Lowe’s to becomes Canada’s leading home improvement retailer with the acquisition of RONA inc.

  •  Transaction valued at C$3.2 billion (US$2.3 billion)
  • Transaction unanimously approved by both companies’ Boards of Directors
  • Agreement is based on compelling strategic rationale for both companies
  • Lowe’s pledges important commitments to RONA’s key Canadian stakeholders
  • Lowe’s to locate its Canadian head office in Boucherville, Quebec; Canadian operations to be headed by  Sylvain Prud’homme, President of Lowe’s Canada
  • Acquisition accelerates Lowe’s growth strategy in Canada

MOORESVILLE, N.C. and BOUCHERVILLE, Quebec, 2016-Feb-03 — /EPR Retail News/ — Lowe’s Companies, Inc. (NYSE: LOW) (“Lowe’s” or the “Company”) and RONA inc. (TSX: RON, RON.PR.A) (“RONA”) announced today that they have entered into a definitive agreement under which Lowe’s is expected to acquire all of the issued and outstanding common shares of RONA for C$24 per share in cash, and all of the issued and outstanding preferred shares of RONA for C$20 per share in cash.  The total transaction value is C$3.2 billion (US$2.3 billion) (the “Transaction”).  The offer represents a premium of 104 percent to RONA’s closing common share price on February 2, 2016 and a 38 percent premium to RONA’s 52-week high of C$17.36. Together, Lowe’s Canada and RONA stores will createCanada’s leading home improvement retailer with 2015 pro forma revenues from Canadian operations of approximately C$5.6 billion. Excluding transaction and integration costs, we anticipate the Transaction will be accretive to Lowe’s earnings in the first year following the close of the acquisition.

The Transaction has been unanimously approved by the Boards of Directors of Lowe’s and RONA and is supported by the management teams of both companies. The Transaction is expected to proceed by way of a plan of arrangement by which Lowe’s would acquire all of the outstanding shares of RONA, subject to RONA common shareholder approval and satisfaction of customary conditions, including the receipt of all necessary regulatory approvals. The RONA Board has received an opinion from Scotia Capital Inc. that the consideration to be received by RONA’s common and preferred shareholders pursuant to the Transaction is fair, from a financial point of view.

The RONA Board will recommend that RONA shareholders vote in favor of the plan of arrangement at a special meeting of shareholders expected to be held before the end of the first quarter of 2016. Further information regarding the Transaction will be included in RONA’s information circular to be mailed to RONA shareholders in advance of the special meeting. The arrangement agreement provides that RONA is subject to customary non-solicitation provisions.

“We are very excited about this transaction as it leverages the strengths of two great companies, positioning us for continued success in Canada’s over C$45 billion and growing home improvement industry. The strategic rationale of this transaction, for both companies, is very compelling,” said Lowe’s Chairman, President and CEO Robert A. Niblock.

“The transaction is expected to accelerate Lowe’s growth strategy by significantly expanding our presence in the Canadian market through the addition of RONA’s attractive business and excellent store locations across the country,” added Niblock.  “Importantly, the transaction also provides Lowe’s with entry into Quebec, where RONA is the market leader and we have no presence. We have committed to maintaining RONA’s operations inBoucherville, where we will headquarter our Canadian businesses, and plan to continue to operate RONA’s multiple retail banners and distribution services to independent dealers.  With our shared customer-centric values and a steadfast commitment to the Canadian market, we expect to generate significant long-term benefits for shareholders, customers, vendors, employees and the communities we serve.”

RONA’s Chairman, Robert Chevrier added, “We believe the time is right to take the next step in the evolution of the RONA family. The team at Lowe’s has presented us with an excellent plan that enables our company to maintain its brand power while at the same time leveraging Lowe’s global presence to build upon and expand our reach. With commitments made by Lowe’s to our employees, potential new markets for Canadian manufacturers and product offerings for our independent dealers, this transaction presents the ideal opportunity for the continued growth of our company while delivering an attractive premium for our shareholders.”

The Canadian operations will be led by Sylvain Prud’homme, president of Lowe’s Canada. The senior management teams of both companies will work to assure a smooth and effective transition.

“We are pleased with the solid position we have established in key Canadian markets in recent years and the positive reception from our local customers,” said Prud’homme. “We look forward to continuing our commitment to the Canadian market and further enhancing our offering to the customers of both Lowe’s and RONA. We have great respect for RONA’s leadership team and RONA’s talented employee base and look forward to working together to take our businesses to the next level.”

Lowe’s has identified over C$1 billion of opportunities to further increase revenue and operating profitability in Canada. These include: expanding customer reach and serving a new portion of the market by applying Lowe’s expertise in certain product categories, such as appliances; enhancing customer relevance, utilizing Lowe’s strengths as a leading omni-channel home improvement company and drawing on its customer experience design capabilities; and driving increased profitability in Canada by leveraging shared supplier relationships and enhanced scale, as well as Lowe’s private label capabilities, in addition to eliminating RONA’s public company costs. Given these opportunities, Lowe’s believes there is potential to double operating profitability in Canada over five years.

Lowe’s Commitments to RONA Stakeholders in Canada

In addition to the attractive premium offered to RONA’s shareholders, Lowe’s has agreed to key commitments for RONA and its stakeholders.  These include:

  • to headquarter the Canadian businesses in Boucherville, Quebec;
  • to maintain RONA’s multiple retail store banners;
  • to enhance distribution services to independent dealers;
  • for RONA to continue to employ the vast majority of its current employees and maintain key executives from RONA’s strong leadership team;
  • to continue RONA’s local and ethical procurement strategy and potentially expand relationships both Lowe’s and RONA have developed with Canadian manufacturers and suppliers; and
  • to continue to support Canadian communities through RONA and Lowe’s charitable and environmental initiatives.

Lowe’s Companies, Inc. Conference Call

Lowe’s will hold a conference call to discuss the announcement today at 8:00 a.m. EST. The conference call will be available by webcast and can be accessed by visiting Lowe’s website at www.Lowes.com/investor, clicking on webcasts, and selecting Lowe’s Companies Canada Acquisition Conference Call. Supplemental slides will be available 15 minutes prior to the start of the conference call. A replay of the call will be archived on Lowes.com/investor.

RONA inc. Conference Call

RONA will hold a conference call to discuss the announcement today at 10:30 a.m. EST. The conference call will be available by webcast and can be accessed by visiting RONA’s website at rona.ca/corporate/investors

News Conference

Lowe’s and RONA will host a joint news conference at noon today at Le Centre Sheraton Montreal Room Hémon, 1201 Boulevard René-Lévesque O, Montréal, QC H3B 2L7.  Executives of both companies will be present to answer questions from the news media. An audio webcast of the news conference will be made available during the event by clicking this link and can be accessed following the event by visiting http://www.Lowes.com/investor and rona.ca/corporate/investors.

Advisors

CIBC World Markets Inc. and RBC Capital Markets are serving as financial advisors to Lowe’s in connection with the Transaction.  Stikeman Elliott LLP is serving as legal counsel to Lowe’s in Canada, and Hunton & Williams LLP is serving as legal counsel to Lowe’s in the U.S. Scotia Capital Inc. is serving as exclusive financial advisor to RONA.  Norton Rose Fulbright Canada LLP is serving as legal counsel to RONA.

About Lowe’s Companies, Inc.
Lowe’s is a FORTUNE® 50 home improvement company serving approximately 16 million customers a week in the United States, Canada and Mexico through its stores and online at Lowes.com, Lowes.ca and Lowes.com.mx. With fiscal year 2014 sales of US$56.2 billion, Lowe’s has more than 1,845 home improvement and hardware stores and 265,000 employees. Founded in 1946 and based in Mooresville, N.C., Lowe’s supports the communities it serves through programs that focus on K-12 public education and community improvement projects. For more information, visit Lowes.com.

About RONA inc.
RONA inc. is a major Canadian retailer and distributor of hardware, building materials and home renovation products. RONA operates a network of close to 500 corporate and independent affiliate dealer stores in a number of complementary formats. With its nine distribution centres, RONA serves its network of stores and several independent dealers operating under other banners, including Ace, for which RONA owns the licensing rights and is the exclusive distributor in Canada. With more than 17,000 employees in corporate stores and more than 5,000 employees in the stores of its independent affiliate dealers, RONA generates annual consolidated sales of C$4.1 billion. For more information, visitRONA.ca.

Forward-Looking Statements – Lowe’s Companies, Inc.

