Global retail real estate convention ICSC RECon to be held from 18 to 20 May 2014 in Las Vegas

New Schedule, New Hours, New Floor Plan

NEW YORK, 2014-5-5 — /EPR Retail News/ — RECon, the global retail real estate convention, hosted by the International Council of Shopping Centers (ICSC), will provide networking, deal making, and educational opportunities for shopping center professionals from across the globe. The convention runs from May 18-20, 2014 and takes place all under one roof in the Las Vegas Convention Center, Las Vegas, Nevada. The full event schedule, attendee list, exhibitor list, and how to register are all available via the RECon 2014 website; but here is what you need to know before the show!

  • The show will encompass all three halls of the LVCC (North, Central, and South), topping 1 million square feet of space.
  • Nearly 1,100 companies will be exhibiting at RECon 2014
  • Attendance is running ahead of last year and is expected to surpass 33,000 people.
  • RECon provides over 25 educational sessions on key industry topics.
  • This year’s keynote speakers: Brad Meltzer, host, HISTORY Channel, Brad Meltzer’s Decoded, and New York Times best-selling author; Biz Stone, co-founder, Twitter; Michael T. Duke, chairman of the executive committee of the board, Wal-Mart Stores, Inc.; Jean Chatzky, financial editor, NBC’s Today, and New York Times best-selling author.
  • The Marketplace Mall features over 300 exhibitors showcasing the latest products and services for commercial properties.
  • New show start and end days: Sunday – Tuesday
  • New hours: Leasing Mall open Sunday 12pm – 5pm and Monday & Tuesday from 8am – 5pm (Pacific Time). Marketplace Mall open Sunday 10am – 5pm and Monday & Tuesday 8am – 5pm (Pacific Time).
  • New show floor format: the Lower Level of South Hall will now be in the North Hall.

Much like the digital landscape, RECon too is evolving rapidly. For 2014 ICSC partnered with Coca-Cola to bring some happiness and knowledge to the show floor with the ICSC Coca-Cola Happiness Lounge. This venue is where digital, mobile and social platforms will be transformed into unified online marketing strategies (and where attendees can be transformed from tired and stressed – to rested and happy!). The Lounge will be located at 19th Ave. and K Street in the Central Hall.

ICSC has also partnered with Coca-Cola to create the #MyStepsCount Challenge via the My Steps Count app. With RECon being over 1 million square feet, there will be plenty of steps to count and prizes will be awarded to the attendees that rack up the most. Make sure to download the app starting May 17.

New this year, the MAXI Awards will be part of RECon 2014. The MAXI Awards honor innovative events, programs, campaigns and technology that are vital to shopping center success.  They are the premiere marketing awards in the industry, and with their new home at RECon, will provide marketing professionals with the platform to showcase their endeavors to the largest gathering of industry professionals in the world. The awards take place Sunday, May 18, from 6:00-7:30pm Pacific Time.

Another great networking opportunity follows the MAXI Awards – the ICSC RECon Opening Reception. This year’s reception will take place at the Encore Beach Club in the Encore Hotel on Sunday, May 18, from 7:30-9:30pm Pacific Time.

Make sure you join the conversation, follow @ICSC and @ICSC_RECon on Twitter and use #RECon14.

Press registration is complimentary for members of the editorial staff at accredited publications.  Please contact Elana Krasner at ekrasner@icsc.org apply for credentials.

Founded in 1957, ICSC is the premier global trade association of the shopping center industry. Its more than 65,000 members in over 100 countries include shopping center owners, developers, managers, marketing specialists, investors, retailers and brokers, as well as academics and public officials.  For more information, visit www.icsc.org.

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

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L Brands to broadcast April Sales Report on May 8, 2014

COLUMBUS, Ohio, 2014-5-5 — /EPR Retail News/ — In conjunction with L Brands’ sales release, you are invited to listen to a pre-recorded broadcast of the April sales report with Amie Preston, Chief Investor Relations Officer for L Brands (NYSE: LB).  The broadcast will be available on the Internet on Thursday, May 8, at 7:30 a.m. ET.

