Rite Aid Corporation announced its July sales increased 4.6 percent over the prior-year period

CAMP HILL, Pa., 2014-8-4 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD) today announced sales results for July.

Monthly Sales

For the four weeks ended July 26, 2014, same store sales increased 4.6 percent over the prior-year period. July front-end same store sales increased 1.5 percent. Pharmacy same store sales, which included an approximate 203 basis points negative impact from new generic introductions, increased 6.0 percent. Prescription count at comparable stores increased 3.9 percent over the prior-year period.

Total drugstore sales for the four-week period increased 4.1 percent to $1.975 billion compared to $1.898 billion for the same period last year. Prescription sales accounted for 68.6 percent of drugstore sales, and third party prescription sales represented 97.5 percent of pharmacy sales.

Year-to-Date

Same store sales for the 21-week period ended July 26, 2014 increased 3.5 percent over the prior-year period. Front-end same store sales increased 0.5 percent while pharmacy same store sales increased 5.0 percent.  Prescription count at comparable stores increased 2.8 percent over the prior-year period.

Total drugstore sales for the 21 weeks ended July 26, 2014 increased 3.0 percent with sales of $10.395 billion compared to $10.089 billion for the same period last year. Prescription sales represented 68.4 percent of total drugstore sales, and third party prescription sales represented 97.5 percent of pharmacy sales.

Rite Aid is one of the nation’s largest drugstore chains. On July 26, 2014, the company operated 4,573 stores compared to 4,611 stores in the like period a year ago. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at http://www.riteaid.com. Note that all sales data in this release is preliminary, unaudited and subject to revision.

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

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Contact:

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

Media: Susan Henderson 717-730-7766

The Meijer Style team to help customers review the ABC’s of Meijer back to school fashion

GRAND RAPIDS, Mich., 2014-8-4 — /EPR Retail News/ — It’s time to start preparing to head back to school. The Meijer Style team plans to help customers review the ABC’s of Meijer fashions.

A: Athletic influences have made their way into the season’s new fashions. Look for raglan sleeves, sweatshirt body tees and draw strings on many pieces. Banded legged pants, known as joggers, are perfect for class and casual social outings.

B: Brights are back. Bright colors of green, blue, pink, yellow and orange add newness to hoodies and kids apparel. Mix and match patterns and colors as pieces are layered this fall. Everyone has their own unique style.

C: Cozies are a must have. We can’t stop the weather from getting cooler, but we can look good as we ward off the cold with oversized cozy sweaters. Fly away cardigans are also added to the mix. Soft and warm in slub and bulky knit textures. These pieces are the on the “final exam” ….layering piece that is.

Now let’s dive a little deeper into the “Meijer Back to School Fashions” lesson by reviewing the specific “chapters.”

1.  Juniors and Girls

  • Jogger pants and pattern leggings. The influence of tribal prints.
  • Soft and feminine. Chiffon, lace and small floral prints are highlighted. Flowing high-low hems are on shirts and skirts.
  • Pajama PartyModest, comfortable pajamas for lounging and studying.
  • Patterned and pleated skirts for girls.
  • Skater dresses for flair.

2. Young Men’s and Boys

  • Plaid shirts for all occasions.
  • Layer patterned shirts over tees.
  • Hoodies in many styles: zip front, pull-over, light weight, brights and patterns….even styles with built-in head phones.

3.  Denim

  • Many options, including distressed finishes, indigo and lighter washes in boot cut or slim      leg and mid and low rise. Pocket detailing is important and stretch fabrics are available.
  • For dress up or casual.

4.  Shoes and Accessories

  • Boots galore. Ankle, riding , lace up, trooper and more. Match with leggings, joggers, skirts and jeans.         
  • Canvas and athletic footwear with colorful detailing.
  • Slouchy hats.
  • Fringed hand bags.
  • Patterned back packs.

Summary:

Creating a unique personal style through layering and the mixing and matching of colors and patterns will get a student to school looking and feeling good.

All the latest fashions are at Meijer and available at prices you can afford. Visit meijerstyle.com for more fashion advice.

About Meijer
Meijer is a Grand Rapids, Mich.-based retailer that operates 213 supercenters and grocery stores throughout Michigan, Ohio, Indiana, Illinois and Kentucky. As the inventor 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. For more information on Meijer, please visit www.meijer.com. Follow Meijer on Twitter @twitter.com/meijer and @twitter.com/meijerPR or become a fan atwww.facebook.com/meijer.

