Babies“R”Us® helps parents celebrate their little ones’ very first holiday season with special series of “Baby’s First Christmas” in-store events

“Baby’s First Christmas” In-Store Events to Feature Too-Cute Activities for Babies, Plus Giveaways and Gift Suggestions to Make the Season Merry; #BRUChristmas Sweepstakes Provides an Opportunity to Win Prizes, Including a $2,500 Babies“R”Us Gift Card

WAYNE, NJ, 2014-11-6— /EPR Retail News/ — Babies“R”Us®, the nation’s leading dedicated baby products retailer, is helping parents celebrate their little ones’ very first holiday season with a special series of “Baby’s First Christmas” in-store events. On select Saturdays in November, from 10 to 11am, Babies“R”Us stores across the country will welcome new parents and their babies to take part in adorable activities to commemorate this memorable milestone, including playful storytime, photo opportunities and make-and-take ornament crafting. Attendees will receive the all-new Baby’s First Christmas Gift Guide, which features a curated assortment of more than 50 items sorted by a baby’s age range and developmental stage. Those who attend the one-hour events will also have the opportunity to enjoy giveaways and win raffle prizes from top baby product manufacturers, while meeting and greeting with other moms and dads in their local area.

“At Babies“R”Us, we know just how important it is to celebrate a baby’s first Christmas and the immeasurable joy parents feel as they revel in each special moment, from watching their child open their first holiday gift to dressing them up in festive attire,” said Jennifer Knowles, Vice President, Marketing, Babies“R”Us, U.S. “From offering assistance in picking the perfect present and hosting fun activities, to providing exciting opportunities to win prizes in-store and online, our mission is to serve as a welcoming destination where moms and dads – and their little ones – can come together to share in the joy of their babies’ first holiday season.”

Experience “Baby’s First Christmas” with In-Store Events and a Special Twitter Party

To identify which of the three “Baby’s First Christmas” events parents may wish to attend with their first-year child, below is an age-specific outline. If parents are unable to attend the event dedicated to their baby’s birth month, they’re welcome to join another event date that works best for their family. For more information, customers can contact their local Babies“R”Us store or visit Babiesrus.com/FirstChristmas:

  • Saturday, November 8: Babies born in December 2013; January, February and March 2014
  • Saturday, November 15: Babies born in April, May, June and July 2014
  • Saturday, November 22: Babies born in August, September, October and November 2014

Babies“R”Us is also inviting moms and dads to celebrate their babies’ first holiday by participating in an upcoming “Baby’s First Christmas” Twitter Party. Those who follow @BabiesRUs on Twitter can join the conversation on Tuesday, November 11 at 9pm EST, during a chat led by @CoolMomPicks, using the hashtag #FirstHoliday. Participants can ask questions, receive expert advice, and share their own insights and tips for the holidays as part of the online celebrations.

Introducing a Stage-Specific Holiday Shopping Guide from THE Baby Product Experts

The product experts at Babies“R”Us have launched The Baby’s First Christmas Gift Guide to arm new parents and gift-givers with valuable information and targeted recommendations to help them be a holiday hero. An expanded version ofthe gift guide, can be viewed online at Babiesrus.com/FirstChristmas, which segments gift ideas by baby’s age so shoppers can easily identify playthings and other must-haves that will excite and delight them without leaving them frustrated.

With this broad assortment, gift-givers are sure to find something to put under the tree that will elicit smiles from babies and parents alike. Aside from the handpicked toy selection, the gift guide also highlights mealtime and on-the-go product suggestions, as well as unique keepsakes and picture-perfect holiday outfits. The products range from nostalgic gifts, such as My Baby’s First Christmas Bib from Koala Kids, to big-ticket items including the 4Ever™ 4-in-1 Car Seat from Graco®.

Introducing the #BRUChristmas Sweepstakes, Sure to Spread Holiday Cheer

To get shoppers into the spirit of the season, Babies“R”Us has launched a “Baby’s First Christmas” Sweepstakes, which customers can enter now through Wednesday, November 26 at 11:59pm EST, for the chance to win amazing prizes. One grand prize winner will receive a $2,500 Babies“R”Us gift card, while the other prizes include a year’s worth of baby food from Gerber® and a year’s supply of diapers from Huggies®. Following are three available methods to enter the sweepstakes:

  • Online: Visit Babiesrus.com/FirstChristmas to enter and view full contest rules and details.
  • Mobile: Text FIRST to 72229*.
  • Twitter or Instagram: Parents can share a photo on Twitter or Instagram (@BabiesRUs) of their babies’ celebrating their first holiday season using the hashtags #BRUChristmas and #Sweeps. Full contest rules and details can be found at Babiesrus.com/FirstChristmas.

