Tesco appoints Alan Stewart as Chief Financial Officer

Cheshunt, England, 2014-7-28 — /EPR Retail News/ — Notification pursuant to Listing Rule 9.6.11

Pursuant to Listing Rule 9.6.11, and further to Tesco PLC’s announcement on 10 July 2014, the Company announces that Alan Stewart will join the Board as Chief Financial Officer with effect from 1 December 2014.

Jonathan Lloyd
Company Secretary
Tesco PLC

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

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

Tesco to cut cost of diesel and petrol by 2p per litre at all of its petrol stations

Cheshunt, England, 2014-7-28 — /EPR Retail News/ — Britain’s biggest petrol retailer will tomorrow cut the cost of diesel and petrol by 2p per litre at all of its petrol stations. The cut is in addition to savings customers can make through Fuel Save, which can be worth up to 20p off a litre. The more customers shop with Tesco, the more money they can save on fuel.

Tesco’ s network of filling stations is the largest of all UK supermarkets and this means millions of motorists across the country can take advantage of these new lower prices.

Tesco fuel director Peter Cattell said:
“From tomorrow, we’ll be cutting the price of petrol and diesel at all of our Petrol Filling Stations by 2 pence per litre. As Britain’s biggest fuel retailer this means more motorists can make real savings. We also offer Clubcard points and savings through Clubcard Fuel Save, which saves our customers up to 20 pence per litre. Customers have until the end of July to use their Fuel Save points from June.”

For more information about Fuel Save, please click here: http://www.tescoplc.com/index.asp?pageid=17&newsid=941

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

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

Sainsbury’s the first UK retailer to recycle its old food crates into more efficient ones made from 100% recycled material

LONDON, 2014-7-28 — /EPR Retail News/ — Recycling these crates to a more efficient crate type will significantly reduce empty crate transport – reducing the number of road journeys needed to transport crates back to suppliers.

The crates, recycled for Sainsbury’s by Schoeller Allibert, are the first in the UK to be made from 100% recycled material and meet European Food Safety Authority Standards so they can transport food safely.

How does it work?

  • 2 million old, inefficient crates are ground down into plastic flakes, which are washed and dried
  • This plastic is used to form new 100% recycled food safe crates by Schoeller Allibert – an industry first in the UK. The process produces minimal waste, creating a sustainable packaging cycle
  • Recycling the old crates into the new type means that all crates are standardised and stack together more efficiently
  • This change makes the whole transport chain more efficient – creating transport volume reduction for suppliers

Simon Stokoe, Senior Strategy Manager for Sainsbury’s Supply Chain said: “This piece of work was not only about making the right decision for Sainsbury’s from an efficiency perspective – it was also about making sure we did it sustainably. A win win.”

Simon Moulson, Head of Retail Sales for Schoeller Allibert said: “Schoeller Allibert’s EFSA-approved recycling and remoulding process has been developed to help retailers meet increasing stringent sustainability targets as well as strict food safety and hygiene standards.”

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Photo credit to IGD

Photo credit to IGD

Belk marks the grand opening of its new home store at Friendly Center in Greensboro, North Carolina

Unique Stand-Alone Store Includes Expanded Home Offerings

CHARLOTTE, NC, 2014-7-28 — /EPR Retail News/ — Belk today celebrated the grand opening of its new home store at Friendly Center in Greensboro, North Carolina. The home department has moved into a brand-new 29,000-square foot building across the street from the existing location at Friendly Center. The new store will allow Belk to expand its assortments of brand merchandise and offer a larger selection of home merchandise to customers in the Triad area.

The new store, located at 604 Green Valley Road, incorporates the latest in retail design, lighting, visual presentation and décor. Along with this improved design comes expanded space for Belk to increase its offering of premium home brands. This store is part of a $9.2 million project that also includes a renovation of the main store at Friendly Center, which will celebrate its grand opening on October 15.

“We look forward to providing our Triad customers with a completely new shopping experience,” said Bill Roberts, chair of Belk Northern Division based in Raleigh, North Carolina. “With expanded space and modern improvements, we will better be able to serve our Triad customers not only for their fashion and apparel needs, but for their home and gift needs as well.”

At the grand opening, Belk also presented a $2,500 donation to the Family Service of the Piedmont to assist in their efforts to help strengthen the community. Belk is proud to invest in the communities where its customers and associates live and work.

