METRO GROUP appoints Pieter Haas as Media-Saturn-Holding’s Management Board Deputy Chairman

Düsseldorf, Germany, 2014-5-7 — /EPR Retail News/ — The METRO GROUP has paid tribute to the tremendous achievements and the enormous contribution made by Horst Norberg, who announced his resignation as Chairman of the Management Board at Media-Saturn-Holding (MSH) on Tuesday. At the same time, the Duesseldorf-based trading group has decided to delegate his fellow Board Member Pieter Haas to MSH’s Management Board as Deputy Chairman in order to intensively press ahead with the essential repositioning of the company.

“We are very sorry that Horst Norberg has resigned from his position in these circumstances. However, we understand and have great respect for his decision”, said Olaf Koch, Chief Executive Officer of METRO AG. “Horst Norberg has done great things for Media-Saturn over more than two decades and has played a major role in crucial decisions for the company, not least regarding the recently announced repositioning and restructuring of Media-Saturn. He did an exemplary job of making sure Media-Saturn was geared to changing market conditions and customer demands. Horst Norberg has always put the company at the centre of his dealings. We thank him very much for his extraordinary commitment, his long years of tireless effort and his tremendous achievements.”

Due to Horst Norberg’s resignation, METRO GROUP will delegate its fellow Board Member Pieter Haas to the Management Board of Media-Saturn as Deputy Chairman so that he, along with the other Executives, can drive the strategic reorientation and the necessary subsequent restructuring of the consumer electronics retailer. As Deputy Chairman, he will formally assume the role of Acting Chairman of the Management Board. “Pieter Haas is an absolute expert in the consumer electronics market and also has crucial knowledge in key areas of innovation,” said Olaf Koch.

Pieter Haas has already worked in various positions at Media-Saturn from 2001 to 2013, most recently as the Managing Director / COO responsible for such areas as Strategy, Saturn Brand Management, Multichannel / Online trading and IT. Since April 2013, the 50 year-old has been a member of METRO AG’s Management Board in charge of Media-Saturn, Business Innovation and IT. He will retain his executive position at METRO AG, but will give up his Business Innovation and IT functions when he takes his seat on MSH’s Management Board in order to concentrate fully on Media-Saturn. It is intended that Georg Mehring-Schlegel – MSH Management Board Member delegated from Metro – will make the move to Media-Saturn’sExtended Management Board.

METRO GROUP is one of the largest and most important international retailing companies. During the financial year 2012/13 (pro forma), it generated sales of about €66 billion. The company operates around 2,200 stores in 32 countries and has a headcount of around 265,000 employees. The performance of METRO GROUP is based on the strength of its sales brands that operate independently in their respective market segments:METRO/MAKRO Cash & Carry – the international leader in self-service wholesale – Media Marktand Saturn – the European market leader in consumer electronics retailing – Real hypermarkets and Galeria Kaufhof department stores.

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John Lewis marks 150th anniversary with marketing campaign and TV advert ‘Never Standing Still’

LONDON, 2014-5-7 — /EPR Retail News/ — To mark its 150th anniversary this year, John Lewis will be launching a significant marketing campaign including a brand new TV advert entitled ‘Never Standing Still.’

The 90 second advert goes live on the retailer’s social media channels on Friday 2 May and will launch on Saturday 3 May during ITV’s Britain’s Got Talent.

The advert is a joyous and celebratory look at life in Britain from past to present, reflecting the fact that John Lewis has been ever present in its customers’ lives, constantly changing and responding to their needs over the past 150 years.

It is made up of a series of vignettes showing the people of Britain, in all walks of life, on the go. The scenes are linked together visually using a technique where the movements of the lead character are matched from one scene into the next.

The advert includes scenes from a variety of different decades, from as far back as the 1930s right through to the present day, and highlights John Lewis products bought by its customers during that time. The retailer’s marketing and archive teams have worked closely together to ensure the product detail and visual references in each scene are both accurate and evocative of the time.

Craig Inglis, Marketing Director, John Lewis, comments: ‘In this very important year for us, this campaign celebrates how our customers’ lives have kept moving over the last 150 years and the role that John Lewis has played in moving with them. We hope the campaign will evoke nostalgia leaving our customers feeling uplifted and excited about a summer of celebration.’

Created by advertising agency Adam&Eve/DDB, produced by Blink Productions and directed by Dougal Wilson, the TV ad is set to a cover of ”This Time Tomorrow’ by The Kinks performed by Gaz Coombes, lead singer of Gaz Coombes Presents and formerly lead singer of Supergrass. His cover of the track coincides with the twenty year anniversary of Britpop and offers a fresh new take on a classic track.

The TV advert makes up part of a much bigger campaign celebrating 150 years of John Lewis, including press and digital outdoor advertising, radio partnerships, social media activation and an online campaign site. Celebrations will take place throughout all John Lewis shops and the flagship on Oxford Street will include a brand new exhibition called ‘Stories of a Shopkeeper’ along with a roof garden both opening to the public on Saturday 3 May.

John Lewis has worked closely with a range of agencies and suppliers on the development of this campaign, including Manning Gottlieb, Pretty Green, Proximity London and Mission.

The TV ad can be viewed on www.johnlewis.com and the John Lewis YouTube channel (www.youtube.com/johnlewisretail) on Friday 2 May, kicking off with a 90 second version and supported by a combination of two shorter versions running throughout May.

Notes to editors
John Lewis operates 41 John Lewis shops across the UK (31 department stores and ten John Lewis at home) as well as johnlewis.com. It is part of the John Lewis Partnership, the UK’s largest example of worker co-ownership where all 91,000 staff are Partners in the business.

John Lewis – John Lewis, ‘Multichannel Retailer of the Year 2014’¹, ‘The Nation’s Best Retailer’² and ‘Best Retailer 2013’³, typically stocks more than 350,000 separate lines in its department stores across fashion, home and technology. Johnlewis.com stocks over 250,000 products, and is consistently ranked one of the top online shopping destinations in the UK. (www.johnlewis.com). John Lewis Insurance offers a range of comprehensive insurance products – home, car, wedding and event, travel and pet insurance and life cover – delivering the values of expertise, trust and customer service expected from the John Lewis brand.

