Michelle Frost named director of the Defense Commissary Agency’s East Area

FORT LEE, Va., 2016-May-27 — /EPR Retail News/ — Michelle Frost, a supervisory category manager for the Defense Commissary Agency’s Sales Directorate, has been named director of the agency’s East Area effective June 13.

She fills a position held by Hector Granado who in January became part of DeCA’s newly formed business transformation team. A successor has not been named for the category manager position Frost vacates.

“Michelle brings a wealth of commissary operator experience to the job, having enjoyed great success in previous field assignments including store director, zone manager and director of operations for DeCA West,” said Keith C. Hagenbuch, DeCA’s executive director of Store Operations. “I look forward to working with her as all of us in store operations collaborate to provide the highest levels of commissary service in our East Area stores.”

The East Area encompasses 49 commissaries divided into six zones in 14 states, the District of Columbia and Puerto Rico. The area’s annual sales exceed $1.4 billion, the highest of the agency’s five areas.

Frost has been employed in various capacities within the commissary system since 1986. She’s been at DeCA Headquarters in Fort Lee, Virginia, the past eight years working assignments dealing with promotions, sales and marketing. Since 2013, she’s been the supervisory category manager for shelf stable beverages, responsible for the pricing, promotion and placement of those products, with annual sales of $500 million.

She started her commissary career with the Air Force Commissary Service as an intern at Mountain Home Air Force Base Commissary, Idaho. She worked eight years as store director of the Malmstrom Air Force Base Commissary, Montana, and two years as store director of the Marine Corps Air Station Miramar Commissary, California, before becoming zone manager of DeCA’s Zone 15, with her office at Travis Air Force Base, California. She subsequently served four years as DeCA West’s director of operations at McClellan Air Force Base, California, before taking on the DeCA Headquarters assignments.

Her educational accomplishments include a Bachelor of Business Administration degree from Montana State University, and a Masters of Business Administration with honors from University of Phoenix.

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

Nike Detroit Community Store opens in downtown’s historic F.W. Woolworth Co. building, at 1261 Woodward Avenue

Detroit, MI, 2016-May-27 — /EPR Retail News/ — Detroit’s automotive history may have earned it the nickname Motor City, but the city is also renowned for a strong sports engine, fueled by a championship legacy of professional teams and local youth clubs, that never stops running. The May 26 opening of the Nike Detroit Community Store aims to both power and accelerate this legacy.

Nestled in downtown’s historic F.W. Woolworth Co. building, at 1261 Woodward Avenue, the space was once home to the eponymous pioneer of the five-and-dime stores, which converted the complex into a significant shopping destination at the turn of the century. More than 100 years later, Detroit is focused on reinvigorating the area by reanimating vacant buildings as businesses and residences, introducing a light rail that connects the neighborhood to the bustling midtown and developing a shopping and entertainment complex across the street from the Detroit Community Store. Plus, a world-class hockey arena will soon open just a few paces away.

“Sport is a cornerstone of our state pride,” explains Tom Izzo, Michigan State University head coach and Basketball Hall of Famer. “Fostering early, positive experiences with physical activity is incredibly important for young adults, which is why I’m thrilled to welcome Nike to the city of Detroit.”

As with other Nike Community Stores, the new space operates with four key goals in mind. The first is the aim to hire at least 80 percent of its team from within a five-mile radius of the location. In some locations, like at the Nike East Los Community Store in Los Angeles, this number is virtually 100 percent.

The second goal is to capture the spirit of the city with the store’s curated local design and product offerings. In the Detroit store, the walls feature photography of local sport courts and landmarks, including the Decquindre Cut Greenway and “Detroit Never Stops” artwork by local typographer Neil Tasker. The store also carries Detroit-specific t-shirt’s and team apparel from the Detroit Lions, Detroit Tigers and Michigan State University for men, women and kids.

Thirdly, the store distinguishes itself by ensuring that its retail associates, known as “store athletes,” have an opportunity to give back to the surrounding community. In addition to the hours dedicated to community by all stores as part of the Nike Community Ambassador Program, Community Store athletes are allocated additional volunteer hours to support groups in their backyard.

In fact, even before the store opened, the Detroit team was focused on engaging its community by volunteering with the local Boys & Girls Club chapter: the Diehl Club. Store athletes have been supporting the organization’s sport, recreation and fitness programming, including the chapter’s flag football program, as coaches and rec leaders, with plans to expand its community involvement further following the store opening.

Finally, beyond its on-ground community activation, the Detroit Community Store is the first Nike Community Store to offer $40,000 in annual grants of $5,000 each to eight local non-profit groups via the expanded Nike Community Impact Fund, which also includes Nike Community Stores in Portland, Ore., South Chicago, New Orleans, the Ivy City neighborhood of Washington D.C., Brooklyn and the East Los Community Store in East Los Angeles. In total, Community Store teams across the U.S. will award $290,000 each year in their communities in partnership with CAF Americaand the Oregon Community Foundation.