The grand opening of this new store will be celebrated with several events over the coming days:

  • Friday, July 25: Grand Opening celebration at 9:30 a.m. with a ribbon-cutting ceremony and gift card giveaways for the first 80 customers. Vietri founder Susan Gravely will be on-hand to showcase the Vietri boutique.
  • Friday, July 25: Reidel and Biltmore Wine Tasting, 6-8 p.m.
  • Friday, July 25-Sunday, July 27: Three days of giveaways, including a Keurig mini brewer, a Vitamix blender, luggage by Samsonsite, All Clad cookware and much more!
  • Sunday, Aug. 3: Sponsor of The Carolina Weddings Show at Greensboro Coliseum 11 a.m.-4 p.m.
  • Thursday, Aug. 7: Vietri Engagement Party 5-8 p.m.

The new store will feature a wide assortment of premium, national and Belk private brand merchandise, including new and favorite brands such as:

 

All Clad

Anolon

Biltmore for Your Home

Calphalon

Cuisinart

Echo

Hartmann

Kate Spade

Keurig

KitchenAid

Le Creuset

Lenox

Nespresso

Ninja

Nutribullet

Omega

Rachael Ray

Ralph Lauren

Samsonite

Trina Turk

Tumi

Vera Wang

Vietri

Vitamix

Waterford

About Belk, Inc. 
Charlotte, N.C.-based Belk, Inc. (www.belk.com) is the nation’s largest family owned and operated department store company with 300 Belk stores located in 16 Southern states and a growing digital presence.  Its belk.com website offers a wide assortment of national brands and private label fashion apparel, shoes and accessories for the entire family along with top name cosmetics, a wedding registry and a large selection of quality merchandise for the home. Founded in 1888 by William Henry Belk in Monroe, N.C., the company is in the third generation of Belk family leadership and has been committed to community involvement since its inception. In the fiscal year ended Feb. 1, 2014, the company and its associates, customers and vendors donated more than $20.9 million to communities within Belk market areas.

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

AHOLD REPURCHASED 1,466,762 AHOLD COMMON SHARES FOR € 19.42 MILLION BETWEEN JULY 21 AND JULY 25, 2014

Zaandam, the Netherlands, 2014-7-28 — /EPR Retail News/ — Ahold has repurchased 1,466,762 Ahold common shares in the period from July 21, 2014 up to and including July 25, 2014.

The shares were repurchased at an average price of € 13.2413 per share for a total consideration of € 19.42 million. These repurchases were made as part of the € 500 million share buyback program announced on February 28, 2013 as increased by € 1.5 billion to a total amount of € 2 billion announced on June 4, 2013.

The total number of shares repurchased under this program to date is 124,897,295 common shares for a total consideration of € 1,624.36 million.

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

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DreamPlace set to debut in seven locations nationwide owned by both General Growth Properties, Inc. and Forest City Enterprises

Interactive Santa Adventure Embodies DreamWorks’ Distinctive Blend of World-Class Technology and Storytelling for a Next Generation Holiday Experience

GGP and Forest City Malls will Host Inaugural DreamPlace Experiences

Glendale, CA, 2014-7-28 — /EPR Retail News/ — It’s a little known fact that Shrek, the curmudgeonly ogre best known for fiercely protecting his swamp, actually dedicates his Christmas vacation to helping families find Santa – but this year the secret is out! DreamWorks Animation (Nasdaq: DWA), the global family entertainment brand best known for award-winning storytelling and industry-leading innovation, makes its official foray into the retail space with the launch of DreamPlace. A state-of-the-art reimagining of the holiday retail experience, DreamPlace is a 2,000-square-foot holiday cottage and combines the latest technology with magical storytelling from creative minds behind such hit franchises as Shrek, Madagascar and How to Train Your Dragon. DreamPlace reimagines one of the signature moments of childhood – meeting Santa Claus. This unique and interactive experience is set to debut in a total of seven locations nationwide owned by both General Growth Properties, Inc. (NYSE: GGP) and Forest City Enterprises (NYSE: FCE.A).

