Kesko: Konekesko names Timo Virtanen President from 1 May 2015

Helsinki, Finland, 2015-2-2 — /EPR Retail News/ — Timo Virtanen, 47, M.Sc. (Tech.), eMBA, Director of VV-Auto Group Oy’s After Sales Services, has been appointed Konekesko Ltd’s President as from 1 May 2015.

Aatos Kivelä, who has been Konekesko’s President since 2006, will retire on an old age pension with effect from the beginning of May in accordance with his Managing Director’s contract. Kivelä joined Kesko in 1983 and in addition to the position of Konekesko’s President, his posts include Finance Director of VV-Auto Group Oy and Kesko Food Ltd.

Timo Virtanen joined Kesko in 2000. Before his present position, his previous posts include Director of Rautakesko Ltd’s international operations, Managing Director of VV-Autotalot Oy and different management positions at Konekesko Ltd.

Further information is available from Pekka Lahti, Senior Vice President for Kesko’s car and machinery trade, tel. +358 105 338 320.

Konekesko is a machinery trade company, focusing on the import, sale and after-sales service of construction, materials handling, trucks and buses, and recreational machinery. Konekesko operates in Finland, Estonia, Latvia and Lithuania. www.konekesko.com

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John Lewis Partnership: the new pension scheme will take effect for new Partners from April 2015 and for existing Partners from April 2016

LONDON, 2015-2-2 — /EPR Retail News/ — In March 2013 the John Lewis Partnership announced that it would review its pension scheme to ensure that it remains both fair to Partners and affordable to the Partnership. After considerable discussion and debate, the Partnership Council voted unanimously in favour of the final proposal.

The final proposal has since been reviewed and agreed by the Partnership Board and the Chairman. The changes outlined in the proposal will take effect for new Partners from April 2015 and for existing Partners from April 2016.

The final proposal is to adopt a hybrid Defined Benefit (DB)/Defined Contribution (DC) scheme with the central elements being:

  • To continue to offer a non-contributory Defined Benefit scheme based on a Partner’s final salary, but at a reduced accrual rate of 1/120th for future service from April 2016
  • The Defined Contribution section of the scheme, in which Partner contributions are matched by the Partnership up to 4.5 per cent of contractual basic pay, will be extended from three years to the full length of a Partner’s service. Partners who are members of the Partnership Defined Benefit scheme will also receive 3% of their contractual basic pay each month on a non-contributory basis toward their Defined Contribution pension.
  • To increase the waiting period before joining the DB section of the scheme for new Partners from three years to five years from April 2015.

Nat Wakely, Director, Pensions Benefit Review said:

‘The John Lewis Partnership pension is a defining element of our business and this decision will ensure that it remains so in a way that is fair and affordable.

‘The Council’s unanimous vote in favour of the final proposal was the culmination of a very thorough process, involving every area of the Partnership and concluding in a decision that we took together in an open and democratic way.’

Enquiries

For further information please contact:

John Lewis Partnership
Andrew Moys, Director of Communications
Telephone: 020 7592 6292

Citigate Dewe Rogerson
Simon Rigby / Jos Bieneman
Telephone: 020 7638 9571

British Retail Consortium: Q4 2014 online retail figures clearly demonstrate the appetite of consumers across the globe for UK retail

LONDON, 2015-2-2 — /EPR Retail News/ — Helen Dickinson, Director General, British Retail Consortium, said: “Today’s figures clearly demonstrate the appetite of consumers across the globe for UK retail. This presents an enormous market opportunity for retailers regardless of their size.

“One of the key trends retailers will be paying close attention to is, in the emerging markets, the first digital point of contact for a huge number of consumers is a smartphone or tablet device. This is because in many of those markets mobile infrastructure is far superior to the fixed line broadband networks in more established economies like the UK. This means that if Britain’s retailers want to take advantage of the interest being abroad they’ll need to continue their investment in device-optimised platforms; ensuring that no matter how a customer first comes into contact with them they can offer the world beating service that is the hallmark of British retailing.

“It is absolutely clear from today’s statistics that there is an international market for UK retailers and there is strong international demand for their products. In order to take best advantage of this it is incumbent on governments and international regulators to ensure that they help, not hinder, UK retailers reach keen consumers around the globe.”

Peter Fitzgerald, Retail Director, Google, said: “The growth of mobile and connected devices continued to power our clients’ Export efforts in 2014, with many of the largest emerging and established markets seeing astounding smartphone growth. Understanding the role of mobile in the purchase process is vital if retailers are to unlock its full value.

