Legacy Concepts, LLC to develop 10 new Dunkin’ Donuts restaurants in Minneapolis

LEADING COFFEE AND BAKERY CHAIN SEEKS FRANCHISEE CANDIDATES IN MINNEAPOLIS AND MANKATO

CANTON, MA, 2015-4-23 — /EPR Retail News/ — Dunkin’ Donuts, America’s all-day, everyday stop for coffee and baked goods, announced today the signing of a multi-unit store development agreement with new franchise group, Legacy Concepts, LLC, to develop 10 new restaurants in Minneapolis and the surrounding areas of Bloomington, Edina, Eden Prairie and the communities west of the Metro area. The first restaurant is planned to open by the end of this year.

Led by Jeffery Leu, Damon Dranchak, Christopher Leu, Kweilin Ellingrud, John Seibel and Tyler Olsen, this team will manage and oversee the construction and operations for each Dunkin’ Donuts restaurant. The group has years of experience in the commercial real estate industry. In addition, Dranchak has more than 25 years of experience in the quick-service restaurant industry.

“We are excited to expand the brand’s presence in Minnesota and play an important role in the daily lives of people who live, work and visit here,” said Damon Dranchak, Vice President and General Manager for Legacy Concepts, LLC. “We have a passion and loyalty for the Dunkin’ Donuts brand and look forward to opening our restaurants in the years to come.”

Franchise opportunities still remain available throughout Minnesota in Minneapolis and Mankato. To help fuel growth in Minnesota, special development incentives are available which include reduced royalty fees for three years and up to $5,000 in local store marketing support for timely openings.*

In an effort to keep the brand fresh and competitive, Dunkin’ Donuts offers flexible concepts for any real estate format including free-standing restaurants, end caps, in-line sites, gas and convenience, travel plazas, universities, as well as other retail environments.

“Our enthusiastic and dedicated franchisees contribute to our brand’s growth, which has helped solidify our position as one of the fastest growing brand’s by unit count in the quick-service restaurant industry,” said Grant Benson, CFE, vice president of global franchising and business development, Dunkin’ Brands. “We are thrilled these new franchisees have joined the Minnesota market, and know these new restaurants they are developing will satisfy a growing consumer demand in the Minneapolis community.”

Dunkin’ Donuts’ new look includes four distinct restaurant design options for franchisees, each featuring variations in layout, color schemes, graphics, textures, furniture and/or lighting. The designs enhance the current restaurant appearance, environment and layout to serve people all day long. Unlike other quick-service restaurants, Dunkin’ Donuts allows franchisees to select individual elements from any of the four options, creating a restaurant design that reflects their personal tastes and preferences, and best serves their specific restaurant size and location.

Since the 1950s, Dunkin’ Donuts has been a daily ritual for millions of people and has offered guests delicious food, beverages and friendly service at a great value. Dunkin’ Donuts offerings include iced coffee, flavored coffees, lattes, Dunkin’ Donuts K-Cup® Packs, Coolatta® frozen drinks, donuts, muffins, bagels, breakfast and bakery sandwiches, and a DDSMART® menu featuring better-for-you items.

To learn more about Dunkin’ Donuts, visit www.DunkinDonuts.com or follow us on Facebook (www.facebook.com/DunkinDonuts) and Twitter (www.twitter.com/DunkinDonuts).

*Details available in the Dunkin’ Donuts Franchise Disclosure Document

About Dunkin’ Donuts
Founded in 1950, Dunkin’ Donuts is America’s favorite all-day, everyday stop for coffee and baked goods. Dunkin’ Donuts is a market leader in the hot regular/decaf/flavored coffee, iced coffee, donut, bagel and muffin categories. Dunkin’ Donuts has earned the No. 1 ranking for customer loyalty in the coffee category by Brand Keys for nine years running. The company has more than 11,300 restaurants in 36 countries worldwide. Based in Canton, Mass., Dunkin’ Donuts is part of the Dunkin’ Brands Group, Inc. (Nasdaq: DNKN) family of companies. For more information, visit www.DunkinDonuts.com.

