Inditex Group sales revenue rose by 8% in fiscal 2014; employees to participate in a special profit sharing plan in the next 2 years

Arteixo, Spain, 2015-3-19 — /EPR Retail News/ — The Group announces a special profit sharing plan under which employees will participate in earnings growth in the next two years

The profit sharing scheme will benefit all of the Group’s store, manufacturing, logistics, concepts and subsidiaries employees all over the world, so long as they have been working for Inditex for at least two years, which means some 70,000 beneficiaries in 54 markets

In 2014 the Group generated 8,741 new jobs worldwide, 1,800 of which in Spain. Inditex’s headcount totalled 137,054 at 31 January

  • Same-store sales growth was 5%; in the last five years growth in this key performance indicator stands at 23%
  • Net profit totalled €2.5 billion, year-on-year growth of 5%
  • In 2014 the company continued to invest in growth, spending €1.4 billion to process automation, store modernisation and adaptation of its logistics platforms to cater to new demand challenges
  • Over the course of the year Inditex opened 343 stores in 54 markets, bringing its network total to 6,683
  • Online sales operations were launched in South Korea and Mexico last year, lifting the Group’s e-commerce footprint to 27 markets. In 2015 Inditex plans to launch online sales in Taiwan, Hong Kong and Macao
  • Over half of the Group’s stores have already adopted the eco-efficient model which delivers average energy savings of 32% with respect to conventional stores
  • The Board of Directors will ask the company’s shareholders to approve a €0.52 per share dividend, year-on-year growth of 7.5%, at the upcoming Annual General Meeting
  • Store sales increased by 13% in constant-currency terms between 1 February and 14 March 2015

Inditex Group sales revenue rose by 8% in fiscal 2014 (1 February 2014 – 31 January 2015) to €18.12 billion. Net sales in local currencies increased by 11% in FY14. Same-store sales growth was 5%, implying like-for-like store sales growth in the last five years of 23%.
Net profit came to €2.5 billion, growth of 5% from 2013, while EBITDA rose 5% to €4.1 billion.

Key figures
(Billion Euros) 2014 2013 14/13
Net sales 18,117 16,724 8%
Gross Profit    Gross margin 10,56958.3% 9,92359.3% 7%
EBITDA 4,103 3,926 5%
EBIT 3,198 3,071 4%
Net profit 2,501 2,377 5%
Other performance indicators
Number of stores      Net openings 6,683343
Number of markets 88
Employees 137,054

In 2014, the Inditex Group created 8,741 new jobs and its headcount went from 128,313 to 137,054. Of these, over 1,800 were created in Spain, between its sales network, central headquarters and logistics platforms, in order to support the Group’s global growth.

Special profit-sharing plan. In view of the performance of the Group over recent years, a special profit sharing plan has been approved under which employees will participate in Inditex’s earnings growth in 2015-2016. All employees at stores, manufacturing, logistics, concepts and subsidiaries around the world who have been with the Group for more than two years will be eligible. The Group will award these beneficiaries 10% of the year-on-year growth in consolidated profit attributable to the controlling company up to a cap of 2% of total profit. The beneficiaries number around 70,000 people in 54 markets.
The scheme will run for two years. Part one will be collected in 2016 on the basis of year-on-year growth in Group net profit in 2015. Part two will be collected in 2017, following the same criteria. The plan will accrue in 2015 and 2016.

Capital expenditure. Capital expenditure totalled €1.4 billion in 2014 for the automation of processes and modernisation of the Group’s facilities in Spain. Some of the most noteworthy investments include the start-up of Inditex’s new logistics platform in Cabanillas (Guadalajara, Spain), generating almost 300 new jobs, and culmination of the expansion work at the Arteixo head office complex with the opening of the new Technology Centre. This centre, which is equipped with world-class technology, has been certified under the highest IT security and environmental sustainability standards.

The bulk of capital expenditure continues to be earmarked to new store openings and the refurbishment and expansion of existing establishments. Here it is worth underscoring the one-off investment made to purchase a building in New York’s SoHo which will house a new flagship Zara store.

New store openings. Inditex ended 2014 with 343 more stores that at year-end 2013 for a total network of 6,683 establishments in 88 markets, having entered the Albanian market during the year. In total it opened new establishments in 54 markets worldwide. Some of the most noteworthy openings included flagship Zara stores in Zurich (Bahnhofstrasse), Miami (Lincoln Road), Madrid (Serrano), Krakow (Rynek Glowny), Hong Kong (Queens Road) and Shanghai (East Nanjing Road) to bring its total number of stores in China to over 500 across 60 cities.

The Group’s other chains also opened high-profile stores such as the Pull&Bear stores in Milan (Vittorio Emanuelle II) and Amsterdam (Kalverstraat); the Massimo Dutti stores in Vienna (Kholmarkt) and Palma de Mallorca (Born); the Bershka store in Turin (Via Roma); the Uterqüe store in Madrid’s airport; the Stradivarius store in Osaka (Shinsaibashi); the new image Uterqüe store in Barcelona’s airport; the Oysho store in Barcelona (Pelai); and the Zara Home flagship in London (Kensington High Street). In 2015, Zara Home has opened its debut stores in Australia, making it the second Group chain to boast a presence in this region.

