IKEA advances on the construction of its St. Louis store due to open in 2015

ST. LOUIS, MO, 2014-10-27— /EPR Retail News/ — IKEA, the world’s leading home furnishings retailer, today announced that steel erection is underway as part of the construction of its future St. Louis store opening next fall, 2015. Erection of structural steel atop the existing precast concrete parking structure helps frame the shape of the building and supports the roofing and siding components to be installed later in the process.

The 380,000 square-foot future IKEA St. Louis store, is being built on 21 acres along Interstate-64 at Vandeventer Avenue, and 1,300 parking spaces, will open Fall 2015 in the City’s Cortex Innovation District. Until then, customers can shop at the closest IKEA stores: Chicago-area IKEA Bolingbrook and IKEA Schaumburg; the Kansas City-area store in Merriam, KS; or online at IKEA-USA.com.

“It is exciting to see the steel frame of an IKEA store take shape. So we are very pleased that the construction progress keeps us on track to open our St. Louis store next fall,” said Rob Olson, IKEA U.S. CFO. “We know that IKEA St. Louis will meet the home furnishings needs of customers from eastern Missouri and beyond who have not had an IKEA store close enough to allow for frequent visits. We are glad construction is going smoothly on our plans to bring IKEA to more of the Midwest.”

IKEA St. Louis will feature nearly 10,000 exclusively designed items, 50 inspirational room-settings, three model home interiors, a supervised children’s play area, and a 450-seat restaurant serving Swedish specialties such as meatballs with lingonberries and salmon plates, as well as American dishes. Other family-friendly features include a ‘Children’s IKEA’ area in the Showroom, baby care rooms, play areas throughout the store and preferred parking. In addition to 500 jobs expected during construction, 300 coworkers will join the IKEA family when the store opens. IKEA St. Louis also will provide annual sales and property tax revenue for local governments and schools. St. Louis’ S. M. Wilson & Co. is building the store, whose plans reflect the same unique architectural design for which IKEA is known worldwide.

In the spring, opportunities will be available for candidates interested in working at this employer of choice in home furnishings sales, interior decoration, customer service, safety and security, cashiers, maintenance, goods flow, receiving, warehouse and stock replenishment. Also, setting itself apart, IKEA St. Louis will offer nearly 70 food service opportunities in its Restaurant, Swedish Food Market, Café Bistro and coworker cafeteria. Interested candidates should be monitoring IKEA-USA.com, and also can contact the St. Louis Agency on Training and Employment (SLATE) to be informed of opportunities as they develop.

Since its 1943 founding in Sweden, IKEA has offered home furnishings of good design and function, at low prices so the majority of people can afford them. There are currently more than 360 IKEA stores in 46 countries, including 40 in the U.S. IKEA has been ranked in FORTUNE’s annual “100 Best Companies to Work For” list, Working Mother magazine’s annual list of “100 Best Companies for Working Mothers” and Training magazine’s annual “Top 100.” IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information see IKEA-USA.com, @IKEAUSANews, @IKEAUSA or IKEAUSA on Facebook, Youtube, Instagram and Pinterest.

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IKEA advances on the construction of its St. Louis store due to open in 2015

IKEA advances on the construction of its St. Louis store due to open in 2015

AHOLD REPURCHASED 373,464 AHOLD COMMON SHARES FOR € 4.60 MILLION BETWEEN OCTOBER 20 AND OCTOBER 24, 2014

Zaandam, the Netherlands, 2014-10-27— /EPR Retail News/ — Ahold has repurchased 373,464 Ahold common shares in the period from October 20, 2014 up to and including October 24, 2014.

The shares were repurchased at an average price of € 12.3224 per share for a total consideration of € 4.60 million. These repurchases were made as part of the € 500 million share buyback program announced on February 28, 2013 as increased by € 1.5 billion to a total amount of € 2 billion announced on June 4, 2013.

The total number of shares repurchased under this program to date is 143,858,904 common shares for a total consideration of € 1,865.07 million.

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

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BRC-GOOGLE ONLINE RETAIL MONITOR Q3 2014: Total search volumes for home and garden grew by 15% in the third quarter of 2014 vs same quarter last year

LONDON, 2014-10-27— /EPR Retail News/ — Total search volumes for home and garden grew by 15% in the third quarter of 2014 compared with the same quarter a year earlier.

Search volumes on smartphones outpaced search volumes on tablets, with growth of 41% compared with growth on tablets of 22%.

BRC Director General, Helen Dickinson, said: “This month’s monitor confirms yet again that technology is playing an increasingly significant part in all aspects of consumers’ lives. Possibly one of the biggest decisions a consumer will make, taking out a mortgage, is now heavily influenced by online research with our data showing that online mortgage searches correlate strongly with mortgage approvals.

“Given this trend, it’s not surprising that we’re seeing people take to the internet to decorate and furnish their homes as well as finding the funds to purchase them. Search volumes in the home and garden category have risen 15% compared with the same period last year. This is likely due to an increasingly healthy housing market as sales in these categories tend to be directly impacted by house sales.

