ICSC and Goldman Sachs Weekly Chain Store Sales Index: Arrival of summer gave way to a rise in weekly sales for the second consecutive week

NEW YORK, 2014-6-25 — /EPR Retail News/ — The arrival of summer gave way to a rise in weekly sales for the second consecutive week, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index (ICSC-GS).  Overall, according to the index, weekly chain store sales jumped by a solid 2.0% for the week ending June 21, 2014.  On a year‐over‐year basis sales also rose sharply and posted a 4.1% gain‐‐the strongest year‐over‐year pace in more than a year.  The previous high occurred for the week ending June 1, 2013, which was up 4.3% from its comparable week of the prior year.

“Business was up sharply relative to the same week of the prior year for most segments according to the ICSC‐GS consumer tracking survey.  This was especially seen in department stores, discounters, dollar stores and wholesale clubs as they all posted hefty year‐over‐year gains,” said Michael Niemira, ICSC vice president of research and chief economist. “June tends to be second highest sales volume month of the year, accounting about 10% of annual sales, so the recent strength is encouraging,” Niemira added.

Looking ahead, ICSC Research forecasts that June monthly comp‐store sales will increase by 3.5% on a year‐over‐year basis.

Week Ending    Index 1977=100    Year/Year Change    Weekly Change
21-June-14             568.2                        4.1%                       2.0%
14-June-14             557.0                        3.1%                       0.4%
07-June-14             554.6                        3.0%                      -2.8%
31-May-14              570.4                        3.1%                       2.9%

[Editor’s notes: The complete report will be available at 7:45 a.m. at
http://www.icsc.org/research/publications. In addition, historical data from this index is available under the Research section on ICSC’s website. To view the data, visit and click on the “Weekly Chain Sales Tracking” link and enter the following member id number (1177584) and password (press2002pass) to obtain access to report and historical data.]

The Weekly Chain Store Sales Snapshot is produced by the International Council of Shopping Centers and Goldman Sachs. This index measures U.S. nominal same-store or comparable-store sales excluding restaurant and vehicle demand. The weekly index is constructed as a sales-weighted geometric average growth rate to preserve long-term consistency and is statistically benchmarked to a broad-based monthly retail industry sales aggregate that currently represents a sampling of leading retail chain stores, which also is compiled by ICSC. A representative sample of those major retailers has been used as a control group to extrapolate the weekly sales index. As such, the weekly index statistically represents industry sales and is not just a sum of sales for a handful of retailers. The standard period used for the index is Sunday through Saturday, even though some retailers use a different weekly accounting period. The weekly sales index is presented on an adjusted basis to account for normal seasonality and to counter other data anomalies. Weekly seasonal adjustment is at best difficult for chain store sales given that retailers can and often do shift promotions to counter typical shifts in the calendar. Nonetheless, the approach to weekly seasonal adjustment used follows from the Piser Method, which was popular in the early 1930s and became the standard for weekly adjustment.

The Goldman Sachs Group, Inc. is a bank holding company and a leading global investment banking, securities and investment management firm. Goldman Sachs provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

Founded in 1957, ICSC is the premier global trade association of the shopping center industry. Its more than 60,000 members in over 90 countries include shopping center owners, developers, managers, marketing specialists, investors, retailers and brokers, as well as academics and public officials.  As the global industry trade association, ICSC links with more than 25 national and regional shopping center councils throughout the world.  For more information, visit www.icsc.org.

ICSC Contacts:
Michael Niemira
+1 646-728-3472
mniemira@icsc.org

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

Malachy Kavanagh
+ 1 646-728-3495
mkavanagh@icsc.org

Goldman Sachs Contact:
Leslie Shribman
+1 212-902-5400

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Rite Aid Corporation and Heritage Provider Network to bring Rite Aid Health Alliance program to HPN’s chronic and poly-chronic patients across Southern California

Rite Aid President and COO Ken Martindale and Heritage Provider Network President and CEO Richard Merkin, M.D., To Discuss Collaboration During In-Store Event June 24 in Woodland Hills, California

CAMP HILL, Pa. and MARINA DEL REY Calif., 2014-6-25 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD), one of the nation’s leading drug store chains, and global healthcare leader Heritage Provider Network (HPN), one of California’s largest healthcare provider networks, announced today they have entered into an agreement to bring the Rite Aid Health Alliance program to HPN’s chronic and poly-chronic patients across Southern California.