Tapping into DreamWorks Animation’s stable of world-renowned artists, storytellers and innovators, DreamPlace enables children to experience the full narrative of an unforgettable visit to the North Pole, infusing the studio’s trademark storytelling and humor into one of the greatest legends of all time. Prior to their mall visit, families can make appointments by app, negating the familiar long lines for Santa before embarking on an unforgettable adventure, which includes an immersive, eye-popping journey with Shrek and his friends as they guide children and families to the North Pole. DreamPlace is set to debut this holiday season in major markets nationwide, including New York, Los Angeles, Chicago, Dallas, Atlanta and Las Vegas.

“DreamPlace turns the traditional mall holiday visit on its head with an immersive, interactive approach that draws on our signature brand of technology, storytelling and of course, humor,” said DreamWorks Animation’s Chief Global Brand Officer Michael Francis. “We are continually looking for new ways to bring our characters to life and DreamPlace will deliver an unparalleled experience which fans will absolutely love.”

“An experience with Santa at local shopping malls has been a long-standing tradition for many families. Thanks to DreamWorks and Santa Claus, this year we’re taking our youngest guests on an adventure to the North Pole. After the adventure, children will have more than just the traditional picture with Santa; they’ll have a story to tell for the rest of their lives. It’s the ultimate experience,” said Melinda Holland, SVP Business Development, GGP.

“We are thrilled to align with DreamWorks to bring this one-of-a-kind experience to Westchester’s Ridge Hill in Yonkers, New York and Victoria Gardens in Rancho Cucamonga, California,” said David LaRue, Forest City president and CEO. “DreamWorks’ creative talent has taken an age-old legend and transformed it to be relevant and appealing to today’s tech-savvy kids. We are excited that DreamPlace will open at Ridge Hill and Victoria Gardens. We are also honored that Ridge Hill was chosen to be the only center in the Northeast this holiday season to offer this outstanding family entertainment.”

DreamPlace will debut this holiday season at the following GGP and Forest City locations:

GGP

  • Glendale Galleria – Glendale (Los Angeles), CA
  • The Parks at Arlington – Arlington (Dallas/Fort Worth), TX
  • Fashion Show – Las Vegas, NV
  • North Point Mall – Alpharetta (Atlanta), GA
  • Oakbrook Center – Oak Brook (Chicago), IL

Forest City Enterprises

  • Victoria Gardens – Rancho Cucamonga, CA
  • Westchester’s Ridge Hill – Yonkers, NY

About DreamWorks Animation
DreamWorks Animation creates high-quality entertainment, including CG animated feature films, television specials and series and live entertainment properties, meant for audiences around the world. The Company has world-class creative talent, a strong and experienced management team and advanced filmmaking technology and techniques. DreamWorks Animation has been named one of the “100 Best Companies to Work For” by FORTUNE® Magazine for five consecutive years. In 2013, DreamWorks Animation ranks #12 on the list. All of DreamWorks Animation’s feature films are produced in 3D. The Company has theatrically released a total of 29 animated feature films, including the franchise properties of Shrek, Madagascar, Kung Fu Panda, How to Train Your Dragon, Puss In Boots and The Croods.

CONTACTS:

DreamWorks Animation
Matt Lifson
(818) 695-6576

General Growth Properties, Inc.
Lesley Cheers
(312) 960-2646

Forest City Enterprises
Jeff Linton
(216) 416-3558

Dollar Tree, Inc. to acquire Family Dollar in a cash and stock transaction for $74.50 per share

  • Will Operate More Than 13,000 Stores Across 48 States and Five Canadian Provinces, with Annual Sales Exceeding $18 Billion
  • Will Continue to Operate and Grow Both the Dollar Tree and Family Dollar Brands, Offering Fixed- and Multi-Price Point Formats to Provide Consumers Greater Value, Convenience and Choice
  • Expected to Achieve an Estimated $300 Million in Annual Run Rate Synergies by the End of the Third Year Post-Closing
  • Estimated to be Accretive to Cash EPS within the First Year Post-Closing
  • Strong Combined Financial Profile with Robust Free Cash Flow Generation

CHESAPEAKE, VA and MATTHEWS, NC, 2014-7-28 — /EPR Retail News/ — Dollar Tree, Inc. (DLTR), the nation’s leading operator of discount variety stores selling everything for $1 or less, and Family Dollar Stores, Inc. (FDO), a leading national discount retailer offering name brands and quality, private brand merchandise, today announced that they have entered into a definitive merger agreement under which Dollar Tree will acquire Family Dollar in a cash and stock transaction. The value of the consideration is $74.50 per share, a 22.8% premium over Family Dollar’s closing price as of July 25, 2014.

