Wincor Nixdorf commissioned research explains how banks can benefit by outsourcing the management of their ATM networks to expert third-party provider

Paderborn, Germany, 2014-10-9— /EPR Retail News/ — The U.S. market research firm IDC has published a white paper entitled “Optimizing customer experience through innovative management of the ATM fleet” commissioned by Wincor Nixdorf explaining how banks can benefit operationally and financially by outsourcing the management of their ATM network to an expert third-party provider.

For banks, ATMs are an essential component of their self-service strategy – and have been so for nearly 50 years. Customers around the world have come to rely on them in banks, airports, retail stores and other highly frequented locations to provide a diverse and growing range of financial interactions and transactions. So, given that the value of ATMs has never been higher, banks can arguably question why they should even consider handing over the management of their ATM fleets to a third-party provider.

Market research firm IDC delivers multiple reasons for outsourcing this business in the white paper, “Optimizing customer experience through innovative management of the ATM fleet”.

In the paper, IDC notes that ATMs are often part of a complex and heterogeneous environment, consisting of diversified branch formats and a multiplicity of hardware and software. To reduce complexity and increase efficiency, banks need to create homogeneity, a process that ties up human and financial resources.

To attract customers to their branches, banks also need new formats featuring ATMs with enhanced and innovative functionalities and these, in turn, require ATM networks to be operated in fundamentally different ways. This is yet another pressing requirement that ties up resources.

Nor is technology standing still. ATMs continue to be enhanced, for instance, with self-healing and predictive maintenance functionalities. Banks must leverage these innovations to gain a competitive edge.

On top of all this is the growing demand for omnichannel services. These budding new services provide customers with a superior, immersive and seamless experience in the branch, at the ATM, on the computer or on the mobile phone. Interconnecting the stationary and online operations is a formidable task that requires a high level of expertise.

These are among the key reasons described in the IDC research on why banks should consider outsourcing their ATM fleets to professional third-party suppliers such as Wincor Nixdorf. Banks, the market researcher argues, can free up human and financial resources to focus on their core banking tasks and also have the latest technology by handing over the operation of their self-service terminals to trusted partners. And partnering, the firm argues, doesn’t mean financial institutions will disconnect with their customers, but rather will maximize performance and the customer experience.

In the white paper, IDC also provides answers to four broader questions relating to ATM management: What role does the ATM play in today’s retail banking business strategy? Why does the branch, and specifically the ATM channel, remain important for banks? How can retail banks use ATM management to support their business strategies? What does the future hold in store for the ATM network?

The IDC white paper can be downloaded at:
http://info.wincormarketing.co.uk/IDC-Innovative-Fleet-Management-Whitepaper_LP_Innovative-Fleet-Management.html

CBRE named Commercial Agency of the Year at the 2014 Real Estate Institute of New South Wales Awards for Excellence

Sydney, 2014-10-9— /EPR Retail News/ — CBRE has been named Commercial Agency of the Year at the 2014 Real Estate Institute of New South Wales Awards for Excellence.

CBRE’s Shaun Kenney was also named Commercial Property Manager of the Year at the prestigious awards, which recognise outstanding achievements and innovation in all fields of real estate practice.

CBRE has secured the Commercial Agency and Commercial Property Manager titles for four consecutive years.

CBRE NSW Managing Director James Patterson attributed the firm’s long running success to the outstanding efforts of all staff across the NSW business.

“These awards recognise our commitment to delivering outstanding service and results for our clients,” Mr Patterson.

“I’d like to particularly congratulate our Commercial Property Manager winner Shaun Kenney, who has made outstanding contributions to the business in his role as assistant portfolio director on the Stockland office and industrial account.”

Other CBRE finalists on the night were Nick Heaton in the Commercial Salesperson category and Olivia Skinner in the keenly contested Rising Star category.

For Australian/international news or global stories, follow us on Twitter: @cbreAustralia

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.

For Further Information:

Kathryn House
Communications Director
T +61 2 9333 3585
email

CBRE: The U.S. commercial real estate market strengthened strongly across all property types in the third quarter of 2014

Office Market Posts Strongest Vacancy Decline in Eight Years

​Los Angeles, 2014-10-9— /EPR Retail News/ — The U.S. commercial real estate market strengthened strongly across all property types in the third quarter of 2014 (Q3 2014), with the office sector delivering its best performance in eight years, according to the latest analysis from CBRE Group, Inc.

