Defense Commissary Agency kicks off spring National Case Lot Sale events

FORT LEE, Va., 2016-Apr-09 — /EPR Retail News/ — Military members and their families in the U.S. wanting to load up on savings only need to venture as far as their local store during the Defense Commissary Agency’s spring National Case Lot Sale event.

“You cannot find a better deal than our case lot events to save up to 50 percent on some items,” said Tracie Russ, DeCA’s director of Sales. “Many of our savvy shoppers circle their calendars for these events – they never miss the chance to stock up.”

Each stateside store hosts an individual two- or three-day case lot sale. Sale dates begin in some locations as early as the first week in May and in others as late as the end of June. Patrons are encouraged to check the Case Lot Sales page for schedules. Commissaries in Alaska, Hawaii and Puerto Rico are also participating.

Commissaries in Europe and the Pacific, while not officially participating, may have substitute events such as sidewalk sales.

Case lot sales traditionally offer extraordinary discounts in case formats similar to commercial club stores. However, commissary case lot events also offer additional “mix and match” packages of similar items in bulk-size cases. These include grocery items such as barbecue sauces, canned tomatoes, beans, certain pasta meals, cereals, snacks, water, tea and juices.

Customers have a variety of options to choose from. Sale items include products in the following categories:

  • Fruit snacks, crackers, cereals, pastries, popcorn and potato chips
  • Water and flavored water, juices, juice mixes, sodas, sports drinks and milk
  • Frozen family meals
  • Pet supplies to include bagged and canned food, treats and cat litter
  • International foods such as Italian, Asian and Hispanic items
  • Cookies, brownies, pancakes and muffin mixes
  • Canned fruit and vegetables
  • Sandwich, storage and freezer bags; paper products and cleaning supplies such as bathroom tissue, fabric sheets and laundry detergent
  • Health and beauty care including diapers, wipes, soaps and body lotions

“Our case lot events are perfect for the shoppers who want to get the most of their commissary benefit through extra savings on bulk items,” Russ said. “It’s definitely worth the trip!”

Note: Photos related to this news release are on our Flickr page.

About DeCA: The Defense Commissary Agency operates a worldwide chain of commissaries providing groceries to military personnel, retirees and their families in a safe and secure shopping environment. Authorized patrons purchase items at cost plus a 5-percent surcharge, which covers the costs of building new commissaries and modernizing existing ones. Shoppers save an average of more than 30 percent on their purchases compared to commercial prices – savings amounting to thousands of dollars annually. A core military family support element, and a valued part of military pay and benefits, commissaries contribute to family readiness, enhance the quality of life for America’s military and their families, and help recruit and retain the best and brightest men and women to serve their country.

Media Contact:
Kevin L. Robinson
(804) 734-8000, Ext. 4-8773
kevin.robinson@deca.mil

 

 

PHILIPPINES: SM Foundation renovated 14 health centers and conducted 114 medical missions nationwide In 2015

Pasay City, Philippines, 2016-Apr-09 — /EPR Retail News/ — In 2015, SM Foundation further strengthened its health programs by focusing on the needs of its host communities. During the year, SM Foundation renovated 14 health centers and conducted a total of 114 medical missions which benefited 90,932 patients nationwide.

SM Foundation extended its support to the health and medical needs of the military last year. An example of this is the renovated Philippine National Police Special Action Force (SAF) Training Batch Dispensary in Sta. Rosa, Laguna. The room-turned-health facility now serves the members of SAF, branch employees, their dependents, as well as the 471 SAF commando students who are currently undertaking their training in the center.

Aside from the renovated structure, SM Foundation donated brand new equipment such as oxygen tanks with regulators and carriage, nebulizers, stethoscopes, surgical sets, and sterilizers. SM Foundation also donated new beds and other furnishings for the additional comfort of its patients and staff.

Other health facilities completed by the Foundation in 2015 include the La Trinidad Main Health Center, Tuy Main Health Center, Indang Main Health Center, the Soldier’s ward at the Camp Aquino Station Hospital, the Pediatric ward at the Laguna Provincial Hospital, the Out-patient ward at the Philippine General Hospital, and the Pediatric ward at the Ospital ng Paranaque to name a few.

Through upgraded health centers, these facilities can now serve more patients and increase their scope in accommodating different kinds of health and medical needs.

From its inception up to the end of December 2015, SM Foundation’s medical program renovated a total of 115 health centers.

Also supporting its aim of providing free and accessible health services, SM Foundation conducts medical missions throughout the country especially in areas where medical care may be too scarce or expensive.

Especially in times of calamities, SM Foundation conducts medical missions in tandem with its immediate disaster response program. In the aftermath of 2015’s Typhoon Lando, SM Foundation rolled out 14 medical missions to affected communities in Pangasinan, Nueva Vizcaya, Pampanga, La Union and Tarlac. SM Foundation also continued its medical support for the survivors of Typhoon Yolanda by conducting 9 medical missions for Yolanda-survivors in Leyte, Samar and Cebu.

SM Foundation likewise strengthened its efforts in combating specific diseases. In August 2015, it conducted a joint medical mission with the Philippine Business for Social Progress (PBSP) at the Sisters of Mary Girlstown Campus in Silang, Cavite. Here, students received free medical services from SM Foundation and also underwent check-ups for possible cases of tuberculosis through the joint effort of PBSP and local government units.

2015 also marked another milestone for SM Foundation’s medical mission program as it welcomed its fourth mobile clinic. The new mobile clinic will increase the number of communities served by its medical missions nationwide.

As of end 2015, SM Foundation’s medical missions have conducted a total of 1,131 medical missions which benefited 840,313 patients since it started.

Another health and medical initiative of SM Foundation is its Oral Health Project in Nasugbu, Batangas. This project aims to create awareness among children in Kinder and Grade 1, as well as their families, on good oral health and hygiene. The project is slated to run for five years, and started with an initial batch of 109 students in 2012. Dental check-ups and awareness seminars for the community are done in tandem with SM Foundation’s quarterly medical missions in Nasugbu.

This project is in partnership with the UP Pahinungod Society which helps deploy dentists to conduct the oral examinations, preventive and restorative treatment, and health education to the children.

As of end 2015, SM Foundation supported 271 students, now attending Grade 2.

The SM group, through SM Foundation, also believes in extending its health and wellness initiatives to its employees through the SM Employee Blood Bank. Established in 2011 and in partnership with the Department of Health Philippine Blood Center (DOH-PBC) and the Philippine Red Cross (PRC), the project holds bloodletting activities across the SM group and its subsidiaries. Collections are shared among the two blood banks of DOH-PBC and PRC and are made available to SM employees and their immediate relatives, free of charge.

In 2015, SM Foundation was able to collect 321,300 ml of blood or 714 bags from successful SM employee-volunteers. SM Foundation also received its fourth Jose Rizal Award from the Department of Health for this project last year.

SM Foundation believes that in order to empower communities, quality health care must be in reach. Decades after its establishment, SM Foundation continues to create more opportunities for its health and wellness programs to widen its reach and support the growth of even more communities.

