Rite Aid Corporation to offer $1.8 billion aggregate principal amount of 6.125% senior unsecured notes due 2023 to fund its acquisition of EnvisionRx

CAMP HILL, Pa., 2015-3-20 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD) announced today the terms of an offering of $1.8 billion aggregate principal amount of 6.125% 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.

Rite Aid also announced today that the U.S. Federal Trade Commission (FTC) granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act), effective as of March 9, 2015, with respect to Rite Aid’s pending acquisition of EnvisionRx. The early termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the pending acquisition, which remains subject to regulatory approvals and other customary closing conditions. The acquisition is expected to close by September 2015.

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 offering is expected to close on April 2, 2015, subject to customary closing conditions. The offering of the Notes 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.

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Contact:

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

Media: Susan Henderson 717-730-7766

Rite Aid Corporation to release financial results for its Fiscal 2015 Fourth Quarter ended Feb. 28, 2015 on Apr. 8, 2015

CAMP HILL, Pa., 2015-3-20 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD) said today that it will release financial results for its Fiscal 2015 Fourth Quarter, which ended Feb. 28, 2015, on Wednesday, Apr. 8, 2015. The company will hold an analyst call at 8:30 a.m. Eastern Time with remarks by Rite Aid’s management team. The call will be broadcast via the Internet and can be accessed through the websites www.riteaid.com and www.StreetEvents.com.

A playback of the call will be available on the Internet at www.riteaid.com and www.StreetEvents.com starting at 12 p.m. Eastern Time Wednesday, April 8. The playback will be available on both sites until the company’s next conference call.

A playback of the call will also be available by telephone beginning at 12 p.m. Eastern Time on Apr. 8, 2015 and ending at 11:59 p.m. Eastern Time on Apr. 10, 2015. The playback number is (855) 859-2056 from within the U.S. and Canada or (404) 537-3406 from outside the U.S. and Canada with the eight-digit reservation number 11217760.

Rite Aid Corporation is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2014 annual revenues of $25.5 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

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Contact:

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

Media: Susan Henderson 717-730-7766

Whole Foods Market will open its newest Morris County location on April 22

Morristown, N.J., 2015-3-20 — /EPR Retail News/ — Whole Foods Market will open its newest Morris County location, at 110 Washington Street in Morristown, New Jersey, on Wednesday, April 22.

The grocer’s 13th New Jersey store will serve as a gathering place for local residents, providing them with an unrivaled selection of high quality natural and organic goods, as well as a variety of unique and delicious dining options.

Opening day will start with the company’s traditional bread-breaking ceremony at 9 a.m., followed by giveaways and tastings throughout the store.

For additional information and announcements about Whole Foods Market Morristown, please visit the store’s social media channels:

Facebook – facebook.com/WholeFoodMorrisNJ
Twitter +  Instagram – @WFMMorrisNJ

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Whole Foods Market will open its newest Morris County location on April 22

Whole Foods Market will open its newest Morris County location on April 22

Greenpeace names H&M as a Detox Leader when releasing its Detox Catwalk

STOCKHOLM, SWEDEN, 2015-3-20 — /EPR Retail News/ — Greenpeace names H&M as a Detox Leader when releasing its Detox Catwalk, showing how effectively major fashion brands are removing toxic chemicals from their supply chain and tackling water pollution.

Greenpeace states that “H&M’s action on toxic-free fashion puts it firmly at the head of the pack” and places H&M in the “Leaders Group”. Greenpeace also mentions that H&M is the first company to eliminate the hazardous chemicals PFCs from its products. The Detox Leaders are defined as “detox committed companies leading the industry towards a toxic-free future with credible timelines, concrete actions and on-the-ground implementation”. Read more about the Greenpeace Detox Catwalk and H&M’s work towards a toxic-free future.

GLOBAL MEDIA ENQUIRIES
Only press enquiries
Phone: +46 8 796 53 00
Email: mediarelations@hm.com

All other enquiries
H&M switchboard +46 8 796 55 00
Email info@hm.com

Head of Communications
Kristina Stenvinkel
+46 8 796 39 08

Head of Media Relations
Camilla Emilsson Falk
+46 8 796 39 95

Lowe’s Heroes employee volunteers kicked off the spring season by removing snow and brightening spirits at Boston’s Leahy-Holloran Community Center

MOORESVILLE, N.C., 2015-3-20 — /EPR Retail News/ — This winter has been one of the harshest on record, and for many communities, the first day of spring will still be covered in snow. No city has been more impacted than Boston as residents have experienced one of the snowiest winters in recorded history.

This week, Lowe’s Heroes employee volunteers kicked off the spring season by removing snow and brightening spirits at Boston’s Leahy-Holloran Community Center, where Lowe’s and Rebuilding Together installed a playground last year. Lowe’s Heroes spent Monday digging the playground out of the more than a foot of snow and ice that accumulated this winter. The team will be back in Boston to complete a spring makeover project once the ground has thawed.

