Immochan to attend the Retail Connections on March 25 in London

Croix, France, 2015-3-2 — /EPR Retail News/ — Do not miss the chance to meet our international leasing teams in order to consider new opportunities of development, to join our strong commercial network and to get involved in one of our 70 new projects.

Present in 12 countries, Immochan plans to invest more than 1,5 billion euro in the 3 years to come.

Make an appointment

Visit the B13 stand from 9am to 6pm at the Business Design Centre. ​

More information about Retail Connections

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Immochan to attend the Retail Connections on March 25 in London

Immochan to attend the Retail Connections on March 25 in London

Co-operative Innovation Project: University of Saskatchewan to host 40 community meetings over 3 months to gather what it takes for co-operatives to thrive in a community

Saskatchewan, Canada, 2015-3-2 — /EPR Retail News/ — Researchers from the University of Saskatchewan’s Centre for the Study of Co-operatives are seeking the social and economic characteristics that allow co-operatives to thrive in a community. To do so, they’re hosting 40 community meetings over three months to gather input from residents and leaders.

The research is part of the Co-operative Innovation Project, which will explore co-operative development in rural and Aboriginal communities in Western Canada. The project was launched when Federated Co-operatives Limited invested $1 million on behalf of the Co-operative Retailing System in November 2013.

“Our research team is very excited to have an opportunity to come out and meet with such a wide variety of communities across western Canada,” said Darcy Overland, Research Manager, Co-operative Innovation Project.

“These meetings allow us to gather information directly from residents about the social and business environment in their communities, what needs their communities have, and the innovative ways communities have been meeting their needs. When we put the information from these conversations together with existing statistical data, it helps us create a clearer picture of what it may take to help existing co-operatives thrive and new co-operatives take root.”

The project is being led by the Centre for the Study of Co-operatives in partnership with the Johnson-Shoyama Graduate School of Public Policy, the International Centre for Northern Governance and Development, the Edwards School of Business and U.K.-based Plunkett Foundation.

The project aims to:

  • Combine research, education and community engagement to determine the needs of rural and Aboriginal communities; and
  • Determine if an innovative co-operative development model or alternate structure could provide a solution.

The schedule of community meetings will continue to be updated below. Participants receive a free dinner and are entered for door prizes, and pre-registrants are entered into a draw to win an iPad Mini.

For more information about the project, visit coopinnovation.wordpress.com. More information about FCL’s social responsibility efforts is also available in its 2013-14 Social Responsibility Report.

Date City Location Register
Jan. 23, 2015
5:30 – 8:30 p.m.
Buffalo Narrows, SK Buffalo Narrows Arena dazawray.parker@usask.ca
306-966-2946
Jan. 26, 2015
5:30 – 8:30 p.m.
Bow Island, AB Bow Island Legion darcy.overland@usask.ca
306-966-8502
Jan. 29, 2015
5:30 – 8:30 p.m.
Rimbey, AB Peter Lougheed Community Centre rhiannon.klein@usask.ca
306-966-5844
Feb. 16, 2015
5:30 – 8:30 p.m.
Fruitvale, BC Fruitvale Community Hall darcy.overland@usask.ca
306-966-8502
Feb. 17, 2015
5:30 – 8:30 p.m.
Warfield, BC Warfield Community Hall darcy.overland@usask.ca
306-966-8502
Feb. 17, 2015
5:30 – 8:30 p.m.
Gillam, MB Gillam Recreation Centre rhiannon.klein@usask.ca
306-966-5844
Feb. 18, 2015
5:30 – 8:30 p.m.
New Denver, BC Bosun Hall darcy.overland@usask.ca
306-966-8502
Feb. 18, 2015
4:00 – 7:00 p.m.
Clinton, BC Clinton Community Centre dazawray.parker@usask.ca
306-966-2946
Feb. 19, 2015
5:30 – 8:30 p.m.
Cross Lake, MB Cross Lake Community Council Office rhiannon.klein@usask.ca
306-966-5844
Feb. 26, 2015
5:30 – 8:30 p.m.
Arborfield, SK Arborfield Community Hall darcy.overland@usask.ca
306-966-8502
Mar. 4, 2015
5:30 – 8:30 p.m.
Masset, BC Howard Phillips Community Hall rhiannon.klein@usask.ca
306-966-5844
Mar. 11, 2015
5:30 – 8:30 p.m.
Pinawa, MB Pinawa Secondary School
Multi-Purpose Room
dazawray.parker@usask.ca
306-966-2946
Mar. 24, 2015
5:30 – 8:30 p.m.
Humboldt, SK Humboldt Uniplex
Meeting Room 3
kyle.white@usask.ca
306-966-8502

