Wegmans Food Markets to encourage customers to share one more meal each week at home with the family as part of National Family Meals Month

ROCHESTER, NY, 2015-8-26— /EPR Retail News/ — During September, Wegmans Food Markets will go all-out to encourage customers to share one more meal each week at home with the family. As part of National Family Meals Month, Wegmans will Tweet ideas for kid-friendly meals and table talk, offer links to yummy recipes in the e-newsletter Fresh News, and focus in Wegmans Menu magazine on how shared meals help the whole family. In stores, employees will share ideas that shorten the time it takes to get a meal on the table so there’s more time to enjoy being together.

Back-to-school time is here and dozens of studies show that eating together often as a family can improve children’s and teens’ lives in multiple ways, including better physical and mental health and stronger academic performance. A recent Cornell University study offers an overview of this research.

Yet many families struggle with organizing school and work schedules to make time for a sit-down meal, so Wegmans looked for advice from a voice of experience on how to make it happen. The company found that voice in Marda Heuman, RDN, Wegmans nutritionist for the Pennsylvania area, who also is a single working mom with two teenagers at home. Here are her top five tips:

Tip #1: Make it a priority. “In our house, we’ve had a tradition of family meals for years, and I don’t think my family is much different from lots of others,” Heuman says. “I work and I have two very active kids at home – a 17-year-old daughter in high school who’s a dancer and an 18-year-old son who played varsity soccer and is now going off to college. I do know how getting everyone’s schedules in sync can be frustrating – that’s why you need to prioritize this time together so you can make eating together a habit.”

Family mealtimes don’t always have to be dinner, she says. “If someone’s work shift or an activity runs through dinnertime, think about eating breakfast together or even a snack break. The exact time of day isn’t the important thing. What matters is that you carve out a little time to talk and eat.”

Tip #2: Make a plan. “My kids are involved in planning, and that’s a good way to make sure the kids are on board. We make a list of the proteins, vegetables, fruit, and starches that we like, and that’s our shopping list for the week. Most nights, dinner will be a combination of those things. Friday nights are special: we make our own pizza with Naan bread and healthy toppings and we watch a movie or a TV show together. It’s a fun way to relax and be together after a busy week.”

Tip #3: Fill the pantry. Shopping lists and weekly planners may not work as well for families whose schedules are hard to predict. The solution? “Fill the fridge, pantry and freezer with items that combine at the last minute for a healthy meal,” Heuman says. “Keep on hand items that can combine to make a quick dinner salad, such as canned beans or chickpeas, tuna, salad dressings, deli meats, hard-cooked eggs and pre-washed bags of salad greens. Other good pantry items include pasta, steamable packets of brown rice that are ready to serve after 90 seconds in the microwave, heat-and-eat Wegmans veggie bowls that come in lots of varieties, and ready-to-cook meat or seafood entrées in the meat and seafood departments of the store. Having a variety of bottled sauces and salsa on hand also makes it easier to bring variety and taste appeal to last-minute meals.”

Tip #4: Keep it Simple. The point of family meals is to create an atmosphere that encourages everyone to share what’s on their minds and enjoy a nourishing meal. “It works better when you’re not trying too hard,” Heuman says. “Pick recipes that are easy and avoid foods that may seem too exotic for kids. It’s fine to introduce new foods from time to time and to encourage kids to have a bite, but serving dinners that are simple and feature foods the kids like will give this tradition more staying power.”

One more “keep it simple” tip from Heuman: Keep distractions to a minimum during the family meal, so everyone can focus on the experience of being together. That may mean turning off the TV and other electronic devices.

Tip #5: Make it fun. “Conversation is as important as the food,” Heuman says, “so it’s good to think in advance about topics that will draw kids into the conversation and engage their imagination, like

  • What was the best part/worst part of your day today?
  • Where do you think the family should go on our next vacation? What should we bring along?
  • If you could be any animal, which one would you be, and why?

Through conversations like these that engage everyone, Heuman says, a deeper knowledge of everybody around the table emerges. Parents know their kids better, and kids discover sides of mom or dad that they didn’t see before.

Looking back on all the years that family meals have been a tradition in her home, Heuman has this to say: “Sharing meals has helped us be a stronger family. This habit has taught my kids to make good choices with food, to know what makes a healthy meal, to practice conversation and to understand table etiquette.”

That’s a lot of goodness to be thankful for!

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Wegmans Food Markets, Inc. is an 86-store supermarket chain with stores in New York, Pennsylvania, New Jersey, Virginia, Maryland, and Massachusetts. The family-owned company, founded in 1916, is recognized as an industry leader and innovator. Wegmans has been named one of the ‘100 Best Companies to Work For’ by FORTUNE magazine for 18 consecutive years, ranking #7 in 2015. The company also ranked #1 for Corporate Reputation, among the 100 ‘most-visible companies’ nationwide in the 2014 Harris Poll Reputation Quotient ® study.

Contact Information:  Jo Natale, vice president of media relations, 585-429-3627

CarMax to provide customers with VIN-specific recall information prior to sale

CarMax Provides Consumers with Information About Open Recalls Prior to Sale

Richmond, VA, 2015-8-26— /EPR Retail News/ — CarMax was founded to fundamentally change the way Americans buy used cars. For more than 20 years, CarMax has dedicated itself to providing customers with a straightforward, transparent car-buying experience that is based on integrity.

Drivers across the country recently have been forced to deal with an unprecedented number of manufacturer recalls. It is an issue that deserves all of our attention.

CarMax Provides Customers with VIN-Specific Recall Information

CarMax is committed to providing the most transparent car buying experience in the industry. To ensure our customers are well informed about recalls, CarMax provides vehicle-specific information about open recalls to every retail customer prior to purchasing a used vehicle from our stores.

Because many of our customers visit us first at carmax.com or on our mobile site or app, every vehicle on carmax.com includes a link to the National Highway Traffic Safety Administration’s (NHTSA) VIN lookup website, with the VIN pre-populated, allowing customers to obtain open recall information on any CarMax used vehicle.

Before any customer purchases a used vehicle, a CarMax associate and the customer review the vehicle’s NHTSA VIN-specific recall report. After this initial review, customers sign a form acknowledging receipt of this NHTSA recall report with their sales documents. We recommend that our customers register their vehicle with the manufacturer and urge them to have open recalls fixed immediately following purchase.

Open Recalls Can Only Be Cleared at a Manufacturer-Authorized Facility
The current recall system is based on the manufacturer’s relationship with its dealers and registered vehicle owners, and not with independent used auto retailers, like CarMax. Among other things, this means that manufacturers have not authorized CarMax to complete recall repairs and close out recalls.

Our experience shows us customers are in the best position to act on recall information directly with a manufacturer-authorized dealer. We have found that dealers are often more likely to provide timely recall repair to customers rather than to a competitor, like CarMax, so we encourage customers to have recalls repaired at a manufacturer-authorized facility.

CarMax is built on integrity – and has been recognized nationally for this commitment. Ninety five percent of our purchasers say they would recommend us to family and friends. We believe this continued loyalty is due to the straightforward and transparent car buying experience that we continue to provide.

Additional Resources:
CarMax Recall Notification Video: How we ensure our customers are well informed about recalls online and in our stores
Infographic on the U.S. Recall System
Examples of CarMax recall communications can be found here.

For Media Inquiries Only Contact:

PR Hotline: (855) 887-2915
Email: PR@Carmax.com

 

SOURCE: CarMax Business Services, LLC

SoftBank will exclusively offer a fully integrated Netflix experience, including billing, when Netflix Japan launches on September 2

TOKYO, 2015-8-26— /EPR Retail News/ — SoftBank Corp, Japan’s leading mobile provider, and Netflix Inc., the world’s leading Internet TV network, today announced SoftBank, among Japanese telecommunications companies, will exclusively offer a fully integrated Netflix experience, including billing, when Netflix Japan launches on September 2.

Netflix also announced monthly pricing for the Japanese market as follows:

-Basic Plan – Single-stream standard definition for 650 JPY (pre-tax)
-Standard Plan – Two-stream high definition for 950 JPY (pre-tax)
-Premium Plan – Four-stream 4K ultra-high definition “family” plan for 1,450 JPY (pre-tax)

Under the agreement, SoftBank customers will be able to sign up for Netflix at SoftBank Shops, major electronics retailers, via the SoftBank website and via SoftBank call centers without filling out payment information, with Netflix’s monthly fee added to their bill. In addition, SoftBank will begin pre-installing the Netflix app on its smartphones for sale after October 2015.

About Netflix
Netflix is the world’s leading Internet television network with over 65 million members in over 50 countries enjoying more than 100 million hours of TV shows and movies per day, including original series, documentaries and feature films. Members can watch as much as they want, anytime, anywhere, on nearly any Internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.

Netflix Media Contacts:
Jonathan Friedland
jofriedland@netflix.com
+1 310-734-2958

Keiko Nakajima
knakajima@netflix.com

Raley’s pharmacy’s customer service ranked among the top three in the nation

Fair Oaks, CA, 2015-8-26— /EPR Retail News/ — A major consumer publication has rated Raley’s pharmacy’s customer service among the top three in the nation. The research analyzed data specifically from the perspective of customer service to determine how satisfied print and online respondents were on a variety of customer care aspects such as staff courtesy and helpfulness. “We are extremely proud of the professional service that our pharmacists and pharmacy staff provide to their patients every day,” said Lee Worthy, Raley’s VP of Pharmacy. “They take great pride in providing the highest levels of care, one individual at a time. We would also like to thank our loyal customers for this huge honor.”

In 2014, a leading national consumer magazine rated Raley’s the best pharmacy in the West in an annual ranking of the top pharmacies and drug stores on a variety of consumer experiences including personal service, knowledge, speed, accuracy, helpfulness and courtesy.

SOURCE: Raley’s Family of Fine Stores
AUTHOR: Kat Maudru

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Raley’s pharmacy’s customer service ranked among the top three in the nation

Raley’s pharmacy’s customer service ranked among the top three in the nation

Kroger associates working at stores in its Columbus division ratified new labor agreement with UFCW Local 1059

COLUMBUS, Ohio, 2015-8-26— /EPR Retail News/ — The Kroger Co. (NYSE:KR) today announced that associates working at stores in Kroger’s Columbus division have ratified a new labor agreement with UFCW Local 1059.