Boston wasn’t the only hard-hit city, according to the Accumulated Winter Season Severity Index (AWSSI). The following cities (listed in alphabetical order) round out the 10 U.S. cities with the harshest winters: Buffalo, New York; Detroit, Michigan; Hartford, Connecticut;Louisville, Kentucky; Nashville, Tennessee; Newark, New Jersey; New York City; Portland, Maine; and Providence, Rhode Island. The winter severity index analyzes the intensity and persistence of cold weather, the frequency and amount of snow, and the amount and persistence of snow on the ground based on historical context.

“The data doesn’t lie – this has been one of the harshest winters in recent history and people are more than ready to shed the snow shovels and welcome spring,” said Steve Hilberg, senior climatologist/meteorologist for the Midwestern Regional Climate Center at the University of Illinois and a collaborator on the AWSSI.

Lowe’s volunteers will visit the “10 Bleakest Cities of 2015″ to complete makeover projects that have been neglected or delayed because of extreme winter conditions. Volunteers will complete projects such as painting, landscaping, creating outdoor rooms and adding curb appeal throughout the spring season.

Even if you don’t live in one of the hardest-hit cities, most people experienced a dull, dreary winter. According to CW Primary proprietary research, more than two-thirds of adults find projects during winter that they need to complete in their homes. In fact, 87 percent of those consumers say there are things inside of their homes that need to be fixed that bother them every time they look at them.

Get started on your to-do list now. Visit Lowes.com/DIY for inspirational and how-to content to help transform your home this spring.

About Lowe’s
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company serving approximately 16 million customers a week in the United States, Canada andMexico through its stores and online at lowes.com, lowes.ca and lowes.com.mx. With fiscal year 2014 sales of $56.2 billion, Lowe’s has 1,840 home improvement and hardware stores and more than 265,000 employees. Founded in 1946 and based in Mooresville, N.C., Lowe’s supports the communities it serves through programs that focus on K-12 public education and community improvement projects. For more information, visit Lowes.com.

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Lowe’s Heroes employee volunteers kicked off the spring season by removing snow and brightening spirits at Boston’s Leahy-Holloran Community Center

Lowe’s Heroes employee volunteers kicked off the spring season by removing snow and brightening spirits at Boston’s Leahy-Holloran Community Center

Toys“R”Us, Inc. to hold presentation for the investment community on March 24

WAYNE, NJ, 2015-3-20 — /EPR Retail News/ — Toys“R”Us, Inc. today announced that it will hold a presentation for the investment community on Tuesday, March 24 at 1:30pm ET, hosted by Antonio Urcelay, Chairman and CEO, Toys“R”Us, Inc., Hank Mullany, President, Toys“R”Us, U.S., and Mike Short, Chief Financial Officer, Toys“R”Us, Inc. During the event, executives will provide an update on the company’s “TRU Transformation” strategy, including 2014 progress and business results, as well as key priorities for 2015.

Lenders, investors and prospective investors are invited to tune in to the presentation using the following dial-in information or webcast link:

(855) 249-5632
Conference ID # 2566600
http://engage.vevent.com/rt/toysrus~3.24.15

Presentation materials will also be available on the company’s corporate website at Toysrusinc.com.

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 872 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in more than 725 international stores and over 235 licensed stores in 36 countries and jurisdictions. In addition, it exclusively operates the legendary FAO Schwarz brand and sells extraordinary toys in the brand’s flagship store on Fifth Avenue in New York City. With its strong portfolio of e-commerce sites including Toysrus.com, Babiesrus.com, eToys.com and FAO.com, it provides shoppers with a broad online selection of distinctive toy and baby products. Headquartered in Wayne, NJ, Toys“R”Us, Inc. employs approximately 70,000 associates annually worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Additional information about Toys“R”Us, Inc. can be found on Toysrusinc.com. Follow Toys“R”Us, Babies“R”Us and FAO Schwarz on Facebook at Facebook.com/Toysrus, Facebook.com/Babiesrus and Facebook.com/FAO and on Twitter at Twitter.com/Toysrus and Twitter.com/Babiesrus.

For more information please contact:

Lenders and Note Investors:
Chetan Bhandari, Senior Vice President, Corporate Finance & Treasurer at 973-617-5841 or Chetan.Bhandari@toysrus.com

Media:
Kathleen Waugh, Vice President, Corporate Communications at 973-617-5888, 646-366-8823 or waughk@toysrus.com

Toys“R”Us, Inc. names Reg McLay as Senior Vice President, Babies“R”Us Business effective March 30

WAYNE, NJ, 2015-3-20 — /EPR Retail News/ — Toys“R”Us, Inc. today announced that it has named Reg McLay as Senior Vice President, Babies“R”Us Business, effective Monday, March 30. In this role, Mr. McLay will lead the Babies“R”Us merchandising team in the U.S. in driving product innovation, as well as differentiation in services and offerings across its stores nationwide. He will report to Hank Mullany, President, Toys“R”Us, U.S.