GGP: Seattle-based Nordstrom plans to open a full-line store in the new regional shopping center in Norwalk, CT

SEATTLE, 2015-3-2 — /EPR Retail News/ — Seattle-based Nordstrom, Inc. (NYSE: JWN), a leading fashion specialty retailer, today announced plans to open a full-line store in the new regional shopping center in Norwalk, CT being developed by General Growth Properties (NYSE: GGP). The three-level, approximately 150,000 square-foot store is scheduled to open in fall 2018 and will be the company’s second full-line store in the state. The company opened its first Nordstrom in Connecticut in 1997 near Hartford at Westfarms Mall in Farmington.

“We’re glad we have an opportunity to serve our existing Fairfield County customers closer to home as well as customers new to Nordstrom in a compelling, new retail destination,” said Jamie Nordstrom, president of stores for Nordstrom, Inc. “GGP is a terrific partner and we are excited to be a part of this new regional shopping center.”

“Our goal is to provide a unique shopping destination that serves as a gathering place for great retail, dining and entertainment. Securing Nordstrom as an anchor shows GGP’s strategy to bring high-quality stores to this exciting new development that will complement existing merchants in South Norwalk and attract new customers,” said Sandeep Mathrani, CEO, GGP.

Located just off I-95 at the intersection of West Avenue and North Water Street in the Reed Putnam Urban Renewal area (95/7), Nordstrom will be an anchor tenant of GGP’s new, 700,000+-square-foot enclosed regional retail center. In addition, the company also operates a Nordstrom Rack nearby at West Farm Shopping Center in Farmington, CT.

About Nordstrom
Nordstrom, Inc. is a leading fashion specialty retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 292 stores in 38 states, including 116 full-line stores in the United States and one in Canada; 167 Nordstrom Racks; two Jeffrey boutiques; and one clearance store. Nordstrom also serves customers online through Nordstrom.com, Nordstromrack.com and private sale site HauteLook. The company also owns Trunk Club, a personalized clothing service that takes care of customers online at TrunkClub.com and its five showrooms. Nordstrom, Inc.’s common stock is publicly traded on the NYSE under the symbol JWN.

About GGP
General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

CONTACTS:

GGP
Lesley Cheers
(312) 960-2646

GOLIN
Dan Evans
(206) 303-3036

L Brands will broadcast its February 2015 sales report on Thursday, March 5

COLUMBUS, Ohio, 2015-3-2 — /EPR Retail News/ — In conjunction with L Brands’ sales release, you are invited to listen to a pre-recorded broadcast of the February sales report with Amie Preston, Chief Investor Relations Officer for L Brands (NYSE: LB).  The broadcast will be available on the Internet on Thursday, March 5, at 7:30 a.m. ET.

What: L Brands February Sales Report
When: 7:30 a.m. ET on Thursday, March. 5, 2015
Where: http://www.LB.com
How: Simply log on to the Web at the address above or dial 1-866-639-7583.
There is no security passcode.

To access the broadcast, click on the February sales webcast link on the homepage.  The call will also be archived onwww.LB.com.

ABOUT L BRANDS:
L Brands, through Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel, is an international company.  The company operates 2,969 company-owned specialty stores in the United States, Canada and the United Kingdom, and its brands are sold in about 600 additional franchised locations worldwide.  The company’s products are also available online atwww.VictoriasSecret.com, www.BathandBodyWorks.com, www.HenriBendel.com and www.LaSenza.com.

