The Home Depot® reports sales of $24.8 billion for the second quarter of fiscal 2015; 4.3% increase from same period last year

ATLANTA, 2015-8-18— /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, today reported sales of $24.8 billion for the second quarter of fiscal 2015, a 4.3 percent increase from the second quarter of fiscal 2014. Comparable store sales for the second quarter of fiscal 2015 were positive 4.2 percent, and comp sales for U.S. stores were positive 5.7 percent.

Net earnings for the second quarter of fiscal 2015 were $2.2 billion, or $1.73 per diluted share, compared with net earnings of $2.1 billion, or $1.52 per diluted share, in the same period of fiscal 2014. For the second quarter of fiscal 2015, diluted earnings per share increased 13.8 percent from the same period in the prior year.

Second quarter of fiscal 2015 results include a pretax net expense of $92 million, or $0.05 per diluted share, related to the Company’s 2014 data breach. This expense includes an accrual for estimated probable losses that the Company expects to incur in connection with the claims made by the payment card networks. Second quarter of fiscal 2015 results also reflect a pretax gain on sale of $144 million, or $0.07 per diluted share, related to the sale of the remaining portion of the Company’s equity ownership in HD Supply Holdings, Inc. Adjusting for these two items, diluted earnings per share for the second quarter of fiscal 2015 were $1.71.

“We were pleased with this quarter’s results. We saw balanced growth across our business resulting from strength in the core of the store as well as the continued recovery of the U.S. housing market,” said Craig Menear, chairman, CEO and president. “I would like to thank our associates for their hard work and dedication.”

Updated Fiscal 2015 Guidance

The Company has provided a range of sales, comp sales and diluted earnings-per-share growth to reflect the difference between 2014 average exchange rates and current exchange rates. The low-end of the Company’s sales, comp sales and diluted earnings-per-share growth guidance reflects the U.S. dollar remaining at current foreign exchange rates.

Based on its year-to-date performance and to reflect the planned completion of the acquisition of Interline Brands, Inc., the Company raised its fiscal 2015 sales guidance and now expects sales will grow in a range of approximately 5.2 percent to 6.0 percent and comp sales will grow in a range of approximately 4.1 percent to 4.9 percent. The Company also raised its diluted earnings-per-share guidance for the year and now expects diluted earnings per share to grow in a range of approximately 13 percent to 14 percent from fiscal 2014 to $5.31 to $5.36.

The Company’s earnings-per-share guidance reflects the benefit of the Company’s year-to-date share repurchases of $3.1 billion and the Company’s intent to repurchase an additional $3.9 billion of shares during the remainder of the year for a total of $7.0 billion.

The Company’s estimated probable losses related to the claims made by the payment card networks in connection with the data breach discovered in September 2014 are based on currently available information and expected payments associated with those claims. These estimates may change as new information becomes available or circumstances change. The accrual does not reflect liabilities from current and future civil litigation, governmental investigations and enforcement proceedings, which may have an adverse effect on the Company’s financial results in a future period. The accrual also does not reflect future breach-related legal, consulting or administrative fees, which are expensed as incurred and not expected to be material in any individual period.

The Home Depot will conduct a conference call today at 9 a.m. ET to discuss information included in this news release and related matters. The conference call will be available in its entirety through a webcast and replay at earnings.homedepot.com.

At the end of the second quarter, the Company operated a total of 2,270 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs more than 300,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

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Certain statements contained herein constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to, among other things, the demand for our products and services; net sales growth; comparable store sales; effects of competition; state of the economy; state of the residential construction, housing and home improvement markets; state of the credit markets, including mortgages, home equity loans and consumer credit; demand for credit offerings; inventory and in-stock positions; implementation of store, interconnected retail and supply chain initiatives; management of relationships with our suppliers and vendors; the impact and expected outcome of investigations, inquiries, claims and litigation, including those related to the data breach; issues related to the payment methods we accept and the timing of upgrades and enhancements impacting point of sale devices; continuation of share repurchase programs; net earnings performance; earnings per share; dividend targets; capital allocation and expenditures; liquidity; return on invested capital; expense leverage; stock-based compensation expense; commodity price inflation and deflation; the ability to issue debt on terms and at rates acceptable to us; the effect of accounting charges; the effect of adopting certain accounting standards; store openings and closures; guidance for fiscal 2015 and beyond; financial outlook; successful closing of the Interline acquisition; and the subsequent integration of Interline into our organization and the ability to recognize the anticipated synergies and benefits of the acquisition. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forwardlooking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control or are currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include but are not limited to those described in Item 1A, “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for our fiscal year ended February 1, 2015 and in our subsequent Quarterly Reports on Form 10- Q.

Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our periodic filings with the Securities and Exchange Commission.

For more information, contact:
Financial Community
Diane Dayhoff
Vice President of Investor Relations
770-384-2666
diane_dayhoff@homedepot.com

News Media
Stephen Holmes
Director of Corporate Communications
770-384-5075
stephen_holmes@homedepot.com

Eröffnung der Coop Vitality Apotheke in Kaiseraugst

Am Donnerstag, 27. August 2015, öffnet die Coop Vitality Apotheke in Kaiseraugst im Kaiserhof Center (Junkholzweg 3) ihre Tore. Vom Eröffnungstag bis Samstag, 29. August 2015, gibt es 10 Prozent Rabatt auf das gesamte Sortiment*. Die Coop Vitality Apotheken bieten ein vielseitiges Angebot, kompetente Beratung und viele zusätzliche Vorteile in Form von Superpunkten und weiteren Vergünstigungen.

BASEL, 2015-8-18— /EPR Retail News/ — Mit der jüngsten Eröffnung einer Coop Vitality Apotheke, ist die Apotheken-Kette innert 15 Jahren auf 64 Standorte in der ganzen Schweiz angewachsen. In der modernen und attraktiv eingerichteten Apotheke in Kaiseraugst finden die Kundinnen und Kunden alles für ihre Gesundheit und Schönheit.

Vollsortiment für Gesundheit und Wohlbefinden
Die Coop Vitality Apotheken bieten ein breites Sortiment an rezeptpflichtigen und rezeptfreien Arzneimitteln. Ergänzt wird dies durch eine breite Auswahl an Produkten für die Gesundheitspflege und die Dermokosmetik sowie aus dem Naturheilmittelbereich. Seit neuestem führt Coop Vitality zudem preisgünstige Eigenmarken im Sortiment.

