British Land completed £733 million property exchange transaction with Tesco

LONDON, 2015-3-23 — /EPR Retail News/ — British Land announces it has completed a £733 million property exchange transaction with Tesco.  Under the terms of the transaction, British Land has sold its 50% interest in a joint venture portfolio of 21 stand-alone foodstores to Tesco and acquired Tesco’s 50% interest in two joint venture portfolios predominately comprising Tesco-anchored shopping centres and retail parks.

The transaction is in line with our strategy to evolve our retail portfolio. It further reduces our foodstore weighting and increases our exposure to multi-let retail parks and shopping centres.  Our full ownership of these assets will provide significant potential to add further value through asset management and development.

Charles Maudsley, Head of Retail & Leisure, British Land, said: “This mutually beneficial transaction clearly demonstrates the great relationship we enjoy with Tesco. It plays to our strengths of managing multi-let assets and gives Tesco more control of their stand-alone portfolio. We see significant opportunity to add value and drive returns through asset management and development.”

Key transaction terms

  • Sale of 50% stake in the Tesco Aqua Limited Partnership (“Aqua”) comprising 21 stand-alone foodstores; portfolio value £352 million (50% share); weighted average lease length of 13.3 years; NIY 4.8%
  • Acquisition of 50% stakes in Tesco BL Holdings Limited (“TBLH”) and The Tesco British Land Property Partnership (“TBLPP”) comprising 3 retail parks and 3 shopping centres, all anchored by Tesco stores, and 3 stand-alone foodstores; combined portfolio value £381 million (50% share); weighted average lease length of 11.4 years; topped up NIY 5.2%
  • British Land will make a net cash payment of £96 million to Tesco reflecting the difference in net asset value (including mark to market on debt) for Aqua (£81 million) and the combined TBLH and TBLPP joint ventures (£177 million).

In line with strategy to evolve the Retail portfolio

  • Stand-alone foodstore weighting reduced from 10% of portfolio to 8%
  • Increases focus on multi-let assets; number of stand-alone foodstores reduced from 79 to 58
  • Reduces the number of British Land joint ventures by 3 and the number of assets held in joint ventures by 30

Opportunity to drive returns through asset management and development

  • Taking full ownership of 660,000 sq ft of retail parks and 730,000 sq ft of shopping centres
  • Potential to enhance returns through asset management notably at Serpentine Green, Peterborough, Beaumont Leys, Leicester and the Kingston Centre, Milton Keynes

Asset swaps in line with valuation and accretive to earnings

  • Property asset swaps in line with latest reported valuations
  • Transaction accretive to earnings
  • Group weighted average interest rate reduced by 15 basis points

Financial effects

Overall, the transaction is accretive to earnings in 2016 reflecting a £2 million increase in net rent and an £8 million reduction in net interest.

The assets acquired within the TBLH and TBLPP joint ventures generate annual accounting net rental income of £20 million. The assets sold within the Aqua joint venture generate £18 million.

The acquired debt held within the TBLH and TBLPP joint ventures currently bears interest of £5 million per annum. The Aqua disposal saves £14 million of interest per annum and including the £96m of net cash payable to Tesco the interest saving is £8m per annum.  The net cash payable will be funded from existing resources.

The Group’s proportionally consolidated weighted average interest rate is reduced by 15 basis points. The proportionately consolidated weighted average debt maturity is unchanged at 8.9 years. The transaction increases LTV by 0.4%.

Net asset value per share is reduced by 3 pence per share principally due to the impact of mark to market on the debt.

Overview of Assets in Swap Arrangement

Acquisition of 50% share of TBLH and TBLPP

3 Shopping Centres:

  • Serpentine Green, Peterborough. 320,000 sq ft shopping centre anchored by 140,000 sq ft Tesco with a strong fashion line-up including Arcadia, Next, River Island & H&M. Potential for expansion of retail offering through development.
  • Beaumont Leys, Leicester. 310,000 sq ft shopping centre anchored by an 150,000 sq ft Tesco.
  • Lisnagelvin, Londonderry. 100,000 sq ft scheme anchored by a 60,000 sq ft Tesco and a 25,000 sq ft Primark.

