IKEA Foundation will donate one euro for every LED light bulb purchased to help UNHCR light refugee camps

Conshohocken, PA, 2015-1-22 — /EPR Retail News/ — The Brighter Lives for Refugees campaign returns to make a difference and create a better everyday life for the many refugees living around the world. Starting February 1 and running till March 29, 2015, for every LED light bulb purchased in IKEA stores, the IKEA Foundation will donate one euro ($1.16 *) to help UNHCR light refugee camps— making them a safer, more suitable place for the families who live there. In its first year (2014), the Brighter Lives for Refugees campaign, raised $10.6 million (€7.7 million**) globally, and the US alone raised over $570,000 through IKEA co-worker and customer support.

Today there are almost 13 million refugees *** under UNHCR’s care, half of whom are children. For those refugees living in camps, all livelihoods, social and educational activities usually stop after sundown, because refugee camps can be extremely dark places. Thanks to the Brighter Lives for Refugees campaign, many now have lighting and energy solutions.

Part of the funds from last year’s campaign have been used to help over 11,000 Syrian refugees living in Azraq refugee camp, Jordan, by providing families with a solar-powered lantern, which can be used for mobile-phone charging and as a light source so families can carry on with their everyday activities. Solar lanterns allow girls and boys to study after dark, helping them with their education and progress in school. Lanterns and solar street lights mean that adults can continue working and communities can have social gatherings after sunset.

IKEA continues to lead in sustainable business practices. In October 2012, IKEA US announced it would make a bold move to sell only LED lights in all its US stores by 2016, thereby enabling millions of people to live a more sustainable life at home and save on their energy bills.

*one euro (€1) = $1.16 on January 20, 2015
** one euro (€1) = $1.38 on March 20, 2014
*** Facts based on UNHCR Report released January 7.2015. http://unhcr.org/54aa91d89.html

Contact Information:
IKEA US: Mona Astra Liss, 601.834.018/5852
IKEA Foundation: Jonathan Spampinato, Jonathan.Spampinato@ikeafoundation.orgTel: +31 611756336

UNHCR US: Nick Slijepcevic, nslijepcevic@usaforunhcr.org . 202.644.7161

About IKEA Group
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. There are currently 315 IKEA Group stores in 27 countries. Additionally, there are 40 IKEA stores run by franchises. There are 40 IKEA stores in the US. In FY 14, 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, please visit www.IKEA.com, facebook.com/IKEAUSA, @IKEAUSANews, @IKEAUSA, http://pinterest.com/IKEAUSA/, www.youtube.com/IKEAUSA, www.theshare-space.com, www.theshare-space.com/en/Blog

About IKEA Foundation
The IKEA Foundation aims to improve opportunities for children and youth in some of the world’s poorest communities by funding holistic, long-term programmes that can create substantial, lasting change. The IKEA Foundation works with strong strategic partners applying innovative approaches to achieve large-scale results in four fundamental areas of a child’s life: a place to call home; a healthy start in life; a quality education; and sustainable family income. Currently-funded programmes benefit an estimated 100 million children. Learn more at www.ikeafoundation.org and www.facebook/IKEAfoundation

About UNHCR – The UN refugee agency
The United Nations High Commissioner for Refugees, also known as the UN refugee agency, was established on December 14, 1950 by the United Nations General Assembly. It is mandated to lead and co-ordinate international action to protect refugees and resolve refugee problems worldwide. Its primary purpose is to safeguard the rights and well-being of refugees. It strives to ensure that everyone can exercise the right to seek asylum and find safe refuge in another State, with the option to return home voluntarily, integrate locally or to resettle in a third country. It also has a mandate to help stateless people. In more than six decades, the agency has helped tens of millions of people restart their lives.

Learn more by visiting:
www.unhcr.org
www.facebook.com/UNHCR
www.twitter.com/refugees

Lowe’s plans to hire approximately 30,000 seasonal employees at its stores in the United States during spring

MOORESVILLE, N.C., 2015-1-22 — /EPR Retail News/ — Lowe’s announced today it plans to hire approximately 30,000 seasonal employees at its stores in the United States during spring – the busiest time of year in the home improvement industry.

Seasonal jobs are focused on customer service and include cashiers, lawn and garden employees, loaders, and stockers. Most seasonal employees will work an estimated 20 or more hours per week. Experience in any of the home improvement trades is a plus.