Alle Vorteile auf einen Blick
Jede zweite Woche gewährt Coop Vitality auf ausgewählte Produkte einen Spezialrabatt von 20 Prozent. Zusätzlich punkten können Kundinnen und Kunden mit der Coop Supercard: Pro Franken Einkaufsbetrag wird ein Punkt gutgeschrieben. Bei rezeptpflichtigen Medikamenten erhalten Kundinnen und Kunden für jedes eingelöste Rezept 300 Superpunkte.

Beratung und Gesundheitschecks
Die Fachpersonen in den Coop Vitality Apotheken nehmen sich im Gespräch Zeit für die Kundinnen und Kunden. Gerne helfen sie mit Informationen und Tipps weiter. Die umfangreiche Beratung und Begleitung umfasst Themenbereiche wie Reisevorbereitung, Allergien, Ernährung, Schwangerschaft, Selbstmedikation, Raucherentwöhnung, HerzCheck oder Haarmineralanalyse.

Herr Daniel Meier, Apotheker und Geschäftsführer der Coop Vitality Apotheke in Kaiseraugst und sein Team freuen sich auf Ihren Besuch!

Weitere Informationen finden Sie auf www.coopvitality.ch

* Ausgenommen rezeptpflichtige Arzneimittel, Säuglingsmilch, Spirituosen, Geschenkkarten und
Dienstleistungen. Nicht kumulierbar mit anderen Rabatten.

Kontaktpersonen

Denise Stadler, Leiterin Medienstelle
Tel. +41 61 336 71 10

Ramón Gander, Mediensprecher
Tel. +41 61 336 71 67

Urs Meier, Mediensprecher
Tel. +41 61 336 71 39

Nadja Ruch, Mediensprecherin
Tel. +41 61 336 71 87

Coop lanciert neues Ladenkonzept

Immer mehr Menschen verpflegen sich unterwegs und nicht mehr zuhause oder im Restaurant. Diese Entwicklung hat Coop früh erkannt und ihre Kompetenz im Bereich des Ausserhauskonsums ausgebaut. Nun lanciert die Detailhändlerin unter dem Namen «Coop to go» ein neues Ladenkonzept, das sich ausschliesslich auf die Ausserhausverpflegung ausrichtet. Das umfangreiche Angebot umfasst beispielsweise eine Müesli- und Salatbar und exklusive Take-away-Produkte wie hausgemachte Smoothies oder artisanale Kleinbrote. Der erste «Coop to go» eröffnet morgen, 19. August am Bahnhof Zürich Stadelhofen.

BASEL, 2015-8-18— /EPR Retail News/ — Die Essgewohnheiten der Schweizerinnen und Schweizer ändern sich. Im letzten Jahr wurden hierzulande über 2,6 Milliarden Franken für die schnelle Verpflegung ausgegeben und insbesondere bei den 15-29-Jährigen ist Essen, das ohne grossen Aufwand genossen werden kann, hoch im Kurs. Vor allem an Werktagen wenden viele immer weniger Zeit für die Zubereitung des Essens auf. Gleichzeitig wächst die Nachfrage nach schnellem, frischem und gesundem Essen. Dieses Bedürfnis hat Coop schon in der Vergangenheit erkannt und mit einem umfangreichen Take-Away-Angebot abgedeckt. «Nun gehen wir einen entscheidenden Schritt weiter und lancieren ein komplett neues Ladenkonzept, das ausnahmslos Lebensmittel verkauft, die sich sofort konsumieren lassen», freut sich Joos Sutter, Vorsitzender der Geschäftsleitung Coop.

50 Standorte in 5 Jahren
Der erste «Coop to go» eröffnet morgen Mittwoch, 19. August am Bahnhof Zürich Stadelhofen, 50 weitere Verkaufsstellen sollen in den nächsten 5 Jahren folgen. Das Sortiment umfasst eine grosse Auswahl an exklusiven Take-away-Produkten. Morgens wartet eine Müeslitheke mit einer grossen Auswahl an Früchten, Joghurts und Cerealien auf, die nach Lust und Laune kombiniert werden können. Und sogar ein veganes Müesli können sich die Kunden zusammenstellen. Nach der Frühstückszeit wird diese Selbstbedienungstheke in eine abwechslungsreiche Salatbar umgewandelt. Der Laden umfasst daneben aber auch ein grosses Angebot an artisanalen Kleinbroten, Hot Panini, hausgemachten Smoothies, geschichteten Müesli und weiteren Produkten zum Sofortessen. Und es kommen laufend neue hinzu. Optisch zeichnet sich «Coop to go» durch sein urbanes Erscheinungsbild aus, dies beispielsweise dank des Holzbodenlooks und der Backsteinwandoptik. Damit «Coop to go» sofort zu erkennen ist, erhält das neue Verkaufsformat auch sein eigenes Logo.

Kompetenz bei Frischconvenience und Ausserhauskonsum
Coop hat bereits vor über zehn Jahren erkannt, dass das Bedürfnis nach schnellem und gleichzeitig gutem Essen zunehmen wird. So hat Coop 2012 Betty Bossi vollständig übernommen und war 2014 mit einem Umsatz von über 700 Millionen Franken Marktführerin im Bereich Frischconvenience in der Schweiz. 2013 hat Coop zudem die vegetarische Produktelinie Karma mit grossem Erfolg lanciert und mit den insgesamt 60 Produkten 2014 einen Umsatz von über 20 Millionen Franken erzielt. Darüber hinaus umfasst das Sortiment weitere Produkte für den Sofortverzehr und einige hochfrequentierte Verkaufsstellen führen mit Coop Take it einen eigenen Take-away-Bereich.

Logo Coop to go
Coop to go Ladenkonzept

Kontaktpersonen

Denise Stadler, Leiterin Medienstelle
Tel. +41 61 336 71 10

Ramón Gander, Mediensprecher
Tel. +41 61 336 71 67

Urs Meier, Mediensprecher
Tel. +41 61 336 71 39

Nadja Ruch, Mediensprecherin
Tel. +41 61 336 71 87

Ulta Beauty will conduct a conference call to discuss its second quarter 2015 results on August 27, 2015

BOLINGBROOK, Ill., 2015-8-18— /EPR Retail News/ — Ulta Beauty (NASDAQ: ULTA) today announced that the Company will conduct a conference call to discuss its second quarter 2015 results on Thursday, August 27, 2015 at 5:00 p.m. Eastern Time / 4:00 p.m. Central Time. A press release detailing the Company’s second quarter 2015 results will be issued after the market closes and prior to the call. The conference call will be hosted by Mary Dillon, Chief Executive Officer, and Scott Settersten, Chief Financial Officer.

