Toys“R”Us FY 2015: 25% improvement of the consolidated Adjusted EBITDA over the prior year

Consolidated same store sales grew by 2.3% for the quarter and 0.9% for the full year; Fiscal 2015 SG&A expense reduction of $322 million resulted in the lowest full year SG&A since 2006; Full year consolidated Adjusted EBITDA1 of $800 million, a 25% improvement over the prior year; Consolidated Net Leverage2 for fiscal 2015 of 5.0x, a reduction of 1.3x

WAYNE, NJ, 2016-Mar-14 — /EPR Retail News/ —  Toys“R”Us, Inc. today reported financial results for the fourth quarter and full year of fiscal 2015 ended January 30, 2016.  Consolidated Adjusted EBITDA was $800 million for the full year, a $158 million improvement.  The Domestic segment showed continued improvement in operating performance for the fourth quarter and full year and International segment same store sales grew for the eighth consecutive quarter.  Since the inception of the “Fit for Growth” initiative in 2014, the Company has realized $307 million in savings, with the balance of the $325 million target expected to be achieved by the end of fiscal 2016.

“I am very encouraged by our positive consolidated same store sales in what was a very competitive marketplace,” said Dave Brandon, Chairman and Chief Executive Officer, Toys“R”Us, Inc.  “Throughout the year, and especially during the holiday season, we focused on improving our execution to deliver a positive and memorable shopping experience to our customers.  We significantly improved our performance, but we can and will make further progress on our quest to achieve flawless execution in every aspect of our operations.  We grew Adjusted EBITDA by 25% by successfully executing a number of key initiatives while continuing to take advantage of the progress we’ve made to right-size our cost structure.”

Fourth Quarter Fiscal 2015 Highlights

  • Consolidated same store sales were up 2.3%.  International had growth of 3.9% mainly attributable to an increase in the learning category, partially offset by a decline in the entertainment category (which includes electronics, video game hardware and software).  Domestic had growth of 1.2% over the prior year period primarily due to an increase in the core toy and learning categories, partially offset by a decline in the entertainment and baby categories.
  • Consolidated net sales were $4,853 million, a decrease of $130 million compared to the prior year period.  Excluding a $169 million negative impact from foreign currency translation, net sales increased $39 million, mainly attributable to same store sales growth in both the International and Domestic segments, partially offset by Domestic store closures.
  • Gross margin dollars were $1,657 million, compared to $1,688 million for the prior year period, a decrease of $31 million.  Excluding a $60 million negative impact from foreign currency translation, gross margin dollars increased by $29 million.  Gross margin rate was 34.1%, an increase of 0.2 percentage points versus the prior year period.  Domestic gross margin rate increased by 0.3 percentage points primarily due to a shift in sales mix away from lower margin entertainment products, partially offset by an increase in shipping costs due to higher e-commerce sales volume.  International gross margin rate increased by 0.3 percentage points as a result of margin improvements associated with the learning and entertainment categories, partially offset by increased cost of U.S. dollar denominated merchandise purchases.
  • SG&A decreased by $46 million to $1,143 million, compared to $1,189 million in the prior year.  Excluding a $35 million favorable impact from foreign currency translation, SG&A decreased by $11 million, primarily due to a $21 million decrease in payroll expenses, partially offset by a favorable legal settlement of $12 million in the prior year.
  • Operating earnings were $447 million, compared to $417 million in the prior year period.  Domestic segment operating earnings improved by $31 million, primarily as a result of SG&A savings compared to the prior year period.  Excluding a $21 million negative impact from foreign currency translation, International segment operating earnings improved by $35 million mainly as a result of an increase in gross margin dollars due to higher net sales compared to the prior year period.  Corporate overhead increased by $15 million.
  • Adjusted EBITDA1 improved by $45 million to $574 million, compared to $529 million in the prior year period.
  • Net earnings were $276 million, compared to $265 million in the prior year period, an improvement of $11 million.

Full Year Fiscal 2015 Highlights

  • Consolidated same store sales increased by 0.9% due to International same store sales growth of 3.2%, which was driven by improvement in the learning and baby categories, partially offset by a decline in entertainment.  Domestic same store sales decreased by 0.6% due to a decline in the entertainment and baby categories, partially offset by increases in core toy and learning categories.
  • Consolidated net sales were $11,802 million, a decrease of $559 million compared to the prior year.  Excluding a $571 million negative impact of foreign currency translation, net sales were up predominantly due to increases in same store sales in the International segment, partially offset by a decline in same store sales in the Domestic segment.  Net sales also benefited from new stores Internationally, offset by Domestic store closures.
  • Gross margin dollars were $4,226 million, compared to $4,430 million for the prior year, a decrease of $204 million.  Excluding a $215 million negative impact from foreign currency translation, gross margin dollars increased by $11 million.  Gross margin rate remained consistent at 35.8%.
  • SG&A decreased by $322 million to $3,593 million, compared to $3,915 million in the prior year.  Excluding a $174 million favorable impact from foreign currency translation, SG&A decreased by $148 million, primarily due to an $81 million decrease in payroll expenses, a $40 million decline in advertising and promotional expenses and a $16 million decrease in occupancy costs, predominantly as a result of Domestic store closures.
  • Operating earnings were $378 million, compared to $191 million in the prior year.  Domestic segment operating earnings improved by $152 million, primarily as a result of SG&A savings compared to the prior year period.  Excluding a $22 million negative impact from foreign currency translation, International segment operating earnings improved by $64 million primarily as a result of an increase in gross margin dollars due to higher net sales compared to the prior year.  Corporate overhead increased by $7 million.
  • Adjusted EBITDA1 was $800 million, compared to $642 million in prior year, an improvement of $158 million.
  • Net loss was $130 million, compared to a net loss of $292 million in the prior year period, an improvement of $162 million.

In closing Mr. Brandon stated, “We have an exciting and challenging year ahead of us.  We believe we can continue the positive momentum we have built by executing our four strategic pillars: grow and build our brands throughout the world, create a world class experience for our customers, create a strong financial foundation and make talent and culture a competitive advantage.  I am proud of the hard work that all of our team members have put in to get us to this point and I look forward to continuing on our path forward.”

Capital Spending and Depreciation

  • For the full year, capital spending was $219 million, compared to $207 million in the prior year, an increase of $12 million.
  • Depreciation expense was $343 million, a decrease of $34 million, which included a $14 million benefit from foreign currency translation.

Liquidity and Debt

The Company, including Toys“R”Us-Delaware, Inc., ended the year with total liquidity of $1.8 billion, which was relatively consistent with last year.  This was comprised of cash and cash equivalents of $680 million and availability under committed lines of credit of $1.1 billion.  Toys“R”Us-Delaware, Inc. ended the year with $1,023 million of liquidity, a $54 million improvement from last year.  This was comprised of cash and cash equivalents of $139 million and availability under its revolving line of credit of $884 million.

Total debt was $4.7 billion, a decrease of $45 million from the prior year.

A summary of the “Fit for Growth” initiative is set forth at the end of this press release.

1 A detailed description and reconciliation of EBITDA and Adjusted EBITDA for Toys“R”Us, Inc. and Toys“R”Us-Delaware, Inc., and management’s reasons for using these measures, are set forth at the end of this press release.

2 Net Leverage represents total debt outstanding less cash and cash equivalents and restricted cash attributed to debt as of the end of the year, divided by full year Adjusted EBITDA.

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands.  Merchandise is sold in 866 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in more than 750 international stores and over 245 licensed stores in 37 foreign countries and jurisdictions.  In addition, it exclusively operates the legendary FAO Schwarz brand and sells extraordinary toys at FAO.com.  With its strong portfolio of e-commerce sites including Toysrus.com andBabiesrus.com, it provides shoppers with a broad online selection of distinctive toy and baby products.  Headquartered in Wayne, NJ, Toys“R”Us, Inc. has an annual workforce of approximately 62,000 employees worldwide.  The Company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need.  Additional information about Toys“R”Us, Inc. can be found onToysrusinc.com.