  • The office vacancy rate declined by 40 basis points (bps) from the previous quarter to reach 14.1% in Q3 2014 – the sharpest drop since Q2 2006.
  • In Q3 2014, national industrial availability1 declined 20 bps from the previous quarter to 10.6%.
  • Retail availability fell to 11.5%, a 20 bps decrease for the quarter.

“The real estate recovery clearly gained in strength in the third quarter as all property types saw notably improved demand trends,” said Jon Southard, Managing Director of CBRE’s Econometric Advisors group. “Especially important, office tenants showed greater confidence in expanding their footprint and finally appear to be shaking off the lingering effects of the recession.”

Office Market
With a 40 bps decrease for Q3 2014, the office market has now seen nine consecutive quarters of lower or flat vacancy. After underperforming the suburbs for most of the recovery, downtown submarkets outperformed the suburbs this quarter, declining by 50 bps to 11.3% while the suburban vacancy rate fell by 20 bps to 15.7%.

The recovery continues to broaden across markets – with lower vacancy evident in 44 of 63 markets nationally – as those with significant high-tech exposure continuing to be among the best performers. Seattle and San Francisco posted vacancy declines of 70 bps each while the vacancy rate in San Jose fell by more than 120 bps. The rapid recovery continued in markets across California, Nevada, Florida and Arizona (CANVFLAZ), whose economies were most severely affected by the housing crisis but are now recovering strongly. These include Miami

(-60 bps), West Palm Beach (-100 bps), San Diego (-100 bps) and the best performing market in Q3 – Tampa, where the vacancy rate fell by 160 bps.

“2014 is on track to be the best-performing year for the U.S. office market since the end of the recession. While a low-supply environment has aided the office recovery in the last four years, growing payrolls at office-using firms is now catalyzing strong absorption in some markets,“ said Mr. Southard. “We believe the national office market to be in a ‘sweet spot’ with declining vacancies as construction remains relatively low and payrolls at office-using firms continuing to grow and reach new peaks.”

Industrial Market
With the availability rate decline to 10.6% in Q3 2014, the industrial market’s recovery has now stretched to 17 consecutive quarters, and the current availability rate is 390 bps below the 2009 peak level.  A majority of markets improved during Q3 2014, with 43 reporting declines in availability while eight remained unchanged, and 10 showed increases.

Lower availability was widespread but decreases were more moderate than in recent quarters. Two markets, Raleigh and Tucson, saw vacancy fall by more than 100 bps. A handful of generally smaller markets also saw significant declines, including Trenton, Stamford, and Wilmington, DE. Detroit was a strong performer, as well, and availability in that market has fallen below pre-recession levels. Of the top ten largest industrial markets, all but one, Minneapolis (+80 bps), were flat or lower during Q3. Chicago (-40 bps), Los Angeles (-10 bps), Atlanta (-40 bps), and Houston (-60 bps) round out declines in the top five largest metros.

“The nation’s industrial sector continues to impress as the economic expansion has been especially robust in the sectors that affect demand for industrial space,“ noted Mr. Southard. “We foresee ongoing strength in the industrial market as conditions remain encouraging for further growth.”

Retail Market
After a slow start following the recession, the retail market recovery continues to gain momentum. Q3 2014’s retail availability rate of 11.5% was down 70 bps compared to the rate one year ago and now stands 170 bps below the post-recession peak of 13.2%. Lower availability should spur rent growth in coming quarters.

The majority of markets recorded declining availability rates in Q3 2014compared with the previous quarter; 21 markets recorded flat or increasing rates.  Salt Lake City, Seattle, Jacksonville and San Diego posted declines of 60 bps or more, while Cleveland, Minneapolis and Indianapolis saw slightly higher availability, albeit at levels below where they were a year ago.

CBRE will release Q3 2014 data for the U.S. apartment market later in October.

1 Availability is space that is actively being marketed and available for tenant build-out within 12 months.

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.

For Further Information:

Robert Mcgrath
Director, Sr
T +1 212 9848267
email

Starbucks donates $2 million to Oprah Winfrey Leadership Academy Foundation benefitting educational opportunities for youth from Teavana® Oprah Chai Tea sales

SEATTLE, 2014-10-9— /EPR Retail News/ — Since the April launch of Teavana® Oprah Chai Tea, Starbucks has donated nearly $2 million to the Oprah Winfrey Leadership Academy Foundation benefitting educational opportunities for youth in communities across the U.S., Canada and South Africa. Every person who purchases Teavana® Oprah Chai Tea is making a difference through the Oprah Winfrey Leadership Academy Foundation, which in turn provides further funding to Girls Inc., National CARES Mentoring Movement, Pathways to College and U.S. Dream Academy.

