IKEA U.S. announces the results of the Together, We Eat contest

Three Grand Prize Winners Share the Recipes and Stories Behind Beloved Family Dishes

CONSHOHOCKEN, PA, 2015-12-17 — /EPR Retail News/ — Today IKEA U.S. announced the results of the Together, We Eat contest, a quest launched earlier this year to find the fifty best consumer stories behind cherished family recipes. The contest celebrated the power of food and how the many activities around it – from preparing to serving to eating – bring loved ones together in and around the kitchen.

Three grand-prize winners were selected from 4,617 total entries across three contest themes:

  • Wintertime Favorites (Cool Weather & Comfort Food Dishes): Megan Hoffman from Rancho Palos Verdes, Calif. with “Our Doughball Tradition”
    • This pierogi recipe dates back five generations, beginning with Megan’s great-grandmother. Having been passed down generation to generation, the making of the traditional Hungarian dish is an event for the whole family every Christmas Eve, with fathers, uncles, cousins and brothers pitching in to create the pierogis, while the women of the family engage in an annual tradition of craft-making.
  • Serving Up Spring (Fresh Ingredients from Garden to Table): Amy Whitefrom Manchester, Conn. with “Good Fences Make Good Neighbors”
    • Living across the street and having witnessed her neighbor, Barb’s beautiful vegetable garden flourishing, Amy was inspired to start a garden of her own. Today, the neighbors engage in an ongoing friendly rivalry – whose tomatoes are reddest? Whose onions are bigger? The best part is being able to share the fruits of their labor together. One recipe in particular – a Spring Onion and Ricotta Fresca Tart is a group favorite and neighborhood tradition. Barb’s always willing to open her garden for anything Amy needs to make it, so long as she shares!
  • Social Summer (Picnics, Cookouts, Reunions & More): Carol Powell from Williamsburg, Ky. with “The Powell Family Homegrown Salsa”
    • This salsa recipe is a labor of love, beginning with the fresh herbs and vegetables grown by Carol and her husband in their garden. What began as a solution to an overflowing crop of homegrown Roma tomatoes has resulted in a cherished recipe and family tradition – picking and dicing veggies and canning a deliciously fresh homegrown salsa, perfect for sharing at summertime get-togethers.

Judged on relevance to the Together, We Eat theme, originality & creativity of the entry and overall storytelling, the winners’ stories bring to life the idea of food as the great connector, representing the supreme power of food in gathering loved ones together – from growing and sourcing ingredients, to chopping, dicing, serving and ultimately sitting down together at the table.

Hoffman, White and Powell will each receive a prize package including a $1,500 IKEA gift card, a trip for two to New York City and a photo shoot / spread to be included in a future issue of O, The Oprah Magazine and a “Dinner Party Kit” consisting of IKEA kitchen-related products.

Additionally, a total of 47 first-prize winners across all categories were awarded a $250 IKEA gift card. All 50 recipes and stories will be featured on TogetherWeEat.com/contest at various points throughout the year, starting with the three grand prize winners.

“These and the thousands of other wonderful stories we read really exemplify the idea that there is so much more to food than food,” said Lisa Hajra, Together, We Eat Project Leader for IKEA. “Having shared just a few examples of treasured family food moments, we hope to inspire people to create more food-related memories together in what we often refer to as the heart of the home – the kitchen.”

Together, We Eat is a part of a yearlong IKEA effort focusing on everyday life in and around the kitchen – celebrating the many treasured moments that happen there and simple solutions as they relate to growing, cooking, serving and storing food.

For more information and to learn more about the Together, We Eat winners and their stories, please visit TogetherWeEat.com/contest.

About IKEA
Since its 1943 founding in Sweden, IKEA has offered home furnishings of good design and function at low prices so the majority of people can afford them. There are currently more than 377 IKEA stores in 47 countries, including 41 in the U.S. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information see IKEA-USA.com, @IKEAUSANews, @IKEAUSA or IKEAUSA on Facebook, YouTube, Instagram and Pinterest.

Media Contact: Allie Bostwick
646-935-4118
allie.bostwick@ketchum.com

SOURCE: Inter IKEA Systems B.V.

CVS Health completes the acquisition of Target’s pharmacy and clinic businesses for approximately $1.9 billion

Woonsocket, RI and Minneapolis, MN, 2015-12-17 — /EPR Retail News/ — CVS Health Corporation (NYSE:CVS) and Target Corporation (NYSE:TGT) announced today that CVS Health has completed the acquisition of Target’s pharmacy and clinic businesses for approximately $1.9 billion. With the completion of the transaction, CVS Health acquired Target’s 1,672 pharmacies across 47 states and will operate them through a store-within-a-store format, branded as CVS/pharmacy. In addition, a CVS/pharmacy will be included in all new Target stores that offer pharmacy services. Seventy-nine Target clinic locations will be rebranded as MinuteClinic, and CVS Health will open up to 20 new clinics in Target stores within three years of the close of the transaction.

“We look forward to helping Target guests on their path to better health through CVS Health’s leading clinical programs, such as Maintenance Choice, Pharmacy Advisor and Specialty Connect,” said Larry Merlo, CVS Health President and CEO. “In addition, with the Target acquisition we will leverage our unique integrated business model and our scale to drive incremental sales volume and operating profit for the enterprise while providing convenience and cost savings to consumers and payors.”

“Today’s milestone in our relationship with CVS Health is an important step in driving Target’s strategic priorities forward while giving our guests easy access to industry-leading health care services. With the transition now underway, Target can further accelerate our commitment to Wellness as a signature category, helping guests and team members in their efforts to eat better, be more active and find natural and clean label products,” said Brian Cornell, Chairman and CEO of Target.

The Target pharmacies and clinics will be transitioned to the CVS Health banners and systems within six to eight months.

Financial Considerations

The closing of this transaction is expected to have the following impact on Target’s fourth quarter 2015 financial results:

  • The recognition of a pre-tax gain of $575 million to $775 million, based on the final valuation of assets sold. The gain will be excluded from Adjusted Earnings per Share.
  • A reduction of expected fourth quarter sales of approximately $500 million, with no change to the company’s expected fourth quarter segment EBIT.

The closing of this transaction does not change Target’s expected fourth quarter comparable sales, because the comparable sales calculation will only include pharmacy sales from fourth quarter 2014 for the equivalent period in which Target operated its pharmacies in fourth quarter 2015.

Target’s after-tax net proceeds from the transaction are expected to be approximately $1.2 billion, which the company expects to deploy over time in support of its long-standing capital priorities, including share repurchase. This transaction is expected to be accretive to Target’s EBITDA and EBIT margin rates and add half a percentage point or more to Target’s return on invested capital over time.

CVS Health will discuss the acquisition in more detail at its Annual Analyst Day, which is being held today in New York City and simulcast on its website, at https://investors.cvshealth.com.

