Tesco starts online grocery home delivery service in Shetland

  • Customers welcome savings in time and petrol
  • New service creates 30 new jobs
  • Click & Collect to launch on June 4

Cheshunt, England, 2014-5-30 — /EPR Retail News/ — Tesco reached a major milestone in the history of its online grocery home delivery service this week by taking shopping ordered on the net to customers in Shetland for the first time.

The new service is operated out of Tesco’s store in Lerwick which has recently been especially extended.

The first customer to receive their shopping straight to their door, delivered by one of three new specially adapted Mercedes vans was Alison Smedley of Hillswick.

Alison said:

“When I found out online grocery home delivery was coming to Shetland, I was very excited as I realised how much time and money I would save. I think it’s a fantastic service

“Driving to Lerwick and back takes me at least two hours and I end up having to spend the day in town, I’m also saving  on the petrol it takes to make the trip.

“It’s brilliant timing for me as I have a new baby on the way in the next few weeks. “

The new service gives me the opportunity to spend more time with  my family to do the things we enjoy doing together.”

Another customer, Kelly Tait from Clousta said:

“I’m delighted, it’s given me more time to be a mammy. There’s nothing worse than dragging bairns around Tesco. This will save me time and money and I can get what I need. The guys who delivered were super. I can’t fault it.”

Shetland’s Grocery Home Delivery and  Click &Collect (which starts on June 4) are also great news as 30 full and part-time positions have been created as part of the scheme.  Alan Woodworth, one of the new Customer Delivery Assistants said:

“ It’s going really well so far and our customers seem very pleased with the new service we’re providing. I’ve managed to have a bit of a laugh and there have been lots of “thank-yous” between customers and colleagues.  I’m enjoying going out and about around Shetland”

Lerwick Tesco store manager Paul Clelland accompanied the first deliveries. He said:

“The feedback from customers has been amazing – we know that this service has been hugely anticipated and that’s why I’m so pleased that it has got underway.

“Getting to speak to our first customers on the doorstep has been a  wonderful experience. You realise what it means to them and we’re glad to be making things that little bit easier.”

“We’re also really pleased to welcome new colleagues to our  team. Having completed their training, our drivers are keen to get out into the community to deliver customers’ shopping and to start making things just that bit more convenient for them.”

Background

To find out more and book a grocery delivery slot go to Tesco.com.

You can see pictures from our first deliveries at facebook.com/TescoLerwick.

Slots for delivery in Lerwick, Scalloway, Burra and the South Mainland are available seven days a week, North Mainland and Muckle Roe 4 days a week, and the West and Central Mainland four days a week.

The vans will travel from our store in Lerwick as far as Sandvoe and Isbister in the north, to Virkie and Sumburgh in the south, and to Walls and Sandness in the west. The service is expected to be extended later this year to include deliveries to the outer isles.

For more information please contact Richard Holligan on:
07834 620767

We are a team of over 500,000 people in 12 markets dedicated to providing the most compelling offer to our customers.

Tesco forms Joint Venture with China Resources Enterprise Limited to create the leading multi-format retailer in China

Cheshunt, England, 2014-5-30 — /EPR Retail News/ — Following its previous announcement and subsequent confirmation of the satisfaction of all conditions, Tesco has completed the formation of a Joint Venture with China Resources Enterprise, Limited (“CRE”) to create the leading multi-format retailer in China (the “Joint Venture” or “JV”).

The JV combines Tesco’s best-in-class retail practices, international sourcing and multichannel capabilities with CRE’s strong local knowledge and brand, to create a business which is the largest food retailer in China.

Philip Clarke, CEO of Tesco:
“We’re very pleased to have completed this historic agreement. The partnership creates a strong platform in one of the world’s largest markets. We can now combine our strengths to build a profitable multichannel business, offering our customers in China the best of modern retail.”