¹ Oracle Retail Week Awards 2014
² Verdict Consumer Satisfaction Awards 2013
³ Which? Awards 2013

You can follow John Lewis on the following social media channels:
www.johnlewis.com/twitter
www.johnlewis.com/facebook
www.johnlewis.com/youtube.

Enquiries
For further information please contact:

Vikki Speed
Press Officer, John Lewis
Telephone: 020 7931 4921
Email: vikki_speed@johnlewis.co.uk

Alliance Boots to acquire Farmacias Ahumada and Farmacias Benavides

Alliance Boots today announces that it has signed an agreement to acquire Farmacias Ahumada (“FASA”).

Nottingham2014-5-7 — /EPR Retail News/ — The acquisition comprises two main businesses, which together operate over 1,400 stores, with combined revenues of around £835 million. Farmacias Benavides is the third largest retail pharmacy chain in Mexico with around 1,000 stores, and Farmacias Ahumada is one of the three largest retail pharmacy chains in Chile with around 400 stores.

The transaction, which is subject to regulatory approvals, is expected to complete in the third quarter of 2014.

Stefano Pessina, Executive Chairman, Alliance Boots, commented:

“This acquisition will give Alliance Boots a major presence in the attractive Latin American market, one of our priority areas for investment. It is also a further step towards reaching a truly global footprint. The well-positioned retail pharmacy businesses of Farmacias Ahumada and Farmacias Benavides will be great additions to our Group’s unique portfolio of retail, product and service brands around the world. We are confident in the high potential for sustainable growth and value generation that will be unlocked by this acquisition, including the opportunity for consumers in Mexico and Chile to access for the first time leading Boots product brands, such as our renowned skincare and cosmetics ranges.”

ENDS

Notes to editors:

Transaction structure 
The transaction will be effected by Alliance Boots launching an all cash tender offer for the outstanding fully diluted share capital of Farmacias Ahumada S.A. (“FASA”) whose shares are listed on the Santiago Stock Exchange. Grupo Casa Saba, S.A.B. de C.V. (“Casa Saba”) has irrevocably undertaken, via a wholly owned subsidiary, to tender its holding of 97.89% of FASA’s share capital to the offer. The tender offer will be conditional upon certain customary conditions precedent. FASA itself owns 95.62% of the outstanding fully diluted share capital of Farmacias Benavides S.A.B. de C.V., the operator of the Farmacias Benavides retail pharmacy business.

About Farmacias Ahumada 
Farmacias Ahumada is network of pharmacies in Chile providing medicines, pharmacy products, nutritional supplements, beauty, hygiene, personal care and convenience items. Its store networks comprise five store formats: Farmacias Ahumada, Native, Farmarebajas, GNC and Guapa. At December 2013, it operated around 400 outlets in 98 cities, primarily in the central region of Chile, and it employed around 3,900 people.

About Farmacias Benavides 
Farmacias Benavides is a network of pharmacies in Mexico, providing medicines and pharmacy products, convenience items and health & beauty products. At December 2013, it comprised around 1,000 stores, with coverage of 21 states (over 150 cities, including Mexico City since 2013) and the Federal District, and it employed around 7,800 people.

About Alliance Boots 
Alliance Boots is a leading international, pharmacy-led health and beauty group delivering a range of products and services to customers. Working in close partnership with manufacturers and pharmacists, we are committed to improving health in the local communities we serve and helping our customers and patients to look and feel their best. Our focus is on growing our two core businesses: pharmacy-led health and beauty retailing and pharmaceutical wholesaling and distribution, while increasingly developing and internationalising our product brands.

Alliance Boots has a presence in more than 25* countries and employs over 108,000* people. Alliance Boots has pharmacy-led health and beauty retail businesses in nine* countries and operates more than 3,100* health and beauty retail stores, of which just over 3,000* have a pharmacy. In addition, Alliance Boots has around 605* optical practices, of which around 190* operate on a franchise basis, and around 390* hearingcare practices. Our pharmaceutical wholesale businesses deliver over 4.6 billion* units each year to more than 170,000* pharmacies, doctors, health centres and hospitals from over 370* distribution centres in 20* countries.

In June 2012, Alliance Boots announced that it had entered into a strategic partnership with Walgreen Co., the largest drugstore chain in the US, to create the first global pharmacy-led, health and wellbeing enterprise.

* Figures are approximations as at 31 March 2013 and include associates and joint ventures.

For further information, please contact:

Media relations: 
Yves Romestan/Laura Vergani/Katie Johnson/Julie Longton, Alliance Boots: +44 (0)207 980 8585
James Murgatroyd/Claire Scicluna, RLM Finsbury: +44 (0)207 251 3801

Investor relations:
Gerald Gradwell, Alliance Boots: +44 (0)207 980 8527 (UK)/+1 646 688 1336 (US)

Sainsbury’s Anniversary Games to be held in Horse Guards Parade Ground and The Mall in central London

British Athletics announces the Sainsbury’s Anniversary Games will be held in the iconic setting of Horse Guards Parade Ground and The Mall in central London.

LONDON, 2014-5-7 — /EPR Retail News/ — To mark ticket registration opening at 9am on Tuesday 6 May, Olympic champion Greg Rutherford (coach: Jonas Tawiah-Dodoo) and training partner Jermaine Olasan (Tawiah-Dodoo) took on the first long-jump at the London landmark, set against five black cabs, equating to the World record distance.

To commemorate London 2012, the event at Horse Guards Parade Ground and The Mall on 20 July will transform the landmark into what will surely be the most striking athletics arena in the world with pole vault, long jump, shot put and a whole host of track races in a full athletics programme taking place over two sessions in front of a crowd of 20,000.

Tickets for last year’s Sainsbury’s Anniversary Games sold out in 75 minutes, but with the Olympic Stadium unavailable due to transformation works, British Athletics, Sainsbury’s, Mayor of London and The Royal Parks will continue to mark the occasion of hosting the event on the anniversary of the London 2012 opening ceremony.