About CVS Health
CVS Health is a pharmacy innovation company helping people on their path to better health. Through its more than 9,500 retail pharmacies, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with more than 70 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, and expanding specialty pharmacy services, the Company enables people, businesses and communities to manage health in more affordable, effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,805 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today 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.

CVS Health Forward-Looking Statement

This press release contains forward-looking statements within the meaning of the federal securities laws.  By their nature, all forward-looking statements involve risks and uncertainties. Actual results may differ materially from those contemplated by the forward-looking statements for a number of reasons as described in our Securities and Exchange Commission filings, including those set forth in the Risk Factors section and under the section entitled “Cautionary Statement Concerning Forward-Looking Statements” in our most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q.

Target Forward-Looking Statements

Statements by Target in this release regarding Target’s expected after-tax proceeds from the transaction and the expected impact of the transaction on Target’s Segment Sales, EBITDA and EBIT margins, EPS and Adjusted EPS, and ROIC are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements speak only as of the date they are made and are subject to risks and uncertainties that could cause Target’s actual results to differ materially. The most important risks and uncertainties include those relating to how Target’s guests react to the transaction, the effectiveness of the ongoing relationship between Target and CVS Health, whether Target will recognize the expected benefits from the transaction and the risks described in Item 1A of Target’s Form 10-K for the fiscal year ended January 31, 2015.

Contacts:

For CVS Health:

Nancy Christal, Investor Relations, (401) 770-3614
Carolyn Castel, Corporate Communications, (401) 770-5717
Carolyn.Castel@CVSHealth.com

For Target:

John Hulbert, Investors, (612) 761-6627
Dustee Jenkins, Media, (612) 761-9537
Target Media Hotline, (612) 696-3400
press@target.com

SOURCE: CVS Health

US Foods to expand its distribution center in Fife, Washington

New facility will be more efficient and offer an expanded product offering for its customers

Rosemont, Ill., 2015-12-17 — /EPR Retail News/ — US Foods today announced plans to expand its distribution center in Fife, Washington. The expansion project kicks off in late January 2016 and will nearly double the size of its current facility, allowing the company to expand its customer base and better serve chefs, restaurateurs and foodservice operators throughout the Seattle area.

“As the vibrant culinary market in Seattle continues to grow, US Foods is positioning itself to continue to be a significant player in the area,” said Matt Reynolds, president, Mountain West Area, US Foods. “Once complete, our expanded facility will allow us to double our capacity for product storage making it easier for us to bring our innovative, on-trend products and tried and true favorites to more customers throughout Seattle and beyond.”

US Foods has operated out of its 123,000 square foot facility since 1998. The planned expansion will increase the size to more than 216,000. The majority of additional space will be used for increased product storage to offer customers an expanded product offering and more readily meet their needs.

Among the many improvements to the distribution center, will be a state-of-the art kitchen and training center that can be used for product demonstrations and customer ideation and a technology center where US Foods customers can learn about the company’s industry-leading mobile apps and web-based business solutions.

The expansion project will also incorporate many energy and environmental improvements, such as a highly efficient cascade refrigeration system and energy saving high-output fluorescent and LED lighting. The company is also making every effort to use locally sourced and recycled content furnishings and building materials. The project is expected to be complete in fall 2016.

The Seattle distribution center is home to more than 300 employees and serves thousands of customers throughout the Seattle market and surrounding area, including independent restaurants, healthcare and hospitality entities, government and educational institutions.

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

Contact

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

SOURCE: US Foods, Inc.

Leading Russian food retailer X5 Retail Group announces the opening of its 7,000th store in Russia

Krasnodar, RUSSIA, 2015-12-17 — /EPR Retail News/ — X5 Retail Group (“X5” or the “Company”), a leading Russian food retailer (LSE ticker: “FIVE”), announces the opening of its 7,000th store in Russia and a more than 1.5x year-on-year increase in the expansion rate of its retail chains. Since the beginning of the year, X5 has opened more than 1,500 Pyaterochka, Perekrestok and Karusel stores, compared to 939 new stores in 2014.

Igor Shekhterman, X5 Retail Group CEO, said:

“In 2015 we significantly accelerated organic growth rates, and are proud to open our 7,000th store today. By expanding the Company’s geographic presence, we maintain our focus on creating the best value offer for customers while developing ties with Russian suppliers.”

X5’s 7,000th store is a Pyaterochka in Krasnodar (65 Rossiyskaya St.). This is the second time this year that a new Pyaterochka has been opened as a “milestone store”. In late March, X5 opened a new Pyaterochka in Lyubertsy, marking the Group’s 5,555th store. In July 2015, X5 opened its 6,000th location, a Perekrestok store on Bolshaya Dorogomilovskaya St., Moscow; in November 2015, the Group launched its 6,555th facility, a Karusel hypermarket in Nevinnomyssk (Stavropol region).

The new Pyaterochka store opened today will have an assortment of over 4,000 SKUs, and 35% of this falls into fresh categories. The store’s total area is over 600 sq m, in line with the new Pyaterochka concept launched in October 2013. The new concept has already been rolled out at over 60% of Pyaterochka stores.

Yea-to-date, X5 has opened more than 1,500 stores in Russia, creating over 14,500 new jobs. Significant growth in X5’s retail chains has also increased sales opportunities for Russian suppliers, whose share in the product mix offered by Х5 retail chains exceeds 90%.

Note to Editors:
X5 Retail Group N.V. (LSE: FIVE, Fitch – ‘BB’, Moody’s – ‘Ba3’, S&P – ‘BB-’) is a leading Russian food retailer. The Company operates several retail formats: the chain of proximity stores under the Pyaterochka brand, the supermarket chain under the Perekrestok brand, the hypermarket chain under the Karusel brand and Express convenience stores under various brands.

As of 30 September 2015, X5 had 6,512 Company-operated stores. It has the leading market position in both Moscow and St. Petersburg and a significant presence in the European part of Russia. Its store base includes 5,795 Pyaterochka proximity stores, 451 Perekrestok supermarkets, 84 Karusel hypermarkets and 182 convenience stores. The Company operates 34 DCs and 1,393 Company-owned trucks across the Russian Federation.

For the full year 2014, revenue totaled RUB 633,873 mln (USD 16,498 mln), EBITDA reached RUB 45,860 mln (USD 1,194 mln), and profit for the period amounted to RUB 12,691 mln (USD 330 mln). In 9M 2015, revenue totaled RUB 578,701 mln (USD 9,763 mln), EBITDA reached RUB 41,780 mln (USD 705 mln), and net income amounted to RUB 12,084 mln (USD 204 mln).

X5’s Shareholder structure is as follows: Alfa Group – 47.86%, founders of Pyaterochka – 14.43%, X5 Directors – 0.05%, treasury shares – 0.02%, free float – 37.64%.