“We are pleased to reach an agreement that is good for our associates. This new contract provides wage increases, affordable health care and ongoing investment in our associates’ pension fund to support their retirement,” said Joe Grieshaber, president of Kroger’s Columbus division. “This agreement comes after thoughtful and productive work by both the company and union bargaining committees. I want to thank our associates for supporting the agreement and for the excellent service they provide to our customers every day.”

The contract covers more than 12,000 associates working in 85 stores, 64 fuel centers and 83 pharmacies in the Columbus metro area and suburbs and region.

Kroger, one of the world’s largest retailers, employs nearly 400,000 associates who serve customers in 2,626 supermarkets and multi-department stores in 34 states and the District of Columbia under two dozen local banner names including Kroger, City Market, Dillons, Food 4 Less, Fred Meyer, Fry’s, Harris Teeter, Jay C, King Soopers, QFC, Ralphs and Smith’s.  The company also operates 780 convenience stores, 327 fine jewelry stores, 1,342 supermarket fuel centers and 37 food processing plants in the U.S.  Recognized by Forbes as the most generous company in America, Kroger supports hunger relief, breast cancer awareness, the military and their families, and more than 30,000 schools and community organizations. Kroger contributes food and funds equal to 200 million meals a year through more than 100 Feeding America food bank partners. A leader in supplier diversity, Kroger is a proud member of the Billion Dollar Roundtable and the U.S. Hispanic Chamber’s Million Dollar Club.

SOURCE The Kroger Co.

BJ’s Restaurants opened its new restaurant in Little Rock, Arkansas

HUNTINGTON BEACH, Calif., 2015-8-26— /EPR Retail News/ — BJ’s Restaurants, Inc.(NASDAQ:BJRI) today announced the opening of its new restaurant in Little Rock, Arkansas onMonday, August 24, 2015. The new BJ’s Restaurant & Brewhouse® is located on a free-standing pad in front of the 900,000 square foot super-regional McCain Mall. The restaurant is approximately 7,300 square feet, seats approximately 225 guests and features BJ’s extensive menu, including BJ’s signature deep-dish pizza, award-winning handcrafted beer and famous Pizookie® dessert. BJ’s unique, contemporary décor provides the perfect environment for all dining occasions. Hours of operation are from 11:00 a.m. to 12:00 midnight Sunday through Thursday, and 11:00 a.m. to 1:00 a.m. Friday and Saturday.

“We are excited to open our second restaurant in Little Rock, Arkansas,” commented Greg Trojan, President and CEO. “The new restaurant joins our other successful Little Rock location which opened in March 2014 at the Shackleford Crossing Shopping Center. To date, we have successfully opened 13 new restaurants. We currently remain on track to open three more restaurants before Thanksgiving, thereby achieving our stated goal of 16 new restaurants during fiscal 2015.”

BJ’s Restaurants, Inc. currently owns and operates 169 casual dining restaurants under the BJ’s Restaurant & Brewery®, BJ’s Restaurant & Brewhouse®, BJ’s Pizza & Grill® and BJ’s Grill® brand names. BJ’s Restaurants offer an innovative and broad menu featuring award-winning, signature deep-dish pizza complemented with generously portioned salads, appetizers, sandwiches, soups, pastas, entrees and desserts, including the Pizookie® dessert. The Company operates several microbrewery restaurants in addition to using independent third party brewers to produce and distribute BJ’s critically acclaimed craft beers. The Company’s restaurants are located in the 22 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas,Kentucky, Louisiana, Maryland, Nevada, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Virginia and Washington. Visit BJ’s Restaurants, Inc. on the Web at http://www.bjsrestaurants.com.

Certain statements in the preceding paragraphs and all other statements that are not purely historical constitute “forward-looking” statements for purposes of the Securities Act of 1933 and the Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbors created thereby. The “forward-looking” statements contained in this press release are based on current assumptions and expectations and BJ’s Restaurants, Inc. undertakes no obligation to update or alter its “forward-looking” statements whether as a result of new information, future events or otherwise. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements contained in the Company’s filings with the Securities and Exchange Commission, including its recent reports on Forms 10-K, 10-Q and 8-K.

For further information, please contact Greg Levin of BJ’s Restaurants, Inc. at (714) 500-2400 or JCIR at (212) 835-8500 or at bjri@jcir.com.

Frisch’s Restaurants, Inc. shareholders approved a merger transaction with an affiliate of NRD Partners I, L.P.

CINCINNATI, OH, 2015-8-26— /EPR Retail News/ — The shareholders of Frisch’s Restaurants, Inc. (NYSE MKT: FRS) met today and approved a merger transaction with an affiliate of NRD Partners I, L.P.(“NRD”). As part of the transaction, each outstanding share of Frisch’s stock will be converted into the right to receive the $34.00 per share merger consideration, valuing the acquisition at approximately$174.5 million.  Following today’s closing of the transaction, the Company’s shares will no longer trade on the NYSE MKT and will be formally delisted on September 4, 2015.

“This is an exciting day for Frisch’s and we are very pleased that our stockholders, through the exercise of their vote, have shown substantial support for the Board’s decision to accept NRD’s offer,” said Craig F. Maier, Frisch’s President and Chief Executive Officer.

Aziz Hashim, NRD’s Chief Executive Officer, said, “We are delighted to have the acquisition finalized and we are looking forward to taking one of America’s most iconic and adored family restaurant brands into a very bright future.”

About Frisch’s Restaurants, Inc.
Frisch’s is a regional company that operates full service family-style restaurants under the name “Frisch’s Big Boy.”  All Frisch’s Big Boy restaurants are currently located in various regions of Ohio, Kentuckyand Indiana.  The Company owns the trademark “Frisch’s” and has exclusive, irrevocable ownership of the rights to the “Big Boy” trademark, trade name and service marks in the states of Kentucky andIndiana, and in most of Ohio and Tennessee.  All of the Frisch’s Big Boy restaurants also offer “drive-thru” service.  The Company also licenses Big Boy restaurants to other operators, currently in certain parts of Ohio, Kentucky and Indiana.

About NRD Partners I, L.P.
NRD Partners I, L.P. (NRD) is a private equity fund founded by Aziz Hashim to fill a commonly perceived gap in franchise equity investing.  NRD seeks to acquire brands that offer superior products and compelling unit economics and help them grow to their fullest potential through NRD’s expanding network of franchisee investors. For more information, please visit www.nrdcapital.com

Cautionary Statement concerning Forward Looking Statements

Statements in this press release that are not descriptions of historical facts may be “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. In some cases, these forward-looking statements may be identified by the use of words such as “may”, “will”, “expect”, “plan”, “anticipate”, “believe”, or “project”, or the negative of those words or other comparable words.  Any forward-looking statements included in this communication are made as of the date hereof only, based on information available to Frisch’s Restaurants, Inc. as of the date hereof, and subject to applicable law to the contrary.  Frisch’s Restaurants, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.  Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause Frisch’s Restaurants, Inc.’sactual results to differ materially from those suggested by the projected information in such forward-looking statements.  Such risks and uncertainties include, among others:  any conditions imposed on the parties in connection with the consummation of the merger transactions described herein; adoption of the merger agreement by Frisch’s Restaurants, Inc.’s shareholders (or the failure to obtain such adoption); the ability to obtain regulatory approvals of the merger and the other transactions contemplated by the merger agreement on the proposed terms and schedule; Frisch’s Restaurants, Inc.’s ability to maintain relationships with customers, employees or suppliers following the announcement of the merger agreement and the transactions contemplated thereby; the ability of third parties to fulfill their obligations relating to the proposed transactions, including providing financing under current financial market conditions; the ability of the parties to satisfy the conditions to closing of the proposed transactions; the risk that the merger and the other transactions contemplated by the merger agreement may not be completed in the time frame expected by the parties or at all; and the risks that are described from time to time in Frisch’s Restaurants, Inc.’s reports filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the fiscal year ended June 3, 2014, filed with the Securities and Exchange Commission on August 7, 2014, in other of Frisch’s Restaurants, Inc.’s filings with the Securities and Exchange Commission from time to time, including Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and on general industry and economic conditions.  Readers are cautioned not to place undue reliance on the forward-looking statements.

SOURCE Frisch’s Restaurants, Inc.

Company Contact: Mark R. Lanning, Vice President – Finance and CFO, Frisch’s Restaurants, Inc., (513) 559-5200, www.frischs.com, investor.relations@frischs.com

Lowe’s celebrates 10 years of its Toolbox for Education grant program

MOORESVILLE, N.C., 2015-8-26— /EPR Retail News/ — Lowe’s is celebrating 10 years of its Toolbox for Education grant program with a twist – it’s giving educators an assignment that involves their students. Letters to Lowe’s is a writing campaign encouraging teachers to share their students’ ideas on how to improve their schools. With the help of Kyle Schwartz, who received national attention after tweeting her students’ eye-opening responses to the sentence “I wish my teacher knew,” Lowe’s is inviting educators acrossthe United States to ask their students to write about what their school needs most and submit their responses. Lowe’s will select 10 finalist schools and then invite the public to vote for which four schools should receive a $25,000 grant.

“Students have a powerful voice when it comes to education,” said Kyle Schwartz, who teaches third grade at Doull Elementary School in Denver, Co.Letters to Lowe’s gives teachers an opportunity to empower their students to think critically in a way that helps build a strong learning community and could lead to improving their school.”

Over the past decade, Lowe’s Toolbox for Education® has provided nearly $45 million in grants that have benefited more than 6 million K-12 public school students through school improvement projects. According to Department of Education statistics, 53 percent of public schools require repairs, renovations and modernization to put their buildings in good overall condition – a need the Toolbox for Education program strives to address. Typically, grant applications are submitted by educators and school administrators only, but Letters to Lowe’s seeks inspiration from students on what improvements would make the biggest impact at their school.

Since 2005, Lowe’s Charitable and Educational Foundation has funded Toolbox for Education grants in all 50 states, supporting projects such as technology upgrades, playground refurbishments, community gardens and safety improvements. Toolbox for Education grants are awarded annually in spring and fall. This year the Letters to Lowe’scampaign is offered in addition to the regular fall grants cycle and will include the hands-on help of Lowe’s Heroes employee volunteers.

“At Lowe’s, we believe K-12 public education is the foundation to building bright futures and stronger communities,” said Joan Higginbotham, Lowe’s director of community relations. “We are excited about the Letters to Lowe’s campaign and are truly proud of the impact we’ve made throughout the 10-year history of our Toolbox for Education program.  We can’t wait to see what the next 10 years bring.”