This news release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 including those regarding the Transaction and the expected impact of the Transaction on Lowe’s strategic and operational plans and financial results.  Statements including words such as “may”, “will”, “could”, “should”, “would”, “plan”, “potential”, “intend”, “anticipate”, “believe”, “estimate” or “expect” and other words, terms and phrases of similar meaning are forward-looking statements. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties.  Such forward-looking statements include, but are not limited to, statements or implications about the benefits of the Transaction, including future financial and operating results, Lowe’s or RONA’s plans, objectives, expectations and intentions, the expected timing of completion of the Transaction, expectations for sales growth, comparable sales, earnings and performance, shareholder value, capital expenditures, cash flows, the housing market, the home improvement industry, demand for services, share repurchases, Lowe’s strategic initiatives, any statement of an assumption underlying any of the foregoing and other statements that are not historical facts.  Although Lowe’s believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, it can give no assurance that such statements will prove to be correct. A wide variety of potential risks, uncertainties, and other factors could materially affect Lowe’s ability to achieve the results either expressed or implied by these forward-looking statements including, but not limited to, changes in general economic conditions, such as the rate of unemployment, interest rate and currency fluctuations, fuel and other energy costs, slower growth in personal income, changes in consumer spending, changes in the rate of housing turnover, the availability of consumer credit and of mortgage financing, inflation or deflation of commodity prices, and other factors which can negatively affect Lowe’s customers, as well as its ability to: (i) respond to adverse trends in the housing industry, such as a demographic shift from single family to multi-family housing, a reduced rate of growth in household formation, and  slower rates of growth in housing renovation and repair activity, as well as uneven recovery in commercial building activity; (ii) secure, develop, and otherwise implement new technologies and processes necessary to realize the benefits of Lowe’s strategic initiatives and enhance its efficiency; (iii) attract, train, and retain highly-qualified associates; (iv) manage its business effectively as Lowe’s adapts its traditional operating model to meet the changing expectations of its customers; (v) maintain, improve, upgrade and protect its critical information systems from data security breaches and other cyber threats; (vi) respond to fluctuations in the prices and availability of services, supplies, and products; (vii) respond to the growth and impact of competition; (viii) address changes in existing or new laws or regulations that affect consumer credit, employment/labor, trade, product safety, transportation/logistics, energy costs, health care, tax or environmental issues; and (ix) respond appropriately to unanticipated failures to maintain a high level of product and service quality that could result in a negative impact on customer confidence and adversely affect sales. In addition, Lowe’s could experience additional impairment losses if either the actual results of its operating stores are not consistent with the assumptions and judgments it has made in estimating future cash flows and determining asset fair values, or Lowe’s is required to reduce the carrying amount of its investment in certain unconsolidated entities that are accounted for under the equity method. With respect to the Transaction discussed herein specifically, potential risks include the possibility that the Transaction will be rejected by RONA’s shareholders; the possibility that even if the Transaction is approved by RONA’s shareholders, the Transaction will not close or that the closing may be delayed; the possibility that RONA’s board of directors could receive and approve a superior acquisition proposal; the failure to obtain, any necessary actions to obtain and the timing to obtain any required regulatory approvals for the Transaction or any transaction ancillary thereto; the effect of the announcement of the Transaction on Lowe’s and RONA’s strategic relationships, operating results and businesses generally; significant transaction costs or unknown liabilities; failure to realize the expected benefits of the Transaction; and general economic conditions. For more information about these and other risks and uncertainties that Lowe’s is exposed to, you should read the “Risk Factors” and “Critical Accounting Policies and Estimates” included in Lowe’s most recent Annual Report on Form 10-K to the United States Securities and Exchange Commission (the “SEC”) and the description of material changes therein or updated version thereof, if any, included in Lowe’s Quarterly Reports on Form 10-Q or subsequent filings with the SEC.

The forward-looking statements contained in this news release are expressly qualified in their entirety by the foregoing cautionary statements. All such forward-looking statements are based upon data available as of the date of this release or other specified date and speak only as of such date. All subsequent written and oral forward-looking statements attributable to Lowe’s or any person acting on behalf of Lowe’s about any of the matters covered in this release are qualified by these cautionary statements and in the “Risk Factors” included in Lowe’s most recent Annual Report on Form 10-K to the SEC and the description of material changes, if any, therein included in Lowe’s Quarterly Reports on Form 10-Q or subsequent filings with the SEC. Lowe’s expressly disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, change in circumstances, future events, or otherwise.

Forward-Looking Statements – RONA inc.

This press release includes “forward-looking statements” that involve risks and uncertainties. All statements other than statements of historical facts included in this press release, including statements regarding the prospects of the industry and prospects, plans, financial position and business strategy of RONA may constitute forward-looking statements within the meaning of the Canadian securities legislation and regulations. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe” or “continue” or the negatives of these terms, variations of them, similar terminology or the use of future tenses. More particularly and without limitation, this press release contains forward-looking statements and information concerning: statements or implications about the anticipated benefits of the Transaction to RONA, Lowe’s and their respective shareholders, including future financial and operating results, Lowe’s or RONA’s plans, objectives, expectations and intentions; and the anticipated timing for the special meeting of RONA shareholders.

In respect of the forward-looking statements and information concerning the anticipated benefits of the proposed Transaction and the anticipated timing for the special meeting of RONA shareholders, RONA has provided such in reliance on certain assumptions that it believes are reasonable at this time, including assumptions as to the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary regulatory, court and shareholder approvals; the ability of the parties to satisfy, in a timely manner, the other conditions to the closing of the Transaction; and other expectations and assumptions concerning the Transaction. The anticipated timing to hold the shareholder meeting may change for a number of reasons. Although RONA believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. Accordingly, investors and others are cautioned that undue reliance should not be placed on any forward-looking statements.

Risks and uncertainties inherent in the nature of the Transaction include without limitation the failure of the parties to obtain the necessary shareholder, regulatory and court approvals, or to otherwise satisfy the conditions to the completion of the Transaction, in a timely manner, or at all; significant transaction costs or unknown liabilities; failure to realize the expected benefits of the Transaction; and general economic conditions. Failure to obtain the necessary shareholder, regulatory and court approvals, or the failure of the parties to otherwise satisfy the conditions to or complete the Transaction, may result in the Transaction not being completed on the proposed terms, or at all. In addition, if the Transaction is not completed, and RONA continues as an independent entity, there are risks that the announcement of the Transaction and the dedication of substantial resources of RONA to the completion of the Transaction could have an impact on RONA’s business and strategic relationships (including with future and prospective employees, customers, dealer-owners, distributors, suppliers and partners), operating results and businesses generally, and could have a material adverse effect on the current and future operations, financial condition and prospects of RONA. Furthermore, the failure of RONA to comply with the terms of the arrangement agreement may, in certain circumstances, result in RONA being required to pay a fee to Lowe’s, the result of which could have a material adverse effect on RONA’s financial position and results of operations and its ability to fund growth prospects and current operations.

For more information on the risks, uncertainties and assumptions that would cause RONA’s actual results to differ from current expectations, please also refer to RONA’s public filings available at www.sedar.com and www.RONA.ca. In particular, further details and descriptions of these and other factors are disclosed in RONA’s Management’s Discussion and Analysis for the fiscal year ended December 28, 2014 under the “Risks and uncertainties” section. The forward-looking statements contained in this press release are expressly qualified in their entirety by the foregoing cautionary statements. RONA expressly disclaims any obligation or intention to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable securities laws.

NO OFFER OR SOLICITATION

This announcement is for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to sell RONA common shares.

SOURCE Lowe’s Companies, Inc.

Application for funding through Co-op Community Spaces open until February 12, 2016

Saskatoon, Canada, 2016-Feb-03 — /EPR Retail News/ — Everyone needs a place to meet, play, learn and share. In 2016, Co-op Community Spaces will contribute up to $1.5 million to support recreation, urban agriculture and environmental conservation projects in Western Canada.

Community organizations have until Feb. 12, 2016, to apply for funding through Co-op Community Spaces.

Last year, the Manitoba Eco-Network was one of 16 Co-op Community Spaces recipients. For more information on these projects and to learn how your community can apply, visit communityspaces.ca.

The Manitoba Eco-Network is creating a natural solution for ensuring clean water enters the water system in Winnipeg.

“The rain garden will receive, temporarily hold and clean the runoff from the adjacent parking lot before it enters the nearby Seine River,” said Megan Krohn, Water Program Manager. “Deep-rooted native trees, shrubs, grasses and flowers will trap and remove sediment and other pollutants.”

Winnipeg experiences combined sewer overflow from rain storms 22 times a year, which results in millions of litres of stormwater and untreated human waste in waterways. Rain gardens, in addition to filtering runoff, divert runoff from the storm drains and release the water slowly after the peak runoff time. This can be a useful tool in communities with combined sewer systems to reduce overflows.

The rain garden project raises awareness of easy and tangible approaches to stormwater management for the city, local business and private landowners. Not only will it educate and engage landowners, the project will have a positive effect directly on river water quality.

This project will serve as a pilot for future rain gardens in the urban watershed.

SOURCE: Federated Co-operatives Limited

###

In 2015, the Manitoba Eco-Network received $35,000 from Co-op Community Spaces to help create a rain garden that will improve stormwater management in Winnipeg.

