Mega Co-op grocery stores will become Gordy’s Markets and Gordy’s Express stores and fuel centers to become Mega Holidays

Eau Claire, WI, 2016-1-7 — /EPR Retail News/ — Gordy’s Market and Mega Co-op are excited to announce that they have reached an agreement that will allow each company to focus on their primary business.  Under the new agreement, the Mega Co-op grocery stores will become Gordy’s Markets and the Gordy’s Express convenience stores and fuel centers will become Mega Holidays.  When this transaction is complete, Gordy’s will own and operate 24 grocery stores and Mega Co-op will own and operate 33 convenience stores and fuel centers.

According to David Schafer, Chief Financial Officer of Gordy’s Market, “This is an exciting opportunity and a true win-win for both organizations.  This transaction will allow two strong, locally owned companies to bring enhanced value to our customers throughout western Wisconsin.”  Mike Buck, President of Mega Co-op, said, “Both companies will be bigger and stronger as a result of this agreement.  This helps ensure a positive future for both of our businesses and will allow us to focus on reinvestment, growth in a highly competitive environment and returning patronage to our cooperative members.”  Both companies are looking forward to bringing their brands to more communities in western Wisconsin.  While the companies will remain separate and independent, they plan to collaborate on future new locations and support each other with joint loyalty programs, including the Pump Perks and Gas Rewards Program.  Schafer and Buck both are excited to announce that these joint programs will provide added value and convenience to their customers with the rewards being available at all of the Gordy’s Markets and Mega Holiday locations.

All of the Gordy’s locations, and all but one of the Mega Co-op locations will remain open. Mega-West, Barron and Whitehall will become Gordy’s Markets.  The Mega Co-op East will close as part of this transaction.  All 14 of Gordy’s Express convenience stores and fuel centers will become Mega Holiday locations.  Both companies will maintain their current corporate office locations.  Gordy’s and Mega Co-op combined employ close to 2500 people in western Wisconsin.  Schafer and Buck say they are working hard to minimize any job losses with this transaction.

Both companies have deep roots in the communities they serve.  Gordy’s will celebrate its 50thanniversary in 2016 and Mega Co-op has an 81 year history in Eau Claire.  Both Gordy’s and Mega Co-op are especially proud of their support and sponsorship of numerous community groups and events. Mike Buck and David Schafer have both said, “We expect this alliance will create even more opportunities to give back to the communities and neighborhoods that we serve.”

This transaction is expected to close in late February.

# # #

For more information, please contact:

Renee Bowerman
(414)520-1497
renee@broydrickgroup.com

 

SpartanNash signed a long term contract to be the primary wholesaler to Gordy’s Market

Wisconsin-based 21-store chain to begin transition February 1

Byron Center, MI, 2016-1-7 — /EPR Retail News/ — SpartanNash (Nasdaq: SPTN), the nation’s fifth largest food distributor and leading distributor to U.S. military commissaries and exchanges in the world, announced today that it has signed a long term contract to be the primary wholesaler to Gordy’s Market, the largest locally owned and operated grocer in the Western Wisconsin area. Gordy’s Market was founded by Gordon Ray and Donna Schafer in 1966 on the South Side of Chippewa Falls and has grown into a family owned 21-store/13 express fuel station chain. (Click here to find a complete list of all Gordy’s Market locations).Gordy’s will be serviced out of SpartanNash’s St. Cloud, Minnesota distribution center.

“As a wholesale/retail operator, SpartanNash’s leadership clearly understands what it takes to deliver quality products, competitive pricing, and exceptional customer service,” notes David Schafer, Chief Financial Officer for Gordy’s. “We have been impressed by SpartanNash’s leadership, commitment to growth, private brand offerings, and portfolio of value added services.” In addition to national brand products, SpartanNash will distribute its exclusive Our Family® brand, as well as the value added Top Care,® Value Time® and natural and/or organic and eco-friendly Full CircleTM brands.

Dennis Eidson, SpartanNash President and Chief Executive Officer, believes “Gordy’s is a perfect fit for our distribution operations. We have years of experience meeting our Wisconsin customers’ preferences, our St. Cloud DC is strategically located to minimize food miles, and we are positioned to help Gordy’s grow. We see this agreement as a win:win for both parties.”

SpartanNash will begin distributing private brand product to Gordy’s in mid-February and will be servicing Gordy’s as its primary distributor by May 2016.

About SpartanNash
SpartanNash (SPTN) is a Fortune 400 company and the largest food distributor serving U.S. military commissaries and exchanges in the world, in terms of revenue. The Company’s core businesses include distributing food to military commissaries and exchanges and independent and corporate-owned retail stores located in 46 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 163 supermarkets, primarily under the banners of Family Fare Supermarkets, Family Fresh Markets, D&W Fresh Markets, and SunMart.

SpartanNash
Meredith Gremel, Vice President, Corporate Affairs & Communications
616-878-2830

SOURCE: SpartanNash Company

The United Family® raised $25,129 for the South Plains Food Bank

LUBBOCK, Texas, 2016-1-7 — /EPR Retail News/ — The United Family® announced today the company’s annual holiday food drive and Lubbock guests raised $25,129 for the South Plains Food Bank. This year’s donations exceeded last year’s food drive results by more than $5,000.

Additionally, the Lubbock-area United Supermarkets, Market Street and Amigos locations sold 3,544 pre-packed bags valued at a total of $28,352, which consisted of a week’s worth of fullhearty meals. New this year, the pre-packaged bags were sold at registers for $8 each and allowed guests to make a physical donation with the convenience of a register transaction.

“With the help of our guests, The United Family increased our Lubbock-area donations by more than 76 percent compared to last year’s food drive,” said Shelby Crews, senior community relations manager for The United Family. “We are confident this donation will impact Lubbock families in need, and are grateful to our guests for sharing support at a time when local food banks need our support the most.”

To participate in the food drives, store guests were able to make donations of nonperishable food at United Supermarkets, Market Street or Amigos locations throughout Lubbock. Guests could also contribute by adding a cash donation to their bill during checkout.

About The United Family®
In its 99th year of operation, United Supermarkets, LLC – d.b.a. The United Family® – is a Texas-based grocery chain with stores in 36 communities in West Texas, Dallas-Fort Worth and New Mexico. A self-distributing company with headquarters in Lubbock and distribution centers in Lubbock and Roanoke, The United Family currently operates 66 stores under five unique banners: United Supermarkets, Market Street, Amigos, Albertsons Market and United Express, along with ancillary operations R.C. Taylor Distributing, Praters and Llano Logistics. The company is a wholly-owned subsidiary of Albertson’s LLC. For more information, please visit www.unitedtexas.com.

# # #

Media Contacts:
Mary Myers
Communications Manager
O: 806.791.8114
mmyers@unitedtexas.com

Kerri Fulks
Public Relations Support
O: 972.499.6617
kerri.fulks@hck2.com

The United Family® raised $58,968 for the High Plains Food Bank

AMARILLO, Texas, 2016-1-7 — /EPR Retail News/ — The United Family® announced today the company’s annual holiday food drive and Amarillo guests raised $58,968 for the High Plains Food Bank, which includes a $10,000 matched donation from the company.

During the food drive, guests were able to donate nonperishable food at any United Supermarkets, Market Street and Amigos locations in the Amarillo area, or purchase a can mobile for a cash donation during checkout.

“With the help of our guests, The United Family was able to donate a substantial amount to help families in need throughout the Amarillo community,” said Shelby Crews, senior community relations manager for The United Family. “We are confident this donation will have a positive impact throughout Amarillo, and are grateful to our guests for sharing support at a time when local food banks need our support the most.”

Guests were encouraged to donate items such as meat, tuna, soup, fruits, juices, vegetables, rice, macaroni and cheese, Hamburger Helper® , Rice-A-Roni® , instant potatoes and cereals and peanut butter.

About The United Family®
In its 99th year of operation, United Supermarkets, LLC – d.b.a. The United Family® – is a Texas-based grocery chain with stores in 36 communities in West Texas, Dallas-Fort Worth and New Mexico. A self-distributing company with headquarters in Lubbock and distribution centers in Lubbock and Roanoke, The United Family currently operates 66 stores under five unique banners: United Supermarkets, Market Street, Amigos, Albertsons Market and United Express, along with ancillary operations R.C. Taylor Distributing, Praters and Llano Logistics. The company is a wholly-owned subsidiary of Albertson’s LLC. For more information, please visit www.unitedtexas.com.

 

Media Contacts:
Mary Myers
Communications Manager
O: 806.791.8114
mmyers@unitedtexas.com

Kerri Fulks
Public Relations Support
O: 972.499.6617
kerri.fulks@hck2.com

Amigos will host its semi-annual health fair at four stores in the Lubbock and Amarillo areas this Saturday, Jan. 9

LUBBOCK, Texas, 2016-1-7 — /EPR Retail News/ — As part of the company’s commitment to helping guests make healthy living a part of their everyday lives, Amigos will host its semi-annual health fair at four stores in the Lubbock and Amarillo areas this Saturday, Jan. 9. For the seventh consecutive year, all activities are open to the public and free of charge.

Pharmacy representatives will be on hand to provide guests with blood pressure and glucose screenings and dietitians will be available for body mass index (BMI) calculations and healthy weight education.

WHAT: Amigos Health Fair

WHEN: Saturday, Jan. 9 11 a.m. to 3 p.m.

WHERE: Amigos – Amarillo, 3300 I-40 East, Amarillo, TX 79103 Amigos – Lubbock, 112 N. University, Lubbock, TX 79415 Amigos – Hereford, 520 N. 25-Mile Ave., Hereford, TX 79045 Amigos – Plainview, 2403 N. Columbia Ave., Plainview, TX 79072

WHO: Pharmacy Professionals and Registered Dietitians

MEDIA: For photo/filming opportunities and interviews, please contact: Kerri Fulks, 972.499.6617 or email at kerri.fulks@hck2.com Mary Myers, 806.791.8114 or email at mmyers@unitedtexas.com

About Amigos®
Amigos® is a grocery store that provides a unique blend of traditional and cultural favorites for Hispanic shoppers, as well as any guest who loves authentic Mexican flavors and unbeatable values. Stores can be found in four communities in Texas: Amarillo, Hereford, Lubbock and Plainview. Amigos is operated by The United Family®, a Texas-based grocery chain that has 67 stores in West Texas, Dallas-Fort Worth and New Mexico under five unique brands: United Supermarkets, Market Street, Amigos, Albertsons Market and United Express. The United Family is a wholly-owned subsidiary of Albertson’s LLC. For more information, please visit www.amigosunited.com.

SOURCE: AMIGOS

# # #

Media Contacts:
Mary Myers, Communications Manager
O: 806.791.8114
mmyers@unitedtexas.com

Kerri Fulks, Public Relations Support
O: 972.499.6617 C: 214.549.9837
kerri.fulks@hck2.com

 

Overstock.com President Stormy Simon named on the 2016 National Retail Foundation’s (NRF) List of People Shaping Retail’s Future

Stormy Simon Honored by National Retail Foundation as a Retail Industry “Power Player”

SALT LAKE CITY, 2016-1-7 — /EPR Retail News/ — Overstock.com, Inc. (NASDAQ:OSTK) President Stormy Simon has been named as an honoree on the 2016 National Retail Foundation’s (NRF) List of People Shaping Retail’s Future. The List honors the top 25 retail industry members across five categories; Disruptors, Dreamers, Givers, Influencers, and Power Players. Simon was selected as a Power Player, whom the NRF describes as “fearless leaders who never shy away from what others may see as insurmountable challenges.”

