Target Corporation presents its third quarter 2014 Adjusted earnings

Adjusted EPS of $0.54; GAAP EPS of $0.55

  • Third quarter Adjusted EPS of $0.54 was above the expected range of $0.40 to $0.50.
  • Third quarter U.S. Segment comparable sales growth of 1.2 percent was better than the expected range of flat to 1 percent. Comparable sales reflect third quarter digital sales growth of more than 30 percent.
  • U.S. Segment transactions declined 0.4 percent, an improvement of more than 1 percentage point compared with the first half of the year.
  • Third quarter Canadian Segment sales increased 43.8 percent from third quarter last year, on comparable sales growth of 1.6 percent.
  • Target paid dividends of $330 million in third quarter 2014, an increase of 21.4 percent from $271 million last year

MINNEAPOLIS, 2014-11-19 — /EPR Retail News/ — Target Corporation (NYSE: TGT) today reported third quarter 2014 Adjusted earnings per share1 of $0.54, a decrease of 2.9 percent from $0.56 per share in 2013. GAAP earnings per share were $0.55 in third quarter 2014, up 2.7 percent from $0.54 last year. The tables attached to this press release provide a reconciliation of non-GAAP to GAAP measures. All earnings per share figures refer to diluted earnings per share.

“We’re pleased with our third quarter financial results, which were driven by better-thanexpected performance in our U.S. Segment,” said Brian Cornell, chairman and chief executive officer of Target Corporation. “We’re encouraged by the improving trend we’ve seen in our U.S. business throughout the year, and our fourth quarter plans are designed to sustain this momentum. In Canada, we’ve made improvements to our operations, pricing and assortment in time for the holiday season, and we’re eager to measure how our guests respond. The entire company is energized as we approach the peak of the holiday shopping season, and we are looking forward to delivering an outstanding store and digital experience to our guests.”

Fiscal 2014 Earnings Guidance In fourth quarter 2014, the Company expects Adjusted EPS of $1.13 to $1.23, reflecting operating results in its U.S. and Canadian Segments. This measure excludes approximately (2) cents related to the expected reduction of the beneficial interest asset2 as well as any future data breach-related expenses, which are not expected to be material. Target expects full-year 2014 Adjusted EPS of $3.15 to $3.25. Full-year 2014 GAAP EPS is expected to be (45) cents below Adjusted EPS, reflecting: 

  • Pre-tax early debt retirement losses, recognized in interest expense, of $285 million, or (27) cents per share;
  • Year-to-date net pre-tax data breach expenses of $140 million, or (14) cents per share2;
  • Pre-tax impairment losses of $31 million, or (3) cents per share;
  • Pre-tax expense of $13 million, or (1) cent per share, related to Target’s decision to convert existing co-branded cards to MasterCard chip-enabled cards in 2015, and;
  • A (5)-cent per share impact related to the expected reduction of the beneficial interest asset2, partially offset by;
  • A benefit of 5 cents per share from the favorable resolution of various income tax matters.

GAAP EPS guidance does not include an estimate of future data breach-related expenses, which are not expected to be material in any individual period.

U.S. Segment Results In third quarter 2014, sales increased 1.9 percent to $17.3 billion from $16.9 billion last year, reflecting a 1.2 percent increase in comparable sales combined with sales from new stores. Segment earnings before interest expense and income taxes (EBIT) were $927 million in third quarter 2014, a decrease of 5.2 percent from $977 million in 2013.

Third quarter EBITDA and EBIT margin rates were 8.5 percent and 5.4 percent, respectively, compared with 8.7 percent and 5.8 percent in 2013. Third quarter gross margin rate declined to 29.5 percent from 30.0 percent in 2013, reflecting an increase in promotional activity this year. Third quarter SG&A expense rate decreased to 21.0 percent in 2014 compared with 21.2 percent in 2013, reflecting disciplined expense control across the organization.

