Wincor Nixdorf and Innovative Technology announced joint partnership across Europe to develop entry cash handling solutions for the Retail Sector

Paderborn, Germany, 2015-2-26 — /EPR Retail News/ — Wincor Nixdorf and Innovative Technology announced a joint partnership across Europe to develop a number of entry cash handling solutions for the Retail Sector. With a relationship dating back to 2013 the companies have signed a partnership agreement that will see them develop retail point of sale payment solutions.

Sales Director from Innovative Technology, Tony Morrison said, “Wincor Nixdorf has an established, successful relationship with the Retail Industry, and a trusted global service and support network. By working in partnership we can offer unique, high quality point of sale solutions with a great customer value proposition. We are proud to announce this partnership and look forward to providing new, innovative cash handling solutions to the European Retail Sector.”

“We see a high demand among retailers for efficient cash automation solutions at the Point-of-Sale,” said Reinhard Meier, Global Head of Product line POS at Wincor Nixdorf. The partnership with Innovative Technology enables Wincor Nixdorf to provide note and coin recycling solutions at an excellent price performance ratio – a solution that is particularly relevant for retailers with low to medium cash volumes at the point-of-sale that wish to introduce cash recycling, like convenience, fashion and small sized grocery stores.

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

Wincor Nixdorf announced Columbus Data Services (CDS) completed the certification of its cash dispenser technology, the ProCash 280

Wincor Nixdorf Partners with Columbus Data Services

Paderborn, Germany, 2015-2-26 — /EPR Retail News/ — Wincor Nixdorf, one of the world’s leading providers of comprehensive IT solutions in banking and retail, today announced Columbus Data Services (CDS), recently completed its certification of Wincor Nixdorf’s cash dispenser technology, the ProCash 280. CDS provides ATM services for more than 80,000 terminals nationwide and is one of the nation’s largest ATM processors.

“Wincor Nixdorf’s partnership with CDS demonstrates our commitment to bringing world-class German-engineered technology to the United States,” said Javier López-Bartolomé, Senior Vice President, Region Americas, and Wincor Nixdorf USA President and CEO.

Today, any IAD that is connected to the CDS platform will be eligible to install the ProCash 280 device to drive transactions to their locations. The ProCash 280 features a user-friendly interface with a 15-inch touchscreen, ensuring both an intuitive customer experience and operational efficiency. The system’s performance and resilience are proven to reduce lines and speed up transactions, which provides a faster return on investment. The device is equipped with a comprehensive security suite that features an anti-manipulation card slot, anti-skimming module, biometric solutions and high-resolution cameras to enhance consumer safety and system integrity.

“Wincor Nixdorf’s focus on serviceability and usability makes the ProCash 280 the right choice in the IAD marketplace,” said John Willmon, SVP Business Development at Columbus Data Services.

“Wincor Nixdorf is proud to provide value to the U.S. market through this prestigious certification,” said López-Bartolomé.

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

 

Target paid $1.2 billion dividends in fiscal 2014, 19.8 percent above 2013

Fourth quarter comparable sales increased 3.8 percent Fourth Quarter Adjusted EPS of $1.50 was ahead of the company’s most recent guidance

  • Fourth quarter comparable sales increased 3.8 percent, reflecting a 3.2 percent increase in comparable transactions. Digital channel sales contributed 0.9 percentage points to comparable sales growth.
  • Target’s fourth quarter 2014 Adjusted EPS of $1.50 was above the company’s most recent guidance of $1.43 to $1.47 per share.
  • Target’s full-year comparable sales grew 1.3 percent. Digital channel sales growth of more than 30 percent contributed 0.7 percentage points to 2014 comparable sales growth.
  • Target paid dividends of $1.2 billion in fiscal 2014, an increase of 19.8 percent above 2013.

MINNEAPOLIS, 2015-2-26 — /EPR Retail News/ — Target Corporation (NYSE: TGT) today reported fourth quarter 2014 Adjusted earnings per share1 of $1.50, an increase of 14.9 percent from $1.31 in 2013, and full-year Adjusted earnings per share of $4.27, a decrease of 2.6 percent from $4.38 last year. GAAP earnings per share from continuing operations were $1.49 in fourth quarter and $3.83 in full-year 2014, compared with $1.22 and $4.20 in 2013, respectively. In fourth quarter, Target recognized a pre-tax loss of $5.1 billion related to its discontinued Canadian operations, resulting in a $(5.59) loss per share. The tables attached to this press release provide a reconciliation of non-GAAP to GAAP measures. All earnings per share figures refer to diluted earnings per share.