What: L Brands April Sales Report
When: 7:30 a.m. ET on Thursday, May 8, 2014
Where: http://www.LB.com
How: Simply log on to the Web at the address above or dial 1-866-639-7583.
There is no security passcode.

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

ABOUT L BRANDS:
L Brands, through Victoria’s Secret, Pink, Bath & Body Works, La Senza and Henri Bendel, is an international company.  The company operates 2,917 company-owned specialty stores in the United States, Canada and the United Kingdom and its brands are sold in about 600 franchised additional locations world-wide.  The company’s products are also available online at www.VictoriasSecret.com, www.BathandBodyWorks.com, www.HenriBendel.com and www.LaSenza.com.

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

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

Toys“R”Us, Inc. to hold fourth quarter 2013 Lenders and Note Investors Conference Call on May 7, 2014

WAYNE, NJ, 2014-5-5 — /EPR Retail News/ — Toys“R”Us, Inc. is pleased to announce that its fourth quarter 2013 Lenders and Note Investors Conference Call to discuss the financial results of Toys“R”Us, Inc., Toys“R”Us – Delaware, Inc., and Toys“R”Us Property Company II, LLC has been scheduled for 10:00 a.m. ET on Wednesday, May 7, 2014. Participation in this call is limited to lenders under Toys“R”Us – Delaware, Inc.’s term loan credit agreement dated August 24, 2010 (as amended or supplemented, including by the joinder agreements dated May 25, 2011 and April 10, 2012), and to investors and bona fide prospective investors in Toys“R”Us – Delaware, Inc.’s 7.375% Senior Secured Notes due 2016, Toys“R”Us Property Company II, LLC’s 8.50% Senior Secured Notes due 2017 and Toys“R”Us, Inc.’s 10.375% Senior Notes due 2017, 7.375% Senior Notes due 2018 and 8.75% Debentures due 2021.

Lenders, investors and bona fide prospective investors in the loans and notes set forth above, who would like to request participation in this conference call, should visit the following link to register and request dial-in information.

http://www.eventsvc.com/ToysrusLendersCall/

All requests to participate in the call must be submitted via the link above by 5:00 p.m. ET on Tuesday, May 6, 2014. Dial-in information will be subsequently provided.

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/Toysrus and Twitter.com/Babiesrus.

Lenders and Note Investors:

John D’Ambrosio, Manager, Corporate Treasury at 973-617-5913 or John.D’Ambrosio@toysrus.com

Media:

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

Rite Aid Foundation donates $40,000 to American Red Cross to help victims affected by the severe weather in the southeast

Camp Hill, Pa., 2014-5-5 — /EPR Retail News/ — Rite Aid today announced that The Rite Aid Foundation is making a $40,000 donation to the American Red Cross to help the victims, families and communities affected by the severe weather that occurred in the southeast earlier this week.

The Rite Aid Foundation is donating $25,000 to the American Red Cross – West Alabama chapter, which serves Bibb, Fayette, Greene, Hale, Lamar, Pickens, Sumter and Tuscaloosa counties; $10,000 to the American Red Cross – South Mississippi chapter, which serves Harrison, Hancock, Jackson, Pearl River, Stone, George, Greene, Perry, Forrest, Lamar, Marion, Jefferson Davis and Covington counties; and $5,000 to the American Red Cross – Frederick E. Turnage chapter, which serves northeastern North Carolina including Nash, Wilson, Edgecombe, Halifax and Northampton counties.

“Our hearts go out to the victims, families and communities affected by the tornadoes and storms that crossed the southeastern part of the country earlier this week,” said Ken Martindale, Rite Aid president and chief operating officer and president of The Rite Aid Foundation. “The Rite Aid Foundation has a history of helping our communities and customers in their time of need, and we hope that our donation to the American Red Cross brings aid and comfort to those who need it most.”

