The NRF Foundation to host its inaugural Gala on January 11, 2015 at Pier Sixty in New York City

NRF Foundation to Bring Together Industry Leaders, Tomorrow’s Retail Stars for Inaugural Gala at Retail’s BIG Show

WASHINGTON, 2014-10-10— /EPR Retail News/ — The NRF Foundation today announced it will host its inaugural Gala on January 11, 2015 at Pier Sixty in New York City in celebration of the imagination, inspiration and innovation at work in the retail industry. The Gala will bring together the next generation of retail talent, the industry’s most illustrious leaders, and honorees on The List of People Shaping Retail’s Future.

HSNi CEO and Chairman of the NRF Foundation Board of Directors Mindy Grossman, and Chairman and CEO of The Container Store Kip Tindell will co-host the event, which will raise funds for the NRF Foundation through sponsorships, individual donations and a spectacular auction. All Gala proceeds will benefit NRF Foundation initiatives, including funding for student scholarships and experiences, digital and video content to showcase retail career opportunities, initiatives for returning veterans, programs to help young professionals in retail advance, and certification and training programs for store associates.

“The work of the NRF Foundation to shape retail’s future is making a huge difference in helping our industry attract great talent,” said Grossman. “As an industry that supports millions of jobs and has such a tremendous impact on our nation’s economy, it’s important to continue to tell stories of people who work in retail and promote the rewarding career opportunities retail offers. We can’t wait for the industry to come together for this celebration!”

The host committee for the inaugural NRF Foundation Gala: Celebrating Imagination, Inspiration, Innovation will include:

  • Joanne Bradford, Head of Partnerships, Pinterest
  • Lauren Bush Lauren, Founder and CEO, FEED
  • Bert Jacobs, Co-Founder and Chief Executive Optimist, The Life is Good Company
  • Jarrod C. Moses, Founder, President, and CEO, United Entertainment Group
  • Lisa M. Price, Founder, Carol’s Daughter
  • Reshma Saujani, Founder, Girls Who Code
  • Jonathan D. Sokoloff, Managing Partner, Leonard Green & Partners, L.P.
  • Martha Stewart, Founder and Chief Creative Officer, Martha Stewart Living Omnimedia
  • Serena Williams, WTA #1 Ranked Tennis Player

“At the NRF Foundation Gala, we are excited to celebrate our industry with young adults who represent the future, leaders who have paved the way, and innovators and influencers who refused to take no for an answer throughout their career,” said Tindell. “I can’t think of a better opportunity to showcase the imagination, inspiration and innovation at work in retail.”

Learn more about how you can support the industry and the next generation of retail talent.

Note to media: If you are interested in receiving an invitation to the Gala to cover the event, please contact Kathy Grannis, grannisk@nrf.com.

The NRF Foundation shapes retail’s future by building awareness of the industry through statistics and stories; developing talent through education, experiences and scholarships; and fostering career growth among people who work in retail. The NRF Foundation is the 501(c)(3) nonprofit arm of the National Retail Federation and is funded in part by generous donations from retail industry supporters. www.nrffoundation.com.

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

BRC-NIELSEN SHOP PRICE INDEX SEPTEMBER 2014: Overall shop prices reported deflation for the 17th consecutive month, accelerating to 1.8% in September from 1.6% in August

LONDON, 2014-10-10— /EPR Retail News/ — Overall shop prices reported deflation for the seventeenth consecutive month, accelerating to 1.8% in September from 1.6% in August.

Food inflation remained at 0.3% in September – equalling the lowest ever recorded.

Fresh food inflation was flat for September; this is the first month since Feb 2010 that the category hasn’t experience inflation.

Non-food reported acceleration in deflation of 3.2% in September from 2.9% in August.

Helen Dickinson, British Retail Consortium Director General, said: “The seventeenth consecutive month of deflation is good news for hard-pressed households. Retailers are turning their attention to Christmas by reading current conditions and matching consumer sentiment well with their promotions and offers.

“In particular, food inflation remained at an all-time low. In September, over a third of all groceries going through the tills were on some sort of promotion or special offer, meaning savvy shoppers are picking the deals that work best for them – allowing them to effectively budget. Fresh food prices remained flat – something not seen since February 2010 – which will help those struggling in the current economic climate, including the country’s least affluent 30% who spend as much as 16% of their income on food and non-alcoholic goods. Non-food prices fell significantly, mainly fuelled by great bargains in furniture, flooring and electricals as increased activity in the housing market supported robust sales.