New stores planned for this year include prominent openings on Oxford St. 61 (London), in Plaza Cataluña (Barcelona) and a number of openings in various US cities, including three in New York: one on Fifth Avenue and 42nd street, inaugurated last week, another in the new World Trade Centre, in the heart of the New York’s financial district, and a third in SoHo, in a building recently acquired by the Group.

Also in 2014, the Group rolled out online stores for the chains with a presence in South Korea and Mexico and is planning to add Taiwan, Hong Kong and Macau to the e-commerce platform in 2015 (see Appendix).

Dividend. Inditex’s Board of Directors will ask the company’s shareholders to approve a €0.52 per share dividend, marking year-on-year growth of 7.5%, at its Annual General Meeting in July. A dividend of €0.26 per share will be paid out in the interim on 4 May 2015, and the remaining €0.26 per share would be paid out, if approved, on 3 November 2015 in the form of a final and special dividend.

2015 update. Store sales in constant currency terms rose by 13% between 1 February and 14 March 2015.

AppendixGlobal online sales platform

(in bold the online stores that went live in 2014)

Austria Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Belgium Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Canada Zara, Massimo Dutti, Zara Home
China Zara, Pull&Bear, Massimo Dutti, Bershka
Denmark Zara, Pull&Bear, Massimo Dutti, Zara Home
Finland Zara Home
France Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Germany Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Greece Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Ireland Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Zara Home,Uterqüe
Italy Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home
Japan Zara
Luxembourg Zara, Pull&Bear, Massimo Dutti, Stradivarius, Oysho, Zara Home, Uterqüe
Mexico Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home
Monaco Zara, Pull&Bear, Masimo Dutti, Zara Home, Uterqüe
Netherlands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Norway Zara, Massimo Dutti, Zara Home
Poland Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home
Portugal Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Romania Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius
Russia Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
South Korea Zara
Spain Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
Sweden Zara, Pull&Bear, Massimo Dutti, Oysho, Zara Home
Switzerland Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Zara Home, Uterqüe
United Kingdom Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe
United States Zara, Massimo Dutti, Zara Home

For any press request please contact with:
Communication and Corporate Affairs Division
Edificio Inditex
Avda. de la Diputación s/n
15143 – Arteixo
A Coruña – ESPAÑA
Tlf: +34 981 185 400
Fax: +34 981 185 544
comunicacion@inditex.com

BRC Helen Dickinson: We welcome the official announcement of a ‘radical’ review of the business rates system

LONDON, 2015-3-19 — /EPR Retail News/ — The Chancellor has used his last budget of this Parliament to reconfirm his commitment to carry out the most “far-reaching” and “radical” review into the business rates system in a generation, kick-starting a process that leads the way to changes to how businesses across England pay the tax.

The government first revealed that it would carry out a comprehensive review of the outdated system during last year’s Autumn Statement and businesses were encouraged by the publication of its terms of reference this week. It was also confirmed that the government would go ahead with further help on rates including the extension of both the small business rates relief for another year and transitional rate relief to support small business facing significant bill increases due to the ending of transitional rate relief. Retailers will also see roll over for another year of the discount for retailers with properties of less than £50,000 rateable value.

The Chancellor also included a number of announcements that stand to benefit the consumer as well as the retail industry more widely.

Commenting on the business rates announcement Helen Dickinson, British Retail Consortium Director General, said:

“We welcome today’s official announcement of a ‘radical’ review of the business rates system and we’re looking forward to working with the government throughout the process to make sure a new system is modern, sustainable and crucially – competitive.

“It’s important then to get the review process right, so that we don’t waste this great opportunity and can guarantee that we end up with a system which is better for business, better for local government and better for the communities that retailers and other rate payers serve every day.

“The government is now seeking the views of UK business on a whole range of questions about the future structure of the system. In addition, it’s critical that it seeks an authoritative and independent analysis as the review progresses, so as to ensure the final solutions are based on objective, robust hard evidence.

“There are plenty of interpretations of what fiscal neutrality means and I would encourage that as broad a view as possible is taken. Another positive step forward for the government to take would be to explain what is meant by fiscal neutrality.

“With cross-party political support for a fundamental review of business rates I’m confident that we can put an end to this drag on our local and national economy.”

On support for consumers:

“The Chancellor included very welcome support for consumers. Extending the personal Income Tax allowance, the new Personal Savings Allowance and increasing the flexibility of ISAs will all make the pounds in our pockets go that little bit further. An additional welcome measure was the announcement of a further year’s fuel duty freeze. Taken together these will provide customers with significant additional help when balancing household budgets”.

On the National Insurance Contributions announcement:

“Young people are at the heart of the retail workforce – over 1 million of the 3 million people who work in retail are under 24 years old. The Chancellor’s abolition of NICs for under 21s lifts a significant burden from the industry and will allow retailers of all sizes to create new job opportunities for many more young people. The retail industry also employs almost 20 per cent of the UK’s apprentices and we know that it’s a great way for young people to earn while they learn. Abolishing NICs for young apprentices will make it easier and more cost effective to employ and train them. Not only will this be welcomed by retailers and the wider business community, but also by the young people who will benefit from the opportunities that working as an apprentice brings”.