“The List of People Shaping Retail’s Future represents the most innovative and impressive group of professionals impacting the retail industry today,” stated NRF Senior Vice President and Foundation Executive Director Ellen Davis in a press release announcing the award winners. “We are thrilled to celebrate ‘The List’ and hold them up as shining examples of the talent, passion and creativity that drive the retail industry forward.”

Simon joined Overstock.com in 2001, and has held leadership positions in nearly every department of the online retailer. In her current role as president, which she has held since 2014, Simon champions innovation in an ever-changing industry while emphasizing the customer’s experience within every aspect of the company.

“Stormy has always been a driving force behind much of the innovation and culture that has made Overstock great,” said company CEO and founder Patrick M. Byrne.  “It’s fitting that she finally be recognized as someone shaping retail’s future, as she’s been an instrumental part of building the foundation of e-commerce over the past 14 years.”

Simon and the other 24 honorees will be recognized at the NRF Foundation Gala, to be held on January 17, 2016 in New York City. The Gala, in its second year, celebrates and honors The List of People Shaping Retail’s Future, and awards scholarships to talented students striving to become the next generation of retail leaders.

About Overstock.com
Overstock.com, Inc. (NASDAQ:OSTK) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, rugs, bedding, electronics, clothing, and jewelry.Worldstock.com is dedicated to selling artisan-crafted products from around the world whereas Main Street Revolution small-scale entrepreneurs in the U.S. by providing them a national customer base. Overstock has additional community-focused initiatives such as aFarmers Market and pet adoptions.  Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock sells internationally under the name O.co.  Overstock (http://www.overstock.com and http://www.o.co) regularly posts information about the company and other related matters under Investor Relations on its website.

O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock Fair Trade, Worldstock, and OVillage are registered trademarks. O.biz, Club O Dollars, and OGlobal are trademarks of Overstock.com, Inc. The Overstock.com, Club O, and Worldstock Fair Trade logos are also registered trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact.  Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-Q for the quarter ended September 30, 2015, which was filed with the SEC on November 9, 2015, and any subsequent filings with the SEC.

Media Contact:
Mark Delcorps, Overstock.com, Inc.
+1 (801) 947-3564
pr@overstock.com

Investor Contact:
Mark Harden, Overstock.com, Inc.
+1 (801) 947-5409
mharden@overstock.com

SOURCE: Overstock.com

###

Overstock.com President Stormy Simon named on the 2016 National Retail Foundation’s (NRF) List of People Shaping Retail’s Future

Overstock.com President Stormy Simon named on the 2016 National Retail Foundation’s (NRF) List of People Shaping Retail’s Future

Raley’s Family of Fine Stores raised over 3.4 million pounds of healthy and hearty food for those in need

Fair Oaks, CA, 2016-1-7 — /EPR Retail News/ — This holiday season, Raley’s Family of Fine Stores raised over 3.4 million pounds of healthy and hearty food for those in need throughout Northern California and Nevada – the highest donation in recent years. With the support of Raley’s generous customers, team members, vendors and community partners, Raley’s Food For Families 29thannual holiday bag drive surpassed the campaign’s goal (3 million pounds). The food donations were collected from November 6th through December 31st.  

 “This year’s Food For Families Holiday Bag Drive was one of our best yet,” said Jennie Teel-Wolter, Food For Families Development Officer. “Raising over 3 million pounds of wholesome food for our local food banks is a tremendous accomplishment, and we’d like to thank our customers and team members for their generous support.  Together, we made the holidays happier and healthier for thousands of families facing hunger.” 

Donations were received in stores, through Facebook, online, and by text.  For just $10, customers donated a bag of wholesome food to Food For Families. Raley’s more than doubled all donations, turning each $10 dollars into more than $27 worth of food.  All contributions collected stayed in the communities in which they were raised and were distributed by local Food For Families’ food bank partners.  Each holiday bag provided up to 21 meals and included fresh produce and milk in addition to pantry staples like whole wheat pasta and tuna. Over seventy regional food banks distributed holiday bags purchased to benefit local families.

In addition to the more than 3.4 million pounds of food, Raley’s once again donated over 12,500 fresh turkeys, chickens and hams, which served over 65,000 individuals.

For information about our stores, please contact Chelsea Minor, Director of PR and Public Affairs at CMinor1@raleys.com.

SOURCE: Raley’s Family of Fine Stores

###

Raley’s Family of Fine Stores raised over 3.4 million pounds of healthy and hearty food for those in need

Raley’s Family of Fine Stores raised over 3.4 million pounds of healthy and hearty food for those in need

Colruyt opens temporary store during Oudenaarde closure 11 January to December 2016

Colruyt opens temporary store during Oudenaarde closure

Halle, Belgium, 2016-1-7 — /EPR Retail News/ — From Monday 11 January to December 2016, Colruyt customers in Oudenaarde can shop in a temporary store (Meersbloem-Leupegem 24). The current store at the Tacambaroplein will be closed during that period. It will be completely demolished to make room for a new-generation Colruyt store, where customers will be able to shop even more efficiently.

Lowest prices in the store …

“We made sure our customers can keep shopping easily and close to their home at the lowest prices while the store is closed”, says store manager Evelyne De Vos. “That is why we open a temporary store where customers can find all their familiar products.

… and at Collect&Go

We also provide a Collect&Go pick-up point. It is larger than the current one, which means the employees will be able to help more customers. Evelyne De Vos: “Collect&Go is the handy Colruyt service where we shop for our customers. They send us their shopping list over the Internet or using their smartphone, and we have their products ready at the pick-up point on the day and time of their choice. It’s a handy service, and customers save time!”

Tasting during opening week

During the temporary store’s opening week, from Monday 11 to Saturday 16 January 2016, customers will be given a special welcome. Evelyne De Vos: “During that week, we will serve a nice breakfast from 8.30 to 11 a.m. And from 11 a.m. to 7 p.m., they can try delicious snacks and a tasty drink. Everyone is most welcome!”

For more information, please contact:

– Filip Ghillebaert (regional manager) at 02 360 10 40
– Jan Derom (press officer of Colruyt Group) at 0473 92 45 10

Practical information:

Temporary Colruyt Oudenaarde

Meersbloem-Leupegem 24
9700 Oudenaarde

Opening times:

Mon-Sat:  8.30 – 20.00
Fri:      8.30 – 21.00

Contact
Jan Derom
press@colruytgroup.com
+32 (0)2 363 55 45
+32 (0)473 92 45 10

 

SOURCE: Colruyt Group

Recall: 5 Senses Torti-Ya! sold at Colruyt and Collect&Go

Halle, Belgium, 2016-1-7 — /EPR Retail News/ — Checks by the FASFC showed that the allowed amount of ESBO (Epoxidized Soybean Oil) was exceeded in the Torti-Ya! tortilla preparation based on potatoes and onions of the brand 5 Senses (glass jar of 350 g).

Epoxidized soybean oil is used as a plasticizer to make the coating of the jar’s lid more flexible. It is not used as an ingredient. Consuming the tortilla preparation will therefore not cause acute toxic symptoms.

However, a repeated intake of too high ESBO amounts can negatively impact some organs, such as the lever, kidneys and uterus.  That is why Colruyt and Collect&Go are removing the product from the shelves as a precaution. They ask their customers not to consume the product and to return it to the store. The product will then be refunded.
Meanwhile, all stores have removed the products from the shelves.

Description of the product:

Sold at Colruyt and Collect&Go

5 Senses Torti-Ya!
Tortilla preparation based on potatoes and onion 350 g

Best before date: 05/2019
Article number: 23114
Batch number: 080140617

Sold from March 2015 until December 2015

For more information, customers can call the telephone number 02 360 10 40.

Contact:

Jan DEROM
Press officer Colruyt Group
Tel.: 0473 92 45 10

FAQ:

What is ESBO?
ESBO or Epoxidized Soybean Oil is used as a plasticizer to make the coating of the jar’s lid more flexible. It is not used as an ingredient to prepare the product.

I have bought this product. What do I do?
Do not consume the article. Return it to your store and we will refund you.

What if I have already eaten it?
In principle, intake of the tortilla preparation does not cause acute toxic symptoms. However, Colruyt and Collect&Go are removing the product from the shelves as a precaution. Because a repeated intake of too high ESBO amounts can negatively impact some organs, such as the lever, kidneys and uterus.

Where can I get more information?
Call our customer service at the number 02 360 10 40.

This message was drawn up in consultation with the Federal Agency for the Safety of the Food Chain (FASFC).

SOURCE: Colruyt Group

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Recall: 5 Senses Torti-Ya! sold at Colruyt and Collect&Go

Recall: 5 Senses Torti-Ya! sold at Colruyt and Collect&Go

Schweizer Energiepreis: Coop erhält Watt d’Or 2016

Energie/CO2-Vision von Coop: Taten statt Worte

BASEL, SWITZERLAND, 2016-1-7 — /EPR Retail News/ — Heute Abend verleiht das Bundesamt für Energie im Kongresszentrum Kursaal in Bern zum 10. Mal den renommierten Schweizer Energiepreis Watt d’Or. Ziel des Watt d’Or ist es, aussergewöhnliche Leistungen im Energiebereich bekannt zu machen und so Wirtschaft, Politik und die breite Öffentlichkeit zu motivieren, die Vorteile innovativer Energietechnologien für sich zu entdecken. Für ihre Energie/CO2-Vision erhält Coop den Watt d’Or 2016 Spezialpreis «Unternehmensstrategie».

Bereits 2008 hat sich Coop entschieden, einen konkreten Beitrag zum Klimaschutz zu leisten und bis 2023 im betrieblichen Bereich CO2-neutral zu werden. Die Reduktion des absoluten Energieverbrauchs um 20 % im Vergleich zu 2008 und die Steigerung des Anteils erneuerbarer Energieträger auf 80 % – dies sind die Ansatzpunkte von Coop. Damit wird sich der absolute CO2-Ausstoss bis 2023 um etwa 50% reduzieren, der Rest wird mit hochwertigen Projekten kompensiert. Für ihre ambitionierte Zielsetzung, die in eine umfassende Nachhaltigkeitsstrategie eingebettet ist, erhält Coop den Watt d’Or 2016 Spezialpreis «Unternehmensstrategie».

Taten statt Worte
Coop ist auf Kurs: Bis 2014 konnte sie trotz Flächenwachstum den absoluten Energieverbrauch bereits um 6 % und den absoluten CO2-Ausstoss um über 20 % reduzieren. Coop setzt dabei auf erneuerbare Energien und optimiert konsequent all ihre Neu- und Umbauten, beispielsweise indem sie 100% LED-Beleuchtung und CO2 in Kälteanlagen einsetzt. Im Warentransport setzt sie unter anderem auf die umweltfreundliche Kombination von Schiene und Strasse.

CO2 hat einen Preis
«Der Schlüssel zum Erfolg unserer Energie/CO2-Vision liegt in unseren innovativen Investitionsgrundsätzen. Wir investieren immer dann in klimafreundliche Lösungen, wenn die Mehrkosten bei bis zu 150 Franken pro eingesparter Tonne CO2 liegen. Damit hat CO2 bei Coop einen Preis», erklärt Leo Ebneter, Leiter Direktion Logistik von Coop.

Infografik: Klimaschutzengagement von Coop auf einen Blick (PDF)

Mehr zur Energie/CO2-Vision von Coop finden Sie hier.

Fotos der Preisverleihung 2016 sind am 7. Januar 2016 ab ca. 19:00 Uhr hier zu finden.