Hong Jie, CEO of CRE:
“We are very excited about the completion of this agreement; it also marks a major milestone for our business development. We believe that this partnership is one that combines the strength of both parties and enables the JV to become the leading multi-format retailer in Greater China, through improved operations, better growth and enhanced profitability.”

Notes to Editors:

  • There have been no material changes to the terms of the investment agreement as previously advised in the circular of CRE dated 25 February 2014.
  • The Anti-Monopoly Bureau of the Chinese Ministry of Commerce (MOFCOM) approved unconditionally the transactions contemplated by the investment agreement on 12 May 2014.

Ends

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

We are a team of over 500,000 people in 12 markets dedicated to providing the most compelling offer to our customers.

Sainsbury’s opened its 200th convenience store in Shepherd’s Bush Road in Hammersmith London

LONDON, 2014-5-30 — /EPR Retail News/ — Sainsbury’s opened its 200th convenience store in London today, creating 25 local jobs. Shepherd’s Bush Road Local in Hammersmith represents 16 years of continuous growth since Sainsbury’s opened its first convenience store, also in Hammersmith, in 1998.

Over 6,000 people are employed in Sainsbury’s convenience stores across Greater London, and the retailer recently opened a new convenience training centre in London to train 200 new managers and 500 team leaders.

The store was opened by the Bush Family Project and Children’s Centre and offers a broad range of convenience goods for local residents looking to top-up their main food shop.

Simon Twigger, Sainsbury’s Director of Convenience, said: “We’re delighted to open our 200th store in London. We know that people want to shop locally and frequently, and that is why our stores are conveniently located in the places that people want and need them.

“We have a strong presence in London – it’s where our convenience business started, and our Local stores are going from strength to strength. Not only do they provide choice for local people, but they boost the local economy, providing jobs and attracting extra footfall.”

New store manager Yash Desai said: “I am really looking forward to opening our new Hammersmith shop and welcoming customers for the first time. I have a great team in place and our aim is to provide a fresh range of products, excellent customer service and to be part of the local thriving business community.”

Sainsbury’s Locals now account for 27% of the UK’s convenience market growth, with sales of over £1.5 billion and year-on-year growth of nearly 20%. The company is currently opening about two convenience stores every week and has over 630 convenience stores nationwide.

Over five million customers shop in Sainsbury’s Locals each week, and in September, Sainsbury’s was named Convenience Retailer of The Year for the third year running at the Retail Industry Awards.

Sainsbury’s is accelerating the expansion of its convenience store business in London and the South East with plans to open 50 new stores by early 2014. This will create over 1,000 local jobs.

Notes to editors

  • The shop is at 48/50 Shepherds Bush Road, London, W6 7PH
  • The new Hammersmith Sainsbury’s has chosen Shepherd’s Bush Family Project and Children’s Centre as its Local Charity partner. It helps families who are homeless or have other unmet housing needs and suffer social and economic hardship in Shepherds Bush and the Borough of Hammersmith & Fulham

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Sainsbury’s opened its 200th convenience store in Shepherd’s Bush Road in Hammersmith London

Sainsbury’s opened its 200th convenience store in Shepherd’s Bush Road in Hammersmith London

Belk, Inc. announces operating results for fiscal first quarter ended May 3, 2014

  • Online sales grow 42 percent
  • Company repurchases $94.3 million in stock

CHARLOTTE, N.C., 2014-5-30 — /EPR Retail News/ — Belk, Inc., the nation’s largest family owned and operated fashion department store company, today announced operating results for its fiscal first quarter ended May 3, 2014.

Tim Belk, chairman and chief executive officer of Belk, Inc., said, “First quarter sales comparisons were challenging due to our large increases last year and the soft selling environment this year.  We did, however, manage to retain most of last year’s gains while experiencing continued growth in our online business.  Although the investments we are making in the Company will continue to impact our short term profitability, we are building a solid foundation for long term growth and success.  We recently increased our regular dividend and completed a stock repurchase to reflect our commitment to drive strong returns for our shareholders.”

