Daily Archives: April 13, 2016

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CBRE: Vacancy in the U.S. office market increased to 13.2% during first quarter of 2016

Los Angeles, CA, 2016-Apr-13 — /EPR Retail News/ — Vacancy in the U.S. office market inched up by 10 basis points (bps) during the first quarter of 2016 (Q1 2016), rising to 13.2%, according to the latest analysis from CBRE Group, Inc. Even with the increase, the national office vacancy rate remains at the lowest level since 2008.

Despite the slight increase, vacancy continued to improve in the majority of U.S. markets, with rates falling in 33 markets, rising in 25, and remaining unchanged in five. Suburban vacancy remained at 14.7% while downtown vacancy increased by 10 bps, to 10.4%. The overall national office vacancy rate has fallen 70 bps over the past four quarters.

“The office market paused in Q1 2016 after several strong quarters as economic uncertainty and market volatility weighed on occupancy decisions,” said Jeffrey Havsy, Americas’ chief economist for CBRE. “Despite this, demand for space remains healthy fueled by steady job growth, and we expect the market to continue to strengthen at a modest pace the remainder of the year.”

Detroit recorded one of the largest quarterly declines of 130 bps, while Nashville, Louisville, Columbus, Cleveland, Milwaukee, San Diego and Seattle declined by 60 bps or more. Overall, markets in California and Southeast saw the greatest improvement in the last four quarters. Among these were San Jose, Nashville, Oakland, Detroit, Jacksonville, Orlando and Atlanta. The nation’s lowest vacancy rates in Q1 2016 were in San Francisco (6.3%), Nashville (6.6), Austin (7.7%), Albany (8.0%), San Jose and Raleigh (8.7%).

The slight rise in the national vacancy rate was fueled by significant new supply coming to certain markets including Boston, Washington D.C., Dallas and Orange County. Compounding that issue, Washington had negative absorption and Dallas only modest absorption, trailing this new supply. However, vacancy rates are higher than they were a year ago in just 13 markets—including Houston, Trenton, Newark, Richmond, Pittsburgh and Denver.

“We expect the U.S. office market to improve in 2016 as the U.S. economy continues to expand, moving closer to full employment and driving demand for office space,” noted Mr. Havsy. “Office demand is expected to outpace new supply in the next two years, further tightening the vacancy rate and keeping rent growth above inflation in a majority of the U.S. office markets.”

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue).  The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide.  CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.  Please visit our website at www.cbre.com.

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Gordy’s Market announces the opening of its new store in South Broadway Street in Stanley, WI

CHIPPEWA FALLS, WISC, 2016-Apr-13 — /EPR Retail News/ — Gordy’s Market is pleased to announce they have opened their 25th store as of this morning. Gordy’s announced in September 2015 that they would be breaking ground in October 2015 for a new store on South Broadway Street in Stanley, WI.

“We are excited to join the community of Stanley and continue to expand our reach into Central Wisconsin,” said Jeff Schafer, President of Gordy’s Market. “We look forward to offering an excellent variety of fresh products, low prices and family-friendly services; the standards in which our family-owned business was founded on.”

The 20,000 square foot store will add over 60 new jobs to the Stanley community. The store will mirror the new store décor, debuted in their newest Chippewa Falls, WI location.  Gordy’s signature deli, bakery, meat, and produce departments will be featured, in addition to offering Organic items from their Full Circle line.

Gordy’s has also partnered with Dan Acker from the Stanley Travel Stop Shell Fuel Station adjacent to their new store on South Broadway Street to offer Gas Rewards! to Stanley shoppers. Customers will be able to earn the Gas Rewards! fuel discounts at Gordy’s Market on specially marked products throughout the weekly ad and redeem these rewards at the Stanley Travel Stop.

The building design was completed by River Valley Architects and construction was carried out by Hoeft Builders. The new store opens in time for Gordy’s 50th Anniversary.

Gordy Schafer opened his first grocery store in Chippewa Falls in 1966. Gordy’s has been a family owned and operated business ever since. They now operate 25 Gordy’s grocery stores throughout West Central Wisconsin and combined, employs more than 2,000 people.

For more information, contact:
Maggie Cook, Marketing Director
Gordy’s Market
maggiec@gordysinc.com

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Gordy’s Market announces the opening of its new store in South Broadway Street in Stanley, WI

Gordy’s Market announces the opening of its new store in South Broadway Street in Stanley, WI

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Gordy’s Market announces the launch of new, revamped version of its website gordys.com

CHIPPEWA FALLS, WISC, 2016-Apr-13 — /EPR Retail News/ —  Gordy’s Market is pleased to announce the launch of a new, revamped version of its website, which coincides with the change to their website’s url, gordys.com. With customers at the forefront of the new design, Gordy’s Market partnered with a local web developer, JB Systems, LLC, based out of Eau Claire, WI, to create an improved user interface while maintaining a number of features from their old site, gordyscountymarket.net, with increased functionality.

Key features of the site include a more organized and aesthetically pleasing layout, a more engaging user experience with the addition of a “My Gordy’s” account and interactive weekly ad, an improved shopping list that integrates the weekly ad, recipes, as well as allowing items to be manually added, automatic Gas Rewards! tracking, and the capability to bookmark favorite pages to the homescreen of your mobile device.

“We are excited to offer our customers an innovative online experience with Gordy’s Market,” said Jenna Schafer, VP of Marketing. “The updated look and feel of gordys.com provides a fresh new way to interact with our stores, providing a unique and personal touch to shopping with us.”