Boris Johnson, Mayor of London, said: “Last year’s sell out Sainsbury’s Anniversary Games were yet another great example of how London is now a natural home for international sport.

“This year’s return is a golden opportunity to see of our Olympic and Paralympic superstars in action set against the spectacular backdrop of Horse Guards Parade Ground and The Mall in St James’s Park.”

London 2012 long jump champion Greg Rutherford was on hand to launch the event alongside his training partner Jermaine Olasan, who took the first ever long jump in Horse Guards Parade Ground. Rutherford, who has confirmed he will compete at the Sainsbury’s Anniversary Games will be joined by host of other Olympic, Paralympic and World Champions two years on from winning gold on ‘Super Saturday.’

Rutherford said: “It’s a great place to be and I think it’s going to be incredibly special to hold the Sainsbury’s Anniversary Games here. It’s one of the most iconic parts of London and you just have to look at the backdrop of Horse Guards to see the London Eye and just around the corner we’ve Queen sipping on her tea.

“I was so gutted to miss out on the Sainsbury’s Anniversary Games last year, so for me it’s a second bite of the cherry. By the time I come to compete, I will be in the best shape of the year and I’ll be looking to jump far here.

“Fans need to get on the British Athletics website, and get themselves in the ballot. There are 20,000 tickets and all we want is people excited about athletics cheering everyone on, in what will be a spectacular showcase of the sport.”

Mark Given, Sainsbury’s Head of Brand Communications said: “Sainsbury’s Anniversary Games is a once in a lifetime event, showcasing world class athletics on an iconic central London stage.

“People can register online or look out for our competition in store to be in with a chance to see Greg Rutherford, amongst other Olympic winners compete at Horse Guards Parade and The Mall.”

Penelope Boyd, Head of Events and Filming at The Royal Parks said: “Having played a significant role in the London 2012 Olympic and Paralympic Games where 11 Royal Parks hosted competitions from Triathlon to Equestrian and of course the Beach Volleyball, which took place on Horse Guards Parade Ground, it is fantastic to be part of the London legacy and we are looking forward to seeing Olympic and Paralympic medallists in action once again at one of our most iconic venues.”

The registration period to enter the ballot for the Sainsbury’s Anniversary Games will open at 9am on Tuesday 6 May via britishathletics.org.uk

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Sainsbury's Anniversary Games to be held in Horse Guards Parade Ground and The Mall in central London

Sainsbury’s Anniversary Games to be held in Horse Guards Parade Ground and The Mall in central London

IKEA begins recruitment process for its future Kansas City-area store, opening Fall 2014

MERRIAM, KS, 2014-5-7 — /EPR Retail News/ — IKEA, the world’s leading home furnishings retailer, today announced it has begun the coworker recruitment process for its future Kansas City-area store, opening Fall 2014 at the intersection of I-35 and Johnson Drive in Merriam, KS. Candidates interested in working at the future IKEA Merriam should look online (IKEA-USA.com) for all available positions. Candidates without access to a computer are encouraged to visit a local library for online computer access.

“We are thrilled to offer interested jobseekers diverse positions with limitless opportunity at a global company,” said Rob Parsons, store manager of the future IKEA Merriam. “At IKEA, we recognize that our coworkers appreciate being able to do the things in life that bring success and happiness. It also is as fun to work at IKEA as it is to shop at IKEA.”

As IKEA Merriam progresses through the construction process, a variety of positions are open to local residents. Prospective coworkers can apply for the nearly 300 diverse positions as postings are available in: home furnishings sales, interior design, customer service, safety and security, cashier, facility management, receiving, stock replenishment and warehouse. Also, setting itself apart from other local retailers, IKEA Merriam will offer approximately 60 food service opportunities in its Restaurant, Swedish Foodmarket, Café Bistro and coworker cafeteria.

Previously named in FORTUNE’s “100 Best Companies to Work For” list, Working Mother magazine’s annual list of the “100 Best Companies for Working Mothers” and Training magazine’s annual “Top 100” ranking of companies that excel at human capital development, IKEA places value and emphasis on coworkers’ personal lives and the importance of a work/life balance.

Drawing from the company’s Swedish heritage, IKEA is committed to a flexible workplace that provides opportunities to people from all life situations. If a coworker needs to take time off to find a nursing home for an aging parent, to be home with children or have flexible scheduling to best juggle caring for a newborn, one can do so without worrying about risking one’s career.

IKEA offers family-friendly initiatives and diverse workplace benefits including full medical/dental insurance to coworkers working 20 hours or more per week with eligibility for domestic partners and children. Other benefits include: vacation, paid maternity/paternity leave and paid time off for child adoption, tuition assistance, a bonus program, 401(k) matching, a pension plan, professional development, training and mentoring programs, free uniforms, and – of course – a discount on IKEA purchases. The organization puts career opportunity into the hands of the individual, encouraging coworkers to consider assignments within different functions, at other IKEA stores or even in other countries. IKEA prides itself on the fact that an opportunity at IKEA truly can evolve into a career, and potentially can pave the way for a global experience as well.

Under construction on 18.4 acres in Merriam, KS, the 359,000-square-foot future IKEA Merriam and its approximately 1,200 parking spaces is located along the eastern side of Interstate-35 and Johnson Drive, eight miles southwest of Kansas City, Missouri. The store will feature nearly 10,000 exclusively designed items, 50 inspirational room-settings, three model home interiors, a supervised children’s play area, and a 450-seat restaurant serving Swedish specialties such as meatballs with lingonberries and salmon plates, as well as American dishes. Other family-friendly features include a ‘Children’s IKEA’ area in the Showroom, baby care rooms, play areas throughout the store, and preferred parking. IKEA Merriam also represents the region’s largest geothermal project, consistent with the IKEA renewable energy presence at its 90% of its U.S. locations.

Also, IKEA will generate significant tax revenue for state and local governments. When IKEA Merriam opens in Fall 2014, the new store will welcome the newly hired 300 coworkers to the IKEA family of more than 13,000 in the United States and 139,000 globally. Until IKEA Merriam opens, customers can shop at the closest IKEA stores in Colorado, Illinois, Minnesota, or Texas, or online at IKEA-USA.com.