Lowe’s Toolbox for Education grant recipients from previous years include:

  • Metcalfe Elementary School, Gainesville, Florida: The Lowe’s Charitable and Educational Foundation awarded a $20,000 grant to Metcalfe Elementary to build a playground. The school was without a playground for two years.
  • Jane Addams Middle School, Bolingbrook, Illinois: A $5,000 grant helped the school make its garden more accessible. Volunteers planted edible vegetation and installed seating areas for staff and students to enjoy the garden.
  • Harvey Jones Elementary School, Springdale, Arkansas: A $15,000 grant enabled the school to renovate its gymnasium for the first time in more than 20 years. The grant funded new flooring and mats to cover the walls to make the gym safer for students.
  • Highland High School, Monterey, Virginia: Highland High School received a $25,000 grant to install new energy-efficient windows. After 50 years of use, the condition of its previous windows led to increased heating and cooling expenses.

Teachers can submit Letters to Lowe’s on behalf of their students from August 24 through October 2.  The public will be invited to vote for the top four schools during the week ofOct. 26. For more information or to submit a letter, visit www.letterstolowes.com.

ABOUT LOWE’S
Lowe’s, a FORTUNE® 50 home improvement company, has a 50-year legacy of supporting the communities it serves through programs that focus on K-12 public education and community improvement projects. Since 2007, Lowe’s and the Lowe’s Charitable and Educational Foundation together have contributed nearly $200 million to these efforts, and for more than two decades Lowe’s Heroes employee volunteers have donated their time to make our communities better places to live. To learn more, visit Lowes.com/SocialResponsibility and LowesInTheCommunity.tumblr.com.

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Lowe’s celebrates 10 years of its Toolbox for Education grant program

Lowe’s celebrates 10 years of its Toolbox for Education grant program

Sigma Pharmaceuticals: Dr Cindy Pan will continue as Guardian Pharmacies Professional Services ambassador for another year

VICTORIA, AUSTRALIA, 2015-8-26— /EPR Retail News/ — Sigma Pharmaceuticals and the company’s flagship pharmacy brands Amcal, Amcal Max and Guardian are proud to announce that Dr Cindy Pan will continue as Guardian Pharmacies Professional Services ambassador for another year. In addition, Dr Pan will now be representing professional services for the Amcal brand.

Dr Pan has been the Guardian Health Ambassador for the last three years in a successful association that Sigma are delighted to continue and extend across the Amcal network. As a well-respected medical practitioner, media commentator and mother, Cindy embodies and provides a very clear connection to the company’s values and what Australian’s feel are important when it comes to professional advice and genuine care.

“There are few things in life more important than health and each individual’s alliance with their caring GP and pharmacist is such a crucial one. As a GP, it is an honour to work with Amcal and Guardian Pharmacies to promote health and health awareness with an emphasis on tailored, individualised care and professional advice,” Dr Pan said.

Sigma has also extended the role of successful model and television presenter Rachael Finch as the Beauty Ambassador across the Amcal and Guardian network for another year. Ms Finch will continue to help build the company’s private and exclusive beauty brands such as its successful Colour Theory range.

For more information please contact:
Gary Woodford
Corporate Affairs Manager
Sigma Pharmaceuticals Limited
gary.woodford@signet.com.au
Mobile: 0417 399 204

About Sigma:
Sigma is a full line wholesaler and distributor of pharmaceuticals products across Australia, with sales in excess of $3 billion. Sigma employs over 1,000 people, has 15 distribution centres Australia wide delivering in excess of 600,000 products daily, and owns the largest pharmacy-led network in Australia.

Kimco Realty expanded its highly regarded innovative incubator program Kimco Entrepreneurs Year Start (KEYS)

Kimco KEYS encourages entrepreneurs in the Northeast to unlock success

NEW HYDE PARK, N.Y., 2015-8-26— /EPR Retail News/ — Kimco Realty Corporation (NYSE: KIM) is pleased to announce that it has expanded its highly regarded Kimco Entrepreneurs Year Start (KEYS) program into Connecticut, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, and Rhode Island. KEYS is an innovative incubator program for aspiring entrepreneurs seeking to launch their first retail venture, service operation, or restaurant. The program places qualified applicants into Kimco shopping centers with one year of free rent and additional benefits.

KEYS was launched as a pilot program in California in 2012, and it has since expanded into a total of 19 states across the U.S. There are hundreds of small shops (2,500 square feet and under) available for KEYS participants, including pre-built restaurant spaces. Through KEYS, several retail entrepreneurs in the Western region have already been able to turn their passions into profitable businesses, and this expansion will give aspiring business owners in the Northeast equal opportunity to succeed with Kimco’s guidance.

“At Kimco, small shops are an integral part of our neighborhood and community shopping centers, adding diversity, value, and a local touch to our tenant mix,” said Conor Flynn, President and Chief Operating Officer at Kimco. “Providing operational and financial support through the critical start-up incubation years is part of our commitment to encourage small businesses, as well as women, minority and veteran-owned businesses, to open their doors and flourish.”

KEYS program participants benefit from:
• One year of free rent
• Affordable first year property charges to minimize initial overhead (standard triple net fees shall apply)
• Access to personal Kimco retail business counselors
• The flexibility of exercising a four-year lease option after the first year
• Access to shop space in established retail centers

Interested KEYS applicants are asked to provide a written business plan with specific goals and objectives, and demonstrate adequate funding for their venture. An endorsement, certificate, degree, or letter of completion from small business educational classes, NxLeveL, Small Business Development Center, or a college or university is also recommended.

Earlier this year, Kimco announced an alliance with NxLeveL Education Association to provide comprehensive 30-hour educational course programs for start-up entrepreneurs and prospective business owners interested in opening their first retail store, restaurant, or service operation. NxLeveL, the nation’s largest entrepreneurial training network, with more than 300,000 graduates and 8,000 certified instructors, offers a practical, hands-on approach to preparing and executing a business plan.

For more information on the Kimco KEYS program or to obtain an application, please visit www.KimcoKeys.com or call 1-888-668-1690.

About Kimco
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of June 30, 2015, the company owned interests in 727 shopping centers comprising 107 million square feet of leasable space across 39 states, Puerto Rico, Canada, and Chile. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

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Contact:
David F. Bujnicki
Vice President, Investor Relations and Corporate Communications
1-866-831-4297
dbujnicki@kimcorealty.com

 

The International Council of Shopping Centers (ICSC) integrated SPREE Meetup into its annual Western Conference

Specialty retail program to be integrated into highly attended Western Conference in San Diego on Sept. 17 

NEW YORK, 2015-8-26— /EPR Retail News/ — The International Council of Shopping Centers (ICSC) has integrated SPREE Meetup, a dynamic program dedicated to the cart, kiosk and specialty retail industry, into its annual Western Conference, providing regional specialty retailers and shopping center professionals the opportunity to collaborate, expand their networks and make deals.

SPREE Meetup agenda highlights include speed networking, specialty leasing roundtable discussions, and a one-hour educational session led by social media guru and expert Crystal Vilkaitis, “Leveraging the Power of Social Media to Grow Your Specialty Retail Business,” which will provide counsel about the best social media tools to invest in and how to use these tools to gain a sales and marketing edge.

“We launched SPREE Meetup in response to strong demand in the regional marketplace. We are excited to facilitate a more personal environment where industry professionals can really build relationships,” said Patricia Norins, ICSC vice president of specialty programs. “The more opportunities we provide specialty retail professionals, the more deals get done. The mission of SPREE Meetup aligns with our overall mission to grow the specialty retail industry’s bottom line.”

The concentrated program will take place from 9:00 a.m. to 12:30 p.m. on Sept. 17 at the San Diego Convention Center – a fitting location, as California is the number one market for the $8 billion specialty retail industry. The event is certain to receive crossover from one of ICSC’s largest conferences, the Western Conference, which is expected to attract more than 4,000 attendees.

SPREE Meetup is free to attend and advanced registration is encouraged via SPREE’s online registration portal that can be accessed here.

Founded in 1957, ICSC is the premier global trade association of the shopping center industry. Its more than 70,000 members in over 100 countries include shopping center owners, developers, managers, marketing specialists, investors, retailers and brokers, as well as academics and public officials.  For more information, visit www.icsc.org.

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Wegmans Pharmacy ranks highest among supermarket pharmacies in J.D. Power and Associates U.S. Pharmacy Study

ROCHESTER, NY, 2015-8-26— /EPR Retail News/ — The J.D. Power 2015 U.S. Pharmacy StudySM was released yesterday, with Wegmans Pharmacy ranking highest among supermarket pharmacies with an overall satisfaction score of 887.

The study, now in its ninth year, measures customer satisfaction among all categories of ‘brick and mortar’ pharmacies, including chain drug stores, mass merchants, and supermarkets, as well as mail-order pharmacies. Wegmans’ 887 score was the highest among all pharmacy categories.

Satisfaction, calculated on a 1,000-point scale, was measured across five factors: prescription ordering; store; cost competitiveness; non-pharmacist staff; and pharmacist. Satisfaction with mail order pharmacies is measured across four factors: cost competitiveness; prescription delivery; prescription ordering process; and customer service experience.

“Our pharmacy employees have built relationships with our customers that start with caring,” says CEO Danny Wegman. “The results of this study are important because they show the extent to which our customers value those relationships and trust our people.”

Overall satisfaction with supermarket pharmacies improved to 851 in 2015, up from 843 in 2014, while satisfaction with chain drug store pharmacies improves by 2 points to 842. Satisfaction with mail order pharmacies drops by 2 points to 820, and satisfaction with mass merchandiser pharmacies drops to 822 from 830.

The 2015 U.S. Pharmacy Study is based on responses from 14,914 pharmacy customers who filled a new prescription or refilled a prescription during the three months prior to the survey period. The study was fielded in May and June 2015.

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Wegmans Food Markets, Inc. is an 86-store supermarket chain with stores in New York, Pennsylvania, New Jersey, Virginia, Maryland, and Massachusetts. The family-owned company, founded in 1916, is recognized as an industry leader and innovator. Wegmans has been named one of the ‘100 Best Companies to Work For’ by FORTUNE magazine for 18 consecutive years, ranking #7 in 2015. The company also ranked #1 for Corporate Reputation, among the 100 ‘most-visible companies’ nationwide in the 2014 Harris Poll Reputation Quotient ® study.