CONTACT INFORMATION

Name: Jenna Kantrowitz
Phone: 954-893-9150
Name: Rachel Tabacnic
Phone: 954-893-9150

Wegmans turned more than 2.5 million pounds of food scraps into clean, renewable energy in 2014 together with Lawnhurst Farms, Noblehurst Farms and Natural Upcycling

ROCHESTER, NY, 2015-4-23 — /EPR Retail News/ — Every now and then, looking for a solution to one problem leads to better answers on several fronts. Eleven Wegmans stores in the Greater Rochester area are sending food waste to two dairy farms to be turned into energy and useful byproducts, thanks to a technology known as anaerobic digestion. The initiative involves a partnership that includes Wegmans, Lawnhurst Farms, Noblehurst Farms, and Natural Upcycling, a hauling company that specializes in collecting food scraps that can be fuel for renewable sources of energy. In 2014, Wegmans turned more than 2.5 million pounds of food scraps into clean, renewable energy.

Wegmans recently produced a video to help explain the process.

One of Wegmans’ Buffalo stores is also piloting the program and more will follow. Four Syracuse stores will begin a pilot in May. By early 2016, Wegmans hopes that 32 of its New York stores will be participating in this program. Other Wegmans stores are already diverting food scraps away from landfills to compost or animal feed producers

Collecting food scraps: At participating Rochester Wegmans stores, employees in the bakery, produce, sub shop, cheese shop, coffee, floral and prepared foods departments put what’s headed for the “digester” into collection totes that roll on wheels. Into the totes go foods that can’t be donated, like coffee grounds, baked goods, fruit and vegetable peelings, and damaged produce. When full, the totes roll out to a loading dock. Natural Upcycling, based in Linwood NY, empties the totes onto the truck, sanitizes the totes with a power-washer system built into the truck so they can be reused at the store, and then heads to the next store. Once full, the truck heads to the “digester” at Noblehurst Farms in Linwood or Lawnhurst Farms in Stanley NY.

Turning scraps into energy: Two years ago, Lawnhurst Farms, a fourth-generation, family-owned dairy farm near Canandaigua, unveiled a state-of-the-art anaerobic digester to manage waste from the 1,400 cows on the farm, and to generate electricity through the capture of methane released during the digestion process. The digester had spare capacity, and the Jensen family, co-owners of the farm, wanted to supplement manure from the cows with food waste to produce more energy and useful byproducts. That’s where Wegmans’ scraps fill in. At full capacity, the digester can produce enough electricity to power 400 households for a year. This electricity not only powers the farm, but also generates excess energy that the local utility company buys.

Wegmans’ partnership with Noblehurst Farms follows the same process for anaerobic digestion.

Anaerobic digestion is a biological process that occurs when bacteria decompose organic matter in the absence of oxygen. As the bacteria work, biogas (mostly methane) is released. The digester collects the biogas and pipes it underground for cooling. Then it’s pressurized, metered and fed into a heat and power unit that yields heat for the digester, farm buildings, and the farm’s milking parlor. The waste remaining, after controlled anaerobic decomposition, is low in odor and rich in nutrients. The liquid can fertilize soil, and the solid “digestate” can be used as bedding for the cows, or spread on fields to add organic matter to the soil, improving its structure.

“The real advantage of these partnerships is that the benefits are broadly shared,” says Wegmans Sustainability Manager Jason Wadsworth. “The process is easier, safer and more efficient for our people, it helps to reduce carbon emissions generated by landfills, helps farmers in our community achieve their sustainability goals, and creates a whole new business model for farmers and food waste haulers, adding jobs to our region. This is the very definition of sustainability and a project that the whole community can feel good about.” Specifically,

  • Diverting food from landfills means less methane gas escaping into the atmosphere. (Methane, a byproduct of decomposition, is a greenhouse gas that is 20 times more potent than Carbon Dioxide.)
  • Because the anaerobic digester is a closed system, it captures the methane produced as food scraps and farm waste decompose, turning it into renewable energy.

Day-to-day practices count too

“What a waste management technology like anaerobic digestion can do is exciting,” Wadsworth says, “but everyday practices that cut down on what goes to the landfill matter too.”

When Wegmans produce employees spot a misshapen apple that customers might not buy, they check with the culinary team to see if there’s a good use for it – perhaps as a crunchy addition to a salad or another recipe. That’s one apple that feeds someone, instead of ending up in a landfill.