3 Retail Parks:

  • Kingston Centre, Milton Keynes. A 270,000 sq ft open A1 retail park anchored by a 140,000 sq ft Tesco and including Next, Marks & Spencer, Boots & Mothercare
  • Clifton Moor, York. A 240,000 sq ft mix of open A1 and bulky planning consents anchored by a 120,000 sq ft Tesco. Recently completed terrace let to DFS, Wren, Oak Furnitureland and Harveys.
  • Woodfields Retail Park, Bury.  A 150,000 sq ft retail park anchored by an 85,000 sq ft Tesco and including Next and Boots

3 Stand-alone foodstores (on open market rent reviews):

  • Bursledon, Southampton. A 120,000 sq ft store, affluent catchment and lease recently re-geared to 15 years.
  • Grove Green, Maidstone. A 60,000 sq ft store with 5 unit shops and an affluent demographic
  • Bromley by Bow, London. A 70,000 sq ft store

Sale of 50% Share of Aqua:

  • A portfolio of 21 geographically diverse stand-alone foodstores (c.25% South).
  • All leases have 13.3 years unexpired term and are subject to annual RPI increases

Note: Property data as at 30 September 2014, updated for sales and purchases to 31 December 2014

Enquiries:
Investor Relations
Sally Jones, British Land 020 7467 2942
Media
Pip Wood, British Land 020 7467 2838
Gordon Simpson, Finsbury Group 020 7251 3801

Notes to Editors

About British Land
We are one of Europe’s largest publicly listed real estate companies. We own, manage, develop and finance a portfolio of high quality commercial property, focused on retail locations around the UK and London Offices & Residential. We have total assets in the UK, owned or managed of £19.0 billion (British Land share of which is £12.8 billion), as valued at 30 September 2014. Our properties are home to over 1,000 different organisations and receive over 340 million visits each year. Our objective is to deliver long-term and sustainable total returns to our shareholders and we do this by focusing on Places People Prefer. People have a choice where they work, shop and live and we aim to create outstanding places which make a positive difference to people’s everyday lives. Our customer orientation enables us to develop a deep understanding of the people who use our places. We employ a lean team of experts, who have the skills to translate this understanding into creating the right places, and we have an efficient capital structure which is able to effectively finance these places.

UK Retail assets account for 54% of our portfolio. As the UK’s largest listed owner and manager of retail space, our portfolio is well matched to the different ways people shop today, from major regional shopping centres to single occupier locations. We are focused on being the destination of choice for retailers and their customers by being the best provider of spaces and services. Comprising around 25 million sq ft of retail space across retail parks, superstores, shopping centres, department stores and leisure assets, the retail portfolio is modern, flexible and adaptable to a wide range of formats.

Our Office and Residential portfolio, which accounts for 46% of our portfolio is focused on London.  We have an attractive mix of high quality buildings in well managed environments and a pipeline of development projects which will add significantly to our portfolio. Increasingly, our offices are in mixed-use environments which include retail and residential elements. Our 7.9 million sq ft of high quality office space includes Regent’s Place and Paddington Central in the West End and Broadgate, the premier city office campus (50% share).

Our size and substance demands a responsible approach to business. We believe leadership on issues such as sustainability helps drive our performance and is core to the delivery of our overall objective of driving shareholder value and creating Places People Prefer. Further details can be found on the British Land website at www.britishland.com

Morrisons to stop infrared sensors Intelligent Queue Management systems that determine how many customers are flowing through the store

Morrisons is to stop using the Intelligent Queue Management (iQM) system in stores from today (Monday 23rd March 2015).

Bradford, England, 2015-3-23 — /EPR Retail News/ — The system was used to determine how many checkouts to keep open at Morrisons supermarkets using infrared sensors that determine how many customers are flowing through the store.

Now checkout teams will be asked to use their eye and experience to meet their customer needs.

This response comes after Morrisons’ retail team and David Potts listened to colleagues and customers to understand how to make the checkout experience better for customers and for staff.