Seasonal employees are most needed in spring and summer months, typically from February until September, when weather has improved and customers are tackling both indoor and outdoor home improvement projects. The company plans to hire and train new seasonal employees on a market-by-market basis. Hiring has already begun in Florida,California, Texas and Arizona where warmer, spring-like temperatures are beginning.

“As spring arrives, our stores are stocked with products homeowners use for their indoor and outdoor projects. To help make shopping and selection easier, we want our stores staffed with knowledgeable employees who’ll provide exceptional service for customers,” said Scott Purvis, Lowe’s vice president, human resources operations.

The online community CareerBliss listed Lowe’s among “The10 Happiest Retailers To Work For In 2014.” Available positions are being posted and applications accepted online at www.lowes.com/careers. Information about seasonal opportunities is also available via Twitter @LowesCareers.

About Lowe’s
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company serving approximately 15 million customers a week in the United States, Canada andMexico. With fiscal year 2013 sales of $53.4 billion, Lowe’s has more than 1,835 home improvement and hardware stores and 260,000 employees. Founded in 1946 and based in Mooresville, N.C., Lowe’s supports the communities it serves through programs that focus on K-12 public education and community improvement projects. For more information, visit Lowes.com.

Contact

If you’re a journalist working on a story about Lowe’s:
704-758-2917
PublicRelations@lowes.com

For customer inquiries:1-800-445-6937

NRF’s Super Bowl Spending Survey estimates some 184 million viewers to watch this year’s Super Bowl on Sunday, February 1

Average Fan to Spend 14% More for Patriots/Seahawks Match-Up

WASHINGTON, 2015-1-22 — /EPR Retail News/ — The most widely watched sporting event of the year will draw an estimated 184 million viewers when the Seattle Seahawks return to the Super Bowl after last year’s win to face the New England Patriots on Sunday, February 1, for Super Bowl XLIX. According to NRF’s Super Bowl Spending Survey conducted by Prosper Insights & Analytics, average viewer spending will reach a survey high of $77.88, up from $68.27 last year, with fans planning to splurge on everything from game day food and new televisions to athletic wear and decorations. Total spending is expected to reach $14.3 billion.*

“With renewed confidence in the economy and the outlook for 2015, consumers are looking forward to some good old-fashioned fun with their friends and family to celebrate the big game,” said NRF President and CEO Matthew Shay. “Retailers will take full advantage of the expected traffic from avid fans by making sure they have adequately invested in décor, party food and accessories and other Super Bowl-related inventory.”

Of the 75.8 percent planning to watch the game, nearly eight in 10 (79.3%) will purchase food and beverages, 10.8 percent will buy team apparel or accessories and 8.8 percent will splurge on new televisions to watch the game at home.

According to the survey, the nearly 43 million viewers planning to host a Super Bowl party should expect a full house as one-quarter (25.9%) of those surveyed say they plan to attend a party to celebrate the big game with friends and family. Bars and restaurants can also expect a good turnout on February 1 with more than 13 million viewers planning to head out to watch at their favorite local spot.

Nearly half of viewers (46.8%) say that the game itself is the most important part of the day, and nearly one-third (41.3%) of those planning to watch say that the most important parts for them are the commercials and hanging out with friends and family. Additionally, a record 11.9 percent of viewers this year say the most important part of the Super Bowl for them is the half-time show.

While all age groups agree the game itself is the most important part of Super Bowl Sunday, the survey also found differences among specific age groups when it comes to the importance of commercials, the half-time show and seeing friends and family. According to the survey, one in five (22.8%) 18-to-24-year-olds say the most important part of the game is the commercials, the highest of any other age group, and 25-to-34-year-olds say getting together with friends is the most important part of the day (15.4%), highest among all the other age groups.

While more than three-quarters (77.1%) of viewers say they look at Super Bowl commercials as entertainment, others feel that the commercials make them more aware of the advertiser’s brand (20.1%). For those who do not have favorable opinions of the commercials, many think the advertisers should save their money and pass the savings along to the consumers (16.6%) and 9.7 percent say the commercials make the game last too long.

“More viewers than ever are planning to tune in on game day this year as these connected consumers reach to multiple channels to join in with other fans and follow their favorite national brands,” said Prosper’s Principal Analyst Pam Goodfellow. “Beyond the game, viewers will use this day to catch up with friends and family and treat themselves to their favorite game day treats.”