“Baby’s First Christmas” In-Store Boutique Helps Shoppers Celebrate the Season

Customers can browse a dedicated “Baby’s First Christmas” shop in Babies“R”Us stores nationwide, featuring nearly 200 items for little ones this holiday season. The shop is stocked with a variety of festive items, including holiday-themed clothing, plush toys, gingerbread house kits, tree decorations, Santa hats and stockings.

To stay up to date with deals, promotions, and other news throughout the holidays, visit Babiesrus.com, or follow Babies“R”Us on Facebook, Twitter, Instagram, and Pinterest.

*Message and data rates may apply. Text HELP to 72229 for help. Text STOP to 72229 to end. For mobile terms and conditions, visit Babiesrus.com/mobile.

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 878 Toys“R”Us and Babies“R”Us stores in the United States and Puerto Rico, and in more than 705 international stores and over 190 licensed stores in 35 countries and jurisdictions. In addition, it exclusively operates the legendary FAO Schwarz brand and sells extraordinary toys in the brand’s flagship store on Fifth Avenue in New York City. With its strong portfolio of e-commerce sites includingToysrus.com, Babiesrus.com, eToys.com and FAO.com, it provides shoppers with a broad online selection of distinctive toy and baby products. Headquartered in Wayne, NJ, Toys“R”Us, Inc. employs approximately 70,000 associates annually worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Additional information about Toys“R”Us, Inc. can be found on Toysrusinc.com. Follow Toys“R”Us, Babies“R”Us and FAO Schwarz on Facebook at Facebook.com/Toysrus, Facebook.com/Babiesrus and Facebook.com/FAO and on Twitter at Twitter.com/Toysrusand Twitter.com/Babiesrus.

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Media Contacts:
Babies“R”Us, U.S.
Samantha Xenis
973-617-5306
Samantha.Xenis@toysrus.com

Bjorn Trowery
973-617-4380       
Bjorn.Trowery@toysrus.com

Whole Foods Market announces new 50,000-square-foot store for the Northern California Region, in Santa Clara

WHOLE FOODS MARKET® ANNOUNCES NEW STORE FOR SANTA CLARA

Emeryville, Calif., 2014-11-6— /EPR Retail News/ — Whole Foods Market announced today a new store for the Northern California Region, in Santa Clara at Scott Boulevard and Bowers Avenue. The 50,000-square-foot store will be easily accessible to the 101 Freeway.

“With a dense residential and business community, Santa Clara University, California’s Great America and Levi’s Stadium all in close proximity to the store, this is an exciting location for Whole Foods Market,” said Rob Twyman, president Whole Foods Market’s Northern California Region. “We can’t wait to open our doors to this rapidly growing community.”

Additional information on groundbreaking and store features is forthcoming.

EXPERTS
Rob Twyman
President – Northern California Region
Rob Twyman is President of Whole Foods Market’s Northern California Region.

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Whole Foods Market announces the revamp of its New York City Bowery location’s dining options

NEW YORK, 2014-11-6— /EPR Retail News/ — Whole Foods Market is excited to announce the revamp of its New York City Bowery location’s dining options, with two brand new venues and other store updates, offering consumers a greater variety of delicious in-store dining options.

Located on the corner of East Houston and Bowery, shoppers will now have even more reasons to stop by and stay a while with new and updated favorites such as…

  • BBQ:  Featuring fresh, smoked in-house meats like beef brisket, chicken, St. Louis pork ribs, sausage, and more, that all meet the retailer’s strict animal welfare quality standards, BBQ gives guests the opportunity to choose their favorite Southern sauces from options like Kansas City, Alabama White, Texas and more. The venue includes comfort food fixin’s from corn bread with honey butter to spicy pickled green beans to loaded fries and mac & cheese. To celebrate the opening, the venue will be offering a free small fixin’ with the purchase of any BBQ sandwich during November.
  • Bowery Seafood Shack: Get your seaside favorites all year long! From classics like lobster bisque soup and lobster rolls to more unconventional offerings like the “fyro,” and in-house-made seafood gyro, showcasing fresh salmon, shrimp or tilapia on toasted naan bread, and seafood sliders with juicy crab or crawfish.
  • Bowery Beer Room: The go-to beer buying destination in New York City has doubled its on-tap offerings from six to 12 beers. While the selection will be rotating, shoppers can expect to find unique and seasonal brews available for purchase in two growler sizes.
  • Chopped, Topped, & Wrapped: A longstanding crowd pleaser, Chopped, Topped, & Wrapped has launched its new fall menu featuring nine new menu options like Crunchy Thai, Kale Caesar and Sesame Salmon.