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 has been ranked in FORTUNE’s annual “100 Best Companies to Work For” list, Working Mother magazine’s annual list of “100 Best Companies for Working Mothers” and Training magazine’s annual “Top 100.” 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 on facebook, youtube, instagram and pinterest.

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IKEA Foundation campaign ‘Brighter Lives for Refugees’ raised $10.6M for UNHCR to bring sustainable lighting and energy in refugee camps

Campaign supports camps in Asia, Africa and Middle East with Sustainable Lighting and Improved Access to Renewable Energy and Primary Education

CONSHOHOCKEN, PA, 2014-5-7 — /EPR Retail News/ — The IKEA Foundation announces the ‘Brighter Lives for Refugees’ campaign, which ran from February 3 – March 29, 2014 raised $10.6 million* (Є7.7 million) globally, and the US alone raised over $570,000 in its first campaign year. For every IKEA LEDARE (LED light bulb) purchased during the campaign period, Є1*(approx. $1.38) will be donated to the United Nations Refugee Agency (UNHCR) by the IKEA Foundation.

The $10.6 million raised will enable UNHCR to bring sustainable lighting and energy to over 350,000 children and families living in refugee camps in Ethiopia, Chad, Bangladesh and Jordan by providing solar street lights, indoor solar lanterns and other renewable energy technologies such as fuel efficient cooking stoves. The campaign will also fund improved primary education.

Today, there are nearly 10.5 million refugees globally, around half of which are children. Some refugees have no choice but to live in refugee camps, where the absence or lack of light after sunset can have a devastating effect on safety and security. Simple activities such as visiting the toilet, collecting water, or returning to the shelter from elsewhere can become difficult and dangerous – particularly for women and girls. The improvements funded by the campaign will help make each refugee camp a safer and more suitable home for refugee children and their families. For example, just one solar street light can benefit up to 300 refugees, making it safer to walk around at after dark and one solar lantern can help a family of five share a meal or help the children complete their homework after dark.

“The lack of access to lighting and energy has a serious impact on the safety, security and education of millions of refugees worldwide, especially women and children. We thank IKEA customers and employees for making such a meaningful contribution to bringing light and energy to the most vulnerable people on Earth,” said UN High Commissioner for Refugees António Guterres.

The IKEA Foundation has partnered with UNHCR since 2010, helping to provide shelter, care and education to families and children within refugee camps and surrounding communities.

*as of April 26,2014, one euro = $1.38

Contact: Mona Astra Liss, Corporate PR Director ~ Mona.Liss@IKEA.com ~ 610.834.0180, ext. 5852

About IKEA Group
The IKEA vision is to create a better everyday life for the many people. Our business idea supports this vision by offering a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them. There are currently 305 IKEA Group stores in 26 countries. There are 38 IKEA stores in the US. In FY 13, the IKEA Group had 135,000 co-workers, 684 million visitors to the stores and 1.3 billion visitors to IKEA.com. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information, please visit www.IKEA.com, facebook.com/IKEAUSA, @IKEAUSANews, @DesignByIKEA, http://pinterest.com/IKEAUSA/, www.youtube.com/IKEAUSA, www.theshare-space.com, www.theshare-space.com/en/Blog

About IKEA Foundation
The IKEA Foundation aims to improve opportunities for children and youth in the world’s poorest communities by funding holistic, long-term programmes that can create substantial, lasting change. The Foundation works with strong strategic partners applying innovative approaches to achieve large-scale results in four fundamental areas of a child’s life: a place to call home; a healthy start in life; a quality education; and sustainable family income. Currently-funded programmes benefit an estimated 100 million children by 2015. Learn more at www.ikeafoundation.org and www.facebook.com/IKEAfoundation

About UNHCR
The United Nations High Commissioner for Refugees, also known as the UN refugee agency, was established on December 14, 1950 by the United Nations General Assembly. UNHCR safeguards the rights and well-being of refugees. In more than six decades, the agency has helped tens of millions of people restart their lives. It also has a mandate to help people who have become forcibly displaced inside their own countries, and stateless people. UNHCR is on the front lines of the world’s major humanitarian crises, including Syria, Mali, Afghanistan, South Sudan, Democratic Republic of the Congo, and countless other emergencies.

Adam Brotman, Phillipe Bourguignon, and Vivek “Vic” Gundotra join Neiman Marcus Group, Inc. Board of Directors

DALLAS, Texas, 2014-5-7 — /EPR Retail News/ — Neiman Marcus Group, Inc. announced today that Adam Brotman, Phillipe Bourguignon, and Vivek “Vic” Gundotra have been named to the Board of Directors.

Mr. Brotman is Chief Digital Officer for Starbucks Coffee Company. In this role, he has responsibility for Starbucks core digital businesses, including mobile and mobile payments, web, card, loyalty, e-commerce, wi-fi, and the Starbucks Digital Network. Prior to joining Starbucks in 2009, Mr. Brotman held key leadership positions at leading digital media companies including Corbis and PlayNetwork, Inc.

Mr. Bourguignon is currently the Vice Chairman of Revolution Places LLC and CEO of Exclusive Resorts, the preeminent destination club specializing in bespoke villa and experiential vacations. Prior to joining Revolution Places, Phillipe was co-CEO of the Davos-based World Economic Forum in 2003, 2004 and Chairman and CEO of Euro Disney. In addition, Mr. Bourguignon acted as chairman and CEO of Club Med and president of Accor for the Asia/Pacific region, one of the largest hotel groups in the world. Mr. Bourguignon is an active member on the Vinfolio board. He previously served on the board of directors for Zipcar and spent 11 years on the board at eBay.

Mr. Gundotra most recently served as Senior Vice President, Social for Google. In this role, he had responsibility for Google+, Google’s social networking and identity service. Prior to joining Google in 2007, he was the General Manager of Platform Evangelism at Microsoft.

