New World Wine Awards become one of New Zealand’s leading wine shows, with a record 1,332 entries this year

  • Year-on-year growth in entries has seen the New World Wine Awardsbecome one of New Zealand’s leading wine shows, with a record 1,332 entries this year.
  • At this scale, the independent judging panel of 13 wine experts will be required to blind-taste up to 120 wines each per day over three days from 3-5 August.

Auckland, New Zealand, 2015-8-6— /EPR Retail News/ — Chair of judges Jim Harré attributes this sustained growth to winemakers’ confidence in the integrity of the process, with wines judged using the same internationally-recognised points system as all other leading wine awards, and the benefits of these awards over others in terms of distribution and promotion of medal-winning wines.

This year’s guest international judge is Dr Rowald Hepp, director and head winemaker of Schloss Vollrads in the Rhine Valley of Germany, a castle and wine estate that has been making Riesling for over 800 years. He joins 12 local wine experts on the judging panel including chair of judges and wine industry personality Jim Harré, as well as Kate Radburnd, Barry Riwai, Dr Alastair Leggat, Jane Boyle, Olly Masters, Sam Kim, Simon Nunns, Jane Cooper, Sarah Burton, James Rowan and Jack Glover.

Also contributing to driving up the number of entries this year was a change to the minimum number of bottles available for sale to be eligible to enter, down from 6,000 to 5,000. There are further reductions to the minimum stockholding for lesser-known varietals such as some aromatics and dessert wines, which are typically made in smaller quantities.

“This gives consumers nationwide the chance to get to know some of the lesser-known varietals by trying medal-winning wines that have been judged by an independent panel of expert wine judges,” says Mr Harré.

As well as availability of wines being one of the key criteria for entry – hence the minimum stockholding requirement – the other unique feature of the New World Wine Awards is that affordability is also paramount. Wines entered must retail for $25 or less.

“More and more people are choosing to buy their wine at the supermarket at the same time as they stop and get what they need for dinner, so the New World Wine Awards takes the guess work out of choosing award winning wines at a great price,” says Mr Harré.

Sales of the New World Wine Awards medal-winning wines attest to consumer confidence in these awards. In the first six weeks of the 2014 results being announced in September, 282,000 bottles of the ‘Top 50’ wines with a retail value of $4.2 million flew off New World supermarket shelves.

The independent panel of wine experts will judge the wines entered in the awards from the 3-5 August at Te Papa Museum in Wellington, scoring each wine according to the internationally recognised 20- point system. The judges will award Gold, Silver and Bronze medals, with the best wines in each category re-tasted to determine the Champion wine of each varietal, plus the overall Champion Red and Champion White.

Eight associate judges selected from New World’s nationwide team of Liquor Managers will also join the judges. Their scores do not count towards the final marks, but they have the opportunity to provide their opinions on each wine and learn from the professional wine judges. This judging experience helps them enhance the way they select wines for the New World cellars, and assist customers with questions about wine.

Award-winning wines will be announced in September 2015.

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SM Investments Corporation reported consolidated net income of PHP13.5 billion for the January to June period, 10% increase over last year

Pasay City, Philippines, 2015-8-6— /EPR Retail News/ — SM Investments Corporation (SM) reported consolidated net income of PHP13.5 billion for the January to June period, an increase of 10% over last year. Excluding extraordinary items, recurring income grew by 13% during the first half of 2015.

Consolidated revenues were up 6% to PHP138.9 billion in the first half from P130.9 billion in the same period last year.

“Our core businesses continue to deliver good revenue and earnings growth. Earnings growth in Property is now in the mid teens, in line with our medium term goals. The Retail Group maintained its pace through organic growth and store expansion despite its already significant size and intense competition. Our focus on costs across the group resulted in improved operating margins. While we are pleased with the results so far, we are keeping our eyes on the challenges ahead,” SM President Harley T. Sy said.

Property led the growth, increasing its share of consolidated net income to 42%. This was followed by the banks with 38% and retail with 20%.

Property
SM Prime Holdings, Inc. registered consolidated net income of PHP18.7 billion, up 90% compared with PHP9.8 billion in the same period last year. Excluding one-time trading gains on the sale of marketable securities, recurring net income was up 15% to PHP11.2 billion year-on-year.

Consolidated revenues reached PHP35.9 billion, an increase of 8% from PHP33.3 billion in the same period last year. Rental revenues from retail and commercial spaces accounted for 54% of consolidated revenues and grew 10% in the period to PHP19.4 billion, driven by new malls, offices and the expansion of shopping spaces in existing malls in 2013 and 2014. Same store rental stood at 7%.

In the first half of 2015, SM Prime opened SM Megacenter Cabanatuan and SM City San Mateo bringing the total Philippine operating malls to 52 with a GFA of almost 6.6 million sqm.

For the rest of the year, SM Prime is set to open one mall in Metro Manila, SM Center Sangandaan in Caloocan, and two malls outside Metro Manila, namely SM City Cabanatuan in Nueva Ecija and SM Seaside City Cebu. The company is also expanding two existing malls, SM City Lipa in Batangas and SM City Iloilo.

