Gap Inc.’s net sales increased 3 percent to $4.71 billion in the fourth quarter of fiscal year 2014

Grows Fourth Quarter Net Sales 5 Percent on a Constant Currency Basis; Increases Full-Year Earnings per Share Guidance Range to $2.86 to $2.87

SAN FRANCISCO, 2015-2-10 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today reported that net sales for the four-week period ended January 31, 2015 were $888 million compared with net sales of $899 million for the four-week period ended February 1, 2014. For the fourth quarter of fiscal year 2014, Gap Inc.’s net sales increased 3 percent to $4.71 billion compared with $4.58 billion for the fourth quarter last year.

On a constant currency basis, Gap Inc. net sales increased 5 percent for the fourth quarter of fiscal year 2014. In calculating net sales growth on a constant currency basis, current year foreign exchange rates are applied to both current year and prior year net sales. This is done to enhance the visibility of underlying business trends, excluding the impact of foreign currency exchange rate fluctuations.

“We’re pleased to have grown comparable sales 2 percent for the fourth quarter, driven by a strong, double-digit comp at Old Navy,” said Sabrina Simmons, chief financial officer, Gap Inc.

January Comparable Sales Results

Gap Inc.’s comparable sales for January 2015 were down 3 percent versus positive 1 percent last year. Comparable sales by global brand for January 2015 were as follows:

  • Gap Global: negative 9 percent versus positive 1 percent last year
  • Banana Republic Global: positive 2 percent versus negative 10 percent last year
  • Old Navy Global: positive 3 percent versus positive 4 percent last year

Fourth Quarter Comparable Sales Results

Gap Inc.’s comparable sales for the fourth quarter of fiscal year 2014 were up 2 percent versus positive 1 percent last year. Comparable sales by global brand for the fourth quarter were as follows:

  • Gap Global: negative 6 percent versus positive 1 percent last year
  • Banana Republic Global: positive 1 percent versus negative 3 percent last year
  • Old Navy Global: positive 11 percent versus flat last year

Fourth Quarter Guidance

The company raised its fiscal year 2014 diluted earnings per share guidance range to $2.86 to $2.87, driven by its fourth quarter results, as well as a lower effective tax rate. For the fourth quarter of fiscal year 2014, the company expects diluted earnings per share to be in the range of $0.73 to $0.74.

Gap Inc. now expects a fiscal 2014 full-year effective tax rate of about 37.3 percent, which is below the company’s previous guidance of about 38 percent, primarily driven by the retroactive extension in December 2014 of certain tax benefits.

Additional insight into Gap Inc.’s sales performance is available by calling 1-800-GAP-NEWS (1-800-427-6397). International callers may call 706-902-4949. The recording will be available at approximately 1:00 p.m. Pacific Time on February 9, 2015 and available for replay until 1:00 p.m. Pacific Time on February 13, 2015.

Fourth Quarter Earnings

Gap Inc. will release its fourth quarter earnings results via press release on February 26, 2015 at 1:00 p.m. Pacific Time. In addition, the company will host a summary of Gap Inc.’s fourth quarter results during a live conference call and webcast on February 26, 2015 at approximately 2:00 p.m. Pacific Time. The conference call can be accessed by calling 1-855-5000-GPS or 1-855-500-0477 (participant passcode: 1307676). International callers may dial 913-643-0954. The webcast can be accessed at

February Sales

The company will report February sales on March 5, 2015.

Forward-Looking Statements

This press release and related sales recording contain forward-looking statements within the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements other than those that are purely historical are forward-looking statements. Words such as “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan,” “project,” and similar expressions also identify forward-looking statements. Forward-looking statements include statements regarding:

  • earnings per share for the fourth quarter and fiscal year 2014; and
  • effective tax rate for fiscal year 2014.

Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause the company’s actual results to differ materially from those in the forward-looking statements. These factors include, without limitation, the following:

  • the risk that additional information may arise during the company’s close process or as a result of subsequent events that would require the company to make adjustments to its financial expectations.

Additional information regarding factors that could cause results to differ can be found in the company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2014, as well as the company’s subsequent filings with the Securities and Exchange Commission.

These forward-looking statements are based on information as of February 9, 2015. The company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

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 2014 net sales were $16.4 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

JCPenney launches first-ever product line from Epicurious

PLANO, TX, 2015-2-10 — /EPR Retail News/ — JCPenney announced today the launch of the first-ever product line from Epicurious. Recently re-launched as the first-ever food utility, offers over 26 million consumers a highly curated recipe database, informative how-to videos, product recommendations and now, its very own product line. Through a unique collaboration with Condé Nast, this new line of Epicurious® cookware is now exclusively available on and will be available in approximately 600 JCPenney stores this month.