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

Sonia Kashuk’s 2nd capsule collection of luxe, limited-edition cosmetics inspired from the markets in Istanbul available August 2015 at Target® and Target.com

Minneapolis, 2015-8-26— /EPR Retail News/ — Fall 2015 is all about wearable color. Drawing inspiration from the markets in Istanbul, Sonia Kashuk designed a line of seasonal shades to create her second capsule collection of luxe, limited-edition cosmetics. The formulas are packaged in burgundy plaid – a staple of the season – reimagined in a modern, graphic print. Available August 2015 at Target® and Target.com.

Grand Bazaar Color Palette – Inspired by the rich colors and textures at the famous bazaars, Sonia created this classic palette with warm, earthy pinks for eyes and cheeks. The matte pale pink and deep rose blush shades deliver a natural-looking flush to cheeks, while the quad of soft, blendable eye shadows in universally flattering shades give you the flexibility to create beautiful color combinations for day or night. Includes, a pearly white, muted pink, subtle shimmery auburn and deep plum shadows to highlight and define eyes. Now available in Spice Market.
Price: $19.99

Grand Bazaar Illuminating Loose Powder – Impart a candlelit glow with Sonia’s new high- performance illuminating loose powder, which naturally catches the light for a luxe, radiant finish. The silky, ultra lightweight formula instantly brightens and evens the complexion. Now available in Exotic Crystal, a soft, rose gold pink.
Price: $12.99

Grand Bazaar Matte Lipstick – Create a polished lip look for fall with sophisticated shades of velvety matte color. The creamy formula applies smoothly and moisturizes lips with wild mango butter. The two new shades include: Crushed Berry, a rich bordeaux and Crushed Petal, a pinky mauve.
Price: $11.99 (each)

Grand Bazaar Liquid Lip – Treat lips to this highly-pigmented, long-wearing liquid lip color in classic wine-colored hues. Created with a blend of oils, the creamy formula leaves lips with a balm-like softness and delivers vibrant color payoff with a glossy finish. The two new shades include: Blush Wine, a soft, pinky violet and Vintage Wine, a full-bodied burgundy.
Price: $11.99 (each)

Grand Bazaar Nail Colour – Lacquer your nails in the season’s must-have hue with Sonia’s signature Nail Colour. The long-wearing 3-free formula glides on easily and delivers a chip- resistant, ultra-sheen finish. Now available in Spice it Up, a cinnamon marsala.
Price: $4.59

Grand Bazaar Hidden Treasure Chubby Brush Set – This is it, true beauty on the go! The 5- piece set with full sized heads works perfectly with the Grand Baazar Color Palette, which both slip into the carrying case for touch-ups anytime, anywhere. This set includes a powder brush, small eye shadow brush, concealer brush, crease brush and smudge brush.
Price: $19.99

Grand Bazaar The Sultan Kabuki Brush –The dome-shaped brush with plush bristles will evenly distribute a translucent layer of powder or bronzer for an airbrushed look. Perfectly pairs with the Grand Baazar Illuminating Loose Powder for a flawless application.
Price: $12.99

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Sonia Kashuk Fall 2015 Skincare Collection will be available August 2015 at Target® and Target.com

Minneapolis, 2015-8-26— /EPR Retail News/ — Known as the pioneer of bringing luxury the masses, Sonia Kashuk continues her focus on design, performance, and quality with a new skincare collection. Exquisitely designed packaging and beautiful textures with outstanding performance transforms the art of makeup removal into an indulgent ritual. The edited range highlights the cornerstone of a good skincare routine with luxurious cleansers, an exfoliating toner and detoxifying mask, each formulated with innovative ingredients to deliver effective results, at a surprisingly affordable price. Available August 2015 at Target® and Target.com.

NEW Resurface Gentle Exfoliating Wash – This creamy, paraben and sulfate-free scrub cleanses and exfoliates in one simple step to reveal fresh, even-toned skin. Micronized, hard- shelled algae gently polishes away dead skin cells and a regenerating botanical complex stimulates cell renewal. Hydrating grape seed and sunflower seed oils, soothing aloe vera and pro-vitamin B5 condition the skin for a healthy glow.
Price: $14.99

NEW Renew Micro Exfoliating Toner – This light, refreshing toner provides gentle exfoliation for a radiant looking complexion. Willow bark extract works to exfoliate, aloe vera and pro- vitamin B5 soothes the skin and sodium hyaluronate locks in moisture. The paraben and alcohol- free formula doesn’t strip the skin and contains Vitamin C and resveratrol to help protect against future damage. Price: $14.99

NEW Detox Purifying Black Mask – This clay-based mask contains kaolin to absorb oil and impurities from skin. With superb anti-aging qualities, the mask features a combination of effective alpha-hydroxy acids – glycolic acid to slough off dead skin cells, lactic acid to stimulate cell growth, mandelic acid for anti-bacterial properties and salicylic acid to smooth texture. White tea provides antioxidant protection and aloe vera, calendula flower and chamomile extracts soothe and moisturize. Eucalyptus and peppermint essential oils have astringent properties to tone the skin, while cucumber and licorice extracts brighten for a more unified complexion. Price: $15.99

NEW Dissolve Gel to Oil Makeup Removing Cleanser – The ground-breaking formula applies to skin as a gel and transforms into a weightless oil to melt away makeup, debris and impurities. Skin is left clean without being stripped of its natural oils and radiance. Vegetable glycerin and coconut oil naturally cleanse the skin, while camellia oil purifies. Abyssinica seed oil nourishes and protects against moisture loss. The paraben-free formula is suitable for all skin types. Price: $14.99 (Launching in November 2015)

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We strive to return all of our media inquiries within one business day.

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(612) 696-3400

Sonia Kashuk Fall 2015 Collection at Target® and Target.com from August 2015

Minneapolis, 2015-8-26— /EPR Retail News/ — Available August 2015 at Target® and Target.com.

NEW Chic Defining Lightening Stick – The perfect complement to the best-selling Chic Defining Contour Stick, this creamy formula glides on to mimic natural light reflections for a lifting effect. The soft-textured stick contains African Walnut Seed Oil and Pistachio Butter – both rich in fatty acids and antioxidants – for coverage that melts into skin, sculpting features for a flawless face.
Price: $10.99

NEW Undercover Liquid Concealer – This anti-aging liquid concealer creates the look of lifted, luminous and smooth skin. The soft and creamy formula is packed with power actives including Vitis Vita for triple anti-aging benefits – hydration, protection and detoxification. The anti-fatigue, anti-puffiness complex revives eyes and the rounded sponge applicator provides a fool-proof application. Available in two shades: Light & Medium.
Price: $9.99 each

NEW The Brow Kit – Groom brows for the most face flattering arch with these must-have tools. Includes tweezers and small scissors for shaping, a double-ended spoolie and brush for grooming and a universal pommade to deliver bold definition by filling in sparseness and holding strays in place.
Price: $19.99

NEW Longwear Eye Definer – Create sultry, defined eyes with this buildable, creamy and highly-pigmented liner. Available in four shades, the long-wearing formula is perfect for creating on-trend eye looks in fall’s most-wanted hues. Available in seven shades: Black Onyx, Black Diamond, Dark Chocolate, Dark Purple, Burnished, Olive and Slate.
Price: $7.99 each

SHADE ADDITIONS

Eyeshadow Quad – These earthy shades are an ethereal combination. The satin-finish formula feels creamy upon application and fuses to skin for maximum coverage and wear. Mother Nature features wearable, shimmery neutrals paired with a lush green and sophisticated violet-grey shade.
Price: $13.69

Nail Colour –Sonia’s signature 3-free formula delivers creamy, long-lasting color with a high- shine, chip-resistant finish. Available in two new shades: Peace & Love, a deep violet, and Dyno-Mite, a burnt orange and cult favorites: Starlet Scarlet, a true red, Wicked Attraction, a rich oxblood and Tumultuous Teal, a deep blue-green.
Price: $4.79 each

NEW Lip Definer – An innovative new formulation of Sonia’s best-selling liner. The formula glides on to easily contour lips with rich color in a smooth finish. Available in the existing nine shades: Hibiscus, Maple, Natural, Nude, Petal, Pink Whisper, Plum, Rosewood and True Red.
Price: $5.99 each

NEW Undetectable Loose Powder – Brighten and smooth imperfections. This high performance setting powder absorbs excess oil and diffuses light to soften fine lines and imperfections for an airbrushed appearance. Available in two shades: Light and Medium.
Price: $9.99 each

NEW Undetectable Pressed Powder – Set makeup for long-lasting results. The weightless and microfine-pressed powder seals makeup for enhanced wear and refines the complexion to leave skin looking even and smooth. Available in two shades: Light and Medium.
Price: $9.99 each

UPDATED Kashuk Tools – Kashuk Tools are getting sleeker. A touch of gold elevates the high quality and iconic brush line. The Kashuk Tools line includes:

Precision Pencision Pencil Brush No. 31 – $9.99

Synthetic Concealer Brush No. 32 – $10.99

Contour Brush Brush No. 30 – $15.79

Domed Blusher Brush No. 29 – $17.99

Medium Eye Shadow Brush No. 28 – $10.99

Synthetic Angled Eye Liner Brush No. 27 – $9.99

Angled Crease Brush No. 26 – $10.99

Dense Blush/ Powder Brush No. 24 – $17.99

Large Domed Eye Shadow Brush No. 20 – $12.99

Medium Multipurpose Powder Brush No. 17 – $17.99

Synthetic Domed Multipupose Brush No. 16 – $18.99

Small Kabuki Brush No. 15 – $17.99

Brow Groomer with Metal Comb No. 14 – $8.99

Synthetic Crease Shadow Brush No. 08 – $10.99

Small Eye Shadow Brush No. 07 – $9.99

Blusher Brush No. 02 – $17.99

Synthetic Foundation Brush No. 05 – $14.99

Synthetic Flat Top Multipurpose Brush No. 04 – $15.99

Large Powder Brush No. 01 – $19.99

media hotline

We strive to return all of our media inquiries within one business day.

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(612) 696-3400

Sonia Kashuk, Target partner with The Breast Cancer Research Foundation to raise money in support of the fight against breast cancer

Minneapolis, 2015-8-26— /EPR Retail News/ — Sonia Kashuk, breast cancer survivor and beauty entrepreneur, and Target® Corp (NYSE:TGT) have partnered with The Breast Cancer Research Foundation® (BCRF) for the ninth straight year offering an exclusive brush set to raise money in support of the fight against breast cancer.