The housing group, led by SM Development Corporation (SMDC), recorded a 3% increase in real estate sales to PHP12.3 billion. As a result, net income stood at PHP3.0 billion, up 8%. Growth in the residential segment was largely due to higher sales take-up and construction accomplishments of projects launched in 2010 to 2013.

Consolidated costs on real estate of the housing group improved to PHP6.7 billion from PHP6.8 billion mainly on improving cost efficiencies, tighter monitoring and control of construction costs since 2012. This boosted gross profit margin on real estate sales to 46% from 43% in the first half of 2015 and net income margin to 24% from 23% for the same period.

For 2015, SMDC will launch at least five new condominiums with about 12,000-15,000 units in total.

In the commercial office space, SM Prime recently launched SM Cyberwest in Quezon City and unveiled FiveE-comCenter at the MOA Complex which is already fully occupied.

For hotels and convention centers, Conrad Manila in the Mall of Asia Complex in Pasay and Park Inn by Radisson Clark in Pampanga are expected to open in the last quarter of 2015.

Banking
BDO Unibank, Inc. (BDO) recorded net income of PHP11.7 billion on the sustained growth in the bank’s lending and deposit-taking businesses, notable gains from fee-based and treasury activities and managed operating expenses.

Net interest income grew 10% in the six-month period to PHP27.1 billion. Customer loan portfolio grew 16% to PHP1.1 trillion while CASA deposits advanced 17%.

Further strengthening its platform to serve a fast growing market, BDO signed an agreement with Nomura Holdings, Inc. for a joint investment in PCIB Securities. The joint venture will initially provide online trading services for local stocks to individual investors and eventually expand its services to include cross-border investment opportunities to a broader range of investors. The transaction is still subject to relevant regulatory approvals.

BDO has also succesfully completed its acquisition of One Network Bank, the largest rural bank in Mindanao.

China Banking Corporation reported net income growth of 14% to PHP2.5 bilion for the first half, driven by strong growth in its core businesses.

Net interest income was up 9% to PHP7.4 billion on the back of higher loans volume and lower interest expense. Net loans expanded 10% year-on-year to P289.3 billion. The CASA to total deposits ratio stood at 51%.

Retail Operations
Retail operations under SM Retail reported sustained growth in total sales of 6% to PHP96.7 billion, while net income rose 13% to PHP3.1 billion.

SM’s food retail business continued to expand in both urban and rural communities, adding 20 new stores in various parts of Luzon, Visayas and Mindanao.

At end-June 2015, SM Retail had a total of 289 stores, comprising 51 THE SM STORES, 41 SM Supermarkets, 43 SM Hypermarkets, 127 Savemore stores and 27 WalterMart stores.

SM Retail is finalizing the acquisition of three stores of Cherry Foodarama located in Mandaluyong, Quezon City, and Antipolo.

Meanwhile, Alfamart has increased its number of stores to 50 as of end-June.

For its part, THE SM STORE opened its 51st store in San Mateo Rizal. As of the first half, the total gross selling area of all 51 SM STOREs stood at over 683,000 sqm.

International retail chain Crate & Barrel, specializing in houseware and furniture, opened its flagship store at THE SM STORE Annex in Makati in July. Spanning 2,800 sqm, the new store is one of the largest in the Philippines after its stores in Mega Fashion Hall at SM Megamall in Mandaluyong City and in SM Aura in Taguig.

Balance Sheet
As of end-June 2015, total assets of SM grew 7% to PHP721 billion. SM maintains a healthy balance sheet with a conservative gearing ratio of 38% net debt to 62% equity.

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About SM Investments Corporation
SM Investments Corporation (SM) is one of the leading conglomerates in the Philippines with highly synergistic businesses in retail, banking and property development. SM has evolved into one of the most highly respected companies in the country owing to its progressive approach in business and its comprehensive sustainability programs for its host communities through SM Foundation and SM Cares.

SM’s retail operations enjoy a strong brand franchise consisting of THE SM STORE and its food retail chains namely SM Supermarket, SM Hypermarket, Savemore and WalterMart stores. SM’s property arm, SM Prime Holdings, Inc., is among the largest integrated property developers in the Philippines with interests in mall, residential, commercial and tourism development. SM’s interests in banking are in BDO Unibank, Inc. (BDO), the country’s largest and in China Banking Corporation (China Bank), the fifth largest private bank. Combined, these two banks have a network of over 1,000 branches nationwide.

For further information, please contact:

Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
E-mail: cora.guidote@sminvestments.com
Tel. No. (632) 857-0117
www.sminvestments.com

Taubman partners with Life Remodeled to help beautify areas at Detroit’s northeast side; donated $50,000 to pay for new technology and equipment for the Osborn High School library

Employee volunteers to beautify Osborn neighborhood and $50K donation will fund the new technology and equipment for Osborn High School’s iLab

BLOOMFIELD HILLS, Mich., 2015-8-6— /EPR Retail News/ — Detroit’s Osborn neighborhood today received a helping hand from Taubman employees as part of the company’s second annual Volunteer Day. Taubman again joined forces with Life Remodeled to help remove blight and beautify areas near Osborn High School on Detroit’s northeast side. Taubman also donated $50,000 to pay for new information technology and audio visual equipment for the Osborn High School library, including computers, tablets, 3D printers, webcams and supplies.