Investors and analysts interested in participating in the call are invited to dial (877) 705-6003. The conference call will also be webcast live athttp://ir.ulta.com. A replay of the webcast will remain available for 90 days. A replay of the conference call will be available until 11:59 p.m. ET onSeptember 10, 2015 and can be accessed by dialing (877) 870-5176 and entering conference ID number 13617296.

About Ulta Beauty
Ulta Beauty (NASDAQ: ULTA) is the largest beauty retailer in the United States and the premier beauty destination for cosmetics, fragrance, skin, hair care products and salon services. Since opening its first store 25 years ago, Ulta Beauty has grown to become the top national retailer providing All Things Beauty, All in One Place™. The company offers more than 20,000 products from over 500 well-established and emerging beauty brands across all categories and price points, including Ulta Beauty’s own private label. Ulta Beauty also offers a full-service salon in every store featuring hair, skin and brow services. Ulta Beauty is recognized for its commitment to personalized service, fun and inviting stores and its industry-leading ULTAmate Rewards loyalty program. As of August 1, 2015 Ulta Beauty operates 817 retail stores across 48 states and also distributes its products through its website, which includes a collection of tips, tutorials and social content. For more information, visit www.ULTA.com.

Source: Ulta Beauty

Ulta Beauty
Company Contacts:
Scott Settersten
Chief Financial Officer
(630) 410-4807
or
Laurel Lefebvre
Vice President, Investor Relations
(630) 410-5230
or
Karen May
Director, Public Relations
(630) 410-5457

US Foods announces that 11 US Foods chefs have joined the elite team of Food Fanatics Chefs

11 Culinary Experts Join the Food Fanatics Movement; Will Share Their Passion and Expertise with Restaurateurs Across the Country

Rosemont, Ill., 2015-8-18— /EPR Retail News/ — As one of the nation’s most innovative food companies and leading distributors, US Foods is continuing to set the stage for the future of the food service industry. Today, the company announced that 11 US Foods chefs have joined the elite team of Food Fanatics Chefs focused on sharing culinary expertise and industry insights that will help chefs and restaurateurs take their businesses to the next level.

The new Food Fanatic Chefs were carefully chosen for their rich, culinary backgrounds, deep knowledge of the restaurant industry and love of all things food. They join US Foods’ esteemed group of more than 25 Food Fanatics Chefs in local markets across the country. All Food Fanatics Chefs complete a rigorous university program that focuses on testing and expanding their skills to ensure they meet the Food Fanatics designation.

“We are always looking for new ways to bring value to our customers and our Food Fanatics Chefs are great examples of how we do just that,” said Marshall Warkentin, vice president of marketing, US Foods. “The Food Fanatics Chefs’ blend of culinary skills and business acumen provides our customers with someone they can turn to when they have a problem or want to explore new ways to reach greater success. We’re thrilled to add these new chefs to the program and continue to grow the ranks so that our customers everywhere can benefit from a Food Fanatics partnership.”

Using their own culinary expertise, as well as insights from the company’s work with more than 250,000 restaurants and foodservice operations, the Food Fanatics Chefs collaborate with chefs and restaurateurs across the country. Their responsibilities include introducing the latest US Foods products and innovations to local chefs, offering in-depth menu and recipe analysis for restaurateurs and consulting with operators on enhancements they can make to help their businesses succeed. The newest Food Fanatic Chefs include:

  • Chef Stephen Afflixio / Tampa, Fla. – Through his more than 25 years of experience in the foodservice industry, Chef Afflixio has gained extensive knowledge in consulting, menu development and food distribution. For the past 20 years, Chef Afflixio has served as a board member for the Tampa Bay chapter of the American Culinary Federation; most recently, he was inducted into the prestigious American Academy of Chefs.
  • Chef Jeff Bland/Roanoke, Va. – Chef Bland is an award-winning chef with more 34 years of food service experience.  He began his culinary career at the age of 14 and has since gained valuable knowledge working in restaurants and foodservice facilities across the country, including Walt Disney World and La Petite France. Chef Bland is also an esteemed culinary arts educator who has taught at both the high school and college levels.
  • Chef Ed Butler/ Knoxville, Tenn. – Chef Butler began his culinary career in Nashville, Tenn. at the age of 16. He quickly discovered his love of the culinary arts and devoted himself to learning from anyone and everyone. Since then, he’s held various leadership positions at restaurants, country clubs and banquet halls. Given the opportunity to sink or swim, Chef Butler dove in head first and found his true calling – sharing his passion for food and cooking. His enthusiasm is contagious, and he brings his excitement and knowledge about food to restaurants all over the state.
  • Chef Foster Deadman/Milwaukee – With more than 19 years of experience in the culinary and hospitality industry, Chef Deadman came to US Foods after serving as the Corporate Chef for Supple Restaurant Group in Wisconsin, as well as extensive work with high-volume catering and events for notable hotels and restaurants. Always energetic and a great team-builder, his culinary philosophy is to take an innovative approach to his culinary creations, which he achieves by making “retro relevant and the ordinary extraordinary.”
  • Chef Rahm Fama/Los Angeles – A former Food Network personality, Chef Fama has roamed the country sharing his love of food. He served as the host of the Food Network series, Meat & Potatoes, where he traveled around the U.S. seeking out the best spots for mouthwatering, meaty dishes. Chef Fama discovered his love of food and appreciation for meat growing up on his mother’s cattle ranch in Santa Fe, N.M. Since beginning his culinary career at the age of 15, he’s taken his chops to restaurants and hotels in Austin, Tex., Phoenix, New York, Colorado Springs, Colo. and St. Lucia. Now this meat-loving chef has landed at US Foods, bringing his carnivorous expertise to chefs around the Los Angeles area.
  • Chef Cory Guyer/Omaha, Neb. – Hailing from Mississippi, with a brief stop in Okinawa, Japan, Chef Guyer has been exposed to his fair share of different cuisines. After settling in Omaha, he cut his teeth in the restaurant industry at 14 years old, working his way up through the ranks at some of Omaha’s finest establishments. Following culinary school, he served as room chef for Jack Binion’s Prime Steakhouse at Horseshoe Casino and 360 at Harrah’s Casino, before finally landing at US Foods.
  • Chef Don Price/Lubbock, Tex. – With more than 28 years of experience in the restaurant industry, Chef Price knows all about the obstacles and decisions chefs and restaurateurs face every day. He got his start washing dishes for a local steakhouse and worked his way up to executive chef at a French Brasserie before attending the Culinary Institute of America. After graduating, he spent time as banquet chef at Waldorf Astoria and running dining facilities for the Compass Group in New York City, ultimately joining the US Foods team.
  • Chef Charles Ramseyer/Seattle – A native of Switzerland, Chef Ramseyer discovered his love of the kitchen as a teenager and soon afterward became an apprentice at the exclusive Hotel Vorderen Sternen in Zurich.  Chef Ramseyer’s knowledge of all things seafood is unmatched and his passion for the sea is evident in his culinary creations. Prior to joining US Foods, he spent 15 years at Ray’s Boathouse in Puget Sound, where he co-authored the Ray’s Boathouse cookbook titled “Ray’s Boathouse: Seafood Secrets of the Pacific Northwest,” and was invited to be a guest chef of the James Beard Foundation.
  • Chef Jeffrey Schlissel/ Boca Raton, Fla. – Chef Schlissel has more than 30 years of experience in the culinary field.  A native of South Florida, Chef Schlissel has amassed extensive knowledge for cooking all types of cuisines, but is best known for his Pan Asian Floribbean signature style. Chef Schlissel has a strong track record of helping restaurateurs increase profitability by using local resources and sustainable products in his dishes and is well respected by his peers as an efficient restaurant consultant and creative menu designer.
  • Chef Jaci Shelby/Kansas City – Originally from Milwaukee, Chef Shelby’s culinary roots span from Wisconsin to New Orleans to South Carolina to Kansas City. Her first culinary adventure was learning how to peel shrimp in New Orleans. Intrigued with the quality level of the food, she jumped into the pastry world at Restaurant August. She completed additional stints at The Windsor Court Hotel in New Orleans and the Embassy Suites Greenville, S.C. before switching gears to work on the savory side at The Biltmore Estate in North Carolina. Chef Shelby brings a varied background to US Foods, using both her pastry and savory skills to help restaurants successfully create menu concepts.
  • Chef Melissa Trimmer/Chicago – Chef Trimmer has a passion for the sweeter things in life, and infuses that into every dish she creates. She graduated Johnson & Wales University with an Associate degree in Baking and Pastry Arts then took an internship at Confiseur Bachmann’s in Luzern, Switzerland. Since then, she has utilized her Swiss training and techniques in many roles throughout the Midwest, including bringing the pastry kitchen at Carnivale in Chicago to life and leading the pastry department as Executive Pastry Chef when both Lula Café and Nightwood restaurants received the Bib Gourmand rating from The Chicago Michelin Guide’s inaugural edition in 2010. Chef Trimmer is a Certified Executive Pastry Chef from the American Culinary Federation and led the team at Le Cordon Bleu through first-time programmatic accreditation by the American Culinary Federation Education Foundation.

