NGA President and CEO Peter J. Larkin outlined concerns with House Ways and Means Committee Chairman Dave Camp’s Tax Reform Proposal

Arlington, VA, 2014-3-25 — /EPR Retail News/ — On behalf of the National Grocers Association (NGA), Peter J. Larkin, NGA President and CEO sent a letter to House Ways and Means Committee Chairman Dave Camp (R-MI), outlining concerns with the his draft proposal to overhaul the nation’s tax code. Specifically, NGA addressed the negative impacts that the exclusion of non-manufacturing S-corporations from a lower corporate tax rate and the repeal of the Last In, First Out (LIFO) accounting method would have on independent grocers.

“NGA strongly supports comprehensive tax reform that provides relief for both C-Corporations and pass-through entities and maintains LIFO as an acceptable accounting practice,” Larkin said. “We have long advocated for a national tax structure that is fair, balanced, and equitable so grocers can continue to grow their businesses and create jobs. Unfortunately, the current draft proposal continues to pick winners and losers in the tax arena and provides little to no relief for many of our members. NGA remains committed to continuing to work with the Chairman and other members of the Committee on this important effort.”

Over half of NGA member companies operate as pass-through entities and 37 percent operate as a C-Corporation. Additionally, nearly 60 percent of NGA member companies use LIFO as an accounting practice that is important to their business.

Click here to read Larkin’s letter.

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Tesco successfully trialed its recyclable plastic packaging to save more than million eggs from going to waste each year

Cheshunt, England, 2014-3-25 — /EPR Retail News/ — Recyclable plastic packaging that will save more than a million eggs from going to waste each year has been successfully trialed by Tesco.

At the moment Tesco’s free range eggs are sold in pulp cartons and if an egg breaks in transit it can seep through the box and damage other packs beneath it.

But now the supermarket is trialing a recyclable plastic packaging made from recycled plastic drinks bottles. If an egg breaks then the seepage can be contained in one pack.

Over the last eight weeks Tesco has trialed the new 12 egg packaging in nearly 200 stores served by depots in the Livingston area in Scotland and in the Belfast area in Northern Ireland.

Tesco technologist Lee Gray said: “We know that plastic packs reduce food waste – now we have a pack that will reduce food waste and offer customers a more environmentally friendly packaging solution.

“If used across all our free range egg range then it will save on average more than one million eggs each year that would otherwise be going to waste.

“The results of the trial are very positive and we hope to be able to roll out the packaging by the end of the year.”

Other benefits are that the new cartons will take up less space during transportation as well as less shelf space in store and will also decrease CO2.

Tesco is working with a third party supply chain consultancy firm to measure this benefit.

Note to editors:

Tesco is committed to reducing food waste not only in its own operations but also through effective partnerships with its suppliers and by helping its customers.

For more information please contact the Tesco Press Office on
01992 644645

We are a team of over 530,000 people in 12 markets dedicated to bringing the best value, choice and service to our millions of customers each week. Our core purpose is ‘we make what matters better, together’.

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International Council of Shopping Centers and Goldman Sachs Weekly Chain Store Sales Index: Weekly sales slipped by 1.5% for the week ending March 22, 2014

NEW YORK, 2014-3-25 — /EPR Retail News/ — After three weekly sequential sales gains retailers experienced mixed results as retail demand varied across categories and overall was softer than the prior week.  For the week ending March 22, 2014 weekly sales slipped by 1.5%, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index. However, on a positive note, the year-over-year pace remained strong and rose by 1.7%.

“Sales on a year-over-year basis were a tad stronger though segment demand was mixed across retail categories,” said Michael Niemira, ICSC vice president of research and chief economist.  “According to the ICSC-GS consumers tracking survey dollar and electronics stores saw a strong improvement while discounters and apparel stores improved on a year-over-year basis. However, business was softer than the same week of the prior year for grocery, drug, department, furniture stores and wholesale clubs,”  Niemira added.

