IKEA plugged-in the expansion of Maryland’s largest rooftop solar array on distribution center in Perryville

CONSHOHOCKEN, PA, 2014-7-3 — /EPR Retail News/ — IKEA, the world’s leading home furnishings retailer, today officially plugged-in an expansion of the solar array completed last April atop its Perryville, Maryland distribution center, the state’s largest such solar energy system.

Installation of the new panels began Fall 2013, and since then have nearly doubled the size of the original project, which already was the state’s largest rooftop array.

The 467,618-square-foot solar addition consists of a 2.2-MW system, built with 7,337modules, and will produce 2,695,355 kWh of electricity annually. Including the existingsystem, this distribution center’s total 4.9-MW solar installation of 25,913 panels now willgenerate 6,092,533 kWh of clean electricity yearly, the equivalent of reducing 4,299 tons ofcarbon dioxide (CO2), eliminating the emissions of 896 cars or powering 591 homes (calculatingclean energy equivalents at www.epa.gov/cleanenergy/energy-resources/calculator.html).

energy equivalents at www.epa.gov/cleanenergy/energy-resources/calculator.html).For the development, design and installation of the Perryville distribution center’s originaland expanded solar power system, IKEA contracted with Inovateus Solar LLC, an industryleadingsolar power distributor and integrator specializing in large-scale solar installations.

Last year, IKEA achieved its goal of completing solar installations atop nearly 90 percentof its U.S. buildings (39 out of 44 locations), with a generation goal of 38 MW. IKEA owns andoperates each of its solar PV energy systems – as opposed to a solar lease or PPA (powerpurchase agreement) – and globally has allocated $1.8 billion to invest in renewable energythrough 2015. This investment reinforces the company’s long-term commitment tosustainability and confidence in photovoltaic (PV) technology. Consistent with the goal of beingenergy independent by 2020, IKEA has installed more than 550,000 solar panels on buildingsacross the world and owns/operates approximately 157 wind turbines in Europe and Canada.

“We are fortunate to have the roof spaces and corporate commitment to nearly doublethe energy being generated by this facility,” said Steffen Daab, distribution center manager.“We are proud to make this investment and to grow our local sustainable footprint.”

IKEA, drawing from its Swedish heritage and respect of nature, believes it can be a goodbusiness while doing good business and aims to minimize impacts on the environment. IKEAevaluates locations regularly for conservation opportunities, integrates innovative materials intoproduct design, works to maintain sustainable resources, and flat-packs goods for efficientdistribution. U.S. sustainable efforts include: recycling waste material; incorporating keymeasures into buildings with energy-efficient HVAC and lighting systems, recycled constructionmaterials, warehouse skylights, and water-conserving restrooms; and operationally, eliminatingplastic bags from the check-out process, phasing-out the sale of incandescent light bulbs,facilitating recycling compact fluorescent bulbs, and by 2016 selling only LED bulbs. IKEA U.S.has solar arrays atop 90% of its locations, has announced plans to purchase 49 wind turbinesin Illinois, and has rolled-out EV charging stations at 13 stores.

Constructed on 278 acres in the community of Perryville, in Northern Maryland’s CecilCounty, this 1.7 million-square-foot IKEA distribution center began operations in 2002,employs approximately 550 coworkers, and currently helps provide inventory to many U.S.IKEA stores. This amount of solar power will allow the facility to mostly use its own energy.

Since its 1943 founding in Sweden, IKEA has offered home furnishings of good designand function at low prices so the majority of people can afford them. There are currently morethan 350 IKEA stores in 44 countries, including 38 in the U.S. IKEA incorporates sustainabilityinto day-to-day business and supports initiatives that benefit children and the environment.For more information, see IKEA-USA.com, @DesignByIKEA or IKEAUSA on facebook,youtube.com/IKEAUSA, instagram.com and pinterest.

Contact: Joseph Roth, U.S. Public Affairs
(610) 834-0180, ext. 6500

Marks & Spencer announces changes to its Executive Team’s responsibilities that will see UK Retail & M&S International represented at Board level for the first time

LONDON, 2014-7-3 — /EPR Retail News/ — Marks & Spencer today announces a number of changes to its Executive Team’s responsibilities that will see UK Retail & M&S International represented at Board level for the first time.

The changes are part of M&S’s aim to drive greater accountability and responsibility across the business and will start with accountability for strategic areas of the business being delegated across the Executive Team.

To ensure one view of the customer, Laura Wade-Gery, Executive Director, Multi-Channel, assumes responsibility for UK Retail, in addition to her current M&S.com remit. Sacha Berendji, Retail Director, will report into Laura.

In order to accelerate M&S’s global brand position, the International business will now report in to Patrick Bousquet-Chavanne alongside his current responsibilities as Executive Director, Marketing & Business Development. Costas Antimissaris, currently Business Development Director, International, is appointed International Director, reporting to Patrick.  Jan Heere, current International Director, is leaving the business to return to Russia.