Wegmans also partners with local food banks and pantries near its stores, sending donations of day-old bread, not-quite-perfect produce, yogurt near the sale date, and other items. In 2014, approximately 15 million pounds of food from Wegmans’ 85 stores (333 tractor trailers) went to people in need rather than to a landfill.

“If something can’t be used at the store or donated, it goes into the collection tote. We are always asking ourselves how we can do a better job of bringing food’s goodness to people, in ways that are   better for the environment,” says Wadsworth. “We’re committed to finding sustainable uses for food scraps. It’s the right thing to do for a lot of reasons.”

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Wegmans Food Markets, Inc. is an 85-store supermarket chain with stores in New York, Pennsylvania, New Jersey, Virginia, Maryland, and Massachusetts. The family-owned company, founded in 1916, is recognized as an industry leader and innovator. Wegmans has been named one of the ‘100 Best Companies to Work For’ by FORTUNE magazine for 18 consecutive years, ranking #7 in 2015. The company also ranked #1 for Corporate Reputation, among the 100 ‘most-visible companies’ nationwide in the 2014 Harris Poll Reputation Quotient ® study.

Contact Information:
Jo Natale, vice president of media relations 585-429-3627
Evelyn Carter, consumer affairs manager (Syracuse media only), 315-546-1110
Michele Mehaffy, consumer affairs manager (Buffalo media only), 716-685-8170

Meijer introduces the fashionable and fun style of Keds into their women’s shoe collection

GRAND RAPIDS, Mich., 2015-4-23 — /EPR Retail News/ — Meijer is pleased to announce that they have introduced the fashionable and fun style of Keds into their women’s shoe collection. Keds is an American brand of canvas shoe with rubber soles currently owned by Wolverine World Wide.

“Keds are a stylish lifestyle sneaker that appeals to women of all ages,” said Glen Reinart, divisional merchandise manager of shoes, jewelry, accessories for Meijer. “Their new designs are vivid and energizing and have put the shoe back on the fashion fast track. They are a good fit for our collection as we continue to emphasize trend forward merchandise in our assortments.”

Keds canvas lace-up sneakers are a shoe that is ready for everything. From a super sweet and romantic pastel canvas pair worn with a flirty floral sundress to a navy boat shoe added to jeans and cotton tee ensemble, these timeless beauties give a chic and stylish look to many outfits.

The popular sneaker is available in the women’s shoe department of all Meijer store located throughout the Midwest. The shoes retail for $50 and are offered in women’s sizes 6 – 11.

For more advice on in-trend fashions and ideas from the Meijer Style Team, please visit www.MeijerStyle.com and share your style on Instagram.

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

Contact: Chris Morrisroe, 248-666-3897

 

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Whole Foods Market: Without pollinating insects coffee production could drop by up to 40 percent

Whole Foods Market helps ‘Share the Buzz’ about pollinators and their important role in the global food supply

Austin, TX, 2015-4-23 — /EPR Retail News/ — Without pollinating insects like honeybees, stingless bees and solitary bees, coffee production could drop by up to 40 percent–a potentially rude awakening for Americans, who consume 400 million cups of joe daily*, and one of many reasons Whole Foods Market and The Xerces Society are teaming up this month to “share the buzz” about the plight of pollinators.

Through April 28, shoppers can take part in family-focused events that support pollinator conservation efforts and can learn more about how to “bee” part of the solution through activities like planting wildflowers, choosing “Responsibly Grown” produce or buying organic.

Additionally, Whole Foods Market’s Gilman store in Berkeley, California, demonstrated what the store’s salad bar choices would look like in a world without pollinators. The photos and results are startling.

For more information about Whole Foods Market visit wholefoodsmarket.com/pollinators.

* According to Coffee Statistics Report – 2011 Edition

Whole Foods Market opens doors to its thirteenth New Jersey store, and second in Morris County

Retailer to donate 5% of opening day sales to Fosterfields Living Historical Farm

Morristown, NJ, 2015-4-23 — /EPR Retail News/ — Whole Foods Market (NASDAQ: WFM),America’s Healthiest Grocery Store®, will open the doors to its newest store in Morristown, NJ on Wednesday, April 22nd. This location marks the thirteenth New Jersey store, and second in Morris County. The day will kick-off with its traditional bread breaking ceremony at 9:00am, followed by sampling, special sales, and other events throughout the store.