Rite Aid operates more than 340 stores in Alabama, Mississippi and North Carolina.

Since its inception in 2001, The Rite Aid Foundation has awarded grants totaling more than $17 million to more than 1,300 organizations nationwide. For more information on The Rite Aid Foundation, visit www.riteaid.com.

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: Ashley Flower 717-975-5718

Rite Aid Corporation appoints Matt Lynch as senior VP and chief information officer

CAMP HILL, PA, 2014-5-5 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD) announced today that Matt Lynch, an information technology executive with nearly 30 years’ experience, is joining Rite Aid as senior vice president and chief information officer.

In this position, Lynch will be responsible for all aspects of the company’s technology and information operations, including computer systems, network infrastructure, telecommunications and data security as well as the continued development and execution of Rite Aid’s immediate and long-term information technology strategy. Lynch will report to Frank Vitrano, Rite Aid’s senior executive vice president, chief financial officer and chief administrative officer. Lynch succeeds Don Davis, who is retiring from the company after 14 years of service.

“Matt is a seasoned information technology professional with diverse business systems’ management and deep retail experience,” said Vitrano. “Additionally, his expertise with advanced systems – spanning all key business functions – will be extremely beneficial to Rite Aid as we continue to enhance our information technology and services platforms to help us achieve our dual goals of delivering a superior customer experience and driving continued growth for our company.”

Most recently, Lynch served as senior vice president and chief information officer for DICK’S Sporting Goods, the largest U.S. based full-line omni-channel sporting goods retailer, overseeing the enterprise IT function for all brands and e-commerce businesses. Prior to joining DICK’s Sporting Goods, Lynch held various executive information technology positions at ShopKo Stores Operating Co., LLC, a $3 billion regional retailer based in Green Bay, Wisc., that operates more than 330 stores in 21 states. Earlier in his career, Matt held management positions at American West Airlines, Air Wisconsin Airlines and Runzheimer International, a workforce mobility management consulting firm. Lynch began his career as a software engineer with Sperry Aerospace.

Lynch earned a bachelor’s degree in computer science from Northern Arizona University in Flagstaff, Ariz.

Rite Aid Corporation 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:

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

Media: Ashley Flower 717-975-5718

Target appoints John Mulligan as interim president, CEO and Roxanne S. Austin as interim non-executive chair of the board

MINNEAPOLIS, 2014-5-5 — /EPR Retail News/ — Target’s board of directors issued the following statement today:

“Today we are announcing that, after extensive discussions, the board and Gregg Steinhafel have decided that now is the right time for new leadership at Target. Effective immediately, Gregg will step down from his positions as Chairman of the Target board of directors, president and CEO.  John Mulligan, Target’s chief financial officer, has been appointed as interim president and chief executive officer. Roxanne S. Austin, a current member of Target’s board of directors, has been appointed as interim non-executive chair of the board. Both will serve in their roles until permanent replacements are named. We have asked Gregg Steinhafel to serve in an advisory capacity during this transition and he has graciously agreed.

The board is deeply grateful to Gregg for his significant contributions and outstanding service throughout his notable 35-year career with the company. We believe his passion for the team and relentless focus on the guest have established Target as a leader in the retail industry.  Gregg has created a culture that fosters innovation and supports the development of new ideas. Under his leadership, the company has not only enhanced its ability to execute, but has broadened its strategic horizons. He also led the company through unprecedented challenges, navigating the financial recession, reacting to challenges with Target’s expansion into Canada, and successfully defending the company through a high-profile proxy battle.

Most recently, Gregg led the response to Target’s 2013 data breach. He held himself personally accountable and pledged that Target would emerge a better company. We are grateful to him for his tireless leadership and will always consider him a member of the Target family.