“In the UK you can’t talk about Q4 without mentioning Black Friday, which saw phenomenal uptake with four times as many searches for Black Friday deals in 2014 than in the previous year. Given these impressive figures, we expect to see interest in Black Friday continue to grow in 2015.

“British leisure brands really blazed a trail this Christmas, with an impressive 285% increase in searches compared to the same period in 2013. Beauty and personal care also saw a real surge of interest, with fragrances, candles, and skincare products all seeing impressive year on year search growth.”

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

Gap: Athleta partners with with Derek Lam 10 Crosby to launch a lifestyle collection that transcends the gym for all day style

Collection to launch Fall 2015

PETALUMA, CA, 2015-2-2 — /EPR Retail News/ — Athleta is pleased to announce its first ever designer collaboration in partnership with Derek Lam 10 Crosby to launch a lifestyle collection that transcends the gym for all day style.

With the rise of the athleisure trend and growth of the women’s active wear category, Athleta and Derek Lam 10 Crosby saw an opportunity to create a collection that incorporates Lam’s aesthetic of minimal designs and feminine sensibility with Athleta’s incredible performance fabrics and fitness expertise.

Launching in stores in September 2015, the brand collaboration will span the length of three delivery seasons encompassing Fall 2015, Winter 2015 and Spring 2016.

“We’re excited to collaborate with partners who share Athleta’s passion for fitness and style and understand that the modern woman lives her life on-the-go,” said Nancy Green, President, Athleta. “Versatile clothing with elevated style that takes her throughout the day is incredibly important to our customer. Derek Lam 10 Crosby is the right brand to expand Athleta’s offerings.”

“Our customer leads a very active lifestyle,” said Derek Lam. “Fitness is very much a part of it and we always strive to create clothing which works in her life. Athleta’s expertise in performance fabrics and fibers has offered us a really exciting opportunity to create a collection which complements perfectly what we do for Derek Lam 10 Crosby.”

“Liz Giardinia, VP of Design for Derek Lam 10 Crosby, who has been working with me very closely on this project, is the perfect inspiration and embodiment of that woman,” said Lam.

Added Green: “Athleta products are designed by women athletes for women athletes. Liz is the perfect designer to uphold that value. She is passionate about fitness and constantly seeks out the hottest new workout to fuel her day.”

The first brand collaboration collection will feature Derek Lam 10 Crosby signature details including 2-in-1 styles and color blocking while incorporating a mixture of Athleta performance fabrics. The collection will include leggings, shorts, dresses, jackets, sweatshirts and custom designed sneakers. The collection will be sold online at www.athleta.com and select Athleta stores as well as the Derek Lam 10 Crosby boutique located in New York City’s Soho district.

ABOUT ATHLETA
Athleta has been the premier fitness apparel brand exclusively for women since 1998. With female athletes as its designers, Athleta creates versatile and fashionable performance and lifestyle apparel for the fitness-minded woman who lives life on the go. Offering products that move with her throughout the day, Athleta strives to help her look as amazing as she feels. Athleta offers apparel and gear for a range of activities from yoga and spin to strength training and run as well as seasonal sports, including ski and tennis. Athleta apparel is sold in retail stores across the country and online at www.athleta.com.

ABOUT DEREK LAM
Derek Lam is a leading New York fashion designer known for his modern approach of blending minimal designs with feminine sensuality. The label’s acclaimed runway collections are defined by Lam’s distinctive take on luxury, anchored in the tradition of classic American sportswear.

Derek Lam International, LLC was founded in New York by Derek Lam and partner Jan-Hendrik Schlottmann in 2003. Lam began his fashion career in 1990 after graduating from Parsons School of Design. He spent twelve years at the highest levels of American fashion as a designer at Michael Kors before starting his own label. In 2006 the collection expanded to include handbags, followed by shoes and eyewear in 2007. In 2011, capitalizing on the strength of the main collection while adding a downtown element, the company launched the more accessible 10 Crosby Derek Lam line which quickly became a success in the contemporary market.

Lam has received abundant recognition within the fashion industry. He won the CFDA Perry Ellis-Swarovski Award for Emerging Talent in Womenswear in 2005, and was a winner of the Vogue/CFDA Fashion Fund Prize in 2005. In 2007, he won Accessory Designer of the Year at the 2007 CFDA Awards.

www.dereklam.com

NACS survey: Even with gas prices near six-year lows, U.S. consumers are still looking for the best gas prices

​ALEXANDRIA, VA, 2015-2-2 — /EPR Retail News/ — Even with gas prices near six-year lows, U.S. consumers are still looking for the best gas prices. Three in five (63%) consumers say they would drive five minutes out of their way to save 5 cents per gallon. An even greater percentage (72%) would pay by cash if they could save five cents per gallon, according to the results of a new consumer survey released today by the National Association of Convenience Stores (NACS).