Net Sales

Net sales for the 13-week period were $955.1 million compared to $955.8 in the prior-year period. On a comparable store basis, net sales decreased 0.2 percent. Juniors, women’s contemporary and better merchandise categories in general performed well during the quarter.

The company’s online sales from belk.com increased 42.4 percent for the period. Online sales positively affected the company’s comparable store sales by 1.8 percent for the period.

Net Income

First quarter net income totaled $19.3 million compared to $28.2 million in the prior-year period. The decrease was primarily the result of higher expenses associated with the company’s investments in strategic initiatives during the period. Net income excluding non-comparable items totaled $19.4 million compared to $28.4 million in the prior year period. A reconciliation of net income to net income excluding non-comparable items is provided at the end of this release. (See attached PDF file.)

Belk, Inc. Stock Self Tender Offer Results Announced

On March 26, 2014, Belk’s Board of Directors approved a self-tender offer to purchase shares of the company’s common stock at a price of $48.10 per share. The tender offer was initiated on April 24, 2014, and on May 21, 2014, Belk accepted for purchase 1,961,011 shares of common stock for approximately $94.3 million.

New Stores, Store Expansions and Remodels

During the first quarter, the company replaced its former store in High Point, N.C. with a new fashion store at The Palladium at Deep River Shopping Center on March 12, and opened its first Texas flagship store at Galleria Dallas in Dallas, Texas, on April 9. Another new flagship store is scheduled to open in fall 2014 at Bridge Street Town Centre in Huntsville, Ala., along with a new store at Denham Springs/Livingston Parish, La.  Other flagship store expansion and remodeling projects set for completion this fall include Greensboro, N.C. (Friendly Center), Mt. Pleasant, S.C. (phase 2 main store remodel) and Hoover, Ala. (Riverchase Galleria). Belk has also announced the openings of two new stores in 2015 in Bristol, Tenn. (The Pinnacle) and Jacksonville, Fla. (Marketplace at the Fountains), along with a major expansion and remodel of its flagship store in Columbia, S.C. (Columbiana Centre).

Private Brand Launches

Belk recently launched CYNTHIA Cynthia Rowley for the home, an exclusive collection of home fashion merchandise in 70 Belk locations and on belk.com that includes fine linens, bedding, tabletop, decorative pillows and other home décor items.

Marketing Partnership Announced

Belk recently announced a six-year sponsorship agreement with the Southeastern Conference and the SEC Network, a new multiplatform national network devoted to the conference and operated by ESPN. Belk will be the official retail department store of the SEC, giving the company exclusive access to all SEC championship events, including the SEC FanFare events held in conjunction with the SEC Football Championship Game and Men’s Basketball Tournament. The agreement also gives Belk prime exposure on the forthcoming SEC Network, which will launch August 14, 2014 from the ESPN studios in Charlotte, N.C.

Belk Donates to American Red Cross for Tornado and Storm Relief Efforts in Southern U.S.

Belk contributed $100,000 to the American Red Cross to aid victims of the recent tornadoes and storms that affected communities throughout the southern U.S.  The company is also working with local American Red Cross chapters in its market area to provide store discounts to those impacted by the storm.

Investments in Strategic Initiatives

Belk has planned investments totaling more than $700 million over a three-year period that began in fiscal 2014 for key strategic initiatives focused on:

  • A comprehensive Omnichannel initiative that will enable Belk to connect seamlessly with customers regardless of where they are, offer multiple ways to provide what they want, enhance their in-store shopping experience, and create more personalized customer interactions;
  • Creating compelling shopping environments and driving sales by investing in a flagship strategy, opening stores in existing and new markets, and expanding and remodeling existing stores and key merchandise departments;
  • Supply chain initiatives that align distribution capabilities to maximize sales and service;
  • Information technology that delivers new business capabilities for growth and profitability; and
  • Excelling in customer service.

