Kimco Realty Corp acquired 24-property retail portfolio in New England for $270M, including assumption of $120.5M mortgage debt

Company significantly expands in the Boston metropolitan market

NEW HYDE PARK, N.Y., 2014-5-1 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM), North America’s largest publicly traded owner and operator of neighborhood and community shopping centers, today announced that it has completed the purchase of a 24-property retail portfolio in New England for $270 million, including the assumption of $120.5 million of mortgage debt. The purchase is part of the company’s strategy to transform its portfolio through the acquisition of high-quality centers in key territories with strong demographics and growth potential, and to create value through select asset redevelopment and repositioning.

The 1.4-million-square-foot, 96-percent-occupied portfolio includes 17 shopping centers in the Boston metropolitan area, marking a significant expansion for the company in this desirable retail market with attractive infill locations and a large consumer base. Several centers have more than 200,000 local residents within a three-mile radius, including those strategically located near Boston College, Boston University, Harvard and MIT. The portfolio also includes four other Massachusetts shopping centers, three of which are near Cape Cod, two grocery-anchored centers in northern New Jersey near New York City, and one Wal-Mart-anchored center in Danbury, Connecticut.

The tenant mix in the newly acquired portfolio is aligned with Kimco’s focus on grocery, necessity-based and discount retailers. The centers are anchored by investment-grade chains such as Whole Foods, Trader Joe’s, Lowe’s, CVS and Walgreens, with anchor tenants comprising 81 percent of the portfolio’s base rent. The average population within a three-mile radius of these assets is over 25 percent higher than that of Kimco’s collective retail portfolio, leading to strong sales volumes.

With average rents in the portfolio significantly below market, Kimco sees the potential for substantial income growth over the next 10 years through in-place rent increases and lease roll-over.

Furthermore, the well-located, mature assets in the portfolio offer a multitude of opportunities for redevelopment, repositioning and re-tenanting over the mid- to long-term, with several sites containing undeveloped outparcels that make expansion an appealing possibility.

About Kimco
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, New York, that owns and operates North America’s largest publicly traded portfolio of neighborhood and community shopping centers. As of December 31, 2013, the company owned interests in 852 shopping centers comprising 125 million square feet of leasable space across 44 states, Puerto Rico, Canada, Mexico and South America. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

CONTACT:
David F. Bujnicki
Vice President, Investor Relations and Corporate Communications
Kimco Realty Corp.
1-866-831-4297
dbujnicki@kimcorealty.com

Babies“R”Us® to serve as the go-to retail destination for the must-have registry products honored with WHAT TO EXPECT® Awards

National In-Store Raffle Event and Online Promotions Planned to Celebrate Award-Winning Baby Registry Products, Offering More Than $300,000 in Prizes

NEW YORK, NY, 2014-5-1 — /EPR Retail News/ — WhatToExpect.com, the official online home for Heidi Murkoff’s world-renowned pregnancy and parenting brand, today announced that Babies“R”Us®, the nation’s leading dedicated baby products authority, will serve as the go-to retail destination for the must-have registry products honored with its What To Expect Awards. The collection of nearly 50 award-winning products in categories such as nurserycar seatsstrollers,feeding and safety were selected as the best-of-the-best by moms visiting WhatToExpect.com. Now, parents and gift-givers shopping Babies“R”Us stores and Babiesrus.com can register and shop with ease and confidence, as these distinguished products can be effortlessly identified by the prestigious What to Expect “Moms’ Love-It”and “Editors’ Picks” logos. To celebrate the program and partnership, on Saturday, May 3, Babies“R”Us stores nationwide will host an event, where attendees can enter a raffle, totaling more than $300,000 in prizes. In advance of the event, to further engage expectant parents in a conversation about preparing for baby, Heidi Murkoff will host a Twitter Chat on May 1 using the hashtag, #WTEAwardsParty.