In 2015, the Manitoba Eco-Network received $35,000 from Co-op Community Spaces to help create a rain garden that will improve stormwater management in Winnipeg.

CVS Health announces increased availability of overdose reversal medicine naloxone to combat opioid abuse epidemic

  • White House Drug Policy Director, Ohio Attorney General, Lucas County Sheriff join CVS Health to announce increased availability of naloxone to combat opioid abuse epidemic
  • CVS Health also highlights resources for Ohio high schools, police departments to help prevent drug abuse

Toledo, OH, 2016-Feb-03 — /EPR Retail News/ — CVS Health (NYSE: CVS) announced today it would make the opioid overdose reversal medicine naloxone available without a prescription at all CVS Pharmacy locations across Ohio beginning in late March 2016.  White House National Drug Control Policy Director Michael Botticelli, Ohio Attorney General Mike DeWine and Lucas County Sheriff John Tharp joined CVS Health in making the announcement at a press conference in Toledo today.

“Naloxone is a safe and effective antidote to opioid overdoses and by expanding access to this medication in our Ohio pharmacies by the use of a physician’s standing order for patients without a prescription, we can help save lives,” said Tom Davis, RPh, Vice President of Pharmacy Professional Practices at CVS Pharmacy. “We support expanding naloxone availability and we applaud the State of Ohio for its leadership in the fight against drug abuse and addiction.”

“Today’s announcement builds on the commitment CVS Health made last October when President Obama announced new public and private sector actions to address prescription drug abuse and heroin use,” said White House Director of National Drug Control Policy Michael Botticelli. “Expanding access to the lifesaving overdose-reversal drug naloxone is a critical part of our national strategy to stop the opioid overdose epidemic, along with effective enforcement, prevention, and treatment.”

“By making naloxone available at their stores without an individual prescription, CVS Pharmacies will be helping to put a  life-saving tool in the hands of Ohioans who may have a family member or someone close to them suffering from an opiate addiction,” said Ohio Attorney General Mike DeWine.  “Many of our first responders carry naloxone, but having it available on a wider basis could get help to someone who is overdosing even more quickly.”

“It shouldn’t be easier for Ohioans to get opioids than it is to get life-saving medication necessary to stop overdoses,” said U.S. Senator Sherrod Brown, who has partnered with CVS Health on several efforts to curb prescription drug abuse, including the Stopping Medication Abuse and Protecting Seniors Act, which would allow pharmacies to use drug-management programs in Medicare.‎ “‎As trusted institutions in the community, pharmacies have an important role to play in our collective fight against addiction to opioids and heroin. CVS Health’s commitment to solving this problem by making overdose-reversing medications available to patients, first responders, and caregivers without an individual prescription shows it takes this responsibility seriously.‎ We need to use every resource available to prevent and treat addiction and drug overdoses and help save lives in Toledo and across Ohio, and I will continue to work with my colleagues, the Administration, and community members to fight this public health crisis.”

“By increasing access to the life-saving drug naloxone, we can help bring more people back from the grips of overdoses,” U.S. Senator Rob Portman stated. “This marks an important step in our fight to combat addiction and I will continue to work for a bottom-up, comprehensive approach to the heroin epidemic.”

CVS Health is also providing the opportunity for law enforcement agencies in Ohio to apply to receive a drug collection unit to help local communities safely dispose of unwanted medications, including controlled substances.  Through the Medication Disposal for Safer Communities Program, a joint effort of CVS Pharmacy and The Partnership for Drug-Free Kids, more than 20 drug disposal units donated across Ohio have collected more than 4,000 pounds of unwanted medications since September 2014.  And nation-wide, the program has donated more than 500 drug collection units and collected more than 28 metric tons of unwanted medications.

In the Toledo area, the Safer Communities program has donated drug collection units to the Ottawa Hills Police Department, the City of Oregon Police Department and the Lucas County Coroner’s Office.  Law enforcement officials can learn more about the program and apply for a unit here or by calling 866-559-8830.

Lucas County Sheriff John Tharp said “Saving the lives of our family, friends, and neighbors is imperative and any tools to help combat the current heroin epidemic in our communities should be embraced.”

CVS Health is also highlighting its community outreach program called “Pharmacists Teach,” which gives high school students the opportunity to hear from local CVS pharmacists about the dangers of prescription drug abuse.  School administrators in Ohio can learn more about this opportunity and request to participate in the program by emailing ProfessionalPracticeRetail@cvscaremark.com.  Nation-wide, more than 5,000 students have already participated in the program.

CVS Health’s move to increase access to naloxone in Ohio comes in addition to more than a dozen states where naloxone is already available without a prescription at CVS Pharmacy locations including Arkansas, California, Indiana, Minnesota, Mississippi, Montana, New Jersey, New York, North Dakota, Pennsylvania, Tennessee, Utah and Wisconsin.

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

Media Contact:

Erin Shields Britt
Corporate Communications
(401) 770-9237
Erin.Britt@CVSHealth.com

CarMax, Inc. announces management changes

RICHMOND, Va., 2016-Feb-03 — /EPR Retail News/ — CarMax, Inc. (NYSE:KMX) today announced that, as the culmination of a multi-year management succession plan, Bill Nash has been promoted to president and Cliff Wood has been promoted to chief operating officer, effective February 1, 2016. Tom Folliard plans to retire as chief executive officer prior to the end of 2016, at which time it is anticipated that Mr. Nash will assume the role of CEO. Upon Mr. Folliard’s retirement, the Board of Directors expects that he will serve as the non-executive chairman of the board.

“Tom Folliard has built an exceptional management team at CarMax, positioning the company for continued growth,” said Bill Tiefel, chairman of the board. “The execution of our long-term succession plan, with Bill as president and Cliff as COO, ensures a seamless management transition and the continuity of the company’s culture.” Mr. Folliard, 51, has been with CarMax for 23 years and was promoted to president and CEO in May 2006. During his ten years as CEO, Mr. Folliard successfully led CarMaxthrough the company’s establishment as a national brand and a time of significant growth, during which its store base and total revenues more than doubled, and its net income quadrupled.

Mr. Nash, 46, was promoted to executive vice president, human resources and administrative services in 2012, where he oversaw human resources, information technology, procurement, loss prevention, employee health & safety and construction & facilities. He joined CarMax in 1997 as auction manager and was ultimately promoted to vice president of auction services. In 2007, Mr. Nash was promoted to vice president and later, senior vice president of merchandising, a position he held until 2011, when he was named senior vice president, human resources and administrative services. Before joining CarMax, Mr. Nash, a CPA, held a variety of accounting roles at Circuit City. “Bill Nash and I have worked together for nearly 20 years. He is a highly talented leader with experience in all aspects of our business and is the right choice to guide CarMaxthrough the next phase of our growth and development,” said Mr. Folliard.

Mr. Wood, 49, was promoted to executive vice president, stores in 2012, where he was responsible for all sales, service, merchandising, and business office functions. In 1993, he joined CarMax from Circuit City as a buyer in CarMax’s first location. Over time, he rose through the ranks in merchandising and ultimately led the group. Beginning in 2007, he served as vice president of sales. “We are fortunate to have another great leader in Cliff Wood,” said Mr. Folliard. “His breadth of experience and high level of operational expertise will continue to support CarMax’s competitive differentiation.”

“I would like to thank Tom for his vision and support over the years,” said Mr. Nash. “I am honored and excited to have this opportunity. We have an exceptional team of associates who have maintained the truly unique culture that has placed us on Fortune’s ‘100 Best Companies To Work For’ list for 11 consecutive years. Our associates continue to deliver a customer experience that is second to none.”

About CarMax
CarMax, a member of the Fortune 500 and the S&P 500, and one of the Fortune “100 Best Companies to Work For,” for 11 consecutive years, is the nation’s largest retailer of used vehicles. Headquartered in Richmond, Va., CarMax currently operates 155 used car stores in 77 markets. The CarMax consumer offer features low, no-haggle prices, a broad selection of CarMax Quality Certified used vehicles and superior customer service. During the fiscal year ended February 28, 2015, the company retailed 582,282 used vehicles and sold 376,186 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at www.carmax.com.