The new appointees will be joining Nora Aufreiter and Norman Axelrod on the Board. Ms. Aufreiter was most recently a Director at McKinsey & Company where she previously led their omni channel, branding and retail practices. Mr. Axelrod is an Operating Advisor to Ares’ Private Equity Group and serves or has served on many of the Boards for Ares’ investments in the consumer and retail sector.

“We are pleased to welcome Adam, Phillipe, and Vic to our Board,” said Karen Katz, President and Chief Executive Officer of Neiman Marcus Group, Inc. “We are looking forward to working with them as we continue our mission to be the world’s largest multi-branded omni-channel luxury retailer in the world known for unparalleled customer service.”

“Adam, Philippe, and Vic bring to our Board many years of collective experience in serving the luxury customer and in growing businesses through digital and international strategies—all of which are key areas in which we are looking to accelerate growth,” said David Kaplan, Co-Founder and Senior Partner at Ares Management and Chairman of the Board of Directors of Neiman Marcus Group, Inc.

“Our new Board Members are extraordinary assets to the company, and we look forward to leveraging their expertise and unique perspectives.”

Neiman Marcus Group, Inc. operations include the Specialty Retail Stores segment and the Online segment. The Specialty Retail stores segment consists primarily of Neiman Marcus and Bergdorf Goodman stores. The Online segment conducts direct to consumer operations under the Neiman Marcus, Horchow, Last Call and Bergdorf Goodman brand names. For more information, visit neimanmarcusgroup.com.

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CONTACT:

Ginger Reeder
VP Corporate Communications
Neiman Marcus Group, Inc.
ginger_reeder@neimanmarcus.com
214-573-5822

NRF marks Imports Work Week with “Rethinking Made in America in the 21st Century” report

Report Say Imports are More ‘Made in America’ Than Label Reveals

WASHINGTON, 2014-5-6 — /EPR Retail News/ — Imported products sold in the United States from clothing to cars contain far more U.S. parts or other content and value and support significantly more American jobs than consumers or policymakers realize, according to a new report prepared for the National Retail Federation.

“This report looks at retailers’ worldwide sourcing of merchandise not just as a global supply chain but as a global value chain,” NRF President and CEO Matthew Shay said. “It shows the value added at each step along the way, not just in manufacturing but from the initial concept to the finished product. Even in a product that says ‘Made in China,’ much of what goes into that product is ‘Made in America.’ That means millions of American jobs for American workers regardless of what the label might say.”

“Rethinking Made in America in the 21st Century” was prepared for NRF by Laura M. Baughman, a well-known Washington economist specializing in international trade and president of The Trade Partnership. The report was released today as part of activities to mark Imports Work Week.

“In a world of global supply chains, does ‘Made in America’ really mean what people think?” Shay and Baughman ask in the introduction to the report. “Unbeknownst to consumers, imported goods with foreign labels often include significant but unrevealed amounts of U.S. content.”

According to the study, apparel products contain more than 70 percent U.S. value on average, some foreign-brand automobiles contain as much as 95 percent U.S. content while no U.S. car has more than 75 percent U.S. content, and the popular Apple iPod contains $162 in American content compared with $4 in Chinese content even though it is labeled “Made in China.”

Of $1.85 trillion in products imported in 2009, $464 billion of the value was American and 10 million U.S. jobs, or 11.2 percent of U.S. employment, were sustained by global supply chains in 2008, the report said.

Product origin labels are misleading because federal law allows a product to be labeled “Made in America” or “Made in USA” only if American manufacturing workers made the product and “all or virtually all” of the value of significant parts and processing that go into the product were made or done in the United States, according to the report. The determination looks only at direct manufacturing costs such as materials, labor and overhead. Non-manufacturing costs such as research and development, product design, marketing and other services are not considered even if all of those activities took place in the United States and were performed by U.S. workers.

The report calls on policymakers to adopt trade policies that recognize the importance of U.S. jobs tied to imported products. It recommends that both U.S. and foreign tariffs be eliminated and that non-tariff barriers such as regulations that treat imported products differently also be removed. Trade facilitation measures affecting issues ranging from customs processing to transportation infrastructure are needed, and trade agreements should “recognize 21st Century global value chains.” The report specifically calls for passage of the Bipartisan Congressional Trade Priorities Act of 2014, which would “support U.S. participation in global value chains and ensure that trade agreements reflect the increasingly interrelated and multi-sector nature of trade and investment activity.”

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.5 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities, and the critical role that retail plays in driving innovation. www.nrf.com.

J. Craig Shearman or Bethany Aronhalt (855) NRF-PRESS
Press@nrf.com
Download Report

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IKEA Group to nominate Lars-Johan Jarnheimer as new chairman of the board from January 2015

Lars-Johan Jarnheimer will be nominated as new chairman of the INGKA Holding B.V Supervisory Board, the board of the IKEA Group, from January 2015.

CONSHOHOCKEN, PA, 2014-5-6 — /EPR Retail News/ — He will succeed Göran Grosskopf who will take on the role as chairman of the owner foundation Stichting INGKA Foundation and its two related foundations Stichting IKEA Foundation (charity) and Stichting IMAS Foundation (management of financial assets).“I am very happy that Lars-Johan is prepared to take on this assignment, says Göran Grosskopf. With his in-depth knowledge of the company and extensive experience from other parts of the business sector he is the right man to lead the board’s work into the future.”

“IKEA is a fantastic company, which I have been fortunate to work with in different roles for many years, says Lars-Johan Jarnheimer. I very much appreciate the combination of entrepreneurial spirit and long-term focus. I look forward to the possibility to further contribute to the growth and success of the group together with all IKEA co-workers.”

Lars-Johan Jarnheimer was previously CEO at Tele2 and is currently a member of the Supervisory Board. Ingvar Kamprad remains senior advisor to the Supervisory Board.

For further information, please contact:
Media relations IKEA Group, +46 723 527 220, ylva.magnusson@ikea.com

About the IKEA Group
The IKEA vision is to create a better everyday life for the many people. Our business idea supports this vision by offering a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them. There are currently 309 IKEA Group stores in 26 countries. IKEA was founded in Sweden in 1943. The IKEA Group employs 135,000 co-workers and the stores had 684 million visitors during FY13.