As part of its commitment to provide lifelong opportunities for young people, Starbucks will continue to make a donation to the Oprah Winfrey Leadership Academy Foundation for each Teavana® Oprah Chai Tea product sold in Starbucks® and Teavana® stores in the U.S. and Canada. These contributions  support powerful mentorship, educational and engagement programs for youth through several nonprofit organizations.

Finding her Talent for Science – Girls Inc.

Andrea’s family struggled financially and at one point moved in with family members. One of the organizations receiving support from the Oprah Leadership Academy Foundation, Girls Inc.,  gave Andrea and her sisters opportunities to participate in a range of activities in science, sports, theater and college preparation classes.

When Andrea was five years old, she started attending Girls Inc. in Carpinteria, California after school where she found her passion for science through an animal care program. A year later she started conducting science experiments at Girls Inc., which she credits for providing her the academic foundation needed to excel in the advanced science and math classes in high school.

“Girls Inc. helped me in so many ways,” Andrea said. “I developed self-confidence and Girls Inc. provided me a safe, positive environment so I could focus on school instead of everything going on at home.”

Now 19 years old, she is attending Harvard University, studying to become a pediatric doctor.

Mentoring – when done well – can play a pivotal role in helping young people succeed in life. Research shows that mentoring relationships help reduce the incidence of delinquency, substance abuse and academic failure. According to a recent study, The Mentoring Effective: Young People’s Perspectives on the Outcomes and Availability of Mentoring, there are 9 million at-risk young people who will reach adulthood without connecting with a mentor.

Learning to “dream big” – U.S. Dream Academy

Stephon Littles and his niece Dahmierah Baker were in elementary school when their fathers were incarcerated in unrelated incidents. Both children felt alone and were unsure of their futures. They didn’t have supportive adults around to help guide them during a painful time in their young lives. Then they found U.S. Dream Academy, one of the beneficiary nonprofit organizations.

“My mother was a single parent while my father was incarcerated. Coming to the Dream Academy helped me cope with my secret pain. I was also challenged academically and learned how to dream big from my mentors,” said Stephon.

“Times were not easy when my dad was incarcerated,” said Dahmierah, now 19. “The U.S. Dream Academy taught me how to cope with my emotions. It made me realize that I am loved no matter what and that there are people who care and who will always there to help me,” she said.

Dahmierah is a sophomore in a Philadelphia community college pursuing a degree in nursing.

According to the U.S. Dream Academy, there are approximately 10 million children in the United States who have been impacted by incarceration of a family member.  Without intervention, some studies suggest that these children are six times more likely than their peers to be incarcerated. However, having a supportive adult outside of the family can have a mitigating effect.

Everyone Can Make a Difference in A Young Person’s Life

Oprah Winfrey Leadership Academy Foundation, Girls Inc., U.S. Dream Academy, National CARES Mentoring Movement and Pathways to College depend on fundraising efforts and alliances such as the collaboration between Starbucks and Oprah Winfrey.

Starbucks is making a donation from each purchase of Teavana® Oprah Chai Tea products. Here are a few examples on how Starbucks support helps:

$5 will provide supplies for one mentoring session with the National CARES Mentoring Movement.

$100 will provide healthy snacks for 200 children for a day of programs and mentoring at U.S. Dream Academy, or 15 hours of academic, recreation and support after school.

$50 provides supplies for one group-mentoring session for middle school students in Science, Technology, Engineering and Math (STEM).

“It’s amazing to see how our customers and our partners have embraced the Teavana® Oprah Chai Tea and the opportunity to give back to the community in an impactful way,” said Annie Young-Scrivner, president, Teavana®. “The fact that we’ve been able to donate nearly $2 million to the Oprah Winfrey Leadership Foundation in just six months is remarkable, and we will continue to drive donations through the sale of Teavana® Oprah Chai Tea. Each and every one of us can make a difference and this alliance makes it easy to enjoy a delicious Teavana® Oprah Chai Tea and feel good about supporting youth through these incredible nonprofit organizations.”

Customers may enjoy Teavana® Oprah Chai Tea in a variety of ways. Each purchase supports the Oprah Winfrey Leadership Academy Foundation to help benefit youth education. For each purchase, Starbucks will donate the following:

Handcrafted Teavana® Oprah Chai Tea Latte: $0.25 from every beverage sold at participating Starbucks® stores in the U.S. and Canada and Teavana® Tea Bars in the U.S.

