Russia’s largest food retailer Magnit ranked #1 on Boston Consulting Group’s “The Retail Top Ten” list

Krasnodar, 2014-7-17 — /EPR Retail News/ — OJSC “Magnit”, Russia’s largest food retailer (MICEX and LSE ticker: MGNT) tops the Boston Consulting Group’s (BCG) 2014 List of Value Creators ranking of “The Retail Top Ten” (see chart below). Magnit ranked #1 on list “The Retail Top Ten”, with an average annual TSR of 72.2% ahead of such global retailers as Whole Foods (#2), Starbucks (#6) and Amazon (#9).

The BCG Value Creators rankings are based on Total Shareholder Return (TSR) at 1,620 global companies from 2009 through 2013. To arrive at this sample, BCG began with TSR data for nearly 10,000 companies provided by Thomson Reuters. It eliminated all companies that were not listed on a world stock exchange for the full five years of BCG’s study or did not have at least 25 percent of their shares available on public capital markets. BCG further refined the sample by organizing the remaining companies into 26 industry groups and establishing an appropriate market-valuation hurdle to eliminate the smallest companies in each industry.

For further information, please see:
https://www.bcgperspectives.com/content/articles/value_creation_strategy_2014_value_creators_rankings/

For further information, please contact:

Timothy Post Director, Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562

Dina Svishcheva
Deputy Director, Investor Relations
Email: Chistyak@magnit.ru
Office: +7-861-277-45-54 x 15101
Mobile: +7-961-511-0202
Direct Line: +7-861-277-4562

Company description:
Magnit is Russia’s largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of June 30, 2014, Magnit operated 24 distribution centers and over 8,600 stores (7,614 convenience, 226 hypermarkets, and 778 cosmetics) in approximately 2,000 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the audited IFRS consolidated financial statements for 2013, Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 million USD. Magnit’s local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor’s of BB. Measured by market capitalization, Magnit is one of the largest retailers in Europe.

MAGNIT

7-Eleven, Inc. partners with local police departments to distribute up to 1 million free Slurpee coupons through Operation Chill™ program

Dallas, 2014-7-17 — /EPR Retail News/ — Crime doesn’t pay, but good behavior does, and for some kids this summer, the payoff might include a free Slurpee® drink at their neighborhood 7-Eleven® store. For the 19th year, 7-Eleven, Inc. is partnering with local police departments to distribute up to 1 million free Slurpee coupons through Operation Chill™, its popular community-service program.

Through Operation Chill, law enforcement officers from participating local police and sheriff departments “ticket” youngsters who are caught in random acts of kindness, good deeds or positive community activities with free Slurpee coupons.

Appropriate “offenses” might include helping another person, wearing a bicycle helmet while riding or skateboarding, deterring crime or participating in a police athletic league. During the summer months and back-to-school season, good kids in many neighborhoods, cities, towns and counties where 7-Eleven stores operate will receive free Slurpee coupons.

“Every year, 7-Eleven supplies the Suffolk County Police Department with Operation Chill coupons for us to distribute during our annual Police Week, with more than 3,500 students attending,” said Police Commissioner Edward Webber. “In addition, they supply free Slurpee coupons for each of our seven precincts. Our relationship with the staff at 7-Eleven has been wonderful, and allows us to interact and reward the kids who are strong members of their community.”

Big-city police departments and small-town forces alike receive the coupons that are redeemable for a free small Slurpee drink at participating 7-Eleven stores. This year, the convenience retailer will distribute Operation Chill coupons to approximately 700 agencies across the U.S. [List of participating agencies is attached at the end of this document.]

“Uniformed police officers sometimes can be intimidating to kids,” said Mark Stinde,7-Eleven vice president of asset protection, “and Operation Chill provides a positive reason to interact with children and youth. “Giving a child a free Slurpee coupon for doing good can help build relationships and reinforce doing the right thing, which might have a long-lasting impact.”

According to Stinde, police departments begin contacting 7-Eleven early each year to sign up for the annual program. Operation Chill coupons are being distributed to participating law enforcement agencies including ones in the greater Los Angeles, New York, Chicago, San Diego, Orlando, Tampa, Dallas, Denver and Las Vegas areas.

“Each year, both kids and law enforcement officers look forward to Operation Chill,” Stinde said. “Everyone loves Slurpee drinks, and having a reason to approach youngsters in a non-authoritative role gives police officers an opportunity to make connections with the community’s youngest citizens.”

Operation Chill was developed by 7-Eleven to encourage kids’ good behavior during the hot summer months when communities may experience increases in loitering, shoplifting and graffiti. Law enforcement agencies’ also use the coupons to support other community projects and organizations.

7-Eleven introduced the award-winning community service program in Philadelphia in 1995 before launching nationally the following the year. Since then, police officers have given away millions of Slurpee drinks to reward children and youth for “good behavior.” This year’s participating agencies are listed below.

7-Eleven’s proprietary Slurpee semi-frozen carbonated beverage has generational appeal with slurpers both young and old. More than a half-million Slurpee drinks are purchased each day during the summer at 7-Eleven stores across the country. This summer’s flavors include sugar-free Watermelon Punch Slurpee Lite. The retailer launched Slurpee Lite in 2012 as the first Slurpee-branded, first sugar-free frozen beverage available at participating 7-Eleven stores nationwide.

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 53,500 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.

CONTACT:
Margaret Chabris
7-Eleven, Inc.
972-828-7285
margaret.chabris@7-11.com

Family Dollar Stores, Inc. reports 3.3% net sales increase to $2.66 billion for the third quarter of fiscal 2014 ended May 31, 2014

  • Earnings Per Diluted Share of $0.71; Adjusted Diluted EPS of $0.85
  • Comparable Store Sales Decreased 1.8%
  • June Comparable Store Sales Approximately Flat
  • Management Reaffirms Guidance for Fourth Quarter of Fiscal 2014

MATTHEWS, NC, 2014-7-17 — /EPR Retail News/ — Family Dollar Stores, Inc. (NYSE: FDO) today reported that for the third quarter of fiscal 2014 ended May 31, 2014, net sales increased 3.3% to $2.66 billion. Net income per diluted share for the third quarter of fiscal 2014 was $0.71.  Adjusted third quarter fiscal 2014 net income per diluted share was $0.85 as compared to $1.05 in the third quarter of fiscal 2013. This year’s adjusted fiscal third quarter results exclude the negative impact on diluted net income per common share of $0.14 related to the Company’s restructuring initiatives as part of its previously announced strategic actions to strengthen its value proposition, increase operational efficiencies and improve financial performance. The tables included in this press release provide a reconciliation of GAAP to non-GAAP measures.