Nearly three in four consumers (71%) say that the price is the most important factor in determining where they buy gas. Also, consumers are increasingly seeking out discounts for their gas purchases: Two in three (65%) say that they have taken advantage of a discount, such as using a loyalty card or paying by cash to save money buying gas.

“It doesn’t matter whether gas prices are $4.00 or $2.00 per gallon, consumers still want to find the best price possible,” said Jeff Lenard, NACS vice president of strategic industry initiatives. “Retailers are constantly fighting to attract price-sensitive drivers to their stores, especially given that 35% of gas customers say that they also go inside the store after fueling.”

While consumers continue to seek out the best price for their gas, they are driving more because of lower gas prices. Overall, 95% of consumers say that low prices make it easier for Americans to go on vacation, and one in five (20%) say that they are driving more because of lower gas prices.

They also are less likely to seek out alternatives to driving. As a reflection of lower gas prices, consumers say that gas prices would have to increase by $1.53 per gallon before they would try to reduce the amount that they drive. This is the largest gap between current prices and the price at which consumers would change driving behavior in any NACS consumer survey.

Consumers overwhelmingly say that low gas prices are good for the U.S economy (91% agree), but they expect that prices will increase, with two in three (67%) agreeing that gas prices increase in the spring. And they predict that prices will be $2.95 on January 1, 2016.

The survey results were released as part of the 2015 NACS Retail Fuels Report (www.nacsonline.com/gasprices), which examines conditions and trends that could impact gasoline prices. The online resource is annually published to help demystify the retail fueling industry by exploring, among other topics, how fuel is sold, how prices affect consumer sentiment, why prices historically increase in the spring and which new fuels are likely to gain traction in the marketplace.

NACS, which represents the convenience store industry that sells 80% of the gas sold in the country, conducts the monthly consumer sentiment survey to gauge how gas prices affect broader economic trends. The NACS survey was conducted by Penn, Schoen and Berland Associates LLC; 1,108 gas consumers were surveyed January 6-8, 2015.

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Founded in 1961 as the National Association of Convenience Stores, NACS (nacsonline.com) is the international association for convenience and fuel retailing. The U.S. convenience store industry, with more than 151,000 stores across the country, posted $696 billion in total sales in 2013, of which $491 billion were motor fuels sales. NACS has 2,100 retail and 1,600 supplier member companies, which do business in nearly 50 countries.

Find the perfect gift for that special someone this Valentine’s Day at Rite Aid stores nationwide

Stores Nationwide Offering New Designs on Holiday Classics

CAMP HILL, Pa., 2015-2-2 — /EPR Retail News/ — Rite Aid stores nationwide are ready to help customers celebrate the season of love. From decadent chocolates, to Valentine’s Day greeting cards, fresh cut roses or bouquets, loveable plush and heart-themed novelties, throughout Rite Aid’s nearly 4,600 convenient locations, shoppers will find the perfect gift for that special someone on their list.

“Valentine’s Day falls on a Saturday this year, giving Cupids an extra day to shop for the perfect assortment of gifts for their loved one,” said Tony Montini, Rite Aid executive vice president of merchandising. “Whether shopping last minute or planning ahead, Rite Aid carries Valentine’s Day cards, plush, chocolates, giftware, decorations, fresh cut roses and novelty gifts, all at affordable prices, truly making us a convenient, one-stop-shop for all your Valentine’s Day needs this season.”

Chocolate? Yes Please
Whether shopping for significant others, children, casual friends or teachers, this year, Rite Aid is offering a large selection of the staple heart-shaped boxed assorted chocolates in a variety of s. Win your way to your lover’s heart by giving them premium chocolates to indulge in from classics such as Russell Stover, Lindt, Ghirardelli, Dove and Ferrero Rocher. Spoil someone special or treat yourself with candy dish favorites from Hershey, M&M Mars and Nestle. Classroom exchange kits are also available in this year’s favorites such as Frozen, Minions, Teenage Mutant Ninja Turtles and Sponge Bob. Rite Aid also has a great selection of Valentine novelty candies including chocolate roses, teachers apples filled with candy, small heart boxes and Valentine themed theater box candy.

Message Delivered
Looking for the right words? Rite Aid has shoppers covered with its assortment of Valentine’s Day cards by American Greetings, perfect to help Cupids everywhere express their feelings this season. New this year, Rite Aid features a collection by Turnowsky, a line of cards by American Greetings, specializing in intricate designs, elegant style and complemented by detailed finishings. Speaking to a variety of age groups, Rite Aid’s card aisle is filled with warmhearted, humorous and simply stated messages available in bold colors and designs.