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The Meijer Style team to help customers review the ABC’s of Meijer back to school fashion

The Meijer Style team to help customers review the ABC’s of Meijer back to school fashion

Brian Cornell becomes Target’s new chairman of the Board of Directors and CEO

MINNEAPOLIS, 2014-8-4 — /EPR Retail News/ — Target Corporation (NYSE: TGT) announced today that its Board of Directors has named seasoned retail and consumer products veteran Brian Cornell as the company’s next chairman of the Board of Directors and chief executive officer, effective August 12. Cornell, 55, joins Target with more than 30 years of experience at some of the nation’s leading retail and consumer product companies. As Target’s new CEO, Cornell’s top priorities will be accelerating the company’s performance and advancing Target’s omnichannel evolution.

Cornell most recently served as the chief executive officer of PepsiCo Americas Foods where he oversaw the company’s global food business, the largest of PepsiCo’s four divisions. He was responsible for a portfolio that included Frito-Lay North America, Quaker Foods and all of PepsiCo’s Latin America food and snack businesses. Before joining PepsiCo in 2012, Cornell served as president and CEO of Sam’s Club, a division of Wal-Mart Stores, Inc. Cornell also held the position of CEO at Michaels Stores, Inc., and prior to that, executive vice president and chief marketing officer for Safeway.

“As we seek to aggressively move Target forward and establish the company as a top omnichannel retailer, we focused on identifying an extraordinary leader who could bring vision, focus and a wealth of experience to Target’s transformation,” said Roxanne S. Austin, interim non-executive chair of the board. “The Board is confident that Brian’s diverse and broad experience in retail and consumer products as well as his passion for leading high performing teams will propel Target forward.”

“I am honored and humbled to join Target as the first CEO hired from outside the company.  I am committed to empowering this talented team to realize its full potential, lead change and strengthen the love guests have for this brand,” said Cornell. “As we create the Target of tomorrow, I will focus on our current business performance in both the U.S. and Canada and on how we accelerate our omnichannel transformation.”

Cornell earned a Bachelor’s Degree from the University of California Los Angeles (UCLA) and attended the Anderson Graduate School of Management. He currently serves on the Board of Visitors at the Anderson Graduate School of Management, as well as the Board of Directors at Polaris Industries.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,925 stores – 1,795 in the United States and 130 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, visitTarget.com/Pressroom. For a behind-the-scenes look at Target, visit ABullseyeView.com or follow @TargetNews on Twitter.

media contact
Dustee Jenkins
p: (612) 696-3400

John Hulbert
Investors
p: (612) 761-6627

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Brian Cornell becomes Target's new chairman of the Board of Directors and CEO

Brian Cornell becomes Target’s new chairman of the Board of Directors and CEO

Ingles Markets reports its nine month sales rose 2.9% to $2.87 billion vs. prior year nine-month period

ASHEVILLE, N.C., 2014-8-4 — /EPR Retail News/ — Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported higher sales and net income for the three and nine months ended June 28, 2014 as compared with the three and nine months ended June 29, 2013. Third quarter net sales rose 4.7% to $978.3 million, an increase of $44.2 million over last year’s third quarter. Nine month sales rose 2.9% to $2.87 billion, compared with $2.79 billion for the prior year nine-month period. Net income totaled $13.8 million for the quarter and $33.8 million for the nine months ended June 28, 2014.

During last year’s June quarter, the Company incurred $43.1 million of pre-tax debt refinancing costs related to a comprehensive refinancing transaction. Including these costs, the Company incurred a net loss of $14.4 million for the June 2013 quarter and earned net income of $5.2 million for the nine months ended June 29, 2013. Fiscal year 2014 income before taxes increased over the prior year even after adding back last year’s debt costs.

Robert P. Ingle II, Chief Executive Officer, stated, “We are pleased with the growth of our sales and earnings for the third quarter and fiscal 2014 made possible by our hard-working associates achieving our long term goals.”