“We are executing our previously announced restructuring initiatives to improve our performance,” said Howard R. Levine, Chairman and CEO.  “Our recent investment to permanently lower prices is resonating with customers; we are seeing savings from our workforce optimization efforts; and we are on track to close approximately 370 underperforming stores by the end of the fiscal year. We remain confident that these steps will position the Company to improve our financial performance and deliver higher long-term shareholder returns.”

Third Quarter Results

“Our results continue to reflect the economic challenges facing our core customer and an intense competitive environment,” continued Levine.  “We are pleased that our comparable store sales results in the third quarter in all four merchandise categories improved relative to our second quarter results.  Although our sales results remain below our expectations, we are encouraged by the improving trends.”

Net sales for the third quarter ended May 31, 2014, increased 3.3% to $2.66 billion from $2.57 billion in the third quarter of fiscal 2013 ended June 1, 2013.  Comparable store sales for the 13-week period decreased 1.8% as a result of fewer customer transactions, partially offset by an increase in the average customer transaction value. Sales in the third quarter of fiscal 2014 were strongest in the Consumables category, driven primarily by strong growth in refrigerated/frozen food and tobacco.

Gross profit for the third quarter of fiscal 2014 was $910.9 million or 34.3% of net sales. During the quarter, the Company implemented a series of restructuring initiatives, including plans to close approximately 370 underperforming stores across the chain by the end of fiscal 2014. As a result, the Company incurred a $1.5 million inventory write-down in an effort to sell through merchandise at stores scheduled to close.

Excluding the inventory write-down, adjusted third quarter fiscal 2014 gross profit increased 2.2% to $912.3 million, or 34.3% of net sales, compared to $892.5 million, or 34.7% of net sales, in the third quarter of fiscal 2013.  As a percentage of sales, the impact on gross profit of stronger sales of lower-margin consumables, lower markups and higher markdowns was partially offset by lower inventory shrinkage.

Selling, general and administrative expenses (“SG&A”), as a percentage of net sales, were 28.8% in the third quarter of fiscal 2014 compared to 27.4% in the third quarter of fiscal 2013.  Most expenses were deleveraged as a result of the decrease in comparable store sales. As a percentage of net sales, the impact on SG&A of higher store occupancy, labor and advertising costs was partially offset by lower incentive compensation expenses.

In the third quarter of fiscal 2014, the Company incurred a $23.0 million charge as part of its previously announced restructuring initiatives including planned store closures and workforce optimization. This restructuring charge consisted primarily of property and equipment impairments and termination benefits directly associated with the store closings and workforce optimization.

Operating profit in the third quarter of fiscal 2014 was $120.8 million.  As discussed above, the Company’s third quarter fiscal 2014 operating profit includes $24.5 million of charges related to the Company’s restructuring activities. Excluding the charges, adjusted third quarter fiscal 2014 operating profit was $145.3 million, or 5.5% of net sales, compared with $188.4 million, or 7.3% of net sales, in the third quarter of fiscal 2013.

The effective tax rate was 33.1% for the third quarter of fiscal 2014 compared with 36.2% for the third quarter of fiscal 2013. The effective tax rate was lower primarily due to foreign tax benefits associated with the Company’s global sourcing efforts and increased tax benefits associated with federal jobs tax credits.

Net income for the third quarter of fiscal 2014 was $81.1 million. Adjusted third quarter fiscal 2014 net income was $96.5 million as compared to $120.9 million in the third quarter of fiscal 2013.

The Company’s merchandise inventories as of May 31, 2014, were $1.59 billion compared with $1.47 billion as of June 1, 2013.  Average inventory per store at the end of the quarter was 2.1% higher than the average inventory per store at the end of the third quarter of fiscal 2013.

During the third quarter of fiscal 2014, the Company opened 111 new stores, closed 3 stores, and renovated, relocated or expanded 266 stores.

In the 39-week period ended May 31, 2014, capital expenditures were $307.2 million compared with $599.7 million in the 40-week period ended June 1, 2013. During the 39-week period, the Company spent $106.5 million related to new stores; $92.9 million on its store renovation program; $50.6 million on existing stores; $37.0 million related to corporate and technology investments; and $20.2 million on supply chain investments.

In the 39-week period ended May 31, 2014, the Company repurchased approximately 1.8 million shares of its common stock for a total cost of $125.0 million and paid $94.8 million in dividends to shareholders. As of May 31, 2014, the Company had authorization to purchase up to an additional $245.8 million of its common stock.

Strategic Plan Update

As part of its ongoing business review, the Company is taking deliberate actions to strengthen its value proposition, increase operational efficiencies and improve its financial performance. As previously announced, the Company has:

· Lowered prices on nearly 1,000 basic items, investing more than $50 million, on an annualized basis, to deliver more compelling values to customers;

· Reduced corporate overhead and re-aligned key organizational functions to improve execution and reinforce a commitment to being an efficient, low-cost retailer;

· Launched a process to close approximately 370 underperforming stores in the second half of fiscal 2014; and

· Made plans to slow new store growth beginning in fiscal 2015. The Company now expects to open 350-400 new stores in fiscal 2015, down from approximately 525 new stores in fiscal 2014.

In addition, the Company is investing in longer-term initiatives to drive more profitable growth.  These initiatives include:

· Building on efforts to capture more food trips, the Company intends to further expand its cooler program beginning in fiscal 2015;

· Continuing to expand traffic-driving categories with a multi-year rollout of beer and wine, beginning in fiscal 2015; and

· Leveraging the scale and considerable diversity of the chain to launch a multi-year clustering initiative designed to enhance store productivity.

The Company’s in-depth business review remains on-going, and the Board and management team continue to evaluate additional opportunities to drive efficiency in stores, and further increase value and convenience for the customer.

Outlook

For the fourth quarter of fiscal 2014, the Company expects that comparable store sales will be approximately flat and that earnings per diluted share will be between $0.75 and $0.85, excluding approximately $0.37 related to restructuring charges. Including the restructuring charges, the Company expects earnings per diluted share will be between $0.38 and $0.48.

For the 52-week year ending August 30, 2014, the Company expects that earnings per diluted share will be between $3.07 and $3.17, excluding approximately $0.51 per share related to restructuring charges. Including the restructuring charges, the Company expects earnings per diluted share will be between $2.56 and $2.66.

The Company’s outlook for fiscal 2014 is based on the following assumptions which may or may not prove valid:

· A low-single digit increase in net sales, excluding the impact of the extra week in fiscal 2013;

· A low-single digit decline in comparable store sales;

· Approximately 525 new store openings and approximately 400 store closings;

· A decline in gross profit, as a percentage of sales;

· SG&A expense de-leverage based on our comparable store sales outlook;

· An effective income tax rate between 34.5% and 35.0%; and

· Capital expenditures of between $450 million and $500 million.