To learn more about the Bowery store, visit: www.wholefoodsmarket.com/stores/bowery or 95 E. Houston Street.

Find us online:
We are pleased to offer online ordering of groceries for delivery in as little as one hour.
Facebook – https://www.facebook.com/wholefoodsnyc
Twitter and Instagram @WholeFoodsNYC

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CBRE workplace strategy report: Age is less of a factor than widely thought when it comes to workplace preferences in the U.S

Contrary to Current Assumptions about Millennials, Report Finds Few Differences in Workplace Preferences Across Generations

Los Angeles, 2014-11-6— /EPR Retail News/ — Age is less of a factor than widely thought when it comes to workplace preferences in the U.S., according to a new workplace strategy report by CBRE Group, Inc., Designing the office of the future? Don’t plan it around (what you think you know about) U.S. millennials. The study, based on aggregated CBRE Workplace Strategy surveys from more than 5,500 office workers across numerous industries, found that while current assumptions about millennials are driving the design of many workplaces today, there is actually little difference in workplace preferences between millennials, Generation Xers and baby boomers.

“The results of this study clearly suggest that variety, choice, access and transparency—attributes typically associated with what millennials want—are indeed important, but not only for millennials,” said Georgia Collins, CBRE’s senior managing director for Workplace Strategy. “Our study actually found that most of these attributes are equally important to Generation Xers and baby boomers.”

With millennials currently accounting for approximately 24 percent of the adult population in the U.S., and with a projected 75 percent of the workforce being millennials by 2025, much has been made about this new workforce generation, particularly when it comes to workplace strategy. While this is causing many companies today to debate how to balance the needs of millennials with those of a more tenured workforce, the CBRE study suggests that the generational divide is more perception than reality.

Generational Preferences Chart.jpg

Among some of the most notable findings in the report:

  • Millennials are collaborative—they report spending approximately 38 percent of their time interacting with others—but Gen Xers and baby boomers are equally as collaborative. In fact, millennials actually report spending slightly more time doing individual focused work than their colleagues from other generations.
  • When asked what types of spaces would enhance a future workplace, millennials placed most of their value on spaces that allow them to think and concentrate, followed by spaces to meet and collaborate, and spaces for learning and training. Of least importance to millennials was space for socializing (although they still rank this as considerably more important than do their Generation X and baby boomer colleagues).
  • Contrary to widespread assumptions, when asked how they would like to work in the future, millennials said they’d like to spend more time connecting via email and more time in formal meetings—and less time on company-sponsored social networks.

“These findings suggest that instead of putting too much focus on designing the workplace around the millennials, companies would yield better results by designing a well-balanced office that will accommodate the varied needs of different job functions and different preferences of individuals, independent of their age cohort,” said Collins.

CBRE is transforming its own work environment with its “Workplace360” global initiative, which includes a new 61,000-sq.-ft. office in Chicago that opened this month. With almost two dozen now open around the world, these offices feature private spaces where individuals can focus, collaborative spaces designed for teams to work together and technology that enables employees to virtually work from anywhere. Among CBRE employees in these new offices, 93 percent report that they wouldn’t go back to the old way of working; 79 percent feel they are more productive; and 94 percent feel that they are able to more easily collaborate.

To request a copy of the report or to speak with a CBRE expert, please contact Christy Ingle (949.751.9200 or Christy.Ingle@cbre.com) or Robert McGrath (212.984.8267 or Robert.McGrath@cbre.com).

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.

CBRE Group, Inc. awarded the H. Bruce Russell Global Innovator’s Award from CoreNet Global

CBRE and Delos® recognized for CBRE’s Corporate Headquarters office in Los Angeles, the first office in the world to be WELL Pilot Certified™ by the International Well Building Institute

Los Angeles, CA, 2014-11-6— /EPR Retail News/ — CBRE Group, Inc. was awarded the H. Bruce Russell Global Innovator’s Award from CoreNet Global, the world’s premier association for corporate real estate professionals, economic developers and service providers. CBRE, in partnership with Delos®, was recognized for the innovative design of its Downtown Los Angeles corporate headquarters office, which is the first office in the world to be WELL Certified™ by the International Well Building Institute under the pilot program in November 2013.

The Global Innovator’s Award recognizes excellence and innovation in corporate real estate. Since 2000, the award has honored the “game changers” in the commercial real estate industry—those individuals and companies whose work, ideas and best practices elevate the practice of corporate real estate.