About SM Foundation
SM Foundation envisions a Philippines where everyone has the opportunity for self-improvement and the environment is sustained for future generations.

For more than three decades, SM Foundation has served as the social development arm of the SM group of companies. Using its vast reach and presence in communities all over the country, SM commits itself to creating a cycle of positive change through strategic and targeted approaches and investments in areas of food security and sustainable agriculture, health and wellness, education, sustainable environment, shelter and care for people with special needs.

SM Foundation will continue to create opportunities wherever it goes as proof that wherever we are, opportunities are sure to follow.

For further information, please contact:

Connie Angeles
Executive Director for Health
SM Foundation, Inc.
Tel. No. 857-0100 loc. 1678
Email: healthandmedical@sm-foundation.org
sm-foundation.org

Source: SM Foundtion

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Creating Healthier Comm1

PHILIPPINES: SM Foundation renovated 14 health centers and conducted 114 medical missions nationwide In 2015

CarMax Foundation announces $5 million partnership with KaBOOM! to build playgrounds nationwide

CarMax is the first KaBOOM! corporate sponsor to serve military communities, partnership to kick off today with playground builds in El Cajon, CA and Fort Worth, TX

RICHMOND, VA, 2016-Apr-09 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, announces today the launch of a new, $5 million partnership with KaBOOM!. The CarMax Foundation and KaBOOM!, a national nonprofit organization dedicated to giving kids the childhood they deserve by bringing play to those who need it most, have successfully provided 100,000 kids across the nation with access to play. This partnership aims to triple their impact by reaching a total of 300,000 children by the end of 2018. To celebrate the official coast-to-coast launch of the partnership, more than 400 volunteers will simultaneously build two new playgrounds today, April 7, in El Cajon, Calif. and Fort Worth, TX.

CarMax and KaBOOM! will provide grants to fund building or improving 79 play spaces by the end of 2018, bringing play to those most in need. In addition, CarMax is the first KaBOOM! corporate sponsor bringing play spaces to our military and veteran families over the next three years while also providing them with community support and career opportunities.

“CarMax is committed to giving back to and supporting the communities we are a part of – without them, CarMax could not be successful,” said Craig Cronheim, president of The CarMax Foundation.

“Our associates across the country will impact countless families by helping get kids moving and playing.”

This partnership will have three distinct areas of impact. First, 33 nationwide community-built playgrounds will be designed by children and built by volunteers from local partners and thousands of CarMax associates.

Second, a donation of 34 Imagination Playgrounds and 12 Rigamajigs will be made to select partner organizations. Lastly, four of these playgrounds and 12 Rigamajigs will be built in military communities and 18 of the Imagination Playgrounds will be donated to military serving non-profits over the next three years.

The CarMax Foundation focuses nationally on children’s healthy living. This focus is directed by CarMax associates who have expressed a desire to help youth in their communities get moving to live happier, healthier lives.

“The CarMax Foundation is a powerful champion for kids across America, creating wonderful opportunities for kids in need of play. The commitment and enthusiasm of CarMax associates is unsurpassed, and great things happen when they roll up their sleeves as volunteers to build playgrounds in the communities where they live, work, and play,” said James Siegal, CEO of KaBOOM!. “We are thrilled to continue our amazing partnership with CarMax for another three years and grateful that we and CarMax share a passion for ensuring all kids get the childhood they deserve filled with play.”

Join the national discussion about the importance of play in fostering healthy and productive lives on social media using #playmatters, #carmaxbuild , #ElCajon, #FtWorth and follow the work of KaBOOM! (@KaBOOM!) and CarMax (@CarMaxCares).

About The CarMax Foundation

The CarMax Foundation is designed to enrich the communities where our associates live and work and has donated more than $30 million since 2003. Funding programs are made available through a portion of CarMax, Inc.’s pre-tax profits. CarMax, a member of the FORTUNE 500 and the S&P 500, and on the FORTUNE 100 Best Companies to Work For® list for 12 consecutive years, is the nation’s largest retailer of used vehicles. Headquartered in Richmond, Va., CarMax currently operates 158 stores in 78 markets. The consumer offer features low, no haggle prices, a broad selection of CarMax Quality Certified used cars, and superior customer service. During the twelve months ended February 28, 2015, the company retailed 582,282 used vehicles and sold 376,186 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at http://www.carmax.com/. For more information about The CarMax Foundation, visit foundation.carmax.com.

About KaBOOM!

KaBOOM! is the national non-profit dedicated to giving all kids – particularly those growing up in poverty in America – the childhood they deserve filled with balanced and active play, so they can thrive. Since 1996, KaBOOM! has collaborated with partners to build, open or improve nearly 16,300 playgrounds, engaged more than one million volunteers and served 8.1 million kids. KaBOOM! creates great places to play, inspires communities to promote and support play, and works to drive the national discussion about the importance of play in fostering healthy and productive lives. To learn why #playmatters and why cities are embracing #playability: visit kaboom.org or join the conversation at twitter.com/kaboom or facebook.com/kaboom.

CarMax now hiring associates for its new store in Bristol, TN

One of FORTUNE Magazine’s 100 Best Companies to Work For® is Now Accepting Applications

RICHMOND, Virginia, 2016-Apr-09 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, is currently hiring associates for the company’s new store in Bristol, TN. The store is scheduled to open in August 2016 at 449 Pinnacle Parkway.

This location is CarMax’s 8th store in Tennessee, and is more than 35,000 square-feet. Applications are now being accepted on the retailer’s website at http://jobs.carmax.com.

Who is CarMax Hiring?

· CarMax is seeking applicants for full and part-time positions.

· Available positions include sales, business office, and service operations positions including inventory, service advisors and technicians.

· Technicians require previous automotive experience, however most positions do not.

· Many CarMax associates have worked for other major retailers, such as Target, Lowe’s, Wal-Mart and Macy’s.

How Can Job Seekers Apply?

Why Work at CarMax?

· CarMax is committed to hiring people with strong values of integrity, transparency and respect. We live these values every day and they drive how we treat our associates and our customers.

· CarMax offers unmatched training and support for associate career growth.

· CarMax offers competitive pay and a comprehensive benefits package.

· Stores are equipped with climate controlled, state-of-the-art service bays with quality equipment, and associates also receive discounts on car purchases and other services.

· CarMax is recognized as one of FORTUNE magazine’s 100 Best Companies to Work For® (12 years in a row), 50 Best Workplaces for Diversity, and 20 Best Workplaces in Retail, as well as one of TRAINING Magazine’s “Training Top 125” companies in America.

About CarMax
CarMax, a member of the FORTUNE 500 and the S&P 500 is the nation’s largest retailer of used vehicles. Headquartered in Richmond, Virginia, CarMax currently operates 158 superstores in 78 markets. The CarMax consumer offer features low, no-haggle prices, a broad selection of CarMax Quality Certified used vehicles, and superior customer service. During the 12 months ending February 28, 2015, the company retailed 582,282 used cars and sold 376,186 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at www.carmax.com.