Life Remodeled is a Detroit-based nonprofit focused on rehabilitating Detroit schools and neighborhoods. This year’s $5 million annual project began Monday and continues through Saturday, August 8, with a community celebration on Sunday. The focus is on Osborn High, Pulaski Elementary-Middle School and 4.5 square miles of the Osborn community.

“Taubman employees are incredibly passionate about helping the Osborn High School students and neighboring community,” said Chief Operating Officer William S. Taubman. “Every act of kindness counts, and our work to create safe passageways for students to go to school, and our donation to provide modern technology and equipment for learning, underscores our dedication to giving back.”

Nearly 200 employees from Taubman’s corporate headquarters, Twelve Oaks Mall and Great Lakes Crossing Outlets worked alongside Detroit residents and volunteers from General Motors, Quicken Loans, Cunningham Limp Construction, BASF and others.

“The generosity of Taubman’s gift to create better learning opportunities for Osborn High students is the kind of thing that will sustain the hope and gains that Osborn has made in raising graduation rates over the recent years,” said Life Remodeled CEO Chris Lambert. “Sustainability of a neighborhood comes in part from a quality educational experience for the children who live there.”

In 2014, more than 10,000 volunteers from Taubman and other businesses, schools and community organizations completed major renovation projects at Cody High School and beautified 303 surrounding blocks in Cody Rouge in northwest Detroit. Cash donations and in-kind contributions led to major roof repairs, a new $1.2 million synthetic football field, a state-of-the-art medical simulation lab and other projects.

ABOUT LIFE REMODELED
Life Remodeled is a Detroit non-profit with a mission of remodel lives one Detroit neighborhood at a time. Founded in 2011, Life Remodeled has overseen volunteer makeover projects in several Detroit neighborhoods. In 2014, the organization partnered with the Detroit Public Schools to focus on a high school and neighborhood with significant need and radical hope, applying millions of dollars in cash and in-kind donations to the target school and neighborhood each summer.

ABOUT TAUBMAN
Taubman Centers, Inc. (NYSE: TCO) is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 22 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Taubman is currently developing four properties in the U.S. and Asia totaling 4.1 million square feet. Taubman, with more than 60 years of experience in the shopping center industry, is headquartered in Bloomfield Hills, Mich., and Taubman Asia is headquartered in Hong Kong. www.taubman.com.

CONTACTS:
Maria Mainville
Director, Taubman Strategic Communications
248-258-7469
mmainville@taubman.com

Amy Grundman
Taubman Strategic Communications
248-258-7681
agrundman@taubman.com

Alan Adler
Life Remodeled
313-319-8486
alan@liferemodeled.com

Pennsylvania Real Estate Investment Trust completes the sale of Uniontown Mall in Uniontown, PA for $23.0 million

Sale marks the 7th non-core mall sold by PREIT

PHILADELPHIA, PA, 2015-8-6— /EPR Retail News/ — Pennsylvania Real Estate Investment Trust (NYSE: PEI) announced today that it has completed the sale of Uniontown Mall in Uniontown, PA for $23.0 million.  The buyer also separately acquired the fee interest in the ground underlying the mall from an unaffiliated party. The completion of the sale represents continued progress on the Company’s commitment to elevating its portfolio by allocating capital toward high-quality enclosed malls.

Uniontown Mall is located in Uniontown, PA and is anchored by JC Penney, Sears, Bon-Ton, Burlington Coat Factory and Teletech Customer Care.  Comparable sales per square foot as of June 30, 2015 were $282compared to PREIT’s portfolio average of $418.

“Finalizing this transaction is another step in PREIT’s transformation,” said Joseph F. Coradino, CEO of PREIT. “Our transformed platform, which we anticipate will generate sales exceeding $450 per square foot, is expected to provide earnings stability and meaningful organic growth.”

About PREIT
PREIT is a real estate investment trust specializing in the ownership and management of differentiated retail shopping malls designed to fit the dynamic communities they serve.  Founded in 1960 as Pennsylvania Real Estate Investment Trust, the Company owns and operates over 27 million square feet of space in properties in 12 states in the eastern half of the United States with concentration in the Mid-Atlantic region and Greater Philadelphia.  PREIT is headquartered in Philadelphia, Pennsylvania, and is publicly traded on the NYSE under the symbol PEI.  Information about the Company can be found at preit.com or on Twitter or LinkedIn.