“We’re pleased with our fourth quarter financial results, which were driven by betterthan-expected sales and particularly strong performance in our signature categories—style, baby, kids and wellness,” said Brian Cornell, chairman and chief executive officer of Target Corporation. “We’re seeing early momentum in our efforts to transform Target, and our team is entering the new fiscal year with a singular focus on continuing to differentiate our merchandise assortment and shopping experience while controlling costs by reducing complexity and simplifying the way we work. We’re confident that these efforts will allow us to grow our earnings while returning cash to our shareholders in 2015 and beyond, driving improvements in Target’s return on invested capital and creating long-term value for our shareholders.”

Fiscal 2015 Earnings Guidance

In first quarter 2015, Target expects Adjusted EPS, reflecting results of operations in its single-segment business, of $0.95 to $1.05, compared with $0.92 in first quarter 2014. The Company will provide full-year 2015 guidance at its meeting with the financial community on March 3, 2015, from approximately 2:30 p.m. to 5:00 p.m. EST. Investors and others are invited to access the presentations and Q&A session online on the Events & Presentations section of Target.com/Investors.

Results of Continuing Operations

Fourth quarter 2014 sales increased 4.1 percent to $21.8 billion from $20.9 billion last year, reflecting a 3.8 percent increase in comparable sales combined with sales from new stores. Segment earnings before interest expense and income taxes (EBIT) were $1,603 million in fourth quarter 2014, an increase of 13.4 percent from $1,413 million in 2013.

Fourth quarter EBITDA and EBIT margin rates were 9.9 percent and 7.4 percent, respectively, compared with 9.2 percent and 6.8 percent in 2013. Fourth quarter gross margin rate was 28.5 percent, compared with 27.6 percent in 2013, reflecting the benefit of annualizing clearance markdowns associated with the fourth quarter 2013 data breach, combined with the benefit of a favorable merchandise mix in fourth quarter 2014. Fourth quarter SG&A expense rate was 18.6 percent in 2014 compared with 18.4 percent in 2013, reflecting higher marketing, technology and incentive expense rates this year.

Full-year 2014 sales increased 1.9 percent to $72.6 billion from $71.3 billion last year, reflecting a 1.3 percent increase in comparable sales combined with sales from new stores. Fullyear EBIT was $4,761 million in 2014, a decrease of 4.0 percent from $4,959 million last year.

Full-year 2014 EBITDA and EBIT margin rates were 9.5 percent and 6.6 percent, respectively, compared with 9.8 percent and 7.0 percent in 2013. Full-year gross margin rate was 29.4 percent, compared with 29.8 percent in 2013, driven by increased promotional activity in the first three quarters of 2014. Full-year SG&A expense rate was 19.9 percent in 2014 compared with 20.0 percent in 2013, reflecting disciplined expense control across the organization.

Interest Expense and Taxes from Continuing Operations

The Company’s fourth quarter 2014 net interest expense was $151 million, compared with $142 million last year. Full-year net interest expense was $882 million in 2014 and $1,049 million in 2013. Excluding losses of $285 million and $445 million related to the early retirement of debt in 2014 and 2013, respectively, full-year 2014 net interest expense was approximately flat to last year.

The Company’s fourth quarter effective income tax rate from continuing operations was 33.0 percent in 2014 and 33.5 percent last year. Target’s full-year 2014 effective income tax rate from continuing operations decreased 1.6 percentage points to 33.0 percent from 34.6 percent in 2013, which was driven primarily by the net tax effect of the Company’s global sourcing operations and the favorable resolution of various income tax matters.

Capital Returned to Shareholders

Target paid dividends of $330 million in fourth quarter, a 21.6 percent increase from $272 million in 2013. In full-year 2014, the Company paid dividends of $1,205 million, a 19.8 percent increase from $1,006 million last year.

Target did not repurchase any shares of its common stock through open market transactions during fourth quarter or full-year 2014.

Discontinued Operations

On January 14, 2015, following a comprehensive assessment of Canadian operations, Target’s Board of Directors approved a plan to discontinue operating stores in Canada. As a result of the decision, Target recorded a pretax impairment loss and other charges of $(5,105) million in fourth quarter 2014. After-tax losses from discontinued operations were $(3,600) million in fourth quarter, or $(5.59) per share, and $(4,085) million in full-year 2014, or $(6.38) per share.

