Intershop reports 64% increase in licensing revenues during Q1 2014

  • Licensing revenues grow strongly (+64%)
  • Net revenues at prior year level
  • Positive operating cash flow

Jena, Germany, 2014-5-9 — /EPR Retail News/ — Intershop Communications AG (ISIN: DE000A0EPUH1), leading independent provider of innovative solutions for omni-channel commerce, continues to drive forward its refocusing on the product business. In the first three months of 2014 Intershop generated net revenues of EUR 12.0 million (previous year: EUR 12.2 million) and continued the strongly positive trend of increased licensing revenues. Those grew by 64% to EUR 1.1 million. Service, maintenance and other revenues also developed favourably and declined only because of lower revenues with two major customers by 5% to EUR 10.9 million.

Resulting from continued high investments in sales and marketing earnings before interest and tax (EBIT) remained with EUR -1.7 million at the prior year level. By contrast, the gross profit was increased by 12% to EUR 3.9 million. Intershop’s earnings before interests, tax, depreciation and amortisation (EBITDA) came in at EUR -0.7 million. Operating expenses increased by approx. 10% to EUR 5.8 million primarily due to higher marketing expenses. Earnings per share amounted to EUR -0.06 (previous year: EUR -0.06).

Intershop’s net assets and financial position remains solid. The equity ratio stands at a high 69%. Liquid funds amounted to EUR 7.3 million as of the reporting date, and were, thus, at their year-end level. Moreover, Intershop generated a positive operating cash flow of EUR 0.7 million, compared to EUR -0.6 million in the first quarter of the previous year.

Ludwig Lutter, CFO of Intershop Communications AG: “The e-commerce market is in a critical phase in which further growth hinges on partnerships for innovations as well as for sales activities. This is why we must continue to invest in expanding our sales force and our international partner network in order to win additional customers and to continuously expand our product business. In doing so, we will broaden our income base to finance continued investment in future growth.”

The first quarter saw Intershop launch another marketing and sales initiative centring on the company’s revised brand identity including new sales materials and a new website. Moreover, an important cooperation with the US software company Adobe Systems was started in the reporting period. Another highlight of the marketing initiative was the first “Intershop Summit”, which took place in Berlin in early April. The company used this event to present new developments relating to the Intershop omni-channel platform as well as the new innovation initiative “Seed – Growing Ideas”, in the context of which Intershop will act as an incubator to support young start-ups and offer them the possibility to bring their ideas and concepts into the market, with the help of an experienced and established player.

“Thanks to our high R&D investments in the further development of our core product, which we made over the past years, we are today one of the technological market leaders. The same must now be achieved on the sales side. To keep pace with global competition, this will require further investments. In this context, we are also considering a capital increase, which we will ask our shareholders to approve at the upcoming Stockholders’ Meeting,” Jochen Moll, CEO of Intershop Communications AG states.

For the current financial year, Intershop continues to project a single-digit percentage increase in net revenues as well as negative EBIT in the low single-digit million euro range.

The report on the first three months of 2014 is available for downloading at http://www.intershop.com/investors-financial-reports.

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

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

Albert Heijn Belgium appoints Luc de Baets General Manager

Zaandam, 2014-5-9 — /EPR Retail News/ — Luc de Baets has been appointed as General Manager Albert Heijn Belgium as of 1 June 2014. In this role, he is succeeding Corné Mulders who will be continuing his career outside Albert Heijn at the end of this month.

Luc de Baets has worked for Albert Heijn since the beginning of 2003 and is currently EVP HR in the Management Team. With a short hiatus, Luc has been part of the Albert Heijn Management Team for the past eleven years and has provided a significant contribution towards the growth of our company in the Netherlands and neighbouring countries. Luc graduated in business management from Groningen. Before he came to work for Albert Heijn, Luc was responsible for HR at Endemol and the Vendex KBB Speciaalzaken Groep in the Netherlands and also worked on expansion into Belgium and Germany in the 1990s. Luc was born in Sluis (Zeeuws Vlaanderen), where his parents were active in the retail sector.

