Netflix to premiere exclusively the new feature film, Pee-wee’s Big Holiday

  • Pee-wee’s Big Holiday, A New Feature Film By Paul Reubens and Paul Rust, Available Exclusively To The Global Membership of Netflix
  • John Lee Makes His Feature Film Directorial Debut, Beginning Production in March 2015

Beverly Hills, Calif., 2015-2-24 — /EPR Retail News/ — Netflix, the world’s leading Internet TV network, will premiere exclusively in all of its territories the new feature film, Pee-wee’s Big Holiday, starring Paul Reubens as the beloved fun-loving hero of TV, stage and film, Pee-wee Herman.

Judd Apatow (Anchorman, Bridesmaids) and Reubens, who worked together to bring the project to fruition, will produce the film. Reubens and Paul Rust (Comedy Bang! Bang!, Arrested Development) wrote the film. John Lee (Broad City, Inside Amy Schumer) makes his feature film directorial debut with production beginning in early 2015.

In Pee-wee’s Big Holiday, a fateful meeting with a mysterious stranger inspires Pee-wee Herman to take his first-ever holiday in this epic story of friendship and destiny.

“We didn’t hesitate for a moment knowing that Pee-wee’s Big Holiday was such a passion project for Paul and Judd and we are delighted by the opportunity to introduce such a beloved character to a new generation,” said Netflix Chief Content Officer Ted Sarandos. “We are thrilled to bring our viewers around the world the wonder of Pee-wee Herman.”

“As a fan of Pee-wee Herman since he first appeared on The Dating Game, I am thrilled to have the opportunity to work with the brilliant Paul Reubens on this film. It is a dream come true,” said Judd Apatow.

“Judd and I dreamt up this movie four years ago. The world was much different back then— Netflix was waiting by the mailbox for red envelopes to arrive. I’ve changed all that. The future is here. Get used to it. Bowtie is the new black,” said Pee-wee Herman.

For more information, please read Pee-wee Herman’s log (that’s blog without the “b”) at: http://peewee.com.

Paul Reubens created the iconic character, Pee-wee Herman, while a member of the famed Los Angeles improv group The Groundlings. The Pee-wee Herman Show premiered at The Groundlings Theatre on February 7, 1981 at midnight. It quickly moved to The Roxy on Sunset Strip where it ran for an unprecedented five months. The HBO broadcast of the show introduced Pee-wee to a national audience. Pee-wee Herman was brought to the big screen in the hit 1985 comedy Pee-wee’s Big Adventure, which Paul Reubens co-wrote and marked Tim Burton’s directorial debut. Reubens went on to create, co-write and co-direct Pee-wee’s Playhouse on CBS where the series earned 22 Emmy® Awards during its five year run. Reubens has been nominated for 14 Emmy® Awards, winning twice. In January of 2010, Reubens starred in, produced and co-wrote The Pee-wee Herman Show which completed a critically acclaimed four week run at LA Live’s Club Nokia in Los Angeles. With the incredible success in Los Angeles, Reubens brought The Pee-wee Herman Show to Broadway which opened November 11, 2010 to rave reviews with The New York Times calling the show, “Yummier than chocolate;” New York saying, “Welcome Back, Pee-wee! You were sorely missed;” and the New York Post saying, “the audience screams for joy!” Three decades after his first HBO special, Reubens returned to the network with an exclusive version of the hit Broadway show.

Reubens has starred in a number of diverse film and TV roles, including 30 Rock, Pushing Daisies, Reno 911, Everybody Loves Raymond and Murphy Brown which earned him an Emmy® nomination. His film credits include Mystery Men, Buffy the Vampire Slayer, Blow, David O. Russell’s dark comedy, Nailed, and Todd Solondz’s Life During Wartime. In the world of animation, Reubens has lent his voice to many projects including The Nightmare Before Christmas, Star Wars Rebels, Robot Chicken, Family Guy and Smurfs. He is currently developing a variety show for television and appears in a recurring role on NBC’s hit drama The Blacklist.