 

Cautionary Statements

Certain statements contained in this press release are “forward-looking statements” that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements address certain plans, activities or events which the Company expects will or may occur in the future and relate to, among other things, the state of the economy, the Company’s investment and financing plans, net sales, comparable store sales, store openings and closings, restructuring charges, restructuring initiatives, workforce optimization, gross profit, income tax rates, capital expenditures, cost of sales, SG&A expenses, earnings per diluted share, dividends and share repurchases. Various risks, uncertainties and other factors could cause actual results to differ materially from those expressed in any forward-looking statement. Consequently, all of the forward-looking statements made by the Company in this and in other documents or statements are qualified by factors, risks and uncertainties, including, but not limited to, those set forth under the headings titled “Cautionary Statement Regarding Forward-Looking Statements” and “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission up to the date of this release.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company does not undertake to update or revise these forward-looking statements even if experience or future changes make it clear that projected results expressed or implied in such statements will not be realized, except as may be required by law.

In addition, the amounts and timing of all estimates are subject to change. The actual amounts and timing may vary materially based on various factors, including the timing of store closings; the timing and amount of sublease income and other lease expense; factors relating to real estate including sale proceeds; asset write-downs and other factors affecting inventory value; changes in management’s assumptions; and other factors.

 

Earnings Conference Call Information

 

The Company plans to host a conference call with investors today, July 10, 2014, at 10:00 a.m. ET to discuss the results. The Company will also discuss business initiatives, plans and expectations for fiscal 2014. After some prepared remarks by management, participants will have an opportunity to ask questions. The Company’s responses to questions, as well as other matters discussed during the conference call, may include information that has not been disclosed previously.

If you wish to participate, please call (800) 890-0881 for domestic US calls and (719) 325-2295 for international calls at least 10 minutes before the call is scheduled to begin. The passcode for the conference call is 3827795 or “FAMILY DOLLAR.”

A live webcast of the conference call with accompanying slides can be accessed at the following link.http://investor.familydollar.com/investors-relations/default.aspx

A replay of the webcast will be available at the address noted above after 11:00 a.m. ET, July 10, 2014. 

About Family Dollar

For more than 54 years, Family Dollar has been providing value and convenience to customers in easy-to-shop neighborhood locations. Family Dollar’s mix of name brands and quality, private brand merchandise appeals to shoppers in more than 8,200 stores in rural and urban settings across 46 states. Helping families save on the items they need with everyday low prices creates a strong bond with customers, who often refer to their neighborhood store as “my Family Dollar.” Headquartered in Matthews, North Carolina, just outside of Charlotte, Family Dollar is a Fortune 300, publicly held company with common stock traded on the New York Stock Exchange under the symbol FDO. For more information, please visit www.familydollar.com.

 

Family Dollar Contacts:

INVESTOR CONTACT:

Kiley F. Rawlins, CFA

(704) 708-2858

krawlins@familydollar.com

MEDIA CONTACT:

Bryn R. Winburn

(704) 708-1653

bwinburn@familydollar.com

 

J. C. Penney Company, Inc. announced the launch of new back-to-school marketing campaign that celebrates self-expression

PLANO, Texas, 2014-7-17 — /EPR Retail News/ — Underscoring its commitment to fit every shape, size, color, wallet, style and occasion, J. C. Penney Company, Inc. (NYSE:JCP) today announced the launch of a new back-to-school marketing campaign that celebrates self-expression, showing how the perfect fit inspires kids to stand out and feel one-of-a-kind. The campaign kicks off today with two television spots, “Stand Out” and “My Fit,” as well as a Hispanic marketing spot, to showcase how JCPenney merchandise lets kids and teens reflect their personalities and express themselves.

“From students heading back to school to women refreshing their wardrobes and homes for fall, everyone is looking for an opportunity to express their individuality, creativity and distinctive style this season,” said Deb Berman, senior vice president of marketing for JCPenney. “At JCPenney, we’re committed to helping each customer find the look that fits them best – so they can take on the playground, the hallway, even the boardroom in style.”

Back-to-School Style for Kids…and Mom!
When shopping at JCPenney, kids can get the looks that are “so them” while Mom gets the satisfaction of taking care of her family at a price that fits her wallet. With a vast selection of apparel and accessories from private and national brands such as Arizona®, Xersion™, Levi’s®, Nike®, Disney, Flirtitude® and more, along with beauty offerings from Sephora inside JCPenney and jcp salon, JCPenney offers a truly one-stop-shopping destination for back-to-school. Additionally, JCPenney continues to be a leading retailer for denim, special sizes and school uniforms – all key categories for the back-to-school season. College-bound students can also find a selection of dorm décor and accessories from the “Dorm Life” shop, available in-store and online.

Back-to-school is also a great time for mom to update her fall wardrobe with brands like Liz Claiborne®, a.n.a®, Worthington®, Ambrielle® and St. John’s Bay®. While kids take advantage of $10 haircuts and $29.99 select eyeglasses, mom is eligible for a fall mini makeover with a $25 “Just For Mom” jcp salon deal that includes a deep conditioning, hair blowout and eyebrow wax. These services will be available July 20 – Sept. 6.

Express Yourselfie
JCPenney’s self-expression campaign features an interactive digital experience, “Express Yourselfie,” also launching today. Customers are invited to visit JCPenney’s back-to-school online hub, jcpenney.com/bts, where they can create a personalized emoji, a graphic smiley face, that resembles them. Users can customize their emoji with accessories and hairstyles and post their emoji side-by-side with their “selfie,” a self-taken photo, to share with friends as well as on JCPenney‘s “Express Yourselfie” online gallery. Each user can also view shopping suggestions from JCPenney based on their personal style.

Arts Fit in Education
Because art programs are vital to nurturing creativity and individuality, JCPenney is inviting customers, throughout the month of August, to round up their purchases to the nearest whole dollar and donate the difference to JCPenney Cares. Customer contributions donated to JCPenney Cares will directly fund national and local programs supporting arts in education. Providing art programs to students has proven to increase attendance, deepen parental involvement, improve test scores and drive motivation. By rounding up, JCPenney customers can help to ensure that the arts remain an essential element of a comprehensive education for all students.

For related product images, videos and store b-roll visit jcpnewsroom.com.

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.