Mr. McLay is an accomplished executive with more than 30 years of retail merchandising and operations experience. He most recently served as Senior Vice President, Merchandise Sourcing and Innovation for Canadian Tire Corporation, Limited. In this capacity, he was responsible for managing shared services capabilities across all business units and led efforts to drive a culture of innovation across the organization.

Mr. Mullany said, “We are excited to welcome Reg to the organization and look forward to the depth of broad expertise he brings to this position, as we put a renewed focus on our Babies“R”Us business and advancing our specialist position to provide new and expectant parents with a unique and expert shopping experience in-store and online.”

During his more than 20-year tenure at Canadian Tire Corporation, Limited, Mr. McLay also held a number of high-level merchandising, marketing, business development and sourcing positions. Earlier in his career, Mr. McLay served in roles of increasing responsibility in senior buying and operations at Zellers Inc. He received a bachelor’s degree in economics from Wilfrid Laurier University in Ontario, Canada.

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 872 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in more than 725 international stores and over 235 licensed stores in 36 countries and jurisdictions. In addition, it exclusively operates the legendary FAO Schwarz brand and sells extraordinary toys in the brand’s flagship store on Fifth Avenue in New York City. With its strong portfolio of e-commerce sites including Toysrus.com, Babiesrus.com, eToys.com and FAO.com, it provides shoppers with a broad online selection of distinctive toy and baby products. Headquartered in Wayne, NJ, Toys“R”Us, Inc. employs approximately 70,000 associates annually worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Additional information about Toys“R”Us, Inc. can be found on Toysrusinc.com. Follow Toys“R”Us, Babies“R”Us and FAO Schwarz on Facebook at Facebook.com/Toysrus, Facebook.com/Babiesrus and Facebook.com/FAO and on Twitter at Twitter.com/Toysrus and Twitter.com/Babiesrus.

# # #


Media Contact:
Toys“R”Us, Inc.
Alyssa Peera
973-617-5634
alyssa.peera@toysrus.com

Home Retail Group appoints Echo Lu as Managing Director for Homebase

Milton Keynes, UK, 2015-3-20 — /EPR Retail News/ — Home Retail Group has announced the appointment of Echo Lu as Managing Director for Homebase, one of the UK’s leading home enhancement retailers. Echo has significant experience in retailing both in the UK and Asia, and will take up her new position on 20th April.

Echo joins Homebase from Tesco where she worked over the past ten years across different markets and a broad range of functions.  Her most recent roles were as Group Business Planning & Insight Director and Property Director for Tesco UK & Ireland, she was also a member of the UK Board. Prior to these roles, Echo held a number of roles in Tesco’s Asian business, including Chief Operating Officer for China, Operations Director, East China, and Commercial Buying for Grocery.

Her career commenced at Bristol-Myers Squibb where she held a number of roles, culminating as HR Director for China. Echo graduated in International Economy & Finance at Fudan University.

John Walden, Home Retail Group Chief Executive, said:

“Echo has significant, broad-based retail experience both in the UK and the rapidly evolving Asian region, and importantly has been an agent for positive change throughout her career.  She is the ideal candidate to lead Homebase and its Productivity Plan, as we improve the store operational standards and customer service, develop stronger customer propositions and accelerate Homebase’s digital capabilities, and realise its potential for greater growth.”

Echo Lu said: “I am delighted to join Home Retail Group and to lead the Homebase business.  Homebase is a strong UK brand with an ambitious plan in the short-term to strengthen its foundations and exciting longer-term growth opportunities.  I look forward to working with John, his executive team, the Homebase leadership team and the 18,000 Homebase colleagues to build a stronger business for the future.”

-ENDS-

Editor’s notes:

Media contacts:
Chris Wermann, Corporate Affairs Director 07718 327 107
Rollo Head, Finsbury  020 7251 3801

Photo available at the Home Retail Group media centre. http://homeretailgroup.pressarea.com/imagelibrary 

Echo Lu: Curriculum Vitae

Tesco:  2004-2014
Group Business Planning & Insight Director
Property Director, UK & Ireland
Chief Operations Officer, China
Operations Director, East China
Chief Executive Officer Development Programme
Human Resources Director, Asia

Bristol-Myers Squibb  1997-2004
Human Resources Director, China
Other Human Resources leadership roles

Education
MS. Industrial Relations & Human Resources – West Virginia University
BA. International Economy & Finance -Fudan University

About Homebase
Homebase is a leading home enhancement retailer with around 60 million transactions a year, selling around 38,000 products for the home and garden. It has 304 large, out-of-town stores throughout the UK and Republic of Ireland and a growing internet offering at www.homebase.co.uk. In the financial year to February 2014, Homebase sales were £1.5 billion and it employed some 18,000 people across the business.