The sites refreshed and streamlined design, combined with enriched content and optimization for mobile devices, not only allows visitors to better interact with Gordy’s Market online, but at store level, as well.  “Our mission as an independent grocer is to provide a user experience rivaling that of larger retailers,” said Maggie Cook, Marketing Director. “We are constantly researching and developing new methods for connecting with millennials, as well as ways to continue improving the shopping experience all customers have been accustomed to at Gordy’s.”

This marks Phase One of the launch of gordys.com with additional phase launches planned for later in 2016.

 

About Gordy’s Market
Gordy Schafer opened his first grocery store in Chippewa Falls in 1966. Gordy’s has been a family owned and operated business ever since. They currently operate 25 Gordy’s grocery stores (their newest store opens Wednesday, April 13 in Stanley, WI). Combined, Gordy’s employs more than 2,000 people throughout West Central Wisconsin.

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Gordy’s Market announces the launch of new, revamped version of its website gordys.com

Gordy’s Market announces the launch of new, revamped version of its website gordys.com

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Jewelry retailer James Avery launches Charm Event for 2016

Purchase two charms plus any eligible bracelet or charm holder and receive $49 off

KERRVILLE, TEXAS, 2016-Apr-13 — /EPR Retail News/ — James Avery, a family-owned jewelry retailer, announces the launch of its Charm Event for 2016 through all of the company’s sales channels. Starting today and running through May 31st, patrons who purchase two charms plus any eligible charm bracelet, hook-on bracelet, or charm holder in a single transaction will receive $49 off the transaction while supplies last.

Known for their 60-year heritage of artistry, tradition, and craftsmanship, James Avery offers an inspiring selection of keepsake charms and elegant casual and faith collections, all designed to capture the special moments of life.

“Charms have been a considerable part of our product line since this company was founded over 60 years ago” says John McCullough, Executive Vice President of Sales and Marketing at James Avery. “Building a charm bracelet is such a simple, yet meaningful way someone can commemorate special occasions, and celebrate things they love most.”

The promotion is running in each of the company’s 70 retail stores across the South and Midwest and at select Dillard’s locations. To find a James Avery store or a participating Dillard’s location near you, visit jamesavery.com/storelocations. Customers may also take advantage of this offer by ordering online at jamesavery.com or by phone at 1-800-283-1770.

About James Avery Jewelry®
Established in 1954, the company has grown from a one-man endeavor in a garage, into a team of over 2,000 employees. Designs are originated by artisans in the James Avery design studio and then finely crafted and produced in the company’s five workshops. Learn more about James Avery online at jamesavery.com/about or on Facebook at facebook.com/JamesAvery.

About the Promotion
Purchase two James Avery charms* and an eligible charm foundation (charm bracelet, hook-on bracelet, or charm holder) in a single transaction and receive $49 off the transaction. Offer valid April 11 – May 31, 2016 while supplies last. Available at JamesAvery.com, James Avery retail stores, James Avery Customer Service, at select Dillard’s Department Stores, and at Dillards.com. May not be combined with any other offer or applied to previous purchases. James Avery Jewelry® reserves the right to limit quantities. No cash/credit back.

*Glass Enhancer Beads do not count as James Avery Charms for this promotion.

SOURCE: James Avery Craftsman Inc.

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London & Cambridge Properties Limited announces two new occupiers for Glanvilles Mill Shopping Centre in Ivybridge

LONDON, 2016-Apr-13 — /EPR Retail News/ — Acting on behalf of LCP, property consultants Alder King and Millington Tunnicliffe have secured two new occupiers for Glanvilles Mill Shopping Centre in Ivybridge.

Units 6 and 7 totalling 1,100 sq ft have been let to Barnardo’s for a 10 year term at a rent of £24,000 per annum.  Barnardo’s is one of the UK’s largest children’s charities supporting children, young carers and families looking to foster and adopt throughout the UK.

Unit 35 was let in early February to Essential Adventure Limited, a local Ivybridge activity and adventure company which provides outdoor pursuits, adventure sports and team building events across the South West.

Glanvilles Mill Shopping Centre is located in the heart of Ivybridge town centre, offering 27 retail units.  It is anchored by a Co-operative supermarket and hosts a mix of regional, national and local businesses including Post Office, Newsome Opticians, Connells Estate Agents, Warrens Bakers, Maitlands Estate Agents, Salvation Army, and Go Mobile.

Howard Roddis, Asset Manager for LCP Properties, comments “We are delighted to welcome two new tenants to Glanvilles Mill. We’re committed to investing in the centre and providing shoppers with a facility that provides a wide retail offer.”

Lee Southan of Alder King added: “This is an exciting time for Glanvilles Mill which has benefited from significant investment to upgrade the local centre and enhance the retail accommodation.  As a result we are seeing a good level of interest from national and local occupiers looking to take space in the scheme.

“We still have some units available ranging from circa 350 sq ft up to 650 sq ft, some with the ability to be combined.”

London & Cambridge Properties Limited
LCP House
The Pensnett Estate
Kingswinford
DY6 7NA
Tel: 01384 400123
Fax: 01384 400862

20th Floor
Millbank Tower
Millbank
London SW1P 4QP
Tel: 020 7233 5255
Fax: 020 7233 5266

Email: propertyenquiry@lcpproperties.co.uk

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Sprouts Farmers Market to release financial results for first quarter ended April 3, 2016 on May 5, 2016

PHOENIX, 2016-Apr-13 — /EPR Retail News/ — Sprouts Farmers Market, Inc. (Nasdaq:SFM) today announced it will issue financial results for the first quarter ended April 3, 2016 before the market opens on Thursday, May 5, 2016. Following the release, Sprouts management will conduct a conference call at 7:00 a.m. PDT (10:00 a.m. EDT) to discuss the results for the quarter.