Sander van der Laan, CEO of Albert Heijn: “Over the past three years, Albert Heijn Belgium has grown, in line with our plans, from one store in Brasschaat to twenty in Flemish Belgium. The stores are successful and welcome over 250,000 customers every week. I would like to sincerely thank Corné for his contribution to the growth of ‘Belgium’ which he realised with his team in three years.

As announced previously, we are on target to have 50 stores open in Belgium by the end of 2016. Our new General Manager has Flemish roots and is bringing all of his extensive retail experience to Belgium. Luc de Baets has provided a substantial contribution towards the Albert Heijn business and the HR role for around 11 years. I am delighted that he is taking on a new role in Belgium and wish him every success. I also wish Corné every success with his career outside the company.”

The General Manager Albert Heijn Belgium will keep reporting to Wouter Kolk, EVP new markets and specialty stores. Corne will settle Luc into his new role in Belgium in the coming weeks and will leave the company at the end of the month to become a board member of Sligro.

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Luc de Baets

Luc de Baets

Intershop to present at the Adobe Summit EMEA 2014 on 14-15 May at ICC ExCel London

  • 14-15 May, ICC ExCel, London

London, UK, 2014-5-9 — /EPR Retail News/ — Experience-driven commerce is the future of commerce and Intershop has announced that it will show a live demonstration at the Adobe Summit EMEA 2014, which takes place on 14-15 May at the ICC ExCel, London. The demonstration at booth 4 showcases the integration of Adobe Experience Manager with leading omni-channel commerce platform Intershop 7, built around a compelling ‘work’/B2B and ‘play’/B2C scenario. It highlights the recently signed collaboration between Adobe and Intershop and demonstrates how brands can create engaging commerce sites no matter what device or channel the customer uses.

In addition, Intershop’s c-level executives Dr. Jochen Wiechen (CTO) and Ludwig Lutter (CFO) will present a break-out session in the Digital Experience Management track on Wednesday 14 May from 1.30-2.15pm, in CS Room 17. Titled ‘Xperience Tomorrow – Seamless Customer Journey – Everything Is Possible’, the presentation will discuss how the customers’ experience dictates purchase decisions, and how new technologies are enabling the revival of one-to-one shopping. It will explain how e-commerce technology can be transformed into business value by providing immersive customer experiences, and how the buyer experience can be optimised by blurring the lines between work and play.

“Today’s customers want to become part of a story – and retailers need to recreate that personalised, one-to-one exchange between buyer and seller to build lasting and valuable relationships. The integration of our omni-channel commerce platform with Adobe’s leading web experience management solution opens up exciting new possibilities as it puts the customer experience back into focus,” comments Intershop CTO Dr. Jochen Wiechen. “Brands now have a best in class global solution for powerful, engaging, digital experiences for all types of buyers.”

The collaboration between Adobe and Intershop sees both partners jointly promoting and selling the integrated solution to companies in target markets, including North America, United Kingdom and Germany, with implementation services provided by designated preferred partners. Because the integration utilises Adobe’s eCommerce Integration Framework, partners will be able to easily customise the solution to meet individual customer requirements.

For more information on the Adobe Summit EMEA 2014, visit http://summit.adobe.com/emea/.

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

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

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Co-op food store opens in Mill Woods Town Centre, Edmonton

Edmonton, Alberta, 2014-5-9 — /EPR Retail News/ — If you drive far enough south on Wayne Gretzky Drive in Edmonton, you’ll come to Mill Woods, one of the city’s most culturally diverse communities. As you enter the area, you’ll see the North Central Co-op food store that opened today in the popular Mill Woods Town Centre.

Prasan and Saroj Dave are some of the first customers through the doors to see the new store. It comes as no surprise since the couple, who bought their first house in Mill Woods the year the mall opened 24 years ago, stop here for coffee every morning on their daily walk.

“We’re very impressed that it appears to be the only grocery store in Western Canada where there’s a cash back program,” said Prasan when asked about his initial impressions of the new store.

“You’ll have very good support from the community in Mill Woods, especially because of your customer service,” he said. “That’s something where other stores are falling behind, but I think it should come first.”

Store Manager Jeff Blaney said the Daves’ desire for service has been consistent among his customers.