Today, Rite Aid President and Chief Operating Officer Ken Martindale along with Heritage Provider Network President and Chief Executive Officer Richard Merkin, M.D., will host a press conference at the Rite Aid pharmacy located at 21949 Ventura Boulevard in Woodland Hills, Calif., to discuss the details of this partnership.

“We are excited to announce Heritage Provider Network, one of the leading healthcare providers in California, as the latest Rite Aid Health Alliance partner,” said Martindale. “Known as a pioneer in population health management, Heritage Provider Network has long believed in and offered a wide array of innovative and preventative healthcare services, making them a natural partner for us as we continue to bring this one-of-a-kind healthcare program to the communities we serve.”

Through Rite Aid Health Alliance, Rite Aid and HPN will offer coordinated, comprehensive care and support to patients with chronic and poly-chronic conditions like congestive heart failure, diabetes, COPD, hypertension and high cholesterol. HPN physicians and Rite Aid pharmacists will work with specially trained care coaches, located in select Rite Aid pharmacies, to achieve specific physician identified wellness goals and improve the patient’s overall health and self-management abilities.

“Improving health outcomes and reducing the cost of care for chronic and poly-chronic patients is a top priority for us at HPN,” said Merkin. “We look forward to working with Rite Aid in this collaboration to provide additional care services to our patients in communities throughout Southern California at convenient Rite Aid pharmacies.”

Heritage Provider Network affiliates participating in Rite Aid Health Alliance include Bakersfield Family Medical Center; Coastal Communities Physician Network; Desert Oasis Health Care; High Desert Medical Group; Lakeside Medical Group; Regal Medical Group; Sierra Medical Group, Affiliated Doctors of Orange County as well as Heritage California ACO.

The full range of services available to patients participating in Rite Aid Health Alliance includes medication compliance support; comprehensive medication reviews and reconciliation; nutrition and weight management information; disease education; exercise coaching; and tobacco cessation support. In order to ensure collaboration between Rite Aid and primary care physicians, physician orders will be transmitted electronically to the Care Coach and pharmacist and reports of all patient interactions within Rite Aid pharmacies will be shared with the member’s physician.

The Rite Aid Health Alliance pilot partnership with Heritage Provider Network is the largest to date since Rite Aid announced the program earlier this year. Thirty Rite Aid pharmacies and eight Heritage affiliates, as well as its ACO, across Southern California are participating. The rollout, taking place in two phases, is expected to be complete by mid-July.

Rite Aid previously announced it was piloting Rite Aid Health Alliance partnerships in Greensboro, N.C., Glendale, Calif., Buffalo, N.Y., and Hershey, Pa., in addition to the new arrangement with HPN.

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.

Heritage Provider Network, Inc. (HPN) is on the cutting edge of the accountable care model of healthcare delivery: coordinated, patient-doctor centric, integrated health care systems that represent the future of health care in the United States. HPN provides high quality, cost effective healthcare to over 700,000 individuals and is dedicated to quality, affordable health care, and putting patients’ wellness first.(www.heritageprovidernetwork.com)

 

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Contact:

Investors: Matt Schroeder 717-214-8867 or investor@riteaid.com

Media: Ashley Flower 717-975-5718

The Meijer LPGA Classic presented by Kraft added another community event to tournament week: A 5K Run and Breakfast

GRAND RAPIDS, Mich., 2014-6-25 — /EPR Retail News/ — The Meijer LPGA Classic presented by Kraft added another community event as it continues to round out tournament week: A 5K Run and Breakfast.