Canadian Segment Results
Third quarter Canadian Segment sales increased 43.8 percent to $479 million from $333 million last year, reflecting sales from non-mature stores and a comparable-sales increase of 1.6 percent. Third quarter Canadian Segment comparable sales reflect results in 82 Canadian stores that became mature at various points this year, including 34 that became mature during the third quarter. Comparable sales were negatively impacted by market densification later in 2013, which redistributed sales from earlier store openings. Segment EBIT was $(211) million in the third quarter compared with $(238) million last year.

Third quarter 2014 gross margin rate was 19.5 percent, reflecting the continued impact of inventory clearance, compared with 14.8 percent in third quarter 2013 which also reflected the impact of efforts to clear excess inventory. Third quarter 2014 SG&A expense rate of 49.0 percent compares with 66.6 percent last year, reflecting increased scale in the Canadian Segment and pre-opening costs in last year’s results.

Interest Expense and Taxes
​ The Company’s third quarter 2014 net interest expense of $165 million was flat to last year. Third quarter 2014 effective income tax rate, which benefited from the favorable resolution of various tax matters, was 31.3 percent compared with 36.6 percent last year

Capital Returned to Shareholders 
The Company paid dividends of $330 million in third quarter 2014, an increase of 21.4% from $271 million last year. Target did not repurchase any shares of its common stock during the third quarter.

Accounting Considerations
​During fourth quarter 2013, Target experienced a data breach in which an intruder gained unauthorized access to its network and stole certain payment card and other guest information. In third quarter 2014, the Company incurred breach-related expenses of $12 million. Since the data breach in fourth quarter 2013, the Company has incurred total net breach-related expenses of $158 million, reflecting $248 million of gross expenses, partially offset by the recognition of a $90 million insurance receivable. These expenses include an accrual for estimated probable losses for what the Company believes to be the vast majority of actual and potential breachrelated claims, including claims by payment card networks. Given the varying stages of claims and related proceedings and the inherent uncertainty surrounding them, the Company’s estimates involve significant judgment and are based on currently available information, historical precedents and an assessment of the validity of certain claims. These estimates may change as new information becomes available and, although the Company does not believe it is probable, it is reasonably possible that the Company may incur a material loss in excess of the amount accrued. The Company is unable to estimate the amount of such reasonably possible excess loss exposure at this time. The accrual does not reflect future breach-related legal, consulting or administrative fees, which are expensed as incurred and not expected to be material in any individual period.

At the close of the sale of its entire U.S. consumer credit card receivables portfolio to TD Bank Group in first quarter 2013, Target recognized a $225 million beneficial interest asset, which effectively represented a receivable for the present value of future profit-sharing Target expected to receive on the receivables sold. The beneficial interest asset was reduced in third quarter 2014 by $11 million, compared with a $36 million reduction in third quarter 2013. Since the close of the transaction, the beneficial interest asset has been reduced by $138 million.

Miscellaneous
​Target Corporation will webcast its third quarter earnings conference call at 9:30 a.m. CST today. Investors and the media are invited to listen to the call through the Company’s website at www.target.com/investors (click on “events & presentations”). A telephone replay of the call will be available beginning at approximately 11:30 a.m. CST today through the end of business on November 21, 2014. The replay number is (855) 859-2056 (passcode: 39156552).

Statements in this release regarding fourth quarter and full-year 2014 earnings guidance and excess exposure related to the data breach are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements speak only as of the date they are made and are subject to risks and uncertainties which could cause the Company’s actual results to differ materially. The most important risks and uncertainties are described in Item 1A of the Company’s Form 10-K for the fiscal year ended February 1, 2014 and Item 1A of the Company’s Form 10-Q for the quarter ended August 2, 2014.

In addition to the GAAP results provided in this release, the Company provides Adjusted diluted earnings per share for the three- and nine-month periods ended November 1, 2014 and November 2, 2013, respectively. This measure is not in accordance with, or an alternative for, generally accepted accounting principles in the United States. The most comparable GAAP measure is diluted earnings per share. Management believes Adjusted EPS is useful in providing period-to-period comparisons of the results of the Company’s ongoing retail operations. Adjusted EPS should not be considered in isolation or as a substitution for analysis of the Company’s results as reported under GAAP. Other companies may calculate Adjusted EPS differently than the Company does, limiting the usefulness of the measure for comparisons with other companies.

