Rite Aid Corporation announces sales results for November 2014

CAMP HILL, Pa., 2014-12-4 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD) today announced sales results for November.

Monthly Sales

For the five weeks ended Nov. 29, 2014, same store sales increased 5.1 percent over the prior-year period. November front-end same store sales increased 0.7 percent. Pharmacy same store sales, which included an approximate 232 basis points negative impact from new generic introductions, increased 7.1 percent. Prescription count at comparable stores increased 4.2 percent over the prior-year period.

Total drugstore sales for the five-week period increased 5.6 percent to $2.571 billion compared to $2.434 billion for the same period last year. Prescription sales accounted for 69.7 percent of drugstore sales, and third party prescription sales represented 97.6 percent of pharmacy sales.

Quarterly Sales

Same store sales for the 13-week period ended Nov. 29, 2014 increased 5.4 percent over the prior-year period. Front-end same store sales increased 1.6 percent while pharmacy same store sales increased 7.2 percent. Prescription count at comparable stores increased 4.5 percent over the prior-year period.

Total drugstore sales for the 13 weeks ended Nov. 29, 2014 increased 5.1 percent with sales of $6.651 billion compared to $6.330 billion for the same period last year. Prescription sales represented 69.8 percent of total drugstore sales, and third party prescription sales represented 97.6 percent of pharmacy sales.

Year-to-Date

Same store sales for the 39-week period ended Nov. 29, 2014 increased 4.2 percent over the prior-year period. Front-end same store sales increased 0.9 percent while pharmacy same store sales increased 5.8 percent. Prescription count at comparable stores increased 3.5 percent over the prior-year period.

Total drugstore sales for the 39 weeks ended Nov. 29, 2014 increased 3.8 percent with sales of $19.553 billion compared to $18.844 billion for the same period last year. Prescription sales represented 69.0 percent of total drugstore sales, and third party prescription sales represented 97.5 percent of pharmacy sales.

Rite Aid is one of the nation’s largest drugstore chains. On Nov. 29, 2014, the company operated 4,572 stores compared to 4,595 stores in the like period a year ago. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at http://www.riteaid.com. Note that all sales data in this release is preliminary, unaudited and subject to revision.

Statements in this release that are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties that are described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K and in other documents that we file or furnish with the Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Rite Aid expressly disclaims any current intention to update publicly any forward-looking statement after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

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Contact:

Investors: Matt Schroeder 717-214-8867 or investor@riteaid.com

Media: Susan Henderson 717-730-7766

Rite Aid reduces the price of flu shots by $5 in support of National Influenza Vaccination Week

Centers for Disease Control and Prevention Reports Early Signs of Increased Flu Activity, Expects Further Increases in Coming Weeks

CAMP HILL, Pa., 2014-12-4 — /EPR Retail News/ — In support of National Influenza Vaccination Week, Rite Aid is reducing the price of flu shots by $5 to encourage people who have not yet received their annual flu shot to get vaccinated. From now through December 13, flu shots will be available from Rite Aid certified immunizing pharmacists at Rite Aid pharmacies nationwide at a reduced price of only $26.99*, subject to state regulations. Flu shots are covered by most insurance plans, including Medicare Part B.

“With flu activity expected to increase over the next several weeks, it’s important for people to know that it’s not too late to get a flu shot,” said Robert Thompson, Rite Aid executive vice president of pharmacy. “We are encouraging our customers who haven’t done so already to visit their local Rite Aid and conveniently get vaccinated against the flu during National Influenza Vaccination Week.”

Created by the Centers for Disease Control and Prevention (CDC) in 2005, National Influenza Vaccination Week (NIVW) is a national observance that was established to highlight the importance of continuing influenza vaccination, as well as fostering greater use of flu vaccine after the holiday season into January and beyond.

The CDC recommends a yearly flu vaccine for everyone 6 months of age and older as the first and most important step in protecting against this serious disease. Flu symptoms include cough, sore throat, fever, muscle aches, headaches, fatigue and running nose. Additional information about the upcoming flu season can be found at www.cdc.gov.

Last month, Rite Aid launched Vaccine Central, an assessment tool where visitors can complete an immunization evaluation, track their personal immunization history and find other educational resources on immunizations available at Rite Aid. Rite Aid pharmacists are also able to administer vaccinations for 12 other diseases, such as pertussis (whooping cough), shingles and pneumonia, subject to state regulations. To learn more about Vaccine Central, visit www.riteaid.com/vaccinecentral.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2014 annual revenues of $25.5 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

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 *Vaccines available while supplies last. Age restrictions apply in some states. See pharmacist for details. Discount applies to standard trivalent flu shot only thru 12/13/14.