“Consumers can take heart that the outlook for inflation remains modest. Falling commodity prices, the strengthening of sterling, benign pressure in the supply chain and, critically, fierce competition across the retail industry suggests lower shop prices for consumers will continue.”

Mike Watkins, Head of Retailer and Business Insight, Nielsen, said: “There are historic low levels of price increases across the high street, and with more price cuts expected from Supermarkets over the next few weeks shoppers will continue get great savings. Whilst sales patterns are still difficult to predict not least following the unusually warm late summer, we can anticipate a continuation of the current low levels inflation and even deflation for the rest of the year. This will help shoppers to plan their spending in the run up to the start of Christmas trading.”

British Retail Consortium, 21 Dartmouth Street, Westminster, London, SW1H 9BP. 020 7854 8900. info@brc.org.uk.

NACS survey: 11% of adult Americans say that they have worked at convenience store or gas station

​ALEXANDRIA, VA, 2014-10-10— /EPR Retail News/ — One in nine American adults has worked in a convenience store and they say that the experience gave them valuable experience in how to work with people, how to manage processes and how to run a business, according to a national consumer survey released today by the National Association of Convenience Stores (NACS).

Overall, 11% of adult Americans say that they have worked at a convenience store or gas station and 3% of all Americans say that it was their first job, according to a national survey of adult Americans.

Those who have worked at convenience stores found the experience to be valuable: 87% say that they learned a lot about how to work with people, 85% say that the experience that they gained was valuable, 82% say that they learned a lot about the world of work and 80% say that they learned how businesses are run.

Those who said their first job was at a convenience store were even more positive about the experience: 96% say that the work experience was valuable and 95% say that they learned a lot about the world of work.

The business value of the experience was cited by those who held a convenience store job in college: 88% say that they learned a lot about how businesses are run and 89% say that the job offered a flexible work schedule that allowed them to schedule work around other things in life.

Adult Americans who had never worked in a convenience store were equally positive about the potential opportunities available to employees. Overall, 86% of Americans who have never worked in the industry say that convenience stores offer good first jobs for those looking to enter the industry; 86% also say that convenience stores are great summer jobs for high school and college students. Also, they see jobs as a potential path toward managing or owning a small business; more than two of three non-convenience store employees (68%) agree that it’s common for workers who work hard to become managers or eventually own their own businesses.

“Convenience stores conduct more than 160 million customer transactions a day and fuel 80% of the vehicles on the roads today. None of this would be possible without the 2.2 million employees that serve half of America on a daily basis. These jobs also provide opportunities — whether learning valuable business experience as you are earning an income, or to eventually grow your own small business,” said NACS President and CEO Henry Armour.

Penn, Schoen and Berland Associates LLC conducted the nationwide survey of 1,111 consumers.

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Founded in 1961 as the National Association of Convenience Stores, NACS (nacsonline.com) is the international association for convenience and fuel retailing. The U.S. convenience store industry, with more than 151,000 stores across the country, posted $696 billion in total sales in 2013, of which $491 billion were motor fuels sales. NACS has 2,100 retail and 1,600 supplier member companies, which do business in nearly 50 countries.

NACS releases “Ideas 2 Go” DVD

​LAS VEGAS, 2014-10-10— /EPR Retail News/ — The newly released NACS “Ideas 2 Go” DVD is now available for purchase.

The DVD features the 50-plus minute “Ideas 2 Go” presentation that was shown in today’s standing-room-only NACS Show general session. NACS member companies can purchase a copy of the 2014 NACS “Ideas 2 Go” DVD (SKU #30088021) for $30 ($60 regular price). Orders can be placed online at nacsonline.com/products or by calling NACS Customer Service at (800) 966-6227.

The fast-paced “Ideas 2 Go” program showcases emerging concepts that redefine convenience — as well as quick takeaways that retailers could easily implement at their own stores. Since 1994, “Ideas 2 Go” has provided a fast-paced video tour of some of the most interesting, creative and potentially profitable ideas in the convenience and fuel retailing industry.