Simplifying the Registry Process with Trusted, Peer Recommendations

WhatToExpect.com branding and content can be found at Babies“R”Us Baby Registry counters in-store, as well as atBabiesrus.com/MomsLoveIt. Plus, to make it easier for parents to identify trusted products when shopping or adding items to their baby registry, the What To Expect Awards seal, which symbolizes the voice and endorsement from millions of moms, is now visible on shelf call-outs in stores and on individual online product pages for items that have received this distinction. What To Expect Moms Love-It Award winning products were crowd-sourced through WhatToExpect.com’s “Love-It List” tool, which helps new parents curate a list of their favorite baby products in a visual format. Parents can then easily turn that list into a baby registry at Babies“R”Us. Several notable products that offer unique solutionswere also specially selected by moms and editors to win What To Expect Editors’ Picks Awards.

In-Store and Online Events Planned to Build Awareness and Fan Excitement

On Saturday, May 3 from 10am to 12 noon, Babies“R”Us stores nationwide will welcome new, expectant and experienced parents to attend a special raffle event, where they can find out more about these fan-favorite products and have the chance to win one of many great prizes. More than a dozen products will be up for the winning at each store, including Chicco’s NextFit Convertible Car Seat ($299.99 value), Baby Trend Snap N Go EX Universal Infant Car Seat Stroller ($74.99 value), PROTECT Auto Close Metal Gate by Munchkin ($59 value), and HUGGIES Newborn Starter Kit ($32.49 value), as well as items from Johnson’s Baby, Playtex and more. An estimated 7,500 people will take home a What To Expect Award-winning raffle prize.

Additionally, in advance of the in-store event, Heidi Murkoff, author and creator of WhatToExpect.com, will host a Twitter Chat on Thursday, May 1, 2014 at 2pm-3pm ET/11am-12pm PT at Twitter.com/WhatToExpect, during which Heidi (@HeidiMurkoff) will answer parents’ questions about pregnancy, registering and preparing for baby. Twitter Chat participants using the hashtag, #WTEAwardsParty, will also have the chance to learn more about the What to Expect Awards and win products honored with those awards, such as the Crane Ultrasonic Cool Mist Humidifier (Owl), the Britax B-Safe 30 Infant Car Seat, the Badger Basket Elegance Round White Bassinet, the Fisher-Price Newborn Rock ‘n Play Sleeper and the Fisher-Price Rainforest Melodies & Lights Deluxe Gym.

“We are thrilled to showcase the What To Expect Award-winning products in our stores as they help parents navigate the best, and most trusted, products for must-have baby registry categories,” said Tom Via, Senior Vice President, Babies“R”Us, U.S. “What To Expect is an iconic pregnancy and parenting brand, and we have truly enjoyed working with WhatToExpect.com to make the baby registry process even easier for moms online, and now at the point-of-purchase as well.”

“Getting ready for a baby is exciting, but also overwhelming,” explained Heidi Murkoff. “These mom-tested products mean new parents can spend less time stressing, and more time loving on their little ones…which is what makes having a baby priceless!”

The popular online destination for today’s pregnant women and parents, What To Expect, announced the winners of their inaugural awards in February of this year. To view the complete list of What To Expect Award winners, please visit WhatToExpect.com/2014Winners or Babiesus.com/momsloveit.

About WhatToExpect.com
WhatToExpect.com is the online home to Heidi Murkoff’s globally recognized parenting and pregnancy brand,WhatToExpect.com®. Offering original content and innovative tools for pregnancy and parenting every step of the way, the digital reach is 8.5 million women monthly through desktop and mobile, with a community activity every 1.5 seconds (source: Omniture). Heidi Murkoff, author of the bestselling WhatToExpect.com® series of pregnancy and parenting books, has helped guide more than 40 million families worldwide from conception through the toddler years and beyond. According to USA Today, this parenting book, known as the “Bible” to moms across the world, is bought by 93 percent of all expecting mothers who buy a guide.

