Stina Honkamaa Bergfors and Erica Wiking Häger proposed to be elected as new members of H&M’s board of directors

STOCKHOLM, SWEDEN, 2016-Feb-02 — /EPR Retail News/ — H&M’s nomination committee has now completed its work on proposals to the annual general meeting on 3 May 2016. The nomination committee proposes that Stina Honkamaa Bergfors and Erica Wiking Häger be elected as new members of the board of directors and that the following present directors be re-elected: Anders Dahlvig, Lena Patriksson Keller, Stefan Persson, Melker Schörling, Christian Sievert and Niklas Zennström. Lottie Knutson and Sussi Kvart are not available for re-election. The committee proposes that Stefan Persson be re-elected as chairman of the board.

“I am very pleased that Stina Honkamaa Bergfors and Erica Wiking Häger have agreed to be proposed as new members of H&M’s board. From her various leading positions in companies such as Google and IKEA, Stina Honkamaa Bergfors has gathered solid and valuable experience within media, digitalisation and entrepreneurship. As a lawyer, in addition specialising in sustainability and risk management Erica Wiking Häger has also distinguished herself as a much appreciated advisor to companies with big international operations in areas such as e-commerce, digital services and data privacy. We are convinced that Stina and Erica, with their skills and experience, will make valuable contributions to H&M’s future board work,” says Stefan Persson, chairman of H&M’s nomination committee and of H&M’s board of directors.

Stina Honkamaa Bergfors, born in 1972, is CEO and co-founder of the digital media company United Screens and former country director for Google in Sweden. Today she is also a member of Ikea’s global board of directors and a member of the board of Eniro. Stina holds a bachelor’s degree in business and economics and has an honorary doctorate from Luleå University of Technology. Stina has been honoured several times for her leadership and strategic thinking within the media industry. Stina is a member of the Swedish Fashion Council’s advisory board, the Swedish Media Commission’s group of experts and is also involved in the Prince Daniel Fellowship at the Royal Swedish Academy of Engineering Sciences (IVA). Her shareholding in H&M amounts to 1,000 shares and related parties’ holdings amount to 3,000 shares.

Erica Wiking Häger, born in 1970, has more than 15 years’ experience of qualified business law work in an international context in areas such as commercial contracts, international expansion and data privacy. Erica has been a partner at the law firm Mannheimer Swartling since 2009. She is the firm’s chair of the Corporate Sustainability & Risk Management practice group and leads a team of lawyers which offers advice on matters associated with human rights, working conditions, the environment and anti-corruption. Erica holds an LL.M. from Uppsala University and an LL.M. from Harvard Law School with complementary studies at University of Oklahoma in the US and Ruprecht-Karls-Universität Heidelberg in Germany. Today Erica is a member of the board of the law firm Mannheimer Swartling and of the Swedish Chamber of Commerce. Erica is a member of the Swedish Bar Association, the New York Bar Association and the IAPP (International Association of Privacy Professionals). Her shareholding in H&M amounts to 0 shares.

The nomination committee comprises Stefan Persson, Lottie Tham, Liselott Ledin from Alecta, Jan Andersson from Swedbank Robur Fonder and Anders Oscarsson from AMF Pension. The members of the nomination committee are backed by shareholders who together represent 75 percent of the total votes in the company. The nomination committee’s full proposals will be presented in the notice of H&M’s annual general meeting placed in Svenska Dagbladet, Dagens Nyheter and Post- och Inrikes Tidningar.

GLOBAL MEDIA ENQUIRIES
Only press enquiries
Phone: +46 8 796 53 00
Email: mediarelations@hm.com

All other enquiries
H&M switchboard +46 8 796 55 00
Email info@hm.com

Head of Communications
Kristina Stenvinkel
+46 8 796 39 08

Head of Media Relations
Camilla Emilsson Falk
+46 8 796 39 95

H&M campaign 2015 highlights David Beckham’s role as a style leader to millions of men around the world

STOCKHOLM, SWEDEN, 2016-Feb-02 — /EPR Retail News/ — Style icon David Beckham has shot his latest H&M campaign for the launch of the spring 2016 Modern Essentials selected by David Beckham collection. The commercial was shot on the streets of Lisbon, where David realises that everyone wants to dress just like him. The new Modern Essentials selected by David Beckham collection will be available in two drops – February 18 and March 10 – in all H&M stores that carry menswear, as well as online.

It’s the second time David has worked with director Fredrik Bond, taking on the theme of their last commercial where comedian Kevin Hart dressed exactly like David. In this new film, David leaves his hotel to discover that everyone around him is wearing the same as him, including skateboarding kids, a baby, a grandma, and everyone in the city. The film will be accompanied by a print campaign shot by Mario Sorrenti.

The campaign highlights David’s role as a style leader to millions of men around the world. For David, it’s about mixing the traditions of menswear with fresh ideas that move menswear forward. The pieces he wears in the film, all selected by David from the Modern Essentials collection, are the perfect example of his timeless style.

“I always have the best time shooting H&M campaigns. They really understand my style and my sense of humour. It was great to wear such sharp pieces from the Modern Essentials range while having such a good time,” says David Beckham.
The campaign is the latest for the Modern Essentials selected by David Beckham range. Each season sees David select his favourite pieces from the Modern Essentials menswear collection at H&M, creating a wardrobe of updated staples and new classics that men can rely on throughout the whole season.

To view the campaign film: https://youtu.be/oYjwXjwvAv0

Campaign and product images are available for download at hm.com/press.