Forward-Looking Statements

We caution readers that the statements contained in this release about our future business plans, operations, opportunities or prospects, including without limitation any statements or factors regarding succession or organizational matters, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “predict,” “should,” “will” and other similar expressions, whether in the negative or affirmative. Such forward-looking statements are based upon management’s current knowledge and assumptions about future events and involve risks and uncertainties that could cause actual outcomes to differ materially from anticipated outcomes. Among the factors that could cause actual outcomes to differ materially from those contained in the forward-looking statements are the following:

  • Changes in the competitive landscape and/or our failure to successfully adjust to such changes.
  • Events that damage our reputation or harm the perception of the quality of our brand.
  • Changes in general or regional U.S. economic conditions.
  • Changes in the availability or cost of capital and working capital financing, including changes related to the asset-backed securitization market.
  • Changes in consumer credit availability provided by our third-party financing providers.
  • Changes in the availability of extended protection plan products from third-party providers.
  • Our inability to recruit, develop and retain associates and maintain positive associate relations.
  • The loss of key associates from our store, regional or corporate management teams or a significant increase in labor costs.
  • Security breaches or other events that result in the misappropriation, loss or other unauthorized disclosure of confidential customer or associate information.
  • Significant changes in prices of new and used vehicles.
  • A reduction in the availability of or access to sources of inventory or a failure to expeditiously liquidate inventory.
  • Factors related to the regulatory and legislative environment in which we operate.
  • Factors related to geographic growth, including the inability to acquire or lease suitable real estate at favorable terms or to effectively manage our growth.
  • The failure of key information systems.
  • The effect of various litigation matters.
  • Adverse conditions affecting one or more automotive manufacturers, and manufacturer recalls.
  • The inaccuracy of estimates and assumptions used in the preparation of our financial statements, or the effect of new accounting requirements or changes to U.S. generally accepted accounting principles.
  • Factors related to seasonal fluctuations in our business.
  • The occurrence of severe weather events.
  • Factors related to the geographic concentration of our stores.

For more details on factors that could affect expectations, see our Annual Report on Form 10-K for the fiscal year ended February 28, 2015, and our quarterly or current reports as filed with or furnished to the U.S. Securities and Exchange Commission. Our filings are publicly available on our investor information home page at investors.carmax.com. Requests for information may also be made to the Investor Relations Department by email to investor_relations@carmax.com or by calling 1-804-747-0422 ext. 4391. We undertake no obligation to update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

Source: CarMax, Inc.

CarMax, Inc.
Investors:
Katharine Kenny, Vice President, Investor Relations, (804) 935-4591
Celeste Gunter, Manager, Investor Relations, (804) 935-4597
or
Media:
pr@carmax.com, (855) 887-2915

Wegmans Charlottesville gets ready for its Fall opening; now now hiring and training full-time employees

CHARLOTTESVILLE, VA, 2016-Feb-03 — /EPR Retail News/ — Wegmans Food Markets is now hiring and training full-time employees for its new Charlottesville store, which is on track to open this fall. Available positions include everything from entry-level management to customer service, and culinary jobs such as line cooks and restaurant servers.

The store will employ approximately 550 people, 500 of whom will be hired locally. Of these, there are 200 full-time positions to be filled. Hiring for part-time positions will begin at a later date.

Full-time job applicants are invited to apply online now at www.wegmans.com/careers, or call 1-877-WEGMANS (934-6267) for more information. Wegmans will begin scheduling interviews at its Charlottesville hiring office in March. Applications are not accepted at the store or construction site, nor will interviews be conducted there.

Chris DePumpo, a 23-year Wegmans veteran and manager of the Charlottesville store, will oversee the hiring process. “Our employees tell us they like working for Wegmans because of flexible scheduling, competitive pay and benefits, the friendly atmosphere, and the opportunity to work for a company with a reputation they’re proud of,” said DePumpo.

Wegmans is a 100-year-old family-owned company that is widely recognized as an exceptional employer. For 18 consecutive years it has ranked high on FORTUNE magazine’s list of “The 100 Best Companies to Work For,” placing seventh in 2015.

“We’re known for providing an exceptional shopping experience because we’re committed to hiring enthusiastic people who are passionate about food and serving others,” said DePumpo. “Experience in the grocery business isn’t the most important thing. Soon after being hired, new employees receive top-notch training to learn the skills, service, and product knowledge needed for success.”

Wegmans Charlottesville is part of Fifth Street Station, a retail development at the intersection of Interstate 64 and Fifth Street. The 120,000 square-foot supermarket will include The Pub by Wegmans, a full-service family restaurant within the store, known for fresh, seasonal food and craft beer. The exterior of the building is currently under construction.

Wegmans operates seven stores in Virginia. The company is also planning to open new stores in Midlothian and Short Pump, Va. and Owings Mills, Md. in 2016.

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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:
Valerie Fox, Wegmans media relations coordinator, 585-720-5713

Ahold and Delhaize Group announce Extraordinary General Meetings on March 14, 2016

Zaandam, the Netherlands, 2016-Feb-03 — /EPR Retail News/ —  Ahold and Delhaize Group today announced that they have called Extraordinary General Meetings (EGM) for March 14, 2016 at which their respective shareholders will consider and vote on the proposal to approve the companies’ intended merger.

Ahold’s EGM will be held at Amsterdam RAI on March 14, 2016 at 14:00 hours CET. The Delhaize Group EGM will be held at the Proximus Lounge in Brussels on March 14, 2016 at 14.00 hours CET.

The EGM convocation documents and related materials have been published by Ahold and Delhaize on their respective websites at www.ahold.com and www.delhaizegroup.com.

Today, Ahold has also made publicly available the prospectus included in its F-4 registration statement, which has now been declared effective by the U.S. Securities and Exchange Commission (SEC), and its approved EU prospectus. These are required steps in the process of completing their merger. The prospectus in Ahold’s F-4 registration statement as well as the EU prospectus are available on Ahold’s and Delhaize’s respective websites.

Ahold’s F-4’s registration statement is a document required under U.S. law in connection with the intended merger between Ahold and Delhaize and, as part of the merger, the issuance of Ahold shares to holders of Delhaize ordinary shares and Delhaize American Depositary Shares in exchange for these securities.

The EU prospectus is required in connection with the admission to listing and trading of the Ahold ordinary shares on Euronext Brussels and the Ahold ordinary shares to be issued as part of the merger on Euronext Amsterdam.

On June 24, 2015, Ahold and Delhaize announced their intention to merge, creating an international retailer with more than 6,500 stores. The combined company, Ahold Delhaize, will bring together a portfolio of strong, trusted local brands and more than 375,000 associates serving more than 50 million customers each week in the United States and Europe.

Through its local brands, Ahold Delhaize will offer enhanced choice and value for customers, provide more compelling opportunities for associates and contribute even more to the local communities it serves. Additional information related to the merger is available at www.adcombined.com.

The transaction is expected to be completed in mid-2016, following associate consultation procedures, shareholder approval and regulatory clearances.

EGM 2016

Prospectus

Demerger

Read all about the Intended Merger

Cautionary notice

NO OFFER OR SOLICITATION
This communication is being made in connection with the proposed business combination transaction between Koninklijke Ahold N.V. also known as Royal Ahold (“Ahold”), and Delhaize Group NV/SA (“Delhaize”). This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or
subscribe for any securities or the solicitation of any vote or approval in any jurisdiction in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and applicable Dutch, Belgian and other European regulations. This communication is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction in which such release, publication or distribution would be unlawful.

IMPORTANT ADDITIONAL INFORMATION FILED AND TO BE FILED WITH THE SEC
In connection with the proposed transaction, Ahold has filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form F-4, which includes a prospectus. On January 28, 2016, the SEC declared the registration statement effective, and the prospectus will be mailed to the holders of American Depositary Shares of Delhaize and holders of ordinary shares of Delhaize (other than holders of ordinary shares of Delhaize who are non-U.S. persons (as defined in the applicable rules of the SEC)). INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT AHOLD, DELHAIZE, THE TRANSACTION AND RELATED MATTERS. Investors and security holders are able to obtain free copies of the prospectus and other documents filed with the SEC by Ahold and Delhaize through the website maintained by the SEC at www.sec.gov. In addition, investors and security holders are able to obtain free copies of the prospectus and other documents filed by Ahold with the SEC by contacting Ahold Investor Relations at investor.relations@ahold.com or by calling +31 88 659 5213, and are able to obtain free copies of the prospectus and other documents filed by Delhaize by contacting Investor Relations Delhaize Group at Investor@delhaizegroup.com or by calling +32 2 412 2151.

X5 Retail Group and Rus Food Foundation announce the preliminary results of the Basket of Kindness initiative

MOSCOW, 2016-Feb-03 — /EPR Retail News/ — X5 Retail Group, a leading Russian food retailer, and the Rus Food Foundation, Russia’s first food bank, are pleased to announce the preliminary results of the Basket of Kindness initiative to provide food support to disadvantaged families.

From August to December, over 2,500 customers in Moscow, St Petersburg, Perm and Tyumen donated more than 5 tonnes of food to low-income families through the 23 X5 stores involved in the project. The food was collected, packed and given to those in need by 300 in-store volunteers. A further 12 Basket of Kindness campaigns will be held in Moscow and other regions in 2016.

The most food was collected in Moscow in December, with around 1,200 kg from give Perekrestok stores and another tonne donated by Pyaterochka shoppers.

X5 donated a further 700 kg to support people in need in addition to customer purchases during the campaign on 2-14 December in Moscow and St Petersburg.