###

Target Corporation announced the final results of its previously announced tender offers to purchase for cash up to $1 billion of its notes and debentures

MINNEAPOLIS,  2014-7-17 — /EPR Retail News/ — Target Corporation (“Target”) (NYSE:TGT) today announced the final results of its previously announced tender offers (the “Tender Offers”) to purchase for cash up to $1,000,000,000 (the “Maximum Payment Amount”) of its notes and debentures listed in the table below (collectively, the “Notes”), which commenced on June 17, 2014 and expired at 11:59 p.m., New York City time, on July 15, 2014 (the “ Expiration Date”)

Target has accepted for purchase $725,236,000.00 aggregate principal amount of Notes validly tendered and not validly withdrawn. Target will pay aggregate Total Consideration and Late Tender Offer Consideration of $999,999,150.10 for the Notes accepted for purchase.

As further explained in the offer to purchase and related letter of transmittal, each dated June 17, 2014 (the “Tender Offer Documents”), Target accepted the Notes for purchase in accordance with the “Acceptance Priority Levels” set forth in the table below. Target accepted for purchase 100% of the Notes listed in the table below at Acceptance Priority Level 1. Due to oversubscription, Target accepted for purchase on a pro rata basis approximately 18% of the Notes listed in the table below at Acceptance Priority Level 2. Target has not accepted for purchase any of the Notes listed below at Acceptance Priority Levels 3 through 6. Target expects to make payment for the applicable Notes accepted for purchase in same-day funds on July 16, 2014. The Notes not accepted for purchase will be promptly credited to the account of the registered holder of such Notes with The Depository Trust Company or otherwise returned in accordance with the Tender Offer Documents.

Holders of Notes who validly tendered and did not validly withdraw their Notes at or prior to 5:00 p.m., New York City time, on June 30, 2014 (such date and time, the “Early Tender Date”) are eligible to receive the “Total Consideration” listed in the table below for Notes accepted for purchase. Holders of Notes who validly tendered their Notes after the Early Tender Date but at or prior to the Expiration Date are eligible only to receive an amount equal to the “Late Tender Offer Consideration” listed in the table below for Notes accepted for purchase.

Up to $1,000,000,000 Aggregate Purchase Price of the Outstanding Notes Listed Below

Title of
Notes
CUSIP
Number
Principal
Amount
Outstanding
Acceptance
Priority
Level
Total Consideration Late Tender Offer Consideration (1) Principal Amount Tendered at Expiration Principal Amount Accepted for Purchase Percentage of Outstanding Notes Purchased
7.000%
Notes
due 2038
87612EAU0 $1,489,254,000 1 $1,389.79 $1,359.79 $620,677,000 $620,677,000 41.68%
6.500%
Notes
due 2037
87612EAR7 $1,250,000,000 2 $1,314.53 N/A(2) $565,934,000 $104,559,000 8.36%
6.35%
Debentures
due 2032
87612EAK2 $550,000,000 3 N/A(3) N/A(3) $141,714,000 $0 0%
7.00%
Debentures
due 2031
87612EAF3 $218,332,000 4 N/A(3) N/A(3) $2,890,000 $0 0%
6.65%
Debentures
due 2028
239753DL7 $115,827,000 5 N/A(3) N/A(3) $23,746,000 $0 0%
6.75%
Debentures
due 2028
239753DJ2 $135,479,000 6 N/A(3) N/A(3) $14,555,000 $0 0%

Information Relating to the Tender Offers
​Barclays Capital Inc., BofA Merrill Lynch and Citigroup Global Markets Inc. served as dealer managers for the Tender Offers. Investors with questions regarding the Tender Offers may contact Barclays Capital Inc. at (800) 438-3242 (toll-free) or (212) 528-7581 (collect), BofA Merrill Lynch at (888) 292-0070 (toll-free) or (980) 387-3907 (collect) or Citigroup Global Markets Inc. at (800) 558-3745 (toll-free) or (212) 723-6106 (collect). Global Bondholder Services Corporation is the tender and information agent for the Tender Offers and can be contacted at (866) 807-2200 (toll-free) or (212) 430-3774 (collect). This press release is for informational purposes only and is not an offer to buy, or the solicitation of an offer to sell, any securities.

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 to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit ABullseyeView.com or follow @TargetNews on Twitter.

media contact

Eric Hausman
Public Relations
p: (612) 761-2054

John Hulbert, Investors
p: (612) 761-6627

U.S. largest retailer of used cars CarMax, Inc. opened its second store in Ft. Worth

RICHMOND, Virginia, 2014-7-17 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, has officially opened its second store in Ft. Worth. Located at 4700 River Ranch Blvd., this is CarMax’s sixteenth store in Texas. The Southwest Ft. Worth store is more than 20,000-square-feet, occupies more than 11 acres, employs nearly 70 associates and stocks approximately 250 used vehicles of almost every make and model.

In celebration of the new store, the company is hosting an online “CarMax Rally for Charity” contest, which launched July 10 on the CarMax Facebook page. CarMax is donating a total of $5,000 to three local nonprofits who are competing for votes. The organizations, selected for their impact on the community, are The Ronald McDonald House of Ft. WorthMake-A-Wish North Texas, and Alliance for Children.

“We are thrilled to open another store in the Ft. Worth area and give back to the community as part of our celebration,” said Eric Scott, location general manager of the Southwest Ft. Worth CarMax. “We love what the charities participating in our Rally for Charity are doing for local families.”

Until July 23, individuals can visit the CarMax Facebook page to cast their vote for one of the charities. Individuals may vote once per day for the duration of the contest. Each charity will receive a donation of $1,000 for participating. The charity that receives the most votes will receive an additional $2,000 donation and be announced on the CarMax Facebook page.

CarMax opened its first store in Richmond, Virginia 20 years ago after the company surveyed thousands of consumers to find out what they liked and disliked about car shopping. CarMax was designed according to the survey responses, giving consumers what they asked for:

Low Prices

  • No hassles, no haggling on all four parts of the car purchase:
  • The price of the vehicle, which is posted clearly on the car and on carmax.com
  • An optional extended service plan, so consumers can choose to purchase the plan that’s right for them
  • Financing, with all options displayed on a computer for the consumer to review
  • The “trade-in,” a written offer good for seven days whether or not the customer buys a car from CarMax

 

Broad Selection

  • Nearly every make and model (both domestic and imported used vehicles)
  • Used vehicles that are generally one to six years old with fewer than 60,000 miles
  • More than 35,000 vehicles online at carmax.com
  • Transfer most used cars to the store nearest you (fee may apply)

 

Commitment to Quality

  • CarMax Quality Certified means selecting the best cars to renew and protect by:
  • Careful evaluation – only one in three cars we evaluate has the quality necessary to become a CarMax car
  • Investing time and money so you don’t have to – every CarMax used car undergoes a rigorous 125+ point inspection
  • Providing a 30-Day Limited Warranty and 5-Day Money-Back Guarantee

 

Ft. Worth, Texas residents also can preview CarMax vehicles by logging ontohttp://www.carmax.com/. The website features actual prices and photos of thousands of CarMax vehicles available nationwide. Prospective car buyers can have most used vehicle transferred from any CarMax location to the Southwest Ft. Worth store or the other Texas locations (fee may apply).