Contact:

Media: Kristin Kellum 717-975-5713

BRC-NIELSEN SHOP PRICE INDEX NOVEMBER 2014: Overall shop prices reported deflation for the nineteenth consecutive month, unchanged at 1.9% in November

LONDON, 2014-12-4 — /EPR Retail News/ — Food reported annual deflation for the first time since the series began in December 2006, falling 0.2% in November.

Both the fresh and ambient food categories reported annual deflation, falling 0.3% and 0.2% respectively.

Non-food deflation slowed marginally to 2.9% in November from 3.1% in October.

Helen Dickinson, British Retail Consortium Director General, said “Food prices were deflationary in November – the first time since our records began in December 2006. Non-food prices also fell, compared with last year, meaning overall shop prices have been deflationary for nineteen consecutive months. November equalled the record low deflation of 1.9% reported in July 2014.

“We also saw the first rise in real incomes for over five years. Downward pressure from falling shop prices pushed the overall rate of inflation in the economy below the rise in average wages. With the recovery in the labour market robust, the outlook for further rises in real incomes looks positive.

“Falling commodity prices, particularly oil, suggests the outlook for inflation remains benign. The price of oil, a near five year low, has a significant impact on the costs of producing food, impacting everything from the cost of feed to transport. Given the intensity of competition in the food sector, these savings have been passed on to consumers in the form of lower prices. The strong Pound has also helped keep prices low as imports are now cheaper and it’s worth remembering that the UK gets roughly a quarter of its food beyond its shores.

“At the same time, we’re seeing the big supermarkets investing in price cuts worth millions of pounds during a hugely competitive period in the food market. With food prices down, wages up, a highly competitive market keeping inflation low; and Christmas around the corner, there are plenty of good reasons to assume a strong trading period lies just head of us”.

Mike Watkins, Head of Retailer and Business Insight, Nielsen, said: ” It’s been another slow start to Christmas trading and momentum on the high street has been reliant on retailers promoting and running ‘discount days’ to drive shoppers into store. With little inflationary pressure we anticipate the good festive deals to continue and the savvy Christmas shopper can expect some very competitive prices across food retailers, in particular for fresh and seasonal foods, where some prices are lower than last year.”

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

TAU Investment Management and Gap Inc. announce partnership to promote best-in-class innovations and support the development of more sustainable garment factories across Southeast Asia

Global, Iconic American Company to Become TAU’s First Anchor Brand

New York/San Francisco, 2014-12-4 — /EPR Retail News/ — Today TAU Investment Management and Gap Inc. announced a partnership to promote best-in-class innovations and support the development of more sustainable, efficient and improved garment factories and mills across Southeast Asia.

The launch of this corporate partnership highlights Gap Inc.’s continued commitment to innovation in its global supply chain, and underscores TAU’s investment model as a means of transforming the global garment industry. The partnership also establishes Gap Inc. as the first anchor brand within TAU’s strategic network of apparel and other corporate relationships.

Gap Inc. continues to build upon its long history of helping to improve and enhance the lives of garment workers.  More than twenty years ago, Gap Inc. issued one of the industry’s first supplier guidelines, and served as a founding member company to the International Labour Organization’s Better Factories program.

On the partnership, Oliver Niedermaier, CEO of TAU Investment Management stated, “We are proud to begin a working relationship with Gap Inc. that enhances our shared values of worker rights and environmental standards. We look forward to a fruitful and ongoing partnership.”

“We invest in initiatives that will be transformative for our industry, our business and the people our business touches. Our legacy of commitment to sustainability, doing business responsibly, and improving conditions for factory workers is intrinsically part of that transformation. The partnership with TAU Investment will further accelerate positive change within our supply chain,” said Sonia Syngal, Executive Vice President of Global Supply Chain at Gap Inc.

TAU will treat suppliers referred by Gap Inc. as a priority for review in its deal pipeline, and Gap Inc. will consider TAU’s future-transformed factories for inclusion among its preferred suppliers.

For more information about TAU Investment Management, please visit

www.tau-investment.com.

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

About TAU Investment Management
TAU Investment Management is a private equity firm established to transform global supply chains. TAU aims to use capitalist solutions to solve capitalism’s worst failures – the undervaluation of human and natural resources. TAU is currently focused on the garment sector in South and Southeast Asia.

The Home Depot to purchase substantially all of the assets of HD Supply Hardware Solutions

ATLANTA, 2014-12-4 — /EPR Retail News/ — HD Supply (NASDAQ: HDS) and The Home Depot® (NYSE: HD) today announced they have entered into an agreement for The Home Depot to purchase substantially all of the assets of HD Supply Hardware Solutions, formerly known as Crown Bolt, a leading supplier of fasteners and builders hardware to retailers in the United States. Terms of the deal were not disclosed. The transaction is expected to close by the end of fiscal year 2014 subject to obtaining customary regulatory approvals.