They concluded that Morrisons’ checkout teams would make better and more balanced decisions compared to the iQM computer system.

Morrisons is also to stop using ‘scan rate’ which measures checkout colleagues’ performance by calculating how many products they scan per minute.

Instead colleagues will be mainly measured on their level of personal service and teamwork.

David Potts said: “We intend to be an organisation that listens very hard to its customers and staff and, wherever possible, responds quickly. Our colleagues in our stores are best placed to use their experience and personal judgement in deciding how best to serve their customers, keeping queues low at the checkouts and improving the customer’s shopping trip.”

Media contact

For all media enquiries call0845 611 5111Available 24 hours

CBRE Group named to the Companies That Care Honor Roll for the eighth consecutive year

National Award Recognizes Commitment to Employees, Families and Communities

Los Angeles, 2015-3-23 — /EPR Retail News/ — CBRE Group, Inc. today announced it has been named to the Companies That Care Honor Roll for the eighth consecutive year. Companies on the 2015 Honor Roll have demonstrated socially responsible workplace practices and active community involvement, as determined by Center for Companies That Care, a national, not-for-profit organization dedicated to enhancing the well-being of employees, families and communities. CBRE is the only commercial real estate services firm on the list.

“We applaud the Honor Roll employers – such as CBRE – for consistently considering the possible human toll when making business decisions and sustaining individuals, families, and communities.  Preparing employees for career fulfillment with on-the-job learning, tuition reimbursement, and online courses; recognizing employees’ contributions; encouraging healthy lifestyles by offering wellness and financial literacy programs; and encouraging volunteerism are all examples of what these stellar employers do every day,” said Marci Koblenz, Co-founder and President of Center for Companies That Care.

Honor Roll employers are selected for their adherence to all 10 Characteristics of socially responsible employers. CBRE, like the other companies named to the list, excels in the 10 Characteristics inherent to a “Company That Cares,” which include: sustaining a work environment founded on dignity and respect for all employees; developing great leaders, at all levels; establishing standards for ethical behavior and integrity; and getting involved in community endeavors and/or public policy.

“It is a great honor to be listed on our eighth consecutive Companies that Care Honor Roll,” said Joe Hudson, Senior Vice President, Americas HR. “CBRE is proud to be recognized as a company that demonstrates commitment to creating a workplace that truly supports our employees.”

Each March, the Honor Roll is announced in conjunction with the launch of CAREDAYS, an annual month-long, national initiative to address a significant societal issue. CAREDAYS: Terrific Tales supports childhood literacy by increasing children’s easy access to engaging books. Individuals and organizations are encouraged to either donate books or raise funds to purchase books for 1000 under-resources classrooms. Any donation resulting in children reading fluently by third grade will change lives and those of future generations.

About Center for Companies That Care
Center for Companies That Care is a national, not-for-profit organization dedicated to enhancing the well-being of employees, families and communities by encouraging employers to integrate the 10 Characteristics of Socially Responsible Employers into their daily business practices. For more about Center for Companies That Care, the Honor Roll, CAREDAYS: Terrific Tales, or any of the not-for-profit’s initiatives, visit www.companies-that-care.org or call 312.661.1010.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue).  The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.​​​

For Further Information

Steve Iaco
T +1 212 9846535
email

Robert Mcgrath
T +1 212 9848267
email

Chris Tucker’s first full length stand-up comedy special, Chris Tucker Live, to premiere exclusively on Netflix on July 10

Chris Tucker Live To Debut Exclusively on Netflix on July 10

Beverly Hills, Calif., 2015-3-23 — /EPR Retail News/ — Actor and comedian Chris Tucker will headline his first full length stand-up comedy special, Chris Tucker Live, premiering exclusively on Netflix on Friday, July 10. Tucker’s stand-up comedy performance will be available to stream in all territories where Netflix is available.

In the special, Chris Tucker returns to the stage he loves and showcases his mind-blowing comedic chops, from his pitch perfect impersonations to his singular on-stage physicality, as he shares his experiences from childhood to the big time. The special was filmed at the Historic Fox Theatre in Tucker’s hometown of Atlanta, Georgia.