The transaction, which has been unanimously approved by the Boards of Directors of both companies, is expected to close by early 2015, at which time the Family Dollar shareholders will receive $59.60 in cash and $14.90 equivalent in Dollar Tree shares, subject to the collar described below. At closing, Family Dollar shareholders will own no less than 12.7% and no more than 15.1% of the outstanding common stock of Dollar Tree. Howard R. Levine and Trian Fund Management, L.P. and funds managed by it, which collectively own approximately 16% of the outstanding stock of Family Dollar, have entered into voting agreements in support of the merger.

“This is a transformational opportunity,” stated Bob Sasser, Dollar Tree’s Chief Executive Officer. “With the acquisition of Family Dollar Stores, Dollar Tree will become a leading discount retailer in North America, with over 13,000 stores in 48 states and five Canadian Provinces, sales of over $18 billion, and more than 145,000 associates on our team. We will continue to operate under the Dollar Tree, Deals, and Dollar Tree Canada brands, and when this transaction is complete, we will operate under the Family Dollar brand as well. Throughout our history, we have strived continuously to evolve and improve our business. This acquisition, which enhances our footprint and diversifies our company, will enable us to build on that progression, and importantly, positions Dollar Tree for accelerated growth. By offering both fixed-price and multi-price point formats and an even broader, more compelling merchandise assortment, we will be able to provide even greater value and choice to a wider array of customers.

Dollar Tree has a long record of consistent, profitable growth, strong financial performance, prudent capital management, and outstanding total shareholder returns. The acquisition of Family Dollar is consistent with our vision to be the leader in value retailing.”

Sasser added, “This acquisition will extend our reach to lower-income customers and strengthen and diversify our store footprint. We plan to leverage best practices across both organizations to deliver significant synergies, while we accelerate and augment Family Dollar’s recently introduced strategic initiatives. Combined, our growth potential is enhanced with improved opportunities to increase the productivity of the stores and to open more stores across multiple banners.”

“I have long admired the Family Dollar brand and its key position in the minds of the consumer,” said Sasser. “We are excited about the prospects for the combined company and the many opportunities that it will create for our associates, vendors, business partners, and shareholders. Howard Levine, CEO of Family Dollar, will remain with the company and report directly to me. Upon closing, Howard will become a member of the Dollar Tree Board of Directors. We are excited to welcome the Family Dollar team to Dollar Tree, and we look forward to working together to deliver increased value to the consumer and to our shareholders.”

Howard R. Levine, Chairman and CEO of Family Dollar, commented: “For more than 54 years, Family Dollar has provided value and convenience to customers. Dollar Tree also has a rich history of providing great value to customers, and together, as one company, we can provide more customers with even greater value and convenience. Today’s announcement represents the successful culmination of a comprehensive strategic review process that our Board of Directors, working with its financial and legal advisors, began this past winter. While this assessment of alternatives included consideration of a number of potential partners, we are pleased to conclude this process with the announcement of this compelling transaction with Dollar Tree, which our Board has unanimously determined to be in the best interests of our shareholders. This combination will enable Family Dollar to accelerate efforts to improve the business and will benefit our dedicated Team Members who will now be part of a larger, more diverse organization. I am excited about our future with Dollar Tree, and I look forward to working with the Dollar Tree team to complete the combination as quickly as possible to realize the compelling benefits for all our stakeholders.”