About Target
​Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,934 stores – 1,801 in the United States and 133 in Canada – and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit ABullseyeView.com or follow @TargetNews on Twitter.

media contact

Eric Hausman
Financial Media
p: (612) 761-2054

John Hulbert, Investors
p: (612) 761-6627

###

Darty plc names Albin Jacquemont as its new Finance Director

LONDON, 2014-11-19 — /EPR Retail News/ — Following the announcement made earlier in July of this year regarding the transfer of the Group finance function to France, Darty plc today announces that it has recruited Albin Jacquemont as its new Finance Director, who will be based in France.

Albin joins from Carrefour, the French food retailer, where he has been Chief Financial Officer for Carrefour France since November 2011. Since joining Carrefour in 1998 Albin has held a number of senior roles including Group Controller and Consolidation Director and Chief Financial Officer of Carrefour Poland. Prior to Carrefour he held a number of finance positions at Lyonnaise des Eaux, who he joined from auditors Arthur Andersen.

Albin is expected to join Darty in early 2015 and will join the Board. Dominic Platt will remain as Finance Director until the announcement of the Full Year Results in June 2015 to enable him to oversee the transition of various finance roles to France, when Albin will replace him as Finance Director.

Commenting on the appointment, Chairman Alan Parker said:

“I am delighted to welcome Albin to Darty as our new Finance Director. He brings with him a wealth of finance experience in European retail. The Board and I look forward to working with him on our ongoing plans to restore shareholder value by increasing profitability in our businesses from our market leadership and growth initiatives, and by improving efficiencies in the cost base.

“I would like to again thank Dominic for his significant contribution to the Group over the last five years. We wish him well in the future.”

Albin Jacquemont said:

“Darty is one of Europe’s leading specialist retailers and I am very pleased to be given the opportunity to join the Group. I am looking forward to working closely with Alan, Régis and all my new colleagues at Darty to build on its strong foundations as a leading multi-channel retailer.”

There is no further information to be disclosed on Albin Jacquemont under paragraph 9.6.13 of the Listing Rules of the UK Listing Authority.

Enquiries

Analysts:
Darty plc
Simon Ward +44 (0) 20 7269 1400

Media:

UK
RLM Finsbury
Jenny Davey +44 (0) 20 7251 3801

France
Le Public Système
Ségolène de Saint Martin +33 1 41 34 23 31

About Darty plc
Darty group is a leading multi-channel service led electrical retailer operating over 340 stores in three European countries. It generated an annual turnover of nearly €3.5 billion in 2013/14 through operations in Darty in France, Vanden Borre in Belgium and BCC in the Netherlands. Its ordinary shares are listed with the UK Listing Authority and trade on the market for listed securities on the London Stock Exchange under the symbol DRTY.L. It is also listed on the NYSE Euronext Paris.

For further information, please visit the company’s website, www.dartygroup.com.

Summary of Albin Jacquemont’s remuneration:

Albins’s remuneration package includes a basic salary of €360,000 per annum. He will be eligible to receive a discretionary and non-pensionable cash performance bonus up to a maximum of 100 per cent per annum. Any bonus earned will be paid as to 50 per cent in cash and 50 per cent in shares, with the vesting of shares to be deferred for a period of three years, and subject to claw back.

To compensate him for the loss of annual bonus directly as a result of leaving his current employer, he will receive a one off cash payment up to a maximum of €200,000, of which 50% will be invested in Darty shares. In addition a minimum personal shareholding is required to the equivalent of his base salary to be built up by the end of year three, including the value of any shares received from vested share awards.

Russian food retailer X5 Retail Group N.V. announces that Standard & Poor’s changed the Company’s outlook from stable to positive

Amsterdam, 2014-11-19 — /EPR Retail News/ — X5 Retail Group N.V. (“X5” or the “Company”), a leading Russian food retailer (LSE ticker: “FIVE”), announced today that Standard & Poor’s (“S&P”) has changed the Company’s outlook from stable to positive and affirmed X5’s long-term corporate rating at B+.