A webcast of the conference call will be available on the Investor Relations section of the Company’s website at investors.sprouts.com. Participants should register on the website approximately 10 minutes prior to the start of the webcast.

The conference call will be available via the following dial- in numbers:

  • U.S. Participants: 877-398-9481
  • International Participants: Dial +1-408-337-0130
  • Conference ID: 88859558

The audio replay will remain available for 72 hours and can be accessed by dialing 855-859-2056 (toll-free) or 404-537-3406 (international) and entering the confirmation code: 88859558.

About Sprouts Farmers Market
Sprouts Farmers Market, Inc. is a healthy grocery store offering fresh, natural and organic foods at great prices. Sprouts offers a complete shopping experience that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, natural body care and household items catering to consumers’ growing interest in health and wellness. Headquartered in Phoenix, Arizona, Sprouts employs more than 21,000 team members and operates more than 220 stores in 13 states from coast to coast. For more information, visit www.sprouts.com or @sproutsfm on Twitter.

Investor Contact:
Susannah Livingston
(602) 682-1584
susannahlivingston@sprouts.com

Media Contact:
Donna Egan
(602) 682-3152
donnaegan@sprouts.com

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EROSKI renueva su compromiso con la innovación en eco-diseño para reducir el impacto ambiental de sus envases

  • Se trata de la única empresa del sector de la Distribución presente en la iniciativa impulsada por el Gobierno Vasco
  • EROSKI participa también en el nuevo Plan Empresarial de Prevención (PEP) de Ecoembes para prevenir en origen la generación de residuos de los envases y el impacto ambiental derivado de los residuos que generen
  • Con sus proyectos de ecodiseño EROSKI prevé reducir en más de 123 toneladas las emisiones equivalentes de CO2 en tres años

Ha firmado esta mañana la renovación de su condición de socio del Basque Ecodesign Center 

BILBAO, España, 2016-Apr-13 — /EPR Retail News/ — EROSKI ha renovado esta mañana su condición de socio del Basque Ecodesign Center, entidad constituida en un marco de colaboración entre empresas del sector privado y el Gobierno Vasco, cuyo objetivo es la conceptualización y ejecución de proyectos innovadores de ecodiseño. La cooperativa es la única empresa del sector de la distribución presente en la inciativa.

El director de Responsabilidad Social de EROSKI, Alejandro Martínez Berriochoa, ha sido el encargado de rubricar la renovación en presencia de la Consejera de Medio Ambiente y Política Territorial del Gobierno Vasco, Ana Oregi. Durante la firma Berriochoa ha recordado que “EROSKI se mantiene fiel a su compromiso con el medio ambiente y siguiendo su plan estratégico, cuyo objetivo es alcanzar la sostenibilidad ambiental a través de la eficiencia de los procesos, continúa innovando en todas las áreas de su actividad, lo que incluye también el diseño de los envases y embalajes de nuestros productos para reducir su impacto. El compromiso que EROSKI renueva hoy con el Basque Ecodesign Center es firme en la integración de criterios de sostenibilidad en nuestras tiendas desde el refuerzo del ecodiseño en nuestros productos de marca propia”.

Martínez Berriochoa ha recordado que la cooperativa trabaja actualmente en diversos proyectos de ecodiseño de envases, dentro de su Plan de Sostenibilidad y Medio Ambiente que define un objetivo de reducción de emisiones de CO2 de un 12% para el período 2013-2016. “Fruto de las mejoras aplicadas en el diseño de los productos prevemos reducir en más de 123 toneladas las emisiones equivalente de CO2 en tres años”, ha detallado.

Proyectos destacados

Entre los proyectos abordados en el ámbito del EcoDiseño de envases por EROSKI en 2015 destacan cinco actuaciones enmarcadas en el ámbito del reciclaje a través del uso de envases cuyos materiales sean compatibles para el reciclado y en el ámbito de rediseño a través de la reducción del volumen del producto para utilizar menor cantidad de envase y también del aligeramiento del mismo por cambio de diseño.

Así, la cooperativa ha abordado el rediseño del envase de dieciocho formatos de cosmética decorativa de marca propia transformándolos en monomateriales. El cambio ha consistido en sustituir el anterior envase compuesto por plástico y cartón, lo que interfería negativamente en los procesos de reciclado, por el nuevo diseñado solamente con plástico en todos sus elementos facilitando así la correcta gestión del residuo final. El resultado arroja una previsión de ahorro de 111 toneladas  de emisiones equivalentes de CO2 en tres años.

Otro de los proyectos desarrollados durante el pasado ejercicio ha sido el rediseño de dos de sus suavizantes de marca propia a los que se les ha modificado sus características originales para transformarlos en concentrados pero conservando la misma función. De esta manera se ha mejorado la relación entre el número de dosis equivalentes y la cantidad de envase necesario para su comercialización. Esta actuación supone un ahorro de  11 toneladas de emisiones equivalentes de CO2 en tres años.

Asimismo, también se han rediseñado las cajas expositoras de tres productos de cuidado personal de la marca propia Belle & Care dotándoles de mayor capacidad, lo que permite que la relación peso de envase/peso de producto disminuye con respecto al modelo anterior y, por tanto, presenta un expositor más eficiente. Esta innovación en el diseño ha reportado en el paso ejercicio un ahorro superior a una tonelada de emisiones equivalentes de CO2 en tres años.

EROSKI participa también en la actualización permanente de la Guía de EcoDiseño editada por IHOBE, Sociedad Pública de Gestión Ambiental del Gobierno Vasco.

Además, Fundación EROSKI desde 2015 está participando en un consorcio en relación a la sostenibilidad del sector vinícola en varias regiones europeas.