Homebase is part of Home Retail Group, the UK’s leading home and general merchandise retailer.

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Home Retail Group appoints Echo Lu as Managing Director for Homebase

Home Retail Group appoints Echo Lu as Managing Director for Homebase

The Irish Cancer Society and Home Retail Group partner to raise €150,000 by March 2017 for Daffodil Centre Nurses and Daffodil Centres throughout Ireland

Milton Keynes, UK, 2015-3-20 — /EPR Retail News/ — The Irish Cancer Society has today announced a brand new partnership with the Ireland’s leading home and general merchandise retailer, Home Retail Group, owner of Argos, Homebase and Habitat. The partnership will engage 1,600 Home Retail Group colleagues and customers across Ireland through a range of fundraising activities and events aiming to raise a total of €150,000 by March 2017.

The Irish Cancer Society was selected by Home Retail Group colleagues to be their new Irish charity partner following a staff vote, with the money raised funding the Irish Cancer Society’s Daffodil Centre Nurses and Daffodil Centres throughout Ireland.

The partnership will officially launch in all branches of Argos and Homebase across the country with Daffodil Day on March 27th. Further plans include support of the Irish Cancer Society’s national fundraising events such as the Colour Dash Run, Paint it Pink, Movember, as well as bespoke fundraising activity linked to key trading periods for the business such as the Argos Catalogue Launch.

John McCormack, Chief Executive Officer, Irish Cancer Society says: “We are delighted that Home Retail Group will be supporting and raising money for the Irish Cancer Society and, in particular, our Daffodil Centre Nurses and Daffodil Centres. Daffodil Centres bring cancer information, support and advice to the point of diagnosis and care – the hospital. This is a service not just for the patient, it is for their families and friends and anyone else with a concern or question about cancer. This new partnership with Home Retail Group will enable Daffodil Centre Nurses continue to deliver the care and support to those affected by cancer and help us open additional Daffodil Centres to reach and support even more people in Ireland.”

Andy McClelland, Operations Manager for Argos Ireland says: “I’m thrilled that Argos colleagues in Ireland have voted the Irish Cancer Society as our charity of choice over the next two years. Cancer affects so many people so we are determined to raise a substantial amount of money to fund Daffodil Centres and Daffodil Centre Nurses throughout Ireland and to make a real difference to ensure that no one has to face cancer alone. “

Marcus Mallon, Operations Manager for Homebase Ireland says: “This is a great partnership for us to be involved with and I look forward to getting involved and supporting the business and our combined 1,600 colleagues over the next two years to help us reach our ambitious target for the Irish Cancer Society.”

-ENDS-

For more information please contact:Donna Parsons, Communications Officer, Irish Cancer Society
T: 01 2310 573 E: dparsons@irishcancer.ie

Aoife Sweeney, PR & Media Relations Manager, Argos Republic of Ireland
M: 087 6670534 E: aoife.sweeney@argos.co.uk

Note to Editor:

About Irish Cancer Society
The Irish Cancer Society is Ireland’s national cancer charity. Established in 1963, the Irish Cancer Society provides information, support and care to those with, and affected by, cancer all over Ireland. Our services are professional, confidential and free of charge. We are almost entirely funded through the generosity of the public and receive less than 5% government funding.

About Home Retail Group
Home Retail Group plc, the UK’s leading home and general merchandise retailer, was launched in 2006 and comprises three of the UK’s most recognisable retail brands; Argos, Homebase and Habitat.

Our retail brands have more than 100 years of market heritage between them and are well-known and respected brands within the Republic of Ireland and UK. Argos is Ireland’s leading multi-channel retailer and Homebase is a leading home-enhancement retailer. Our exclusive Habitat brand gives our customers greater choice with premium quality and contemporary styling, as well as some best-selling iconic designs. Our Financial Services business makes it easy for our customers to buy the products they want.

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Starbucks and Tingyi Holding Corp. partner to manufacture and expand the distribution of Starbucks ready-to-drink products throughout mainland China

SEATTLE/HONG KONG, 2015-3-20 — /EPR Retail News/ — Starbucks (NASDAQ: SBUX) and Chinese leading food and beverage producer Tingyi Holding Corp. (“Tingyi”) (0322.HK) announced today they have entered into an agreement to manufacture and expand the distribution of Starbucks ready-to-drink (RTD) products throughout mainland China. According to the agreement, Starbucks will be responsible for providing coffee expertise, brand development and future product innovation, and Tingyi will manufacture and sell Starbucks RTD portfolio in China. The RTD coffee and energy category is a $6 billion business, and is projected to grow by 20% over the next three years.*

The agreement leverages the respective strengths of Starbucks and Tingyi to bring the entire Starbucks RTD portfolio to customers in China as well as the ability to innovate specifically for the China market.