“We are thrilled that Epicurious chose JCPenney to launch their first-ever product line,” said Jan Hodges, senior vice president for home at JCPenney. “Home is an important part of our growth strategy, and partnering with Epicurious gives us the opportunity to connect our home store with millions of users who trust the experts at for professionally-tested recipes and tips on entertaining family and friends.”

Designed for today’s community of passionate cooks, the Epicurious collection of cookware at JCPenney is both beautiful and practical. From braising to blanching, the Epicurious collection has a solution for every home chef with cookware that includes covered saucepans, dutch ovens, fry pans and more. Available on sale from $159.99 to $179.99, the aluminum non-stick, stainless steel and hard-anodized sets offer 11 pieces each and are dishwasher safe. The cast iron set features a light hand-ground, hand-cast round griddle for $34.99 and a covered pan for $39.99. Each piece in the Epicurious collection was designed with food enthusiasts in mind and features excellent heat retention and distribution, tempered glass lids, silicone wrapped “stay cool” handles and more.

“Epicurious is the ultimate food resource offering home cooks the very best recipes,” said Rhoda Boone, food editor for Epicurious. “Our new professional-grade cookware collection, available exclusively at JCPenney, combines style and function to offer even more help in the kitchen. With millions of consumers, is a trusted food resource taking on a bold, new direction.”

For related product images, please visit“EPICURIOUS”

JCPenney Media Relations
972-431-3400 or

About JCPenney
J. C. Penney Company, Inc. (NYSE: JCP), one of the nation’s largest apparel and home furnishing retailers, is dedicated to fitting the diversity of America with unparalleled style, quality and value. Across approximately 1,060 stores and at, customers will discover a broad assortment of national, private and exclusive brands to fit all shapes, sizes, colors and wallets. For more information, please visit


JCPenney launches first-ever product line from Epicurious

JCPenney launches first-ever product line from Epicurious

METRO partners with US company Techstars to support innovative hospitality start-ups

  • Techstars METRO Accelerator: METRO collaborates with US partner Techstars to promote digital innovations for customers in the hospitality sector
  • Innovation to be an integral part of METRO GROUP’s corporate strategy: customer and market trends to be incorporated faster into business operations
  • Focus on new channels, logistics and marketing solutions as well as innovative services
  • New “Innovation in Retail Meetup” network promotes communication between start-ups and METRO GROUP

Düsseldorf, Germany, 2015-2-10 — /EPR Retail News/ — METRO GROUP is actively shaping the future of the trade industry and is increasingly opening up its sales lines both inwardly and outwardly to innovative ideas. With this objective, METRO is joining up with US company Techstars, one of the most highly recognised international mentorship programmes, to support innovative hospitality start-ups. The newly launched Techstars METRO Accelerator targets companies offering innovative technology applications for the restaurant, hotel and catering industries. In the context of this programme, experienced mentors and experts spend three months helping start-ups to advance their business. Techstars METRO Accelerator is the first global programme focused on technology applications for the hospitality sector. International digital agency R/GA will supplement both partners’ knowhow at the Techstars METRO Accelerator in Berlin.

Teams of founders are being sought with technology-based services and products that simplify, accelerate and digitise operational processes and customer relationships of restaurants, cafés, snack bars and catering businesses or hotels. The aim is to make this important METRO customer group even more successful in future thanks to technological innovations. The programme will kick off at the end of April in Berlin. “With programmes like the Accelerator, we are searching specifically for innovations that tie in with our strengths and which we can thus develop better than others,” says Olaf Koch, Chairman of the Management Board of METRO AG and CEO of METRO Cash & Carry. “With 1.6 billion customers per year in our stores, almost a billion visitors on our websites and around 75 million loyalty cards, METRO GROUP has a unique customer base in a broad portfolio of retail formats. Coupled with our marketing and sales power as well as our procurement competence, we have the ability to help new ideas and innovations, both stationary and digital, to succeed.”

In order to promote communication between innovative technology start-ups from the trade and hospitality sectors with METRO GROUP and its sales lines, the company has created a new platform. At the “Innovation in Retail Meetups” at the Metro Campus in Düsseldorf, business founders present their ideas and business models and discuss them with other entrepreneurs, start-up experts and Metro representatives. The bi-monthly Meetups were started only recently, but have already evolved into a popular networking platform for the sector.