For further details please contact
Maxim Novikov
Head of Investor Relations
Tel.: +7 (495) 502-9783
e-mail: Maxim.Novikov@x5.ru

Whole Foods Market named one of FORTUNE’s top 25 “Blue Ribbon Companies” for 2015

AUSTIN, Texas, 2015-12-17 — /EPR Retail News/ — Whole Foods Market has been named one of FORTUNE’s top 25 “Blue Ribbon Companies” for 2015. Already a FORTUNE “World’s Most Admired,” “Best Company to Work For,” and a “Change the World” company in 2015, Whole Foods Market earned a spot on the “Blue Ribbon Companies” list for being a “best of the best” business, according to FORTUNE.

Other accolades the company has received in 2015 include:

• Greenpeace named Whole Foods Market the top retailer for seafood sustainability in the nonprofit’s annual ranking of U.S. supermarkets. Whole Foods Market has topped the seafood sustainability list for three consecutive years.
• Compassion in World Farming recognized Whole Foods Market with a Good Sow Commendation and Global Good Egg Award for the company’s animal welfare efforts.
• The Better World Shopping Guide awarded Whole Foods Market an “A” rating in its latest edition.
Reputation Institute ranked Whole Foods Market America’s third most reputable company in the retail industry and the third-strongest retail brand in America and named Whole Foods Market one of America’s most reputable companies for corporate social responsibility.

SOURCE: Whole Foods Market

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Rite Aid extends shopping hours to help customers complete their shopping lists

Many Rite Aid Stores Nationwide Offer Extended Shopping Hours From 8 a.m. to 11 p.m. Through Dec. 23

CAMP HILL, Pa., 2015-12-17 — /EPR Retail News/ — From now through Dec. 23, select Rite Aid stores nationwide are offering extended shopping hours to help customers complete their shopping lists. From family to friends, school teachers and coworkers, Rite Aid’s 4,600 convenient locations will have the perfect gift for everyone on your list.

Sweet Holiday Treats
Give the gift of chocolate this holiday with decadent boxed chocolates from Ferrero Rocher, Russell Stover, Lindt, Queen Anne chocolate covered cherries, Ghirardelli peppermint bark squares or Whitman’s assorted chocolate sampler. Fill the stockings with novelty chocolate and candy items with holiday classics such as candy canes in a variety of flavors, chocolate Santas and Hershey’s Kisses.

Perfect for teachers or coworkers, Rite Aid carries assorted holiday food and gift sets featuring favorite movies such as Star Wars and Frozen and brands like Starbucks and Swiss Miss. Customers will also find great deals on popular holiday treats including Planter’s Peanut Holiday 3-packs, 24 oz. Holiday popcorn tins in a variety of designs and characters, Royal Dansk Butter Cookies and red and green M&M’s, perfect for any candy dish.

Toys for All Ages
Rite Aid’s KidStuff line offers an assortment of toys for kids of all ages. Games, arts and crafts, cuddly plush, puzzles and more available in favorites such as Mickey and Minnie, Frozen, Star Wars, My Little Pony and Teenage Mutant Ninja Turtles. For preschoolers, shoppers will find a variety of Fisher Price toys and building block sets. For the older kids, Rite Aid carries mini hockey tables, cars, trucks, helicopters and motorcycles. Fun jewelry, bead and scrapbooking sets, puppy carriers, Shopkins and baby dolls can also be found on Rite Aid’s shelves.

Electronic Gifts
From now until Christmas, Rite Aid’s offering great deals on Craig tablets, netbooks, a 19-inch flatscreen television and 27-inch tower speaker, along with the popular Atari and Sega Genesis systems complete with games. Help them recharge this holiday with stocking stuffers including ear buds, car and wall chargers for techies.

Beauty Gifts
Customers will find great savings on a wide assortment of fragrances from favorites such as Katy Perry and Vera Wang and even designers like Dolce & Gabbana and Versace. Be sure not to miss the holiday cosmetic gift sets from Wet n’ Wild, a broad selection of bath gifts sets including Dove, Caress and Nivea and a variety of curling irons.

Gift Card Specials
Can’t find the perfect gift? With over 180 to choose from, Rite Aid has a large selection of gift cards for anyone on the list. Popular for this year include Macy’s, Toys R Us, Applebee’s, Olive Garden, Starbucks, Google Play, iTunes, Gap, Old Navy, Home Depot, Lowes and Rite Aid, along with the American Express and Vanilla Visa gift cards.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2015 annual revenues of $26.5 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

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Contact:

Media: Kristin Kellum 717-975-5713

Macey’s grocery stores donates 1,500 pounds of Ham to Utah Food Bank and St Vincent de Paul’s Dining Hall

Local grocery store helps provide 1,500 pounds of ham for families in need

Salt Lake City, UT, 2015-12-17 — /EPR Retail News/ — Macey’s grocery stores will donate approximately 1,500 pounds of Hormel Ham to Utah Food Bank and St Vincent de Paul’s Dining Hall on Thursday, December 17, at 10:00 a.m. at Macey’s in Sandy. The donation, aimed to help assist locals in need, will serve as a reminder of the spirit of giving and helping your neighbors during the holiday season.

 

WHO:              Macey’s Grocery Store

WHAT:            Macey’s will donate 450 Hormel hams (1,500 pounds valued at $9,000 dollars) to Utah Food Bank and Catholic Community Services’ St. Vincent de Paul Dining Hall

*Visual: Macey’s employees loading Utah Food Bank and Catholic Community Services truck with Hormel ham.

WHEN:            Thursday, December 17, 10 a.m.

WHERE:          Macey’s Sandy (7850 S 1300 E, Sandy) Utah

WHY:               To raise awareness about food insecurity in Utah as well as a way to give during the holiday season.

 

About Macey’s
In 1947, Walt Macey and Dale A. Jones started the “Save-A-Nickel-Market” in Rosepark, Utah. Macey’s grew from a small store into a multi-store chain by providing personalized old-fashioned service. Known for their famous doughnuts and Kong Kones, Macey’s grocery stores offer a made-from-scratch in-store bakery, delicatessen, full-service grocery, meat, produce and a non-foods department and above all, friendly service. For more information, visit maceys.com

 

About Utah Food Bank
Founded in 1904, Utah Food Bank has operated under various names but remains true to its mission of Fighting Hunger Statewide by providing food to a statewide network of 140 emergency food pantries and agencies. Last fiscal year, Utah Food Bank distributed 37.5 million pounds of food and goods, the equivalent of approximately 31.3 million meals, to families and individuals in need.  For more information about Utah Food Bank, visit http://www.utahfoodbank.org. Find us on Facebook at http://www.facebook.com/UtahFoodBank and Twitter at http://www.twitter.com/UtahFoodBank.

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CONTACT:

Sarah Pettit
Macey’s Grocery
Cell: 801-916-1070
scpettit@afstores.com

PREIT to release its financial results for the quarter ending December 31, 2015 on February 23, 2016

PHILADELPHIA, 2015-12-17 — /EPR Retail News/ — Pennsylvania Real Estate Investment Trust (PREIT / NYSE: PEI) intends to release its financial results for the quarter ending December 31, 2015 after market trading closes onTuesday, February 23, 2016.