The Meijer LPGA 5K Run & Breakfast presented by Kellogg’s will provide families with another way to get involved with the tournament Aug. 4-10. The race will start at 8 a.m. Aug. 9 at Rockford High School with a complimentary breakfast provided by Kellogg’s immediately after for runners near the school’s football field.

Kellogg’s will also give each runner two daily general admission tickets, valid any one day.

The 5K run is the second event announced by the Meijer LPGA Classic presented by Kraft. Last week, officials announced a partnership with General Mills to provide a community concert featuring Gary Allan and Big & Rich on Aug. 9 at Fifth Third Ballpark.

“We think hosting a 5K is another great way to allow families in the Grand Rapids area to get excited for event week and the fun opportunities associated with it,” said Tournament Director Lesley Baker, noting Gazelle Sports is helping organize the run. “We want to engage and highlight this community in every way possible.”

Participation in the 5K Run & Breakfast will cost $20 for adults, 18 and older, and $10 for children, 17 and under. Proceeds will support local food pantries in our communities through the Meijer Simply Give program, which replenishes the shelves of food pantries throughout the Midwest.

Parking for the 5K event will be at Rockford High School, 4100 Kroes St. NE.

To register, and for more information on the Meijer LPGA 5K Run and Breakfast presented by Kellogg’s, please visitwww.meijerlpgaclassic.com.

The Meijer LPGA Classic presented by Kraft will host a full field of 144 of the world’s best female golfers playing 72 holes of stroke play over four days of competition Aug. 7-10 at Blythefield Country Club. Please purchase tickets, which range from $15 to $50, at MeijerLPGAClassic.com.

About Meijer Simply Give
Meijer is a family-owned retailer based in Grand Rapids, Mich. with a fundamental philosophy aimed at strengthening the communities it serves. Meijer operates 210 supercenters and grocery stores throughout Michigan, Ohio, Indiana, Illinois and Kentucky, and proudly donates more than 6 percent of its net profit each year to charities throughout the Midwest. With hunger as a corporate philanthropic focus, Meijer partners with hundreds of food banks and pantries through its Simply Give and food rescue programs. Meijer also supports education, disaster relief, and health and wellness initiatives. For additional information on Meijer philanthropy, please visit www.meijer.com. Follow Meijer on Twitter @twitter.com/Meijer and @twitter.com/MeijerPR or become a fan at www.facebook.com/meijer.

About Blythefield Country Club
Located just north of Grand Rapids, Blythefield has been providing families the best golf and social experience in West Michigan since 1928. With the Rogue River flowing through, Blythefield boasts one of the most beautiful championship layouts in Michigan. Previously, Blythefield has hosted the 1953 Western Amateur, the 1961 Western Open, won by Arnold Palmer, and the 2005 Western Junior won by Rickie Fowler. Beginning in 2014 Blythefield is honored to host the Meijer LPGA Classic. Learn more about Blythefield Country Club at www.blythefieldcc.org.

About the LPGA (Ladies Professional Golf Association)
The LPGA is the world’s leading professional golf organization for women. Founded in 1950, the association celebrates a diverse and storied membership with more than 2,300 members representing more than 30 different countries. With a Vision to inspire, empower, educate and entertain by showcasing the very best of women’s golf, LPGA Tour Professionals compete across the globe, while dedicated LPGA Teaching and Club Professionals (T&CP) directly impact the game through teaching, coaching and management. The Symetra Tour consistently produces a pipeline of talent ready for the world stage. The LPGA is headquartered in Daytona Beach, Florida. Follow the LPGA on its television home, Golf Channel, and on the web via: www.LPGA.comwww.facebook.com/lpga.official,www.twitter.com/lpga, and www.youtube.com/lpgavideo.

About Octagon Global Events
Octagon Global Events is a division of Octagon, the world’s largest sports and entertainment representation and marketing agency. Octagon Global Events focuses on premium event/property management, providing strategic corporate solutions. The division currently manages two Champions Tour events, two LPGA Tour events and the Toyota Texas Bass Classic. For more information, visit http://www.octagonglobalevents.com.