Perfect Valentine’s Day Combo
Rite Aid is also offering new designs on a wide array of last-minute gifts for him or her featuring love-inspired drinking cups, vases, frames and glass giftware with romantic phrases or words. Add a cuddly touch to the gift with a loveable plush animal such as TY Valentine’s Day Beanie Boos, 11-inch dancing gorillas, soft 29-inch dogs or the popular 50-inch jumbo beige bear. Complete the gift with a perfume or cologne set from designers such as Coach, Calvin Klein, Nautica or Elizabeth Taylor. And don’t forget fresh cut roses by the dozen or a bountiful bouquet starting at $9.99 available February 12 in red, white and pink!

Make it Personal
Rite Aid’s photo center is filled with gift options to make your sweetheart smile with variety of personalized gifts including a 4×6 mini canvas with easel and (25) 4×6 Valentine photo cards, perfect for classroom exchange. Pair your present with a gift card to your significant other’s favorite restaurant or store such as The Cheesecake Factory, LongHorn Steakhouse, Macy’s or Old Navy. Or create a date night, with gift cards to Starbucks and Regal Cinemas.

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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Contact:

Media: Kristin Kellum 717-975-5713

Target Corp. to open 15 stores in 2015: eight TargetExpress locations, one CityTarget and six general merchandise stores

Fifteen new stores focus on localization and guest experience, including two TargetExpress locations in the Washington, D.C. area and one in Chicago

MINNEAPOLIS, 2015-2-2 — /EPR Retail News/ — Target Corp. (NYSE: TGT) will open 15 stores in 2015, including three distinct store formats: eight TargetExpress locations, one CityTarget and six general merchandise stores. Target’s strategic store growth is focused on reaching guests in urban centers with new formats like TargetExpress and CityTarget, while also offering new experiences, merchandising layouts and innovations in its general merchandise stores.

“Our store growth looks different today than it did five years ago, driven by guests’ expectations for ease and personalization in their shopping experience. Smaller formats like TargetExpress and CityTarget offer customized assortments and services to meet the needs of guests who are increasingly moving into urban centers. In our general merchandise stores, we’re embracing a test and learn philosophy, innovating with layouts and experiences and bringing digital and bricks and mortar together like never before,” said Tina Tyler, executive vice president and chief stores officer, Target.

TargetExpress

In addition to previously announced openings in San Francisco, San Diego and St. Paul, Minn. Target plans to bring two TargetExpress stores to the greater Washington, D.C. area and one to Chicago. The retailer’s newest and smallest format at approximately 20,000 square feet, TargetExpress provides an exceptional quick-trip shopping experience that is distinctly Target. The varying size and locations of these stores will enable Target to create a unique store experience and curated merchandise assortment localized for each community. Target will continue to test TargetExpress stores to learn more about operating small format locations and further enhance and customize the guest experience. Target currently operates one TargetExpress location in Minneapolis, which opened in July 2014 and has already made adjustments based on guest feedback and operational insights. For example, the assortment was expanded to include baking supplies, belts, sunglasses, jewelry and select apparel items, including C9 items. Beyond 2015, Target is exploring a number of opportunities to bring TargetExpress to select major markets across the country, including the greater Philadelphia area, Los Angeles, the greater Washington, D.C. area, Chicago and the San Francisco Bay area.

CityTarget

In 2015, Target will open its first East Coast CityTarget store in Boston near the Fenway ballpark, followed by a location in Brooklyn, N.Y. that will open in 2016 in the City Point development. CityTarget debuted in 2012 to bring the Target experience to urban guests, who have an affinity for great design and great value, but previously had to travel outside the city to one of Target’s suburban store locations. CityTarget offers an edited assortment of its best-selling merchandise with urban dwellers in mind. Smaller pack sizes and a curated assortment mean these guests can easily carry home a smaller package of paper towels or shop for an apartment-scale bistro set, rather than a larger, six-piece patio set designed for suburban dwellers. CityTarget stores are typically smaller than traditional Target stores, ranging in size from 80,000-160,000 square feet, and are some of its highest traffic locations in the company. There are currently eight CityTarget stores, including three in Los Angeles, two in San Francisco, one in Seattle, one in Portland, Ore. and one in Chicago.

General Merchandise

Target continues to innovate with its general merchandise stores, testing new layouts and merchandise assortments to provide guests with a great shopping experience that brings convenient, easy, personalized options. For example, the Fort Worth, Texas store will feature Target’s home product assortment in a lifestyle setting to stop guests in their tracks and allow them to imagine how products might look in their own homes. Additionally, the new Oahu-Kailua, Hawaii store will offer merchandise from approximately thirty local vendors to provide relevant merchandise for guests.