Overall, the international retail and wholesale company is amalgamating the realignment of its sales lines according to relevant customer, market and technological trends. To this end, METRO GROUP is merging the areas of Strategy, Investment Management and Business Innovation into one powerful strategic unit. “Our strategy aims to achieve a balanced mixture of business models and countries in future,” Koch says. “This includes on the one hand the repositioning of our sales lines, but also developing new business segments. With our new innovation approach, we see ourselves well equipped to do this.”

Within this framework, METRO GROUP is aligning itself into five innovation areas that will serve as a basis for all innovation projects. The first innovation area, “Store”, will take into account the development that purely online traders are increasingly looking for a way into real selling spaces. One successful test project in this context was a pop-up store that the US online trader eBay carried out in cooperation with online payment service PayPal and METRO GROUP in Bremen up to the end of January 2015. All sales lines are set to profit from the new opportunities for customer retention, sales approach, and customer advice and incentivisation.

The second innovation area, “Channel”, focuses on the accelerated development of various distribution channels. Multi- and omni-channels are the relevant approaches that must be implemented here. The most recent example is the Media Markt and Saturn web shops on the eBay platform that have been opened as a new distribution channel.

The growth of food e-commerce has conferred even greater importance on logistics. The third innovation area, “Logistics, Supply Chain, Procurement and Warehousing”, will open up new opportunities in this segment for METRO GROUP. Finally, the aim of the fourth innovation area, “Marketing”, is to optimise the sales approach of all sales lines.

The fifth innovation area, “New Products & Services”, will develop customer-centred models for new products and services. For example, more than just the normal product range is to be offered to METRO Cash & Carry’s most important customer base: companies from the gastronomy, hotel and catering industry. Specially tailored services are set to support customers particularly in the sector’s ongoing digitisation.

METRO GROUP is one of the largest and most important international trading companies. During the financial year 2013/14, it generated sales of about €63 billion. The company operates around 2,200 stores in 30 countries and has a headcount of around 250,000 employees. The performance of METRO GROUP is based on the strength of its sales brands that operate independently in their respective market segments: METRO/MAKRO Cash & Carry – the international leader in self-service wholesale – Media Markt and Saturn – the European market leader in consumer electronics retailing – Real hypermarkets and Galeria Kaufhof department stores.

BRC-KPMG ONLINE RETAIL SALES MONITOR JANUARY 2015: Online sales of Non-Food products in the UK grew 11.7% in January vs a year earlier

LONDON, 2015-2-10 — /EPR Retail News/ — Online sales of Non-Food products in the UK grew 11.7% in January versus a year earlier, when it had risen by 19.2% over the previous year. This month’s growth is close to the 12-month average of 12.0%. In January 2015, online sales represented 18.4% of total Non-Food sales, against 16.8% in January 2014.

Toys & Baby Equipment was the second fastest growing category in January, reporting its best growth since it became an RSM category in June 2014. Footwear also experienced its best performance since December 2012.

Online sales contributed 2.0 percentage points to the growth of Non-Food total sales in January. The 3-month average contribution of online to Non-Food growth exceeded that of stores for the fifth consecutive month.

Helen Dickinson, Director General, British Retail Consortium, said: “Online sales for January tend to be strong with people enjoying surfing for online bargains after the busy frenzy of Christmas shopping. With the January penetration rate only second to November this shows just how popular online sales were.

“As websites continue to improve with more stock being listed online it is not a surprise that we loved buying online this January. We were particularly enthusiastic about buying shoes online as over £1 in every £3 of footwear purchases was spent online, perhaps because we could see immediately whether our size was still available in the sales. Retailers who have invested in an omni-channel strategy will certainly take comfort in these figures.”

David McCorquodale, Head of Retail, KPMG, said: “Online sales had a strong January, bolstered by seasonal sales campaigns and targeted marketing drives. This side of retailers’ business has a leading role to play in driving overall sales growth, with more shoppers than ever choosing the convenience of buying online.

“In order to significantly move the dial substantial spend is needed to improve the robustness of retailers’ systems and improve the experience for customers. Retailers’ online operations warrant the lion’s share of their investment budgets this year.”

British Retail Consortium, 21 Dartmouth Street, Westminster, London, SW1H 9BP. 020 7854 8900.

BRC-KPMG RETAIL SALES MONITOR JANUARY 2015: UK retail sales increased by 0.2% on a like-for-like basis from January 2014

LONDON, 2015-2-10 — /EPR Retail News/ — UK retail sales increased by 0.2%, on a like-for-like basis from January 2014, when they had increased 3.9% on the preceding year. On a total basis, sales were up 1.6%, against a 5.4% rise in January 2014 and above the 12-month average of 1.4%.

Adjusted for the BRC-Nielsen Shop Price Index deflation, total growth was 2.9%.

