RILA: Miscellaneous tariff bill (MTB) will help spur investment and new jobs in US

Legislation Will Eliminate Duties, Spur Economic Growth

Arlington , VA, 2016-May-16 — /EPR Retail News/ — The Retail Industry Leaders Association (RILA) issued the following statement in response to Senate passage of the American Manufacturing Competitiveness Act of 2016.

“Retailers applaud the Senate for joining the House of Representatives in support of legislation that will promote economic growth and save consumers money,” said Hun Quach, vice president for international trade.“The MTB will help spur investment and new jobs here in the United States, and we urge President Obama to sign this legislation when it reaches his desk.”

The American Manufacturing Competitiveness Act of 2016 will set forth a process to eliminate trade distorting tariffs on U.S. imports critical to American businesses. The last miscellaneous tariff bill (MTB) passed by Congress expired on December 31, 2012. The MTB will help enhance global competitiveness of those businesses by cutting production costs in the United States, without harming other U.S. producers.

RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.

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Jason Brewer
Senior Vice President, Communications & Advocacy
Phone: 703-600-2050
Email: jason.brewer@rila.org

Live audio webcast of Gap’s Annual Meeting of Shareholders on May 17, 2016

SAN FRANCISCO, 2016-May-16 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) will provide a live audio webcast of the company’s Annual Meeting of Shareholders, beginning at 10:00 a.m. Pacific Daylight Time on May 17, 2016. To register for the webcast on May 17, please visit www.gapinc.com (follow the Investors, Financial News and Events, Webcasts links). A replay of the presentation will be available through www.gapinc.com.

The webcast will provide the audio portion of the Annual Meeting of Shareholders only and does not constitute attendance. In order to vote at the Annual Meeting of Shareholders, shareholders must either authorize a valid proxy or attend the Annual Meeting of Shareholders and vote in person.

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.

Press contact
press@gap.com

Gap April and Q1: Our industry is evolving and we must transform at a faster pace

Company Sharpens Focus for Long-Term Growth

SAN FRANCISCO, 2016-May-16 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today announced April net sales were $1.12 billion for the four-week period ended April 30, 2016, compared with net sales of $1.21 billion for the four-week period ended May 2, 2015. For the first quarter of fiscal year 2016, Gap Inc.’s net sales were $3.44 billion compared with $3.66 billion for the first quarter last year.

Gap Inc. also announced that it will take steps to better position the company for improved business performance and to build for the future. The company is identifying opportunities to streamline its operating model to be more efficient and flexible, while more fully exploiting its scale advantage. Additionally, the company is evaluating its Banana Republic and Old Navy fleets, primarily outside of North America, in order to sharpen its focus on geographies with the greatest potential. More details will be shared during the company’s first quarter fiscal 2016 earnings announcement on May 19, 2016.

“Our industry is evolving and we must transform at a faster pace, while focusing our energy on what matters most to our customers,” said Art Peck, chief executive officer, Gap Inc. “We are committed to better positioning the business to recapture market share in North America and to capitalizing on strategic international regions where there is a strong runway for growth.”

April Comparable Sales Results

Gap Inc.’s comparable sales for April 2016 were down 7 percent versus a 12 percent decrease last year. Comparable sales by global brand for April 2016 were as follows:

  • Gap Global: negative 4 percent versus negative 15 percent last year
  • Banana Republic Global: negative 7 percent versus negative 15 percent last year
  • Old Navy Global: negative 10 percent versus negative 6 percent last year

First Quarter Comparable Sales Results

Gap Inc.’s comparable sales for the first quarter of fiscal year 2016 were down 5 percent versus a 4 percent decrease last year. Comparable sales by global brand for the first quarter were as follows:

  • Gap Global: negative 3 percent versus negative 10 percent last year
  • Banana Republic Global: negative 11 percent versus negative 8 percent last year
  • Old Navy Global: negative 6 percent versus positive 3 percent last year

First Quarter Guidance

The company expects diluted earnings per share for the first quarter of fiscal year 2016 to be in the range of $0.31 to $0.32.

As previously disclosed, gross margins were pressured as the company entered April with more inventory than planned as a result of weaker than expected traffic, which began in late March 2016 and continued into April.

The company also noted that the Sunday and Monday of the Memorial Day holiday falls in the fiscal month of June this year versus May last year. The company expects the later holiday timing to negatively impact May sales results and benefit June sales results.

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 May 9, 2016 and available for replay until 1:15 p.m. Pacific Time on May 13, 2016.

First Quarter Earnings

Gap Inc. will release its first quarter earnings results via press release on May 19, 2016 at 1:15 p.m. Pacific Time. In addition, the company will host a summary of Gap Inc.’s first quarter results during a live conference call and webcast on May 19, 2016 from approximately 1:30 p.m. to 2:15 p.m. Pacific Time. The conference call can be accessed by calling 1-855-5000-GPS or 1-855-500-0477 (participant passcode: 214046). International callers may dial 913-643-0954. The webcast can be accessed at www.gapinc.com.

May Sales

The company will report May sales at 1:15 p.m. Pacific Time on June 2, 2016.

Forward-Looking Statements

This press release and related sales recording contain forward-looking statements within the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements other than those that are purely historical are forward-looking statements. Words such as “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan,” “project,” and similar expressions also identify forward-looking statements. Forward-looking statements include statements regarding:

  • earnings per share for the first quarter of fiscal year 2016; and
  • the impact of the later Memorial Day holiday timing.

Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause the company’s actual results to differ materially from those in the forward-looking statements. These factors include, without limitation, the following:

  • the risk that additional information may arise during the company’s close process or as a result of subsequent events that would require the company to make adjustments to its financial expectations;
  • the risk that the company will be unsuccessful in gauging apparel trends and changing consumer preferences;
  • the risk that changes in global economic conditions or consumer spending patterns could adversely impact the company’s results of operations;
  • the highly competitive nature of the company’s business in the United States and internationally;
  • the risk that if the company is unable to manage its inventory effectively, its gross margins will be adversely affected; and
  • the risk that comparable sales and margins will experience fluctuations.

Additional information regarding factors that could cause results to differ can be found in the company’s Annual Report on Form 10-K for the fiscal year ended January 30, 2016, as well as the company’s subsequent filings with the Securities and Exchange Commission.

