NRF’s Survey: After spending more on school supplies and electronics in 2014 families trim Back-to-School Spending for 2015

Average Spending on Back to School Has Grown 42 Percent in Past 10 Years 

WASHINGTON, 2015-7-15 — /EPR Retail News/ — After spending more on school supplies and electronics in 2014, parents this year will head into the back-to-school season evaluating what their children really need before spending on new items. According to NRF’s Back-to-School Spending Survey conducted by Prosper Insights & Analytics, the average family with children in grades K-12 plans to spend $630.36 on electronics, apparel and other school needs, down from $669.28 last year. Total spending is expected to reach $24.9 billion. Additionally, indicating the continued growth in the back-to-school arena, families on average have spent 42 percent more on school items over the past 10 years.

Total spending for K-12 and college is expected to reach $68 billion.*

Back-to-School 2015 Cheat Sheet from National Retail Federation

Regardless of the slight decrease, survey results point to a more confident consumer when it comes to spending and the impact of the economy. The survey found 76.4 percent of families with school-age children say they will change their spending because of the economy, the lowest in the seven years NRF has been tracking it, and down from 81.1 percent last year.

“As seen over the last 13 years, spending on ‘back to school’ has consistently fluctuated based on children’s needs each year, and it’s unlikely most families would need to restock and replenish apparel, electronics and supplies every year,” said NRF President and CEO Matthew Shay. “Parents this summer will inventory their children’s school supplies and decide what is needed and what can be reused, which just makes good budgeting sense for families with growing children.”

“Heading into the second half of the year, we are optimistic that economic growth and consumer spending will improve after a shaky first half of the year,” said Shay.

As Economy Improves, Impact on Spending Lessen

Solid growth in job creation and consumer confidence have greatly contributed to the economic recovery, which could be positively impacting how families shop for school items this year. The survey found 40.6 percent of those who say the economy is impacting their spending plans will look for sales more often, down from the 46.2 percent last year and the lowest since NRF began tracking this in 2009. Additionally, 29.8 percent will buy more generic or store brand products, down from 34 percent last year and another survey low.

For those who have to restock what their children need for school, 92.7 percent will purchase new apparel, spending an average of $217.82, though most (94.1 percent) will head out for new school supplies, spending an average of $97.74; families will also spend $117.56 on new shoes.

In 2014, 58.3 percent of parents said they would buy electronics for their school-age children, and planned to spend an average of $212.35 — one of the highest amounts seen in the survey’s history. Having less of a need for electronics this year, however, families said they would decrease their spending on gadgets for their children and will spend an average of $197.24.

BTS-BTC-Combined-Average-Spending

Source: 2015 NRF Back to School/College Spending Survey conducted by Prosper Insights & Analytics.

More families with children in grades K-12 are opting to wait before rushing out to shop. According to the survey, 19.6 percent will shop at least two months before school, down from 22.5 percent last year. Starting a little later this year, two in five (42.8 percent) will shop at least three weeks to one month before school, down slightly from 44.5 percent last year. More families (30.3 percent) will shop one to two weeks before school, up from 25.4 percent last year.When asked why they begin shopping for back to school at least two months out, 64.9 percent said they shop early to spread out their budgets, and half (51.1 percent) do so to avoid crowds associated with school shopping. Other popular reasons include not wanting to miss out on popular merchandise (21.5 percent) and prices and promotions being too good to pass up (45.3 percent).Planning to shop around for their school merchandise, families will head to their local department (56.4 percent), discount (62.2 percent), clothing (53.5 percent), electronics (22.4 percent) and office supply stores (35.9 percent). And slightly more than one-third (35.6 percent) of those looking for school items will shop online.

For the first time, NRF asked about shoppers’ intentions to use retailers’ omnichannel offerings; of those planning to shop online, nearly half (48.4 percent) say they will take advantage of retailers’ buy online, pick up in store or ship to store options, and 17.3 percent will look for expedited shipping offers. Nine in 10 (92.1 percent) will take advantage of retailers’ free shipping offers.