The board will continue to be actively engaged with the leadership team to drive Target’s future success and will manage the transition.  In addition to the appointments of the exceptional leaders noted above, we have also retained Korn Ferry to advise the board on a comprehensive CEO search.

The board is confident in the future of this company and views this transition as an opportunity to drive Target’s business forward and accelerate the company’s transformation efforts.”

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,916 stores – 1,789 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.com/corporateresponsibility.

Ingles Markets reported higher sales and net income for the three and six months ended March 29, 2014

ASHEVILLE, N.C., 2014-5-5 — /EPR Retail News/ — Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported higher sales and net income for the three and six months ended March 29, 2014 as compared with the three and six months ended March 30, 2013.  Second quarter net sales rose $27.1 million to $947.8 million and net income increased 29.2% to $10.5 million, compared with net income of $8.1 million for the prior year’s second quarter.  For the first six months of fiscal 2014, net sales rose $37.2 million to $1.89 billion and net income increased 1.7% to $20.0 million, compared with the first six months of fiscal 2013.

Robert P. Ingle II, Chief Executive Officer, stated, “We are pleased with our sales and net income growth this quarter.  Our stores continue to focus on sales growth and that certainly made a difference this quarter.”

Second Quarter Results

Net sales increased by 2.9% to $947.8 million for the three months ended March 29, 2014, from $920.7 million for the three months ended March 30, 2013.  The growth in sales was negatively affected by the Easter holiday, which benefited sales in the second quarter of last fiscal year but will not occur until the third quarter this fiscal year.  Comparable store sales excluding gasoline and extra Easter 2013 sales, increased 2.5% over the comparable quarters. The number of customer transactions (excluding gasoline) increased 0.5%, while the comparable average transaction size (excluding gasoline) increased 1.5% compared with the same quarter last year.  Ingles operated 203 stores containing a total of approximately 11.1 million square feet at March 29, 2014.  In the past twelve months the Company opened one new store and closed one store, resulting in a slight increase in square footage.

Gross profit for the March 2014 quarter increased 3.8% to $206.1 million, compared with $198.6 million for the second quarter of last fiscal year.  Gross profit, as a percentage of sales, was 21.7% for the March 2014 quarter compared with 21.6% for the March 2013 quarter.  Gross profit contributed by gasoline sales was lower this quarter, partly attributable to promotional activities involving gasoline sales.

Operating and administrative expenses for the March 2014 quarter totaled $178.4 million, an increase of $3.4 million, or 2.0% over the March 2013 quarter.  The dollar growth in operating expenses was primarily in payroll and store base expenses, offset by better self-insurance claims experience.

The results for the prior year’s second quarter included $4.1 million in gains from the sale or disposal of assets compared with $83,000 in the second quarter of the current fiscal year.  During the prior year second quarter, the Company sold a former store property. There was no comparable sale in the current year’s second quarter.

Interest expense totaled $11.7 million for the three-month period ended March 29, 2014 and $15.7 million for the three-month period ended March 30, 2013.

Net income totaled $10.5 million for the three-month period ended March 29, 2014, compared with $8.1 million for the three-month period ended March 30, 2013.  Net income, as a percentage of sales, was 1.1% for the quarter ended March 29, 2014, compared with 0.9% for the quarter ended March 30, 2013.  Basic and diluted earnings per share for Class A Common Stock were $0.47 and $0.46, respectively, for the quarter ended March 29, 2014, compared to $0.35 and $0.33, respectively, for the quarter ended March 30, 2013.  Basic and diluted earnings per share for Class B Common Stock were each $0.43 for the quarter ended March 29, 2014, compared with $0.32 of basic and diluted earnings per share for the quarter ended March 30, 2013.

First Half Results

Net sales increased $37.2 million to $1.89 billion for the six months ended March 29, 2014, from $1.86 billion for the six months ended March 30, 2013.  Excluding gasoline and extra Easter 2013 sales, grocery segment comparable store sales increased 0.8%.