Sonia Kashuk’s Proudly Pink Five-Piece Purse Brush Set will be available year round and 15 percent of the purchase price benefits BCRF.

Kashuk realized early on that makeup empowers, inspires and motivates women and her passion and talent has established her as one of the beauty industry’s leaders. Due in part to her own experience with breast cancer, it is Sonia Kashuk’s mission to share her wisdom with women to help discover their true inner and outer beauty.

Proudly Pink Five-Piece Purse Brush Set ($15.99)

Feel beautiful inside and out with this set of professional–quality makeup brushes with luxe black handles, bright pink trim and plush black bristles. Housed in a structured black makeup case with vibrant pink lining and a stylish black zipper, this signature set includes a powder/blusher brush, synthetic concealer brush, small eyeshadow brush, crease brush and synthetic angled eyeliner brush.

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.

Sonia Kashuk has been creating beauty and glamour for all since 1999 and is Target’s longest standing design partner.

media hotline

We strive to return all of our media inquiries within one business day.

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(612) 696-3400

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Magnit 1H 2015: 1,017 stores added; Revenue increased by 30.30% YoY

Krasnodar, RUSSIA, 2015-8-26— /EPR Retail News/ — PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces its reviewed 1H 2015 results prepared in accordance with IFRS.

During 1H 2015 the Company added (net) 1,017 stores (546 convenience stores, 11 hypermarkets, 13 “Magnit Family” stores and 447 drogerie stores) and increased its selling space by 23.17% in comparison to 1H 2014 from 3,189.21 thousand sq. m. to 3,928.00 thousand sq. m. The total store base as of June 30, 2015 reached 10,728 stores (8,890 convenience stores, 201 hypermarkets, 110 “Magnit Family” stores and 1,527 drogerie stores).

Revenue increased by 30.30% YoY from 349,047.11 million RUR in 1H 2014 to 454,808.63 million RUR in 1H 2015. The top line growth was due to an increase in selling space as well as to an 11.47% increase of like-for-like sales.

Gross profit increased by 30.81% from 97,134.52 million RUR to 127,060.41 million RUR. Gross margin in 1H 2015 amounted to 27.94%

EBITDA increased by 33.05% from 36,549.60 million RUR in 1H 2014 to 48,627.66 million RUR in 1H 2015. EBITDA margin in the 1H of 2015 was 10.69%, which is 22 b. p. higher than 1H 2014 (10.47%). EBITDA margin in the 2Q of 2015 was 11.96%.

1H 2015 net income increased by 28.98% and amounted to 25,265.66 million RUR vs.19,588.07 million RUR in 1H 2014. Net income margin for 1H 2015 was 5.56%

Key figures presented in this press-release are immaterially higher compared to numbers under management accounts announced by the Company on July 22, 2015. Thus, according to the reviewed results for the 1H 2015 Gross, EBITDA, EBIT and Net Income margins are higher by 1 b.p

For further information. please contact:
Timothy Post Director, Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562

Dina Svishcheva Deputy Director, Investor Relations
Email: Chistyak@magnit.ru
Office: +7-861-277-45-54 x 15101
Mobile: +7-961-511-0202
Direct Line: +7-861-277-4562

Media Inquiries PR and GR Department
press@magnit.ru

Company description:
Magnit is Russia’s largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of June 30, 2015, Magnit operated 29 distribution centers and over 10,700 stores (8,890 convenience, 311 hypermarkets, and 1,527 drogerie stores) in approximately 2,233 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2015. Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 billion. Magnit’s local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor’s of BB+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.

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Best Buy Co. Q2 FY16: Domestic Segment Revenue Increased 3.9% vs Q2 FY15

  • Domestic Segment Revenue Increased 3.9%
  • Non-GAAP Diluted EPS from Continuing Operations Increased 17% to $0.49
  • GAAP Diluted EPS from Continuing Operations Increased 18% to $0.46

MINNEAPOLIS, 2015-8-26— /EPR Retail News/ — Best Buy Co., Inc. (NYSE: BBY) today announced results for the second quarter (“Q2 FY16”) ended August 1, 2015 as compared to the second quarter (“Q2 FY15”) ended August 2, 2014.

Q2 FY16 Q2 FY15
Enterprise Revenue ($ in millions)1 $8,528 $8,459
Domestic segment $7,878 $7,585
International segment1 $650 $874
Enterprise Comparable Sales % Change:
Excluding the estimated benefit of installment billing2,3 2.7% (2.2%)4
Estimated benefit of installment billing3 1.1%
Comparable sales % change2 3.8% (2.2%)4
Domestic Comparable Sales % Change:
Excluding the estimated benefit of installment billing2,3 2.7% (2.0%)
Estimated benefit of installment billing3 1.1%
Comparable sales % change2 3.8% (2.0%)
Comparable online sales % change2 17.0% 22.0%
Q2 FY16 Q2 FY15
Operating Income:
GAAP operating income as a % of revenue 3.4% 2.7%
Non-GAAP operating income as a % of revenue5 3.4% 2.9%
Diluted Earnings per Share (EPS):
GAAP diluted EPS from continuing operations $0.46 $0.39
Impact of cathode ray tube (CRT) settlements6 ($0.03) $0.00
Impact of non-restructuring SG&A charges7 $0.03 $0.02
Impact of restructuring charges7 $0.03 $0.01
Non-GAAP diluted EPS from continuing operations5 $0.49 $0.42

Hubert Joly, Best Buy chairman and CEO, commented, “We believe these better-than-expected second quarter results are affirmation that our strategy of offering advice, service and convenience at competitive prices is paying off. Enterprise revenue grew 0.8% to $8.5 billion driven by a 3.9% increase in the Domestic segment, partially offset by the impact of the Canadian brand consolidation and 120 basis points of pressure from foreign currency. Better year-over-year performance in the Domestic segment drove a 50-basis point increase in the Enterprise non-GAAP operating income rate to 3.4% and a 17% increase in non-GAAP diluted EPS to $0.49. We also returned $321 million in cash to shareholders through share repurchases in addition to $81 million in regular dividends.”

Joly continued, “In the Domestic business, our comparable sales increased 2.7%, excluding the impact of installment billing3, driven by continued strong performance in major appliances, large screen televisions and mobile phones. Online comparable sales increased 17.0% as our investments in new capabilities continued to drive increased traffic and higher conversion rates. We also saw industry revenue in the NPD-tracked categories, representing 65% of our revenue, improve from a decline of 5.3% in Q1 to a decline of 1.3%8 in Q2.”

Joly concluded, “As we look forward, while we are cognizant of the recent financial market turbulence, we believe the combination of an opportunity-rich environment and the strength of our competitive advantages leads us to have a positive outlook about our future prospects, starting with the important back-to-school third quarter. We would like to thank all of our associates for their hard work and contributions to our success. The opportunities we have before us today are possible because of the talent and engagement of our entire team – and I am extremely proud of their performance and ability to win.”

Sharon McCollam, Best Buy EVP, CAO and CFO, commented, “As Hubert said, our competitive advantages and strong execution provide us a positive outlook on our Domestic performance versus the industry, which bodes well for us as we enter the third quarter. It is difficult to know, though, if the recent volatility in the financial markets will affect overall consumer spending. To date, however, we have not seen a measurable impact versus our original expectations. As such, our outlook assumes there will be no material changes in consumer spending in the third quarter. With that said, our year-over-year non-GAAP outlook for Q3 FY16 is as follows. In the Domestic business we are expecting (1) flat to low-single digit revenue growth; and (2) an approximately flat operating income rate change driven by a higher gross profit rate offset by increased SG&A due to inflation and growth-related investments. In the International business, due to the ongoing impacts of the Canadian brand consolidation and foreign currency, we are expecting (1) an International revenue decline of approximately 30% and (2) an International non-GAAP operating income rate in the range of negative 2.5% to negative 3.5%.

“With these expectations, which assume continued strength in our Domestic business offset by the near-term impacts of Canada, at the Enterprise level we expect (1) a flat to negative low-single digit revenue growth rate and (2) an operating income rate growth of flat to negative 20 basis points. Additionally, we expect the non-GAAP continuing operations effective income tax rate to be in the range of 39% to 40%, versus 38.1% last year, which could result in a negative $0.01 year-over-year non-GAAP diluted EPS impact in Q3 FY16.”

Domestic Segment Second Quarter Results

Domestic Revenue

Domestic revenue of $7.9 billion increased 3.9% versus last year. This increase was primarily driven by (1) a comparable sales increase of 2.7%, excluding the estimated 110-basis point benefit associated with the classification of revenue for the mobile carrier installment billing plans3; (2) an estimated 110-basis point benefit associated with installment billing3; and (3) a 30-basis point impact from a periodic profit sharing payment based on the performance of the company’s externally managed extended service plan portfolio and an extended warranty deferred revenue adjustment.

From a merchandising perspective, comparable sales growth in major appliances, televisions, mobile phones (excluding the impact of installment billing3) and health and fitness was partially offset by a decline in tablets. The growth in mobile phones was primarily driven by higher year-over-year selling prices. The company also saw continued revenue declines in services. This decline of 13.1% was primarily driven by the reduction of frequency and severity of claims on extended warranties, which has reduced repair revenue, and to a much lesser extent, declining attach rates.

Domestic online revenue of $676 million increased 17.0% on a comparable basis primarily due to increased traffic and higher conversion rates. As a percentage of total Domestic revenue, online revenue increased 90 basis points to 8.6% versus 7.7% last year.

Domestic Gross Profit Rate

Domestic gross profit rate was 24.7% versus 23.4% last year. On a non-GAAP basis, gross profit rate was 24.6% versus 23.4% last year. This 120-basis point increase was primarily due to (1) the positive impact of changes in mobile warranty plans which resulted in lower costs due to lower claim frequency and severity; (2) rate improvements in computing hardware; (3) an increased mix of higher-margin large screen televisions; (4) a 25-basis point impact from a periodic profit sharing payment based on the performance of the company’s externally managed extended service plan portfolio and an extended warranty deferred revenue adjustment; and (5) an additional positive mix shift due to significantly decreased revenue in the lower-margin tablet category. These increases were partially offset by a lower rate in the mobile category driven by increased sales of higher priced iconic mobile phones, which have higher gross profit dollars but carry a lower gross profit rate.