Millennials will show their spending power this year for the Super Bowl: young adults ages18-24 plan on spending an average of $95.92; those ages 25-34 and 35-44, however, will spend slightly more at an average of $101.54 and $102.82, respectively.

About the Survey
The NRF’s 2015 Super Bowl spending survey was designed to gauge consumer behavior and shopping trends related to the Super Bowl. The survey was conducted for NRF by Prosper Insights & Analytics. The poll of 6,375 consumers was conducted from January 6-13, 2015 and has a margin of error of plus or minus 1.3 percentage points.

Prosper Insights and Analytics delivers executives timely, consumer-centric insights from multiple sources. As a comprehensive resource of information, Prosper represents the voice of the consumer and provides knowledge to marketers regarding consumer views on the economy, personal finance, retail, lifestyle, media and domestic and world issues.www.ProsperDiscovery.com

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities, and the critical role that retail plays in driving innovation. www.nrf.com

Treacy Reynolds
press@nrf.com
(855) NRF-Press

###

*Total spening is an extrapolation of U.S. population ages 18 and above.

BRC-BOND DICKINSON RETAIL EMPLOYMENT MONITOR Q4 2014: full-time jobs fell by 0.6% in Q4 2014 compared with the same period last year

LONDON, 2015-1-22 — /EPR Retail News/ — The equivalent number of full-time jobs fell by 0.6% in the fourth quarter of 2014 compared with the same period last year. In the fourth quarter of 2014, the number of outlets rose by 1.9%. Non-food retailers continued to provide a marginal contribution to the overall increase, according to our sample. Food retailers cut back on the number of hours worked compared with the previous year for the 14th consecutive month. The equivalent number of full-time employees in non-food retail rose in the fourth quarter of 2014.

Director General of the British Retail Consortium, Helen Dickinson, said: “It appears that December was not only a good month for retail sales but also for retail employees – staff numbers were marginally up on last year as retailers hired more people to meet the seasonal demand from shoppers. This increase is important because a temporary job at Christmas is the gateway for many to a long and fulfilling career in our industry.

Over the whole quarter, though staff numbers in food businesses dipped (a sign of the on-going restructuring and the development of new business models), non-food businesses continue to increase their staffing levels. These increases are welcome and demonstrate clear optimism among non-food retailers going into 2015. This performance also mirrors the wider economy which saw unemployment fall to 5.8% – the lowest for over six years.”

Christina Tolvas-Vincent, Head of Retail Employment at business law firm Bond Dickinson, said: “These figures indicate the tough challenges facing the grocery sector and the structural changes it is having to make to adapt to changes in consumer habits and increased competition from discounters. However, there are promising signs of recovery for retailers including the upturn in full-time equivalent employees in December and the increased number of stores, primarily driven by the food sector.

“Many of the retailers we work with see customer service as a key part of their strategy and are taking great pains to ensure they not only stay ahead of the curve on employment laws but go above and beyond them to attract and retain the best people available.”

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

The Retail Industry Leaders Association comments on Obama’s remarks on cyber security in the State of the Union address

The Retail Industry Leaders Association (RILA) issued the following statement in response to President Obama’s remarks on cyber security in the State of the Union address.

Arlington, VA, 2015-1-22 — /EPR Retail News/ — “The President’s focus on cyber and data security is welcome in the fight against evolving cyber-attacks.  Retailers call on Congress to provide assistance and ensure retailers have the partners and the tools to fight a growing and sophisticated enemy and protect Americans. This includes increased threat information sharing, a single, national data breach notification law, increased card security and collaboration on evolving technologies in order to defeat cyber criminals.”

The attacks from nation state actors, cybercriminals, and hacktivists are increasingly targeting American businesses and financial institutions with more sophistication than before. We must work together to discover and defeat attacks, mitigate harm, and create resilient systems. Retailers have made great strides this year, including:

First Retail ISAC – The Retail Cyber Intelligence Sharing Center

Last year RILA, along with some of America’s leading retailers, set up the first ISAC for the industry, the Retail Cyber Intelligence Sharing Center (R-CISC). The R-CISC is a comprehensive resource for retailers to receive and share threat information, advance leading practices and develop research relevant to fighting cyber threats.