Third Quarter Results

Net sales increased by 4.7% to $978.3 million for the three months ended June 28, 2014, from $934.0 million for the three months ended June 29, 2013. Comparable store sales (excluding gasoline), including a positive impact of approximately 88 basis points from Easter shifting from the second quarter last year to the third quarter this year, increased 2.1%. The number of customer transactions (excluding gasoline) increased 0.3%, while the comparable average transaction size (excluding gasoline) increased 1.8% compared with the same quarter last year.

Gross profit for the June 2014 quarter was $215.2 million, 22.0% of sales. Excluding gasoline sales, grocery segment gross profit as a percentage of sales increased 20 basis points in the third quarter of fiscal 2014 compared with the same fiscal 2013 period.

Operating and administrative expenses for the June 2014 quarter totaled $182.7 million. Operating expenses as a percentage of sales (excluding gasoline) were 22.4% for both the June 2014 and June 2013 quarters.

Interest expense totaled $11.6 million for the three-month period ended June 28, 2014 compared with $16.0 million for the three-month period ended June 29, 2013. Total debt at the end of June 2014 was $909.3 million compared with $934.5 million at the end of June 2013.

Basic and diluted earnings per share for Class A Common Stock were $0.63 and $0.61, respectively, for the quarter ended June 28, 2014, compared to a loss of $0.62 per basic and diluted Class A share for the quarter ended June 29, 2013. Basic and diluted earnings per share for Class B Common Stock were each $0.57 for the quarter ended June 28, 2014, compared with a loss of $0.56 per basic and diluted Class B share for the quarter ended June 29, 2013.

Nine Months Results

Net sales increased $81.5 million to $2.87 billion for the nine months ended June 28, 2014, from $2.79 billion for the nine months ended June 29, 2013. Excluding gasoline sales, grocery segment comparable store sales increased 0.9% for the nine-month period.

Gross profit for the June 2014 nine-month period was $624.8 million, 21.8% of sales. Excluding gasoline sales, grocery segment gross profit as a percentage of sales increased 20 basis points for the nine months of fiscal 2014 compared with the same fiscal 2013 period.

Operating and administrative expenses for the June 2014 nine-month period totaled $538.6 million. Operating expenses as a percentage of sales (excluding gasoline) were 22.1% for both the June 2014 and June 2013 nine-month periods.

Interest expense totaled $35.0 million for the nine-month period ended June 28, 2014, compared with $47.3 million for the nine-month period ended June 29, 2013. Total debt at the end of June 2014 was $909.3 million compared with $934.5 million at the end of June 2013.

Basic and diluted earnings per share for Class A Common Stock were $1.54 and $1.49, respectively, for the nine months ended June 28, 2014, compared to $0.23 and $0.21, respectively, for the nine months ended June 29, 2013. Basic and diluted earnings per share for Class B Common Stock were each $1.40 for the nine months ended June 28, 2014, compared to $0.21 of basic and diluted earnings per share for the nine months ended June 29, 2013.

Capital expenditures for the June 2014 nine-month period totaled $72.6 million, compared with $76.8 million for the June 2013 nine-month period. Capital expenditures for fiscal 2014 are expected to be approximately $100 million to $120 million.

The Company currently has lines of credit totaling $175.0 million, all of which is currently available except for $10.9 million of issued but unused letters of credit at June 28, 2014. The Company believes its financial resources, including these lines of credit and other internal and anticipated external sources of funds, will be sufficient to meet planned capital expenditures, debt service and working capital requirements for the foreseeable future.

View Unaudited Financial Highlights

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

Ingles Markets, Incorporated is a leading supermarket chain with operations in six southeastern states. Headquartered in Asheville, North Carolina, the Company operates 201 supermarkets. In conjunction with its supermarket operations, the Company operates neighborhood shopping centers, most of which contain an Ingles supermarket. The Company also owns a fluid dairy facility that supplies Company supermarkets and unaffiliated customers. The Company’s Class A Common Stock is traded on The NASDAQ Stock Market’s Global Select Market under the symbol IMKTA. For more information, visit Ingles’ website www.ingles-markets.com.

Contact:
Ron Freeman
Chief Financial Officer
(828) 669-2941 (Ext. 223)

CBRE Group, Inc. completes the acquisition of Preuss Gesellschaft mbH and its subsidiaries

CBRE Expands Building Consultancy Capabilities in Germany with Addition of Project Management Specialists

Los Angeles, 2014-8-4 — /EPR Retail News/ — CBRE Group, Inc. (NYSE: CBG) today announced it has closed the acquisition ofPreuss Gesellschaft mbH and its subsidiaries (“Preuss”), a leading provider of project management services in Germany.