“Chris Tucker is a true global movie star and a one-of-a-kind talent whose remarkable energy, delivery and original style make him one of the funniest comedians of our time,” said Ted Sarandos, Netflix Chief Content Officer. “We cannot wait to share his distinct and hilarious voice with our members across the globe.”

“I’m thrilled to be partnering with Netflix, one of the true global leaders in entertainment, on my first comedy special,” said Chris Tucker. “Before people started seeing me in movies, I was doing standup. It’s always been a part of me, and now I’m excited to share it with my fans around the world.”

Chris Tucker Live marks the first project that Tucker has starred in and produced through his own company, Chris Tucker Entertainment, bringing on board Phil Joanou to direct.

Chris Tucker is an international award-winning actor and comedian best known for playing the role of Detective James Carter in the Rush Hour film series. He became a favorite on Russell Simmons’ HBO Def Comedy Jam in the 1990s and came to prominence in his first starring role, the 1995 film cult classic Friday starring opposite Ice Cube. In 1997, Tucker was an executive producer and starred in the hit movie, Money Talks with Charlie Sheen.

Chris Tucker co-starred in the 2013 Oscar®- nominated film Silver Linings Playbook with Robert DeNiro, Jennifer Lawrence and Bradley Cooper. To date, Tucker has starred in films that have collectively grossed over one billion dollars in box office sales worldwide. Tucker, who is currently on his successful 2015 U.S. comedy tour, has received rave reviews from all over the world, including Asia, the United Kingdom, Australia and the Middle East. Outside of comedy, Tucker is a dedicated humanitarian, spending much of his spare time traveling around the world, doing philanthropic work to make a difference through the Chris Tucker Foundation. www.christucker.com

Follow @netflix and Chris Tucker on Twitter (@realctucker) and Instagram (@realctucker).

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

Media Contact:
Don Halcombe
Netflix
dhalcombe@netflix.com
310-975-8931 phone

Priscilla Clarke
Clarke PR for Chris Tucker
priscilla@clarkepr.com
202-723-2200 – phone

Starbucks focuses on what it means to be a corporate citizen in the 21st century in its 2014 Global Responsibility Report

What is the role and responsibility of a for-profit, public company?

SEATTLE, 2015-3-23 — /EPR Retail News/ — In its 14th consecutive year of issuing a Global Responsibility Report, Starbucks offers its perspective on what it means to be a corporate citizen in the 21st century and openly shares its progress and challenges.

“I strongly believe that today, more than ever, companies such as Starbucks must use their platforms and resources to create opportunities for their people, as well as for the communities they serve,” said Starbucks chairman and chief executive officer Howard Schultz, in the report’s letter to stakeholders,

In Starbucks newly-released 2014 report, the company announces significant milestones against its 2015 goals: approaching 100% ethically sourced coffee; nearing its 25% water conservation goal; and surpassing 500 LEED-certified stores in 19countries around the world.

Starbucks also updates its progress toward hiring 10,000 veterans and military spouses, creating opportunities for young people, and engaging Starbucks customers and partners (employees) in community service.

“By committing to truly aspirational and global goals, listening to our partners and customers, collaborating with innovative leaders, and candidly reporting on our combined efforts, we hope to inspire others to help redefine the role and responsibility of a public company as well,” said John Kelly, Starbucks senior vice president of Global Responsibility and Public Policy.

As Starbucks closes in on its goals for 2015, leaders share progress and challenges as they begin to create new goals for 2020.  Starbucks is also inviting the world to collaborate on its ambitious efforts through Starbucks.com/responsibility, with an emphasis on building a future with farmers, pioneering green retail at a global scale, and creating real pathways to opportunity for young people.

“With our legacy of sustainable practices and a workforce of more than 300,000 people in 21,000 stores in 66 countries, visited by 75 million customers weekly, we have a unique opportunity to listen, learn, innovate, and take meaningful action to use our scale for good,” said Kelly.