Datos de contacto con el Departamento de Comunicación:
944 158 642 comunicacion@eroski.es

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EROSKI renueva su compromiso con la innovación en eco-diseño para reducir el impacto ambiental de sus envases

EROSKI renueva su compromiso con la innovación en eco-diseño para reducir el impacto ambiental de sus envases

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NRF VP for Supply Chain and Customs Policy Jonathan Gold appointed to Department of Commerce’s Advisory Committee

WASHINGTON, DC, 2016-Apr-13 — /EPR Retail News/ — National Retail Federation Vice President for Supply Chain and Customs Policy Jonathan Gold has been appointed to the Department of Commerce’s Advisory Committee on Supply Chain Competitiveness, NRF said today. Established in 2011, the committee consists of 45 senior-level private sector supply chain experts and industry representatives who advise Commerce, the Transportation Department and other government agencies on supply chain issues that affect the international competitiveness of U.S. businesses.

“I’m honored by this appointment,” Gold said. “The global supply chain is critical to the success of any retailer, as well as the overall economy. This committee plays an important role in not only identifying ongoing challenges, but also developing solutions to ensure the competitiveness of American companies. As the nation’s largest private-sector employer, it is critical that the retail industry’s supply chain works as efficiently as possible in order to provide consumers with a wide range of product choices on a daily basis.”

At NRF, Gold is responsible for representing the retail industry before Congress and the administration on supply chain, international trade, and customs-related issues impacting the retail industry. In this role he led NRF’s efforts in support of passage of the Trade Promotion Authority and approval of the Trans-Pacific Partnership, traveled to Bangladesh to assess improvements in worker safety, helped convince the White House to intervene in last year’s West Coast ports slowdown, and has been a leading advocate of the value of trade and imports to the U.S. economy.

Prior to joining NRF in 2007, Gold served as a policy analyst in the Office of Policy and Planning for U.S. Customs and Border Protection. He joined CBP in May 2006 and was responsible for providing policy guidance on issues surrounding maritime cargo security and trade-related matters. Gold also worked on implementation issues surrounding the SAFE Port Act and other issues within the agency including CBP intelligence reform, pandemic flu and trade facilitation.

Gold has served in several leadership positions influencing supply chain and customs policy over the past 15 years. He was appointed to the Departmental Advisory Committee on Commercial Operations of Customs and Border Protection and Related Homeland Security Functions in January 2005. He also served on the International Trade Advisory Committee on Distribution Services, which is responsible for advising the federal government on trade negotiations. Gold currently serves on the board of directors of the Waterfront Coalition.

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities, and the critical role that retail plays in driving innovation. nrf.com

Robin Roberts
press@nrf.com
(855) NRF-Press

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Kimco Realty acquires remaining interest in Oakwood Plaza shopping center and Dania Pointe development project in Florida

NEW HYDE PARK, NEW YORK, 2016-Apr-13 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) today announced it has acquired from Canada Pension Plan Investment Board the remaining 45% ownership interest in the Oakwood Plaza shopping center and the Dania Pointe development project for a gross price of $299.2 million, including the assumption of $100.0 million of mortgage debt.

Located in Hollywood, Fla., Oakwood Plaza and Dania Pointe are adjacent properties situated along a heavily traveled section of I-95 (260,000 cars/day) with approximately two miles of freeway frontage. In addition, the properties are in close proximity to the busy Fort Lauderdale-Hollywood International Airport (24.6 million annual passengers) and Port Everglades international cruise port (3.8 million annual passengers).

Oakwood Plaza is a fully-occupied, 900,000-square-foot open-air center featuring a collection of national tenants including Home Depot, Marshalls, HomeGoods, Ross Stores, Michaels, PetSmart, BJ’s and Regal Cinemas. The gross purchase price for Oakwood Plaza was $215.0 million including the assumption of $100.0 million of mortgage debt.

Dania Pointe is a mixed-use, ground-up development project that will include approximately 900,000 square feet of retail stores and restaurants, 1,000 luxury apartments, two hotels totaling 300 rooms and two office towers. Phase I will be a traditional 318,000-square-foot open-air power center with construction expected to begin in the fall of 2016. Phase II will be a lifestyle center featuring 575,000 square feet of main-street retail, residential towers and office buildings; construction for Phase II is scheduled to start at the end of 2017. The Dania Pointe project will benefit from the estimated daytime population in excess of 1 million people within a 15-minute drive time.

This transaction is reflective of Kimco’s 2020 Vision of owning large, high-quality assets in major metro markets in the U.S., while continuing to reduce its joint venture portfolio. Oakwood Plaza ranks second in Kimco’s Top 10 assets based on net operating income (NOI) and, when completed, Dania Point will be the company’s highest NOI producing property.

First Quarter Transaction Activity:

Transaction activity continues to reflect net selling and accumulation of capital. During the first quarter of 2016, Kimco completed gross transactions totaling approximately $460.8 million including the disposition of 7 Canadian shopping centers as part of the company’s pure-play U.S. shopping center initiative.

Dispositions:

  • The company sold interests in seven Canadian shopping centers totaling 1.7 million square feet for a gross sales price of USD $322.9 million, including the assumption of USD $119.7 million of existing mortgage debt. Kimco’s share of the sales price and debt assumption was USD $155.3 million and USD $57.5 million, respectively.
  • Kimco sold six U.S. properties, totaling 767,000 square feet, for a gross sales price of $107.6 million. The company’s share from these sales was $103.7 million.
  • Kimco additionally sold four land parcels for a gross sales price of $6.1 million. Included in these land sales and as previously announced, the company sold 9.2 acres in Spring, Texas (Houston – The Woodlands – Sugar Land metropolitan statistical area or “MSA”) to the Target Corporation for the construction of a new store to anchor Kimco’s new 450,000-square-foot Grand Parkway Marketplace.