Media Contact

Beth Singer, CarMax Public Relations, (804) 747-0422 ext. 3447
pr@carmax.com

@CarMax

facebook.com/CarMax

Forever 21 further expand its digital presence by unveiling #F21xMusic on its Tumblr account

LOS ANGELES, CA, 2016-Apr-09 — /EPR Retail News/ — Forever 21, one of the world’s most followed brands on social media, continues to expand its digital presence by unveiling #F21xMusic on the brand’s first ever dedicated Tumblr account: Forever21.Tumblr.com

The Forever 21 Tumblr is a curated hub of discovery for music and fashion that integrates all content for #F21xMusic – a designated hashtag for the brand’s music initiatives. The Forever 21 Tumblr will grant fans insider access to exclusive interviews, Spotify playlists, pictures from the hottest music festivals from around the globe, ticket giveaways and content from up-and coming to established artists. In working with the major and independent labels, Forever 21 Tumblr’s launch will include interviews and content from more than 15 artists throughout the first month. Forever 21 fans will also find styling tips for how to perfect effortless off-duty music style as well as the best street style looks from fans that upload an ensemble of themselves in Forever 21 using #F21xMusic. The brand’s other social channels will incorporate additional music content including Snapchat takeovers by some of today’s most in demand artists and Instagram posts combining music and fashion.

“We are thrilled to launch a new social media platform to connect with our fans. With Tumblr’s highly engaged millennial user base, it was the perfect platform for us to continue engaging with our fans but with a fresh spin. We are offering our customers a unique online one-stop destination for music and fashion,” said Linda Chang, Vice President of Merchandising at Forever 21.

The Forever 21 Tumblr page launches April 4, 2016.

Forever21.Tumblr.com  #F21xMusic

ABOUT FOREVER 21
Forever 21, Inc., headquartered in Los Angeles, California, is a fashion retailer of women’s, men’s and kids clothing and accessories and is known for offering the hottest, most current fashion trends at a great value to consumers. This model operates by keeping the store exciting with new merchandise brought in daily. Founded in 1984, Forever 21 operates more than 730 stores in 48 countries with retailers in the United States, Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Israel, Japan, Korea, Latin America, Mexico, Philippines and United Kingdom. For more information please visit: www.newsroom.forever21.com

 

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Forever 21 further expand its digital presence by unveiling #F21xMusic on its Tumblr account

Forever 21 further expand its digital presence by unveiling #F21xMusic on its Tumblr account

Gap Inc. announces March net sales for the five-week period ended April 2, 2016

SAN FRANCISCO, 2016-Apr-09 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today reported that net sales for the five-week period ended April 2, 2016 were $1.43 billion compared with net sales of $1.53 billion for the five-week period ended April 4, 2015.

“While March proved challenging, we remain focused on taking the necessary steps to improve results across the portfolio throughout the year,” said Sabrina Simmons, chief financial officer, Gap Inc.

March Comparable Sales Results

Gap Inc.’s comparable sales for March 2016 were down 6 percent versus a 2 percent increase last year. Comparable sales by global brand for March 2016 were as follows:

  • Gap Global: negative 3 percent versus negative 7 percent last year
  • Banana Republic Global: negative 14 percent versus negative 3 percent last year
  • Old Navy Global: negative 6 percent versus positive 14 percent last year

The company noted that it is entering April with more inventory than planned which the company expects will pressure its gross margin rate for the first quarter of fiscal year 2016.

Additional insight into Gap Inc.’s sales performance is available by calling 1-800-GAP-NEWS (1-800-427-6397). International callers may call 706-902-4949. The recording will be available at approximately 1:15 p.m. Pacific Time on April 7, 2016 and available for replay until 1:15 p.m. Pacific Time on April 15, 2016.

April Sales
The company will report April sales at 1:15 p.m. Pacific Time on Monday, May 9, 2016.

About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2015 net sales were $15.8 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, over 400 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

MEDIA CONTACT
press@gap.com

Intershop and Business & Decision partnership to realize digitalization projects throughout Europe

  • Partnership to further Intershop’s continued partner strategy
  • Special focus on potential of big data and business intelligence

Jena, Germany, 2016-Apr-09 — /EPR Retail News/ — Intershop, the largest independent technology vendor for omni-channel commerce solutions, and Business & Decision today announced their newly formed partnership.

The combined expertise of both companies will help joint customers to realize ambitious digitalization projects throughout Europe, putting extra focus on France. By complementing its portfolio with Intershop’s Commerce Suite, Business & Decision can offer its wide customer base a technology that will help them find the relevant answers to the challenges of their business, especially with respect to the potential of big data. Standardized Interfaces (APIs) of Intershop’s commerce platform and the Synaptic Commerce approach facilitate easy integration with existing or new systems, e.g. for leveraging data of connecting CRM or Business Intelligence tools.

Eric Magneron, Director at Business & Decision says about the partnership: “In order to provide our customers the best solutions for data management we are eager to offer them access to the most innovative technologies. Our partnership with Intershop clearly reflects that strategy. For the greatest benefit of our joint customers we dedicate strong efforts and resources to the Intershop Partner Program.”

Axel Köhler, COO at Intershop comments: “Big data and e-commerce are yet to unfold their joint potential. This partnership is set to leverage just that. Of course, we are also proud to see a major player such as Business & Decision joining our partner community. It proves the attractiveness of our partner program and documents our sustainable partner strategy.”

About Business & Decision
Business & Decision, an international Consulting and Systems Integration (CSI) company, is a leader in Business Intelligence (BI) and CRM, and itsa major player in e-Business. We leverage a unique combination of technical, functional and industry specialization, as well as partnerships with all of the key software vendors, to deliver maximum-value projects and help clients break through barriers to innovation such as Big Data and digital transformation. Business & Decision operates in 15 countries and employs over 2,500 people in France and worldwide. More information: www.businessdecision.com; Twitter; Linkedin

About Intershop
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Bosch, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.

This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop’s limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

MEDIA CONTACT

Intershop Public Relations
Heide Rausch

Phone: +49 3641 50-1000
Fax: +49 3641 50-1309
E-Mail

L Brands March sales: 5% increase YoY

ANNOUNCES STRATEGIC ACTIONS AT VICTORIA’S SECRET  

COLUMBUS, Ohio, 2016-Apr-09 — /EPR Retail News/ — L Brands, Inc. (NYSE:LB) reported net sales increased 5% to $1.027 billion for the five weeks ended April 2, 2016, compared to net sales of $981.2 million for the five weeks ended April 4 , 2015.  Comparable sales for the five weeks ended April 2, 2016 , increased 3% and were negatively impacted by the earlier Easter this year by approximately 1 to 2 points.

The company reported net sales of $1.876 billion for the nine weeks ended April 2, 2016 , an increase of 5% compared to sales of $1.787 billion for the nine weeks ended April 4 , 2015.  Comparable sales for the nine weeks ended April 2, 2016 , increased 4%.