As stated in the rating agency’s press-release, “The rating actions reflect the group’s improved operating performance and credit metrics over the past few quarters. We think that the group should be able to sustain similar or stronger operating performance and credit measures over the next few quarters, despite ongoing difficult economic conditions in Russia.” S&P also noted that, “X5’s liquidity was adequate, as defined in our criteria, with sources comfortably covering uses, which is expected to continue due to the active refinancing of debt and keeping short-term maturities at manageable levels.”

The agency explained that the change in outlook to stable from positive was mainly prompted by its view that “The Company has adopted a more disciplined financial policy over the past four years, especially in terms of acquisitions, which, if continued, should support an upgrade.”

Note to Editors:
X5 Retail Group N.V. (LSE: FIVE, Moody’s – “B2”, S&P – “B+”) is a leading Russian food retailer. The Company operates several retail formats: the chain of economy class stores under the Pyaterochka brand, the supermarket chain under the Perekrestok brand, the hypermarket chain under the Karusel brand, Express convenience stores under various brands and the online retail channel under the E5.RU brand.

At 30 September 2014, X5 had 5,005 Company-operated stores. It has the leading market position in both Moscow and St. Petersburg and a significant presence in the European part of Russia. Its store base includes 4,342 Pyaterochka economy-class stores, 389 Perekrestok supermarkets, 81 Karusel hypermarkets and 193 Express stores. The Company operates 31 DCs and 1,528 Company-owned trucks across the Russian Federation.

For the full year 2013, revenue totaled RUB 534,560 mln, EBITDA reached RUB 38,350 mln, and net income amounted to RUB 10,984 mln. In 9M 2014, revenue totaled RUB 452,285 mln, EBITDA reached RUB 32,365 mln, and net income amounted to RUB 9,869 mln.

X5’s Shareholder structure is as follows: Alfa Group – 47.86%, founders of Pyaterochka – 14.43%, X5 Directors – 0.03%, treasury shares – 0.04%, free float – 37.64%.

Contact:
Gregory Madick
Executive IR Director
Tel.: +7 (495) 502-9783
e-mail: Gregory.Madick@x5.ru

Whole Foods Market® joins the Ottawa community with the opening of the Lansdowne Park store

New store is company’s first in Canada’s capital

Ottawa, 2014-11-19 — /EPR Retail News/ — Whole Foods Market® (Nasdaq: WFM) joined the Ottawa community with the opening of the Lansdowne Park store on Wednesday, Nov. 19 at 9 a.m. The natural and organic grocery, located at 951 Bank Street, will provide residents in and around the Glebe high-quality, great tasting products.

“The Ottawa community shares our passion for fresh, healthy and minimally processed foods that are responsibly sourced ”said Lisa Slater, the store’s team leader. “They have welcomed us with open arms into their community, and we can’t wait to begin serving them.”

On opening day, Whole Foods Market hosted its version of a ribbon cutting, called a bread-breaking ceremony, at 8:45 a.m., followed by food samplings, giveaways and entertainment. From fresh produce to specialty cheese, this store will have something for everyone.

Whole Foods Market’s strict quality standards for food prohibit artificial colours, flavours, sweeteners and preservatives. Products on the shelves are evaluated on ingredients, but also ideology, philosophy, proper labeling as part of a commitment made to customers to build a business with high standards.

Shoppers will delight in the bright and delicious mindfully grown produce. Whole Foods Market’s recently launched Responsibly Grown, a produce rating system that uses well-regarded scientific and expert industry input to rate produce and flowers as “good,” “better” or “best” by assessing growing practices that impact human health and the environment. This new system furthers Whole Foods Market’s commitment to providing healthy, fresh food with a focus on transparency and improving the agriculture industry.

This level of commitment and transparency extends into other departments.
• All beef, pork, chicken and turkey in the meat department comes from farms that have achieved certification in the Global Animal Partnership’s 5-StepTM Animal Welfare Rating program.
• The highest quality standards for seafood in the business by working with scientists, fishermen, government agencies and environmental organizations such as the Marine Stewardship Council to gather information about aquaculture and wild-capture fisheries, ensuring customers can make the best environmental choices when purchasing seafood.