“The biggest thing in the whole transition to Co-op is that customers were asking if the employees were staying with them,” said Blaney. “The employees are what make it happen here. When they found out they were all going to be part of Co-op, they were really excited be part of Co-op and that they would be able to keep serving customers in Mill Woods.”

With its focus on serving local customers and members, North Central Co-op is a natural fit for this community. Designed and built in the mid-1970s as a stand-alone town within Edmonton city limits, the area and its nearly 100,000 residents are known for having a strong sense of community.

“We’re all about being local,” said North Central Co-op General Manager Ed Berney. “It’s hard to imagine a better location for a community-focused business like Co-op than a neighbourhood like this one. People here really care about their community and the businesses that serve them.”

This is the seventh of 14 locations that will be turned into Co-op food stores this spring.

For more information on this store and other upcoming openings, visit www.myco-op.ca.

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Prasan and Saroj Dave

Prasan and Saroj Dave

Kimco Realty reports 6.3% increase in FFO as adjusted per diluted share in first quarter 2014 operating results

Kimco Realty Announces First Quarter 2014 Operating Results – Reports a 6.3% Increase in FFO as Adjusted per Diluted Share; Advances Portfolio Simplification and Transformation Efforts

NEW HYDE PARK, New York, 2014-5-9 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) today reported results for the first quarter ended March 31, 2014.

Highlights for the First Quarter 2014 and Subsequent Activity:
• Reported funds from operations (FFO) of $0.34 per diluted share for the first quarter of 2014, compared to $0.33 per diluted share for the same period in 2013;
• FFO as adjusted was $0.34 per diluted share for the first quarter of 2014 compared to $0.32 per diluted share for the same period in 2013, representing a 6.3% increase;
• U.S. same-property net operating income (NOI) increased 2.0% over the prior year, which includes an approximately 40-basis-point negative impact from snow-related costs;
• Recognized positive rental-rate leasing spreads in the U.S. of 8.8%, with rental rates for new leases up 50.7% and rental rates for renewals/options increasing 4.6%;
• Pro-rata occupancy increased 100 basis points in the U.S. shopping center portfolio to 94.7%, and 90 basis points in the combined shopping center portfolio to 94.5%, compared to the first quarter of 2013;
• Continued to transform the consolidated U.S. retail portfolio: Acquired 26 retail properties (including a 24-property portfolio primarily in the Greater Boston area) for a gross price of $392.8 million; and
• Continued to simplify the company’s business model by reducing the number of properties in joint ventures and its exposure to Latin America: Purchased 15 Kimco-managed joint venture properties from partners for a total price of $501.2 million; disposed of six joint venture properties for a gross sales price of $40.5 million; and sold a nine-property retail portfolio in Mexico for a gross sales price of $222 million.

Financial Results
Net income available to common shareholders for the first quarter of 2014 was $72.4 million, or $0.18 per diluted share, compared to $53.2 million, or $0.13 per diluted share, for the first quarter of 2013. Net income available to common shareholders during the first quarter of 2014 included $32.8 million of gains on sales of operating properties and $12.8 million of impairments attributable to the sale or pending disposition of operating properties. This compares to $16.3 million of gains on the sales of operating properties and $4.3 million of impairments during the first quarter of 2013. Both operating property impairments and gains on sales are excluded from the calculation of FFO.

FFO, a widely accepted supplemental measure of REIT performance, was $138.4 million, or $0.34 per diluted share, for the first quarter of 2014 compared to $134.9 million, or $0.33 per diluted share, for the first quarter of 2013.

FFO as adjusted, which excludes the effects of non-operating impairments and transactional income and expenses, was $140.8 million, or $0.34 per diluted share, for the first quarter of 2014 compared to $132.2 million, or $0.32 per diluted share, for the first quarter of 2013.

A reconciliation of net income to FFO and FFO as adjusted is provided in the tables accompanying this press release.

Shopping Center Operating Results
First quarter 2014 shopping center portfolio operating results:

U.S. Shopping Center Portfolio
• Pro-rata occupancy was 94.7%, an increase of 100 basis points over the first quarter of 2013;
• U.S. same-property NOI increased 2.0%, which includes a five-basis-point positive impact from the inclusion of redevelopments and an approximately 40-basis-point negative impact from snow-related costs across the portfolio, compared to the same period in 2013; and
• Pro-rata rental-rate leasing spreads increased 8.8%; rental rates on new leases increased 50.7%, and rental rates for renewals/options increased 4.6%.