Forward Looking Statements
This press release, together with other statements and information publicly disseminated by us, contain certain “forward-looking statements” within the meaning of the federal  securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans, strategies, anticipated events, trends and other matters that are not historical facts. These forward-looking statements reflect our current views about future events, achievements or results and are subject to risks, uncertainties and changes in circumstances that might cause future events, achievements or results to differ materially from those expressed or implied by the forward-looking statements. In particular, our business might be materially and adversely affected by uncertainties affecting real estate businesses generally as well as the following, among other factors: our substantial debt and stated value of preferred shares and our high leverage ratio; constraining leverage, unencumbered debt yield, interest and tangible net worth covenants under our 2013 Revolving Facility and our Term Loans; potential losses on impairment of certain long-lived assets, such as real estate, or of intangible assets, such as goodwill, including such losses that we might be required to record in connection with any dispositions of assets; changes in the retail industry, including consolidation and store closings, particularly among anchor tenants; our ability to sell properties that we seek to dispose of or our ability to obtain estimated sale prices; the effects of online shopping and other uses of technology on our retail tenants; risks relating to development and redevelopment activities; current economic conditions and the state of employment growth and consumer confidence and spending, and the corresponding effects on tenant business performance, prospects, solvency and leasing decisions and on our cash flows, and the value and potential impairment of our properties; our ability to refinance our existing indebtedness when it matures, on favorable terms or at all; our ability to raise capital, including through the issuance of equity or equity-related securities if market conditions are favorable, through joint ventures or other partnerships, through sales of properties or interests in properties, or through other actions; our ability to identify and execute on suitable acquisition opportunities and to integrate acquired properties into our portfolio; our partnerships and joint ventures with third parties to acquire or develop properties; our short and long-term liquidity position; general economic, financial and political conditions, including credit and capital market conditions, changes in interest rates or unemployment; our ability to maintain and increase property occupancy, sales and rental rates, in light of the relatively high number of leases that have expired or are expiring in the next two years; acts of violence at malls, including our properties, or at other similar spaces, and the potential effect on traffic and sales; changes to our corporate management team and any resulting modifications to our business strategies; increases in operating costs that cannot be passed on to tenants; concentration of our properties in the Mid-Atlantic region; changes in local market conditions, such as the supply of or demand for retail space, or other competitive factors; and potential dilution from any capital raising transactions or other equity issuances.  Additional factors that might cause future events, achievements or results to differ materially from those expressed or implied by our forward-looking statements include those discussed in our Annual Report on Form 10-K for the year ended December 31, 2014 in the section entitled “Item 1A. Risk Factors.” We do not intend to update or revise any forward-looking statements to reflect new information, future events or otherwise.

CONTACTS:
Robert McCadden
EVP & CFO
(215) 875-0735

Heather Crowell
VP, Corporate Communications and Investor Relations
(215) 454-1241
crowellh@preit.com

PREIT announces new lease with Whole Foods Market to open at Exton Square Mall in Exton, PA

Addition will provide an extraordinary shopping experience

PHILADELPHIA, PA, 2015-8-6— /EPR Retail News/ — PREIT (NYSE: PEI) announced a new lease with Whole Foods Market to open at Exton Square Mall in Exton, PA.

The 55,000-square foot store will complement the plans to redevelop the property, bringing a unique and engaging shopping experience this part of Chester County. Located on a site consisting of approximately 10 acres along Route 100, customers will gain improved access to the new addition as the existing mall, which will be remerchandised.

“The redevelopment of Exton Square Mall, with Whole Foods Market as a catalyst, will draw other distinctive and high quality retailers, restaurants and entertainment venues,” said Joseph Coradino, CEO of PREIT. “This project will better serve the region’s customers by offering a new experience and differentiated environment.”

Whole Foods Market currently has 424 stores worldwide, with 46 in the Mid-Atlantic region. As a leading natural and organic foods grocer, the company is committed to transparency and maintaining the industry’s highest quality standards, which don’t allow artificial flavors, colors, sweeteners, preservatives or hydrogenated fats in any of the food it sells.

“Satisfying, delighting and nourishing customers is a core value of Whole Foods Market, and this Exton location will provide us with yet another opportunity to do just that in the greater Philadelphia area,” said Whole Foods Market Regional President Scott Allshouse. “We strive to provide the highest quality products and handcrafted food and drink, including locally-grown and made items, as we live up to the name ‘America’s Healthiest Grocery Store.'”

About PREIT
PREIT is a real estate investment trust specializing in the ownership and management of differentiated retail shopping malls designed to fit the dynamic communities they serve. Founded in 1960 as Pennsylvania Real Estate Investment Trust, the Company owns and operates approximately 28 million square feet of space in properties in 12 states in the eastern half of the United States with concentration in the Mid-Atlantic region and Greater Philadelphia. PREIT is headquartered in Philadelphia, Pennsylvania, and is publicly traded on the NYSE under the symbol PEI. Information about the Company can be found at preit.com or on Twitter or LinkedIn.

About Whole Foods Market®
Founded in 1980 in Austin, Texas, Whole Foods Market (wholefoodsmarket.com), is the leading natural and organic food retailer. As America’s first national certified organic grocer, Whole Foods Market was named “America’s Healthiest Grocery Store” by Health magazine. The company’s motto, “Whole Foods, Whole People, Whole Planet”™ captures its mission to ensure customer satisfaction and health, Team Member excellence and happiness, enhanced shareholder value, community support and environmental improvement. Thanks to the company’s more than 88,000 team members, Whole Foods Market has been ranked as one of the “100 Best Companies to Work For” in America by FORTUNE magazine for 17 consecutive years. In fiscal year 2014, the company had sales of more than $14 billion and currently has more than 405 stores in the United States, Canadaand the United Kingdom.