Management has scheduled a conference call for 11:00 a.m. Eastern Time on Wednesday, February 24, 2016, to review the Company’s results and future outlook.  To listen to the call, please dial 1-888-346-8835 (domestic toll free), 1-412-902-4271 (international), or 1-855-669-9657 (Canada toll free) and request to join the PREIT call at least five minutes before the scheduled start time.  Investors can also access the call in a “listen only” mode via the internet at the Company’s website, preit.com.  Please allow extra time prior to the call to visit the site and download the necessary software to listen to the Internet broadcast.  Financial and statistical information expected to be discussed on the call will also be available on the Company’s website. For best results when listening to the webcast, the Company recommends using Flash Player.

For interested individuals unable to join the conference call, a replay of the call will be available through March 9, 2016 at 1-877-344-7529 (domestic toll free), 1-412-317-0088 (international), or 855-669-9658 (Canada toll free) using the replay code, 10077672.  The online archive of the webcast will also be available for 14 days following the call.

About PREIT (Pennsylvania Real Estate Investment Trust)
PREIT (NYSE:PEI) is a publicly traded real estate investment trust specializing in the ownership and management of differentiated shopping malls.  Headquartered in Philadelphia, Pennsylvania, the Company owns and operates approximately 27 million square feet of retail space in the eastern half of the United States with concentration in the Mid-Atlantic region’s top MSAs. Since 2012, the Company has seen a transformation guided by an emphasis on balance sheet strength, high-quality merchandising and disciplined capital expenditures.  Additional information is available at www.preit.com, on Twitter or LinkedIn.

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

CONTACT: AT THE COMPANY
Robert McCadden
EVP & CFO
(215) 875-0735

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

SOURCE PREIT

PREIT: Dick’s Sporting Goods to open at Cumberland Mall in Vineland, New Jersey

Store will backfill former JC Penney location

PHILADELPHIA, 2015-12-17 — /EPR Retail News/ — PREIT  (NYSE: PEI) announces its plans to open a Dick’s Sporting Goods at Cumberland Mall in Vineland, New Jersey. The sports and fitness retailer, which offers brand name, high-quality sporting equipment, accessories, apparel and footwear at competitive prices, will occupy the former JCPenney Department Store space in a 50,000 square foot location.

PREIT CEO Joseph F. Coradino says this transaction demonstrates PREIT’s continued success in replacing anchors with in-demand retailers. “The addition of Dick’s Sporting Goods will improve the merchandise mix and solidify the tenant roster at Cumberland Mall. This transactions cements Cumberland Mall’s position as a dominant retail hub in the area and adds to its appeal catering to a wide variety of consumers.”

Cumberland Mall, currently anchored by Boscov’s, Burlington Coat Factory, Marshalls, ULTA and Regal Cinemas, features more than 90 specialty retailers and dining establishments including Applebee’s, American Eagle Outfitters, Bath & Body Works, Chick-Fil-A, Kay Jewelers, Old Navy, Red Lobster, Red Robin, Rue21, Starbucks, and Victoria’s Secret.  The property is also home to several big box retailers including BJ’s Wholesale Club, The Home Depot,  Toys ‘R’ US/Babies ‘R’ US and Michaels.

About Pennsylvania Real Estate Investment Trust
PREIT (NYSE:PEI) is a publicly traded real estate investment trust specializing in the ownership and management of differentiated shopping malls.  Headquartered in Philadelphia, Pennsylvania, the company owns and operates approximately 27 million square feet of retail space in the eastern half of the United States with concentration in the Mid-Atlantic region’s top MSAs. Since 2012, the company has seen a transformation guided by an emphasis on balance sheet strength, high-quality merchandising and disciplined capital expenditures.  Additional information is available at www.preit.com, on Twitter or LinkedIn

About DICK’S Sporting Goods
DICK’S Sporting Goods, Inc. is an authentic full-line sports and fitness specialty omni-channel retailer offering a broad assortment of high quality, competitively-priced brand name sporting goods equipment, apparel and footwear in a specialty store environment. For more information, visit dickssportinggoods.com

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

SOURCE PREIT

The Auchan Retail International Graduate Program launched

Croix Cedex, France, 2015-12-17 — /EPR Retail News/ — The Auchan Graduate Program gives 35 talented young employees and graduates from 9 countries the opportunity to take part in an ambitious international course.

The objective? To create a global pool of talented individuals with strong potential and to nurture selected future managers within the group and earn their loyalty.

The Auchan Graduate Program provides young employees with a wonderful opportunity to boost their careers and also gives graduates who have just left university or entered the world of work with a unique chance to discover the various avenues they can explore at Auchan Retail and the culture of the company. In short, the course enables all candidates to ascend to management positions in record time.

The Auchan Retail International Graduate Program stands apart from other similar initiatives for the following reasons:

  • Its accessibility: open to employees and young graduates alike;
  • Its international scope: the programme is rolled out in nine countries at the same time. Candidates will each enjoy a six-month work placement abroad, during the course of which they will help manage a project;
  • The involvement of managers in the selection process, when candidates make their individual business case presentations;
  • A high level of integration: the programme is designed for future management committee heads and executive managers;
  • Teaching content.

Contact

Groupe Auchan
40, avenue de Flandre – BP 139
59964 Croix Cedex – France

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The Auchan Retail International Graduate Program launched

The Auchan Retail International Graduate Program launched

Chicago high school students got expert training from music industry professionals during Best Buy’s Grammy Camp Weekend

Christian Sessoms and Webb Dieter practiced electronic music production during the Best Buy Grammy Camp. (Photo: Jatziri Campos)

Christian Sessoms and Webb Dieter practiced electronic music production during the Best Buy Grammy Camp. (Photo: Jatziri Campos)

 

MINNEAPOLIS, 2015-12-17 — /EPR Retail News/ — Nearly 40 high school students from Chicago got expert training from music industry professionals earlier this month during Best Buy’s Grammy Camp Weekend, powered by Chicago City of Learning.

The aspiring artists studied with Grammy Foundation professionals, whose clientele includes artists such as Beyoncé, Jason Mraz, Jay Z, Madonna, Pink and Usher. The teens developed industry skills while learning about songwriting, electronic music production and video production.

Participants were selected from area high schools, the Best Buy Teen Tech Center at Little Black Pearl Art and Design Academy and other Chicago City of Learning partner organizations.

The students earned digital badges, which show the skills they achieved and are stored in portfolios at ChicagoCityofLearning.org that can be shared with teachers, college admissions officers or prospective employers.

While the Grammy Foundation influences the lives of young people by opening the windows of opportunity that music can provide for their futures, Best Buy’s Teen Tech Centers are all about showing youth of today the wonders of technology. Chicago City of Learning, of which Best Buy is the lead corporate sponsor, joins together learning opportunities for young people in a way that allows them to think about, pursue and develop their interests, leading to what they can ultimately become.

Anyone interested in an immersive music industry summer experience is encouraged to apply to GRAMMY Camp at www.grammyintheschools.com before March 31, 2016.