In honor of the store opening and as part of the company’s continued commitment to its local communities, Whole Foods Market Morristown is excited to donate five percent of sales from April 22nd to Fosterfields Living Historical Farm. Funds raised Wednesday, will support environmental education programs on the farm and unique opportunities to experience Morristown’s agricultural heritage. Fosterfields will also offer a glimpse into the Victorian era with all-day butter churning demonstrations on opening day. The store has developed valued partnerships with local organizations like Neighborhood House, the Community Soup Kitchen of Morristown, The Seeing Eye and Sustainable Morristown, and will continue to host and support fundraising opportunities with various local organizations throughout the year.

“Whole Foods Market is excited to be joining the historic Morristown community,” said Denise Hall, Store Team Leader for Whole Foods Market Morristown. “After the success of our Madison location, we’re happy to bring our store a little closer to home for our neighbors in Morristown and surrounding communities. We’re looking forward to extending our family-friendly offerings and building lasting partnerships with our new community.”

The new grocery store will feature 19,000 square feet of retail space, serving as a hub for the local community, providing residents with an unrivaled selection of premium natural and organic goods, catering to the distinct tastes of New Jersey, along with a range of delicious dining options.

Each department will host a wide variety of locally sourced goods. Some highlights and new products include:

  • The Grocery aisles will put a heavy emphasis on local favorites from New Jersey like Severino pasta, First Field Tomato Sauce, and Steve’s Paleo goods.
  • Bakery: Fresh in-house baked goods from cakes and pies to in-house flavored cannoli’s, as well as local breads both baked in-house and sourced from some of New Jersey’s best and most recognizable bakeries, like Balthazaar, Anthony & Sons, and Mo’Pweeze.
  • Meat: Dry-aged meats, in-house made sausages, grass-fed beef from Simply Grazin’ farm in Skillman, NJ, unique stuffed meatballs and a special Morristown Burger featuring 100% ground brisket stuffed with American cheese.
  • Seafood: Fresh fish in partnership with Trinity Seafood, from the Jersey Shore as well as the company’s dockside facility Pigeon Cove, in Gloucester, MA and introducing new in-house made crab, scallop and salmon cakes, and more!
  • Produce: Summer grilling kits with cut and marinated veggies that are ready to grill, along with an expansive medley of local Jersey produce – from Radicle Farms greens in Newark to local black garlic and asparagus.
  • Specialty: Wide assortment of cheeses sourced from the best cheese makers around the globe, including NJ-based Cherry Grove cheese makers.
  • Coffee: An in-house coffee and espresso bar featuring fresh-brewed Allegro coffee.
  • Whole Body: Montclair-based, Chavez for Charity will be selling bracelets benefiting the NJ Battered Women’s Services of Morris County, as well as locally sourced offerings from Lux Soaps among the wide array of natural and organic body care items.

The in-store dining venues from the Prepared Foods Department will feature extensive and unique options for the whole family – from spring salads in the chef’s case featuring local Jersey produce to a wide range of international flavors like Italian sandwiches, sushi, pizza, an Indian and Latin American hot bar, as well as a charcuterie station and smoked barbecue bar to help make summer grilling stress-free.

For additional information and exciting announcements about Whole Foods Market Morristown, an events calendar is available here. Also, please visit the store’s social media channels:

Facebook – facebook.com/WholeFoodMorrisNJ
Twitter +  Instagram – @WFMMorrisNJ
Website: http://www.wholefoodsmarket.com/stores/morristown

Whole Foods Market Morristown
110 Washington St. Morristown, NJ 07960
Regular Store Hours:  [Mon –Sun] 8 AM – 10 PM
Phone Number: (973) 385 – 1900

Wincor Nixdorf AG presents its results for the first half of the current fiscal year 2014/2015; outlined details of the restructuring program