The Basket of Kindness project was launched in summer 2015, when X5 gave customers the opportunity to pay RUB 100 or RUB 200 toward food parcels to be given away to families in need. The parcels included affordable, high-quality foods with long shelf lives, such as cereal grains, sugar, pasta, tea, canned meat, biscuits and oil. X5 arranged for the food sets to be collected in Perm’s Karusel hypermarket, packed and handed over to the Rus Food Foundation to distribute among low-income families.

X5 became the first Russian retailer to collect and distribute food donations with its joint project with the Rus Food Foundation. Food banks in various countries collect thousands of tonnes of food via retail chains giving shoppers the opportunity to buy products to be given to people in need.

In 2016, X5 plans to continue working with the Rus Food Foundation to provide aid to low-income families. From February to December this year, 12 campaigns lasting from several days to one month will be held in the Pyaterochka, Perekrestok and Karusel chains in Moscow, St Petersburg, Lipetsk, Rostov, Krasnodar, Samara, Kazan, Yekaterinburg, Sochi and Nizhny Novgorod.

Photo reports showing how the donated food is given personally to those in need can be found on the Karusel and Perekrestok websites. For more information on how the food is donated, please contact the Rus Food Foundation.

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

As of 31 December 2015, X5 had 7,020 Company-operated stores. It has the leading market position in both Moscow and St. Petersburg and a significant presence in the European part of Russia. Its store base includes 6,265 Pyaterochka proximity stores, 478 Perekrestok supermarkets, 90 Karusel hypermarkets and 187 convenience stores. The Company operates 35 DCs and 1,561 Company-owned trucks across the Russian Federation.

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

X5’s Shareholder structure is as follows: Alfa Group – 47.86%, founders of Pyaterochka – 14.43%, X5 Directors – 0.06%, treasury shares – 0.02%, free float – 37.64%.

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

Whole Foods Market St. Paul to relocate at 1575 Selby Avenue on March 16

Grand Opening Celebration Planned for St. Paul Community

St Paul, MN, 2016-Feb-03 — /EPR Retail News/ — Whole Foods Market St. Paul invites the St. Paul community to come out Wednesday, March 16 and celebrate the Grand Opening of the new 45,231 square-foot location, 1575 Selby Avenue. The much-anticipated store will provide St. Paul shoppers with a new, larger store just down the street from the previous location.

To celebrate opening day, Whole Foods Market will host its version of a ribbon cutting called a “Bread-Breaking Ceremony” with Whole Foods Market Team Members and St. Paul neighbors beginning at 8:45 a.m. Doors open and shopping officially begins at 9 a.m. The first 500 customers through the doors will receive a Whole Foods Market Gift Card with a mystery value between $5 and $50, with one customer receiving a $500 gift card.

The original Whole Foods Market St. Paul at 30 Fairview Avenue South will close permanently Tuesday, March 15.

Michael Bashaw
President – Midwest Region
Michael Bashaw’s career with Whole Foods Market started 20 years ago as a Bread and Circus Team Member in the North Atlantic Region.

Baskin-Robbins to develop three new ice cream shops in Banning and Temecula, California

BRAND ALSO SEEKS OPERATOR FOR TURN-KEY FRANCHISE OPPORTUNITY AVAILABLE IN SAN DIEGO REGION

CANTON, MA, 2016-Feb-03 — /EPR Retail News/ — Baskin-Robbins, the world’s largest chain of ice cream specialty shops, announced today the signing of store development agreements with two franchise groups to develop three new ice cream shops in Banning and Temecula, Calif., over the next few years. Currently, there are more than 450 Baskin-Robbins shops located throughout California and growing the brand here remains a priority for the company in 2016.

New franchise group M DB Enterprises, LLC, led by husband-and-wife team Hemant and Hemlatta Bhakta, plans to develop one new ice cream shop in Banning. Hemant previously held several positions with Baskin-Robbins before deciding to open his own ice cream shop with his wife and two children. The new Banning location is planned to open at the end of this year.

“In 1978, I fell in love with Baskin-Robbins when I first tasted the Strawberry Shortcake Sundae as a customer,” said Hemant Bhatka, new Baskin-Robbins franchisee. “I’ve been a loyal guest ever since and chose to follow that passion in the early 90’s and become a member of the team. I’ve held various positions with the beloved brand over the past 20 years, and now I’m delighted to be opening a Baskin-Robbins ice cream shop of my own in Banning.”

Gary and Maria Yarbrough, existing Baskin-Robbins franchisees since 2011 and longtime San Diego residents, plan to develop two new ice cream shops in Temecula. Gary and Maria currently own and operate a Baskin-Robbins in Chula Vista and are developing a second location in the area, which is slated to open in April. Their first ice cream shop in Temecula is planned to open in 2017, with the second location following in 2018.

“After experiencing significant growth with our Baskin-Robbins ice cream shops in Chula Vista, my wife and I knew it was time to expand our portfolio with two additional locations,” said Gary Yarbrough, Baskin-Robbins franchisee. “We’re looking forward to bringing the brand’s fun and flavors to the local community in Temecula.”

To fuel additional growth throughout the state, Baskin-Robbins recently launched a new development strategy offering turn-key opportunities to individuals interested in becoming franchisees, but with an easier start. Baskin-Robbins has plans to develop a new 1,000 sq ft shop in the proposed Breakwater Town Center in Imperial Beach and is currently seeking a local entrepreneur interested in owning this location. By purchasing a ready-to-operate shop like this one, a franchisee can avoid the site selection and development phase, which is one of the many benefits of this development strategy.

“Our secret to continued growth includes passionate franchisees who provide a high-level of customer service to our guests every day, and we are thrilled the Bhaktas and Yarbroughs will be expanding our brand in Southern California,” said Grant Benson, CFE, vice president of global franchising and business development, Dunkin’ Brands. “As we continue to foster and grow our relationship with California ice cream lovers, we’re looking for motivated entrepreneurs who have a passion for their local communities to join our team and take advantage of these new turn-key opportunities.”

Baskin-Robbins Franchising Managers are eager to meet with qualified candidates interested in developing in the Los Angeles or San Diego areas. For additional information, visit the Baskin-Robbins franchising website or contact the Baskin-Robbins Franchising Team at franchiseinfo@baskinrobbins.com or 781-737-5530.

Baskin-Robbins combines delicious treats with a simple operating model. Franchisees enjoy convenient hours of operation, minimal equipment and little product waste. They also benefit from award-winning training programs and comprehensive operating systems designed to help build their business.

About Baskin-Robbins
Named the top ice cream and frozen dessert franchise in the United States by Entrepreneur magazine’s annual Franchise 500® ranking in 2015, Baskin-Robbins is the world’s largest chain of ice cream specialty shops. Baskin-Robbins creates and markets innovative, premium hard scoop ice cream and soft serve, custom ice cream cakes and a full range of beverages, providing quality and value to consumers at more than 7,600 retail shops in nearly 50 countries. Baskin-Robbins was founded in 1945 by two ice cream enthusiasts whose passion led to the creation of more than 1,300 ice cream flavors and a wide variety of delicious treats. Headquartered in Canton, Mass., Baskin-Robbins is part of the Dunkin’ Brands Group, Inc. (Nasdaq: DNKN) family of companies. For further information, visitwww.BaskinRobbins.com.

CONTACT INFORMATION

Name: Jenna Kantrowitz
Phone: 954-893-9150
Email: jkantrowitz@fish-consulting.com

Dunkin’ Donuts signs store development agreement with Panama City Donuts, LLC, to develop five new restaurants in New Orleans, Louisiana

LEADING COFFEE AND BAKERY CHAIN SEEKS FRANCHISEE CANDIDATES IN LAFAYETTE, LAKE CHARLES AND MONROE

CANTON, MA, 2016-Feb-03 — /EPR Retail News/ — Dunkin’ Donuts, America’s all-day, everyday stop for coffee and baked goods, announced today the signing of a multi-unit store development agreement with existing franchise group, Panama City Donuts, LLC, to develop five new restaurants in New Orleans, Louisiana. The first restaurant under the agreement is planned to open in 2017.

Led by Vik Patel, this team will manage and oversee the operations for each Dunkin’ Donuts restaurant. In August 2015, he signed an agreement to develop two new restaurants in Baton Rouge. Patel, a franchisee with Dunkin’ Donuts for ten years, currently operates 31 restaurants in Florida, two in Alabama and three in Louisiana. With this agreement, the group also purchased two existing restaurants in New Orleans.

“We are excited to expand the brand’s presence in New Orleans and play an important role in the daily lives of people who live, work and visit here,” said Vik Patel, Dunkin’ Donuts franchisee. “We have a passion and loyalty for the Dunkin’ Donuts brand and look forward to opening our restaurants in the years to come.”

Franchise opportunities remain available in Lafayette, Lake Charles and Monroe, Louisiana, as well as other states across the Southeast including Alabama, Arkansas, Mississippi and Tennessee. To help fuel additional growth in the market, special development incentives are available which include reduced royalty fees for three years and up to $5,000 in local store marketing support for timely openings.*

In an effort to keep the brand fresh and competitive, Dunkin’ Donuts offers flexible concepts for any real estate format including free-standing restaurants, end caps, in-line sites, gas and convenience, travel plazas, universities, as well as other retail environments.