Brewed Teavana® Oprah Chai Tea: $0.25 from every hot or iced brewed tea sold at participating Teavana® stores in the U.S. and Canada.

Teavana® Oprah Chai Loose-Leaf Tea:  $1 for each 2 oz. package of loose-leaf tea sold at Starbucks retail and Teavana® stores in the U.S. and Canada.

Teavana®  Oprah Chai Tea Gift Set and Tins:

Starbucks will make a $1 donation for each small gift set purchased. The small gift set includes 2 oz. tea plus a double wall glass tumbler and stainless steel filter and is available at participating Starbucks® stores in the U.S.

$4 for each large gift set which includes 8 oz. tea with two cups and a tea pot and is available at participating Teavana® stores in the U.S. and Canada.

$1 for each Teavana® Oprah Chai storage tin sold at participating Teavana® stores in the U.S. and Canada.

For more information on this news release, contact us.

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Starbucks donates $2 million to Oprah Winfrey Leadership Academy Foundation benefitting educational opportunities for youth from Teavana® Oprah Chai Tea sales

Starbucks donates $2 million to Oprah Winfrey Leadership Academy Foundation benefitting educational opportunities for youth from Teavana® Oprah Chai Tea sales

Carrefour ranked at the top in the French magazine Enjeux les Echos’s list of companies in the CAC 40 committed to CSR strategy

PARIS, 2014-10-9— /EPR Retail News/ — This week, French magazine Enjeux les Echos published a list of companies in the CAC 40 which were found to be the most committed to a CSR strategy. Carrefour was in joint first position, alongside Airbus, Schneider Electric and Lafarge.

The survey conducted by Enjeux les Echos set out to gauge just how committed companies in the CAC 40 are to CSR. The magazine joined forces with the CSR Institute and a whole panel of experts to put together a questionnaire and a survey structured around eight key areas: Transparency, Governance, Economic Model, Supply Chain, Products and Client Relations, Ethics and Respect for Human Rights, Environment and Social Relations.

The assessment ranked Carrefour in joint first position. Carrefour’s work on tackling food wastage in particular was recognised. Its “antigaspi” (anti-food wastage) plan is seen as one of the key components of the Group’s Sustainable Development policy. Several initiatives were recognised, such as the changes that have so far been made to the use-by dates on more than 300 products. Carrefour has already removed the optimum use-by dates on products such as salt, sugar, etc. Also worth mentioning is that when unsold products are three days away from their use-by dates, Carrefour gives them to charities. This resulted in the equivalent of 68 million meals being given away last year.

In addition to tackling food wastage, Carrefour is also using methanisation as means of making use of unavoidable organic waste. Through this process, methane can be produced from store waste and then reused to power delivery lorries – an initiative that looks very promising following the successful tests on three vehicles. And another of the Carrefour Group’s priorities is to reduce the amount of packaging it uses, getting its suppliers involved in its anti-waste strategy.

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Carrefour ranked at the top in the French magazine Enjeux les Echos's list of companies in the CAC 40 committed to CSR strategy

Carrefour ranked at the top in the French magazine Enjeux les Echos’s list of companies in the CAC 40 committed to CSR strategy

J. C. Penney Company, Inc. elects B. Craig Owens to its Board of Directors

Accomplished consumer industries executive brings deep financial and operational experience to Board

PLANO, Texas, 2014-10-9— /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE:JCP) today announced that B. Craig Owens, a highly accomplished and respected executive in the consumer food and beverage industry, has been elected to its Board of Directors. Mr. Owens recently retired from his post as chief financial officer and chief administrative officer of Campbell Soup Company, where he led its finance, supply chain and information technology organizations.

“During his 33 year career in the consumer products industry, Craig has distinguished himself as a trusted leader and strategic advisor. He brings significant financial expertise and a deep understanding of operations and strategic planning to our Board,” said Thomas Engibous, JCPenney’s chairman. “We are delighted to welcome him and look forward to his contributions.”

Mr. Owens added, “I am honored to join the JCPenney Board of Directors. The Company’s brand, unique mix of goods and services, and exceptional customer service set it apart from its department store peers. It is an exemplary corporate citizen, with a strong commitment to its customers, associates, stockholders and the communities in which it operates. I am enthusiastic to be involved in the next phase of JCPenney’s growth and success.”