For March ICSC Research expects monthly comparable store sales will increase by about 3.0%.

Week Ending     Index 1977=100     Year/Year Change     Weekly Change
22-March-14             543.4                         1.7%                       -1.5%
15-March-14             551.4                         1.5%                        0.7%
08-March-14             547.4                          2.1%                       1.3%
01-March-14             540.5                          1.5%                       0.3%

[Editor’s notes: The complete report will be available at 7:45 a.m. at http://www.icsc.org/research/publications.  In addition, historical data from this index is available under the Research section on ICSC’s website.  To view the data, visit and click on the “Weekly Chain Sales Tracking” link and enter the following member id number (1177584) and password (press2002pass) to obtain access to report and historical data.

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

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

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

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ICSC Contacts:

Michael Niemira
+ 1 646-728-3472
mniemira@icsc.org

Jesse Tron
+ 1 646-728-3814
jtron@icsc.org

Malachy Kavanagh
+ 1 646-728-3495
mkavanagh@icsc.org

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

Brian D. Hancock apppointed Senior VP–Supply Chain at Family Dollar Stores

MATTHEWS, NC, 2014-3-25 — /EPR Retail News/ — Family Dollar Stores, Inc. (NYSE: FDO) today announced that it has named Brian D. Hancock to the position of Senior Vice President–Supply Chain. Mr. Hancock will report to Howard R. Levine, Chairman and CEO.

“Since we opened our first store in 1959, our focus has been on providing our customers with great value and convenience. In today’s competitive retail environment, building an efficient, end-to-end supply chain is critical to providing our customers with the compelling values they have come to rely on Family Dollar to deliver,” said Family Dollar Chairman and CEO, Howard R. Levine. “With Brian’s diverse and extensive background in merchandising, logistics and strategic planning, I know his expertise will help our team achieve our current and future growth initiatives.”

Prior to joining to Family Dollar, Mr. Hancock served as President-North American division for The Martin–Brower Company, L.L.C., the largest supplier of food and materials to McDonald’s restaurants worldwide, where he was responsible for all strategic and operational functions in North America. Previous to that, he served as Vice President-Global Supply Chain for Whirlpool, Inc. Mr. Hancock also held various positions with Schneider National, a privately held transportation and logistics leader. Mr. Hancock holds a master’s degree in business from Virginia Commonwealth University.

About Family Dollar
Beginning with one store in Charlotte, North Carolina, in 1959, the Company currently operates more than 8,100 stores in 46 states. Family Dollar Stores, Inc., a Fortune 300 company, is based in Matthews, North Carolina, just outside of Charlotte and is a publicly held company with common stock traded on the New York Stock Exchange under the symbol FDO. For more information, please visit www.familydollar.com.
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Media Contact:
Bryn Winburn
Family Dollar
704-708-1653
bwinburn@familydollar.com

Toys“R”Us CEO Antonio Urcelay and President Hank Mullany to hold special presentation for the investment community on March 26, 2014

WAYNE, NJ, 2014-3-25 — /EPR Retail News/ — Toys“R”Us, Inc. announced today that it will hold a special presentation for the investment community hosted by  Antonio Urcelay, Chairman of the Board and CEO, Toys“R”Us, Inc., and Hank Mullany, President, Toys“R”Us, U.S., to review the company’s fiscal 2013 performance and discuss its go-forward strategy.  The meeting will take place on Wednesday, March 26, 2014 at 1 p.m. ET, and lenders, investors and bona fide prospective investors are invited to tune into the presentation using the following dial-in information or webcast link:

(855) 876-5032
Conference ID # 17988694
http://engage.vevent.com/rt/toysrus~Analyst3.26.14

Presentation materials will also be available on the company’s corporate website at Toysrusinc.com.