Certain of the assets and liabilities of Target’s discontinued operations are based on estimates. The recorded assets include estimated receivables, and the remaining liabilities include accruals for estimated losses related to claims that may be asserted against Target Corporation, primarily under guarantees of certain leases. Given the early stage of its exit, these estimates involve significant judgment and are based on currently available information, an assessment of the validity of certain claims, and estimated payments by the Canada Subsidiaries. The Company believes that it is reasonably possible that future adjustments to these amounts could be material to its results of operations in future periods. Any such adjustments would be recorded in discontinued operations.

Accounting Considerations

During fourth quarter 2013, Target experienced a data breach in which an intruder gained unauthorized access to its network and stole certain payment card and other guest information. The Company incurred breach-related expenses of $4 million in fourth quarter 2014 and fullyear net expense of $145 million, which reflects $191 million of gross expense partially offset by the recognition of a $46 million insurance receivable. Fourth quarter and full-year 2013 net expense related to the data breach was $17 million, reflecting $61 million of gross expense partially offset by the recognition of a $44 million insurance receivable.

At the close of the sale of its entire U.S. consumer credit card receivables portfolio to TD Bank Group in first quarter 2013, Target recognized a $225 million beneficial interest asset. The fourth quarter and full-year 2014 beneficial interest asset reductions were $13 million and $53 million, respectively, compared with $16 million and $98 million in the same periods last year. Since the close of the transaction, the beneficial interest asset has been reduced by $151 million.

Miscellaneous

Target Corporation will webcast its fourth quarter earnings conference call at 9:30 a.m. CST today. Investors and the media are invited to listen to the call through the Company’s website at www.target.com/investors (click on “events & presentations”). A telephone replay of the call will be available beginning at approximately 11:30 a.m. CST today through the end of business on Feb. 27, 2015. The replay number is (855) 859-2056 (passcode: 39278650).

Statements in this release regarding first quarter 2015 earnings per share guidance and future expenses related to discontinued operations are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements speak only as of the date they are made and are subject to risks and uncertainties which could cause the Company’s actual results to differ materially. The most important risks and uncertainties are described in Item 1A of the Company’s Form 10-K for the fiscal year ended Feb. 1, 2014 and Item 1A of the Company’s Form 10-Q for the quarter ended Nov. 1, 2014.

In addition to the GAAP results provided in this release, the Company provides Adjusted diluted earnings per share for the three- and twelve-month periods ended Jan. 31, 2015 and Feb. 1, 2014, respectively. This measure is not in accordance with, or an alternative for, generally accepted accounting principles in the United States. The most comparable GAAP measure is diluted earnings per share from continuing operations. Management believes Adjusted EPS is useful in providing period-to-period comparisons of the results of the Company’s ongoing retail operations. Adjusted EPS should not be considered in isolation or as a substitution for analysis of the Company’s results as reported under GAAP. Other companies may calculate Adjusted EPS differently than the Company does, limiting the usefulness of the measure for comparisons with other companies.

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.

FULL REPORT

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ShopRite again sponsors the Annual B’More Healthy Expo, February 28, 2015

ShopRite dietitians to demo, sample healthy recipes

Baltimore, MD, 2015-2-26 — /EPR Retail News/ — For the second year in a row, ShopRite is a sponsor of the Annual B’More Healthy Expo, which is scheduled for this Saturday, February 28th, 2015. Attendees at this year’s 6th annual event can visit the ShopRite booth for a one-on-one consultation with a ShopRite retail dietitian, who will be hosting demos and sampling of healthy recipes.

ShopRite dietitians Elisabeth D’Alto, RD and Angela Teague, RD will be on hand to engage and educate attendees on the benefits of a healthy diet and how to make a healthy meal plan more fun! Demonstrations will be ongoing throughout the day and will include:

* 5 Creative Ways to Prepare 5 Different Fruits – From pomegranate and avocado to pineapple, papaya, and mango. Five unique and easy ways to select, prepare, and eat these good-for-you but often intimidating fruits.

* Spruce Up Your Vegetable Platter – In addition to learning about the nutritional benefits of these produce items and showing them in their whole form, the dietitians will demonstrate the best way to choose fresh produce, how to prepare them and pair with delicious yet healthy dips for snacks on the go.

