H & M Hennes & Mauritz AB releases its Annual Report for the financial year 2014

STOCKHOLM, SWEDEN,  2015-3-27 — /EPR Retail News/ — H & M Hennes & Mauritz AB’s Annual Report for the financial year 2014 is available starting today on the company’s website, www.hm.com and will be sent out by post to shareholders that have so requested and will also be available at the company’s head office.
Contact persons:

Nils Vinge, IR Manager +46 8 796 5250
Kristina Stenvinkel, Head of Communication +46 8 796 3908

The information in this press release is that which H & M Hennes & Mauritz AB (publ) is required to disclose under Sweden’s Securities Market Act. It was released for publication at 08.00 (CET) on 27 March 2015.

H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on Nasdaq Stockholm. The company’s business concept is to offer fashion and quality at the best price. In addition to H&M, the Group includes the brands COS, Monki, Weekday, Cheap Monday, & Other Stories as well as H&M Home. The H&M Group has more than 3,500 stores in 57 markets including franchise market. In 2014, sales including VAT amounted to more than SEK 176,6 billion and the number of employees was more than 132,000. For further information, visit www.hm.com

IKEA begins demolition on the site where it will construct new, larger store in Burbank, CA

BURBANK, CA, 2015-3-27 — /EPR Retail News/ — IKEA, the world’s leading home furnishings retailer, today began demolishing 19 buildings totaling 455,000 square-feet on the site where it will construct a new, larger store in Burbank, CA, less than one mile away from the company’s oldest store in the Western United States. Razing the buildings will make room for construction of the planned new Burbank store. Until the new, roomier store opens on the new site, customers can continue to shop at the existing IKEA Burbank. (Other nearby IKEA stores are in: Carson, Costa Mesa and Covina.)

The current 242,000-square-foot IKEA Burbank, the first IKEA store in California and sixth in the U.S., opened November 1990 on 6.4 acres along I-5 at San Fernando Boulevard. The future 456,000-square-foot store and its more than 1,700 convenient parking spaces will be built on 22 acres west of San Fernando Boulevard and south of Providencia Avenue, providing customers with improved accessibility. IKEA has contracted with VCC Construction to build the store and plans reflect the same unique architectural design for which IKEA stores are known worldwide. Just as the existing Burbank store has a solar photovoltaic array atop its roof, IKEA hopes to install a similar solar energy system as part of the relocated store.

“We are thrilled by the progress represented by this demolition milestone as we prepare to construct our new version of IKEA Burbank,” said Rob Olson, IKEA US CFO. “With nearly 25 years operating in Burbank, we look forward to many more years at this new location where we can offer many of our Southern California customers an updated, spacious and enhanced IKEA shopping experience.”

Actual store construction likely will commence this fall after completion of the demolition and site preparation. Additionally, reflecting the company’s commitment to sustainability, IKEA is working to recycle, repurpose or salvage as much of the existing buildings’ equipment, materials, and parts as possible.

The new, more spacious IKEA Burbank will feature a larger quantity of the nearly 10,000 exclusively designed items, 50 inspirational room-settings, three model home interiors, a supervised children’s play area, and a larger restaurant for serving Swedish specialties. Other family-friendly features include a ‘Children’s IKEA’ area in the showroom, baby-care rooms, preferred parking and play areas throughout the store. IKEA also now offers a product picking and delivery service, and an IKEA Family loyalty program. In addition to the nearly 400 Burbank coworkers already part of the global IKEA family, IKEA will generate even more annual sales and property tax revenue for the City and local schools.

Since its 1943 founding in Sweden, IKEA has offered home furnishings of good design and function at low prices so the majority of people can afford them. There are currently more than 360 IKEA stores in 47 countries, including 40 in the U.S. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information see IKEA-USA.com, @IKEAUSA, @IKEAUSANews, or IKEAUSA on Facebook, Youtube, Instagram and Pinterest.