CONTACT:
Heather Crowell
VP, Corporate Communications and Investor Relations
(215) 454-1241
crowellh@preit.com

Wincor Nixdorf gears up for more expansive Software business in Brazil and will work with Perto in the Hardware sector

Paderborn, Germany, 2015-8-6— /EPR Retail News/ — Wincor Nixdorf, Europe’s leading supplier of IT solutions for banks and retailers, is gearing up for more expansive Software business in Brazil. At the same time, it plans to work in cooperation with Perto in the Hardware sector. On the basis of an agreement recently concluded between both parties, the Brazilian company will take on the task of final production of Wincor Nixdorf systems for customers in Brazil. Headquartered in Gravatai, Rio Grande do Sul, Perto specializes in automation technology and IT services for banks and retailers. “In working together, we will be able to improve substantially both our delivery times and our channels of supply for customers in Brazil,” said Eckard Heidloff, CEO & President of Wincor Nixdorf, on signing the cooperation agreement on August 3, 2015, in Gravatai.

Under the terms of this agreement, Perto’s manufacturing sites will handle the configuration and final production of Wincor Nixdorf ATMs destined for the Brazilian market. For this purpose, Wincor Nixdorf will supply all requisite core components and provide extensive technical support. At the same time, the German company will assure compliance with its quality standards. Additionally, the two companies intend to work in collaboration with one another in the field of ATM technology for the purpose of evolving Brazil’s banking branch operations in line with future requirements. To this end, Perto will source Wincor Nixdorf’s leading cash recycling technology on the basis of an OEM agreement and integrate it within its own systems. “The results of initial customer projects have shown that Brazilian banks are increasingly becoming more receptive to cash recycling, as it offers greater process efficiency and security,” said Thomas Elbling, CEO of Perto. “Perto’s level of integration and presence in Brazil, complemented by the cash recycling expertise of Wincor Nixdorf, is a winning combination when it comes to establishing a strong market position in this field,” Elbling continued.

Against the backdrop of efforts to achieve greater efficiency and security within ATM networks, Wincor Nixdorf has identified increasing demand for Software and Professional Services in Brazil. “Given the tremendous pressure on costs, we are seeing a global trend towards general standards in application software associated with ATMs, together with a departure from proprietary, bank-specific solutions,” said Eckard Heidloff. Wincor Nixdorf is committed to expanding its business significantly in Brazil when it comes to application software that can be installed on ATMs of various manufacturers (so-called multivendor software). According to studies conducted by independent British market research specialist Retail Banking Research (RBR; 2014), Wincor Nixdorf has already positioned itself as the outright market leader in this field in Latin America. In Brazil alone multivendor software is already installed on one in four of the approx. 160,000 ATMs deployed throughout the country. Another focal point of Wincor Nixdorf’s software business in Brazil – covered by the company’s office in Sao Paulo – is the aspect of security.

About Perto
Perto develops technology products and services for banks and retailers. The company headquarters are located in Gravataí, near the city of Porto Alegre in southern Brazil. Engineering, production, and sales are housed in modern facilities totaling 44,000 square meters. Perto has its own sales and service centers in 22 major Brazilian cities and a certified network of authorized business partners and service providers that cover all the countries to which it exports.

Perto is active in the segments of banking automation, self-service terminals, and payment systems, in addition to supplying cash dispensing mechanisms and depository mechanisms on an OEM basis.

About Wincor Nixdorf
Wincor Nixdorf is acknowledged as one of the world’s leading providers of IT solutions and services for retail banks and retailers. The company’s extensive portfolio is aimed at optimizing business processes relating to bank branches and retail stores. Ultimately, the objective is to streamline costs, reduce complexity, and improve the level of service for end customers.

Wincor Nixdorf has also been drawing on its expertise from its core business with banks and retail companies to expand into related markets. These include postal companies and service station operators.

Wincor Nixdorf has established a market presence in more than 130 countries worldwide, 42 of which are served by its own subsidiaries. In total, the Group employs around 9,000 people.

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Wincor Nixdorf named “Top Supplier Retail” for 2015 by the EHI Retail Institute in Cologne

EHI Retail Institute award

Paderborn, Germany, 2015-8-6— /EPR Retail News/ — The “Top Supplier Retail” award was conferred this year by the EHI Retail Institute in Cologne for the first time.

This new award honors the entire range of excellent services and solutions that an IT partner makes available to retail businesses. Wincor Nixdorf was named a “Top Supplier Retail” in this very first year of the award, and EHI Managing Director Michael Gerling presented Wincor Nixdorf with the certificate recently at the company’s headquarters in Paderborn.

Thomas Fell, who is a member of the Executive Board of Wincor Nixdorf and is responsible for its worldwide IT business with retail companies, noted: “We are very pleased to receive this award and view it as a confirmation of our work to date. At the same time, it represents a challenge to continue providing retail businesses around the world with innovative, intelligent, useful solutions for streamlining business processes and optimizing customer service concepts.”