These high standards are echoed in the prepared foods department with grab-and-go meals made with natural and organic ingredients. Shoppers can purchase an array of ready-made foods including oven-fired pizzas, tasty sandwiches, freshly made sushi, grab-and-go pastries, and a rotating menu of hot bar and salad bar offerings. Whole Foods Market Lansdowne Park also has an experienced catering department to help build delicious, high-quality menus for home and office entertaining.

Whole Foods Market’s dedication to quality and service extends beyond the brick and mortar of the store.

“Whole Foods Market is committed to the local communities in which we serve,” Slater said. “We’ve worked with local organizations long before we even had a store built and look forward to continuing supporting the community now that we have this beautiful location in the Lansdowne development.”

Over the past two years, Whole Foods Market met with local businesses and entrepreneurs to find the unique flavour that is Ottawa. The 12,400-square-meter (41,000-square-foot) store carries over 100 local products from 50 Ontario and Quebec suppliers such as Byson Farms, Coronation Hall Cider, La Fromagerie les Follies Bergeres, and Rochef Chocolatier. The store will create 150 full and part-time jobs.

The Whole Foods Market Lansdowne Park store will also empower team members and customers to support local causes. In celebration of opening week, the store will hold five “Days of Community Giving,” where 1 percent of each day’s net sales will go toward an Ottawa-based organization including Ottawa Network School Breakfast Club Program, Ecology Ottawa, The Distress Centre, The Youville Centre and Operation Come Home.

Whole Foods Market opened its first Canadian location in 2002 on Avenue Road in Toronto.  The new Lansdowne Park store is the company’s 10th Canadian location.

###

Whole Foods Market® joins the Ottawa community with the opening of the Lansdowne Park store

Whole Foods Market® joins the Ottawa community with the opening of the Lansdowne Park store

Whole Foods Market launches new specialty juice and smoothie bar in partnership with clean plant-based nutrition leader Vega

New specialty juice bar to open at Whole Foods Market Cambie

VANCOUVER, British Columbia, 2014-11-19 — /EPR Retail News/ — On Friday, Nov. 21, shoppers at Whole Foods Market’s Cambie store will get a first look and taste of Cambie Street Juice Co., a new specialty juice and smoothie bar. Whole Foods Market is proudly launching the juice bar in partnership with Vancouver-based Vega, a leader in clean, plant-based nutrition.

Cambie Street Juice Co., located on the first level of the store, will be open during regular store hours: 7 a.m. to 10 p.m. daily. The new venue will offer a robust selection of fresh Whole Foods Market juices and original smoothies, in addition to a separate menu of Vega smoothies inspired by local BC destinations, including:

• Juan de Fuca Smoothie – orange juice, mango, pineapple, cayenne, Vega One Natural flavour ($8)
• Happy Berry Smoothie – almond milk, strawberries, blueberries, beets, Vega One French Vanilla flavour ($8)
• Grassy Jack Smoothie – almond milk, apples, pineapple, beets, ginger, lemon juice, Vega One French Vanilla ($9)
• Stanley Park Smoothie – almond milk, banana, spinach, golden flaxseed, Vega Chlorella, Vega One French Vanilla ($8)
• C-Wall Smoothie – orange juice, pineapple, strawberry, ginger, mint, Vega One Natural flavour ($8)
• North Shore Smoothie – coconut milk, almond milk, banana, almond butter, coconut, Vega One Chocolate flavour ($9)
• Vega Seasonal Apple Pie Smoothie – almond milk, apple, almond butter, nutmeg, cinnamon, ice, Vega One French Vanilla flavour ($9)

Customers can also purchase wheatgrass and wellness shots, as well as choose from a variety of boosts to add to their smoothies.

The Cambie St. Juice Co. Grand Opening celebration kicks off at 7:45 a.m. on Friday, Nov. 21. All are welcome. At the Opening, guests are invited to shop the new Cambie St. Juice Co., enjoy smoothie and juice samples and enter to win free smoothies.