Contacts: Lesley Baker, Lesley.Baker@octagon.com, 616-426-6225; Christina Fecher, Christina.Fecher@meijer.com, 616-735-7968

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The Meijer LPGA Classic presented by Kraft added another community event to tournament week A 5K Run and Breakfast

 

CBRE and Maastricht University joint project 2014 Green Building Adoption Index finds Minneapolis is leading U.S. market for green commercial real estate

Study Points to Significant Growth Since 2005 in Green Building Spaces in the U.S.

​Los Angeles, 2014-6-25 — /EPR Retail News/ — Minneapolis is the U.S. city with the highest percentage of green commercial space, and green commercial real estate nationwide has increased significantly since 2005.Those are key findings of the 2014 Green Building Adoption Index, a joint project of CBRE Group, Inc. (NYSE:CBG) and Maastricht University.

Other findings include:

  • After Minneapolis, where 77.0% of the commercial real estate space is certified as green, the cities with the highest percentage of green space are San Francisco (67.2%), Chicago (62.1%), Houston (54.8%) and Atlanta (54.1%).
  • Adoption of all-green standards in the U.S. has increased significantly since 2005. During that time, Energy Star-labeled buildings increased nearly 600%, and the proportion of buildings that are LEED (Leadership in Energy and Environmental Design) certified increased from less than 0.5% in 2005 to 5.0%, a more than 1,000% increase.
  • Measured by floor area, LEED-certified space now totals 19.4% of the total building stock in the 30 office markets reviewed in the project.

“We have all seen the rapid growth in the number of green-certified buildings in the markets in which we work; however, we were quite surprised to see how large the numbers actually are. Green is absolutely the new norm,” said Dave Pogue, CBRE’s Global Director of Corporate Responsibility. “We wanted to do something in the built environment to help advance the discussion of sustainability. With the Real Green Research Challenge, we have the opportunity to affect the entire real estate industry and have a lasting effect on the way real estate is built, occupied and financed, and in doing so be a force for positive environmental change.”

The Green Building Adoption Index is the first project completed under CBRE’s Real Green Research Challenge (RGRC). Launched in September 2012, the RGRC is CBRE’s US$1 million commitment to fund leading-edge sustainability research and innovation in commercial real estate.

Led by Dr. Nils Kok of Maastricht University of the Netherlands in close collaboration with the U.S. Green Building Council (USGBC) and CBRE, the study quantifies the dynamics of the growing market for green building space in U.S. markets. The study uses Environmental Protection Agency Energy Star and USGBC LEED statistical data from 2005 through 2013 and includes more than 34,000 buildings (totaling more than 3.5 billion square feet) in the central business districts of the top 30 U.S. markets (by square footage).

“This is the first study to quantify the relevance of green building practices in the commercial real estate market,” said Dr. Nils Kok, Associate Professor in Finance and Real Estate, Maastricht University. “While we all know examples of LEED-certified buildings, the results presented here are facts based on a robust methodology, not anecdotal evidence. The evidence shows that green has become mainstream in all major U.S. cities.”

Through its RGRC, CBRE is also providing funding and organizational support to sustainability projects developed by the Natural Resources Defense Council, Stanford University and the EURO Institute of Real Estate Management as well as a joint project developed by Cleveland State University and Central Michigan University.

To download the full report, please click here. For more information about the RGRC, please visit www.cbre.com/rgrc.

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.

About Maastricht University, the Netherlands
Maastricht University is a public university in Maastricht, the Netherlands. Founded in 1976, the university is the second youngest of the 13 Dutch Universities. The Department of Finance at Maastricht University performs research in all fields of finance, with particular interest for: Financial Economics, Econometrical Finance, Real Estate, ESG, and Marketing-Finance. The real estate group of the Finance department is the catalyst for research efforts in three mains areas: real estate investment performance, the economics of energy efficient and “green” building, and the effects of demography on real estate markets. Maastricht University has built a strong reputation in real estate research and education, both for its academic rigor and for its practical relevance. The department brings together the real estate knowledge of Maastricht University and its academic and industry partners in Europe and beyond. Please visit www.maastrichtuniversity.nl.