“It’s also interesting to note which devices customers are using to view which categories of product. Smaller items feature more significantly in the smartphone category while ‘beds’ top the list of searches across all devices. However, the further down rankings you go, the greater the mix of products. This suggests that consumers are becoming more and more comfortable searching for a wider variety of products on-the-go than has previously been the case.”

Peter Fitzgerald, Retail Director, Google, said: “Home and Garden continues to be one of the fastest growing online retail sectors with 15% YoY growth in the third quarter. A warm July led to slower YoY growth but that changed in August when ex-hurricane Bertha came to the UK leading to a marked increase in home searches. The August bank holiday also brought an increase in home searches as the UK looked to home improvement over the last long weekend before Christmas. Furniture and furnishings were particularly popular this summer as we used the summer to redecorate. While garden searches grew slower this quarter – evidence of the early summer we had this year.”

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

Federated Co-operatives Limited acquires the Affinity Credit Union building on Fourth Avenue South in downtown Saskatoon

Saskatoon, Canada, 2014-10-27— /EPR Retail News/ — Federated Co-operatives Limited (FCL) has purchased the Affinity Credit Union building on Fourth Avenue South in downtown Saskatoon. The acquisition accommodates increasing talent growth and eases office space demands experienced at its current Home Office located just a half block north on 22nd Street East.

FCL is a unique multi-billion dollar wholesaling, manufacturing, marketing and administrative co-operative that is owned by 220 autonomous retail co-operatives in Western Canada. It is the largest company in Saskatchewan and the 45th largest in Canada, with sales of $9.4 billion in 2013.

“Federated Co-operatives Limited is proud to operate from our home location in Saskatoon, creating good jobs and making sustainable investments for Saskatoon, Saskatchewan and all of Western Canada,” says FCL CEO Scott Banda.

“Good things are happening every day in our organization as we continue growing and evolving to serve our retail co-ops, customers and communities better. Purchasing a second Home Office building is a testament to the enduring strength of the co-operative business model, the success of retail co-operatives and the support from the 1.6 million members and customers who shop co-op. Together we continue growing the economy here at home, something we have been doing for 86 years.”

Saskatoon footprint grows

FCL employs almost 900 people at its Saskatoon-based operations with an annual payroll of $60 million. Almost 600 work out of the company’s current nine-storey Home Office building located at 22nd Street East. It has about 95,000 square feet of office space and opened in 1969. Five years ago, 463 people worked at this location.

The newly-purchased building is a seven-storey building with approximately 84,000 square feet of office space. Approximately 40 employees recently relocated there, occupying a half floor. They will be joined by additional colleagues in the coming year as another floor is renovated. The remaining office space is leased to other tenants with varying terms and renewals. The new acquisition increases FCL’s ownership of total available downtown office space to just over eight per cent.

Overall, FCL owns 1.66 million square feet of land in and around Saskatoon – that’s equivalent to 19 football fields. It pays almost $1.3 million in property taxes. FCL’s largest local property is its food distribution warehouse on 740,500 square feet of land in Saskatoon’s north industrial area. FCL also owns a large bulk fuel, cardlock and propane facility complex, occupying 275,000 square feet at the BizHub site in the RM of Corman Park, and the 250,000 square feet feed plant on Jessop Avenue.

FCL in Western Canada

In addition to its Saskatoon-based operations, FCL employs another 2,400 people across Western Canada at five regional offices, various warehouse distribution centres, corporate bulk fuel/propane locations, feed mills and at its wholly-owned subsidiaries the Co-op Refinery Complex in Regina and The Grocery People in Edmonton.

Over the past 10 years, FCL has provided a patronage allocation of $4.1 billion to the retail co-operatives that own FCL; those retail co-ops in turn reinvest in their local communities through investment in new facilities and through returns to their individual members in the form of cash back and equity. In addition, FCL donates millions of dollars annually to charities and non-profit organizations that enhance the lives of individuals and communities across Western Canada.

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Federated Co-operatives Limited acquires the Affinity Credit Union building on Fourth Avenue South in downtown Saskatoon

Federated Co-operatives Limited acquires the Affinity Credit Union building on Fourth Avenue South in downtown Saskatoon

CBRE Global Corporate Services hosted its fourth annual S.E.E.S Conference in Atlanta, GA

Atlanta, GA, 2014-10-27— /EPR Retail News/ — CBRE Global Corporate Services (GCS) held its fourth annual S.E.E.S Conference last week in Atlanta, GA.  The conference, named for the four major service categories of Integrated Facilities Management (Sourcing, Engineering, Energy and Sustainability), highlighted new ideas and innovations in global workplace operations.

More than 600 facilities experts from around the world attended the three-day event,  which  spanned topics including the next generation of technology for mission critical engineers of data centers, energy efficiencies gained via data analytics, and workplace environment changes impact on corporations’ employee recruitment and retention efforts.

“Our facilities conference was an excellent forum to promote continual innovation within the facilities management industry,” said Bill Concannon, CEO of CBRE Global Corporate Services. “Each of the 45 breakout sessions sparked conversations and generated new ideas on delivering world class facilities services within the modern workplace.”