To learn more about Best Buy’s mission to provide teens with opportunities where they can develop tech skills that will inspire future education and career choices, visit our Community Relations website.

SOURCE: Best Buy

Best Buy employee Nate Black becomes Internet sensation

In the past week, Nate Black has gone from Best Buy employee to Internet sensation.

MINNEAPOLIS, 2015-12-17 — /EPR Retail News/ — Nate is one of the stars of “Instagram Husband,” a comedy sketch in which husbands complain about having to take photos of their wives for the social media platform. The short video spoof has gone viral, generating more than 4 million views on YouTube in just eight days.

The sketch first aired earlier this month on an episode of “The Mystery Hour,” a late-night local TV show in Springfield, Missouri, for which Nate is one of the writers. He often appears on the show with host Jeff Houghton, whom he first met while doing local improv.

We caught up with Nate, who works at our store in Springfield, to find out how his sudden online stardom is treating him.

What has it been like to watch the video take off over the past few days?

It’s weird. We’ve been doing this show for a really long time and we’ve done so many videos, and this was the first one that went viral. The other day, I was in here counting drawers and my mom started blowing up my phone because she saw me on the Today show. Immediately, I walked out and started showing everybody I could find. And Jeff, the host of “The Mystery Show,” just did an interview with CNN and appeared on an early-morning talk show in Australia. We’ve never experienced this before. The last week has been insane.

Do people recognize you at work?

On Saturday, I probably had five or six people walk up to me at Best Buy and say, ‘Hey, great video, man!’ And it’s even weirder with co-workers because I’m not a huge self-promoter. They’re texting me and pulling me aside at the store and saying, ‘I saw you on this mom blog that my wife goes to’ and stuff like that. One came up to me and said, ‘My cousin, who lives in Kansas City, sent me this video. Can I take a photo with you, so I can prove I know the guy in that video?’

Is there more pressure now to seize the momentum and come up with another viral hit?

Absolutely. We have three or four really good ideas that we’ve been sitting on. This was just the one that we felt like we had to do it now. We’ve got other ideas, and now everyone keeps shooting me ideas. It’s so cool, but we don’t run a YouTube channel, we do a late-night talk show. So that’s kind of the relief for us. If we focus on just another YouTube hit, we won’t be able to do a show, and that’s what we want to do.

What does this mean for the show?

It will be interesting. We’ve been doing this show for so long, and it’s been gaining traction year over year, but nothing like this. This video gives us instant credibility. I think it will be really good for our show. I think it will blow it up.

What’s your plan for the future?

I don’t know. I love working for Best Buy. In terms of the creative stuff, I’d love to continue doing improv and see “The Mystery Hour” really take off to the point where it could be a full-time job. Honestly, I have no idea.

SOURCE: Best Buy

Albert Heijn: Eerste Allerhande Kerstfestival smaakt naar meer

Albert Heijn: Eerste Allerhande Kerstfestival smaakt naar meer

Albert Heijn: Eerste Allerhande Kerstfestival smaakt naar meer

 

Praten met mensen achter de producten wordt enorm gewaardeerd

Utrecht, NETHERLANDS, 2015-12-17 — /EPR Retail News/ — Het Spoorwegmuseum vormde dit weekend voor dagelijks meer dan 10.000 bezoekers het decor van een sprookjesachtig en gezellig kerstfestijn. Het Allerhande Kerstfestival was, ondanks het wisselvallige weer, volledig uitverkocht. Dit kon de bezoekers niet deren, want zij gaven gemiddeld een 8 aan deze allereerste editie van het festival. De verbinding tussen telers, leveranciers, klanten en medewerkers stond centraal tijdens het evenement. Dit leidde tot bijzondere en warme gesprekken over lekker eten met Kerst. Daarnaast werd er natuurlijk volop gratis geproefd van de 220 feestfavorieten en ging men zelf aan de slag gaan tijdens één van 40 workshops van bekende chef-koks. Het sfeerplaatje was compleet met live optredens van onder andere Roel van Velzen en het kinderkoor van Babette Labeij.

Het Kerstfestival bood ruimte aan 250 activiteiten, voor jong en oud. Dit varieerde van proeven van de lekkerste ingrediënten voor een geslaagd kerstdiner tot activiteiten zoals schaatsen en het bijwonen van spectaculaire optredens. Het brede karakter van het evenement zorgde ervoor dat mensen enthousiast naar buiten gingen: 8 van de 10 bezoekers zouden volgend jaar weer naar het Kerstfestival gaan en het ook aanbevelen aan anderen.

Het Kerstfestival in cijfers:

  • De populairste stands waren die van de Meesterslager, het dessertplein en de borrelhappen
  • De meest geproefde producten tijdens het Kerstfestival waren: black angus carpaccio, viscanapé’s, kerstster taart en chateaubriand
  • In totaal werden meer dan 36.000 receptenkaarten uitgegeven
  • Meer dan 5.000 wensen werden opgehangen in Albert Heijn wensboom
  • Zo’n 4.500 kookliefhebbers schaafden hun kookkunsten bij tijdens 40 workshops
  • Er werden 3.000 Allerhande coverfoto’s gemaakt
  • Er waren meer dan 70 stands verdeeld over 7.000 m2

Net zoveel mannen als vrouwen op het festival

Het Allerhande Kerstfestival beleefde haar eerste editie. Na 6 maanden voorbereiding was het voor de meer dan 500 Albert Heijn medewerkers op het festival erg spannend. Hoe zouden mensen reageren op deze mix van een foodfestival & kerstmarkt en wat voor bezoekers zouden tijdens het festival langskomen. Dit bleek een gemêleerd gezelschap te zijn. De verdeling man/vrouw was 50/50 en ook qua leeftijd was er een grote variatie te zien. Het publiek was afkomstig uit heel Nederland, van Limburg tot Groningen en van Zeeland tot Drenthe.

Kerst is nog maar net begonnen…

Het Kerstfestival is achter de rug, maar de kerstdrukte is voor Albert Heijn nog maar net begonnen. Na alle inspiratie tijdens het festival, staan 100.000 medewerkers nu klaar in de winkels en distributiecentra om klanten een onvergetelijke Kerst te bezorgen.

Kijk voor een sfeerimpressie van het festival op Facebook of bijgaande foto’s.

SOURCE: Albert Heijn

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Hong Kong: A.S. Watson Group Celebrates its 175th Anniversary

Mrs. Carrie Lam, GBS, JP, Chief Secretary for Administration, Hong Kong SAR Government congratulated the A.S. Watson Group at its 175th Anniversary cocktail on being one of the longest-standing companies in Hong Kong, and on its world-leading position in retail.

Mrs. Carrie Lam, GBS, JP, Chief Secretary for Administration, Hong Kong SAR Government congratulated the A.S. Watson Group at its 175th Anniversary cocktail on being one of the longest-standing companies in Hong Kong, and on its world-leading position in retail.