Contact: Joseph Roth, Expansion Public Affairs
(610) 834-0180, x 6500

IKEA to install fuel cell system manufactured by Bloom Energy at its location in Emeryville, CA

CONSHOHOCKEN, PA, 2015-3-27 — /EPR Retail News/ — IKEA, the world’s leading home furnishings retailer, today announced plans to install a fuel cell system manufactured by Bloom Energy at its location in Emeryville, CA – one of two San Francisco-area stores for the Swedish company. Consistent with the IKEA focus on emerging energy technologies, this project represents the first IKEA endeavor globally to convert biogas into electricity through a clean electro-chemical process. The fuel cell system will be installed, commissioned and activated by this summer, 2015.

Slightly larger than the physical size of a commercial back-up generator, the 300-kW system will operate on biogas and produce approximately 2,497,651 kWh of electricity annually for the store, the equivalent of reducing 1,304 tons of carbon dioxide (CO2) – equal to the emissions of 249 cars or to providing electricity for 163 homes yearly (calculating clean energy equivalents at www.epa.gov/cleanenergy/energy-resources/calculator.html). Combined with the solar energy system installed atop the store in 2011, these fuel cells will help generate more than a majority of the store’s energy onsite.

For the design, development and installation of this fuel cell system, IKEA contracted with Sunnyvale-based Bloom Energy a provider of breakthrough solid oxide fuel cell technology generating clean, highly-efficient on-site power.

“We are excited about furthering our sustainability commitment with fuel cells at IKEA Emeryville,” said Pat Choa, store manager. “Similar to our rooftop solar array, this fuel cell system will reduce greatly our carbon footprint and the store’s reliance on the power grid as well as contribute to our vision of creating a better everyday life for the many.”

This investment in fuel cell technology reflects the company’s goal to be energy independent by 2020 and complements other IKEA renewable programs in the U.S., including solar presence at nearly 90% of its locations, a geothermal heating and cooling system at two stores, and two wind farms totaling 104 turbines.

Drawing from its Swedish heritage and respect of nature, IKEA strives to minimize its operations’ carbon emissions because reducing its environmental impact makes good business sense. Globally, IKEA evaluates locations regularly for conservation opportunities, integrates innovative materials into product design, works to maintain sustainable resources, and flat-packs goods for efficient distribution. Specific U.S. sustainable efforts include: recycling waste material; incorporating energy-efficient HVAC and lighting systems, recycled construction materials, skylights in warehouse areas, and water-conserving restrooms. Operationally, IKEA eliminated plastic bags from the check-out process, phased-out the sale of incandescent bulbs, facilitates recycling of customers’ compact fluorescent bulbs, and by 2016 will sell only L.E.D. IKEA also has installed EV charging stations at 13 stores, with plans for more locations.

Located on 15 acres at the confluence of I-80, I-580 and I-880, the 274,000-s.f. IKEA Emeryville opened in April 2000 and employs 300 coworkers. In addition to approximately 10,000 exclusively designed items, IKEA Emeryville presents 50 different room-settings, three model home interiors, a supervised children’s play area, and a 250-seat restaurant serving Swedish specialties such as meatballs with lingonberries and salmon plates, as well as American dishes. Other family-friendly features include a Children’s IKEA area in the Showroom, baby care rooms, play areas throughout the store, and preferred parking.

Since its 1943 founding in Sweden, IKEA has offered home furnishings of good design and function at low prices so the majority of people can afford them. There are currently more than 360 IKEA stores in 47 countries, including 40 in the U.S. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information see IKEA-USA.com, @IKEAUSA, @IKEAUSANews, or IKEAUSA on Facebook, Youtube, Instagram and Pinterest.

Contact: Joseph Roth, Property Public Affairs
(610) 834-0180, ext. 6500

Delhaize Group completes the sale of its Bottom Dollar Food store locations to ALDI Inc

BRUSSELS, Belgium, 2015-3-27 — /EPR Retail News/ — Delhaize Group announces that it has completed the sale of its Bottom Dollar Food store locations to ALDI Inc.

» Delhaize Group 

Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of 2014, Delhaize Group’s sales network consisted of 3 402 stores. In 2014, Delhaize Group recorded €21.4 billion ($28.4 billion) in revenues and €89 million ($118 million) net profit (Group share). At the end of 2014, Delhaize Group employed approximately 150 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website http://www.delhaizegroup.com. Questions can be sent to investor@delhaizegroup.com.