In addition, the Fall 2015 issue of the Food Fanatics magazine launches today.  The publication, which regularly draws from the expertise of the Food Fanatics Chefs, puts chefs, restaurateurs and foodservice operators in the know with what’s happening in the industry.  Like the chefs, the magazine is all about “sharing the love of food and inspiring business success.”  This edition explores land-raised seafood as the next farm-to-table trend, the nose-to-tail pork movement, the rapidly growing fast casual segment, and more.

To learn more about US Foods and its Food Fanatics Chefs or to find a digital version of the Food Fanaticsmagazine, visit www.usfoods.com or www.foodfanatics.com. You can also like us on Facebook, follow us on Twitterand watch our chefs in action on YouTube.

About US Foods
As one of America’s great food companies and leading distributors, US Foods is Keeping Kitchens Cooking™ and making life easier for customers, including independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. With approximately $22 billion in annual revenue, the company offers more than 350,000 products, including high-quality, exclusive brands such as the innovative Chef’s Line®, a time-saving, chef-inspired line of scratch-quality products, and Rykoff Sexton®, a premium line of specialty ingredients sourced from around the world. The company proudly employs approximately 25,000 people in more than 60 locations nationwide. US Foods is headquartered in Rosemont, Ill., and jointly owned by affiliates of Clayton, Dubilier & Rice LLC and Kohlberg Kravis Roberts & Co. L.P. Discover more at www.usfoods.com.

Contact

Lisa Lecas, Manager
Corporate Communications, US Foods
Office: 847-720-8243
Lisa.Lecas@usfoods.com

Arla Foods UK confirms that Asda’s increased price that it pays for milk will be shared directly with its farmer owners

  • First major grocery retailer customer to agree nationwide pledge across all its liquid fresh milk
  • Industry-leading British cheddar labelling introduced to help customers to support British dairy farmers

LEEDS, 2015-8-18— /EPR Retail News/ — Arla Foods UK has today confirmed that Asda’s increased price that it pays for milk, which came into effect this morning, will be shared directly with its farmer owners including 3,000 in the UK.

The retailer’s commitment to carry Arla’s new farmer-owned marque from the autumn on all of its own label fresh liquid milk along with new British cheddar labelling is also welcomed by Arla as a clear demonstration of Asda’s continuing and long-term commitment to British farming.

The product marque will offer consumers the opportunity to easily identify and trust that when they buy own label dairy products they are responsibly sourced from a farmer-owned business where all the profits go back to its owners, and has the highest expectations for animal welfare and environmental standards throughout its supply chain.

Asda is also reconfirming that it is committed to sourcing its own label cheddar using 100 per cent British milk from Arla. This will be supported by an industry-leading move with the introduction of new ‘Made with British Milk’ labelling on product packaging to provide clarity of sourcing.

Arla Foods amba farmer board director, Jonathan Ovens, met with Asda President and CEO, Andy Clarke, this morning to confirm the agreement, which includes new customer communication in all Asda stores to encourage its shoppers to buy British.

Jonathan Ovens commented: “As Arla farmer owners, we asked our major retailer customers to support our responsible sourcing principles and our transparent cooperative model. In announcing its wholesale price increase and carrying the farmer-owned marque, Asda has demonstrated its leadership in driving a solution to some of the challenges that the dairy industry is currently facing.

“Asda has a market driven wholesale price, mechanisms in place to deal with volatility and an ongoing long-term commitment for farmer owners, like myself.”

Andy Clarke added: “Asda was formed by dairy farmers, a heritage that we take seriously and that has informed our decision to make a substantial move to support farmers during the current global milk price crisis as well as agreeing a longer term package of measures going beyond liquid milk.”

Asda sources all of its milk from Arla across England, Scotland and Wales. Asda and Arla have had a ten year relationship which has made a substantial difference to its farmer owners and this is another significant milestone.