On the digital infrastructure announcements:

“Improving mobile networks and digital infrastructure, bringing ultrafast broadband of at least 100 megabits per second to nearly all homes in the country are all worthy ambitions. Digital technology is increasingly playing a vital role in guaranteeing that our high streets are attractive, sustainable and can meet consumers’ ever-increasing expectations”.

On UKTI announcement:

“Increasing UKTI’s resources to double the support for British exporters to China is also a positive step forward. UK retailer’s brands are much in demand in China and our retail industry’s exports provide a great opportunity for the UK economy “.

On the national transport infrastructure announcements:

“The new investment in transport and infrastructure announced in today’s budget is good news for the retail industry. A modern, reliable transport infrastructure will better enable retailers to move goods from suppliers to distribution centres and stores and ultimately to the consumer as efficiently and conveniently as possible”.

Ends

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

www.brc.org.uk

Congress needs to pass a strong and effective federal data breach notification law, National Retail Federation

NRF Concerned over ‘Notice Holes,’ Wants ‘Everyone to Have Skin in the Game’

WASHINGTON, 2015-3-19 — /EPR Retail News/ — Congress needs to pass a strong and effective federal data breach notification law that applies to all entities that handle sensitive customer data, the National Retail Federation said today before a congressional panel examining draft data security legislation.

“If Americans are to be adequately protected and informed, federal legislation to address these threats must cover all of the types of entities that handle sensitive personal information,” NRF Senior Vice President and General Counsel Mallory Duncan said. “Exemptions for particular industry sectors not only ignore the scope of the problem, but create risks criminals can exploit. Equally important, a single federal law applying to all breached entities would ensure clear, concise and consistent notices to all affected consumers regardless of where they live or where the breach occurs.”

Duncan testified before a hearing of the House Energy and Commerce Committee’s Subcommittee on Commerce, Manufacturing and Trade, which was examining the Data Security and Breach Notification Act of 2015, proposed by Representatives Marsha Blackburn, R-Tenn. and Peter Welch, D-Vt.

Duncan outlined three principles for a federal data breach notification law, saying such a measure must apply to all entities handling sensitive information, including cloud services companies, payment processors, telecommunications firms, and branded payment networks; must reflect a strong consensus of existing state laws; and must preempt state laws in order to establish a truly uniform nationwide standard.

The draft legislation before the subcommittee would require neither third parties, like cloud-based storage services, that handle sensitive data for ‘covered entities,’ nor ‘service providers,’ such as communications firms, from providing public notice of their breaches of security. The bill would, however, place new data security and notice requirements on a broad swath of other industry sectors subject to Federal Trade Commission jurisdiction, such as retailers, restaurants, hotels, grocery stores, convenience stores, gas stations, and other merchants.

“Congress should not allow a federal breach notification law to suffer from ‘notice holes’ – the situation where certain entities are exempt from publicly reporting known breaches of their own systems,” Duncan said. “If we want meaningful incentives to increase security, everyone needs to have skin in the game.”

What retailers want you to know about data security from NRF on SlideShare

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities, and the critical role that retail plays in driving innovation. www.nrf.com

###

Stephen E. Schatz
202-626-8119
press@nrf.com
(855) NRF-Press

NRF presented Congress with achievable solutions to better protect consumers and help businesses prevent cyberattacks and data breaches

NRF Testifies on Congressional and Industry Efforts

WASHINGTON, 2015-3-19 — /EPR Retail News/ — The National Retail Federation today presented Congress with practical, commonsense and achievable solutions to better protect consumers and help businesses prevent cyberattacks and data breaches.

“We should not be satisfied with simply determining what to do after a data breach occurs,” NRF Senior Vice President for Government Relations David Frenchsaid. “Instead, it is important to look at why such breaches occur and what the perpetrators get out of them so that we can find ways to reduce and prevent not only the breaches themselves but the follow-on harm.”

French outlined six proposed solutions during his testimony before the House Oversight and Government Reform Committee’s Subcommittee on Information Technology including:

  • Expanding consumer liability protection for using debit cards;
  • Issuance of PIN-and-Chip cards that incorporate both computer microchips and use of a personal identification number (PIN) to authenticate a transaction;
  • Adoption of end-to-end data encryption throughout the payments system;
  • Developing open source, competitive tokenization standards to replace sensitive data with unique and unusable tokens;
  • Passage of a uniform nationwide breach notification law applying to all entities that handle sensitive customer information, and
  • Bolstering federal law enforcement investigation and prosecution of cybercriminals.

What retailers want you to know about data security from NRF on SlideShare

NRF’s recommendations were first proposed in an open letter to President Obama published in advance of the White House Summit on Cybersecurity and Consumer Protection last month.

“These are proposals that we believe policy makers can work together to achieve in the near term, either through consumer and industry-supported legislation or by working with the private sector on improving security practices outside of the lawmaking process,” French said.