Tammy Roberts Myers
Vice President, Communications
614-415-7072 tel.

Amie Preston
Chief Investor Relations Officer
614-415-6704 tel.

J. C. Penney Company reports comparable store sales grew 4.4 percent for both the fourth quarter and full fiscal 2014

• Gross margin improved 540 basis points for the fourth quarter and full year
• SG&A savings of $121 million; 210 basis points improvement for the year
• Positive free cash flow of $57 million for the year, a $2.8 billion improvement

PLANO, Texas, 2015-3-2 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) today announced financial results for its fiscal fourth quarter and full year ended Jan. 31, 2015. Comparable store sales grew 4.4 percent for both the fourth quarter and full fiscal year. The combination of this sales improvement, stronger gross margins and decreasing SG&A expense resulted in a $1.1 billion increase in EBITDA for the year.

Myron E. (Mike) Ullman, III, chief executive officer, said, “2014 was a successful year for JCPenney. Thanks to the hard work and outstanding execution by our teams, we significantly grew sales and gross margin and delivered on our goal to generate positive free cash flow, representing a $2.8 billion improvement over last year. I am extremely proud of all that has been accomplished to restore this great Company. We are back in the eyes of our customers, back running the business effectively and back on solid financial footing. We fully intend to build on this momentum and continue to significantly improve our business in 2015.”

Marvin Ellison, president and CEO-designee, said, “I have been very impressed by what I have seen in my first few months at JCPenney. The passion and knowledge of our associates and their dedication to customer service is helping us take back share from our competitors, as we continue to find new ways to put the customer first. I believe 2015 will be an important year for JCPenney, and the team is focused on profitably executing our business.”

Fourth Quarter Results

For the fourth quarter, which included a successful holiday season, JCPenney reported net sales of $3.89 billion compared to $3.78 billion in the fourth quarter of 2013. Comparable store sales rose 4.4 percent for the quarter. Online sales through jcpenney.com were $428 million for the quarter, up 12.5 percent versus the same period last year.

Men’s apparel, Home and Fine Jewelry were the Company’s top performing merchandise divisions during the quarter. Sephora inside JCPenney, now in 492 locations, also continued its strong performance. Geographically, all regions delivered sales gains over the same period last year with the best performance in the central and western regions of the country.

For the fourth quarter, gross margin improved 540 basis points to 33.8 percent of sales, compared to 28.4 percent in the same quarter last year. Gross margin was positively impacted by significant improvement in the Company’s merchandise mix and margin on clearance sales over the prior year quarter.

SG&A expenses for the quarter were up $28 million to $1.032 billion, or 26.5 percent of sales.

Operating income for the quarter was $63 million, which represents a $201 million increase over last year. EBITDA was $220 million, a $197 million improvement from the same period last year.

Adjusted net income for the fourth quarter improved $206 million to breakeven. Net income for the quarter was a loss of $59 million, compared to a gain of $35 million in last year’s fourth quarter, which benefitted from a one-time $270 million non-cash tax credit. These income tax changes resulted in a negative year over year impact of $292 million on the Company’s reported net income.

A reconciliation of GAAP to non-GAAP financial measures is included in the schedules accompanying the consolidated financial statements in this release.

Full Year Results

For the full year 2014, comparable store sales increased 4.4 percent. Total sales increased 3.4 percent for the year. Internet sales through jcpenney.com grew $145 million to $1.22 billion for the year, increasing 13.4 percent over last year.

For the year, gross margin increased 540 basis points to 34.8 percent from 29.4 percent in the prior year. SG&A decreased $121 million or 210 basis points compared to the prior year.

EBITDA was $323 million, a more than $1.1 billion improvement from last year.

Free cash flow was $57 million, a positive increase of over $2.8 billion.

The Company ended the year with liquidity of approximately $2.1 billion.