The company also announced changes at Victoria’s Secret designed to further focus the brand on its core merchandise categories and streamline operations.  These actions include:

  • Restructuring the organization into three business units:  Victoria’s Secret Lingerie, PINK and Victoria’s Secret Beauty.  The leaders of these business units will continue to report directly to Leslie H. Wexner , chairman and CEO.
  • Integrating the direct business as a primarily digital channel within the Victoria’s Secret and PINK businesses to align with how customers engage with the brands.
  • Focusing resources on core merchandise categories, where the company believes the greatest growth potential exists. This will involve the elimination of certain merchandise categories.
  • Evolving how the business connects with customers through more focus on loyalty programs and brand-building engagement rather than traditional catalogues and offers.
  • Streamlining the organization through the elimination of approximately 200 Columbus and New York home office associates.

“Coming off a record year, now is the best time to make improvements … going from best to even better,” said Wexner.  “We are making these changes to accelerate our growth and to strengthen the business for the long term by narrowing our focus and simplifying our operating model. I am certain that these changes are necessary for our industry-leading brands to reach their significant potential … nonetheless, decisions about people are the most difficult ones to make, and we are taking care to support associates who are being affected by these changes.”

Further detail and information about the ongoing impact of these actions will be provided on the company’s first quarter earnings call on May 19 .

To hear further commentary provided on L Brands’ prerecorded March sales message, call 1-866-639-7583, or log onto www.LB.com for an audio replay.

ABOUT L BRANDS :
L Brands , through Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel, is an international company.  The company operates 3,005 company-owned specialty stores in the United States , Canada and the United Kingdom , and its brands are sold in more than 700 additional franchised locations worldwide.  The company’s products are also available online at www.VictoriasSecret.com, www.BathandBodyWorks.comwww.HenriBendel.com and www.LaSenza.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

We caution that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this press release or the March sales call or made by our company or our management involve risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. Accordingly, our future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Words such as “estimate,” “project,” “plan,” “believe,” “expect,” “anticipate,” “intend,” “planned,” “potential” and any similar expressions may identify forward-looking statements. Risks associated with the following factors, among others, in some cases have affected and in the future could affect our financial performance and actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements included in this press release or the March sales call or otherwise made by our company or our management:

  • general economic conditions, consumer confidence, consumer spending patterns and market disruptions including severe weather conditions, natural disasters, health hazards, terrorist activities, financial crises, political crises or other major events, or the prospect of these events;
  • the seasonality of our business;
  • the dependence on mall traffic and the availability of suitable store locations on appropriate terms;
  • our ability to grow through new store openings and existing store remodels and expansions;
  • our ability to successfully expand internationally and related risks;
  • our relationships with independent franchise, license and wholesale partners;
  • our direct channel businesses;
  • our ability to protect our reputation and our brand images;
  • our ability to attract customers with marketing, advertising and promotional programs;
  • our ability to protect our trade names, trademarks and patents;
  • the highly competitive nature of the retail industry and the segments in which we operate;
  • consumer acceptance of our products and our ability to keep up with fashion trends, develop new merchandise and launch new product lines successfully;
  • our ability to source, distribute and sell goods and materials on a global basis, including risks related to:
    • political instability, significant health hazards, environmental hazards or natural disasters;
    • duties, taxes and other charges;
    • legal and regulatory matters;
    • volatility in currency exchange rates;
    • local business practices and political issues;
    • potential delays or disruptions in shipping and transportation and related pricing impacts;
    • disruption due to labor disputes; and
    • changing expectations regarding product safety due to new legislation;
  • our geographic concentration of supplier and distribution facilities in central Ohio ;
  • fluctuations in foreign currency exchange rates;
  • stock price volatility;
  • our ability to pay dividends and related effects;
  • our ability to maintain our credit rating;
  • our ability to service or refinance our debt;
  • our ability to retain key personnel;
  • our ability to attract, develop and retain qualified employees and manage labor-related costs;
  • the ability of our manufacturers to deliver products in a timely manner, meet quality standards and comply with applicable laws and regulations;
  • fluctuations in product input costs;
  • fluctuations in energy costs;
  • increases in the costs of mailing, paper and printing;
  • claims arising from our self-insurance;
  • our ability to implement and maintain information technology systems and to protect associated data;
  • our ability to maintain the security of customer, associate, supplier or company information;
  • our ability to comply with regulatory requirements;
  • legal and compliance matters; and
  • tax matters.

We are not under any obligation and do not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release or the March sales call to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized. Additional information regarding these and other factors can be found in Item 1A. Risk Factors in our 2015 Annual Report on Form 10-K.

L Brands:
Investor Relations
Amie Preston
(614) 415-6704
apreston@lb.com

Media Relations
Tammy Roberts Myers
(614) 415-7072
communications@lb.com

SOURCE: L Brands Inc

Details for upcoming Toys“R”Us fourth quarter 2015 Lenders and Note Investors Conference Call

WAYNE, NJ, 2016-Apr-09 — /EPR Retail News/ — Details for the previously announced Toys“R”Us, Inc. fourth quarter 2015 Lenders and Note Investors Conference Call are provided below. On the call, the company’s leadership team will discuss the financial results of Toys“R”Us, Inc., Toys“R”Us – Delaware, Inc., and Toys“R”Us Property Company II, LLC at 3:00 p.m. ET on Friday, April 15, 2016. Participation in this call is limited to lenders under Toys“R”Us – Delaware, Inc.’s term loan credit agreement dated August 24, 2010 (as amended or supplemented, including by the joinder agreements dated May 25, 2011, April 10, 2012, and October 24, 2014), and to investors and prospective investors in Toys“R”Us Property Company II, LLC’s 8.50% Senior Secured Notes due 2017 and Toys“R”Us, Inc.’s 10.375% Senior Notes due 2017, 7.375% Senior Notes due 2018 and 8.75% Debentures due 2021.

Lenders, investors and prospective investors in the loans and notes set forth above who would like to request participation in this conference call should visit the following link to register and request dial-in information.

https://toysrus.ier.intercall.com

All requests to participate in the call must be submitted via the link above by 5 p.m. ET on Thursday, April 14, 2016. Dial-in information will be subsequently provided.

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 864 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in more than 750 international stores and more than 250 licensed stores in 37 countries and jurisdictions. With its strong portfolio of e-commerce sites including Toysrus.com and Babiesrus.com, the company provides shoppers with a broad online selection of distinctive toy and baby products. Toys“R”Us, Inc. is headquartered in Wayne, NJ, and 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 on Toysrusinc.com.

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For more information please contact:

Lenders and Note Investors:

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

Media:

Elizabeth Gaerlan, Director, Corporate Communications at 973-617-5632 or Elizabeth.Gaerlan@toysrus.com

Alyssa Peera, Manager, Corporate Communications at 973-617-5634 or Alyssa.Peera@toysrus.com

Whole Foods Market to host supplier fair on April 16, 2016

Local Food Artisans and Small Business Owners to Meet with Buyers for Future Englewood Store

AUSTIN, Texas, 2016-Apr-09 — /EPR Retail News/ — Whole Foods Market, the world’s leading natural and organic foods grocer, will host a supplier fair to find new local, South Side-based products for its upcoming Englewood location. The small business event is intended to educate prospective new suppliers on the company’s Quality Standards and process for becoming a supplier as well as connect startups with business resources.

