Morrisons to provide wholesale supply service to Amazon

Bradford, England, 2016-Feb-29 — /EPR Retail News/ — Morrisons and Amazon are today announcing a new supply agreement. In the coming months, hundreds of Morrisons products will be available to Amazon Prime Now and Amazon Pantry customers. Morrisons will provide a wholesale supply service to Amazon, allowing Amazon’s customers access to a wide range of Morrisons ambient, fresh and frozen products.

We are focussed on our six priorities to make the supermarkets strong again. In addition, we have an opportunity to build a broader business that complements our supermarkets and is consistent with our commitment to pursue capital light growth. Wholesale supply enables this by growing volumes and leveraging our manufacturing, distribution and wholesale capabilities.

David Potts, Chief Executive, said of the Amazon agreement:

“Today’s agreement is built on Morrisons unique strengths as a food maker. The combination of our fresh food expertise with Amazon’s online and logistics capabilities is compelling.

“This is a low risk and capital light wholesale supply arrangement that demonstrates the opportunity we have to become a broader business. We look forward to working with Amazon to develop and grow this partnership over the coming months.”

In addition, Morrisons has been in discussions with Ocado to grow Morrisons.com and an agreement in principle has been reached. This involves Morrisons taking space in Ocado’s new Customer Fulfilment Centre (“CFC”) in Erith, and Ocado delivering a store pick solution for Morrisons that leverages Ocado’s technology and Morrisons store assets. When implemented, this would enable Morrisons.com, working with Ocado, to sell to customers all over Great Britain.

This amended agreement is subject to detailed terms being agreed and will only proceed if it enables Morrisons to achieve profitable growth online. There can be no certainty that an agreement will be concluded.

Media contact
For all media enquiries call 0845 611 5111
Available 24 hours

Wincor Nixdorf to provide 600 ATMs and maintenance to Algérie Poste for 10 years

Paderborn, Germany, 2016-Feb-29 — /EPR Retail News/ — With some 18 million customers, Algérie Poste is the market leader for financial services in the North African country of Algeria. The postal company has now concluded a contract with Wincor Nixdorf comprising the delivery of 600 ATMs and maintenance for a period of 10 years.

Installation of the 600 new ProCash 285 ATM systems will be carried out over the next 18 months. Currently, some 2,000 ATMs are in use throughout Algeria, with the majority operated by the post office. These new systems mean the state-run postal company will expand its market leadership since with them it will operate around 80 percent of all ATMs in the country. “This new contract has helped Wincor Nixdorf significantly expand its previous market share of 52 percent in the Algerian ATM market,” says Ibn Eddine Gherdis, Head of Banking Division at Wincor Nixdorf Algérie.

“As the market leader, we are also expected to exert technology leadership in our country,” points out Rachid Benazouz, who heads Electronic Payments and Postal Finance Services. “Digitalization is currently the number one objective at Algérie Poste,” he adds. That’s why the ATMs will not only offer basic functions such as cash withdrawals and balance inquiries but also options for direct marketing and cell phone top-ups.

About a quarter of the 600 new ATMs will be used to replace outdated systems; the rest are new additions. “We want to increase the proximity to our 18 million customers,” Benazouz says. “This broader ATM presence is part of the supply mandate we have to fulfill as a state-run company.” The new locations are mainly found in post office branches, but Algerians will also be able to use Algérie Poste ATMs at shopping centers, university campuses and large school facilities.

Only a few months ago, the company awarded Wincor Nixdorf an order to equip its service counters with peripherals.

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

Philippines: SM Investments Corporation approves merger of SM Retail Inc. with several related retail companies

Pasay City, Philippines, 2016-Feb-29 — /EPR Retail News/ — Today the Board of Directors of SM Investments Corporation (SM) approved the merger of its retail arm, SM Retail Inc. (SM Retail) with several related retail companies.

The related companies operate leading local retail chains including Ace Hardware, SM Appliance Center, Homeworld, Our Home, Toy Kingdom, Watsons, Kultura, Baby Company, Sports Station and several other specialty stores. Together they operate 1,374 outlets and in 2015 delivered total revenues of PHP 53 billion.