These forward-looking statements are based on information as of May 9, 2016. The company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

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.

press@gap.com

Ingles Markets Q1-2016: Higher sales and net income vs. the three months ended March 28, 2015

INGLES MARKETS, INCORPORATED REPORTS HIGHER SALES AND NET INCOME FOR SECOND QUARTER OF FISCAL 2016

ASHEVILLE, N.C., 2016-May-16 — /EPR Retail News/ — Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported higher sales and net income for the three months ended March 26, 2016 compared with the three months ended March 28, 2015.  Net income totaled $14.4 million for the quarter ended March 26, 2016 compared with $14.3 million for the second quarter of fiscal year 2015.  Net sales also increased despite significantly lower retail gasoline prices compared with the second quarter of last year.

For the six months ended March 26, 2016 net income totaled $27.3 million compared with $29.3 million for the six months ended March 28, 2015.  Gasoline gross profits were significantly higher during the fiscal 2015 six month period compared with the current fiscal six month period.

The three and six month periods ended March 2016 benefitted from extra Easter sales.  Easter occurred in March 2016, but did not occur until the third quarter of last fiscal year.

Robert P. Ingle II, Chairman of the Board, stated, “We are pleased with this quarter’s sales growth, which also helped our net income for the quarter.”

Second Quarter Results

Net sales increased by $9.0 million, or 1.0%, to $924.3 million for the three months ended March 26, 2016 from $915.3 million for the three months ended March 28, 2015.  Lower gasoline sales were offset by higher sales in other products and by the positive effect of Easter sales.  Excluding gasoline sales and the effect of extra Easter sales, retail grocery comparable store sales increased 1.6% over the comparative fiscal second quarters.

Gross profit for the March 2016 quarter increased 4.6% to $228.7 million, compared with $218.7 million for the second quarter of last fiscal year.  Gross profit, as a percentage of sales, was 24.7% for the March 2016 quarter compared with 23.9% for the March 2015 quarter.  Excluding gasoline sales, retail grocery gross margin increased 23 basis points comparing the March 2016 and March 2015 fiscal quarters.

Operating and administrative expenses for the March 2016 quarter totaled $196.2­ million, compared with $185.6 million for the March 2015 quarter.  Interest expense totaled $11.2 million for the three-month period ended March 26, 2016 and $11.6 million for the three-month period ended March 28, 2015.  Total debt at the end of March 2016 was $907.7 million compared with $928.5 million at the end of March 2015.

Net income totaled $14.4 million for the three-month period ended March 26, 2016, compared with $14.3 million for the three-month period ended March 28, 2015.  Net income, as a percentage of sales, was 1.6% for both the March 2016 and March 2015 quarters.  Basic and diluted earnings per share for Class A Common Stock were $0.73 and $0.71, respectively, for the quarter ended March 26, 2016, compared with $0.72 and $0.71, respectively, for the quarter ended March 28, 2015.  Basic and diluted earnings per share for Class B Common Stock were each $0.66 for the quarter ended March 26, 2016, and the quarter ended March 28, 2015.

First Half Results

First half fiscal 2016 and 2015 sales each totaled $1.88 billion.  Retail grocery comparable store sales, excluding the effect of gasoline and extra Easter sales increased 1.5%.

Gross profit for the six months ended March 26, 2016, increased 2.5% and totaled $454.4 million compared with $443.1 million for the first six months of last fiscal year.  Gross profit, as a percentage of sales, was 24.2% for the March 2016 six-month period compared with 23.6% for the March 2015 six-month period.  Retail grocery segment gross profit as a percentage of sales, excluding gasoline sales, increased 8 basis points comparing the first half of fiscal 2016 with the same fiscal 2015 period.

Operating and administrative expenses totaled $390.2 million for the six months ended March 26, 2016, and $372.6 million for the six months ended March 28, 2015.  Interest expense decreased 1.7% to $23.2 million for the six-month period ended March 26, 2016 compared with $23.6 million for the six-month period ended March 28, 2015.

Net income totaled $27.3 million for the six-month period ended March 26, 2016, compared with $29.3 million for the six-month period ended March 28, 2015.   Net income, as a percentage of sales, was 1.5% for the six months ended March 26, 2016, compared with 1.6% for the six months ended March 28, 2015.  Basic and diluted earnings per share for Class A Common Stock were $1.39 and $1.35, respectively, for the six months ended March 26, 2016, compared with $1.49 and $1.45, respectively, for the six months ended March 28, 2015.  Basic and diluted earnings per share for Class B Common Stock were each $1.26 for the six months ended March 26, 2016, compared with $1.36 of basic and diluted earnings per share for the six months ended March 28, 2015.

Capital expenditures for the March 2016 six-month period totaled $71.2 million, compared with $44.3 million for the March 2015 six-month period.  The increased capital expenditures this year are focused on stores scheduled to open later this year as well as ongoing improvements to the existing store base.  Capital expenditures for the entire fiscal year are expected to be approximately $125 million to $145 million.

The Company currently has $135.9 million available under its $175.0 million line of credit.  The Company believes its financial resources, including the line of credit and other internal and anticipated external sources of funds, will be sufficient to meet planned capital expenditures, debt service and working capital requirements for the foreseeable future.

View Unaudited Financial Highlights

The comments in this press release contain certain forward-looking statements. Ingles undertakes no obligation to publicly release any revisions to any forward-looking statements contained herein to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events, except as required by law.  Ingles’ actual results may differ materially from those projected in forward-looking statements made by, or on behalf of, Ingles.  Factors that may affect results include changes in business and economic conditions generally in Ingles’ operating area, pricing pressures, increased competitive efforts by others in Ingles’ marketing areas and the availability of financing for capital improvements.  A more detailed discussion of these factors may be found in reports filed by the Company with the Securities and Exchange Commission including its 2015 Form 10-K and 2016 Forms 10-Q.

Ingles Markets, Incorporated is a leading supermarket chain with operations in six southeastern states. Headquartered in Asheville, North Carolina, the Company operates 202 supermarkets. In conjunction with its supermarket operations, the Company operates neighborhood shopping centers, most of which contain an Ingles supermarket. The Company also owns a fluid dairy facility that supplies Company supermarkets and unaffiliated customers. The Company’s Class A Common Stock is traded on The NASDAQ Stock Market’s Global Select Market under the symbol IMKTA. For more information, visit Ingles’ website www.ingles-markets.com.

Ingles Markets, Incorporated – Post Office Box 6676, Asheville, NC 28816

Opioid overdose-reversal medicine naloxone available without prescription at all CVS Pharmacy locations across Virginia

RICHMOND, Va., 2016-May-16 — /EPR Retail News/ — CVS Health (NYSE: CVS) today joined Virginia Governor Terry McAuliffe, Health and Human Resources SecretaryWilliam Hazel and Secretary of Public Safety and Homeland Security Brian Moran in highlighting the availability of the opioid overdose-reversal medicine naloxone without a prescription at all CVS Pharmacy locations across Virginia. CVS Health has established a standing order with physicians in Virginia that allows CVS Pharmacy to expand access to the medication in the Old Dominion.