Community Programs and Partnerships

With each new store that Target builds, the company brings its legacy of giving to the local community through the programs and partnerships it supports. In 2015, Target will continue to sponsor numerous programs as part of its commitment to building strong communities including: Take Charge of Education; food donations; disaster response and relief; United Way Workplace Giving; National and Regional Days of Service; team member volunteerism; walks with national partners, including St. Jude and American Cancer Society; and, local giving by individual stores through GiftCard grants and a Community Engagement Fund.

A Great Place to Work

Target prides itself on being a great place to work and offers a dynamic, team-oriented culture focused on delivering excellent guest service. Interested candidates may begin to apply for store positions approximately three months prior to the store-opening date in any of the following ways:

  • Online at Target.com/careers
  • At kiosks located in all Target stores across the country
  • At a local job fair held prior to the store opening date

 

2015 Store Openings

The full list of 2015 store locations is below.

TargetExpress
San Francisco 225 Bush Street March
Berkeley, Calif. 2187 Shattuck Avenue March
St. Paul (Highland Park), Minn. 2080 Ford Parkway July
San Diego (South Park) 3030 Grape Street October
Target plans to open four additional locations: one in the San Francisco Bay area, two in the greater Washington, D.C. area and one in Chicago.
CityTarget
Boston 1341 Boylston Street July
 

General Merchandise

Westwood, Mass. 221 University Avenue March
Maui-Kahului, Hawaii 100 Hookele Street March
Oahu-Kailua, Hawaii 345 Hahani Street March
Lake Bluff, Ill. 975 Rockland Road July
Fort Worth, Texas 8917 Tehama Ridge Parkway October
San Diego 17170 Camino Del Sur October

 

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,790 stores 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.

Morrisons ranks in the top ten largest foodservice business by turnover and seventh largest in the UK by outlet

Milton Keynes, UK, 2015-2-2 — /EPR Retail News/ — On 26 January 2015 Morrisons will open its 400th UK cafe in Milton Keynes, ranking it within the top ten largest foodservice operators in the country.

Morrisons 400 cafe outlets now serve 800,000 customers 35 million meals each year, turning over £225m. This will rank Morrisons foodservice business in the top ten largest by turnover and seventh largest in the UK by outlet.

Darren Smith, Morrisons Café Customer Planner said: “Morrisons has the most popular supermarket cafés. The opening of our four-hundredth café ranks us as the seventh largest UK operator. Our formidable reputation is testament to our sound menu offer, helpful staff and loyal customer base.”

Last September Morrisons launched a new café concept, which will be in all new stores and retro-fitted to existing ones. Footfall in trial cafes has increased by 25 per cent.

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Russia’s largest food retailer “Magnit” changes its official website ir.magnit.com

Krasnodar, Russia, 2015-2-2 — /EPR Retail News/ — PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MICEX and LSE: MGNT), announces the change of the official website for information disclosure.

Please be informed that the official website used by the Company for information disclosure has been changed from http://www.magnit-info.ru to http://ir.magnit.com.

According to the legislation of the Russian Federation, information will be also disclosed at http://www.e-disclosure.ru/portal/company.aspx?id=7671.

For further information, please contact:

Timothy Post
Director, Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562

Dina Svishcheva
Deputy Director, Investor Relations
Email: Chistyak@magnit.ru
Office: +7-861-277-45-54 x 15101
Mobile: +7-961-511-0202
Direct Line: +7-861-277-4562

Company description: Magnit is Russia’s largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of December 31, 2014, Magnit operated 27 distribution centers and over 9,700 stores (8,344 convenience, 287 hypermarkets, and 1,080 drogerie stores) in approximately 2,100 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts for 2014, Magnit had revenues of RUB 764 billion and an EBITDA of RUB 86 billion. Magnit’s local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor’s of BB. Measured by market capitalization, Magnit is one of the largest retailers in Europe.

 

 

Rossmann opens its 1,000th store in Poland

POLAND, 2015-2-2 — /EPR Retail News/ — On 30 January Rossmann celebrates its 1,000th store opening in Poland.

This milestone has sealed the brand’s undisputed market leadership with a 26% share in the Polish drugstore and cosmetics sector, operating in more than 400 Polish towns and cities, and every day they are visited by nearly 600,000 customers, as the Poles’ most favourite chemist’s shop.

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Rossmann opens its 1,000th store in Poland

Rossmann opens its 1,000th store in Poland