“Our enthusiastic and dedicated franchisees contribute to our brand’s growth, which has helped solidify our position as one of the fastest growing brands by unit count in the quick-service restaurant industry,” said Grant Benson, CFE, vice president of global franchising and business development, Dunkin’ Brands. “We are thrilled that Vik and his team have chosen to expand in the Louisiana market, and know these new restaurants they are developing will satisfy a growing consumer demand in the New Orleans community.”

Dunkin’ Donuts’ new look includes four distinct restaurant design options for franchisees, each featuring variations in layout, color schemes, graphics, textures, furniture and/or lighting. The designs enhance the current restaurant appearance, environment and layout to serve people all day long. Unlike other quick-service restaurants, Dunkin’ Donuts allows franchisees to select individual elements from any of the four options, creating a restaurant design that reflects their personal tastes and preferences, and best serves their specific restaurant size and location.

Since the 1950s, Dunkin’ Donuts has been a daily ritual for millions of people and has offered guests delicious food, beverages and friendly service at a great value. Dunkin’ Donuts offerings include hot coffee, iced coffee, flavored coffees, lattes, macchiato, espresso, cappuccino, Dunkin’ Donuts K-Cup® pods, Coolatta® frozen drinks, donuts, muffins, bagels, breakfast and bakery sandwiches, and a DDSMART® menu featuring better-for-you items.

To learn more about Dunkin’ Donuts, visit www.DunkinDonuts.com or follow us on Facebook (www.facebook.com/DunkinDonuts) and Twitter (www.twitter.com/DunkinDonuts).

*Details available in the Dunkin’ Donuts Franchise Disclosure Document

About Dunkin’ Donuts
Founded in 1950, Dunkin’ Donuts is America’s favorite all-day, everyday stop for coffee and baked goods. Dunkin’ Donuts is a market leader in the hot regular/decaf/flavored coffee, iced coffee, donut, bagel and muffin categories. Dunkin’ Donuts has earned the No. 1 ranking for customer loyalty in the coffee category by Brand Keys for nine years running. The company has more than 11,500 restaurants in 40 countries worldwide. Based in Canton, Mass., Dunkin’ Donuts is part of the Dunkin’ Brands Group, Inc. (Nasdaq: DNKN) family of companies. For more information, visit www.DunkinDonuts.com.

CONTACT INFORMATION

Name: Jenna Kantrowitz
Phone: 954-893-9150
Email: jkantrowitz@fish-consulting.com

Rite Aid’s RediClinic and Aria Health partner to offer greater convenience, increased access and more affordable healthcare

Philadelphia, 2016-Feb-03 — /EPR Retail News/ — RediClinic, a leading operator of retail clinics, and Aria Health, the largest healthcare provider in Northeast Philadelphia and Lower Bucks County, announced today that they are entering into an alliance that will offer greater convenience, increased access and more affordable healthcare to residents of Northeast Philadelphia and Bucks County in Pennsylvania.

Through the arrangement, RediClinic and Aria Health will implement a variety of clinical integration initiatives to encourage and facilitate collaboration between RediClinic practitioners and Aria Health-affiliated physicians. The six RediClinics covered by the alliance, which will be co-branded with Aria Health, are located inside the following Rite Aid pharmacies:

• 1035 County Line Road, Huntingdon Valley
• 1 Summit Square, Langhorne
• 96 North Flowers Mill Road, Langhorne
• 7418-32 Oxford Avenue, Philadelphia
• 1860 Brownsville Road, Trevose
• 599 York Road, Warminster

“Since opening our first RediClinic in the greater Philadelphia area over just a year ago, we have been seeking ways to become more fully integrated into the existing healthcare delivery ecosystem,” said RediClinic CEO Web Golinkin. “We are excited about our new relationship with Aria Health because it will enable us to offer our patients access to a larger network of providers and a broader scope of services.”

“We are pleased to be working with RediClinic and Rite Aid, as it will enable Aria to expand access to care in our community and explore innovations in service delivery,” said Kathleen Kinslow, CRNA, EdD, MBA, president and CEO of Aria Health.

RediClinic currently operates clinics inside 18 Philadelphia-area Rite Aid pharmacies. The clinics are staffed by board certified nurse practitioners, who are trained and licensed to treat common conditions, and provide preventive services including screenings, medical tests, immunizations and basic physical exams, in collaboration with local physicians. Patients can be treated for more than 30 common medical conditions, and RediClinic clinicians are able to write prescriptions when appropriate. RediClinic also offers an innovative and acclaimed Weigh Forward® weight/lifestyle management program that is offered at all RediClinics and licensed to other providers.

As part of RediClinic’s commitment to offering high-quality, convenient and affordable healthcare, clinics are open seven days a week, and no appointments are necessary. To find the nearest RediClinic inside Rite Aid, visitwww.rediclinic.com.

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

RediClinic has given consumers easy access to high-quality, affordable healthcare since 1989. The company currently operates 35 clinics inside H-E-B grocery stores in Houston, Austin, and San Antonio, as well as 43 clinics inside select Rite Aid pharmacies in the greater Philadelphia, Baltimore/Washington D.C (including Virginia and Delaware) and Seattle areas. Since opening its first in-store clinic in 2005, RediClinic has successfully treated more than 1.9 million patients. In addition to treating common medical conditions and providing preventive care, the company’s acclaimed Weigh Forward® weight/lifestyle management program is offered in the company’s clinics and licensed to other providers. RediClinic is a wholly owned subsidiary of the Rite Aid Corporation. For more information about clinic locations, hours of operation, services and prices, visit www.rediclinic.com.

Aria Health is the largest healthcare provider in Northeast Philadelphia and Lower Bucks County. With three leading-edge community hospitals and a growing network of outpatient centers and physicians, Aria upholds a longstanding tradition of bringing advanced medicine and personal care to the many communities it serves. For more information about Aria Health, please visit www.ariahealth.org, “Like” Aria Health on Facebook at www.facebook.com/ariahealth and “Follow” Aria Health on Twitter at @AriaHealth.

                                                                                                                                               ###

Contact:

Media: Ashley Flower 717-975-5718

Rite Aid stores is all ready for Valentine’s Day with perfect gifts for that special loved one

Fresh Roses and Beautiful Bouquets Available in Many Stores Beginning Feb. 10

CAMP HILL, Pa., 2016-Feb-03 — /EPR Retail News/ — Valentine’s Day is around the corner and Rite Aid stores nationwide are ready to help customers celebrate the romantic holiday. Store shelves are stocked with gifts perfect for that special loved one including classic chocolate hearts, heartfelt greeting cards, fresh cut roses or bouquets, cuddly plush and love-inspired décor.

“Rite Aid’s 4,600 convenient locations, affordable prices and wide selection of Valentine’s Day items for any age, make it easy for shoppers to find the perfect gift for their special someone,” said Tony Montini, Rite Aid executive vice president of merchandising and supply chain. “Beginning February 10, Rite Aid will have a fresh cut red roses by the dozen or a beautiful bouquet of red, white and pink flowers, a Valentine’s Day staple, available in many stores starting at $19.99.”

Classic Chocolates
Available in a variety of s, Rite Aid carries a large selection of heart-shaped boxed chocolates from favorite brands including Russell Stover, Whitman’s and Dove. Choose from a variety of Hershey Kisses, red, white and pink M&M’s or fill the candy dish with decadent bite-d chocolates from Dove, Lindt and Ghirardelli. Share inspirational messages with your sweetheart with classic conversation heart candies or surprise them with a single chocolate rose or a Valentine’s Day plush with assorted chocolate. For the puppy love, classroom exchange kits containing cards and candy are also available in licensed favorites such as Frozen, Star Wars, Avengers and Minions.

Sign, Sealed and Delivered
Let Rite Aid help you express your feelings this Valentine’s Day with its wide variety of greeting cards from American Greetings, Papyrus and Recycled Paper Greetings. New this year from American Greetings, shoppers will find sweet cards featuring favorite Disney characters, perfect for their little loved ones. From sentimental, to playful, humorous, musical and heartfelt, Cupids are guaranteed to find a card to match their feelings from Rite Aid’s selection of contemporary, casual and bold designs.

Precious Plush
Make a statement this Valentine’s Day by surprising your significant other with the ever popular 51-inch cuddly, jumbo beige teddy bear. Or add to any gift a loveable plush by choosing from Rite Aid’s selection of TY Valentine’s Day Beanie Boos, heart-shaped pillows, animated dancing pink puppies, Be Mine bears and an assortment of adorable dogs, monkeys and bears.