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

“Drug overdose is the Number One cause of unnatural death in Virginia, and it has been for the past three years,” said Governor McAuliffe. “It takes the lives of more Virginians than motor vehicle accidents or firearms. Preliminary numbers indicate that about 1,000 Virginians died of drug overdose last year, including more than 500 from prescription opioids and 300 from heroin. So we know that this particular class of narcotic, which includes both prescription and illegal drugs, is the primary killer that we must confront if we are going to end this epidemic. CVS Health’s decision to make naloxone available without a prescription at all of its Virginia locations is a welcome and important step that will save lives here in Virginia.”

“Prescription opioid and heroin overdoses are killing our citizens, and we need to use every tool we can to fight that epidemic,” said Secretary Hazel. “We are working to reduce the amount of available opioids, whether they are the kind that gets prescribed or the kind that gets bought on the street corner. We are looking to increase treatment options and trying to find ways to divert people who are addicted away from jails and into treatment. But having a drug like naloxone that can reverse a potentially fatal overdose is, quite literally, a life-saver. The more available it is, the more lives can be saved.”

“We allow and encourage our first responders to carry this life-saving drug, and to know how to use it,” said Secretary Moran. “But families and friends of people with addiction are often the actual first people to encounter a person who has overdosed. Making naloxone more easily available to them at drugstores like CVS is one step toward saving a life.”

CVS Health has also launched new digital resources on www.cvs.com/content/prescription-drug-abuse giving patients and families a single destination to learn more about drug abuse prevention. These new resources build on CVS Health’s longstanding commitment to helping communities address and prevent drug abuse. In 2015, CVS Health launched a community outreach program called Pharmacists Teach, which brings local pharmacists to high school health classes to talk to students about the dangers of drug abuse. More than 75,000 students have already taken part in the program. High school teachers and administrators in Virginiacan learn more about bringing Pharmacists Teach to their school at www.CVSHealth.com.

CVS Health has also joined with the Partnership for Drug-Free Kids to create the Medication Disposal for Safer Communities Program, which donates disposal units to local police departments, providing a safe and environmentally friendly way to dispose of unwanted medication. In Virginia, 45 police departments have received units through the program, which have collected nearly two and a half metric tons of unwanted medication in the state. And across the country, this program has collected more than 35 metric tons of unwanted medication. Police departments in Virginia can apply to receive a drug collection unit at www.cvs.com/safercommunities.

In addition to Virginia, CVS Pharmacy locations in 22 states can dispense naloxone to patients without an individual prescription.

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

Media Contact:

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

Brian Coy
Director of Communications
Office of the Governor
Brian.Coy@governor.virginia.gov

SOURCE CVS Health

Walgreens launched new mental health platform and campaign

  • Collaboration with Mental Health America to help connect more people with resources in their community, goal to screen 3 million people through 2017
  • Company expands digital offering, including access to behavioral telehealth, part of initiative to heighten mental health awareness, improve adherence and reduce stigma

DEERFIELD, Ill., 2016-May-16 — /EPR Retail News/ — Mental health conditions affect approximately 1-in-5 Americans each year – more than heart disease or diabetes1 – however it’s estimated more than half of those affected don’t or may never seek treatment. With many barriers and challenges facing both patients and the mental health system, Walgreens today is launching a new mental health platform and campaign to help meet the growing need for resources and access to care.

The Walgreens mental health platform aims to improve health outcomes through early screening and intervention, to heighten consumer awareness and reduce stigma associated with mental illness, and to connect more people with clinical resources in their community who can help.

The initiative launches in conjunction with Mental Health Month, observed each May in the United States.

As part of the campaign, Walgreens has formed a collaboration with Mental Health America (MHA), a leading community based nonprofit organization, dedicated to addressing the needs of those living with mental illness and to promoting the overall mental health of all Americans. Working with MHA (www.mentalhealthamerica.net), and with a new section of the Walgreens website dedicated to mental health, (Walgreens.com/mentalhealth), Walgreens can help connect people to free, scientifically based online screenings for a number of conditions, including depression, anxiety, bipolar disorder, PTSD and others. MHA can also facilitate follow-up treatment and care through providers and specialists in local communities, as well as through its affiliates across the U.S.

Walgreens is dedicated to championing everyone’s right to be happy and healthy, and our commitment extends to supporting our customers and patients to both good physical and mental health,” said Alex Gourlay, Walgreens president. “We’re proud to help meet the need for mental health resources in our communities, to encourage those who have questions or concerns to seek answers, and to work closely with other providers and partners to help more people get the support and services they need.”

The Walgreens Mental Health Platform

Walgreens currently provides a broad range of services to improve medication adherence for patients, including those with certain mental health conditions, and today introduces a new Mental Health Answers site available at Walgreens.com/mentalhealth. The site features informational resources and content, as well as easy access to a selection of free online screening tools through MHA.

A new behavioral telehealth solution provided by Breakthrough, an MDLIVE company, will also be available through the Walgreens digital properties. Breakthrough offers access to more than 1,000 state-licensed therapists and psychiatrists to treat addiction, depression, stress and other behavioral health concerns.

As part of the commitment, and to better serve those with mental health conditions, Walgreens is providing opportunities for continuing education for all of its more than 27,000 pharmacists. And beginning later this month, a training program focused on depression and anxiety will be offered for the more than 1,100 Walgreens Healthcare Clinic nurse practitioners and physician assistants.

Walgreens pharmacists are playing an important role in working with patients through other services, including:

  • New to therapy consultations – pharmacist phone calls to Walgreens patients who are new to targeted medication therapies, including depression
  • Pharmacy chat – 24/7 online access to Walgreens pharmacy staff for secure, 1-on-1 chat to address medication-related questions or concerns. Staff specially trained in a number of areas, including stress and depression
  • Depression screenings for select disease states, provided through Walgreens specialty pharmacy locations and the Walgreens Connected Care® offering

With timely intervention often critical to early stage treatment, Walgreens and MHA together have set a goal to complete 3 million online screenings by the end of 2017.

“Mental Health America is very pleased to partner with Walgreens this way,” said Paul Gionfriddo, president and CEO, Mental Health America. “Walgreens is a trusted part of the fabric of so many local communities in which we and our affiliates work. Mental Health Month has been MHA’s signature wellness event since 1949, and our online mental health screening program has rapidly become an amazing year-round way to reach people who have mental health concerns with helpful information and supports. Adding the Walgreens suite of supports and services to our program will strengthen our offerings, and help many more people recover from serious mental health conditions.”