Videos der Preisverleihung 2016 mit Statements der Jury und der Gewinner sind am 8. Januar 2016 ab ca. 15:00 Uhr auf YouTube frei verfügbar: https://www.youtube.com/user/bfe907/videos

Kontaktpersonen

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

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

SOURCE: COOP

Coop-Gruppe 2015: zusätzliche Kundinnen und Kunden gewonnen und in den Supermärkten die Kundenfrequenz um 2,4 % gesteigert

BASEL, SWITZERLAND, 2016-1-7 — /EPR Retail News/ — Coop konnte sich 2015 in einem schwierigen Umfeld und in rückläufigen Märkten gut behaupten. So hat Coop 2015 zusätzliche Kundinnen und Kunden gewonnen und in den Supermärkten die Kundenfrequenz um 2,4 % gesteigert. Insbesondere im Bereich der Frischprodukte konnten Marktanteile ausgebaut werden. Der Wegfall der Euro-Mindestgrenze und die umfangreichen Coop-Preisabschläge in der Höhe von rund CHF 200 Millionen schlugen sich hingegen auf den nominalen Nettoerlös der Coop-Supermärkte nieder. Dieser ging um 1,3 % auf CHF 10,5 Milliarden zurück. Ohne die Minusteuerung von 1,3 % lag der reale Nettoerlös der Supermärkte auf Vorjahresniveau. Ein ähnliches Bild zeigt sich in allen Detailhandelsformaten.

Der Bereich Grosshandel / Produktion legte währungsbereinigt um 3,8 % zu. Durch den Aufhebungsentscheid der Schweizer Nationalbank resultierte daraus – trotz Wachstum in den einzelnen Märkten – in Schweizer Franken umgerechnet ein Rückgang von 5,2 % auf CHF 10,6 Milliarden.

Weiterhin auf Wachstumskurs ist der Online-Handel der Coop-Gruppe, welcher insgesamt einen Nettoerlös von CHF 1,2 Milliarden erzielte. Die 23 Online-Shops im Detailhandel legten nominal um 14,0 % zu.

Insgesamt ging der Nettoerlös der Coop-Gruppe währungsbereiningt um 1,1 % auf CHF 25,9 Milliarden zurück, was währungs- und teuerungsbereinigt einem Wachstum von 1,4 % entspricht.

Coop-Gruppe
Der Nettoerlös der Coop-Gruppe setzt sich aus den Nettoerlösen der Bereiche Detailhandel und Grosshandel / Produktion zusammen. Der Nettoerlös sank gegenüber Vorjahr nominal um 4,6 % auf CHF 25,9 Milliarden. Dabei sind 3,6 % auf Währungseffekte und 2,4 % auf die Minusteuerung zurückzuführen. Real und währungsbereinigt betrug das Wachstum 1,4 %. Die Coop-Gruppe zählte per Ende Jahr 2015 insgesamt 2’205 Verkaufsstellen, was einem Zuwachs von 15 Verkaufsstellen entspricht. Die Verkaufsfläche betrug per Stichtag 31. Dezember 2015 rund 2,7 Millionen m2. Dies bedeutet eine Zunahme von 0,3 %.

Detailhandel
Der Wegfall der Euro-Mindestgrenze führte 2015 zu einem Rückgang der Detailhandelsmärkte. Der Nettoerlös des Geschäftsbereichs Detailhandel von Coop ohne Brenn- und Treibstoffe ging nominal um 1,2 % zurück. Unter Berücksichtigung der starken Minusteuerung von insgesamt 2,1 % bedeutet dies eine reale Zunahme von 0,9 %. So konnten sich die Coop-Food- und Non-Food-Formate in diesem anspruchsvollen Umfeld gut behaupten und weitgehend ihre Marktanteile ausbauen. Die Anzahl der Verkaufsstellen nahm auf 1’998 (+20) zu. Insgesamt, d. h. inkl. Brenn- und Treibstoffe, erzielte der Geschäftsbereich Detailhandel einen Nettoerlös von CHF 17,3 Milliarden.
Die starken Preisreduktionen von rund CHF 200 Millionen in den Coop-Supermärkten wirkten sich auf den Nettoerlös aus. Dieser ging nominal um 1,3 % auf CHF 10,5 Milliarden zurück. Real konnte der Nettoerlös des Vorjahres gehalten werden. Besonders erfreulich sind die Zunahme der Kundenfrequenz um 2,4 % und der Ausbau der Marktanteile im Bereich der Frischeprodukte. Per 31. Dezember 2015 wurden insgesamt 856 (+19) Coop-Supermärkte betrieben.

Die Nachhaltigkeits-Eigenmarken und -Gütesiegel entwickelten sich auch im Jahr 2015 sehr erfreulich. Ihr Nettoumsatz wuchs um 3,4 % auf CHF 2,3 Milliarden. So legte beispielsweise das Sortiment mit der Knospe der Bio Suisse weiter zu. Gegenüber dem Vorjahr setzten die Coop-Supermärkte 3,7 % mehr mit den Bio-Produkten um – insgesamt CHF 1,1 Milliarden. Fairtrade Max Havelaar wuchs 2015 dank weiterer Sortimentsumstellungen um mehr als 20 %.

Die Eigenmarke Primagusto im Bereich Früchte und Gemüse legte über 20 % zu. Die regionalen Produkte mit dem Gütesiegel Miini Region erzielten über CHF 140 Millionen und mit den einzigartig geformten Früchten und Gemüse unter Ünique wurde der Nettoumsatz mehr als verdoppelt. Mit den Produkten für Lebensmittelunverträglichkeiten konnte der Nettoumsatz auf über CHF 120 Millionen gesteigert werden.

Auswirkungen der Aufhebung der Euro-Mindestgrenze spürten 2015 vor allem die Non-Food-Formate. Starke Preisabschläge führten zu einer hohen Minusteuerung, was trotz realem Mehrumsatz zu Rückgängen der nominellen Umsätze führte.
Die 31 (-1) Coop-City-Warenhäuser erwirtschafteten einen Nettoerlös von CHF 849 Millionen. Zum Vorjahr sank der Nettoerlös nominal um 5,1 %, was auf drei Grossumbauten, die Schliessung der Filiale Thun Freienhof sowie die Minusteuerung von 1,8 % zurückzuführen ist.
Das Format Coop Bau+Hobby erzielte mit 74 (+/-0) Verkaufsstellen einen Nettoerlös von CHF 633 Millionen. Dies entspricht einem nominellen Rückgang von 1,1 %. Bereinigt um die Minusteuerung von 1,3 % konnte Coop Bau+Hobby damit leicht zulegen und dank dem realen Wachstum von 0,2 % seine Leaderposition im rückläufigen Markt weiter ausbauen.
Im stark schrumpfenden Home-Electronics-Markt haben alle Coop-Formate Marktanteile gewonnen. Die Dipl. Ing. Fust AG mit Nettoshop.ch und Schubiger sowie 162 (-4) Standorten setzte CHF 1,0 Milliarde um. Gegenüber 2014 bedeutet dies ein nominelles Wachstum von 2,3 % bei einer Minusteuerung von 6,1 %. Real legte die Dipl. Ing. Fust AG um 8,4 % zu.
Der Nettoerlös von Interdiscount und Microspot.ch mit 187 (-6) Verkaufsstellen betrug 2015 CHF 945 Millionen. Nominal schwächten sich die Erlöse um 3,9 % ab; dies aufgrund der starken Minusteuerung von 6,6%. Das reale Wachstum betrug 2,7 %.
Die Coop Mineraloel AG erwirtschaftete mit 294 (+10) Standorten einen Nettoerlös von CHF 2,2 Milliarden und musste wegen der grossen Minusteuerung auf den Treibstoffsäulenpreisen von ca. 14 % einen nominellen Rückgang von 11,0 % verbuchen. Die Coop Mineraloel AG konnte aber weiter Marktanteile ausbauen.
Weiterhin auf Wachstumskurs sind die 64 Coop-Vitality-Apotheken mit einem nominellen Wachstum von 10,4 %. Auch 2015 konnten wieder 3 Apotheken eröffnet werden.

Grosshandel / Produktion
Der Geschäftsbereich Grosshandel / Produktion erzielte 2015 mit einem währungsbereinigten Wachstum von 3,8 % einen Nettoerlös von CHF 10,6 Milliarden. In Schweizer Franken verzeichnete der Bereich Grosshandel / Produktion aufgrund der deutlich abgeschwächten Auslandwährungen einen Rückgang von 5,2 %. Die Transgourmet-Gruppe, welche im Abhol- und Belieferungsgrosshandel in der Schweiz, Deutschland, Frankreich, Polen, Rumänien und Russland tätig ist, erwirtschaftete mit 116 (+1) Cash&Carry-Märkten sowie dem Belieferungsgrosshandel einen Nettoerlös von CHF 7,5 Milliarden. Transgourmet konnte damit währungsbereinigt um 2,5 % zulegen und ihre Position als zweitgrösstes Unternehmen im europäischen Belieferungs- und Abholgrosshandel weiter ausbauen.

Online-Shops
2015 setzte die Coop-Gruppe mit ihren Online-Shops einen Nettoerlös von CHF 1,2 Milliarden um. Positiv entwickelten sich die 23 Online-Shops des Detailhandels: Der Nettoerlös stieg nominal um 14,0 % auf CHF 511 Millionen an. Der Online-SupermarktCoop@home erzielte einen Nettoerlös von CHF 120 Millionen mit einem nominellen Wachstum von 5,5 %. Auch Microspot.chkonnte seinen Erfolgskurs weiter fortführen und legte nominal um 17,8 % auf CHF 172 Millionen zu. Die Online-Bestellungen im Grosshandelsgeschäft setzten einen Nettoerlös von CHF 698 Millionen um. Der Erlös wuchs nominal um 3,4 %.

Das vollständige Unternehmensergebnis wird am 23. Februar 2016 publiziert.

Kontaktpersonen

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

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

SOURCE: COOP

Taco Bell® plans to return as a Super Bowl advertiser

Cryptic announcement teases what could be the brand’s biggest launch yet

IRVINE, Calif., 2016-1-7 — /EPR Retail News/ — In true Taco Bell® fashion, the brand today announced plans to return as a Super Bowl advertiser with a not-so-helpful press release shared on Ta.co. Leaving much to the imagination of fans, the release withheld details of the product that will be revealed during Taco Bell’s 30-second spot in the first quarter during Super Bowl® 50.

Taco Bell will continue to tease its “biggest launch to date” with a series of ambiguous activities and pop-up events.

“We aren’t revealing details of our spot until the big game, but we will have ways for our fans to engage with us in the weeks leading up to Super Bowl® 50.” said Chris Brandt, Chief Concept and Brand Officer for Taco Bell. “This build up will pay off with one of the most exciting announcements from the Taco Bell brand to date.”

Taco Bell’s new spot was created by Deutsch LA.

Fans are encouraged to follow along as the launch of the new product continues. To learn more about what could be Taco Bell’s biggest thing yet, check out The Feed on ta.co.

ABOUT TACO BELL® CORPORATION
Taco Bell Corp., a subsidiary of Yum! Brands, Inc., (NYSE: YUM), is the nation’s leading Mexican-inspired quick service restaurant. Taco Bell serves made to order and customizable tacos, burritos, and specialties such as the exclusive Doritos® Locos Tacos, gourmet-inspired Cantina Power® Menu, lower calorie Fresco options and is the first QSR restaurant to offer American Vegetarian Association (AVA)-certified menu items. Taco Bell Breakfast offers portable, classic items such as the A.M. Crunchwrap, Biscuit Taco and signature breakfast burritos. The company encourages customers to “Live Más,” both through its food and in ways such as its Feed The Beat® music program and its nonprofit organization, the Taco Bell® Foundation™. Taco Bell and its more than 350 franchise organizations have nearly 6,000 restaurants across the United States that proudly serve more than 40 million customers every week.