As part of ShopRite’s Retail Dietitian team, Ms. D’Alto and Ms. Teague join more than 100 Registered Dietitians who service ShopRite stores across Maryland, New Jersey, New York, Pennsylvania, Connecticut and Delaware.  Together these Dietitians offer nutrition advice, meal planning, and diet modification for specific medical conditions completely free of charge.

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About ShopRite
ShopRite is the registered trademark of Wakefern Food Corp., a retailer-owned cooperative based in Keasbey, NJ,  and the largest supermarket cooperative in the United States.  With more than 250 ShopRite supermarkets located throughout New Jersey, New York, Pennsylvania, Connecticut, Delaware and Maryland, ShopRite serves more than six million customers each week.  A long-time supporter of key community efforts, ShopRite is dedicated to fighting hunger in the communities it serves.  Through its ShopRite Partners In Caring program, ShopRite has donated $37 million to 1,700 worthy charities and food banks since the program began in 1999.  As a title sponsor of the LPGA’s ShopRite Classic, ShopRite has raised more than $27 million for local organizations, hospitals and community groups.  Progressive Grocer named ShopRite its 2011 Retailer of the Year and Supermarket News awarded ShopRite its 2011 Retail Excellence Award.  For more information, please visit www.ShopRite.com.

 

Santina Stankevich
Phone: 732-906-5932

 

Elisabeth Loeb
Phone: 732-906-5156

Dunkin’ Brands, The J.M. Smucker Company & Keurig Green Mountain expand partnership for Dunkin’ K-Cup® packs

CANTON, Mass., ORRVILLE, Ohio, and WATERBURY, Vt., 2015-2-26 — /EPR Retail News/ — Dunkin’ Brands Group, Inc., (NASDAQ: DNKN), The J.M. Smucker Company (NYSE: SJM) and Keurig Green Mountain, Inc. (Keurig) (NASDAQ: GMCR) today expanded their partnership by signing agreements for the manufacturing, marketing, distribution and sale of Dunkin’ K-Cup® packs at retailers nationwide in the U.S. and Canada, and online. Dunkin’ K-Cup® packs are presently available in Dunkin’ Donuts restaurants in the U.S. Keurig is the exclusive producer of Dunkin’ K-Cup® packs and will remain so with the expansion of the partnership. The J.M. Smucker Company currently manufactures and distributes Dunkin’ Donuts® brand premium bagged coffee where groceries are sold under license from Dunkin’ Donuts.

Under the new, multi-year agreement, Smucker will distribute and market Dunkin’ K-Cup® packs exclusively to grocery chains, mass merchandisers, club stores, drug stores, dollar stores and home improvement stores. Keurig will distribute and market Dunkin’ K-Cup® packs to specialty stores and office superstores. Dunkin’ K-Cup® packs will continue to be available in Dunkin’ Donuts restaurants in the U.S. The expanded retail program launches in the middle of 2015 with five varieties of Dunkin’ Donuts’ signature coffee initially available in K-Cup® packs, including Original Blend, Dunkin’ Decaf, French Vanilla, Hazelnut and Dunkin’ Donuts Bakery Series Chocolate Glazed Donut flavor. Also beginning this spring, Dunkin’ K-Cup® packs will be sold online on www.DunkinDonuts.comwww.OnlineStore.Smucker.comwww.Keurig.com and other online retailers.

“This exciting new agreement with two trusted and long-standing partners, The J.M. Smucker Company and Keurig, will make Dunkin’ K-Cup® packs available at thousands of additional retail outlets nationwide, as well as online, and will enable us to further tap into the growing consumer demand for single-serve at-home coffee,” said Dunkin’ Brands Chairman and Chief Executive Officer Nigel Travis. “Not only will this increase the consumption ofDunkin’ Donuts coffee, it will help us continue to build our brand relevance with new and existing customers, which we believe will, in turn, drive incremental visits to our restaurants.”

“The wait is nearly over for the many Dunkin’ Donuts coffee fans who have requested we add Dunkin’ K-Cup® packs to our at-home single-serve coffee offerings,” stated Richard Smucker, Chief Executive Officer of The J.M. Smucker Company. “The expansion of our relationship with Dunkin’ Brands andKeurig allows us to satisfy this consumer need by bringing Dunkin’ K-Cup® packs into new retail channels, including wherever groceries are sold. The addition of Dunkin’ K-Cup® packs will further strengthen our Smucker coffee portfolio as we work with our retail customers to continue to bring excitement and new growth opportunities to the coffee category.”