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Arla Foods UK confirms that Asda’s increased price that it pays for milk will be shared directly with its farmer owners

Arla Foods UK confirms that Asda’s increased price that it pays for milk will be shared directly with its farmer owners

Jordin Sparks partners with General Growth Properties, Inc. to promote her third album, Right Here Right Now releasing on August 21, 2015

NEW YORK, 2015-8-18— /EPR Retail News/ — Grammy-Nominated Sony Music Recording Artist, Jordin Sparks, announces an exclusive marketing partnership with General Growth Properties, Inc. (GGP) to promote her highly anticipated third album, Right Here Right Now releasing on August 21, 2015. The partnership includes a national sweepstakes, live-stream performance event, a series of exclusive content releases, pop-up appearances and consumer engagement both online and in the malls.

“Our malls are the shopping, dining and entertainment hubs in their communities. We are continuously looking for opportunities to entertain and engage our guests,” said Scott Morey, EVP, GGP. “Through GGP’s massive direct-to-consumer reach, social media channels and customer database, the Jordin Sparks Right Here Right Now launch campaign will amplify the mall shopping experience with a fun, unique and engaging event.”

Sparks will make appearances at four GGP malls, giving shoppers an exciting opportunity for an in-person meet-and-greet and purchase download cards of her new album.

Friday, August 14 Glendale Galleria – (Glendale [Los Angeles], CA)
5 p.m. to 7 p.m. Bloomingdale’s

Saturday, August 15 Fashion Show Mall (Las Vegas)
2 p.m. Concert
4 p.m. to 6 p.m. Forever 21

Friday, August 21 Woodbridge Center – (Woodbridge, NJ)
5 p.m. to 7 p.m. F.Y.E.

Saturday, August 22 Water Tower Place – (Chicago)
11 a.m. to 1 p.m. Harry Caray’s Seventh Inning Stretch

At the Fashion Show Mall appearance in Las Vegas, Sparks will conduct a special performance, featuring songs from Right Here Right Now in addition to some of her biggest hits, including, “No Air” and “One Step at a Time.” The performance will be live-streamed online and broadcast in GGP malls via digital video screens the next day, Sunday, August 16. The partnership also includes a national sweepstakes that gives one lucky fan a once-in-a- lifetime trip to Los Angeles to get VIP treatment at Glendale Galleria, a $1000 shopping spree and a fun-filled afternoon with Jordin at a surprise destination.

“We are pleased to partner with GGP to reach millions of consumers who have been fans of Jordin’s since voting for her on American Idol,” says Tom Carrabba, GM/EVP of Sony Music’s RED Associated Labels. “This activation represents the kind of synergy we are looking for with partners in retail, technology and consumer products to bring a unique music experience to fans.”

ABOUT JORDIN SPARKS
Jordin Sparks is a Grammy nominated multi-platinum global superstar who has sold over 11 million units since her career launch in 2007 when she won American Idol at the young age of 17. With 3 Top 10 Billboard singles, and one which Billboard Magazine rated one of the greatest duets of all time, “No Air” with Chris Brown, and a number one hit THE WAY, which she co-wrote for Ariana Grande, Jordin is a force in the music industry as both an artist and songwriter. She is also a social media powerhouse with over 13 million social media followers, and 200 million VEVO views. As an actress Jordin has appeared in numerous films including starring alongside Whitney Houston in her final film “Sparkle.” She is well known host at top red carpet events such as the Billboard Awards and American Music Awards, and has starred on Broadway as Nina Rosario in “In the Heights.” The phenom Sparks will now be releasing her highly anticipated third studio album, Right Here Right Now, on August 21st via Sony Music / 19 / Louder Than Life.

Follow Jordin Sparks on FacebookTwitter and Pinterest.

ABOUT RIGHT HERE RIGHT NOW
Right Here Right Now, the 3rd studio album from Grammy nominated global superstar Jordin Sparks – is available everywhere Friday, August 21st. The album offers a broad spectrum of music ranging from power ballads, pop tempos, club infused mixes and a narrow focus around the essence of 90’s R&B. The 14-track standard album includes features from major recording artists B.o.B, J-Doe, 2 Chainz, Shaggy, Elijah Blake and more! The album is currently available for pre-order via iTunes and JordinSparks.com.

ABOUT GGP
Follow GGP on Facebook and Twitter and read about industry news on the Thriving Malls blog.

General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

Contacts

Kerry Smalls
The Chamber Group
212.366.5801

Wendy Washington
Sony Music Entertainment

Lesley Cheers
General Growth Properties, Inc.
312.960.2646

Trace One and BRC Global Standards release the updated BRC Global Standards Directory

Enhanced Certification Portal allows flexibility, cost savings and complete compliance with Food 7 Standard

LONDON, 2015-8-18— /EPR Retail News/ — Trace One, the global leader in private label product lifecycle management (PLM) solutions, and BRC Global Standards, today announced the updated BRC Global Standards Directory powered by Trace One, which now allows retailers and suppliers to ensure compliance against the new, globally recognised BRC Global Standard for Food Safety Issue 7, introduced in January and active since July.

Building on Trace One and the BRC’s partnership since 2008, the BRC Global Standards Directory now supports over 23,000 certificated manufacturers in 123 countries, as well as 1600 auditors associated with around 77 certification bodies. Alongside the update for Food Issue 7, other enhancements to the BRC Global Standards Directory portal are designed to help retailers and suppliers ensure that auditing is working for them; giving retailers greater flexibility, manufacturers greater productivity and cost savings associated with facility / production audits, and new suppliers easier entry to BRC certification:

– Food Issue 7 Standard: The portal allows for suppliers to be certificated against the new Standard specified by BRC Global Standards.
– Private Audits: Retailers can now specify their own audit scheme modules to be audited at the same time as the BRC Food 7 audit visit. This serves to dramatically reduce the time, cost and productivity implications that multiple audit visits have previously placed on the manufacturer.
– Voluntary Modules: Enhanced functionality enables BRC Global Standards to add / manage retailer specific scheme modules within the Food 7 template while enabling the ability to list, search and report on these additional certifications.
– Global Markets: Supporting the Food 7 Global Markets initiative, new suppliers can initially be certificated against entry-level audits; meaning organisations that are not ready for or do not need full BRC Global Standards certification can still demonstrate best practice in food safety.

“The rise in consumer demand for food quality information shows no sign of abating. This is reflected in the amount of certification information on record with upwards of 100 audits being uploaded to the Directory in an average day,” said Jerome Malavoy, CEO at Trace One. The updated portal marks the ongoing success of our 7-year relationship with BRC Global Standards and reflects our joint objectives of allowing both retailers and suppliers to collaborate while navigating this information which is so fundamental to consumer trust.”