The merger will complement the existing retail portfolio of SM Retail Inc., which includes 53 SM department stores, 44 hypermarkets and 213 supermarkets as well as majority stakes in the local operations of Alfamart, Forever21, Crate & Barrel and other specialty and apparel retailers in addition to a minority stake in Uniqlo.

The combined entity will have 1,927 outlets and 2.4 million sqm of gross floor area across a diverse portfolio of food, household appliances, DIY, furniture, apparel, footwear, pharmaceuticals/cosmetics and specialty retailing stores. The portfolio will serve a wide range of Filipino consumer needs in both staple and discretionary goods categories and will continue to leverage extensive synergies across the SM group.

Post-merger, SM will own 77.3% of the enlarged SM Retail Inc.

“The merger adds both greater diversity and a more extensive footprint to SM Retail’s portfolio and is consistent with our goal of simplifying our corporate structure. It is similar to the consolidation we undertook in 2013 to create our large-scale, mixed-use property business. As a result, SM Retail will be even better positioned to address the growing needs of Filipino consumers and we expect the merger to be accretive to SM Retail earnings in future years,” said Harley Sy, President of SM.

# # #

About SM Investments Corporation
SM Investments Corporation, founded by entrepreneur Henry Sy, Sr. is the country’s largest publicly listed holding company with a sustainable group of businesses that thrives on leadership, innovation and the synergies of its banking, property and retail operations. SM has evolved into one of the most highly respected companies in the country owing to its progressive approach in business and its comprehensive sustainability programs for its host communities through SM Foundation and SM Cares.

SM’s retail operations enjoy a strong brand franchise consisting of non-food under THE SM STORE and food under SM Markets consisting of SM Supermarket, SM Hypermarket, and Savemore as well as Waltermart and Alfamart stores. SM’s property arm, SM Prime Holdings, Inc., is among the largest integrated property developers in the Philippines with interests in malls, residences, offices, hotels and convention centers as well as tourism-related property development. SM’s interests in banking are in BDO Unibank, Inc. (BDO), the country’s largest and in China Banking Corporation (China Bank), the fifth largest private bank. Combined, these two banks have a network of over 1,000 branches nationwide.

For further information, please contact:

Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
E-mail: cora.guidote@sminvestments.com
Tel. No. (632) 857-0117
www.sminvestments.com

Philippines: SM Investments Corporation report 13% growth in recurring net income in 2015

Pasay City, Philippines, 2016-Feb-29 — /EPR Retail News/ — SM Investments Corporation (SM) reported a 13% growth in recurring net income in 2015. Consolidated net income stood at PHP28.4 billion in 2015, posting the same level as last year. Consolidated revenues grew 7% to PHP295.9 billion for the period.

“Our strong underlying earnings growth in 2015 was due to favorable domestic market conditions and improved efficiencies which helped us widen our margins particularly in retail and property,” SM President Harley T. Sy said.

SM’s underlying earnings increase was driven by a 17% growth in retail earnings, 14% growth in property recurring net income and 10% growth in bank net income. For 2015, banks accounted for 40% of SM’s consolidated earnings, property 38% and retail 22%.

Retail
Retail operations under SM Retail Inc., which consist of both food (SM Markets) and non-food (THE SM STORE), reported sustained growth in total sales of 7% to PHP211.4 billion, while net income rose 17% to PHP6.8 billion.

SM Markets, which consist of the brands SM Supermarket, SM Hypermarket and Savemore, continued to expand in both urban and rural communities in various parts of Luzon, Visayas and Mindanao. The group added 31 new stores, most of which are standalone Savemore stores.

SM Markets today follows a multi-format growth strategy to address the lack of organized retail in many parts of the country, largely diversifying from its previous strategy of operating anchor stores in malls.

SM Markets also recently invested in the minimart business with Alfamart, a highly successful minimart operator in Indonesia, and forged partnerships with WalterMart and Citymalls to further facilitate its provincial growth. Acquisition of existing chains of stores is another part of its growth strategy, the latest of which was the acquisition of three stores of Cherry Foodarama.

