Kesko opened new K-ruoka store in Leningrad Oblast; the chain’s seventh store in Russia

Kesko today opened a new K-ruoka store at Krikkovskoye Shosse 69 in Kingisepp in the Leningrad Oblast.

HELSINKI, 2015-6-1 — /EPR Retail News/ — The K-ruoka store is the chain’s seventh store. It is located on a property owned by Kesko in the steadily developing city of Kingisepp, around 110 km from downtown St. Petersburg. Russia’s largest port, Ust Luga, is one of the building projects in the city area. There are around 80,000 residents within the catchment area of the store now opened.

According to Kari Heiskanen, Kesko Food’s Country Director for Russia, the economic situation in Russia has not had a significant impact on the operations of the K-ruoka stores.

– Our concept has proved to be very competitive. Customers value the concept that focuses on freshness, good quality and Finnish products. Based on the good experiences, we will continue the implementation of our strategy for Russia, while naturally carefully considering every new capital expenditure.

The next K-ruoka store now being built will open in June.
Further information is available from Kesko Food’s Country Director for Russia, Kari Heiskanen, tel. +7 812 331 7723.

Kesko (www.kesko.fi) is a highly valued listed trading sector company. It manages retail store chains that are valued by customers and efficiently produces services for retail store chains’ purchasing, logistics, network development and data management. Kesko operates in the grocery trade, the home improvement and speciality goods trade and the car and machine trade. Its division parent companies and chains act in close cooperation with retailer entrepreneurs and other partners. Kesko has about 2,000 stores engaged in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Russia and Belarus. Kesko and K-retailers form the K-Group, whose retail sales totalled around €11.3 billion (VAT 0%) in 2014. The K-Group employs around 45,000 people.

Besides Finland, Kesko seeks growth particularly in the Russian market. In addition to seven K-ruoka stores, Kesko has 13 K-rauta stores and 19 Intersport stores in Russia. In addition, Konekesko exports Yamarin boats to Russia.

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Wincor Nixdorf to operate Bancolombia’s 1,160 self-service systems in a three-year contract

Paderborn, Germany, 2015-6-1 — /EPR Retail News/ — Wincor Nixdorf has received a three-year contract from Bancolombia for the operation of its 1,160 self-service systems. The bank also ordered 800 ProCash 280 automated teller machines.

In addition to installation and maintenance, the service contract covers the complete management of the bank’s self-service device park. Wincor Nixdorf will assume responsibility for all support activities, including around-the-clock ATM monitoring, remote troubleshooting and problem resolution, and the distribution of all the software for the self-service network. This approach will enable the bank to reduce the need for technician call-outs and ensure that self-service system downtimes are shorter. The service model should also result in significant cost reductions for the bank, since the internal costs for its own IT service will be eliminated and license fees will no longer be required.

Critical factors in the award of the contract were ultimately the many years of trustful cooperation between both companies, Wincor Nixdorf’s good service in Colombia and its references in the area of self-service operations.

About Bancolombia
Bancolombia is the largest bank in Colombia and one of the largest in Latin America. The bank is headquartered in Medellín, the second largest city in Colombia and was founded in 1875. It offers a wide range of financial products and services to a diversified individual and corporate base of more than 9 million customers. For more information about Bancolombia visit their website: http://www.grupobancolombia.com

Dollar Tree, Inc. to divest 330 Family Dollar stores to Sycamore Partners

CHESAPEAKE, VA and NEW YORK, NY, 2015-6-1 — /EPR Retail News/ — Dollar Tree, Inc. (NASDAQ: DLTR), the nation’s leading operator of discount variety stores selling everything for $1 or less, and Sycamore Partners, a private equity firm specializing in consumer and retail investments, today announced that they have entered into a definitive agreement pursuant to which Dollar Tree will sell Sycamore Partners a divestiture package of 330 Family Dollar stores contingent on completion of Dollar Tree’s pending acquisition of Family Dollar Stores, Inc. (“Family Dollar”). As previously disclosed, the 330 stores represent approximately $45.5 million of operating income for Family Dollar. Sycamore Partners intends to operate the 330 stores under the Dollar Express banner.

“The divestiture presents Sycamore Partners with a unique opportunity to continue their track record of meaningful growth and successful retail investments,” stated Bob Sasser, Dollar Tree’s Chief Executive Officer.