The featured stores/companies are:
El Carajo
On the outside, Miami’s secret gem looks like a standard BP gas station connected to a convenience store. But step inside and you are transformed. In addition to a traditional convenience store, there are three very unique elements: the bakery café, the 2,500-plus bottle wine shop and the acclaimed international tapas restaurant. (Miami, FL)

Tri Star Services LLC (Twice Daily)
From the pumptoppers to the LED sign over the entrance to the store greeter, the concept of Twice Daily is about creating a culture that encourages customers to come to the store more than once a day — twice daily. (Nashville, TN, store)

Delek US Holdings Inc. (MAPCO Express)
As customers increasingly rely upon the phones for everything from social media to commerce, MAPCO’s offer is focused on creating a unique experience customized to the customer via their phones, whether at the store, at the pump or even at home. (Clarksville, TN, store)

California Marketplace
A hybrid grocery store/convenience store that is really two different experiences. If you are a gas customer, you enter via the convenience store. Otherwise, you experience the grocery store. Either way, you select how you want to shop that day. (California, KY)

Pet Stop (WagsPark Shell)
The old industry adage is to “get rid of your dogs.” But WagsPark Shell celebrates dogs — after all, it’s contained within a state-of-the-art private dog park. The store offers growlers and “bretzels” that can be enjoyed whether by customers on the go or those who are at the park. (Newtown, OH)

Sterling Fresh Foods LLC (Sterling Xpress)
Sterling Xpress is part of acclaimed actor Wendell Pierce’s goal to rebuild New Orleans and provide food options to underserved. Along the way, the company has also developed new ways to draw traffic and give back to the community. (New Orleans, LA)

Diaz Market
The company has refocused its offer for those with active lifestyles — from the better-for-you choices in the open-air cooler to developing a video series on Facebook featuring a local fitness trainer who advocates for healthy options. (Metairie, LA, store)

Brew Thru
Brew Thru has evolved considerably since it began selling snacks and drinks in the 1970s. Today, the company’s five stores sell convenience and an experience — it has a booming t-shirt business (approaching 5 million shirts sold) and is even sponsoring concerts. (Jockey’s Ridge, NC, store)

Sampson-Bladen Oil Co. (Han-Dee Hugo’s)/Cravings Steaks & Seafood
The store delivers convenience shopping plus gourmet dining — literally. In addition to a sit-down restaurant and an outdoor concert area, the store has the only drive-thru in town, where customers can quickly order gourmet food, including grab-and-go seafood pots. (Duck, NC, store)

RaceTrac Petroleum Inc.
The company has a strong commitment to “the RaceTrac way” — to make people’s lives simpler and more enjoyable. A big part of that commitment is achieved through RaceTrac 6000 — a new concept that with has refocused the company and what it delivers. (Smyrna, GA, store)

The NACS Show is ranked as one of the top 50 largest trade shows in the United States. More than 20,000 attendees from 60-plus countries are at the 2014 NACS Show in Las Vegas, which features three days of general sessions, 65 educational sessions and more than 1,100 exhibiting companies in a record-setting 403,000 net-square-foot expo. For the most up-to-date news and information on the event, go to www.nacsshow.com.

-###-Founded in 1961 as the National Association of Convenience Stores, NACS (nacsonline.com) is the international association for convenience and fuel retailing. The U.S. convenience store industry, with more than 151,000 stores across the country, posted $696 billion in total sales in 2013, of which $491 billion were motor fuels sales. NACS has 2,100 retail and 1,600 supplier member companies, which do business in nearly 50 countries.

NACS announces the election of five retail members to serve on its Board of Directors

LAS VEGAS, 2014-10-10— /EPR Retail News/ — The National Association of Convenience Stores (NACS) announced the election of five retail members to serve on its Board of Directors. The new members were named to their positions during the NACS Board of Directors meeting at the NACS Show in Las Vegas.

The NACS retail members elected to serve on the Board of Directors are:
•      Anthony Bartys, senior vice president and COO of CST Brands Inc. (San Antonio, Texas)
•      Anderson Jones, president and CEO of Sprint Food Stores Inc. (Augusta, Georgia)
•      Kyle McKeen, president and CEO of Alon Brands Inc. (Dallas, Texas)
•      Donald Rhoads, president and CEO of The Convenience Group LLC (Vancouver, Washington)
•      Stephen Christopher Spinks, CEO of The Spinx Company Inc. (Greenville, South Carolina)

A member-driven organization, NACS is led by a 30-member Board of Directors, which includes three retailers from non-North American countries. In addition, the chairman and chairman-elect of the NACS Supplier Board also serve on the Board of Directors.