A result of seven years of rigorous research in collaboration with leading physicians, scientists, and industry professionals, The WELL Building Standard focuses on seven categories of building performance: the mind, comfort, fitness, light, nourishment, water and air. The CBRE corporate headquarters office features more than 50 wellness designs and elements within these categories, including: circadian rhythm lighting, hydration stations, live plants, exercise promotion, sit/stand work stations and desks built atop treadmills.

Wellness is a core component of CBRE’s global “Workplace360” workplace strategy initiative, which in addition to the Downtown Los Angeles headquarters office, has now been implemented in 20 other offices around the world.  Designed to optimize the health, wellness and productivity of its occupants, each office features a balance of private and collaborative workspaces designed to support the way employees work through enhanced flexibility, mobility, technology, productivity and wellness.

“We took a bold step in bringing this new way of working to the U.S. with our Downtown LA office, and in making health and wellness a cornerstone of the space,” said Lewis C. Horne, President of the Greater Los Angeles and Orange County Region for CBRE, who along with Laura O’Brien, Onno Zwaneveld, Lenny Beaudoin and Beth Moore, led the implementation of the WELL initiative in the Los Angeles office.

“One year after moving into our new work environment, 92 percent of employees said the space has created a positive effect on their health and well-being and 90 percent said they would not choose to go back to a traditional way of working. This feedback from our employees is a tremendous validation of our workplace approach,” added Mr. Horne.

“The office is a place where people spend a lot of their time, and by investing in employees—and especially in their health and well-being—companies will be better positioned to win the war for talent, and better able to make their employees truly productive,” said Mr. Beaudoin, Senior Managing Director for Workplace Strategy at CBRE, who accepted the award on CBRE’s behalf, along with Ms. Moore, Workplace Strategy Director, at the CoreNet Global North American Summit in Washington, D.C.

“As corporate real estate professionals are increasingly focused on workplace strategy, including the role health and wellness plays in overall performance, our Downtown LA office offers important insights to those who are looking to inform their own workplace decisions,” said Karen Ellzey, Executive Managing Director of Consulting for Global Corporate Services. “We are thrilled to be recognized by CoreNet for our leadership in bringing health and wellness to the workplace environment.”

“CBRE has set a new standard for healthy office space and its global corporate headquarters serves as a great example of how health and wellness can change the way people work,” said Paul Scialla, Delos Founder and CEO and Founder of the International WELL Building Institute. “We are tremendously proud to have introduced the world’s first WELL Certified office space with CBRE, and honored to be awarded by CoreNet for our healthy building leadership.”

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.

Young Scot partners with The Co-operative Food to offer Young Scot NEC cardholders 10% discount on their shopping

MANCHESTER, 2014-11-6— /EPR Retail News/ — Young Scot, the national youth information and citizenship charity for Scotland, has today (Monday 3 November) agreed a major deal with The Co-operative Food to offer Young Scot NEC (National Entitlement Card) cardholders a 10% discount on their shopping*.

From today (Monday), Young Scot cardholders, aged 11 to 25, qualify for the discount when they shop at any of The Co-operative Group’s 400 stores across Scotland, from Shetland in the north to Annan in the south.

It is the first time Young Scot has partnered with a major food retailer to offer discounted shopping.The new initiative provides over 570,000 Young Scot cardholders with 10% off food, household products, newspapers and magazines, when they present a valid Young Scot card at any Co-op store.

Young Scot has conducted research which shows a fifth of young people highlight life expenses, such as food shopping, as a top priority.

John McNeill, Regional Stores Director for The Co-operative Food in Scotland, said:

“Young people are facing increasing financial pressures, and by working with Young Scot to develop this initiative we’ve found a way to help them make their money go further while being able to shop conveniently.

“We’re a community retailer, with Co-op Food stores across the length and breadth of Scotland, and by offering a discount to Scotland’s young people we’re giving them a great incentive to make good, healthy choices about the food they eat.”

Louise Macdonald, chief executive, Young Scot says:

“Our research shows that lunch items such as sandwiches and fruit are the most readily purchased products by young adults, with price being one of the top motivating factors when food shopping. We are delighted to be working with the Co-operative Food to support this demand from young people and give them greater opportunities to buy healthy, ethical, and locally sourced food, while saving them money.”

In addition to the Co-operative Food offer, the Young Scot card gives young people access a wide range of benefits which support them to lead active, positive lifestyles. Cardholders can claim over 1,500 discounts for services such as money off public transport, driving lessons, and study guides.

The card carries the PASS hologram which provides young people with a trusted and credible way of proving their age. It also gives young people access to a host of other benefits including cashless catering, leisure and library services and e-voting.