About CarMax
CarMax, a member of the FORTUNE 500 and the S&P 500, and one of the FORTUNE “100 Best Companies to Work For” for 10 consecutive years, is the nation’s largest retailer of used vehicles. Headquartered in Richmond, Virginia, CarMax currently operates 137 superstores in 68 markets. The CarMax consumer offer features low, no-haggle prices, a broad selection of CarMax Quality Certified used vehicles, and superior customer service. During the 12 months ending February 28, 2014, the company retailed 526,929 used cars and sold 342,576 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at http://www.carmax.com/.

Media Contacts 
Michelle Ellwood, Public Relations, (804) 747-0422 ext. 4139

Twitter: @CarMax, Facebook: facebook.com/CarMax

Starbucks Coffee Company debuted its first store in Colombia honoring the country’s rich coffee heritage, plans to open 50 stores over the next 5 years

  • First country in the world to serve 100% locally sourced Starbucks® coffee
  • First market in Latin America to offer Starbucks Reserve® Coffee and the Clover® Brewing System
  • 50 stores planned to open in the market over next five years
  • Company reiterates long-term commitment to Colombian coffee farmers and announces investment in Bogota public high schools youth leadership program in collaboration with Alsea and Nutresa

BOGOTA, Colombia, 2014-7-17 — /EPR Retail News/ — Starbucks Coffee Company (Nasdaq: SBUX) today debuted its first store in Colombia honoring the country’s rich coffee heritage and the company’s 43-year history purchasing premium arabica coffee from Colombian farmers. Located in the stylish Parque de la 93 in Bogota, the iconic three-level store is serving 100 percent Colombian coffee while offering customers the opportunity to experience Starbucks Reserve® Coffee and the Clover® Brewing System for the first time anywhere in Latin America.

At the Bogota store opening ceremony, Starbucks chairman, president and chief executive officer Howard Schultz said, “Our admiration and respect for Colombian coffee farmers dates back to our humble beginnings in Seattle’s Pike Place Market in 1971 when we first began purchasing and roasting Colombian coffee. Over the past 43 years, we have proudly shared Colombia’s finest coffee with billions of people around the world and today we are honored to bring the Starbucks Experience to Colombia for the first time.”

Starbucks® stores in Colombia will be operated by a joint venture with two of the company’s longest-term business partners in Latin America – Alsea and Grupo Nutresa. Alsea has partnered with Starbucks for nearly a dozen years in the region and currently operates more than 520 Starbucks® stores in Mexico, Argentina and Chile, through an alliance that employs more than 8,000 partners (employees). Colcafe, a subsidiary of Grupo Nutresa, Colombia’s leading food company, worked with Starbucks to create Starbucks VIA® Ready Brew soluble coffee and continues to be an innovative, strategic partner in manufacturing and now retail. Starbucks entry into Colombia marks an expansion of Starbucks relationship with Grupo Nutresa and Colcafe as the companies partner to offer Colombian customers locally sourced and roasted espresso, drip and packaged coffee at Starbucks® stores in Colombia.

Serving 100 Percent Colombian Coffee

Starbucks® stores in Colombia will be the first anywhere in the world to serve exclusively locally sourced Starbucks® coffee. The Parque de la 93 store offers customers five different varieties of Colombian coffee, including Starbucks Reserve® Colombia El Peñol, the single-origin Colombia Nariño, Colombia Espresso, Colombia Espresso Decaf and Colombia Blend. The store also offers a selection of whole bean packaged coffee from other markets around the world.

“We are very proud to be roasting 100 percent Colombian coffee for Starbucks and to be the first market in the world to serve exclusively locally sourced Starbucks coffee,” said Carlos Gallego, chief executive officer of Grupo Nutresa, joining Schultz at the Parque de la 93 store. “Our coffee roasting capabilities and local market knowledge combined with Alsea’s proven track record operating Starbucks stores across Latin America will allow Starbucks to offer an exceptional experience to Colombian customers in a way that honors our country’s distinct coffee tradition.”

Alsea chairman Alberto Torrado, who also attended the debut of the Parque de la 93 store, added, “We are proud to be one of Starbucks strategic partners in the Latin America region and for this important and historic coffee market. Over the next five years we plan to add 50 stores and more than 1,000 partners (employees) in Bogota and other major cities across Colombia. The joint venture with Starbucks and Grupo Nutresa will further strengthen our expansion strategy for Starbucks across Latin America as we pursue disciplined and profitable growth in a way that celebrates local cultures and coffee traditions.”

Today Starbucks operates more than 700 stores and employs more than 10,000 partners (employees) across 13 markets in Latin America.

First Starbucks Reserve® and Clover® Store in Latin America

The Parque de la 93 store offers customers an inviting destination to relax, recharge, and connect in one of Bogota’s most thriving and cosmopolitan neighborhoods while exploring five different varieties of Colombian coffee through several different brewing methods. It is Starbucks first store in Latin America to offer Starbucks Reserve® Coffee and the Clover® Brewing System.

The Starbucks Reserve® line is a special collection of unique, small-batch arabica coffees available only in select stores for limited periods of time. The first Reserve® coffee to be featured in Colombia is Starbucks Reserve® Colombia El Peñol, which is sourced from 160 small farms near the town of El Peñol in the Antioquia department in association with Cooperativa de Caficultores de Antioquia. Starbucks Reserve® Colombia El Peñol, which was created exclusively for the Colombia market, is elegant and balanced with flavors that highlight black currant and bittersweet chocolate mousse. Customers will be able to enjoy Starbucks Reserve® Colombia El Peñol by the cup on the Clover® Brewing System in the Parque de la 93 store or at home by purchasing whole bean packages by the half pound.

The Clover® Brewing System is one of the most significant innovations in coffee brewing since the introduction of the espresso machine, and is only available in select Starbucks stores globally. It allows customers to discover new layers and dimensions within a coffee’s familiar aroma, flavor, body and acidity, brewed fresh by the cup. Customers who visit the Parque de la 93 store will have the opportunity to try any of the five Colombia coffees available on the Clover®.