Following are brief biographies of the new NACS Board members:

Anthony Bartys
Prior to taking on the COO role with CST Brands in 2013, Bartys served in various capacities with Valero, including vice president of operations and marketing for Valero Retails Holdings, and vice president of retail operations for Valero Energy. He holds a bachelor’s degree in accounting from the University of West Florida. He is married to Kim Bartys.

Anderson Jones
Jones has been president and CEO of Sprint Food Stores since 1996. Previously, he was vice president, then president and CEO of MB Jones Oil Company. He served three terms on the Georgia Oilmen’s Association Board of Directors and is a member of SIGMA. He is also active in the community, serving on the SunTrust Bank-Local Augusta Board of Directors and as chairman of the Board of Trustees for the Episcopal Day School of Augusta, as well as a board member of the First State Bank-Wrens, Georgia. He graduated from Georgia Southern University with a degree in finance. He and his wife Rosanne live in Augusta, Georgia, with their two children.

Kyle McKeen
McKeen has served as president and CEO of Alon Brands since the organization was formed by Alon USA in 2008. Before joining Alon Brands, McKeen was president and COO of Carter Energy, an independent fuel marketer based in Overland Park, Kansas. Prior to Carter Energy, McKeen served in several leadership roles at Alon USA, including vice president of marketing. He has a bachelor’s degree in marketing from the University of Wyoming and resides in Richardson, Texas, with his wife and two sons.

Donald Rhoads
Rhoads joined The Convenience Group in 2000. He began his convenience career in 1989 as president of Quick Shop Minit Mart, as 51-unit retail store chain in Vancouver, Washington. Rhoads currently serves as president of the Washington Association of Neighborhood Stores and is a member of the NACS Legislative and NACSPAC Committees. He majored in business and finance at Western Washington University and completed coursework at the National Development Institute and the NACS Financial Leadership Program at Wharton. Rhoads lives in Vancouver, Washington, with his wife Jennifer and their two children.

Stephen Spinks
Before being named CEO of the family-owned Spinx Company in 2013. Spinks served the company in numerous other capacities, including as president, CFO, controller, price analyst, construction manager and territory manager. In addition to his work with NACS, he is active with SIGMA, PMAA, the South Carolina Petroleum Marketers Association and the Young Presidents’ Organization, as well as serving on the Community Foundation Board. He has a bachelor’s degree in philosophy from Rhodes College in Memphis, Tennessee, and an MBA from Duke University. He lives in Greenville, South Carolina, with his wife Allison and their three children.

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Founded in 1961 as the National Association of Convenience Stores, NACS (nacsonline.com) is the international association for convenience and fuel retailing. The U.S. convenience store industry, with more than 151,000 stores across the country, posted $696 billion in total sales in 2013, of which $491 billion were motor fuels sales. NACS has 2,100 retail and 1,600 supplier member companies, which do business in nearly 50 countries.

Gap Inc. selects Art Peck, the president of its Growth, Innovation and Digital division to succeed Glenn Murphy as the company’s next CEO

Board names proven company veteran Peck to become CEO in early 2015 as Murphy transitions from the company; Bob Fisher to become Chairman of the Board

SAN FRANCISCO, 2014-10-10— /EPR Retail News/ — Gap Inc. today announced that Art Peck, the president of its Growth, Innovation and Digital division, has been selected by the Board of Directors to succeed Glenn Murphy as the company’s next chief executive officer, effective February 1, 2015. Murphy and Peck have worked side-by-side for the better part of a decade as Gap Inc.  dramatically improved its financial performance while expanding globally.

Following seven successful years in his role, Murphy made the personal decision to retire from the company at the end of the fiscal year, allowing for a smooth and seamless leadership transition. Since the end of 2007, Gap Inc. has delivered exceptional financial results, with an impressive six-year compounded annual growth rate (CAGR) on earnings per share of 17 percent and a total shareholder return of more than 160 percent. Under Murphy’s stewardship, the company acquired new brands and globalized its business by expanding store locations from about 10 to 50 countries, including China.

“Today, Gap Inc. is a formidable global fashion retailer with a strong foundation in place for long-term growth, therefore making this an appropriate inflection point for me to pass the baton to a leader who will take our portfolio of brands to even greater heights,” Murphy said. “With consumer expectations rapidly evolving, Art is the right leader at the right time to build on our success and ensure a compelling experience for our customers across both our physical and digital channels.”