Acquisitions:

  • As previously announced, Kimco acquired the remaining 50% ownership interest in the Owings Mill Mall (Baltimore-Columbia-Towson MSA) for $11.5 million. Separately, the company also acquired the parcels owned by J.C. Penney Company, Inc. and Macy’s, Inc. for $5.2 million and $7.5 million, respectively. As a result of these transactions, Kimco owns 100% of the Owings Mills Mall and plans to develop a new open-air center in its place.

ABOUT KIMCO
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of December 31, 2015, the company owned interests in 564 U.S. shopping centers comprising 90 million square feet of leasable space across 38 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

SAFE HARBOR STATEMENT
The statements in this news release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates and management’s ability to estimate the impact thereof, (vii) risks related to the company’s international operations, (viii) the availability of suitable acquisition and disposition opportunities, and risks related to acquisitions not performing in accordance with our expectations, (ix) valuation and risks related to the company’s joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s SEC filings. Copies of each filing may be obtained from the company or the SEC.

The company refers you to the documents filed by the company from time to time with the SEC, specifically the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2015, as it may be updated or supplemented in the company’s Quarterly Reports on Form 10- Q and the company’s other filings filed with the SEC, which discuss these and other factors that could adversely affect the company’s results.

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CONTACT:
David F. Bujnicki
Senior Vice President, Investor Relations and Strategy
Kimco Realty Corp.
1-866-831-4297
dbujnicki@kimcorealty.com

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Best Buy: Pro football star Von Miller now also a Geek Squad agent

Minneapolis, MN, 2016-Apr-13 — /EPR Retail News/ — Von Miller is a Super Bowl MVP, dancing phenom, self-proclaimed nerd and now… an official Geek.

The pro football star filled out a Geek Squad job app Sunday night and, true to Geek Squad tradition was deputized in record time by Geek Squad Chief Inspector Nate Bauer Monday morning. With that came a nifty new badge. (It usually takes 18 months for agents to earn one.)

No doubt excited, Von took to social media to show it off.

Later, he shared with everyone his firsthand experience assisting on a house call with Agent Bauer and rolling in the brand-new Toyota Prius C Geekmobile that was revealed Monday.

The world took notice. His posts on Instagram generated almost 200,000 total views and 53,000 likes. And, on Twitter, he was retweeted nearly 600 times.

Sports Illustrated was impressed by Von’s geeky new gig, and Fox Sports definitely felt all that geek love, too.

Best Buy and Geek Squad could not be more pumped to have Agent Miller join the team, if only for one day.

SOURCE: Best Buy

Media Inquiries
612.231.5146 / press@bestbuy.com

 

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Best Buy: Pro football star Von Miller now also Geek Squad agent

Best Buy: Pro football star Von Miller now also Geek Squad agent

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Albert Heijn: Gezonde variatie met 8 producten onder eigen merk

Zaandam, the Netherlands, 2016-Apr-13 — /EPR Retail News/ — In het schap met rijst en graanproducten van Albert Heijn liggen vanaf deze week acht nieuwe producten onder het Albert Heijn eigen merk. Variërend van rode splitlinzen tot groene spliterwten en van kidneybonen tot kikkererwten. Onze klanten zoeken steeds meer naar gezondere en duurzamere producten als basis voor hun maaltijd. Pasta, rijst en vlees worden daarom regelmatig vervangen door peulvruchten of andere graanproducten.

De nieuwe producten in het schap zijn van het vertrouwde AH eigen merk. Ze geven klanten nog meer mogelijkheden om te variëren en nieuwe smaken te ontdekken. Het nieuwe assortiment bestaat uit:

  • Groene spliterwten
  • Rode kidneybonen
  • Groene linzen
  • Kikkerwten
  • Rode splitlinzen
  • Popcorn Mais
  • Quinoa
  • Bulgur

Goed voor jezelf en het milieu

2016 is uitgeroepen tot het jaar van de peul. Bonen, linzen en erwten zijn een duurzame bron van eiwitten en rijk aan vezels, vitamine-b, ijzer, calcium en fosfor. Linzen zijn rijk aan koolhydraten en kunnen bijvoorbeeld dienen als vervanging voor de aardappel. Niet voor niets adviseert het Voedingscentrum in de nieuwe Schijf van Vijf om meer peulvruchten te eten. Het is goed voor jezelf en voor het milieu omdat je die dag geen vlees hoeft te eten.

Linzen zijn de oudst geteelde groenten die we kennen en gepofte maïs wordt al sinds de 16e eeuw gegeten. In het oude Egypte, Griekenland en Rome waren spliterwten al favoriet. Ze zijn zoet van smaak en goed te verwerken in bijvoorbeeld zelfgemaakte erwtensoep. De rode splitlinzen hebben een subtiele zoete smaak en vallen tijdens bereiding uit elkaar, waardoor ze geschikt zijn voor stoofpotten, curry’s en dips. Ook de kidneybonen gaan eeuwen terug en hebben een Amerikaanse oorsprong. In de 15e eeuw kwamen ze vanuit Amerika in Europa terecht. Ze hebben een lichtzoete smaak en zijn goed te combineren in Zuid-Amerikaanse gerechten, zoals een Mexicaanse bonensalade.

Naast productinformatie staan op de verpakking ook recepten vermeld om klanten te inspireren. De producten liggen vanaf deze week in meer dan 700 winkels en zijn verkrijgbaar vanaf €1.09 tot €2.49.

