Peter Glusker joins Target as SVP new business integration and operations

MINNEAPOLIS, 2014-5-19 — /EPR Retail News/ — Target Corporation (NYSE: TGT) announced today that Peter Glusker will join Target as senior vice president, new business integration and operations, effective May 19. In this role, Mr. Glusker will lead the integration of new acquisitions into Target and develop strategies that ensure a consistent and great guest experience.

“Over the past year, Target has acquired companies including CHEF’S Catalog, Cooking.com and DermStore, which complement and extend our assortment and content for guests,” said Casey Carl, president of Multichannel, Target. “We’re excited to welcome Peter to Target, where he will focus on unlocking the full value of these and future strategic acquisitions.”

Mr. Glusker joins Target from Gilt Groupe, where he served as vice chairman and CEO of Gilt Groupe Japan. Previous roles at Gilt Groupe included head of business development and international operations. Prior to that, Mr. Glusker held digital media leadership roles with CBS Corporation and Viacom Inc.

“I was drawn to this opportunity because I see a new level of energy coming from Target – from a renewed commitment to speed and innovation to the desire to try things that have never been done before,” said Mr. Glusker. “I’m looking forward to joining this incredible company at such an exciting time in retail.”

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.

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Peter Glusker joins Target as SVP new business integration and operations

Peter Glusker joins Target as SVP new business integration and operations

Price Chopper opens new supermarket at Lake George-Warrensburg N.Y.

Flag Raising, National Anthem and Ribbon Cutting Mark Grand Opening

Schenectady, N.Y., 2014-5-19 — /EPR Retail News/ — On Sunday morning, the American Legion raised the American Flag to the National Anthem performed by Warrensburg High School Band in celebration of the grand opening of the newest Price Chopper Supermarket located at 16 Lake George Plaza Road in Lake George, N.Y.

Price Chopper Executive Chairman of the Board Neil Golub, President and CEO Jerry Golub, Store Manager Bryan LaLone and other company officials were joined by Dennis Dickinson, the town supervisor for the town of Lake George and Kevin Geraghty, the town supervisor for the town of Warrensburg and shoppers for a ribbon-cutting ceremony.

“We are so pleased to offer a brand-new, state-of-the-art supermarket here in the Lake George-Warrensburg area,” said Jerry Golub. “As a homegrown business, we are proud of our small town roots and look forward to providing Price Chopper quality, value and customer service to all who enter our doors. And we appreciate the opportunity to become a valued neighbor by helping to nourish the community around us, both literally and figuratively,” he added.

Twenty-five full-time and 98 part-time jobs were created because of this new 30,500-square-foot Price Chopper located just off Northway Exit 23, between the towns of Lake George and Warrensburg.

Price Chopper’s traditional preview party was held at the store from 4:00 to 5:30 p.m. on Saturday evening and raised monetary donations, matched in full by Price Chopper and by up to $2,500 from the real estate developer, Vanguard-Fine, LLC. The proceeds were divided amongst the evening’s beneficiaries — North Country Ministry, the Warrensburg Volunteer Fire Company and Warrensburg Youth Sports Programs. Attendees were treated to hot and cold buffet stations and an opportunity to enter a drawing for a $250 Price Chopper gift card.

In addition to a quality selection of groceries, including a wide variety of gluten-free and locally produced and manufactured products, other highlights available at the new Lake George-Warrensburg Price Chopper include:

A fresh, self-service Seafood Department, featuring a wide variety of fresh fish and shellfish from around the world that Price Chopper will fry or steam free of charge; seasoned, marinated, stuffed and coated ready-to-cook entrees; and a menu of fried seafood dinners, including Price Chopper’s popular signature fried haddock dinner.

A fresh Meat Department, featuring Certified Angus Beef; all natural pork and Grade A poultry; along with Chiappetti brand All Natural fresh lamb, veal, and Grass Fed Beef in addition to an assortment of marinated, seasoned, stuffed and panko-dredged ready-to-cook entrees and a variety of processed meat products, including local favorites like Hatfield and Bilinski Sausage.

A fresh Produce Department, featuring superior quality fresh fruit and vegetables harvested from regional farms during the Northeast growing season and from farms around the world, including conventional and organic produce, “first of the season” items, specialties and exotics.

Central Market Florist, Price Chopper’s signature floral department and part of the largest custom florist network in the Northeast, offers high quality bouquets, a seasonal selection of fresh cut flower bunches and floral arrangements for any occasion, as well as seasonal outdoor nursery products for gardening and home enhancement needs, blooming and foliage plants, balloons, plant care items and holiday wreaths.