“Expanded availability of Dunkin’ K-Cup® packs will make it possible for even more consumers to experience and enjoy this great-tasting, beloved coffee while at the same time building consumer awareness and passion for the Keurig system,” said Brian Kelley, Keurig President and CEO. “Our unique ability to partner with Dunkin’ Brands, J.M. Smucker and more than 60 other brands has helped Keurig, an innovative technology-driven personal beverage system company, to revolutionize the at-home and away-from-home beverage experience, bringing more than 400 high-quality beverage varieties to Keurig consumers with the consistent simplicity and convenience they’ve come to expect from the brand.”

Terms of the respective agreements with The J.M. Smucker Company, Keurig Green Mountain and Dunkin’ Brands were not disclosed.

Dunkin’ Brands announce franchisee profit-sharing program

Concurrent with its expanded partnership with Smucker and Keurig, Dunkin’ Brands also announced today details of a new franchisee profit-sharing program as part of a long-term deal under which Dunkin’ Brands will equally share with qualified U.S. Dunkin’ Donuts franchisees its net profits from the sale of its K-Cup® packs and packaged coffee from outlets outside of its restaurants.

“When we introduced Dunkin’ K-Cup® packs as a retail item in our restaurants in 2011, we said we would only consider allowing this product to be sold at other retailers if we could do so in a way that benefitted both us and our franchisees,” Travis said. “In keeping with that commitment, I am delighted to announce that we have been able to reach a profit-sharing agreement with our domestic Dunkin’ Donuts franchisees that we believe will drive incremental, profitable growth for both Dunkin’ Brands and our franchisees.”

About Dunkin’ Brands Group, Inc.
With more than 18,800 points of distribution in nearly 60 countries worldwide, Dunkin’ Brands Group, Inc. (Nasdaq: DNKN) is one of the world’s leading franchisors of quick service restaurants (QSR) serving hot and cold coffee and baked goods, as well as hard-serve ice cream. At the end of fiscal 2014,Dunkin’ Brands’ nearly 100 percent franchised business model included more than 11,300 Dunkin’ Donuts restaurants and more than 7,500 Baskin-Robbins restaurants. Dunkin’ Brands Group, Inc. is headquartered in Canton, Mass.

About The J.M. Smucker Company
For more than 115 years, The J.M. Smucker Company has been committed to offering consumers quality products that bring families together to share memorable meals and moments. Today, Smucker is a leading marketer and manufacturer of fruit spreads, retail packaged coffee, peanut butter, shortening and oils, ice cream toppings, sweetened condensed milk, and natural foods products in North America. The Company remains rooted in theBasic Beliefs of Quality, People, Ethics, Growth, and Independence established by its founder and namesake more than a century ago. For more information about the Company, visit jmsmucker.com.

About Keurig Green Mountain, Inc.
As a leader in specialty coffee, coffee makers, teas and other beverages, Keurig Green Mountain (Keurig) (NASDAQ: GMCR), is recognized for its award-winning beverages, innovative brewing technology, and socially responsible business practices. The company has inspired consumer passion for its products by revolutionizing beverage preparation at home and in the workplace. Keurig supports local and global communities by investing in sustainably-grown coffee and by its active involvement in a variety of social and environmental projects. By helping consumers drink for themselves, we believe we can brew a better world. For more information visit: www.KeurigGreenMountain.com. To purchase Keurig® products visit: www.Keurig.com or www.Keurig.ca.

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CONTACT INFORMATION

Michelle King
Phone: 781-737-5200
Email: press@dunkinbrands.com

Dunkin' Brands, The J.M. Smucker Company Keurig Green Mountain expand partnership for Dunkin' K-Cup® packs

Dunkin’ Brands, The J.M. Smucker Company Keurig Green Mountain expand partnership for Dunkin’ K-Cup® packs

Dunkin’ Donuts to develop three restaurants in Columbia and Jefferson City, Missouri with new franchise group Donut World, LLC

CANTON, MA, 2015-2-26 — /EPR Retail News/ — Dunkin’ Donuts, America’s all-day, everyday stop for coffee and baked goods, announced today the signing of a multi-unit store development agreement with a new franchise group, Donut World, LLC, to develop two Dunkin’ Donuts restaurants and one combination restaurant with its sister brand, Baskin-Robbins, in Columbia and Jefferson City, Missouri. The group’s first restaurant is planned to open at 3100 Providence Road in Columbia this Summer and the remainder will open in 2017.