Furthermore, its Young Scot Rewards programme encourages young people to earn points for activities such as volunteering and arts opportunities which they can exchange for unique experiences which benefits their learning and broadens their experiences outside of school.

In addition to Co-operative Group food stores, the Young Scot discount will also available from Monday 17 November in Scotmid Co-operative food stores.

 

For further information

media interviews or images please contact Joe Boyle at Stripe Communications on 0131 561 8628 or e-mail youngscot@stripecommunications.com, or Steve Broughton at The Co-operative Group on 0161 767 4298 or email steve.broughton@co-operative.coop

 

Notes to Editors:
*Exclusions apply: Alcohol, baby milk, stamps, savings schemes, National Lottery and Health Lottery purchases, gift vouchers, phone cards, continuity programmes, in-store concessions, PayPoint, currency, fuel, cigarettes and Tobacco, newspaper delivery, electrical goods.

Young Scot

Young Scot is the national youth information and citizenship charity for Scotland. There are 570,000 Young Scot cardholders across Scotland and is a partnership between Young Scot, the Scottish Government, the Improvement Service and all 32 local authorities.
Young Scot provides all young people in Scotland aged 11-25 with information, ideas and opportunities to enable them to make informed decisions and choices, turn their ideas into action and take advantage of opportunities available throughout Scotland and Europe.

www.youngscot.org – The national youth information portal for Scotland
www.youngscot.net – Young Scot’s corporate website

 

The Co-operative Group

The Co-operative Group, which is the UK’s largest co-operative business with interests across food, funerals, insurance and legal services, has a clear purpose of championing a better way of doing business for you and your communities. Owned by millions of UK consumers, The Co-operative Group operates a total of 3,750 outlets, with more than 70,000 employees and an annual turnover of approximately £11 billion

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

SM Investments Corporation reported PHP18.2 billion net income for the first nine months of 2014

Pasay City, Philippines, 2014-11-6— /EPR Retail News/ — SM Investments Corporation (SM) reported a net income of PHP18.2 billion for the first nine months of 2014 from PHP18.6 billion during the same period last year. Consolidated revenues grew 7.7% to PHP193.2 billion in the period ended September 30 from PHP179.4 billion in the same period last year.

On a recurring basis, consolidated net income grew 13.7% to PHP18.1 billion from PHP15.9 billion. Underlying revenues also grew 9.4% to PHP192.9 billion from PHP176.3 billion. The reported net income in 2013 included exceptional items such as the trading gains in the Group’s banking businesses which boosted earnings of a number of banks during that period, among them BDO Unibank.

“We were able to sustain solid revenue growth across our core businesses of retail, banking and property. We also saw more robust real estate sales in the quarter with the launch of new projects. Our underlying profitability was driven by strong delivery of BDO and steady property contribution. In retail, gross margins have stabilized despite the intensifying competition, and we remain committed to expanding to new formats to tap the unserved and underserved markets,” SM President Harley T. Sy said.

Net Income Profile
Banks accounted for 41.9% of SM’s consolidated net income in the first nine months and property accounted for 39.1% while retail contributed 19.0%.

Banking
BDO Unibank, Inc. (BDO) recorded a net income (attributable to equity holders of the parent) of PHP16.7 billion compared with PHP18.2 billion in the first nine months of 2013 which reflected non-recurring trading gains. BDO’s first nine months core income represents a 20% growth.

Net interest income in the first nine months grew 21% and continued to be the main earnings driver at PHP 37.5 billion. This is primarily due to the bank’s customer loan business which expanded 22% to PHP1.0 trillion. Total deposits registered PHP1.4 trillion, 18% higher than previous year.

BDO’s total capital adequacy ratio (CAR) of 14.1% and common equity tier 1 (CET 1) ratio of 12.7% under the current Basel III environment are well above the regulatory minimum of 10% and 8.5% percent respectively.

Property
SM Prime Holdings, Inc. (SM Prime) reported consolidated net income increased 11.8% to PHP13.5 billion in the first nine months from PHP12.0 billion in the same period last year. Consolidated revenues grew 8.5% to PHP47.8 billion in the January to September period from PHP44.0 billion the previous year.

Rental revenues accounted for 55% of the consolidated revenues, and grew by 11.2% to PHP26.4 billion in 2014 from PHP23.8 billion in the same period in 2013.

Same-store rental growth was at 7.0% in the first nine months.

The increase in rental revenue was primarily due to the new and expanded malls in 2013 and 2014 such as SM Aura Premier in Taguig, SM City BF Paranaque, Mega Fashion Hall in SM Megamall in Mandaluyong and SM Cauayan in Cagayan Valley with a combined 527,000 sqm. Part of the growth was from TwoE-comCenter in Mall of Asia Complex which opened in 2013 and is now fully occupied.