About Belk, Inc. 
Charlotte, N.C.-based Belk, Inc. (www.belk.com) is the nation’s largest family owned and operated department store company with 299 Belk stores located in 16 Southern states and a growing digital presence.  Its belk.com website offers a wide assortment of national brands and private label fashion apparel, shoes and accessories for the entire family along with top name cosmetics, a wedding registry and a large selection of quality merchandise for the home. Founded in 1888 by William Henry Belk in Monroe, N.C., the company is in the third generation of Belk family leadership and has been committed to community involvement since its inception. In the fiscal year ended Feb. 1, 2014, the company and its associates, customers and vendors donated more than $20.9 million to communities within Belk market areas.

Belk offers many ways to connect via digital and social media, including Facebook, Pinterest, Twitter, YouTube, Google Plus and Belk Blog, and provides exclusive offers, fashion updates, sales notifications and coupons via email or mobile phone text messages. Customers can also download the latest Belk mobile apps for the iPad, iPhone or Android.

NOTES:

To provide clarity in measuring Belk’s financial performance, Belk supplements the reporting of its consolidated financial information under generally accepted accounting principles (GAAP) with the non-GAAP financial measure of “net income excluding non-comparable items.” Belk believes that “net income excluding non-comparable items” is a financial measure that emphasizes the Company’s core ongoing operations and enables investors to focus on period-over-period operating performance. It is among the primary indicators Belk uses in planning and operating the business and forecasting future periods, and Belk believes this measure is an important indicator of recurring operations because it excludes items that may not be indicative of or are unrelated to core operating results. Belk also excludes such items when evaluating company performance in connection with its incentive compensation plans. In addition, this measure provides a better baseline for modeling future earnings expectations and makes it easier to compare Belk’s results with other companies that operate in the same industry. Net income is the most directly comparable GAAP measure. The non-GAAP measure of “net income excluding non-comparable items” should not be considered in isolation or as a substitute for GAAP net income.

Certain statements made in this news release, and other written or oral statements made by or on behalf of the Company, may constitute forward-looking statements. Statements regarding future events and developments and the Company’s future performance, as well as our expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “intend,” “project,” “expect,” “anticipate,” “believe,” “estimate,” “continue” or other similar words.

Forward-looking statements include information concerning possible or assumed future results from merchandising, marketing and advertising in our stores and through the Internet, general economic conditions, and our ability to be competitive in the retail industry, our ability to execute profitability and efficiency strategies, our ability to execute growth strategies, anticipated benefits from our strategic initiatives to strengthen our merchandising and planning organizations, anticipated benefits from our belk.com website and our eCommerce fulfillment center, the expected benefits of new systems and technology, and the anticipated benefits under our Program Agreement with GE Capital Retail Bank (“GECRB”). These forward-looking statements are subject to certain risks and uncertainties that may cause our actual results to differ significantly from the results we discuss in such forward-looking statements.

We believe that these forward-looking statements are reasonable. However, you should not place undue reliance on such statements. Any such forward-looking statements are qualified by the following important risk factors and other risks which may be disclosed from time to time in our filings that could cause actual results to differ materially from those predicted by the forward-looking statements. Forward-looking statements relate to the date initially made.

Risks and uncertainties that might cause our results to differ from those we project in our forward-looking statements include, but are not limited to:

• Economic, political and business conditions, nationally and in our market areas, including rates of economic growth, interest rates, inflation or deflation, consumer credit availability, levels of consumer debt and bankruptcies, tax rates and policy, unemployment trends, a health pandemic, catastrophic events, potential acts of terrorism and threats of such acts and other matters that influence consumer confidence and spending;

• Our ability to anticipate the demands of our customers for a wide variety of merchandise and services, including our predictions about the merchandise mix, quality, style, service, convenience and credit availability of our customers;

• Unseasonable and extreme weather conditions in our market areas;

• Seasonal fluctuations in quarterly net income due to the significant portion of our revenues generated during the holiday season in the fourth fiscal quarter and the significant amount of inventory we carry during that time;