“We love supporting local food artisans and producers who share our passion for quality products made from pure, simple ingredients,” says Whole Foods Market Midwest Local Forager, Julie Blubaugh. “This event is a great opportunity to meet with potential suppliers and find the unique flavors that make Chicago special, and support budding companies find the resources they need to grow.”

During the event, interested suppliers will learn about Whole Foods Market’s Quality Standards and supplier process, and then meet individual with buyers to discuss their products in more detail. Local companies specializing in financing, insurance and packaging will also be on-hand to answer questions many food entrepreneurs encounter.

The small business event takes place Saturday, April 16, 2016 from 10 a.m. to 2:00 p.m. at Hamilton Park Fieldhouse, 513 W. 72nd St. in Chicago’s Englewood neighborhood. Prospective attendees may email MW.Local.Supplier.Submissions@WholeFoods.com for additional information.

Since 1980, Whole Foods Market has led the grocery industry with its Quality Standards. These high standards for quality and transparency offers shoppers access to delicious, pure foods; minimally-processed body care products and environmentally-friendly cleaning products. The Englewood Whole Foods Market store, located at the intersection of 63rd and Halsted Streets is expected to open in September of 2016.

EXPERTS

Michael Bashaw

President – Midwest Region

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

Whole Foods Market to open its first store in East Lansing on April 13, 2016

New location includes in-house made sausages, in-house smoked bacon, coffee bar and taproom 

AUSTIN, Texas, 2016-Apr-09 — /EPR Retail News/ — Whole Foods Market, the world’s leading natural and organic grocer, opens its first store in East Lansing Wednesday, April 13, 2016. The new 44,853 square-foot store at 2750 E. Grand River Ave. in East Lansing, Michigan will celebrate the grand opening with music, food and many more surprises for all who attend.

“We are so thrilled to join the East Lansing community, and hope everyone can make it out to celebrate the very first Whole Foods Market in East Lansing with us,” says Sarah Tack, Whole Foods Market East Lansing Store Team Leader. “We have a fantastic store full of the best tasting natural and organic foods ranging from every day grocery staples to chef-driven prepared food offerings that we believe everyone will love.”

The new Whole Foods Market features a variety of new prepared foods and beverage venues as well as classic Whole Foods Market options for shoppers to choose from including:

  • Green State Bar and Grill – with 16 taps of rotating local and hard to find beers
  • Kitchen Express- featuring burgers, hot sandwiches and breakfast options
  • Gelato station – featuring 12 made fresh in-house gelato, sorbets and frozen Greek yogurt flavors
  • Coffee Bar – offering light, medium and dark roasted coffees, espresso drinks and blended beverages, and smoothies
  • Other exiting features- self-serve Neapolitan-style pizza; salad, soup and hot bar, sushi and an olive bar

With a large variety of custom-cut meats, organic and local produce, and pantry staples, Whole Foods Market East Lansing is the go-to grocer for every level of food explorers. Highlights include:

  • Over 150 organic produce offerings and, in peak season, around 20 Michigan-grown choices
  • Over 140 back-to-basics bulk pantry staples, more than 40 bulk spices and three grind-your-own nut butters
  • More than 7,000 natural and organic grocery staples
  • Fifteen varieties of cakes and tarts, plus an assortment of individual desserts
  • Over a dozen in-house made sausages
  • Twelve varieties of bread daily
  • A thousand-plus wines and hundreds of cheeses
  • In-house smoked bacon and seafood options
  • Café seating for over 75 indoor and more than 35 outdoors

To celebrate opening day, Whole Foods Market will host its version of a ribbon cutting called a “Bread-Breaking Ceremony” with Whole Foods Market Team Members and East Lansing neighbors beginning at 8:45 a.m. Doors and shopping officially begin at 9 a.m. The first 500 customers through the doors will receive a Whole Foods Market Promotional Card with a mystery value between $5 and $500 with one lucky customer winning the $500 amount.

Whole Foods Market’s strict Quality Standards for food prohibit artificial colors, flavors, sweeteners and preservatives. Products on the shelves are evaluated on ingredients, but also ideology, philosophy, proper labeling and careful evaluation as part of a commitment made to customers to build a business with high standards that flow through all aspects of the company. These commitments include:

  • Produce: Responsibly grown produce is chosen by expert buyers and rated based off organic certification, farming practices that impact the environment and human heath.
  • Meat: All beef, pork, chicken and turkey in the Meat Department comes from farms that have achieved certification in the Global Animal Partnership’s 5-StepTM Animal Welfare Rating Program.
  • Seafood: The Seafood Department has the highest Quality Standards for seafood in the business by working with scientists, fishermen, government agencies and environmental organizations such as the Marine Stewardship Council to gather information about aquaculture and wild-capture fisheries, ensuring customers can make the best environmental choices when purchasing seafood.
  • Prepared Foods: The Prepared Foods Department’s grab-and-go meals and diverse food venues are all made with high quality natural and organic ingredients available throughout the store, from 5-Step rated meat to organic produce.

Whole Foods Market’s dedication to quality and service extends beyond the brick and mortar of the store.

“At Whole Foods Market, we are committed to serving communities holistically, working with local organizations long before opening day, and building meaningful long-term relationships,” adds Tack.

Whole Foods Market’s new store in East Lansing will also empower Team Members and customers to support local causes. In celebration of opening week, the store will hold five “Days of Community Giving,” where 1 percent of each day’s sales will be donated to an East Lansing-based organization including:

  • Wednesday, April 13 – Women Working Wonders
  • Thursday, April 14 – The Junior League of Lansing
  • Friday, April 15 – Gateway Youth Services
  • Saturday, April 16 – Clean Water Action of Michigan
  • Sunday, April 17 – REACH Studio Art Center

Another way Whole Foods Market will support the East Lansing community is through its One Dime at a Time program which provides an incentive to customers who bring their own bags for shopping and helps develop stronger communities.  At the register, customers will have the option to receive a 10-cent per bag refund as cash back off their purchase or they can choose to donate it to that month’s selected charity organization. Whole Foods Market East Lansing’s first One Dime at a Time recipient will be Greater Lansing Food Bank.

This is the first location in East Lansing, Michigan; Whole Foods Market has four other Michigan stores in the Detroit metro including Rochester Hills at 2918 Walton Boulevard; West Bloomfield at 7350 Orchard Lake Road; Troy at 2880 West Maple Road; Detroit at 115 Mack Avenue and two locations in Ann Arbor, 990 Eisenhower Parkway and 3135 Washtenaw Avenue.