A fresh Bakery Department, offering hand-decorated donuts; a variety of traditional and crusty artisan breads and bagels; a variety of choose-your-own artisan rolls; cakes, cupcakes, pies, muffins, and elegant special occasion desserts.

A fresh Deli Department, featuring a wide variety of sliced-to-order deli meats and cheese, including Price Chopper’s own brand; premium Dietz & Watson cold cuts; fresh home-style and specialty salads with no preservatives added; an assortment of imported, domestic and local cheeses.

Food Service featuring several flavors of Price Chopper’s award-winning, slow-roasted, all-natural rotisserie chicken; Bella Roma pizza, made fresh with hand-stretched dough; subs and sandwiches made fresh on just-baked breads and rolls; hand-breaded fried chicken; and a hot and cold soup bar.

NuVal, the revolutionary nutritional scoring system that gives thousands of fresh and packaged foods a score of 1 to 100-the higher the number, the higher the nutritional value. NuVal scores are found on store signage and in the upper right-hand corner of shelf tags.

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About Price Chopper
Based in Schenectady, NY, the Golub Corporation owns and operates 134 Price Chopper grocery stores in New York, Vermont, Connecticut, Pennsylvania, Massachusetts and New Hampshire. The American owned, family-managed company prides itself on longstanding traditions of innovative food merchandising, leadership in community service, and cooperative employee relations. Golub’s 22,000 teammates collectively own more than 51% of the company’s privately held stock, making it one of the nation’s largest privately held corporations that is predominantly employee-owned. For additional information, visit www.pricechopper.com .

Ray Wirta appointed CBRE Group Chairman Of The Board

Richard Blum Steps Down as Chairman, Continues on the Board Ray Wirta Selected as Next Chairman

​Los Angeles, CA, 2014-5-19 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that Richard (Dick) Blum has stepped down as Chairman of the Board and that Ray Wirta has been selected by the Board to succeed Mr. Blum as Chairman. Mr. Wirta was Vice Chairman of the Board. The succession occurred following the annual shareholders’ meeting on Friday, May 16, 2014, during which all directors were reelected.

Mr. Blum, who has served as CBRE’s Chairman since 2001, will remain a member of the Board of Directors, and through investment partnerships, continues to be a major shareholder.

“This is an opportune time for me to step down after serving 12 years as Chairman. CBRE is in a very strong position, producing record revenues and profits and serving its clients extremely well,” Mr. Blum said. “During my time as Chairman, it was a pleasure to lead a talented Board and work with a highly motivated management team. Ray is highly qualified to lead the Board through its next chapter. He was the Company’s CEO from 1999 to 2005, a time when it took the leading market position globally. I look forward to continue serving on the Board and remaining a major shareholder.”

When Mr. Blum was elected Chairman in 2001, CBRE had about $1.4 billion in total revenue, $115 million of normalized EBITDA and 9,300 employees. In 2013, revenue exceeded $7.2 billion and normalized EBITDA surpassed $1 billion. The Company employs 44,000 people around the world, and is the industry leader, with a culture of ethics and corporate responsibility and a respected global brand.

Mr. Wirta is currently President of the Investment Properties Group at the Irvine Company and Chief Executive Officer of The Koll Company. Both companies are U.S. property owner-operators. Mr. Wirta will remain in those positions while serving as CBRE’s non-Executive Chairman leading the Board’s activities. Mr. Wirta said: “I am proud to succeed Dick as CBRE’s Chairman. The Company is in a great position and has significant opportunities ahead to build on its global leadership and create added value for clients, shareholders and employees.”

“I have tremendous appreciation for the growth and strategic gains CBRE has enjoyed during Dick’s time as Chairman,” said Bob Sulentic, president and chief executive officer of CBRE. “Ray is one of the most accomplished executives in our industry and, like Dick, is a strong strategic thinker. I look forward to continuing to work with both of them and the rest of the Board as we execute our growth strategy and further strengthen CBRE’s premier market position.”

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.

For Further Information:

Steve Iaco
Director, Sr. Managing
T +1 212 9846535
email

SM Investments Corporation sponsors the 23rd World Economic Forum on East Asia from May 21 to 23, 2014 in Manila

Pasay City, Philippines, 2014-5-19 — /EPR Retail News/ — Philippine conglomerate SM Investments Corporation is a partner of the 23rd World Economic Forum on East Asia (WEF-EA) to be held from May 21 to 23, 2014 in Manila.