Preuss focuses on the project management of new real estate developments and refurbishment of large existing properties. Its clients include leading real estate investors and major occupiers across all sectors of the German economy. It employs approximately 100 professionals, including architects, civil engineers and HVAC engineers, who will be fully integrated into CBRE’s Building Consultancy group in Germany and across Europe.

Preuss is CBRE’s second acquisition in Germany in 2014, following its purchase in February of VALTEQ Gesellschaft mbH, a real estate technical consulting firm.

Michael Strong, CBRE’s Executive Chairman of Europe, Middle East and Africa, said: “We are very pleased to welcome the Preuss team to CBRE.  We are dedicated to providing our clients with the broadest range of property services, and the acquisition of a leading specialist such as Preuss, as well as our recent acquisition of VALTEQ, expands and enhances our capabilities in Germany.”

About Preuss Gesellschaft mbH 
Preuss Gesellschaft mbH, founded in 2003 by Dr. Norbert Preuss, has its core competence in project management services for commercial and residential real estate projects. The firm provides consulting services to both real estate investors and occupiers. Preuss has approximately 100 professionals and has offices in Munich, Frankfurt, Dusseldorf and Berlin. Please visit its website at www.preuss-pm.de.

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 Preuss 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 secure regulatory approval from the German government to close the transaction, and upon closing, to successfully integrate the Preuss operations with CBRE’s existing project management and building consulting services in Germany and across EMEA, 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 the Company’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.

CBRE Group, Inc. acquires specialized project management company Paragon Project Management Pty Ltd

Los Angeles, 2014-8-4 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that it has acquired Paragon Project Management Pty Ltd, a leading specialized project management company. The acquisition materially strengthens CBRE’s position as a leader in corporate real estate services in the Pacific Region.

Paragon’s national team of 26 professionals will be integrated with CBRE’s existing Project Management division in Pacific. The combined operation will employ a staff of 70 Project Management professionals with broad and deep capabilities.

Tom Southern, President and CEO of CBRE’s Australian & New Zealand operations, said the acquisition reflects the Company’s continued focus on the growth of its Global Corporate Services business.

“We will be able to provide an expansive, first class diversified service offering to clients in Australia and New Zealand, given the quality, experience and resources of the combined team,” Mr. Southern said.

Chris Hynes, the Senior Managing Director of CBRE’s Pacific Global Corporate Services team, said: “Paragon is one of the leaders in Project Management in Australia. The quality of their people and client relationships was extremely attractive to us as was their track record in delivering landmark construction and fit-out projects across the country.”

Paragon has provided a range of consultancy services to the building and construction industry for the past 25 years through offices in Sydney, Brisbane and Perth. Paragon founder Ian Rea will lead the integrated CBRE Project Management team. Other senior members of the team will include Scott Jackman, Geoff Warren and Adam Currall.

Mr. Rea said the CBRE deal would provide Paragon with access to a broader client base and the resources of a market-leading global business. ‘’The strength of the CBRE brand will enhance our ability to continue to grow the business, while offering our existing staff greater career opportunities,’’ Mr. Rea said.

Paragon has a proven track record working for both the owners and occupiers of space in Australia and New Zealand across all project sectors, including multi-unit residential, commercial development, building refurbishment/repurposing, civil subdivision and land remediation projects, data centers, aged care and health facilities, and projects for all levels of government.

Significant recent assignments include project managing the fit-out of BHP Billiton’s 35-floor occupancy in Brookfield Place in Perth, the ABC South Bank Studios in Brisbane and workspace projects for ANZ, Canon and Fairfax Media in Sydney and the Commonwealth Bank of Australia in both Sydney and Melbourne.

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 Paragon Project Management 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 to successfully integrate the Paragon Project Management operations with CBRE’s existing project management operations in Australia and the Pacific Region, 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 the Company’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.

CBRE Group, Inc. acquires CBRE Louisville

Los Angeles, 2014-8-4 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that it has acquired CBRE | Louisville, a commercial real estate services firm that has served as CBRE’s affiliate in metropolitan Louisville, Kentucky and southern Indiana since 1996.