“After a detailed evaluation, we determined that selling our Hardware Solutions business is in the best interests of our associates and HD Supply shareholders,” said Joe DeAngelo, CEO of HD Supply. “HD Supply Hardware Solutions and The Home Depot have a long-standing and natural partnership. The Home Depot is Hardware Solutions’ largest customer and accounts for approximately 98 percent of its annual sales.”

HD Supply Hardware Solutions was The Home Depot’s 2013 Hardware Vendor of the Year, recognized for providing top-notch service and quality to The Home Depot stores.

“Our companies have had a long-standing relationship,” said Craig Menear, CEO and president, The Home Depot. “By formally bringing the business into The Home Depot family, we expect to further enhance our supply chain capabilities and hardware product offerings.”

About HD Supply:
HD Supply (www.hdsupply.com) is one of the largest industrial distributors in North America. The company provides a broad range of products and value-add services to approximately 500,000 customers with leadership positions in maintenance, repair and operations, infrastructure and power and specialty construction sectors. Through approximately 650 locations across 48 states and seven Canadian provinces, the company’s approximately 16,000 associates provide localized, customer-driven services including jobsite delivery, will call or direct-ship options, diversified logistics and innovative solutions that contribute to its customers’ success.

About The Home Depot:
The Home Depot is the world’s largest home improvement specialty retailer, with 2,269 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2013, The Home Depot had sales of $78.8 billion and earnings of $5.4 billion. The company employs more than 300,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Forward-Looking Statements
Certain statements contained in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, including, among others, statements regarding the anticipated acquisition of HD Supply Hardware Solutions by The Home Depot, are forward-looking statements. Those statements include statements regarding the intent, belief or current expectations of HD Supply Hardware Solutions and The Home Depot and members of their respective management teams, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as “may,” “will,” “seeks,” “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “should” or similar expressions. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that actual results may differ materially from those contemplated by such forward-looking statements. Many of these factors are beyond HD Supply’s and The Home Depot’s ability to control or predict. Such factors include, but are not limited to, any conditions imposed in connection with the acquisition, the satisfaction of various other conditions to the closing of the acquisition contemplated by the purchase agreement, and other factors discussed in HD Supply’s Annual Report on Form 10-K, as amended, for the fiscal year ended February 2, 2014, The Home Depot’s Quarterly Report on Form 10-Q for the quarterly period ended November 2, 2014, and their other respective filings with the Securities and Exchange Commission. These risks and uncertainties should be considered in evaluating any forward-looking statements contained herein.

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For more information, contact:
Financial Community

Chris Kelley
Vice President of Investor Relations – HD Supply
770-852-9100
InvestorRelations@hdsupply.com

Diane Dayhoff
Vice President of Investor Relations – The Home Depot Corporate
770-384-2666
diane_dayhoff@homedepot.com

News Media
Quiana Pinckney
Public Relations – HD Supply
770-852-9057
Quiana.Pinckney@hdsupply.com

Paula Drake
Communications – The Home Depot
770-384-3439
paula_drake@homedepot.com

 

 

 

 

IKEA US to thank its over 14,000 co-workers twice this holiday season

IKEA contributes $2530 into every US full time co-worker’s Tack Retirement Fund – And also gives an UP™ Activity-Tracking Wristband

Conshohocken, PA, 2014-12-4 — /EPR Retail News/ — Over 14,000 IKEA co-workers found out this week that IKEA is thanking them twice this holiday season. For full time co-workers, a $2530* contribution has been made into their Tack retirement fund, and additionally each co-worker received an UP™ Activity-Tracking Wristband. It’s a double holiday surprise; one for a healthier today and the other for a better prepared tomorrow.

“We are now celebrating the first annual Tack allocation to our co-workers’ retirement fund. Tack – was inspired by founder, Ingvar Kamprad, who wanted to share the success of the IKEA Group with all IKEA co-workers. We believe that no matter what position our co-workers might have, each and every one is important and contributes to our continued growth,” commented Rob Olson, acting IKEA President and CFO. “And the Up activity-tracking wristband was our US thank you gift to help co-workers be fit today for a healthy tomorrow,” added Olson.

Last December, IKEA announced they were creating a new program called ‘Tack’ – Swedish for “thank you.” This program is designed to show appreciation and gratitude for co-workers’ loyalty and contribution to the success of IKEA with an annual contribution to an individual retirement plan – assuming that pre-agreed global targets are reached.

Tack started with an initial funding from the IKEA Group of $124 million ** (€100 million). For FY 14, the IKEA Group also invested an additional $124 million, which brings the current investment total to $248 million (€ 200 million).