Mental Health and the Walgreens Workforce

Walgreens also has made a strong commitment to mental health services for its more than 250,000 employees. The company offers a wide variety of services through its free employee assistance program, in addition to three behavioral health visits available at no cost for team members and their families. All Walgreens-sponsored medical and prescription drug plans also include comprehensive mental health care for eligible employees.

About Walgreens
Walgreens (www.walgreens.com), one of the nation’s largest drugstore chains, is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), the first global pharmacy-led, health and wellbeing enterprise. More than 8 million customers interact with Walgreens each day in communities across America, using the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services and advice. Walgreens operates 8,173 drugstores with a presence in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Walgreens digital business includes Walgreens.com, drugstore.com, Beauty.com, SkinStore.com and VisionDirect.com. Walgreens also manages more than 400 Healthcare Clinic and provider practice locations around the country.

1 National Institutes of Health, National Institute of Mental Health. (n.d.). Statistics: Any Disorder Among Adults. Retrieved March 5, 2013

Contact(s)

Walgreens
Jim Cohn
(847) 315-2950
http://news.walgreens.com
@WalgreensNews
facebook.com/Walgreens

Kroger stores’ associates in Indianapolis market area ratified new labor agreement with UFCW Local 700

INDIANAPOLIS, 2016-May-16 — /EPR Retail News/ — The Kroger Co. (NYSE: KR) associates working at Kroger stores in the Indianapolis market area of the company’s Central division have ratified a new labor agreement with UFCW Local 700.

“We are pleased to reach an agreement that is good for our associates and also allows us to be competitive and grow in the Indianapolis area,” said Katie Wolfram, president of Kroger’s Central division. “This agreement comes after thoughtful, respectful and productive work by both company and union representatives. I commend both teams for their professionalism.”

“I want to thank our associates for supporting this agreement, as well as for the excellent service they provide every day to our customers and company,” Ms. Wolfram said.

The contract covers over 5,800 associates working in 61 stores in the Indianapolis area and other communities, including Bloomington, Columbus, Kokomo, Richmond and New Castle.

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

Kroger Family of Stores Media Contacts

The Kroger Co. – General Office

Keith Dailey
Director, Media Relations/Corporate Communications
Office: 513-762-1304
Cell: 513-257-4955
Email: keith.dailey@kroger.com

SOURCE The Kroger Co.

Jean‑Pierre Roelands will leave Colruyt Group at the end of June

Halle, Belgium, 2016-May-16 — /EPR Retail News/ — On 30 June 2016, Jean-Pierre Roelands will end his active career at Colruyt Group. In his position of commercial director he helped shape the “Lowest Prices” concept which has become Colruyt’s signature since. In the past years Jean-Pierre was the Store Concepts Director and one of the moving spirits behind Colruyt Group’s newest store format, CRU.

Jean‑Pierre Roelands will leave the company where he worked for more than 40 years at the end of June. “Part of me will always remain connected with Colruyt Group and vice versa. I have had great times here, I met very capable people and gained unforgettable experiences. I feel that I have done what I had to do and that the next generation has to take the reins. I am completely ready for the next phase in my life”, Jean-Pierre Roelands says.

Colruyt Group COO Frans Colruyt adds: “Jean-Pierre has been our commercial director for more than 20 years and one of the company’s famous faces and contacts: in the company and outside. He was a key figure in the ‘Lowest Prices’ concept, and helped make Colruyt become what it is today. And for that, we are very grateful to him of course.”

Coach at CRU

In the past years, Jean-Pierre was Colruyt Group’s Store Concept Director. In this role he helped develop and launch the new concept of CRU that will shortly open a second establishment in Wijnegem. “I had the opportunity to step into the fine part of coach and to use my many years’ experience to help people elaborate innovative concepts for the group. A very rewarding job”,  Roelands concludes.

In the next few weeks, Jean-Pierre will hand over his position to Jo Spiegeleer, CRU’s new division manager. Frans Colruyt: “Jo’s broad executive experience at Colruyt and OKay since 1995, his passion for simplicity and food, and his talents to think like the customer and to inspire teams make him the ideal man to succeed Jean-Pierre.”

Biography
Jean-Pierre Roelands (°1955) started to work in 1973 as a salesman in a Colruyt store. Earlier, as a student, he already had  regular holiday jobs at Colruyt. After his military service, he became the manager of a store in Brussels, where he could fully display his commercial feeling. He soon became a regional manager in Flanders to rise to the position of sales director for Wallonia in 1987, at the age of 32. Three years later, in 1990, Jean-Pierre Roelands became the commercial director for Colruyt in Belgium.

Jo Spiegeleer started to work at Colruyt in 1995 as a sales employee. Later on, he became store manager and non-food promoter. In 2007, he made the switch to OKay as a regional manager. In 2011 and 2012, Jo was temporarily made free to develop the OKay Compact concept in Elsene, and afterwards he became OKay’s division manager.

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Jean‑Pierre Roelands will leave Colruyt Group at the end of June

Jean‑Pierre Roelands will leave Colruyt Group at the end of June

METRO GROUP acquires stake in the leading provider of iPad based POS systems for restaurants in the German-speaking region

Düsseldorf, Germany, 2016-May-16 — /EPR Retail News/ — METRO GROUP acquires a stake in the Berlin-based start-up orderbird, the leading iPad based point of sale system for restaurants in the DACH region. With this move, METRO GROUP underscores its commitment to digitalisation in the hospitality sector. By investing into yet another start-up with digital solutions for restaurants, METRO GROUP consistently pursues its policy of becoming a one stop shop partner for its customers from the hotel and restaurant business.

“With this partnership, orderbird and METRO pursue a common goal: making restaurant businesses more successful with the help of digital solutions”, says Olaf Koch, Chairman of the Management Board of METRO AG. “By acquiring a stake in orderbird, we are taking another important step towards our goal of offering value added for our customers through digital solutions. In this process, we will contribute both our industry expertise and our access to a large custom base.”

The Berlin-based start-up orderbird is the leading provider of iPad based POS systems for restaurants in the German-speaking region. No matter whether they want to place orders, cancel or rebook them: with orderbird, restaurant operators and their service staff can quickly and conveniently take orders with mobile devices, flexibly split bills and create tax-authority-compliant reports. The orderbird POS software runs on the mobile Apple devices iPad, iPod touch and iPhone. It can therefore replace both the conventional cash register on the bar counter and also the server’s paper order blocks with modern and networked technologies. Immediate forwarding of the order data makes it possible for restaurants to offer a faster and more accurate service. This enhances customer loyalty and satisfaction. In addition, a large number of structured, real-time reports allow for the continuous optimisation of one’s own business in every application scenario.