GLOBAL MEDIA ENQUIRIES
Only press enquiries
Phone: +46 8 796 53 00
Email: mediarelations@hm.com

All other enquiries
H&M switchboard +46 8 796 55 00
Email info@hm.com

Head of Communications
Kristina Stenvinkel
+46 8 796 39 08

Head of Media Relations
Camilla Emilsson Falk
+46 8 796 39 95

###

H&M campaign 2015 highlights David Beckham’s role as a style leader to millions of men around the world

H&M campaign 2015 highlights David Beckham’s role as a style leader to millions of men around the world

H&M Conscious Foundation: The five winners of the first ever Global Change Award have been selected

STOCKHOLM, SWEDEN, 2016-Feb-02 — /EPR Retail News/ — The five winners of the first ever Global Change Award have been selected by the expert jury. The ideas range from creating new textile out of citrus juice by-products and an online marketplace for recycling of textile leftovers to using microbes to recycle waste polyester. Now, the global public is asked to allocate the €1 million grant between the winners in an online vote starting today at globalchangeaward.com.

The Global Change Award was introduced in August by the non-profit H&M Conscious Foundation, and is the first challenge for early stage innovation in the fashion industry. By catalysing bold, pioneering ideas the overall goal is to protect the planet by closing the loop for fashion.

“The response of the first Global Change Award is overwhelming. Over 2,700 innovators from 112 countries shared their ideas to help close the loop for fashion. The winning innovations are important contributions in the journey towards a circular fashion industry. Now, we invite the public to use their voice and influence how much funding each idea should get,” says Karl-Johan Persson, board member of the H&M Conscious Foundation and CEO of H&M.

The votes will have a real impact as they determine how the €1,000,000 grant will be distributed. The idea that gets the most votes receives €300,000, second most votes receives €250,000 and third, fourth and fifth most votes receive €150,000 each. Everyone can vote at globalchangeaward.com 1-7 February. The voting result and the people behind the winning innovations will be revealed at a grand award ceremony in Stockholm, February 10, and on globalchangeaward.com on February 11.

“The Global Change Award rewards truly out-of-the-box thinking in utilizing advanced technological approaches to make the fashion industry more sustainable – for example, creating less environmental waste and using less energy – while making fashion products that are even more appealing. In this sense, the five winning innovations all have the potential to be truly game-changing,” says Ellis Rubinstein, President and CEO, The New York Academy of Sciences and member of the Global Change Award jury.

For more detailed information about the innovations and to access visual material, visit www.globalchangeaward.com/press

THE GLOBAL CHANGE AWARD WINNERS 2015 IN SHORT:

The polyester digester – using microbes to recycle waste polyester textile
Polyester is the world’s most common fibre for making textiles and clothes and today it is difficult to recycle waste textile polyester effectively, since it is often mixed with other fibers. This innovation is developing a new type of microbe that eats waste polyester to create useful ingredients, which in turn can be used to produce new polyester without a loss in quality.

Growing textile fibre under water – utilizing algae to make renewable textile
Algae are organic sea-organisms that, when picked out, gives the opportunity to create a new type of raw material to produce renewable textile. Algae grow on energy from the sun and CO2; therefore it is a renewable resource. It also reduces the need for transportation of textile, since algae can be picked from coastal regions around the globe.

Making waste-cotton new – conversion of waste-cotton into new textile
A new technology is under development that dissolves textile waste and allows for it to be used as raw material in the production of new textiles, without loss in quality. It uses an environmentally friendly, solvent to dissolve the cotton in textile waste in order to spin new cotton-like textile fibres from the waste and create new textiles. This reduces landfill waste and saves natural resources.

An online market for textile leftovers – a marketplace for industrial upcycling of spill in production
A global online marketplace is being developed that gathers and gets textile spill data from manufacturers directly to designers and into the design process of new clothes. The software tool gathers real-time data on waste inventory tied to the production. It then connects manufacturers with designers to get textile leftovers into production and into the design process instead of becoming waste.

100 percent citrus – creating new textile out of citrus juice production by-products
The by-products left over from extracting citrus juice lend an opportunity to produce a new type of sustainable textile for conscious consumers. The yarn produced from the by-products can be used to create different types of textiles and addresses the demand for high quality sustainable textiles.

NOTES TO THE EDITOR

Voting & Result: Everyone can vote at www.globalchangeaward.com 1-7 February. The voting site is available in 12 languages. The voting result, and the people behind the winning innovations, will be revealed at a grand award ceremony in Stockholm, February 10, 2016.

The grant: The idea that gets the most votes receives €300,000, second most votes receives €250,000 and third, fourth and fifth most votes receive €150,000 each.

The funding: The H&M Conscious Foundation is funded by the Stefan Persson family – founders and main owners of the Swedish fashion company H&M. Since 2013, the family has donated SEK 900 million to the Foundation.

The Innovation Accelerator: H&M Conscious Foundation, Accenture and KTH Royal Institute of Technology in Stockholm have developed a one year innovation accelerator to support the winners in developing their innovations.

Countries with the highest number of participants in the Global Change Award: Italy, India, USA, Great Britain, Sweden, Spain, Netherlands, Indonesia, Germany and France.

MEMBERS OF THE JURY

Dr. Michael Braungart: Academic Chair “Cradle to Cradle for Innovation and Quality” at Erasmus University Rotterdam; Professor at Leuphana University Lüneburg; Scientific Director of EPEA Hamburg.
Prof. Rebecca Earley
: Professor in Sustainable Textile and Fashion Design at University of the Arts London and Director of its Textile Futures Research Centre.
Mr. Ma Jun
: Director, Institute of Public and Environmental Affairs, China.
Ms. Eva Kruse
: CEO, Danish Fashion Institute; CEO, Copenhagen Fashion Week.
Prof. Johan Rockström
: Director of the Stockholm Resilience Centre and Professor in Environmental Science with emphasis on water resources and global sustainability at Stockholm University.
Mr. Ellis Rubinstein
: President and CEO, The New York Academy of Sciences.
Ms. Franca Sozzani
: Editor in Chief of Vogue Italia.
Ms. Amber Valletta
: Supermodel, actress & entrepreneur.