The R-CISC is the cybersecurity resource for the retail industry, open to retailers and merchants of all segments and sizes and aims to become a resource for not only the retail industry but related merchant industries as well. The R-CISC is making tremendous strides and is now interviewing and hiring an Executive Director to run the Center. This is just one more step to continuing the growth of the center. More here: www.r-cisc.org

Cyber Threat Information Sharing Legislation

RILA partnered with the Financial Services Roundtable (FSR) last year to establish the Merchant-Financial Cyber Partnership. The Partnership was created to bring the two industries together to work on a private sector solution to protect the payments system.  At the end of 2014, the Partnership sent a joint letter to Congress outlining principles for and urging Congress to pass cyber threat information sharing legislation.

RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.

###​

Allie Brandenburger
Senior Director, Communications
Phone: 703-600-2063
Email: allie.brandenburger@rila.org

The Retail Industry Leaders Association announced the election of four retail executives to its Board of Directors

Arlington, VA, 2015-1-22 — /EPR Retail News/ — The Retail Industry Leaders Association (RILA) announced today the election of four retail executives to its Board of Directors. The election took place during the semi-annual Board of Directors meeting, held Sunday in Amelia Island, Florida. Joining the association’s Board of Directors are:

  • Brian Cornell, Chairman and Chief Executive Officer, Target Corporation
  • Alexander Gourlay, President, Walgreen Co.
  • Thomas Millner, President and Chief Executive Officer, Cabela’s Inc.
  • Michael Polk, President and Chief Executive Officer, Newell Rubbermaid

Also, two current board members were re-elected to the board at Sunday’s meeting

  • Madison Riley, Managing Partner, Asia Pacific, Kurt Salmon
  • Todd Tillemans, President, Customer Development, Unilever

“I am pleased to welcome these industry leaders to RILA’s Board of Directors. RILA’s ability to represent the interests of the retail industry is dependent on the expertise, insight and support provided by our board members,” said RILA President Sandy Kennedy. RILA is an outspoken advocate for the most critical issues facing the retail industry. RILA remains at the forefront of a number of battles, including the fight to level the playing field for all retailers as it relates to the collection of state sales tax. RILA also plays a leading role on issues including cybersecurity, comprehensive tax reform, health care, privacy, trade and a variety of labor and finance issues.The 2015 RILA Board of Directors:

  • Richard Dreiling, Chairman & Chief Executive Officer, Dollar General Corporation (Chairman)*
  • Eric Wiseman, Chairman, President & Chief Executive Officer, VF Corporation (Treasurer)*
  • Robert Niblock, Chairman & Chief Executive Officer, Lowe’s Companies, Inc. (Secretary)*
  • William Rhodes, Chairman, President & Chief Executive Officer, AutoZone, Inc (Second Vice Chair).*
  • Hubert Joly, Chief Executive Officer, Best Buy Co., Inc.*
  • James Myers, Chief Executive Officer, Petco Animal Supplies, Inc.*
  • Brian Cornell, Chairman & Chief Executive Officer, Target Corporation
  • Joseph DePinto, President & Chief Executive Officer, 7-Eleven, Inc.
  • Alexander Gourlay, President, Walgreen Co.
  • Ken Hicks, Executive Chairman, Foot Locker, Inc.
  • Alan Hoskins, President & Chief Executive Officer, Energizer Household Products, Energizer Holdings, Inc.
  • David Lenhardt, President & Chief Executive Officer, PetSmart, Inc.
  • Karen Lowe, General Manager, Global Retail Industry, IBM Corporation
  • Thomas Millner, President & Chief Executive Officer, Cabela’s Inc.
  • Paul Mulligan, President, Coca-Cola Refreshments, The Coca-Cola Company
  • Michael Polk, President & Chief Executive Officer, Newell Rubbermaid
  • Madison Riley, Managing Partner, Asia Pacific, Kurt Salmon
  • Walter Robb, Co-Chief Executive Officer, Whole Foods Market, Inc.
  • Gregory Sandfort, President & Chief Executive Officer, Tractor Supply Company
  • Todd Tillemans, President of Customer Development, Unilever
  • Myron Ullman, Chief Executive Officer, J.C. Penney Company, Inc.
  • Sandy Kennedy, President, Retail Industry Leaders Association*

*Denotes Executive Committee Member

RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.

###

Brian Dodge
Executive Vice President, Communications and Strategic Initiatives
Phone: 703-600-2017
Email: brian.dodge@rila.org

Gap Inc. launches new yearlong management-training program for high-potential sales associates

SAN FRANCISCO,  2015-1-22 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today announced the launch of a new yearlong management-training program for high-potential sales associates to develop the skills necessary for success as a store manager while still earning a paycheck.