In his testimony, French also reiterated NRF’s opposition to legislative efforts to impose on retailers, merchants and other nonbank businesses and individuals, the same Gramm-Leach-Bliley Act (GLBA) data security regulations designed for banks.

“Without the cooperation of our partners in the financial system, we cannot alone affect the changes necessary to better defend and protect against cyberattacks that lead to payment card fraud,” French said. “We need to work together to do what we can to improve an aging and outdated payment system that is the principal target of cyberattacks affecting U.S. retail businesses and their customers.”

NRF has been leading the retail industry’s efforts on cyber, data and payment security and has been working closely with its members, government officials, law enforcement agencies and other stakeholders to shore-up the retail industry’s defenses against cybercriminals.

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities, and the critical role that retail plays in driving innovation. www.nrf.com

###

Stephen E. Schatz
202-626-8119
press@nrf.com
(855) NRF-Press

Albert becomes top player in the Czech market after rebranding 49 SPAR supermarkets and Interspar compact hypers to Albert

Zaandam, The Netherlands, 2015-3-19 — /EPR Retail News/ — Albert finished rebranding the last Interspar compact hyper. This marked the end of an enormous eight-month project in which they successfully rebranded and converted 14 SPAR supermarkets and 35 Interspar compact hypers to Albert.

A top player in the market

The integration of the SPAR stores makes Albert a top player in the Czech market, with 334 stores, and one of the largest employers in the country, with more than 17,000 associates. Albert was able to offer 97% of SPAR associates a position in the company. Now that the rebranding is completed, the teams are now focused on winning former SPAR customers’ hearts. Albert’s ambition is to become the leading retailer in the Czech market and the best store in every town.

Keeping the best of both brands

During the last phase of the integration — the rebranding of the compact hypers – integration teams made a focused effort to keep the best of both brands. “We have made only minor changes in the stores, as they were well-appreciated and loved by customers. So customers will see all the main attributes as before, but now with lower prices,” said Albert General Manager Jesper Lauridsen.

They lowered prices of around 4,000 products to Albert levels, and introduced Albert’s fruit and vegetables offering to SPAR, with very positive feedback from customers (96% satisfied with produce freshness).

The teams tested around 700 own-brand products from Albert, SPAR and competitors to create the best assortment. They decided to introduce the Albert own-brand product line in the former SPAR stores, and in return, SPAR’s strong specialty own brands (Freeform and Veggie) will be introduced at Albert. In this way, they are doubling the own-brand assortment from 1,000 to 2,000 products, giving customers more options that fit their budgets.

Based on the strong positive perception among customers, they are keeping the deli and meat offering in the former Interspar stores as it was, with the same assortment and service level. They have also decided to roll out the Interspar meat branding, a Czech specialty meat line and several popular wines to Albert stores, recognizing these as strongpoints of the Interspar assortment.

Fresh assortment from regional suppliers

With the additional stores, Albert is also expanding cooperation with regional suppliers. “Cooperation with local suppliers is key for us. We are responding to growing customer demand for domestic foods from their favorite manufacturers. Through these local suppliers, which we specifically promote at the point-of-sale, we have managed to achieve a greater connection with the local community,” said Jesper.

###

Albert becomes top player in the Czech market after rebranding 49 SPAR supermarkets and Interspar compact hypers to Albert

Albert becomes top player in the Czech market after rebranding 49 SPAR supermarkets and Interspar compact hypers to Albert

Giant Food, LLC launches its brand new World Menu line

Enjoy Bold Italian and Asian Flavors at Home by Shopping Giant’s World Menu Line

Landover, Md., 2015-3-19 — /EPR Retail News/ — Giant Food, LLC is inviting customers to bring tastes from around the world to their dinner tables in just minutes with the launch of its brand new World Menu line. These internationally inspired products, including many Italian and Asian favorites, feature quality ingredients and easy preparation to offer a new take on take-out.

“Giant is proud to offer our customers a variety of international, gourmet meals at our everyday, affordable prices,” said Dean Wilkinson, vice president of sales and merchandising at Giant Food. “Our new World Menu line showcases unique flavors and simple preparation, providing an easy alternative to takeout options for customers with busy lives.”

Customers can find more than 50 World Menu products throughout the store, including a large assortment in the frozen department. With the World Menu Italian line, you can bring the bold flavors of Italy home with a trip to your local Giant. Starting with classic pastas, cheeses and herbs—all imported straight from Italy— the products feature fresh, peak quality ingredients like broccoli rabe, spicy red peppers and wild forest mushrooms. Products include a variety of frozen pastas, eggplant parmiggiana, broccoli rabe risotto and spicy arrabbiata, among others.

With World Menu, you can also invite the flavors of Asia to your table with Asian-inspired frozen meals, featuring tender seafood, chicken and pork. These dishes are paired with fresh vegetables and savory sauces for mouthwatering flavors. Items include potstickers, egg rolls, Mandarin orange chicken, shrimp lo mein, General Tso chicken, sesame chicken with brown rice and Japanese fried rice, in addition to other varieties.