“Throughout our store, we look for ways to satisfy, delight and nourish our shoppers,” said Grant Daisley, Whole Foods Market’s Pacific Northwest associate marketing coordinator. “The new Cambie Street Juice Co. lets us do all of those at once. And Vega is a wonderful partner for Whole Foods Market because both companies place great value on inspiring people to make choices every day to support better personal health.”

”We are thrilled to be partnering with Whole Foods Market to bring Vancouver a leading juice and smoothie bar in Vega’s own backyard,” said Ashley Meston, Vega’s director of trade marketing. “The Cambie Street Juice Co. really celebrates and embodies what both Whole Foods and Vega look to bring our consumers every day–equally delicious and clean, whole food nutrition.”

For more information on Whole Foods Market, please visit: wholefoodsmarket.com. To learn more about Vega, visit: www.myvega.com.

###

Apple announced the availability of WatchKit software for developers to start creating apps specifically for Apple Watch

WatchKit Software Tools Now Available to Developers

CUPERTINO, California, 2014-11-19 — /EPR Retail News/ — Apple® today announced the availability of WatchKit, software that gives developers a set of tools to easily create experiences designed specifically for Apple Watch™—Apple’s most personal device ever. Apple has the world’s most vibrant and innovative developer community, and now these developers can begin developing WatchKit apps before Apple Watch becomes available. Developers can create innovative WatchKit apps, actionable notifications and Glances, for timely information accessible by an easy, quick look at Apple Watch.

“Apple Watch is our most personal device ever, and WatchKit provides the incredible iOS developer community with the tools they need to create exciting new experiences right on your wrist,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “With the iOS 8.2 beta SDK, developers can now start using WatchKit to create breakthrough new apps, Glances and actionable notifications designed for the innovative Apple Watch interface and work with new technologies such as Force Touch, Digital Crown and Taptic Engine.”

Developers can create notifications that allow users to take action or respond right from their wrist such as turning the lights off after they’ve left the house, quickly accessing flight details at the airport, and rerouting their transit when a train or bus is late. Developers can incorporate Glances, which quickly show users information they care about most, such as the latest news and sports scores, alarm system status or the next step of a favorite recipe.

Developers who have previewed the WatchKit tools and APIs are eager to start building on the personal and immediate experiences Apple Watch will offer users.*

“Fans crave real-time and personal information, and the ESPN app for Apple Watch gives us the ability to deliver live scores and information for their favorite teams,” said John Kosner, executive vice president of Digital and Print Media, ESPN. “Glances provide fans with a snapshot of live games, and if there is no game taking place, they’ll get valuable game-time information or the final box score. With actionable notifications, the experience becomes even more personal, as fans receive alerts on score changes, news and more.”

“Apple Watch allows us to make the Instagram experience even more intimate and in the moment,” says Kevin Systrom, co-founder and CEO of Instagram. “With actionable notifications you can see and instantly like a photo or react with an emoji. The Instagram news and watch list allows you to see your friends’ latest photos, follow new accounts and get a real-time view of your likes and comments.”

“The American Airlines app on Apple Watch reminds you when it’s time to head to the airport via pre-trip notifications, and provides updates for gate changes, connecting gate info upon arrival, and will notify you when boarding begins if you’re not at the gate yet,” said John Gustafson, American Airlines vice president of Digital. “Travelers can also ask ‘Where am I?’ in-flight and get real-time location information at 30,000 ft.”

The iOS 8.2 SDK beta including WatchKit is available immediately for iOS Developer Program members at developer.apple.com/watchkit. The WatchKit site includes programming guides, human interface guidelines, templates and more. Starting later next year, developers will be able to create fully native apps for Apple Watch.

* App features are subject to change and may not be available in all regions or all languages. Apple Watch requires iPhone 5 or later.

Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.