Tack and the performance driven One IKEA Bonus program cover all IKEA Group co-workers. Together with the base salary, they form a strong compensation offer. In addition to Tack, IKEA offers an employer-matched contribution to a 401(k) plan; IKEA matches 100% of the first 4% of co-workers’ salary contributed, and 50% of the next 2%. And in January, IKEA US will implement a new minimum hourly wage structure, which will result in hourly increases for over 50 % of IKEA US co-workers.

The UP™ activity-tracking wristband is a system, wristband, and iPhone® app that tracks how you sleep, move and eat so you can know yourself better, make smarter choices, and feel your best. IKEA US has also gifted its coworkers in the past holiday seasons with a new bike, soda stream and other gifts throughout the years.

*The total Tack! funding is divided between all IKEA Group countries, based on each country’s proportion of the total salary and wages. For each completed full financial year of employment, an individual amount will be set aside for each co-worker as an allocation. After the completion of three consecutive financial years of employment the co-worker is qualified to receive the allocations as a contribution to the pension plan.

** Euro to dollar conversion 12/2 = $1.24 to euro

About IKEA
The IKEA vision is to create a better everyday life for the many people. Our business idea supports this vision by offering a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them. The IKEA Group currently has 315 stores in 27 countries. There are 40 IKEA stores in the United States. In FY14, the IKEA Group had 716 million visitors to the stores and 1.5 billion visitors to IKEA.com. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information, visit IKEA-USA.com, facebook.com/IKEAUSA, @IKEAUSANews, @IKEAUSA, http://pinterest.com/IKEAUSA/, www.youtube.com/IKEAUSA, www.theshare-space.com, www.theshare-space.com/en/Blog

Contact: Mona Astra Liss ~ IKEA US Corporate PR Director
Mona.Liss@IKEA.com ~ 610.834.0180, ext. 5852

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Alliance Boots announces that it has completed the acquisition of 12% stake in Nanjing Pharmaceutical Company Limited in China

Nottingham, UK, 2014-12-4 — /EPR Retail News/ — Alliance Boots today announces that it has completed the acquisition of a 12% stake in Nanjing Pharmaceutical Company Limited.

The completion follows receipt of government and regulatory approvals. As a result of the investment, Alliance Boots becomes the second largest shareholder of the company with the right to nominate Board members and a member of the senior management.

In September 2012, Alliance Boots announced its intention to invest in Nanjing Pharmaceutical Company Limited through a private placement, for a total consideration of approximately £56 million (RMB560 million).

Alliance Boots first entered the Chinese market in 2008 through its joint venture, Guangzhou Pharmaceuticals Corporation, which operates in complementary geographies and continues its successful development.

ENDS

Notes to editors:

About Nanjing Pharmaceutical Company Limited
Nanjing Pharmaceutical Company Limited is the seventh largest pharmaceutical wholesaler in China. It specialises in pharmaceutical wholesaling and distribution, with an additional network of nearly 300 branded community pharmacies. In recent years, it has focussed on the operation of in-hospital pharmacies with innovative services and supply chain solutions. The company operates primarily in East and Southeast China, with regional coverage including Jiangsu, Anhui and Fujian, as well as several central provinces.

At November 2014, Nanjing Pharmaceutical Company Limited employed more than 5,000 people. Its revenue in 2013 was around £2 billion (RMB20 billion). The company has been listed on the Shanghai Stock Exchange since 1996, when it was the first ever pharmaceutical wholesaler in China to become public.

About Alliance Boots
Alliance Boots is a leading international pharmacy-led health and beauty group delivering a range of products and services to customers. Working in close partnership with manufacturers and pharmacists, we are committed to improving health in the local communities we serve and helping our customers and patients to look and feel their best. Our focus is on growing our two core business activities of: pharmacy-led health and beauty retailing and pharmaceutical wholesaling and distribution, while increasingly developing and internationalising our product brands.

Alliance Boots has a presence in more than 27* countries and employs over 120,000* people. We have pharmacy-led health and beauty retail businesses in 11* countries and operate more than 4,600* health and beauty retail stores, of which more than 4,450* have a pharmacy, with a fast growing online presence. In addition, Alliance Boots has around 600* optical practices, of which around 180* operate on a franchise basis, and hearingcare services in around 430* locations. Our pharmaceutical wholesale businesses deliver over 4.5* billion units each year to more than 180,000* pharmacies, doctors, health centres and hospitals from over 370* distribution centres in 20* countries.

In June 2012, Alliance Boots announced that it had entered into a strategic partnership with Walgreen Co. (Walgreens), the largest drugstore chain in the US. In August 2014, Alliance Boots and Walgreens communicated that they plan to merge in the first quarter of calendar 2015 to create the first global pharmacy-led, health and wellbeing enterprise, which will be named Walgreens Boots Alliance.