About Netflix
Netflix is the world’s leading Internet television network with over 57 million members in nearly 50 countries enjoying more than two billion hours of TV shows and movies per month, including original series, documentaries and feature films. Members can watch as much as they want, anytime, anywhere, on nearly any Internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.

Contact Us

BRC Director Helen Dickinson comments on the Low Pay Commission’s recommended increases to the National Minimum Wage

LONDON, 2015-2-24 — /EPR Retail News/ — Responding to the Low Pay Commission’s recommended increases to the National Minimum Wage, BRC Director General Helen Dickinson said:

“The LPC has once again done a careful job of balancing protection for economic growth, jobs and productivity and the need to continue to help raise the incomes of the lowest paid. This highlights the importance of the independence of the LPC. Decisions about the rate of the minimum wage need to be based on sound evidence and not political expediency. Instead, political attention should be focused on supporting those who find themselves stuck in lower paying roles to progress to higher rates of pay. Over the coming year, the BRC will be working with the retail industry to identify the problems some people can face. We hope that by addressing these issues we can help improve productivity and move more people out of low pay faster than could be achieved by arbitrary tinkering with hourly pay.”

ENDS

Notes
1) Please find a link to the Low Pay Commission’s recent recommendations here: https://www.gov.uk/government/news/low-pay-commission-recommends-3-increase-in-the-national-minimum-wage-to-670

For media enquiries please contact:
Laura Blumenthal, Communications Assistant on 0207 854 8924, laura.blumenthal@brc.org.uk

www.brc.org.uk

Delhaize Group Tender Offer final results: $170 million Principal Amount Tendered and Accepted

Brussels, Belgium, 2015-2-24 — /EPR Retail News/ — Delhaize Group (the “Company” or “Delhaize Group”) announced the final results of its previously announced offer (the “Maximum Tender Offer”) to purchase for cash up to the Maximum Tender Amount of its 4.125% Senior Notes due 2019 (the “2019 Notes”). The Maximum Tender Amount was $172 262 000.

The terms and conditions of the Maximum Tender Offer were described in the Offer to Purchase, dated January 27, 2015 (the “Offer to Purchase”).

The Maximum Tender Offer expired at 11:59 p.m., New York City time, on February 24, 2015 (the “Maximum Tender Expiration Time”). The table below identifies the principal amount of 2019 Notes validly tendered and not validly withdrawn prior to the Maximum Tender Expiration Time and the principal amount of 2019 Notes that Delhaize Group has accepted for purchase.

 

CUSIP No.
Title of Security
Principal Amount Outstanding(1)
Maximum
Tender Amount
Principal Amount Tendered(2)
Principal
Amount Accepted(2)
24668PAF4 4.125% Senior Notes due 2019 $300 000 000 $172 262 000 $170 088 000 $170 088 000

(1)   As of the commencement of the Maximum Tender Offer.

(2)   Includes $170 051 000 aggregate principal amount of 2019 Notes that were validly tendered and not validly withdrawn at or prior to 5:00 p.m., New York City time, on February 9, 2015 (the “Early Tender Time”) and accepted for purchase on the Maximum Tender Early Settlement Date.

All 2019 Notes tendered in the Maximum Tender Offer have been accepted for purchase.

J.P. Morgan Securities LLC acted as the dealer manager (the “Dealer Manager”) for the Maximum Tender Offer. The information and tender agent for the Maximum Tender Offer (the “Information and Tender Agent”) was D.F. King & Co., Inc. Questions regarding the Maximum Tender Offer should be directed to J.P. Morgan Securities LLC, Liability Management Group at (800) 834 4666 (toll-free) or (212) 834-3424 (collect).

Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

» Delhaize Group
Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of 2014, Delhaize Group’s sales network consisted of 3 468 stores. At the end of 2014, Delhaize Group employed approximately 152 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website http://www.delhaizegroup.com. Questions can be sent to investor@delhaizegroup.com.