President Obama today highlighted Gap Inc.’s enhanced career advancement initiative in a fact sheet, as one of the best-in-class examples of a companyC committed to investing in America’s workforce.

The new initiative will integrate and ramp up the company’s existing career advancement and management programs, creating opportunities for hundreds of emerging leaders this year, and thousands in the years ahead.

These efforts complement Gap Inc.’s continued commitment to support the development of job and life skills for thousands of students of diverse backgrounds to get hired and succeed in the job market. Company-driven programs include This Way Ahead, which provides job readiness training and paid internships for underserved youth in New York City, Boston, Houston and San Francisco, and Gap Inc. for Community Colleges, which helps community college students across 25 U.S. metro areas prepare for jobs and succeed once they are employed, while developing a pipeline of qualified candidates for the company.

“In today’s global economy, we recognize the importance of teaching job and life skills to help hard-working people get and succeed in a job. Our company’s values and legacy drive us to do more than just sell clothes, and we’re proud of our heritage of investing in the future of people in economically hard-hit communities across the country—and around the world. With this new integrated management program, we’ll be able to turbo-charge our talent pipeline and create immediate opportunities for hundreds of motivated emerging leaders to build and further their careers with us,” said Eric Severson, senior vice president of global talent solutions for Gap Inc. Severson was recently appointed by U.S. Commerce Secretary Penny Pritzker to serve on the National Advisory Council on Innovation and Entrepreneurship (NACIE).

This enhanced commitment to workforce development builds on the company’s decision in February 2014 to invest in our frontline employees by increasing the minimum hourly rate to $9 in July 2014 and to $10 in July 2015. In total, approximately 65,000 employees in the U.S. will receive a raise as a result of the decision. In recognition of the company’s 45th birthday, in August 2014, Gap Inc. reaffirmed our commitment to equal pay for equal work, translating to gender pay equality across our major geographies, whether dollar for dollar, pound for pound, yen for yen, or euro for euro.

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, over 400 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Wincor Nixdorf: Sparkasse Fürth realized significant savings with its self-service park of 32 CINEO C4060/5 and C4060/8 devices

Paderborn, Germany, 2015-1-22 — /EPR Retail News/ — Just four years after introducing Wincor Nixdorf’s CINEO recycling technology across the board, Sparkasse Fürth can look back on positive results. Thanks to more efficient processes, the bank has realized significant savings with its self-service park of 32 CINEO C4060/5 and C4060/8 devices in 22 of its 27 branches and six self-service locations. Cash-in-transit (CIT) costs dropped dramatically since the bank was able to reduce CIT calls to large branches from three or four per week to just one. And because the need for manual replenishments of ATMs decreased, the bank’s centralized service area was able to reduce its staff capacity by 3.5 full-time equivalents (FTE).

According to Manuela Dinkel, who heads up Sparkasse’s central service, the key to the success of the bank’s new teller concept was the rigorous use of the latest generation of cash recyclers from the CINEO family. In conjunction with the bank’s self-service front office software, which was already installed, the bank was able to transfer most of its teller transactions to cash recyclers without the need to keep greater volumes of cash in reserve at its individual branches. One of the key factors in the decision in favor of Wincor Nixdorf was the fact that its CINEO systems can sort out K3 banknotes that are suspected of being forgeries, thus fulfilling the German Bun-desbank’s requirements for the bank’s handling of the contents of cash recycler all-boxes.

A critical element in the concept is that all of the branches of the same size were identically equipped, based on their teller transaction volume. The larger branches use exclusively 8-cassette machines, and the mid-size branches have one 8-cassette and one 5-cassette machine each. Only the smallest branches operate just one 5-cassette machine, because they rarely have deposits of 500-euro banknotes.

Yet cash dispensing variants and site-specific device configuration were just as sig-nificant in the acceptance of the cash recyclers: practical experience over the four years showed that genuine savings can only be achieved when pure cash dispensers are, in some cases, removed entirely, and the device models are chosen to meet site-specific needs. If cash dispensers continue to be used, the denominations dispensed by the recyclers must be very similar to the dispensing patterns of the cash dispensers, because otherwise the acceptance of the recyclers declines strongly.

For this reason, the device park needs constant fine-tuning to ensure that the recy-clers remain available without increasing the need for CIT calls. IT monitoring by Wincor Nixdorf thus has a special role to play in the service concept, since it ensures a device park availability of more than 98%.