AHOLD repurchased 1,960,000 AHOLD COMMON SHARES for € 26.99 million between April 28 and May 2, 2014

Zaandam, the Netherlands, 2014-5-6 — /EPR Retail News/ — Ahold has repurchased 1,960,000 Ahold common shares in the period from April 28, 2014 up to and including May 2, 2014.

The shares were repurchased at an average price of € 13.7705 per share for a total consideration of € 26.99 million. These repurchases were made as part of the € 500 million share buyback program announced on February 28, 2013 as increased by € 1.5 billion to a total amount of € 2 billion announced on June 4, 2013.

The total number of shares repurchased under this program to date is 97,925,308 common shares for a total consideration of € 1,256.32 million.

During the share buyback program, Ahold publishes a press release every Monday with a weekly update. Click here to view all the relevant information of these these weekly updates. Separate weekly press releases are available upon request. Please send an email to communications@ahold.com if you would like to receive one or more of these weekly releases.

Retail Industry Leaders Association to highlight essential role of imports in American economy during “Imports Work” week, May 5-9, 2014

Arlington , VA, 2014-5-6 — /EPR Retail News/ — The Retail Industry Leaders Association (RILA) will highlight the essential role that imports play in the American economy during the third annual “Imports Work” week, scheduled from May 5-9, 2014. May has long been recognized as World Trade Month, with many groups taking the opportunity to underscore the role international trade plays in creating American jobs and maintaining the strength of the American economy.

RILA and other business organizations plan to focus on the growing role of global value chains and how increasing flexibility can improve the ability of American companies to compete in the global economy, while benefitting workers and consumers in the domestic market.

“Retailers are well aware of the critical role imports play in the American economy,” said Stephanie Lester, vice president of international trade at RILA. “For the sake of American economic competitiveness, US trade policy should also acknowledge the value of imports and work with the global economy instead of against it.”

Numerous economic studies have been done to show that exports and imports are closely related, and American workers can add substantial value to imported products through the use of global value chains. One study, Analyzing the Value Chain for Apparel Designed in the United States and Manufactured Overseas, found that U.S. workers add more than two-thirds of the actual retail sales value of apparel manufactured overseas. The study also found that the U.S. value-added translates directly into well-paying American jobs in areas such as research, design, logistics, compliance, distribution, and customer service.

“Imports create American jobs and trade policy should be updated to support these imports and the millions of American workers that help to create them and bring them to market,”Lester continued.

Participants in Imports Work Week, including numerous associations, civic organizations, elected officials and members of the administration, plan to reinforce the value that imports hold by conducting seminars, releasing statements, commentaries and blog posts and engaging grass roots and social media activity to extend the message to the American public.

RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.

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Allie Brandenburger
Director, Communications
Phone: 703-600-2063
Email: allie.brandenburger@rila.org

NACS welcomes Reed Armstrong as its products & services manager

ALEXANDRIA, VA, 2014-5-6 — /EPR Retail News/ — Reed Armstrong has joined NACS as products & services manager. Armstrong comes to NACS after several years as an advisor at Cresa, a corporate real estate firm. Earlier in his career, Armstrong also served as a marketing associate, research & insights consulting, at The Advisory Board Company.Armstrong earned a BA in American studies, with a strong disciplinary focus in business, organizations and society, from Franklin & Marshall College.

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Founded in 1961 as the National Association of Convenience Stores, NACS (nacsonline.com) is the international association for convenience and fuel retailing. The U.S. convenience store industry, with more than 151,000 stores across the country, posted $696 billion in total sales in 2013, of which $491 billion were motor fuels sales. NACS has 2,100 retail and 1,600 supplier member companies, which do business in nearly 50 countries.

SM Prime Holdings, Inc. reported consolidated net income increase of 11% to Php4.58 billion for the Q1-2014

Pasay City, Philippines, 2014-5-6 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property development companies in Southeast Asia, reported consolidated net income increase of 11% to Php4.58 billion for the first three months of 2014 from Php4.11 billion in the same period last year. Consolidated revenues, rose 3% to Php15.35 billion from Php14.95 billion, year-on-year.

Rental revenues accounted for 56% of the consolidated revenues, and grew by 12% to Php8.56 billion in 2014 from Php7.63 billion same period in 2013. The increase in rental revenue was primarily due to the new malls opened in 2012 and 2013, namely, SM City Olongapo, SM City Consolacion, SM City San Fernando, SM City General Santos, SM Lanang Premier, SM Aura Premier and SM City BF Parañaque, with a total gross floor area of 818,000 square meters. Excluding the new malls and expansions, same-store rental growth is at 7%.

Real estate sales recorded a 17% decrease to Php5.02 billion in 2014 from Php6.01 billion in 2013. The decrease is primarily due to sales take up attributable to only two project launches in 2012 of about 4,600 units from Breeze and Grace Residences compared to the nine project launches in 2010 and 2011 of about 26,700 units mainly from Jazz, Light, Wind, Shell and Green Residences. On the average, it takes about two years before revenues are recognized due to the percentage of completion accounting.

Cinema ticket sales significantly increased by 40% to Php1.06 billion in 2014 from Php0.76 billion in 2013. The increase was due to opening of digital cinemas at the new malls and the showing of local blockbuster movies with 100% sales growth year-on-year. The major blockbusters screened in 2014 were “Starting Over Again,” “Bride for Rent,” “Girl Boy Bakla Tomboy,” “My Little Bossings,” and “Captain America: The Winter Soldier.”

Amusement and other revenues likewise increased by 30% to Php710 million in 2014 from Php546 million in 2013. The increase was mainly due to the opening of new amusement rides in the Sky Ranch in Tagaytay last March 2013 and reopening of ice skating rink in SM Megamall last January 2014.

Consolidated costs of real estate was Php2.93 billion in 2014, representing a decrease of 20% from Php3.65 billion in 2013. The decrease was primarily the result of lower recognized real estate costs in line with the lower real estate sales in 2014 compared to last year.