In 2014, the Company opened its first ever store in Brooklyn, N.Y., giving JCPenney a location in all five boroughs of New York City. The Company opened 46 Sephora inside JCPenney boutiques, bringing the total to 492 locations, and announced plans to open 25 additional locations in 2015. In addition, JCPenney, which carries an exclusive assortment of Disney merchandise, is capitalizing on the success of its Disney-branded Shops inside JCPenney by opening an additional 100 locations by back-to-school 2015, bringing the total to nearly 700 locations.

Outlook

Building on the success of 2014, the Company’s 2015 full year guidance is as follows:

• Comparable store sales: expected to increase 3 percent to 5 percent;
• Gross margin: expected to improve 50 to 100 basis points versus 2014;
• SG&A: expected to decrease $50 to $100 million versus 2014;
• Primary pension plan expense: approximately $19 million;
• Depreciation and amortization: approximately $615 million;
• Interest expense: approximately $415 million; and
• Free cash flow: expected to be flat.

Fourth Quarter and Full Year 2014 Earnings Conference Call Details

At 4:30 p.m. ET today, the Company will host a live conference call conducted by Chief Executive Officer Myron E. (Mike) Ullman, III, President and CEO-Designee Marvin Ellison and Chief Financial Officer Ed Record. Management will discuss the Company’s performance during the quarter and take questions from participants. To access the conference call, please dial (877) 415-3179, or (857) 244-7322 for international callers, and reference 49326884 participant code or visit the Company’s investor relations website at http://ir.jcpenney.com.

Telephone playback will be available approximately two hours after the conclusion of the meeting by dialing (888) 286-8010, or (617) 801-6888 for international callers and referencing 46764699 participant code.

Investors and others should note that we currently announce material information using SEC filings, press releases, public conference calls and webcasts. In the future, we will continue to use these channels to distribute material information about the Company and may also utilize our website and/or various social media to communicate important information about the Company, key personnel, new brands and services, trends, new marketing campaigns, corporate initiatives and other matters. Information that we post on our website or on social media channels could be deemed material; therefore, we encourage investors, the media, our customers, business partners and others interested in our Company to review the information we post on our website as well as the following social media channels:

Facebook (https://www.facebook.com/jcp) and Twitter (https://twitter.com/jcpnews).

Any updates to the list of social media channels we may use to communicate material information will be posted on the Investor Relations page of the Company’s website at www.jcpenney.com.

Media Relations:
(972) 431-3400 or jcpnews@jcp.com

Investor Relations:
(972) 431-5500 or jcpinvestorrelations@jcpenney.com

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 jcpenney.com, 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.com.

Forward-Looking Statements
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expect” and similar expressions identify forward-looking statements, which include, but are not limited to, statements regarding sales, gross margin, selling, general and administrative expenses, and cash flows. Forward-looking statements are based only on the Company’s current assumptions and views of future events and financial performance. They are subject to known and unknown risks and uncertainties, many of which are outside of the Company’s control that may cause the Company’s actual results to be materially different from planned or expected results. Those risks and uncertainties include, but are not limited to, general economic conditions, including inflation, recession, unemployment levels, consumer confidence and spending patterns, credit availability and debt levels, changes in store traffic trends, the cost of goods, more stringent or costly payment terms and/or the decision by a significant number of vendors not to sell us merchandise on a timely basis or at all, trade restrictions, the ability to monetize non-core assets on acceptable terms, the ability to implement our strategic plan, customer acceptance of our strategies, our ability to attract, motivate and retain key executives and other associates, the impact of cost reduction initiatives, our ability to generate or maintain liquidity, implementation of new systems and platforms, changes in tariff, freight and shipping rates, changes in the cost of fuel and other energy and transportation costs, disruptions and congestion at ports through which we import goods, increases in wage and benefit costs, competition and retail industry consolidations, interest rate fluctuations, dollar and other currency valuations, the impact of weather conditions, risks associated with war, an act of terrorism or pandemic, the ability of the federal government to fund and conduct its operations, a systems failure and/or security breach that results in the theft, transfer or unauthorized disclosure of customer, employee or Company information, legal and regulatory proceedings and the Company’s ability to access the debt or equity markets on favorable terms or at all. There can be no assurances that the Company will achieve expected results, and actual results may be materially less than expectations. Please refer to the Company’s most recent Form 10-Q for a further discussion of risks and uncertainties. Investors should take such risks into account and should not rely on forward-looking statements when making investment decisions. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We do not undertake to update these forward-looking statements as of any future date.