On the second-level of the Parque de la 93 store during certain hours, customers will have the opportunity to immerse themselves in an interactive coffee bar experience and discover different types of brewing methods such as the manual, pour-over style Chemex® Coffeemaker or the classic coffee press. In this interactive environment customers will have the opportunity to spend more time with Starbucks baristas, explore Starbucks® coffees, ask questions, and purchase their favorite brewing equipment and packaged coffee for home use.

Inspired by the Pre-Colombian gold era as well as Starbucks longstanding relationship with Colombian coffee farmers, the Parque de la 93 store contains several iconic features designed through a collaboration between Starbucks and local designers like interior designer Mariana Vieira, artist Luis Carlos Cifuentes, and industrial and furniture designer Ana Reza-Hadden. Learn more about the design of the store here.

Long-Term Commitment to Colombian Coffee Farmers

As the largest purchaser in the world of premium arabica coffee from Colombia, Starbucks is committed to the livelihoods of Colombian coffee farmers. In 2012, Starbucks opened a Farmer Support Center in Manizales, Colombia to deliver training and agronomy support to Colombian coffee farmers. Last summer, Starbucks announced a public-private partnership with the U.S. Agency for International Development (USAID) that is investing $3 million to increase Colombian coffee yields and to enhance economic opportunities for Colombian farmers. The public-private partnership will enable the Manizales Farmer Support Center to positively impact 25,000 coffee farmers throughout the country. In addition to its work with USAID, Starbucks is also working with the Grameen Foundation and Coocafisa Cooperative de Salgar to promote adoption of better agronomy practices among smallholder coffee producers in Antioquia, Colombia using tablets and mobile technology.

Investing in Youth Leadership in Bogota Public Schools

In addition to supporting coffee farmer livelihoods, Starbucks is also committed to helping communities thrive where it operates. Recognizing the critical role that youth leaders play in positively transforming communities, Starbucks, Alsea and Nutresa announced a financial donation to support a non-profit Youth Leadership Training Program that is helping 350 underserved Bogota public high school students to improve their leadership skills and become role models in their communities.  As part of the initiative, networks of young people will be empowered to assess the issues in their community and create projects to address these issues. In addition to the financial investment, the three companies will also provide volunteers to coach and mentor students as they implement their projects in the community.

Doris Stella Vergara, director of the Colegio Técnico Comercial Manuela Beltrán, in Bogota, one of the first beneficiaries of the program said, “We are extremely pleased with this investment and the recognition of the hard work we do bringing new opportunities to our students. This initiative will help us improve their capacity to get a job and to generate alternatives though entrepreneurship. With this support, our hope is to help our students live a satisfying life with greater clarity on their personal, academic and professional goals.”

About Alsea
Alsea is the leading restaurant operator in Latin America with globally recognized brands in the quick service, coffee shop and casual dining segments. It has a multi-brand portfolio comprised of Domino’s Pizza, Starbucks, Burger King, Chili’s, California Pizza Kitchen, P.F. Chang’s, Pei-Wei, Italianni’s, The Cheesecake Factory, Vips and El Portón. At the end of June 2014, the company operated more than 2,200 units in Mexico, Argentina, Chile and Colombia. Coming soon will begin operations in Brazil. Alsea’s business model includes backing for all of its Business Units through a Shared Services and Support Center that provides aid for all of the Administrative and Development Processes, as well as the Supply Chain. The Company has more than 50,000 employees in 5 countries. Alsea has earned the distinction of a “Socially Responsible Company,” and it is one of the top 20 “Best Places to Work” in Mexico. For more information please visit:www.alsea.com.mx

About Grupo Nutresa
Grupo Nutresa is the fourth largest food company in Latin America in terms of market cap and is the leader of the processed foods industry in Colombia. The group participates in seven lines of business: cold cuts, biscuits, chocolates, coffee, ice cream, pasta, and Tresmontes Lucchetti (TMLUC). It is made up of 64 companies that have beloved and recognized brands. Nutresa employs more than 37,000 partners and has a 93-year history of delivering nutritious products that provide their consumers with wellness and enjoyment in their daily lives. Grupo Nutresa is present in 15 countries in the Americas, from the United States to Chile and Southeast Asia in Malaysia. Nutresa sells products in 72 countries across five continents, with global sales amounting to USD 3.4 Billion. In 2013, Grupo Nutresa was included for the third consecutive year in the Dow Jones Sustainability World Index, and obtained the Bronze Class recognition in the “Sustainability Yearbook 2014,” which places it among the six best companies in the food sector in the world in terms of sustainability. Likewise, it was recently recognized as the third best company to work in Colombia, according to the Merco Personas 2014 study. For more information please visit: www.gruponutresa.com.

About Starbucks
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online atwww.starbucks.com.

Photos by Andrés Calderón for Starbucks

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CBRE Group Inc. and U.S. Equities Realty LLC to combine their Chicago area operations

CBRE Enhances Market Leadership in Greater Chicago Area

Los Angeles, 2014-7-17 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) and U.S. Equities Realty, LLC today announced that the companies will combine their Chicago area operations.  The transaction brings together CBRE’s global leadership and expertise across markets and business lines with U.S. Equities Realty’s strong position in the greater Chicago area.

U.S. Equities Realty leases and manages 17 million sq. ft. of Chicago property, including the world-renowned Willis Tower (formerly Sears Tower) and 2.5 million sq. ft. of properties along Chicago’s prestigious Michigan Avenue. It also has completed real estate transactions for or with leading companies, such as Winston & Strawn, The Boston Consulting Group, IBM Corporation, Hinshaw & Culbertson, Ventas, Lurie Children’s Hospital, Taft Stettinus & Hollister, Nike, Verizon and Crate & Barrel.

“With today’s announcement, we are re-defining excellence in Chicago real estate services,” said Chris Connelly, Executive Managing Director, Chicago Region, CBRE. “We’re bringing together two of Chicago’s most highly regarded and successful firms that share common values and a passion for outstanding client service. We are thrilled to have U.S. Equities join us, and we look forward to working with our new colleagues to enhance the services we offer our clients.”

Founded in 1978, U.S. Equities offers a broad range of leading commercial real estate services, provided by a professional staff with a strong reputation in the Chicago market. Offerings include: agency leasing, property and facilities management, tenant representation, investment sales, development and project management, owner’s representation, sustainability consulting and advisory services. U.S. Equities has been responsible for some of Chicago’s most iconic projects including the development, renovation, repositioning, management and/or leasing of buildings such as the Willis Tower, the John Hancock Center, Harold Washington Library, Stroger Hospital, One Financial Place, Comer Children’s Hospital and Millennium Park. Currently, their U.S. portfolio includes more than 500 properties across the office, retail, institutional, dormitory and residential sectors.