The “Top Supplier Retail” award distinguishes those IT service providers who have excelled at the “retail technology awards europe”.

These awards have been made by the EHI for eight years now for outstanding IT projects in the retail sector. In February 2015, two projects were honored for which Wincor Nixdorf is the IT partner of the prizewinning retail company. The prize for “Best Multichannel Solution” went to the French fashion retailer Kiabi. As Kiabi’s IT partner in a comprehensive multichannel project, Wincor Nixdorf installed a modern store software at approximately 3,200 Kiabi checkout stations that integrates the online and offline worlds. The prize in the “Best Enterprise Solution” category went to Lunar GmbH, the IT subsidiary of Edeka, Germany’s largest food retailer. Wincor Nixdorf developed a checkout simulation pool for Lunar that analyzes checkout processes in detail on the basis of genuine POS data.

Press Contact

Press/Financial Press

Andreas Bruck
Head of Corporate Communications
Phone: +49 5251 693 5200
E-Mail: andreas.bruck@wincor-nixdorf.com

Press/Trade Press

Dr. Thomas Daubenbüchel
Head of Press and Editorial Office
Phone: +49 5251 693 5212
E-Mail: thomas.daubenbuechel@wincor-nixdorf.com
Ulrich Nolte
Phone: +49 5251 693 5211
E-Mail: ulrich.nolte@wincor-nixdorf.com

Trade Press

Claudia Wendorff-Goerge
Phone: +49 5251 693 5203
E-Mail: claudia.wendorff-goerge@wincor-nixdorf.com

Morrisons announces the appointment of Clare Grainger as Group HR Director

Bradford, England, 2015-8-6— /EPR Retail News/ — Clare has nearly 25 years of experience in HR and management, mostly in the retail sector with Morrisons and before that Asda. Most recently she has been Morrisons’ interim Group Retail Director and has been leading the stores business through a number of measures to improve the customer shopping trip, such as the recruitment of 5,000 new staff.

She will take up her new role in early September.

Morrisons has now made three new appointments to its Executive Committee. Darren Blackhurst joined Morrisons last month as Commercial Director from B&Q. He will head the company’s Trading and Manufacturing functions.

Gary Mills joined Morrisons last week as Group Retail Director, having previously worked for Stewarts Supermarkets and Tesco.

David Potts, Morrisons CEO, said: “Clare is a hard-working and talented director who passionately represents our people at every level. She has done a great job of leading our stores and now her focus will move to ensuring we grow, develop and attract the best talent to support our turnaround.”

Media contact

For all media enquiries call
0845 611 5111
Available 24 hours

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7‑Eleven celebrates 20th anniversary of its Operation Chill® incentive program for youngsters

7‑Eleven® Celebrates a Generation of Good Will with Operation Chill®

DALLAS, 2015-8-6— /EPR Retail News/ — 7‑Eleven, Inc.celebrates a generation of good behavior this year with the 20th anniversary of its Operation Chill® incentive program for youngsters. For two decades, U.S. police officers have been “ticketing” kids they catch doing good with Operation Chill FREE Slurpee® drink coupons. Many of those kids are adults now, and may even have children of their own who are eligible to receive a frozen beverage treat, compliments of 7‑Eleven® stores.

Through Operation Chill®, officers from participating local police and sheriff departments can hand out the special free Slurpee® citations during the summer and back-to-school season to youngsters caught in the act of doing good. Appropriate “offenses” might include helping another person, deterring crime or participating in a positive activity in the community. Each coupon can be redeemed for a small Slurpee drink at participating 7‑Eleven stores.

This year, 7‑Eleven will distribute up to 1.25 million Operation Chill coupons to approximately 885 local law enforcement agencies. Since the program’s inception in 1995, nearly 14 million coupons have been given to law enforcement agencies across the country where 7‑Eleven operates stores to award to kids in their communities.

“I don’t know who likes the Operation Chill program more, police officers or kids,” said Mark Stinde, 7‑Eleven’s asset protection vice president. “Police officers have told us they love to approach kids and surprise them with a Slurpee coupon, just for being good citizens.”

Operation Chill was developed by 7‑Eleven to reward and encourage good behavior by kids during the hot, summer months when communities often experience a rise in loitering, shoplifting and graffiti and to support law enforcement agencies’ community relations projects. Begun in Philadelphia to give local officers a positive reason to interact with children and teens, police not only use the Operation Chill program to reward youth for their good deeds, but also to enhance their relations with the young people of their city.

“For 20 years, Operation Chill has been rewarding kids for their good behavior being positive role models,” said Nancy Lear, 7‑Eleven senior manager of Corporate Social Responsibility and Community Relations. “Kids especially need to be recognized when they’re caught making the right or a good decision, not just when they mess up. Every year, more law enforcement agencies learn how Operation Chill helps community policing and interaction with their youngest citizens and have signed up. We hope they and 7‑Eleven can reach new generations with this frozen treat for years to come.”

Cities participating in this year’s program include: Los Angeles, New York, Chicago, San Diego, San Francisco, Orlando, Tampa, Dallas, Denver and Las Vegas.