For questions, please contact:

Malin Björne, Communications Responsible at H&M Conscious Foundation
Telephone: +46 (0)70 796 39 75
E-mail: malin.bjorne@hm.com
Webpage: hm.com/consciousfoundation

 

The Global Change Award is an innovation challenge, initiated by H&M Conscious Foundation in 2015. By catalyzing green, truly game-changing ideas the aim is to protect the earth’s natural resources and close the loop for fashion. The challenge annually selects five ideas that share a grant of €1 million and are supported with a one-year innovation accelerator provided by the H&M Conscious Foundation, Accenture and the KTH Royal Institute of Technology in Stockholm. The five ideas are nominated by an expert jury consisting of Michael Braungart, Rebecca Earley, Ma Jun, Eva Kruse, Johan Rockström, Ellis Rubinstein, Franca Sozzani and Amber Valletta. The global public is invited to distribute the total grant through an online vote. The result of the vote is revealed at a grand award ceremony in Stockholm, 10 February 2016. This is one of the world’s biggest challenges for early stage innovation and the first such initiative in the fashion industry. For further information, please visit globalchangeaward.com

GLOBAL MEDIA ENQUIRIES
Only press enquiries
Phone: +46 8 796 53 00
Email: mediarelations@hm.com

All other enquiries
H&M switchboard +46 8 796 55 00
Email info@hm.com

Head of Communications
Kristina Stenvinkel
+46 8 796 39 08

Head of Media Relations
Camilla Emilsson Falk
+46 8 796 39 95

###

H&M Conscious Foundation: The five winners of the first ever Global Change Award have been selected

H&M Conscious Foundation: The five winners of the first ever Global Change Award have been selected

H & M CEO Karl-Johan Persson: 2015 has been a very expansive year for the H&M group

STOCKHOLM, Sweden, 2016-Feb-02 — /EPR Retail News/ —

Full-year (1 December 2014 — 30 Nov 2015)

  • Well-received collections for all brands in the H&M group resulted in good sales of SEK 210 billion including VAT and increased market share.
  • The H&M group’s sales excluding VAT increased by 19 percent to SEK 180,861 m (151,419) during the financial year. In local currencies the increase was 11 percent.
  • Gross profit increased by 16 percent to SEK 103,167 m (89,052). This corresponds to a gross margin of 57.0 percent (58.8).
  • Profit after financial items increased by SEK 1.3 billion and amounted to SEK 27,242 m (25,895), an increase of 5 percent. The group’s profit after tax increased to SEK 20,898 m (19,976), corresponding to SEK 12.63 (12.07) per share, an increase of 5 percent.
  • The profit increase for 2015 has led to SEK 75 m being allocated to the H&M Incentive Program (HIP), which is for all employees.
  • Very strong expansion during the year with a total net addition of 413 (379) new stores and ten new online markets. At the end of the financial year H&M had 23 online markets and the number of stores amounted to 3,924 in 61 markets.
  • More than 16,000 new jobs were created in the H&M group in 2015. The number of employees amounted to more than 148,000 (132,000) at the end of the year.

Fourth quarter (1 September 2015 — 30 Nov 2015)

  • The H&M group’s sales in SEK excluding VAT increased by 14 percent to SEK 48,694 m (42,644) during the fourth quarter. In local currencies the increase was 9 percent.
  • Gross profit amounted to SEK 27,997 m (25,744), an increase of 9 percent. This corresponds to a gross margin of 57.5 percent (60.4).
  • Profit after financial items amounted to SEK 7,148 m (7,799). The group’s profit after tax amounted to SEK 5,526 m (6,222), corresponding to SEK 3.34 (3.76) per share. Profits in the quarter were negatively affected by substantially higher purchasing costs due to the strengthened US dollar.
  • Very good start for H&M’s first stores in India, New Delhi and in South Africa, Cape Town.
  • The Board of Directors proposes a dividend of SEK 9.75 (9.75) per share for the 2014/2015 financial year.
  • Sales including VAT in December 2015 increased by 10 percent in local currencies compared to the corresponding month the previous year.
  • Sales including VAT in January 2016 are expected to increase by 7 percent in local currencies compared to the same month last year.
  • The H&M group plans a net addition of around 425 new stores for the 2015/2016 financial year. Most of the expansion will take place in existing markets. New Zealand, Cyprus and Puerto Rico are planned to become new H&M markets. In addition, H&M plans to offer e-commerce in a further nine existing H&M markets.

Comments by Karl-Johan Persson, CEO
“2015 has been a very expansive year for the H&M group. We have opened 413 new stores net, of which 249 in the fourth quarter, as well as ten new H&M online markets and we have successfully established stores in our new markets of India, South Africa, Peru, Taiwan and Macau. In total, we now have stores in 61 markets and offer online sales in 23 of these.

Sales have developed well for all our brands: H&M, H&M Home, COS, & Other Stories, Weekday, Monki and Cheap Monday. During the year sales totalled SEK 210 billion including VAT, which is an increase of 19 percent in SEK. In local currencies the increase was 11 percent. Profit for the year after tax increased to SEK 20.9 billion, which is our highest result to date – this despite the fact that the strong US dollar exchange rate has made our purchasing much more expensive.

Our employees are doing a fantastic job and are decisive for our success. The increase in the financial result for the year means that SEK 75 m has been allocated to the H&M Incentive Program (HIP), which is for all employees in the H&M group. The accumulated value to an employee who has been in the programme since it started five years ago amounts to approximately SEK 45,000 per person*. In 2015 we created 16,000 new jobs within the H&M group and we are now more than 148,000 employees and we plan to employ further thousands of new employees in 2016 since our strong expansion continues.

Our growth target of increasing the number of stores by 10-15 percent per year with continued high profitability remains intact, In 2016 we plan to open 425 new stores net and open H&M stores in three new markets: New Zealand, Cyprus and Puerto Rico. In addition, H&M plans to offer e-commerce in a further nine existing H&M markets. These countries are Ireland, Japan, Greece, Croatia, Slovenia, Estonia, Latvia, Lithuania and Luxembourg. We are very pleased with the continued strengthening of our online customer offering and developments within our online operations.