Compelling Strategic Rationale

  • Creates a leading discount retailer in North America. The transaction will create a leading discount retailer in North America based on number of store locations, operating more than 13,000 stores in 48 states and five Canadian provinces, with sales exceeding $18 billion and over 145,000 associates.
  • Complementary business model across fixed- and multi-price point. Dollar Tree is the nation’s leading operator of fixed-price point stores, selling everything for $1 or less, and Family Dollar is a leading national operator of multi-price point stores providing value-conscious consumers with a selection of competitively priced merchandise in convenient neighborhood stores. Dollar Tree intends to retain and to grow each of its brands and the Family Dollar brand going forward and will optimize the combined real estate portfolio.
  • Targets broader range of customers and geographies. Dollar Tree targets customers within a broad range of Middle America with stores located primarily in suburban areas and Family Dollar targets low- and lower-middle income households through its urban and rural locations. The transaction will enable Dollar Tree to serve a broader range of customers and deliver even greater value to them.
  • Leverages complementary merchandise expertise. Dollar Tree’s assortment consists of a balance between consumable merchandise and variety/seasonal merchandise. Family Dollar’s assortment consists primarily of consumable merchandise and home products. The complementary assortments will enable the Dollar Tree and Family Dollar brands to expand category offerings and to deliver a broader, more compelling assortment to all customers.
  • Generates significant synergy opportunities. Dollar Tree expects to generate significant efficiencies in sourcing and procurement, SG&A leverage, distribution and logistics efficiency, and through format optimization. Dollar Tree anticipates that the transaction will result in an estimated $300 million of annual run-rate synergies to be fully realized by the end of the third year post-closing.
  • Enhanced financial performance and improved growth prospects. The transaction is estimated to be accretive to cash EPS within the first year post-closing, excluding one-time costs to achieve synergies. Dollar Tree will be better positioned to invest in existing and new markets and channels and to grow its store base across multiple brands. The combined company expects to generate significant free cash flow, enabling it to pay down debt rapidly.

Transaction Details

Under the terms of the transaction, Family Dollar shareholders will receive $74.50 for each share they own, comprised of $59.60 in cash and $14.90 in Dollar Tree stock. The stock portion will be subject to a collar such that Family Dollar shareholders will receive 0.2484 Dollar Tree shares if the average Dollar Tree trading price during a specified period preceding closing is equal to or greater than $59.98 and 0.3036 Dollar Tree shares if this average trading price is less than or equal to $49.08. If the average trading price of Dollar Tree stock during this period is between $49.08 and $59.98, Family Dollar shareholders will receive a number of shares between 0.2484 and 0.3036 equal to $14.90 in value. The transaction values Family Dollar at an enterprise value of approximately $9.2 billion, and it represents an enterprise value to last twelve months May 31, 2014 EBITDA multiple of 11.3x.

Dollar Tree intends to finance the acquisition through a combination of existing cash on hand, bank debt and bonds. Following the transaction, Dollar Tree expects to continue to have a solid balance sheet supported by strong free cash flow of the combined business. In connection with the transaction, Dollar Tree has received a financing commitment from JPMorgan Chase Bank, N.A. with the bank debt syndication and bond offering expected to occur prior to closing.

The transaction is subject to Family Dollar stockholder approval, expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions.

J.P. Morgan Securities LLC acted as exclusive financial advisor to the board of directors of Dollar Tree, and J.P. Morgan Chase Bank, N.A. committed to provide bridge financing for the transaction. Wachtell, Lipton, Rosen & Katz and Williams Mullen acted as legal counsel to Dollar Tree in connection with the transaction. Morgan Stanley & Co. LLC acted as exclusive financial advisor to the board of directors of Family Dollar in connection with the transaction. Cleary Gottlieb Steen & Hamilton LLP acted as legal counsel to Family Dollar in connection with the transaction.

Conference Call

A conference call is scheduled today at 8:30 a.m. ET (5:30 a.m. PT). The telephone number for the call is 866-454-4210. A recorded version of the call will be available until midnight, Wednesday, August 27, 2014, and may be accessed by dialing 888-203-1112. The passcode is 7066122. A webcast of the call is accessible through Dollar Tree’s website, www.dollartreeinfo.com/investors/news/events and will remain online until Wednesday, August 27. A slide presentation may be accessed at www.dollartreeinfo.com/investors/news/events and will be available to be downloaded from the website shortly prior to the conference call.

About Dollar Tree, Inc.
Dollar Tree, Inc., a Fortune 500 Company, operated 5,080 stores in 48 states and five Canadian Provinces as of May 3, 2014, with total retail selling square footage of 44.0 million. To learn more about the Company, visitwww.DollarTree.com.

About Family Dollar Stores, Inc.
Family Dollar Stores, Inc., a Fortune 500 Company, offers a 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. For more information, please visit www.FamilyDollar.com.