About Toys“R”Us, Inc. 
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 873 Toys“R”Us and Babies“R”Us stores in the United States and Puerto Rico, and in more than 715 international stores and over 180 licensed stores in 35 countries and jurisdictions. In addition, it exclusively operates the legendary FAO Schwarz brand and sells extraordinary toys in the brand’s flagship store on Fifth Avenue in New York City. With its strong portfolio of e-commerce sites including 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 70,000 associates annually worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Additional information about Toys“R”Us, Inc. can be found on 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.

200 retailers, wholesalers, and food industry state association executives convened in Washington, DC for the annual “Day in Washington” Supermarket Industry fly-in

Healthcare, Chain Restaurant Menu Labeling, Data Security, and Tax Reform Top Industry Agenda 

WASHINGTON, D.C., 2014-5-1 — /EPR Retail News/ — Over 200 grocery retailers, wholesalers, and food industry state association executives from across the nation convened in Washington, DC today for the annual “Day in Washington” Supermarket Industry fly-in. Members of the National Grocers Association (NGA), Food Marketing Institute (FMI), and the Food Industry Association Executives (FIAE) will participate in over 210 meetings with their elected officials and key Congressional staff to advocate on legislative issues such as healthcare, tax reform, chain restaurant menu labeling, and data security during this two-day event, held Wednesday, April 30 and Thursday, May 1.

On top of many fly-in attendees’ agenda is the definition of a full-time employee, which is set at only 30 hours average per week per month, under the Affordable Care Act (ACA). The supermarket industry has been steadfast in seeking flexibility and ways to minimize new burdens under the ACA in order for food retailers and wholesalers to continue providing quality health coverage that is affordable to both the employee and the employer.

While the Administration has taken steps to provide some flexibility within the regulatory process, there are several outstanding concerns with the law itself that are impacting how grocers manage their workforce, adjust work schedules and offer employee benefits well beyond health care. Both FMI and NGA advocated in support of the Save American Workers Act (H.R. 2575), which passed the U.S. House earlier this month.

“The supermarket industry plays a critical role in our nation’s economic growth; creating jobs and paying billions in tax revenue,” said Peter J. Larkin, President and CEO, NGA. “It is increasingly important that policymakers in Washington hear first-hand from grocery executives about how legislation and regulations directly impact the supermarket industry, their employees, and ultimately, the consumers they serve.”

“Supermarkets are the place where the real-life economic, social and health concerns of the American public become manifest,” said Leslie G. Sarasin, President and CEO of the Food Marketing Institute. “With such a close working relationship with their customers, this makes food retailers the voice our legislators need most to hear to help heal the existing disconnect between Washington, D.C. and the citizens they represent.”

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The Food Industry Association Executives [FIAE] is a national professional association representing local, state and regional food association executives since 1927, who in turn represent over 95 percent of the grocery retail industry. FIAE’s mission is to provide a forum for professional growth of the members’ employees and to serve as a vehicle for the interchange of ideas and advancement of the food industry agenda.

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Food Marketing Institute proudly advocates on behalf of the food retail industry. FMI’s U.S. members operate nearly 40,000 retail food stores and 25,000 pharmacies, representing a combined annual sales volume of almost $770 billion. Through programs in public affairs, food safety, research, education and industry relations, FMI offers resources and provides valuable benefits to more than 1,225 food retail and wholesale member companies in the United States and around the world. FMI membership covers the spectrum of diverse venues where food is sold, including single owner grocery stores, large multi-store supermarket chains and mixed retail stores. For more information, visit www.fmi.org and for information regarding the FMI foundation, visit www.fmifoundation.org. – See more at: http://www.fmi.org/about-us#sthash.bdmCXL1i.dpuf

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The National Grocers Association (NGA) is the national trade association representing the retail and wholesale grocers that comprise the independent sector of the food distribution industry. An independent retailer is a privately owned or controlled food retail company operating a variety of formats. The independent grocery sector is accountable for close to one percent of the nation’s overall economy and is responsible for generating $131 billion in sales, 944,000 jobs, $30 billion in wages, and $27 billion in taxes. NGA members include retail and wholesale grocers, state grocers associations, as well as manufacturers and service suppliers.  For more information about NGA, visit www.nationalgrocers.org

If you need additional information, please contact Laura Strange at 703-516-0700.