Paderborn, Germany, 2015-4-23 — /EPR Retail News/ — On presenting its results for the first half of the current fiscal year 2014/2015, Wincor Nixdorf AG outlined details of the restructuring program launched by the company. Prior to this, the company had already announced that it would fail to meet its original guidance issued for the current fiscal year. In the first half of fiscal 2014/2015 net sales fell by 2% to €1,208 million (previous year: €1,230 million), while operating profit (EBITA) declined by 31% to €47 million (€68 million). The EBITA margin fell by 1.6 percentage points to 3.9% (5.5%). Profit for the first six months of the fiscal year amounted to €31 million (€45 million), down 31% on the previous year’s figure for the first half. The year-on-year contraction is attributable primarily to a 12% decline in net sales from the company’s Hardware business; growth generated by Software and IT Services was not sufficiently strong to offset the aforementioned downturn. Spanning a period of several years, the restructuring measures to be implemented by Wincor Nixdorf are aimed at counteracting these developments. The aim is to achieve an additional positive annual earnings effect of €120 million in fiscal 2017/2018, which will take shape in the coming two fiscal years. In parallel, expenses are also expected to amount to €120 million in total. In implementing the program, Wincor Nixdorf will reduce its current headcount by around 1,100 (12%) over the next three years. As regards the current fiscal year 2014/2015, Wincor Nixdorf now anticipates that net sales will be 3-5% down on the prior-year figure. EBITA before restructuring measures is expected to total €100 million. As the company will additionally incur costs of €80 million, Wincor Nixdorf anticipates that EBITA after restructuring expenses will stand at €20 million.

In initiating the fundamental realignment of its activities during the second quarter of fiscal 2014/2015, Wincor Nixdorf is addressing the issue of deteriorating business conditions in key emerging markets such as Russia and China as well as the sluggish recovery in investment spending throughout Europe. Another factor necessitating realignment is the continuing erosion of prices in the company’s Hardware business. This can no longer be offset in the long term, due in part to insufficient economies of scale. At the same time, the trend towards digitization embraced by both banks and retailers has added to the momentum of change, with software and high-end service solutions playing a prominent role and opening up opportunities for growth at Wincor Nixdorf. “We are looking to exploit the market potential of Software and IT Services to an even greater extent, as well as making our Hardware business more cost-effective,” emphasized CEO & President Eckard Heidloff.

Following up on this, the strategic objective of measures initiated as part of a seven-point program is to accelerate Wincor Nixdorf’s transition to a software and IT services company with attractive profit margins. At the same time, the Hardware business, which remains important to the company, is to be redimensioned with regard to the vertical range of development activities within the value chain as well as in respect of global production and supply chains; this will be accompanied by significant adjustments to capacity levels. The guiding maxim is to achieve sufficient margins even on the basis of lower unit sales.

The aim of these restructuring activities is to achieve a positive effect on earnings equivalent to €120 million as from fiscal 2017/2018. For the next two fiscal years, the earnings effects are expected to be €40-50 million (2015/2016) and €80-100 million (2016/2017). By contrast, expenses are expected to total €120 million, of which €80 million will be attributable to fiscal 2014/2015 and €40 million to 2015/2016.

Strategic Levers for Company Restructuring.
Fast-track expansion of the Software business is to be achieved principally through a combination of additional investment and restructuring of existing capacities at a staffing and operational level. Additionally, the company will be aiming to make acquisitions within the Software business. Overall, Wincor Nixdorf reaffirms its goal of doubling net sales from Software within a period of five years (€600 million in 2017/2018). The Services business is to be taken forward to the next level, with an emphasis on improved cost-effectiveness as well as significant growth in Managed Services and Outsourcing.

The company’s Hardware business will remain an important pillar. However, capacity levels in this area are to be scaled back.

As a further strategic measure, the successful Cashless Payment business unit, which is expected to increase its net sales to €50 million in fiscal 2014/2015, will be carved out to become an independent operation. The intention is to position the fledgling company in the form of a start-up with all the associated freedom of maneuver. This may serve, for example, as a platform for partnerships or collaborative activities in the payment market or to facilitate investment opportunities.

Significant Reduction in Existing Workforce – Staff Upsizing in Other Areas.
In implementing the program, Wincor Nixdorf will reduce its current headcount by around 1,100 (12%) over the next three years. This will affect around 500 employees in Germany and 250 in other European countries. The company is planning redundancies as well as a transfer to outsourcing-based employment structures.

The Group-wide reduction in personnel levels will contrast, in the coming years, with staff upsizing in the growth areas of Software and IT Services. Thus, the net outcome of these measures will be a reorganized personnel structure for Wincor Nixdorf.