Valentine’s Day Necessities
Part of celebrating this season involves being able to feel the love throughout the house. Rite Aid carries a nice selection of Valentine’s Day décor including heart-shaped wreaths, wall art, tabletop displays and gel clings. Or purchase a novelty item for a gift such as frames with sentimental sayings, tumbler cups, mugs, glass plaque with endearing proverbs or heart-shaped trinket box. To assemble the gifts, Rite Aid has a wide variety of Valentine’s Day gift bags and tissue paper.

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

# # #

Contact:

Media: Kristin Kellum 717-975-5713

Ingles Markets, Incorporated to webcast its first quarter earnings conference call on February 8, 2016

ASHEVILLE, N.C., 2016-Feb-03 — /EPR Retail News/ — Ingles Markets, Incorporated (NASDAQ: IMKTA) will provide an online, real-time webcast and rebroadcast of its first quarter earnings conference call on February 8, 2016. Ingles plans to release earnings for its first quarter ended December 26, 2015, on February 8, 2016.

The live broadcast of Ingles Markets’ quarterly conference call will be available on-line at:  www.ingles-markets.com on February 8, 2016 beginning at 9:00 a.m. (Eastern Time).  The online replay will follow immediately and continue for 90 days.  To hear the Company’s conference call live, dial 719-325-2361. A replay will be available from 12:00 p.m. (Eastern Time) on February 8, 2016 until 12:00 p.m. (Eastern Time) on February 16, 2016.  To listen to the playback, call 719-457-0820, reservation number 4624999.

About Ingles Markets, Incorporated
Ingles Markets, Incorporated is a leading supermarket chain with operations in six southeastern states. Headquartered in Asheville, North Carolina, the Company operates 201 supermarkets. In conjunction with its supermarket operations, the Company operates neighborhood shopping centers, most of which contain an Ingles supermarket. The Company also owns a fluid dairy facility that supplies Company supermarkets and unaffiliated customers. The Company’s Class A Common Stock is traded on The NASDAQ Stock Market’s Global Select Market under the symbol IMKTA. For more information, visit Ingles’ website www.ingles-markets.com.

Ingles Markets, Incorporated – Post Office Box 6676, Asheville, NC 28816 – http://www.ingles-markets.com

Morrisons announces its first price cut in 2016

‘Price Crunch’ is first in a rolling programme of price cuts in 2016

Bradford, England, 2016-Feb-03 — /EPR Retail News/ — Morrisons is to cut the price of 1,072 items with many of the reductions on fresh food, such as fruit and veg.

Morrisons Chief Executive David Potts said:

“We are cutting the prices of products that customers will welcome being cheaper at Morrisons and we are cutting every penny we can.

“We continue to listen carefully to customers and they have told us they want lower prices, particularly on fresh food and everyday essentials. As we improve our customers’ shopping trip we are becoming more competitive with our own distinct set of prices.”

The price cuts will be accompanied by a marketing campaign called ‘Price Crunch’ which will communicate the lower prices to customers through external and in-store advertising.

‘Price Crunch’ will be a rolling programme of lower prices, typically lasting a minimum of three months.

Morrisons is the UK’s second largest fresh food manufacturer and uniquely among the supermarkets, makes more than half of the fresh food it sells. It will be using its food manufacturing business to keep prices down.

Morrisons announces its first price cut in 2016

For further information please contact: Julian Bailey tel. 07969 061 092

About Morrisons
Morrisons is one of the UK’s biggest food retailers with 498 stores and we’re the only British supermarket to have our own food processing sites and abattoirs. We employ expert livestock buyers to pick animals straight from the farmer and we are unique in making almost a quarter of the food we sell in store ourselves, giving us unrivalled control over our supply chain.

We’re committed to supporting British farming, that’s why all Morrisons-branded fresh meat and everything on our butchers’ counters is 100% British. And we have more skilled specialists on hand to prepare more fresh food in store than any other retailer, with over 6,000 fully trained crafts people in our stores including butchers, bakers, fishmongers and cheesemongers.

Every week, over 11 million customers pass through our doors and more than 117,000 colleagues across the business work hard each day to deliver great service to them. Our aim is to give our customers more of what matters to them, offering great quality food at low prices.

SOURCE: Wm Morrison Supermarkets plc

EuroCIS 2016: Wincor Nixdorf presents new version of its modular software for retail companies TP.net 6.0

TP.net 6.0: Consistent data for customer touchpoints in all sales channels and for enterprise management at headquarters

Paderborn, GERMANY, 2016-Feb-03 — /EPR Retail News/ — Consumers expect retailers to offer them a consistently good shopping experience, no matter the channel. Whether “offline” in the shop itself or online in the web store and on the road with a smartphone – the same data and information must be available anytime, anywhere. To enable that, Wincor Nixdorf is presenting TP.net 6.0, a new version of its modular software for retail companies, at EuroCIS 2016. It delivers consistent and transparent ordering and shopping processes across all sales areas.

Click & collect, reserve & collect, instore ordering, return to store: Consumers now expect retailers to be able to provide these service functions that link brick-and-mortar and digital sales channels. However, such requirements often run up against technological obstacles in practice. That is because the IT structures of most retailers have evolved over time and are characterized by a large number of individual applications from different software developments. Integrating these systems via interfaces usually involves a lot of cost and effort and also entails the risk of downtimes.

Wincor Nixdorf solves this challenge by means of a modular, service-oriented platform concept: At EuroCIS 2016, Wincor Nixdorf is presenting TP.net 6.0, a functionally and architecturally optimized version of its comprehensive software solution for the optimization of store processes, analysis of business processes and omnichannel retailing. Modular means: TP.net and the other components of the TP Application Suite have been developed in accordance with the building block principle and can be integrated fully or partly in existing infrastructures. The software platform’s entire architecture, which has been optimized with the new release, is based on a clear business logic and aims towards real-time availability of consistent data, information and processes for all sales channels. The data from typical sources of information, such as stocks, cross-channel transaction data or customer information, is thus available in consistent form at the customer touchpoints at the stores (such as at traditional POS systems and self-checkouts, at kiosk terminals and on mobile devices like tablets), as well as for enterprise functions at the level of headquarters (via interfaces to the ERP system, e-commerce applications or CRM systems).

Thanks to this architecture and TP Application Suite’s individual software modules, such as TPOMM for standardizing merchandise management and ordering processes in online or stationary retail, or TPCustomer360 for selective, personalized addressing of customers in all channels, retail companies can adapt their processes specifically to their requirements and those of their customers.

The software platform with its individual applications thus enables:
•Consistent handling of identical business processes in different channels
•Extensive support for cross-channel customer service concepts
•A consistent customer experience with an innovative shopping experience across all sales channels.

With its new TP.net version 6.0, Wincor Nixdorf will showcase sample applications, processes and functionalities of its platform solution at EuroCIS 2016 (February 23 through 25, 2016, Düsseldorf Exhibition Center, Hall 9, Booth C26).

The mobile solutions and omnichannel solutions from Wincor Nixdorf will also be presented as part of the presentation program that accompanies the trade fair. Sabine Grün, Head of Retail Industry Marketing at Wincor Nixdorf, will give a talk on the subject of “Explore the store with mobile solutions”. Users will also talk about their experiences with Wincor Nixdorf solutions. Claude Gerber, Head of IT at Calida AG, will present the SAP Order Management solution Wincor Nixdorf has installed at the global clothing group. And a speaker of s.oliver will hold a presentation on the omnichannel concepts of the international fashion company.

Press Contact

Press/Financial Press

Andreas Bruck
Head of Corporate Communications
Phone: +49 5251 693 5200
E-Mail: andreas.bruck@wincor-nixdorf.com

Press/Trade Press

Dr. Thomas Daubenbüchel
Head of Press and Editorial Office
Phone: +49 5251 693 5212
E-Mail: thomas.daubenbuechel@wincor-nixdorf.com

Ulrich Nolte
Phone: +49 5251 693 5211
E-Mail: ulrich.nolte@wincor-nixdorf.com

Trade Press

Claudia Wendorff-Goerge
Phone: +49 5251 693 5203
E-Mail: claudia.wendorff-goerge@wincor-nixdorf.com

Best Buy supports National TV Safety Day with tips to avoid TV tip-over accidents

Richfield, MN, 2016-Feb-03 — /EPR Retail News/ — More than 100 million people will turn on their televisions Sunday to watch the big football game.

As you’re gearing up to join them, we want to help keep your home safe from a potential danger: TV tip-overs.

A child visits an emergency room every 45 minutes because of an injury from a television tipping over, according to a U.S. Consumer Product Safety Commission report.

Here are five things to know about preventing TV tip-over accidents:

  • It’s all about the stand. Always place your television on sturdy, level, low-to-the-floor, right-sized furniture designed for holding a TV.
  • Mount it. The safest way to secure a flat-screen TV is by mounting it to the wall according to the manufacturer’s instructions. If you have an older television or aren’t able to mount it, think about using an anti-tip strap or bracket.
  • Keep kids off. Never let kids climb on your TV or the furniture holding it. A dresser can look like stairs when the drawers are pulled out. If children see it, they will climb it.
  • Control the cords. Unruly cords can be a tripping or tipping hazard. Secure or hide cords so they can’t be easily grabbed.
  • Recycle that dinosaur. When you buy a new television, think about recyclingthe old one instead of putting it somewhere else in your home.