Forward-Looking Statements
All statements that are not historical facts in this press release, including statements about our beliefs or expectations, are forward-looking statements.  These statements are subject to risks, uncertainties and other factors, including, among others, the seasonality of our business, competition in the retail industry, changes in our product distribution mix and distribution channels, general economic factors in the United States and other countries in which we conduct our business, consumer spending patterns, birth rates, our ability to implement our strategy including implementing initiatives for season, our ability to recognize cost savings, implementation and operation of our new e-commerce platform, marketing strategies, the availability of adequate financing, access to trade credit, changes in consumer preferences, changes in employment legislation, our dependence on key vendors for our merchandise, political and other developments associated with our international operations, costs of goods that we sell, labor costs, transportation costs, domestic and international events affecting the delivery of toys and other products to our stores, product safety issues including product recalls, the existence of adverse litigation, changes in laws that impact our business, our substantial level of indebtedness and related debt-service obligations, restrictions imposed by covenants in our debt agreements and other risks, uncertainties and factors set forth in our reports and documents filed with the Securities and Exchange Commission (which reports and documents should be read in conjunction with this press release).  In addition, we typically earn a disproportionate part of our annual operating earnings in the fourth quarter as a result of seasonal buying patterns and these buying patterns are difficult to forecast with certainty.  We believe that all forward-looking statements are based on reasonable assumptions when made; however, we caution that it is impossible to predict actual results or outcomes or the effects of risks, uncertainties or other factors on anticipated results or outcomes and that, accordingly, one should not place undue reliance on these statements.  Forward-looking statements speak only as of the date they were made, and we undertake no obligation to update these statements in light of subsequent events or developments unless required by the Securities and Exchange Commission’s rules and regulations.  Actual results and outcomes may differ materially from anticipated results or outcomes discussed in any forward-looking statement.

# # #

For more information please contact:

Lenders and Note Investors:

Chetan Bhandari, Senior Vice President, Corporate Finance & Treasurer at 973-617-5841 orChetan.Bhandari@toysrus.com

Media:

Corporate Communications at 973-617-5900 or press@toysrus.com

Taubman Centers executives to present at the Citi 2016 Global Property CEO Conference

BLOOMFIELD HILLS, Mich., 2016-Mar-14 — /EPR Retail News/ — Taubman Centers, Inc. (NYSE: TCO) today announced that Robert S. Taubman, chairman, president and chief executive officer, and Simon J. Leopold, chief financial officer, will participate in a company roundtable presentation to the investment community at the Citi 2016 Global Property CEO Conference on Monday, March 14, 2016 at 2:55 p.m. EDT. The presentation will be available via live webcast at http://www.veracast.com/webcasts/citigroup/globalproperty2016/51111422152.cfm. An online replay will follow shortly after the presentation and be available at the same link until June 14, 2016.

About Taubman
Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 24 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Taubman is currently developing four properties in the U.S. and Asia totaling 4.1 million square feet. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com.

For ease of use, references in this press release to “Taubman Centers,” “company,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks and uncertainties.You should review the company’s filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

Source: Taubman Centers, Inc.

Ryan Hurren, Taubman, Director, Investor Relations, 248-258-7232
rhurren@taubman.com

Maria Mainville, Taubman, Director, Strategic Communications, 248-258-7469
mmainville@taubman.com

Día del Padre 2016 en la Tienda VIPS

MADRID, España, 2016-Mar-14 — /EPR Retail News/ — El próximo 19 de marzo, Día del Padre, es el momento perfecto para homenajear a papá y demostrarle lo mucho que le quieres. Para ello, los trend hunters de la Tienda VIPS, que recorren medio mundo en busca de esos artículos que hagan del regalo y la ocasión una experiencia, han localizado los regalos más originales y exclusivos para todo tipo de padres, sea cual sea su personalidad.

Tu papá no es un papá cualquiera: es un SÚPERPAPÁ, y puedes dejar constancia de ello regalándole el pack “Papá Volador” o la camiseta y chapa al mejor papá del mundo, un diseño exclusivo de la Tienda VIPS, ¡serás un superhijo!

Si tu padre se resiste a crecer, hazle rememorar viejos tiempos regalándole la edición completa de “13, Rue del Percebe”, del dibujante Francisco Ibáñez; y si es un fanático de las nuevas tecnologías, le sorprenderás con la Samsung Galaxy Tab A 550 de 16GB.

Para los padres más sibaritas, la Tienda VIPS te propone el “Manual del Gin-Tonic perfecto”; acompáñalo con la botella de ginebra Ampersand, una clásica London Dry con un toque sutil de naranjas y limones, y acertarás. Por otro lado, si tu padre es de los que rebosan buena energía, en la Tienda VIPS puedes encontrar una preciosa taza con un mensaje muy, muy tierno, para empezar el día de la mejor forma.

Estas y muchas más ideas innovadoras te están esperando en la Tienda VIPS, que con su amplio horario de apertura 365 días al año es perfecto para que aquellos que tienen poco tiempo libre ya no tengan excusa.

Para descargar las imágenes en alta resolución pincha aquí: http://we.tl/CqfJtaFeVo

Acerca de la Tienda VIPS:
La Tienda VIPS es el lugar en el que encontrar los productos de tendencia y regalo más novedosos y originales, en un amplio horario y los 365 días del año. Con más de 45 años de trayectoria, están disponibles en 25 cafeterías-restaurantes VIPS de Madrid, Zaragoza y Sevilla y ofrecen una cuidada selección de libros y películas, productos gourmet, complementos de moda, artículos infantiles y novedades tecnológicas.

La Tienda VIPS cuenta además con servicios especiales de adquisición de libros por encargo y envíos a domicilio por compras superiores a 50 euros. Los clientes de la Tienda VIPS pueden aprovechar las ventajas y promociones de la APP Club VIPS, disponible de forma gratuita para dispositivos iOS y Android.

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Grupo Vips continúa su expansión y suma ya 96 Cafeterías-Restaurantes

Móstoles, España, 2016-Mar-14 — /EPR Retail News/ — VIPS, la marca origen y buque insignia de Grupo Vips, compañía multimarca y multiformato líder del sector de la hostelería y el comercio en España, continúa su expansión y suma ya 96 Cafeterías-Restaurantes. Móstoles es el lugar elegido para la ubicación de este icónico establecimiento que está ubicado en la Avenida Olímpica, 25.

El VIPS de Móstoles supone la quinta apuesta del franquiciado local, que cuenta ya con dos VIPS, en Aravaca y Majadahonda, y dos GINOS, ubicados en Boadilla y Majadahonda. Esta apertura ha supuesto la creación de 31 puestos de trabajo e incluye la propuesta 100% renovada de la marca, que se refleja en una nueva imagen -más moderna, confortable y cálida-, una carta donde prima la variedad gastronómica para todos los gustos y ocasiones de consumo y un amplio horario de atención al cliente.

Con una inversión aproximada de 600.000€, el nuevo VIPS dispone de una espectacular superficie de 446m2 en sala, una terraza de 100m2 y una zona infantil de 19 m2, además de tener una capacidad para acoger a un total de 245 comensales (173 en sala y 72 en terraza).

Con este nuevo local, las Cafeterías-Restaurantes VIPS suman ya un total de 96 establecimientos, de los cuales 83 son en propiedad y 13 en franquicia, y su presencia se extiende por 17 provincias españolas.

VIPS, una marca única

Abiertos todos los días del año, con Wifi gratuito para sus clientes, un atento servicio de mesa y gran amplitud horaria, los restaurantes-cafeterías VIPS están pensados para todo tipo de ocasiones de consumo: una pausa en el trabajo, una comida de negocios o bien para disfrutar de un momento de relax solo o en compañía de familia o amigos.