Gross profit for the six months ended March 29, 2014, totaled $409.6 million compared with the $406.9 million for the first six months of last fiscal year.  Gross profit, as a percentage of sales, was 21.6% for the March 2014 six-month period compared with 21.9% for the March 2013 six-month period.

Operating and administrative expenses increased $6.0 million, or 1.7%, to $355.8 million for the six months ended March 29, 2014, from $349.8 million for the six months ended March 30, 2013. As with the three month results, payroll and store base expense increases were offset by lower self-insurance expense.

Interest expense totaled $23.5 million for the six-month period ended March 29, 2014, compared with $31.3 million for the six-month period ended March 30, 2013.  The change in total debt during the first six months of fiscal year 2013 was insignificant.

Net income totaled $20.0 million for the six-month period ended March 29, 2014, compared with $19.7 million for the six-month period ended March 30, 2013.   Net income, as a percentage of sales, was 1.1% for both six month periods.  Basic and diluted earnings per share for Class A Common Stock were $0.91 and $0.88, respectively, for the six months ended March 29, 2014, compared to $0.85 and $0.81, respectively, for the six months ended March 30, 2013.  Basic and diluted earnings per share for Class B Common Stock were each $0.83 for the six months ended March 29, 2014, compared to $0.77 of basic and diluted earnings per share for the six months ended March 30, 2013.

Capital expenditures for the March 2014 six-month period totaled $51.8 million, compared with $47.0 million for the March 2013 six-month period.  Capital expenditures for the entire fiscal year are expected to be approximately $100 million to $140 million, including expenditures for stores to open in fiscal 2014 and 2015, as well as for the Company’s ongoing remodeling program to multiple stores.

The Company currently has lines of credit totaling $175.0 million, all of which is currently available except for $9.7 million of issued but unused letters of credit at March 29, 2014.  The Company believes its financial resources, including these lines of credit and other internal and anticipated external sources of funds, will be sufficient to meet planned capital expenditures, debt service and working capital requirements for the foreseeable future.

View Unaudited Financial Highlights

The comments in this press release contain certain forward-looking statements. Ingles undertakes no obligation to publicly release any revisions to any forward-looking statements contained herein to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events, except as required by law.  Ingles’ actual results may differ materially from those projected in forward-looking statements made by, or on behalf of, Ingles.  Factors that may affect results include changes in business and economic conditions generally in Ingles’ operating area, pricing pressures, increased competitive efforts by others in Ingles’ marketing areas and the availability of financing for capital improvements.  A more detailed discussion of these factors may be found in reports filed by the Company with the Securities and Exchange Commission including its 2013 Form 10-K and 2014 Forms 10-Q.

Ingles Markets, Incorporated is a leading supermarket chain with operations in six southeastern states. Headquartered in Asheville, North Carolina, the Company operates 203 supermarkets. In conjunction with its supermarket operations, the Company operates neighborhood shopping centers, most of which contain an Ingles supermarket. The Company also owns a fluid dairy facility that supplies Company supermarkets and unaffiliated customers. The Company’s Class A Common Stock is traded on The NASDAQ Stock Market’s Global Select Market under the symbol IMKTA. For more information, visit Ingles’ website www.ingles-markets.com.

Ingles Markets, Incorporated – Post Office Box 6676, Asheville, NC 28816 – http://www.ingles-markets.com

Morrisons opened its first accessible, assisted changing places toilet for disabled customers

Bradford, England, 2014-5-5 — /EPR Retail News/ — Morrisons officially opened its first accessible, assisted Changing Places toilet for disabled customers to appear in any of its UK stores.

Intended for a more dignified experience, the washroom features more space than a standard accessible toilet, to accommodate the user and their carer(s), plus a height adjustable washbasin, hoist, mobile shower trolley, WC with drop down arms and a privacy screen. Without the additional space and equipment, shoppers who care for someone who needs help to go to the toilet would have to curtail their trip, or change their loved one on the floor.