 

Hong Kong, 2015-12-17 — /EPR Retail News/ — 175 years ago, a small dispensary opened in Hong Kong as one of the very first pharmacies in the city. Today, this Hong Kong-based dispensary, the forerunner of A.S. Watson Group (the “Group”), has grown into the world’s largest international health and beauty retailer, with over 12,000 stores operating in 24 markets in Asia and Europe. Established in 1841, the Group will celebrate its momentous 175th anniversary in 2016. The celebrations kicked off with a cocktail event today officiated by Mrs Carrie Lam, GBS, JP, Chief Secretary for Administration, Hong Kong SAR Government and Mr Wu Siu-hong, MH, Champion of the 51st QubicaAMF Bowling World Cup.

Mr Dominic Lai, Group Managing Director of A.S. Watson, remarked on the journey of one of the longest standing companies in the city. “We were the 15th company registered officially in Hong Kong. Over the years, the Group has grown from a small local dispensary to the world’s largest international health and beauty retailer. We are proud to have taken a Hong Kong-based company to a leading position on the world retail landscape.”

“We were growing along Hong Kong as it transformed itself from a fishing village to a truly global city and a hub of international trade. A.S. Watson has been part of Hong Kong’s history, and will definitely be part of Hong Kong’s future.”

According to the Deloitte Annual Global Power of Retailing Report, the Group ranked 48th last year amongst all retail companies in the world. In Hong Kong, the Group operates over 620 stores and is one of the largest employers with over 12,000 employees across its retail and manufacturing businesses.

As well as contributing to the city’s economic development, the Group is also one of the most active companies in social responsibility in Hong Kong. In the last two years alone, the Group has invested more than $24 million in the areas of youth education, health and caring community activities. Our commitment to the community has gained widespread recognition; the Group won the Asia’s Best Employer Brand Award, has been named Distinguished Family-friendly Employer, and won the Social Capital Builder Award and the Asia Responsible Entrepreneurship Award 2015 – Social Empowerment.

In celebration of the 175th anniversary milestone and to support the government’s “Appreciate Hong Kong” campaign, the Group will launch Project LOL, a philanthropy programme focusing on supporting the society in three areas – health, education and caring community. Project LOL is about bringing “Lots of Laugh, Lots of Love” to the people of Hong Kong. It is also about encouraging people to show appreciation to each other and to be positive and energetic in helping make Hong Kong, our home city, a better place. The programme will be kicked off with a large-scale care for elderly activity in April 2016 when the Group will mobilise the commercial sector to join forces in visiting and bringing love to 1,750 singleton elderly.

Officiating at the launch of the Project LOL, Mr Wu Siu-hong, the first Hong Kong athlete to win the 51st QubicaAMF Bowling World Cup said, “A.S. Watson Group has a long history of supporting sports development in Hong Kong. Its Watsons Water is also a strong supporter for tenpin bowling events. I’m so glad to see the launch of this Project LOL to bring lots of laugh and love to the city and to serve more needy in the community.”

In addition, to mark the occasion of the Group’s Anniversary, a special edition $175 gift coupon was unveiled. The coupon is specially designed with an illustration showing one of the first Watson’s The Chemist stores, in Alexandra House, Central. The coupon has value as a memento, and can also be used across all of the Group’s retail outlets in Hong Kong, including Watsons, PARKnSHOP, Fortress and Watson’s Wine. The quantity of the special edition gift coupon on sale will be limited to 30,000 and will be opened for sale in January 2016 in all of the Group’s retail outlets in Hong Kong. Another 3,000 coupons will be given away to our customers via social media and activities to thank their support over the years. The full collection of historical sketches is available on our corporate website: www.aswatson.com/175.

The Group’s 175th Anniversary celebration will begin in January 2016 and will last for the full year. In Hong Kong, specially designed collectable bottles of Watsons Water will hit the market in February; Watsons will also offer customers free trips to selected markets in which the Group operates as lucky draw prizes, and over 200 happy customers will enjoy free shopping every week in April. Special loyalty club member promotions will be available from all of our retail brands, including Watsons, Fortress, PARKnSHOP and Watsons Wine, throughout the year. Over 240 celebration activities have been planned across the globe in all the Group’s 24 operating markets, to recognise the support of our customers, employees, business partners and the communities in which we operate.

SOURCE: A.S. Watson Group

A.S. Watson Retail (HK) Ltd
hongKongIcons Contact

Watson House, 1-5 Wo Liu Hang Road, Fo Tan,Shatin, N.T., Hong Kong
+852 2606 8833
+852 2690 2836
grouppr@aswatson.com

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Klépierre: early repayment of all outstanding US Private Placement notes

PARIS, 2015-12-17 — /EPR Retail News/ — Klépierre announces that it has fully early repaid all of its outstanding US Private Placement notes for a nominal value of 840 million euros and terminated attached cross currency swaps.

This financing, issued by Corio in 2007, was denominated in USD (830 million), euros (100 million), and GBP (50 million), posting a 2.7 year weighted average maturity at prepayment date.

Total repayment (including mark-to-market, swap unwinding, and termination costs) amounted to 897 million euros. After repayment, Klépierre’s consolidated Loan-to-Value ratio remains below its 40% target and the Group’s liquidity position stands above 2.5 billion euros.

As of today, more than 50% of Corio’s outstanding debt has already been refinanced, with an expected positive impact in 2016 of around 15 bps on Klépierre’s average cost of debt.

Citigroup and Oddo Seydler Corporate Finance were Klépierre’s advisors on this transaction.

ABOUT KLEPIERRE
A leading shopping center property company in Europe, Klépierre combines development, rental, property, and asset management skills. Its portfolio is valued at 21.9 billion euros on June 30 2015. It comprises large shopping centers in 16 countries of Continental Europe. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager.

Klépierre’s largest shareholders are Simon Property Group (20.3%), world leader in the shopping center industry and APG (13.6%), a Netherlands-based pension fund firm. Klépierre is a French REIT (SIIC) listed on Euronext ParisTM and Euronext Amsterdam included the EPRA Euro Zone and the GPR 250 indexes. Klépierre will be included in the CAC 40 index effective December 21, 2015. Klépierre is also included in several ethical indexes – DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and Eurozone 120 – and is a member of both Ethibel Excellence and Ethibel Pioneer investment registers. Klépierre is also ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions mark the Group’s commitment to a voluntary sustainable development policy.

For more information, visit our website: www.klepierre.com

AGENDA

February 9, 2016 2015 Full year earnings (press release after market close)
April 28, 2016 2016 first quarter revenues (press release after market close)

INVESTOR RELATIONS CONTACTS

Vanessa FRICANO – + 33 1 40 67 52 24 – vanessa.fricano@klepierre.com Julien ROUCH – +33 1 40 67 53 08 – julien.rouch@klepierre.com

MEDIA CONTACTS

Aurélia de LAPEYROUSE – + 33 1 53 96 83 83 – adelapeyrouse@brunswickgroup.com Nathalie BAUDON – + 33 1 53 96 83 83 – nbaudon@brunswickgroup.com

***

This press release is available on Klépierre’s website: www.klepierre.com

Klépierre Supervisory Board as of December 15, 2015

PARIS, 2015-12-17 — /EPR Retail News/ — During its meeting held on December 14, 2015, the Supervisory Board of Klépierre acknowledged the resignation of Mrs. Dominique Aubernon of her mandate of member of the Supervisory Board following the disposal by BNP Paribas of its entire stake in the share capital of Klépierre.