Para ello, VIPS cuenta con diferentes espacios que se adaptan a cada necesidad: una moderna barra para comer algo rápido, una sala con confortables y modernos box, así como una serie de bancadas altas y butacas. Todo ello acompañado por un interiorismo en el que todo gira en torno al rojo mítico de la cadena, que contrasta con los beiges, grises y marrones claros del suelo, sillas, mesas, paredes y paneles altos, lo que aporta a su vez el toque de elegancia y calidez al conjunto de la sala.

En cuanto a su oferta gastronómica, centrada en platos de cocina internacional con acento americano, también ha sido pensada para adaptarse a todos los gustos. Destacan sus famosos sándwiches, como el Vips Club; sus sabrosas ensaladas, como la Cesar o Louisiana; sus populares hamburguesas y sus deliciosos postres, como el Brownie con helado de vainilla o sus famosas tortitas con nata. Todas estas deliciosas opciones conviven con una línea de productos ligeros y equilibrados, entre los que se incluyen platos como el California, sándwich de pan de doce cereales y semillas con verduras asadas y hortalizas, y postres sanos como fruta de temporada o zumo natural de naranja.

Además, los restaurantes-cafeterías cuentan con un amplio menú del día en el que se puede elegir entre más de nueve platos a partir de 10.95€ y un menú infantil desde 7.95€ y disponen de una carta sin gluten apta para clientes celiacos, certificada por la FACE (Federación de Asociaciones de Celiacos de España).

Todas las ventajas del Club VIPS en el móvil

Los clientes del nuevo VIPS de Móstoles podrán disfrutar de forma gratuita de todas las oportunidades que ofrece a sus socios el Club VIPS, programa de fidelización pionero y único en el sector. Unas ventajas disponibles en todos los establecimientos del Grupo Vips: VIPS, VIPSmart, Ginos, Starbucks, Fridays, The Wok y los restaurantes Rugantino, Tattaglia y Lucca.

Club Vips nació hace 18 años y se convirtió en el primer gran club de fidelización multimarca en el entorno de la restauración en España. En abril de 2015, Club VIPS ha vuelto a revolucionar el sector de hostelería en España apostando por la movilidad con el lanzamiento de la App Club VIPS.

La nueva APP Club VIPS, gratuita y disponible tanto para iOS como para Android, está diseñada para poder aprovechar Club VIPS de una manera más sencilla y cómoda. Ofrece además servicios exclusivos como EuroVIPS y promociones en el móvil, geolocalización, el botón Wi-Fi para navegar  gratis en más de 350 restaurantes, el monedero Club VIPS, que permite tener siempre disponible dinero y recargar a otras personas, o la posibilidad de hacer pedidos desde el móvil y pagar de forma más rápida con un solo click.

Apuesta por la franquicia

Esta nueva apertura es fruto de la apuesta firme que Grupo Vips está haciendo desde 2013 para impulsar su expansión de la mano de franquiciados de confianza. Con una experiencia de más de 45 años, Grupo Vips es la empresa de referencia en el sector de la hostelería en España y opera más de 350 establecimientos. El proyecto de desarrollo con franquiciados sigue creciendo y en la actualidad la empresa opera en régimen de franquicia un total de 47 establecimientos: 13 VIPS, 15 VIPSmart y 19 GINOS.

VIPS Móstoles

Avenida Olímpica, 25
28935 Móstoles

Teléfono: 91.199.72.29

Horario:

APERTURA:

DE LUNES A  VIERNES 08:00

SABADOS, DOMINGOS Y FESTIVOS 09:00

CIERRE:

DE DOMINGO A JUEVES 00:00

VIERNES, SABADOS Y VISPERAS 01:00

Acerca de Grupo VIPS:
Grupo Vips es uno de los grupos multimarca y multiformato líderes del sector de la hostelería y comercio en España. Integra restaurantes, cafeterías y tiendas. La compañía gestiona en propiedad o bajo el régimen de franquicia un total de 6 reconocidas cadenas: 4 enseñas de creación propia VIPS (cafetería-restaurante y tienda), VIPSmart, GINOS y The Wok y 2 marcas de renombre internacional Starbucks Coffee y Fridays. Grupo Vips es desde el año 2001 el único y exclusivo socio licenciatario de Starbucks Coffee, líder mundial del café, para desarrollar la marca en España y Portugal. Tiene por otra parte un acuerdo de licencia en exclusiva con Fridays, primera cadena de casual dining de Estados Unidos, para operar la marca en España. Además, el Grupo cuenta con 3 restaurantes singulares entre los que se encuentran Lucca, Rugantino Casa Tua y Tattaglia. La empresa suma 350 establecimientos que atienden a más de 120.000 clientes diarios. Posee un programa de fidelización pionero y líder en el sector de la restauración, el Club VIPS, con más de 2.000.000 socios en toda España y cuya APP, única en el mercado, y lanzada a finales de abril 2015, cuenta ya con más de 300.000 descargas. Grupo Vips es una compañía de capital privado fundada en 1969. Goldman Sachs Capital Partners V adquirió el 30% de la compañía en 2006. El Grupo Vips da empleo a 8.700 personas y cerró el ejercicio 2014 con 350 millones de euros de facturación.

Síguenos en: Facebook, Twitter, Youtube, Instagram.

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Grupo Vips continúa su expansión y suma ya 96 Cafeterías-Restaurantes

Grupo Vips continúa su expansión y suma ya 96 Cafeterías-Restaurantes

Kroger to present at BAML Consumer & Retail Technology Conference and Barclays Emerging Payments Forum

CINCINNATI, 2016-Mar-14 — /EPR Retail News/ — The Kroger Co. (NYSE: KR) today announced that Rodney McMullen, Kroger’s chairman and CEO, and Mike Schlotman, Kroger’s executive vice president and CFO, will address investors at the following conferences next week:

Tuesday, March 15:
2:40 pm ET     BAML Consumer & Retail Technology Conference Q&A

Wednesday, March 16:
11:20 am ET    BAML Consumer & Retail Technology Conference Panel Discussion
1:45 pm ET     Barclays Emerging Payments Forum Q&A

These presentations will be broadcast online at ir.kroger.com.  Click on “Events, Presentations & Webcasts” to access the event.  The presentation will be available in an archived format for one week following the conference.

Every day, the Kroger Family of Companies makes a difference in the lives of eight and a half million customers and 431,000 associates who shop or serve in 2,778 retail food stores under a variety of local banner names in 35 states and the District of Columbia. Kroger and its subsidiaries operate an expanding ClickList offering – a personalized, order online, pick up at the store service – in addition to our 2,231 pharmacies, 784 convenience stores, 323 fine jewelry stores, 1,387 supermarket fuel centers and 38 food production plants in the United States. Kroger is recognized as one of America’s most generous companies for its support of more than 100 Feeding America food bank partners, breast cancer research and awareness, the military and their families, and more than 145,000 community organizations including schools. A leader in supplier diversity, Kroger is a proud member of the Billion Dollar Roundtable.

SOURCE The Kroger Co.

Kroger declares quarterly dividend of 10.5 cents per share to be paid on June 1, 2016

CINCINNATI, 2016-Mar-14 — /EPR Retail News/ — The Kroger Co.’s (NYSE: KR) Board of Directors today declared a quarterly dividend of 10.5 cents per share to be paid on June 1, 2016, to shareholders of record on the close of business on May 13, 2016.

Kroger has delivered double-digit compound growth in its dividend since it was reinstated in 2006. The company continues to expect an increasing dividend over time.

Kroger today also announced a new, $500 million share repurchase program, supplementing the current authorization, which has $175.6 million remaining as of March 9, 2016.

“We are committed to delivering value that shareholders can count on,” said Rodney McMullen, Kroger’s chairman and CEO. “Kroger has repurchased nearly half of the shares of the company, and has returned approximately $12 billion to shareholders through share repurchases since January 2000.”