Vertegenwoordigers van de media kunnen contact opnemen met een van de woordvoerders via telefoonnummer: 088-6592020, via e-mail: pers@ah.nl of via twitter @AlbertHeijnPers.

De woordvoerders van Albert Heijn zijn: Anoesjka Aspeslagh, Dagna Hoogkamer en Els van Dijk.

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Albert Heijn: Gezonde variatie met 8 producten onder eigen merk

Albert Heijn: Gezonde variatie met 8 producten onder eigen merk

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Whole Foods Market announces the opening of its new store in Wall, NJ

Unrivaled Quality Standards and Continuous Community Commitment Highlight Natural and Organic Leader’s Newest and most Southern Monmouth County Location

WALL, NJ, 2016-Apr-13 — /EPR Retail News/ — Whole Foods Market (NASDAQ: WFM), the nation’s leading natural and organic foods supermarket, is pleased to announce the opening of its new store on Wednesday, April 13th at 9:00AM in Wall, NJ. The Wall location will be home to the 15th Whole Foods Market store in New Jersey, and the third in Monmouth County. The day will start with the company’s traditional bread breaking ceremony at 8:45AM followed by an array of tastings, vendor samplings, sales, and giveaways – including a free canvas beach tote for the first 200 customers!

As part of Whole Foods Market’s commitment to its local communities, Allaire Community Farm will receive 5% of the store’s sales from opening day to support a valued sanctuary within Wall Township. Proceeds will go towards the Farm’s continued development of a safe and peaceful place for rescued animals, nature, healthy produce and community interactions. Allaire Community Farm provides a caring environment for children with special needs and at-risk teens, as well as low-cost, organic produce to families in need.

The new 39,000 square foot store will offer an extensive variety of the highest quality natural and organic items making it the ultimate shopping destination for all of your household, beach-going and entertaining needs. Conveniently located and easily accessible in the shopping plaza at 1933 Route 35, shoppers can find an array of summer staples just in time for the season, including organic produce, a bevy of locally sourced seafood, plus our team of expert in-house butchers and fishmongers, ready to take custom requests to make grilling this summer extra delicious.

Each department will host many delicious and high-quality offerings, including some first-to-market innovations. Some highlights and new products include:

  • Meat: bangers available in a variety of smoky and savory flavors (e.g. bacon, maple & chipotle) and a custom Wall Burger made from pulled pork and beef – perfect for BBQ season!
  • Seafood: Hawaiian-inspired salmon and tuna poké, oysters from Forty North Oyster Farm and much more locally sourced seafood from dedicated suppliers who meet Whole Foods Market’s strict Seafood Sustainability standards
  • ​Prepared Foods: ready-to-go options for the whole family, including freshly baked pizzas, sandwiches and al forno meals from The Italian Counter, a new in-store venue concept.
  • Grocery: the store will be home to a variety of specialty items sourced from unique, local vendors including Cape May Sea Salt Co.’s hand harvested salt, and Heirloom Kitchen’s Mignonette created in partnership with noted Asbury Park Chef, James Avery, who will be in store to demo the product on opening day. Another item coming from Asbury Park includes Juice Basin: artisan, organic and cold-pressed juices. In addition, aisles will be stocked with thousands of products under the retailer’s 365 Everyday Value® line, which offers a wide array of snacks, breakfast favorites, frozen items, beverages and more at a fantastic value.
  • ​Bakery: In addition to a plethora of in-house baked breads, cakes and other sweet creations, New Jersey’s Squirrel & The Bee Grainless Bake Shop will be selling a variety of delicious items to satisfy everyone’s cravings.
  • Produce: Aisles will be stocked with seasonal and fresh produce, including items sourced from local farms to make summer entertaining a breeze this year. With three varieties of coleslaw mixes and a variety of precut fruits and veggies, Whole Foods Market will be your one-stop shop as the weather heats up.
  • ​Specialty: Visit our specialty cheese counter for hand-cut cheeses sourced locally and from around the world; find a wide selection of seasoned and marinated olives in the expansive olive bar.
  • Whole Body: the department will feature a variety of locally sourced soaps from Brielle, NJ based REALIFE Co., as well as additional personal care and beauty items with top-of-the-line natural and organic ingredients, nutritional supplements, herbal remedies, and baby care items.

For more information about our Wall location, find us on Facebook at https://www.facebook.com/WholeFoodsMonmouthNJ/ or on Twitter and Instagram @WFMMonmouthNJ

Whole Foods Market – Wall 1933 Route 35
Wall Township, NJ 07719
Regular Store Hours: [8:00 a.m. – 10:00 p.m. Mon –Sun]

Press Contacts
Michael Sinatra
michael.sinatra@wholefoods.com
551.574.8031 (cell)

Jessica Ventura
jv@sharpthink.com
212.829.0002 ext.104

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Jessica Blume, Todd Jones and David Phillips elected to Publix Super Markets’ board of directors

LAKELAND, Fla., 2016-Apr-13 — /EPR Retail News/ — During its annual stockholders’ meeting today, Jessica Blume, Todd Jones and David Phillips were elected to Publix Super Markets’ board of directors.

“We are pleased to have three new directors joining the Board,” said Publix Chairman of the Board Charlie Jenkins Jr. “Jessica’s impressive accounting and technology background with Deloitte combined with Todd’s in-depth retail knowledge and David’s strong financial background make them valuable additions to our board.”

Blume’s career at Deloitte spanned more than 25 years prior to her retirement in 2015. She joined the firm in 1989 as a manager and became a partner in 1995. Blume led various teams across the firm including serving as National Managing Director – Consulting from 2003-2006, Managing Director of Research and Innovation from 2009-2012 and Vice Chair from 2012-2015. She currently resides in Sarasota, Florida.