Headquartered in Geneva, WEF is a private-led international institution that aims to improve the state of the world through public-private cooperation in the spirit of global citizenship.

This is the first time that the Philippines will host the regional forum for East Asia. WEF cited the Philippines as “writing one of the greatest economic comeback stories in recent years”. The Philippines is poised to be the strongest performing Southeast Asian economy in 2014, with GDP growth projected to surpass 6.5%.

“The Philippines continues to provide great opportunities for investments. We have been committed investors in the country for over five decades. The WEF will further highlight the opportunities that the emerging Philippines offers. We look forward to the discussions which will uncover more opportunities in the region,” SM Vice Chairperson Teresita Sy-Coson said.

The WEF event will serve as an ideal platform for participants to deliberate the opportunities of the ASEAN Economic Community to promote greater inclusion across East Asia and to instil more resilient decision-making in the face of unpredictable economic and natural disruptions.

WEF noted that ASEAN is one of the fastest-growing regional economies in the world, and is one year away from launching the ASEAN Economic Community, a common market which will comprise 600 million people and have a combined GDP of nearly US$ 2 trillion. It further noted that fresh demand in Europe and the United States, along with recently concluded trade agreements, are expected to boost production and consumption in East Asia. Almost all of the 10 ASEAN economies are expecting growth above 5% in 2014.

In parallel with the WEF regional meeting, SM and BDO Unibank, Inc. are also joint gold sponsors in the 10th ASEAN Finance Ministers’ Investors Seminar (AFMIS), a key gathering hosted by the Philippine government on May 20, 2014. This year, the AFMIS aims to tackle ASEAN’s growth prospects, the ongoing initiatives of the ASEAN Finance Process to the ASEAN Economic Community, and the milestones and investment opportunities for individual economies and various country sectors. The AFMIS is held yearly since 2004 to promote ASEAN as an investment destination.

SM for its part is strongly committed to the Philippines, having established a foothold in the retail, property and banking businesses for over 50 years. The company continues to invest heavily in these sectors while it hones other investments to achieve sustainable growth and support the country’s development footprint.

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For further information, please contact:

Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
E-mail: cora.guidote@sminvestments.com
Tel. No. 857-0117

GOME Electrical Appliances Holding Limited announced its unaudited results for the three months ended 31 March 2014

  • Net profit up 252.6% Key Momentum Stems from Management Focus, Omni Channel Strategy and Supply Chain
  • Service Upgrade Achieved in 200 Cities to Provide 3 Deliveries/Day, Precise Delivery & Installation with Delivery

Hong Kong, 2014-5-19 — /EPR Retail News/ — GOME Electrical Appliances Holding Limited (HKSE: 493, “GOME” or “The Company”, together with its subsidiaries, “The Group”) today announced the Group’s unaudited results for the three months ended 31 March 2014 (“the reporting period”).

Initial Success under Management Focus, Omni Channel Strategy and Supply Chain Guided by the GOME “O2M Omni-Channel Retailer” strategy, for the first three months of 2014, the Group continued to focus on China’s home appliances market and recorded sales revenue of RMB 13.351 billion, up 8.2% year-on-year. Riding on its advantage in exclusive differentiated products, consolidated gross profit margin rose to 18.2%, up 0.6 of a percentage point year-on-year. Meanwhile, the cost-efficiency supply chain helped to lower the operating expenses ratio by 0.7 of a percentage points to 16.4%. For the first quarter of 2014, the Group recorded net profit of RMB 268 million, representing a significant increase of 252.6% year-on-year, with a net profit margin of 2.0%, up 1.4 percentage points year-on-year.

During the reporting period, the Group sustained profitability growth. Same store sales, sales revenue per square meter and other indicators all achieved year-on-year increases, including an increase in same store sales of 8.1% year-on-year.

Full Integration of Procurement, Logistics and Online IT Platforms On the e-commerce front, leveraging the full integration of supply chain value platforms that include strong procurement, logistics and IT, etc., the recognition and customer satisfaction of the Group’s online channel continued to improve with GMV and UV growing at 40% and 45% year-on-year, respectively. The consolidated gross profit margin of the e-commerce business rose to 7.2%, up 1.1 percentage points as compared to the end of last year. Moving forward, the Group will rapidly develop its NVNO client base and its cooperation with social network platforms, and will continue to provide a comprehensive customer experience.