EXPERTS

Michael Bashaw

President – Midwest Region

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

365 by Whole Foods Market™ to open its first location on May 25 in the Silver Lake neighborhood of Los Angeles

Featuring ‘Friends of 365’ Allegro Coffee Company, teaBOT and by CHLOE.; partners Loomstate and Instacart

AUSTIN, Texas, 2016-Apr-09 — /EPR Retail News/ — Today (April 7, 2016), 365 by Whole Foods Market™ announced it will open its highly anticipated first location on May 25 in the Silver Lake neighborhood of Los Angeles. Designed to complement the Whole Foods Market® (NASDAQ: WFM) brand by bringing fresh, healthy food to a broader audience with a streamlined, quality-meets-value shopping experience, 365 by Whole Foods Market stores will feature a curated mix of products that adhere to the company’s industry-leading quality standards in an environment that’s fun and convenient for shoppers.

Silver Lake’s 365 by Whole Foods Market will host several “Friends of 365” through partnerships with by CHLOE., as well as Allegro Coffee Company and teaBOT, a new retail platform that provides custom grab-and-go tea in under 30 seconds. Friends of 365 is an opportunity for innovative businesses and entrepreneurs that align with the mission and quality standards of Whole Foods Market to establish their own independent retail spaces inside of 365 by Whole Foods Market stores.

Allegro Coffee Company will expand its coffee experience with the craft brew bar, serving customers hot coffee, cold beer and a selection of food items. Toronto-based startup teaBOT will install an efficient self-serve kiosk, allowing customers to personalize tea by mixing up to three of 18 different teas and herbal ingredients. Popular New York -based vegan restaurant by CHLOE. will offer guests a diverse menu of plant-based foods, including burgers, salads, market specials, pastas and sweets, that can be enjoyed in the restaurant, taken to-go or to a communal dine-in experience elsewhere in the store.

“With each store, we’re looking to curate a unique experience. Allegro’s craft brew bar will provide a casual place for Silver Lake residents to relax before or after they shop, while teaBOT’s unique service will offer a quick, yet deeply personalized tea-making experience,” said Jeff Turnas, president of 365 by Whole Foods Market. “We’ve really dedicated ourselves to partnering with like-minded companies that are doing new and interesting things in their respective field to bring a truly unique shopping experience that complements our thoughtfully curated selection of foods.”

To provide shoppers with added convenience, 365 by Whole Foods Market stores will offer online ordering and delivery services through Instacart.

365 by Whole Foods Market also selected sustainable casual goods purveyor Loomstate to custom design team member apparel for its stores. Loomstate was chosen for its contemporary looks, sustainable practices and commitment to organic products.

The Silver Lake Los Angeles location will also feature hand-picked product selections from Whole Foods Market’s 365 Everyday Value® brand products as well as select local and branded products. Two additional 365 by Whole Foods Market locations will open in 2016 – in Bellevue, Washington, and Portland, Oregon. Up to 10 stores are expected to open in 2017.

EXPERTS

Jeff Turnas

President – 365 by Whole Foods Market

Jeff Turnas is president of 365 by Whole Foods Market. He was appointed to lead Whole Foods Market’s new retail store brand in June 2015.

Rite Aid Corporation announces operating results for its fourth quarter and fiscal year ended February 27, 2016

  • Revenues of $8.3 Billion for the Fourth Quarter, Up 20.8 Percent Year-Over-Year and $30.7 Billion for the Full Year, Up 15.9 Percent Year-Over-Year 
  • Fourth Quarter Adjusted Net Income Per Diluted Share of $0.07, Compared to the Prior Yearof $0.06; Full Year Adjusted Net Income Per Diluted Share of $0.23, Compared to the Prior Year  of $0.27 
  • Fourth Quarter Net Income Per Diluted Share of $0.06, Compared to the Prior Year of $1.79; Full Year Net Income Per Diluted Share of $0.16, Compared to the Prior Year of $2.08
  • Prior Year’s Fourth Quarter and Full Year Net Income Benefited from a Deferred Tax Valuation Allowance Adjustment of $1.841 Billion, or Approximately $1.80 Per Diluted Share 
  • Adjusted EBITDA of $383.0 Million for the Fourth Quarter, Up 11.6 Percent Year-Over-Year  and $1,402.3 Million for the Full Year, Up 6.0 Percent Year-Over-Year

CAMP HILL, Pa., 2016-Apr-09 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD) today reported operating results for its fourth quarter and fiscal year ended February 27, 2016.

For the fourth quarter, the company reported revenues of $8.3 billion, net income of $65.6 million, or $0.06 per diluted share, Adjusted net income of $76.1 million, or $0.07 per diluted share and Adjusted EBITDA of

$383.0 million, or 4.6 percent of revenues. For the full year, the company reported revenues of $30.7 billion, net income of $165.5 million, or $0.16 per diluted share, Adjusted net income of $241.0 million or $0.23 per diluted share and Adjusted EBITDA of $1,402.3 million, or 4.6 percent of revenues.

“Our positive fourth-quarter results helped us deliver a successful fiscal year that reflects the tremendous progress we’re making to expand our retail healthcare offering,” said Rite Aid Chairman and CEO John Standley. “In the fourth quarter, we generated nearly $40 million of growth in Adjusted EBITDA, including an increase in our Retail Pharmacy Segment and strong results from our new Pharmacy Services Segment. This was one of many key highlights of fiscal 2016, which was a transformational year that saw us acquire EnvisionRx, launch the ground-breaking wellness+ with Plenti program, complete our 2,000th Wellness store and exceed $30 billion in revenues for the first time.”

“We look forward to building upon this success and to continue delivering a higher level of care in the communities we serve. We thank our dedicated Rite Aid associates for their hard work in executing our strategy and providing an even better retail healthcare experience for our customers. We’re also excited about our opportunity to join forces with Walgreens Boots Alliance to further expand consumer access to health care as part of the first global, pharmacy-led health and wellbeing enterprise.”

Fourth Quarter Summary
Revenues for the quarter were $8.3 billion compared to revenues of $6.8 billion in the prior year’s fourth quarter, an increase of $1.4 billion or 20.8 percent. Retail Pharmacy Segment revenues were $6.8 billion and decreased 0.3 percent compared to the prior year period primarily as a result of a decrease in same store sales. Pharmacy Services Segment revenues were $1.5 billion.

Same store sales for the quarter decreased 0.6 percent over the prior year, consisting of a 0.8 percent decrease in pharmacy sales and a 0.4 percent decrease in front-end sales. Pharmacy sales included an approximate 241 basis point negative impact from new generic introductions. The number of prescriptions filled in same stores increased 0.1 percent over the prior year period. Prescription sales accounted for 68.1 percent of total drugstore sales, and third party prescription revenue was 97.9 percent of pharmacy sales.

Adjusted net income (which is reconciled to net income in the attached tables) was $76.1 million or $0.07 per diluted share compared to last year’s fourth quarter adjusted net income of $65.2 million or $0.06 per diluted share.