Steve Rowe, Executive Director, Food, and John Dixon, Executive Director, General Merchandise, will have operating profit responsibility for their respective trading areas, as will Laura and Patrick.

Alan Stewart, Chief Finance Officer, adds Property to his responsibilities as part of his financial asset management role. Hugo Adams, currently Executive Assistant to Marc Bolland, is appointed Property Director, reporting in to Alan.

Marc Bolland, M&S Chief Executive, said: “Over the last three years, we have worked hard to transform M&S into an International, Multi-channel retailer that is fit for the future of retail. We now have the right infrastructure in place to take our business forward, and as we enter the next phase of our plan, we need to make sure our team structures and internal processes allow us to move with pace, simplicity and speed.”

Alongside the Executive Team changes, M&S has also announced an internal realignment of responsibilities to drive more accountability and responsibility across the organisation. Increased spans of control, streamlined processes, and a more collaborative way of working will combine to promote swifter decision making and a speedier response to customers’ needs.

To support this, M&S has developed four core values built on the founding principles that have guided M&S’s business over the last 130 years. They support M&S’s new customer promise of ‘Enhancing lives. Every day’ and are: Inspiration, Innovation, Integrity and In-Touch.

All changes to Executive responsibilities start with immediate effect and the new values and organisational changes will be implemented collaboratively over the coming months.
– Ends –
For further information, please contact:

M&S Corporate Press Office  020 8718 1919

David Beckham introduces new styles and fresh trends to his David Beckham Bodywear range for H&M this autumn

Stockholm, Sweden, 2014-7-3 — /EPR Retail News/ — This autumn, David Beckham is introducing new styles and fresh trends to his David Beckham Bodywear range for H&M, again with a focus on comfort, fit and function. The collection launches globally on August 21 in all H&M stores that carry menswear, as well as online.

“These new pieces for my Bodywear range at H&M have a real energy about them. I genuinely enjoy the creative process with H&M and we have had fun this time playing with colour and texture. I hope people like them as much as I do.” says David Beckham.

New this autumn are checked woven pyjama pants in cotton poplin, in a fresh shade of blue. Other new styles include colour-blocked Henleys and Long Johns that contrast cotton with wool, as well as heavy knit cotton boot socks and cotton beanies.

Colour-blocking and stripes are the main themes, especially on a crewneck sweatshirt, where a trim of vertical stripes contrasts with the grey colour-blocked body and sleeves. This trim of vertical stripes is also found on pyjama t-shirts, jersey pyjama pants and shorts.

Cobalt blue is the key shade of the season, complimenting the classic shades of grey and black that run through the collection, as with the horizontal striped Henley’s in blue and black or shades of grey.

David Beckham Bodywear for H&M has been an instant global success since its launch in February 2012. The collection is centred on a core range of bodywear pieces designed for fit and functionality as well as great style. Fresh styles and updates are added each season, making David Beckham Bodywear at H&M a brand trusted by men around the world.

GLOBAL MEDIA INQUIRIES

Only for media representatives
Phone: +46 8 796 53 00
Email: mediarelations@hm.com

Please note the contact details above are only for media representatives. For other enquiries contact H&M’s switchboard on +46 8 796 55 00.

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David Beckham Bodywear

David Beckham Bodywear

Lowe’s Companies, Inc. announces the appointment of Narayan Ram as managing director for India

BANGALORE, INDIA, 2014-7-3 — /EPR Retail News/ — Lowe’s Companies, Inc. (NYSE: LOW) announced today that Narayan Ram will join the Company as managing director for India, where he will be responsible for overall strategy and operations.  He will report to Lowe’s Chief Financial Officer Robert F. Hull.

Ram joins Lowe’s from Sony, where he served most recently as head of Sony’s Global Delivery Center for IT and Processes in India. He brings more than 24 years of experience in Information Technology (IT) and Information Technology Enabled Services (ITES) to Lowe’s.

He will lead the new Lowe’s Customer Support Center in Bangalore (Lowe’s Services India Private Limited), established to expand the Company’s analytics and technology functions in an area with critical access to a rich talent base.

“Ram’s experience building and leading a world-class service delivery team will help Lowe’s further its transformation to an omni-channel retailer with advanced web search, mobile and social systems,” explained Hull. “His ability to integrate world-class business practices and technology platforms will further our ability to rely on data-driven analysis to inform business decisions.”

In his new role, Ram will build a highly collaborative team to support data-driven analytical and technical functions. He will work with partners across the global organization to apply the power of analytics and technology to the Lowe’s business to ensure customers can engage with Lowe’s whenever and however they need support and inspiration for home improvement projects.

About Lowe’s
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company serving approximately 15 million customers a week in the United States, Canada and Mexico. With fiscal year 2013 sales of $53.4 billion, Lowe’s has more than 1,830 home improvement and hardware stores and 260,000 employees. Founded in 1946 and based in Mooresville, N.C., Lowe’s supports the communities it serves through programs that focus on K-12 public education and community improvement projects. For more information, visit Lowes.com.