The Supervisory Board entrusted the Nomination and Compensation Committee with the task of examining the conditions of her replacement.

Following this resignation, the Supervisory Board of Klépierre is composed of the following members:

  • Mr David Simon, Chairman
  • Mr John Carrafiell, Independent director
  • Mr Jeroen Drost
  • Mr Bertrand de Feydeau, Independent director
  • Mr Steven Fivel
  • Mr Bertrand Jacquillat, Independent director
  • Mr Stanley Shashoua
  • Mrs Catherine Simoni, Independent director
  • Mrs Rose-Marie Van Lerberghe, Independent director

ABOUT KLEPIERRE
A leading shopping center property company in Europe, Klépierre combines development, rental, property, and asset management skills. Its portfolio is valued at 21.9 billion euros on June 30 2015. It comprises large shopping centers in 16 countries of Continental Europe. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager.

Klépierre’s largest shareholders are Simon Property Group (20.3%), world leader in the shopping center industry and APG (13.6%), a Netherlands-based pension fund firm. Klépierre is a French REIT (SIIC) listed on Euronext ParisTM and Euronext Amsterdam included the EPRA Euro Zone and the GPR 250 indexes. Klépierre will be included in the CAC 40 index effective December 21, 2015. Klépierre is also included in several ethical indexes – DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and Eurozone 120 – and is a member of both Ethibel Excellence and Ethibel Pioneer investment registers. Klépierre is also ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions mark the Group’s commitment to a voluntary sustainable development policy.

For more information, visit our website: www.klepierre.com

AGENDA

February 9, 2016 2015 Full year earnings (press release after market close)

April 28, 2016 2016 first quarter revenues (press release after market close)

 

INVESTOR RELATIONS CONTACTS

Vanessa FRICANO – + 33 1 40 67 52 24 – vanessa.fricano@klepierre.com Julien ROUCH – +33 1 40 67 53 08 – julien.rouch@klepierre.com

MEDIA CONTACTS

Aurélia de LAPEYROUSE – + 33 1 53 96 83 83 – adelapeyrouse@brunswickgroup.com Nathalie BAUDON – + 33 1 53 96 83 83 – nbaudon@brunswickgroup.com

***

This press release is available on Klépierre’s website: www.klepierre.com

New Zealand: 2016 New World Beer & Cider Awards now accept entries

AUCKLAND, New Zealand, 2015-12-17 — /EPR Retail News/ — Entries are now open for the 2016 New World Beer & Cider Awards.  Breweries, large and small, are encouraged to enter and compete in this unique celebration of great beer and cider from New Zealand and around the world.

The number of beer and cider products – from tea-beers to pumpkin ales, pilsners and citrus ciders – has exploded in the last few years and consumers are equally diverse in their tastes. These awards meet the market and give the best brewers in the business a chance to stand out from the crowd across thirteen categories with New World customers nationwide.

Best in Class winners of the 2016 Awards will be guaranteed distribution in 137 New World stores nationwide with extensive brand exposure and the opportunity for sustained sales.

Chair of the independent judges, beer writer and author, Michael Donaldson, said New Zealand has a great track record and this is an exciting time to be involved in its development.

“The 2016 New World Beer & Cider Awards will be a unique event.  Unlike most other competitions, the awards are focused primarily on the consumer. The presentation of results will help New World customers navigate the increasingly complex beer world, allowing them to make informed choices safe in the knowledge all medal-winning beers and ciders are both technically excellent and, most importantly, enjoyable to drink.

“Since 2008 the number of brewing companies in New Zealand has nearly tripled, and craft beer now accounts for 15 per cent of all New World beer sales. New and innovative brews are creating a buzz around about beer and cider. Consumers are becoming more sophisticated in their choices and brewers are responding in similar fashion with world-class products.”

Whilst breweries do not need to be an existing New World or Foodstuffs supplier, availability is a key criterion. Entrants are required to have enough stock available to be promoted in New World stores nationwide.

An independent panel of 15 expert judges will be evaluating the entries, with cider and perry judged by specialists in this area.  Held over two days in Wellington the judging will be blind and run according to the highest international industry standards. Each entry is judged individually on its merits, using a collaborative method that evaluates the entry’s qualities, balance and drinkablility. Gold, Silver and Bronze medals will be awarded to suitably worthy entries and the “Best in Class” is awarded to the top entry in each class.

Last held in 2014, the inaugural New World Beer & Cider Awards attracted entries from 56 breweries entering 351 beers and ciders. Blair Harley from Tuatara Brewing, which won Best in Class for its Tuatara ITI Little Big Hop APA, says the promotion of New World Beer & Cider Award winners in New World stores across New Zealand is a key point of difference from other awards.

“Taking part in the New World Beer & Cider Awards in 2014, and winning Best in Class for our ITI APA, without a doubt delivered great exposure for our brand and a heightened level of brand awareness. The commercial benefits are immediate and meaningful, and post-win we saw a notable increase in sales,” said Harley.

In addition to the prestige of being recognised as a medal-winning beer or cider, New World will be maximising every opportunity to promote the Awards and Best in Class winners.

Entries to the competition close on Wednesday 27 January. To find out more information visit newworld.co.nz/nwbca

Foodstuffs Own Brands Ltd
Address:
95 May Road, Mt Roskill, Auckland 1041
PO Box 27-480, Mt Roskill, Auckland 1440
DX Box CX 15021, Mt Roskill, Auckland 1440
Phone: +64 9 621 0508
Fax: +64 9 621 0987

SOURCE: FOODSTUFFS NEW ZEALAND

Malaysia: GCH Retails (M) Sdn Bhd opens new branch in Shah Alam

Shah Alam, Malaysia, 2015-12-17 — /EPR Retail News/ — GCH Retails (M) Sdn Bhd’s latest branch in Shah Alam Is set to offer competitive pricing and business opportunities for the local population.

“Giant is here to serve the daily needs of the high-density population of Kampung Melayu Subang. Our everyday-low prices will ensure basic staples are within everyone’s reach. We will continue to offer modern, clean and customer-friendly shopping environment, wide aisles, many varieties of products and above all, fair prices,” said GCH regional director Datuk Tim Ashdown.

Located in Pusat Komersial Arena Bintang in Section US Shah Alam, Giant Superstore Star Avenue, with a total retail area of 3401sq m, is currently running its special opening promotion, which will end on Dec 27.