Every day, the Kroger Family of Companies makes a difference in the lives of eight and a half million customers and 431,000 associates who shop or serve in 2,778 retail food stores under a variety of local banner names in 35 states and the District of Columbia. Kroger and its subsidiaries operate an expanding ClickList offering – a personalized, order online, pick up at the store service – in addition to our 2,231 pharmacies, 784 convenience stores, 323 fine jewelry stores, 1,387 supermarket fuel centers and 38 food production plants in the United States. Kroger is recognized as one of America’s most generous companies for its support of more than 100 Feeding America food bank partners, breast cancer research and awareness, the military and their families, and more than 145,000 community organizations including schools. A leader in supplier diversity, Kroger is a proud member of the Billion Dollar Roundtable.

This press release contains a forward-looking statement, as that term is defined in the Private Securities Litigation Reform Act of 1995, about the future performance of the company. This statement is based on management’s assumptions and beliefs in light of the information currently available to it. Such statement is indicated by the word “expect.”  Our ability to continue to increase our dividend over time, will be affected by our inability to generate free cash flow at the levels anticipated and our failure to generate expected operating results.   This forward-looking statement is subject to uncertainties and other factors that could cause actual results to differ materially. We assume no obligation to update the information contained herein. Please refer to Kroger’s reports and filings with the Securities and Exchange Commission for a further discussion of these risks and uncertainties.

SOURCE The Kroger Co.

Corporate Affairs Department
The Kroger Co.
1014 Vine Street
Cincinnati, OH 45202-1100

To view all Kroger Family of Stores media contacts click here
To view division and state contacts click here

Colruyt Belgium and Luxembourg, Collect&Go and OKay recall minneolas 1.5 kg packed in nets due to exceeded amount of Carbaryl insecticide

Sales period: from 7/3 to 10/3/2016

Halle, Belgium, 2016-Mar-14 — /EPR Retail News/ — During inspections of minneolas 1.5 kg packed in nets, our supplier found that the authorised amount of Carbaryl was exceeded in a specific batch of goods.

Carbaryl is an insecticide. The toxic quantity is absorbed by the rind of the minneolas.

Repeated and frequent intake of Carbaryl can cause headaches, muscle  weakening, nausea, stomach cramps, transpiration and restlessness. For this reason, Colruyt Belgium and Luxembourg, Collect&Go and OKay remove these minneolas from the shelves. They ask their customers not to consume the product and to return it to the store. The product will then be refunded.

Meanwhile, all stores have removed the products from the shelves.

 

Description of the product:

Sold at Colruyt Belgium and Luxembourg, Collect&Go and OKay

Minneolas 1.5 kg

Best before date: 21-22-25/3/2016
Article number:18661
Lot numbers:
– For minneolas with best before date 21/3: VO-16-06619
– For minneolas with best before date 22/3: VO-16-06641
– For minneolas with best before date 25/3: VO-16-06739

02 360 10 40

 

Contact:

Hanne Poppe
Press officer Colruyt Group
Tel.: 0473 92 45 10

 

FAQ Minneolas 1.5 kg packed in nets

What is Carbaryl?
Carbaryl is an insecticide.

I have bought this product. What do I do?
Do not eat the minneolasReturn them to your store and we will refund you.

What if I have already eaten them?
Repeated and frequent intake of Carbaryl can cause headaches, muscle  weakening, nausea, stomach cramps, transpiration and restlessness. For this reason, Colruyt Belgium and Luxembourg, Collect&Go and OKay remove these minneolas from the shelves.

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

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

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

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Colruyt Belgium and Luxembourg, Collect&Go and OKay recall minneolas 1.5 kg packed in nets due to exceeded amount of Carbaryl insecticide

Colruyt Belgium and Luxembourg, Collect&Go and OKay recall minneolas 1.5 kg packed in nets due to exceeded amount of Carbaryl insecticide

Taco Bell launches new $1 Morning Value Menu

Not entirely groundbreaking new research coincides with announcement of new, $1 Morning Value Menu at Taco Bell

IRVINE, Calif., 2016-Mar-14 — /EPR Retail News/ —  THIS JUST IN: A breakthrough new study conducted on behalf of Taco Bell reveals that consumers actually prefer spending less money than more money, Surprising no one, key highlights of the research include:

•   84 percent of consumers cite their radical preference to spend $1 vs. more than $1; while 16 percent of respondents surprised everyone in their desire to spend more
•   When considering $1 breakfast options, 81 percent say Americans should be given more choices
•   When thinking about $1 breakfast items, 80 percent say Americans should be given the option to have breakfast with bacon

Ironically enough, the research coincides with the launch of Taco Bell’s new $1 Morning Value Menu, available on menus nationwide today. The latest study shows consumers unwavering in their desire for true dollar menus, despite their disappearance in restaurants across the nation. Championing the dollar, Taco Bell is the only national quick-service restaurant to offer a $1 morning menu where all 10 craveable items are actually $1 each. Setting them even further apart from national competitors, Taco Bell has the only morning value menu that offers bacon in some of the items. After all, Americans love choice, and they love bacon too***.

“We believe firmly in the power of research and strive to deeply understand our customers.  We also believe firmly in the power of the painfully obvious,” said Marisa Thalberg, Chief Marketing Officer for Taco Bell Corp. “Our survey results were completely expected: Americans would rather pay less and have more choice. And of course, they love bacon for breakfast.”

Thalberg continued, “While dollar menus disappear across America, Taco Bell is continuing to reinvent breakfast with delicious and unique menu items only Taco Bell can provide, with 10 items for $1 each.”

Taco Bell first shook up morning routines back in 2014 with the introduction of breakfast in restaurants across the country. The new $1 Morning Value Menu contains four brand new items with a twist, including: the Mini Skillet Bowl, a delicious breakfast bowl filled with seasoned breakfast potatoes, fluffy scrambled eggs, warm melty cheese and freshly-prepared Pico de Gallo; Breakfast Soft Taco, a warm flour tortilla filled with fluffy scrambled eggs, your choice of flavorful bacon or delicious sausage and real cheddar cheese and the Sausage Flatbread Quesadilla, a pillowy flatbread filled with a three cheese blend, delicious sausage, and fluffy scrambled eggs, grilled to seal in all the flavors.

The new items join the reigning breakfast items, including the Grilled Breakfast Burrito, available with your choice of Bacon, Sausage or Fiesta Potato, Hash Brown, Cinnabon® Delights™ 2 Pack and Mountain Dew® Kickstart™ Orange Citrus. The introduction of the $1 Morning Value Menu shows the brand’s dedication to disrupt America’s breakfast routines by presenting classic breakfast flavors with a twist, all at a price fans will go crazy for.

The release of the new menu is an extension of the brand’s long-standing promise to deliver quality food at great value. The launch is supported by the brands announcement in late 2015 to serve exclusively cage-free eggs by December 31, 2016.

A multi-channel marketing campaign supported the launch of the $1 Morning Value Menu, with content on TV, radio, digital, mobile, social and PR. Leading up to launch, Taco Bell dropped hints with a first-ever post on the app, Wishbone. As the latest brand to begin using the Wishbone and Slingshot platforms, Taco Bell will continue to engage on the app for future campaigns.

Fans are encouraged to learn more about the Morning Value Menu by visiting The Feed on Ta.co.

*This survey was conducted online by Edelman Berland from February 26 – 28, 2016 among n=1,000 US Consumers (Adults 18+).

**84% of people would rather spend $1 for an item vs. more than $1 for the same item.

***When considering $1 breakfast options, 81% say Americans should be given more choices; When thinking about $1 breakfast items, 80% say Americans should be given the option to have breakfast with bacon. 

MEDIA RELATIONS

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

KEY LINKS
Taco Bell Careers
Yum! Brands

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

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

Topaz opens its newest Re.Store in Ballincollig, Co Cork

€25million investment in Ireland’s newest retail convenience concept

DUBLIN, Ireland, 2016-Mar-14 — /EPR Retail News/ — Ireland’s leading fuel and convenience retailer, Topaz, has launched its newest Re.Store retail offering in Ballincollig, Co Cork, marking the 100th store opening for Ireland’s most dynamic convenience concept. Cork County footballer and local man Daniel Goulding was guest of honour at the official opening in advance of his upcoming game against Monaghan.