Led by partners Anup Thakkar, Ramesh Patel and Prashant Patel, these new franchisees possess over 30 years of experience in the restaurant and retail industries. They have been a part of the Columbia community for over 15 years and are thrilled to bring this franchise to these cities. Together, this team will manage and oversee the construction and operations for each Dunkin’ Donuts restaurant.

“We are excited to expand the brands’ presence in Missouri and play an important role in the daily lives of people who live, work and visit here,” said Anup Thakkar, Dunkin’ Donuts franchisee. “We have a passion and loyalty for the Dunkin’ Donuts and Baskin-Robbins brands and look forward to opening our restaurants in the years to come.

“Our secret to continued growth includes passionate franchisees who provide a high-level of customer service to our guests every day,” said Grant Benson, CFE, vice president of global franchising and business development, Dunkin’ Brands. “We are excited to welcome these new franchisees to the Missouri market, and believe they will cultivate lasting customer relationships and become an integral part of the Columbia and Jefferson City communities they serve.”

Since the 1950s, Dunkin’ Donuts has been a daily ritual for millions of people and has offered guests delicious food, beverages and friendly service at a great value. Dunkin’ Donuts offerings include hot and iced coffee, flavored coffees, lattes, hot and iced tea, Dunkin’ Donuts K-Cup® Packs, Coolatta® frozen drinks, donuts, muffins, bagels, breakfast and bakery sandwiches, and a DDSMART® menu featuring better-for-you items.

The Dunkin’ Donuts / Baskin-Robbins combination location will also feature Baskin-Robbins’ wide range of delicious ice cream flavors, custom ice cream cakes, frozen beverages and ice cream sundaes.

To learn more about Dunkin’ Donuts, visit www.DunkinDonuts.com or follow us on Facebook (www.facebook.com/DunkinDonuts) and Twitter (www.twitter.com/DunkinDonuts).

About Dunkin’ Donuts
Founded in 1950, Dunkin’ Donuts is America’s favorite all-day, everyday stop for coffee and baked goods. Dunkin’ Donuts is a market leader in the hot regular/decaf/flavored coffee, iced coffee, donut, bagel and muffin categories. Dunkin’ Donuts has earned the No. 1 ranking for customer loyalty in the coffee category by Brand Keys for nine years running. The company has more than 11,300 restaurants in 36 countries worldwide. Based in Canton, Mass., Dunkin’ Donuts is part of the Dunkin’ Brands Group, Inc. (Nasdaq: DNKN) family of companies. For more information, visit www.DunkinDonuts.com.

 

CONTACT INFORMATION
Rachel Tabacnic
Phone: 954-893-9150
Email: rtabacnic@fish-consulting.com

Jenna Kantrowitz
Phone: 954-893-9150
Email: jkantrowitz@fish-consulting.com

NACS survey: Convenience store retailers optimistic about their business prospects

ALEXANDRIA, VA, 2015-2-26 — /EPR Retail News/ — More than four in five convenience store retailers (82%) are optimistic about their business prospects in the first three months of 2015, according to the results of retailer sentiment survey released today by the National Association of Convenience Stores (NACS).

The drop in gas prices over the second half of 2014 was cited as a main reason for retailer optimism. Gas prices today are more than $1.00 per gallon lower than they were a year ago.

Convenience store retailers, which sell more than 80% of the gasoline purchased in the country, say that consumers are spending their savings where they are buying fuel. Overall, 62% say that customers are spending the extra savings from lower fuel prices inside the convenience store. Nearly three in four (73%) retailers say that they had higher merchandise sales in 2014.

“Lower fuel prices lead to higher volume inside the store and at the pump,” said Stuart Everngam, with The Gott Co. (Prince Frederick, MD). “We are back to pre-recession sales numbers — and going up,” added Theron Soderlund, with Country Corner (Eastsound, WA).

Convenience retailers are especially optimistic about growing their in-store sales. Nearly seven in ten (69%) believe in opportunities to grow merchandise sales and 58% say that there are opportunities to grow food sales in 2015.

Overall, 88% of convenience retailers say that offering prepared foods is important to their business in 2015. “Foodservice fits the immediate consumption and time-starved needs of our consumers. It is an obvious fit, as long as it is a quality offer,” said Sonja Hubbard, with E-Z Mart (Texarkana, TX).

“Consumers are looking for quick fresh and easy snacks or meals that can be consumed on the run,” added Julie Jackson with G&M Oil (Huntington Beach, CA).