Important Information for Investors and Shareholders

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. In connection with the proposed merger between Dollar Tree and Family Dollar, Dollar Tree will file with the Securities and Exchange Commission (SEC) a registration statement on Form S-4 that will include a proxy statement of Family Dollar that also constitutes a prospectus of Family Dollar. After the registration statement has been declared effective by the SEC, the definitive proxy statement/prospectus will be delivered to shareholders of Family Dollar. INVESTORS AND SECURITY HOLDERS OF FAMILY DOLLAR ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS RELATING TO THE MERGER THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. Investors and security holders will be able to obtain free copies of the registration statement and the definitive proxy statement/prospectus (when available) and other documents filed with the SEC by Dollar Tree and Family Dollar through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by Dollar Tree will be available free of charge on Dollar Tree’s internet website at www.DollarTree.com under the heading “Investor Relations” and then under the heading “Download Library” or by contacting Dollar Tree’s Investor Relations Department at 757-321-5284. Copies of the documents filed with the SEC by Family Dollar will be available free of charge on Family Dollar’s internet website at www.FamilyDollar.com under the heading “Investor Relations” and then under the heading “SEC Filings” or by contacting Family Dollar’s Investor Relations Department at 704-708-2858.

Participants in the Solicitation

Dollar Tree, Family Dollar, and their respective directors, executive officers and certain other members of management and employees may be deemed to be participants in the solicitation of proxies from the holders of Family Dollar common stock in respect of the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of proxies in favor of the proposed merger will be set forth in the proxy statement/prospectus when it is filed with the SEC. You can find information about Dollar Tree’s and Family Dollar’s directors and executive officers in their respective definitive proxy statements filed with the SEC on May 12, 2014 and December 6, 2013, respectively. You can obtain free copies of these documents from Dollar Tree or Family Dollar using the contact information above.

Forward Looking Statements

Certain statements contained herein 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 and information about our current and future prospects and our operations and financial results are based on currently available information. Various risks, uncertainties and other factors could cause actual future results and financial performance to vary significantly from those anticipated in such statements. The forward looking statements include assumptions about our operations, such as cost controls and market conditions, and certain plans, activities or events which we expect will or may occur in the future and relate to, among other things, the business combination transaction involving Dollar Tree and Family Dollar, the financing of the proposed transaction, the benefits, results, effects and timing of the proposed transaction, future financial and operating results, and the combined company’s plans, objectives, expectations (financial or otherwise) and intentions.

Risks and uncertainties related to the proposed merger include, among others: the risk that Family Dollar’s stockholders do not approve the merger; the risk that regulatory approvals required for the merger are not obtained on the proposed terms and schedule or are obtained subject to conditions that are not anticipated; the risk that the financing required to fund the transaction is not obtained; the risk that the other conditions to the closing of the merger are not satisfied; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the merger; uncertainties as to the timing of the merger; competitive responses to the proposed merger; response by activist shareholders to the merger; costs and difficulties related to the integration of Family Dollar’s business and operations with Dollar Tree’s business and operations; the inability to obtain, or delays in obtaining, the cost savings and synergies contemplated by the merger; uncertainty of the expected financial performance of the combined company following completion of the proposed transaction; the calculations of, and factors that may impact the calculations of, the acquisition price in connection with the proposed transaction and the allocation of such acquisition price to the net assets acquired in accordance with applicable accounting rules and methodologies; unexpected costs, charges or expenses resulting from the merger; litigation relating to the merger; the outcome of pending or potential litigation or governmental investigations; the inability to retain key personnel; and any changes in general economic and/or industry specific conditions. Consequently, all of the forward-looking statements made by Dollar Tree or Family Dollar, 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 Dollar Tree’s Annual Report on Form 10-K for the fiscal year ended February 1, 2014, Family Dollar’s Annual Report on Form 10-K for the fiscal year ended August 31, 2013, Dollar Tree’s Quarterly Report on Form 10-Q for the quarter ended May 3, 2014, Family Dollar’s Quarterly Report on Form 10-Q for the quarter ended May 31, 2014, and other reports filed by Dollar Tree and Family Dollar with the SEC, which are available at the SEC’s websitehttp://www.sec.gov.

Please read our “Risk Factors” and other cautionary statements contained in these filings. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Dollar Tree and Family Dollar, undertake no obligation to update or revise any 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. As a result of these risks and others, actual results could vary significantly from those anticipated herein, and our financial condition and results of operations could be materially adversely affected.