In summary, the strategic repositioning of Wincor Nixdorf will encompass the following seven points (1): – Considerable acceleration of growth in the Software business and associated Professional Services – Expansion of high-end IT Services for operations management such as Managed Services and Outsourcing – Fundamental realignment of Hardware strategy – Carve-out of business unit for Cashless Payment – Program for price optimization – Streamlining of administration costs – Organizational support to implement changes

Change at the Helm of Banking.
Member of the Board of Directors Jens Bohlen will leave the company effective from April 30, 2015. For the time being, the Board of Directors of Wincor Nixdorf AG will thus be reduced to three members. With Jens Bohlen leaving the company, responsibility for the global Banking business at Wincor Nixdorf will change hands. As from May 1, 2015, responsibility for the company’s global Banking business will be transferred to Christian Weißer, who has been appointed as Senior Vice President. In his most recent position, he headed the company’s Banking business in Europe.

Slight Growth in Banking After First Six Months; Downturn in Retail.
Net sales in the Banking segment rose slightly by 1% to €783 million (€778 million) in the first half of fiscal 2014/2015. In the second quarter, net sales were down by 4% year on year. EBITA for the Banking segment totaled €29 million (€51 million), which was 43% down on the figure posted for the same period a year ago. Net sales generated in the Retail segment fell by 6% in the first six months of the fiscal year and stood at €425 million (€452 million). In the second quarter, net sales were 4% lower compared to the previous year. EBITA generated in the Retail segment rose by 6% to €18 million (€17 million) in the reporting period.

Growth in Asia/Pacific/Africa – Downturn in Germany and Europe.
In Germany, net sales fell by 4% to €277 million (€290 million) in the first six months, thus accounting for 23% (24%) of the Group’s total net sales. In the second quarter, net sales in Germany stood at €138 million (€140 million), which corresponds to a downturn of 1%.
At €553 million (€577 million), Europe (excluding Germany) saw a year-on-year decline in net sales of 4% in the first six months of the current fiscal year. In the first half of the fiscal year, Europe (excluding Germany) contributed the largest part of total net sales for the Group at 46% (47%). In the second quarter of the fiscal year, net sales in Europe (excluding Germany) were 7% lower at €254 million (€273 million).
In Asia/Pacific/Africa, the Group managed to lift net sales to €234 million (€216 million) in the first six months of the current fiscal year. This corresponds to an 8% increase on the prior-year figure. Asia/Pacific/Africa contributed a share of 19% (17%) to total net sales for the Group. Second-quarter net sales in Asia/Pacific/Africa rose by 14% to €115 million (€101 million).
In local currencies, the Americas recorded a 12% decline in net sales in the first half of the fiscal year. Translated into euros, this corresponded to a downturn in net sales by 2% to €144 million (€147 million). On this basis, the proportion of total net sales generated by the Americas was unchanged year on year at 12%. In the second quarter of the fiscal year, net sales in the region were down 22% at €61 million (€78 million).

Increase in proportion of net sales from Software/Services.
In the first half, net sales attributable to the Hardware business declined by 12% year on year to €504 million (€575 million). In the Software/Services business, by contrast, net sales rose by 7% to €704 million (€655 million). The share of total net sales generated by the Hardware business fell to 42% (47%) in the period under review. Correspondingly, the proportion of total net sales derived from Software/Services rose to 58% (53%).

(1) For further information on the restructuring program, please refer to the Investor Relations section on www.wincor-nixdorf.com.

Contact person:
Andreas Bruck
Tel 05251/ 6935200

This document contains forward-looking statements that are based on current estimates and assumptions made by the management of Wincor Nixdorf AG. Under no circumstances shall these statements be considered as constituting a guarantee that such expectations are correct or will materialize. The future performance as well as the results actually achieved by Wincor Nixdorf AG and its affiliated companies are subject to various risks and uncertainties. Therefore, they may differ materially from those expressed or implied by forward-looking statements. A number of these factors are beyond Wincor Nixdorf’s sphere of influence and cannot be forecast or predicted with any level of certainty, e.g. those factors relating to future economic conditions or the actions of competitors and other market participants. Wincor Nixdorf disclaims any obligation to update any forward-looking statements to reflect subsequent events or circumstances.