» Contacts

Investor Relations: + 32 2 412 2151
Media Relations: + 32 2 412 8669

GQ Partners with Gap and Selects Young Designers to Create Fourth Limited-Edition Collection

SAN FRANCISCO, 2015-3-27 — /EPR Retail News/ — GQ announced today the return of the Best New Menswear Designers in America program. The project, established in 2007, recognizes the best young menswear designers in the country and works to advance the talented up-and-comers. The designers were selected by GQ editor-in-chief Jim Nelson and creative director Jim Moore, along with the magazine’s fashion editors. As part of the project, the four designers will be featured in the April 2015 issue of GQ, on national newsstands March 31, and will collaborate with Gap on a limited-edition collection, to be sold in the fall exclusively at Gap stores.

GQ’s 2015 Best New Menswear Designers in America are:

  • David Hart (Brooklyn, established 2009) Ever since he showed up to elementary school wearing a bow tie, designer David Hart has had an affinity for tailored clothes. Six years ago Hart launched a small tie line that spawned a full men’s collection. Inspired by the fashion of the 1950s and ’60s, he designs with one foot in the past and one in the future bringing classically tailored techniques into the 21st century with updated fits, modern combinations, and a sophisticated color palette. Wool and silk ties, colorful donegal tweed suiting, and trim banlon polo shirts have all become David Hart classics that bring a bit of crooner cool to the modern man.
  • Stampd  (L.A., established 2011)Stampd combines West Coast street and surf cultures with a little bit of East Coast edge. Designer Chris Stamp has a unique vision in a limited color palette: using mainly black and white, he takes classic athletic and streetwear silhouettes and executes them in stark greyscale contrasts. Bold graphic tees, nylon flight jackets, snapback caps, and leather accessories all work together to create a simple yet complex look and gives sportswear an edgy, progressive twist.
  • NSF (L.A., established 2005) NSF’s clothes are distressed from day one, handshredded and dyed so many times that they look as if you’ve had them for years. Designers Nick Friedberg and Jamie Haller are vintage enthusiasts that aren’t concerned with simplicity; they look for pieces that are sun-faded or paint-spattered or holey. They are the epitome of the West Coast cool, focused on comfort, realism and a touch of grunge. Inspired by musicians, skateboarders and artists, NSF makes clothes that are meant to be lived in, and look the part.
  • The Hill-Side (Brooklyn, established 2009) Brothers Emil and Sandy Corsillo are textile nerds at heart. Inspired by a mutual obsession with vintage denim and Japanese fabrics, they started The Hill-Side doing square-bottom ties in rare textiles, which quickly grew into a full accessories line, and now they can dress a man head to toe. Their approach to making garments is simple: make the same object every season but offer it in a wide variety of high-quality fabrications.

“The most exciting part about this program is the strength and speed with which it continues to grow —and the way it helps support the growing menswear movement in America,” says GQ editor-in-chief Jim Nelson. “The goal has always been to offer a launchpad for young talent, and I was thrilled to see our designers’ clothes selling out in Gap stores across the country last year. The 2015 designers are impressive, fresh, and most importantly bring unique perspectives to the world of men’s fashion. I can’t wait to see what hits the shelves in the fall.”

“We are thrilled with this year’s selection of designers, and the Gap team can’t wait to bring their vision to life,” said Tony Kretten, Vice President of Men’s Design for Gap. “Jim Moore and Jim Nelson have made another amazing selection of menswear designers to add to the alumnae of this program.  Each designer has their own unique and signature style from LA surf/street, NYC retro chic, Japanese inspired American craft and west coast personal DIY style.  I love this group – can’t wait until October.”

As part of the Best New Menswear Designers in America project, GQ will mentor each designer as they create an affordable capsule line that will be available this fall at select Gap stores in more than 7 countries, as well as at www.gap.com. Additionally, pieces from the collection will be featured in the October 2015 issue of GQ.