Last year, THE SM STORE opened three stores in San Mateo, Rizal; Cabanatuan, Nueva Ecija and Seaside Mall in Cebu City. As of 2015, the total net selling area of all 53 SM STOREs stood at 471,000 sqm. In 2015, top British department store chain John Lewis opened its first shop-in-shop in SM Makati which offers a wide range of home products.  American home retailer Crate & Barrel also opened its flagship store in SM Makati last year.

At end-December 2015, SM Retail had a total of 310 stores, comprising 53 THE SM STORES, 45 SM Supermarkets, 44 SM Hypermarkets, 136 Savemore stores and 32 WalterMart stores.

Banking
BDO Unibank, Inc. (BDO) recorded net interest income growth of 11% to PHP57.0 billion in 2015, with net income up 10% to an all-time high of PHP25.0 billion.

Gross customer loans grew 17% to PHP1.3 trillion and total deposits rose by 12% to PHP1.7 trillion.

The year end results reflected the completion of BDO’s acquisition of One Network Bank, the largest rural bank in Mindanao, in July. ONB has 98 active branches. The acquisition of ONB expands the regional presence of BDO in the country, particularly in its target market in the southern Philippines and opens up business lines for BDO.

China Banking Corporation (China Bank) reported net interest grew 7% to PHP15.1 billion, with net income higher by 10% to PHP5.6 billion on the back of sustained growth in core business operations.

Property
SM Prime Holdings, Inc., SM’s property holding firm said its recurring net income grew 14% in 2015 to PHP20.9 billion. Consolidated net income increased 54% to PHP28.3 billion  which includes a PHP7.4 billion trading gain on marketable securities booked in the first quarter.

Consolidated revenues rose 8% to PHP71.5 billion last year. Rental revenues from malls and commercial spaces increased by 12% to PHP40.7 billion in the period. The housing group’s reservation sales grew by 12% to 14,390 units. For the period, the housing group’s net income increased 8% to PHP5.1 billion.

To date, SM Prime has a total of 56 Malls in the Philippines with total retail space of 7.3 million square meters. This includes SM Seaside City Cebu, SM Center Sangandaan, SM Cherry Shaw, SM City Cabanatuan, SM City San Mateo and SM Megacenter Cabanatuan. In China, SM Prime has six shopping malls with a GFA of 0.9 million sqm including the recently opened SM City Zibo. Taking into account both Philippine and China malls, SM Prime’s total retail space is at 8.3 million sqm.

SM Prime presently has 27 residential projects in the market, 25 of which are in Metro Manila and two in Tagaytay. For 2016, SM Development Corporation will launch between 11,000 to 14,000 units in Quezon City, Bicutan and Sucat in Paranaque, Las Piñas and Pasay at the Mall of Asia Complex. SM Prime is also set to launch new mixed-use developments in Bulacan, Pampanga and Cavite.

Currently, the Commercial Properties Group has five office buildings with an estimated gross floor area of 318,000 sqm. ThreeE-Com and FourE-Com Centers are under construction and scheduled for completion in 2017 and 2019, respectively. For hotels and convention centers, the 347-room Conrad Hotel Manila is expected to open in the second half 2016 which is seen to further enhance the value of the properties within the whole Mall of Asia (MoA) Complex.

Balance Sheet
As of end 2015, total assets of SM grew 8% to PHP771.2 billion. SM maintains a healthy balance sheet with a conservative gearing ratio of 36% net debt to 64% equity.

# # #

About SM Investments Corporation
SM Investments Corporation, founded by entrepreneur Henry Sy, Sr. is the country’s largest publicly listed holding company with a sustainable group of businesses that thrives on leadership, innovation and the synergies of its banking, property and retail operations. SM has evolved into one of the most highly respected companies in the country owing to its progressive approach in business and its comprehensive sustainability programs for its host communities through SM Foundation and SM Cares.