» Offer and Distribution Restrictions
This press release is neither an offer to purchase nor a solicitation to buy any of the 2019 Notes nor is it a solicitation for acceptance of the Maximum Tender Offer. Delhaize Group made the Maximum Tender Offer only by, and pursuant to the terms of, the Offer to Purchase.

The distribution of this press release in certain jurisdictions may be restricted by law. Persons into whose possession this press release comes are required by each of the Company, the Dealer Manager and the Information and Tender Agent to inform themselves about and to observe any such restrictions.

» Contacts
Investor Relations: + 32 2 412 2151
Media Relations: + 32 2 412 8669

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
Statements that are included or incorporated by reference in this press release and other written and oral statements made from time to time by Delhaize Group and its representatives, other than statements of historical fact, which address activities, events and developments that Delhaize Group expects or anticipates will or may occur in the future, are “forward-looking statements” that are subject to risks and uncertainties. These forward-looking statements generally can be identified as statements that include phrases such as “outlook”, “expect”, “anticipate”, “will”, “should” or other similar words or phrases. Actual outcomes and results may differ materially from those projected depending upon a variety of factors, including, but not limited to, changes in the general economy or the markets of Delhaize Group, in consumer spending, changes in inflation or currency exchange rates or changes in legislation or regulation. Additional risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements are described in the Offer to Purchase and Delhaize Group’s most recent Annual Report on Form 20-F and other periodic filings made by Delhaize Group with the U.S. Securities and Exchange Commission. Delhaize Group disclaims any obligation to update developments of these risk factors or to announce publicly any revision to any of the forward-looking statements contained in this release, or to make corrections to reflect future events or developments.

French fashion retailer Kiabi won 2 retail technology awards for IT projects carried by Wincor Nixdorf

Wincor Nixdorf successful as IT partner for retail

Paderborn, Germany, 2015-2-24 — /EPR Retail News/ — This year, two of the coveted “retail technology awards europe” went to projects for which Wincor Nixdorf is the IT partner of the retail company that received the award.

The “retail technology awards europe” are presented by the EHI Retail Institute for outstanding, innovative IT solutions in the retail sector. The winners are selected from a number of submissions by a jury of renowned representatives from industry, universities and research institutes. Prizes are awarded in four categories: Best Instore Solution, Best Enterprise Solution, Best Customer Experience and, for the first time this year, Best Multichannel Solution. The awards were presented on February 24, 2015 at a gala evening as part of the EuroShop / EuroCIS trade fair.

The prize for Best Multichannel Solution went to the French fashion retailer Kiabi, which operates more than 450 stores in France, Spain, Italy, Portugal, Morocco and Russia. Kiabi positions itself rigorously as a multichannel retailer in order to offer its customers a seamless shopping experience across all its sales channels. For example, customers can visit the company’s bricks-and-mortar stores to collect, exchange, or return items they have ordered in Kiabi’s webshop. They can also order items in the store using a touch terminal installed there. Part of the high-tech shopping experience is the equipment issued to Kiabi employees that allows them to accept customer payments anytime, anywhere. Wincor Nixdorf is Kiabi’s IT partner for implementing this multichannel project: Its modern retail store software TP.net 4.5 was installed at approximately 3,200 Kiabi POS stations, the retailer’s online and offline worlds were integrated, and all of its requirements for multichannel retail business with regard to functionality, architecture and an international orientation were met. Among other things, a consistent flow of data between sales and merchandise management is secured so that, for example, order processes and item availability can be coordinated across channels. Moreover, the stationary checkout systems in Kiabi’s stores are connected to a variety of mobile applications on end devices running iOS and Android operating systems, and the integration of POS peripheral devices in mobile processes is ensured.