* Figures are approximations as at 31 March 2014, with the addition of Farmacias Ahumada data at the date of its acquisition on 11 August 2014, and include associates and joint ventures.

For further information, please contact:

Media relations:

Yves Romestan/Laura Vergani/Katie Johnson/Julie Longton, Alliance Boots: +44 (0)207 980 8585
James Murgatroyd/Claire Scicluna, RLM Finsbury: +44 (0)207 251 3801

Investor relations:

Gerald Gradwell, Alliance Boots: +44 (0)207 980 8527 (UK)/+1 646 688 1336 (US)

Starbucks introduces Mobile Order & Pay in Portland, Oregon and nationally beginning in 2015

Portland, Oregon, 2014-12-4 — /EPR Retail News/ — Starbucks launched Mobile Order & Pay in Portland, Oregon (December 3, 2014) and expects to introduce this feature nationally beginning in 2015.

Mobile Order & Pay allows customers to place orders in advance of their visit and pick them up at their chosen Starbucks® store. The mobile ordering experience is seamlessly integrated into Starbucks world-class mobile app and My Starbucks Rewards® loyalty program. Mobile Order & Pay is available for customers using a Starbucks® app for iPhone® (version 3.2)* in markets where the feature is available.

Store locations appear based on the GPS functionality of a customer’s iPhone®. Upon first use, customers will be asked to accept location services allowing Starbucks to identify the nearest location offering Mobile Order & Pay. If customers choose not to accept location services, they will not be able to use the Mobile Order & Pay feature but will have access to the Starbucks® Mobile Menu.

How Mobile Order & Pay works

To use Mobile Order & Pay, customers may:

1. Click on the “Order” option at the top right of the screen

2. Select the food and beverage items to order: Just as in-stores, beverages are customizable, including the option to modify size, number of espresso shots, dairy selections and more.

3. Select the participating store for pick up: Approximate wait times will be viewable on the customer’s phone prior to selecting store location. Directions will also be available if needed.

4. Confirm by clicking “order:” At the time of order, payment is made from the customer’s registered Starbucks Card.

5. Proceed to the selected Starbucks® store to pick up food and beverages: Orders are immediately sent to the selected store where Starbucks partners (baristas) will begin preparing the items.

*This feature will be available for customers using the Starbucks® app for Android™ in 2015 as national rollout of mobile ordering continues.

Additional Media images and b-roll

About Starbucks
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at www.starbucks.com.

For more information on this news release, contact us.

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Starbucks introduces Mobile Order & Pay in Portland, Oregon and nationally beginning in 2015

Starbucks introduces Mobile Order & Pay in Portland, Oregon and nationally beginning in 2015

Starbucks Coffee Company details five-year strategic growth plan at its biennial Investor Day

  • Company Forecasts Continued Strong Growth and Plans to Launch Mobile Order & Pay and Delivery in the U.S.
  • Identifies High-Value Opportunities in China, India, Japan and Brazil
  • Projects Revenues to Approach $30 Billion in FY2019, up from $16 Billion in FY2014
  • Announces Transformational Innovations to Extend Starbucks Global Leadership in Coffee, Tea, Retail Store and Partner Experience
  • Elevates and Redefines the Premium Coffee Experience with the Debut of the World’s First, Immersive Starbucks Reserve®  Roastery and Tasting Room in Seattle

SEATTLE, 2014-12-4 — /EPR Retail News/ — Starbucks Coffee Company (NASDAQ: SBUX) chairman, president and chief executive officer Howard Schultz and other company leaders will detail Starbucks five-year strategic growth plan today at its biennial Investor Day, hosted at the company’s Support Center in Seattle for the first time in a decade.

“The seismic shift in consumer behavior underway presents tremendous opportunity for businesses the world over that are prepared and positioned to seize it,” Schultz said. “Over the next five years, Starbucks will continue to lean into this new era by innovating in transformational ways across coffee, tea and retail, elevating our customer and partner experiences, continuing to extend our leadership position in digital and mobile technologies, and unlocking new markets, channels and formats around the world. Investing in our coffee, our people and the communities we serve will remain at our core as we continue to redefine the role and responsibility of a public company in today’s disruptive global consumer, economic and retail environments.”

“Starbucks business, operations and growth trajectory around the world have never been stronger, and we are more confident than ever in our ability to continue to drive significant growth and meet our long term financial targets,” said Troy Alstead, Starbucks chief operating officer. “We have more customers visiting more stores more frequently, both in the U.S. and around the world, than at any time in our history. And we expect both the number of customers visiting our stores and the amount they spend with us to accelerate in the years ahead.  With a robust pipeline of mobile commerce innovations that will drive transactions and unprecedented speed of service, Starbucks is ushering in a new era of customer convenience. We believe the runway of opportunity for Starbucks inside and outside of our stores is both vast and unmatched by any other retailer on the planet.”