Since its launch in April 2015, the Re.Store concept has truly transformed the landscape of service stations across the country. Offering unprecedented choices in food and coffee to people on the move, Re.Store has brewed 4 million cups of coffee and served over a million sandwiches and wraps to motorists throughout Ireland. At Re.Store coffee is a passion taken very seriously. At sites like Ballincollig expertly-trained baristas hand craft the finest aromatic blends of coffee from freshly ground beans every day to serve the perfect cup of coffee. Customers can relax and recharge with their hot brews and favourite pastry of choice in store where there is complementary Wi-Fi and seating.

Sean Moriarty, Topaz’s Retail Director, was delighted to celebrate the occasion with the local team in Ballincollig: “Almost one year ago, we announced our ambition to revolutionise the forecourt experience and completely redefine our Food & Coffee offer in keeping with the changing dietary habits and needs of our customers. Following an investment of €25 million, today we offer an unparalleled selection of healthy and wholesome food using Irish sourced ingredients combined with an exceptional range of quality coffees across 100 forecourts in Ireland, with plans to continue the rollout over 2016.”

Topaz Energy Group Limited,
Topaz House,
Beech Hill,
Clonskeagh,
Dublin 4.

Topaz Head Office Tel: +353 (0)1 202 8888
Topaz Home Heat: Tel: 1850 250 650
Topaz Fax: +353 (0) 1 282 8320

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Topaz opens its newest Re.Store in Ballincollig, Co Cork

Topaz opens its newest Re.Store in Ballincollig, Co Cork

Nordstrom announces the opening of its new, relocated store at Ala Moana Center in Honolulu

SEATTLE, 2016-Mar-14 — /EPR Retail News/ — Leading fashion specialty retailer Nordstrom, Inc.opened the doors to its new, relocated store today at Ala Moana Center in Honolulu. The three-level, 186,000 square-foot store features new interior and exterior design concepts, a full-service restaurant and bar, cocktail lounge, new departments and an enhanced beauty shopping experience. The store is a relocation from its previous home at the other end of the mall, which opened in 2008.

“We are proud to have been a part of the community for 50 years and we owe our Hawaiicustomers a lot for helping us build our business,” said Brian Tatsumura, Nordstrom Ala Moana Center store manager. “We want to provide locals and visitors with the best shopping experience we can and we look forward to serving them even better in our beautiful brand new store.”

The store offers customers five shoe departments, expansive cosmetics and accessories areas, new At Home and Trend Accessories departments and a comprehensive offering of popular brand names for men, women and children. Customers can expect to find shoes and handbags from popular brands including Kate Spade New York, Rebecca Minkoff and Tory Burch. The women’s apparel offering features fashion from designers, including Elizabeth & James,Alexander Wang, A.L.C., Rag & Bone and Frame Denim. The Madewell brand recently launched in the previous Ala Moana location and will be carried in the new store. Nordstrom is the exclusive retailer in the U.S. to carry the brand outside of Madewell stores. New beauty brands include Tom Ford Private Blend, Hourglass, Sulwhasoo, Sisley, Burberry Beauty. Celebrity make-up artist Charlotte Tilbury’s namesake brand is also debuting and is only available locally at Nordstrom in Honolulu.

An expanded offering of Hawaii-based designers and brands can be found throughout the store, including Jana Lam, Tula, Workshop 28, Alola Maui, Michal Abramovitz and Simply Sisters.

Nordstrom Ala Moana Center provides a number of services to create a more convenient shopping experience. These amenities include Personal Stylists – a complimentary wardrobe and shopping service – free Wi-Fi throughout the store, a new Service Bar with seating and a free mobile phone charging station, in-store alterations and tailor shop, certified bra and prosthesis fitters and complimentary gift boxes. The store has four food offerings: Ruscello, a full-service restaurant and bar featuring Italian and Mediterranean-inspired cuisine; Habitant, a casual lounge and bar where customers can enjoy cocktails and pupus; Gelato Bar, offering 19 flavors from an authentic Italian recipe; and Ebar, which offers customers handcrafted coffee drinks and grab-and-go food options.

Opening day kicked off at 8 a.m. with a Nordstrom Beauty Bash just outside the store’sDiamond Head entrance in the Ewa Wing. Customers enjoyed an opportunity to get the inside scoop on new products and trends from the top names in cosmetics from the store’s team of beauty experts. Kahu Kordell led the store blessing just before more than 600 employees welcomed the first customers through the door at 9:30 a.m.

Earlier in the week, Nordstrom underwrote and held a sold-out opening gala with more than 1,200 guests and raised more than $120,000 for Aloha United Way. Funds are supporting Boys and Girls Club of Hawaii and Big Brothers Big Sisters Hawaii.

The new store opens on the five-year anniversary of the tsunami that struck Japan on March 11, 2011. To honor those customers and employees affected and lost in the tragedy,Nordstrom is making a donation of $10,000 to the American Red Cross in Hawaii in support of their disaster relief efforts.

MEDIA CONTACT
Chelsey Allodi
Nordstrom, Inc.
(206) 849-2851
chelsey.allodi@nordstrom.com

ABOUT NORDSTROM  
Nordstrom, Inc. is a leading fashion specialty retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 326 stores in 39 states, including 121 full-line stores in the United States, Canada and Puerto Rico; 197 Nordstrom Rack stores; two Jeffrey boutiques; and one clearance store. Additionally, customers are served online through Nordstrom.com, Nordstromrack.com and HauteLook. The company also owns Trunk Club, a personalized clothing service serving customers online at TrunkClub.com and its five clubhouses. Nordstrom, Inc.’s common stock is publicly traded on the NYSE under the symbol JWN.

Tesco redirects millions of surplus food to charity with Community Food Connection with FareShare FoodCloud rollout

CHESHUNT, England, 2016-Mar-14 — /EPR Retail News/ — Tesco announces nationwide rollout of Community Food Connection with FareShare FoodCloud, which will redirect millions of meals of Tesco surplus food to charity by end of 2017.

Tesco CEO Dave Lewis has today announced the nationwide rollout of an initiative designed to dramatically reduce the amount of food that goes to waste.

The move follows through a farm to fork commitment by Tesco to tackle food waste from its suppliers, through its stores, and customers’ homes.

The groundbreaking nationwide scheme – Community Food Connection with FareShare FoodCloud – is being launched this week in 15 cities and regions across the UK including Manchester, Birmingham, Southampton and Portsmouth.

In the coming months the initiative will be rolled out to Leeds, Leicester, Kent and the West Midlands. Tesco has said it will reach all large Tesco stores – numbering over 800 – by the end of 2016, with all stores covered by the end of 2017.

Community Food Connection is powered by FareShare FoodCloud, an open platform that helps store colleagues and charities work together seamlessly.

Tesco also believes that once fully developed, other retailers could adopt FareShare FoodCloud to create an industry standard platform to make a real difference to local charities and communities.

According to Tesco, food waste is a global issue. Chief Executive, Dave Lewis was recently appointed chair of a coalition of leaders from government, businesses, international organisations, research institutions, and civil society called Champions 12.3. The Champions 12.3 coalition will work to create political, business and social momentum to reduce food loss and waste around the world.

Dave Lewis, Tesco CEO said:

“We believe no food that could be eaten should be wasted – that’s why we have committed that no surplus food should go to waste from our stores.

“We know it’s an issue our customers really care about, and wherever there’s surplus food at Tesco stores, we’re committed to donating it to local charities so we can help feed people in need.

“But we know the challenge is bigger than this and that’s why we’ve made a farm to fork commitment to reduce food waste upstream with our suppliers and in our own operations and downstream in our customers’ own homes.”

The scheme has already been piloted in fourteen Tesco stores over the past six months and has generated over 22 tonnes of food – the equivalent to 50,000 meals.

Tesco and FareShare are calling out for 5,000 charities and community groups to join up and receive free surplus food through the scheme, as part of a huge nationwide charity recruitment drive.