“We look forward to drawing on our extensive experience with similar corporate carve-outs in acquiring and operating this attractive portfolio of 330 stores, which have an annual run-rate of approximately $500 million in sales,” said Peter Morrow, a Managing Director at Sycamore Partners. “We have a proven track record of retail success and an experienced leadership team. We are eager to better serve the needs of customers in these markets by providing an improved shopping experience.”

The divestiture announced today enables Dollar Tree to address Federal Trade Commission (“FTC”) concerns. Both the divestiture and the pending acquisition of Family Dollar remain subject to review by the FTC and satisfaction of other customary conditions. Dollar Tree continues to make progress with the FTC and intends to close the merger with Family Dollar in early July 2015 after securing FTC clearance.

Wachtell, Lipton, Rosen & Katz and Williams Mullen are acting as legal counsel to Dollar Tree in connection with the transaction. The Law Offices of Gary M. Holihan, P.C., Kirkland & Ellis LLP and Winston & Strawn LLP are acting as legal advisors to Sycamore Partners.

About Dollar Tree, Inc.
Dollar Tree, Inc., a Fortune 500 Company, operated 5,454 stores in 48 states and five Canadian Provinces as of May 2, 2015, with total retail selling square footage of 47.2 million. To learn more about the Company, visit www.DollarTree.com.

About Sycamore Partners
Sycamore Partners is a private equity firm based in New York specializing in consumer and retail investments. The firm has more than $3.5 billion in capital under management. The firm’s strategy is to partner with management teams to improve the operating profitability and strategic value of their businesses. The firm’s investment portfolio currently includes Aeropostale, Coldwater Creek, Hot Topic, the Kasper Group, Kurt Geiger, MGF Sourcing, Nine West Holdings, Pathlight Capital, Talbots, and Torrid.

Investors/Media Contacts:

Dollar Tree:
Randy Guiler
Dollar Tree, Inc.
(757) 321-5284

Sycamore Partners:
Michael Freitag, Sharon Stern or Leigh Parrish
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

Forward Looking Statements

Certain statements contained herein are “forward-looking statements” that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements and information about Dollar Tree’s current and future prospects and its operations and financial results are based on currently available information. Various risks, uncertainties and other factors could cause actual future results and financial performance to vary significantly from those anticipated in such statements. The forward looking statements contained herein include certain plans, activities or events which Dollar Tree expects will or may occur in the future and relate to, among other things, the business combination transaction involving Dollar Tree and Family Dollar, the consummation of the pending divestiture, the benefits, results, effects, timing and certainty of the pending transaction between Dollar Tree and Family Dollar, future financial and operating results of the divested stores, and expectations concerning the antitrust review process for the pending transactions.

Risks and uncertainties related to the pending acquisition of Family Dollar, the financing thereof and the pending divestiture include, among others: the risk that regulatory approvals required for the pending acquisition of Family Dollar and pending divestiture are not obtained or are not obtained on the proposed terms and schedule anticipated; the risk that the divestiture agreement with Sycamore Partners, which is subject to various conditions, does not close; the risk that the other conditions to the closing of the pending acquisition of Family Dollar are not satisfied or that the acquisition does not close; the risk that the financing required to fund the pending transactions is not obtained, or is obtained on terms other than those previously disclosed; costs and difficulties related to the integration of Family Dollar’s business and operations with Dollar Tree’s business and operations and the divestiture; the inability to obtain, or delays in obtaining, the cost savings and synergies contemplated by the pending acquisition of Family Dollar; and the outcome of pending or potential litigation or governmental investigations. Consequently, all of the forward-looking statements made by Dollar Tree, in this and in other documents or statements are qualified by factors, risks and uncertainties, including, but not limited to, those set forth under the headings titled “A Warning About Forward-Looking Statements” and “Risk Factors” in Dollar Tree’s Annual Report on Form 10-K for the fiscal year ended January 31, 2015 and Dollar Tree’s Quarterly Report on Form 10-Q for the quarter ended May 2, 2015, and other reports filed by Dollar Tree with the SEC, which are available at the SEC’s website http://www.sec.gov.

Please read Dollar Tree’s “Risk Factors” and other cautionary statements contained in its filings. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Dollar Tree undertakes no obligation to update or revise any forward-looking statements, even if experience or future changes make it clear that projected results expressed or implied in such statements will not be realized, except as may be required by law. As a result of these risks and others, actual results could vary significantly from those anticipated herein, and Dollar Tree’s financial condition and results of operations could be materially adversely affected.