CBRE | Louisville is one of the Louisville region’s leading providers of leasing, investment sales, property management and consulting services. The firm, led by Managing Director David Hardy and his partners, Kevin Grove and Robert Schwartz, has a staff of 34 and manages more than 10 million square feet in the region.

“David, Kevin, Robert and their colleagues in Louisville have built their firm into the local market leader,” said John Latessa, Senior Managing Director, CBRE. “Equally important, we have worked with our Louisville colleagues for nearly 20 years, and they fully embrace our corporate values and commitment to premier client service. We look forward to working more closely than ever with the Louisville team to create value for our clients.”

Louisville is a growing business center in the Midwest, with a diversified economy that includes several Fortune 500 and many middle‐market companies. Employment in the manufacturing and logistics sectors has been a strong growth driver in the region, along with the health care sector and the medical science industry, which has contributed significant advancements in both heart and hand surgery. Downtown Louisville continues to experience a strong growth period with numerous multi-million dollar construction and renovation projects under way.

“We have always been passionate about delivering the best possible service to our clients,” said Mr. Hardy. “By fully integrating into CBRE’s premier global platform, we can take our service to the next level of scale and quality.”

Mr. Hardy will join CBRE as its Managing Director for Kentucky.  Also joining CBRE are Mr. Grove and Mr. Schwartz, who will focus on client service, Bruce Wibbels, Director of Asset Services, as well as CBRE | Louisville’s entire team of brokerage professionals and staff.

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 CBRE | Louisville 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 CBRE | Louisville with CBRE’s existing operations, 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.

CBL & Associates Properties, Inc. and Horizon Group Properties, Inc. mark the opening of The Outlet Shoppes of the Bluegrass

LOUISVILLE, KY SHOPPING CENTER OPENS 100% LEASED
CHATTANOOGA, TN and NORTON SHORES, MI, 2014-8-4 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL) and Horizon Group Properties, Inc. (OTC: HGPI), announced today the grand opening of The Outlet Shoppes of the Bluegrass, which opened fully leased with 90 stores and eateries.

The center opened to the public with a wide variety of well-known designer outlets including Saks Fifth Avenue OFF 5TH, Nike, Brooks Brothers, Guess, Chico’s, Coach, Banana Republic, J.Crew, Michael Kors, Tommy Hilfiger, Under Armour, Vera Bradley and more. Additional stores will be opened in the fall including Gucci, Kate Spade and Tumi.

“We are excited about this strong group of retailers and believe they will help draw shoppers from a large area throughout Kentucky, Indiana, and Ohio,” said Gary J. Skoien, chief executive officer of Horizon Group Properties.

The Outlet Shoppes of the Bluegrass is the only outlet center in the state and is located between Louisville and Lexington on Interstate 64. Over 68,000 cars pass by the site daily. The center is expected to draw over six million visitors a year from the three-state area plus travelers on Interstate 64.

Construction on the 375,000 square-foot outlet center began in May of 2013.

Built in a shopper-friendly racetrack layout, the center has covered structure walkways to maximize comfort and convenience for patrons. Two entrance corridors on the north side of the property feature fifteen Louisville Slugger bronze sculpture replica bats used by Hank Aaron, Cal Ripken Jr., Babe Ruth, George Brett and more.

The Outlet Shoppes of the Bluegrass boasts landscaped courtyards, vibrant architectural features and a fun lively setting. The center features a large food court, children’s play area, center court stage with fireplace, fountains and other amenities to encourage shoppers to fully enjoy the lively retail and entertainment choices.

“Shopping is the number two activity that tourists enjoy,” commented Mr. Skoien. “The center is working with many of the area hotel and tourism partners to provide day trips and other shopping packages.” The center offers shuttle services to assist travelers that come to the area with transportation needs, as well as provides services for conventions, family reunions and special group outings.

“The Outlet Shoppes of the Bluegrass brings the best outlet brands to Kentucky,” said Stephen Lebovitz, president and chief executive officer of CBL. “We are confident that this center will become a major retail destination for area residents as well as tourists and shoppers from surrounding states.”