Click here for Starbucks 2014 Global Responsibility Report

Starbucks 2014 Global Responsibility Report

Starbucks Commitment to 100% Ethically-Sourced Coffee 

For 15 years, Starbucks has worked with Conservation International to create a new way to buy coffee – one that’s better for farmers, the planet, and coffee lovers everywhere.

For more information on this news release, contact the Starbucks Newsroom.

Tesco regains sole ownership of 21 superstores in a transaction with British Land

Cheshunt, England, 2015-3-23 — /EPR Retail News/ — Tesco has regained sole ownership of 21 superstores in a transaction with British Land.  The agreement comes as Tesco continues to strengthen its core UK business.

The 21 superstores and associated debt were part of a joint venture between Tesco and British Land and were all subject to RPI-indexed rent increases.

In exchange for the superstores, British Land will take over Tesco’s stake in three shopping centres, three retail parks and three standalone stores which are held in two joint ventures between the two companies.  Tesco will continue to lease the stores at these sites at market rents which are not subject to RPI-indexed increases.

As part of the transaction, Tesco will also receive £96m from British Land.

Dave Lewis, Tesco CEO, said:

“Last year we identified the opportunity to increase the proportion of our stores we own as freehold. This transaction with British Land allows us to increase our ownership and thereby insulate more of our businesses from indexed rent reviews. We have a long way to go but it’s a transaction which takes us in the right direction. This agreement makes our business simpler and stronger.”

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.

Tesco’s new sales data shows that Brits are becoming more adventurous in their taste for fish

Brits are becoming more adventurous in their taste for fish, latest stats can reveal.

Cheshunt, England, 2015-3-23 — /EPR Retail News/ — Many Brits supposedly lack confidence  when it comes to preparing and eating fish, with a recent industry survey finding that more than half (56 per cent) of adults don’t consume the recommended weekly amount of seafood.

But now new sales data from Tesco shows that shoppers are starting to become more confident when choosing to cook at home.

In the last year, Tesco has seen the following significant demand for fish – all of which have been responsibly sourced:

  • Raw tiger prawns–  demand up 1100 per cent in the last year
  • Oysters – up 240 per cent
  • Large crab – up 110 per cent
  • Whole turbot –  up 100 per cent
  • Whole hake – up 65 per cent
  • Smoked haddock loin – up 50 per cent
  • Sea bream fillets – up 45 per cent
  • Prepared squid – up 40 per cent
  • Lobster – up 30 per cent
  • Whole lemon sole – up 30 per cent
  • Whole sea bream – up 25 per cent
  • Whole mackerel – up 25 per cent
  • Brill – up 15 per cent

In the past, consumers are said to have been put off by bones or the cost of fish.

In recent years however the range has grown at supermarkets and counter staff are able to prepare fish so it’s ready to cook, which takes the stress out of preparation at home.

Tesco fishmongers are also trained to give cooking advice over the counter, which encourages customers to try something new.

Tesco seafood specialist Gary Hooper, who is also a director of the National Federation of Fishmongers said: “It’s well known in the seafood industry that many Brits lack confidence when it comes to fish, believing it to be hard to prepare, tricky to eat, perishable and also expensive.

“What we do through our training scheme for fish counters staff is help eradicate that fear and make shoppers feel more confident when it comes to choosing their fish.

“The rise in demand for more uncommon species such as turbot, sea bream, squid and brill shows that shoppers are becoming much more adventurous in trying new types of fish.

Seafish Chief Executive Paul Williams said: “With the increasing popularity in cookery and food programmes and just general awareness of the sustainability of the fish in our seas, we are seeing much more interest from consumers in trying new types of seafood.

“People are starting to realise they don’t need to stick to the usual suspects such as cod, salmon, tuna or prawns because there is a much bigger choice of species that they can experiment with. .

“Whilst as a nation we will always love our traditional fish and chips or fish pie, there is a growing sense of adventure when it comes to enjoying seafood today suggesting people are letting go of their fears of preparing and cooking seafood.”

ENDS

Note to editors:

*The survey by industry body Seafish polled more than 2000 UK adults aged 18 plus.