Contact:

Dollar Tree, Inc.
Investors:
Dollar Tree, Inc.
Randy Guiler, 757-321-5284
rguiler@dollartree.com
or
Media:
Sard Verbinnen & Co
Debbie Miller / Nathaniel Garnick, 212-687-8080
or
Family Dollar Stores, Inc.
Investors:
Kiley F. Rawlins, 704-708-2858
CFA
krawlins@familydollar.com
or
Media:
Joele Frank, Wilkinson Brimmer Katcher
Matthew Sherman / Averell Withers, 212-355-4449

Meijer and SKECHERS gave new pairs of shoes to 1,000 Indianapolis children in need

Children identified through Boys & Girls Clubs of Indianapolis, Children’s Bureau also tour Indianapolis Colts practice complex and meet “Blue”

GRAND RAPIDS, Mich., 2014-7-28 — /EPR Retail News/ — Meijer and SKECHERS teamed up earlier this week to give away new pairs of BOBS from SKECHERS shoes to 1,000 Indianapolis children in need, during a day of fun at Indiana Farm Bureau Football Center – the practice complex of the Indianapolis Colts.

“Meijer was built on a fundamental philosophy of supporting the communities where our customers and team members work and live,” said Lynn Hempe, group vice president of softlines for the Grand Rapids, Mich.-based retailer. “We’ve worked with SKECHERS for a decade, and are thrilled to bring that partnership to another level by providing children with a brand new pair of shoes that they can call their own. It was a fun day for everyone involved.”

Since the BOBS from SKECHERS program launched in 2011, SKECHERS has donated more than 8 million pairs of new shoes to children in need in more than 30 countries worldwide.

“Meijer is a strong retail partner for our BOBS footwear program, so we wanted to create a special event together and give back in a big way,” said Gerald Turetzky, national sales manager for BOBS from SKECHERS. “We’re proud that 1,000 children in the Indianapolis community received a new pair of BOBS shoes, plus a memorable day of fun at the Colts Practice Facility.”

After receiving their shoes, the children had fun decorating them with paint pens. The shoe donation event also included a mini football camp inside the Colts’ practice facility, a chance to view the Super Bowl trophy, and meet the team’s cheerleaders and mascot, Blue.

“Meijer has been a longstanding partner of ours in the community,” said Stephanie Pemberton, Colts Senior Director of Marketing. “We were honored to have another opportunity to serve alongside them and provide an incredibly special day for so many central Indiana children.”

K.I.D.S./Fashion Delivers worked with Children’s Bureau and Boys & Girls Clubs of Indianapolis to identify children to receive the shoes.

“Partnerships are key to community betterment,” said Tina Cloer, president and CEO of Children’s Bureau. “We are grateful to SKECHERS and Meijer for allowing Children’s Bureau families a day of fun and shoes.”

“We are grateful for community partners who are willing to give to our youth,” said Rick Whitten, executive director of Boys & Girls Clubs of Indianapolis. “Many of our club kids come from homes in which this kind of giving makes a major impact. With the new school year approaching, we know many will be excited to receive this kind gift.”

Downloadable photos from the event are available at http://newsroom.meijer.com/skechers-shoe-donation. B-roll is available for interested media at http://newsroom.meijer.com/broll-footage.

About Meijer
Meijer is a Grand Rapids, Mich.-based retailer that operates 210 supercenters and grocery stores throughout Michigan, Ohio, Indiana, Illinois and Kentucky. As a pioneer of the “one-stop shopping” concept, Meijer stores have evolved through the years to include expanded fresh produce and meat departments, as well as pharmacies, comprehensive electronics departments, garden centers and apparel offerings. Additional information on Meijer can be found at www.meijer.com. Follow Meijer on Twitter @twitter.com/Meijer and @twitter.com/MeijerPR or become a fan at www.facebook.com/meijer.

About SKECHERS USA, Inc.
SKECHERS USA, Inc. (NYSE:SKX), based in Manhattan Beach, California, designs, develops and markets a diverse range of lifestyle footwear for men, women and children, as well as performance footwear for men and women. SKECHERS footwear is available in the United States via department and specialty stores, Company-owned SKECHERS retail stores and its e-commerce website, and in over 100 countries and territories through the Company’s international network of subsidiaries in Canada, Brazil, Chile, Japan, and across Europe, as well as through joint ventures in Asia and distributors around the world. For more information, please visit www.skechers.com, and follow us on Facebook (www.facebook.com/SKECHERS) and Twitter (twitter.com/SKECHERSUSA).