The scheme will be in place in all Tesco stores by the end of 2017, which means thousands of charities all over the country will benefit from millions of pounds worth of surplus food each year.

The latest figures show 55,400 tonnes of food were thrown away at Tesco stores and distribution centres in the UK last year, of which around 30,000 tonnes could otherwise have been eaten – equivalent to around 70 million meals.

Lindsay Boswell, FareShare CEO said:

“We are delighted to be offering our store level solution in partnership with Tesco who are demonstrating real leadership in tackling food surplus.

“FareShare FoodCloud is a natural extension of our work together which has already provided nine million meals to help feed vulnerable people.

“Our role as a trusted partner to the voluntary sector is really important to the charities and community groups we work with and we are excited to launch this new service with Tesco’s support.

Tesco remains the only UK retailer to publish transparent data about food waste from its own operations. The next set of food waste data will be published by Tesco in May.

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

Notes to Editors

About Community Food Connection with FareShare FoodCloud
Through Community Food Connection with FareShare FoodCloud, Tesco store managers alert charities and community groups to the amount of surplus food they have at the end of each day. The charity then confirms it wants the food, picks it up free of charge from the store and turns it into meals for people who need it.

Beneficiaries of the charities receiving food come from the wide range of charities supported by FareShare including homeless hostels, women’s refuges and breakfast clubs for disadvantaged children.

Organisations from across the UK can apply to join the scheme at www.fareshare.org.uk/fareshare-foodcloud

About the work Tesco has done to reduce food waste
Our goal at Tesco is to never throw away food that could be eaten: if we can’t sell it, we will offer it to charities and community groups to feed people in need. By 2017 we will roll out Community Food Connection to all of our UK stores.

Community Food Connection with FareShare FoodCloud is the latest innovation in Tesco’s work with FareShare on the provision of surplus food. The partnership has included activities which make food available from the Tesco supply chain, Distribution Centres and Dotcom centres. This has seen four and a half million meals of surplus food donated to support nearly 2,000 charities and community groups across the UK.

Tesco sees a shared responsibility when it comes to tackling food waste. It is working with its suppliers to cut food waste in the supply chain, and is helping customers to reduce the amount of food thrown away in their homes.

Tesco ended Buy One Get One Free offers on fruit and vegetables in the UK in April 2014.

Tesco has also launched a competition in partnership with WRAP and Innovate UK to find new ways of helping reduce the amount of good food that ends up in the bin at home. Entrepreneurs will be invited to present their ideas to Tesco, and the best ideas will be trialled by the retailer. Food waste has a huge impact on family finances with UK families estimated to throw around £700 worth of food away each year.

About Champions 12.3
Dave Lewis will be chairing a coalition of leaders from government, businesses, international organizations, research institutions, and civil society called Champions 12.3. This group will be dedicated to accelerating progress towards achieving the UN Sustainable Development Target 12.3 by 2030.

The UN Sustainable Development Goal 12 seeks to “ensure sustainable consumption and production patterns.” The third target under this goal (Target 12.3) calls for cutting in half per capita global food waste at the retail and consumer level, and reducing food losses along production and supply chains by 2030.

IKEA supports women artisans in rural India by bringing their products in store

Conshohocken, PA, 2016-Mar-14 — /EPR Retail News/ — “There is no better route out of poverty than the opportunity for people to have a decent job. At IKEA, it’s a privilege to be able to work with social entrepreneurs that are helping make society a little bit fairer.”- Steve Howard, IKEA Chief Sustainability Officer

IKEA supports women artisans in rural India by offering access to the global market. The social enterprises IKEA works with in India are managed and operated by women. Many of the more than 1,000 artisans are either shareholders or co-owners through self-help groups. Through these partnerships, IKEA is given the opportunity to work with skilled artisans in the Indian handicraft tradition and to contribute to social change. Together we design limited collections for sale in selected IKEA stores, enabling us to offer something really unique; handcrafted products from social enterprises whose main business goal is to change people’s lives for the better.

For women especially, a sustainable income opens up a world of new possibilities such as opening up a new bank account, being able to invest in their children – especially their daughter’s education. This also includes building their self-confidence and skills as artisans and businesswomen.

What is a social entrepreneur? A social entrepreneur uses business as a way to create social change. For social enterprises, business is good when people profit. The social enterprises IKEA works with in India are small scale producers of handcrafted products in the Indian handicraft tradition. These business enterprises are an additional livelihood to agriculture, which is the main source of income in rural areas of India. Managed and created by women, many of these artisans are either shareholders or co-owners through self-help groups.

IKEA works with Rangsutra and Industree in India who are engaging 1,100 local artisans to produce the IKEA collections. IKEA also works with Doi Tung in Thailand who engages 200 local artisans in the IKEA production. For smaller scale projects, IKEA has several local social entrepreneurs providing a single IKEA store with handmade products or services. IKEA has these collaborations with APIKRI in Indonesia, the Multicultural Refugee Coalition /Open Arms in the USA, Place de Bleu in Denmark and YallaTrappan in Sweden.

Press Contact Information

USA CORPORATE PUBLIC RELATIONS
Mona Astra Liss
1-610-834-0180 x 5852

USA PRODUCT PUBLIC RELATIONS
Janice Simonsen
1-610-834-0180 x 6349

USA EXPANSION
Joseph Roth
1-610-834-0180 x 6500

CVS Health announces $50 million initiative to help deliver the nation’s first tobacco-free generation

WOONSOCKET, R.I., 2016-Mar-14 — /EPR Retail News/ — CVS Health (NYSE: CVS), the nation’s largest pharmacy innovation company, today announced Be The First, a five-year $50 million initiative to help deliver the nation’s first tobacco-free generation. Through this initiative, which is funded through CVS Health and the CVS Health Foundation, the company is extending its commitment to help people lead tobacco-free lives. Recognizing that tobacco use is the leading preventable cause of disease and death in the United States and that youth use of some tobacco products is on the rise,Be The First comprises comprehensive education, advocacy, tobacco control and healthy behavior programming in partnership with organizations uniquely positioned to tackle this public health challenge.

“We are at a critical moment in our nation’s efforts to end the epidemic of tobacco use that continues to kill more people than any other preventable cause of death, and threatens the health and well-being of our next generation,” said Troyen A. Brennan, M.D., M.P.H., and Chief Medical Officer for CVS Health. “Ensuring our youth stay tobacco-free requires increased education and awareness of healthy behaviors. We’re partnering with experts across the public health community who have established best practices to help prevent tobacco use. And, by establishing more public-private partnerships to implement these strategies more aggressively, we can help increase the number of people leading tobacco-free lives and move us one step closer to delivering the first tobacco-free generation.”

To help achieve these goals, CVS Health and the CVS Health Foundation have enlisted the help of the nation’s leading anti-tobacco and youth organizations to support programs that each address a unique part of the tobacco epidemic many of which will be launching in the coming weeks. These include new and expanded tobacco education programming with the Campaign for Tobacco-Free Kids and Scholastic Inc., as well as advocacy and tobacco-control initiatives with organizations such as the American Cancer Society and the National Urban League to accelerate declines in rates of smoking and other tobacco use among teens and young adults.

Be The First is directed at youth and young adults who use tobacco or who are at risk of becoming regular tobacco users, as well as the country’s 3 million elementary school children who, without early tobacco education, may become future tobacco users. It is also focused on continuing to support community-based cessation programs for adult smokers, who expose children to tobacco use in the home and other public venues that permit smoking.

To help guide the initiative, CVS Health is convening a national advisory group made up of a diverse group of thought leaders who will advise on trends, initiatives and strategies that help advance the company’s efforts to make the next generation tobacco-free. Members of the advisory group include: Aria Finger, CEO of DoSomething.org; Rosie Henson, Senior Vice President for Prevention and Early Detection at the American Cancer Society; Barry Hummel, Jr., MD, FAAP, Quit Doc Foundation; Matthew L. Myers, President of the Campaign for Tobacco-Free Kids; Harold Paz, M.D., M.S., Chief Medical Officer for Aetna; Steve Schroeder, M.D., Director of the Smoking Cessation Leadership Center at the University of California San Francisco; and Aaron Zeiler, the 2015 Frank Karel Fellow in Public Interest Communications.