Wisconsin Grocers Association President Brandon Scholz presented with National Grocers Association (NGA) Association Leadership Award

Arlington, VA, 2014-5-1 — /EPR Retail News/ — Brandon Scholz, President and CEO of the Wisconsin Grocers Association (WGA) was presented the National Grocers Association (NGA) Association Leadership Award for his dedication and contributions to the independent supermarket industry.

Throughout his career, Scholz has been a steadfast industry leader, steering many successful state and federal legislative efforts on a number of critical issues that have greatly benefited the grocery industry in both Wisconsin and the nation.

“It’s an honor to recognize Brandon for his outstanding leadership and resilient commitment to the independent grocery sector, not only in the state of Wisconsin, but for the industry as a whole. His participation and involvement in various educational and advocacy programs and industry events have raised the visibility of the independent grocer.  He is held in the highest regard by the industry, his members, and elected officials throughout the state of Wisconsin,” said Peter J. Larkin, President and CEO of NGA.

Prior to joining WGA, Scholz led a 15-year career on the local, state, and national political levels, serving as the Chief of Staff to Congressman Scott Klug (R-WI-2), and other various political appointments under Wisconsin Governor Tommy Thompson.  Scholz recently served on both the NGA Board of Directors and the Food Industry Association Executives Board of Directors, and currently serves on the Advisory Board of WisPolitics.Com.

Past recipients of this special recognition include Jan Gee, President and CEO of the Washington Food Industry Association, Kathy Siefken, Executive Director of the Nebraska Grocery Industry Association, Jim Olsen, President of the Food Industry Association Executives (FIAE), Dan Shaul, State Director of the Missouri Grocers Association, Jim Rogers, retired President and CEO of the Food Industry Alliance of New York, Pat Hicks, retired Executive Director Kentucky Grocers Association, and Jerry Fleagle, former President and CEO Iowa Grocery Industry Association.

If you need additional information, please contact Laura Strange at 703-516-0700.

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Wisconsin Grocers Association President Brandon Scholz presented with National Grocers Association (NGA) Association Leadership Award

Wisconsin Grocers Association President Brandon Scholz presented with National Grocers Association (NGA) Association Leadership Award

Rite Aid to serve as platinum sponsor of the Entertainment Industry Foundation’s Revlon Run/Walk For Women events in May

  • NYC and LA Events Benefit Women’s Cancer Research, Counseling and Outreach Programs
  • Winning Nail Enamels from Revlon’s “Your Story, Your Shade” Contest Available Exclusively at Rite Aid

CAMP HILL, Pa., 2014-5-1 — /EPR Retail News/ — For the second straight year, Rite Aid will proudly serve as a platinum sponsor of the Entertainment Industry Foundation’s Revlon Run/Walk For Women events, which take place in New York and Los Angeles. This year, the New York event will take place in Times Square and Central Park on Saturday, May 3, and in Los Angeles Memorial Coliseum at Exposition Park on Saturday, May 10.  Since its inception in 1994, the EIF Revlon Run/Walk for Women has raised and distributed more than $70 million to support pioneering research, deliver diagnostic treatment services for medically underserved women and provide support services to women facing cancer.

Before both events, Denise Austin, celebrity fitness expert and longtime friend of Rite Aid, will lead runners and walkers in warm-up stretches.

“It is such an honor to once again be part of the EIF’s Revlon Run/Walk for Women,” said fitness expert Denise Austin. “This year, I’m here in support of my 32-year-old niece, Annie Arensdorf, who is fighting cancer herself. So many women like her are fighting or have fought cancer and they are the reason why it’s so important for us to do all that we can in the fight against women’s cancers.”

