Wesfarmers Managing Director Richard Goyder on Homebase acquisition: long-term value creation opportunity for Bunnings

Acquisition overview Acquisition of 100 per cent of Home Retail Group plc’s (Home Retail Group) holding in Homebase for £340 million (A$705 million)¹ Unanimously supported by the Board of Home Retail Group Expected to complete in the first quarter of calendar year 2016, subject to approval by Home Retail Group shareholders and its banking syndicate […]

The Bon-Ton Stores, Inc. retired its remaining mortgage loan facility due in April using borrowings under its $830 million revolving credit facility

YORK, Pa., 2016-Jan-25 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ:BONT) today announced that, effective as of January 15, 2016,  it has retired its remaining mortgage loan facility due in April using borrowings under the Company’s $830 million revolving credit facility.  The mortgage loan facility had principal outstanding of $102.4 million and was secured […]

USDA’S FSIS: Home Maid Ravioli Company recalls 34,200 pounds of beef ravioli products due to misbranding

WASHINGTON, 2016-Jan-25 — /EPR Retail News/ — Home Maid Ravioli Company, Inc., a San Francisco, Calif. establishment, is recalling approximately 34,200 pounds of beef ravioli products due to misbranding and undeclared allergens, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The products contain whey, a known allergen, and pork, neither of […]

Carphone Warehouse: Now you can register your interest in Samsung’s new Galaxy smartphone

LONDON, 2016-Jan-25 — /EPR Retail News/ — Carphone Warehouse is allowing customers to register their interest in Samsung’s new Galaxy smartphone. Widely rumoured to be unveiled at Mobile World Congress next month, the service lets fans keep up-to-date with all the latest news and web rumours surrounding the device. A spokesperson at Carphone Warehouse comments: “There’s […]

Debenhams gives a fascinating insight into UK’s internet shopping habits for 2015

LONDON, 2016-Jan-25 — /EPR Retail News/ — The wettest August on record for parts of the UK saw the most web searches for wellingtons that month, rather than sun cream. A look back over the nation’s internet shopping habits for 2015 by leading department store Debenhams gives a fascinating insight into the lives of British consumers […]

The Walt Disney Studios: new release dates for Star Wars: Episode VIII and Pirates of the Caribbean: Dead Men Tell No Tales

BURBANK, Calif., 2016-Jan-25 — /EPR Retail News/ — This morning (JANUARY 20, 2016), The Walt Disney Studios announced new release dates for upcoming films from two of its major franchises. Star Wars: Episode VIII, originally scheduled for release on May 26, 2017, will now debut on December 15, 2017. The move follows the extraordinary success of […]

Formerly homeless Starbucks barista Matthew Tej begins a second career as a real estate agent

SEATTLE, 2016-Jan-25 — /EPR Retail News/ — When he was homeless, Matthew Tej kept a keychain in his pocket as a reminder that one day he’d have his own place to live in New York. Now the Starbucks barista is handing keys to others as he begins a second career as a real estate agent. “I remember how […]

Tiffany & Co. holiday period sales results: Results negatively affected by the strong U.S. dollar and weak tourist spending in a number of markets

NEW YORK, NY, 2016-Jan-25 — /EPR Retail News/ — Tiffany & Co. (NYSE: TIF) today reported its sales results for the two-month period ended December 31st (“holiday period”). Results were negatively affected by the strong U.S. dollar and weak tourist spending in a number of markets. On a constant-exchange-rate basis that excludes the effect of […]

Harlingen – Weslaco-Brownsville – McAllen, Texas again on top of Walgreens Flu Index™ for Week of Jan. 17, 2016

DEERFIELD, Ill., 2016-Jan-25 — /EPR Retail News/ — The Walgreens Flu Index™ is a weekly report developed to provide state- and market-specific information, and ranking of those experiencing the highest incidences of influenza across the country. The Flu Index does not provide data measuring actual levels or severity of flu activity, but rather, illustrates which populations are […]

Walmart Foundation, U.S. Conference of Mayors name this year’s U.S. Manufacturing Innovation Fund grant recipients

Walmart’s U.S. Manufacturing Innovation Fund awards $2.8 million to five universities WASHINGTON, D.C., 2016-Jan-25 — /EPR Retail News/ — The Walmart Foundation and the U.S. Conference of Mayors today announced this year’s U.S. Manufacturing Innovation Fund grant recipients at the 84th Winter Meeting of the U.S. Conference of Mayors in Washington, D.C. Five leading research and academic […]

1.2 million Walmart U.S. and Sam’s Club associates to receive pay increase in in 2016

2016 action lifts average hourly full-time rate to $13.38; New paid time off plan gives full- and part-time associates greater control BENTONVILLE, Ark., 2016-Jan-25 — /EPR Retail News/ — More than 1.2 million Walmart U.S. and Sam’s Club associates will receive a pay increase under the second phase of the company’s two-year, $2.7 billion investment in […]