White’s Bakery & Cafe, Salsa’s and The Sausage Guy open at the Hingham, MA Stop & Shop

Customers Can Sit and Eat In Daily or Purchase Meals To Go From White’s Bakery, Salsa’s and The Sausage Guy

Quincy, MA, 2015-1-22 — /EPR Retail News/ — The Stop & Shop Supermarket Company LLC is now offering customers an exciting, varied assortment from three well-known local restaurants at the Hingham, MA Stop & Shop. Customers will have a place to sit and eat in or can order food to go from favorite local restaurants White’s Bakery & Cafe, Salsa’s and The Sausage Guy. “This is a great opportunity to offer our customers a better shopping experience through a broader selection of restaurant quality foods prepared for our customers on the spot.” says Joe Kelley, president, Stop & Shop New England Division. “We’ve been local for 100 years and are excited to partner with other local brands that customers know and love.”

The café area is located near the front of the store and is open daily from 11:00 a.m.-7:00 p.m. White’s Bakery is open at 8:00 a.m. until 7:00 p.m.

All three restaurants will offer a variety of specialties:

  • White’s Bakery & Cafe, with stores in Brockton, Mansfield and Hingham, will offer muffins, cupcakes and pastries as well as calzones, pasta salads and dinners to go to satisfy any sweet or savory craving.
  • The Sausage Guy, a well-known Fenway Park vendor brings sandwiches of sausage, peppers and onions.
  • Salsa’s in South Boston and Hingham, will offer favorite Mexican dishes.

Store Hours

The Hingham Stop & Shop, located at 400 Lincoln Street, Lincoln Plaza (RTE 3A), is open 7 a.m. – 11 p.m., six days a week (7 a.m. – 9 p.m. on Sundays). For additional information please visit Stop & Shop’s web site atwww.stopandshop.com or www.facebook.com/stopandshop.

About Stop & Shop
The Stop & Shop Supermarket Company LLC employs approximately 59,000 associates and operates 394 stores throughout Massachusetts, Connecticut, Rhode Island, New York and New Jersey. The company helps support local communities fight hunger, combat childhood cancer and promote general health and wellness – with emphasis on children’s educational and support programs. In its commitment to be a sustainable company, Stop & Shop is a member of the U.S. Green Building Council and EPA’s Smart Way program; and has been recognized by the EPA for the superior energy management of its stores. Stop & Shop is an Ahold company. To learn more about Stop & Shop, visit www.stopandshop.com or www.facebook.com/stopandshop.

Contact:
Annmarie Seldon
Stop & Shop New England Division
(617) 276-7756
aseldon@webershandwick.com

Family Dollar shareholders approved Dollar Tree Merger

 

  • Family Dollar Shareholders Vote to Approve Dollar Tree Merger
  • Transaction Creates Leading Discount Retailer with More Than 13,000 Stores and Annual Sales Exceeding $18 Billion
  • Completion of Transaction Expected as Early as March 2015

 

CHESAPEAKE, VA, 2015-1-22 — /EPR Retail News/ — Dollar Tree, Inc. (NASDAQ: DLTR), the nation’s leading operator of discount variety stores selling everything for $1 or less, today commented on the outcome of the shareholder vote of Family Dollar Stores, Inc. (NYSE: FDO) to approve the pending merger with Dollar Tree.

“Today’s vote of approval by Family Dollar shareholders represents a crucial step toward combining Dollar Tree, North America’s leading fixed-price point discount retailer, with Family Dollar, a leading multi-price point retailer with a 50+ year history of serving low and middle income customers”, stated Bob Sasser, Dollar Tree’s Chief Executive Officer. “By adding Family Dollar to our portfolio of brands, Dollar Tree will soon operate more than 13,000 stores in 48 states and five Canadian provinces with annual sales exceeding $18 billion. This merger enhances our geographic footprint and diversifies our business model. We intend to operate and grow both banners. At Dollar Tree stores, everything is $1 while Family Dollar stores will continue to serve low to middle income customers with name brand consumables, home basics, variety and seasonal products at discount store prices. By utilizing the $1 fixed-price point in Dollar Tree and multi-price points at Family Dollar, we will deliver even greater value and choice to a broader range of consumers.”

Sasser added, “We are eager to welcome Family Dollar associates to the Dollar Tree team. We appreciate the dedication and hard work of Family Dollar’s associates throughout the integration planning process and we look forward to working together to further grow and improve the Family Dollar brand.”