For customers looking for new flavors to liven up their favorite sauces and pasta dishes, Giant also offers a selection of World Menu seasonings in the spices aisle. Flavors include bruschetta mix (salt, garlic, black pepper and chili pepper), agilo e pepperoncino (garlic and chili pepper), arrabbiata mix (tomato, garlic, chili pepper, parsley and black pepper) and amatriciana mix (onion, tomato and chili pepper).

Like all Giant’s Own Brand products, World Menu items have been subject to a rigorous testing program, which includes customer feedback to ensure that the grocer is consistently delivering on quality and value. For more information on World Menu products, stop into your local Giant or visit www.giantfood.com.

About Giant Food of Landover, Md.
Giant Food LLC, headquartered in Landover, Md., operates 168 supermarkets in Virginia, Maryland, Delaware, and the District of Columbia, and employs approximately 20,000 associates. Included within the 168 stores are 159 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 79 years ago. The company’s core areas of giving include hunger, education, health and wellness, and supporting service members and military families. In 2014, Giant’s monetary and in-kind contributions exceeded $14.9 million, and the nation’s capital grocer helped partners provide more than 88 million meals. For more information on Giant, visit www.giantfood.com.

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

Product recall: Wegmans Organic Walnut Halves & Pieces 6 oz. tubs due to possible Salmonella contamination

BUFFALO, NY, 2015-3-19 — /EPR Retail News/ — First Source, LLC of Buffalo, New York is voluntarily recalling 3,276 plastic tubs (6 oz.) of Wegmans Organic Walnut Halves & Pieces because the product may be contaminated with Salmonella, an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Healthy persons infected with Salmonella often experience fever, diarrhea (which may be bloody), nausea, vomiting and abdominal pain. In rare circumstances, infection with Salmonellacan result in the organism getting into the bloodstream and producing more severe illnesses such as arterial infections (i.e., infected aneurysms), endocarditis and arthritis.

The recalled Wegmans Organic Walnut Halves & Pieces 6oz tubs were distributed to Wegmans’ 85 stores in New York, Pennsylvania, New Jersey, Virginia, Maryland, and Massachusetts and sold between January 27 and March 17, 2015.

Product:  Wegmans Organic Food You Feel Good About Walnut Halves & Pieces, NET WT 6 oz, packed in clear plastic tubs

Specific Code Date on packages:  Best Before 1/27/16 (located on the bottom label)

UPC:  077890358009

To date, there have been no reported illnesses associated with this recall.

The recall was initiated as a result of a report received by the U.S. Food and Drug Administration, which detected Salmonella in specific grower lots of organic walnuts. Wegmans will place automated phone calls to customers who purchased the recalled product using their Shoppers Club card and the press release will be posted on their website.

Consumers who have purchased this product should return it to the service desk at Wegmans for a full refund. Consumers with questions may contact Wegmans consumer affairs department toll free at 1(855) 934-3663 Monday through Friday, between 8:00 a.m. and 5:00 p.m. Eastern time.

###

Contact Information:  
Mark Brulotte, First Source LLC, 716-995-8749
Jo Natale, Wegmans’ vice president of media relations, 585-429-3627

J. C. Penney Company, Inc. announces Kent B. Foster will retire from its Board of Directors at the end of his term, which concludes on May 15, 2015

PLANO, Texas, 2015-3-19 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE:JCP) today announced that Kent B. Foster will retire from its Board of Directors at the end of his term, which concludes on May 15, 2015, at the Company’s Annual Meeting of Stockholders. Foster is a former chairman of Ingram Micro Inc., and also served as president and vice chairman of the board at GTE Corporation. Foster joined the JCPenney Board of Directors in August 1998, and initially chaired the audit committee. He currently chairs the human resources and compensation committee, and is a member of the corporate governance committee.

“Kent’s extensive experience in communications and technology has enabled JCPenney to identify opportunities in digital retailing and operational efficiency. His guidance has been instrumental to enhancing the customer experience at JCPenney,” said Myron E. (Mike) Ullman, III, chief executive officer.

Thomas J. Engibous, chairman of the board, added, “Kent has been an integral member of our board of directors for nearly 17 years, and his contributions to JCPenney are immeasurable. We wish him well in retirement and all future endeavors.”

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.

###

Meijer launches SKECHERS concept shop inside the Knapp’s Corner Meijer

Retailer teams up with national shoe brand to enhance experience at Knapp’s Corner Meijer

GRAND RAPIDS, Mich., 2015-3-19 — /EPR Retail News/ — Meijer announced today that it’s continuing to up its fashion game with the spring launch of a SKECHERS concept shop inside the Knapp’s Corner Meijer, roughly one year after the retailer unveiled a fresh approach to lure grocery customers across the center aisle to its apparel offerings.

“Our customers have realized just how serious we are about providing on-trend fashion items at the right price,” said Peter Whitsett, executive vice president of merchandising and marketing for the Grand Rapids, Mich.-based retailer. “As one of the largest retailers of SKECHERS across the Midwest, this project strengthens our commitment to customers and gives families a convenient place to shop for shoes together.”