Kimco reports same-property NOI on a cash basis, excluding lease termination fees and including charges for bad debts.

In addition, the U.S. shopping center portfolio’s pro-rata occupancy for anchor space (10,000 square feet and greater) was 97.6%, an 80 basis point increase from the first quarter of 2013. Kimco’s pro-rata occupancy for small shop space increased 160 basis points to 85.6% in the first quarter of 2014,
compared to the same period in 2013.

Combined Shopping Center Portfolio (includes U.S., Canada and Latin America)
• Pro-rata occupancy was 94.5%, an increase of 90 basis points over the first quarter of 2013;
• Combined same-property NOI increased 1.5% over same period in 2013 (2.5% when excluding
the impact of foreign currency); and
• Total leases executed in the combined portfolio: 625 new leases, renewals and options totaling 3.8 million square feet.

Full press release

Gap Inc. announced its April net sales increased 10% to $1.33 billion for four-week period ended May 3, 2014 vs $1.21 billion last year

Guides to First Quarter Earnings per Share Range of $0.56 to $0.57

SAN FRANCISCO, 2014-5-9 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today reported that April net sales increased 10 percent to $1.33 billion for the four-week period ended May 3, 2014 versus $1.21 billion last year.   Gap Inc.’s comparable sales for April 2014 were up 9 percent versus a 7 percent increase last year.

For the first quarter of fiscal year 2014, Gap Inc.’s net sales increased 1 percent to $3.77 billion versus $3.73 billion last year. The company’s comparable sales for the first quarter of fiscal year 2014 decreased 1 percent versus a 2 percent increase last year.

“We are pleased with our execution overall in April, especially at Old Navy,” said Glenn Murphy, chairman and chief executive officer, Gap Inc.

April Comparable Sales Results

Comparable sales by global brand for April 2014 were as follows:

  • Gap Global: positive 3 percent versus positive 8 percent last year
  • Banana Republic Global: positive 7 percent versus positive 1 percent last year
  • Old Navy Global: positive 18 percent versus positive 9 percent last year

First Quarter Comparable Sales Results

Comparable sales by global brand for the first quarter of fiscal year 2014 were as follows:

  • Gap Global: negative 5 percent versus positive 3 percent last year
  • Banana Republic Global: negative 1 percent versus flat last year
  • Old Navy Global: positive 1 percent versus positive 3 percent last year

First Quarter Guidance

The company expects diluted earnings per share for the first quarter of fiscal year 2014 to be in the range of $0.56 to $0.57.

The company expects that for the first quarter of fiscal year 2014, gross margins will decline less than the year-over-year decline in the fourth quarter of fiscal year 2013.  In addition, the company expects first quarter fiscal year 2014 operating expenses to be slightly above last year.

Additional insight into Gap Inc.’s sales performance is available by calling 1-800-GAP-NEWS (1-800-427-6397). International callers may call 706-902-4949. The recording will be available at approximately 1:00 p.m. Pacific Time on May 8, 2014 and available for replay until 1:00 p.m. Pacific Time on May 16, 2014.

First Quarter Earnings

Gap Inc. will release its first quarter earnings results via press release on May 22, 2014 at 1:00 p.m. Pacific Time. In addition, the company will host a summary of Gap Inc.’s first quarter results during a live conference call and webcast on May 22, 2014 from approximately 2:00 p.m. – 2:45 p.m. Pacific Time. During the first, second and third quarters, these calls will be approximately 45 minutes in duration, and the fourth quarter conference call will remain one hour in length.

The conference call can be accessed by calling 1-855-5000-GPS or 1-855-500-0477 (participant passcode: 5007532). International callers may dial 913-643-0954. The webcast can be accessed at www.gapinc.com.

May Sales

The company will report May sales on June 5, 2014.

Forward-Looking Statements
This press release and related sales recording contain forward-looking statements within the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements other than those that are purely historical are forward-looking statements. Words such as “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan,” “project,” and similar expressions also identify forward-looking statements. Forward-looking statements include statements regarding:

  • earnings per share for the first quarter of fiscal year 2014;
  • gross margins for the first quarter of fiscal year 2014;
  • operating expenses for the first quarter of fiscal year 2014; and
  • the impact of the classification of the income related to a credit card program.

Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause the company’s actual results to differ materially from those in the forward-looking statements. These factors include, without limitation, the following:

  • the risk that additional information may arise during the company’s close process or as a result of subsequent events that would require the company to make adjustments to the financial information.

Additional information regarding factors that could cause results to differ can be found in the company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2014, as well as the company’s subsequent filings with the Securities and Exchange Commission.

These forward-looking statements are based on information as of May 8, 2014. The company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands. Fiscal year 2013 net sales were $16.1 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,100 company-operated stores, over 350 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Two-time homerun champ Cecil Fielder to sign autographs on May 9 at the all-new ShopRite of Union

Two-time homerun champ will sign autographs this Friday

Union, NJ, 2014-5-9 — /EPR Retail News/ — Cecil Fielder, a two-time home run king and member of the 1996 World Series-champion New York Yankees, will be signing autographs on Friday, May 9 at the all-new ShopRite of Union from 4 to 6 p.m.

During his prime, Fielder was one of the most feared sluggers in the American League. Fielder hit 319 home runs during his 13 seasons in the big leagues. He hit 51 in 1990 and 44 more in 1991, leading the American League during both of those seasons.

He played for five different Major League teams and had a two-year run with the Yankees.

Fielder will be making his first trip to the ShopRite of Union, which celebrated its grand opening on Sunday, May 4. The 60,000-square-foot store recently hosted a ribbon-cutting ceremony at its new home.

ShopRite of Union is located at 2401D US Highway 22 West in Union, New Jersey.

About ShopRite
ShopRite is the registered trademark of Wakefern Food Corp., a retailer-owned cooperative based in Keasbey, NJ, and the largest supermarket cooperative in the United States. With more than 250 ShopRite supermarkets located throughout New Jersey, New York, Pennsylvania, Connecticut, Delaware and Maryland, ShopRite serves more than six million customers each week. A long-time supporter of key community efforts, ShopRite is dedicated to fighting hunger in the communities it serves. Through its ShopRite Partners In Caring program, ShopRite has donated $33 million to 1,700 worthy charities and food banks since the program began in 1999. As a title sponsor of the LPGA’s ShopRite Classic, ShopRite has raised more than $27 million for local organizations, hospitals and community groups. Progressive Grocer named ShopRite its 2011 Retailer of the Year and Supermarket News awarded ShopRite its 2011 Retail Excellence Award. For more information, please visit http://www.ShopRite.com.

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Morrisons branded personal care and cosmetic products now certified by Cruelty Free International under the Humane Cosmetics Standard

Bradford, England, 2014-5-9 — /EPR Retail News/ — We are pleased to announce that after extensive work across our supply chain all Morrisons branded personal care and cosmetic products are now certified by Cruelty Free International under the Humane Cosmetics Standard. This assures customers that products like our shampoo, toothpaste, deodorant and body scrubs are not tested on animals.

The Humane Cosmetics Standard stipulates that no animal testing is conducted or commissioned for finished products or product ingredients at any stage in manufacture or product development. We will now undergo independent audits to ensure that we remain compliant with the criteria of the Standard.

Morrisons has never tested on animals. However, we know that ethical shoppers recognise the Leaping Bunny as a trusted logo and are pleased to be able to offer this extra endorsement for our products. The Leaping Bunny logo will begin to appear on our products in the summer.

Looking further ahead, our aim is to achieve certification of our household products under the Humane Household Products Standard.

Martyn Jones, Group Corporate Services Director, Morrisons said:

“We have been clear in our opposition to animal testing for many years and I am pleased to announce that after months of work with Cruelty Free International we are now certified under the Humane Cosmetics Standard. This certification builds on our core values and sends a clear message to our customers that we are committed to promoting ethical standards.”