Prior to joining Campbell Soup Company, Mr. Owens, 60, was executive vice president and CFO of the Delhaize Group, a food retailer headquartered in Belgium with operations in the U.S., Europe and Asia and $28 billion in annual revenues. Earlier in his career, he held leadership and senior financial positions with The Coca-Cola Company and Coca-Cola bottlers.

Mr. Owens has a B.A. degree in politics from Washington and Lee University and an M.B.A. from The Wharton School of Business of the University of Pennsylvania. He also earned an M.A. degree from the Fletcher School of Law and Diplomacy at Tufts University.

For the latest JCPenney updates, please visit www.jcpnewsroom.com or follow the Company on Twitter @jcpnews.

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

Investor Relations:
(972) 431-5500 or jcpinvestorrelations@jcpenney.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 1,060 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.

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J. C. Penney Company, Inc. presented plans for restoring sustainable profitable growth over the next three years at its 2014 analyst meeting in New York

  • Company outlines opportunities to achieve $1.2 Billion in EBITDA by 2017
  • Key initiatives include revitalizing center core, driving increased home store productivity and maximizing omnichannel capabilities
  • Plans include opening additional Sephora inside JCPenney locations and more than 100 new Disney shops

PLANO, Texas, 2014-10-9— /EPR Retail News/ — At its 2014 analyst meeting in New York City today, J. C. Penney Company, Inc. (NYSE: JCP) presented its plans for restoring sustainable profitable growth at the Company over the next three years.

“JCPenney is in a far stronger position today than it was when we began our turnaround effort 18 months ago. While we recognize that there’s more work to be done in a highly competitive retail environment, I couldn’t be more encouraged by the significant progress our teams have made in such a short amount of time,” said Myron E. (Mike) Ullman, III, chief executive officer. “I am confident that the initiatives we are putting in place will fuel new growth and earn greater customer loyalty as we pursue our vision to become the preferred shopping choice for Middle America.”

Compelling Customer Proposition
Senior leadership attributed the company’s progress and enhanced outlook to a renewed focus on the compelling customer proposition that differentiates JCPenney in the marketplace. The Company has rebuilt and reestablished the right merchandise assortment, including:

• Powerful private brands;

• Sought-after national brands; and

• Exclusive attractions that its customers value and can only be found at JCPenney.

JCPenney is also demonstrating digital leadership by advancing the mobile commerce functionality of jcpenney.com, providing customers enhanced options to shop, ship or pick up their JCPenney merchandise. This includes putting in place an enterprise-wide inventory network that will enable several customer-centric capabilities, such as same day pick-up and same day delivery, creating a seamless customer experience. Finally, Company leadership outlined how associate engagement – integral to building customer loyalty – has significantly improved across the Company enabling teams to achieve customer service scores that are at an all-time high.

Incremental Growth Opportunities
During the analyst meeting, the Company’s senior leaders identified three areas of the business that are expected to generate incremental sales growth between 2015 and 2017. These initiatives include:

• Revitalizing the highest traffic area in the store – center core – as a leading destination for beauty, jewelry and fashion accessories;

• Improving the productivity of the Home Store with value-driven products and a tailored promotional strategy; and

• Maximizing the power, reach and integration of the Company’s omnichannel capabilities.

Store Attractions Update
The Company is focused on attracting a new and younger customer by investing in popular in-store attractions that can only be found at JCPenney. To that end, the Company announced the expansion of its highly successful partnership with Sephora, as the companies have agreed to open additional Sephora inside JCPenney locations through 2017, entering new and smaller markets as the first major beauty destination in town.

JCPenney is leveraging its position as the only U.S. department store retailer carrying an exclusive assortment of Disney merchandise by opening more than 100 additional Disney-branded Shops inside JCPenney by back-to-school 2015. The Company has also entered into an agreement with Hallmark to test a Hallmark shop concept carrying greeting cards, gifts, ornaments, holiday décor and more in 15 JCPenney stores this fall, including a newly opened Hallmark shop within the Home department at its Frisco, Texas location.

Financial Goals for 2015-2017
The Company also provided financial performance goals that include achieving $1.2 billion in EBITDA in 2017. This reflects expectations for top line improvements associated with incremental growth potential, as well as continued market share gains in its underlying business, which represents a $3.5 billion sales opportunity. Of that amount, the Company conservatively expects to realize approximately $2 billion in incremental sales over the next three years, resulting in mid-single digit sales growth during that period.