SOURCE: Giant

Philippines: SM Prime Holdings mall business announces recent ISO 22301 certification

Pasay City, Philippines, 2015-12-17 — /EPR Retail News/ — The mall business of SM Prime Holdings, Inc. (SM Prime), the country’s largest integrated property developer, reported its recent certification by the International Organization for Standardization. The ISO 22301 certification affirms the company’s commitment to meet the needs of its stakeholders especially in times of disasters and calamities.

ISO awarded the certificate to SM Prime for establishing and applying a Business Continuity Management program for its SM Supermalls. Likewise, the certification covers the Mall of Asia Arena Annex Building, the headquarters of SM Prime in Pasay as well as SM Megamall, one of SM Prime’s largest malls in the country.

“This certification assures our stakeholders that the company will be able to respond to, recover from and continue its business after a disruptive event. For our customers, this means assuring their safety first and foremost, even as we provide access to basic necessities even at the onset of the calamity,” SM Prime President Hans T. Sy said.

The ISO certification meant going through a series of detailed audits which included internal assessments to ensure readiness for certification and an external audit on the company’s Business Continuity Management System.

“SM Prime is committed to make sure that business continuity is part of our operations especially after a calamity to provide continuous livelihood, not only to our employees, but to the employees also of our tenants, suppliers and all our stakeholders,” Sy added.

The ISO is an independent, non-governmental international organization with a membership of 162 national standard bodies. It brings together experts to share knowledge and develop voluntary, concensus-based, market relevant international standards that support innovation and provide solutions to global challenges.

The ISO 22301 certification covers the requirements for a robust business continuity management system, which will allow the company to minimise the risk associated with disruptions and to make certain that control is maintained at all times. More information about ISO 22301 can be found in this link: http://www.isoqsltd.com/iso-certification/iso-22301-business-continuity-management-certification/.

In the last few decades, SM malls have integrated disaster risk reduction into their design and operations amid worsening effects of climate change. Aside from SM Megamall, good examples of these are SM City Cabanatuan in Nueva Ecija, SM City Marikina, SM City Masinag in Antipolo, Rizal, SM BF Paranaque, SM Angono and SM San Mateo in Rizal, SM Muntinlupa in Alabang, The SM Mall of Asia in Pasay and SM Seaside City in Cebu among others.

SOURCE: SM Investments Corporation
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Philippines: SM Prime Holdings mall business announces recent ISO 22301 certification

Shown in the photo are (from left) Richard O. Regalado, Consultant, EIAN Management Consulting; John C. Ong, Chief Finance Officer, SM Prime; Myquel M. Regalado, Adviser, EIAN Management Consulting; Royston A. Cabunag, Assistant Vice President for Operations, Mall of Asia Annex Building; Femelyn Lati, General Manager, TŪV SŪD PSB Philippines; Hans T. Sy, President, SM Prime; Christian V. Mathay, AVP for Operations, SM Megamall; Eunice M. Sotto, AVP for Enterprise Risk Management, SM Prime; Anna Maria S. Garcia, President, Shopping Center Management Corp.; and Egbert T. Lim, Mall Manager, SM Megamall.

Castorama France re-opens its Antibes store after 2 year long green building renovation

Antibes, France, 2015-12-17 — /EPR Retail News/ — Castorama France has formally re-opened its Antibes store in the south of France after a two-year long period of works. The store, which officially reopened in December, now leads the way on green building design.

The five original store buildings have been redeveloped into two. The main building has been built to passive design1 standards (as recognised by the French Thermal Regulations 2012), meaning that it will produce more energy than it consumes. Castorama’s vision is for the store to become a laboratory for testing new, sustainable construction techniques.

Some of the techniques used include:

  • double insulation
  • low energy air conditioning
  • variable LED lighting that dims or brightens depending on the amount of natural light available
  • rainwater recycling
  • windows that can regulate heat / cold
  • natural light shafts
  • 1,245 m2 of photovoltaic solar panels on the roof
  • reinforced concrete floor with a 20% lower carbon footprint than standard
  • 90% of site construction waste recycled
  • real-time energy consumption monitoring

By installing 1,245m2 of photovoltaic solar panels, the main building will be ‘Energy Positive’ as recognised by the French Thermal Regulations 2012, and based on the store’s annual average energy consumption2.

Crispin Burridge, Director of Group Property Services, Kingfisher plc, said: “We continue to trial initiatives to reduce our property portfolio energy intensity and then to find ways of delivering low or zero carbon energy. Our latest store in Castorama France demonstrates this strategy in action and what is ultimately possible.”

Exceeding sustainability standards at Brico Dépôt

The Castorama Antibes store reopening follows the opening of the latest Brico Dépôt store in Dax, south western France in October, which has been built to be as energy efficient as possible. It exceeds sustainability standards in insulation, heating and air conditioning.

The Dax store has been built as an “energy efficiency learning store”, where new technologies in this area will be tested. Brico Dépôt’s aim is to develop stores which will eventually produce the energy they need – no more, no less – autonomously. In this vein the Dax building will soon be equipped with solar panels to produce its own energy, and eventually become energy self-sufficient. Its construction meets the American standard for Net Zero energy consumption.

£50 million renewables investment by Kingfisher

In December Kingfisher announced an investment of £50 million into renewable energy as part of an ambition to reduce its energy consumption from the national grid by 10% in the next two years. The investment will be spent on a range of renewable technologies.

The roll-out of photovoltaic (PV) solar panels will commence immediately in the UK and France on distribution centres and selected stores, and is expected to be rolled-out to the majority of the 10 countries in which Kingfisher operates. Other future renewable energy sources will include air source heat pumps, combined heat and power boilers and new fuel cell generation.

The investment decision was made following the completion of a PV installation at the Screwfix head office and contact centre in Yeovil this summer, which has been performing well. More than a third of the contact centre’s power is now generated by its solar panel installation.

Kingfisher has reduced its energy intensity by 17% since 2010/11.

Ends

Media Enquiries: 020 7644 1286

Kingfisher company profile

Kingfisher plc is an international home improvement company which operates nearly 1,200 stores in 10 countries in Europe. Its main brands are B&Q, Castorama, Brico Dépôt and Screwfix. Kingfisher also operates the Koçtaş joint venture in Turkey. For further information go to www.kingfisher.com

Notes

1 In order to reach ‘Passive’ certification, a building must consume less than 15 kWh/m2. Antibes’ main building has been designed to use less than 8 kWh/m2 (excluding the solar energy generation).

2 Engineers have calculated that the energy generated from the solar panels will be greater than the stipulated primary energy consumed by the store. The primary energy is defined as that used by the heating, general lighting (includes offices but excludes merchandising accent lighting or car park lighting), cooling, ventilation and water heating.

The construction of the Antibes and Dax stores preceded Kingfisher’s announcement of its £50 million investment into renewable technologies.

SOURCE: Kingfisher plc

 

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Castorama France re-opens its Antibes store after 2 year long green building renovation

Castorama France re-opens its Antibes store after 2 year long green building renovation