New Memory Optimized X1 instances available for Amazon Elastic Compute Cloud

New memory-optimized instance family features 2 TB of memory and high-performing Intel processors to support large-scale in-memory databases, big data processing, and HPC X1 instances offer more memory than any other SAP-certified cloud instance available today SEATTLE, 2016-May-20 — /EPR Retail News/ — Amazon Web Services, Inc. (AWS), an company (NASDAQ:AMZN), today announced the […]

Les Journées Particulières: Several exceptional places in France open for the first time (no reservation needed)

PARIS, 2016-May-20 — /EPR Retail News/ — France, the cradle of the LVMH Group, is quite naturally home to the majority of the events on the Journées Particulières program. Over 20 Houses are proposing a unique “tour de France” of heritage and traditions inspired by excellence. Several exceptional places are open for the first time (no reservation […]

Les Journées Particulières: Spotlight on exceptional sites open for the first time for visits without reservations in Italy and UK

PARIS, 2016-May-20 — /EPR Retail News/ — Les Journées Particulières is a resolutely European event, proposing visits to LVMH Houses in France, Italy, Spain, the United Kingdom, Poland and Switzerland. Spotlight on exceptional sites open for the first time for visits without reservations in Italy and the UK. Italy A deep tradition of excellence, creativity, innovation […]

Lowe’s Companies, Inc. Q1 2016: 31.4 percent increase of net earnings over the same period a year ago

MOORESVILLE, N.C., 2016-May-20 — /EPR Retail News/ — Lowe’s Companies, Inc. (NYSE: LOW) today reported net earnings of $884 million for the quarter ended April 29, 2016, a 31.4 percent increase over the same period a year ago. Diluted earnings per share increased 40.0 percent to $0.98 from $0.70 in the first quarter of 2015. The […]

Sonic Corp. issued $425 million of Series 2016-1 Class A-2 Fixed Rate Senior Secured Notes in private securitization transaction

Sonic Announces Increase to Share Repurchase Program OKLAHOMA CITY, 2016-May-20 — /EPR Retail News/ — Sonic Corp. (NASDAQ:SONC), the nation’s largest chain of drive-in restaurants, today announced that certain of its subsidiaries have issued $425 million of Series 2016-1 Class A-2 Fixed Rate Senior Secured Notes (the “2016 Fixed Rate Notes”) in a private securitization transaction. The […]

The Home Depot reports $22.8 billion sales for the first quarter of fiscal 2016

ATLANTA, 2016-May-20 — /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, today reported sales of $22.8 billion for the first quarter of fiscal 2016, a 9.0 percent increase from the first quarter of fiscal 2015. Comparable store sales for the first quarter of fiscal 2016 were positive 6.5 percent, and comp sales for […]

Rob Green of National Council of Chain Restaurants on DOL’s new federal overtime regulations

WASHINGTON, 2016-May-20 — /EPR Retail News/ — The National Council of Chain Restaurants issued the following statement from Executive Director Rob Green strongly objecting to the Labor Department’s new federal overtime regulations: “By dramatically increasing the wage threshold for determining a restaurant manager’s overtime eligibility, key management positions will be eliminated, restaurant employee career advancement will be derailed and […]

Delhaize Group discloses acquisition of treasury shares

BRUSSELS, Belgium, 2016-May-20 — /EPR Retail News/ — Delhaize Group discloses information with respect to the acquisition of treasury shares in accordance with Belgian law. Delhaize Group has recently acquired 313 202 shares pursuant to a share buy-back program with a Belgian credit institution for the purchase of Delhaize Group shares in order to satisfy […]

National Retail Federation on DOL’s overtime rules: hundreds of thousands of career professionals will lose their status as salaried employees

Retailers Appeal to Congress to Block Overtime Expansion WASHINGTON, 2016-May-20 — /EPR Retail News/ — The National Retail Federation today released the following statement from Senior Vice President for Government Relations David French in response to the Department of Labor’s new overtime rules: “These rules are a career killer. With the stroke of a pen, the […]

BNP Paribas and Carrefour to test mobile payment app for paperless electronic payment, loyalty and couponing services

•    BNP Paribas and Carrefour are testing a new secure mobile services model designed to make life easier for the customer •    A ground-breaking initiative, which will be open to all retailers PARIS, 2016-May-20 — /EPR Retail News/ — BNP Paribas and Carrefour are about to test an application that will enable customers to pay […]

Carrefour to pay €0.70 per share dividend for the 2015 FY

Boulogne-Billancourt, 2016-May-20 — /EPR Retail News/ — At the Annual General Meeting held today, Carrefour’s shareholders approved the proposed €0.70 per share dividend for the 2015 financial year and decided to offer shareholders an option to receive the dividend payment in shares. The issue price of the new shares to be issued in consideration for the […]

RILA: DOL’s overtime rule will certainly hurt those that it purports to help

Final Rule Undermines Important Employee Benefits And Creates Enormous Burdens For Employers Arlington , VA, 2016-May-20 — /EPR Retail News/ — The Retail Industry Leaders Association (RILA) issued the following statement from Jennifer Safavian, executive vice president for government affairs, in response to published reports about the U.S. Department of Labor’s overtime rule. “While a review […]