Coffee and Tea Leadership

Starbucks Investor Day is being hosted on the eve of the grand opening of the first-of-its-kind Starbucks Reserve®  Roastery and Tasting Room.  Located on Pike Street in Seattle just a few blocks from the company’s iconic first retail store, the 15,000 square foot Starbucks Reserve®  Roastery and Tasting Room is an interactive coffee and dining venue that redefines delivery of an immersive brand experience.  Moreover, the additional small batch roasting capacity afforded by the new Roastery will enable Starbucks to expand availability of its super-premium, micro-lot Starbucks Reserve® Coffee to 1,500 locations globally, and to support the launch of Starbucks new Starbucks Reserve® brand and the opening of the first 100 dedicated Starbucks Reserve stores.

Building on Starbucks 43-year tea heritage and its acquisition of Teavana two years ago, Starbucks is reinventing the $109 billion global tea category, just as it did the coffee category more than 40 years ago. The new Teavana® store in Seattle’s Pacific Place and the new Teavana® Tea Bar at Broadway & 9th in New York City are performing ahead of plan, and Teavana will continue to expand and to bring its super-premium loose leaf teas, handcrafted beverages and exclusive food offerings to carefully targeted markets both in the U.S. and abroad.

In addition, building on the successful launch of handcrafted Teavana® Shaken Iced Tea through Starbucks® stores earlier this year and the innovative partnership with Oprah Winfrey around Teavana® Oprah Chai Tea, Teavana will continue to grow its presence in Starbucks® retail stores with sachets, innovative iced teas and expansion of the Chai tea platform.

Day Part and Store Format Diversification

Starbucks® food program continues to resonate strongly with consumers across all day parts, and to drive both traffic and ticket growth in the U.S. and around the world. The company expects continued top and bottom-line growth in its food platform as it elevates and expands its offering of savory, locally relevant food offerings around the world. In addition, the company announced plans to double its U.S. food revenue to over $4 billion over the next five years.

By the end of FY2019, 20-25% of Starbucks® stores in the U.S. will offer the Starbucks Evenings experience, adding approximately $1 billion in revenue. The expansion of Starbucks Evenings, Starbucks Reserve only stores, micro and express store formats, new drive-thrus and mobile trucks are just a few of the innovations customers will see beginning in 2015.

Mobile Commerce Momentum and Innovation Continues with the Launch of Mobile Order & Pay

Starbucks is the global market leader in mobile payment.  With more than eight million loyalty members, seven million mobile payment transactions each week and more than $4 billion loaded onto prepaid Starbucks Cards in North America in the past year alone, Starbucks offers the largest and most robust mobile ecosystem of any retailer in the world.

Starbucks is once again raising the bar for mobile commerce innovation with the launch of “Mobile Order & Pay” and food and beverage delivery. Starbucks introduced its fully-integrated Mobile Order & Pay platform – representing the most meaningful enhancement to the customer ordering experience since the company first introduced drive-thrus in 1994 – to customers in the Portland, Oregon area yesterday.   Now, and for the first time, Mobile Order & Pay will allow customers to place orders in advance of their visit, and to pick up their ready order at their preferred Starbucks® store – improving speed of service, enhancing customer loyalty and the customer experience, streamlining store operations and further extending Starbucks leadership position in mobile commerce and customer loyalty.  The Portland launch will be followed by a national rollout of Mobile Order & Pay in 2015.

“Of all the new traffic-driving initiatives for the company, Mobile Order & Pay is at the top of that list and we are confident that it will be game-changing for our customers and our business,” said Adam Brotman, Starbucks chief digital officer. “We have designed the full mobile ordering experience – from the app itself, to the pick-up of the food and beverages, to the engagement with the baristas in our stores – to be a seamless and natural extension of the existing Starbucks Experience.  We believe that the addition of Mobile Order & Pay into what is already one of the most widely used apps in the country will encourage customers to explore even more of our menu, will attract new customers to Starbucks, and will encourage incremental occasions to visit our stores.”

Furthermore, the national rollout of Mobile Order & Pay will lay the foundation for Starbucks launch of food and beverage delivery in select metropolitan areas later in the year. Inclusion of the delivery option furthers the company’s goal of providing convenience and the complete Starbucks Experience to   customers however, whenever and wherever they want it – even if they are unable to visit a Starbucks retail location.