China is Starbucks fastest growing market outside the U.S. with more than 1,500 stores in nearly 90 cities, and more than 25,000 partners (employees). Tingyi is a leading Chinese food and beverage producer which, after more than 20 years of development, boasts world-leading production facilities and management expertise with a broad spectrum of quality channel resources. Tingyi’s local manufacturing, sales and distribution expertise combined with Starbucks strong brand recognition and coffee expertise will unlock new market opportunities.

“We are pleased to work with Tingyi, a leader in China’s RTD beverage category, to unlock the massive ready-to-drink market and grow local demand for Starbucks,” said John Culver, group president, Starbucks Coffee China and Asia Pacific, Channel Development and Emerging Brands. “Our agreement enables us to develop new categories and occasions to delight our customers and connect people outside of our stores to Starbucks where they live, work and play.”

“The RTD market has a huge growth potential in China,” said James Wei, CEO of Tingyi Holding Corp. “The agreement with Starbucks will further expand Tingyi’s beverage product portfolio and enables us to provide consumers with more high-quality and convenient product options and experiences. As part of this cooperation, Tingyi will leverage its strength in production and distribution to increase the market share of Starbucks’ RTD products in the Chinese market.”

Today, customers in China can purchase Starbucks® Bottled Frappuccino® beverages in nearly 6,000 locations including select Starbucks retail stores, grocery and convenience stores throughout mainland China. Through this agreement, Starbucks and Tingyi plan to bring new and existing Starbucks® Bottled Frappuccino® in the marketplace during 2016, which will be followed by innovation and an increased number of locations and cities for consumers to purchase Starbucks RTD products.

*Based on 2014 Euromonitor results.

About Starbucks
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 21,000 stores around the globe, Starbucks is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit our stores or online at Starbucks.com and news.starbucks.com.

About Tingyi Holding Corp.
Tingyi Holding Corp. is China’s leading food and beverage company that specializes in the production and distribution of instant noodles, beverages and baked goods in the PRC. Tingyi started its instant noodle segment in 1992 under the brand of Master Kong, and expanded into the bakery segment and beverages in 1996. For more information, please visit www.masterkong.com.cn.

Forward-Looking Statements

Certain statements contained herein are not based on historical fact and are “forward-looking statements” within the meaning of the applicable securities laws and regulations. Generally, these statements can be identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “feel,” “forecast,” “intend,” “may,” “plan,” “potential,” “project,” “should,” “will,” “would,” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements are based on information available to Starbucks as of the date hereof, and Starbucks actual results or performance could differ materially from those stated or implied, due to risks and uncertainties associated with its business. These risks and uncertainties include: fluctuations in U.S. and international economies and currencies, our ability to preserve, grow and leverage our brands, potential negative effects of material breaches of our information technology systems if any were to occur, costs associated with, and the successful execution of, the company’s initiatives and plans, including bringing Starbucks RTD portfolio to China,  the acceptance of the company’s products by our customers, including our RTD products in China, the impact of competition, coffee, dairy and other raw material prices and availability, the effect of legal proceedings, and other risks detailed in the company filings with the Securities and Exchange Commission, including the “Risk Factors” section of Starbucks Annual Report on Form 10-K for the fiscal year ended September 28, 2014.  The company assumes no obligation to update any of these forward-looking statements.

For more information on this news release, contact us.

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Starbucks and Tingyi Holding Corp. partner to manufacture and expand the distribution of Starbucks ready-to-drink products throughout mainland China

Starbucks and Tingyi Holding Corp. partner to manufacture and expand the distribution of Starbucks ready-to-drink products throughout mainland China

Starbucks Corporation’s Board of Directors declared two-for-one stock split; trading on a split-adjusted basis begins on April 9, 2015

Infographic

SEATTLE, 2015-3-20 — /EPR Retail News/ — Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has declared a two-for-one stock split.

Shareholders of record as of March 30, 2015 will receive one additional share for each share held on the record date. The new shares will be payable on April 8, 2015. Starbucks common stock will begin trading on a split-adjusted basis on April 9, 2015. This is the sixth two-for-one split of the company’s common stock since its initial public offering in 1992; the previous stock split occurred in October 2005.

“On behalf of our board of directors, the Starbucks leadership team and the 300,000 partners who wear the Green Apron globally, I am proud to announce this two-for-one stock split, the sixth in our 23-year history as a public company,” said Howard Schultz, chairman and ceo of Starbucks Corporation. “This split is a direct reflection of the past seven years of increasing shareholder value, enhancing the liquidity of our shares, and building an attractive share price. It also takes place at a time when Starbucks shareholders are experiencing an all-time high in value as we continue to deliver world-class customer service and, in turn, record profits and revenue.”

“Adjusting for the stock split effectively has the impact of modestly increasing our earnings guidance for the second quarter and for fiscal 2015,” noted Scott Maw, chief financial officer of Starbucks Corporation.