Like: Facebook.com/tacobell
Follow: @TacoBell (Twitter) and tacobell (Instagram)
Subscribe: YouTube.com/tacobell

MEDIA RELATIONS
Public relations inquiries please call 949-863-3915 or e-mail at media@tacobell.com

Watt d’Or 2016: Das Bundesamt für Energie zeichnet die Migros aus

Zürich, SWITZERLAND, 2016-1-7 — /EPR Retail News/ — Bereits zum zehnten Mal verleiht das Bundesamt für Energie (BFE) den “Watt d’Or”. Dieser renommierte Preis zeichnet Unternehmen für aussergewöhnliche Leistungen im Energiebereich aus. Die Migros erhält den Watt d’Or Sonderpreis in der Kategorie “Unternehmensstrategie”. Sie wird für ihr Nachhaltigkeitsprogramm “Generation M” und ihr jahrzehntelanges Engagement für Klimaschutz und Energieeffizienz ausgezeichnet.

Das Bundesamt für Energie zeichnet die Migros aus

Vorausschauendes Handeln und damit auch der sparsame Einsatz von Energie hat bei der Migros Tradition. So hat sie bereits 1973 während der Ölkrise einen Energiesparplan für jedes Migros-Unternehmen umgesetzt. Dieses Engagement hält die Migros bis heute aufrecht, das zeigen ihre zahlreichen Pionierprojekte. 2006 eröffnete die Migros die erste Minergie-Filiale in der Schweiz und den ersten Supermarkt Europas, der zu 100 Prozent mit LED beleuchtet wird. Diesen Herbst hat sie den schweizweit ersten Plus-Energie-Supermarkt lanciert. Diese Filiale produziert mehr Strom, als sie verbraucht, das gab es noch nie in der Schweiz. Für ihr langjähriges Engagement und die ambitionierten Zielsetzungen innerhalb ihres Nachhaltigkeitsprogramms Generation M erhält die Migros nun den Watt d’Or Spezialpreis 2016. “Mit unserer Klima- und Energiestrategie bekennen wir uns zur konsequenten Umsetzung der eigenen Effizienz- und Reduktionsziele. Wir freuen uns, dass der Bund unser langjähriges Engagement würdigt”, sagt Andreas Münch, Leiter Departement Logistik und Informatik und Mitglied der Generaldirektion des Migros-Genossenschafts-Bundes (MGB).

Versprechen auf Kurs
Innerhalb ihres Nachhaltigkeitsprogramms verspricht die Migros, ihren Stromverbrauch bis 2020 absolut um zehn Prozent und die Treibhausgasemissionen um 20 Prozent gegenüber dem Jahr 2010 zu senken. Die Versprechen sind auf Kurs, obwohl im gleichen Zeitraum die Filialfläche um über fünf Prozent gewachsen ist. Bis 2014 konnten der Stromverbrauch gegenüber 2010 absolut um knapp fünf Prozent und die Treibhausgasemissionen um 15 Prozent vermindert werden. Auch in Zukunft räumt die Migros der Energieeffizienz höchste
Priorität ein.

Textmaterial

Medienmitteilung (PDF, 215 kB)
Für weitere Informationen

Migros-Genossenschafts-Bund
Mediensprecherin
Christine Gaillet

Tel. 044 277 22 81
Fax 044 277 23 33
christine.gaillet@mgb.ch
Kontakt für Kunden
M-Infoline

Montag bis Freitag 08.00 – 18.00 Uhr
Samstag: 08.30 – 16.30 Uhr
Limmatstrasse 152
CH-8031 Zürich
Tel.0800 84 08 48
Zum Kontaktformular

###

Watt d'Or 2016: Das Bundesamt für Energie zeichnet die Migros aus

Watt d’Or 2016: Das Bundesamt für Energie zeichnet die Migros aus

Nordstrom, Inc. plans to open a Nordstrom Rack at The Outlet Collection at Riverwalk® in New Orleans, Louisiana

SEATTLE, 2016-1-7 — /EPR Retail News/ — Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a Nordstrom Rack at The Outlet Collection at Riverwalk® in New Orleans, Louisiana, a development of The Howard Hughes Corporation®. The approximately 35,000-square-foot store will be the first Nordstrom Rack in New Orleans and is scheduled to open in fall 2016.

Nordstrom Rack is the off-price retail division of Nordstrom, Inc., offering customers a wide selection of on-trend apparel, accessories and shoes at an everyday savings of 30 to 70 percent off regular prices. The Rack carries merchandise from Nordstrom stores and Nordstrom.com, as well as specially purchased items from many of the top brands sold atNordstrom. The Rack is designed to provide the ultimate treasure hunt to style-savvy customers.

Nordstrom Rack will anchor the south side of the new development, which opened in May, 2014. Other anchors for The Outlet Collection at Riverwalk include Neiman Marcus Last Call Studio,Forever 21 and Coach as well as several other first-to-market retailers. The center itself is located on the Mississippi River waterfront near the French Quarter and steps away from the Convention Center, Spanish Plaza, Canal Street and the Ferry Terminal as well as the Port of New Orleans cruise ship terminals.

“We have been looking for more opportunities to serve customers in Louisiana and we’re excited to bring a Nordstrom Rack closer to home for customers in New Orleans,” said Geevy Thomas, president of Nordstrom Rack. “The Outlet Collection at Riverwalk is an excellent location and we are thrilled to be a part of the retail mix.”

The new store will be the third Nordstrom Rack in Louisiana following the Nordstrom Rack at the Mall of Louisiana in Baton Rouge which opened October 1, 2015 and the Nordstrom Rack at Ambassador Center in Lafayette which opens March 10, 2016.

“We are very pleased to be opening the first Nordstrom Rack in the city at The Outlet Collection at Riverwalk, which will undoubtedly become a favorite among shoppers in New Orleans,” saidMark Bulmash, Senior Vice President of Development for The Howard Hughes Corporation. “This addition further strengthens our position as the unrivaled shopping, dining and entertainment destination in the region attracting locals and visitors alike.”

About Nordstrom
Nordstrom, Inc. is a leading fashion specialty retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 323 stores in 39 states, including 121 full-line stores in the United States, Canada and Puerto Rico; 194 Nordstrom Rack stores; two Jeffrey boutiques; and one clearance store. Additionally, customers are served online through Nordstrom.com, Nordstromrack.com and HauteLook. The company also owns Trunk Club, a personalized clothing service serving customers online at TrunkClub.com and its five clubhouses. Nordstrom, Inc.’s common stock is publicly traded on the NYSE under the symbol JWN.

About The Outlet Collection at Riverwalk®
Following an $80 million transformation of the property, The Outlet Collection at Riverwalk opened on May 22, 2014 with an all-star line-up of over 75 popular national brands and local favorites. In addition to being the nation’s first outlet center in a downtown setting, The Outlet Collection at Riverwalk is also the first location in the region for a number of tenants, includingNeiman Marcus Last Call Studio, Coach Men’s Factory Store and Tommy Bahama Outlet. In early December, The Howard Hughes Corporation received the Gold award at ICSC’s 2015 U.S. Design & Development awards program for The Outlet Collection at Riverwalk for redevelopment, the highest award in the industry.

About The Howard Hughes Corporation®
The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Our properties include master planned communities, operating properties, development opportunities and other unique assets spanning 16 states from New York to Hawai’i. The Howard Hughes Corporation is traded on theNew York Stock Exchange as HHC with major offices in New York, Columbia, MD, Dallas,Houston, Las Vegas and Honolulu. For additional information about HHC, visit www.howardhughes.com.

Safe Harbor Statement
Statements made in this press release that are not historical facts, including statements accompanied by words such as “will,” “believe,” “expect,” “enables,” “realize”, “plan,” “intend,” “assume,” “transform” and other words of similar expression, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s expectations, estimates, assumptions, and projections as of the date of this release and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in The Howard Hughes Corporation’s filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. The Howard Hughes Corporation cautions you not to place undue reliance on the forward-looking statements contained in this release. The Howard Hughes Corporation does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.

MEDIA CONTACTS:
Nordstrom, Inc.
Dan Evans
(206) 303-3036
Dan.Evans@nordstrom.com

Caryn Kboudi
The Howard Hughes Corporation
(214) 741-7744
caryn.kboudi@howardhughes.com

SOURCE Nordstrom, Inc.

Macy’s Nov and Dec 2015 sales: 80% of our YoY declines in comparable sales can be attributed to shortfalls in cold-weather goods such as coats, sweaters, boots, hats, gloves and scarves

CINCINNATI, 2016-1-7 — /EPR Retail News/ — Macy’s, Inc. (NYSE:M) today announced that its comparable sales on an owned plus licensed basis declined by 4.7 percent in the months of November and December 2015 combined, compared with the same period last year.

On an owned basis, comparable sales declined by 5.2 percent in the combined November/December period.

(Editor’s Note: Macy’s, Inc. this afternoon also issued a separate news release outlining cost efficiencies and listing upcoming store closings.)

“The holiday selling season was challenging, as experienced throughout 2015 by much of the retailing industry. In the November/December period, we were particularly disadvantaged by the historically warm weather in northern climate zones where both Macy’s and Bloomingdale’s are especially well-represented. About 80 percent of our company’s year-over-year declines in comparable sales can be attributed to shortfalls in cold-weather goods such as coats, sweaters, boots, hats, gloves and scarves. We also continued to feel the impact of lower spending by international tourists as the value of the dollar remained strong,” said Terry J. Lundgren, Macy’s, Inc. chairman and chief executive officer.

“That said, we are buoyed by a very strong performance in our digital business, with continued double-digit increases in online sales. In November/December, we filled nearly 17 million online orders at macys.com and bloomingdales.com – a new record for our company and an increase of about 25 percent over last year – based on significant new fulfillment capacity, site functionality and aggressive digital marketing. This validates the strength of our omnichannel strategy and related investments which we made over the past decade and will continue into the future,” Lundgren said.

Please see the last page of this news release for important information regarding the calculation of the company’s comparable sales on an owned basis and comparable sales on an owned plus licensed basis.

Guidance

Macy’s, Inc. is not expecting a major change in sales trend in January and expects a comparable sales decline on an owned plus licensed basis in the fourth quarter of 2015 to approximate the 4.7 percent decline in November/December (from previous guidance of down between 2 percent and 3 percent for the fourth quarter). This calculates to guidance for comparable sales on an owned plus licensed basis in the full-year 2015 to decline by approximately 2.7 percent (from previous guidance of down 1.8 percent to 2.2 percent).

The decline in fourth quarter comparable sales on an owned basis is expected to be approximately 50 basis points greater than on an owned plus licensed basis.

Earnings per diluted share for the full-year 2015 now are expected in the range of $3.85 to $3.90, excluding expenses related to cost efficiencies announced today and asset impairment charges associated primarily with spring 2016 store closings. This compares with previous guidance in the range of $4.20 to $4.30. Updated annual guidance calculates to guidance for fourth quarter earnings of $2.18 to $2.23 per diluted share, excluding charges associated with cost efficiencies and store closings. This compares with previous guidance for earnings per diluted share of$2.54 to $2.64 in the fourth quarter. Earnings guidance for 2015 includes an expected $250 million gain on the sale of real estate in downtown Brooklyn.