The success of Starbucks mobile payment and loyalty programs will also allow the company to bring to the table the constituent pieces necessary to build a consumer proposition for a mobile payment network with retailers outside of the Starbucks® store footprint in fiscal year 2016.  This platform – in which customers would earn Stars by using a stored value account, much as they do at Starbucks today – would create opportunities for other retailers to reward their most loyal customers, also benefiting Starbucks by creating incremental traffic opportunities.

Global and Channel Expansion

Starbucks China and Asia-Pacific region represent enormous, immediate, high-value opportunities for the company, and Starbucks today announced plans to double its store count in China – to over 3,000 stores – by 2019. When completed in the second quarter of 2015, Starbucks acquisition of Starbucks Japan – the company’s first international market outside of North America and with more than 1,000 stores its second largest market overall in retail store sales – will position Starbucks to further accelerate growth in the dynamic, rapidly-growing CAP region.

Starbucks is the industry leader in premium single serve, premium packaged roast and ground coffee, and Ready-to-Drink products served outside the company’s retail stores and is ideally positioned to grow its share of these markets both in the U.S. and globally. At Investor Day 2014, company leaders will share that over the next five years Starbucks Channel Development segment will grow its revenue by 60%, nearly double its operating income, and more than double its RTD business outside of the U.S. with a specific focus on unlocking untapped opportunities across the company’s China and Asia-Pacific region.

Financial and Operating Performance through the Lens of Humanity

As Starbucks accelerates the growth across its business and around the world it will continue to balance industry-leading performance with its core mission and values.  The company’s commitment to its values, its partners (employees) and the communities it serves was demonstrated through several leadership initiatives over the past year, including:

Starbucks commitment to hire at least 10,000 veterans and military spouses by 2018 and its partnership with HBO and Chase to host the historic Concert For Valor.  The Concert For Valor saluted America’s veterans and was held on the National Mall in Washington, D.C. on Veterans Day. The concert was attended by hundreds of thousands – with more than one million viewing the event live and on demand, remotely. In its first year, Starbucks has already placed more than 1,000 veterans and active duty military spouses into roles that leverage their skills, dedication, discipline and leadership and the company announced plans to double that number in 2015.  In November, Schultz co-authored For Love of Country: What Our Veterans Can Teach Us About Citizenship, Heroism and Sacrifice. The book, from which all proceeds are being devoted to veterans’ service organizations, has already received numerous accolades including ranking as one of The Wall Street Journal’s top five best-selling books.

Last summer Starbucks announced the creation of Starbucks College Achievement Plan, a first-of-its-kind partnership with Arizona State University (ASU) that makes it possible for eligible Starbucks partners to finish a bachelor’s degree with full tuition coverage for their junior and senior years through ASU’s top-ranked online degree program.   More than 1,000 partners have enrolled in the first Fall session and thousands more have started the application process.

To learn more about Starbucks 2014 Investor Day, visit Starbucks Investor Relations website. For news updates and images from the event, visit the Starbucks Newsroom.

About Starbucks
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at Starbucks.com.

Forward Looking Statements
Certain statements contained herein are “forward-looking statements” within the meaning of the applicable securities laws and regulations. Generally, these statements can be identified by the use of words such as “anticipate,” “expect,” “believe,” “could,” “estimate,” “feel,” “forecast,” “intend,” “may,” “plan,” “ potential,” “project,” “should,” “will,” “would,” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements are based upon information available to Starbucks as of the date hereof, and Starbucks actual results or performance could different materially from those stated or implied due to risks and uncertainties associated with its business.  These risks and uncertainties include, but are not limited to, costs associated with, and the successful execution of, the company’s initiatives and plans, the acceptance of the company’s products by our customers, fluctuations in U.S. and international economies and currencies, our ability to preserve, grow and leverage our brands, potential negative effects of material breaches of our information technology systems if any were to occur, the impact of competition, coffee, dairy and other raw material prices and availability, the effect of legal proceedings, and other risks detailed in the company filings with the Securities and Exchange Commission, including the “Risk Factors” section of the Starbucks Annual Report on Form 10-K for the fiscal year ended September 28, 2014. The company assumes no obligation to update any of these forward-looking statements.

For more information on this news release, contact us.

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Starbucks Coffee Company details five-year strategic growth plan at its biennial Investor Day

Starbucks Coffee Company details five-year strategic growth plan at its biennial Investor Day

Tesco research reveals one in seven (14%) Brits feel more under pressure than ever before to have a perfect Christmas

  • Over 1 in 3 Brits are most conscious of their guests having a good time and being in the festive mood
  • 1 in 6 think they will be judged by guests if they don’t pick a good bottle of wine
  • 1 in 5 men feel pressure to impress in-laws and compete with friends and family, compared with 14% of women
  • Research reveals top 10 cities where residents feel most under pressure to have a perfect Christmas

Cheshunt, England, 2014-12-4 — /EPR Retail News/ — From preparing the festive feast to buying presents and decorating the tree, today research by Tesco reveals one in seven (14%) Brits feel more under pressure than ever before to have a perfect Christmas. Residents in Aberystwyth, Wales (33%) are worrying the most, however people in Edinburgh (4%) are the most fuss-free about perfection.