On a split adjusted basis, the company’s previously communicated GAAP and non-GAAP earnings per share targets equate to GAAP EPS of $0.32 and a non-GAAP range of $0.32 to $0.33 for the second quarter of fiscal 2015, and a GAAP range of $1.77 to $1.79 and a non-GAAP range of $1.55 to $1.57 for the full fiscal year 2015. Due to this adjustment, the company is updating its GAAP and non-GAAP Q2 FY15 and full year FY15 EPS targets; it is neither updating nor reaffirming any other FY15 targets at this time. A reconciliation of GAAP to non-GAAP measures can be found at the end of this release.

Answers to frequently asked questions about the stock split can be found on the Investor Relations section of the company’s website at http://investor.starbucks.com.

About Starbucks
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 21,000 stores around the globe, Starbucks is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit our stores or online at Starbucks.com and news.starbucks.com.

Forward-Looking Statements

This release includes forward-looking statements regarding the liquidity of our shares, our share price, profits, revenues and projected earnings per share results.  These forward-looking statements are based on currently available operating, financial, and competitive information and are subject to various risks and uncertainties.  These statements are based upon information available to Starbucks as of the date hereof, and Starbucks actual results or performance, the liquidity of its shares or its share price could differ materially from those stated or implied due to risks and uncertainties associated with its business. These risks and uncertainties include, but are not limited to, fluctuations in U.S. and international economies and currencies, our ability to preserve, grow and leverage our brands, potential negative effects of material breaches of our information technology systems if any were to occur, costs associated with, and the successful execution of, the company’s initiatives and plans, the acceptance of the company’s products by our customers, the impact of competition, coffee, dairy and other raw material prices and availability, the effect of legal proceedings, and other risks detailed in the company filings with the Securities and Exchange Commission, including the “Risk Factors” section of the Starbucks Annual Report on Form 10-K for the fiscal year ended September 28, 2014. The company assumes no obligation to update any of these forward-looking statements.

For more information on this news release, contact us.

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Starbucks Corporation's Board of Directors declared two-for-one stock split; trading on a split-adjusted basis begins on April 9, 2015

Starbucks Corporation’s Board of Directors declared two-for-one stock split; trading on a split-adjusted basis begins on April 9, 2015

Starbucks AGM: record financial results as the company heads toward achieving a $100 billion market cap

  • Reaffirms Seven Strategies to Grow Market Cap to $100 Billion
  • Previews New Delivery Options through “Green Apron” Delivery Service to Debut in New York City; Announces Third-Party Delivery Through Agreement with Postmates
  • Continues to Double Down on Investments in its People, Including $233 Million in Healthcare Benefits and $210 Million in Bean Stock in FY14
  • Announces Commitment to Hire 10,000 Opportunity Youth in the Next Three Years; Reaffirms its Commitment to Hire 10,000 Veterans and Active Duty Military Spouses Over the Next Five Years; Aims to Graduate 25,000 U.S. partners by 2025 Through the Starbucks College Achievement Plan

SEATTLE, 2015-3-20 — /EPR Retail News/ — Starbucks Corporation (NASDAQ: SBUX) today kicked off its 23rd Annual Meeting of Shareholders, with more than 2,800 partners, shareholders, invited guests and board members in attendance. Together with the Starbucks leadership team, Howard Schultz, chairman and ceo of Starbucks, will honor the accomplishments of the company over the past year of delivering record financial results as the company heads toward achieving a $100 billion market cap.

“When I look back at the last 23 years of our public life or Starbucks 44-year history, so much of our success is deeply rooted in the values, culture and guiding principles of who we are, who we’ve been and who we are striving to be as a company,” said Howard Schultz, chairman and ceo of Starbucks Corporation. “The long history of Starbucks is steeped in trying to build a different type of business proposition from Day One: one that achieves the balance between profitability and a social conscience. And to continually ask ourselves what it takes to build a great enduring company. Even as our share price hits new all-time highs, we have never lost sight of this vision, and our goal of bringing our people along with us on the journey and sharing our success.”

FY14 Financial Highlights/ Achievements
Starbucks has reported record revenues of $16.4 billion (11 percent growth) and record non-GAAP earnings per share of $2.661 (21 percent growth on a non-GAAP basis1) in fiscal 2014; $3.1 billion in non-GAAP operating income2 (25 percent growth on a non-GAAP basis2) in fiscal 2014 ; and $1.6 billion returned to shareholders in the form of dividends and share repurchases. Starbucks also invested $233 million in healthcare benefits and $210 million in Bean Stock in FY14.

New Game-Changing Advances in Digital Customer Experience
As Starbucks continues to find opportunities to meet customers where they are in their day while providing both convenience and brand engagement, the company will elaborate on plans to roll out Mobile Order & Pay. A mobile ordering feature integrated into Starbucks world-class mobile app and My Starbucks Rewards loyalty program, Mobile Order & Pay officially launched in the Pacific Northwest this week and Starbucks remains on track for a full national roll-out in 2015. This expansion will also lay the groundwork for Starbucks to begin testing various food and beverage delivery options in the coming year.