As new shareholders and strategic partners, METRO GROUP and the growth equity investor Digital+ Partners invest a total of €16.5 million into orderbird AG. In the framework of a secondary investment, the current investor Concardis participates in this funding round by acquiring shares from existing investors. orderbird thus holds a €20 million funding round. Together with its strategic partners and the freshly collected capital, the Berlin-based start-up plans to further drive product development and its expansion into the European market. The planned market entry into France this year marks the starting point for further growth.

METRO GROUP with its sales line METRO Cash & Carry, which operates in 25 countries worldwide and offers access to 21 million active wholesale customers, is an important partner for the further growth of orderbird. These customers will benefit from the digital services for their own businesses. To promote digitalisation in the hotel and restaurant business, METRO launched a support programme entitled “METRO Accelerator powered by Techstars” for start-ups offering digital solutions for the HoReCa sector already back in 2015.

METRO GROUP is one of the most important international retailing companies. It generated sales of some €59 billion in financial year 2014/15. The company operates over 2,000 locations in 29 countries and employs more than 220,000 people. The performance ofMETRO GROUP is based on the strength of its sales brands, which act independently on the market: METRO/MAKRO Cash & Carry, the international leader in the self-service wholesale trade; Media Markt and Saturn, the European market leader in consumer electronics retailing; and Real hypermarkets.

orderbird (www.orderbird.com) is the provider of the multiple award winning tablet POS system for restaurant businesses. Whether ordering, cancelling or rebooking – with the orderbird POS, restaurant operators and service staff can fast and conveniently take orders with their mobile device, use flexible payments options, and create GDPdU-compliant financial reports. With more than 5,500 customers – restaurants, cafes, bars, clubs, ice cream parlours and beer gardens – the orderbird POS ranks among the most popular POS systems of its kind in the restaurant sector in Germany, Austria, Switzerland, Great Britain and Ireland. The orderbird AG was founded in 2011 by Jakob Schreyer, Bastian Schmidtke, Patrick Brienen and Artur Hasselbach and today has a headcount of 120+ employees.

Contact Media Department

Telephone: +49 211 6886-4252
Telefax: +49 211 6886-2001

E-Mail METRO GROUP: presse@metro.de

Migros-Genossenschafts-Bundes (MGB): Beat Zahnd wird neuer leiter des departements handel und mitglied der generaldirektion

Zürich, 2016-May-16 — /EPR Retail News/ —  An ihrer Sitzung vom 12. Mai hat die Verwaltung des Migros-Genossenschafts-Bundes (MGB) Beat Zahnd per 1. September 2016 zum Leiter des Departementes Handel und als Mitglied der Generaldirektion des MGB gewählt. Er tritt die Nachfolge von Dieter Berninghaus an, der sich als Verwaltungsrat und Unternehmer neuen Aufgaben zuwendet.

Beat Zahnd (58) leitet seit elf Jahren die Genossenschaft Migros Aare. In dieser Funktion ist er verantwortlich für die Geschäfte der grössten der zehn regionalen Migros-Genossen-schaften. Nach dem Grundstudium der Betriebswirtschaft absolvierte er das Studium phil I SLA sowie verschiedene Weiterbildungen an der Universität St. Gallen und in den USA. Er arbeitete als Sekundarlehrer, ehe er 1991 als Leiter Führungsausbildung in die damalige Migros Bern eintrat. 1994 übernahm Beat Zahnd die Verantwortung für die Aus- und Weiterbildung. Anschliessend führte er 1996 in einem Job-Rotationsprojekt während eines halben Jahres den Bereich Gastronomie. Parallel dazu baute er als Projektleiter den ersten Online-Shop der Migros mit Lebensmitteln auf, der später durch den MGB weiterentwickelt und mit LeShop.ch fusioniert wurde. Anschliessend wurde Beat Zahnd Verkaufschef der Fachmärkte. Nach der Fusion der Migros Bern mit der Migros Aargau/Solothurn im Jahr 1998 übernahm er die Leitung einer Supermarkt-Verkaufsregion, ehe er 2001 Leiter Supermarkt Nord und per 1. Juli 2005 schliesslich Geschäftsleiter der Genossenschaft Migros Aare wurde.

Beat Zahnd ist unter anderem Vizepräsident der Verwaltung des MGB, Verwaltungsrat der Denner AG sowie Stiftungsrat der Migros-Pensionskasse und der Stiftung Adele-Duttweiler-Preis. Zudem engagiert er sich als Mitglied des Beirates des BSC Young Boys und im Executive Club des SC Bern sowie Powerpreneur des Swiss Economic Forums.

«Beat Zahnd ist nicht nur ein ausgewiesener Kenner der Migros sowie des nationalen und internationalen Detailhandels, sondern hat mit seiner hohen Innovationsfähigkeit und seinem Gespür für gesellschaftliche und wirtschaftliche Entwicklungen entscheidend zum Erfolg der Migros Aare beigetragen», erklärt Herbert Bolliger, Präsident der Generaldirektion des MGB. «Er bringt fachlich und menschlich ideale Voraussetzungen mit, um die dynamische Weiterentwicklung der unterschiedlichen Unternehmen im Departement Handel sicherzustellen, gerade auch, was die Herausforderungen im Bereich Digitalisierung betreffen.»

Über die Nachfolge von Beat Zahnd wird die Verwaltung der Genossenschaft Migros Aare in den nächsten Monaten entscheiden.

Migros Aare
Die Migros Aare beschäftigt über 12‘000 Mitarbeitende. 2015 erzielte die Genossenschaft einen Jahresumsatz von CHF 3,36 Mrd. und einen Gewinn von CHF 62,4 Mio. Als Marktführer konnte die Migros Aare in den vergangenen Jahren ihren Marktanteil gegenüber den Mitbewerbern kontinuierlich ausbauen und den Gewinn verdoppeln. Dies ermöglichte unter anderem die Realisierung neuer Geschäftsmodelle, um das Kerngeschäft der Genossenschaft zu stärken. So lancierte die Migros Aare in den letzten Jahren in der Schweiz unter anderem das Nahversorgungskonzept VOI, die Fitnessketten FlowerPower und FlowerPower 30, die thailändisch inspirierte Restaurantkette Cha chã, das italienische Restaurantkonzept L’Osteria oder mit dem Erlebnis- und Shoppingcenter Westside sowie dem neuen Konzeptcenter Welle 7 beim Hauptbahnhof Bern (Eröffnung am 8. August 2016) zwei Grossprojekte mit internationaler Ausstrahlung.