Press Contacts:
Trudy Muller
Apple
tmuller@apple.com
(408) 862-7426

Amy Bessette
Apple
abessette@apple.com
(408) 862-8012

Apple, the Apple logo, Mac, Mac OS, Macintosh and Apple Watch are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

Apple Media Helpline (408) 974-2042 media.help@apple.com

Meijer Share the Smiles campaign donates up to $400,000 to children’s gift-giving programs throughout the Midwest

Retailer aims to make holiday season bright for hundreds of kids

GRAND RAPIDS, Mich., 2014-11-19 — /EPR Retail News/ — Meijer is spreading holiday cheer this season by once again donating a portion of customer purchases made in the toy department, up to $400,000, to children’s gift-giving programs throughout the Midwest.

“Meijer wants to help make the holidays happier for hundreds of children, because every child deserves to experience the joy of unwrapping a toy,” said Dan Myers, divisional merchandise manager of toys for Meijer. “We know how much value our customers place on sharing their good fortune, and we believe the Share the Smiles campaign will create lasting memories for children in need.”

Purchases made on nearly 300 toys – represented by 38 national brands like Fisher-Price, Barbie, Lego and Nerf – will count toward increasing the donation, up to $400,000, to children’s gift-giving programs within the retailer’s five-state footprint of Michigan, Ohio, Indiana, Illinois and Kentucky. Meijer will select the programs to ensure that the donations remain in the communities it serves.

The Meijer Share the Smiles campaign runs through Dec. 19 and will feature some of the hottest toys of the season geared at children ages 6 months and older, including:

  • Zoomer Dino
  • Hot Wheels Flying Car
  • SYMA Sky Thunder Lighting Helicopter
  • Air Hogs Vectron Wave

“Meijer was built on a fundamental philosophy of supporting the communities where our customers and team members work and live, which is why we donate more than 6 percent of our net profit to charities each year,” Myers said. “Our ultimate goal this holiday season is to help our customers save money while still enjoying the tradition of gift giving whether those gifts are for loved ones or for children in their community who might otherwise go without.”

About Meijer
Meijer is a Grand Rapids, Mich.-based retailer that operates 213 supercenters and grocery stores throughout Michigan, Ohio, Indiana, Illinois and Kentucky. As a pioneer of the “one-stop shopping” concept, Meijer stores have evolved through the years to include expanded fresh produce and meat departments, as well as pharmacies, comprehensive apparel departments, garden centers and electronics offerings. For additional information on Meijer, please visit www.meijer.com. Follow Meijer on Twitter @twitter.com/Meijer and @twitter.com/MeijerPR or become a fan at www.facebook.com/meijer.

Contact: Christina Fecher, 616-735-7968, christina.fecher@meijer.com

###

Meijer Share the Smiles campaign donates up to $400,000 to children’s gift-giving programs throughout the Midwest

Wincor Nixdorf to provide information on wide range of topics relevant to branch transformation at Branch Transformation 2014 conference in London, December 2 to 3, 2014

Paderborn, Germany, 2014-11-19 — /EPR Retail News/ — Retail bank experts from Wincor Nixdorf will discuss new solutions for branch transformation at a specialist conference in London early next month.

Branch Transformation 2014 is an exclusive, invitation-only conference hosted by Retail Banking Research (RBR) for around 300 bank executives responsible for developing future branch formats and processes. The event, from December 2 to 3, 2014, at Park Plaza in London, will also include presentations by industry suppliers, such as Wincor Nixdorf, which will also use the event to meet new business contacts face-to-face and strengthen existing customer relationships.

At the conference, Wincor Nixdorf will provide information on a wide range of topics relevant to branch transformation. For banks, this transformation is a journey that leads to operational improvement and for customers an enhanced experience.

Highlights presented by Wincor Nixdorf:

•Various branch designs for diversified branch models
•New multifunctional assisted Self-Service devices and tablet-based solutions
•Cardless Cash enabled by smartphones and new contactless ATMs
•Management of branches and the entire ATM fleet

At the branch network level, Wincor Nixdorf helps banks to establish a more diversified strategy. The goal is to take the retail banks away from the traditional branch distribution approach – the “one size fits all” that creates inefficiencies – and move them to a more scalable and targeted network, with far more touchpoints through a combination of different branch formats.