We operate in an industry that is exposed to a lot of competition and are therefore constantly working to develop our customer offering within our different brands which are all based on the idea of giving customers the best combination of fashion, quality, price and sustainability – from each brand’s unique identity. Among other things, we are making substantial long-term investments in order to grasp the opportunities coming from the increased digitalization.
In addition, we are also continuing to broaden the product range further as well as adding more brands to the group. One example of broadening our range is the successful launch of H&M Beauty, which is now in 900 stores in 41 markets and which will continue to be rolled out to a further 300 stores in 2016.

Sustainability is something that concerns us all and at H&M we have been working on these matters for a long time. We have made lots of improvements and are constantly working on how to improve even further to meet the challenges that we and our industry are facing. A specific example of what we have achieved in 2015 is that we have switched to 100 percent renewable energy in all markets where this is possible. For the group as a whole, this means that around 80 percent of all the energy that we use globally comes from renewable sources; in 2014 this figure was 27 percent. We have also increased the proportion of cotton that comes from sustainable sources, which now represents 31 percent of our total cotton usage (21 percent in 2014). Our goal is that all cotton in our product range will come from sustainable sources by 2020 at the latest.

We closely follow developments in the market in each country where we are present. For 2016 we see many opportunities, but are also well aware of the challenges that exist. We firmly believe that our customer offering and our investments will lead to increased market share and strengthen H&M’s position even further in 2016.”

The information in this full-year report is that which H & M Hennes & Mauritz AB (publ) is required to disclose under Sweden’s Securities Market Act. It will be released for publication at 8.00 (CET) on 28 January 2016. This full-year report, and other information about H&M, is available at www.hm.com
    

Contact persons

Nils Vinge, IR +46-8-796 52 50
Karl-Johan Persson, CEO +46-8-796 55 00 (switchboard)
Jyrki Tervonen, CFO +46-8-796 55 00 (switchboard)

H & M Hennes & Mauritz AB (publ)
SE-106 38 Stockholm
Phone: +46-8-796 55 00, Fax: +46-8-24 80 78, E-mail: info@hm.com
Registered office: Stockholm, Reg. No. 556042-7220

H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on Nasdaq Stockholm. H&M’s business idea is to offer fashion and quality at the best price in a sustainable way. In addition to H&M, the group includes the brands COS, Monki, Weekday, Cheap Monday, & Other Stories as well as H&M Home. The H&M group has more than 3,900 stores in 61 markets including franchise markets. In 2015, sales including VAT amounted to SEK 210 billion and the number of employees was more than 148,000. For further information, visit www.hm.com.

GLOBAL MEDIA ENQUIRIES
Only press enquiries
Phone: +46 8 796 53 00
Email: mediarelations@hm.com

All other enquiries
H&M switchboard +46 8 796 55 00
Email info@hm.com

Head of Communications
Kristina Stenvinkel
+46 8 796 39 08

Head of Media Relations
Camilla Emilsson Falk
+46 8 796 39 95

Tesco to take hourly rate of pay for all established colleagues to £7.62 per hour

CHESHUNT, England, 2016-Feb-02 — /EPR Retail News/ — Tesco has announced a pay increase of up to 3.1% for colleagues working in its stores across the UK, taking the hourly rate of pay for all established colleagues to £7.62 per hour.

The two year deal includes an increase in the base rate of pay for all store colleagues and will mean established colleagues will receive significantly more than the Government’s new National Living Wage of £7.20 per hour.

The increase will see Tesco colleagues continue to benefit from one of the highest pay and benefits packages in retail, which includes pension, colleague discount and a 5% turnaround bonus. The pay increase will come into effect on 3 July 2016 and will apply to colleagues of all ages.

Tesco worked with union, Usdaw and colleague representatives to agree the deal.

As part of the package, Tesco has also introduced a simpler and fairer approach to premium payments. All colleagues will receive time and a half for Sunday and bank holiday shifts from July this year.

Any colleagues negatively impacted by the changes will be supported with a lump sum transition payment worth 18 months of the difference in pay.

Matt Davies, Tesco UK and ROI CEO said:

“We’ve spent a lot of time working with Usdaw and colleague representatives to understand what’s important to colleagues. Together, we’ve agreed one of the highest pay and benefits packages in retail for store colleagues, and introduced a simpler and fairer pay structure, including one approach to premium payments.

“As well as an increase in pay which puts our hourly rate well above the Government’s National Living Wage, we remain absolutely committed to rewarding our colleagues with a pay and benefits package they really value, including a pension, colleague discount and 5% turnaround bonus.

“I’d like to thank colleagues for their customer focus, passion and hard work in serving our customers a little better every day.”

For more information please contact the Tesco Press Office on 01707 918 701
We are a team of 480,000 in 11 markets dedicated to serving shoppers a little better every day.

USDA’s Food Safety and Inspection Service issues food safety tips for this Super Bowl

WASHINGTON, 2016-Feb-02 — /EPR Retail News/ — The Super Bowl is already the most-watched television program in the United States, and this year’s 50th game is sure to take the experience to a whole new level. The game (or the ads) may be the main event, but the food usually steals the show. With more than 1.3 billon chicken wings and 4 million pizzas expected to be eaten during the big game, there are plenty of opportunities for a food safety penalty to occur.

“This Super Bowl Sunday, sports fans across the U.S. will have a great time watching the game with friends and family, while sharing some of our favorite foods that we are fortunate in this country to enjoy,” said Deputy Under Secretary for Food Safety Al Almanza. “A long game and a big crowd means more opportunities for food poisoning, but some easy precautions can go far in preventing illness.”

To keep you and your guests’ food safe this Super Bowl, USDA’s Food Safety and Inspection Service has pulled together the following key food safety plays.