SM’s retail operations enjoy a strong brand franchise consisting of non-food under THE SM STORE and food under SM Markets consisting of SM Supermarket, SM Hypermarket, and Savemore as well as Waltermart and Alfamart stores. SM’s property arm, SM Prime Holdings, Inc., is among the largest integrated property developers in the Philippines with interests in malls, residences, offices, hotels and convention centers as well as tourism-related proprty development. SM’s interests in banking are in BDO Unibank, Inc. (BDO), the country’s largest and in China Banking Corporation (China Bank), the fifth largest private bank. Combined, these two banks have a network of over 1,000 branches nationwide.

For further information, please contact:

Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
E-mail: cora.guidote@sminvestments.com
Tel. No. (632) 857-0117
www.sminvestments.com

PetSmart and the Arizona Diamondbacks to create the first-ever season-long dog-friendly ballpark

  • Left-Center Field “PetSmart Patio” Seats People and Dog Fans during “Dog Days of Summer,” Covering 13 Home Games, Launching April 10
  • Perfect for Pet Parents to Enjoy America’s Favorite Pastime with Their Best Friends

PHOENIX, 2016-Feb-29 — /EPR Retail News/ — PetSmart, Inc. and the Arizona Diamondbacks are teaming up to create the first-ever season-long dog-friendly ballpark with a dedicated new PetSmart Patio, PetSmart Park and the Dog Days of Summerprogram, where dog-loving fans can bring their dogs to all 13 Sunday D-backs home games in the 2016 season. Pet parents will be able to enjoy America’s favorite pastime with their best friends at Chase Field with exclusive seating, a grassy play area nearby, and the PetSmart adoption spot that will feature adoptable dogs ready to find their forever homes among the D-backs’ fan base.

“We are seeing more and more establishments open up their facilities to pets – whether it’s coffee shops, retail stores, hotels or restaurants. We at PetSmart truly value the time pet parents spend with their beloved pets, and we want to help enrich the experiences they share together – including a baseball game,” said Eran Cohen, chief customer experience officer, PetSmart, Inc. “PetSmart’s home office is based right here in Phoenix, and we are thrilled to partner with the D-backs, our hometown team, on this first-ever ballpark experience with a season-long, dedicated space so fans can enjoy a Sunday ball game with their best friends or even expand their families through pet adoption.”

The PetSmart Patio will be located along the main concourse behind the left-center field wall. The patio area will feature a family-friendly atmosphere with multi-tiered seating that is perfect for groups of humans and canines of various sizes. For each of the 13 Dog Days of Summer held at the D-backs’ Sunday home games, pets can enjoy concessions such as dog-friendly ice cream with toppings like kibble and other pet treats. As part of the Dog Days of Summer ticket package, pet parents will also receive a PetSmart “Doggie Bag,” complete with free items from PetSmart.

Directly behind the PetSmart Patio will be the PetSmart Park – an outdoor and indoor (air conditioned) dog park so even in the heat of the summer dogs can run around and play. The outdoor park will feature a baseball theme complete with a baseball diamond and a grassy outfield – perfect for dogs to explore, play ball with other dogs or find their perfect “spot” to go to the bathroom.

“We are excited to create a unique dog-friendly area of our ballpark and can think of no better way than to partner with Phoenix-based PetSmart,” said D-backs president and chief executive officer, Derrick Hall. “Bark at the Park has always been a popular event at Chase Field, and now we are thrilled to offer fans the opportunity to bring their dogs to our games every Sunday to a new destination designed specifically for them. For many households a pet is an extension of their families and the D-backs are excited to partner with PetSmart to provide a family-friendly atmosphere for all family members, including our canine friends.”

Dog Days of Summer ticket packages are available now for purchase and include a semi-private space with all the necessities for four people and one dog. Each of the 13 home games will feature an MVP — Most Valuable Pup – shout out. Dog adoptions will be a part of the PetSmart Dog Days of Summerprogram with the help of PetSmart Charities’™ and PetSmart’s local animal adoption partners. As one of the nation’s leaders in pet adoption efforts, PetSmart, along with PetSmart Charities, PetSmart Charities of Canada and its more than 3,000 local animal welfare partners across North America together found forever homes for more than 500,000 dogs and cats in 2015 – a record-breaking year.