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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Carrefour Brazil launches the Instituto! a non-profit making corporate philanthropy body to serve the general public interest

Boulogne-Billancourt, France, 2015-3-23 — /EPR Retail News/ — Carrefour Brazil launches the Instituto! The Instituto Carrefour is set up as a non-profit making corporate philanthropy body and exists to serve the general public interest. Promoting diversity by working in three different areas: raising people’s awareness of Human Rights, facilitating the professional integration of people who require assistance and promoting self-entrepreneurship through microloans.

The Instituto Carrefour devises initiatives designed to help reduce social inequality in Brazil. One of its tasks will be to promote dialogue among the structures that represent various sections of the general public, thereby helping them to gain a foothold on the job market. The organisation will also help set up tripartite partnerships between NGOs, companies and public authorities so as to support social projects to tackle discrimination.

A call for people to initiate projects to promote diversity

A call for projects funded by the Carrefour Foundation with the help of a €100,000 grant will be issued at the “Diversidae e Inclusão” Forum. Its aim is to find high-quality people to promote initiatives who, having won, will then be able to get support from the Instituto Carrefour.

To apply, the projects selected must be about food, an area in which the Carrefour Foundation operates, they must be aimed at people suffering from exclusion, they must be located near Carrefour stores and they must have a positive impact at either regional or national level.

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Carrefour Brazil launches the Instituto! a non-profit making corporate philanthropy body to serve the general public interest

Carrefour Brazil launches the Instituto! a non-profit making corporate philanthropy body to serve the general public interest

The Defense Commissary Agency presented its 2014 Equal Employment Opportunity Awards

FORT LEE, Va., 2015-3-23 — /EPR Retail News/ — The Defense Commissary Agency presented its 2014 Equal Employment Opportunity Awards March 3.

“As an agency we are dedicated to promoting fairness, objectivity and equality within DeCA’s workforce,” said DeCA Director and CEO Joseph H. Jeu. “Our award winners personify our commitment to equal employment opportunity.”

Leader of the Year: Gabriel Lugo, commissary officer, Pensacola Commissary, Florida. Lugo’s leadership nurtured a diverse workforce of 83 percent minorities and women, representing more than 37 percent of supervisory and work leader positions, far surpassing population equity. He also hired eight employees with targeted disabilities, with exceptional success.

Employee of the Year: L.C. Williams, sales store checker, Fort Hood II Commissary, Texas. Williams serves as a liaison between DeCA and the Fort Hood Equal Employment Opportunity Office, working to resolve disputes and complaints. He remains active in community outreach, representing the store at newcomers’ events, post-wide holiday charity projects and special observance programs.

Organization of the Year: Central Area, Zone 4, Eglin Commissary, Florida. Led by Zone Manager Monique Mullin-Mings, this zone championed awareness and total team involvement in the agency’s equal employment opportunity objectives, including employment of individuals with targeted disabilities and promoting opportunities for employees by focusing on merit, diversity and inclusion.

Disabled Employee of the Year, announced in June 2014: Jenobia Pitts, Patrick Commissary, Florida. Pitts, diagnosed at age 2 with cerebral palsy, decided early on never to let her disability interfere with experiencing life to its fullest, and she recently finished her master’s degree in business.

“[Ms. Pitts’] dedication … and true compassion for others has fostered an atmosphere of mutual cooperation … throughout the surrounding military community,” read her nomination package. Pitts represented DeCA for the Department of Defense Disabled Employee of the Year ceremony in the Pentagon in October 2014. She was one of 19 government civilians and military members recognized during the event.

Also, during October, National Disability Employment Awareness Month, DeCA was one of six organizations honored by the state of Virginia as a champion in disability employment.

NOTE: To see photos of DeCA’s EEO Award recipients, go to our Flickr page.

About DeCA: The Defense Commissary Agency operates a worldwide chain of commissaries providing groceries to military personnel, retirees and their families in a safe and secure shopping environment. Authorized patrons purchase items at cost plus a 5-percent surcharge, which covers the costs of building new commissaries and modernizing existing ones. Shoppers save an average of more than 30 percent on their purchases compared to commercial prices – savings amounting to thousands of dollars annually. A core military family support element, and a valued part of military pay and benefits, commissaries contribute to family readiness, enhance the quality of life for America’s military and their families, and help recruit and retain the best and brightest men and women to serve their country.