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and juvenile products retailer, offering a differentiated shopping experience through its family of brands.  Merchandise is sold in 872 Toys“R”Us and Babies“R”Us stores in the United States and Puerto Rico, and in more than 700 international stores and over 180 licensed stores in 35 countries and jurisdictions.  In addition, it exclusively operates the legendary FAO Schwarz brand and sells extraordinary toys in the brand’s flagship store on Fifth Avenue in New York City.  With its strong portfolio of e-commerce sites including Toysrus.comBabiesrus.comeToys.com and FAO.com, it provides shoppers with a broad online selection of distinctive toy and baby products.  Headquartered in Wayne, NJ, Toys“R”Us, Inc. employs approximately 67,000 associates annually worldwide.  The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need.  Additional information about Toys“R”Us, Inc. can be found on Toysrusinc.com. Follow Toys“R”Us, Babies“R”Us and FAO Schwarz on Facebook at Facebook.com/ToysrusFacebook.com/Babiesrus and Facebook.com/FAO and on Twitter at Twitter.com/Toysrusand Twitter.com/Babiesrus.

For more information please contact:

Lenders and Note Investors:
Adil Mistry, Senior Vice President, Treasurer and Investor Relations at 973-617-5841 or Adil.Mistry@toysrus.com

Media:
Kathleen Waugh, Vice President, Corporate Communications at 973-617-5888, 646-366-8823 or waughk@toysrus.com

Wegmans Food Markets announced leadership team for its second store in Massachusetts at Route 9 in Chestnut Hill

NEWTON, MA, 2014-3-25 — /EPR Retail News/ — Wegmans Food Markets today announced the leadership team responsible for opening and managing the second Wegmans store in Massachusetts located on Route 9 in Chestnut Hill. The team consists of the store manager, chef, pharmacy manager, and area managers, who each oversee multiple departments in the store. The team has a combined total of approximately 77 years experience as part of the Wegmans family.

“The Chestnut Hill store’s leadership team is one that we are confident will deliver incredible customer service to the people of Greater Boston who choose to shop with us once our store opens on April 27,” said Marybeth Stewart, Human Resources Manager of Wegmans’ New England Division. “Anyone interested in learning more about how they can begin a career at Wegmans should visit www.wegmans.com/careers for more information.”

Rich Boscia, Store Manager
Boscia, a Grafton resident, joined the Wegmans family in 2001 as the merchandising area manager for a new Wegmans store in New Jersey. He was later promoted to perishable area manager, overseeing fresh food departments, and he held that position in two New Jersey stores. Boscia moved to Massachusetts in 2009 to help open Wegmans’ first Massachusetts location in Northborough later that year. He held the position of perishable area manager in Northborough, and in 2012, he was named Chestnut Hill store manager. In that role, Boscia’s primary responsibility will be to ensure the success and happiness of his employees. He will also oversee the productivity of each of the store’s departments.

Kari Naegler, Store Chef
Naegler, who resides in Dorchester, started her career with Wegmans in 2009 at a Pittsford New York store, the hub of Wegmans’ research and development, as a team leader in Prepared Foods. Since then, she has helped to develop the Hot Veggie Bar program and created the first Veggie Market in the company. Shortly thereafter she became the opening Sous Chef for the Northborough Store, and is now the Store Chef of the Chestnut Hill location. She will oversee all of Prepared Foods which includes sushi, food bars, pizza, sandwich shop, coffee and culinary development.

Todd Drickel, Perishable Area Manager
Drickel has been employed by Wegmans since 1992 and has held the various positions of front end manager, produce manager, pharmacy manager and service manager. As the perishable area manager for Chestnut Hill, Drickel will oversee product quality, sales, merchandising, employee growth, development and performance, while ensuring the perishable departments (bakery, seafood, meat, cheese, etc.) and the store as a whole operate efficiently and profitably. Drickel, who resides in Milford, will fulfill customer needs by ensuring that the finest perishable products are available and that Wegmans is always helping customers make great meals easy.