“Both the public health community and private sectors must work together if we are to advance a national strategy to end the tobacco epidemic, especially among our children,” said Matthew L. Myers, president, Campaign for Tobacco-Free Kids. “We applaud CVS Health for continuing to demonstrate its leadership and commitment to helping people lead tobacco-free lives with this significant investment in the health and well-being of the next generation of Americans.”

CVS Health has set actionable and measurable goals over the next five years for its Be The First initiative, including contributing to a 3 percent decline in the national youth smoking rate, a 10 percent decline in the number of new youth smokers and doubling the number of tobacco-free college and university campuses.

Additionally, Be The First will support acampaign to encourage tobacco-free social media. The #BeTheFirst social campaign will include a variety of shareable videos, graphics, and digital tools that enable youth to express their commitment to “be the first” generation to lead tobacco-free lives and counter social media messaging and imagery that promotes youth tobacco use. Research shows that exposure to social media that depicts tobacco use predicts future smoking tendency, over and above the influence of TV and movie depictions of smoking. By helping to make the virtual world of social media tobacco-free, Be The First is helping to provide young people with the motivation to adopt and advocate for the same healthy behaviors in the physical world where it truly matters.

“We know that young people are committed to social change and making the world a better place that includes tackling issues like tobacco,” said Aria Finger, CEO of DoSomething.org, with 5 million members in 130 countries who participate in volunteer campaigns that impact every cause. “We’re proud to support CVS Health’s initiative to harness the power of young people and activate them to stop showcasing tobacco and e-cigarettes on social media. It’s amazing to see how passionate millennials are and how much of an impact they can have when addressing issues they care about.”

“Tobacco use, especially among our youth, is one of the most pressing public health issues that we face today,” said Eileen Howard Boone, SVP of Corporate Social Responsibility and Philanthropy at CVS Health, and President of the CVS Health Foundation. “We’re pleased to bring additional resources and capabilities to the public health community and work collaboratively with our expert partners to help those who smoke to quit and to ensure that those who don’t smoke never start.”

Each day, according to the Centers for Disease Control and Prevention, more than 3,800 children under the age of 18 smoke their first cigarette and more than 2,100 youth and young adults who have experimented with cigarettes become new regular, daily smokers. Additionally, 40.6% of children between the ages of 3 and 11 years old and 33.8% of kids 12-19 in the United States are exposed to cigarette smoke regularly, either in the home or in public places that permit tobacco use. According to the U.S. Surgeon General, if the rate in youth smoking and youth tobacco use is reduced, 5.6 million children alive today who ultimately will die early from smoking could live to a normal life expectancy.

For more information about Be The First and CVS Health’s broader commitment to tobacco-free living, please visit www.cvshealth.com/bethefirst.

About CVS Health

CVS Health is a pharmacy innovation company helping people on their path to better health. Through its approximately 9,600 retail pharmacies, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with more than 75 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 and 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.

Contact:

Joe Goode
Corporate Communications
(401) 770-9820, jlgoode@cvs.com

Mary Alfieri
Corporate Communications
(401) 770-9811, malfieri2@cvs.com

SOURCE CVS Health

 

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CVS Health announces $50 million initiative to help deliver the nation's first tobacco-free generation

CVS Health announces $50 million initiative to help deliver the nation’s first tobacco-free generation

Macerich management to present at Citi 2016 Global Property CEO Conference

SANTA MONICA, Calif., 2016-Mar-14 — /EPR Retail News/ — Macerich® (NYSE: MAC), today announced that Art Coppola, CEO and Chairman of the Board of Directors, Ed Coppola, President and Tom O’Hern, Senior Executive Vice President and Chief Financial Officer will participate in the Citi 2016 Global Property CEO Conference in Hollywood, Florida.

Macerich will participate in a roundtable discussion from approximately 3:35 p.m. to 4:10 p.m. Eastern Time, on Tuesday, March 15, 2016.  Interested parties can listen to a live audio only webcast of the discussion on the Macerich website at www.macerich.com (Investing Section).  To listen, please go to the website or link below, at least fifteen minutes prior to the start of the discussion in order to register.  An online replay of the webcast will be available one hour after the conclusion of the live event and will be available at this link below until March 29, 2016.

http://www.veracast.com/webcasts/citigroup/globalproperty2016/62212332325.cfm

Macerich has posted additional materials to the Investing Section of the Company’s website at www.macerich.com.

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 56 million square feet of real estate consisting primarily of interests in 51 regional shopping centers. Macerichspecializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in thePacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

 

SOURCE Macerich

John Perry, Senior Vice President, Investor Relations (424-229-3345) or Jean Wood, Vice President, Investor Relations (424-229-3366)

Dollar General donates $25,000 and collects donations to support American Red Cross in its flood relief efforts

Goodlettsville, Tennessee, 2016-Mar-14 — /EPR Retail News/ — Dollar General today donated $25,000 to the American Red Cross to provide aid to individuals and communities impacted by recent floods. Additionally, all Dollar General stores across the 43 states it serves have immediately begun collecting donations to further support ongoing relief efforts by the American Red Cross.

“Dollar General is deeply committed to our mission of Serving Others and helping the communities we call home in their time of need,” said Todd Vasos, Dollar General’s chief executive officer. “Through our partnership with the American Red Cross, we are working to provide resources to aid those affected by the floods, as well as support recovery efforts.”

Over the past five years, Dollar General has donated more than $2.2 million to support the American Red Cross through corporate donations and in-store collections to better support recovery efforts and serve communities across the country.

“Even as the waters recede, these floods continue to have an impact on the lives of people across the states of Louisiana, Mississippi, Tennessee and in the surrounding areas,” said Don Herring, Chief Development Officer for the Red Cross. “In the midst of our response, I wanted to take a moment to thank Dollar General for their generous support of the American Red Cross. Because of longstanding partners like  Dollar General, we’re able to be there in the aftermath of these floods as well as continue our support of those facing countless other disasters across the country.”

Customers interested in making a donation to the American Red Cross may do so at their time of purchase at Dollar General stores through March 25, 2016.

For additional information, photographs or items to supplement a story, please visit the DG Newsroom or contact the Media Relations Department at 1-877-944-DGPR (3477) or via email at dgpr@dg.com.

About Dollar General Corporation
Dollar General Corporation has been delivering value to shoppers for over 75 years through its mission of Serving Others. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at low everyday prices in convenient neighborhood locations. Dollar General operates 12,483 stores in 43 states as of January 29, 2016. In addition to high quality private brands, Dollar General sells products from America’s most-trusted manufacturers such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo. For more information on Dollar General, please visit www.dollargeneral.com.

Associated Food Stores launches Red Button Vintage Creamery premium pies

Local Associated Food Stores launches premium pies for Pi Day

Salt Lake City, Utah, 2016-Mar-14 — /EPR Retail News/ — Associated Food Stores is bringing back the sweet, classic taste of fresh- baked pie with the launch of Red Button Vintage Creamery premium pies. The exquisite pies are a whopping four pounds and rival a traditional 9” pie, coming in at 12” and are filled with Grade A fruit and all natural ingredients—showcasing hand-laid lattice and crumb tops made from scratch.  Red Button Vintage Creamery pies are available exclusively at Associated Food Stores local and independent retailers just in time for Pi Day.

Created through a partnership with Salt Lake-based Rocky Mountain Pies, Red Button Vintage Creamery Pies will retail at $12.99 and feature six classic and unique flavors like Cherry Almond Pralines, Apple Crumb, Peach Blueberry, Dazzleberry, Pineapple Upside Down and Sea Salt Caramel Crumb.