CBRE: Global shopping centre development continues to grow particularly in Asia with over 39 million sq m under construction at the end of 2014

London, 2015-4-23 — /EPR Retail News/ — Global shopping centre development continues to grow with a total of 11.4 million square metres (sq m) of new shopping centre space opened in 2014, compared with 10.6 million sq m in 2013.

Emerging markets, particularly in Asia, have continued to dominate the shopping centre development pipeline with over 39 million sq m under construction at the end of last year. China accounted for over 60% of the pipeline, with Russia, Turkey and India also possessing significant space under construction, according to the latest research from global property advisor CBRE.

Shanghai tops the ranking for most new space under construction with 4.1 million sq m, followed by Shenzhen (3.4 million sq m) and Chengdu in third place with 3 million sq m, Chongqing and Guangzhou make up the top five most active markets with more than 20 projects in the pipeline. However, supply of new development in China and India is at risk of slowing down due to the economy and mounting financial pressures on landlords. Construction of some shopping malls is on hold due to lack of funding or in some cases landlords are considering changing the schemes to other uses.

Europe accounted for 20% of total completions in 2014 with Russia and Turkey continuing to dominate the new development pipeline.  Moscow was the most active European country in 2014 and the only city outside of China in the top five.  Notable schemes completed include the Avia Park which is currently Europe’s largest shopping mall totalling 231, 000 sq m of gross leasable area (GLA). Istanbul saw the addition of eight new shopping centres totalling 440, 253 sq m and also has one of the largest development pipelines in Europe.  This has been led by the easy availability of credit in the Turkish market which has fuelled consumer spending.

In the Middle East, Abu Dhabi continues to strengthen its position as a leading retail destination with the completion of four new centres including the Yas Mall located on Yas Island with space for 400 shops, a 20 screen cinema and 10,000 car parking spaces. Paris was once again the most active market in Western Europe, with only one centre opening in 2014.

Natasha Patel, EMEA Retail Research, CBRE, commented:

“The factors driving the development pipeline of new space remains largely unchanged compared to last year in terms of location with new construction dominated by Asia and in particular China. Other influences include a growing middle class population in emerging markets, the urbanisation of large cities and a lack of high quality retail space required by cross border retailers.

Western Europe and the U.S. continue to suffer from a lack of new development and extensions and refurbishments of existing centres will be a key focus in a bid to continue to attract key retailers and consumers.”

2014 Shopping Centre Completions

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Source:  Centre for the Study of Commercial Activity (CSA), Costar and CBRE Research 2015

ENDS

Notes to Editors:
This is the fourth year that CBRE has measured the level of shopping centre development in 171 of the world’s major cities. The survey was based on new centres of over 20,000 sq m and excluded retail warehousing and factory outlet centres.​

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 more information

Maria Raimundo
T +44 20 7182 2000
email

Best Buy and LG: Recycle aging fridges and upgrade to new energy-efficient models with EPA’s “Flip Your Fridge” ENERGY STAR® campaign on The Ellen DeGeneres Show

Richfield, Minnesota, 2015-4-23 — /EPR Retail News/ — This Earth Day, Best Buy and LG Electronics USA have joined forces to help the U.S. Environmental Protection Agency (EPA) launch its “Flip Your Fridge” ENERGY STAR® campaign on The Ellen DeGeneres Show, encouraging consumers to responsibly recycle their aging fridges and upgrade to new, energy-efficient models.

The EPA kicked off the campaign on today’s special Earth Day episode of the Emmy® Award-winning daytime talk show, featuring LG ENERGY STAR certified appliances available at Best Buy. And earlier this month, Best Buy was honored with the ENERGY STAR Partner of the Year Award for the second year in a row.

The “Flip Your Fridge” campaign launch includes a complete ENERGY STAR kitchen and laundry makeover for a lucky Ellen viewer and a social media contest in which other Ellen viewers have the opportunity to win the same appliances. In addition, as part of today’s Earth Day episode of Ellen, all audience members received two $500 Best Buy gift card thanks to Ellen, LG and Best Buy to use toward the purchase of an ENERGY STAR certified LG kitchen or laundry appliance of their choice.

Replacing an old refrigerator with a new ENERGY STAR certified model will save energy, save money and help protect the climate. According to the EPA, if you “Flip Your Fridge,” you can save as much as $260 over the next five years and reduce your carbon footprint by 7,900 pounds.