Meijer has offered the popular SKECHERS shoe brand for more than a decade and hopes to enhance the shoe-buying experience for its trend-savvy customers. The 804-square-foot SKECHERS concept shop at the Knapp’s Corner Meijer is a pilot project that may be incorporated into select future store remodel or new store plans. It is also the newest – and largest – shop of its kind within a retailer nationwide with more than 200 of the latest shoe styles for men, women and children on display.

“Meijer has been a strong SKECHERS partner for many years, so we’re thrilled to expand our retail presence in their stores with this new shop in shop concept,” SKECHERS Senior Vice President of Domestic Sales Rick Graham said. “It will showcase the SKECHERS brand with impactful visual displays, and create an accessible environment that is easy for customers to shop in. Working with great partners like Meijer has elevated our business and we’re excited to experience the positive results from this store remodel.”

The SKECHERS concept shop will feature four video screens to present product information and lifestyle news, including celebrity endorsements of SKECHERS shoes. A grand opening celebration will be held at the concept shop from noon to 4 p.m. March 21 and will include giveaways, shoe experts from Meijer and SKECHERS, and photos with mascots Crash from the Grand Rapids Whitecaps and Griff from the Grand Rapids Griffins.

“SKECHERS remains a very popular national shoe brand for our customers, who are looking for style and fit at an affordable price,” said Glen Reinart, divisional merchandise manager of shoes, jewelry and accessories for Meijer. “Their designs and technology are kept fresh and appeal to all ages. This new concept shop is a perfect way for our customers to easily find the SKECHERS style and fit that matches their lifestyle.”

About Meijer
Meijer is a Grand Rapids, Mich.-based retailer that operates 213 supercenters and grocery stores throughout Michigan, Ohio, Indiana, Illinois and Kentucky. As a pioneer of the “one-stop shopping” concept, Meijer stores have evolved through the years to include expanded fresh produce and meat departments, as well as pharmacies, comprehensive apparel departments, garden centers and electronic offerings. For additional information on Meijer, please visit www.meijer.com. Follow Meijer on Twitter @twitter.com/meijer and @twitter.com/meijerPR or become a fan at www.facebook.com/meijer.

About SKECHERS USA, Inc.
SKECHERS USA, Inc., based in Manhattan Beach, California, designs, develops and markets a diverse range of lifestyle footwear for men, women and children, as well as performance footwear for men and women. SKECHERS footwear is available in the United States and over 120 countries and territories worldwide via department and specialty stores, more than 1,000 SKECHERS retail stores, and the Company’s e-commerce website. The Company manages its international business through a network of global distributors, joint venture partners in Asia, and 12 wholly-owned subsidiaries in Brazil, Canada, Chile, Japan and throughout Europe. For more information, please visit skechers.comand follow us on Facebook (facebook.com/SKECHERS) and Twitter (twitter.com/SKECHERSUSA).

Contact: Christina Fecher, 616-540-6108, christina.fecher@meijer.com

###

Meijer launches SKECHERS concept shop inside the Knapp’s Corner Meijer

Meijer launches SKECHERS concept shop inside the Knapp’s Corner Meijer

 

Rite Aid Corporation announces intention to offer $1.8 billion aggregate principal amount of senior unsecured notes due 2023

CAMP HILL, Pa, 2015-3-19 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD) announced today its intention to offer $1.8 billion aggregate principal amount of senior unsecured notes due 2023 (the “Notes”). Rite Aid intends to use the net proceeds of the offering, together with other available cash, to fund the cash portion of the consideration and related fees and expenses payable by Rite Aid to equity holders of Envision Pharmaceutical Services (“EnvisionRx”) upon closing of Rite Aid’s previously announced acquisition of EnvisionRx. In the event the acquisition is not completed, Rite Aid has the ability to use the net proceeds to refinance certain of its existing indebtedness or to redeem the Notes.

The Notes will be unsecured, unsubordinated obligations of Rite Aid and will be fully and unconditionally guaranteed, jointly and severally, on an unsubordinated basis, by substantially all of Rite Aid’s subsidiaries, and, upon completion of the acquisition, by EnvisionRx and certain of its domestic subsidiaries.

The acquisition is expected to close by September 2015, subject to regulatory approvals and other customary closing conditions.

The offering of the Notes is subject to market and other customary closing conditions, and is not conditioned upon the completion of the acquisition. There can be no assurance that the acquisition will be completed on the terms described herein or at all.

The Notes and the related subsidiary guarantees will be offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States pursuant to Regulation S under the Securities Act. The Notes and the related subsidiary guarantees have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Rite Aid is one of the nation’s leading drugstore chains with 4,570 stores in 31 states and the District of Columbia and fiscal 2014 annual revenues of $25.5 billion.