7‑Eleven’s proprietary Slurpee semi-frozen carbonated beverage has generational appeal with slurpers both young and old. Approximately 750,000 Slurpee drinks are purchased each day during the summer at 7‑Eleven stores across the country.

About 7‑Eleven, Inc.
7‑Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Based in Dallas, Texas, 7‑Eleven operates, franchises or licenses nearly 10,500 7‑Eleven® stores in North America. Globally, there are more than 56,200 7‑Eleven stores in 16 countries. 7‑Eleven has been honored by a number of companies and organizations recently. Accolades include:  #1 on Entrepreneur magazine’s 2014 Top Global Franchise list; #2 on Franchise Times Top 200 Franchise Companies for 2013; #10 spot on Entrepreneur magazine’s Franchise 500 list for 2015, and #3 in Forbes magazine’s Top 20 Franchises to Start. 7‑Eleven is No. 3 on Fast Company magazine’s 2013 list of the “World’s Top 10 Most Innovative Companies in Retail.” 7‑Eleven places among Top Veteran-Friendly Companies for 2014 by U.S. Veterans Magazine and is among GI Jobs magazine’s Top 100 Military Friendly Employers for 2014. Hispanic Magazine named 7‑Eleven among its Hispanic Corporate Top 100 Companies that provide the most opportunities to Hispanics. 7‑Eleven is franchising its stores in the U.S. and expanding through organic growth, acquisitions and its Business Conversion Program. Find out more online at www.7‑Eleven.com.

 

Contact:
Stephanie Shaw
7‑Eleven, Inc.
972-828-5837
Stephanie.Shaw@7-11.com

 

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7‑Eleven, Inc. celebrates the 20th anniversary of its Operation Chill® incentive program for youngsters. For two decades, U.S. police officers have been “ticketing” kids they catch doing good with Operation Chill FREE Slurpee® drink coupons.

7‑Eleven, Inc. celebrates the 20th anniversary of its Operation Chill® incentive program for youngsters. For two decades, U.S. police officers have been “ticketing” kids they catch doing good with Operation Chill FREE Slurpee® drink coupons.

CBRE Group, Inc. acquires consulting and research firm specializing in the Canadian hospitality and tourism industries PKF Consulting Inc.

Firm Specializes in Canadian Hospitality and Tourism Industries

Los Angeles, 2015-8-6— /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that it has acquired PKF Consulting Inc. (PKF Canada), a leading advisory, consulting and research firm in Canada specializing in the Canadian hospitality and tourism industries.

PKF Canada serves a broad range of clients in Canada, including hotel owners and operators, financial institutions, real estate developers, investors, product and service providers to the industry, and governmental agencies. Its key services to the Canadian hospitality industry include market and economic feasibility studies, real estate appraisals, operational reviews, asset management, management contract negotiations and acquisition due diligence. The firm has offices in Toronto and Vancouver.

The acquisition follows CBRE’s purchase in July 2014 of PKF Consulting USA, which provides similar advisory and consulting services for the U.S. and global hospitality sector.

“Like CBRE, PKF Canada’s professionals greatly value collaboration, integrity and the highest standards of client service excellence,” said Thomas B. McDonnell, president, Americas Valuation & Advisory Services, CBRE. “Combining their deep knowledge and insight into the Canadian hospitality sector with CBRE’s valuation and transaction expertise will significantly enhance our service offering and support our ability to create real advantages for hospitality clients worldwide.”

“CBRE is energized about the opportunities in the hospitality sector and the addition of PKF Canada adds top talent to our deep bench of sector expertise,” said Kevin Mallory, senior managing director and global head for CBRE Hotels.

Founded in 1970, PKF Canada is led by David Larone and Brian Stanford, who will remain in leadership roles with CBRE. During the past four years, PKF Canada has provided advisory services for more than $4 billion of hotel assets, serving a wide-range of owners, lenders, purchasers and developers. PKF Canada’s professionals will become part of CBRE’s Valuation & Advisory Services business line and will collaborate closely with CBRE Hotels’ professionals. The firm’s market research data and analysis will be integrated into the larger PKF research platform at CBRE, providing the most comprehensive source of hotel financial information in North America.

“We are excited about joining CBRE and enhancing our ability to serve our clients nationally, here in Canada and internationally,” said David Larone, national managing director, PKF Canada.

“With the strength of our key professionals, combined with CBRE’s international presence within the hotel and overall real estate sectors, we are well positioned to grow our practice here and abroad,” added Brian Stanford, national managing director, PKF Canada.

CBRE’s Valuation & Advisory Services provides appraisal, consulting, environmental and property condition consulting services to a broad base of local, regional and global clients. It has a professional staff of more than 1,700 appraisers, engineers, architects and environmental scientists in more than 300 major metro areas globally. CBRE Hotels has nearly 300 professionals in key markets around the world.

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 atwww.cbre.com.