• Competition from other department and specialty stores and other retailers, including luxury goods retailers, general merchandise stores, Internet retailers, mail order retailers and off-price and discount stores, in the areas of price, merchandise mix, quality, style, service, convenience, credit availability and advertising;

• Any significant damage to our brand or reputation which could negatively impact sales, diminish customer trust and generate negative sentiment;

• Our ability to prevent a security breach that results in the unauthorized disclosure of Company, employee or customer information;

• Loss of key management or qualified employees or an inability to attract, retain and motivate additional highly skilled employees;

• Our ability to successfully implement our new information technology platform that will impact our primary merchandising, planning and core financial process;

• Our ability to manage multiple significant change initiatives simultaneously;

• Our ability to effectively use advertising, marketing and promotional campaigns to generate high customer traffic in our stores and through online sales;

• Variations in the amount of vendor allowances received;

• Our ability to successfully operate our website, and our fulfillment facilities and manage our social community engagement by providing a broader range of our information online, including current sales promotions and special events;

• Our ability to successfully develop and maintain a relevant and reliable Omnichannel experience for our customers;

• Our ability to find qualified vendors from which to source our merchandise and our ability to access products in a timely and efficient manner from a wide variety of domestic and international vendors; and to deliver in a timely and cost-efficient manner;

• Increases in the price of merchandise, raw materials, fuel and labor or their reduced availability;

• The income we receive from, and the timing of receipt of, payments from GECRB, the operator of our private label credit card business, which depends upon the amount of purchases made through the proprietary credit cards, changes in customers’ credit card use, and GECRB’s ability to extend credit to our customers;

• Our ability to manage our expense structure;

• Our ability to continue to open new stores, or to remodel or expand existing stores, including the availability of existing retail stores or store sites on acceptable terms and our ability to successfully execute our retailing concept in new markets and geographic regions;

• Our ability to manage risks associated with owning and leasing real estate;

• The efficient and effective operation of our distribution network, and information systems to manage sales, distribution, merchandise planning and allocation functions;

• The effectiveness of third parties in managing our outsourced business;

• Changes in federal, state or local laws and regulations; and

• Our ability to comply with debt covenants, which could adversely affect our capital resources, financial condition and liquidity.

For a detailed description of the risks and uncertainties that might cause our results to differ from those we project in our forward-looking statements, we refer you to the section captioned “Risk Factors” in our annual report on Form 10-K for the fiscal year ended February 1, 2014 that we filed with the SEC on April 15, 2014. Our other filings with the SEC may contain additional information concerning the risks and uncertainties listed above, and other factors you may wish to consider. Upon request, we will provide copies of these filings to you free of charge.

Our forward-looking statements are based on current expectations and speak only as of the date of such statements.

For further information: Ralph Pitts, Belk, Inc., 704-426-8402, ralph_pitts@belk.com

IKEA in Merriam to install largest rooftop solar array in Kansas before the store’s opening in Fall 2014

MERRIAM, KS, 2014-5-30 — /EPR Retail News/ — IKEA, the world’s leading home furnishings retailer, today announced solar energy plans for its Kansas City-area store opening Fall 2014 in Merriam, KS. Pending permits, rooftop panel installation will begin next month, with completion before the store’s opening, making the project the largest rooftop solar array in the State of Kansas.

The 92,000-square-foot solar array will consist of a 869.25-kW system, built with 2,850 panels, and will produce approximately 1,348,000 kWh of electricity annually for the store, the equivalent to reducing 930 tons of carbon dioxide (CO2) – equal to the emissions of 196 cars or providing electricity for 128 homes yearly (calculating clean energy equivalents at www.epa.gov/cleanenergy/energy-resources/calculator.html). For the development, design and installation of IKEA Merriam’s customized solar power system, IKEA contracted with Chicago-based SoCore Energy, one of the largest commercial solar developers in the Midwest, with more than 100 commercial-scale U.S. installations.