Revised Third Quarter 2014 Guidance
The Company revised its third quarter sales guidance to reflect softer selling than expected during the month of September due to lower levels of clearance compared to last year and the continued difficult retail environment. The Company now expects comparable store sales for the third quarter of 2014 to be in the low-single digit range, compared to its original guidance of mid-single digit growth. The Company reaffirms all other guidance for the third quarter and full fiscal year 2014, which includes delivering mid-single digit comparable store sales growth and positive free cash flow for the year.

“JCPenney is gaining back market share, increasing sales and improving gross margins, while continuing to tightly manage expenses,” said Edward Record, chief financial officer. “By successfully focusing on our core business strengths, we delivered three consecutive quarters of positive sales and developed a strong foundation for growth. We are excited about the initiatives we laid out today and remain focused on restoring profitability and delivering long-term value to our shareholders.”

An audio replay of the 2014 Analyst Meeting can be accessed at ir.jcpenney.com. The audio file will be archived for 90 days.

For further information, contact:

Media Relations
jcpnews@jcp.com; 972.431.3400

Investor Relations
jcpinvestorrelations@jcpenney.com; 972.431.5500

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 1,060 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.

Forward-Looking Statements
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expect” and similar expressions identify forward-looking statements, which include, but are not limited to, statements regarding sales trends, gross margin, liquidity and cost savings. Forward-looking statements are based only on the Company’s current assumptions and views of future events and financial performance. They are subject to known and unknown risks and uncertainties, many of which are outside of the Company’s control that may cause the Company’s actual results to be materially different from planned or expected results. Those risks and uncertainties include, but are not limited to, general economic conditions, including inflation, recession, unemployment levels, consumer confidence and spending patterns, credit availability and debt levels, changes in store traffic trends, the cost of goods, more stringent or costly payment terms and/or the decision by a significant number of vendors not to sell us merchandise on a timely basis or at all, trade restrictions, the ability to monetize non-core assets on acceptable terms, the ability to implement our turnaround strategy, customer acceptance of our new strategies, our ability to attract, motivate and retain key executives and other associates, the impact of cost reduction initiatives, our ability to generate or maintain liquidity, implementation of new systems and platforms, changes in tariff, freight and shipping rates, changes in the cost of fuel and other energy and transportation costs, increases in wage and benefit costs, competition and retail industry consolidations, interest rate fluctuations, dollar and other currency valuations, the impact of weather conditions, risks associated with war, an act of terrorism or pandemic, the ability of the federal government to fund and conduct its operations, a systems failure and/or security breach that results in the theft, transfer or unauthorized disclosure of customer, employee or Company information, legal and regulatory proceedings and the Company’s ability to access the debt or equity markets on favorable terms or at all. There can be no assurances that the Company will achieve expected results, and actual results may be materially less than expectations. Please refer to the Company’s most recent Form 10-K and subsequent filings for a further discussion of risks and uncertainties. Investors should take such risks into account and should not rely on forward-looking statements when making investment decisions. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We do not undertake to update these forward-looking statements as of any future date.

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ShopRite and Kimberly-Clark to bring trees to Newark with donation of $50,000 to the Greater Newark Conservancy’s summer Urban Tree Tenders intern program

Keasbey, NJ, 2014-10-9— /EPR Retail News/ — ShopRite and Kimberly-Clark have partnered to bring trees to the city of Newark with a donation of $50,000 to the Greater Newark Conservancy’s summer Urban Tree Tenders intern program. The Urban Tree Tenders program provides supervised training for Newark youth in landscaping and horticulture to increase employability and earning potential. The donation helped to employ eight summer interns as well as the purchase of specialized tree mapping equipment and more than 100 trees to be planted throughout the city.

A tree planting and check presentation to commemorate this partnership took place on Tuesday, October 7, 2014 at 2:00 PM at 32 Prince Street in Newark.  In attendance were Donald Payne, Jr.; Stephanie Greenwood of the Newark Office of Sustainability; Neil Greenstein, owner and operator of the future ShopRite of Newark; representatives from Kimberly-Clark and Greater Newark Conservancy Executive Director Robin Dougherty.

The tree planting ceremony will took place on Prince Street, a symbolic location directly in between the Greater Newark Conservancy’s main headquarters and the future ShopRite of Newark. Scheduled to open in April 2015, the store will be family-owned and operated by the Greenstein family, which also owns and operates the nearby ShopRite of Brookdale in Bloomfield.

“My family and I are so pleased to be bringing a new ShopRite store to Newark and have been overwhelmed with the warm welcome and support we have received from the community. Partnering with the Greater Newark Conservancy and supporting this internship program is a wonderful way to give back to our new neighbors,” said Neil Greenstein, owner and operator of the future ShopRite of Newark, scheduled to open in April 2015. “We are personally invested in  this neighborhood and the opportunity to serve the Newark community and its youth is a natural extension of our family’s 65 year history of service to the people of New Jersey.”