Fourth Quarter Announcement

Macy’s, Inc. is scheduled to report fourth quarter sales and earnings on Tuesday, Feb. 23, 2016. Additional detail on financial performance will be provided at that time. The company will webcast a call with financial analysts and investors at 9 a.m. ET on Feb. 23. Macy’s, Inc.’s webcast is accessible to the media and general public via the company’s website at www.macysinc.com. Analysts and investors may call in on 1-888-806-6224, passcode 9176608. A replay of the conference call can be accessed on the website or by calling 1-888-203-1112 (same passcode) about two hours after the conclusion of the call.

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers, with fiscal 2014 sales of $28.015 billion. The company operates about 900 stores in 45 states, the District of Columbia, Guamand Puerto Rico under the names of Macy’s, Bloomingdale’s, Bloomingdale’s Outlet, Macy’s Backstage and Bluemercury, as well as the macys.com, bloomingdales.com and bluemercury.com websites. Bloomingdale’s inDubai is operated by Al Tayer Group LLC under a license agreement.

All statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Macy’s management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including conditions to, or changes in the timing of, proposed transactions, prevailing interest rates and non-recurring charges, competitive pressures from specialty stores, general merchandise stores, off-price and discount stores, manufacturers’ outlets, the Internet, mail-order catalogs and television shopping and general consumer spending levels, including the impact of the availability and level of consumer debt, the effect of weather and other factors identified in documents filed by the company with the Securities and Exchange Commission.

(Note: additional information on Macy’s, Inc., including past news releases, is available at www.macysinc.com/pressroom)

MACY’S, INC.

Important Information Regarding Non-GAAP Financial Measures
(All amounts in millions except percentages)

The Company reports its financial results in accordance with generally accepted accounting principles (GAAP). However, management believes that certain non-GAAP financial measures provide users of the Company’s financial information with additional useful information in evaluating operating performance. See the table below for supplemental financial data and a corresponding reconciliation to the most directly comparable GAAP financial measures. This non-GAAP financial measure should be viewed as supplementing, and not as an alternative or substitute for, the Company’s financial results prepared in accordance with GAAP. Certain of the items that may be excluded or included in this non-GAAP financial measure may be significant items that could impact the Company’s financial position, results of operations and cash flows and should therefore be considered in assessing the Company’s actual financial condition and performance. Additionally, the amounts received by the Company on account of sales of departments licensed to third parties are limited to commissions received on such sales. The methods used by the Company to calculate its non-GAAP financial measures may differ significantly from methods used by other companies to compute similar measures. As a result, any non-GAAP financial measures presented herein may not be comparable to similar measures provided by other companies.

Macy’s, Inc. believes that providing changes in comparable sales on an owned plus licensed basis, which includes the impact of growth in comparable sales of departments licensed to third parties supplementally to its results of operations calculated in accordance with GAAP assists in evaluating the Company’s ability to generate sales growth, whether through owned businesses or departments licensed to third parties, on a comparable basis, and in evaluating the impact of changes in the manner in which certain departments are operated.

9 Weeks
Ended
January 2,
2016
Decrease in comparable sales on an owned basis (Note 1) (5.2)%
Impact of growth in comparable sales of departments licensed to third parties (Note 2) 0.5 %
Decrease in comparable sales on an owned plus licensed basis (4.7)%

Notes:

Source: Macy’s, Inc.Macy’s, Inc.

Media – Jim Sluzewski, 513-579-7764
Investor – Matt Stautberg, 513-579-7780

(1) Represents the period-to-period change in net sales from stores in operation throughout the year presented and the immediately preceding year and all online sales, excluding commissions from departments licensed to third parties.
(2) Represents the impact of including the sales of departments licensed to third parties occurring in stores in operation throughout the year presented and the immediately preceding year and via the Internet in the calculation of comparable sales. The Company licenses third parties to operate certain departments in its stores and online and receives commissions from these third parties based on a percentage of their net sales. In its financial statements prepared in conformity with GAAP, the Company includes these commissions (rather than sales of the departments licensed to third parties) in its net sales. The Company does not, however, include any amounts in respect of licensed department sales (or any commissions earned on such sales) in its comparable sales in accordance with GAAP (i.e. on an owned basis). The Company believes that the amounts of commissions earned on sales of departments licensed to third parties are not material to its results of operations for the periods presented.

Macy’s, Inc. to reduce SG&A expense by $400 million while still investing in growth strategies

CINCINNATI, 2016-1-7 — /EPR Retail News/ — Macy’s, Inc. (NYSE:M) today announced a series of cost-efficiency and process improvement measures to be implemented beginning in early 2016 that will reduce SG&A expense by approximately $400 million while still investing in growth strategies, particularly in omnichannel capabilities at Macy’s and Bloomingdale’s. The actions represent progress toward the company’s previously stated goal of re-attaining over time an EBITDA rate as a percent of sales of 14 percent.

(Editor’s Note: Macy’s, Inc. this afternoon also issued a separate news release announcing sales results for the November/December 2015 period and updating guidance.)

“In light of our disappointing 2015 sales and earnings performance, we are making adjustments to become more efficient and productive in our operations. Moreover, we believe we can operate more effectively with an organization that is flatter and more agile so we can pursue growth and regain market share in our core Macy’s and Bloomingdale’s omnichannel businesses faster and with more intensity. We will continue to invest in strategic initiatives that anticipate emerging customer needs and create shareholder value,” said Terry J. Lundgren, chairman and chief executive officer of Macy’s, Inc. “The cost efficiencies represent more than two-thirds of our goal of annual SG&A expense reduction of $500 million, net of growth initiatives, from previously planned levels by 2018. In some cases, there will be short-term pain as we tighten our belt and realign our resources. But our eye is on a long-term vision of Macy’s, Inc. as a dynamic retailer that serves existing customers and acquires new ones through innovative approaches to the marketplace.”

To address the need for greater efficiency and productivity, among the changes being implemented by Macy’s, Inc. in early 2016 are:

  • Consolidating the grouping of existing Macy’s stores into five regions and 47 local districts (down from the current structure of seven regions and 58 local districts), as well as other field support functions. This reflects a smaller portfolio of stores and new technologies and techniques for managing the store business and tailoring assortments to local customer preferences.
  • Adjusting staffing levels at each Macy’s and Bloomingdale’s store in line with current sales volume to increase productivity and improve efficiency. An average of three to four positions will be affected in each of Macy’s and Bloomingdale’s approximately 770 going-forward stores (out of an average workforce of approximately 150 associates in each store), for a total of about 3,000 affected associates nationwide. Roughly 50 percent of affected store associates are expected to be placed in other positions.
  • Implementing a voluntary separation opportunity for about 165 senior executives in Macy’s and Bloomingdale’s central stores, office and support functions who meet certain age and service requirements and chose to leave the company beginning in spring 2016. Approximately 35 percent of these executive positions will not be replaced.
  • Reducing an additional 600 positions in back-office organizations by eliminating tasks, simplifying processes and combining positions, with about 150 of these associates reassigned to other positions.
  • Consolidating the four existing Macy’s, Inc. credit and customer services center facilities into three. The call center in St. Louis will be closed in spring 2016, affecting approximately 750 employees. Work currently performed in St. Louis will be divided among existing credit and customer services centers in Tempe, AZ, Clearwater, FL, andMason, OH, where a total of about 640 positions will be added.
  • Decreasing non-payroll budgets companywide in areas such as travel, meetings and consulting services.

Real Estate

The company continues to pursue the creation of shareholder value through real estate initiatives originally announced on Nov. 11, 2015, and provides the following updates:

  • Eastdil Secured, a leading real estate-focused investment bank, has been engaged by Macy’s, Inc. to approach potential interested parties, with assistance from Credit Suisse and Goldman Sachs, regarding forming partnerships or joint venture(s) for the company’s mall-based properties, as well as Macy’s flagship real estate assets in Manhattan, San Francisco, Chicago and Minneapolis. Eastdil joins a team of experienced advisors in banking, real estate, law and tax who are focused on monetizing real estate assets in a manner consistent with Macy’s overall strategy. Tishman Speyer has expressed interest in pursuing partnerships on the four flagship locations and, thus, will not be advising the company on those properties. Tishman Speyer will, however, continue to advise Macy’s on potential opportunities for maximizing the value of other real estate in the company’s portfolio.
  • The company has begun a search for a senior-level real estate executive to join the company to oversee and manage real estate activities, including the leadership of any partnerships or joint ventures.

Store Closings/Openings

The company today listed 40 Macy’s store closings (out of a current total of about 770 Macy’s stores). Of the 40, 36 will be closed in early spring 2016, consistent with its announcement in September 2015. The other four stores were closed in the final three quarters of 2015, as previously announced. (A list of planned store closings, as well as openings, is included at the end of this news release.)

“Our company is committed to operating great Macy’s and Bloomingdale’s stores in the best locations – both to serve shoppers who walk through the door and to fulfill orders that are shipped directly to customers around the country,” Lundgren said. “In today’s rapidly evolving retail environment, it is essential that we maintain a portfolio of the right stores in the right places. So we will continue to add stores selectively while also being disciplined about closing stores that are unproductive or no longer robust shopping destinations because of changes in the local retail shopping landscape.”

The 36 Macy’s stores being closed in early 2016, along with four others closed in the final three quarters of 2015, account for approximately $375 million in annual sales, some of which are expected to be retained in nearby stores and with online/mobile sales.

The company is committed to treating associates affected by store closings with respect and openness. Associates displaced by store closings may be offered positions in nearby stores where possible. Eligible full-time and part-time associates who are laid off due to the store closings will be offered severance benefits.

Financial Impact

The implementation of cost reductions is estimated to generate annual SG&A savings of approximately $400 million, beginning in 2016. This will help the company to achieve modest improvement in its EBITDA rate (as a percent to sales) in 2016 compared with 2015 excluding gains from the expected sale of real estate in Brooklyn – while still investing in growth strategies, particularly in omnichannel capability at Macy’s and Bloomingdale’s.

In conjunction with today’s announcements, as well as incremental asset impairment charges related to store closings, approximately $200 million of charges, of which approximately $165 million is expected to be cash, are expected to be booked in the fourth quarter of 2015. These charges were not previously included in earnings guidance provided by the company and are in addition to the $111 million, or 20 cents per share, booked in the third quarter as an estimate of asset impairment charges related to 2016 store closings.

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers, with fiscal 2014 sales of $28.015 billion. The company operates about 900 stores in 45 states, the District of Columbia, Guamand Puerto Rico under the names of Macy’s, Bloomingdale’s, Bloomingdale’s Outlet, Macy’s Backstage and Bluemercury, as well as the macys.com, bloomingdales.com and bluemercury.com websites. Bloomingdale’s inDubai is operated by Al Tayer Group LLC under a license agreement.

All statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Macy’s management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including conditions to, or changes in the timing of, proposed store closings, store openings or other transactions, changes in the conditions of the securities markets, particularly the markets for debt securities and other factors identified in documents filed by Macy’s with the Securities and Exchange Commission.

(NOTE: Additional information on Macy’s, Inc., including past news releases, is available at www.macysinc.com/pressroom).