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Target Corporation to webcast its meeting with the financial community on March 3 from approximately 2:30 p.m. to 5 p.m. Eastern time

MINNEAPOLIS, 2015-3-2 — /EPR Retail News/ — Target Corporation (NYSE:TGT) will webcast its meeting with the financial community on March 3 from approximately 2:30 p.m. to 5 p.m. Eastern time. Investors and others are invited to access the presentations and Q&A session online on the Events & Presentations section of Target.com/Investors. The webcast will be archived for at least 90 days following the meeting.

At the meeting, Target will discuss its strategic and financial plans and provide guidance for the company’s expected fiscal 2015 financial performance. Speakers will include:

  • Brian Cornell, Chairman of the Board and Chief Executive Officer
  • John Mulligan, Executive Vice President and Chief Financial Officer
  • Casey Carl, Chief Strategy and Innovation Officer
  • Kathee Tesija, Executive Vice President and Chief Merchandising and Supply Chain Officer
  • Jeff Jones, Executive Vice President and Chief Marketing Officer

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.

media hotline

e: email
p: (612) 696-3400

We strive to return all media inquiries within one business day.

Best Buy customers donated more than $9.7 million to St. Jude Children’s Research Hospital

Odessa, Texas, 2015-3-2 — /EPR Retail News/ — This past holiday, Mary Collett’s Best Buy mobile store in Odessa, Texas, was a company-wide leader in contributing to the St. Jude Thanks and Giving® campaign.

On Wednesday, she got to see first-hand all the good that money can do at St. Jude Children’s Research Hospital®.

“Until you visit St. Jude, you don’t really grasp the immenseness of it all,” she said during the tour of the Memphis-based hospital. “There are so many staff members. So many children. And they’re all so happy. The parents are happy, too. I had a mom give me a hug and say, ‘Thanks for what you do for my children.’”

Collett was one of more than two dozen Best Buy store leaders from across the nation who visited St. Jude’s, capped off by Best Buy’s Chief Administrative Officer and Chief Financial Officer Sharon McCollam presenting the hospital with a check for more than $9.7 million.

“The men and women of Best Buy are honored to help the children of St. Jude with this donation,” Sharon McCollam said. “We care deeply about St. Jude’s mission and it is heart-warming to know that the fundraising efforts in our stores and the generosity of our customers will help save the lives of some very special children. It is also extremely gratifying to know that the families of these children will never receive a bill. Through donations like ours, St. Jude makes it possible for families to only focus on one thing – making their child well.”

The $9,763,445 comes from Best Buy customers who donated to St. Jude while making their purchases this holiday season – and that total is more than three times Best Buy’s St. Jude Thanks and Giving® campaign goal of $3 million.

At St. Jude, families never receive a bill for treatment, travel, housing or food. During the campaign, which ran from Oct. 26, 2014 through Jan. 4, 2015, customers could make a donation at the register of every Best Buy store nationwide. New this year was a signature-pad prompt that made the donation process easier for employees and customers alike.

Seventy-five percent of the funds necessary to operate St. Jude are covered by public contributions like Best Buy’s, and every dollar given will help to make sure that families of patients never receive a bill from St. Jude for treatment, travel, housing and food. This contribution could:

  • Operate St. Jude for more than four days, or
  • Provide 970,000 meals for St. Jude patients, or
  • Fund 6,580 days of chemotherapy

“As we enter the second decade of our St. Jude Thanks and Giving® campaign, we could not have asked for a more wonderful performance from our partners,” said Marlo Thomas. “Best Buy and its customers truly came through for us this year, not only raising vital funds for the hospital, but also showing such care and concern for the children and their Moms and Dads.”