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NRF: Amazon.com joined the ranks of the 10 largest companies in the annual ranking of U.S. retailers by domestic sales featured STORES Magazine’s July issue

WASHINGTON, 2014-7-3 — /EPR Retail News/ — For the first time since STORES Media  began reporting on the Top 100 largest retailers in America, Amazon.com has joined the ranks of the 10 largest companies, rising to No. 9 from 11 last year. Amazon’s domestic sales increased 27.2 percent between 2012 and 2013. The annual ranking of U.S. retailers by domestic sales, featured in the July issue of STORES Magazine was compiled by Kantar Retail and sponsored by Island Pacific and NEC.

“Amazon is spreading its roots beyond its core of online retail, yet the impact this Seattle-based behemoth has had on the changing face of retail is unmistakable. Breaking into the top ten is an impressive feat that speaks to Amazon.com’s growth,” said STORES Editor Susan Reda. “Notable as that is, brick and mortar retailers are keeping pace by continuously reinventing themselves to better serve today’s anytime, anywhere shopper.”

Wal-Mart once again takes the top spot with U.S. sales of $334 billion in 2013. Kroger held on to the number two ranking for the fifth year in a row, with reported domestic sales of more than $93 billion.

Costco (3) and Target (4) swapped spots this year, as Costco saw domestic sales increase 5.2 percent , while Target’s sales  decreased 0.9 percent Between 2012 and 2013.  Home Depot (5), Walgreen (6), CVS Caremark (7), and Lowe’s (8) each maintained their spots on the list. Safeway rounds out the list at the No. 10 spot this year.

Other noticeable changes in the list include IKEA North America’s jump from 95 to 88 on domestic sales growth of 6.8 percent. Boise, Idaho-based Albertsons climbed from 96 to 21 as a result of a merger with Safeway. Earlier this year Cerberus Capital Management agreed to buy Safeway for $9 billion, and the Albertsons-Safeway combination will create a company with more than 2,400 stores, 27 distribution facilities and 20 manufacturing plants.

“Amazon’s rise into the top 10 is symbolic of a shift in U.S. retail towards a genuinely multichannel future,” said Kantar Retail Chief Knowledge Officer Bryan Gildenberg. “Retailers that command the Top 100 in the future will have an in-depth knowledge of their shoppers across their physical and digital touchpoints, and they’ll all have to fend off Amazon’s game changing economic and operating model”.

For in-depth analysis on the retail power players and notable trends with the nation’s largest retail companies, read the complete article on NRF.com.

About the Survey

The STORES Top 100 Retailers are listed by U.S. sales, which may include estimates for private or closely-held companies. Retailers included in the Top 100 either have group headquarters located in the United States or are foreign entities with significant operations in the U.S. market. For retailers with group headquarters located overseas, data is presented for North American operations only. Revenues from major non-retailing operating segments are excluded where data availability allows.

Kantar Retail (www.kantarretail.com) is a global retail insights and consulting business that works with clients to transform the behavior of shoppers and retailers. Kantar Retail serves the world’s leading retailers and manufacturers and has offices in 15 markets around the globe. By combining the resources of Cannondale, Glendinning, MVI and Retail Forward, the company solves client issues from tactical to strategic. Kantar Retail is headquartered in London and is part of the Kantar Group of WPP.

STORES Media is the publishing group of the National Retail Federation (NRF), the world’s largest retail trade association. STORES Media offerings include STORES magazine (print, digital and mobile versions), STORES.org, STORES Knowledge Series and STORES Weekly. STORES products report on the broad spectrum of strategic issues facing senior retail executives, including: retail technology, supply chain and logistics, credit and payment systems, loss prevention, human resources, omni-channel retailing, communications, marketing, merchandising and other vital store operations.

Kathy Grannis
(202) 783-7971
press@nrf.com
(855) NRF-Press

British Retail Consortium research: 80% of MPs believe the current system of business rates is “not fit for purpose and in need of fundamental reform”

LONDON, 2014-7-3 — /EPR Retail News/ — New research published today by the British Retail Consortium finds that 80% of MPs believe the current system of business rates is ‘not fit for purpose and in need of fundamental reform’. The poll which also finds that 93% agree that ‘reform of business rates is an important area for the future success of the high street and town centres,’ demonstrates the emergence of a cross-party consensus on the need for reform. The BRC is calling on party leaders to sign up to reform in the run up the 2015 General Election.

The BRC is now publishing Manifesto Milestones, the next step in its campaign to see the complete reform of the UK business rates system by 2017. The BRC has previously highlighted the impact the current business rates system has on the retail industry’s ability to invest and create employment opportunities.

Today’s publication calls on all political parties to commit to fundamental reform of business rates. The BRC believes those parties that make this commitment will win broad support from businesses across industries, both large and small, currently suffering the inequalities created by the business rates system.