“Savvy and budget-conscious parents today have plenty of experience when it comes to looking around for great deals and value-add promotions, and it seems mom and dad will use that to their advantage this summer to take advantage of retailers’ omnichannel services,” said Prosper’s Principal Analyst Pam Goodfellow. “To ease hectic schedules and long shopping lists, it’s likely that we’ll continue to see consumers try out and regularly use services like free shipping, reserve online and even same-day delivery — options busy parents have been waiting for.”

Broken out by age, Millennials are much more likely to use these channels: Two-thirds of 18-24- and 25-34-year-olds will use a buy online, pick up in store or ship to store option (65.7 percent and 65 percent respectively), and 15.4 percent of 25-34-year-olds will use a reserve online option, much higher than the 9.1 percent of average adults who plan to do so. Additionally, 23 percent of 18-24-year-olds will use same-day delivery, significantly more than the 10.2 percent of average adults.

Three-quarters Say Half of What they Buy for School is Influenced by Children

Fashion-forward teens and tweens know just how to get mom and dad’s attention when it comes to new school gear to make their friends stop and stare. According to the survey, 86.4 percent of school shoppers say their children will influence one-quarter or more of their back-to-school purchases. And for the smaller purchases, children plan to chip in some of their own money; teens will dole out $33.27, and pre-teens will spend an average $17.57.

LIKE THEIR YOUNGER COUNTERPARTS, COLLEGE SHOPPERS SPENDING LESS IN 2015

Trendy Millennials Drive Dorm Furnishing Spending Up 30 Percent in 2015

As seen in NRF’s Back-to-School Survey, college shoppers and their families will also spend slightly less this year after investing in electronics and supplies in 2014. According to NRF’s 2015 Back-to-College Spending Survey, families with children in college and college students will spend an average of $899.18, down slightly from $916.48 last year. Total spending is expected to reach $43.1 billion.*

Combined spending for school and college will reach $68 billion.

“As we see with back-to-school spending, there are also seasonal shifts in the college arena as well, and it’s important to remember that spending on school and college is not indicative of future spending trends, especially the holiday season,” said Shay. “That said, we’re still seeing a very confident college shopper. We fully expect families to take advantage of retailers’ unique promotions on home furnishing items, apparel and even electronics, while still reusing what they can in good frugal fashion.”

After spending significantly more on electronics last year, the average person shopping for electronics will spend $207.27, down from $243.79. Families with college students and students themselves will spend $136.95 on apparel, $117.98 on food items to stock their dorms and apartments, $66.70 on school supplies, $72.79 on shoes and $78.02 on personal care items.

Trendy Millennials have changed how they view the décor needs for their traditionally less-than-appealing dorm rooms, and this year spending on matching bed sets, curtains, bath linens and other home goods will top any previous year. According to the survey, half (51.3 percent) of college shoppers will purchase dorm or apartment furnishings and will spend an average $126.30, up 30 percent from $96.70 last year and the most since NRF began tracking it in 2007.

Mirroring the growth in spending on dorm furnishings, more college students are planning to live in a dorm room or college housing. According to the survey, 31.3 percent will live in a dorm or college housing, up from 23.9 percent last year. Additionally, 21 percent will live in off-campus housing and 41.5 percent will live at home, down from 46.8 percent last year.

About the survey

NRF’s 2015 Back-to-School and Back-to-College spending Surveys were designed to gauge consumer behavior and shopping trends related to back-to-school spending and back-to-college spending. The surveys were conducted for NRF by Prosper Insights & Analytics. The poll of 6,500 consumers was conducted June 30-July 8, 2015.The consumer polls have a margin of error of plus or minus 1.2 percentage points.

Prosper Insights & Analytics delivers executives timely, consumer-centric insights from multiple sources. As a comprehensive resource of information, Prosper represents the voice of the consumer and provides knowledge to marketers regarding consumer views on the economy, personal finance, retail, lifestyle, media and domestic and world issues. www.ProsperDiscovery.com

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities, and the critical role that retail plays in driving innovation. NRF.com

* The total spending figure is an extrapolation of U.S. adults 18 and older.