Michelle Thew, Chief Executive, Cruelty Free International stated:

“We are delighted that by joining the Cruelty Free International Leaping Bunny programme Morrisons has shown a real commitment to ensuring that their own brand personal care and cosmetics products are free from animal testing. There is strong public opposition to the cruel use of animals for testing beauty products around the world and we applaud Morrisons for taking action to ensure their customers have a cruelty-free choice in store”

For all media enquiries call
0845 611 5111

Wincor Nixdorf to present at European ATMs 2014 on 3rd-4th June in London

Paderborn, Germany, 2014-5-9 — /EPR Retail News/ —  Today’s customers are demanding and well-informed, and they are used to communicating and requesting services via a variety of different channels. Online and mobile banking services are therefore a must for today´s retail banks. Yet customers expect to be addressed individually even in virtual environments, and they want personal consulting to be available on demand – whether by telephone, in a videochat, or during a visit to the branch around the corner. The branch itself remains a strong and important, yet cost-intensive channel within the retail banking business. Therefore, banks have started to exploit concepts to diversify their branch models with a focus on offering the right services at the right location. In parallel, they aim to improve operational excellence and realize cost efficiencies in the branch channel. But how can modern self-service technology answer the challenges of today´s retail banking? First of all, it covers much more than just cash dispensing: modern self-service is perfectly aligned with the other channels in the bank, it can interact with new technologies, and it is an enabler for efficient branch concepts. Self-service systems are available around the clock. They are critical customer contact points because customers use them willingly and frequently. And they enable a premium customer experience if their potential is fully exploited. At European ATMs 2014 taking place on 3rd-4th June in London, Wincor Nixdorf, one of the world’s leading providers of IT solutions for financial institutions, will show how banks can enhance their offerings efficiently with modern end-to-end solutions.

As part of the exhibition, Wincor Nixdorf is presenting new technologies for the branch concepts of tomorrow. One example is the company’s new tablet-based “smart teller” solution for assisted self-service, which is part of the extensive range of solutions offered by the PC/E software suite. The “smart teller” enables more effective customer consulting and supports the transformation from a transaction-oriented to a sales- and service-oriented branch culture: with it, bank staff can focus primarily on advising customers and selling products, yet assist customers with standard transactions by carrying them out or continuing them on a tablet PC. Wincor Nixdorf is presenting this service experience on a new CINEO C4090, a multifunctional banking terminal that was designed especially as an alternative for traditional front-office workstations. Together with the tablet-based application, it opens up new ways for banks to shape the service experience in their branches.

End-to-end user interface

A functional extension in the software portfolio for ATMs offers banks the option to design a user interface that is consistent across all channels. Moreover, the end user can even customise it at the ATM by changing the size and layout of the controls on the ATM’s touchscreen. Customers who often deposit checks, for instance, can use touch and swipe to set up the menu for this function on their personal start screens, allowing them to move directly to this transaction.

Highly available ATMs for satisfied customers and cost-efficient operation

In addition to offering an easy-to-use self-service portfolio with a wide range of functions, banks can score points with their customers through ATMs that are available around the clock every day of the year. That’s why Wincor Nixdorf will be presenting its ATM management concept in London. The scope of the company’s ATM management service extends from delivery to installation, maintenance, monitoring and operation. Rapid system recovery, preventive maintenance and the deployment of software updates are all possible via remote connection using Wincor Nixdorf’s eServices Platform. All activities follow an automated process that is completely transparent, displayed in real time and summarised in specific reports.

The operations management solution for entire ATM fleets goes even further and includes complete systems management. Here, Wincor Nixdorf optimizes business processes at branches and also controls cash handling and all cash-based transactions.

Within the scope of an IT outsourcing project, Wincor Nixdorf takes on responsibility for decentralised IT at branches as well as for central IT functions such as data centers, servers, networks and workstations. The profitability of such complex environments can be increased significantly by bundling volumes, ensuring transparent service processes and introducing harmonised governance models.

Inter IKEA Group names Mathias Kamprad Chairman of the Board

Luxembourg, 2014-5-9 — /EPR Retail News/ — Mathias Kamprad has been appointed Chairman of the Board of Inter IKEA Holding SA, the holding company of Inter IKEA Group.

Mathias replaces Per Ludvigsson who for some years has been planning to retire as Chairman of Inter IKEA Holding at the age of 70.

Prior to Mathias appointment as Chairman he served as Director of the Board.