Adjusted EBITDA (which is reconciled to net income in the attached tables) was $383.0 million or 4.6 percent of revenues for the fourth quarter compared to $343.3 million or 5.0 percent of revenues for the same period last year. Adjusted EBITDA improved due to $34.2 million of Pharmacy Services Segment Adjusted EBITDA and an increase of $5.5 million in Retail Pharmacy Segment Adjusted EBITDA. The increase in Retail Pharmacy Segment Adjusted EBITDA was driven by an increase in front-end gross profit, partially offset by a decrease in pharmacy gross profit and an increase in selling, general and administrative expenses.

In the fourth quarter, the company opened 3 stores, relocated 10 stores, remodeled 89 stores and expanded 1 store, bringing the total number of wellness stores chainwide to 2,042. The company also acquired 2 stores and closed 4 stores, resulting in a total store count of 4,561 at the end of the fourth quarter. The company also opened 3 clinics in the fourth quarter, bringing the total to 78.

Full Year Results
For the fiscal year ended February 27, 2016, Rite Aid had revenues of $30.7 billion compared to revenues of  $26.5 billion in the prior year, an increase of $4.2 billion or 15.9 percent. Retail Pharmacy Segment revenues were $26.9 billion and increased 1.3 percent compared to the prior year primarily as a result of an increase in same store sales. Pharmacy Services Segment revenues were $4.1 billion from the date of the acquisition of EnvisionRx, which was June 24, 2015, through the end of the fiscal year.

Same store sales for the year increased 1.3 percent consisting of a 1.8 percent increase in pharmacy sales and a  0.2 percent increase in front end sales. Pharmacy sales included an approximate 221 basis point negative impact from new generic introductions. The number of prescriptions filled in same stores increased 0.5 percent over the prior year period. Prescription sales accounted for 69.1 percent of total drugstore sales, and third party prescription revenue was 97.8 percent of pharmacy sales.

Adjusted net income for fiscal 2016 was $241.0 million or $0.23 per diluted share compared to last year’s adjusted net income of $273.0 million or $0.27 per diluted share. The decline in adjusted net income resulted primarily from increased interest expense incurred in connection with the company’s acquisition of EnvisionRx and higher depreciation expense related to an increase in capital spending, partially offset by an increase in Adjusted EBITDA.

Adjusted EBITDA was $1,402.3 million or 4.6 percent of revenues for the year compared to $1,322.8 million or  5.0 percent of revenues for last year. Adjusted EBITDA improved due to $101.4 million of Pharmacy Services Segment Adjusted EBITDA, partially offset by a decrease of $21.9 million in Retail Pharmacy Segment Adjusted EBITDA. The decrease in Retail Pharmacy Segment Adjusted EBITDA was due to an increase in selling, general and administrative expenses related to our higher level of sales and a decrease in pharmacy gross profit, partially offset by an increase in front-end gross profit.

Operating cash flow for fiscal 2016 was approximately $1.0 billion, due to strong Adjusted EBITDA results and contributions from working capital management. Working capital primarily benefited from a reduction in store level pharmacy inventory. The company used this operating cash flow to fund capital expenditures and to reduce borrowings following the acquisition of EnvisionRx.

For the year, the company relocated 20 stores, acquired 6 stores, remodeled 412 stores, expanded 2 stores, opened  5 stores, and closed 20 stores. The company also opened 23 clinics during the fiscal year.

As previously announced on October 27, 2015, Rite Aid and Walgreens Boots Alliance, Inc. (“WBA”) entered into a definitive agreement under which WBA will acquire all outstanding shares of Rite Aid for $9.00 per share in cash, for a total enterprise value of approximately $17.2 billion, including acquired net debt. The board of directors of both companies and Rite Aid’s shareholders have approved the transaction, which is subject to certain conditions, including, among others, the receipt of approval under applicable antitrust laws and other customary closing conditions. The transaction is expected to close in the second half of calendar 2016.

Given the agreement with WBA described above, and as is customary for transactions of this type, Rite Aid does not intend to provide earnings guidance for fiscal 2017.

Rite Aid is one of the nation’s leading drugstore chains with 4,561 stores in 31 states and the District of Columbia. Information about Rite Aid, including corporate background and press releases, is available through Rite Aid’s website at www.riteaid.com.

Cautionary Statement Regarding Forward Looking Statements 

Statements in this release that are not historical and statements regarding the expected timing of the closing of the proposed merger and the ability of the parties to complete such transaction considering the various closing conditions and any assumptions underlying any of the foregoing, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” and “will” and variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including, but not limited to, our high level of indebtedness and our ability to make interest and principal payments on our debt and satisfy the other covenants contained in our debt agreements, general economic, market and competitive conditions, our ability to improve the operating performance of our stores in accordance with our long term strategy, the impact of private and public third-party payers continued reduction in prescription drug reimbursements and efforts to encourage mail order, our ability to manage expenses and our investments in working capital, outcomes of legal and regulatory matters, changes in legislation or regulations, including healthcare reform, and risks related to the proposed merger. These and other risks, assumptions and uncertainties are more fully described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K, in the definitive proxy statement that we filed with the Securities and Exchange Commission on December 21, 2015 in connection with the proposed merger, and in other documents that we file or furnish with the Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Additionally, there can be no assurance that the proposed merger will be completed, or if it is completed, that it will close within the anticipated time period or that the expected benefits of the proposed merger will be realized. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Rite Aid expressly disclaims any current intention to update publicly any forward-looking statement after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise. 

Reconciliation of Non-GAAP Financial Measures

The company separately reports financial results on the basis of Adjusted Net Income, Adjusted Net Income per diluted share, and Adjusted EBITDA, which are non-GAAP financial measures. See the attached tables for a reconciliation of Adjusted Net Income, Adjusted Net Income per diluted share and Adjusted EBITDA to net income, which is a comparable GAAP financial measure. Adjusted Net Income and Adjusted Net Income per diluted share excludes amortization of EnvisionRx intangible assets, acquisition-related costs, loss on debt retirements and LIFO adjustments. Adjusted EBITDA is defined as net income excluding the impact of income taxes (and any corresponding adjustments to tax indemnification asset), interest expense, depreciation and amortization, LIFO adjustments, charges or credits for facility closing and impairment, inventory write-downs related to store closings, debt retirements and other items (including stock-based compensation expense, sale of assets and investments and revenue deferrals related to our customer loyalty program). 

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Click Here for 4th Quarter Results Detail

Contact:

Investors: Matt Schroeder 717-214-8867 or investor@riteaid.com

Media: Susan Henderson 717-730-7766

Raiffeisenbank Straubing eG has selects Wincor Nixdorf to renew and modernize its branch network

Paderborn, Germany, 2016-Apr-09 — /EPR Retail News/ — In the course of its plans to renew and modernize its branch network, Raiffeisenbank Straubing eG has chosen Wincor Nixdorf to create the concept. Implementation of the new concept began in Salching, where Wincor Nixdorf’s Branch & Store Modernization unit has converted the bank’s branch from a classic setup to a service and advice center with two consulting rooms and a completely open area for clients. The branch was reopened in February 2016.