Migros-Genossenschafts-Bund

Monica Glisenti
Migros-Genossenschafts-Bund
Leiterin Corporate Communications
TEL 044 277 28 44
E-MAIL monica.glisenti@mgb.ch

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Migros-Genossenschafts-Bundes (MGB): Beat Zahnd wird neuer leiter des departements handel und mitglied der generaldirektion

Migros-Genossenschafts-Bundes (MGB): Beat Zahnd wird neuer leiter des departements handel und mitglied der generaldirektion

Office Depot on Staples Merger: As the Staples merger process comes to an end we look forward to re-energizing our business

BOCA RATON, Fla., 2016-May-16 — /EPR Retail News/ — Office Depot, Inc. (NASDAQ: ODP) today issued the following statement from Chairman and Chief Executive Officer Roland Smith after the U.S. District Court in the District of Columbia granted the Federal Trade Commission’s (FTC) request for a preliminary injunction to block the proposed merger of Staples, Inc. (NASDAQ: SPLS) and Office Depot.

Smith commented:

“While we are respectful of the Court’s decision to grant the FTC’s request for a preliminary injunction to prevent our merger with Staples, we are disappointed by this outcome and strongly believe that a merger would have benefitted all of our customers in the long term. We do not intend to appeal the Court’s decision and the two companies plan to terminate the merger agreement effective May 16, 2016.

“As the Staples merger process comes to an end, we look forward to re-energizing our business. We remain committed to delivering our 2016 Critical Priorities and realizing the remaining synergies and efficiencies that come from the integration of Office Depot and OfficeMax. Once the Staples merger agreement is formally terminated, we plan to host an investor conference call on May 16 to discuss next steps in our go-forward strategy.”

About Office Depot, Inc.

Office Depot, Inc. is a leading global provider of products, services, and solutions for every workplace – whether your workplace is an office, home, school or car.

Office Depot, Inc. is a resource and a catalyst to help customers work better. We are a single source for everything customers need to be more productive, including the latest technology, core office supplies, print and document services, business services, facilities products, furniture, and school essentials.

The Company has annual sales of approximately $14 billion, employs approximately 49,000 associates, and serves consumers and businesses in 59 countries with approximately 1,800 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization – all delivered through a global network of wholly owned operations, franchisees, licensees and alliance partners. The Company operates under several banner brands including Office Depot, OfficeMax, Grand & Toy, and Viking. The company’s portfolio of exclusive product brands include TUL, Foray, Brenton Studio, Ativa, WorkPro, Realspace and HighMark.

Office Depot, Inc.’s common stock is listed on the NASDAQ Global Select Market under the symbol “ODP”. Additional press information can be found at: http://news.officedepot.com.

All trademarks, service marks and trade names of Office Depot, Inc. and OfficeMax Incorporated used herein are trademarks or registered trademarks of Office Depot, Inc. and OfficeMax Incorporated, respectively. Any other product or company names mentioned herein are the trademarks of their respective owners.

Office Depot, Inc.
Richard Leland, 561-438-3796
Richard.Leland@officedepot.com
or
Karen Denning, 630-438-7445
Karen.Denning@officedepot.com

Zalando SE Q1-2016: Revenues at EUR 796 million; adjusted EBIT margin of 2.5%

  • Q1 revenues at EUR 796 million, adjusted EBIT margin of 2.5%
  • Strong growth coupled with strategic investments
  • Acquires e-commerce specialty software provider Tradebyte

BERLIN, 2016-May-16 — /EPR Retail News/ — Zalando SE, Europe’s leading online platform for fashion, had a good start into the year and remained on its profitable high-growth path. In the first quarter of 2016, Zalando continued to push forward with strategic investments into its customer proposition as well as the platform enablers operations and technology. With the successful acquisition of Tradebyte, an e-commerce specialty software provider, Zalando will further expand its successful partner program.

“We are pushing ahead on multiple fronts, delivering on our long-term platform strategy and growth plan,” said Rubin Ritter, member of the Management Board. “At the same time, our core business is developing strongly and we continue to win market share.”

The focus on customer proposition, including the build-out of Zalando’s fulfillment footprint, continues to improve customer satisfaction, which has hit another all-time high in the first quarter. The first international satellite warehouse in Stradella, Italy, has cut lead times for Italian orders by as much as 1.5 days. The construction of the new Lahr warehouse is on track, with manual operations to commence in autumn.

As part of its platform strategy, Zalando further expanded its partner program, which enables selected brands to directly sell on the Zalando platform. By the end of the first quarter, Zalando had enrolled more than 150 partners, including brands like Adidas and Superdry. To strengthen its ability to digitalize this partner stock and connect it to retail channels, Zalando has acquired Tradebyte Software GmbH in May 2016. Tradebyte is among the leading European providers of marketplace supply-side integration solutions for retailers and brands, especially in the fashion and lifestyle sectors.

Strong growth in the active customer base to 18.4 million and increasing customer satisfaction saw revenues increase by 23.7% to EUR 796 million, at the upper end of the growth corridor, despite Easter falling in the first quarter. Zalando posted an adjusted EBIT of EUR 20 million, corresponding to a margin of 2.5%.

Zalando reiterates its full-year guidance of revenue growth at the upper end of the 20-25% growth corridor and an adjusted EBIT margin of 3-4.5%. The company aims for roughly neutral working capital at year-end, and about EUR 200 million in capital expenditure in 2016, excluding M&A.

Zalando’s first-quarter report is available online; details can also be found in the earnings presentation. Zalando will report figures for the second quarter on August 11, 2016, and publish a trading update prior to that. The publication date of the trading update will be announced on the Zalando Investor Relations website ahead of time.

zalando revenue and adjusted ebit

zalando group key performance indicators

ABOUT ZALANDO
Zalando (https://corporate.zalando.com) is Europe’s leading online fashion platform for women, men and children. We offer our customers a one-stop, convenient shopping experience with an extensive selection of fashion articles including shoes, apparel and accessories, with free delivery and returns. Our assortment of over 1,500 international brands ranges from popular global brands, fast fashion and local brands, and is complemented by our private label products. Our localized offering addresses the distinct preferences of our customers in each of the 15 European markets we serve: Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United Kingdom. Our logistics network with three centrally located fulfillment centers in Germany allows us to efficiently serve our customers throughout Europe. We believe that our integration of fashion, operations and online technology give us the capability to deliver a compelling value proposition to both our customers and fashion brand partners.
Zalando’s shops attract over 160 million visits per month. In the first quarter of 2016, around 62 per cent of traffic came from mobile devices, resulting in 18.4 million active customers by the end of the quarter.