Macy’s Store Closings

Final clearance sales at the following Macy’s stores closing in early 2016 will begin on Monday, Jan. 11 and run for between eight to 12 weeks (with the exception of Westfield Century City, North DeKalb Mall and Roseburg Valley Mall, where final clearance sales are already in progress):

  • Irvine Spectrum, Irvine, CA (140,000 square feet; opened in 2002; 112 associates);
  • Country Club Plaza, Sacramento, CA (165,000 square feet; opened in 1961; 111 associates);
  • Westfield Century City, Los Angeles, CA (136,000 square feet; opened in 1976; 108 associates). Note that this store will be closed in January 2016 and replaced with a new, larger store to open in this same shopping center in spring 2017;
  • Enfield Square main store, Enfield, CT (166,000 square feet; opened in 1971; 84 associates);
  • Enfield Square furniture/home/men’s store, Enfield, CT (76,000 square feet; opened in 1971; 20 associates);
  • North DeKalb Mall, Decatur, GA (190,000 square feet; opened in 1965; 89 associates);
  • Kailua, HI (59,000 square feet; opened in 1946; 57 associates);
  • Palouse Mall, Moscow, ID (41,000 square feet; opened in 1979; 47 associates);
  • Northwoods Mall, Peoria, IL (165,000 square feet; opened in 1985; 62 associates);
  • Cortana Mall, Baton Rouge, LA (243,000 square feet; opened in 1976; 108 associates);
  • Valley Mall, Hagerstown, MD (120,000 square feet; opened in 1999; 59 associates);
  • Berkshire Mall, Lanesborough, MA (111,000 square feet; opened in 1994; 58 associates);
  • Eastfield Mall, Springfield, MA (127,000 square feet; opened in 1994; 71 associates);
  • The Shoppes at Stadium, Columbia, MO (140,000 square feet; opened in 2003; 81 associates);
  • Middlesex Mall, South Plainfield, NJ (81,000 square feet; opened in 1976; 69 associates);
  • McKinley Mall main store, Buffalo, NY (88,000 square feet; opened in 1989; 65 associates);
  • McKinley Mall home store, Buffalo, NY (31,000 Square feet; opened in 1989; 10 associates);
  • Arnot Mall, Horsehead, NY (120,000 square feet; opened in 1995; 79 associates);
  • Hudson Valley Mall, Kingston, NY (121,000 square feet; opened in 1995; 72 associates);
  • Eastern Hills Mall, Williamsville, NY (127,000 square feet; opened in 1971; 80 associates);
  • Cary Towne Center, Cary, NC (107,000 square feet; opened in 1991; 63 associates);
  • Chapel Hill Mall, Akron, OH (169,000 square feet; opened in 1967; 91 associates);
  • Midway Mall, Elyria, OH (105,000 square feet; opened in 1990; 64 associates);
  • Quail Springs Mall, Oklahoma City, OK (146,000 square feet; opened in 1986; 87 associates);
  • Pony Village Mall, North Bend, OR (41,000 square feet; opened in 1980; 54 associates);
  • Roseburg Valley Mall, Roseburg, OR (40,000 square feet; opened in 1980; 59 associates);
  • Suburban Square, Ardmore, PA (102,000 square feet; opened in 1930; 74 associates);
  • Century III Mall, West Mifflin, PA (173,000 square feet; opened in 1979; 101 associates);
  • Ridgmar Mall, Ft. Worth, TX (181,000 square feet; opened in 1998; 92 associates);
  • Chesapeake Square, Chesapeake, VA (95,000 square feet; opened in 1999; 69 associates);
  • Virginia Center Commons, Glen Allen, VA (110,000 square feet; opened in 1993; 81 associates);
  • Peninsula Town Center, Hampton, VA (173,000 square feet; opened in 1977; 109 associates);
  • Military Circle Mall, Norfolk, VA (153,000 square feet; opened in 1976; 95 associates);
  • Regency Square main store, Richmond, VA (100,000 square feet; opened in 1990; 100 associates);
  • Regency Square furniture/home/men’s store, Richmond, VA (124,000 square feet; opened in 1990; 35 associates);
  • Downtown Spokane, Spokane, WA (374,000 square feet; opened in 1947; 94 associates).

Macy’s stores closed in the final three quarters of 2015 (previously announced):

  • Owings Mills Mall, Owings Mills, MD (164,000 square feet; opened in 1986; 90 associates);
  • Bedford, NH (180,000 square feet; opened in 1966; 105 associates);
  • Essex Green Shopping Center, West Orange, NJ (93,000 square feet; opened in 1975; 101 associates). Note that this location was converted to a Macy’s Backstage store.
  • Downtown Pittsburgh, PA (1,158,000 square feet; opened in 1946; 170 associates).

Store Openings

Five new Macy’s and Bloomingdale’s stores are currently planned and/or under construction, as previously announced.

New Macy’s stores will be opening in:

  • Ka Makana Ali’i, Kapolei, HI (103,000 square feet; to open in fall 2016; approximately 180 associates).
  • Westfield Century City, Los Angeles, CA (a 155,000 square-foot store to open in spring 2017 to replace an older and smaller Macy’s store in this very successful shopping center).
  • Fashion Place, Murray, UT (160,000 square feet; to open in spring 2017; approximately 150 associates).

New Bloomingdale’s stores will be opening in:

  • Westfield Valley Fair Shopping Center, San Jose, CA (150,000 square feet; to open in fall 2017; approximately 250 associates).
  • The SoNo Collection, Norwalk, CT (150,000 square feet; to open in fall 2018; approximately 200 associates).

In addition, in the next two years, the company plans to open about 50 additional Macy’s Backstage off-price locations (most of which will be inside existing Macy’s stores), and about 40 freestanding Bluemercury beauty specialty stores.

Internationally, new Macy’s and Bloomingdale’s stores are planned to open in Al Maryah Central in Abu Dhabi, United Arab Emirates, in 2018 under license agreements with Al Tayer Group.

Source: Macy’s, Inc.

Macy’s, Inc.
Media – Jim Sluzewski, 513-579-7764
or
Investor – Matt Stautberg, 513-579-7780

Award-winning Joy Mangano brand launches in Macy’s stores and on macys.com

  • Known for innovative products that make people’s lives easier, Joy will be carried in Macy’s stores and on macys.com starting January 2016
  • Joy to appear at Macy’s Herald Square on January 9

NEW YORK, 2016-1-7 — /EPR Retail News/ — Launching on Jan. 9, the award-winning Joy brand will join the roster of Macy’s Home Store, offering innovative products that make a difference and simplify everyday challenges. Fueled by the breakout success of her first product, the Miracle Mop®, Mangano has spent the last 30 years creating solutions that make people’s lives easier, which inspired the star-studded film, “Joy,” by 20th Century Fox that released on Christmas Day.

The product line at Macy’s will include Miracle Mop®, Huggable Hangers®, My Little Steamer®, Better Beauty Case, MemoryCloud Pillow, and Forever Fragrant® Vase and Sticks. Joy will make an appearance at Macy’s Herald Square store in New York Cityon Jan. 9 – the day the brand launches nationwide.

“The Joy brand embodies everything we look for when considering the best home assortment for our customers,” said Martine Reardon, Macy’s chief marketing officer. “Joy’s innovative products have helped make home tasks easier for three decades, making her a true leader in the industry. We are thrilled to embark on this new partnership and to bring this product to our customers in Macy’s stores and on macys.com.”

An expert in designing, inventing and marketing innovative products for live content retailer HSN for more than 15 years, Joy holds more than 100 patents and trademarks.

“I couldn’t be more thrilled to bring my products to Macy’s,” said Joy Mangano, “There is something magical about shopping at Macy’s and I know customers are going to experience that same magic when they discover my products in their stores nationwide.”

The collection starts at $29.99 and will be available in Macy’s stores nationwide and on macys.com. For Joy’s videos and tips, please visit macys.com/joymangano.

About Macy’s
Macy’s, the largest retail brand of Macy’s, Inc. (NYSE:M), delivers fashion and affordable luxury to customers at approximately 775 locations in 45 states, the District of Columbia, Puerto Rico and Guam, as well as to customers in the U.S. and more than 100 international destinations through its leading online store at macys.com. Via its stores, e-commerce site, mobile and social platforms, Macy’s offers distinctive assortments including the most desired family of exclusive and fashion brands for him, her and home. Macy’s is known for such epic events asMacy’s 4th of July Fireworks® and the Macy’s Thanksgiving Day Parade®, as well as spectacular fashion shows, culinary events, flower shows and celebrity appearances. Macy’s flagship stores — including Herald Square in New York City, Union Square in San Francisco, State Street in Chicago, and Dadeland in Miami and South Coast Plazain southern California — are known internationally and are leading destinations for visitors. Building on a more than 150-year tradition, and with the collective support of customers and employees, Macy’s helps strengthen communities by supporting local and national charities giving more than $69 million each year to help make a difference in the lives of our customers.

For Macy’s media materials, including images and contacts, please visit our online pressroom at macys.com/pressroom.

About Ingenious Designs LLC
Ingenious Designs LLC (IDL) is a subsidiary of HSN, Inc. and was founded in 1991 by its president, Joy Mangano. Joy is one of the most recognized inventors, entrepreneurs and product designers in the industry today and she is the creator behind innovative products such as the Miracle Mop®, My Little Steamer®, Huggable Hanger®, Comfort & Joy Memory Cloud™ Pillow, Forever Fragrant® and the Better Beauty Case. IDL also manages product lines for icon and celebrated supermodel IMAN, celebrity chefs Ming Tsai and Lorena Garcia, GRAMMY Award®-winning producerRandy Jackson, and Four-time GRAMMY Award®-winner and American Idol judge Keith Urban.

Source: Macy’s

Macy’s Media Relations
Holly Thomas, 646-429-5250
holly.thomas@macys.com
or
Macy’s Media Relations
Tracy Davis, 646-429-7470
tracy.davis@macys.com

###

Award-winning Joy Mangano brand launches in Macy’s stores and on macys.com starting Jan. 9 (Photo: Business Wire)

Award-winning Joy Mangano brand launches in Macy’s stores and on macys.com starting Jan. 9 (Photo: Business Wire)

Home Retail Group rejects Sainsbury’s approach for possible cash and share offer

Milton Keynes, UK, 2016-1-7 — /EPR Retail News/ — The Board of Home Retail Group plc (“Home Retail Group” or the “Company”) notes the announcement by J Sainsbury plc (“Sainsbury’s) and confirms that in November 2015 it received an approach from Sainsbury’s regarding a possible cash and share offer for the Company.

Having reviewed the approach with its advisers, the board of Home Retail Group rejected the approach which undervalued Home Retail Group and its long-term prospects.

In accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers (the “Code”), Sainsbury’s will have until 5.00pm on 2 February 2016, being 28 days after today’s date (or such later time and / or date as may be agreed by the Takeover Panel in accordance with Rule 2.6(c) of the Code), to announce either a firm intention to make an offer for Home Retail Group in accordance with Rule 2.7 of the Code, or that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.

There can be no certainty that a firm offer will be made, nor as to the terms on which any firm offer might be made.  The Board will issue a further statement if and when appropriate.  In the meantime, Home Retail Group shareholders are advised to take no action.

Home Retail Group is scheduled to release its latest trading statement on 14 January 2016.

This announcement is being made by Home Retail Group without the prior agreement or approval of Sainsbury’s.

Notes to Editors:

Enquiries

Analysts and investors (Home Retail Group)

Richard Ashton
Finance Director
01908 600291

Mark Willis
Director of Investor Relations

 

BofA Merrill Lynch – Financial Adviser and Corporate Broker

Jonathan Bewes
020 7628 1000

Eamon Brabazon
Geoff Iles

 

Media

Rollo Head
RLM Finsbury
020 7251 3801

 

Important notice related to financial adviser

Merrill Lynch International (“BofA Merrill Lynch”), a subsidiary of Bank of America Corporation, is acting exclusively for Home Retail Group in connection with the matters set out in this announcement and for no one else and will not be responsible to anyone other than Home Retail Group for providing the protections afforded to its clients or for providing advice in relation to the matters set out in this announcement.