Kathy Grannis Allen

(202) 783-7971
press@nrf.com
(855) NRF-Press

NACS: Consumer optimism about the economy slumped 5% points over the past month

ALEXANDRIA, VA, 2015-7-15 — /EPR Retail News/ — Consumer optimism about the economy slumped five percentage points over the past month and a minority (47%) of Americans are now optimistic about the economy, according to a survey of U.S. fuel consumers conducted on behalf of the National Association of Convenience Stores (NACS) by Penn, Schoen and Berland.

The numbers are somewhat surprising because traditionally summer is when optimism grows. Last July, optimism surged 7 percentage points to 46% at a time when gas prices were 80 cents per gallon higher than they are today.

The decline in consumer optimism may be cause for concern among retailers. More than one in four consumers (26%) say they will reduce spending on items besides gasoline this month. That is the highest reading the NACS monthly survey has recorded since the question was added in September 2014.

While a majority (57%) of younger consumers, those ages 18-34, remain optimistic about the economy, they also indicate that they may curtail spending, with 25% saying that they will spend less this month.

Gas prices increased 4 cents this month, with consumers reporting a median price of $2.79 per gallon; gas prices have remained below $3.00 since November 2014. Because of the relatively low prices, less than three in ten (28%) consumers say gas prices have a “great impact” on their feelings on the economy, compared with two in five (41%) who said so in July 2014 when gas prices were $3.65 per gallon.

Consumers also say that they would cut back on driving if gas prices climbed to $3.65 per gallon — ironically the average price per gallon last July. At that time, consumers said they would reduce their driving if prices climbed to $4.19 per gallon.

“While gas prices remain relatively low, we may be seeing consumer frustration because prices aren’t falling over the summer months. Add to the mix consumers saying they will change behavior — and feel pain — at lower price points, and we may see pessimism linger, which could affect third-quarter sales,” said NACS Vice President of Strategic Industry Initiatives Jeff Lenard.

For the past three months, consumer sentiment has tracked miles per dollar, which calculates consumers’ reported fuel efficiency of their primary vehicle and the gas price in their market.

NACS, which represents the convenience store industry that sells 80% of the gas sold in the country, conducts the monthly consumer sentiment survey to gauge how gas prices affect broader economic trends. The NACS survey was conducted by Penn, Schoen and Berland Associates LLC; 1,101 gas consumers were surveyed July 1-6, 2015. Summary results are available at www.nacsonline.com/gasprices.

-###-

Founded in 1961 as the National Association of Convenience Stores, NACS (nacsonline.com) is the international association for convenience and fuel retailing. The U.S. convenience store industry, with more than 152,700 stores across the country, posted $696.1 billion in total sales in 2014, of which $482.6 billion were motor fuels sales. NACS has 2,100 retail and 1,600 supplier member companies, which do business in nearly 50 countries.

Associated Food Stores celebrates 75 years and is committed to strengthening the grocery experience for independent retailers

Local Wholesaler Has Served Independent Retailers since 1940

Salt Lake City, Utah, 2015-7-15 — /EPR Retail News/ — For Associated Food Stores 75 years is just the beginning. The Salt Lake City based grocery wholesaler recently celebrated the milestone anniversary and is committed to strengthening the grocery experience for independent retailers. The company supplies groceries and other goods to more than 400 independent retailers throughout the Intermountain West and continues to grow its membership with new stores and retailers each year.

Associated Food Stores was established in 1940 during a time when competition from large chain stores and unfair and inconsistent supplier costs drove many smaller grocers out of business. To fight the challenge, 34 independent Utah grocers joined together to create a warehouse that would enable them to survive the competitive nature of the grocery industry. They understood that the only way to survive was to combine their buying power and opened a warehouse that would allow them to benefit from lower costs while maintaining their independence. That same fighting spirit continues to drive Associated Food Stores 75 years later and has enabled the company to grow and serve retailers in Utah, Idaho, Montana, Colorado, Wyoming, Nevada, Arizona and Oregon.

Members of the grocery wholesaler benefit from more than just combined buying power. Member stores have access to store development, retail technology and marketing assistance among other resources through the company. Associated Food Stores entered into retail operations in 1999 and operates 42 stores under the Macey’s, Dan’s, Dick’s Market, Lin’s and Fresh Market banners. With more than 5,500 employees in their corporate offices, distribution center and retail stores, they are one of the largest employers in Utah.