Domestic Selling, General and Administrative Expenses (“SG&A”)

Domestic SG&A expenses were $1.64 billion, or 20.8% of revenue, versus $1.52 billion, or 20.1% of revenue, last year. On a non-GAAP basis, SG&A expenses were $1.62 billion, or 20.6% of revenue, versus $1.51 billion, or 19.9% of revenue, last year. This $114 million, or 70 basis-point, increase in non-GAAP SG&A was primarily driven by investments in future growth initiatives, SG&A inflation and higher incentive compensation.

International Segment Second Quarter Results

International Revenue 

International revenue of $650 million declined 25.6% versus last year. This decline was primarily driven by (1) the loss of revenue associated with closed stores as part of the Canadian brand consolidation; (2) a negative foreign currency impact of approximately 1,200 basis points; and (3) ongoing softness in the Canadian consumer electronics industry.

International Gross Profit Rate

International gross profit rate was 23.4% versus 22.9% last year. On a non-GAAP basis, gross profit rate was flat year-over-year at 22.9%.

International SG&A

International SG&A expenses were $175 million, or 26.9% of revenue, versus $227 million, or 26.0% of revenue, last year. On a non-GAAP basis, SG&A expenses were $170 million, or 26.2% of revenue, versus $227 million, or 26.0% of revenue, last year. In dollars, non-GAAP SG&A decreased $57 million primarily driven by the elimination of expenses associated with closed stores as part of the Canadian brand consolidation and the positive impact of foreign exchange rates. From a rate perspective, non-GAAP SG&A increased 20 basis point driven by year-over-year sales deleverage.

Income Taxes

In Q2 FY16, the non-GAAP continuing operations effective income tax rate increased 250 basis points to 37.1% versus 34.6% last year due to a discrete income tax benefit recognized in Q2 FY15.

For Q3 FY16, the non-GAAP continuing operations effective income tax rate is expected to be in the range of 39% to 40%, versus 38.1% last year, which could result in a negative $0.01 year-over-year non-GAAP diluted EPS impact in Q3 FY16.

Dividends and Share Repurchases

On July 2, 2015, the company paid a quarterly dividend of $0.23 per common share outstanding, or $81 million.
On March 3, 2015, the company announced the intent to repurchase $1 billion worth of its shares over a three-year period. Under this program, the company repurchased a total of 9.4 million shares of its common stock for $321 million during Q2 FY16.

Conference Call

Best Buy is scheduled to conduct an earnings conference call at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) on August 25, 2015. A webcast of the call is expected to be available at www.investors.bestbuy.com both live and after the call.

(1) On February 13, 2015, Best Buy completed the sale of its Five Star business in China and as a result Five Star’s Q2 FY15 financial results are reflected in discontinued operations. Q2 FY15 Enterprise revenue and International revenue, respectively, as reported on August 26, 2014, was $8.90 billion and $1.31 billion. Additionally, on March 28, 2015, the company consolidated the Future Shop and Best Buy stores and websites in Canada under the Best Buy brand. This resulted in the permanent closure of 66 Future Shop stores and the conversion of the remaining 65 Future Shop stores to the Best Buy brand.

(2) Best Buy’s comparable sales is comprised of revenue at stores, websites and call centers operating for at least 14 full months, as well as revenue related to certain other comparable sales channels. Relocated stores, as well as remodeled, expanded and downsized stores closed more than 14 days, are excluded from the comparable sales calculation until at least 14 full months after reopening. Acquisitions are included in the comparable sales calculation beginning with the first full quarter following the first anniversary of the date of the acquisition. The calculation of comparable sales excludes the impact of revenue from discontinued operations.
The Canadian brand consolidation, which includes the permanent closure of 66 Future Shop stores, the conversion of 65 Future Shop stores to Best Buy stores and the elimination of the Future Shop website, is expected to have a material impact on a year-over-year basis on the Canadian retail stores and the website. As such, all store and website revenue has been removed from the comparable sales base and International (comprised of Canada and Mexico) no longer has a comparable metric.  Therefore, Enterprise comparable sales will be equal to Domestic comparable sales until International revenue is again comparable on a year-over-year basis.

(3) In April of 2014, Best Buy began offering mobile carrier installment billing plans to its Domestic customers in addition to two-year contract plans. While the two types of contracts have broadly similar overall economics, installment billing plans typically generate higher revenues due to higher proceeds for devices and higher cost of sales due to lower device subsidies. As the mix of installment billing plans increases, there is an associated increase in revenue and cost of goods sold, and a decrease in gross profit rate, with gross profit dollars relatively unaffected. The company estimates that its Q2 FY16 Enterprise and Domestic comparable sales of 3.8% include approximately 110 basis points of impact from this classification difference. The impact on the gross profit rate at the Enterprise and Domestic levels for the quarter was immaterial. The company believes that providing information regarding this impact of installment billing and an estimate of the company’s comparable sales absent this impact assists investors in understanding the company’s underlying operating performance in relation to periods prior to the introduction of installment billing.

(4) Enterprise comparable sales for Q2 FY15 include revenue from continuing operations in the International segment.  Excluding the International segment, Enterprise comparable sales for Q2 FY15 would have been negative 2.0%, or equal to Domestic comparable sales, for the same period.

(5) The company defines non-GAAP gross profit, non-GAAP SG&A, non-GAAP operating income, non-GAAP net earnings and non-GAAP diluted earnings per share for the periods presented as its gross profit, SG&A, operating income, net earnings and diluted earnings per share for those periods calculated in accordance with accounting principles generally accepted in the U.S. (“GAAP”), adjusted to exclude CRT Litigation settlements, restructuring charges, non-restructuring asset impairments, other Canadian brand consolidation charges, gains on investments and the acceleration of a non-cash tax benefit as a result of reorganizing certain European legal entities.

These non-GAAP financial measures provide investors with an understanding of the company’s financial performance adjusted to exclude the effect of the items described above. These non-GAAP financial measures assist investors in making a ready comparison of the company’s financial results for its fiscal quarter ended August 1, 2015, against the company’s results for the respective prior-year periods and against third-party estimates of the company’s financial results for those periods that may not have included the effect of such items. Additionally, management uses these non-GAAP financial measures as an internal measure to analyze trends, allocate resources and analyze underlying operating performance. These non-GAAP financial measures should not be considered superior to, as a substitute for, or as an alternative to, and should be considered in conjunction with, GAAP financial measures and may differ from similar measures used by other companies. Please see the table titled “Reconciliation of Non-GAAP Financial Measures” at the end of this release for more detail.

(6) On November 14, 2011, Best Buy filed a lawsuit captioned In re Cathode Ray Tube Antitrust Litigation in the United States District

Court for the Northern District of California (“CRT Litigation”). The company alleges that the defendants engaged in price fixing in violation of antitrust regulations relating to cathode ray tubes for the time period between March 1, 1995 and November 25, 2007. No trial date has been set. In connection with this action, the company received settlement proceeds net of legal expenses and costs in the amount of $8 million in Q2 FY16. Best Buy will continue to litigate against the remaining defendants and expect further settlement discussions as this matter proceeds; however, it is uncertain whether the company will recover additional settlement sums or a favorable verdict at trial.

(7) The company has consolidated certain line items from the Reconciliation of Non-GAAP Financial Measures schedule included at the back of this earnings release. The impact of non-restructuring SG&A charges line includes (1) non-restructuring asset impairments and (2) other Canadian brand consolidation charges. The impact of restructuring charges line includes (1) restructuring charges and (2) restructuring charges – COGS.

(8) According to The NPD Group’s Weekly Tracking Service as published August 10, 2015, revenue for the CE (Consumer Electronics) industry declined 1.3% during the 13 weeks ended August 1, 2015 compared to the 13 weeks ended August 2, 2014. The CE industry, as defined by The NPD Group, includes TVs, desktop and notebook computers, tablets not including Kindle, digital imaging and other categories. Sales of these products represent approximately 65% of the company’s Domestic revenue. The CE industry, as defined by The NPD Group, does not include mobile phones, gaming, movies, music, appliances or services.

Forward-Looking and Cautionary Statements:

This earnings release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that reflect management’s current views and estimates regarding future market conditions, company performance and financial results, business prospects, new strategies, the competitive environment and other events. You can identify these statements by the fact that they use words such as “anticipate,” “believe,” ”assume,” “estimate,” “expect,” “intend,” “project,” “guidance,” “plan,” “outlook,” and other words and terms of similar meaning. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. Among the factors that could cause actual results and outcomes to differ materially from those contained in such forward-looking statements are the following: macro-economic conditions (including fluctuations in housing prices, oil markets and jobless rates), conditions in the industries and categories in which we operate, changes in consumer preferences, changes in consumer confidence, consumer spending and debt levels, online sales levels and trends, average ticket size, the mix of products and services offered for sale in our physical stores and online, credit market changes and constraints, product availability, competitive initiatives of competitors (including pricing actions and promotional activities of competitors), strategic and business decisions of our vendors (including actions that could impact product margin or supply), the success of new product launches, the impact of pricing investments and promotional activity, weather, natural or man-made disasters, attacks on our data systems, the company’s ability to prevent or react to a disaster recovery situation, changes in law or regulations, changes in tax rates, changes in taxable income in each jurisdiction, tax audit developments and resolution of other discrete tax matters, foreign currency fluctuation, availability of suitable real estate locations, the company’s ability to manage its property portfolio, the impact of labor markets,  the company’s ability to retain qualified employees, failure to achieve anticipated expense and cost reductions from operational and restructuring changes, disruptions in our supply chain, the costs of procuring goods the company sells, failure to achieve anticipated revenue and profitability increases from operational and restructuring changes (including investments in our multi-channel capabilities and brand consolidations), failure to accurately predict the duration over which we will incur costs, acquisitions and development of new businesses, divestitures of existing businesses, failure to complete or achieve anticipated benefits of announced transactions, integration challenges relating to new ventures, and our ability to protect information relating to our employees and customers.  A further list and description of these risks, uncertainties and other matters can be found in the company’s annual report and other reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, Best Buy’s Report on Form 10-K filed with the SEC on March 31, 2015. Best Buy cautions that the foregoing list of important factors is not complete, and any forward-looking statements speak only as of the date they are made, and Best Buy assumes no obligation to update any forward-looking statement that it may make.