“Throughout our 36 year history, U.S. Equities has aggressively pursued every opportunity to anticipate the changing needs of our clients,” said Bob Wislow, Chairman and CEO, U.S. Equities. “CBRE’s global platform, along with its extensive service offering and broad expertise, will expand and enhance our ability to serve clients – in Chicago and around the world – and to provide additional growth opportunities for our professionals. In turn, the development/program management, owner’s representation and consulting services we provide will strengthen the services CBRE can provide to its clients. Joining CBRE builds upon our solid foundation of success while enabling us to continue our strong, historic commitment to the City of Chicago and its important civic, professional and cultural institutions.”

U.S. Equities principals Camille Julmy and Nancy Pacher will join as Vice Chairmen of CBRE Chicago; Katie Scott and Marty Stern will join CBRE as Senior Managing Directors; and Mr. Wislow will serve as Chairman of CBRE Chicago. Together with the other members of U.S. Equities’ senior leadership, they will work closely with Mr. Connelly and CBRE’s Chicago leadership team to foster the continued growth of the business in the Chicago region.

Under the terms of the agreement, CBRE has acquired U.S. Equities Realty’s U.S. operations, effective today.  U.S. Equities has approximately 400 professionals in Chicago who will continue to service their clients in the same capacities with the combined firm.

“We are delighted to have this unique opportunity to bring together the talents of U.S. Equities’ professionals with the power of CBRE’s brand, people and service offering,” said Cal Frese, Chief Executive Officer, Americas, for CBRE. “Nancy, Camille, Katie, Marty, Bob and their colleagues have an excellent reputation for high-quality work and a strong client roster. Combining our two firms’ existing strengths in Chicago will further enhance our market leader position.”

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

“Safe Harbor” Statement Under the U.S. Private Securities Litigation Reform Act of 1995
Certain of the statements in this release regarding the acquisition of U.S. Equities Realty that do not concern purely historical data are forward-looking statements within the meaning of the ”safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties, including, but not limited to, the ability of the parties to successfully integrate U.S. Equities Realty with CBRE’s existing operations in Chicago, as well as other risks and uncertainties discussed in CBRE’s filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release and, except to the extent required by applicable securities laws, CBRE expressly disclaims any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events. If CBRE does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements, and risks to CBRE’s business in general, please refer to CBRE’s SEC filings, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2013 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2014. Such filings are available publicly and may be obtained off the Company’s website at www.cbre.com or upon request from the CBRE Investor Relations Department at investorrelations@cbre.com.

For Further Information:

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

Robert Mcgrath
Director, Sr
T +1 212 9848267

Atlanta Hall Management announced its new logo and Chick-fil-A’s lead sponsorship of the new College Football Hall of Fame in downtown Atlanta

ATLANTA, 2014-7-17 — /EPR Retail News/ — Atlanta Hall Management today announced its new logo and Chick-fil-A’s lead sponsorship of the new College Football Hall of Fame in the heart of the sports and entertainment district in downtown Atlanta. The attraction will officially be called the “College Football Hall of Fame and Chick-fil-A Fan Experience,” which will open its doors to the public on Saturday, August 23. Tickets and memberships will be available beginning August 1 for purchase through the Hall’s newly-launched website, www.cfbhall.com.

In addition to housing the national College Football Hall of Fame, previously located in South Bend, Indiana, the attraction offers a total Fan Experience matching traditional, museum-quality memorabilia with interactive, multimedia exhibits that will invite fans and visitors to engage with their favorite college football team or Hall of Famer. Joining Chick-fil-A and other official sponsors in presenting the Fan Experience are the Hall of Fame’s founding partners – AT&T, the Chick-fil-A Peach Bowl, Coca-Cola and Kia.

“Chick-fil-A continues to be an important part of the college football landscape here in its hometown of Atlanta,” said John Stephenson, president and CEO of Atlanta Hall Management and the College Football Hall of Fame. “Chick-fil-A’s partnership helped guide our team to deliver this Fan Experience to our guests. Its financial investment, along with that of all of our founding partners, enables us to provide a completely redefined Hall of Fame experience. This is a fun, celebratory, fully immersive attraction that takes the college football fan into the game as never before.”

Chick-fil-A Executive Vice President Steve Robinson said, “Chick-fil-A has been a sponsor of the College Football Hall of Fame since it announced its relocation to Atlanta. Chick-fil-A truly values its involvement in the great game of college football, and the new Hall will deliver a unique combination of the history of the game with interactive exhibits, making this Fan Experience the ultimate destination for college football fans.”

The Hall, with the National Football Foundation (NFF), also unveiled a version of the new branding that will represent the institution of the College Football Hall of Fame. Featuring a classic look and prominently displaying the founding year of the Hall – 1951, the logo will be used for all matters regarding the Hall of Fame not specific to the Atlanta attraction.

“The National Football Foundation and College Football Hall of Fame has always maintained a long and storied history as an integral part of the college football landscape,” said Steve Hatchell, president and CEO of the NFF. “The new Hall of Fame will be a credit to the college game and a must see for anyone who has played, coached, watched, or supported it. We are excited to be in Atlanta with the opportunity to promote the sport like never before.”

The attraction will be broken up into multiple galleries, with the Hall of Fame, which resides on the third floor of the building, as its pinnacle experience. The galleries will include informative, engaging and interactive exhibits made possible by the Hall’s founding partners:

•    Chick-fil-A “Why We Love College Football” features iconic trophies and a large, touch-sensitive, 52-foot media wall filled with dynamic content such as photos and videos of players, fans, cheerleaders and marching bands. A multi-touch system allows for fun interaction with content specific to a fan’s favorite college football team.
•    Coca-Cola Fans’ Game Day allows visitors to feel the excitement on campus around the big game and highlights tailgating, digital face painting, bands, fight songs, mascots, cheerleading, and traditions.
•    Kia Building a Champion takes visitors inside the world of players and coaches and includes halftime speeches and a Q&A with current players. Fans are also invited to peruse John Heisman’s 1905 playbook, explore a timeline matching college football history with American history milestones, and learn what it truly takes to be a student athlete.
•    AT&T Game Time Gallery allows visitors to explore the rich rivalries of college football and invites visitors to call one of college football’s most memorable plays from the broadcast booth. Visitors of Game Time will also be treated to college football’s greatest moments and will be able to guide their own college football program to the championship.
•    National Football Foundation & Chick-fil-A Building Leaders is all about the “good in the game.”  It is a tribute to the mission and programs of the NFF, the profound and positive impact the NFF has on the game, and the key awards it distributes annually. Fans will find stories about some of society’s great leaders that point to the lessons they learned in football to achieve success in business, community and life.
•    Chick-fil-A Peach Bowl Skill Zone is located on the 45-yard long football field and will allow fans to sharpen their football skills through a variety of physical activities.