Since the BRC published Road to Reform in February it has consulted widely with other business sectors, particularly those in manufacturing and with groups representing small businesses. Those conversations have created a shared agenda of the need for fundamental reform and have made clear that the business rate system is not just a retail problem, but a business problem.

Further analysis of the BRC’s ideas for reform have highlighted what is required for future reform, namely; the total amount of business rates should be reduced; business rates should flex with overall economic performance, as other taxes do; business rates should be shared equitably across the economy and; the system should have positive incentives to encourage energy efficiency.

Commenting on today’s report, Helen Dickinson, Director General of the BRC said:

“It is no longer an option to say that fundamental reform is too difficult or complicated – that particular ship has sailed. The challenge for politicians is to show us all how they are going to embrace the task of reform and deliver, with us, a system that is fit for the 21st century.

John Rogers (Chief Financial Officer, J Sainsbury), who has chaired the group of executive level members from right across the industry leading the project for the BRC said:

“Our work has brought together small and large businesses from across sectors and businesses, but particularly from manufacturing who are also victims of our outdated system of business rates. We believe a new consensus has emerged that sends the powerful message that business rates aren’t a retail problem, but a business problem”.

Nick de Bois (Conservative MP for Enfield North and member of the All Party Retail Group), said:

“The present business rates system is archaic and flawed. Often business rates exceed rents and are not linked to business performance. The Government have eased rates for many small business but these measures are only temporary fixes. We need structural reform and the BRC have made a useful contribution to this policy debate.”

Ends

Notes:
Populus interviewed 113 Members of Parliament on the Populus MP Panel between 24th April and 20th May 2014. Interviews were conducted by self-completion postal questionnaire and online. The results have been weighted to ensure they are representative of the party political make-up of the House of Commons. Populus is a member of the British Polling Council and abides by its rules. For a full description of the methodology, please visit www.populus.co.uk.

Media Contacts: BRC Press Office 020 7854 8953

Wesfarmers updates non-trading items expected to be included in its full-year results for the 2014 financial year

Perth, Australia, 2014-7-3 — /EPR Retail News/ — Wesfarmers provides the following update regarding non-trading items expected to be included in its full-year results for the 2014 financial year (FY2014). These non-trading items, which include the profit on sale of the Insurance division, a revision to Target’s carrying value and a provision for restructuring of Coles’ Liquor business, are expected to result in a net gain of approximately $261 million to $301 million (pre-tax).

Profits on sale of insurance underwriting and broking/premium funding operations Wesfarmers announced on 30 June 2014 that the sale of its insurance underwriting operations in Australia and New Zealand to Insurance Australia Group had been completed. Wesfarmers also announced on 16 June 2014 that the sale of its insurance broking and premium funding operations to Arthur J. Gallagher & Co had been completed.

These sale transactions collectively constitute the entire business operations of Wesfarmers’ Insurance division.

Wesfarmers expects to record a combined pre-tax profit on sale of approximately $1,035 million to $1,075 million. The final sale proceeds and profit impact of both transactions are subject to the finalisation of completion adjustments.

Target carrying value
Following completion of the Group’s impairment testing process, Wesfarmers expects to recognise an impairment charge of approximately $680 million (pre-tax) associated with the Coles Group goodwill apportioned to Target on acquisition in 2007.

This impairment charge to goodwill represents 35.2 per cent of Target’s carrying amount of allocated goodwill at 30 June 2013, and 4.5 per cent of the Group’s carrying amount of goodwill at 30 June 2013 (excluding goodwill associated with the Insurance division). The impairment charge is non-cash in nature and largely reflects an increase in the risk-adjusted discount rate applied to Target’s expected future cash flows.

Importantly, Wesfarmers has created substantial value across other Group divisions and notably across the portfolio of other acquired Coles Group businesses (Coles, Kmart and Officeworks) where overall the value created since the acquisition in 2007 significantly exceeds this impairment charge. The applicable accounting standards, under which Target’s impairment charge has been made, do not allow Wesfarmers to recognise these increases in value in its accounts.

The Group’s impairment testing process involves consideration of expected earnings¹ for FY2014, which for Target are expected to be in the range of $82 million to $88 million, 2015 financial year (FY2015) operating budgets and longer term divisional outlooks.

“Notwithstanding the revision to Target’s carrying value, we are pleased with the progress that has been made over the last 12 months in materially strengthening Target’s leadership team and we consider there to be many opportunities to significantly improve Target’s performance,” Wesfarmers Managing Director Richard Goyder said.

This non-cash impairment charge will have no impact on Wesfarmers’ normal business operations and development.

Business restructuring – Coles division (Liquor)
The Coles division expects to raise a provision of $94 million (pre-tax) related to restructuring activities commenced within its Liquor business. As indicated at Wesfarmers’ 2014 Strategy Briefing Day on 28 May 2014, the turnaround strategy of the Liquor business is focused on reshaping the store network, rationalising product ranges, improving the customer offer and increasing operational efficiency.