“No two retailers or suppliers are alike. With these additions, we’ve not only given the industry a means to trust in its complete compliance with Food 7 but we’ve also ensured that food retailers and manufacturers can pursue their own food safety measures and the competitive differentiation these enable, more costs effectively,” said Mark Proctor, CEO of BRC Global Standards. “BRC Global Standards and Trace One’s relationship has been a benefit for both parties, and the industry as a whole, and we foresee it continually adding additional benefits for the BRC Global Standards community into the future.”

Notes to Editors:

About BRC Global Standards
BRC Global Standards are the world’s biggest provider of safety and quality standards programmes for food manufacture, packaging, storage, and distribution. BRC Global Standards are generated with the help of technical specialists, retailers, manufacturers and certification bodies from around the world, so everything is based on practicality, rigour and clarity.

The BRC Global Standards certification scheme offer comprehensive support to help new and established businesses to achieve and maintain their quality and safety aims.

For more information please visit www.brcglobalstandards.com

Media Contacts:
BRC Press Office +44 (0)20 7854 8924 / +44 (0)7921 605544

About Trace One
Trace One connects all supply chain network stakeholders to accelerate product innovation while creating supply chain transparency. Trace One powers the world’s largest network for private label development with more than 20,000 companies in 110 countries developing over $300B in annual products spend. The company has offices in Boston, Chicago, Paris, London, Madrid and Dusseldorf.

Darden Restaurants, Inc. announces that Bill Lenehan has been named CEO of Four Corners Property Trust, Inc.

ORLANDO, Fla., 2015-8-18— /EPR Retail News/ — Darden Restaurants, Inc. (NYSE: DRI) today announced that Bill Lenehan has been named CEO of Four Corners Property Trust, Inc., the real estate company that is expected to be separated from Darden later this year in a spin-off, split-off or similar transaction.  Four Corners is expected to elect to be subject to tax as a real estate investment trust (REIT) effective January 1, 2016.  Until the separation, Lenehan will report to Darden CEO Gene Lee.  Lenehan’s appointment as CEO of Four Corners is effective August 17.

“The Board and I have been incredibly impressed with Bill’s leadership, knowledge, and skill related to the Four Corners transaction,” said Darden CEO Gene Lee.  “We have also been impressed with his vision and capability, which gives us confidence he will be able to lead and transform Four Corners into a leading growth company.  We are extremely pleased to have a leader with Bill’s level of expertise for this very exciting new company.”

As a result of this appointment, Lenehan, who currently sits on Darden’s Board of Directors and is running for reelection at the company’s 2015 Annual Meeting of Shareholders, will resign from the Board if and when the separation of Four Corners occurs.  He also will no longer serve on any of the independent committees of Darden’s Board effective immediately.

Lenehan has a strong track record of success in real estate including two years as Special Advisor to the Board of Directors at Evoq Properties Inc., which at the time was one of the largest property owners in Downtown Los Angeles, with holdings in industrial, office, retail, residential, and mixed-use real estate.  Prior to that, Lenehan served as Interim CEO of MI Developments, now named Granite REIT, an owner of net leased industrial and manufacturing real estate, where he was a member of their Strategic Review Committee and was a Director.  He also spent approximately 10 years as an Investment Professional in the Real Estate Group of Farallon Capital Management, LLC.

In addition, Lenehan currently serves on the board of directors for Gramercy Capital Corporation, a publicly traded net lease REIT, where he is Chairman of the Investment Committee and a member of the Nominating Committee.

In June, Darden announced its intent to create the separate company, which would ultimately become an independent, publicly-traded REIT.  Under the plan being pursued, Darden will transfer approximately 420 of its owned restaurant properties to Four Corners, which will lease those properties back to Darden.

On August 11, 2015, Four Corners Property Trust, Inc., a subsidiary of Darden, filed an initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC).  A copy of the Form 10 Registration Statement is available at http://investor.darden.com/investors/financial-information/sec-filings/Four-Corners-Property-Trust-Inc/default.aspx.  The Form 10 Registration Statement has not been declared effective by the SEC and is subject to completion.  Darden expects that subsequent amendments to the Form 10 will be filed prior to completion of the separation and spin-off.

The separation and spin-off remains subject to certain conditions, including among others, obtaining final approval of the transaction from the Darden Board of Directors, receipt by Darden of an opinion of counsel regarding certain U.S. federal income tax matters and the effectiveness of the Form 10.  Darden may, at any time until the closing of the separation and spin-off, decide to abandon, modify or change the terms of the separation and spin-off.

Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act, which statements may be identified by the use of forward-looking terminology, such as “may,” “will,” “expect,” “anticipate,” “estimate,” “plans” or “continue” or the negative thereof or other variations thereon or comparable terminology referring to future events or results.  Risks and uncertainties are presented in detail in our filings with the SEC and in the Form 10 referred to above.  The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including those set forth in the Information Statement.

About Darden
Darden Restaurants, Inc., (NYSE: DRI) owns and operates more than 1,500 restaurants that generate $6.8 billion in annual sales.  Headquartered in Orlando, Florida, and employing 150,000 people, Darden is recognized for a culture that rewards caring for and responding to people.  Our restaurant brands – Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V’s and Yard House – reflect the rich diversity of those who dine with us. Our brands are built on deep insights into what our guests want.  For more information, please visit www.darden.com.

SOURCE Darden Restaurants, Inc.: General

(Analysts) Kevin Kalicak, (407) 245-5870; (Media) Rich Jeffers, (407) 902-5673

Target Corporation announces the promotion of John Mulligan to the newly created role of EVP and chief operating officer, effective Sept. 1

MINNEAPOLIS, 2015-8-18— /EPR Retail News/ — Target Corporation (NYSE: TGT) today promoted John Mulligan to the newly created role of executive vice president and chief operating officer, effective Sept. 1. Mulligan will assume oversight of stores, supply chain and properties. Joining Target as executive vice president and chief financial officer will be Cathy Smith, a seasoned retail business leader. Both Mulligan and Smith will report to Target’s chairman and chief executive officer, Brian Cornell.

“John has unparalleled expertise in Target’s business and I am very pleased that he will be assuming this new leadership position. Bringing together key operations functions under John will put Target on a more progressive path to transformation and help us break down barriers to deliver improvements across our business,” said Cornell. “As our new CFO, Cathy brings significant business and retail expertise to Target. Her background will be integral to accelerating our long-term growth strategy.”

Mulligan has worked at the Minneapolis-based company since 1996, when he began as a financial analyst. He has served as the company’s chief financial officer since 2012. In 2014, he led the company as the retailer’s interim president and CEO from May to August while continuing to act as CFO. Throughout his tenure at Target, Mulligan has served in key leadership positions in finance and human resources, including director of Target.com Finance, director of Capital Investments, vice president of Pay and Benefits, vice president of Financial Planning and Analysis and senior vice president of Treasury and Accounting.