The opening, attended by The Clough family – campaigners for ‘Changing Places’ – and local care providers, was intended to help promote awareness of the facility to those families and individuals who will benefit from it. With some users last week, this was the first facility available in any Midlands supermarket.

Morrisons officially opened its first accessible, assisted Changing Places toilet for disabled customers to appear in any of its UK stores.

Intended for a more dignified experience, the washroom features more space than a standard accessible toilet, to accommodate the user and their carer(s), plus a height adjustable washbasin, hoist, mobile shower trolley, WC with drop down arms and a privacy screen. Without the additional space and equipment, shoppers who care for someone who needs help to go to the toilet would have to curtail their trip, or change their loved one on the floor.

The opening, attended by The Clough family – campaigners for ‘Changing Places’ – and local care providers, was intended to help promote awareness of the facility to those families and individuals who will benefit from it. With some users last week, this was the first facility available in any Midlands supermarket.

“For many, conducting a weekly grocery shop is a family endeavour which requires the utmost planning and support from the store. We very much hope that this will make life a lot easier for our existing disabled customer base and possibly even encourage other members of the community to stop by.”

The new facility has been supplied and installed by Clos-o-Mat – Britain’s leading disabled toileting solutions company – in the Lawley, Telford store, as part of a fast-track project by construction firm ISG to create a new café and enhanced washroom/restroom facilities.

Added Kelvin Grimes, Clos-o-Mat Changing Places project manager, “The new Changing Places toilet at Morrisons means there are now over 600 open across the UK in a raft of places to which the public have access. Such toilets mean the 1/4million+ disabled people who need the help of a carer to toilet can visit more places, and stay longer, than they could otherwise do, without the stress and worry of being able to find and access suitable toilets.”

The facility is based at Morrisons’ Telford Store, Gresham Drive, Newdale, Telford, TF3 5ES.

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Morrisons opened its first accessible, assisted Changing Places toilet for disabled customers

Morrisons opened its first accessible, assisted Changing Places toilet for disabled customers

Wincor Nixdorf reaffirmed its projection of 4% growth in net sales and 17% rise in EBITA to €155 million in its fiscal 2013/2014

Paderborn, Germany, 2014-5-5 — /EPR Retail News/ — Wincor Nixdorf AG completed the first six months of fiscal 2013/2014 with a decline in net sales and growth in operating profit. Net sales fell by 3% to €1,230 million (previous year: €1,266 million). Operating profit (EBITA) rose by 3% to €68 million (€66 million). The EBITA margin increased by 0.3 percentage points to 5.5% (5.2%). Profit for the first six months of the fiscal year grew by 2% to €45 million (€44 million). In the outlook for fiscal 2013/2014 as a whole Wincor Nixdorf reaffirmed its projection of 4% growth in net sales and a 17% rise in EBITA to €155 million. Despite some developments in the emerging markets that had not been foreseeable at the beginning of the fiscal year, the company considers its forecast to be attainable.

“We remain committed to expanding our activities in the emerging markets, despite the fact that business has become more challenging there for Wincor Nixdorf,” said CEO & President Eckard Heidloff when asked to comment on the company’s performance. With the currencies of some of the key emerging markets having depreciated against the euro, customers’ local investment budgets had declined and had in turn led to lower revenues for Wincor Nixdorf. Among these countries, for example, were Russia and Turkey. Having made an important contribution to overall growth in the last fiscal year, these markets had been expected to do so again in 2013/2014. As expected, the slight economic improvement observable in major industrialized countries has not yet had any substantial impact on business.