The category Best Enterprise Solution rewards projects that lead to significant increases in a company’s efficiency through the implementation of innovative systems and technologies. This award was garnered this year by the Edeka Group. As Edeka’s IT subsidiary, Lunar GmbH has taken on the task of optimizing Edeka’s business processes at retail, wholesale and headquarters level, including ensuring effective processes at checkout. Lunar’s IT partner, Wincor Nixdorf, worked closely with Lunar to develop a checkout simulation tool that uses genuine POS data to reconstruct, simulate, and analyze checkout processes in detail on a computer. All the relevant variables flow into these simulations, from customer structures to volumes of merchandise purchased, scanning processes, and even cash handling. The process enables predictions on the expected capacity utilization of the checkouts, their throughput, and even customer waiting time. Through comparisons of available checkout technologies, (staffed checkout, self-service checkout, mobile checkout or tunnel scanner) it is possible to determine which checkout structures and technologies ensure the most effective checkout processes and support the retailer’s strategy optimally. The Edeka Group uses this simulation instrument to make informed decisions about checkout equipment for the situation in a specific market.

Press Contact

Press/Financial Press

Andreas Bruck
Head of Corporate Communications
Phone: +49 5251 693 5200
E-Mail: andreas.bruck@wincor-nixdorf.com

Press/Trade Press

Dr. Thomas Daubenbüchel
Head of Press and Editorial Office
Phone: +49 5251 693 5212
E-Mail: thomas.daubenbuechel@wincor-nixdorf.com

Ulrich Nolte
Phone: +49 5251 693 5211
E-Mail: ulrich.nolte@wincor-nixdorf.com

Trade Press

Claudia Wendorff-Goerge
Phone: +49 5251 693 5203
E-Mail: claudia.wendorff-goerge@wincor-nixdorf.com

Bloom Energy fuel cell to power Stop & Shop in Mt. Vernon, New York store

Chain continues its leadership in energy efficiency and greener stores

Purchase, NY, 2015-2-24 — /EPR Retail News/ — The Stop & Shop Supermarket Company LLC, a division of Ahold USA, announced today that a Bloom Energy fuel cell will power the company’s Mt. Vernon, New York store. The 250 kW system at Stop & Shop in Mt. Vernon will generate more than 2 million kWh each year, resulting in carbon reductions of more than 700,000 lbs. of CO2 annually.

Bloom Energy’s solid oxide fuel cell converts fuel into electricity through a highly efficient electrochemical process, instead of combustion, to provide on-site, clean and reliable power. These fuel cell projects are the latest addition to Stop & Shop’s clean and renewable energy portfolio that also includes solar panel systems on the roofs on 38 of its stores, capable of generating 9.5M kWh each year. As part of its Better Neighbor Promise to care for the environment, Stop & Shop has a goal to reduce its carbon footprint by 20% by 2015 using 2008 as a baseline. This project supports the company’s carbon reduction goals and continues to deliver electricity even through grid outages, like those experienced in the aftermath of Superstorm Sandy. Stop & Shop is also committed to building energy efficient and sustainable stores. It has a goal to reach Zero waste by the year 2020. This means that at least 90% of the waste generated by its stores will be diverted from landfills.

“Stop & Shop has invested heavily in energy conservation, green building and alternative energy projects,” said Don Sussman, president of Stop & Shop New York Metro division. “This project in the New York metro area will contribute to reducing our greenhouse gas emissions and the environmental impact of our operations on our communities. It will also increase the resiliency of our stores and enable us to serve our customers during grid interruptions.”

“This project represents the leading edge of distributed generation, a new power generation solution that is both sustainable and resilient,” said Charles Fox, Director, East Coast Business Development at Bloom Energy. “Bloom Energy is excited to be a part of Stop & Shop’s growing clean energy portfolio.”

Support for this project was provided by the New York State Energy Research and Development Authority (NYSERDA).

For more information on Stop & Shop’s company-wide Recycling and Environment initiatives, visitwww.stopandshop.com.