FORWARD-LOOKING STATEMENTS   

Statements, including those regarding the impact of the transaction contemplated hereby on Rite Aid’s future financial performance, in this release that are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” and “will” and variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including, but not limited to, Rite Aid’s ability to complete the acquisition of EnvisionRx and realize the benefits of the transaction, EnvisionRx’s ability to meet its projected 2015 revenue and EBITDA targets, our high level of indebtedness and our ability to make interest and principal payments on our debt and satisfy the other covenants contained in our debt agreements, general economic, market, industry and competitive conditions, the risk that EnvisionRx’s business will not be successfully integrated with Rite Aid’s business, costs associated with the merger, delays and other matters arising in connection with the parties’ efforts to comply with and satisfy applicable regulatory approvals and closing conditions relating to the transaction, risks associated with the financing of the transaction, other events that could adversely impact the completion of the transaction, our ability to improve the operating performance of our stores in accordance with our long term strategy, the impact of private and public third-party payers continued reduction in prescription drug reimbursements and efforts to encourage mail order, our ability to manage expenses and our investments in working capital, outcomes of legal and regulatory matters and changes in legislation or regulations, including healthcare reform. These and other risks, assumptions and uncertainties are described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K and in other documents that we file or furnish with the Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Rite Aid expressly disclaims any current intention to update publicly any forward-looking statement after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

###

 

 

 

 

 

Contact:

Investors: Matt Schroeder 717-214-8867 or investor@riteaid.com

Media: Susan Henderson 717-730-7766

AT&T, ExxonMobil, Macy’s, Nationwide, Rite Aid, Direct Energy and Hulu join American Express to launch first U.S.-based coalition loyalty program Plenti

Debuting in Spring, Plenti Will Let Consumers Earn and Use Points across a Range of Well-Known Brands in Different Industries

NEW YORK, 2015-3-19 — /EPR Retail News/ — AT&T, ExxonMobil, Macy’s, Nationwide, Rite Aid, Direct Energy and Hulu are joining with American Express to launch Plenti, the first U.S.-based coalition loyalty program with well-known brands where consumers can earn and use Plenti points for purchasing a wide range of products, regardless of the payment method consumers choose to use. The program will officially launch this spring and is expected to include more brands in additional categories.

Recent research indicates that nearly three-quarters (72 percent) of Americans say they would prefer a rewards program that allows them to shop at many stores versus a single brand1. Plenti is designed to address that need, giving consumers options to earn points and additional value through special offers and product discounts. Plenti will be free to join, and consumers can earn points and discounts using any form of payment accepted by the participating brands, including cash, prepaid and any debit, charge or credit card.

Benefits for Consumers
Plenti offers multiple ways for consumers to earn points:

• Earn Plenti points when buying a tank of fuel at a participating Exxon- or Mobil-branded service station and use the points for savings toward a pair of shoes at Macy’s or macys.com.
• Earn Plenti points when signing up for qualifying wireless services at AT&T, or for eligible charges on AT&T wireless bills.
• Earn Plenti points for eligible Nationwide auto or property insurance.
• Earn Plenti points by taking advantage of special offers on a wide range of beauty, health and wellness and everyday items at Rite Aid.

Every 1,000 points will translate to at least $10 in savings, and Plenti members can earn points faster by activating special promotional offers across participating brands or through Plenti’s online offer center and online marketplace.

“This is a perfect time for a coalition loyalty program in the U.S., as online marketing becomes more efficient and American consumers become more accustomed to rewards programs, special offers and discounts,” said Ed Gilligan, president at American Express. “With American Express’ deep experience with the Membership Rewards® program and acquisition of Loyalty Partner in 2011, we are the right company to operate a loyalty program of this scale, involving such celebrated brands.”

Background on US Loyalty
US Loyalty is a division of American Express that will serve as the operator of Plenti, and will issue the rewards and oversee the centralized marketing activities for the program in collaboration with the founding companies. In addition, US Loyalty will be responsible for securely managing consumer data collected through Plenti.

In 2011, American Express acquired Loyalty Partner. The company operates three subsidiaries including: Payback, a leading multi-partner loyalty program designed to deliver value to consumers and generate additional revenue for participating companies. Today, Payback manages coalition loyalty programs in Germany, Italy, Poland, India and Mexico and has more than 60 million active customers.

Further information about the program will be available in the coming months.

Executive Quotes

American Express:
“We’re pleased to introduce the first U.S.-based coalition loyalty program, where consumers will have the flexibility and choice across seven well-known brands to earn and use points for purchasing a wide range of products,” said Abeer Bhatia, CEO of US Loyalty, American Express.

AT&T:
“One of the most important things we can do for our customers is to show that we appreciate them,” said David Christopher, chief marketing officer, AT&T Mobility. “We are excited to join Plenti as it is a unique way of saying thank you – through this program they get added value from being our customer.”

ExxonMobil:
“Plenti is an exciting opportunity for ExxonMobil to partner with numerous major brands to create a game-changing loyalty program in the U.S.,” said Matt Bergeron, vice president, marketing, ExxonMobil Fuels, Lubricants & Specialties Marketing Company. “This is the first and only program of its kind in the country and it will give consumers the opportunity to earn and redeem points on everyday spending, including fuels, convenience store and car wash purchases at participating Exxon- and Mobil-branded stations.”