Peck has delivered significant results for Gap Inc. in a variety of brand, strategy and operational roles since joining the company in 2005. He is currently responsible for creating the company’s omni-channel and digital strategies, and guiding the emerging Athleta, Intermix and Piperlime brands.

The company’s commitment to a robust succession process enabled the Board to evaluate, over time, many impressive internal and external candidates. The Board unanimously agreed that Peck is the ideal leader for the role.

“We are pleased to have an internal leader with Art’s proven track record and management capabilities to chart the path for the company to further compete, win and grow,” said Bobby Martin, lead independent director for Gap Inc.’s Board of Directors. “Art has created substantial value for the company over the past decade, and the Board is confident he will further increase long-term returns for our shareholders. The Murphy era at Gap Inc. will be long remembered for successful global expansion, strategic investments in key growth areas, and the consistent shareholder returns that our management team delivered.”

Among his various roles within the company, Peck led the North American division for Gap brand in 2011 and 2012, overseeing the product resurgence that successfully improved its business results. Previously, as head of the outlet business for Gap and Banana Republic, Peck grew earnings and sales for the divisions and opened outlet stores globally. In his first few years with the company, he led the development of the global strategy that continues to guide the company, and established and launched its first franchise markets.

“I’m honored to be given the opportunity to lead this company with such powerful brands and incredible talent – a combination that sets us apart globally,” Peck said. “Our success will be based upon presenting brand-right, emotional product to our customers, both in stores and online. Building upon the foundation Glenn has established, we will be focused on continuing to execute our strategy to drive long-term shareholder value.”

In his leadership roles, Peck is known for managing and developing people, including many of the creative, store and operational leaders across the company. Prior to joining Gap Inc., he spent more than 20 years at The Boston Consulting Group where he rose to senior partner, with a focus on consumer technology, media and entertainment, consumer products, and retail.

As part of the transition, Bob Fisher, who has a 35-year history with the company founded by his parents, will become non-executive Chairman of the Board, and Peck will join the Board, effective February 1, 2015.

“Art Peck is an inspiring leader who thinks big, brings out the best in people, and understands how retail is changing today,” commented Fisher. “We owe a debt of gratitude to Glenn for his leadership, vision and selfless devotion to the company, and he’s created the path forward for the smooth and seamless transition our shareholders and employees deserve.”

Conference Call

The company will host a conference call with investors and analysts to discuss today’s leadership announcement starting at 1:30 p.m. Pacific Time. Murphy, Peck, Fisher and Chief Financial Officer Sabrina Simmons will participate in the call, hosted by Katrina O’Connell, vice president of Investor Relations. The conference call can be accessed by calling 1-855-5000-GPS or 1-855-500-0477 (participant passcode: 2638501). International callers may dial 913-643-0954.

Forward-Looking Statements

This press release and related investor conference call contain forward-looking statements within the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements other than those that are purely historical are forward-looking statements. Words such as “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan,” “project,” and similar expressions also identify forward-looking statements. Forward-looking statements include statements regarding increasing long-term returns, driving long-term shareholder value, and the size of the China market for the company.

Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause the company’s actual results to differ materially from those in the forward-looking statements. These factors include, without limitation, the following:

  • the risk that changes in global economic conditions or consumer spending patterns could adversely impact the company’s results of operations;
  • the highly competitive nature of the company’s business in the United States and internationally;
  • the risk that the company will be unsuccessful in gauging apparel trends and changing consumer preferences;
  • the risk that if the company is unable to manage its inventory effectively, its gross margins will be adversely affected;
  • the risks to the company’s efforts to expand internationally;
  • the risks to the company’s reputation or operations associated with importing merchandise from foreign countries, including failure of the company’s vendors to adhere to its Code of Vendor Conduct;
  • the risk that comparable sales and margins will experience fluctuations;
  • the risk that our investments in omni-channel shopping initiatives may not deliver the results the company anticipate; and
  • the risk that changes in the regulatory or administrative landscape could adversely affect our financial condition, strategies, and results of operations.

Additional information regarding factors that could cause results to differ can be found in the company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2014, as well as the company’s subsequent filings with the Securities and Exchange Commission.