Note to Editor: Emission estimates based on USA EPA eGRID

About Stop & Shop
The Stop & Shop Supermarket Company LLC employs approximately 59,000 associates and operates 395 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; has been awarded LEED (NC) certifications for 15 of its new stores; 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:
Arlene Putterman
Stop & Shop NY Metro Division
(914) 251-2834
arlene.putterman@stopandshop.com

 

Dollar Tree, Inc. publishes results for the fourth quarter and fiscal year ended January 31, 2015

Fourth Quarter Highlights

 

  • Sales increased 10.8% to $2.48 billion and Same-Store Sales improved 5.6%
  • Diluted EPS, including acquisition-related costs, decreased 2.0% to $1.00
  • Excluding acquisition-related costs, diluted EPS increased 13.7% to $1.16

 

CHESAPEAKE, Va., 2015-2-24 — /EPR Retail News/ — Dollar Tree, Inc. (NASDAQ: DLTR), North America’s leading operator of discount variety stores selling everything for $1 or less, today reported results for the fourth quarter and fiscal year ended January 31, 2015.

Fourth Quarter Results
Consolidated net sales increased 10.8% to $2.48 billion from $2.23 billion in the prior year’s fourth quarter. Consolidated same-store sales increased 5.6% on a constant currency basis, compared to a 1.2% increase in the prior-year period. Adjusted for the impact of Canadian currency fluctuations, the same-store sales increase was 5.5%.

Gross profit increased 11.3% to $918.1 million from $825.2 in the prior year’s fourth quarter. As a percent of sales, gross margin increased by 20 basis points to 37.1%. The primary contributors to the increase were higher initial mark-ups and leverage on occupancy and distribution costs, which were offset partially by higher freight costs and continued investments in merchandise value.

Selling, general and administrative expenses were 21.6% of sales compared to 21.3% of sales in the prior year’s fourth quarter. The quarter included $6.7 million in acquisition-related costs associated with the pending merger with Family Dollar Stores, Inc. Excluding acquisition-related costs, selling, general and administrative costs were 21.3% of sales, flat compared to the prior year’s fourth quarter. Increased payroll costs related to store bonuses and incentive compensation were offset by leverage on other costs as a result of strong same-store sales.

Net income, compared to the prior year’s fourth quarter, including acquisition-related costs, was $206.6 million and diluted earnings per share were $1.00. Excluding acquisition-related costs, net income increased approximately $26.0 million to $239.0 million and diluted earnings per share increased 13.7% to $1.16.

Bob Sasser, Chief Executive Officer stated, “I am extremely proud of our Company’s performance in the fourth quarter and throughout 2014. Our quarterly comp sales increase of 5.6% was largely driven by a 5.0% increase in transaction count. Top performing categories included party supplies, household products and food. Our results continue to validate that Dollar Tree is part of the solution for millions of customers seeking great value as they strive to balance their household budget. We exceeded 1 billion transactions in a year for the first time in Company history. Our business model is strong, our inventories are fresh, our shelves are full of incredible values, and our store teams are ready for the Spring selling season.”

The Company opened 90 stores, expanded or relocated six stores, and closed five stores during the quarter. Retail selling square footage increased to 46.5 million square feet, a 7.4% increase compared to the prior year.

Full Year Results
For fiscal year 2014, the Company’s consolidated net sales increased 9.7% to $8.60 billion from $7.84 billion in the prior year. Consolidated same-store sales increased 4.4% on a constant currency basis, compared to a 2.4% increase for fiscal year 2013. Adjusted for the impact of Canadian currency fluctuations, the same-store sales increase was 4.3%.

Gross profit increased 8.8% to $3.03 billion, or 35.3% of sales, compared to $2.79 billion, or 35.6% of sales, in the prior year. The 30 basis point decrease, as a percent to sales, was primarily driven by higher freight costs related to domestic trucking rates.

Selling, general and administrative expenses increased 9.6% to $1.99 billion, or 23.2% of sales. This included approximately $28.5 million in acquisition-related costs associated with the merger with Family Dollar Stores, Inc. Excluding acquisition-related costs, selling, general and administrative costs were 22.8% of sales, a 40 basis point improvement compared to the prior year.

Net income, compared to the prior year including acquisition-related costs, increased $2.5 million to $599.2 million, and diluted earnings per share increased by 6.6% to $2.90. Excluding acquisition-related costs, net income increased $48.9 million to $645.6 million and diluted earnings per share increased 14.7% to $3.12.