Under construction on 19 acres along the eastern side of Interstate-35 and Johnson Drive, the 359,000 square-foot future IKEA Merriam and 1,200 parking spaces will be built in the city of Merriam, eight miles southwest of Kansas City, Missouri. IKEA Merriam will be the second U.S. store for IKEA with a geothermal component to its heating and cooling system. (Denver-area IKEA Centennial opened with geothermal in 2011.) Incorporating geothermal and solar will significantly reduce the energy IKEA Merriam will draw from the power grid.

“We are excited about furthering our sustainability commitment with solar panels on the future Merriam store,” said Rob Parsons, IKEA Merriam store manager. “As is the case with geothermal, solar energy will reduce greatly the new store’s energy needs and carbon footprint as well as contribute to our vision of creating a better everyday life for the many.”

This installation will represent the 41st solar project for IKEA in the U.S, contributing to the IKEA solar presence atop nearly 90% of its U.S. locations, with a total generation goal of 40 MW. IKEA owns and operates each of its solar PV energy systems atop its buildings – as opposed to a solar lease or PPA (power purchase agreement) – and globally has allocated $1.8 billion to invest in renewable energy through 2015, reinforcing its confidence and investment in solar photovoltaic technology. Consistent with the goal of being energy independent by 2020, IKEA has installed more than 550,000 solar panels on buildings across the world and owns approximately 157 wind turbines in Europe and Canada, with 49 more being built in the U.S.

IKEA, drawing from its Swedish heritage and respect of nature, believes it can be a good business while doing good business and aims to minimize impacts on the environment. Globally, IKEA evaluates locations regularly for conservation opportunities, integrates innovative materials into product design, works to maintain sustainable resources, and flatpacks goods for efficient distribution. Specific U.S. sustainable efforts include: recycling waste material; incorporating environmental measures into the actual buildings with energy-efficient HVAC and lighting systems, recycled construction materials, skylights in warehouse areas, and water-conserving restrooms; and operationally, eliminating plastic bags from the check-out process, phasing-out the sale of incandescent light bulbs, facilitating recycling of customers’ compact fluorescent bulbs, and by 2016 selling only L.E.D. bulbs. IKEA also has installed electric vehicle charging stations at 13 stores, with roll-out planned for more locations.

Since its 1943 founding in Sweden, IKEA has offered home furnishings of good design and function at low prices so the majority of people can afford them. There are currently more than 350 IKEA stores in 44 countries, including 38 in the U.S. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information, see IKEA-USA.com, @IKEAUSANews, @DesignByIKEA or IKEAUSA onFacebook, Youtube, Instagram and Pinterest.

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Sigma: Amcal Pharmacy honored with Canstar Blue Most Satisfied Customers Award – Pharmacy for 2014

Victoria, Australia, 2014-5-30 — /EPR Retail News/ — Amcal Pharmacy has won the prestigious Canstar Blue Most Satisfied Customers Award – Pharmacy for 2014, ahead of other well-known pharmacy brands.

“We are extremely pleased to receive the Canstar Blue award on behalf of our Amcal pharmacies this year. Amcal pharmacists pride themselves on providing expert advice for all Australians, and have consistently featured high in ratings, so to receive this award from our customers this year is great recognition”, said Mark Hooper, Sigma Chief Executive Officer.

Amcal achieved the highest five star rating in five categories including overall customer satisfaction, service satisfaction, availability, availability of health management programs, and the provision of advice. Amcal also achieved four stars for value for money, range of health related products, and the range of beauty related products.

“It is great for Amcal to win the Canstar Blue most satisfied customers award again, they are obviously meeting the needs of their customers,” said Megan Doyle, Canstar Blue Business Unit Leader & Group Strategy Manager

“To achieve such consistently high ratings across all categories, but in particular relating to health management programs, validates our strategy of introducing structured professional services in Amcal pharmacies to assist Australian’s to better manage their health and wellbeing, said Mr Hooper.”

Amcal’s win this year follows two years of success in this award for our other pharmacy brand, Guardian, with Guardian again featuring high in customer satisfaction ratings.