Full teller services, integrated into the self-service channel, enable cashless branches and cardless transactions – Wincor Nixdorf offers a wide range of assisted Self-Service solutions. If access to personal services was once limited to branch opening hours, Wincor Nixdorf assisted Self-Service technology and video teller solutions now offer 24/7 availability to overcome that restriction. Whether in a manned branch or a completely self-service location, customers can access assistance at any time.

Via mobile devices, branch employees are now able to access all necessary information about customers, the transactions they wish to make and the ATMs they are using, all of which enables close interaction. Wincor Nixdorf’s tablet-based assisted self-service solutions speed up the transformation of a transaction-based branch culture into one driven by service and sales. Customers benefit from faster, more convenient transactions, and a more tailored and relevant face-to-face experience.

In addition Wincor Nixdorf experts are available in major markets around the world to provide commercial and organizational guidance as well as process expertise to support branch-transformation programs.

###

Co-operative invested £1.2m in St Columb’s Co-operative Food Stores to transform the shopping experience for the community

MANCHESTER, 2014-11-19 — /EPR Retail News/ — Improvements are in-store at The Co-operative Food in the St Columb area of Cornwall following a £1.2m investment in its three stores to transform the shopping experience for the community.

The store in St Columb Road was the latest to re-open when the ribbon was cut earlier this month (November) following a near £425,000 transformation, it was the third of three Co-operative food stores in the St Columb area to benefit from the combined £1.2m investment.

Its store in Church Street, St Columb Minor re-opened at the end of last month (October), while its store in Fore Street, St Columb Major, re-launched in September. All three have been redefined with a new format including an enhanced bakery range, and a focus on fresh, healthy foods, meal ideas and essentials.

Each store will also pioneer a new role, known as a Community Pioneer, where a member of the food store team will also work to foster involvement in community activities, from local fundraising initiatives to helping to understand and develop solutions to meet community needs.

Martin Trethewey, Operations Manager for The Co-operative Food in the area, said:

“We are thrilled to have made such a significant investment in our stores in the St Columb area, and delighted that we now have three fantastic new-look food stores with which to serve these communities – it is an exciting time for the whole team.“The Co-operative is a community retailer, and we are committed to playing an active role in local life, embracing the area’s community spirit. The stores will be a hub for the local community, and customers will be able to find out what is going on locally, and learn about how The Co-operative can benefit local groups.“With the combination of our redefined stores, innovations in our own-brand ‘Loved by us’ range, and The Co-operative’s commitment to lowering prices on hundreds of everyday essentials under its ‘Fair and square’ prices banner, I am confident we will provide the community with everything needed to pick-up delicious food conveniently and create inspirational and tasty meals at home.”

Notes to Editors:

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 further information please contact

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

New World Howickis supermarket to open on Tuesday 2 December at 8.15am

New World Howickis completing its finishing touches, as the eagerly anticipated supermarket gets ready to open on Tuesday 2 December at 8.15am.

North Island, New Zealand, 2014-11-19 — /EPR Retail News/ — “We are thrilled to bring New World back to the Howick community,” says Angela Bull, Foodstuffs North Island General Manager, Property Development.  “We have had incredible support and interest from the Howick community from when New World was first announced, and we are excited to be able to open the doors to the 3,484sqm modern New World for our customers to enjoy.  With 161 car parks, and access from both Union Road and Wellington Street, the supermarket will allow our customers to do all their grocery shopping in a modern and convenient environment.”

Brendon Jones, owner-operator of New World Howick is looking forward to opening the new supermarket.

“I can’t wait to open the doors to our new store and bring the New World experience to Howick giving our customers more supermarket choice and competition.  The store looks fantastic, with plenty of car parking and easy access.  We’ll have wide aisles, lots of exciting fresh food and grocery products, and all the great prices and personal service our customers have come to enjoy shopping at New World,” says Jones.

The new supermarket will create 120 new jobs in the community.

The supermarket, located at the corner of Union Road and Wellington Street in Howick, will be officially opened on Tuesday 2 December 2014 at 8.15am by Mayor of Auckland Len Brown.  Members of the public are welcome to attend the opening and be amongst the first people to shop at New World Howick.

—- ENDS —-