This provision relates to recently initiated activities to be implemented during FY2015 largely associated with store network restructuring, which will enable the Liquor business to improve the customer experience, increase store network productivity and establish a solid base for future growth.

Summary
The following table summarises these non-trading items expected to be included in the FY2014 full-year results.

Items Pre-tax earnings inclusion in FY2014 results ($ million)
Profits on sale
Insurance – Underwriting and Broking/Premium funding 
 1,035 – 1,075
Carrying value change

Target

(680)
Provisioning
Coles – Liquor business restructuring
(94)
Total 261 – 301

For further information:

Media Investors
Cathy Bolt Mark Scatena
Media & External Affairs Manager General Manager, Investor Relations & Planning
+61 8 9327 4423 or +61 417 813 804 +61 8 9327 4416 or +61 439 979 398

¹Earnings before interest and tax (EBIT)

Kimco Realty Corp. reported its transaction activity for the second quarter of 2014

NEW HYDE PARK, N.Y., 2014-7-3 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM), North America’s largest publicly traded owner and operator of neighborhood and community shopping centers, today reported its transaction activity for the second quarter of 2014. The company continued transforming its portfolio and simplifying its business model, highlighted by the acquisition of a 24-property retail portfolio in New England and a 12-property portfolio from the Kimco Income Fund (KIF I) joint venture, and by the disposition of four retail properties in Mexico. These and other key second quarter transactions are summarized below.

ACQUISITIONS
In the second quarter, Kimco acquired 36 high-quality shopping centers totaling approximately 3.0 million square feet for a gross purchase price of $678.0 million, including $158.7 million of mortgage debt. Details of these transactions are as follows:
• New England Portfolio: As previously announced, Kimco acquired a 24-property retail portfolio for a total purchase price of $270 million, including $120.5 million of mortgage debt. This 1.4-million-square-foot portfolio is 96% occupied and includes 17 shopping centers in the Boston metropolitan area, four other Massachusetts shopping centers, two grocery-anchored centers in northern New Jersey, and one Wal-Mart-anchored center in Danbury, Connecticut. The portfolio, which features a diverse tenant mix that includes Whole Foods, Trader Joe’s, Lowe’s, CVS and Walgreens, boasts an average population that is over 25% higher than that of Kimco’s collective retail portfolio and offers multiple redevelopment and re-tenanting opportunities.

• KIF I Portfolio: The company continued its simplification strategy of reducing the number of properties in joint ventures by acquiring the remaining 60.9% interest in the 12-property KIF I portfolio from its joint venture partners for a gross price of $408.0 million, including $38.2 million of mortgage debt. As part of this transaction, the company repaid $118.9 million of mortgage debt encumbering nine of the properties. In addition, Kimco earned a cash promote of approximately $18.8 million, which was used to reduce the company’s overall cash payment to $251.4 million.

In September 2010, Kimco initiated its portfolio transformation efforts to sell non-core, limited-growth properties in favor of acquiring high-quality shopping centers in the company’s key markets. Since the start of this initiative, Kimco has acquired a total of 123 U.S. retail properties, comprising 14.4 million square feet, for a gross purchase price of $2.8 billion, including $996.1 million of mortgage debt. These properties have, on a pro-rata basis, an average occupancy of 96 percent and are supported by excellent demographics, including an average household income of $92,000 within a three-mile radius.

DISPOSITIONS
United States
During the second quarter, Kimco sold ownership interests in 15 U.S. properties (seven wholly owned and eight unconsolidated properties held in joint ventures) totaling 1.7 million square feet for a gross sales price of $185.6 million, including $23.3 million of mortgage debt. The company’s share of the proceeds from these sales was $121.5 million.

Kimco currently has 50 properties for sale that are under contract, including several portfolios, totaling approximately $363.9 million.

Since the start of the company’s disposition efforts, Kimco has sold 169 retail properties, comprising 17.6 million square feet, for a gross sales price of $1.4 billion, including $325.9 million of mortgage debt. The company’s share of the proceeds from these sales was approximately $861.8 million. The properties that were sold had demographics below Kimco’s portfolio averages, including an average population level of 76,000 and a median household income level of $58,000 within a three-mile radius.

Latin America
As previously announced, the company completed the sale of four retail properties in Mexico for a gross sales price of 1.1 billion Mexican pesos ($82.1 million). Kimco’s pro-rata share of the proceeds was approximately 688.1 million pesos ($53.3 million).

In addition, the company has executed a contract of sale for three shopping centers in Mexico for a gross sales price of 1.5 billion pesos ($112.3 million) that is expected to close in the third quarter of 2014. Kimco’s pro-rata share of the sales price is approximately 1.3 billion pesos ($100.5 million). These transactions represent another step toward the company’s commitment to exit Latin America with a focus on its portfolio in the U.S. and Canada.

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 March 31, 2014, the company owned interests in 835 shopping centers comprising 122 million square feet of leasable space across 42 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.