SM Prime’s consolidated operating expenses increased by 11% to Php5.75 billion in 2014 compared to last year’s P5.18 billion. Same-store mall growth in operating expenses is 7% and the balance is attributable to the opening of new malls and expansions.

Despite the decrease in real estate sales of 17%, gross profit margin for residential improved to 42% in 2014 compared to 39% in 2013. Consolidated marketing and selling expenses decreased by 16% to Php642 million in 2014 from Php761 million in 2013 as part of the SM Prime’s overall rationalization of its cost structure.

“We are off to a good start this year maintaining a steady growth for the first quarter of 2014. As we move towards our 5-year roadmap, we are very optimistic that SM Prime will achieve its targets.” said SM Prime President Mr Hans T. Sy.

SM Prime is an integrated property development company that acts as a catalyst for economic growth, committed to deliver innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.

-End-

For further information, please contact:

Ms. Teresa Cecilia H. Reyes
Vice President, Finance
SM Prime Holdings, Inc.
E-mail: teresa.cecilia.reyes@smprime.com
Tel. no.: 831.1000 loc. 7820

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

New Schedule, New Hours, New Floor Plan

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Lenders and Note Investors:

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

Media:

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

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

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

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

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

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

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

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

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Contact:

Media: Ashley Flower 717-975-5718

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

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

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

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

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

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

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

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Contact:

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

Media: Ashley Flower 717-975-5718

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

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

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

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

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

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

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

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,916 stores – 1,789 in the United States and 127 in Canada – and at Target.com. Since 1946, Target has given 5 percent of its profit through community grants and programs; today, that giving equals more than $4 million a week. For more information about Target’s commitment to corporate responsibility, visit target.com/corporateresponsibility.

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

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

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

Second Quarter Results

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

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

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

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

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

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

First Half Results

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

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

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

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

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

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

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

View Unaudited Financial Highlights

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Net Sales up in Retail Segment

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

Growth in Germany and Americas

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

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

Increase in Proportion of Net Sales from Software/Services

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

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

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

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

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

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

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

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

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Delhaize Group to announce its first quarter 2014 results on May 7, 2014

BRUSSELS, Belgium, 2014-5-2 — /EPR Retail News/ — Delhaize Group will announce its first quarter 2014 results (ended March 31, 2014) on Wednesday May 7, 2014 at 7:00 a.m. CET. The press release will be available on Delhaize Group’s website (www.delhaizegroup.com) immediately after its publication.

The Delhaize Group management team will discuss the first quarter 2014 results during an investor conference call that will start at 09:00 a.m. CET on May 7, 2014. To participate in the conference call, please call +44 (0)20 3427 1919 (U.K.), +1 212 444 0896 (U.S.) or +32 2 404 0662 (Belgium), with “Delhaize” as password.

The conference call will also be broadcast live over the internet on May 7, 2014 at 09:00 a.m. CET at www.delhaizegroup.com. An audio replay of this webcast will be available at the same website starting at 12:00 p.m. CET on May 7, 2014.

» Delhaize Group
Delhaize Group is a Belgian international food retailer present in nine countries on three continents. At the end of 2013, Delhaize Group’s sales network consisted of 3 534 stores. In 2013, Delhaize Group posted €21.1 billion ($28.0 billion) in revenues and €179 million ($237 million) in net profit (Group share). At the end of 2013, Delhaize Group employed approximately 160 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

» Contacts 

Investor Relations: + 32 2 412 2151

Media Relations: + 32 2 412 86 69

Albert Heijn to invest in automated distribution center for non-perishables

Zaandam, the Netherlands, 2014-5-2 — /EPR Retail News/ — Albert Heijn will invest in an automated distribution center for non-perishables. By creating more capacity in the same space, Albert Heijn can better accommodate the future demands of customers and supply its stores more efficiently.

The quality of life at work will also improve for employees in the distribution center, as machines will take over the heavy manual labor. The first automated distribution center will be located on the site of the regional distribution center in Zaandam and is expected to be complete by the end of 2017. Vanderlande Industries will provide the automation systems.

In recent years the number of Albert Heijn stores, and thus the number of fresh produce departments, has grown. Albert Heijn will therefore invest in an automated regional distribution center (RDC) for non-perishable products in Zaandam. Almost the entire regional non-perishables assortment will be processed fully automatically from arrival to loading. The automation will lead to more products being processed in the same space, enabling Albert Heijn to better accommodate customer demand in the future, and that the number of required transport movements will be reduced, as products will be stacked optimally. Another advantage is that products from the same product groups will be delivered together, making it easier for store employees to fill the shelves.

The quality of life at work will also improve for employees in the distribution center as machines will take over the heavy manual labor. With regard to the consequences of automation for employees a Social Framework has been established with the trade unions, which includes a job guarantee for AH Logistics employees.

A new hall will be built for the automation system on the site of the RDC in Zaandam. Vanderlande Industries, a global player in the field of automation systems and services to improve logistics processes and performance, has been selected to provide the automation systems. Albert Heijn has signed a Memorandum of Understanding for a detailed design. After completion of the final plan Albert Heijn will enter into a definitive contract with Vanderlande Industries. The current plans concern a single automated distribution center that supplies to around three hundred stores.

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Albert Heijn to invest in automated distribution center for non-perishables

Albert Heijn to invest in automated distribution center for non-perishables

National Retail Federation to kick off its annual Loss Prevention Conference and Expo in Fort Lauderdale this June

Keynote by Former U.S. Secretary of Homeland Security Michael Chertoff 

WASHINGTON, 2014-5-2 — /EPR Retail News/ — The National Retail Federation will kick off its annual Loss Prevention Conference and Expo in Fort Lauderdale this June and will welcome Chairman of the Chertoff Group and former Secretary of the U.S. Department of Homeland Security, Michael Chertoff, for the opening keynote address. Industry leaders, loss prevention professionals, cybersecurity experts and law enforcement officers will convene for the three-day event taking place June 10-13 at the Broward County Convention Center. The conference will feature top-notch educational sessions and provide a forum for professionals to identify solutions to industry security challenges and explore the latest cutting-edge technologies.