The grocery wholesaler is committed to giving back to the communities they serve in more ways than simply supporting the “little guy.” AFS works to fight food insecurity with regular donations to Utah Food Bank and Catholic Community services. They also support American Heart Association, Muscular Dystrophy Association and United Way and many other local charities. As part of the 75th anniversary celebration, they worked with their vendors to donate 750 personal care kits to Volunteers of America Utah’s homeless youth unit.

“We have had an incredible past and look forward to a bright future filled with many more opportunities to serve our retailers and communities,” Said Neal Berube, President and CEO of Associated Food Stores.

For more information about Associated Food Stores, visit www.afstores.com.

###

Associated Food Stores is an independent retailer-owned warehouse based in Salt Lake City, Utah, which provides complete warehouse facilities and services to over 400 grocers throughout the Intermountain West. Visit www.afstores.com to learn more about Associated and the retailers they serve.

 

Target makes shopping for school supplies hassle-free with School List Assist

New resources and compelling promotions help families shop for must-have supplies and stylish apparel at prices they’ll love

MINNEAPOLIS, 2015-7-15 — /EPR Retail News/ — Target Corp. (NYSE: TGT) will make getting ready for back to school quick and easy for families this season. Guests preparing for a successful school year will find a new way to shop for school supplies for the first time online, easy-to-understand promotions and all the styles kids love. 

School List Assist

Target is offering families a new way to make shopping for school supplies hassle-free with School List Assist. The online hub, which is in beta, offers a curated assortment of the most common K-8 supplies on the list and a convenient new way for guests to find what they need.  Parents can purchase the school supplies their kids need and then pick them up in store or have them shipped to their homes.  

“When it comes to back-to-school shopping, we heard from our guests that shopping for ‘the list’ is a top priority but also the biggest challenge,” said Jason Goldberger, president Target.com and Mobile. “School List Assist makes it easy for guests to shop for all of their back-to-school supplies with just a few clicks – giving families more time to look for the exciting things like Target’s backpacks, lunch kits and first day of school outfits.”  

Ways to Save

This year, Target will time its promotions to more closely reflect how families shop for back to school. In addition, the promotions will be simple and straight-forward. Early in the season, supplies will be discounted through offers like BOGO 50 percent off supplies and BOGO 50 percent off favorite characters. Later in the season, promotions will focus on apparel, including 40 percent off all denim, 30 percent off all kids’ apparel and accessories and free shipping at Target.com. Target will also continue to offer additional ways to save every day through Cartwheel. REDcard holders always receive 5 percent off nearly all purchases at Target stores and Target.com, free shipping at Target.com and 30 extra days for returns.

Stylish Supplies and Fashion Finds

Parents and kids will find a broad assortment of supplies, gear, apparel and accessories to fit any kids’ unique sense of style. Top products and trends include:    

  • For young fashionistas, the new Stevies collection launches in all stores and online beginning the week of July 19. Stevies includes 30 exclusive girls’ styles, with prices from $21.99 to $36.99. Designer Stevie Madden, daughter of renowned footwear designer Steve Madden, is Target’s youngest design partner.
  • For stylish kids on the move, Target has a larger assortment of stretchy denim styles than ever before.
  • Target will continue to offer school uniform staples at an incredible value, including an assortment of polos, pants, shorts, scooters, jumpers and more.
  • For DIY enthusiasts, Target will offer a collection of supplies featuring kraft paper and bright neon colors that are perfect for personalization. With a wide variety of washi tape, oversized stickers, paint markers and contact paper, students can make notebooks and folders their own.
  • For kids who love movie and TV characters, Target has apparel, accessories, school supplies, backpacks and lunch kits with Minions, Star Wars, Avengers, Teenage Mutant Ninja Turtles, Frozenand more.
  • Philanthropic-minded students will love the new Yoobi X Usher collection, curated by Usher and designed by artist Jonni Cheatwood. Yoobi is a line of school supplies that gives back to classrooms in need in the U.S. with its “One for You, One for Me” giving model. 
  • For eco-minded students, Embark Backpacks use fabric made from 100 percent post-consumer plastic bottles—the material used for each backpack saves at least five water bottles from a landfill.
  • Other top trends in supplies this year include: 
    • Feminine, preppy designs like big florals, small hearts, and striped chevron in a palette of fresh, poppy colors
    • Boho-inspired patterns influenced by street art with a festival feel 
    • Sophisticated dark florals, animal prints, gold glitter and sparkle 
    • Eighties-inspired prints like camo and bold geometric designs