In Salching, Wincor Nixdorf has created a bright and spacious branch without a back office as such. The branch functions have been adjusted to support a new strategic focus. Instead of a typical counter with staff on one side, there is a counter that clients can use from all sides. The very open concept and the white, partially illuminated interior furnishings turn this branch into a place that makes customers and staff alike feel good. The consulting rooms are also bright, and have opaque glass panes to ensure greater privacy. Another eye-catcher is an illuminated indoor stone wall in a rural style.

“The redesigned branch has gone down really well with our clients. The premises provide a very pleasant and communicative atmosphere,” said Rainer Haas, CEO of Raiffeisenbank Straubing eG. Alexander Beeck, Senior Interior Designer at Wincor Nixdorf, pointed out that the innovative branch concept supports the transformation of banking in an ideal manner. “Together with Raiffeisenbank Straubing, we have optimized the bank’s functions.”

Wincor Nixdorf’s Branch & Store Modernization unit offers scalable solutions for branch and store modernization, ranging from integration of new systems at existing branches/stores or at off-premise locations and extending to complete redesign of existing ones. As part of an overall concept, it supports banks – from consulting, analysis of needs and concept creation, to implementation of a turnkey branch, including supervision of construction work. It thus takes charge of all planning services and coordinates implementation with the necessary partners.

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

SOURCE: Wincor Nixdorf

Citi ThankYou Points can now be used to purchase on BestBuy.com

Minneapolis, MN, 2016-Apr-09 — /EPR Retail News/ — Forget checking the couch cushions for spare change. It’s time to check your credit card rewards balance for unused points instead.

Best Buy customers can now use Citi ThankYou Points to pay for all or a portion of most purchases made on BestBuy.com, making it easy and convenient to redeem their points for top tech products.

Consumer electronics are already among the most sought-after redemption categories in the ThankYou Rewards program, and this partnership offers a new, more versatile way for Citi ThankYou members to get items they want the most.

It’s a big win for consumers because they’re now able to redeem points toward virtually any product sold at BestBuy.com, not just a preselected assortment in a rewards catalog. Plus, they can take advantage of sale prices, and they can opt forStore Pickup to get their order right away. (Customers will be able to return items at any Best Buy store, as well.)

“Our partnership with Best Buy is another important milestone for on-demand points redemption that offers members the flexibility to choose to cover all or part of any purchase made on BestBuy.com,” said Mary Hines, Citi’s managing director for benefits, new product development and global rewards.

The partnership between Best Buy and Citi is part of a broader trend of consumers being able to use rewards points as currency. Last year, Best Buy and American Express teamed up to launch “Pay With Points,” to allow customers to redeem their American Express Membership Rewards points to pay for all purchases at BestBuy.com (except e-gift cards).

To pay with points, Citi or American Express rewards members can simply visit BestBuy.com, select the items they wish to buy and enter an eligible credit card at checkout. They can then view their available points balance and select how many points they would like to apply, up to the full purchase amount. After completing the purchase, the full amount will be billed to the customer’s credit card statement. They will receive a statement credit for the dollar value of the points used within 24 to 48 hours.

As technology continues to evolve, so, does the way shoppers pay for goods and services. That’s why Best Buy gives our customers many options. In addition to the old staples of cash, checks and credit cards, we also accept mobile payment platforms such Apple Pay, Android Pay and Samsung Pay, as well as Visa Checkout, PayPal and now AmEx and Citi rewards points.

So go check your rewards balance for unused points. You might just be able to turn them into that new TV or smartphone you’ve been saving up for.

Media Inquiries
612.231.5146 / press@bestbuy.com

SOURCE: Best Buy

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Best Buy expands its test of same-day delivery service to 13 major metro markets across the United States

Minneapolis, MN, 2016-Apr-09 — /EPR Retail News/ — Want to get your hands on the latest technology — or everyday must-haves like printer ink — quickly but don’t have time to stop by a store? Best Buy has good news for you.

The company announced Wednesday that it’s expanding its test of same-day delivery service to 13 major metro markets across the United States.

We started the pilot in San Francisco last fall and expanded it to New York early this year. We’ve since added Atlanta, Boston, Chicago, Dallas, Houston, Las Vegas, Los Angeles, Miami, Philadelphia, Seattle and Washington, D.C.

The same-day delivery initiative is part of Best Buy’s ongoing commitment to improving the in-store and online shopping experience. We want our shoppers to be able to get what they want, when and where they want it.

That’s why we partnered with Deliv, a California company that’s the leader in same-day delivery for retail. Deliv driver partners pick up orders and deliver them directly to our customers.

Customers in participating markets will have most products — thousands, in fact — delivered to their doorsteps on the same day they’re ordered. Anyone with a ZIP code in an eligible market can select same-day delivery under “Expedited Shipping” when choosing a shipping option on BestBuy.com.

Prices vary, with an average cost of $10 to $20 per order. That’s about the same price as one-day business express shipping. Same-day delivery for printer ink is currently free.

Orders must be placed on BestBuy.com by 3 p.m. local time and will be delivered by 9 p.m. that day. Deliv does not provide the service on Sundays or for items weighing more than 50 pounds.

Our stores also play a key role in this pilot because same-day delivery orders aren’t filled at a warehouse but at one of the more than 165 Best Buy stores in the Deliv markets. Seventy percent of Americans live within 15 minutes of a Best Buy store, making it possible for us to get products from the stores to our customers the same day they order on BestBuy.com.

Of course, same-day delivery isn’t the only option for customers who want to shop online and get their orders fast. Check out free Store Pickup at all Best Buy stores, which lets shoppers to pick up orders at the location that’s most convenient for them.

Media Inquiries
612.231.5146 / press@bestbuy.com

SOURCE: Best Buy

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Best Buy expands its test of same-day delivery service to 13 major metro markets across the United States

Best Buy expands its test of same-day delivery service to 13 major metro markets across the United States

Wider selection of Maytag appliances now available at Best Buy

Minneapolis, MN, 2016-Apr-09 — /EPR Retail News/ — Best Buy’s family of appliances is getting a bit bigger. We will be selling Maytag appliances — including a French door refrigerator, front-load washer, 10-cycle dryer and stainless steel gas range — at more than 600 stores later this week. The products are already available at BestBuy.com.

Maytag is a longstanding brand, started in the late 1800s, and is now owned by Whirlpool Corporation.

“Our goal is to give our customers the best selection of top appliances, and partnering with Whirlpool Corporation to offer Maytag products is the latest example of that commitment,” said Kevin Balon, senior vice president of Appliances at Best Buy.

This isn’t Maytag’s first appearance at Best Buy. Pacific Kitchen & Home has always carried Maytag appliances, including more than 200 models within Best Buy stores for the last several years.

Whirlpool Corporation, the No. 1 major appliance manufacturer in the world, also currently offers Whirlpool, KitchenAid and Amana appliances at Best Buy. Whirpool Corporation employs more than 97,000 people and has 70 manufacturing and technology research centers.

SOURCE: Best Buy

 

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Wider selection of Maytag appliances now available at Best Buy

Wider selection of Maytag appliances now available at Best Buy

EPR Retail News