“Kimberly-Clark is proud to provide this $50,000 donation to demonstrate our ongoing commitment to support sustainability efforts and programs, such as this partnership between ShopRite and the Greater Newark Conservancy,” said Peggy Ward, Sustainability Strategy Leader, Kimberly-Clark. “As a company, we source 100 percent of the fiber used in our products from certified suppliers, including Scott® Brand, Viva® Brand, Cottonelle® and Kleenex® Brand, and we are focused on sustainability as a part of our policies and goals.”

“Involving students and Newark residents in the tree planting process furthers the Conservancy’s goals of green job training and education about the importance of trees in reducing storm water runoff which pollutes our urban waters,” said Robin Dougherty, Executive Director of Greater Newark Conservancy. “Greater Newark Conservancy is proud to partner with Kimberly-Clark and ShopRite to further the goals of Newark’s Sustainability Action Plan by bringing trees to Newark’s Central Ward.”

As part of both companies’ commitment to the environment, ShopRite and Kimberly-Clark have also teamed up to bring more FSC-certified paper products to ShopRite stores, providing customers with more opportunities to practice a sustainable lifestyle. Supporting the city of Newark’s efforts to preserve and care for its more than 100  trees through this internship program is a natural extension of this endeavor to protect local forestry and natural resources for future generations to enjoy.

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About ShopRite
ShopRite is the registered trademark of Wakefern Food Corp., a retailer-owned cooperative based in Keasbey, NJ,  and the largest supermarket cooperative in the United States.  With more than 250 ShopRite supermarkets located throughout New Jersey, New York, Pennsylvania, Connecticut, Delaware and Maryland, ShopRite serves more than six million customers each week.  A long-time supporter of key community efforts, ShopRite is dedicated to fighting hunger in the communities it serves.  Through its ShopRite Partners In Caring program, ShopRite has donated $35 million to 1,700 worthy charities and food banks since the program began in 1999.  As a title sponsor of the LPGA’s ShopRite Classic, ShopRite has raised more than $27 million for local organizations, hospitals and community groups.  Progressive Grocer named ShopRite its 2011 Retailer of the Year and Supermarket News awarded ShopRite its 2011 Retail Excellence Award.  For more information, please visit www.ShopRite.com.

 

ShopRite and Kimberly-Clark to bring trees to Newark with donation of $50,000 to the Greater Newark Conservancy’s summer Urban Tree Tenders intern program

ShopRite and Kimberly-Clark to bring trees to Newark with donation of $50,000 to the Greater Newark Conservancy’s summer Urban Tree Tenders intern program

The Co-operative Food pledges to reinvest profits from its entire carrier bag range to community projects across Scotland

MANCHESTER, UK, 2014-10-9— /EPR Retail News/ — Good causes will bag more than just the 5p carrier bag charge from The Co-operative Food in Scotland.

The community retailer today (Wednesday, 8 October) pledged to reinvest profits from its entire carrier bag range, and not just the 5p charge on single-use carrier bags, to good causes.

The Co-operative Food expects the move will raise as much as £750,000 in the next 12 months, and all the money will be reinvested in community projects across Scotland.

From Monday, 20 October, all retailers are required to charge customers 5p for single-use plastic bags.

But as well as the statutory charge, The Co-operative Food will add the money it makes on the sales of its new woven reusable large shopping bag, a new woven reusable small shopping bag (which doubles as a bottle bag) and new fold-away bags (all available for £1 each), as well as its redesigned 10p bag for life, and its compostable carriers (6p each and available from stores in locations where local councils have food waste collections requiring compostable bin liners).

John McNeill, Regional Stores Director for The Co-operative Food in Scotland, said: “We’re getting carried away with carrier bags, and it’ll mean bags more money for communities the length and breadth of Scotland. By going much further than we need to we’ll raise hundreds of thousands of pounds extra for good causes.

“It’s not just a commitment to local communities though, we also have a strong commitment to the environment and we share the aspiration of reducing the number of single use carrier bags that are distributed. By buying any of our range of carriers, customers will be contributing to the environment, as well as to good causes. Together we will reduce, reuse, recycle and reinvest in our communities.”

The Co-operative Food will confirm which good causes can bid for the funding, and how they can apply, early in 2015.