Service Upgrade Achieved in 200 Cities to Provide “3 Deliveries/Day, Precise Delivery, and Installation with Delivery”

During the reporting period, riding on its low-cost high-efficiency supply chain advantages, with strengths in procurement, logistics and IT, the Group established three industry service benchmarks that include low prices, logistics and IT. The Group expects to realize the highest standard in logistics service in the industry – “3 Deliveries/Day; Precise Delivery; Installation with Delivery” – in 200 cities in China by the end of 2014 and to gradually expand its presence to more than 400 cities, building nationwide coverage with a personalized service system which will ultimately enhance the customer experience.

GOME’s service updates are supported by four infrastructure facilities – (1) a leading national distribution network with 428 logistics warehouses ; (2) a customer service system supported by comprehensive SAP information technology; (3) a comprehensive assessment system with ample data processing capabilities; (4) a 1,588-store network of distribution points to achieve seamless online and offline logistics, further enhancing the customer experience.

Mr. Wang Junzhou, CEO of GOME, said, “Our open supply chain is a solid foundation that supports the grand blueprint of ‘building another GOME’. The remarkable performance achieved in the first quarter of 2014 has strengthened the Group’s confidence in fully implementing its ‘O2M Omni-Channel Retailer’ strategy. Under the leadership of the Board and the management, we believe that GOME will seize opportunities in the mobile Internet era. GOME will set three benchmarks in the home appliance retail industry, provide customers with comprehensive services of the highest standards. We will gradually become China’s largest and most professional Omni-Channel Retailer, and will generate maximum
returns for shareholders and consumers.”

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About GOME Electrical Appliances Holding Limited
GOME Electrical Appliances Holding Limited was listed on The Hong Kong Stock Exchange in July 2004 (HKSE: 00493). The GOME Group was founded in China in 1987 and is engaged in the electrical appliances and consumer electronics retail business in China. It is the largest electrical appliances and consumer electronics retail chain and the largest overall retail chain enterprise in China.

Please visit our website for more information: www.gome.com.hk.

For further enquiries, please contact:

Hong Kong

Hill+Knowlton Strategies Asia
Samantha Wang
Tel: (852) 2894 6266 / 9418 0271
Email: samantha.wang@hkstrategies.com

Candy Chan
Tel: (852) 2894 6246 / 9715 8681
Email: candy.chan@hkstrategies.com

Beijing

Helen Song
Tel: 86-10-59288815
Email: songjie6@gome.com.cn

The Defense Commissary Agency to unveil “Your Healthy Lifestyle Festival” June 6 through July 6 at 236 installations worldwide

FORT LEE, Va., 2014-5-19 — /EPR Retail News/ — The Defense Commissary Agency will unveil the Your Healthy Lifestyle Festival June 6 through July 6 at 236 installations worldwide.

This inaugural event will allow patrons to see discounted prices on produce at commissary farmers markets, savings on workout equipment at exchanges, and fitness events hosted by base morale, welfare and recreation activities.

With the theme “Shop Healthy! Eat Healthy! Be Healthy!,” the festival reinforces the health and wellness goals of the military community.

The festival combines commissary farmers markets, exchange sidewalk sales, MWR fitness events, demos, music, free nutritious food samples, prize giveaways, discount coupon offers, health and wellness information, and children’s programs.

It’s no coincidence that health and wellness is a dominant theme, especially as the Department of Defense continues to roll out its Healthy Base Initiative. HBI is a project of DOD’s Operation Live Well, an initiative to boost the nutrition and fitness of service members, retirees, their families and military civilians.

For DeCA, the Lifestyle Festival also gives the agency an opportunity to showcase its worldwide farmers market program, an event that has offered plenty of tasty fruits and vegetables for the past three years.

There will be a few locations that conduct their festivals as early as the middle of May in order to accommodate existing calendar conflicts. An overall schedule listing installations and dates can be found here on DeCA’s website. You should also check your store’s Web page for more information on farmers market dates and other scheduled events. You can also contact your local installation media for specific festival event schedules.

About DeCA: The Defense Commissary Agency operates a worldwide chain of commissaries providing groceries to military personnel, retirees and their families in a safe and secure shopping environment. Authorized patrons purchase items at cost plus a 5–percent surcharge, which covers the costs of building new commissaries and modernizing existing ones. Shoppers save an average of more than 30 percent on their purchases compared to commercial prices – savings amounting to thousands of dollars annually. A core military family support element, and a valued part of military pay and benefits, commissaries contribute to family readiness, enhance the quality of life for America’s military and their families, and help recruit and retain the best and brightest men and women to serve their country.

Media Contact:
Kevin L. Robinson
(804) 734-8000, Ext. 4-8773
kevin.robinson@deca.mil