 

Disclosure requirements of the Code

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person’s interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person’s interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made, can be found in the Disclosure Table on the Panel’s website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel’s Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

Relevant securities in issue

In accordance with Rule 2.10 of the Code, Home Retail Group confirms that, as at the close of business on 4 January 2016, it has 813,445,001 ordinary shares of 10 pence each in issue and admitted to trading on the main market of the London Stock Exchange. The International Securities Identification Number for Home Retail Group’s ordinary shares is GB00B19NKB76.

Home Retail Group has a sponsored Level 1 American Depositary Receipts (“ADR”) programme for which Citibank N.A acts as Depositary. One ADR represents four shares of the Company. The ADRs trade on the over-the-counter market, OTCQX International Premier. The trading symbol for these securities is HMRTY and the ISIN is US43731T1025.

The total number of shares attaching voting rights in the Company is therefore 813,445,001. This figure may be used by shareholders to determine the percentage of issued share capital they hold in the Company.

Rule 26.1 disclosure

In accordance with Rule 26.1 of the Code, a copy of this announcement will be available at www.homeretailgroup.com by no later than 12 noon (London time) on 6 January 2016.

The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

Certain statements made are forward looking statements.  Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual events or results to differ materially from any expected future events or results referred to in these forward looking statement

 

SOURCE: Home Retail Group

Sir Charlie Mayfield, Chairman of the John Lewis Partnership: Strong Christmas trading period for the Partnership

  • Total sales at the John Lewis Partnership in the six weeks to Saturday 2 January were up 4.1% from the same period last year to £1,811.1m
  • Waitrose gross sales (excluding fuel) were £859.8m, up 1.2% compared with last year and down 1.4% on a like-for-like basis
  • John Lewis gross sales were £951.3m, up 6.9% compared with last year and up 5.1% on a like-for-like basis
  • Expectations for profit before Partnership Bonus, tax and exceptionals for the year ending 30 January 2016 remains unchanged at between £270m and £320m versus £342.7m last year.

 

LONDON, 2016-1-7 — /EPR Retail News/ — Sir Charlie Mayfield, Chairman of the John Lewis Partnership, commented:

‘This has been a strong Christmas trading period for the Partnership despite the non-food market seeing significant shifts in trade patterns and the grocery market continuing to be challenging.

John Lewis achieved another very strong sales performance with impressive growth across all three categories of Fashion, Home and Technology.  Waitrose had record trading days leading up to Christmas and good growth online, while like-for-like sales declined overall during the six-week period.

Click and Collect continued to show the strength of our two brands working together as a proposition for customers, with 35% of John Lewis online orders collected from Waitrose branches. I was particularly pleased to see overall customer numbers increase 5.8% against the same period last year.

Our performance reflects to a large extent the significant investment we have made in our distribution and IT capability. Despite the fact trade was even more concentrated across a number of very busy shopping days, our operations performed especially well.’

Waitrose

  • Sales (excluding fuel) up 1.2% to £859.8m, with like-for-like sales down 1.4%
  • Strong online sales growth with grocery sales up 7.9%, with sales over the Christmas and New Year weeks up 9.8%
  • Sales through direct services websites – including wines, hampers, flowers and kitchen gadgets – grew by 28.1%

 

Peak trade came particularly late this year and was more concentrated than usual in the days before Christmas. Waitrose had record trading days on 23 and 24 December, with sales up 6.0% and up 5.5% respectively.

Our dot.com fulfilment centre in Coulsdon, which celebrated its first Christmas, operated effectively with almost all slots filled as early as November.

John Lewis

  • Sales up 6.9% to £951.3m, with like-for-like sales up 5.1%
  • Online sales were up 21.4%, representing 40% of total sales
  • Balanced contribution from all three product areas, Home up 5.1%, Fashion up 6.1% and EHT (technology) up 9.6%
  • Successful start to Clearance with sales up 23.0% for week ending 2 January1

Patterns of trade shifted significantly, characterised by three distinct sales peaks – Black Friday, Christmas and Clearance – with higher sales and a different channel mix for each peak.

The combination of our shops, website and fulfilment centres worked together effectively.  For example, on the Black Friday weekend our distribution teams processed 18% more parcels than last year, which equated to five units per second during the peak hour. Sales in our shops for the total six week period were down 1.2%, reflecting lower footfall pre-Christmas, but were up 16.2% during the first week of Clearance (week ending 2 January).

Online sales grew by 21.4% compared to last year and mobile continued to be our fastest-growing channel, with sales from smartphones and tablets up 31%. Sales through Click & Collect were up 16% and it was the delivery method of choice for half of all online orders.

John Lewis Partnership full year profit guidance

Sir Charlie Mayfield, Chairman of the John Lewis Partnership, commented:

‘Our strong Christmas trading performance gives us further confidence in the guidance provided at our interim results in September, where we indicated that we expected the full year Profit before Partnership Bonus, tax and exceptionals to be between £270m and £320m.  This guidance reflected both good operational progress but also an increase of approximately £60 million in pension charges as a result of market driven volatility.  Our guidance therefore remains unchanged.’

John Lewis Partnership plc will report its full year results ended 30 January 2016 on 10 March 2016.

1This figure includes the first day of Clearance in shops moving into Week 48 this year. Last year the first day of Clearance in shops was Saturday 27 December 2014. This year it was Sunday 27 December 2015.

Notes to editors

The John Lewis Partnership – The John Lewis Partnership operates 46 John Lewis shops across the UK (32 department stores, 12 John Lewis at home and shops at St Pancras International and Heathrow Terminal 2), johnlewis.com, 346 Waitrose shops, waitrose.com and business to business contracts in the UK and abroad. The business has annual gross sales of over £10bn. It is the UK’s largest example of worker co-ownership where all 88,700 staff are Partners in the business.

Waitrose – the Nation’s Favourite Supermarket¹ and winner of the Best Supermarket² and Best Food and Grocery Retailer³ awards – currently has 346 shops in England, Scotland, Wales and the Channel Islands, including 62 convenience branches, and another 28 shops at Welcome Break locations. It combines the convenience of a supermarket with the expertise and service of a specialist shop – dedicated to offering quality food that has been responsibly sourced, combined with high standards of customer service.  Waitrose also exports its products to 58 countries worldwide and has seven shops which operate under licence in the Middle East. Waitrose’s omnichannel business includes the online grocery service Waitrose.com, as well as direct services websites including a specialist wine website (waitrosecellar.com)

¹ Which? Best Supermarket, 2015
² Good Housekeeping Best Supermarket 2015
³ Verdict Best Food and Grocery Retailer 2015

John Lewis – ‘Best Clothing Retailer 2015′, Best Electricals Retailer 2015’ and ‘Best Homewares Retailer 2015’¹, typically stocks more than 350,000 separate lines in its department stores across fashion, home and technology. Johnlewis.com stocks over 280,000 products, and is consistently ranked one of the top online shopping destinations in the UK. John Lewis Insurance offers a range of comprehensive insurance products – home, car, wedding and event, travel and pet insurance and life cover – delivering the values of expertise, trust and customer service expected from the John Lewis brand.

¹ Verdict Consumer Satisfaction Awards 2015

You can follow John Lewis on the following social media channels:
www.johnlewis.com/twitter
www.johnlewis.com/facebook
www.johnlewis.com/youtube.

Enquiries

For further information please contact:

John Lewis Partnership
Andrew Moys, Director of Communications
Telephone: 07525 272377
Katie Robson, Senior Manager, Group External Communications
Telephone: 07764 675608

Citigate Dewe Rogerson
Simon Rigby
Georgia Colkin
Telephone: 020 7638 9571

John Lewis
Peter Cross, Director, Communications
Telephone: 07764 697674
Sîan Grieve, Senior Communications Manager, Corporate & Brand
Telephone: 07525 271812

Waitrose
Christine Watts, Communications Director
Telephone: 07764 676414
Gill Smith, Senior Manager, Corporate PR
Telephone: 07887 898133

SOURCE: The John Lewis Partnership

LVMH: Moët & Chandon has unveiled its new brand signature: THE NOW

PARIS, 2016-1-7 — /EPR Retail News/ — Captured in a pulsating and impertinent film, Moët & Chandon has unveiled its new brand signature: THE NOW. An invitation to live the present, the brand platform embodies the festive and bold spirit of the Champagne House.

A new film from Moët & Chandon celebrates the youthful and thrilling spirit of THE NOW, capturing moments of celebration, freedom and sharing. A contemporary take on carpe diem, the campaign champions the importance of living in the present moment, embracing the world, and daring to live new experiences.

With an offbeat spirit, Moët & Chandon invited its global brand ambassador Roger Federer to be part of the film, which was shot by We Are From LA, a talented French duo that has already won prestigious awards. “We really captured something magical on camera. THE NOW film is about #moetmoments, and in making it we created real ones together,” recounts Arnaud de Saignes, International Director of Marketing and Communications.

THE NOW evokes the essence of the Champagne House’s DNA: the art of “savoir-celebrate”, that blend of elegance, fun and success that boasts a 270-year heritage. The new brand platform will be rolled out internationally in print and digital campaigns, along with special events. THE NOW figures at the heart of the Moët Moment Film Festival Competition, the first online competition for short films, launched to mark Moët & Chandon’s 25 years as the official champagne of the Golden Globe Awards.

 

THE ABUSE OF ALCOHOL IS DANGEROUS FOR YOUR HEALTH. DRINK RESPONSIBLY.

SOURCE: LVMH

###

LVMH: Moët & Chandon has unveiled its new brand signature: THE NOW

© Moët & Chandon

The Michaels Companies will participate in the 2016 ICR Conference in Orlando, Florida

IRVING, Texas, 2016-1-7 — /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ:MIK) today announced that it will participate in the 2016 ICR Conference, which will be held at the JW Marriott Orlando Grande Lakes in Orlando, Florida. Chuck Sonsteby, Chief Administrative Officer and Chief Financial Officer, is currently scheduled to present on Tuesday, January 12, 2016 at 8:00 a.m. Eastern Time.

The audio portion of the presentation will be webcast live at http://investors.michaels.com/ and an archived replay will be available for 30 days.

About The Michaels Companies, Inc.
The Michaels Companies, Inc. is North America’s largest specialty retailer of arts and crafts. As of October 31, 2015, the Company owns and operates 1,196 Michaels stores in 49 states and Canada and 118 Aaron Brothers stores, and produces 12 exclusive private brands including Recollections®, Studio Decor®, Bead Landing®, Creatology®, Ashland®, Celebrate It®, Art Minds®, Artist’s Loft®, Craft Smart®, Loops & Threads®, Imagin8® and Make MarketTM.

Investor:

ICR, Inc.
Farah Soi/Anne Rakunas
203.682.8200
Farah.Soi@icrinc.com/Anne.Rakunas@icrinc.com

or

Media:

ICR, Inc.
Michael Fox/Jessica Liddell
203.682.8200
Jessica.Liddell@icrinc.com

Source: Michaels Stores Inc.

News Provided by Acquire Media

BRC Chief Executive, Helen Dickinson: Prices in Britain’s shops have continued to tumble in December 2015

– Overall shop prices reported deflation of 2.0% in December from the 2.1% decline seen in November.

– Food reported annual deflation of 0.3% unchanged from November’s rate.

– On a 12-month average basis, the Shop Price Index reported deflation of 1.7%.