Jeff Kuczynski, Service Area Manager
Kuczynski joined the Wegmans family in 1997 and since then has held a variety of positions, including frozen foods team leader, front end manager and seafood manager. In Kuczynski’s role as the service area manager, he will be tasked with overseeing all service departments (front end, service desk, maintenance, etc.) and developing a team of employees to be ambassadors of incredible service. The service area manager also oversees all community partnerships. Kuczynski resides in Framingham.

Ed Swantek, Merchandising Area Manager
In 1996, Swantek began his journey at Wegmans, working his way up from management intern, to seafood manager, to bakery manager. Now a Marlborough resident and merchandising area manager for Chestnut Hill, Swantek will oversee all merchandising departments, including grocery, general merchandise, liquor, etc., and will partner with the other areas of the store to ensure products are well-merchandised and available for customers.

Robert Goris-Kolb, Pharmacy Area Manager
Robert Goris-Kolb, PharmD, MBA graduated from the University at Buffalo, The State University of New York and joined the Chestnut Hill team in 2012. As pharmacy manager, Goris-Kolb will oversee all aspects of the pharmacy department to ensure customers are being provided with the service and offerings they need to live a healthy life. Such services include health and wellness consultations, auto-refill, immunizations and competitively low prices on select generic prescriptions. Goris-Kolb lives in Boston.

The Chestnut Hill Wegmans is an approximately 80,000 square-foot supermarket that includes a second-level 10,500 square-foot shop offering a variety of wine, beer and spirits. Wegmans Chestnut Hill will celebrate its grand opening on Sunday, April 27 and will open its wine, beer and spirits shop to the public on Saturday, March 29. Today the store launched www.wegmans.com/chestnuthill which will have store details, including hours and directions as well as blog posts by the leadership team.

##

Wegmans Food Markets, Inc. is an 83-store supermarket chain with stores in New York, Pennsylvania, New Jersey, Virginia, Maryland, and Massachusetts.  The family-owned company, founded in 1916, is recognized as an industry leader and innovator. Wegmans has been named one of the ‘100 Best Companies to Work For’ by FORTUNE magazine for 16 consecutive years. In 2013, Wegmans ranked #5 on the list.

Contact Information:  

Jo Natale, Wegmans Director of Media Relations, 585-429-3627
Stacy Clougherty, RF|Binder for Wegmans, 781-559-0427

Kingfisher reports full year adjusted pre-tax profits up 4.1% to £744 million

London, 2014-3-25 — /EPR Retail News/ — Full year dividend up 5% and announcing a multi-year capital return programme in 2014/15.

Group Financial Summary

% Total Change % Total Change % LFL* Change
  2013/14 2012/13 Reported Constant currency 52 week basis Constant currency
Sales* £11,125m £10,573m +5.2% +3.5%(1) +0.7%
Retail profit*(2) £805m £778m +3.5% +0.7%(1)
Adjusted* pre-tax profit £744m £715m +4.1%
Adjusted basic EPS 23.4p 22.3p +4.9%
Interim dividend 3.12p 3.09p +1.0%
Final dividend 6.78p 6.37p +6.4%
Full year dividend 9.9p 9.46p +4.7%
Net cash* £238m £38m n/a

* Throughout this release ‘*’ indicates first instance of a term defined or explained in the glossary in Section 5 of this release.

(1) On a 52 week basis*
(2) 2012/13 comparatives restated by £3m in the UK & Ireland division to reflect reclassification of pension administrative expenses from finance costs to retail profit, as per the amended IAS 19

2013/14 Highlights

  • Good progress in tough environment
    • Extremely challenging Q1, remainder of year more encouraging, except for persistent weak economic backdrop in France*
    • Reported adjusted PBT up 4.1% and stronger underlying progress
      • Market share growth in France, UK and Poland
      • Grown Economic Profit (KEP*) to £74m
      • Strong free cash flow* generation of £559m after capital expenditure
  • Exceptional accounting gain of £131m principally relating to the successful resolution of the Kesa demerger French tax case
  • ‘Creating the Leader’ programme continues to progress, on-going self-help initiatives supporting short-term performance whilst positioning the business for future growth
  • B&Q UK & Ireland’s accelerated evolution now underway, led by strengthened team