Reaching Parents and Kids with Social Media Influencers

Target’s back-to-school marketing campaign celebrates the excitement of going back to school. The campaign is full of energy and confidence and showcases new styles and products that kids want and parents know they need. Kids may also recognize popular online stars throughout the campaign such as: 

  • Maddie Ziegler, actor, model, and dancer, along with several other kid dancers, are featured in a denim commercial to highlight the style and comfort of the new assortment.
  •  EvanTube, the YouTube phenomenon who reviews toys on his family friendly YouTube channel, appears in another commercial. 

Giving Back, Easy as ABC

Music continues to be a defining element in Target’s advertising, and this campaign features a fresh rendition of the familiar song “ABC,” by singer-songwriter Tori Kelly whose debut album, “Unbreakable Smile,” is available at Target with two exclusive bonus tracks. Beginning July 21, fans can download the track for free at Target.com/BacktoSchool. For every download Target will donate five dollars of supplies to schools through the Kids In Need Foundation. Target will donate a total of up to $3.5 million in supplies, which equals 700,000 downloads. Once the goal has been reached, the song will be available to stream on Target.com/BackToSchool

About Target

Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,795 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

 

###

Target makes shopping for school supplies hassle-free with School List Assist

Target makes shopping for school supplies hassle-free with School List Assist

CBRE: U.S. commercial real estate market continued to exhibit strong momentum in the second quarter of 2015

  • Office Vacancy Rate at Lowest Point since Q3 2008
  • ​Industrial and Retail Sectors See Continued Improvement in Availability Rates

Los Angeles, 2015-7-15 — /EPR Retail News/ — The U.S. commercial real estate market continued to exhibit strong momentum across all property types in the second quarter of 2015 (Q2 2015), according to the latest analysis from CBRE Group, Inc.

During Q2 2015:

  • The office vacancy rate dropped 40 basis points (bps) to 13.5%, now at lowest point since Q3 2008 (13.2%).
  • In Q2 2015, the industrial availability* rate dropped 30 bps to 9.8%—matching the cyclical low achieved in Q4 2007.
  • The retail availability rate dropped 10 bps, ending the quarter at 11.4%.
  • Demand for the nation’s apartment buildings continued to grow with vacancy dropping to 4.3% in Q2 2015.

“The strong progress in the commercial market matched the continued steady improvement in the economy,” said Jeffrey Havsy, Americas Chief Economist for CBRE. “We remain bullish for the second half of 2015 as economic growth is expected to accelerate after a sluggish start to the year.”

Office Market
Q2 2015 was the 21st consecutive quarter without an increase in office vacancy rates since the end of the Great Recession. The office vacancy rate reached its lowest point since Q3 2008. Vacancy dropped to 13.5% with a decline of 40 bps and improvement remained broad-based across the U.S. office markets. The South and West regions saw the greatest improvement over the past four quarters, with notably strong performance in San Jose, Nashville, San Francisco, Richmond, Orange County and Austin. The nation’s lowest vacancy rates in Q2 2015 were in San Francisco (6.7%), Austin (8%), Nashville (8.4%), Pittsburgh (9%) and New York (9.1%).

“The U.S. office market was able to withstand economic headwinds during the first quarter and came back stronger than anticipated in the second quarter,” noted Mr. Havsy. “Economic fundamentals are pointing to a sustained U.S. office expansion in 2015, as companies are hiring workers at a robust pace, and investment in commercial real estate continues to show a positive trend.”

Industrial Market

The industrial availability rate dropped 30 bps from Q1, to 9.8%. The U.S. industrial real estate market has now seen flat or declining availability rates for 21 consecutive quarters, the longest stretch since CBRE began tracking the national market in 1989.