Investor Contact:
Mollie O’Brien, Investor Relations
(612) 291-7735 or mollie.obrien@bestbuy.com
Media Contact:
Amy von Walter, Public Relations
(612) 437-5956 or amy.vonwalter@bestbuy.com

Jeff Shelman, Public Relations
(612) 291-6114 or jeffrey.shelman@bestbuy.com

Printable PDF version: Click here

Daniel Queenan becomes COO CBRE Global Investors and Steven Swerdlow appointed CEO CBRE Group Asia Pacific region

Los Angeles, 2015-8-26— /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced two executive leadership appointments:

Daniel Queenan will assume new leadership responsibilities as Chief Operating Officer, CBRE Global Investors, the company’s investment management subsidiary.  Mr. Queenan has relocated back to the U.S. after serving as Chief Executive Officer, Asia Pacific (APAC), for the past two years. Mr. Queenan will have a broad charter to help drive the strategy and operations for CBRE Global Investors and will report to Matt Khourie, Chief Executive Officer, CBRE Global Investors. He will also work closely with Ritson Ferguson, recently named Chief Investment Officer, and the entire CBRE Global Investors leadership team on all facets of the business. Mr. Queenan will serve on CBRE Global Investors’ Executive Committee and Global Investment Committee.

Steven Swerdlow will assume new responsibilities as Chief Executive Officer, Asia Pacific region.  Mr. Swerdlow will oversee all operations in APAC, and will report to Robert Blain, Executive Chairman, APAC, who will retain overall responsibility for the region. Mr. Swerdlow will also play a key role on the Asia Pacific Strategic Group.  A 25-year veteran of CBRE, Mr. Swerdlow has held a wide range of senior leadership positions at the company.  He will maintain his management responsibilities for CBRE’s U.S. Western Division and will split his time between Asia Pacific and the U.S.

“Steve and Danny are two of our most accomplished executives, and they are highly committed to our focus on exceptional client service and operational excellence,” said Bob Sulentic, CBRE’s president and chief executive officer. “Steve brings strong leadership skills to his new role and will work closely with Rob to drive further growth across Asia Pacific.  Danny did an outstanding job of partnering with Rob to lead Asia Pacific. His more than 20 years of operating and investment experience will be a great complement to Matt, Ritson and our CBRE Global Investors team.“

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue).  The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

For Further Information

Robert Mcgrath
T +1 212 9848267
email

Saudi Automotive Services Company (SASCO) signs Bank facility agreement (Shariah-compliant) with National Commercial Bank for SR 151,825,000

Retailing and Operation Division

Riyadh, Kingdom of Saudi Arabia, 2015-8-26— /EPR Retail News/ — Saudi Automotive Services Company (SASCO) announces completion of signing of the Bank facility agreement (Shariah-compliant) with the National Commercial Bank (NCB) on 25 August 2015 at a value of SR 151,825,000 against signed promissory note.

A part of the above mentioned facility agreement is Murabah Islamic long term loan amounting to SR 101,125,000 for seven years (Including grace period one year) scheduled to be settled in semi-annual instalments.

Furthermore, the facility agreement includes a short term loan at SR 25,700,000 scheduled to be settled in one instalment after four months from the withdrawal, in addition to a letter of guarantee amounting to SR 25,000,000.

It is noteworthy that the reason lies behind this facility is to finance buying new locations, building new fuel stations and developing the existing stations as well as financing the working capital requirements.

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Wincor Nixdorf, Nokas form equally owned joint venture called CROWN (Cash Retail Optimization Wincor Nixdorf Nokas)

PADERBORN, Germany, 2015-8-26— /EPR Retail News/ — Wincor Nixdorf has established a joint venture with Nokas, the leading Scandinavian provider of cash-handling services, in June 2015. The new company, named CROWN (Cash Retail Optimization Wincor Nixdorf Nokas), has its headquarters in Delft, Netherlands, and is owned equally by Wincor Nixdorf and Nokas.

CROWN offers a range of retail cash management services, recycling and deposit solutions, in the Benelux that optimize the retailer’s cash-handling process in terms of cost, safety and fraud. CROWN’s portfolio is not limited to front office – or back office activities, as their shareholder’s expertise also lies in combined ATM offerings in a retail environment. With immediate effect, CROWN will provide end-to-end cash-handling services for retail companies, by taking over and managing all their cash logistics with a significantly lower TCO.

“Our objective is to become a trusted managed services partner in the retail segment with a significant market share in the Benelux countries within the next three to five years,” says Pieter van den Burg, Executive Director of CROWN.

The advantage of the strategic partnership: Wincor Nixdorf delivers IT solutions and services for the retail industry, while Nokas supplies cash- management solutions, including early credit facilities. Thereby CROWN wants to help retail customers to cope with the uncertainty of the development of cash within their total payment structures.
“Our goal with the new company, which unites the experience of Wincor Nixdorf and Nokas, is to leverage synergy effects, boost our competitiveness and deliver services in order to cut the costs of the cash process for our customers,” adds van den Burg.

“Wincor Nixdorf is the ideal partner for us, since it has substantial knowledge about the cash processes at retailers and added experience from outsourcing projects in combination with its own CIT company in the Netherlands,” comments Arne Christian Gnutzmann, Director of Business Development at Nokas and Executive Director of CROWN.

Nokas:
Nokas was founded in 1987 and is Scandinavia’s leading provider of security solutions and cash-handling services. The Cash Handling division is the market leader in Scandinavia. In the field of cash-management services, Nokas cooperates with banks and retailers in Norway, Sweden, Denmark, Finland and the Netherlands. After the acquisition of Kontanten AB in 2013, Nokas also owns and operates 1,000 independent ATMs in the Nordic countries.

SOURCE: Wincor Nixdorf

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

Family-owned convenience retailer Sheetz announce the launch of its new Sheetz Bros. Coffee rolling out in over 500 stores companywide

ALTOONA, Pa., 2015-8-26— /EPR Retail News/ — Sheetz, one of America’s fastest growing family-owned convenience retailers, is proud to announce the launch of its new Sheetz Bros. Coffee rolling out in over 500 stores companywide today. The coffee features four signature blends with a light to dark progression, freshly ground in every store and served in a new environmentally-friendly cup.

“This new premium coffee elevates the sensory experience for our customers,” said Ryan Sheetz, Director of Brand Strategy. “With four blends, seventeen creamer and flavor options and a full line of latte and mocha beverages, Sheetz customers have over 1,000 different ways to customize their coffee.”

“The updated cups are fully recyclable, BPA-free and made out of #5 polypropylene – one of the safest materials used to package foods,” Sheetz continued. “This implementation will divert approximately 2,300,000 cups from landfills every year.”

The four coffee blends include Breakfast, Classic, Sumatra and French. The beans in the Breakfast, Classic and French Roast blends are sourced from Central and South America and the Sumatra bean is sourced from Indonesia. Amplifying these exceptional beans are brand new grinders in every store as well as modern grinding technologies producing a smoother, more composed taste profile. Every store location also has brand new state-of-the-art grinding and brewing equipment and trained baristas.

In celebration of the new coffee, Sheetz will be randomly selecting one lucky customer per day to win a $50 gift card during September. Customers who post a picture on Instagram or Twitter with their coffee using #KickintheBeanz will automatically be entered to win.

To learn more about the new Sheetz Bros. Coffee visit www.KickintheBeanz.com.

About Sheetz, Inc.
Established in 1952 in Altoona, Pennsylvania, Sheetz, Inc. is one of America’s fastest growing family-owned and operated convenience store chains, with more than $6.9 billion in revenue and more than 16,000 employees. The company operates over 500  store locations throughout Pennsylvania, West Virginia, Virginia, Maryland, Ohio and North Carolina. Sheetz provides an award-winning menu of MTO® sandwiches and salads, which are ordered through unique touch-screen order point terminals. All Sheetz convenience stores are open 24 hours a day, 365 days a year. For more information, visit www.sheetz.com. or follow us on Twitter @sheetz, on Facebook (www.facebook.com/sheetz) and on Instagram (instagram.com/sheetz).

SOURCE Sheetz, Inc.

For further information: Jennifer Ridgley, jlr@planitagency.com, 410.962.6431

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Family-owned convenience retailer Sheetz announce the launch of its new Sheetz Bros. Coffee rolling out in over 500 stores companywide

PVH Corp. management to participate in the Goldman Sachs Twenty-Second Annual Global Retailing Conference, September 9, 2015

NEW YORK, NY, 2015-8-26— /EPR Retail News/ — PVH Corp. (NYSE:PVH) announced today that Company management will participate in the Goldman Sachs Twenty-Second Annual Global Retailing Conference on Wednesday, September 9, 2015. A live audio webcast of management’s fireside chat will be broadcast online at 11:20 A.M. Eastern Daylight Time.

The live webcast, as well as the replay, which will be available following the conference, may be accessed by logging onto www.pvh.com and going to the Webcasts section under the Investors tab.

PVH Corp., one of the world’s largest apparel companies, owns and markets the iconic Calvin Klein and Tommy Hilfiger brands worldwide. It is the world’s largest shirt and neckwear company and markets a variety of goods under its own brands, Van Heusen, Calvin Klein, Tommy Hilfiger, IZOD, ARROW,Warner’s and Olga, and its licensed brands, including Speedo, Geoffrey Beene,Kenneth Cole New York, Kenneth Cole Reaction, MICHAEL Michael Kors, Sean John, Chaps, and Ike Behar.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Forward-looking statements and information about PVH’s current and future prospects and PVH’s operations and financial results made and provided during management’s appearance at the conference, including, without limitation, statements relating to the Company’s future revenue and earnings, plans, strategies, objectives, expectations and intentions are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy, and some of which might not be anticipated, including, without limitation, the following: (i) the Company’s plans, strategies, objectives, expectations and intentions are subject to change at any time at the discretion of the Company; (ii) the Company may be considered to be highly leveraged and uses a significant portion of its cash flows to service its indebtedness, as a result of which the Company might not have sufficient funds to operate its businesses in the manner it intends or has operated in the past; (iii) the levels of sales of the Company’s apparel, footwear and related products, both to its wholesale customers and in its retail stores, the levels of sales of the Company’s licensees at wholesale and retail, and the extent of discounts and promotional pricing in which the Company and its licensees and other business partners are required to engage, all of which can be affected by weather conditions, changes in the economy, fuel prices, reductions in travel, fashion trends, consolidations, repositionings and bankruptcies in the retail industries, repositionings of brands by the Company’s licensors and other factors; (iv) the Company’s plans and results of operations will be affected by the Company’s ability to manage its growth and inventory, including its ability to realize benefits from its acquisition of The Warnaco Group, Inc. (“Warnaco”); (v) the Company’s operations and results could be affected by quota restrictions and the imposition of safeguard controls (which, among other things, could limit the Company’s ability to produce products in cost-effective countries that have the labor and technical expertise needed), the availability and cost of raw materials, the Company’s ability to adjust timely to changes in trade regulations and the migration and development of manufacturers (which can affect where the Company’s products can best be produced), changes in available factory and shipping capacity, wage and shipping cost escalation, and civil conflict, war or terrorist acts, the threat of any of the foregoing, or political and labor instability in any of the countries where the Company’s or its licensees’ or other business partners’ products are sold, produced or are planned to be sold or produced; (vi) disease epidemics and health related concerns, which could result in closed factories, reduced workforces, scarcity of raw materials and scrutiny or embargoing of goods produced in infected areas, as well as reduced consumer traffic and purchasing, as consumers limit or cease shopping in order to avoid exposure or become ill; (vii) acquisitions and issues arising with acquisitions and proposed transactions, including without limitation, the ability to integrate an acquired entity, such as Warnaco, into the Company with no substantial adverse affect on the acquired entity’s or the Company’s existing operations, employee relationships, vendor relationships, customer relationships or financial performance; (viii) the failure of the Company’s licensees to market successfully licensed products or to preserve the value of the Company’s brands, or their misuse of the Company’s brands and (ix) other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.