CBRE manages more than 3.5 billion square feet of facilities and $32 billion in operating expenses globally on behalf of its clients. The firm has added nearly 300 million sq. ft. of new facilities management business in the past 24 months. CBRE employs more than 15,000 professionals who specialize in facilities management service provision.

For more information on CBRE Global Corporate Services, please visit www.cbre.com/gcs

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.

Contact

Robert Mcgrath
T +1 212 9848267
email

SM and subsidiaries recognized for excellence in good corporate governance by Hong Kong publication Corporate Governance Asia

Pasay City, Philippines, 2014-10-27— /EPR Retail News/ — Leading Philippine conglomerate SM Investments Corporation(SM) and its subsidiaries were recognized for excellence in good corporate governance by Hong Kong publication Corporate Governance Asia (CG Asia).

The 10th Corporate Governance Asia Recognition Awards acknowledges the companies who have taken serious steps to institutionalize Corporate Governance into their businesses.

SM Vice Chairperson and BDO Chairperson Teresita T. Sy-Coson and SM Prime Holdings, Inc. President Hans T. Sy were both cited for the Asian Corporate Director award.

SM Investments Corporation, BDO Unibank, Inc. and SM Prime Holdings, Inc. were awarded with Asia’s Icon on Corporate Governance. China Banking Corporation was cited as one of among Asia’s Outstanding Companies on Corporate Governance.

Ms. Sy-Coson said, “We would like to thank Corporate Governance Asia for these awards and for acknowledging the many initiatives we have taken over the years to further strengthen corporate governance across the SM group of companies. While good corporate governance is deeply engrained in the SM culture, we are committed to continue improving our standards because we believe that it can only serve to ensure long-term sustainability of all our businesses.”

The awarding ceremony was held on October 24, 2014 at the Renaissance Harbour View Hotel in Hong Kong.

CG Asia is the most authoritative journal on Corporate Governance in the region. Published quarterly, it provides news and analysis on corporate governance issues, boardroom practices and shareholder activism since seeing print in 2002. CG Asia is read by 9,000 executives from Asia’s major public companies, regulators, institutional investors, fund managers, lawyers, accountants, academics, government financial institutions.

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For further information, please contact:
Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
Email : cora.guidote@sminvestments.com<
Tel. (632) 857-0117

New Commissary and Exchange located near the Pittsburgh airport opens

FORT LEE, Va., 2014-10-27— /EPR Retail News/ — The spotlight was on military service members and their families Oct. 21 at the long-anticipated grand opening of the Pittsburgh Area Commissary and Exchange.

“This is your commissary. This is your benefit,” Defense Commissary Agency Director and CEO Joseph Jeu told the large gathering of more than 500 people during the 10 a.m. ceremony. “We are here to serve you. Have a great day and enjoy your commissary benefit.”

Jeu was one of seven speakers for the event that marked the completion of many years of collaboration between federal, state and local officials to have a commissary built in the area, following the 2005 Base Realignment and Closure decision to close the nearby C.E. Kelly Support Facility. The commissary there was kept open until Oct. 18, once the new commissary was completed.

Like Jeu, the speakers spoke of their support for those in military service and thanked all who worked to make the new commissary possible. They included U.S. Sen. Bob Casey of Pennsylvania, U.S. Rep. Tim Murphy of Pennsylvania’s 18th District, U.S. Rep. Mike Doyle of Pennsylvania’s 14th District, State Senator Matt Smith of Pennsylvania’s 37th District, Ronny Rexrode, the Army and Air Force Exchange Service Eastern Region vice president, and Army Col. Matthew Lissner of the 99th Regional Support Command.

The new commissary, located along a major thoroughfare near the Pittsburgh airport, is much better-suited to support commissary-eligible patrons in the tri-state area of Pennsylvania, West Virginia and Ohio. The AAFES Exchange section of the new shopping complex opened in August.

The old C.E. Kelly Commissary was built in 1959, with two checkouts. The new store, with five regular checkouts and four self-checkouts, is more than twice the size, boasts more items for customers to buy and includes an international delicatessen and bakery, which the old store didn’t have.

With high ceilings and wide aisles, the new store is designed to provide a pleasant shopping experience in a much more energy-efficient and environmentally friendly facility. “We’re entering a new era for the commissary benefit with our new store. It’s a vast improvement over the old C.E. Kelly Commissary,” said Store Director Wayne Trotter. “I can’t say enough about how much our customers appreciate their commissary. One of them came up to me on the day we closed Kelly and said they were sad to see the old store go away, but we’re all glad to now operate in such a fine facility at this great location.”

Customers echoed Trotter’s assessment.

“Way different,” is how Marta Gines summed up her comparison of the new and old stores. Marta was there with her husband, Army National Guard Spec. Manuel Gines, and their daughter, Kaitlyn. “We waited two hours today for this to open and it was worth the wait. This store has all we need.”

Air Force Maj. Scott Kniola and his wife, Bridget, were at the self-checkout when she said she’s looking forward to shopping. “We got just a few items today – we’re here to check it out mostly – and I’m definitely coming back soon for some serious shopping. The prices are great!”

NOTE: To see photos and video clips of the new Pittsburgh Area Commissary grand opening, 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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