Grupo Vips repurchased 49% of Starbucks Coffee Spain S.L. equity from Starbucks EMEA

Madrid, Spain, 2016-Jan-25 — /EPR Retail News/ — Starbucks exclusive licensed partner to operate and develop the brand in Spain and Portugal, Grupo Vips, announced today that the company has signed an agreement with Starbucks Coffee Company, in which Grupo Vips has repurchased 49% of Starbucks Coffee Spain S.L. equity to Starbucks EMEA. Grupo Vips had […]

Starbucks opened 528 net new stores in Q1 globally; reports record 8% sales increase

Strong Holiday Performance Drives 9% Comp Growth in the U.S. and Americas, 8% Globally; Global Traffic up 4% Consolidated Net Revenues Rise 12% to a Record $5.4 Billion; Channel Development Revenues Jump 16% Consolidated Operating Income up 16% to a Record $1.1 Billion; GAAP EPS of $0.46; Non-GAAP EPS up 15% to a Record $0.46 Dollars […]

Amazon Prime Now customers in Chicago can now enjoy delivery from local restaurants

Prime Now customers in Chicago can now enjoy delivery from local restaurants, including Balena, Big Bowl, Big Star, Chicago q, M Burger, RPM Italian, Wildfire, and many more Free delivery for a limited time on all restaurant orders SEATTLE, 2016-Jan-25 — /EPR Retail News/ — Amazon.com, Inc. (NASDAQ: AMZN) today announced that Prime Now customers in Chicagocan […]

LVMH Houses in Italy showed their collections in Milan from January 16-19

PARIS, 2016-Jan-25 — /EPR Retail News/ — As Men’s Fashion Week kicks off in Paris, LVMH Houses in Italy showed their collections in Milan from January 16-19. The Fendi Men’s Fall/Winter 2016-2017 collection was all about cozy, comfortable elegance. Silvia Venturini Fendi, Creative Director for Fendi Men’s Collections, again showed her flair for melding functional and […]

Federal income tax treatment for 2015 distributions to holders of Federal Realty Investment Trust’s Common Shares of Beneficial Interest

ROCKVILLE, Md., 2016-Jan-25 — /EPR Retail News/ – Federal Realty Investment Trust (NYSE:FRT) released today the Federal income tax treatment for 2015 distributions to holders of its Common Shares of Beneficial Interest (NYSE: FRT). The characterization of distributions on our common shares traded under the ticker symbol FRT is as follows: Distribution Type CUSIP Record Date […]

NRF: US DOL’s concept of a joint employer is even worse than what we’ve seen from the NLRB

WASHINGTON, 2016-Jan-25 — /EPR Retail News/ — The National Retail Federation said joint employer standards issued today by the Labor Department are too broad and that Obama administration attempts to hold more companies responsible for the action of subcontractors or franchisees should be overturned by Congress. “The Labor Department’s concept of a joint employer is even […]

National Council of Chain Restaurants on US DOL’s joint employer standards: misguided intrusion in the affairs of America’s small businesses

WASHINGTON, 2016-Jan-25 — /EPR Retail News/ — The National Council of Chain Restaurants said the joint employer standards issued today by the U.S. Labor Department are a misguided intrusion in the affairs of America’s small businesses. “The Labor Department is codifying a radical concept of employer-employee relationships and it is the most aggressive attempt yet to build […]

Wesfarmers’ 2016 half-year results will be announced on Wednesday 24 February 2016

Perth, Australia, 2016-Jan-25 — /EPR Retail News/ — The Manager Company Announcements Office Australian Securities Exchange ADVANCE NOTICE – 2016 HALF-YEAR RESULTS Wesfarmers’ 2016 half-year results (including second quarter retail sales results) will be announced on Wednesday 24 February 2016. An analyst briefing will be held at 10:00am (AWST) / 1:00pm (AEDT) following the release of the […]

PT Matahari Putra Prima Tbk hypermart opened the 115th G7 concept Hypermart at Kuala Kapuas, Central Borneo

Tangerang, Indonesia, 2016-Jan-25 — /EPR Retail News/ — PT Matahari Putra Prima Tbk (MPPA), a multi-format modern retailer in Indonesia, which operates Hypermart, Foodmart and Boston Health & Beauty, today has opened the 115th Hypermart outlets at Kuala Kapuas, Central Borneo with the concept of G7 which has a gross selling area of ± 5,200 m2. […]

Bridgepoint acquired leading retailer of children’s apparel, toys and accessories in Poland for €247 million

LONDON, 2016-Jan-25 — /EPR Retail News/ — Smyk, the leading retailer of children’s apparel, toys and accessories in Poland, has been acquired by Bridgepoint from Empik Media & Fashion, a Warsaw Stock Exchange-listed retail group, in a transaction totalling €247 million. Established in 1952 as a toy and apparel retailer in Warsaw, Smyk now operates a […]