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Foodstuffs: Four Square Coromandel to open in late 2014

Auckland, New Zealand, 2014-6-25 — /EPR Retail News/ — Coromandel township locals can look forward to a new Four Square in late 2014, as work commences at the new site on the corner of Wharf Road and Charles Street this week. 

Angela Bull, Foodstuffs (North Island) General Manager Property Development is thrilled the Coromandel community will soon have a new store to get their grocery and household items.

“Four Square has been an iconic part of the Coromandel community for almost 30 years and it’s fantastic locals will have a new replacement store with an improved fresh food and grocery offer and plenty of room, to ensure a more enjoyable shop,” says Bull. “We are delighted to be investing in Coromandel township with a great Four Square offer.”

Peter and Lesley Pritchard, owners of Four Square Coromandel are excited about the replacement store.

“The new Four Square will be a fantastic addition to the Coromandel community, with a bigger store and greater range of fresh and everyday products. It has been a long wait and we would like to thank our customers for their support and patience,” says Peter Pritchard. “I am also pleased to report that the new Four Square Coromandel store will have on-site parking which promises to make our customers’ shopping experience even easier.”

Demolition of the existing building will commence on 30 June 2014 with the new store expected to be open to customers before Christmas 2014. The current Four Square will be open and continue to provide customers with usual service until the new store is ready to open.

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Foodstuffs: Four Square Coromandel to open in late 2014

Foodstuffs: Four Square Coromandel to open in late 2014

Harris Teeter gives back to the community with donation of $45,000 to three local food banks

Matthews, N.C., 2014-6-25 — /EPR Retail News/ — Harris Teeter gives back to the community with donation of $45,000 to three local food banks

Who:      Harris Teeter, Food Bank of the Albemarle, The Foodbank of the Virginia Peninsula and the Foodbank of Southeastern Virginia and the Eastern Shore

What:      Harris Teeter is giving back to the community with a donation of $45,000 to three local food banks.  District Manager Shawn Helton will present $15,000 checks to each food bank to help those organizations provide hunger relief to community members-in-need.

When:     Friday, June 27, 2014 at 10 a.m.

Where:   Greenbrier Market  Harris Teeter
1216 Greenbrier Parkway
Chesapeake, Va. 23320

Why:       Harris Teeter is committed to supporting hunger-relief efforts in its marketing areas,   and the donation was made possible thanks to the Company’s northern region team   members who hosted a golf tournament to raise money for our food bank partners.

*** Live shots welcome***

Sainsbury’s reduced sugar content in its own brand chilled juice drinks by 16.7 million teaspoons per year

LONDON, 2014-6-25 — /EPR Retail News/ — As part of it’s commitment to being the best retailer for food and health, Sainsbury’s has reduced the sugar content in its own brand chilled juice drinks by 83.5 tonnes a year, which equates to over 16.7 million teaspoons or 329 million fewer calories per year.

The new healthier range of chilled juices will be available from 18 June and follows the success of the 30% reduced Cranberry Juice launched in June 2013, which uses extracts from natural stevia leaf for sweetness and which has proved very popular with customers.

The new chilled juices include Fruit Cocktail, Summerfruits and Pomegranate & Blueberry juice, perfect for this time of year, and all with 30% less sugar than their regular counterparts.

As well as adding new lines, from next month all of Sainsbury’s 1ltr and 2ltr chilled juice drinks will have reduced sugar content. This alone will lead to a reduction in sugar of an impressive 55.5 tonnes per year.

As part of its 20×20 Sustainability Plan, Sainsbury’s has pledged to continue to reduce salt, saturated fat, fat and sugar on own brand products and will continue to lead the way on clear nutritional labelling, enabling customers to make informed choices about their diet.

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Sainsbury’s reduced sugar content in its own brand chilled juice drinks by 16.7 million teaspoons per year