Total Food sales grew for the second consecutive month in January and showed a 0.2% rise over the last three months, its best performance since February 2014. The Non-Food performance was helped by the continuation of end-of-season sales into January.

Online sales of non-food products in the UK grew 11.7% in January versus a year earlier, when it had grown 19.2%. The Non-Food online penetration rate was 18.4%, up from 16.8% in January 2014.

Helen Dickinson, Director General, British Retail Consortium, said: “Retail sales have continued to grow with January reporting a respectable 1.6 per cent increase. Looking into the numbers a little more closely gives us even more cause for optimism – last year retailers had a bumper January so to see growth against such a tough comparison shows the industry to be in rude health. Customers were offered attractive bargains on winter ranges but it remains to be seen at what cost to the retailers’ margins.

“Shoppers were in the mood to buy products aimed at helping them lead a healthier lifestyle – from fruit and veg to exercise equipment, all these kinds of products have been selling strongly. Given the time of year this is no surprise and retailers have capitalised by making sure they have the right stock, at the right price to help consumers achieve their New Year goals.”

David McCorquodale, Head of Retail, KPMG, said: “After a subdued December, retailers experienced a semi-revival in fortunes as shoppers took advantage of the bargains on offer in the January sales. The clothing, toys and household appliances sectors particularly benefitted from this spending spree, notching up year-on-year growth against tough comparables from the year before.

“These figures clearly demonstrate the difficult cycle that retailers are trapped in. Demand is now almost solely driven by discounts, with shoppers very reluctant to buy goods at full price in the hope that yet another sale could be just around the corner. This promotion-led environment risks becoming the new normal: retailers are struggling to persuade consumers to break the habit and go back to the traditional sales cycle.

“The grocery sector saw its first growth in three-month average total sales since the first half of last year – an encouraging sign from the battlefield. With consumers benefitting from lower fuel and petrol prices, retailers are fighting for their share of these savings.”

British Retail Consortium, 21 Dartmouth Street, Westminster, London, SW1H 9BP. 020 7854 8900.

CBRE’s facilities management client base achieved strong growth in 2014 with 32 new or expanded long-term contracts

Los Angeles, 2015-2-10 — /EPR Retail News/ — CBRE Group, Inc. announced today that its Facilities Management service line achieved strong growth in 2014, with 32 new or expanded long-term contracts. CBRE’s facilities management client base is comprised of over 110 corporations, healthcare providers and government institutions across 105 countries. During the year, CBRE took on management responsibilities of more than 140 million sq. ft. of facilities.

“CBRE is extremely pleased to see the continued momentum in our facilities management services worldwide,” said Alex Darragh, Global Director of CBRE’s Facilities Management service line. “We have realized strong growth across our Americas, APAC and EMEA regions, as an increasing number of multinational and regional companies are experiencing the benefits of facilities management outsourcing.  Most notably, the acquisition of Norland Managed Services bolstered our service offering for our EMEA business, particularly with respect to critical environments services for specialty assets like data centers and trading floors.”

The Americas region accounted for 105 million sq. ft. of the increase as CBRE added new clients or expanded business with large-portfolio clients such as CHRISTUS in 2014. The amount of facilities space managed in the Asia Pacific region grew by 20 million sq. ft. with the addition of regional clients such as Australia and New Zealand Banking Group, which is headquartered in Auckland. Our EMEA region had a strong year, increasing the amount of managed facilities by 17 million sq. ft., and attracting clients like Zoetis, a global animal health company.

Ian Entwisle, CEO of EMEA Global Corporate Services for CBRE, commented, “Facilities Management remains a very popular real estate function to outsource in EMEA. Innovation and risk management have become core parts of the attraction of the service. This means companies realize they can create competitive advantages through leveraging scale and utilizing advances in technology to create better work environments.”

In addition to the growth in new and expanded portfolios within each world region, CBRE also renewed multi-year facilities management contracts with 19 existing clients in 2014.  These renewed client contracts total an additional 155 million sq. ft. of facilities that CBRE will manage over the next three to five years. CBRE’s growth in the facilities management space in 2014 brings the size of the firm’s total managed facilities portfolio to 3.5 billion sq. ft.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue).  The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at

For Further Information

Robert Mcgrath
Director, Sr
T +1 212 9848267

CarMax, Inc. starts hiring for the its first store in Gainesville, Florida

Retailer Known for Hiring Outside the Auto Industry Accepting Applications

RICHMOND, Virginia, 2015-2-10 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, is currently hiring for the company’s first store in Gainesville, Florida. It is CarMax’s 14th store in the state of Florida.