Other official partners of the Hall include: Brasfield & Gorrie, Georgia Pacific, Georgia Power, The Home Depot, Invest Atlanta, Omni Hotels & Resorts, Piedmont Healthcare, Regions Bank, Southwest Airlines, Sporturf and Under Armour.

The state-of-the-art College Football Hall of Fame and Chick-fil-A Fan Experience will feature historic and contemporary artifacts, interactive multimedia displays, children’s activities, a theater featuring an originally produced ultra-high-definition film on the history and excitement of college football, meeting facilities, and special event spaces.

About Atlanta Hall Management & The College Football Hall of Fame
Scheduled to open on August 23, 2014, the new College Football Hall of Fame and Chick-fil-A Fan Experience will be a 94,256-square-foot attraction located in the heart of Atlanta’s sports, entertainment and tourism district. Adjacent to the Georgia World Congress Center and Centennial Olympic Park, the new Hall will provide visitors with a highly immersive, interactive and engaging experience using a blend of historic college football artifacts and state-of-the-art, interactive multimedia exhibits. The National Football Foundation (NFF) launched the Hall in 1951 to stand as one of the nation’s premier sports shrines, immortalizing the game’s greatest players and coaches as positive role models for future generations. In 2009, Atlanta Hall Management, Inc., partnered with the NFF to construct and operate the new Hall of Fame attraction, which will also provide a platform for community outreach, education and character development initiatives, as well as serve as one of Atlanta’s premier special event spaces. For more information, please visit www.cfbhall.com.

About Chick-fil-A, Inc.
Atlanta-based Chick-fil-A, Inc. is a family owned and privately held restaurant company dedicated to serving the communities in which its restaurants operate. Known for its original chicken sandwich, Chick-fil-A serves nutritious, freshly prepared food in more than 1,800 restaurants in 39 states and Washington, D.C.

Founded by S. Truett Cathy in 1967, Chick-fil-A produced sales of $5 billion in 2013. Chick-fil-A was recognized in 2014 as one of America’s “Top 20 Most Admired Brands” by The Harris Poll and “Top Fast Food Chicken Chain” by Consumer Reports, among other honors. More information on Chick-fil-A is available on the chain’s website, located at www.chick-fil-a.com.

Media Contacts:
Traci Messier
404.214.3596
tmessier@jacksonspalding.com

Leigh Jackson
404.214.3548
ljackson@jacksonspalding.com

Argos research reveals younger generation still yearn for traditional toys

Milton Keynes, UK,  2014-7-17 — /EPR Retail News/ — Despite digital gadgets becoming an everyday essential for young and old, the younger generation still yearn for traditional toys; with more kids spending over five hours a week playing with classic toys (63 per cent) compared to PC and console gaming (54 per cent) 1*

New research by Argos, the UK’s number one toy retailer, has revealed that while computer games (69 per cent) and tablets and computers (50 per cent) top kids’ wish lists this Christmas, old favourites are not suffering in popularity.

The 1000 seven to eleven year olds surveyed by Argos said traditional toys like arts and crafts (40 per cent), board games (40 per cent), bricks and construction toys (35 per cent), and sports equipment (33 per cent) still appear high on Christmas lists.

Further evidence of the digital play divide is struck again on Christmas day, with over a third (36 per cent) of kids claiming they will play with tech and traditional toys in equal measure on the big day. This means they are just as excited by the prospect of opening the new VTech Kiddizoom Smart Watch as the LEGO City Artic Base Camp.

Anita Naik, author and parenting expert, said: “Children today have a breadth of choice when it comes to toys so it is great to see they are interested in a balance and are not bored of board games! Both ‘techy’ and traditional toys are equally stimulating for a child’s development and the two combined are the perfect recipe for interesting play.”

When it comes to Christmas rituals, the traditional approach is king with nearly three quarters (71 per cent) of children using a pen and paper to write to Santa.  However, a minority have adopted a digital approach, using email (13 per cent), tablets (10 per cent) and laptops (seven per cent) to create their lists.

One in fifty children from seven to 11 years old are even taking to Twitter to let Santa know what they want in their stockings.

Furthermore, the results found that kids start well before the festive season when it comes to list creation. Over a quarter (26 per cent) write theirs before Halloween and seven per cent before the school summer holidays have even finished.

Linzi Walker, Chief Toy Buyer at Argos, said: “Toy trends develop and change every year, and although tech is now given a heavy focus, categories such as arts and crafts are a phenomenal trend this year. In many cases the more innovative and technologically advanced toys like Cayla are built upon the simple classics such as the toy doll.”

 

Argos Top Toys Prediction for 2014:

My Friend Cayla £59.99
Transformers Stomp & Chomp Grimlock £89.99
Xeno (various colours) £79.99
Teksta Dinosaur £59.99
Disney Princess Snow Glow Elsa £39.99
Lego City Arctic Base Camp £69.99
Nerf Demolisher £44.99
My Monopoly £21.99
Little Live Pets Birds Asstd £9.99
Cra-Z-Loom Bracelet Maker £14.99
VTech Kiddizoom Watch £39.99
Leapfrog Leap Band Green £29.99
Nerf Rebelle Agent Bow £29.99

Alongside its top toys list, Argos also has several exclusive products on offer this Christmas that are sure to be on children’s wish lists, including Cayla’s Best Friend Chloe (£59.99), Furby Crystal (£64.99) and Teksta Scooby (£69.99).

 

-ENDS-

 

Notes to Editors:
1*Data from Futuresource Consulting’s Kids Tech consumer study – http://www.futuresource-consulting.com/2014-06-Kids-Tech-Research-Study.html

Survey of 1,000 UK children aged seven to eleven years old carried out by Opinion Matters on behalf of Argos between Wednesday 2 July and Monday 7 July 2014.

For more information, please contact the Argos Press Office on 0845 120 4365 or email: media.relations@argos.co.uk. Follow us on Twitter at @argos_PR.

 

About Argos
Argos is a leading UK digital retailer, offering around 43,000 products through www.argos.co.uk, its growing mobile channels, stores and over the telephone.

Argos continues to be the UK’s largest high street retailer online with 738 million website and app visits in the 12 months to February 2014.  Argos serves around 123 million customers a year through its network of 734 stores.

In the financial year to February 2014, Argos sales were £4.1 billion and it employed some 29,000 people across the business.

Argos is part of Home Retail Group, the UK’s leading home and general merchandise retailer.