CONTACT ZALANDO
René Gribnitz / VP Communications
rene.gribnitz@zalando.de
+49 30 20968 2022

Staples, Inc. to discuss first quarter 2016 results on Wednesday, May 18

FRAMINGHAM, Mass., Country, 2016-May-16 — /EPR Retail News/ — Staples, Inc. (Nasdaq: SPLS) will hold its quarterly conference call to discuss first quarter 2016 results onWednesday, May 18, 2016 at 8:00 a.m. Eastern Time. To listen to the conference call via webcast, please visit Staples’ Investor Relations website at http://investor.staples.com.

About Staples, Inc.
Staples retail stores and staples.com help small business customers make more happen by providing a broad assortment of products, expanded business services and easy ways to shop, all backed with a lowest price guarantee. Staples offers businesses the convenience to shop and buy how and when they want – in store, online, via mobile or though social apps. Staples.com customers can either buy online and pick-up in store or ship for free from staples.com with Staples Rewards minimum purchase. Expanded services also make it easy for businesses to succeed with in-store Business Centers featuring shipping services and products, copying, scanning, faxing and computer work stations, Tech Services, full-service Print & Marketing Services, Staples Merchant Services, small business lending and credit services.

Staples Business Advantage, the business-to-business division of Staples, Inc., helps mid-market, commercial and enterprise-sized customers make more happen by offering a curated assortment of products and services combined with deep expertise, best-in-class customer service, competitive pricing and state-of-the-art ecommerce site. Staples Business Advantage is the one-source solution for all things businesses need to succeed, including office supplies, facilities cleaning and maintenance, breakroom snacks and beverages, technology, furniture, interior design and Print & Marketing Services. Headquartered outside of Boston, Staples, Inc. operates throughout North and South America, Europe, Asia, Australia and New Zealand. More information about Staples (NASDAQ: SPLS) is available at www.staples.com.

Source: Staples, Inc.

Staples, Inc.
Media Contact:
Mark Cautela, 508-253-3832
or
Investor Contact:
Chris Powers/Scott Tilghman, 508-253-4632/1487

Staples and Office Depot to terminate their merger agreement on May 16, 2016

Staples Announces Strategic Plan to Enhance Value:
– Increasing Focus on Mid-Market Customers in North America

– Exploring Strategic Alternatives for European Operations

– Initiating New $300 Million Cost Reduction Plan

– Continuing to Return Cash to Shareholders

FRAMINGHAM, Mass., 2016-May-16 — /EPR Retail News/ — Staples, Inc. (Nasdaq: SPLS) today announced that on May 16, 2016, the company and Office Depot, Inc. plan to terminate their merger agreement following U.S. District Court for the District of Columbia’s recent ruling granting the Federal Trade Commission’s request for a preliminary injunction to block the acquisition. Under the terms of the merger agreement, Staples will pay Office Depot a $250 million break-up fee. Staples also plans to terminate its agreement to sell more than $550 million in large corporate contract business and related assets to Essendant in connection with the termination of the Office Depot merger agreement.

“We are extremely disappointed that the FTC’s request for preliminary injunction was granted despite the fact that it failed to define the relevant market correctly, and fell woefully short of proving its case,” said Ron Sargent, Staples’ chairman and chief executive officer. “We believe that it is in the best interest of our shareholders, customers, and associates to forego appealing this decision, terminate the merger agreement, and move on with our strategic plan to drive shareholder value. We are positioning Staples for the future by reshaping our business, while increasing our focus on mid-market customers in North America and categories beyond office supplies.”

The company announced a strategic plan to enhance long-term value including the following actions:

Winning in the Mid-Market with Products and Services
Staples is building on its success serving the needs of mid-market business customers with 10 – 200 employees. The company is focused on increasing its share of wallet with existing customers and acquiring new customers. The company is increasing its offering of products and services beyond office supplies. Staples also plans to pursue market share gains in core categories like office supplies, ink, toner and paper. To support its growth plans, the company will invest in lower prices and improved supply chain capabilities and add more than 1,000 associates to its mid-market sales force. The company will simplify the customer experience with its world-class digital selling tools and capabilities. Staples will also pursue acquisitions of business-to-business service providers and companies specializing in categories beyond office supplies to build scale and credibility and accelerate growth in these areas.

Reshaping Staples to Reduce Risk and Preserve Profitability
Staples plans to explore strategic alternatives for its European operations. This will allow the company to sharpen its focus and more aggressively pursue its mid-market growth strategy in North America. Staples has closed more than 300 of its stores in North America since 2011. The company remains committed to increasing productivity and preserving profitability in its North American retail stores by increasing customer conversion, increasing the mix of services, reducing fixed costs, and closing underperforming stores. The company plans to close at least 50 stores in North America in 2016.

Reducing Costs to Drive Efficiency and Fund Growth Investments
The company generated approximately $750 million of annualized pre-tax cost savings from 2013-2015 by evolving business processes, increasing productivity, and developing more efficient ways to serve customers. Staples is initiating a new multi-year cost savings plan which is expected to generate approximately $300 million of annualized pre-tax cost savings by the end of 2018. The company will primarily focus on reducing product costs, optimizing promotions, increasing the mix of Staples Brand products, and reducing operating expenses.

Continuing to Return Cash to Shareholders
Staples will continue to return excess cash to shareholders. The company remains committed to its dividend program. Staples plans to resume repurchasing its common stock through open-market purchases during the second quarter of 2016. The company expects share repurchases of approximately $100 million in 2016.

Staples Q1 2016 Earnings Call
Staples, Inc. will hold its quarterly conference call to discuss first quarter 2016 results and its strategic plan on Wednesday, May 18, 2016 at 8:00 a.m. Eastern Time. To listen to the conference call via webcast, please visit Staples’ Investor Relations website at http://investor.staples.com.

About Staples, Inc.
Staples retail stores and staples.com help small business customers make more happen by providing a broad assortment of products, expanded business services and easy ways to shop, all backed with a lowest price guarantee. Staples offers businesses the convenience to shop and buy how and when they want – in store, online, via mobile or though social apps. Staples.com customers can either buy online and pick-up in store or ship for free from staples.com with Staples Rewards minimum purchase. Expanded services also make it easy for businesses to succeed with in-store Business Centers featuring shipping services and products, copying, scanning, faxing and computer work stations, Tech Services, full-service Print & Marketing Services, Staples Merchant Services, small business lending and credit services.

Staples Business Advantage, the business-to-business division of Staples, Inc., helps mid-market, commercial and enterprise-sized customers make more happen by offering a curated assortment of products and services combined with deep expertise, best-in-class customer service, competitive pricing and state-of-the-art ecommerce site. Staples Business Advantage is the one-source solution for all things businesses need to succeed, including office supplies, facilities cleaning and maintenance, breakroom snacks and beverages, technology, furniture, interior design and Print & Marketing Services. Headquartered outside of Boston, Staples, Inc. operates throughout North and South America, Europe, Asia, Australia and New Zealand. More information about Staples (NASDAQ: SPLS) is available at www.staples.com.