“Safe Harbor” Statement Under the U.S. Private Securities Litigation Reform Act of 1995
Certain of the statements in this release regarding the acquisition of PKF Consulting Inc. (PKF) that do not concern purely historical data are forward-looking statements within the meaning of the ”safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties, including, but not limited to, the ability of the parties to successfully integrate PKF with CBRE’s existing operations in the Americas and globally, as well as other risks and uncertainties discussed in CBRE’s filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release and, except to the extent required by applicable securities laws, CBRE expressly disclaims any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events. If CBRE does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements, and risks to CBRE’s business in general, please refer to CBRE’s SEC filings, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2014 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2015. Such filings are available publicly and may be obtained off the Company’s website at www.cbre.com​ or upon request from the CBRE Investor Relations Department at investorrelations@cbre.com.​​

For Further Information

Steve Iaco
Director, Sr. Managing
T +1 212 9846535
email

Robert Mcgrath
Director, Sr
T +1 212 9848267
email

CBRE: Middle East to spend an average of US$15.0 billion per year into direct real estate globally

  • Middle Eastern Capital Increasingly Targeting U.S. Markets
  • Private Investors Emerge as Major New Source of Outbound Capital

Los Angeles, 2015-8-6— /EPR Retail News/ — An average of US$15.0 billion per year will flow out of the Middle East into direct real estate globally in the near-term, with investors from the region increasingly targeting U.S markets, according to the latest research from global property advisor CBRE Group, Inc.

The Middle East continues to be one of the most important sources of cross-regional capital into the global real estate market, with US$14.0 billion invested outside of the home region in 2014—the third largest source of capital globally. Qatar, driven by its sovereign wealth funds (SWFs), was by far the largest source of outbound capital with US$4.9 billion invested. Saudi Arabia has emerged as a significant new source of capital globally, investing US$2.3 billion in 2014, up from almost no reported investment in 2013.

The Middle Eastern investor base has expanded, fueled by weakening oil prices; this has led to a major shift in global investment strategies towards greater geographic and sector diversification, with activity spreading across gateway markets to second-tier locations in Europe and the Americas. A greater proportion of Middle Eastern capital is now targeting the U.S.—the US$5.0 billion invested globally in Q1 2015 was almost equally split between Europe and Americas, with New York, Washington, D.C., Los Angeles, and Atlanta targeted. London, while retaining the top position, is no longer as dominant, with a 32 per cent share of all Middle East outbound investment in 2014, compared to 45 per cent in 2013.

Top Investment Hotspots for Middle Eastern Capital

MIDDLE EAST INOUT_USA.jpg

Middle Eastern investors are becoming more active across a wider range of sectors. This is clearly evident in the U.S. where, historically, these investors have bought office buildings and trophy hotels in New York, Los Angeles and other gateway markets. Competition from Chinese investors and other global capital sources means that these investors are increasingly seeking alternatives, such as Abu Dhabi Investment Authority’s $725 million acquisition this year of a 14.2 million-sq.-ft. industrial portfolio.

“While not back to the peak levels of the pre-global financial crisis, Middle Eastern capital flows into the U.S. continue to be strong, growing and diversifying in nature. As the big sovereigns continue to seek safe havens and long-term stable growth potential, the flow of capital from the Middle East will become even stronger. We expect a greater amount of this capital to start looking beyond the gateway markets to achieve its objectives,” said Spencer Levy, Americas Head of Research, CBRE.

Private, non-institutional investors (property companies, high net worth individuals (HNWI), equity funds and any other form of private capital) have emerged as a major and increasing source of outbound capital from the Middle East. With a greater allocation to real estate and more concentration on geographical diversification away from the home region, the potential for non-institutional investors to expand their global real estate investments is of growing importance. Weaker oil prices are a strong contributing factor to this, triggering and accelerating global deployment of capital, with value-add investments in high demand. CBRE forecasts that global real estate investment by non-institutional capital from the Middle East will range from US$6.0 to $7.0 billion per annum in the near-term, if not higher, increasing from approximately US$5.0 billion per year during 2010 to 2013.

“Private capital from the Middle East is once again becoming a measurably more important investor group globally. The most immediate change will bring down the average lot size, as non-institutional investors tend to target assets at circa US$50.0 million. This extends naturally to a more diverse investment strategy—a trend already felt in the market so far in 2015 and is expected to become more pronounced in the next six to 18 months. In particular, we expect the Americas region to see more capital flows from the Middle East, with Europe less dominant than it has been over the last five years,” said Chris Ludeman, Global President, CBRE Capital Markets.

In addition to private capital, SWFs from the Middle East are also expected to remain important market-makers, albeit not as strong in their acquisition strategies as they would have been if oil prices had not fallen. It is very unlikely that regional governments will make radical decisions to affect the existing capital allocations, with only new allocations likely to be affected. CBRE expects US$7.0 to $9.0 billion per annum of Middle Eastern SWF investment to flow into direct global real estate in the near- to mid-term, compared to what would have otherwise been in the range of US$9.0 to $11.0 billion per annum had oil prices remained at levels above $100 per barrel.

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 CBRE Capital Markets news follow us on:
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LinkedIn: CBRE Global Capital Markets

For Further Information:

Aaron Richardson
T +44 20 7182 3329
email