At Best Buy, we are proud to support National TV Safety Day, a collaboration of Safe Kids Worldwide and the Consumer Technology Association. We recently created this new Geek Squad Tech Tip video to help educate consumers about preventing TV tip-overs.

If you have questions about installing your television or making sure it’s secured safely, check out all the services that Geek Squad offers.

For more Best Buy Corporate Responsibility news, visit our website and follow us on Twitter: @BestBuyCSR.

 

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Best Buy supports National TV Safety Day with tips to avoid TV tip-over accidents

Best Buy supports National TV Safety Day with tips to avoid TV tip-over accidents

Best Buy introduceS changes in its in-store recycling program

Richfield, MN, 2016-Feb-03 — /EPR Retail News/ — This week we introduced changes in our in-store recycling program that allow us to continue to provide this service for our customers.

We are now charging customers $25 for each TV and computer monitor they recycle at our stores. And in two states – Illinois and Pennsylvania – we are no longer recycling these particular products because of laws that prevent us from collecting fees to help run our program. All other products – such as batteries, ink cartridges, computers, printers and hundreds of other items –   continue to be recycled for free at all of our stores.

Since 2009, Best Buy has voluntarily operated the most comprehensive e-waste recycling service in the United States. We remain an industry leader and the only national retailer to provide this service. We are fully committed to being a convenient local resource for people to safely dispose of their consumer electronics and appliances. From time to time, though, we will make changes to ensure the service itself is sustainable, including charging fees to recycle certain products for which recycling costs have risen sharply. And we will continue to work closely with the consumer electronics industry to develop more and better recycling options.

Our goal has always been to simply break even on our recycling program, and we’re not there today. The new fees will help cover the increasing cost of managing TV and monitor disposal through our network of stores, distribution centers and recycling partners. E-waste volume is rising, commodity prices are falling and global outlets for recycled glass, a key component of TVs and monitors, have dramatically declined. More and more cities and counties have cut their recycling programs for budget reasons, limiting consumer options even further. While providing recycling solutions for our customers is a priority, Best Buy should not be the sole e-cycling provider in any given area, nor should we assume the entire cost.

We are particularly disappointed that we can no longer help our customers in Illinois and Pennsylvania with TV and monitor recycling simply because these state laws restrict retailers from operating recycling programs where nominal fees are charged to help offset rising costs.  Customers in these states can continue to recycle hundreds of other products free at our stores, as well as take advantage of in-home haul-away options for their TVs and large appliances.

For more information about the items Best Buy accepts for recycling, visit BestBuy.com/Recycle. If we’re unable to accept your product, call 1-800-RECYCLING (800-732-9254) for other local recycling options.

Laura Bishop is Best Buy’s Vice President of Public Affairs & Sustainability. 

SOURCE: Best Buy

LIMITED by NAME IT rebrands to LMTD will target tweens and teens

BRANDE, Denmark, 2016-Feb-03 — /EPR Retail News/ — For a couple of years, LIMITED by NAME IT has created collections for children aged 4 to 10 years. But now LMTD (which is the new name) will target tweens and teens aged 10 to 16 with a changed design focus.

“We work with fashion and also with lifestyle and trends. For a while it has been clear to us that tweens are an independent group of young people who are really tired of being placed in the same fashion context as their younger siblings,” explains Helle Schmidt Hansen, Marketing Manager at NAME IT.

Children are inspired by adults
Tweens tend to look at adults for fashion inspiration which makes it even more relevant for LMTD to focus on trends from the adult fashion universe.

“We see a group of young people who are very much present on the social media and who are extremely fashion-forward,” says Anne Have, Design Manager at NAME IT. She continues: “These young people demand another trend closeness than their younger siblings. Fashion is a huge part of their self-realisation, and they know exactly what they want. This group of boys and girls know the micro trends as well as the main tendencies in today’s fashion.”

Market potential
There is great market potential for LMTD, but the focus is not on creating adult fashion in children’s sizes; instead LMTD wants to focus on uniting trends, tendencies and fashion-consciousness with quality and comfort.

“We know for a fact that there is room for LMTD in both wholesale and retail as we see a gap in the market for this target group,” Helle Schmidt Hansen finishes.

LMTD is also represented at BESTSELLER’s own fashion fair, BESTSELLER UNITED CPH, during Copenhagen Fashion Week this week.

SOURCE: BESTSELLER

Corporate Communication
Phone: +45 99 42 16 62
E-mail: communications@bestseller.com

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LIMITED by NAME IT rebrands to LMTD will target tweens and teens
LIMITED by NAME IT rebrands to LMTD will target tweens and teens

Co-op Food strengthens its acquisitions team with three senior appointments

MANCHESTER, England, 2016-Feb-03 — /EPR Retail News/ — The Co-op Food’s Property team has stepped up its recruitment drive, making three senior appointments to support its ambitious plans for growth in 2016 and beyond.

The new Lead Regional Acquisitions Managers – James Harrison, David McQuaker and Simon Finlay – join the Co-op’s 20-strong Acquisitions team, and will play a key role in delivering the business’s vision of opening around 100 new stores in 2016.

James will be covering central England, David will lead on Scotland and the north of England and Simon is focussing on the South. Together they have around 55 years’ experience in the retail property sector and have worked for some of the UK’s leading retail businesses, including William Hill, Morrisons and Tesco.

Simon Finlay said: “The Co-op is a truly special business with a rich history and unique commitment to local communities, but what really drew me to the role was the size of the opportunity. We delivered nearly 100 convenience stores last year, far more than any other retailer, and to be part of such a big acquisitions program is very exciting. I’m looking forward to seeing what this year brings.”

Rob Bignold, Head of Acquisitions and New Store Development, said: “We are delighted that Simon, David and James have joined the team. Whilst other retailers are scaling back their expansion plans, the Co-op continues to expand to meet consumer demand. Our new store programme has really started to gain momentum now, and these three bring the skills and experience we need to realise our vision to be the number one convenience store operator in the country.”

The Co-op is actively seeking freehold or leasehold sites of up to 10,000 square foot gross and businesses with net sales areas of over 1,500 square foot. In return, landlords, developers and agents can expect competitive rent and terms and a quick response.

To find out more about the team, visit our website.

SOURCE: Co-operative Group Limited

The Co-operative Corporate media contacts
Russ Brady
Head of Group PR
Landline: 0161 767 4295
Mobile: 07880 784 442
Email: russ.brady@co-operative.coop

Harris Teeter to kick-off 2016 Scouting for Food drive to benefit Loaves & Fishes, from Feb. 6, through 14, 2016

Matthews, N.C., 2016-Feb-03 — /EPR Retail News/ — Saturday, Feb. 6, 2016 through Sunday, Feb. 14, 2016, Harris Teeter will be collecting non-perishable food items in all of its Mecklenburg County stores to benefit Loaves & Fishes, a food pantry program which provides a week’s worth of nutritious groceries at no cost to individuals and families who are experiencing a crisis.  The food drive in Harris Teeter stores will supplement the Mecklenburg County Boy Scouts’ Scouting for Food drive held on Feb. 6.

The 2015 Scouting for Food drive collected a record 264,000 pounds of food for Loaves & Fishes. Last year alone, Loaves & Fishes was able to provide a week’s worth of groceries to almost 72,000 people in Mecklenburg County. According to Loaves & Fishes, priority needs for 2016 include: canned meat, canned pastas, cereal, canned fruit and 100% fruit juice.

There are three ways to participate…
1. Visit Harris Teeter stores in Mecklenburg County, Feb. 6 – 14 and drop-off donations in the Scouting for Food collection barrels found in the lobby.

2.  If you received a grocery bag from the Mecklenburg County Boy Scouts, fill it with non-perishable food items and leave it outside your home for pick-up Saturday, Feb. 6.

3. Drop-off food donations at eight convenient locations throughout Charlotte on Feb. 6, 10 a.m.- 4 p.m. or Feb. 7, 12:30 p.m.-2:30 p.m.
The locations are:

Arboretum Shopping Center – Providence Rd. & Highway 51, Charlotte
Bethel Presbyterian Church – 19920 Bethel Church Rd., Cornelius
Huntersville United Methodist Church – 14005 Stumptown Rd., Huntersville
Mulberry Presbyterian Church – 5600 Tuckaseegee Rd., Charlotte
Philadelphia Presbyterian Church – 11501 Bain School Rd., Mint Hill
Sharon United Methodist Church – 4411 Sharon Rd., Charlotte
Town Center Plaza – 8600 University City Blvd., Charlotte
Trinity Presbyterian Church – 3115 Providence Rd., Charlotte

SOURCE: Harris Teeter, Inc.