About K.I.D.S./Fashion Delivers
K.I.D.S./Fashion Delivers unites retailers, manufacturers, foundations and individuals to provide people impacted by poverty and tragedy with new merchandise, effectively distributed through a network of agency partners to improve the well-being, self-esteem and dignity of at-risk families and individuals. To date, over $1 billion of donated products have been distributed through our network, serving the poor and disadvantaged worldwide. For more information, visit: donateproduct.com.

About Boys & Girls Clubs of Indianapolis
Since 1893, Boys & Girls Clubs of Indianapolis have served the Indianapolis community. With 11 Club locations, the Clubs provide programs for over 7,300 youth in the areas of career exploration and educational enhancement, citizenship and leadership, the arts, and health and fitness. For additional information, please call 317-920-4700 or visit www.BGCIndy.org.

About Children’s Bureau, Inc.
Children’s Bureau is a well-established nonprofit working on behalf of abused and neglected children and families in Indiana. Through our more than 17 programs, we act as an advocate for all children and families focusing on those that are at-risk. We provide a full array of community based prevention and intervention services and work in partnership with the Department of Child Services and various other community organizations statewide. Currently, we provide child and family social services in over 40 counties throughout Indiana to nearly 43,000 annually. More information about Children’s Bureau is available at www.childrensbureau.org.

Contacts: Christina Fecher, christina.fecher@meijer.com, 616-735-7968; Lauren Dutko, laurend@skechers.com, 424-254-6084

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Meijer and SKECHERS gave new pairs of shoes to 1,000 Indianapolis children in need

Meijer and SKECHERS gave new pairs of shoes to 1,000 Indianapolis children in need

Target makes back-to-school shopping for Canadian families fun and stress-free experience with its unbeatable prices

Guests will find new, on-trend and exclusive products at unbeatable prices

MISSISSAUGA, 2014-7-28 — /EPR Retail News/ —  From the latest fashions to school supplies, Target is the destination for back to school must-haves at unbeatable prices. Based on a survey commissioned by Target, 51% of Canadian moms describe back-to-school shopping as expensive and stressful. This year, Target is making it easier than ever for Canadian families to transform their back-to-school shopping into a fun and stress-free experience, both for parents and their wallets.

“Target understands that back-to-school is a busy period for parents,” said Livia Zufferli, vice president, marketing, Target Canada. “We did our homework when planning our assortment this year. Our product team partnered with students, parents and teachers to update and enhance our products.  The simple addition of an extra handle or zippered pocket can make such a difference and distinguishes our assortment from the rest – providing the quality and style guests expect from Target, all at unbeatable prices.”

Going back to school calls for quality school supplies, fun yet durable backpacks, stylish clothes and sturdy lunch boxes – and Target makes it easy for families to find everything on their list at unbeatable prices. Highlights include:

  • Kid Made Modern: In response to diminishing art programs in schools, Kid Made Modern applies designer Todd Oldham’s internationally renowned, lighthearted style to kids’ art supplies, making the craft fun and approachable. Only at Target.
  • Licensed products: Target offers a broad assortment of licensed items like backpacks and lunch boxes, from Teenage Mutant Ninja Turtles to Hello Kitty and Superman.
  • On-trend clothing and accessories: From graphic tee-shirts to denims and colourful hoodies, Target has everything for a cool look without breaking the bank.
  • S Sport Designed by Skechers: Only at Target, this new brand of casual athletic shoes from Skechers offers style and comfort at incredible value.
  • Target REDCard: To make back-to-school shopping more affordable, guests who shop with their Target REDCard will receive 5 per cent off their entire purchase as part of the ongoing REDCard rewards program.

To make back-to-school shopping easier, Target has created a microsite where guests can view and download the catalogue as well as coupons for additional savings. The microsite is available at:www.target.ca/backtoschool. And in stores, guests will notice bright signage to easily locate the different departments as well as the back-to-school shop located at the back of the store.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,922 stores – 1,795 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

Sébastien Bouchard
Target Public Relations
p: 514-207-1098