SM Prime recently expanded its malls in Bacolod and in Lipa, Batangas which contributed a combined 295,811 sqm to the company’s gross floor plate. In terms of commercial spaces, SM Prime topped off FiveE-ComCenter, a 15- level office building at the Mall of Asia Complex with a gross floor area of 125,716 sqm and approximately 85,000 sqm of leasable area. It also broke ground on ThreeE-comCenter, also a 15-storey building featuring semi-circular twin towers with a total GFA of 111,727 sqm.

These new office buildings will continue to establish the E-comCenters as a premier address in the Mall of Asia Complex in Pasay City given its ideal location and master-planned environment.

In the third quarter, real estate sales grew 18.1% to PHP3.4 billion, reversing the cumulative decline in the previous quarters. SM Prime’s residential development arm, SM Development Corp. (SMDC) posted a 12% increase in revenues to PHP3.7 billion in the third quarter from PHP3.3 billion a year ago. The strong performance was driven by more projects nearing completion, particularly Grace, Shell and Breeze Residences.

As of September, real estate sales comprise 33% of total revenues at PHP16.0 billion, slightly higher than the previous year’s PHP15.8 billion. SM Prime expects improved results as more condominium projects are completed. Thus far SMDC has 22 projects.

Cinema ticket sales rose 20.6% to PHP3.3 billion in the nine-month period from PHP2.7 billion in 2013 largely due to the international and local blockbuster movies shown as well as the opening of digital cinemas at the new and expanded malls.

Amusement and other revenues increased by 20% to PHP2.1 billion during the nine-month period. This was due to the strong patronage of amusement rides and additional recreational facilities in various malls.

In the third quarter, SM Prime successfully issued PHP20 billion in retail bonds with tenors of 5.5
years, seven years and 10 years. The bonds fetched fixed interest rates of 5.1000%, 5.2006% and 5.7417% respectively.

Retail Operations
For the first nine months of 2014, SM Retail’s net income grew 5.0% to PHP3.8 billion. Total sales rose 9.2% to PHP136.4 billion. SM continues to be a market leader in the Philippines. The food retail business in particular is on an aggressive expansion mode to penetrate the informal sector and both urban and rural communities. In the department store business, the SM Store continues to introduce fresh concepts and its expansion is on track in line with the completion of new SM malls.

At the end of the three quarters of 2014, SM Retail opened 16 new stores, bringing the total to 255 stores, consisting of 49 SM Stores, 40 SM Supermarkets, 41 SM Hypermarkets, 102 Savemore stores and 23 WalterMart stores. This year, the SM Store opened in Cauayan, Isabela. In terms of food retail stores, SM opened 15 new stores in various parts of Luzon, Visayas and Mindanao.

SM Balance Sheet
The total assets of SM grew 8.3% in the first nine months to PHP685.6 billion. As of end-September 2014, SM maintains a healthy balance sheet with a gearing ratio of 40% net debt to 60% equity.

SM raised PHP15 billion in May 2014 from a public offer of peso-denominated retail bonds with maturity of seven and 10 years. The SM bonds are rated PRS Aaa by Philippine Rating Services Corporation, the highest rating assigned by the credit rating firm.

In June 2014, SM issued a USD350 million 10-year senior unsecured bond at a fixed rate of 4.875% per annum, a landmark transaction marking the longest-dated USD bond issued by SM and the company’s fourth USD bond issuance since 2009. The issuance earned SM the Region’s Best Borrower Award from Hong Kong publication Finance Asia.

Recently, SM, BDO and SM Prime were awarded Asia’s Icon on Corporate Governance while China Banking Corporation was cited as one of among Asia’s Outstanding Companies on Corporate Governance by Hong Kong magazine Corporate Governance Asia. SM Vice Chairperson and BDO Chairperson Teresita T. Sy-Coson and SM Prime President Hans T. Sy were cited for the Asian Corporate Director award.

About SM Investments Corporation
SM Investments Corporation (SM) is one of the leading conglomerates in the Philippines with highly synergistic businesses in retail, banking and property development. SM has evolved into one of the highly respected companies in the country owing to its progressive approach in business and its comprehensive sustainability programs for its host communities through SM Foundation and SM Cares.