Jones began his career at Publix in 1980 as a front-service clerk in New Smyrna Beach, Fla. He worked in a variety of retail operations positions before becoming vice president of the Jacksonville Division in 2003. In 2005, Jones was promoted to senior vice president of product business development. He was named President in 2008. Effective May 1, Jones will become CEO and President.

Phillips began his Publix career in 1984 as an internal auditor. He worked in various financial positions before becoming controller in 1990. In 1997, Phillips was promoted to vice president finance and treasurer. He was named CFO in 1999. Effective May 1, Phillips will assume additional responsibilities and be promoted to Executive Vice President and CFO.

Corporate Initiatives and Trade Publications
Maria Brous
Director of Media & Community Relations
P.O. Box 407
Lakeland, FL 33802-0407
(863) 688-1188 ext. 55339
maria.brous@publix.com

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SM Prime Holdings to earmark PHP60 billion annually for the next three years to sustain its developmental goals

Pasay City, Philippines, 2016-Apr-13 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), the Philippines’ leading integrated property company, will earmark at least PHP60 billion annually for the next three years to sustain its developmental goals.

“SM Prime’s expansion program for the malls remains focused on the provinces which present major opportunities for higher growth and where many areas remain unserved. In the housing sector, we will continue to serve the Metro Manila area but will slowly move towards the provincial areas in the medium term. The emergence of the Philippine economy will allow us to be of greater service to as many communities as we could possibly reach,” SM Prime President Hans T. Sy said.

The company is slated to open five new malls in the Philippines this year. These are SM City Trece Martires in Cavite, SM City San Jose Del Monte in Bulacan, SM Cherry Congressional, SM City East Ortigas and SM Cherry Antipolo. In addition to the new malls, the company will be expanding SM City Calamba and SM City Naga. By end 2016, SM Prime will have 61 malls in the Philippines and six malls in China with an estimated combined gross floor area (GFA) of 8.6 million sqm.

Over the past three decades, SM malls have become more than just a shopping experience for the Filipinos. These have become the destination malls that create a whole new experience. This year, SM Prime will also open the Galleon Museum in the MoA Complex, which will bring to life the country’s rich Manila – Acapulco, Mexico trade heritage.

In residential development, SM Prime, through SM Development Corporation (SMDC), will launch between 11,000 to 14,000 units in Quezon City, Bicutan and Sucat in Paranaque, Las Piñas and Pasay at the Mall of Asia (MoA) Complex. SM Prime also intends to gradually enter the economic housing market by launching new mixed-use developments in Cabanatuan, Pampanga and Cavite in the second half of this year.

The Commercial Properties Group of SM Prime will sustain the growth momentum and increasing demand for modern and innovative office buildings from the Business Process Outsourcing (BPO) companies. ThreeE-Com and FourE-Com Centers are under construction and scheduled for completion in 2018 and 2019, respectively. When completed, these office buildings will add 236,000 sqm (GFA) and become the newest architectural landmarks in the MoA complex.

SM Prime’s hotel group will open the 347-room Conrad Manila in the second half which will  further enhance the value and foot traffic of Mall of Asia (MoA) Complex. Conrad Manila is the first 6-star hotel of the Hilton hotel brand in the country. This is the first certified U.S. Green Building Council’s LEED® in the MoA Complex. Conrad Manila is inspired by the world-class sunset of the Manila bay, envisioned as a floating vessel that cruises on a stylish urban resort atmosphere, perched atop an upscale lifestyle mall called S’Maison.

During its Annual Stockholders’ Meeting held today, SM Prime declared a cash dividend of twenty-three (P0.23) centavos per share amounting to P6.64 billion in favor of all stockholders of record as of April 29, 2016 and payable on May 12, 2016. This is equivalent to 35% of last year’s Philippine Net Income, excluding one-time gain on marketable securities. On the same event, SM Prime shareholders elected Executive Vice President Jeffrey Lim as the newest member of its Board of Directors.

SM Prime recognizes the value of good governance in the operation of its business, and continues to foster its culture of good corporate governance through the continued review and development of its policies and programs.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.

For further information, please contact:

Alexander Pomento
Vice President, Investor Relations
SM Prime Holdings, Inc.
E-mail: alex.pomento@smprime.com
Tel. no.: +632 862 7940

SOURCE: SM Prime Holdings, Inc.

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Price Chopper Supermarkets and Market 32 launch new signature line of store brand products, PICS by Price Chopper

SCHENECTADY, NY, 2016-Apr-13 — /EPR Retail News/ — Introducing PICS by Price Chopper – a new signature line of store brand products that offer high quality and premium value — available exclusively at Price Chopper Supermarkets and Market 32.

Sporting a contemporary, food-focused package design that is aligned with the company’s new (contemporary food-focused) Market 32 brand, PICS products will gradually replace nearly 2,000 Price Chopper brand favorites that customers have come to enjoy, while adding some trendy new items, such as Maple-Cinnamon Popcorn, Birthday Cake and Chocolate Caramel Twist ice cream, and nutritionally-rich Best Eggs.

The packaging transition from Price Chopper to PICS, which began in February, is expected to take nearly two years to complete. With transitional plans in place to ensure compliance with the new GMO labeling law in the state of Vermont, all PICS labels to be distributed throughout Price Chopper and Market 32’s six state footprint will include confirmation of genetically engineered ingredients, if applicable.