Ms. Thomas is the National Outreach Director for St. Jude Children’s Research Hospital, and the co-creator of the St. Jude Thanks and Giving® campaign.

To learn more about St. Jude Children’s Research Hospital, please visit www.stjude.org.

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Best Buy customers donated more than $9.7 million to St. Jude Children’s Research Hospital

Photos: Courtesy of St. Jude

Stop & Shop Supermarket Company to honor New York area WW2 veterans

Memorial Day tributes are among the programs to be sponsored

Purchase, NY, 2015-3-2 — /EPR Retail News/ — As we observe the 70th anniversary of the end of World War II this year, The Stop & Shop Supermarket Company LLC has announced that the company will be honoring New York area veterans and those returned from active duty at events scheduled throughout the year at the American Airpower Museum at Republic Airport and the Museum of American Armor at Old Bethpage Village Restoration.

Long Island hosts one of the largest veteran’s populations in the United States with approximately 210,000 men and women living in the bi-county area who have worn the uniform of the American military. “Stop & Shop is proud to support our local communities around issues that are meaningful to them, to support the American Airpower Museum, which is a local treasure, and veterans of today and yesterday who continue to protect our freedoms,” said Arlene Putterman, Manager of Public and Community Relations for Stop & Shop New York Metro division. Stop & Shop will be among the sponsors supporting the arrival of the Thunderbirds aerobatic team scheduled to fly over Jones Beach this Memorial Day weekend along with a squadron of World War II fighters and bombers including the iconic B-17 Flying Fortress.

In addition, Stop & Shop will be underwriting 70th anniversary programs at the Museum of American Armor on the grounds of Old Bethpage Village Restoration this spring that include a tribute to those who liberated the death camps of the Nazi Third Reich and Marines who stormed enemy held Pacific beaches.

A longtime supporter of the Museum of American Armor, Nassau County Executive Edward P. Mangano stated, “Nassau County Executive Edward P. Mangano stated, “Stop & Shop’s sponsorship of these programs provides another opportunity to pay tribute to the heroes in our own families. Their support helps ensure we all are afforded an opportunity to honor those who have risked their lives on behalf of our nation.”

New York State Assemblyman Charles Lavine observed, “We have learned through much heartache and sacrifice that democracies must be strong enough to defend the very principle of freedom. These sponsorships by Stop & Shop are not only timely but crucial if we are to remain focused on what has been required to protect our nation.”

Jeff Clyman of the American Airpower Museum said, “We hope the families of every vet join us in tipping our hats to Stop & Shop for providing the financial resources needed to create the programs that publicly thank our military. These are the kind of efforts that remind all of us that whether it was 70 years ago or today, freedom demands courage, valor and sacrifice.”

About Stop & Shop
The Stop & Shop Supermarket Company LLC employs over 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 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.

Contacts:
Arlene Putterman
Stop & Shop NY Metro Division
(914) 251-2834
arlene.putterman@stopandshop.com

Price comparison study reveals Giant’s prices were lower relative to Safeway, Shoppers and Harris Teeter in Washington, D.C., Virginia, and Maryland

Price Comparisons Show Giant Prices Lower for Frequently Purchased Products

Landover, Md., 2015-3-2 — /EPR Retail News/ — Giant Food of Landover, Md. is committed to providing customers with the highest quality products at great prices. Today, Giant announced the results of a price comparison study revealing that Giant’s prices were lower relative to Safeway, Shoppers and Harris Teeter, several of our top competitors in Washington, D.C., Virginia, and Maryland.

In its continuing efforts to ensure low, everyday prices for customers, Giant selected frequently purchased national and private label brand products and compared its prices against those of other leading supermarkets.