During the month of October, Revlon held its “Your Story, Your Shade” contest on Rite Aid’s Facebook page. Named by Jill Madura, “Diamond Dee” is an iridescent pink shade. Madura drew inspiration from her mother’s brave battle with stage 4 breast cancer. As the grand prize winner, Madura has received an all-expenses paid trip to New York City to attend the Revlon Run/Walk. Deborah Battle was named the contest’s runner-up, giving a vibrant pink shade the name “Pretty in Strength.” The name, according to Battle, was inspired by a coworker and best friend who has shown the true meaning of what strength is as she is now battling breast cancer for a second time in five years. Both Diamond Dee and Pretty in Strength are available exclusively at Rite Aid’s 4,600 locations nationwide.

Participants can look for brochures at select local Rite Aid stores in both cities to sign up for either event. Rite Aid customers can also save $5 on the registration fee using the discount code “Rite Aid” online at www.RevlonRunWalk.org.

To encourage runners and walkers to pick up registration packets early for the Los Angeles event, the Rite Aid store located at 1331 Wilshire Blvd. in Santa Monica is serving as an official Run/Walk packet pickup location. On Saturday, May 3, from 2-6 p.m., visitors are able to pick up their official T-shirts, grab beauty gift bags, and get free mini-manicures using the winning Revlon nail enamels, Diamond Dee and Pretty in Strength.

Rite Aid is encouraging participants to share their Revlon Run/Walk experience socially for their chance to win a $50 Rite Aid gift card. To enter, just tweet your #RevlonRunWalk photo to @RiteAid from either the New York or Los Angeles event, where one winner will be chosen from each market.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2014 annual revenues of $25.5 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

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Contact:

Media: Kristin Kellum 717-975-5713

Rite Aid Corporation announced sales results for April 2014

CAMP HILL, Pa., 2014-5-1 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD) today announced sales results for April.

Monthly Sales

For the four weeks ended April 26, 2014, same store sales increased 5.0 percent over the prior-year period. April front-end same store sales increased 4.7 percent, with 4.6 percent of the increase attributable to a shift in the timing of Easter, which fell on April 20 this year compared to March 31 last year. Pharmacy same store sales, which included an approximate 138 basis points negative impact from new generic introductions, increased 5.2 percent. Prescription count at comparable stores increased 2.3 percent over the prior-year period.

Total drugstore sales for the four-week period increased 4.9 percent to $1.995 billion compared to$1.902 billion for the same period last year. Prescription sales accounted for 67.9 percent of drugstore sales, and third party prescription sales represented 97.4 percent of pharmacy sales.

Year-to-Date

Same store sales for the eight-week period ended April 26, 2014 increased 2.9 percent over the prior-year period. Front-end same store sales decreased 0.2 percent while pharmacy same store sales increased 4.3 percent. Prescription count at comparable stores increased 1.7 percent over the prior-year period.

Total drugstore sales for the eight weeks ended April 26, 2014 increased 2.6 percent with sales of $3.941 billion compared to $3.841 billion for the same period last year. Prescription sales represented 68.7 percent of total drugstore sales, and third party prescription sales represented 97.4 percent of pharmacy sales.

Rite Aid is one of the nation’s largest drugstore chains. On April 26, 2014, the company operated 4,583 stores compared to 4,619 stores in the like period a year ago. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at http://www.riteaid.com. Note that all sales data in this release is preliminary, unaudited and subject to revision.