2014/15 New Developments

  • A multi-year programme of additional capital returns to shareholders, starting with around £200m during the financial year 2014/15
  • Two new country entries planned. Two Brico Dépôt stores to open in Portugal and four Screwfix outlets to open in Germany with full next day national delivery
    • Combined investment impact on 2014/15 profit will be a net charge of around £10m
  • Disposal agreed on 24 March 2014 of the entire 21.2% stake in Hornbach for approximately £195m following a review of this strategic investment
  • Intention to look for a strategic partner for B&Q China (to replicate the successful partner approach in Turkey)

Statutory reporting

2013/14 2012/13 Reported Change
Note: A reconciliation to adjusted measures above is set out in the Financial Review (Section 4).
Profit before taxation £759m £691m +9.8%
Profit for the year £710m £564m +25.9%
Basic EPS 30.0p 24.1p +24.5%

Kingfisher’s Group Chief Executive, Sir Ian Cheshire, said;

“We finish a challenging year in good shape, with our self-help programme meaning we have grown profit and economic return, improved our balance sheet strength whilst also investing in lower prices for our customers and improved convenience. The economic backdrop was generally soft across Europe for much of the year, particularly in France, our most significant market.

“Looking ahead we are well placed to benefit from a pick-up in consumer spending as Europe’s economies return to growth. Our prospects remain bright, giving us confidence to invest in the business and actively manage our portfolio, including expanding into new markets, whilst also commencing a programme of returning surplus capital to our shareholders, alongside the healthy annual dividend.”

Enquiries:
Ian Harding, Group Communications Director
020 7644 1029

Sarah Levy, Head of Investor Relations
020 7644 1032

Nigel Cope, Head of Media Relations
020 7644 1030

Matt Duffy, Investor Relations Manager
020 7644 1082

Clare Feast, Media Relations Manager
020 7644 1286

Brunswick
020 7404 5959

Further copies of this announcement can be downloaded from www.kingfisher.com or viewed on the Kingfisher IR iPad App available for free at the Apple App store. Video interviews with Sir Ian Cheshire (Group Chief Executive) and Karen Witts (Group Finance Director) are also available on the website and we can be followed on twitter@kingfisherplc.

Kingfisher American Depository Receipts are traded in the US on the OTCQX platform: (OTCQX: KGFHY) http://www.otcmarkets.com/stock/KGFHY/quote

Company Profile
Kingfisher plc is Europe’s leading home improvement retail group and the third largest in the world, with 1,124 stores in nine countries in Europe and Asia. Its main retail brands are B&Q, Castorama, Brico Dépôt and Screwfix. Kingfisher also operates the Koçtaş brand, a 50% joint venture in Turkey with the Koç Group.

The remainder of this release is broken down into five main sections:

  1. Creating the Leader’ update
  2. Trading review by major geography
  3. 2013/14 Summary data by geography
  4. Financial Review and, in part 2 of this release, the preliminary Financial Statements
  5. Glossary

IKEA US awarded its current supplier Sauder Woodworking Co. another 5 year contract

IKEA Awards Current Supplier Sauder Woodworking Co. A Five Year Contract Creating at Least 150 New Jobs

Conshohocken, PA, 2014-3-25 — /EPR Retail News/ — IKEA US announced today that it has recently awarded its current supplier, Sauder Woodworking Co. of Archbold, Ohio, a 5 year contract. The partnership will create at least 150 new jobs and involve an equipment investment of over $13 million by Sauder.

Sauder Woodworking Co., North America’s leading manufacturer of ready-to-assemble (RTA) furniture, has been a supplier to IKEA US since 2007. Currently Sauder manufactures kitchen cabinets for IKEA US. Under the terms of the new contract, Sauder will be producing four furniture families for IKEA US including bedroom furniture, office, entertainment and children’s storage furniture.