– Non-food deflation decelerated to 3.0% from 3.3% in November.

LONDON, 2016-1-7 — /EPR Retail News/ — BRC Chief Executive, Helen Dickinson, said: “Prices in Britain’s shops have continued to tumble, this month by 2.0%. For the last two years and eight months, customers have been able to fill their baskets, whether virtual or physical, and pay less for their goods than the year before. This is an incredible run of good fortune for shoppers who’ve been preoccupied with picking up presents for family and friends, as well as themselves ahead of the holiday season.

“With retailers continuing to invest in price, relatively low commodity prices and intense competition a hallmark of the industry, we can expect falling prices to continue in the medium term.

“A number of key commodities in the retail supply chain (in particular, oil which is now trading under $40 per barrel) have fallen dramatically recently and the impact of these falls will continue to make its way through to shop prices for some time to come.

“December also marked the 33rd month of non-food price drops. Non-food prices fell by 3.0% – albeit down from 3.3% in November – driven largely by reductions in clothing, footwear, electricals, DIY, gardening and hardware prices. For the 4th consecutive month all non-food categories saw prices fall. While food prices saw less movement, falling by 0.3%.

“Although trading statements are starting to filter through, we will have to wait until next week to learn if the lower priced goods have translated into positive sales for the market as a whole during the all-important Christmas trading period.”

Mike Watkins, Head of Retailer and Business Insight, Nielsen, said: “We can expect the current levels of deflation across the retail industry to continue for the first half of 2016. There is little upward inflationary momentum from global commodity or oil prices and locally, the price war in food retailing looks set to continue. After the unseasonably mild autumn and early winter, many non-food retailers will use price cuts and targeted promotions early in the year, to help sell through and to benefit from any rise in real wages.”

British Retail Consortium, 21 Dartmouth Street, Westminster, London, SW1H 9BP.
020 7854 8900. info@brc.org.uk.

Austen Jensen and Dave Koenig join Retail Industry Leaders Association (RILA) lobbying team

Two New Lobbyists To Focus On Tax And Financial Services Issues

Arlington , VA, 2016-1-7 — /EPR Retail News/ — Today, the Retail Industry Leaders Association (RILA) announced the addition of two experienced professionals to its lobbying team, Austen Jensen and Dave Koenig. Both officially joined RILA on January 4.

“Dave and Austen are well-versed in many of the retail industry’s top issues and each has a proven record of developing and implementing effective legislative strategies,” said Jennifer Safavian, RILA’s executive vice president for government affairs. “Their robust knowledge of Capitol Hill will be of great value to our members and add to the great team already in place.”

As Vice President for Government Affairs, Austen Jensen will manage RILA’s financial services portfolio, including leading efforts to promote transparency, innovation, and competition as it pertains to financial practices in the retail industry.

Jensen brings years of experience advising members on the U.S. House Financial Services Committee, most recently acting as the Chief of Staff to Vice Chairman Patrick McHenry. Prior to joining Congressman McHenry’s office, Jensen served as Legislative Director for Congressman Frank Guinta and later Congressman Robert Pittenger, both of whom also serve on the Financial Services Committee.

“Austen served as a trusted advisor to me for much of his ten years on Capitol Hill. He has a deep knowledge of the financial services sector and numerous other key policy issues facing Congress,” said Congressman Patrick McHenry (R-NC). “While I will miss his counsel, I know he will be a great advocate on behalf of RILA and their members.”

As Vice President for Tax, Dave Koenig will serve as RILA’s leader on tax policy issues, driving advocacy to achieve one of the retail industry’s top priorities, comprehensive tax reform that broadens the base, lowers the rate, simplifies the tax code, and treats all industries equally.

Koenig joins RILA from the National Restaurant Association (NRA), where he served as vice president of tax and profitability for the past six years. While there, Koenig advocated for top legislative issues affecting the restaurant industry, including tax, interchange fee reform, access to capital, and data security.

Prior to his time at the NRA, Koenig was tax policy director for the American Forest & Paper Association (AF&PA), leading their efforts on federal tax legislation and regulatory issues. Koenig is a former tax senior attorney for Texaco, Inc. as well as former tax counsel for the U.S. Chamber of Commerce and the accounting firm Ernst & Whinney.

RILA is an outspoken advocate for the most critical issues facing the retail industry. RILA remains at the forefront of a number of battles, including cybersecurity, tax reform, international trade, and myriad electronic payments issues. RILA also plays a leading role on issues including implementation of the Affordable Care Act, privacy, and a variety of labor and finance issues.

RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.

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Brian Dodge
Executive Vice President, Communications and Strategic Initiatives
Phone: 703-600-2017
Email: brian.dodge@rila.org

SOURCE: Retail Industry Leaders Association

Retail Associations respond to EPA proposals to update waste management regulations

Arlington , VA, 2016-1-7 — /EPR Retail News/ — The Retail Industry Leaders Association (RILA), the Food Marketing Institute (FMI), the National Association of Chain Drug Stores (NACDS), the National Grocers Association (NGA), and the National Retail Federation (NRF), and their members (collectively, the Retail Associations) submitted comments last week in response to proposals by the Environmental Protection Agency (EPA) to update waste management regulations, that may impact the handling of unsold consumer products and pharmaceuticals by retailers.​

The EPA’s proposed Hazardous Waste Generator Improvements proposal and the proposedManagement Standards for Hazardous Waste Pharmaceuticals attempt to address compliance challenges for retailers stemming from the Resource Conservation and Recovery Act (RCRA).  Typically, RCRA applies to large scale manufacturing plants that generate more significant quantities of hazardous wastes, but EPA also applies RCRA to the very small percentage of unsold consumer products that may be recycled, reused or otherwise discarded from a retail store.  Nearly all of these products are sold to customers and are either consumed or disposed of in their households, without additional regulation.

Specifically the proposed rules:

Allow a waste generator to avoid increased burdens of a higher generator status when generating large quantities of hazardous waste “episodically”, or unexpectedly and infrequently.  Such episodes may be the result of broken or damaged customer returns, theft or damage within the store, public dumping in trash receptacles or recalls of unusable products; and

Allow very small quantity generators to consolidate hazardous wastes from multiple locations at a “large quantity generator” site, such as a distribution center, thereby eliminating the disproportionate regulatory burdens of a higher generator status at store-level, provided certain conditions are met; and​

Allow health care facilities to manage hazardous waste pharmaceuticals under tailored, sector-specific regulations, and relax the requirements for managing empty pharmaceutical containers.  EPA also solicits comment on potential amendments to the heightened “acute” hazardous waste classification for smoking cessation products, like low-concentration nicotine patches, gums and lozenges, which subjects retailers to additional in-store requirements.

“This is an important step forward and the Retail Associations welcome the opportunity to respond to these long-awaited proposals.  Although portions of the proposals may offer some relief, the suggested frameworks fall short of easing the burden on retailers who want to manage unsold products in a more sustainable fashion, rather than discarding potentially useful or recyclable items.” said Sue Pifer, vice president of compliance at RILA.”The Retail Associations again emphasize in their comments that most unsold consumer products and pharmaceuticals are not ‘wastes’, due to the fact that many are suitable for re-shelving, donation, recycling, liquidation or shipment back to vendors for credit.  We look forward to continuing our work with the EPA to further the Agency’s understanding of the unique challenges faced by the retail sector in reverse distribution.”

Reverse distribution involves the removal and consolidation of consumer products and pharmaceuticals that are not sold in retail stores and is a long-standing business practice that is friendly to the environment and good for consumers.  The practice pre-dates the arcane application of RCRA to retailers’ reverse distribution operations.

In 2014, RILA led a coalition of retailers to explain the challenges of complying with RCRA, and some of the issues raised by the coalition were addressed in the proposed rules, released by the EPA in September 2015.

For more information on the proposed rules, visit here and here.

RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers.

Food Marketing Institute proudly advocates on behalf of the food retail industry. FMI’s U.S. members operate nearly 40,000 retail food stores and 25,000 pharmacies, representing a combined annual sales volume of almost $770 billion. Through programs in public affairs, food safety, research, education and industry relations, FMI offers resources and provides valuable benefits to more than 1,225 food retail and wholesale member companies in the United States and around the world. FMI membership covers the spectrum of diverse venues where food is sold, including single owner grocery stores, large multi-store supermarket chains and mixed retail stores. For more information, visit www.fmi.org and for information regarding the FMI foundation, visit www.fmifoundation.org.

NACDS represents traditional drug stores and supermarkets and mass merchants with pharmacies. Chains operate more than 40,000 pharmacies, and NACDS’ chain member companies include regional chains, with a minimum of four stores, and national companies. Chains employ more than 3.8 million individuals, including 175,000 pharmacists. They fill over 2.7 billion prescriptions yearly, and help patients use medicines correctly and safely, while offering innovative services that improve patient health and healthcare affordability. NACDS members also include more than 800 supplier partners and nearly 40 international members representing 13 countries. For more information, visit www.NACDS.org.

The National Grocers Association (NGA) is the national trade association representing the retail and wholesale grocers that comprise the independent sector of the food distribution industry. An independent retailer is a privately owned or controlled food retail company operating a variety of formats. The independent grocery sector is accountable for close to one percent of the nation’s overall economy and is responsible for generating $131 billion in sales, 944,000 jobs, $30 billion in wages, and $27 billion in taxes. NGA members include retail and wholesale grocers, state grocers associations, as well as manufacturers and service suppliers. For more information about NGA, visit www.nationalgrocers.org.

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

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Brian Dodge
Executive Vice President, Communications and Strategic Initiatives
Phone: 703-600-2017
Email: brian.dodge@rila.org

SOURCE: Retail Industry Leaders Association

SaskBusiness magazine highlights Federated Co-operatives Limited’s most recent efforts to give back to the communities it serves

Saskatoon, SK, Canada, 2016-1-7 — /EPR Retail News/ — Federated Co-operatives Limited (FCL) is SaskBusiness magazine’s 2015 Business of the Year.

In its December 2015 issue, the magazine highlights FCL’s most recent efforts to give back to the communities it serves.

“It was FCL’s renewed and revamped focus on philanthropic projects directly affecting Saskatchewan communities that grabbed our attention this year,” writes the magazine.

In 2015, FCL made meaningful contributions through Co-op Community Spaces and the University of Saskatchewan’s Co-operative Innovation Program (CIP).

In its inaugural year, Co-op Community Spaces provided a total of $1 million to 16 recreation, conservation and urban agriculture projects across Western Canada. Another $1 million supported the CIP in its efforts to study co-operative development in rural and Aboriginal communities.

“I believe that to be successful in today’s and tomorrow’s economy, you must be part of building the community,” FCL CEO Scott Banda told the magazine.

Banda includes FCL’s program to support employee volunteerism as another success.

“As a philosophy, this comes naturally to co-operatives, but we needed to really live it.”

FCL recently announced revenue for the fiscal year ending Oct. 31, 2015, of more than $9 billion. Of that, $375 million will be returned to FCL’s member-owners, the more than 200 co-operative associations across Western Canada that form the Co-operative Retailing System (CRS).

Earlier in 2015, FCL topped SaskBusiness magazine’s ranking of the Top 100 businesses in the province. FCL was joined on that list by 19 of its member-owners, further demonstrating the continued strength of the CRS in Saskatchewan.

SOURCE: Federated Co-operatives Limited

 

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SaskBusiness magazine highlights Federated Co-operatives Limited’s most recent efforts to give back to the communities it serves

SaskBusiness magazine highlights Federated Co-operatives Limited’s most recent efforts to give back to the communities it serves