well as American dishes. Other family-friendly features include a Children’s IKEA area in the Showroom, baby care rooms, play areas throughout the store, and preferred parking. Also, IKEA installed Michigan’s largest solar array atop the roof of the store in 2012.

Since its 1943 founding in Sweden, IKEA has offered home furnishings of good design and function at low prices so the majority of people can afford them. There are currently more than 350 IKEA stores in 44 countries, including 38 in the U.S. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information, see IKEA-USA.com, @IKEAUSANews, @DesignByIKEA or IKEAUSA on facebook, youtube, instagram and pinterest.

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Product recall: IKEA asks customers to bring children’s bed canopies back to any IKEA store for full refund

CONSHOHOCKEN, Pa., 2014-3-20 — /EPR Retail News/ — IKEA asks customers who have a bed canopy from children’s IKEA intended to be draped around children’s cribs/beds to stop using it and bring the canopy back to any IKEA store for a full refund.

The affected bed canopies are: LEGENDARISK, MINNEN bed Canopy set, BARNSLIG BOLL, MINNEN Brodyr, HIMMEL, FABLER, TISSLA and KLÄMMIG.

IKEA has identified a potential strangulation hazard associated with these products. No injury has been reported, but IKEA has received reports of entanglement when the fabric/net is pulled into the cribs/beds and entangled around infant’s necks.

LEGENDARISK has article number 600.506.81 and is a white canopy with golden crowns printed on the white fabric. MINNEN Bed Canopy Set has article number 900.877.58 and is a white canopy with golden swirl decorations printed on the edge of the fabric. BARNSLIG Boll has article number 201.078.30 and is a white canopy with a red pointed top. MINNEN Brodyr has article number 501.076.78 and is a white canopy with green leaf decorations sewn on the fabric. HIMMEL canopies come in four colors, all with pointed tops; HIMMEL Green has article number 701.376.41, HIMMEL White/Blue has article number 201.758.38, HIMMEL Blue has article number 901.376.40 and HIMMEL Pink has article number 101.376.39. FABLER has article number 201.308.78 and is a white canopy with the multicolored dots and upside-down triangles sewn on the fabric. TISSLA has article number 902.367.15 and is a light pink canopy with pink laces sewn on the fabric. KLÄMMIG has article number 928.165.95 and is a yellow canopy with the stand clamped to the frame of the crib.

If you have one of the affected bed canopies, please stop using it immediately and bring the canopy back to any IKEA store for a full refund.

For more information, please contact IKEA toll-free (888) 966-4532.

IKEA apologizes for any inconvenience this may cause.

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Product recall: IKEA asks customers to bring children’s bed canopies back to any IKEA store for full refund

Product recall: IKEA asks customers to bring children’s bed canopies back to any IKEA store for full refund

William Wolfe ICSC’s OAC Summit panelist: Now is a good time to sell assets

NEW YORK, 2014-3-20 — /EPR Retail News/ —Now is a good time to sell assets, said a panelist at ICSC’s OAC (Open-Air Center) Summit Thursday, in Washington. “If you have a desire or need to monetize your investment, this is a beautiful time to do it,” said the panelist, William Wolfe, president of First Washington Realty, based in Bethesda, Md. The company owns high-quality grocery anchored centers across the U.S. His firm might sell a handful of centers this year, he said. “This in an extraordinary time to take advantage of this market.”

And though interest rates went up last year (the 10-Year Treasury note bumped up from 1.65 percent to around 3 percent), and are expected to continue to do so, the impact on cap rates hasn’t been substantial, said panelist Jeffrey Dunne, a vice chairman at CBRE. In fact, cap rates are in a pretty good place right now for sellers. Class A centers in primary markets are seeing rates of between 4.75 percent and 5.75 percent, while assets in secondary markets are trading between 5.5 percent and 6.25 percent. “You clearly see cap rates going down, but at a lesser rate to last year,” Dunne said.

On the buyer side, for class A assets it continues to be traditional REITs and large institutions that want to hold onto their investments long term. The main players for B centers in secondary markets who are looking for a higher yield on their investments are non-traded REITs, explained panelist Sheridan Schechner, managing director and head of Americas real estate investment banking at Barclays Capital. He also said that CMBS funding will mostly take place for the higher-yield transactions and that he expects CMBS funding this year to increase to $125 billion from $90 billion in 2013.

Meanwhile, Schechner and Wolfe disagreed as to whether it is better to own a large portfolio versus a smaller group of assets. Schechner said that a bigger portfolio is more to the advantage of an owner because there is less volatility if a major tenant vacates several spaces. Wolfe disagreed, saying a small high-quality portfolio brings in higher rents and can more easily fill vacancies. “Bigger is never better,” Wolf remarked. “Better is better.”

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William Wolfe ICSC’s OAC Summit panelist: Now is a good time to sell assets

William Wolfe ICSC’s OAC Summit panelist: Now is a good time to sell assets

Albertsons Shopping Spree Race with NASCAR Driver Brian Scott on Thursday March 20, 2014

Rancho Cucamonga, California, 2014-3-20— /EPR Retail News/ — NASCAR Driver Brian Scott Gearing Up for Sweet Shopping Spree Race at Albertsons

Who:    

Brian Scott, Richard Childress Racing driver of the No. 2 Anderson’s Maple Syrup Chevrolet, is preparing to trade in his race car for an Albertsons grocery cart.

What:     

Traveling at lightning speed is no problem for this NASCAR Nationwide Series driver and Idaho native. The question is: can Scott maneuver a grocery cart with the same momentum? Andersons’s Maple Syrup Shopping Spree Grand Prize Winner, Denise Stepps, is counting on his speed and endurance to stay the course. Scott will be in the driver’s seat as she treks the store’s aisles and jams her cart with groceries in this two-minute opportunity. It’s all about strategy and Stepps is determined to move at full velocity.

When:             

Thursday, March 20, 2014
Race Time: 5:00 p.m. PST
Driver Autograph Session: 5:15 p.m.
Media Availability: 5:45 – 6:00 p.m.

Where:     

Rancho Cucamonga Albertsons/Sav-On Pharmacy – 8850 Foothill Blvd. at Vineyard, Rancho Cucamonga, Calif.

Media Notes:   

  • Brian Scott is in his second season with Richard Childress Racing and his fifth full-time NASCAR Nationwide Series season.
  • Anderson’s Maple Syrup is the primary sponsor on Brian Scott’s No. 2 Anderson’s Maple Syrup Chevrolet in Saturday’s Nationwide Auto Club 300.
  • Brian Scott will race in the Nationwide Series event at Auto Club Speedway on Saturday, March 22 and the NASCAR Sprint Cup Series Auto Club 400 on Sunday, March 23. 

 

Media Contacts:

To RSVP or request interviews with Scott, please contact:

Katey Hawbaker
Richard Childress Racing
khawbaker@rcrracing.com
(c) 704.577.3636

 

Lilia Rodriguez
External Communications/Public Affairs
Albertsons Southern California Division
Lilia.Rodriguez@albertsons.com
Cell: 714.306.5408