The issue of cybersecurity is an evolving and persistent threat to the retail industry, and Chertoff’s keynote will focus on what retailers and the nation as a whole can do to meet this challenge. Chertoff’s expertise will provide attendees with insight on how cyber risks develop, how the retail industry can more effectively manage risk, and how companies can better assess, identify and mitigate real and potential threats. Chertoff will take the stage Wednesday, June 11 at 8:30 a.m. for the opening keynote titled “The Persistent Threat: Understanding the Evolving Cybersecurity Challenge We Face Today.”

Other notable keynote sessions include:

Cybersecurity expert and blogger Brian Krebs will discuss how retailers large and small remain vulnerable to data theft and cyber crimes by sophisticated underground groups. His session, titled“Exploiting the Security ‘PR Gap’: Perception vs. Reality,” will take place Thursday, June 12 at 3:45 p.m. Krebs is the author of KrebsonSecurity.com, a daily news site dedicated to in-depth cybersecurity news and investigations, with a special focus on cybercrime.

NRF will also welcome Broward County Sheriff Scott Israel as a keynote speaker Thursday, June 12 from 8:30-9:15 a.m. for a session titled “Value of Law Enforcement and Retail Partnerships.” Israel will discuss how retailers and law enforcement agencies partner to support initiatives against organized retail crime enterprises and their illicit activities.

Additionally, experts will discuss recent events involving active shooters and the impact these crimes have on retailers, their employees and customers. The panel, titled “Active Shooters: Your Business, Your Customers, Your Responsibility,” is scheduled for Friday, June 13 from 8:45-11:00 a.m. Panelists include PCG Solutions CEO and President Walter Palmer; Sterling Jewelers, Inc. Director of Loss Prevention Mark Neapolitan; Banana Republic, Inc. Vice President of Loss Prevention Bryan O’Brien; and Hudson Bay Corporation Senior Director, Administration, Asset Protection Michael Liberatore.

For more information about NRF’s Loss Prevention Conference and EXPO, visit http://lp14.nrf.com/.

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.5 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities, and the critical role that retail plays in driving innovation. www.nrf.com.

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NRF is pleased to grant complimentary registration to editorial staff members of the press, as well as accredited retail analysts. To register for NRF’s Loss Prevention Conference and EXPO, visit www.nrf.com/pressreg or contact NRF’s media relations team at press@nrf.com.

Bethany Aronhalt or Kathy Grannis (855) NRF-PRESS
press@nrf.com 

NRF: Retail employment increased 28,000 in April from March and 241,000 year-over-year

WASHINGTON, 2014-5-2 — /EPR Retail News/ — The National Retail Federation issued the statements below from President and CEO Matthew Shay and Chief Economist Jack Kleinhenz in response to the April jobs report released today. NRF calculated that retail employment increased 28,000 in April from March and 241,000 year-over-year. March’s retail employment was revised upward by 2,700 jobs. The increase reflects the growth and positive momentum seen in the retail industry in recent months.

“While this is certainly a solid report and proves that retailers continue to help lead the way in job creation, there is still room to address the underlying issue that the overall labor force remains underutilized,” Shay said. “A concentration on pro-business initiatives by our leaders in Washington that would give companies the confidence they need to hire more out-of-work Americans would go a long way in this economic recovery.”

“After a weak report on growth in the overall economy, the strong jobs report shows that the backlash from the weather-induced slowdown between December and March impacted economic activity but was not a foreboding sign of what is to come,” Kleinhenz said. “We expect a rebound in economic activity. While only select sectors such as apparel and general merchandise reported higher results, we expect retailers to be stocked and prepared for one of the busiest times of the year – summer.”

The federal Bureau of Labor Statistics Employment Situation Summary showed that total nonfarm payroll employment rose by 288,000 in April, above analysts’ expectations.

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.5 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities, and the critical role that retail plays in driving innovation. www.nrf.com

Craig Shearman or Bethany Aronhalt (855) NRF-PRESS
Press@nrf.com 

Note to media: View latest report in NRF’s Retail Insight Center 

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Co-op teams opened two new food stores in the Edmonton area

Edmonton, Alberta, 2014-5-2 — /EPR Retail News/ — Fresh paint. New signs. In 24 hours, Co-op teams turned around and opened two new food stores in the Edmonton area.

This morning, Leduc Co-op opened its new food store at 5421-50th Street. Yesterday, TGP opened in the Gold Bar neighbourhood in southeast Edmonton, the first of its two new food stores. TGP took possession of the store at midnight and was open at 8 a.m. for customers.

The transition of these stores is progressing as planned and highlighting the efforts of many employees. This is a great accomplishment for the individual co-operative associations and the entire Co-operative Retailing System (CRS).

Watch for updates as more food stores join the CRS in the coming weeks. More details are available at www.myco-op.ca.

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Co-op teams opened two new food stores in the Edmonton area

Co-op teams opened two new food stores in the Edmonton area

Medicine Hat Co-op opened new Co-op food store in Taber, Alberta

Taber, Alberta, 2014-5-2 — /EPR Retail News/ — It takes a dedicated team to transform a store. When you have 14 stores to transform, it’s nothing short of amazing.

“Our team just did a phenomenal job. We put a lot of hours into the planning and the execution of that plan was just unbelievable,” said Medicine Hat Co-op General Manager Ted Rodych. “It was a proud moment to see the team and everything come together.”

Medicine Hat Co-op opened up a new Co-op food store in Taber, Alta., Thursday at 12 p.m. Although the transformation occurred in only 36 hours, Rodych said it feels like the store’s been open for six months. He attributes that to the work by all Medicine Hat Co-op employees, FCL support and vendors.

“The thing that really surprised me was the ability of every department to just work closely and pull together,” he said.
Rodych added it was an awesome feeling to open a new branch and provide a new experience for local residents.

“They’re looking forward to what we can offer them. The ability to support local vendors is one comment I heard numerous times.”

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

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

Company significantly expands in the Boston metropolitan market

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

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

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

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

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

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

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