“We have been successfully supplying IKEA its AKURUM kitchen cabinets for the last seven years, so when IKEA was looking for North American partners to help them sustainably supply their North American stores with quality furniture, they looked to Sauder,” Kevin Sauder, President/CEO of Sauder, said. “Our teams have worked together closely to provide a great value to the consumer.”

“IKEA strives for long-term partnerships with suppliers to secure efficient production and growth. The relationship between IKEA US and Sauder Woodworking is a good example of that,” said Rob Olson, Chief Financial Officer, IKEA US. “With our planned growth in the US, we are looking to expand our manufacturing base here, so that we can deliver our products economically and sustainably.”

The expansion of the IKEA and Sauder relationship is a business decision that also has environmental benefits. By increasing US sourcing, IKEA is able to shorten transport distance between the manufacturing site and stores, thereby reducing carbon emissions.

IKEA is planning to grow its US presence and will open three new stores in 2014 and 2015; Miami, Florida, Merriam, Kansas and St. Louis, Missouri. In 2013, 25 US suppliers, including the IKEA Industry factory in Danville, Virginia, supplied approximately 19% of the cubic meter volume sold in IKEA US stores. Supply from North America (US, Canada and Mexico) equals approximately 31% of the cubic meter volume sold in US stores. Products currently produced in the United States include kitchen cabinets, mattresses, sofas, entertainment furniture, shelving units and appliances.

To learn more about the IKEA Sauder partnership, see the video

IKEA Contact: Mona Astra Liss ~ IKEA US Corporate PR Director
Mona.Liss@IKEA.com ~ 610.834.0180, ext. 5852

Sauder Contact: Kevin J. Sauder, President CEO ~ Sauder Woodworking Co.KSauder@sauder.com ~ 419.446.3137

About IKEA
The IKEA vision is to create a better everyday life for the many people. Our business idea supports this vision by offering a wide range of well-designed, functional home furnishing products at 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 US. In FY 13, the IKEA Group had 135,000 co-workers, 684 million visitors to the stores and 1.3 billion visitors to IKEA.com. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information, see IKEA-USA.com, facebook.com/IKEAUSA, @IKEAUSANews, @DesignByIKEA, http://pinterest.com/IKEAUSA/, www.youtube.com/IKEAUSA, www.theshare-space.com, www.theshare-space.com/en/Blog

About Sauder
Headquartered in Archbold, Ohio, Sauder Woodworking Co. is the nation’s sixth largest residential furniture manufacturer. Sauder subsidiaries include Progressive Furniture Inc., a designer and importer of traditional solid wood, veneered and laminate furniture; and Sauder Manufacturing Company, a leader in church, educational, and health care seating. For more information about Sauder, visit www.sauder.com.

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Ethisphere Institute recognises H&M as 2014 World’s Most Ethical Company® for the fourth time

On March 20 the Ethisphere Institute, an independent center of research promoting best practices in corporate ethics and governance, recognised H&M as a 2014 World’s Most Ethical Company®.

Stockholm, Sweden, 2014-3-25 — /EPR Retail News/ — This is the fourth time that H&M has been honored with this award, which recognises organisations that continue to raise the bar on ethical leadership and corporate behavior. World’s Most Ethical Company honorees understand the correlation between ethics, reputation and daily interactions with their brand and that the award belongs as much to their associates as it does to them. H&M is one of only three companies in the Apparel industry honored this year.

“The entire community of World’s Most Ethical Companies believe that customers, employees, investors and regulators place a high premium on trust and that ethics and good governance are key in earning it,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “H&M joins an exclusive community committed to driving performance through leading business practices. We congratulate everyone at H&M for this extraordinary achievement.”

We are very proud to be named as one of the world’s most ethical companies this year again. It is a great recognition of H&M’s strong ethical approach,” says Karl-Johan Persson, CEO at H&M.