Lower industrial availability rates were widespread in Q2 2015. Markets of all sizes and in all regions posted lower availability rates during the quarter, paced by large markets, including Atlanta (-40 bps), Chicago (-40 bps), Los Angeles (-50 bps) and Riverside (-80 bps).

“The commercial real estate market showed broad based strength in the second quarter with significant declines in industrial vacancy rates,” said Mr. Havsy. “The need for new space is greater than it has been in nearly a decade. We expect the economy to continue to grow, aided by many tailwinds benefiting the industrial market including increased consumer spending and e-commerce and the continued resurgence of U.S. manufacturing aided by low energy costs.”

Retail Market
During Q2 2015, the retail availability rate dropped 10 bps from Q1 2015, and 40 bps from a year earlier, ending the quarter at 11.4%.  The rate is now 190 bps below its post-recession peak of 13.3%, representing a slow but ongoing decline. The greatest declines were posted by Louisville (-80 bps), Seattle (-40 bps), Salt Lake City (-120 bps) and Jacksonville (-40 bps). San Francisco recorded the lowest availability rate in Q2 2015 at 5.4%.

“The retail sector continued its slow and steady progress toward recovery with another 10 bps drop. A tightening labor market and continued low energy prices are expected to further support U.S. consumers, allowing for increased discretionary spending as the year continues,” said Mr. Havsy.

Apartment Market
Preliminary data shows that apartment demand continued to be strong in Q2 2015, with the multifamily housing vacancy rate declining to 4.3%, a 30 bps drop from a year earlier. This drop provides further evidence that the rental market continues to tighten along with the expanding U.S. economy. The market is very tight and apartment demand remains strong as the vacancy rate pushes closer to its 20-year vacancy low of 3.1% (Q3 2006).

Compared to a year earlier vacancy rates declined in 43 of the 62 markets, while rising in 15 and staying the same in four. The following markets experienced the greatest year-over-year declines (of 80 bps or more): Salt Lake City, Memphis, Richmond, Jacksonville, Las Vegas, Atlanta, Phoenix, Fort Worth, Orlando and Indianapolis.  Among those posting Q1 vacancy rates of 3.5% or lower were Providence, Newark, Hartford, Salt Lake City, Minneapolis, Miami, San Jose, New York and Sacramento.

With occupancy remaining high by historical standards, effective rent growth is expected to stay strong well into 2015. Although construction places downward pressure on rents, the market is tight enough to absorb this activity.

* Availability is space that is actively being marketed and available for tenant build-out within 12 months.

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:

Robert Mcgrath
Director, Sr
T +1 212 9848267
email

###

The Co-operative Food launches Apple Pay in all stores becoming the largest UK retailer to offer the newest payment technology

  • The convenience store launches the newest way to pay at all 11,800 till points
  • Shoppers predict the death of the wallet in 2020

MANCHESTER, UK, 2015-7-15 — /EPR Retail News/ — The Co-operative Food has today (14th July 2015) launched Apple Pay in all stores making them the largest UK retailer to offer the newest payment technology.

All shoppers with an iPhone 6/6 Plus or Apple Watch can now pay securely with their device at the till using the long-awaited payment system that uses the contactless technology already implemented in all Co-op Food stores.

The new payment system dubbed as the ‘future of retail’ has landed in the UK a year after its launch in the United States and further extends the ever growing capabilities of the smartphone.

Consumer research commissioned by the Co-op shows that shoppers predict the death of the wallet in 2020, as 65% believe their phone will be all they need to pay for daily goods. A further third of Brits surveyed admitted they thought that paying with their phone was safer than carrying a wallet.

Amanda Jennings, Marketing Communications Director The Co-operative Foods, says;

“As a convenience retailer, it’s important for us to be pioneers of quicker and easier payment methods so that our savvy shoppers have the best possible experience.

“We’ve already seen how contactless payments have become second nature to our customers, and the ease of Apple Pay is perfectly aligned with how we want our customer’s to shop – the £20 limit also suits our average shopper’s basket spend, so we welcome the new payment method.”