  • To escape a delay of game, use effective clock management with your food. Perishable foods should not be kept at room temperature for more than two hours. Switch out these items during half time to prevent the same foods from sitting out the whole game.
  • Avoid a holding call by keeping hot food hot and cold food cold. Food should remain at a safe temperature and out of the “Danger Zone.” The Danger Zone is the temperature range between 40 °F and 140 °F where bacteria multiply rapidly.
  • Avoid a false start by using a food thermometer to ensure that meat and poultry are cooked to a safe internal temperature.
    • Raw beef, pork, lamb and veal should be cooked to 145°F with a three minute rest time.
    • Raw ground beef, pork, lamb, and veal should be cooked to 160 °F.
    • All cuts of poultry should reach at least 165 °F.
  • Many cooks think they can finish their cooking play in the kitchen by checking the color and texture of meat or poultry. The only way to safely know if cooking is over and food is ready to eat is by using a food thermometer.
  • Prevent an illegal use of the hands by making sure to thoroughly wash your hands before starting to prepare food, after handling any raw meat or poultry and trash, and after finishing cooking. Thoroughly wash hands by using hot water and soap for at least 20 seconds. “Splashing and dashing” doesn’t count.

Don’t let foodborne illness intercept your plans for the biggest Super Bowl ever celebrated.

Learn more about key food safety practices at foodsafety.gov and on Twitter @USDAFoodSafety. Consumers with questions about food safety, can call the USDA Meat and Poultry Hotline at 1-888-MPHotline (1-888-674-6854) or chat live with a food safety specialist at AskKaren.gov, available from 10 a.m. to 4 p.m. Eastern Time Monday through Friday, in English or Spanish.

Congressional and Public Affairs
Media Inquiries (202) 720-9113
Consumer Inquiries 1-888-674-6854

Cabela’s Incorporated to release fourth quarter and full fiscal year 2015 financial results on Thursday, February 18, 2016

SIDNEY, Neb., 2016-Feb-02 — /EPR Retail News/ — Cabela’s Incorporated (NYSE:CAB) announced today it is scheduled to release fourth quarter and full fiscal year 2015 financial results before the market opens on Thursday, February 18, 2016. A conference call to discuss the results will be held at11:00 a.m. ET that same morning. The call will be hosted by Tommy Millner, Chief Executive Officer, and Ralph Castner, Executive Vice President and Chief Financial Officer.

A webcast of the conference call can be accessed on the Investor Relations section of the Company’s website at www.cabelas.com. To ensure access to the webcast, please visit the website at least 15 minutes prior to the call to register and download any necessary software. A replay of the webcast will be archived on the Company’s website.

About Cabela’s Incorporated
Cabela’s Incorporated, headquartered in Sidney, Nebraska, is a leading specialty retailer, and the world’s largest direct marketer, of hunting, fishing, camping and related outdoor merchandise. Since the Company’s founding in 1961, Cabela’s® has grown to become one of the most well-known outdoor recreation brands in the world, and has long been recognized as the World’s Foremost Outfitter®. Through Cabela’s growing number of retail stores and its well-established direct business, it offers a wide and distinctive selection of high-quality outdoor products at competitive prices while providing superior customer service. Cabela’s also issues the Cabela’s CLUB® Visa credit card, which serves as its primary customer loyalty rewards program. Cabela’s stock is traded on the New York Stock Exchange under the symbol “CAB”.

Source: Cabela’s Incorporated

Cabela’s Incorporated
Investors:
Andrew Weingardt, 308-255-2905
or
Media:
308-255-1204

Tierschutz: PENNY führt bundesweit Eier von Hennen mit ungekürzten Schnäbeln ein

PENNY setzt bundesweit ein klares Zeichen für mehr Tierschutz. Ab Montag (01.02.) führen die 2.200 Märkte Eier aus Bodenhaltung von Legehennen ohne gekürzte Schnäbel. Der 6er Pack kostet derzeit 1,29 Euro. Damit ist PENNY der erste Discounter, der solche Eier bundesweit anbietet. Die Branche hatte sich darauf verständigt, dass erst ab dem 1. Januar 2017 nur noch Junghennen mit intaktem Schnabel aufgestallt werden sollen.

Köln, Germany, 2016-Feb-02 — /EPR Retail News/ — Die Legehennen bekommen zudem hochwertiges, GVO-freies Futter und haben Beschäftigungsmaterial wie Picksteine, Heu oder Stroh. Neben dem KAT- und Ohne GenTechnik-Logo tragen die Eier das PRO PLANET-Label, anhand dessen sich PENNY-Kunden im Internet weitergehend informieren können (www.proplanet-label.com).

„Mit der bundesweiten Listung der Eier von Legehennen mit ungekürzten Schnäbeln zeigen wir, dass auch im preisaggressiven Discount-Bereich Fortschritte in Sachen Tierwohl möglich sind. PENNY wird dieses Thema systematisch weiter vorantreiben, im Sinne der Tiere, aber auch vor dem Hintergrund, dass unsere Kunden eine klare Erwartungshaltung haben“, erklärt PENNY-Vorstand Jan Kunath.

Begleitend bietet die Hochschule Osnabrück als Kooperationspartner Fortbildungskurse und vor-Ort-Termine an, um Farm- und Produktionsleiter im Umgang und Management von Hennen mit intaktem Schnabel zu schulen.

PENNY erzielte 2014 allein in Deutschland mit 2.200 Filialen und 26.000 Mitarbeitern einen Umsatz von rund sieben Milliarden Euro. Im Ausland erwirtschaftete PENNY mit 1.370 Filialen und 18.200 Mitarbeitern einen Umsatz von über vier Milliarden Euro.