Company Outlook
The Company estimates consolidated net sales for the first quarter of 2015 to range from $2.15 billion to $2.20 billion, based on a low to mid single-digit increase in same-store sales and 6.9% square footage growth. Diluted earnings per share, excluding acquisition-related costs, are expected to range from $0.69 to $0.74. This range includes a $0.01 per diluted share non-recurring, non-cash charge related to a change in inventory accounting for our Canadian operations.

Consolidated net sales for the full year are estimated to range from $9.21 billion to $9.45 billion. This estimate is based on a low to low-mid single-digit increase in same-store sales, and 7.2% square footage growth. Fiscal year 2015 diluted earnings per share, excluding acquisition-related costs, are expected to range from $3.30 to $3.50.

FTC Update
The Company continues to make progress in its effort to obtain clearance from the Federal Trade Commission (“FTC”) to complete the Company’s pending acquisition of Family Dollar. The Company remains confident in its belief that the FTC will require the divestiture of no more than roughly 300 stores. Given the number of stores that the FTC continues to analyze, the Company now hopes to reach agreement with the FTC on the stores to be divested in early March and will work to close the acquisition by April 27, 2015. The final number and location of the divested stores and the closing date are subject to uncertainties such as the timing of final approval by the FTC Commissioners of the divested stores and the divestiture buyer or buyers.

Conference Call Information
On Wednesday, February 25, 2015, the Company will host a conference call to discuss its earnings results at 9:00 a.m. EST. The telephone number for the call is 800-289-0463. A recorded version of the call will be available until midnight Wednesday, March 4, 2015 and may be accessed by dialing 888-203-1112. The access code is 9760132. A webcast of the call is accessible through Dollar Tree’s website, www.dollartreeinfo.com/investors/news/eventsand will remain online until Wednesday, March 4.

Dollar Tree, a Fortune 500 Company, operated 5,367 stores across 48 states and five Canadian provinces as of January 31, 2015. Our stores operate under the brands of Dollar Tree, Dollar Tree Canada, and Deals. To learn more about the Company, visit www.DollarTree.com.

A WARNING ABOUT FORWARD-LOOKING STATEMENTS: Our press release contains “forward-looking statements” as that term is used in the Private Securities Litigation Reform Act of 1995. Forward-looking statements address future events, developments or results and typically use words such as believe, anticipate, expect, intend, plan, forecast, or estimate. For example, our forward-looking statements include statements regarding the merger with Family Dollar, including acquisition related expenses and financing costs, the benefits, results, effects, timing and certainty of the merger, 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, first quarter 2015 and full-year 2015 sales, first quarter 2015 and full-year 2015 diluted earnings per share. 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 anticipated terms including approval of the final number and location of divested stores and approval of a divestiture buyer or buyers 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, or is obtained on terms other than those previously disclosed, the ability to close the proposed merger on the proposed terms and schedule, or at all, difficulties related to integration of the proposed merger and our ability to obtain cost savings and synergies contemplated by the merger, unexpected costs, charges or expenses resulting from the proposed merger, and the outcome of pending or potential litigation or governmental investigations. For a discussion of the risks, uncertainties and assumptions that could affect our future events, developments or results, you should carefully review the “Risk Factors,” “Business,” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections in our Annual Report on Form 10-K filed March 14, 2014, the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and other sections in our Quarterly Report on Form 10-Q filed November 20, 2014 and in our other filings with the Securities and Exchange Commission. We are not obligated to release publicly any revisions to any forward-looking statements contained in this press release to reflect events or circumstances occurring after the date of this report and you should not expect us to do so.

Dollar Tree Condensed Consolidated Income Statement

Dollar Tree Condensed Consolidated Balance Sheets

Dollar Tree Condensed Consolidated Statements of Cash Flows

CONTACT:
Dollar Tree, Inc.
Randy Guiler, 757-321-5284
Vice President, Investor Relations
www.DollarTree.com