“Prepared food is our industry’s future,” noted Tim Switzer, with Radiant Food Stores (Tampa, FL).

Produce also was cited as important to convenience retailers’ business in 2015, cited by 61% of retailers. “The trend is for fresh and better-for-you products,” said Giselle Eastlack, with Diaz Market (Metairie, LA).

Retailers also offered advice for how to grow produce sales. “Like foodservice, produce is a labor-intensive category when it is done correctly. Variety and fresh offerings are critical to the category’s success,” said Don Rhoads, with The Convenience Group (Vancouver, WA).

There also are challenges to offering produce, especially related to frequent distribution. “You must have nearly daily deliveries to maintain freshness,” added Ben Englefield, Duchess Shoppes (Heath, OH).

And, retailers need to be committed to the program’s long-term success produce if they expect to succeed. “If you are going to do it, then you better be married to it,” said Tony Huppert, with Team Oil Inc. (Spring Valley, WI).

While retailers are very optimistic about their specific business prospects, they are less optimistic about the overall economy. Only 62% of retailers say they are optimistic about the economy as a whole over the first quarter.

Convenience retailers noted several competitive advantages working in their favor for 2015. “We are in the unique position to service time-strapped consumers and retool ourselves much quicker than in other retail channels,” said Lonnie McQuirter, with the 36th & Lyndale BP (Minneapolis, MN). “But we need to constantly be aware when opportunities present themselves to our industry,” he cautioned.

While retailers cite the value of convenience as a competitive advantage, they also noted that retail execution remains critical. “Stocking the right amount of the right product at the right price the right way is more critical than ever,” said Michael Maxfield, with Big John’s (Abingdon, VA).

Ultimately, retail success in 2015 may depend upon gas prices. And while gas prices remain relatively low, retailers are also carefully looking to see if oil prices climb in 2015. “With the recent plunge, will they stay low and how will that help store sales and the economy in 2015?” asked Tom Robinson, with Rotten Robbie (Santa Clara, CA).

The quarterly NACS Retailer Sentiment Survey tracks retailer sentiment related to their business, the industry and the economy as a whole. A total of 88 member companies participated in the Q1 2015 survey.

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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.

Kimco CEO David B. Henry to retire on January 1, 2016; Conor C. Flynn to succeed

NEW HYDE PARK, New York, 2015-2-26 — /EPR Retail News/ — Kimco Realty Corporation (NYSE: KIM) today announced that David B. Henry will retire on January 1, 2016 as Vice Chairman of the Board of Directors and Chief Executive Officer. Conor C. Flynn, President and Chief Operating Officer, has been appointed to succeed Mr. Henry as Chief Executive Officer, effective on that date.

“This announced transition comes at a time of strength for Kimco given our well-positioned portfolio, deep management team and strong balance sheet. The selection of Conor to succeed Dave next year reflects our excellent talent base and internal succession planning process,” said Milton Cooper, Executive Chairman.

Mr. Cooper continued, “Dave’s contribution to Kimco has been enormous. In his 14 years at Kimco, he has been a trusted partner, mentor and friend. He has played a key leadership role in guiding our transformation over the last few years, which will serve as the foundation for Kimco’s continued success. The Board offers Dave our sincere thanks for his contributions to Kimco and its stakeholders. I wish him and his family much happiness in the future.”

Mr. Henry, who will turn 66 years old in 2015, said, “It’s been an honor and privilege to lead Kimco as Chief Executive Officer since November 2009. I am proud of our team’s many accomplishments and Kimco’s wonderful portfolio of properties. Conor is terrific, and I am confident that the company will continue to thrive under his leadership.” Upon his retirement, Mr. Henry will serve as a senior advisor to Kimco and provide consulting and advisory services to the company as requested from time to time.

Conor Flynn was appointed President of the company in August 2014 after previously being named Kimco’s Chief Operating Officer (May 2013) and, more recently, Chief Investment Officer (May 2014). Mr. Flynn will continue in these roles until January 1, 2016. In addition to the appointment of Mr. Flynn, Kimco announced the promotion of David Jamieson to Senior Vice President of Asset Management and Ross Cooper to Senior Vice President of Acquisitions.

In his current role, Mr. Flynn is responsible for overseeing the company’s shopping center business including the supervision of all regional personnel as well as guiding new investment decisions for the organization. Mr. Flynn joined Kimco in 2003 as an asset manager and has held a variety of senior leadership roles over the past 11 years, including President, Western Region. Mr. Flynn received a B.A. degree in Economics from Yale University and a Master’s degree in Real Estate Development from Columbia University.