SM’s retail operations enjoy a strong brand franchise consisting of The SM Store and its food retail chains namely SM Supermarket, SM Hypermarket, Savemore and WalterMart stores. SM’s property arm, SM Prime Holdings, Inc. is among the largest integrated property developers in the Philippines with interests in mall, residential, commercial and tourism development. SM’s interests in banking are in BDO Unibank, Inc. (BDO), the country’s largest and in China Banking Corporation (China Bank), the fifth largest. Combined, these two banks have a network of over 1,000 branches nationwide.

For further information, please contact:

Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
E-mail: cora.guidote@sminvestments.com
Tel. No. (632) 857-0117
www.sminvestments.com

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SM GRAPH SM Investments Corporation reported PHP18.2 billion net income for the first nine months of 2014

PAK’nSAVE named New Zealand’s cheapest supermarket in Consumer’s annual survey of supermarket prices

Hamilton, New Zealand, 2014-11-6— /EPR Retail News/ — PAK’nSAVE has taken out the title of New Zealand’s cheapest supermarket in Consumer’s annual survey of supermarket prices. PAK’nSAVE’s prices were up to 13 percent lower than that of the next cheapest supermarket in the seven centres surveyed nationwide. The findings are great news for consumers as it seems the gap between PAK’nSAVE and the competition is firmly in place and continues to deliver everyday savings to consumers.

PAK’nSAVE Clarence Street in Hamilton took pole position in the Consumer survey and came out on top as the cheapest supermarket in the country. Owner-operator Tony Rider is thrilled his store came in a massive 13% cheaper than his nearest rival.

“This proves that our customers are getting real savings every day, it’s not just about a few cents, $19 is a massive amount to save on a total shop of $127,” says Rider. “We’ve been really focused on negotiating the best prices possible, we’re committed to buying products in bulk so we can keep the prices of many items down for a long time.”

“It’s been a really busy year for us at PAK’nSAVE Clarence Street, we just finished an $18 million upgrade in January 2014 which has given our customers wider and brighter aisles that will make the whole shopping experience that much easier. We’ve added lots of sustainability features including CO2 refrigeration and LED lighting all of which are designed to reduce overhead costs and enable us to keep our supermarket prices down,” continues Rider.

Foodstuffs North Island Ltd Managing Director Murray Jordan says, “We’re very proud that PAK’nSAVE has once again been confirmed as the home of New Zealand’s lowest food prices by the Consumer Supermarket Survey. We’re conscious that many Kiwis continue to struggle with increasing living costs, and with the weekly supermarket shop being many families largest single outgoing PAK’nSAVE offers significant savings. PAK’nSAVE remains dedicated to keeping supermarket prices low and we won’t be taking our eye off the ball anytime soon when it comes to this commitment.”

“This year’s survey compared New World to Countdown, Nosh and Moore Wilson’s across a range of speciality ‘top shelf’ products including expresso coffee, organic milk and premium yoghurt, and in all centres New World was cheapest on price. This proves that New World not only meets consumer’s speciality food requirements, it does so at the best prices,” concludes Jordan.

Full details of the supermarket price survey are available in the latest issue of Consumer magazine, available to subscribers from 5 November, and in stores from 10 November.

To find your nearest PAK’nSAVE and New World supermarkets, visit www.paknsave.co.nz and www.newworld.co.nz.

—– ENDS —–

Big Lots launches fresh national holiday television and online campaign aimed at bringing the fun and family back into Christmas

Big Lots Brings the Fun Back to Christmas with Original Holiday Tunes

COLUMBUS, OHIO, 2014-11-6— /EPR Retail News/ — Big Lots is launching a fresh national holiday television and online campaign aimed at bringing the fun and family back into Christmas. The campaign features four original songs—with one in Spanish—that will stand out from the competition and have customers singing all holiday season. The spots feature a singing trio that includes “America’s Got Talent” finalist Deanna DellaCioppa, a Boston native who has performed with such musical legends as Stevie Wonder and Diana Ross.

Big Lots knows Moms make the holidays happen and is celebrating them with this new campaign. From nailing entertaining and décor, to giving the most thoughtful gifts ever gifted, Big Lots acknowledges that Mom does the heavy lifting to make the holiday season the absolute best it can be.

“Big Lots understands Christmas doesn’t just happen – Mom works hard to make Christmas special for her family and friends, and we help her make it great,” said Andrew Stein, Senior Vice President, Chief Customer Officer, Big Lots. “From food, seasonal décor, unique gifts, and brand-name toys, Big Lots covers everything on her list at amazing values that other stores just can’t match. It all
translates to less time spent shopping and more time spent enjoying the holidays with her friends and family.”