Ansprechpartner:
Andreas Krämer
Pressesprecher PENNY
Tel: +49 221 149 1050
Mail: presse@rewe-group.com

SOURCE: REWE Group

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Tierschutz: PENNY führt bundesweit Eier von Hennen mit ungekürzten Schnäbeln ein

Tierschutz: PENNY führt bundesweit Eier von Hennen mit ungekürzten Schnäbeln ein

DFS, Singapore Changi Airport the first travel retail venue worldwide to receive The Whisky Ambassador’s Venue Accreditation

SINGAPORE, 2016-Feb-02 — /EPR Retail News/ — DFS Group, the world’s leading luxury travel retailer, announced today in partnership with The Whisky Ambassador and 15PL Limited that DFS, Singapore Changi Airport is the first travel retail venue worldwide to receive The Whisky Ambassador’s Venue Accreditation. The Whisky Ambassador program is the UK’s only accredited training course focused solely on whisky that provides staff with the knowledge, skills and confidence to engage customers with Scotch whisky. Together with DFS’ own learning and development program DFS University, The Whisky Ambassador and 15PL Limited designed an in-depth training program exclusively for employees to provide specialized assistance to travel retail customers across DFS’ wines and spirits stores at Changi Airport.

“Our Changi Airport store is DFS’ flagship wines and spirits hub, as well as travel retail’s largest assortment of single malt whiskies in Asia Pacific. It felt natural to partner with The Whisky Ambassador and 15PL Limited to gain accreditation for DFS, Singapore Changi Airport and have our employees certified as Whisky Ambassadors,” said Wilcy Wong, DFS Group’s Managing Director, Singapore and Indonesia. “We’re confident that with our staff’s expertise and deep understanding of single malts, coupled with our fantastic product offering, DFS, Singapore Changi Airport will continue to be world traveler’s preferred destination for wines and spirits.”

To complete the Whisky Ambassador program, DFS Sales Associates underwent extensive training on how whisky is made, tasting and nosing, the history of the drink, the economic impact and culture of whisky as well as customer service. The course was developed as part of DFS University’s School of Wines and Spirits and will be rolled out to DFS Sales Associates in the Wines, Spirits and Tobacco team globally.

“We are honored to be the first travel retail company in the world to receive The Whisky Ambassador’s Venue Accreditation and we’re confident that this certification will allow us to deliver an incredible customer experience that educates and inspires,” said DFS Group’s Brooke Supernaw, Senior Vice President Spirits, Wines and Tobacco. “Whisky requires a deep level of knowledge to educate the customer on differences in production techniques, flavor profiles, regions of origin as well as growing trends such as Japanese and Taiwanese whiskies. Now that our Sales Associates are certified Whisky Ambassadors, customers can be confident that whether they are whisky novices or connoisseurs, DFS will provide the highest level of service to meet their needs.”

The Whisky Ambassador’s Venue Accreditation at DFS, Singapore Changi Airport builds on the opening of DFS’ wines and spirits duplex store at Changi Airport’s Terminal 3 in May 2015. Boasting over 1,400 products from over 440 spirits, wine and tobacco brands across 11,400 square feet and two floors, the store is a whisky destination for travelers, with 110 single malt products from 50 brands, the largest assortment of single malts available in travel retail in Asia Pacific. The store also features a Long Bar by Raffles – a tasting bar in collaboration with one of Singapore’s most historical landmarks, the Raffles Hotel – serving its famed cocktail invention, the original Singapore Sling. Guests can also enjoy guided tastings and a monthly program of exciting and interactive activities, featuring master classes for cocktail mixology, bartending and hosting at home.

“We congratulate DFS Group on its latest feather in the cap with its venue accreditation by The Whisky Ambassador. Their Wines & Spirits duplex store launched in May last year was an innovative concept aimed at giving shoppers a unique experience. Now, with this accreditation, the opportunity to experience the mysteries and allure of the Scotch whisky in a deep way in our liquor stores definitely sets Changi Airport apart. Our passengers enjoy an even more enhanced experience with the advice and recommendations of the DFS team of Whisky Ambassadors when they shop for whisky at Changi Airport,” said Teo Chew Hoon, Changi Airport Group’s Senior Vice President Airside Concessions.

MEDIA CONTACTS
press.enquiries@dfs.com

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DFS, Singapore Changi Airport the first travel retail venue worldwide to receive The Whisky Ambassador’s Venue Accreditation

DFS, Singapore Changi Airport the first travel retail venue worldwide to receive The Whisky Ambassador’s Venue Accreditation

U.S. convenience store count increased to 154,195 stores as of December 31, 2015

ALEXANDRIA, VA, 2016-Feb-02 — /EPR Retail News/ — The U.S. convenience store count increased to 154,195 stores as of December 31, 2015, a 0.9% increase (1,401 stores) from the year prior, according to the 2016 NACS/Nielsen Convenience Industry Store Count. [infographic]

Within the retail universe that Nielsen tracks, convenience stores account for 34.2% of all outlets in the United States, which is significantly higher than the U.S. total of other retail channels including superettes, supermarket and supercenters (51,055 stores), drug stores (41,969 stores) and dollar stores (27,378 stores).

Overall, 80.7% of convenience stores (124,374) sell motor fuels.

“Our continued growth shows that our industry’s core offer of convenience resonates with time-starved customers, whether they are searching for a fuel fill-up, a quick and healthy snack, a refreshing drink or for fill-in groceries or take-out meals,” NACS Chairman Jack Kofdarali, president of Corona, California-based J&T Management Inc.

The convenience retailing industry continues to be dominated by single-store operators, which account for 63.1% of all convenience stores (97,359 stores total) and 74.3% of store growth in 2015.

Among the states, Texas continues to lead in store count with 15,607 stores. The rest of the top 10 states for convenience stores are California (11,540), Florida (9,909), New York (8,446), Georgia (6,765), North Carolina (6,330), Ohio (5,605), Michigan, (4,880), Illinois (4,732) and Pennsylvania (4,706), the same top 10 as 2015. All states experienced year-over-year increases with the exception of Georgia (-1 store) and Michigan (-27 stores).

The bottom three states in terms of store count are Alaska (206 stores), Wyoming (357) and Delaware (350).