Safe Harbor Statement
The statements in this news release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates, (vii) risks related to our international operations, (viii) the availability of suitable acquisition and disposition opportunities, and risks related to acquisitions not performing in accordance with our expectations, (ix) valuation and risks related to our joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until
maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s Securities and Exchange Commission (SEC) filings. Copies of each filing may be obtained from the company or the SEC.

The company refers you to the documents filed by the company from time to time with the SEC, specifically the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2013, as may be updated or supplemented in the company’s Quarterly Reports on Form 10-Q and the company’s other filings with the SEC, which discuss these and other factors that could adversely affect the company’s results.

– # # # –

CONTACT:
David F. Bujnicki
Vice President, Investor Relations and Corporate Communications
Kimco Realty Corporation
1-866-831-4297

7-Eleven, Inc. and PepsiCo launch two complementary food and beverage product innovations for 7-Eleven customers this summer

Dallas, 2014-7-3 — /EPR Retail News/ — 7-Eleven, Inc. and PepsiCo today announced the national launch of two complementary food and beverage product innovations for 7-Elevencustomers this summer. The two companies are launching Doritos Loaded, a bold, new snack sensation, and Mtn Dew Solar Flare, the first-ever exclusive Mountain Dew flavor for 7-Eleven’s Big Gulp® fountain drinks. The products, currently available only at 7-Eleven stores, were developed to be easily paired and will be launched with an integrated marketing and consumer-engagement program.

Doritos Loaded is a new snack, triangular in shape, loaded with melted cheese and encrusted with bold Doritos Nacho Cheese flavor. The melted-on-the-inside, crunchy-on-the-outside, nacho cheese creation is a portable, easy-to-eat hot snack. Doritos Loaded costs $1.99 for a box of four and is served warm.

Doritos Loaded can easily be paired with Mtn Dew® Solar Flare, which started to roll out in May. The beverage has the bold citrus flavor of Mountain Dew with a blast of tropical punch.

In addition to Mtn Dew Solar Flare, 7-Eleven also will pair Doritos Loaded with other PepsiCo beverages this summer to bring special offers to consumers. As part of its Doritos Loaded summer rollout, 7-Eleven will host five “Fully Loaded Fridays.” Each Friday between July 25 and Aug. 22, customers who purchase an order of Doritos Loaded will receive a free 20-ounce bottle of Pepsi-Cola Made With Real Sugar®.

Doritos Loaded was tested earlier this year in a few Washington, D.C.-area 7-Eleven stores.People who discovered the new snack posted photos and mini-reviews describing the product as “inside-out nachos” and “Nacho Cheese Doritos dipped in queso.” These unofficial reviews landed on news websites, blogs, Facebook and Twitter, months before the product’s launch today, and created demand for the product.

“Doritos Loaded is a never-been-done-before, bold experience with a crunch and, particularly when paired with the intense flavor of Mtn Dew Solar Flare, creates the kind of snack I think our guests will love,” said Nancy Smith, 7-Eleven senior vice president of proprietary food and beverage merchandising. “Today, we are bringing these exclusive products to the rest of the country.”

“Doritos Loaded and Mtn Dew Solar Flare represent one of the boldest on-the-go snacking and beverage combinations to hit the marketplace in years,” said Kirk Tanner, president, PepsiCo Foodservice. “7-Eleven stores are a fixture in the daily lives of millions of our consumers, as are Doritos and Mountain Dew. We look forward to bringing these two great, new products to life in 7-Eleven stores across the country this summer.”

“PepsiCo is a terrific 7-Eleven partner that’s consistently bringing delicious, new food and beverage offerings to our stores,” said Smith. “We’re always looking to enhance the consumer experience and offer innovative products for our guests. This launch is the perfect example of how we’re bringing two complementary brands together in a really powerful way.”

McCain Foods, USA, a leading supplier of innovative snack food and potato products for the foodservice industry, is manufacturing Doritos Loaded. Doritos is a trademark of Frito-Lay North America. PepsiCo is the parent company of Frito-Lay, which created and markets Doritos brand tortilla chips. Mountain Dew is a product of PepsiCo Americas Beverages and is the No.-1 flavored carbonated soft drink in the U.S.

About 7-Eleven, Inc.
7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Based in Dallas, Texas, 7-Eleven operates, franchises or licenses more than 10,300 7-Eleven® stores in North America. Globally, there are some 53,100 7-Eleven stores in 16 countries. During 2013, 7-Eleven stores generated total worldwide sales close to $84.5 billion. 7-Eleven has been honored by a number of companies and organizations recently. Accolades include: #2 on Franchise Times Top 200 Franchise Companies for 2013; #3 spot on Entrepreneur magazine’s Franchise 500 list for 2012, and #3 in Forbes magazine’s Top 20 Franchises to Start. 7-Eleven is No. 3 on Fast Company magazine’s 2013 list of the “World’s Top 10 Most Innovative Companies in Retail” and among the Top Veteran-Friendly Companies for 2013 by U.S. Veterans Magazine and on GI Jobs magazine’s Top 100 Military Friendly Employers for 2014. Hispanic Magazine named 7-Eleven among its Hispanic Corporate Top 100 Companies that provide the most opportunities to Hispanics. 7-Eleven is franchising its stores in the U.S. and expanding through organic growth, acquisitions and its Business Conversion Program. Find out more online at www.7-Eleven.com.