The first commercial in the campaign launched on Nov. 1 and highlights how Big Lots helps Moms nail the holiday season. The campaign, which was created by Chicago-based O’Keefe, Reinhard & Paul, will be refreshed before Black Friday, when Big Lots will be home to “the Black Friday-est Black Friday of all,” with low prices on in-demand products. Then in December, Big Lots will focus on real gifts. Find the perfect real gift for your family members, friends, favorite teacher, dog walker, babysitter and more at Big Lots.

Committed to providing the lowest prices with the best value every single day, Big Lots offers customers the assurance that they are getting the best prices with Big Lots’ Price Promise. And for customers who are entertaining this holiday season, Big Lots offers value and convenience with Furniture Leasing.

To view the new campaign visit: https://www.yout ube.com/watch?v=Yle5MgVG8ww

To learn more about Big Lots, speak with a company representative or arrange a store visit this holiday season, contact Colleen Cleary at (631) 921-5320.

About Big Lots, Inc.
Headquartered in Columbus, Ohio, Big Lots, Inc. (NYSE: BIG) is a unique, non-traditional, discount retailer operating 1,496 BIG LOTS stores in 48 states with product assortments in the merchandise categories of Food, Consumables, Furniture & Home Décor, Seasonal, Soft Home, Hard Home, and Electronics & Accessories. Our vision is to be recognized for providing an outstanding shopping experience for our customers, valuing and developing our associates, and creating growth for our shareholders. For more information visit www.biglotsmedia.com

Media Contact: Colleen Cleary—(631) 921-5320

Ralph J. Tremaglio named the Defense Commissary Agency’s deputy general counsel for commercial law

FORT LEE, Va., 2014-11-6— /EPR Retail News/ — Ralph J. Tremaglio has been named the Defense Commissary Agency’s deputy general counsel for commercial law.

Tremaglio, who started work at DeCA Oct. 19, fills a position left vacant since June when Elliot Clark retired.

“Ralph brings a level of expertise to the commercial law section, which will benefit DeCA greatly as we face an ever increasing series of complex issues,” said William E. Sherman, DeCA’s general counsel.

The GC’s commercial law department specializes in government contract and fiscal law, ethics, administrative law, environmental law, installation law and real estate claims. Tremaglio oversees the work of three attorneys and provides legal advice and counsel, recommendations and support for the agency’s acquisitions; litigates disputes on DeCA’s behalf before the Government Accountability Office, the Armed Services Board of Contract Appeals and Courts, and manages the ethics program.

Tremaglio previously served as the military staff judge advocate for the Combined Arms Support Command Headquarters at Fort Lee, Va., from 2013 to 2014. He officially retires Jan. 1 from the Army as a colonel with more than 29 years of combined service in the active duty and reserve forces.

Tremaglio began his military career in 1985 as a field artillery officer. He later left active duty, joined the Army Reserve and applied to law school at Widener University. In 1993, he returned to active duty as a legal assistance officer at Fort Sill, Okla., and went on to serve in various JAG assignments stateside and overseas.

Some of his career highlights include serving as the senior acquisition attorney for the Army in Europe from 2008 to 2010; the senior acquisition attorney for Iraq and Afghanistan along with being the command judge advocate, Central Command Joint Theater Support Contracting Command, at Camp Victory, Iraq, and Camp As Sayliyah, Qatar, from 2010 to 2011; and staff judge advocate in Kaiserslautern, Germany, from 2011 to 2013.

He also served from 2005 to 2008 as a professor and chair (contract and fiscal law division) for the Army’s Judge Advocate General’s Legal Center and School at the University of Virginia in Charlottesville. And, from 1996 to 1997, he served as an operational law attorney with the 1st Infantry Division for both the Implementation Force II (IFOR) and the Sustainment Force I (SFOR) in Tuzla, Bosnia-Herzegovina.

Tremaglio has a bachelor’s degree in economics from the Virginia Military Institute, Lexington, Va. (1985); a Juris Doctor degree from Widener University School of Law, Wilmington, Del. (1992); a master of laws degree in military law from the Judge Advocate General’s School, University of Virginia, Charlottesville, Va. (1999); and the U.S. Army Command and General Staff College, Fort Leavenworth, Kan., (2003).

He is an active member of the Maryland and Washington, D.C., bars and is allowed to practice law before the U.S. Supreme Court, the U.S. Court of Federal Claims, the U.S. Court of Appeals Western District of Oklahoma and the U.S. Army Court of Criminal Appeals.

Tremaglio’s awards include two Legions of Merit, the Bronze Star Medal, the Meritorious Service Medal (six awards), the Army Commendation Medal (two awards), the Armed Forces Expeditionary Medal and the NATO Medal for service in Bosnia-Herzegovina.

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