Statements in this release that are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties that are described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K and in other documents that we file or furnish with the Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Rite Aid expressly disclaims any current intention to update publicly any forward-looking statement after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

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Contact:

Investors: 0 0 717-975-3710, Matt Schroeder 717-214-8867 or investor@riteaid.com

Media: Susan Henderson 717-730-7766

Meijer opened supercenter today in South Haven, Michigan

190,000-square-foot store features fresh fruit delivered daily, a free prescription program and pharmacy services designed to promote family health

GRAND RAPIDS, Mich., 2014-5-1 — /EPR Retail News/ — Meijer opened a supercenter today in South Haven, Mich., marking its first of nine new stores the retailer will open this year in the Midwest, Co-Chairman Doug Meijer announced. The 190,000 square-foot store at 1223 Phoenix St. will create more than 270 new jobs and provide local residents high quality products, fresh produce and a full-service pharmacy that makes family health care a priority.

“As a pioneer of one-stop shopping, we have always strived to offer easy, affordable solutions to our neighbors and look forward to bringing fresh value to South Haven,” Meijer said. “Whether you’re looking for fresh fruits and vegetables delivered daily, getting your yard ready for summer or seeking answers about a nagging health concern, this supercenter represents our ongoing commitment to help provide a healthier balanced lifestyle for anyone who steps through our door.”

Meijer kicked off its opening celebration with a ribbon-cutting event inside the store, followed by remarks by Meijer officials and local dignitaries, and the presentation of a check for $25,000 to the South Haven High School’s Athletic Department for a new scoreboard and batting cage.

“The City of South Haven welcomes Meijer into our community,” Mayor Robert Burr said. “Not only am I excited about the job creation and private investment this development represents, but I am personally pleased with our partners in South Haven Charter Township, who actively partnered with the city to ensure this development was planned and built in a high quality manner. This is the latest example of the strong partnerships built between the city and South Haven Charter Township, which will help to ensure the economic viability for the South Haven community for years to come.”

The new store is built to Leadership in Energy and Environmental Design (LEED) standards and features more than 600 high quality varieties of fresh produce, a meat department that offers neighborhood butcher shop service with custom cuts of high quality meats and a bakery that carries fresh bread baked four times a day.

In addition to the retailer’s traditional grocery and merchandise offerings, garden center and 24-hour gas station, the new pharmacy will offer the company’s free prescription program, as well as clinical services and immunizations designed to promote family health. The prescription program includes leading oral generic antibiotics with a special focus on prescriptions most often filled for children, prenatal vitamins and medications for those with diabetes and high cholesterol. Since its inception in 2006, the Meijer free prescription program has filled more than 19 million free prescriptions, saving Meijer customers more than $276 million.

“Our team has worked very hard to get this store ready and we’re excited to bring one of our stores to South Haven,” said April Groenleer, store director of the South Haven Meijer. “We are home here in South Haven, and we believe it’s important to continue bringing fresh opportunities to the communities where we’re located. Whether it’s through donations to local organizations or in supporting farmers across the Midwest, we’re focused on growing together with our customers.”

About Meijer
Meijer is a Grand Rapids, Mich.-based retailer that operates 205 supercenters and grocery stores throughout Michigan, Ohio, Indiana, Illinois and Kentucky. As a pioneer of the “one-stop shopping” concept, Meijer stores have evolved through the years to include expanded fresh produce and meat departments, as well as pharmacies, comprehensive electronics departments, garden centers and apparel offerings. Additional information on Meijer and the ability to shop for more can be found at www.meijer.com. Follow Meijer on Twitter @twitter.com/Meijer and @twitter.com/MeijerPR or become a fan at www.facebook.com/meijer.

Contact: Joe Hirschmugl, 616-791-3943, joseph.hirschmugl@meijer.com

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Meijer opened supercenter today in South Haven, Michigan

Meijer opened supercenter today in South Haven, Michigan

 

Target opens two Brunet Target affiliated pharmacies at the Brossard and Sainte-Dorothée Target store locations

Two locations now open at the Brossard and Sainte-Dorothée Target store locations

MONTREAL, QC,  2014-5-1 — /EPR Retail News/ — Target announced today that two Brunet Target affiliated pharmacies are now open at the Brossard and Sainte-Dorothée Target store locations. As previously announced, a total of 18 pharmacies operated by pharmacist-owners affiliated with Brunet will open at Target stores across Québec in 2014.