About PepsiCo
PepsiCo products are enjoyed by consumers one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $66 billion in net revenue in 2013, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales.

At the heart of PepsiCo is Performance with Purpose – our goal to deliver top-tier financial performance while creating sustainable growth in shareholder value. In practice, Performance with Purpose means providing a wide range of foods and beverages from treats to healthy eats; finding innovative ways to minimize our impact on the environment and reduce our operating costs; providing a safe and inclusive workplace for our employees globally; and respecting, supporting and investing in the local communities where we operate. For more information, visit www.pepsico.com.

Contacts:
Margaret Chabris
7-Eleven, Inc.
972-828-7285
Margaret.Chabris@7-11.com

Jeff Dahncke
PepsiCo
914-253-3941
Jeff.Dahncke@PepsiCo.com

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7-Eleven, Inc. and PepsiCo launch two complementary food and beverage product innovations for 7-Eleven customers this summer

Rite Aid Corporation announces sales results for June 2014

CAMP HILL, Pa., 2014-7-3 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD) today announced sales results for June.

Monthly Sales

For the four weeks ended June 28, 2014, same store sales increased 3.9 percent over the prior-year period. June front-end same store sales increased 0.9 percent. Pharmacy same store sales, which included an approximate 169 basis points negative impact from new generic introductions, increased 5.4 percent. Prescription count at comparable stores increased 3.5 percent over the prior-year period.

Total drugstore sales for the four-week period increased 3.5 percent to $1.995 billion compared to $1.927 billion for the same period last year. Prescription sales accounted for 68.4 percent of drugstore sales, and third party prescription sales represented 97.5 percent of pharmacy sales.

Year-to-Date

Same store sales for the 17-week period ended June 28, 2014 increased 3.3 percent over the prior-year period. Front-end same store sales increased 0.2 percent while pharmacy same store sales increased 4.8 percent. Prescription count at comparable stores increased 2.6 percent over the prior-year period.

Total drugstore sales for the 17 weeks ended June 28, 2014 increased 2.8 percent with sales of $8.420 billion compared to $8.191 billion for the same period last year. Prescription sales represented 68.4 percent of total drugstore sales, and third party prescription sales represented 97.4 percent of pharmacy sales.

Rite Aid is one of the nation’s largest drugstore chains. On June 28, 2014, the company operated 4,574 stores compared to 4,612 stores in the like period a year ago. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at http://www.riteaid.com. Note that all sales data in this release is preliminary, unaudited and subject to revision.

Statements in this release that are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties that are described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K and in other documents that we file or furnish with the Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Rite Aid expressly disclaims any current intention to update publicly any forward-looking statement after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

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Contact:

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

Media: Susan Henderson 717-730-7766

J.C. Penney Company, Inc. sponsors country music star Blake Shelton’s 2014 “Ten Times Crazier” tour

  • Singer and Retailer to raise awareness and donations for USO
  • Retailer continues support of military troops and families with 20 percent discount for fourth of July Holiday

PLANO, Texas, 2014-7-3 — /EPR Retail News/ — J.C. Penney Company, Inc. (NYSE: JCP) today announced its sponsorship of country music star Blake Shelton’s 2014 “Ten Times Crazier” tour. As part of the sponsorship, JCPenney will build on its partnership with Shelton, a JCPenney Cares Ambassador since 2012, to raise awareness and support for America’s troops and military families through donations to the United Service Organizations (USO).

As a JCPenney Cares Ambassador, Shelton has been integral in drumming up support for the retailer‘s “round up” efforts supporting the USO. In July 2012 and December 2013, JCPenney customers were invited to round up their JCPenney purchases to the nearest dollar to support the USO. With help from its customers, JCPenney has been able to raise more than $5 million for the USO.

“JCPenney has a long standing relationship with the USO and we’re thrilled to continue to work with Blake to show our combined passion and dedication to our incredible military men, women and their families,” said Debra Berman, senior vice president of marketing for JCPenney.

From June 20-Oct. 5 during the “Ten Times Crazier” tour, JCPenney and Shelton aim to raise awareness and funds though a tweet-to-donate social media campaign inviting shoppers and fans to use #JCPandBlake4USO and tag @JCPenney in their social media posts. For every post, JCPenney will donate $1 to the USO, up to $200,000. JCPenney will promote the campaign with a PSA video featuring Shelton that will air before each concert. Additionally, JCPenney will be continuing its military support by offering an extra 20 percent off to all current and former military personnel and family members this Fourth of July holiday. The coupon can be found at jcpenney.com/military and will be valid for store purchases from July 2-6.