The Company’s presentation will include non-GAAP financial measures, as defined under SEC rules. Reconciliations of these measures are included in the Company’s Current Reports on Form 8-K furnished to the SEC on March 17, 2005, March 26, 2007, March 23, 2009, March 27, 2013, March 25, 2014,September 3, 2014, June 1, 2015, and August 26, 2015. Each of these reports is available on the Company’s website at http://www.pvh.com and theSEC’s website at http://www.sec.gov.

The Company does not undertake any obligation to update publicly any forward-looking statement, including, without limitation, any estimate regarding revenue or earnings, whether as a result of the receipt of new information, future events or otherwise.

 

Source: PVH Corp.

PVH Corp.
Dana Perlman, 212-381- 3502
Treasurer, Senior Vice President
Business Development & Investor Relations

London Fashion Week designer Giles Deacon to join Debenhams with a 26 piece collection for Autumn Winter 15

LONDON, 2015-8-26— /EPR Retail News/ — London Fashion Week designer, Giles Deacon, is set to join the ranks of designers at Debenhams with a 26 piece collection for Autumn Winter 15 under the brands’ /Edition range.

The collection, which is inspired by a 1960 and ‘70’s feel, comprises of elegant coats, embellished knits, feminine blouses and sophisticated evening dresses as well as tailored trousers.  Maintaining Giles’ playful design style and appetite for grand-scale glamour the range includes vibrant and quirky prints as well as floor length, figure flattering trapeze skirts.  A further 9 designs are to be added to the range in time for Christmas trading.

Launching in stores and online in September, with price points ranging from £45 -£180, the collection strikes a balance between luxury fabric and beautiful investment pieces, priced for the high street.

Debenhams Group Trading Director, Suzanne Harlow says, “We are delighted that Giles has come on board as a designer for the /Edition range at Debenhams.   Giles is the perfect candidate to join the /Edition concept which offers designs from cutting edge talent.  His collection complements our existing Designer ranges with an offering that is younger and features contemporary pieces with Giles’ characteristic design twist.”

Giles Deacon says, “The woman who wears my clothes has a playful style and loves to dress up.  She is fearless yet light hearted, and when she puts on a piece of clothing on I want her to feel amazing as well as make heads turn. I feel like we have made a collection that is true to my signature style and I am excited that we have been able to deliver a luxury look and feel at high street prices.”

Giles joins the fellow current Debenhams /Edition designers Preen, Todd Lynn and Abigail Ahern.  The /Edition range is a concept to introduce contemporary designers to the high street showcasing a collection for between one and four seasons.  Additional designers who have been part of the /Edition line up include Jonathan Saunders, Jonathan Kelsey and Roksanda Ilincic.

The range, which will go into five Debenhams flagship stores as well as online, is modelled by fashion ‘It’ Girl, Daisy Lowe for AW15. Signature pieces include the fit and flare coat at £150, the bow print maxi dress at £110, the horse print trapeze dress at £60 and the tux jacket and trouser at £99 and £50 respectively.

Ends

Notes to Editors About Giles Deacon Giles Deacon is best known for his playful designs and has worked in fashion houses Bottega Veneta and Gucci. He launched his first collection for GILES in 2004 and was named Best New Designer at the British Fashion Awards the same year. In 2006 Giles was named British fashion Designer of the Year and has been credited with renewing interest in the London scene. His mainline range is worn by celebrities including Sarah Jessica Parker, Cate Blanchett and Ophelia Lovibond. About Debenhams Debenhams is a leading international, multi-channel brand with a proud British heritage which trades out of more than 240 stores across 27 countries. Debenhams gives its customers around the world a unique, differentiated and exclusive mix of own brands, international brands and concessions. In the UK, Debenhams has a top three market position in womenswear and menswear and a top ten share in children’s-wear. It holds the number two market position in premium health and beauty. Debenhams has been investing in British design for over 20 years through its exclusive Designers at Debenhams portfolio of brands. Current designers include Abigail Ahern, Ted Baker, Jeff Banks, Jasper Conran, FrostFrench, Patrick Grant, Henry Holland, Betty Jackson, Ben de Lisi, Todd Lynn, Julien Macdonald, Jenny Packham, Pearce Fionda, Stephen Jones, Preen, Janet Reger, John Rocha, Ashley Thomas, Eric Van Peterson and Matthew Williamson.

CONTACTS

For more information and high-res lifestyle and cut-out imagery please contact:

Debenhams Press Office
020 3549 6420 / press.office@debenhams.com

SOURCE: Debenhams Retail plc

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London Fashion Week designer Giles Deacon to join Debenhams with a 26 piece collection for Autumn Winter 15

London Fashion Week designer Giles Deacon to join Debenhams with a 26 piece collection for Autumn Winter 15

Debenhams signs Savannah Miller and Giles Deacon for the launch of two new womenswear collections for AW15

LONDON, 2015-8-26— /EPR Retail News/ — Debenhams plc, the leading international, multi-channel brand, has announced Savannah Miller and Giles Deacon as the latest names to join the ranks of their Designer offering with the launch of two new womenswear collections for AW15.

In line with its strategic priorities of investing in product and customer proposition, the appointment of the two designers re-affirms the retailer’s position as the destination for Designer collections at high street prices.    In the UK, Debenhams ranks among the top 5 for womenswear market share. The Designer portfolio contributes 17 per cent of total Group sales.

Group Trading Director, Suzanne Harlow says, “The appointment of Savannah and Giles is really exciting as a large proportion of our customers choose to shop with us because of our Designer offering.  Nine by Savannah Miller is a collection that is versatile and can be worn everyday in a cool and contemporary way.

“Adding Giles to our stable of designers reinforces Debenhams’ credentials of working with cutting edge design talent and offers our customer a vast amount of choice from classic through to modern styles.”

The campaign imagery for the new ranges features aspirational faces: supermodel Carmen Kass as muse for the Nine by Savannah Miller collection, while ‘It’ girl Daisy Lowe will be the face of the Giles Deacon 26 piece range.

Savannah says, “I am delighted to become a part of the Designers at Debenhams offering with the launch of my new collection, Nine.  The range is inspired by the eclectic and bohemian, chic way that cool girls dress and comprises of relaxed, casual separates.  Naturally there is a particular emphasis on amazing knitwear which can be teamed with perfect jeans to embellished sequin skirts.”

Giles joins the current /Edition designer edit for Debenhams and says, “The woman who wears my clothes has a playful style and loves to dress up.  She is fearless yet light hearted and when she puts on a piece of clothing I want her to feel amazing as well as make heads turn. I feel like we have made a collection that is true to my signature style, and I’m excited that we have been able to deliver a luxury look and feel at high street prices.”

Both ranges will be available in selected stores and online at the end of August. Nine by Savannah Miller will launch in 65 UK stores and Debenhams international stores in territories including the Middle East, Latvia, Turkey, Iceland, Russia, Cyprus and Denmark.  Giles for Edition will be available in five UK flagship stores as well as online.

Ends

Notes to Editors

About Savannah Miller
Savannah Miller graduated with a first class honours degree from Central Saint Martins in 2004, specialising in knitwear.   Her design credentials include working with Alexander McQueen and Matthew Williamson, followed by six years as Co-Creative Director at Twenty8Twelve alongside her sister, Sienna Miller. She also designed her own line for Scandinavian fashion site, Nelly.com.

The Debenhams collection is named after Savannah’s lucky number.  It also relates to her daughter’s name, Lyra, a constellation that shines most brightly at 9pm.

About Giles Deacon
Giles Deacon is best known for his playful designs and has worked in fashion houses Bottega Veneta and Gucci. He launched his first collection for GILES in 2004 and was named Best New Designer at the British Fashion Awards the same year.  In 2006 Giles was named British fashion Designer of the Year and has been credited with renewing interest in the London scene.

His mainline range is worn by celebrities including Sarah Jessica Parker, Cate Blanchett and Ophelia Lovibond.

About Debenhams Debenhams is a leading international, multi-channel brand with a proud British heritage which trades out of more than 240 stores across 27 countries. Debenhams gives its customers around the world a unique, differentiated and exclusive mix of own brands, international brands and concessions. In the UK, Debenhams has a top five market position in womenswear and menswear and a top ten share in children’s-wear. It holds the number two market position in premium health and beauty. Debenhams has been investing in British design for over 20 years through its exclusive Designers at Debenhams portfolio of brands. Current designers include Abigail Ahern, Ted Baker, Jeff Banks, Jasper Conran, FrostFrench, Patrick Grant, Henry Holland, Betty Jackson, Ben de Lisi, Todd Lynn, Julien Macdonald, Jenny Packham, Pearce Fionda, Stephen Jones, Preen, Janet Reger, John Rocha, Jonathan Saunders, Ashley Thomas, Eric Van Peterson and Matthew Williamson.

CONTACTS

For more information and high-res lifestyle and cut-out imagery please contact:

Debenhams Press Office
020 3549 6420 / press.office@debenhams.com

SOURCE: Debenhams Retail plc

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Debenhams signs Savannah Miller and Giles Deacon for the launch of two new womenswear collections for AW15

Debenhams signs Savannah Miller and Giles Deacon for the launch of two new womenswear collections for AW15