For a selection of groceries, which included store brand sugar, cucumbers, Philadelphia Cream Cheese, store brand shredded cheese, Barilla Pasta, Tide Liquid Detergent, Folgers Coffee, and ten other popular items, Giant prices were 23 percent lower than Safeway and 13 percent lower than Harris Teeter in Washington, D.C. (See flyer for the list of items and prices compared.)

“We know that customers have many options when it comes to shopping for groceries, and getting the best value for their hard-earned money is a top priority,” said Dean Wilkinson, vice president of sales and merchandising, Giant Food. “These price comparisons are just one example demonstrating how Giant is helping customers save. Giant has also lowered prices on thousands of items. We encourage them to compare for themselves and save.”

For more than 79 years, Giant has placed customer satisfaction at the heart of its business. Giant helps customers watch their savings stack up by offering Low Everyday Prices on thousands of their favorite everyday products;Bonus Buy Savings, featuring time-limited promotions that offer customers outstanding value; and our Gas Rewards promotions where customers can save up to $2.20 per gallon for up to 35 gallons per fill-up at participating gas stations. Giant is constantly improving the customer experience with enhanced offerings across the store including fresh, organic, local, and ethnic product lines, as well as quality own brand products that are a great value and rival national brands in quality.

Customers can find the best deals in Giant’s weekly circular—and, of course, at your local Giant store.

To learn more about Giant’s initiatives and how you can “Watch Your Savings Stack Up,” visit www.giantfood.com.

About Giant Food
Giant Food LLC, headquartered in Landover, Md., operates 169 supermarkets in Virginia, Maryland, Delaware, and the District of Columbia, and employs approximately 20,000 associates. Included within the 169 stores are 157 full-service pharmacies. Giant opened the first supermarket in the nation’s capital on February 6, 1936. Giving back to the community is a cornerstone that was instilled by the founders more than 78 years ago. The company’s core areas of giving include hunger, education, health and wellness, and supporting service members and military families. In 2013, Giant’s monetary and in-kind contributions exceeded $13 million, and the nation’s capital grocer helped partners provide 64.6 million meals. For more information on Giant, visit www.giantfood.com.

MEDIA CONTACT: Jamie Miller
(301) 341-8776
jmiller@giantfood.com

Hy-Vee CEO Randy Edeker named CEO of the Year by Retail Leader magazine

The retail food industry magazine recognizes Edeker as one of 2014’s top CEOs

WEST DES MOINES, Iowa, 2015-3-2 — /EPR Retail News/ — Hy-Vee, Inc. Chairman of the Board, CEO and President Randy Edeker has been named CEO of the Year by Retail Leader magazine.

In the current magazine issue, Edeker is recognized for his outstanding outreach, which includes initiatives to improve and expand food service offerings and in-store customer outreach; emphasis on sustainability; and participation in community and trade organizations. He serves as chairman of the Member Services Committee for the Food Marketing Institute and will become chairman of the National Association of Chain Drugstores in April.

“To be recognized by a well-respected publication in our industry is humbling, and our 75,000 employees also deserve credit. They make it all possible by taking our company to new heights through hard work and dedication to our customers,” said Edeker, who is Hy-Vee’s fourth CEO in the grocery chain’s 85-year history.

Edeker said Hy-Vee’s culture and autonomous structure are what make the company successful. He’s quoted in the article as saying, “I had somebody tell me one time, ‘Culture eats strategy for breakfast,’ and I think that’s true,” he said. “You have to have an understanding of the culture you’re a part of, and that will help you develop strategy to be successful.”

Supervalu Inc. CEO Sam Duncan was also recognized in the January/February issue of Retail Leader.

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Hy-Vee, Inc. is an employee-owned corporation operating 235 retail stores across eight Midwestern states with sales of more than $8.7 billion annually. Hy-Vee ranks among the top 25 supermarket chains and the top 50 private companies in the United States. Supermarket News, the authoritative voice of the food industry, has honored the company with a Whole Health Enterprise Award for its leadership in providing services and programs that promote a healthy lifestyle. For more information, visit www.hy-vee.com.