“We are thrilled to partner with Associated Food Stores to bring a new, premium pie to local grocery stores throughout the intermountain west,” said Mark Grandintti, President of Rocky Mountain Pies. “As a local company, it’s exciting to work with another Utah based company to make a quality product that we’re excited to share.”

Shoppers can find Red Button Vintage Creamery Pies at any Macey’s, Fresh Market, Dan’s, Dick’s Market, Lin’s, Peterson’s, Lee’s Market Place, Stokes and other participating Associated Food Stores retailers. For more information about Red Button Vintage Creamery pies and to find a local and independent Associated retailer near you, visit redbuttoncreamery.com

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Media interested in hosting a Red Button Vintage Creamery event for Pi Day should contact Sarah Pettit scpettit@afstores.com 801-978-8948 for samples.

Associated Food Stores is an independent retailer-owned warehouse based in Salt Lake City, Utah, which provides complete warehouse facilities and services to over 400 grocers throughout the Intermountain West. To learn more about Associated Food Stores or to find a retailer near you, visit www.afstores.com.

Contact:

Associated Food Stores
Sarah Pettit
Desk: 801.978.8948 / Cell: 801.916.1070

Red Button Vintage Creamery Premium Pies
Fact Sheet 

A Local Company:

  • Just in time for Pi Day, Utah-based Red Button Vintage Creamery—known for their famous ice cream has announced that the brand is now baking premium pies.
  • Red Button pies are made locally in Salt Lake City in partnership with Rocky Mountain Pies.
  • Red Button Vintage Creamery is an exclusive brand of Associated Food Stores and can be found in the frozen section of your local and independent Associated Grocer.
  • Learn more and where you can buy Red Button Vintage Creamery pies atRedButtonCreamery.com

 

Quality You Can Taste:

  • Red Button Vintage Creamery pies contain Grade a Fruit, creamery butter, and all-natural sugar.
  • Our crust is made from scratch and some flavors are infused with almond or vanilla for a truly phenomenal taste.
  • No trans fat is included in Red Button Vintage Creamery premium pies.
  • We intentionally use a slower baking process, including hand-laid lattice tops, to ensure you enjoy a home-style pie straight from your oven.

 

Serious in Size:

  • Red Button Vintage Creamery pies are a whopping 12 inches (other pies are typically 9) and weigh 4 pounds—making them perfect for family gatherings.

 

Delicious and Unique Flavors:

  • Six delicious and unique flavors
    • Cherry Almond Pralines Lattice
    • Apple Crumb
    • Peach Blueberry Lattice
    • Dazzleberry Lattice
    • Pineapple Upside Down Lattice
    • Sea Salt Caramel Crumb and Lattice

 

Savings to Celebrate Pi Day:

  • Red Button Vintage Creamery Pies are regularly priced at $12.99. During the week of Pi Day, they will be on sale through Associated Food Stores’ Plus and Perks Rewards programs for $5 off (see your local stores for details.)

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Associated Food Stores launches Red Button Vintage Creamery premium pies

Associated Food Stores launches Red Button Vintage Creamery premium pies

Carolina Hurricanes center Victor Rask partners with Harris Teeter to debut his personally designed Signature Sub Sandwich

Raleigh, N.C, 2016-Mar-14 — /EPR Retail News/ — Rask to Sign Autographs, Sample Signature Sub Sandwich, Introduce Fans to Must-Have Meal

Date:    Monday, March 21, 2016

Time:    5:30 – 6:30 p.m.                       

Where: North Hills East Harris Teeter

               120-100 St. Albans Dr.

Raleigh, N.C. 27609

Interviews are available.  Live shots are welcomed!

Monday, March. 21, 2016 Carolina Hurricanes center Victor Rask will team up with Harris Teeter to debut his personally designed Signature Sub Sandwich.

Rask’s sandwich, “The Rasky Business,is a must-try for Harris Teeter shoppers. For only $3.99, fans can satisfy their appetite with “The Rasky Business,” which features black forest turkey, bacon, provolone cheese, lettuce, mayonnaise, honey mustard, and a dash of salt and oregano on a wheat sub roll. Shoppers can make it a lunch pack for only $4.99. The lunch pack includes “The Rasky Business” sandwich, a drink and your choice of one chocolate chunk, macadamia nut, oatmeal raisin or cranberry nut cookie.

“The Rasky Busniess” will be available in the Fresh Foods Market Sandwich Shop in all Raleigh-area Harris Teeter stores.  Monday only, however, Rask will make an appearance at the North Hills East Harris Teeter to personally introduce shoppers and fans to his Signature Sub Sandwich.  He will also be signing autographs.

Harris Teeter’s Fresh Foods Market offers made-to-order sandwiches and wraps daily and is proud to introduce “The Rasky Business” as Harris Teeter’s third and final Signature Sub Sandwich of the 2015-2016 season.

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Carolina Hurricanes center Victor Rask partners with Harris Teeter to debut his personally designed Signature Sub Sandwich

Carolina Hurricanes center Victor Rask partners with Harris Teeter to debut his personally designed Signature Sub Sandwich

CBL closes sale of 75% interest in River Ridge in Lynchburg, VA, to Liberty University

CHATTANOOGA, Tenn., 2016-Mar-14 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL) today announced progress on its mall disposition program. CBL closed on the sale of a 75% interest in River Ridge in Lynchburg, VA, to Liberty University. CBL received net cash proceeds of $33.5 million for the interest in River Ridge. CBL retains a 25% ownership position in the asset and is responsible for leasing and management, earning customary fees.

“We are pleased to announce further progress on our mall disposition program with the sale of a majority interest in River Ridge and to enter into a new partnership with Liberty University, an institution that recognizes the excellent value of the property,” said Stephen Lebovitz, CBL’s President & CEO. “The sale marks another milestone achievement in our portfolio transformation strategy. We look forward to continuing this progress throughout the year.”

Lebovitz added, “The new partnership between CBL and Liberty University has a strong vision for the future of River Ridge. The former Sears location provides a great opportunity to elevate the entire center through redevelopment of underutilized space, bringing new in-demand retail, entertainment and restaurants to the market. We look forward to making an announcement when plans have been finalized.”

“River Ridge represents part of an intentional diversification of Liberty University’s investment portfolio. Liberty’s commercial real estate holdings have performed well in recent years,” said Liberty University President, Jerry Falwell. “Liberty University has an economic impact on the Lynchburg region of more than $1 billion annually and is committed to the success and economic vitality of the region. The university is pleased to help implement CBL’s exciting vision for the mall and to assist in bringing new and improved services to the region.”

About Liberty University
Liberty University, founded in 1971, is the largest private, nonprofit university in the nation, the largest university in Virginia, and the largest Christian university in the world. Located near the Blue Ridge Mountains on more than 7,000 acres in Lynchburg, Va., Liberty offers more than 500 unique programs of study from the certificate to the doctoral level. More than 200 programs are offered online. Liberty’s mission is to train Champions for Christ with the values, knowledge, and skills essential for impacting tomorrow’s world.

About CBL & Associates Properties, Inc.
Headquartered in Chattanooga, TN, CBL is one of the largest and most active owners and developers of malls and shopping centers in the United States. CBL owns, holds interests in or manages 145 properties, including 90 regional malls/open-air centers. The properties are located in 30 states and total 84.1 million square feet including 6.4 million square feet of non-owned shopping centers managed for third parties. Additional information can be found at cblproperties.com.

Forward-Looking Statements
Information included herein contains “forward-looking statements” within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including without limitation the Company’s Annual Report on Form 10-K and the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included therein, for a discussion of such risks and uncertainties.

Investor Contact: Katie Reinsmidt, Senior Vice President – Investor Relations and Corporate Investments, 423.490.8301, katie.reinsmidt@cblproperties.com

Media Contact: Stacey Keating, Director of Public Relations, 423.490.8361, stacey.keating@cblproperties.com

Liberty University Contact: Mitzi Bible, Sr. Managing Editor of News Office 434.592.4955, mobible@liberty.edu