Net Sales up in Retail Segment

Net sales in the Banking segment fell by 6% to €778 million (€828 million) in the first half of fiscal 2013/2014. In the second quarter, net sales were down by 1% year on year. EBITA for the Banking segment totaled €51 million (€55 million), which was 7% down on the figure posted for the same period a year ago. Net sales generated in the Retail segment rose by 3% in the first six months of the fiscal year, reaching €452 million in total (€438 million). In the second quarter, net sales were 1% lower compared to the same period a year ago. EBITA generated in the Retail segment rose by 55% to €17 million (€11 million) in the reporting period.

Growth in Germany and Americas

In Germany, net sales rose by 2% to €290 million (€284 million) in the first six months, thus accounting for 24% (22%) of the Group’s total net sales. In the second quarter, net sales in Germany stood at €140 million (€130 million), which corresponds to growth of 8%. At €577 million (€631 million), Europe (excluding Germany) saw a year-on-year decline in net sales of 9% in the first six months of the current fiscal year. This was attributable primarily to a downturn in business in the emerging European markets.

In the first half of the fiscal year, Europe (excluding Germany) contributed the largest part of total net sales for the Group at 47% (50%). In the second quarter of the fiscal year, net sales in Europe (excluding Germany) were 13% lower at €273 million (€314 million). In Asia/Pacific/Africa, net sales remained largely unchanged year on year at €216 million (€215 million) in the first six months of the fiscal year. The share of total net sales attributable to the Asia/Pacific/Africa region thus also remained unchanged at 17%. Second-quarter net sales in Asia/Pacific/Africa rose by 6% to €101 million (€95 million). In U.S. dollars, the Americas recorded a 13% increase in net sales during the first half of the fiscal year. Translated into euros, this is equivalent to growth of 8% to €147 million (€136 million). Thus, the proportion of Group net sales generated in the Americas was 12% (11%). In the second quarter of the fiscal year, net sales in the region were up 34% at €78 million (€58 million).

Increase in Proportion of Net Sales from Software/Services

Net sales attributable to the Hardware business fell by 7% year on year to €575 million (€616 million). In the Software/Services business, net sales were up 1% at €655 million (€650 million). The share of total net sales attributable to the Hardware business fell to 47% (49%) in the reporting period. Correspondingly, the proportion of total net sales derived from Software/Services rose to 53% (51%).

400 professionals from around the world to attend CBRE’s 14th annual Women’s Networking Forum in Chicago

Chicago, IL, 2014-5-5 — /EPR Retail News/ — More than 400 professionals from around the world will come together in Chicago next week for CBRE Group Inc.’s (CBRE) 14th annual Women’s Networking Forum. The 2014 conference, “Dare to be Extraordinary,” is expected to be the largest in the CBRE Women’s Network’s history and will feature presentations from the company’s executives and external business leaders; professional-development workshops and networking events; and a major community service project.

“This is not only the largest group of Forum attendees, but it is also the most diverse group, drawing members from around the world,” said Lisa Konieczka, an Executive Vice President in CBRE’s Chicago office and Chair of the company’s Women’s Network. “This speaks to the importance of career networking and the value CBRE places on professional development.”

CBRE’s Women’s Network was formed in 2000 and has grown exponentially during the last 14 years to its current membership of more than 1,800 CBRE professionals. The network operates with an inclusive philosophy of “By Women, For Everyone.” Its main initiatives are guided by four primary offerings: mentoring, professional development, personal enrichment and networking.

Bob Sulentic, President and Chief Executive Officer of CBRE Group, Inc., said, “The Women’s Network is one of several grassroots networking groups that foster the success of our diverse employees. This is a key business goal for CBRE and the Women’s Networking Forum—through its enriching programs and valuable networking opportunities—helps create a foundation for professional and personal success.”

In conjunction with the conference, more than 200 CBRE volunteers will join housing nonprofit Rebuilding Together to refurbish the Sylvia Family Shelter in North Chicago. The Sylvia Center, which is part of the Cornerstone Community Outreach nonprofit, serves more than 160 women with children, men with children, inter-generational families and couples with children.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

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