“Pharmacy is the third pillar of the healthcare system, so Sigma is proud to have both Amcal and Guardian being held in such high regard for leading the way in the future of pharmacy.”

For more information please contact:

Gary Woodford
Manager Corporate Affairs
Sigma Pharmaceuticals Limited
Mob: 0417 399 204

Canada: Sherwood Co-op opens new store in Regina

Regina, Canada, 2014-5-30 — /EPR Retail News/ — Sherwood Co-op’s new south Albert Street location was one of the last stores of 14 purchased from Sobey’s Inc to make the transition when it opened May 23.

Like many of the other stores, a lot changed in the 36 hours the store was closed: painting, new checkouts, aisle markers and Co-op products. But there is also more in store in the coming weeks and months.

“We also appreciate that our customers deserve to shop in clean, modern facilities and as a result we will continue to develop and focus on our infrastructure,” General Manager Troy Verboom said in a message to members. “…we are very excited to be able to provide another Food Store in Regina. We are really looking forward to the current Safeway employees joining our Sherwood Co-op Team.”

Thank you to all Co-op members and shoppers for your patience during this period. Together, we are building a different shopping experience for you and the community. These are your stores; you’re at home here.

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Canada: Sherwood Co-op opens new store in Regina

Canada: Sherwood Co-op opens new store in Regina

General Growth Properties, Inc. released its 2014 Sustainability Report

Chicago, Illinois, 2014-5-30 — /EPR Retail News/ — General Growth Properties, Inc. (“GGP”) (NYSE: GGP) today released its 2014 Sustainability Report. The report covers many of GGP’s significant achievements in Sustainability during the pastcalendar year and details GGP’s integrated approach to environmental and social responsibility.

Click here for the 2014 GGP Sustainability Report.

Highlights of the 2014 GGP Sustainability Report include:

  • Adopting the Global Reporting Initiative (GRI) standard reporting format, which ensures we measure anddocument our achievements in a manner consistent with global best practices.
  • Reporting greenhouse gas emissions for the first time, creating a baseline for future performance.
  • Completing our first LEED Certified project at The Mall in Columbia (Maryland), which includes theinstallation of a 6,000 gallon cistern that collects rainwater that is reused to irrigate mall landscaping.
  • Installing solar power systems at four properties in New Jersey, which resulted in saving more than 5.5million kilowatt hours in 2013.
  • Retrofitting of lighting at numerous properties across our portfolio, which is estimated to save more than 7.5million kilowatt hours per year.

The Report reinforces GGP’s commitment to the reporting principles of transparency and accountability by sharing details of our performance that affect our Communities, Retailers, Employees, Consumers and Shareholders (CRECS).

ABOUT GGP
GGP is an S&P 500 company focused exclusively on owning, managing, leasing, and developing high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

CONTACTS:

INVESTORS
Kevin Berry
(312) 960-5529

MEDIA
David Keating
(312) 960-6325

Gap Inc’s Growth, Innovation and Digital division president Art Peck to present at Goldman Sachs’ Fifth Annual dotCommerce Day on June 4, 2014

SAN FRANCISCO, 2014-5-30 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today announced that Art Peck, president of the company’s Growth, Innovation and Digital division, will address investors at Goldman Sachs’ Fifth Annual dotCommerce Day in New York City on June 4, 2014.

A live webcast of the presentation will be accessible from www.gapinc.com (follow the Investors, Financial News and Events, Webcast links) beginning at approximately 10:30 a.m. ET on June 4, 2014. An archive of the webcast presentation will be available for 90 days.

Forward-Looking Statements

This investor day conference and related webcast may 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. Forward-looking statements may include statements regarding financial and operational benefits resulting from the company’s planned investments in digital, omni-channel, and personalization capabilities. Words such as “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan,” “project,” and similar expressions also identify forward-looking statements.