These forward-looking statements are based on information as of October 8, 2014. The company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands. Fiscal year 2013 net sales were $16.1 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, almost 400 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Gap Inc.’s September 2014 net sales up 1 percent compared with last year

SAN FRANCISCO, 2014-10-10— /EPR Retail News/ — Gap Inc. (NYSE: GPS) today reported that September 2014 net sales were up 1 percent compared with last year. Net sales for the five-week period ended October 4, 2014 were $1.48 billion compared with net sales of $1.46 billion for the five-week period ended October 5, 2013.

“September proved to be more challenging than we expected,” said Glenn Murphy, chairman and chief executive officer, Gap Inc. “While Old Navy and Banana Republic are performing well, we are working aggressively to ensure our entire portfolio of brands delivers to its potential.”

September Comparable Sales Results

Gap Inc.’s comparable sales for September 2014 were flat versus a 3 percent decrease last year. Comparable sales by global brand for September 2014 were as follows:

  • Gap Global: negative 3 percent versus negative 3 percent last year
  • Banana Republic Global: positive 2 percent versus negative 5 percent last year
  • Old Navy Global: positive 1 percent versus negative 2 percent last year

The company noted that it expects gross margins for the third quarter of fiscal year 2014 to be moderately below the prior year driven by underperformance at Gap brand. In addition, after having leveraged operating expenses by 1 percentage point in the first half of fiscal year 2014, the company continues to manage expenses tightly. However, as noted during the company’s second quarter 2014 earnings call, there are a number of factors that make year-over-year expense comparisons more difficult in the second half of fiscal year 2014. As a result, the company expects third quarter fiscal year 2014 operating expenses to be approximately 8 percent above the third quarter of fiscal year 2013.

Additional insight into Gap Inc.’s sales performance is available by calling 1-800-GAP-NEWS (1-800-427-6397). International callers may call 706-902-4949. The recording will be available at approximately 1:00 p.m. Pacific Time on October 8, 2014 and available for replay until 1:00 p.m. Pacific Time on October 15, 2014.

October Sales

The company will report October sales on November 6, 2014.

Forward-Looking Statements

This press release and related sales recording contain forward-looking statements within the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements other than those that are purely historical are forward-looking statements. Words such as “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan,” “project,” and similar expressions also identify forward-looking statements. Forward-looking statements include statements regarding:

  • gross margins for the third quarter of fiscal year 2014;
  • expenses for the third quarter and second half of fiscal year 2014; and
  • marketing expenses for the third quarter of fiscal year 2014.

Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause the company’s actual results to differ materially from those in the forward-looking statements. These factors include, without limitation, the following:

  • the risk that changes in global economic conditions or consumer spending patterns could adversely impact our results of operations;
  • the highly competitive nature of our business in the United States and internationally;
  • the risk that we or our franchisees will be unsuccessful in gauging apparel trends and changing consumer preferences;
  • the risk that if we are unable to manage our inventory effectively, our gross margins will be adversely affected;
  • the risks to our business, including our costs and supply chain, associated with global sourcing and manufacturing;
  • the risks to our reputation or operations associated with importing merchandise from foreign countries, including failure of our vendors to adhere to our Code of Vendor Conduct;
  • the risk that our franchisees’ operation of franchise stores is not directly within our control and could impair the value of our brands;
  • the risk that comparable sales and margins will experience fluctuations;
  • the risk that the failure to attract and retain key personnel could have an adverse impact on our results of operations;
  • the risk that we are subject to data or other security breaches that may result in increased costs, violations of law, significant legal and financial exposure, and a loss of confidence in our security measures, which could have an adverse effect on our results of operations and our reputation;
  • the risk that natural disasters, public health crises, political crises, or other catastrophic events could adversely affect our operations and financial results, or those of our franchisees or vendors; and
  • the risk that we will not be successful in defending various proceedings, lawsuits, disputes, claims, and audits.

Additional information regarding factors that could cause results to differ can be found in the company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2014, as well as the company’s subsequent filings with the Securities and Exchange Commission.

These forward-looking statements are based on information as of October 8, 2014. The company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands. Fiscal year 2013 net sales were $16.1 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, almost 400 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

NGA Spirit of America Award given to Greg Gregerson of Gregerson’s Foods and Pharmacy Inc at Alabama’s Food Industry Finest Luncheon

Arlington, VA, 2014-10-10— /EPR Retail News/ — The National Grocers Association (NGA) is pleased to announce that Greg Gregerson, president and CEO of Gregerson’s Foods and Pharmacy, Inc., has been presented with the NGA Spirit of America Award at the Alabama’s Food Industry Finest Luncheon, held Wednesday, October 8. The award is one of NGA’s top honors and recognizes individuals for their dedication and service to the independent supermarket industry.