The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ framework. Scores are generated in five key categories: ethics and compliance program (25%), reputation, leadership and innovation (20%), governance (10%), corporate citizenship and responsibility (25%) and culture of ethics (20%).

The Ethics Quotient framework and methodology was determined, vetted and refined by the expert advice and insights gleaned from Ethisphere’s network of thought leaders and from the World’s Most Ethical Company Methodology Advisory Panel.

The full list of the 2014 World’s Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/.

For more information please contact:

Media relations
Telephone: +46 8 796 53 00
Mail: mediarelations@hm.com

Mariano’s Ukrainian Village Opens at 2021 West Chicago Avenue

Ukrainian Village Store to Promote Healthy Living with Fresh, Local and Organic Foods

Milwaukee, Wis., 2014-3-25 — /EPR Retail News/ — Roundy’s, Inc. (“Roundy’s”) (NYSE: RNDY), a leading grocer in the Midwest, will open its doors to Mariano’s Ukrainian Village tomorrow on Tues., March 25, at 6 a.m. Mariano’s latest store is located at 2021 West Chicago Avenue.

“We are excited to continue growing our banner in Chicago, bringing the City access to jobs and food choices for healthy living,” said Roundy’s Chairman and CEO Bob Mariano. “Mariano’s Ukrainian Village will offer all the amenities associated with our unique grocery experience, including world-class service from our friendly and attentive team members when Mariano’s doors open.”

This morning, Mayor Rahm Emanuel and other city officials joined community members at Mariano’s Ukrainian Village for a ribbon-cutting event to mark the occasion.

“Mariano’s is a great partner and a big part of the Chicago family,” said Mayor Rahm Emanuel. “This new store in the Ukrainian Village will create 350 new jobs, provide an important economic anchor for the community, and give residents more healthy food options. Mariano’s greatly contributes to the City’s public investments, adding to the vibrancy of our neighborhoods.”

Ukrainian Village is the fourth Mariano’s store to open following Roundy’s acquisition of 11 Dominick’s locations in December 2013. This opening will bring the total of Mariano’s stores to 18 across the greater Chicagoland area, which have created more than 7,100 jobs. By the end of 2014, Mariano’s will have created more than 10,000 jobs at 29 stores in the Chicagoland market in four short years.

Beginning on opening day, Mariano’s Ukrainian Village will offer:

  • Squeez’d – our smoothie bar that features a variety of made-to-order nutritional fruit and vegetable smoothies
  • Spice Shop – a baker’s dream with bulk spices, nuts grains and granolas to choose from
  • Partnerships with local and regional purveyors, manufacturers and restaurants to bring the best Chicagoland has to offer into one convenient location
  • A grill station available for meat and seafood selections prepared on site – no extra charge!

Additional details on this event, as well as other grand-opening week activities, can be found on Mariano’s FacebookTwitter, and website, www.marianos.com.

Mariano’s Ukrainian Village will be open seven days a week from 6 a.m. to 10 p.m. The pharmacy will be open Monday through Friday, 8:00 a.m. – 10:00 p.m. and Saturday and Sunday 9 a.m. to 5 p.m.

About Roundy’s 
Roundy’s is a leading grocer in the Midwest with nearly $4.0 billion in sales and more than 21,000 employees. Founded in Milwaukee in 1872, Roundy’s operates 166 retail grocery stores and 113 pharmacies under the Pick ’n Save, Rainbow, Copps, Metro Market and Mariano’s retail banners in Wisconsin, Minnesota and Illinois. Roundy’s is committed to helping the communities its stores serve through the Roundy’s Foundation. Chartered in 2003, the Roundy’s Foundation mission is to support organizations working to relieve hunger and helping families in crisis due to domestic abuse, neglect and other at-risk situations.

Media Contact:
James Hyland, VP Investor Relations & Corporate Communications
414-231-5811
james.hyland@roundys.com

Marketing Contact:
Dana Schueller, Director, Senior Marketing Leader Mariano’s
414-758-9944
dana.schueller@roundys.com