“I have benefitted greatly from the close working relationship I have with Dave. He has been very helpful and I’m grateful for his continued support during this transition,” said Mr. Flynn. “Kimco is an admired industry leader and I am honored to lead this organization with a rich history of innovation, entrepreneurship and integrity. I am excited about our company’s future and look forward to working closely with the Board and our talented associates in further strengthening Kimco’s market position and driving long-term shareholder value.”

ABOUT KIMCO
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that owns and operates North America’s largest publicly traded portfolio of neighborhood and community shopping centers. As of December 31, 2014, the company owned interests in 754 shopping centers comprising 110 million square feet of leasable space across 39 states, Puerto Rico, Canada, Mexico and Chile. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

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CONTACT:
David F. Bujnicki
Vice President, Investor Relations and Corporate Communications
Kimco Realty Corp.
1-866-831-4297
dbujnicki@kimcorealty.com

 

The Lipsey Company named CBRE the top global brand in commercial real estate for the 14th consecutive year

Los Angeles, 2015-2-26 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that The Lipsey Company has named CBRE the top global brand in commercial real estate for the 14th consecutive year.

Lipsey​, a training and professional development firm specializing in commercial real estate, has surveyed commercial real estate professionals on their perceptions of the industry’s leading brands since 2001. CBRE has been ranked number one every year that Lipsey has conducted its brand survey. In 2015, more than 100,000 U.S. and international professionals participated in the survey, including property owners, investors, lenders, occupiers, brokers and property managers.

“We are particularly proud of this recognition because the Lipsey survey reflects the opinions of our clients and industry peers,” said Bob Sulentic, president and chief executive officer of CBRE. “Our people work hard every day to earn the trust of our clients by building distinct advantages for them in the marketplace. This is a key reason for CBRE’s success and why our future continues to look very bright.”

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 www.cbre.com.

For Further Information

Robert Mcgrath
Director, Sr
T +1 212 9848267
email

Corey Mirman
Specialist, Sr Communication
T +1 212 9846542
email

Harris Teeter presented $500 each to two local schools in support of its commitment to educational programs

Two Schools Receive $500, Thanks to N.C. Education Lottery, Harris Teeter

Matthews, N.C., 2015-2-26 — /EPR Retail News/ — Today, Harris Teeter Store Director Charley Toothman presented $500 each to two local schools in support of its commitment to educational programs.  The schools that received the donation were Olympic High METS – PTO and Lake Wylie Elementary.

The check presentation, which took place at the Steele Croft Harris Teeter in Charlotte, N.C., was made possible thanks to the North Carolina Education Lottery. The North Carolina Education Lottery offers incentive payments to retailers for selling winning tickets in the Powerball game. Harris Teeter has chosen to donate its incentive awards back to local schools.

Olympic High and Lake Wylie Elementary both participate in Harris Teeter’s Together in Education (TIE) program, the Company’s main fundraising program which supports local schools. Since 1998, the Company has donated approximately $21.7 million to the 5,200 schools participating in the TIE program.

“Olympic High School METS PTA is appreciative of Harris Teeter’s generosity,” said Wanda O’Shea, Olympic High School PTO Liaison. “This much needed donation will help fund Olympic High School student academics and teacher appreciation.”

“We would like to thank Harris Teeter for donating their lottery incentive money to Lake Wylie Elementary school in addition to what the company already gives through its Together in Education program,” said Jigna Patel, Assistant Principal at Lake Wylie Elementary School.   “These funds will be used to purchase books and math resources for our classrooms. We look forward to our continued partnership with Harris Teeter.”

Since March 2006, the N.C. Education Lottery has raised more than $3.6 billion for education programs in the state. Harris Teeter received the $1,000 incentive payment for selling the $1 million-winning ticket in the Powerball drawing on Dec. 24, 2014.  The North Carolina Powerball is played only in North Carolina, and drawings are held every Wednesday and Saturday night at approximately 10:59 p.m. Powerball tickets cost $2 and Powerball tickets with Power Play cost $3.

To learn more about the North Carolina Education Lottery, visit www.nc-educationlottery.org.

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Harris Teeter presented $500 each to two local schools in support of its commitment to educational programs

Harris Teeter presented $500 each to two local schools in support of its commitment to educational programs