The new store, which is more than 40,000 square-feet, is scheduled to open in May 2015 at 4185 N Main Street. Applications are now being accepted for the available positions on the retailer’s website at

Who is CarMax Hiring?

  • CarMax is seeking applicants for full and part-time positions.
  • Available positions are in service operations (detailers, painters, experienced technicians), as well as customer specialists, who work with the customers from start to finish on car purchases and appraisals.
  • Many CarMax associates have worked for other major retailers, such as Target, Lowe’s, Wal-Mart and Macy’s.
  • Technicians require previous automotive experience, however most positions do not.


How Can Job Seekers Apply?

  • Applications are only accepted online. Job seekers should apply at
  • To see videos with first-hand accounts from CarMax associates, visit the YouTube page on
  • CarMax will contact applicants and set up interviews after an initial review of applications.


About CarMax
CarMax, a member of the FORTUNE 500 and the S&P 500, and one of the FORTUNE “100 Best Companies to Work For” for 10 consecutive years, is the nation’s largest retailer of used vehicles. Headquartered in Richmond, Virginia, CarMax currently operates 143 superstores in 72 markets. The CarMax consumer offer features low, no-haggle prices, a broad selection of CarMax Quality Certified used vehicles, and superior customer service. During the 12 months ending February 28, 2014, the company retailed 526,929 used cars and sold 342,576 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at

Media Contact
Michelle Ellwood, CarMax Public Relations, (804) 747-0422 ext. 4139
Twitter: @CarMax, Facebook:

Dollar General announced week of in-store and online savings for home essentials and everything needed for a special Valentine’s Day

Major retailer provides additional savings on home essentials and Valentine’s Day items

Goodlettsville, Tennessee,  2015-2-10 — /EPR Retail News/ — Starting today (February 09, 2015), Dollar General is offering customers a week of in-store and online savings for home essentials and everything needed for a special Valentine’s Day.

“This is an especially exciting week of savings at Dollar General as we provide an even greater value on the quality and trend-right home items customers seek to begin their spring cleaning and decorating,” said Dave D’Arezzo, Dollar General’s executive vice president and chief merchandising officer. “Also this week, both in stores and online, Dollar General has all the essentials to celebrate a fun Valentine’s Day with the ability to save even more with the new DG Digital Coupons.”

Home Essentials
Now through Feb. 14, 2015, customers can receive a 50% off discount off their entire qualifying purchase of select Comfort Bay® and TrueLiving® housewares and domestic items available in more than 11,700 stores across the country or online at  In order to receive the discount, customers may obtain the 50% off coupon in one of four ways including:

  1. Text “HOMEHALF” to 34898 to receive this and future offers sent directly to their mobile phone.
  2. Download the coupon on the Dollar General app, available on iPhone and Android smartphones.
  3. Visit to print an at-home coupon.
  4. Visit on your mobile device to see the coupon and savings in the DG mobile coupon center.

The sale applies to kitchen appliances, non-disposable beverage ware, cookware/bakeware, storage containers, kitchen gadgets, hangers, trash cans, laundry hampers and plastic accessories, light bulbs, mops and brooms, reusable space bags, bath coordinates, bath towels, kitchen tablecloths, bed pillows, mattress pads, placemats, rugs, sewing notions, sheet sets, shower liners, tub mats, wastebaskets, soap dishes, shower hooks, shower curtain rods and window treatments.  The offer excludes home décor, outdoor décor, candles, potpourri, clocks, lamps, lamp shades, blankets, throws, flowers, framed art, picture frames, disposable plates, paper products, plastic cutlery, As Seen on TV™ items, cleaning chemicals and disposable products. Other exclusions may apply.

Valentine’s Day Items
Remember to visit Dollar General this week to save on Valentine’s Day essentials while showing lots of love.  Customers may take advantage of great deals and digital coupons to save even more this year.

Beginning Feb. 10, most Dollar General stores will begin offering single-stem roses for only $2 each.  Dollar General is also helping customers stretch their budget this year with everything from candy and gifts like gift cards and electronics to 50-cent and one dollar greeting cards, home décor and children’s gifts for the classroom.

For additional information, photographs or items to supplement a story, please contact the Media Relations Department at 1-877-944-DGPR (3477) or via email at

Dollar General Corporation has been delivering value to shoppers for 75 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, house wares and seasonal items at low everyday prices in convenient neighborhood locations. With more than 11,000 stores in 40 states, Dollar General has more retail locations than any retailer in America. In addition to high quality private brands, Dollar General sells products from America’s most-trusted manufacturers such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo. For more information on Dollar General, please visit