The convenience retailing industry has roughly doubled in size over the last three decades. At year-end 1985, the store count was 90,900 stores, at year-end 1995 the store count was 101,100 stores and at year-end 2005 the store count was 140,665 stores.

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Founded in 1961 as the National Association of Convenience Stores, NACS (nacsonline.com) is the international association for convenience and fuel retailing. The U.S. convenience store industry, with more than 152,700 stores across the country, posted $696.1 billion in total sales in 2014, of which $482.6 billion were motor fuels sales. NACS has 2,100 retail and 1,600 supplier member companies, which do business in nearly 50 countries.

SOURCE: NACS

For media interviews/comments contact Jeff Lenard

Wegmans Food Markets alerts of fraudulent Facebook post bearing the company’s name

ROCHESTER, NY, 2016-Feb-02 — /EPR Retail News/ — Wegmans Food Markets, Inc. is alerting consumers to a scam that involves a fraudulent Facebook post bearing the company’s name. The company became aware of the scam earlier today when an employee questioned the validity of the post.

The Facebook post shows the image of a Wegmans storefront with a false claim that the company is giving away a free $200 grocery coupon. This giveaway is neither affiliated with nor supported by Wegmans.

Jo Natale, Wegmans vice president of media relations, said, “We’re actively working to have this fraudulent post removed from Facebook. We urge consumers not to click it, share it, or provide any personal information.”

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Wegmans Food Markets, Inc. is an 88-store supermarket chain with stores in New York, Pennsylvania, New Jersey, Virginia, Maryland, and Massachusetts. The family-owned company, recognized as an industry leader and innovator, is celebrating its 100th anniversary in 2016. Wegmans has been named one of the ‘100 Best Companies to Work For’ by FORTUNE magazine for 18 consecutive years, ranking #7 in 2015. The company also ranked #1 for Corporate Reputation, among the 100 ‘most-visible companies’ nationwide in the 2015 Harris Poll Reputation Quotient ® study.

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

Fred & Lena Meijer Scholarship to increase its scholarship awards from $2,500 to $3,000 this year

Applications open for competitive scholarship now through April 1

RAND RAPIDS, Mich., 2016-Feb-02 — /EPR Retail News/ — The Fred & Lena Meijer Scholarship is increasing its scholarship awards from $2,500 to $3,000 this year, giving Meijer team members and their children an opportunity to put even more money toward their college education.

Applications are being accepted through April 1 for the competitive scholarship, which is held at and administered by Grand Rapids Community Foundation.

“Our dad always believed that continued education and lifelong learning were invaluable,” said Hank Meijer, co-chairman of the Grand Rapids, Mich.-based retailer. “My brothers and I are pleased to continue providing this scholarship opportunity for Meijer team members and their children through the Meijer Foundation.”

The Fred & Lena Meijer Scholarship is a private scholarship fund that was established at the Grand Rapids Community Foundation in 1975 originally for children of Meijer team members. In 2010, the scholarship program was expanded to include Meijer team members themselves and awards were increased from $500 to $1,000. The Meijer Foundation funded the scholarship in 2011 with a significant endowment to the Community Foundation, and the enhanced scholarship in 2012 to $2,500, while also providing two $10,000 scholarships: one each in Fred and Lena Meijer’s names.

Last year, the program awarded $457,500 in scholarships, furthering the education of 177 Meijer team members and their children attending 88 colleges and universities. Of that amount, two recipients were awarded $10,000 scholarships and 175 others received $2,500 scholarships.

The Fred & Lena Meijer Scholarship is administered and awarded by Grand Rapids Community Foundation, and is based on financial need, academics and community involvement. A written essay of aspirations and educational goals is also part of the application process.

“Each year we look forward to helping Meijer team members and their children achieve their academic dreams,” Grand Rapids Community Foundation President Diana Sieger said. “This significant scholarship award is a great asset to any student who is concerned about the cost of college.”

The scholarships are available for use at any accredited college, university, vocational, technical or specialized educational institution nationwide. The number of scholarships awarded each year is determined as a percentage of the total number of applicants as set by the federal government.

To qualify for the scholarships, Meijer team members must have one year of continuous service by the April 1 application deadline, and may be full- or part-time students. Dependents of Meijer team members must be full-time students with a minimum of 12 credit hours.

For more information on the application process and to apply, please visit http://www.grfoundation.org/meijer.

About Meijer:
Meijer is a Grand Rapids, Mich.-based retailer that operates 223 supercenters and grocery stores throughout Michigan, Ohio, Indiana, Illinois, Kentucky and Wisconsin. As a pioneer of the “one-stop shopping” concept, Meijer stores have evolved through the years to include expanded fresh produce and meat departments, as well as pharmacies, comprehensive apparel departments, garden centers and electronics offerings. Additional information on Meijer and the ability to shop for more can be found at www.meijer.com. Follow Meijer on Twitter @twitter.com/Meijer or become a fan at www.facebook.com/meijer.

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Contact: Christina Fecher, 616-735-7968, Christina.Fecher@meijer.com

Russia’s largest food retailer Magnit now with 12,089 stores

Krasnodar, RUSSIA, 2016-Feb-02 — /EPR Retail News/ — PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces its unaudited FY 2015 results prepared in accordance with IFRS1.

During 2015 the Company added (net) 2,378 stores (1,250 convenience stores, 29 hypermarkets, 58 “Magnit Family” stores and 1,041 drogerie stores) and increased its selling space by 22.92% in comparison to 2014 from 3,590.64 thousand sq. m. to 4,413.72 thousand sq. m. The total store base as of December 31, 2015 reached 12,089 stores (9,594 convenience stores, 219 hypermarkets, 155 “Magnit Family” stores and 2,121 drogerie stores).

Revenue increased by 24.50% YoY from 763,527.25 million RUR in 2014 to 950,613.34 million RUR in 2015. The top line growth was due to an increase in selling space as well as to a 6.21% increase in like-for-like sales.