Safe Harbor for Forward-Looking Statements
Certain information contained in this news release constitutes forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. Any statements contained in this news release that are not statements of historical fact should be considered forward-looking statements. You can identify forward-looking statements by the use of the words “believes”, “expects”, “anticipates”, “plans”, “may”, “will”, “would”, “intends”, “estimates”, and other similar expressions, whether in the negative or affirmative, although not all forward-looking statements include such words. Forward-looking statements are based on a series of expectations, assumptions, estimates and projections which involve substantial uncertainty and risk, including the review of our assessments by our outside auditor and changes in management’s assumptions and projections. Actual results or events may differ materially from those indicated by such forward-looking statements as a result of risks, uncertainties and other important factors, including but not limited to factors discussed or referenced in our annual report on Form 10-K filed on March 4, 2016 with the SEC, under the heading “Risk Factors” and elsewhere, and any subsequent periodic or current reports filed by us with the SEC. In addition, any forward-looking statements represent our estimates only as of the date such statements are made (unless another date is indicated) and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.

Source: Staples, Inc.

Staples, Inc.
Media Contact:
Mark Cautela, 508-253-3832
Investor Contact:
Chris Powers, 508-253-4632

Swedish ICA stores report decreased sales by 0.8% in April 2016

Solna, Sweden, 2016-May-16 — /EPR Retail News/ — Sales in the Swedish ICA stores decreased by 0.8% in April 2016 compared with the corresponding month last year. Sales in like-for-like stores decreased by 1.1%.

April 2016 January – April 2016
Store sales, excl. VAT SEKm Change all
stores
Change
like-for-like
SEKm Change
all stores
Change
like-for-like
Maxi ICA Stormarknad 2,707 -0.4% -1.4% 10,734 4.8% 3.5%
ICA Kvantum 2,186 -1.0% -1.2% 8,650 3.6% 3.3%
ICA Supermarket 2,682 -1.1% -1.1% 10,700 2.5% 2.5%
ICA Nära 1,317 -0.4% -0.2% 5,205 3.1% 3.5%
Total 8,893 -0.8% -1.1% 35,289 3.5% 3.2%

In April 2016, sales in the Swedish ICA stores totalled SEK 8,893 million excluding VAT, which is a decrease of 0.8% compared with the same month in the previous year. Sales in January-April 2016 amounted to SEK 35,289 million, an increase of 3.5% compared with the previous year.

ICA Gruppen estimates the calendar effect for April to be -2.5%.

At 30 April 2016, the number of ICA stores in Sweden was 1,301. Store sales for May will be published on 9 June 2016 at 08.45 CET.

To see all publication dates in 2016, please visit ICA Gruppen’s website http://www.icagruppen.se/en/investors/calendar.

For more information
ICA Gruppen press service, Telephone number: +46 10 422 52 52

ICA Gruppen discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08:45 CET on Tuesday, 10 May, 2016.

Sports Direct International extended the Goldman Sachs Put Option Agreement referencing 10.5% in Debenhams plc

Shirebrook, UK, 2016-May-16 — /EPR Retail News/ — Sports Direct International plc (“Sports Direct” or “the Group”), the UK’s leading sports retailer, announces that, further to the announcement made by the Group on 23 January 2015, it has extended the Put Option Agreement entered into with Goldman Sachs International referencing 128,927,113 ordinary shares of Debenhams plc (representing 10.5 per cent of the issued share capital of Debenhams). Whilst the number of shares underlying the Put Option Agreement and the agreed exercise price remain unchanged, the maturity period for the put options has been extended by exactly one year. 

Sports Direct reiterates its intention to be a supportive stakeholder in Debenhams and to create value in the interests of both Sports Direct’s and Debenhams’ shareholders. 

This Put Option Agreement in relation to Debenhams is the only remaining put option that the Group is a party to that relates to shares in other listed companies.    

Sports Direct International plc

Dave Forsey, Chief Executive
Matt Pearson, Acting Chief Financial Officer
T: 0344 245 9200  

KBA P
Keith Bishop
T: 020 7734 9995

Intershop expanded its partner network in the Benelux region

E-Commerce Specialist We/Provide Becomes Intershop Business Partner

Amsterdam, the Netherlands, 2016-May-16 — /EPR Retail News/ — Intershop Communications, a leading provider of innovative omni-channel commerce solutions and services for mid-sized and large enterprises, has expanded its partner network in the Benelux region by starting a partnership with We/Provide, a full-service e-commerce agency based in Bergeijk, the Netherlands.

“We are really glad to be working with Intershop, as it enables us to offer an alternative to those customers who have reached the limits of Magento,” says Frank Houtappels, Managing Director of We/Provide, “one which, in addition to Magento Enterprise, will allow them to move strongly into the world of omni-channel commerce. We primarily see opportunities among companies undergoing rapid growth, hoping to engage in cross-border trade, and aiming for a range of integrations. With the Intershop Commerce Suite we can offer these customers the stability, performance, and scalability they require. Both, our customers and our team are consequently very happy with the new partnership.”

Rene Verspuij, Partner Manager at Intershop echoes this. “Intershop is using this partnership to focus on taking the next step forward in bolstering its marketing for the Dutch and Belgian markets, as well as to roll out the Intershop Commerce Suite in the growing mid-range segment. The solution is the perfect fit for highly-demanding companies that need to engage seriously in omni-channel commerce,” he says. “The strengths of our platform are perfect for this segment, as the Intershop Commerce Suite can also be used easily through cloud computing.”

The partnership agreement was signed this week by Frank Houtappels, Managing Director of We/Provide and Rene Verspuij, Partner Manager of Intershop.

About We/Provide

We/Provide is a digital agency that specializes in e-commerce. Our team of certified professionals acts as a strategic partner for national and international clients in a wide range of industries. Because all required expertise – from strategizing to design and from development through to marketing – is available in-house, we are able to offer full-service solutions. We/Provide has years of experience in customized APIs and their integration with payment service providers, fulfillment providers and CRM and product information systems. The company works principally in the Benelux region and its list of customers includes Baby-Dump, Vogels, Lamp en Licht, and Loods5.

Further information can be found at www.weprovide.com.

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, Würth, 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.

Intershop Public Relations
Heide Rausch

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

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Intershop expanded its partner network in the Benelux region

Intershop expanded its partner network in the Benelux region