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Best Buy and LG: Recycle aging fridges and upgrade to new energy-efficient models with EPA's “Flip Your Fridge” ENERGY STAR® campaign on The Ellen DeGeneres Show

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LS travel retail North America acquired 20,000 square feet retail space within John F. Kennedy International Airport’s Terminal 4 from Saveria USA, Inc.

New joint venture to operate 20,000 square feet of prime specialty retail space at NYC’s busiest terminal

QUEENS, NEW YORK, 2015-4-23 — /EPR Retail News/ — With ambitions toward enhancing the shopping experience for the more than 18 million annual travelers passing through John F. Kennedy International Airport’s Terminal 4, LS travel retail North America, a Lagardère Services company, has acquired assets of Saveria USA, Inc. allowing for the operation of 20,000 square feet of prime specialty retail space within the terminal’s retail lounge.

The predominant specialty retail operator at Terminal 4 since 2002, Saveria USA, Inc. was founded by the Sardana family, who will partner with LS in a new JFK Terminal 4 venture moving forward.

“Following Saveria’s many years in Terminal 4 – a premiere travel gateway into New York City – we look forward to working closely with JFKIAT and the Sardana family to take the shopping experience offered to Terminal 4 travelers to a whole new level,” said Dag Rasmussen, Chairman and CEO of Lagardère Services. “By acquiring certain assets of Saveria USA, LS travel retail North America will bring its significant expertise to the benefit of Terminal 4’s concession program and to the millions of passengers who pass through its doors each year.”

Gerry Savaria, President and CEO of LS travel retail North America added, “Terminal 4 at JFK is a model for other airport terminals around the country. We are excited to begin this new part of the Saveria story and are eager to work with JFKIAT for many years to come.”

Terminal 4, operated by JFKIAT, LLC – the only non-airline, privately-operated terminal in the U.S. – is home to 28 airlines and features a host of internationally recognized retail brands. Fitting the needs of every type of potential customer, some of the 17 existing LS/Sardana shops include Tumi, Longchamp, Hugo Boss, Swarovski, Bijoux Terner, and Chocolate and More. LS plans to redevelop an additional 9,000 square feet into new specialty retail shops that will complement the existing offerings at Terminal 4.

“This new partnership with LS travel retail will ensure that Terminal 4 passengers have the most pleasant and efficient travel experience of any airport terminal in New York City,” said Gert-Jan de Graaff, President & CEO of JFKIAT. “With the help of this world-renowned company, travelers from all corners of the globe will continue to enjoy the brands and level of service offered by our tremendous retail partners.

“We thank the Sardana family for the strong partnership and commitment to offering passengers the best retail options and for contributing to JFKIAT’s success.”

Claus Kohlenberger, President of Saveria USA, Inc. added “We have the highest regard for the professionalism and dedication demonstrated by the LS team throughout the journey that led to the execution of this agreement and believe they will be a great fit with the excellent team at JFKIAT. This strong partnership shares a common thread: our passion for travel retail and commitment to serving passengers.”

About Saveria USA
Saveria was founded by the Sardana family in 1990 in Vienna. Saveria USA started in 2002 in JFK International Airport Terminal 4, where it has since significantly increased its presence with the development of licensed boutiques and iconic retails brands, along with proprietary Chocolate & More confectionary stores.

About JFKIAT
JFKIAT, LLC is the operator of Terminal 4 at John F. Kennedy International Airport, one of the most active air terminals in the New York area, serving 28 international and domestic airlines with an annual passenger volume of more than 17.1 million travelers in 2014. With an expansion completed in 2014, passengers traveling through Terminal 4 can visit an outstanding selection of new and upgraded restaurants and bars, including world-class eateries, well-known casual dining, healthy options, and food-to-go. Terminal 4′s expansive shopping mall offers an unparalleled shopping experience for travelers with a wide range of retail options from chic, upscale boutiques, to convenience stores, to electronics, accessories and gifts. Terminal 4 is the only air terminal in North America operated by a private management company. JFKIAT, LLC is owned by Schiphol USA Inc., a U.S. affiliate of Schiphol Group.  Visit us at www.jfkiat.com.

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