The new fold-away bags are made from 100% recycled materials are available in black or turquoise. The large and small woven bags, made from 80% recycled materials, are turquoise and decorated a with a “carrier bags are rubbish” design. The small woven bag can double as a bottle carrier. The bags can be recycled at Salvation Army textile recycling banks across Scotland*.

The 5p single-use carrier bag charge is introduced from Monday, 20 October, but The Co-operative Food’s new range of reusable carriers go into its Scottish stores from today (Wednesday, 8 October) meaning customers can begin raising money for good causes straight away.

Notes to Editors:

*Further information on The Co-operative Food’s carrier bag recycling policies can be found at www.co-operativefood.co.uk/carrier-bags (link will be live from Weds 8 October)

The Co-operative Group is the UK’s largest co-operative business, whose purpose is “Championing a better way of doing business for you and your communities.” Owned by over eight million members, The Co-operative Group operates a total of 4,500 outlets, with around 87,000 employees and has an annual turnover of £11 billion with interests across food, funerals, insurance and legal services.

For more information about The Co-operative Food go to www.co-operativefood.co.uk

For further information please contact:

Steve Broughton
PR Manager
The Co-operative Group
0161 767 4298
07834 090 014
steve.broughton@co-operative.coop

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The Co-operative Food pledges to reinvest profits from its entire carrier bag range to community projects across Scotland

The Co-operative Food pledges to reinvest profits from its entire carrier bag range to community projects across Scotland

Penzance firefighters attend the re-launch of The Co-operative Food in Newlyn’s new look

MANCHESTER, UK, 2014-10-9— /EPR Retail News/ — Firefighters from Penzance attended The Co-operative Food in Newlyn today (Wednesday, 8 October) after responding to a call to re-launch the new-look food store for the community.

Members of Orange Watch last attended the store in mid-July when a fire in the early hours of the morning caused extensive damage and forced the closure of the community’s Co-operative food store.

Following a near £300,000 investment, the store has been redefined with The Co-operative’s new format design which includes an extended in-store bakery range, and a focus on fresh, healthy foods and essentials. Ranges of meat, cheeses, ready meals and pizzas have been extended along with a greater selection of chilled wines and beers. The store now also offers a range of Free From foods, free from wheat, gluten or dairy and developed with the help of a special taste team panel made up of Co-operative employees who have coeliac disease.

The store will also pioneer a new role, known as a Community Pioneer, where two members of the food store team –Julie Jones and Christine Oates – will also work to foster strong involvement in community activities, from fundraising to helping to understand and develop solutions to meet community needs, and supporting The Co-operative’s Purpose which is “Championing a better way of doing business for you and your communities.”

As a thank you for helping to open the store, the Firefighters were given a luxury Co-operative food hamper, plus The Fire Fighters Charity – formerly The Fire Services National Benevolent Fund – will be the focus of its in-store fundraising in Newlyn throughout the month.

There are offers, promotions and giveaways in and around the store for the community.

Maggie Mortimer, Manager of The Co-operative food store in Newlyn, said:

“We are thrilled to have made such a significant investment in our Newlyn store and delighted that we have been able to re-open so quickly with a fantastic new food store with which to serve the community.

“We are also delighted that members of the Fire Service could join us to help to celebrate the store’s re-opening, and we are looking forward to helping to raise much needed money for The Fire Fighters Charity as a way of saying thank you.

“It is an exciting time for the whole team and we are really looking forward to welcoming customers old and new into their new store. With the combination of our new format store, innovations in our own-brand ‘Loved by us’ range, and The Co-operative’s commitment to lowering prices on hundreds of everyday essentials under its ‘Fair and square’ prices banner, I am confident, we will provide the community with everything needed to pick-up delicious food conveniently and create inspirational and tasty meals at home.”

The store will open between 7am – 11pm seven days a week.

 

Notes to Editors:

For more information about The Co-operative Food visit www.co-operativefood.co.uk

The Co-operative Group is the UK’s largest co-operative business, whose purpose is “Championing a better way of doing business for you and your communities.” Owned by over eight million members, The Co-operative Group operates a total of 4,500 outlets, with around 87,000 employees and has an annual turnover of £11 billion with interests across food, funerals, insurance and legal services.

 

For further information please contact:

Andrew Torr
The Co-operative Group Press Office
Tel: 07702 505551
Email: andrew.torr@co-operative.coop

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Penzance firefighters attend the re-launch of The Co-operative Food in Newlyn's new look

Penzance firefighters attend the re-launch of The Co-operative Food in Newlyn’s new look