Media Contact:
Kevin L. Robinson
(804) 734-8000, Ext. 4-8773
kevin.robinson@deca.mil

Defense Commissary Agency seeks new contractor for its deli and bakery services in 22 commissaries

FORT LEE, Va., 2015-3-23 — /EPR Retail News/ — Deli and bakery services in 22 commissaries in 12 states face temporary suspension today as the Defense Commissary Agency seeks a new contractor. Six of the 22 commissaries have sushi bars that will also be temporarily suspended.

Today’s announcement comes because the agency terminated two deli/bakery service contracts held by Nayyarsons Corporation, a food service company headquartered in New Hyde Park, N.Y. Last month, DeCA did not renew another deli/bakery services contract held by Nayyarsons, an action that impacted 22 other commissaries in nine Midwestern states.

Nayyarsons serves no other commissaries. DeCA currently has nine deli/bakery service contracts with various other vendors serving 112 commissaries.

DeCA’s decision to terminate its two remaining contracts with Nayyarsons for its Great Lakes and Gulf Coast areas was made for the convenience of the commissary customer, said Defense Commissary Agency Director and CEO Joseph H. Jeu.

“It was a decision made in the best interest of our customers,” Jeu said. “I want our customers to know that we’re working diligently to get services back to normal.”

Consistent with earlier actions, DeCA is looking at both long-term and interim solutions to offer the valued deli and bakery services for the affected commissaries. An expedited contracting process will be used, and the agency expects to have a new contract in place and operations fully restored by early June.

As an interim solution, to avoid disruption of services, the agency is pursuing the hiring of the outgoing contractor’s eligible workforce on a temporary basis to deliver limited services until a new contractor is brought on board. If a break in deli/bakery services occurs, customers can purchase cold cuts, potato and macaroni salad, fruit and vegetable trays, and similar items in their commissary grocery and produce aisles. Store management has increased product quantities and will bring in new items to help fill in any short-term void.

The 22 commissaries impacted are:

  • Alabama: Maxwell-Gunter Air Force Base Annex, Maxwell Air Force Base, Redstone Arsenal, Fort Rucker
  • Arkansas: Little Rock Air Force Base
  • Illinois: Scott Air Force Base, Naval Station Great Lakes
  • Indiana: Harrison Village
  • Kentucky: Fort Campbell, Fort Knox
  • Louisiana: Barksdale Air Force Base, Naval Air Station Joint Reserve Base New Orleans, Fort Polk
  • Michigan: Selfridge Air National Guard Base
  • Mississippi: Columbus Air Force Base, Naval Construction Battalion Center Gulfport, Keesler Air Force Base
  • Missouri: Fort Leonard Wood, Whiteman Air Force Base
  • Ohio: Wright-Patterson Air Force Base
  • Pennsylvania: Pittsburgh Area
  • Tennessee: Naval Support Activity Mid-South (Memphis)

About DeCA: The Defense Commissary Agency operates a worldwide chain of commissaries providing groceries to military personnel, retirees and their families in a safe and secure shopping environment. Authorized patrons purchase items at cost plus a 5-percent surcharge, which covers the costs of building new commissaries and modernizing existing ones. Shoppers save an average of more than 30 percent on their purchases compared to commercial prices – savings amounting to thousands of dollars annually. A core military family support element, and a valued part of military pay and benefits, commissaries contribute to family readiness, enhance the quality of life for America’s military and their families, and help recruit and retain the best and brightest men and women to serve their country.

Media Contact:
Kevin L. Robinson
(804) 734-8000, Ext. 4-8773
kevin.robinson@deca.mil

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Defense Commissary Agency seeks new contractor for its deli and bakery services in 22 commissaries

Defense Commissary Agency seeks new contractor for its deli and bakery services in 22 commissaries