“Healthcare is an integral part of the Target brand experience and the newly opened Brunet Target affiliated pharmacies enable us to deliver superior, patient-focused healthcare to our guests across Quebec,” said Jeff May, director, healthcare operations, Target Canada. “Target is proud of its unique co-branding concept with Brunet, a well-established and highly respected banner in Quebec, which will enhance the guest experience.”

Target has developed a best-in-class franchise model for the Canadian market, and a similar model will be used in Quebec with Brunet. The pharmacies will carry Target owned brands such as up & up and provide guests with access to prescription, pharmacy and health consultation services. As well, guests will benefit from Brunet’s exclusive MaSanté online tool, which provides them with personalized options to access their file online.

“We are excited with the opening of the first Brunet Target affiliated pharmacies in Quebec and that our pharmacists’ knowledge and expertise will be offered to Target guests,” said Luc Martinovitch, vice-president and general manager, McMahon Distributeur pharmaceutique inc. “Target is one of the strongest retail brands in North America and we’re thrilled to be working with them on this unique concept,” added Mr Martinovitch.

The Brunet Target openings follow last year’s announcement of a partnership between Target and METRO INC.’s subsidiary, McMahon Distributeur pharmaceutique Inc., for the operation of pharmacies at the majority of Target locations across Quebec. Under this agreement, Brunet is responsible for recruiting pharmacists, providing these owner-pharmacists with technology and other patient systems, and providing supply chain and inventory management services.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,924 stores – 1,797 in the United States and 127 in Canada – and at Target.com. Since 1946, Target has given 5 percent of its profit through community grants and programs; today, that giving equals more than $4 million a week. For more information about Target’s commitment to corporate responsibility, visit target.ca/corporateresponsibility.

About Brunet
Founded in 1855, Brunet’s mission is to offer Quebeckers personalized advice and services related to their health. It constantly pursues the development of new products and services. Brunet is owned by McMahon Distributeur pharmaceutique inc., a subsidiary of Metro Richelieu inc. McMahon operates a network of close to 200 pharmaceutical establishments under the Brunet, Brunet Plus, Brunet Clinique, Clini Plus and Brunet Target banners, employing almost 3,000 people.

media hotline

p: (612) 696-3400
e: press@target.com

We strive to return all media calls within one business day.

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Target opens two Brunet Target affiliated pharmacies at the Brossard and Sainte-Dorothée Target store locations

Target opens two Brunet Target affiliated pharmacies at the Brossard and Sainte-Dorothée Target store locations

Morrisons announces its biggest ever price cuts and unveils price transparency website

Bradford, England, 2014-5-1 — /EPR Retail News/ — Morrisons announces today that it is going to be permanently cheaper with price reductions on 1,200 everyday essentials, reinforcing its credentials as a fresh-led value grocer.

Today’s cuts, which average 17%, will span both own-brand and popular branded products which together make up most of families’ weekly shopping baskets. The latest price drops follow earlier ones on milk, fresh meat, fruit and vegetables.

Examples of the latest price cuts

Item Old price New price Saving %
Morrisons bacon 300g £2.55 / 2 for £4 £2.18 / 2 for £3.50 15%
Beef mince 500g £2.49 / 2 for £4 £1.99 / 2 for £3.50 20%
Morrisons fruit scones £0.79 £0.65 18%
Hovis Best of Both £1.35 £1.00 26%
Tate & Lyle Sugar £0.88 £0.79 10%
Napolina Chopped Tomatoes £1.25 £0.79 37%
Jammie Dodgers £1.09 £0.49 55%
Morrisons Crisps 6 pack £1.29 £0.85 34%
Morrisons Foil (30m) £3.80 £1.99 48%
Huggies Wipes £2.49 £1.00 60%
Diet Coke 8 pack £4.39 £2.64 40%
Stella Artois 15 pack £10.00 £8.00 20%
Morrisons British Butter 250g £1.49 £1.00 33%

Morrisons Chief Executive, Dalton Philips said:

“Morrisons is now cheaper. We are cutting prices not corners. We are making great food even more affordable and, in doing so, giving more reasons for customers to shop with us.”