In-laws and parents are piling on the stress, with one in 10 people feeling the need to impress them. This is on Brummies’ minds the most (21%) and Glaswegians’ the least (3%).

Almost one in 10 people admit they’re in competition with friends and family to prepare a cracking Christmas, Londoners being the most competitive (13%), and one in six shoppers believe their guests will be keeping a beady eye on whether they’re offering a good bottle of wine or not.

Men are feeling these concerns the most this year, with one in five agreeing the heat is on to impress and compete with friends and family, compared with just 14% of women, while almost one in five (18%) feel under the spotlight to choose the right tipple. And the biggest stress for men this year? Almost one in three (31%) men feel most under pressure to buy the perfect gifts for loved ones.

The top five things people feel most under pressure to do perfectly this year are:

1.     Buying the right presents (33%)

2.     Making sure everyone has a great time (20%)

3.     Preparing the Christmas meal (18%)

4.     Making sure friends and family are in the Christmas spirit (16%)

5.     Decorating the tree (8%)

To lift these pressures, Tesco has launched its Every Little Helps Make Christmas campaign, enlisting renowned experts John Whaite, Linda Barker, Arona Khan and Laura Jewell to offer quick and easy tips to help people have an amazing Christmas this year.

To help customers with their food preparations, Great British Bake Off winner, John Whaite, is revealing delicious recipes to surprise even the pickiest of guests. Interior designer, Linda Barker, is showing how to make your Christmas decorations stand out, while international gift wrapping specialist, Arona Khan, is demonstrating how to wrap even the most awkward of gifts. Laura Jewell, one of just 319 Masters of Wine in the world, is giving insider tips on how to choose wines that won’t break the bank over the festive period.

Workshops hosted by the panel of experts can be found on the Tesco YouTube channel, to make sure customers up and down the country benefit from the experts’ hints and tips.

Sharry Cramond, Proposition and Brand Director at Tesco comments “Christmas is a wonderful time of year, but we all know that it comes with some challenges. Our research shows that customers are feeling the pressure, whether that’s wrapping gifts or finding a delicious wine for Christmas day. Our experts are sharing fantastic insider tips on how to have a really amazing Christmas, with less of the stress. We’re with our customers every step of the way this Christmas!”

Watch the festive workshops on YouTube.com/Tesco and join the conversation with #MakeChristmas.

 

ENDS

Top 10 cities where residents feel most under pressure to have a perfect Christmas more than ever before:

1.     Aberystwyth (33%)

2.     Liverpool (25%)

3.     Swansea (21%)

4.     Newcastle (20%)

5.     Glasgow and Portsmouth (18%) (Joint 5th)

7.   Plymouth, Aberdeen and Birmingham (16%) (Joint 7th)

10.  London, Manchester and Bristol (14%) (Joint 10th)

 

Top tips

Customers can expect to receive top tips from the experts including:

Advice on gift presentation from wrapping expert, Arona Khan,

“If you’re looking for an original low cost way to spruce up your gift, how about recycling offcuts of gift wrap to create the perfect finishing touch?  Take a triangle of paper and pleat.  Repeat if necessary with a second offcut of paper and secure in place using double sided tape. This flat decoration is ideal for presents that have to be posted or packed.”

How to dress up your door, from interiors expert, Linda Barker,

“Decorating for Christmas shouldn’t just be about the inside of your house – make sure you set the scene before guests even ring the doorbell. Hang a bunch of mistletoe or holly from the doorknocker, tie with a big gold ribbon and twist a few battery operated lights into it for an added festive feel. It’s a quick way to get your guests in the Christmas spirit from the start!”

A delicious twist on Brussels sprouts from GBBO champion, John Whaite,

“Rather than boil your sprouts into a mush, fry them so they stay crunchy. I remove the outer leaves, slice each sprout in half and fry in a little oil until gently charred. I then throw in some sweet red grapes, a drizzle of pomegranate molasses, chopped pecans and sea salt – inspired by a dish I had last year in New York.”

Nifty time-saving tips from wine expert Laura Jewell,

“Forgotten to chill the wine? Don’t panic. Half fill your sink with cold water and top up with ice – this is the fastest way to chill wine and works much quicker than putting it in the freezer, as many people presume.”

The survey of 2000 people was conducted by OnePoll on behalf of Tesco between 12/11/14 and 14/11/14.

For more information

Visit www.tescoplc.com/christmas for further information.

For more information contact rosiew@splendidcomms.com

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