The first Dog Days of Summer Sunday home game is April 10 when the D-backs take on the Chicago Cubs.

Play ball!

For more information and to purchase tickets for Dog Days of Summer call 602-462-4600.

About PetSmart
PetSmart, Inc. is the largest specialty pet retailer of services and solutions for the lifetime needs of pets. At PetSmart, we love pets, and we believe pets make us better people. Every day with every connection, PetSmart’s passionate associates help bring pet parents closer to their pets so they can live more fulfilled lives. This mission impacts everything we do for our customers, the way we support our associates, and how we give back to our communities. We employ approximately 53,000 associates, operate approximately 1,433 pet stores in the United States, Canada and Puerto Rico and approximately 202 in-store PetSmart® PetsHotel® dog and cat boarding facilities. PetSmart provides a broad range of competitively priced pet food and pet products and offers dog training, pet grooming, pet boarding, PetSmart Doggie Day Camp day care services and pet adoption services in-store. Our portfolio of digital resources for pet parents – including PetSmart.comPetFoodDirect.comPet360.com and petMD.com – offers the most comprehensive online pet supplies and pet care information in the U.S. Through our in-store pet adoption partnership with independent nonprofit organizations, PetSmart Charities™ and PetSmart Charities™ of Canada, PetSmart helps to save the lives of more than 450,000 homeless pets each year. In addition, PetSmart supports organizations that make communities a better place to call home through our philanthropy program, PetSmart Gives Back™. By giving back to the communities where we live and work, PetSmart not only celebrates the power of pets to enrich people’s lives—we live it.

Follow PetSmart on Twitter: @PetSmart
Find PetSmart on Facebook: www.facebook.com/PetSmart
See PetSmart on YouTube: www.YouTube.com/PetSmart

Contacts:

Danielle Bickelmann
Golin for PetSmart
972-341-2503
dbickelmann@golin.com

PetSmart Media Line
623-587-2177

D-backs Communications
602.462.6519
Katie Krause
210.279.6793

Harris Teeter to run in-store donation card campaign to benefit the Muscular Dystrophy Association during the month of March

Company to Sell $1, $3, $5 Cards at Checkout

MATTHEWS, N.C., 2016-Feb-29 — /EPR Retail News/ — During the month of March, Harris Teeter will host an in-store donation card campaign to benefit the Muscular Dystrophy Association (MDA). Cashiers in each Harris Teeter store will ask shoppers and associates to purchase a $1, $3, and $5 “Be Their Strength” donation card. The sales of the donation cards will directly benefit MDA in raising funds to continue its mission of finding treatments and cures for neuromuscular diseases, including ALS and other related life-threatening diseases.

Thanks to generous contributions from Harris Teeter customers and associates in the 2014 donation card campaign, the company donated over $570,000 to MDA.

“Each donation card sold is a symbol of strength, independence and life for kids and adults with life-threatening diseases who count on MDA to find answers and provide support,” said Leanne Greco, MDA Divisional Director.  “Thanks to the generosity of Harris Teeter associates and shoppers, we can help MDA invest in lifesaving research and support programs for these individuals so they can live the life they’ve always imagined and experience the world without any limits.”

Shoppers and associates can donate both in-store and through Harris Teeter’s online shopping tool, expresslane, now through March 31, 2016.

To learn more about Harris Teeter’s commitment to help MDA in the fight against neuromuscular disease, please click here.  Shoppers who would like more information about MDA can visitwww.mda.org.

About MDA
MDA is leading the fight to free individuals, and the families who love them, from the harm of muscular dystrophy, ALS and related muscle-debilitating diseases that take away physical strength, independence and life. MDA uses their collective strength to help children and adults live longer and grow stronger by finding research breakthroughs across diseases; caring for individuals from day one; and empowering families with services and support in hometowns across America.

SOURCE:  Harris Teeter, Inc.

 

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Harris Teeter to run in-store donation card campaign to benefit the Muscular Dystrophy Association during the month of March

Harris Teeter to run in-store donation card campaign to benefit the Muscular Dystrophy Association during the month of March