“Integrating operations will help further fuel Target’s transformation and as COO, I’ll prioritize driving improvements in the fundamental areas of our business and equipping the team to move quickly. By working strategically across the enterprise, we will build on the critical capabilities that will fuel Target’s differentiation in the marketplace. Achieving operational excellence is foundational to Target’s long-term success,” said Mulligan.

The company will report its second quarter financial results on Aug. 19 and host a conference call with investors where Cornell, Mulligan and Smith will participate. Mulligan will also serve as an advisor to Smith throughout her transition into the company and the role. Smith will formally join the company on Sept. 1, 2015.

“I have a tremendous amount of respect and admiration for the Target brand and the team behind it. I look forward to continuing Target’s strong record of financial management and playing an active role as Target makes gains on its long-term strategic plan,” said Smith.

Prior to joining Target, Smith served as executive vice president and chief financial officer at St. Louis-based Express Scripts, a Fortune 20 company and the nation’s largest pharmacy benefit manager with $100 billion in revenue. She has also held CFO positions at Walmart International, GameStop, and others. Cathy received her BA from the University of California, Santa Barbara and her MBA from the University of Southern California. As CFO at Target, Smith’s responsibilities will include Treasury and Tax; Internal and External Financial Reporting and Operations; Financial Planning and Analysis; Internal Audit; Investor Relations; and Target’s Financial and Retail Services Business.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,799 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.

media contact

Dustee Jenkins
Public Relations
p: (612) 696-3400

John Hulbert
Investor Relations
p: (612) 761-6627

Price Chopper Supermarkets announces the acquisition of Fairway Pharmacy in Montrose, PA

Schenectady, NY, 2015-8-18— /EPR Retail News/ — Price Chopper Supermarkets is pleased to announce the acquisition of Fairway Pharmacy in Montrose, PA, effective Monday, August 17.

The New York-based, family-managed chain will continue to operate out of Fairway’s current location until the planned construction of a new pharmacy inside the Montrose Price Chopper is completed. Fairway Pharmacy customers will have immediate access to the many great savings programs and services that Price Chopper has to offer, including free diabetes medications, free diabetic supplies, free antibiotics, free prenatal and children’s vitamins, $9.99 for 100 generic pills and Fuel AdvantEdge rewards.

Jerry Prusack, owner of Fairway Pharmacy, has joined the Price Chopper team as a pharmacist at the newly acquired location. The remainder of the Fairway Pharmacy staff has also joined the Price Chopper team.

“We are delighted to welcome Jerry and the Fairway team to the Price Chopper family,” said Kathy Bryant, Vice President of Pharmacy for Price Chopper. “We look forward to building upon the foundation of trusted and convenient pharmacy care that they have long provided to the Montrose community, while expanding and enhancing the patient services that are offered.”

“We look forward to continuing to provide the high level of care that our patients have come to expect from us, and believe that the addition of support from Price Chopper’s highly regarded pharmacy division will increase our ability to serve the community,” said Prusack. “The construction of a brand new pharmacy inside the Price Chopper Supermarket marks a significant investment in our community that will provide our customers with the added convenience of one-stop shopping.”

Customers will also see the added benefit of extended business hours. The newly acquired pharmacy will be open Monday through Friday 9:00 a.m. to 7:00 p.m. and Saturday from 9:00 a.m. to 5:00 p.m. Price Chopper will also be offering customers a promotional offer of $25 off any new or transferred prescription which will be valid until November 7, 2015.

Fairway Pharmacy is currently located four store-fronts down from the Price Chopper supermarket at 16750 State Route 706, Montrose.

-30-

About The Golub Corporation:
Based in Schenectady, NY, the Golub Corporation owns and operates 135 Price Chopper and Market 32 grocery stores in New York, Vermont, Connecticut, Pennsylvania, Massachusetts and New Hampshire. The American owned, family-managed company prides itself on longstanding traditions of innovative food merchandising, leadership in community service, and cooperative employee relations. Golub’s 22,000 teammates collectively own more than 47% of the company’s privately held stock, making it one of the nation’s largest privately held corporations that is predominantly employee-owned. For additional information, visit www.pricechopper.com

 

Contact:
Mona Golub
Price Chopper
518-379-1480

Jon Pierce, APR
Pierce Communications
518-221-1186

Liberty Interactive Corporation announces that zulily will join the QVC Group

Transaction Brings Together Leading “Joy of Discovery” Retailers to Expand Digital Footprint, Enhance Customer Experience, and Drive Global Growth

West Chester, Pa., 2015-8-18— /EPR Retail News/ — QVC, the global leader in video and ecommerce retail, today announced that its parent, Liberty Interactive Corporation (“Liberty Interactive”) (Nasdaq: QVCA, QVCB, LVNTA, LVNTB) has entered into a definitive agreement to acquire zulily, inc. (“zulily”) (Nasdaq: ZU), a leading ecommerce site serving millennial moms and the digital-only generation, for approximately $2.4 billion. Under the proposed transaction, zulily will join the QVC Group to create a discovery-driven and experiential digital commerce powerhouse with appeal that spans generations of women.

Since its inception in 2010, zulily has emerged as a destination brand for millions of millennial customers, becoming one of the few retailers in history to exceed $1 billion in annual net sales in five years. Today, zulily brings young moms special finds every day, through desktop, mobile websites and mobile apps that feature a curated, constantly changing collection, spanning apparel, fashion accessories, children’s apparel, home décor, toys, gifts and more. With a vast network of 10,000 vendor partners, zulily offers thousands of new products every day from entrepreneurs and top brands, all at compelling values. Approximately 56% of its orders are placed over mobile devices.

Together, the QVC and zulily platforms represent combined annual revenues of more than $10 billion and 230 million units shipped globally to 19 million customers in 85 countries. Highly-complementary customer bases span generations of women, offering both companies the opportunity to extend their businesses beyond their respective core audiences. Adding zulily to the QVC Group allows QVC to reach an audience of young mothers who love to shop, and to accelerate its mobile leadership.

“QVC and zulily share a passion for creating a unique shopping experience that is rooted in discovery and brings carefully curated products to life. Together, we will further engage modern women who love to shop in new and compelling ways,” said Mike George, President and CEO, QVC, Inc. “As online shopping evolves, this partnership brings together two high-performing and highly-complementary leaders in ecommerce. We look forward to welcoming the talented zulily team to the QVC Group as our shared values and beliefs create an incredibly strong foundation for us to collaborate across all aspects of the business and transform how we serve customers in new, digital-first ways.”