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 changes in global economic conditions or consumer spending patterns could adversely impact our results of operations;
  • the highly competitive nature of our business in the United States and internationally;
  • the risk that the failure to attract and retain key personnel could have an adverse impact on our results of operations;
  • the risk that our investments in omni-channel shopping initiatives may not deliver the results we anticipate;
  • the risk that updates or changes to our information technology (“IT”) systems may disrupt our operations;
  • the risk that we are subject to data or other security breaches that may result in increased costs, violations of law, significant legal and financial exposure, and a loss of confidence in our security measures, which could have an adverse effect on our results of operations and our reputation; and
  • the risk that changes in the regulatory or administrative landscape could adversely affect our financial condition, strategies, and results of operations.

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 the date of the conference. 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 more than 3,100 company-operated stores, over 350 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Banana Republic’s give-back program ONE+ALL invites customers to shop in support of Community-Focused Organizations

New York, NY, 2014-5-30 — /EPR Retail News/ — Banana Republic is proud to announce the expansion of its ONE+ALL program that commits volunteer hours and fund-raising support to organizations that make a difference in communities where the brand’s employees work and live. Over the first weekend in June, customers are invited to shop for a cause in support of four non-profit organizations: Big Brothers Big Sisters, Boys & Girls Clubs, Dress for Success, and Habitat For Humanity.

ONE+ALL was launched in 2010 to encourage employees to support their local communities through volunteering, tying back to the social-minded spirit of Banana Republic’s hometown of San Francisco and since then, employees have volunteered over 178,000 hours of service. As an extension of the current ONE+ALL program,  Banana Republic is partnering with four non-profit organizations – including Big Brothers Big Sisters, Boys & Girls Clubs, Dress for Success® and Habitat For Humanity – and is encouraging customers to participate by crowd-sourcing votes on how financial support should be distributed between partners.

During the weekend of June 5 through June 8, 2014, customers will receive 25 percent off their Banana Republic purchase, with 5 percent of sales being donated to community organizations – up to a goal of $500,000. From May 26 to June 8, 2014, customers are invited to visit bananarepublic.com/OneandAll to vote for which of the four participating non-profits they would like to have contribution dollars benefit. While each organization will receive a donation, customer votes will determine the percentage each receives.

ONE+ALL Partners:

  • Big Brothers Big Sisters – A non-profit organization whose goal is to help all children reach their potential through professionally supported, one-on-one relationships with volunteer mentors
  • Boys & Girls Clubs® – Through a network of 4,000 Clubs, Boys & Girls Clubs enable young people in need to achieve great futures as productive, caring and responsible citizens. The Club provides a safe place, caring adult mentors, fun, friendship, and high-impact youth development programs on a daily basis during critical non-school hours.
  • Dress for Success® – An international non-profit organization offering services designed to help disadvantaged women find jobs and remain employed
  • Habitat For Humanity – An international and non-profit organization devoted to building simple, decent, and affordable housing

In 2013, over 6,000 Banana Republic employees in North America and Canada participated in nearly 60,000 hours of skills-based volunteering, creating more than $1.3 million of value in hours benefitting local communities.

“Giving back to our communities has long been an important part of the Banana Republic employee culture,” said Roy Hunt, senior vice president of Banana Republic Global Stores, Operations, Field Visual and Store Design. “By encouraging our customers to get involved, we are able to expand the message of this valuable work and make a larger impact nationwide.”

Join the conversation with @BananaRepublic #LetsDoMore and #TrueStyle. To learn more, visit www.BananaRepublic.com/OneAndAll.

ABOUT BANANA REPUBLIC
Banana Republic is a global apparel and accessories brand focused on delivering modern American style. Dedicated to helping customers achieve their best in life’s moments big and small, both personally and professionally, Banana Republic offers covetable clothing, handbags, jewelry, eyewear and fragrance at accessible prices. Founded in San Francisco, Banana Republic is located in over 700 company-operated and franchise retail locations worldwide. Customers also can shop online or at (888) BR-STYLE. For more information about Banana Republic, a division of Gap Inc. (NYSE: GPS), please visit bananarepublic.com