“It’s an honor to recognize Greg, who has always been a strong advocate for Alabama grocers and the independent supermarket industry, with the Spirit of America Award,” said Greg Ferrara, Vice President of Public Affairs, NGA. “Greg has been a steadfast industry leader who truly understands the importance of educating lawmakers on industry issues, and a mentor to many within the independent supermarket industry. Our industry, as well as Gregerson’s Foods and Pharmacy, and the communities it serves, have greatly benefited from his commitment and service throughout his career.”

Mr. Gregerson has been in the grocery business in some capacity or another since 1969. In addition to running several successful businesses, Gregerson has served on several industry related boards, including serving as a Past Chairman and Chairman Elect of the Alabama Grocers Association, and a Past Chairman of the Alabama Retail Association. He has also previously served on the Board for NGA, the United Way, Riverview Hospital, Westbrook Christian School, Etowah County Hospice, and Compass Bank in Gadsden.

The NGA Spirit of America Award, established in 1982, honors key industry and community figures that have provided leadership in the areas of community services and government relations on behalf of a free and independent food distribution system. NGA has given this award to over 550 individuals, including Presidents George H. W. Bush and Gerald Ford, as well as other distinguished individuals serving in the grocery industry and the public interest.

If you need additional information, please contact Laura Strange at 703-516-8808.

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Greg Gregerson (center) is joined by his parents, Peter and Janet Gregerson, and his wife, Marcy as he accepts the NGA Spirit of America Award

Greg Gregerson (center) is joined by his parents, Peter and Janet Gregerson, and his wife, Marcy as he accepts the NGA Spirit of America Award

Commissary customers and employees donated nearly million pounds of food and other needed items to local food banks and charities during the annual Feds Feed Families campaign

FORT LEE, Va., 2014-10-10— /EPR Retail News/ — Commissary customers and employees donated nearly a million pounds of food and other needed items to local food banks and charitable organizations during the annual Feds Feed Families campaign, June 1-Sept. 12.

“Our customers and employees continue to support this program in an even bigger way every year,” said DeCA Director and CEO Joseph H. Jeu. “I’m so proud of their generosity and community spirit.”

Reflecting a 23 percent increase over last year’s donations, commissaries served as collection points on their installations for 960,950 pounds of goods. That amount reflects 30 percent of total Defense Department donations. DeCA locations have collected 30-40 percent of all DOD donations each year since 2011.

In 2013, nearly 740,000 pounds of grocery items were collected and donated through commissary collection points.

Commissaries traditionally develop donation packages, enabling busy customers to purchase a package and drop it in a donation bin as they leave the store.

Naval Station Mayport Commissary, Fla., led the way in donations for 2014, collecting more than 42,686 pounds. Barksdale Air Force Base Commissary, La., more than doubled last year’s 9,681 pounds in donations to nearly 22,000 pounds this year.

“Our patrons here are very supportive of this worthwhile cause,” said Barksdale Assistant Store Director Patricia Wilde.

NOTE: To see a photo and graphic related to Feds Feed Families, please visit our Flickr page.

About DeCA: The Defense Commissary Agency operates a worldwide chain of commissaries providing groceries to military personnel, retirees and their families in a safe and secure shopping environment. Authorized patrons purchase items at cost plus a 5-percent surcharge, which covers the costs of building new commissaries and modernizing existing ones. Shoppers save an average of more than 30 percent on their purchases compared to commercial prices – savings amounting to thousands of dollars annually. A core military family support element, and a valued part of military pay and benefits, commissaries contribute to family readiness, enhance the quality of life for America’s military and their families, and help recruit and retain the best and brightest men and women to serve their country.

Media Contact:
Kevin L. Robinson
(804) 734-8000, Ext. 4-8773
kevin.robinson@deca.mil

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Commissary customers and employees donated nearly million pounds of food and other needed items to local food banks and charities during the annual Feds Feed Families campaign

Commissary customers and employees donated nearly million pounds of food and other needed items to local food banks and charities during the annual Feds Feed Families campaign