“I feel honoured and excited about my new assignment as Chairman of the Board of Inter IKEA Group. I am very much looking forward to working closer with Sören and his team.

It is business as usual with the aim to become a bit better every day. Our main task will always be to ensure a long life for the IKEA Concept by keeping the needs of the many people in mind. As this will require investments in both good and bad times, the group strives to be financially independent.

We have an experienced board team that together covers the needs of all divisions, and for me it is a privilege to be part of that team.

Inter IKEA Group has a good organisation with many really great people, in the divisions as well as on group level. Maintaining a strong culture will continue to be the basis for our journey” says Mathias Kamprad in a comment.

Hans Gydell has been appointed Vice Chairman of the board.

Ingvar Kamprad has found this to be a suitable time for him to leave the board.

“I am happy and proud that Mathias has accepted to become Chairman of the board of Inter IKEA Group after that Per Ludvigsson had decided to retire. Mathias is well prepared for his new assignment. I am also happy that Hans Gydell has accepted to become vice chairman of the board.

I see this as a good time for me to leave the board of Inter IKEA Group. By that we are also taking another step in the generation shift that has been ongoing for some years.

This does however not mean that I will stop working. My passion and engagement for the many people, the IKEA concept, simplicity and cost consciousness is as strong as ever. I will continue share ideas and views. And I will continue to spend time in the stores and in the factories to work with people and help achieve constant improvement. Our journey has just started” says Ingvar Kamprad in a comment.

The changes in the board are part of the generational shift that has been prepared for and ongoing for some years.

CBRE Group, Inc named Most Valuable Employer for Military® for 2014 by CivilianJobs.com

LOS ANGELES, 2014-5-9 — /EPR Retail News/ — CBRE Group, Inc. was named a Most Valuable Employer (MVE) for Military® for 2014 in the annual list compiled by CivilianJobs.com, one of the largest military-focused recruiting firms in the U.S. The MVE award recognizes companies for recruiting, training and retention plans that best serve military service members and veterans.

Among CBRE’s award-winning veteran initiatives is its program that connects hundreds of prospective and newly hired veteran employees with veteran employees of a similar military background or job function.

“At CBRE, helping veterans to build their careers and successfully make the transition to civilian life is an important component of our corporate culture—and being named a Most Valuable Employer for Military is a true testament of these efforts,” said Jennifer Ashley, Senior Vice President, Human Resources, CBRE. “We are proud to have more than 1,000 military veterans and reservists at every level of our organization.”

The 2014 Most Valuable Employers (MVE) for Military was open to all U.S.-based companies. In addition to being recognized in the May issue of Military Transition News, CivilianJobs.com’s worldwide military base newspaper, winning employers will also be displayed on the CivilianJobs.com website.

“There are two groups of winners today. First are the employers who are being recognized as MVEs,” said Sandra (Sandy) Morris, CEO, Bradley-Morris, Inc., parent company of CivilianJobs.com. “They are winning by hiring high-value military-experienced employees who are helping move their respective businesses forward. But military job seekers are also winners. CivilianJobs.com acknowledged a record number of companies as MVEs this year and I am so excited to see the pool of career opportunities expand for veterans.”

About MVE
The CivilianJobs.com Most Valuable Employers (MVE) for Military serves to help military-experienced job seekers identify the top employers to target for civilian careers. MVEs are selected annually based on those employers whose recruiting, training and retention plans best serve military service members and veterans. The MVE recognition is produced by CivilianJobs.com, where America’s military connects with civilian careers. CivilianJobs.com, with parent company Bradley-Morris, Inc. (BMI), the largest military-focused recruiting firm in the U.S., together deliver the largest military-to-civilian footprint available to companies seeking to recruit and hire from the military talent pool. BMI is based in metro-Atlanta, Georgia.

About Military Transition News (MTN)
Published since 2005, Military Transition News is a bi-monthly multi-media publication (print / e-mail / web) featuring practical information for job seekers, including resume and interviewing tips, transition planning and strategy recommendations, company profiles, and advice from transition experts. MTN is distributed to military bases worldwide via military transition classes, through Military Transition Offices (TAP and ACAP), military hospitals, USO centers and email distribution.

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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Robert Mcgrath
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Bill Scott
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