The permanently lower prices will be matched by unprecedented transparency on pricing by a British supermarket. In May, Morrisons will launch a new website, powered bymysupermarket.co.uk that gives customers the ability to view the pricing history of an item to reassure them that they are getting a bargain. Customers will be able to compare what Morrisons prices were before – and are now.

Commenting on the new price transparency website, Dalton Philips added:

“We’re serious about getting cheaper and setting new standards in transparency of pricing. We want our customers to be proud of the products they buy and be reassured that they are cheaper. We have nothing to hide.”

The cheaper prices will be communicated to customers through a new marketing campaign with the strap line “I’m Your New Cheaper Morrisons”. This will launch on May 1st with multiple adverts in both the Emmerdale and Coronation Street breaks, as well as new point of sale signage in stores.

Morrisons is the UK’s second largest fresh food manufacturer and uniquely among the supermarkets, makes more than half of the fresh food it sells. It will be leveraging this vertically integrated structure to control to quality of products and to keep prices down, cost which competitors will find it hard to match.

Jerónimo Martins reports 5.6% consolidated sales growth in its 1st Quarter 2014 Results

In a highly competitive environment in Poland and in Portugal 

CONSOLIDATED SALES GROWTH 5.6% (AT CONSTANT EXCHANGE RATES)

First quarter highlights for the Group

  • Consolidated Sales growth 5.6% (at constant exchange rates) and reached 2,912 million euros
  • Operational Cash Flow (EBITDA) of 158 million euros
  • Investment of 109 million euros, with 87% channelled to Biedronka
  • Profit is 62 million euros, with the main contribution coming from Biedronka
  • Market shares in Poland and in Portugal strengthened
  • The new businesses (Hebe and Ara) recorded sales of 29 million euros in the quarter in which Ara celebrated its first year of operations in Colombia

Lisbon, 2014-5-1 — /EPR Retail News/ — In the first three months of the year, the consolidated sales of the Jerónimo Martins Group rose 5.6% (at constant exchange rates) to 2,912 million euros, with Biedronka strengthening its leading position and Pingo Doce maintaining a strong competitive momentum that enabled it to increase sales by 2.3%.

The Group’s two Food Retail chains generated 92.5% of consolidated sales, with the Polish company representing 67% of the total, in line with the first quarter of the previous year.

Consolidated sales growth was mostly supported by the opening of 264 stores over the 12 months ending 31st March.

The consolidated EBITDA was 158 million euros. The EBITDA margin was 5.4%, 60 basis points lower than in the same period of the previous year (6%), as a result of the negative effect of the Easter calendar (not in the same quarter this year), additional costs of 2.4 million euros incurred with
the Group’s new businesses (Hebe and Ara), together with ongoing investment in promotional initiatives at Biedronka and Pingo Doce.

The net profit attributed to the Group was 62 million euros, 13 million less than in 2013, in a quarter in which capex (capital investment) reached 109 million euros, of which 87% allocated to Biedronka.

Pedro Soares dos Santos, the Group Chairman and CEO, considers that “Jerónimo Martins’ results reflect Biedronka’s slow start to the year. We will continue to address the challenges of a very competitive market and we remain fully committed to further strengthening our leadership position and
relevance for the Polish consumers.

In Portugal, Pingo Doce delivered strong sales growth, also in like-for-like terms. After one year since the start-up in Colombia and approaching 40 stores, Ara is performing according to plan.

All in all, the solid cash generation from our main businesses allows us to keep investing in their development, whilst at the same time building our new businesses and preserving a strong balance sheet.”

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Media Relations
Rita Fragoso
rita.fragoso@jeronimo-martins.pt
+351-21 752 61 14