In an effort to integrate service solutions that meet the “on demand” customer, Starbucks will unveil two complementary delivery models including:

  • A strategic collaboration with Postmates, a leading on-demand delivery service, which will allow customers to order their food and beverage items via the Starbucks® mobile app and receive on-demand delivery within defined areas. This rapidly growing organization – operating in 22 markets with more than 1.5 million deliveries to date – brings robust logistics technology, courier-enabled delivery and quality of service expertise. This Starbucks delivery pilot will begin in Seattle in the second half of 2015.
  • A “Green Apron” barista delivery option enabling customers within specified office-buildings to order food and beverages for convenient delivery by Starbucks baristas. Supported by its world class real-estate capabilities, this model allows Starbucks to identify targeted solutions for environments that can benefit from an integrated service model. This Starbucks delivery test will begin in New York the second half of 2015.

Starbucks has the unique ability to leverage its store platforms, suite of digital offerings and mobile commerce innovation to provide delivery options as a natural extension of the Starbucks Experience.

Leading Innovation in Coffee and Tea, From Bean to Cup
Starbucks will outline its plans to continue to build its leadership position in coffee including the sourcing, roasting, brewing and serving of its handcrafted beverages. In addition to providing its customers with a portfolio of products that reflect its core espresso craft like the Flat White, the company remains committed to expanding its line of super-premium, small lot Starbucks Reserve® coffee. Starbucks plans to open its next Roastery location in Asia in 2016 and is actively looking for real estate for its second Roastery in the United States. Additionally, Starbucks will announce its achievement of ethically sourcing 99 percent of its coffee in FY15 supported by its 15 year relationship with Conservation International.

In addition to coffee, Starbucks will unveil its strategy to grow and develop the Teavana® brand and will announce plans to offer Teavana teas in Starbucks stores in China/Asia Pacific in 2016. Teavana Shaken Iced Teas, Teavana Oprah Chai and Teavana hot brewed teas in Starbucks stores have already shown strong revenue contribution, and tea remains the fastest growing beverage category within Starbucks North America business.

Creating a Pathway for Opportunity by Building a Purpose-Driven Workforce
Starbucks will also outline its commitment to attracting and retaining people who share in the company’s mission to nurture and inspire the human spirit, by investing in partners who will deliver a superior customer experience.

As part of this, Starbucks has committed to hiring 10,000 veterans and military spouses and today will announce that it has already placed more than 3,300 in jobs to leverage their leadership and dedication to operational excellence. Starbucks will also outline its opportunity to address unemployment in young people by committing to hire at least 10,000 over the next three years where Starbucks will focus on creating new career opportunities for young adults. And, Starbucks will today outline its ambitious plans to have at least 25,000 college graduates by 2025 through the Starbucks College Achievement Plan program, and announced that nearly 2,000 partners have already enrolled in the program. The company’s hope is that a large number of these graduates will be “Opportunity Youth:” young people between the ages of 16-24 who are not enrolled in school or are out of the workforce.

Meaningful employment and a top-notch education is the foundation through which Starbucks can help create a sustainable future for its partners whether they build on a rewarding career with Starbucks or if their aspirations take them on a different journey.

A Conversation About Race Relations in America
In the second half of the Annual Meeting of Shareholders, Schultz plans to address the subject of race relations in America and unconscious bias through a personal reflection of his time spent with more than 2,000 partners during Partner Open Forums in Seattle, St. Louis, Oakland, New York, Los Angeles, and Chicago. Schultz plans to announce that Starbucks and USA TODAY will jointly publish national inserts called “Race Together,” and launch a digital hub atracetogether.usatoday.com, which will all serve as learning tools and conversation starters for Starbucks customers, partners and the nation to encourage a greater understanding, empathy, and compassion toward one another. More than 2 million of these inserts will be available across the country in USA TODAY newspapers, and special standalone “Race Together” inserts will also be available in Starbucks® company-operated stores beginning on Friday, March 20.

Joining Schultz on stage will be Starbucks board member Mellody Hobson, who will deliver her acclaimed speech, entitled “Color Blind or Color Brave.” This is expected to be one of the signature moments of the meeting, and will demonstrate the commitment the company has to equal and respectful opportunity for all.

“Doing what is right for society and what is right for business cannot be mutually exclusive endeavors. Today more than ever, companies such as Starbucks must use their resources to create opportunities for their people as well as for the communities they serve,” said Schultz. “Last year on this very stage, I posed the question: ‘What is the role and responsibility of a for-profit, public company in today’s society?’ This year, I hope that we have answered that question and showcased how Starbucks can truly use our scale for good and play a role in changing the narrative and national conversation to create opportunities for all.”

About Starbucks
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup.