“Our troops are out there every single day protecting our country and I’m proud to do my part with JCPenney to support and salute them for everything they do,” said Blake Shelton. “I’m just blown away by their spirit, determination and loyalty to our country, and this is just one way to say thank you to them.”

As a presenting sponsor of Shelton’s tour, fans and JCPenney shoppers will also be treated to an array of pre-show and in-concert activities, including tour bus visits at select JCPenney stores in the following concert markets:

7/19 Lombard, Ill. Yorktown Shopping Center
8/1 New York, N.Y. Newport Center
8/2 Darien Center, N.Y. Batavia City Centre
8/29 Charlotte, N.C. Carolina Mall
8/30 Orlando, Fla. Orlando Fashion Square
9/4 Albuquerque, N.M. Coronado Center
9/5 Phoenix, Ariz. Christown Spectrum
9/6 San Diego, Calif. Chula Vista Shopping Center
9/11 Fresno, Calif. Fresno Fashion Fair
9/12 Sacramento, Calif. Yuba Sutter Mall
9/13 Mountain View, Calif. Cupertino Square
9/18 Spokane, Wash. Northtown Mall
9/19 Tacoma, Wash. Tacoma Mall
9/25 Boise, Idaho Boise Towne Square
9/26 Salt Lake City, Utah Valley Fair Mall
9/27 Denver, Colo. The Shops at Northfield Stapleton
10/4 Los Angeles, Calif. [JCPenney store location TBD]
10/5 San Bernardino, Calif. Victoria Gardens

For more information on Blake Shelton’s “Ten Times Crazier” tour, produced by Live Nation, visit www.blakeshelton.com.

JCPenney Media Relations:
(972) 431-3400 or jcpnews@jcp.com

About JCPenney:
J. C. Penney Company, Inc. (NYSE: JCP), one of the nation’s largest apparel and home furnishing retailers, is dedicated to fitting the diversity of America with unparalleled style, quality and value. Across approximately 1,100 stores and at jcpenney.com, customers will discover a broad assortment of national, private and exclusive brands to fit all shapes, sizes, colors and wallets. For more information, please visit jcpenney.com.

About the USO:
The USO lifts the spirits of America’s troops and their families millions of times each year at hundreds of places worldwide. We provide a touch of home through centers at airports and military bases in the U.S. and abroad, top quality entertainment and innovative programs and services. We also provide critical support to those who need us most, including forward-deployed troops, military families, wounded warriors, troops in transition and families of the fallen. The USO is a private, non-profit organization, not a government agency. Our programs and services are made possible by the American people, support of our corporate partners and the dedication of our volunteers and staff.

In addition to individual donors and corporate sponsors, the USO is supported by President’s Circle Partners: American Airlines, AT&T, BNSF Railway, Clark Construction Group, LLC, The Coca-Cola Company, Grand Canyon University, JCPenney, Jeep, Johnson & Johnson, Kroger, Northrop Grumman Corporation and TriWest Healthcare Alliance and Worldwide Strategic Partners: BAE Systems, BIC, The Boeing Company, ConAgra Foods, FedEx, Lockheed Martin, Microsoft Corporation, Procter & Gamble, TKS Telepost Kabel-Service Kaiserslautern GmbH & Co. KG and Wawa Inc. We are also supported through the United Way and Combined Federal Campaign (CFC-11381). To join us in this important mission, and to learn more about the USO, please visit uso.org.

About Blake Shelton:
GRAMMY nominated country superstar, Blake Shelton, is CMA Awards’ reigning “Male Vocalist of the Year” for the 4th consecutive year, the 2013 recipient of “Album of the Year” for his current platinum- selling album, Based On a True Story…. and a coach on NBC’s Emmy Award-winning reality singing competition series, The Voice. Noted to be one of the “most versatile of contemporary country singers,” according to The New York Times, Blake is currently celebrating making history with his 12th consecutive No. 1 and latest single, “My Eyes,” marking the most consecutive No. 1 records atop the country airplay charts by an artist. His fourth single off this album and 17th No. 1 overall, follows up his multi-week No. 1 smash hit, “Boys ‘Round Here,” “Doin’ What She Likes,” as well as, “Mine Would Be You,” which topped the charts for three weeks, making it one of the longest-charting country singles of 2013. Also a member of the Grand Ole Opry since 2010, Shelton has earned a host of other awards and nominations, including three GRAMMY nominations this year: Country Album of the Year, Country Solo Performance and Country Song of the Year for “Mine Would Be You.” Meanwhile, his earlier hit, the infectious multi-week No.1, “Honey Bee” still holds the record for the fastest-selling digital platinum single for a male country solo artist. “To a purist Mr. Shelton is a savvy student of tradition. To a would-be outlaw he’s forever adding a wink. He’s a star who is only as explicit as you want him to be,” explains The New York Times. Shelton’s passion for country music and his commitment to mentoring his teammates on The Voice make him an incredible ambassador for country music. For more information please visit: www.BlakeShelton.com

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