“The trust that our customers have in the high quality and exceptional value of our ‘own brand’ products equates to a significant portion of our business and was the impetus behind our investment in PICS. We remain committed to satisfying their high expectations with products worthy of our ‘quality and value’ seal, while updating the visual expression of our brand to ensure relevance and differentiation in today’s contemporary world,” said Mona Golub, vice president of public relations and consumer services for Price Chopper and Market 32.

The PICS moniker was coined to convey that the products are “hand-picked” to provide customers with national brand equivalent quality or better at a significant value.

Most PICS brand items will be sourced from the same suppliers and to the same specifications as Price Chopper brand products, while select others, like PICS ice creams and refrigerated ready-to-bake cinnamon rolls reflect new sources of supply that the chain’s category experts selected to provide even higher quality at the same or a lower cost. Pricing on the new PICS line will remain consistent with current store brand products.

About The Golub Corporation: Based in Schenectady, NY, the Golub Corporation owns and operates 135 Price Chopper and Market 32 grocery stores in New York, Vermont, Connecticut, Pennsylvania, Massachusetts and New Hampshire. The American owned, family-managed company prides itself on longstanding traditions of innovative food merchandising, leadership in community service, and cooperative employee relations. Golub’s 21,000 teammates collectively own more than 47% of the company’s privately held stock, making it one of the nation’s largest privately held corporations that is predominantly employee-owned. For additional information, visit www.pricechopper.com

Contact:

Mona Golub
Price Chopper
518.379.1480

Jonathan Pierce
APR Pierce Communications
518.221.1186 (cell)

SOURCE: Price Chopper

 

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National Grocers Association launches new education program for independent supermarket operators to develop strategic business plan

Arlington, VA, 2016-Apr-13 — /EPR Retail News/ — The National Grocers Association (NGA) today announced a new education program that will provide in-depth training to develop a strategic business plan that addresses multifaceted business issues faced by independent supermarket operators.

The Sustainable Business Growth Strategies program, sponsored by Unilever, is designed to provide independent supermarket operators with the necessary tools and resources to help executives guide their organization through a rapidly changing grocery industry. Participants will explore a vast range of important issues, including consumer trends, identifying areas of differentiation, change management, and workforce diversity.

“Success in a highly competitive marketplace, such as the independent supermarket industry, requires operators to have plans to quickly adapt and evolve to shifting demands in the marketplace. The Sustainable Business Growth Strategies program aims to help independent supermarket executives who are already leading organizations to further grow financial and sustainability success within their business,” said Peter J. Larkin, president and CEO of NGA.

“At Unilever, we are committed to sustainable growth, which means growth that is consistent, profitable, competitive, and responsible. We are excited to partner with NGA and Cornell to deliver a program that helps organizations to address the needs of society and the environment as an enabler of growth,” said Alison Castillo, Director, Industry Relations & Sustainable Living, Unilever North America.

The inaugural meeting will take place September 11 – 15, 2016 at Cornell University. This event is open to NGA retail and wholesaler members. For more information, visit www.nationalgrocers.org/sustainable-growth.

Media inquiries: Please email communications@nationalgrocers.org.
T: (703) 516-0700

SOURCE:  National Grocers Association

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DeCA received $1.4 billion in appropriated funding in FY 2015

FORT LEE, Va., 2016-Apr-13 — /EPR Retail News/ —  A lot happened in 2002. The Euro became legal tender in 12 European countries; the U.N. froze the assets of Osama bin Laden; Kmart became the largest retailer in U.S. history to file for bankruptcy. The New England Patriots defeated the St. Louis Rams in Super Bowl XXXVI for their first NFL championship; Tiger Woods won the Masters Golf Tournament for the second straight year; and “American Idol” premiered on Fox. On Sept. 11, the Pentagon was rededicated after repairs were completed – one year after the terrorist attack; and, Hollywood released “The Gangs of New York,” starring Daniel Day-Lewis, Leonardo DiCaprio and Cameron Diaz.

Also in 2002, the Defense Commissary Agency began its string of clean audits, an unbroken streak that continued with the agency’s financial statements for fiscal 2015 being given an “unmodified” audit opinion by independent auditors.

“This opinion means our financial house is in order, and we’re good stewards of the appropriations entrusted to us,” said DeCA Director and CEO Joseph H. Jeu, “and that’s crucial to our mission of delivering an effective and efficient commissary benefit.”

DeCA received $1.4 billion in appropriated funding for fiscal 2015. During that timeframe the agency generated nearly $6 billion in annual sales and processed almost 90 million transactions in its stores, while delivering $2.4 billion in patron savings. Commissaries also redeemed nearly 90 million coupons in fiscal 2015 for additional customer savings of nearly $84 million.

“We have a dedicated team of employees in resource management who help ensure DeCA’s financial statements are presented properly,” said Larry Bands, the agency’s chief financial officer. “However, this level of fiscal excellence is an agency achievement, when you consider the daily activities affecting all employees such as time and attendance, and accounting for resale items, equipment and property.”

There are plenty of moving financial parts to a defense agency such as DeCA that’s organized to operate like a business, Bands added. “So when we receive this rating from an independent audit, it certifies that we’re responsible caretakers of our patrons’ benefit.”

For DeCA, the road to a successful audit is continuous. Auditors from the CliftonLarsonAllen auditing firm, one of the 10 largest CPA firms in the country, started the process with onsite visits in February and March. They evaluated any internal controls and transactions that link to DeCA’s financial statements.

Although DeCA’s accountants collect and process the financial data that’s audited, the process still hinges on support and cooperation across the agency, said Edna Willis, chief of the compliance and reporting branch in the resource management directorate.

“This unmodified opinion tells our patrons that the finances of their commissary benefit are accurately reported, open and accessible for review,” Willis said.

Note: For an info graphic on the agency’s clean audit, go to DeCA’s 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