 

Additional Information:
– The Co-operative Food launched contactless payment in all stores in 2012
– With a store in every postal area, The Co-operative Food will be the largest UK retailer to offer Apple Pay
– The spending limit of £20 is due to increase to £30 in September 2015
Additional Information from Apple:

Security and privacy is at the core of Apple Pay. When you add a credit or debit card to Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorised with a one-time unique dynamic security code, instead of using the security code from the back of your card.

Apple Pay is easy to set up and users will continue to receive all of the rewards and benefits offered by their credit and debit cards. In stores, Apple Pay works with iPhone 6, iPhone 6 Plus and Apple Watch. When paying for goods and services within apps, Apple Pay is compatible with iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3.

For further information

Jennifer Long: Jennifer.long@co-operative.coop / 07714062036

###

The Co-operative Food launches Apple Pay in all stores becoming the largest UK retailer to offer the newest payment technology

The Co-operative Food launches Apple Pay in all stores becoming the largest UK retailer to offer the newest payment technology

QVC to open state-of-the-art distribution center in Ontario, California

New facility will create hundreds of local jobs

WEST CHESTER, PA., 2015-7-15 — /EPR Retail News/ — QVC, the world’s leading video and ecommerce retailer, announced today that it will open a state-of-the-art distribution center in Ontario, California. When the new facility begins operation in the third quarter of 2016, it will serve as a West Coast distribution hub for QVC.

As QVC ramps up operations, the center is expected to employ more than 500 team members by 2018. QVC anticipates hiring approximately 1,000 team members in total by 2020 as the distribution center expands fulfillment to all product categories.

“At QVC, distribution plays a significant role in enriching the customer service experience. For each and every product we ship, we look at it as an opportunity to build trust, loyalty and engagement with our customers,” said James Reid, vice president of distribution operations at QVC. “This new distribution center will enable us to efficiently and swiftly serve our customers throughout the Western United States.”

QVC’s current U.S. distribution centers are located in Suffolk, Virginia; Lancaster, Pennsylvania; Rocky Mount, North Carolina; and Florence, South Carolina. The existing distribution network has shipped more than 570,000 units in a single day.

“California Governor Jerry Brown, the County of San Bernardino, and the Ontario government and staff were instrumental in our decision to select this site,” added Reid. “QVC looks forward to working with local business and government officials, and becoming an active part of the Ontario community.”

The West Coast distribution center will be designed to accommodate approximately 20% of QVC’s total U.S. business, with plans to store and ship all product categories.

“We are honored that QVC chose California for the location of their new state-of-the art facility and look forward to continuing to help them expand in the Golden State,” said Mike Rossi, senior advisor for jobs and business development to Governor Jerry Brown. “QVC applied and was awarded a California Competes tax credit that has proven to be a valuable recruitment tool to attract global companies to California.”

Over the past 28 years, QVC has shipped more than 1.7 billion packages in the United States.

“I am excited to welcome QVC, the world’s leading video and e-commerce retailer, to the city of Ontario,” said Ontario Mayor Paul Leon. “The addition of QVC’s new West Coast distribution center furthers the council’s goal to invest in growth that will continue to drive the city’s economy.”

The new LEED-certified facility will utilize high efficiency systems for lighting, heating and cooling and will feature a 250 kW solar array on its rooftop. The West Coast distribution center will also lower the company’s use of trucking by more than 10 million miles annually, leading to a reduction of more than 35 million pounds of CO2 emissions per year.

# # #

About QVC
QVC, Inc., a wholly owned subsidiary of Liberty Interactive Corporation (NASDAQ: QVCA, QVCB), is the world’s leading video and ecommerce retailer. QVC is committed to providing its customers with thousands of the most innovative and contemporary beauty, fashion, jewelry and home products. Its programming is distributed to approximately 300 million homes worldwide through operations in the U.S., Japan, Germany, United Kingdom, Italy and a joint venture in China. Based in West Chester, Pa. and founded in 1986, QVC has evolved from a TV shopping company to a leading ecommerce and mobile commerce retailer. The company’s website, QVC.com, is ranked among the top general merchant Internet sites. QVC, Q, and the Q Ribbon Logo are registered service marks of ER Marks, Inc.