Several steps need to take place to facilitate the successful completion of the acquisition. By the end of January, Dollar Tree expects to reach a preliminary agreement with the Federal Trade Commission (“FTC”) staff on the list of substantially all of the stores to be divested. Dollar Tree then plans to finalize divestiture agreements with the selected buyer(s), to address any concerns of the investigating state attorneys general, and to execute a consent order with the FTC’s Bureau of Competition. To facilitate the FTC’s continued review, and in light of the practicalities associated with the transaction, Dollar Tree and Family Dollar have agreed to provide the FTC with four weeks’ notice prior to closing. Dollar Tree expects to initiate this 4-week notice period (which may be terminated early by the FTC) after Dollar Tree executes a consent decree with the FTC’s Bureau of Competition, which should enable the closing of the merger as soon as March 2015.

Sasser concluded, “I am extremely proud of the entire Dollar Tree team. In addition to completing the due diligence and integration planning work relating to our acquisition, our team worked together to deliver two outstanding quarters during the acquisition process by continuing to provide great values to our consumers.”

About Dollar Tree, Inc.
Dollar Tree, Inc., a Fortune 500 Company, operated 5,282 stores in 48 states and five Canadian provinces as of November 1, 2014, with total retail selling square footage of 45.8 million. Stores operate under the brands of Dollar Tree, Dollar Tree Canada, and Deals. To learn more about the Company, visit www.DollarTree.com.

Forward- Looking Statements

Certain statements contained herein are “forward-looking statements” that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements and information about our current and future prospects and our operations and financial results are based on currently available information. Various risks, uncertainties and other factors could cause actual future results and financial performance to vary significantly from those anticipated in such statements. The forward looking statements contained herein include assumptions about our operations, such as cost controls and market conditions, and certain plans, activities or events which we expect will or may occur in the future and relate to, among other things, the business combination transaction involving Dollar Tree and Family Dollar, the financing of the proposed transaction, the benefits, results, effects, timing and certainty of the proposed transaction, future financial and operating results, expectations concerning the antitrust review process for the proposed transaction and the combined company’s plans, objectives, expectations (financial or otherwise) and intentions.

Risks and uncertainties related to the proposed merger include, among others: the risk that regulatory approvals required for the merger are not obtained on the proposed terms and schedule or are obtained subject to conditions that are not anticipated; the risk that the other conditions to the closing of the merger are not satisfied; the risk that the financing required to fund the transaction is not obtained; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the merger; uncertainties as to the timing of the merger; competitive responses to the proposed merger; response by activist stockholders to the merger; costs and difficulties related to the integration of Family Dollar’s business and operations with Dollar Tree’s business and operations; the inability to obtain, or delays in obtaining, the cost savings and synergies contemplated by the merger; uncertainty of the expected financial performance of the combined company following completion of the proposed transaction; the calculations of, and factors that may impact the calculations of, the acquisition price in connection with the proposed transaction and the allocation of such acquisition price to the net assets acquired in accordance with applicable accounting rules and methodologies; unexpected costs, charges or expenses resulting from the merger; litigation relating to the merger; the outcome of pending or potential litigation or governmental investigations; the inability to retain key personnel; and any changes in general economic and/or industry specific conditions. Consequently, all of the forward-looking statements made by Dollar Tree, in this and in other documents or statements are qualified by factors, risks and uncertainties, including, but not limited to, those set forth under the headings titled “A Warning About Forward-Looking Statements” and “Risk Factors” in Dollar Tree’s Annual Report on Form 10-K for the fiscal year ended February 1, 2014, Dollar Tree’s Quarterly Reports on Form 10-Q for the quarters ended May 3, 2014, August 2, 2014 and November 1, 2014, and other reports filed by Dollar Tree with the SEC, which are available at the SEC’s website http://www.sec.gov.

Please read our “Risk Factors” and other cautionary statements contained in these filings. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Dollar Tree undertakes no obligation to update or revise any forward-looking statements, even if experience or future changes make it clear that projected results expressed or implied in such statements will not be realized, except as may be required by law. As a result of these risks and others, actual results could vary significantly from those anticipated herein, and our financial condition and results of operations could be materially adversely affected.

Investors/Media Contacts:

Investors:

Randy Guiler
Dollar Tree, Inc.
rguiler@dollartree.com
(757) 321-5284

Media:

Debbie Miller / Nathaniel Garnick
Sard Verbinnen & Co
(212) 687-8080