Gross profit increased by 22.81% from 220,520.56 million RUR to 270,821.52 million RUR. Gross margin in 2015 amounted to 28.49%.

EBITDA increased by 20.95% from 85,909.67 million RUR in 2014 to 103,911.29 million RUR in 2015. EBITDA margin in 2015 was 10.93%, which is 32 b. p. lower than 11.25% in 2014. EBITDA margin in the 4Q of 2015 was 11.07%.

2015 net income increased by 23.40% and amounted to 58,846.66 million RUR vs. 47,685.84 million RUR in 2014. Net income margin for 2015 was 6.19%.
For further information. please contact:

Timothy Post
Head of Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562

Investor Relations Office
MagnitIR@magnit.ru
Direct Line: +7-861-277-4562
Website: http://ir.magnit.com/

Media Inquiries Media Relations Department
press@magnit.ru

Company description:
Magnit is Russia’s largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of December 31, 2015, Magnit operated 33 distribution centers and about 12,089 stores (9,594 convenience, 374 hypermarkets, and 2,121 drogerie stores) in 2,361 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts for 2015, Magnit had revenues of RUB 951 billion and an EBITDA of RUB 104 billion. Magnit’s local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor’s of BB+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.

Starbucks Corporation priced $500 million of 2.100% Senior Notes due 2021

SEATTLE, 2016-Feb-02 — /EPR Retail News/ — Starbucks Corporation (NASDAQ: SBUX) today announced that it has priced an underwritten public offering of senior notes.  The company plans to use the net proceeds from the offering of $500 million of 2.100% Senior Notes due 2021 for general corporate purposes, which may include repurchases of Starbucks common stock under the company’s ongoing share repurchase program, business expansion, payment of cash dividends on Starbucks common stock, or the financing of possible acquisitions. The offering of the senior notes is expected to close on February 4, 2016, subject to customary closing conditions.

Goldman Sachs, J.P. Morgan and Morgan Stanley are serving as the joint book-running managers of the offering.  The offering is being made under an automatic shelf registration statement filed with the Securities and Exchange Commission (“SEC”) on September 3, 2013.  The offering may be made only by means of a prospectus and related prospectus supplement, copies of which may be obtained from:

Goldman Sachs
prospectus-ny@ny.email.gs.com
866-718-1649

J.P. Morgan
212-834-4533

Morgan Stanley
prospectus@morganstanley.com
866-471-2526

An electronic copy of the registration statement and prospectus supplement, together with the prospectus, is available on the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell nor a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

Forward-Looking Statements

Certain statements contained in this release are “forward-looking statements” within the meaning of applicable securities laws and regulations, including statements about the expected closing of a public offering or senior notes and the use of proceeds of such offering. Such forward-looking statements are based on current management expectations and satisfactions of certain conditions that are subject to various risks and uncertainties, including market conditions and those risks detailed in the Company’s filings with the Securities and Exchange Commission, including the “Risk Factors” section of the Starbucks Annual Report on Form 10-K for the fiscal year ended September 27, 2015, and the prospectus and prospectus supplement delivered in connection with the public offering of senior notes discussed in this release. The company assumes no obligation to update any of these forward-looking statements.

For more information on this news release, contact us

Starbucks to open in Trinidad and Tobago in 2016

SEATTLE, 2016-Feb-02 — /EPR Retail News/ — Starbucks Coffee Company (NASDAQ: SBUX) has announced plans to open its first location in Trinidad and Tobago in 2016, representing the company’s 16th market in the Latin America and Caribbean region.

“We are proud to bring the Starbucks Experience to Trinidad and Tobago, marking a key milestone in our continued efforts to expand operations across the Caribbean,” said Ricardo Rico, Starbucks vice president for Latin America operations. “We look forward to opening our first store in the market and sharing our deep passion and knowledge of some of the finest coffees from around the world.”

Starbucks stores in Trinidad and Tobago will be exclusively owned and operated by Prestige Holdings Limited (PHL), a leading restaurant management company in the Caribbean, which operates the KFC, Pizza Hut, TGI Friday’s, and Subway brands in the region, employing more than 3,000 employees across 112 locations. For over 40 years, PHL has been at the center of Trinidad and Tobago’s business landscape providing customers with a one of a kind retail experience. PHL will be responsible for delivering Starbucks iconic coffeehouse experience to customers and overseeing the brand’s growth in the market.

“We are pleased to be working with Starbucks and look forward to leveraging our expertise and knowledge of the market to deliver the Starbucks Experience to customers in Trinidad and Tobago,” said Charles Pashley, Chief Executive Officer of Prestige Holdings Limited. “Like Starbucks, we are committed to creating moments of connection for our valued customers by delivering a fantastic retail experience, high-quality products and world class operations.”

For more than 40 years, Starbucks has built its brand by delivering a consistent, authentic in-store experience to customers around the globe that is rooted in high-quality arabica coffee and engaged, knowledgeable baristas. Since launching the brand in Latin America, Starbucks has grown to over 940 stores across 15 markets, 14 of which are operated by its trusted licensing partners. In the Caribbean, Starbucks licensees currently operate 33 stores across Aruba, the Bahamas, Curacao, and Puerto Rico, making Trinidad and Tobago its fifth market in the Caribbean region.

“We see continued opportunities for growth in the Caribbean and collaborating with partners like Prestige Holdings is helping us leverage their proven market capabilities to create even greater value for both our customers and partners,” Rico added.

About Prestige Holdings Ltd.
Prestige Holdings Limited continues to enhance the restaurant experience across the Caribbean. Launching in 1972 in Trinidad and Tobago with KFC restaurants, our commitment to service excellence led to increasing our offering with Pizza Hut restaurants in 1994, TGI Fridays in 2001 and Subway restaurants in 2011. We value the individual experiences people share together in our restaurants and we continue our vision for the brands we share to be in the hearts and minds of our customers and team members.

For more information on this news release, contact us