The Outlet Shoppes of the Bluegrass will contribute significantly to the area’s local economy by creating new jobs and generating sales tax revenues. Once complete, the center is estimated to create more than 1,000 jobs for the community and generate more than $130 million in annual sales. This level of sales will generate approximately $8 million in sales taxes to the state of Kentucky annually, in addition to significant revenue for the local government and school district through property and other taxes.

About Horizon Group Properties, Inc.
Based in Norton Shores, Michigan with executive offices in Chicago (Rosemont), IL, Horizon Group Properties, Inc. is a leading owner and developer of factory outlet shopping centers in the United States and Asia and is the developer of a master planned community in suburban Chicago. For more information, please visit www.horizongroup.com.

About CBL & Associates Properties, Inc.
CBL is one of the largest and most active owners and developers of malls and shopping centers in the United States. CBL owns, holds interests in or manages 152 properties, including 92 regional malls/open-air centers. The properties are located in 30 states and total 86.7 million square feet including 7.3 million square feet of non-owned shopping centers managed for third parties. Headquartered in Chattanooga, TN, CBL has regional offices in Boston (Waltham), MA, Dallas (Irving), TX, and St. Louis, MO. Additional information can be found at cblproperties.com.

Contact:

Dan Summerlin, Director of Corporate Relations, 423.490.8315, dan_summerlin@cblproperties.com

Gina Slechta, SCMD, Vice President of Marketing, 402-991-0875, marketing@horizongroup.com

Foodstuffs: New Zealand’s largest food distribution centre expected to be complete by September 2014

Whakatane, New Zealand, 2014-8-4 — /EPR Retail News/ — When Foodstuffs South Island purchased the 13 hectare Hornby ‘Greenfields’ property in February 2011 it was with a view to develop the site into the key South Island distribution centre (DC) and future of supply chain for the South Island business.

Construction at the site commenced in 2013 with the build expected to be complete by September 2014. Relocation of the Papanui DC to Hornby gets underway from mid-August this year with a view to completion by October 2014.

The new Hornby DC is a massive development taking up 32,200m2 and brings the total ambient site up to 46,000 m2. This means the site will have a pallet capacity of 43,000 pallets a significant increase on the existing 27,000 we have available in Christchurch at present  . Despite the significant investment the business has made in Hornby, Foodstuffs South Island continues to remain committed to the Dunedin RDC which according to John Mullins, General Manager Supply Chain, will be responsible for regional distribution of fast and medium moving products.

“It’s a huge task transitioning distribution across from Papanui and Dunedin to Hornby. The whole process requires strong supplier input and communication and we have been working with our suppliers for some time to prepare for the August-September  transition,” says Mullins.

“The benefits are significant to both our members and suppliers. Hornby promises to deliver a wide range of benefits including a reduction in the amount of order handling, transportation efficiencies, and improvements to order scheduling. For suppliers a DC that can handle slow moving goods, delivers a single point of contact and offers streamlined DC processes can only be a good thing. The more efficient we are as a business the easier it will be for our suppliers to meet their own business objectives,” says Mullins.

Mullins confirms that further centralisation of split case picking will follow in March 2015 with continued systems development promising to improve the existing processes. A temperature controlled DC extension is planned on site and more details on this will be revealed in time.

Kingfisher announces the second instalment of its European Home Report

  • Rising energy prices are homeowners’ number one fear
  • Home improvement increasingly seen as a way to add value

LONDON, 2014-8-4 — /EPR Retail News/ — Kingfisher, the home improvement retailer whose businesses include B&Q and Castorama, has unveiled the second instalment of its European Home Report, two years on since the first:  a survey of 17,000 householders’ attitudes to home improvement, covering nine European countries.

Adapting the home

The latest report finds that Europe’s homes are bursting at the seams as changing lifestyles and demographics put our living spaces under more pressure than ever before. With UK homes the smallest in Europe, houses being built on smaller plots and rising trends such as working from home and children living longer with their parents, people are increasingly viewing their homes as a flexible, adaptable space that needs to change to accommodate shifting priorities:

  • More than three quarters (77%) of Europeans surveyed said their current home needs adapting to changing family needs
  • 22% said they need to create more space
  • 46% of people have, or would like, a home office

Financial fears driving energy agenda

The Kingfisher European Home Report also found that rising energy prices are by far the number one fear of European homeowners:

  • 65% of people say rising energy prices are their number one worry about the home. This is more than double the number worried about keeping up with the mortgage/rent (23%).