Macy’s:
“Consumers today are busy and smart. They know good value, and they want to be rewarded for the dollars they spend day-in and day-out at their favorite stores,” said Martine Reardon, chief marketing officer, Macy’s. “Plenti will offer customers everyday opportunity to earn and to redeem those points with much more choice – so shoppers can choose to reward themselves on routine purchases, or they can save up points to buy great gifts or treat themselves to larger purchases. Macy’s is excited to be a part of breaking new ground for American consumers with a program that is focused on rewarding them frequently and with greater cumulative value.”

Nationwide:
“By partnering with Plenti, Nationwide will advance our members first mission that helps make membership more rewarding than ever,” said Matt Jauchius, chief marketing officer, Nationwide. “With this category-exclusive benefit, eligible Nationwide members who enroll in Plenti can now earn points just by paying for their insurance, and then use those points across a growing collection of America’s top brands. We’re excited to share this new benefit in 2015.”

Rite Aid:
“We are excited to join Plenti and add this compelling customer value proposition to our already successful wellness+ loyalty program,” said John Learish, senior vice president, marketing for Rite Aid. “Our customers told us that adding the ability to earn and use points for savings in our stores and at eligible Plenti partner locations, while saving up to 20% every day in our stores, significantly increases the appeal of our program and creates more reasons for them to shop at Rite Aid more often.”

Hulu:
“Hulu is always looking for ways to give our viewers the best possible experience,” said Tim Connolly, head of distribution and partnerships, Hulu. “The Plenti program is a tremendous opportunity to reward our viewers for their loyalty. We are excited to partner with Plenti and the partner brands to give viewers the chance to experience everyday wins, earn points and gain rewards.”

Direct Energy:
“Direct Energy is proud to be a part of this first-of-its-kind rewards program that gives credit to our customers for making everyday purchases, including simply paying their energy supply bill,” said Mike Beck, vice president and chief sales officer, Direct Energy. “We are always looking for innovative and exciting ways to bring value to Direct Energy customers, and Plenti allows customers to earn rewards easily and quickly.”

About Plenti
Plenti is a U.S. coalition loyalty program comprised of widely known companies, the first of which include: AT&T, ExxonMobil, Macy’s, Nationwide, Rite Aid, Direct Energy and Hulu. Plenti is designed to offer consumers greater choice and savings potential through a multi-category rewards platform. To receive more information, please visit: www.plenti.com.

1 Source: Ebiquity Study: Plenti Consumer Research, commissioned on behalf of American Express between November 14-17, 2014.

Contact:

Media: Susan Henderson 717-730-7766

Target Corp. launches enhanced return policy; extends the return window to one year from the date of purchase

Enhancements offer added ease and underscore retailer’s commitment to owned and exclusive brands

MINNEAPOLIS, 2015-3-19 — /EPR Retail News/ — Target Corp. (NYSE: TGT) announced today an enhanced return policy covering all of the retailer’s 32 owned and exclusive brands, which extends the return window to one year from the date of purchase. The retailer also rolled out a one-year return guarantee for guests using Target’s baby, college or wedding Gift Registry. These enhancements illustrate Target’s commitment to offering high-quality products, and are designed to simplify the shopping experience, providing an easier return process on thousands of Target exclusive items.

“At Target, we’re putting our guests first and are committed to offering a shopping experience that’s inspiring and rooted in ease,” said Kathee Tesija, chief merchandising and supply chain officer, Target. “Our enhanced return policy offers our guests convenience we think they’ll appreciate, while providing additional assurance of the quality of owned and exclusive brands found only at Target.”

Return Policy on Owned and Exclusive Brands

Effective immediately, guests can bring back owned and exclusive-brand items with their receipt to a Target store to receive a full refund within one year of the item’s purchase date. This is an adjustment from the previous 90-day limit. As an added benefit for guests who make purchases using Target’s REDcard, an additional 30 days will be provided to make returns or exchanges. Guests are guaranteed satisfaction when they purchase any of the thousands of items from the retailer’s portfolio of owned and exclusive brands, including Archer Farms, AVA & VIV, Boots & Barkley, C9 Champion, Chefmate, Cherokee, Circo, Durabuilt, Designed/Distributed by Target (Holiday, Easter, Halloween, etc. seasonal products), Embark, Fieldcrest, Gilligan & O’Malley, Kid Made Modern, Liz Lange, Merona, Mossimo, Mossimo Supply Co., Nate Berkus, ProSpirit, Pure Energy, Room Essentials, Shaun White, Simply Balanced, Smith & Hawken, Sonia Kashuk, Spritz, Sutton & Dodge, Threshold, up & up, Wine Cube, Xhilaration and Yoobi.

Return Policy on Gift Registry Items

To further simplify guests’ registry experience, Target has extended the return period for all Gift Registry items from 90 days to one year from the guest-designated event date. Guests can return most new, unopened items at any Target store using a gift receipt or their Gifts Purchased List, which can be printed in store or accessed online.

Complete details on Target’s return policy are available here.

 

About Target

Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,795 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 contact

 

Erika Winkels p: (612) 761-6729