To share in the experience, please visit us in our stores or online at www.starbucks.com and find images, b-roll and a LIVE blog of the Annual Meeting of Shareholders at http://news.starbucks.com

Forward-Looking Statements

Certain statements contained herein are not based on historical fact and are “forward-looking statements” within the meaning of the applicable securities laws and regulations. Generally, these statements can be identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “feel,” “forecast,” “intend,” “may,” “plan,” “potential,” “project,” “should,” “will,” “would,” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements are based on information available to Starbucks as of the date hereof, and Starbucks actual results or performance could differ materially from those stated or implied, due to risks and uncertainties associated with its business. These risks and uncertainties include: fluctuations in U.S. and international economies and currencies, our ability to preserve, grow and leverage our brands, potential negative effects of material breaches of our information technology systems if any were to occur, costs associated with, and the successful execution of, the company’s initiatives and plans, the acceptance of the company’s products by our customers, the impact of competition, coffee, dairy and other raw material prices and availability, the effect of legal proceedings, and other risks detailed in the company filings with the Securities and Exchange Commission, including the “Risk Factors” section of Starbucks Annual Report on Form 10-K for the fiscal year ended September 28, 2014. The company assumes no obligation to update any of these forward-looking statements.

¹ Non-GAAP. FY14 GAAP EPS of $2.71 includes a $0.02 per share litigation credit related to the arbitration with Kraft Foods Global, Inc. and a $0.03 net benefit from transactions in Q4 FY14. The net benefit from transactions in Q4 FY14 relates primarily to a $0.05 gain on the sale of our Malaysia equity method investment, partially offset by a loss on the sale of our Australia retail operations and transaction costs incurred in Q4 FY14 related to the planned acquisition of Starbucks Japan. The FY14 EPS growth rate is calculated over FY13 non-GAAP EPS of $2.19. FY13 GAAP EPS of $0.01 includes a $2.25 per share litigation charge resulting from the conclusion of the arbitration with Kraft Foods Global, Inc., a $0.03 gain on sale of our Mexico joint venture and a $0.03 gain on sale of our Chile and Argentina joint ventures.

² Non-GAAP. FY14 GAAP operating income of $3,081.1 million includes a pre-tax credit of $20.2 million related to the arbitration with Kraft Foods Global, Inc. and $2.4 million of costs from transactions in Q4 FY14. The FY14 operating income growth rate is calculated over FY13 non-GAAP operating income of $2,458.7. FY13 GAAP operating loss of $325.4 million includes a pre-tax charge of $2,784.1 million resulting from the conclusion of the arbitration with Kraft Foods Global, Inc.

For more information on this news release, contact us.

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Starbucks AGM: record financial results as the company heads toward achieving a $100 billion market cap

Starbucks AGM: record financial results as the company heads toward achieving a $100 billion market cap

Tesco introduces Indo-Chinese food to its stores

Cheshunt, England, 2015-3-20 — /EPR Retail News/ — It’s all the rage in the Indian sub-continent and since arriving in Britain a few years ago this cult cuisine has inspired a growing number of adventurous upmarket restaurants across the UK.

Now Indo-Chinese food is to launch in UK supermarkets for the first time when Tesco introduces the cuisine to its stores this week.

The fusion cuisine blends meat and vegetarian dishes with spices and seasonings commonly used in both food cultures such as cumin, coriander, turmeric, hot chilli, ginger, garlic.

The most famous Indo-Chinese dish is Chicken Manchurian which features chicken dumplings in a savoury soya and ginger sauce, with mixed vegetable fried basmati rice.

Tesco world foods buyer manager Matt Clarke explains: “Indian and Chinese are Britain’s two favourite cuisines so diners get the best of both worlds with this delicious fusion.

“Indo-Chinese food is a gourmet’s dream and offers a mouth-watering explosion of flavours. We believe it could be the next big food trend to hit the high street.

“We’ve selected the most popular Indo-Chinese prepared dishes including Chicken Manchurian plus soups, seasonings and sauces to introduce the cuisine to our customers.”

The cuisine was introduced to India by the Hakka migrants in Kolkata (formerly Calcutta) more than 200 years ago.

When they realised that many of the ingredients used in original Chinese dishes were rarely available in India, they looked to find the closest alternatives such as Szechuan peppers being substituted by Coriander.

The cuisine was further developed by the Ghurkhas, who then took it from Kolkata to places like Gujarat, Mumbai, northern India and abroad to Kenya and Uganda as they sought work as cooks or chefs.

Indo-Chinese food is popular at roadside food stalls known as ‘thella wala’ or ‘laaris’ in India.

Matt Clarke added: “Globally there is a growing trend for fusion food and particularly cuisines like Indo-Chinese, Euro-Japanese, Spanish-Mexican, just to name a few.

“This is just the start and if the launch is a success we plan to widen the range later this year.”

For more information please contact the Tesco Press Office on
01992 644645

We are a team of over 500,000 people in 12 markets dedicated to providing the most compelling offer to our customers.

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Tesco introduces Indo-Chinese food to its stores

Tesco introduces Indo-Chinese food to its stores