Rising energy bills are driving energy efficiency measures up the household agenda:

  • People are eight times more likely to prioritise energy efficient changes, compared with two years ago
  • Almost a third (31%) intend to update their homes’ energy efficiency, compared to just 4% in 2012

Value creation

Not only are homeowners looking to adapt their space for better lives, they are also looking increasingly to use home improvement to increase the value of their home:

  • The number of homeowners using home improvement to increase the value of their home has quadrupled from 17% in 2012 to 68% in 2014

Aspirational living

As well as changing homes for practical reasons, the report revealed that people also aspire to more. Asked about their motivation for doing home improvement, 39% said they want their home to show success and impress friends and 34% to “keep up with the Jones’”. And, perhaps indicative of increasing consumer confidence, the features most people want are swimming pools (28%), fireplaces (26%), conservatories (23%) and hot tubs (22%). In the UK, people desire en-suite bathrooms more than any other European country.

The DIY skill factor

There are signs that people are getting better at DIY, with their abilities improving since 2012. Despite this, many are ill-equipped to carry out minor household jobs:

  • 40% are not confident assembling flat pack furniture
  • Less than half are confident at unblocking a lavatory

As well as victory in football, Germany also wins the DIY cup – found to be both the most capable and confident nation, jointly with France. The UK comes in 5th place.

And finally… DIY can help you find love

Aside from intelligence, practicality around the house is the trait women most desire and value in a partner.

Sir Ian Cheshire, Group Chief Executive of Kingfisher plc, commented:  “As lifestyles change and living costs rise, people want more and more from their home. The modern home increasingly needs to be a flexible, adaptable space that is able to evolve as our lives change. These days our homes need to be an office, an entertainment hub and a multi-generational living space.

“Despite worries about rising energy costs, the big increase in those looking to use their home as a wealth creator through doing home improvement shows people are more confident about their homes than they were just a couple of years ago.”

Commenting on the desire to improve energy efficiency, Sir Ian Cheshire added:

“Rising energy prices are a very real fear – right across Europe, a bigger concern even than worries about paying the rent or mortgage.

“There is a staggering increase in the number of people who intend to prioritise energy efficiency and it is soaring bills that is driving this agenda.”

 

DIY Confidence Can do Can’t do
Change a lightbulb 77% 23%
Painting 73% 27%
Assemble flat-pack furniture 60% 40%
Cut the lawn 57% 43%
Put up shelves 54% 46%
Unblock a toilet 54% 46%
Grow vegetables 54% 46%
Wallpapering 52% 48%
Fix a dripping tap 47% 53%
Lay carpets/flooring 34% 66%
Tiling 25% 75%
Build something out of wood 25% 75%
Plastering 24% 76%
General electric work 23% 77%
Lay bricks 17% 83%
DIY skills confidence leaderboard
1st Germany, France
3rd Poland
4th Russia
5th Spain, UK
7th Ireland
8th Romania
9th Turkey
Confidence in doing 22 common DIY tasks

UK highlights

  • Most likely nation to buy DIY products online (46%) and most likely to use ‘click & collect’ services (28%)
  • 2nd most likely nation to have a garden shed (49%), after the Irish (52%)
  • 8% plan to move house in the next 12 months, up from 5% in 2012
  • Britain remains a nation of gardeners, with above average confidence in vegetable growing and lawn mowing
  • Top of the UK’s wish list is to have a conservatory

Further copies of the report can be downloaded from www.kingfisher.com from Monday 4th August at 9am.

 

Contact:

Nigel Cope, Head of Media Relations     +44(0)20 7644 1030

Clare Feast, Media Relations Manager   +44(0)20 7644 1286

FTI                                                                  +44(0)20 3727 1000

About the research
The European Home Report 2014 provides a unique snapshot of how Europeans view their homes and their attitudes towards DIY and home improvement. It is a follow up to the 2012 report, showing how things have moved on and providing further insight into what householders in Europe are worried about, what they aspire to and how they are updating their homes to suit 21st Century living.

The research was conducted online from 4th-9th April 2014 with the adult general population who undertake home improvements in United Kingdom, France, Germany, Ireland, Poland, Romania, Russia, Spain and Turkey in their local languages. More than 17,000 responses were captured.