“zulily and QVC are two distinctive customer centric brands that are passionate about delivering an exceptional shopping experience and surprising and delighting our customers, each and every day. There are tremendous opportunities to accelerate the growth of the zulily brand for our customers, our employees, and our vendors with QVC’s partnership.” said Darrell Cavens, President and CEO, zulily, Inc. “Together, zulily and QVC have complementary philosophies about our approach to entertaining and engaging our customers and we’ll now have the ability to unlock synergies for growth and deliver new ways to innovate on the discovery commerce model and change the way people shop.”

While each company will maintain its distinctive and powerful brand identity, this transaction will enable both businesses to expand their product lineup, brand portfolio, and vendor network in order to bring new, exciting experiences and value to their customers. Through zulily, QVC will have access to additional platforms to market its unique assortment, from Today’s Special Value to exclusive proprietary brands. QVC’s expertise and resources in attractive categories like Beauty, Home Décor and Apparel Special Sizes will enable zulily to expand its category offerings, and expose its customers to a distinctive shopping experience through joint on-air and online programming events.

Additionally, both companies will be positioned to thrive through intelligent cross-marketing to a combined customer base of 19 million and millions more email prospects, leveraging QVC’s deep expertise in analytics and zulily’s powerful personalization tools.

QVC will look to leverage zulily’s technologies, which use historical and real-time data to customize offerings for millions of customer touch points every day, to enhance customer engagement. QVC also sees opportunities to utilize zulily’s extraordinarily agile and efficient digital content production system. Meanwhile, zulily will explore incorporating QVC’s deep video expertise, as well as its flexible customer finance systems, to enhance its shopping experience, and unlock incremental demand on its own platforms.

With live programming broadcasting to nine countries on three continents, QVC remains focused on global growth, reflected in the August 2015 launch of QVC France. QVC sees opportunities to further accelerate zulily’s international growth through its local market knowledge, vendor relationships and platforms.

Together under the QVC Group, zulily and QVC will be able to leverage their combined scale, capabilities and customer bases to accelerate each company’s sales and deliver cost savings by leveraging their combined purchasing volumes.

In connection with the transaction, Mike George is being appointed to the Executive Committee of the Liberty Interactive Board of Directors and will serve on that committee with John Malone, Chairman of the Board of Liberty Interactive, and Greg Maffei, President and CEO, Liberty Interactive. Darrell Cavens will report directly to Mike and the other members of the Executive Committee.

Following the close of the transaction, QVC and zulily will operate under a management structure that enables each company to remain focused on its respective business, yet facilitates close collaboration to drive benefits across the combined organization. zulily’s President and CEO, Darrell Cavens, will continue to lead the business, and the rest of zulily’s senior management team, which has been instrumental in the success of the company, will remain in place and continue to report to him. zulily Chairman and co-founder Mark Vadon will join the Board of Liberty Interactive and provide strategic counsel and support to the companies.

The transaction is expected to be completed in the fourth quarter of 2015, subject to regulatory approval and other conditions.

# # #

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 340 million homes worldwide through operations in the U.S., Japan, Germany, United Kingdom, Italy, France 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.

About zulily inc.
zulily (http://www.zulily.com) is a retailer obsessed with bringing customers special finds every day—all at incredible prices. zulily features an always-fresh curated collection for the whole family, including clothing, shoes, home décor, toys, gifts and more. Unique products from up-and-coming brands are featured alongside favorites from top brands, giving customers something new to discover each morning. zulily was launched in 2010 and is headquartered in Seattle. zulily’s shares are traded on the NASDAQ Global Select Market under the symbol ZU.

Forward Looking Statements
This press release includes certain forward-looking statements, including statements about the proposed acquisition of zulily by Liberty Interactive, the realization of estimated synergies and benefits from the proposed acquisition, business strategies, market potential, future financial prospects, new services and offerings, and other matters that are not historical facts. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, the satisfaction of conditions to the proposed acquisition and exchange offer. These forward looking statements speak only as of the date of this press release, and each of Liberty Interactive, QVC and zulily expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Liberty Interactive’s, QVC’s or zulily’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Liberty Interactive, QVC and zulily, including the most recent Forms 10-K and 10-Q, for additional information about Liberty Interactive, QVC and zulily and about the risks and uncertainties related to the business of each of Liberty Interactive, QVC and zulily which may affect the statements made in this press release.

Additional Information and Where to Find It
The exchange offer for the outstanding shares of zulily referenced in this communication has not yet commenced. This announcement is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares of zulily or Liberty Interactive, or to purchase shares of Liberty Interactive, nor is it a substitute for the registration statement and exchange offer materials that Liberty Interactive and/or its acquisition subsidiary will file with the U.S. Securities and Exchange Commission (the “SEC”) upon commencement of the exchange offer. At the time the offer is commenced, Liberty Interactive and its acquisition subsidiary will file exchange offer materials on Schedule TO and a registration statement on Form S-4 with the SEC, and zulily will file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the exchange offer. The exchange offer materials (including a Prospectus/Offer to Exchange, a related Letter of Transmittal and certain other offer documents) and the Solicitation/Recommendation Statement will contain important information. Holders of shares of zulily are urged to read these documents when they become available because they will contain important information that holders of zulily securities should consider before making any decision regarding tendering their securities. The Prospectus/Offer to Exchange, the related Letter of Transmittal and certain other offer documents, as well as the Solicitation/Recommendation Statement, will be made available to all holders of shares of zulily at no expense to them. The exchange offer materials and the Solicitation/Recommendation Statement will be made available for free at the SEC’s web site at http://www.sec.gov. Free copies of these documents will be made available by zulily by mail to zulily, inc., 2601 Elliott Avenue, Suite 200, Seattle, WA, 98121, Attention: Erica Yamamoto and free copies of the exchange offer materials will be made available by Liberty Interactive by directing a request to Liberty Interactive, 12300 Liberty Boulevard, Englewood, CO, 80112, Attention: Investor Relations, Telephone (720) 875-5420. In addition to the Prospectus/Offer to Exchange, the related Letter of Transmittal and certain other offer documents, as well as the Solicitation/Recommendation Statement, Liberty Interactive and zulily file annual, quarterly and special reports and other information with the SEC. You may read and copy any reports or other information filed by Liberty Interactive or zulily at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the public reference room. Liberty Interactive’s and zulily’s filings with the SEC are also available to the public from commercial document-retrieval services and at the website maintained by the SEC at http://www.sec.gov.

QVC Contact
Diane Zappas
484-701-1433
Diane.Zappas@qvc.com