“By expanding Nike’s Community Store concept to include local grant programs, we look forward to fostering even deeper connections that empower young leaders where our store teams live and work,” says Dennis van Oossanen, VP and GM of North America Direct-to-Consumer.

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Nike Detroit Community Store opens in downtown’s historic F.W. Woolworth Co. building, at 1261 Woodward Avenue

Nike Detroit Community Store opens in downtown’s historic F.W. Woolworth Co. building, at 1261 Woodward Avenue

Kevin Wampler and Randy Guiler of Dollar Tree, Inc. to attend RBC Capital Markets Consumer and Retail Conference on June 2, 2016

CHESAPEAKE, Va, 2016-May-27 — /EPR Retail News/ — Dollar Tree, Inc. (NASDAQ: DLTR), North America’s leading operator of discount variety stores, today announced its participation in the RBC Capital Markets Consumer and Retail Conference on June 2, 2016. Kevin Wampler, Chief Financial Officer, and Randy Guiler, Vice President – Investor Relations, will attend this conference.

The Company’s presentation will begin at 8:00 a.m. ET on June 2, 2016. A webcast of the presentation will be available on the Company’s website at http://www.dollartreeinfo.com/investors/news/events/, and an archive of the webcast will be accessible for thirty days.

Dollar Tree, a Fortune 500 Company, now operates more than 13,800 stores across 48 states and five Canadian provinces. Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada. To learn more about the Company, visit www.DollarTree.com.

Dollar Tree, Inc.
Randy Guiler, 757-321-5284
Vice President, Investor Relations
www.DollarTree.com

Source: Dollar Tree, Inc.

News Provided by Acquire Media

Dollar Tree, Inc. Q1-2016: Consolidated net sales increased 133.6% to $5.09 billion from $2.18 billion in the prior year’s first quarter

  • Sales Increased 134% to $5.09 Billion and Same-Store Sales Increased 2.3% 
  • Diluted Earnings per Share Increased 188% to $0.98 
  • Excluding One-Time Tax Benefit, Diluted EPS Increased to $0.89 

CHESAPEAKE, Va, 2016-May-27 — /EPR Retail News/ — Dollar Tree, Inc. (NASDAQ: DLTR), North America’s leading operator of discount variety stores, today reported results for its first fiscal quarter ended April 30, 2016.

First Quarter Results

Consolidated net sales increased 133.6% to $5.09 billion from $2.18 billion in the prior year’s first quarter. The $2.91 billion increase included $2.70 billion in sales from Family Dollar stores, sales from newDollar Tree stores, and a 2.3% same-store sales increase, on a constant currency basis. Same-store sales, on a constant currency basis, increased 3.4% in the prior-year period. Adjusted for the impact of Canadian currency fluctuations, the same-store sales increase was 2.2%. The positive same-store sales were driven by increases in both customer transactions and average ticket.

Gross profit increased 107.6%, to $1.55 billion in the first quarter compared to $748.9 million in the prior year’s first quarter. The $805.7 million increase included $733.8 million of gross profit for Family Dollar, and a 9.6% increase in Dollar Tree’s gross profit for the quarter. As a percent of sales, gross margin decreased to 30.6% compared to 34.4% in the prior year. The primary contributors to the decrease were the impact of the overall lower-margin product mix for the Family Dollar business and $6.3 million for Family Dollar related to the amortization of the stepped up inventory basis. Gross margin for theDollar Tree segment was flat at 34.4% when compared to the prior year’s quarter.

Selling, general and administrative expenses were 22.3% of sales compared to 23.7% of sales in the prior year’s first quarter. Excluding $10.4 million in acquisition costs from the prior year’s period, selling, general and administrative expenses, as a percent of sales, decreased to 22.3% from 23.2%. This 90 basis point improvement resulted from lower payroll, operating and corporate expenses, as a percent of sales, partially offset by higher store repair and maintenance expenses and depreciation.

Operating income increased 79.9% to $418.7 million compared with $232.8 million in the same period last year. This increase is the result of $138.0 million of operating income in the Family Dollar segment and a $47.9 million increase in operating income in the Dollar Tree segment.

The Company’s effective tax rate for the quarter was 29.8% compared to 38.6% in the prior year period. The lower effective tax rate was primarily attributable to a one-time benefit related to state tax planning, which contributed $0.09 to earnings per share.

Net income compared to the prior year’s first quarter increased $163.2 million to $232.7 million, and diluted earnings per share increased by 188.2% to $0.98. Excluding the one-time tax benefit, diluted earnings per share for the quarter increased to $0.89. Excluding the current quarter one-time tax benefit and acquisition-related costs from the prior year quarter, diluted earnings per share increased 25.4%, to$0.89 from $0.71.

Bob Sasser, Chief Executive Officer, stated, “I am very pleased with the Company’s performance in the first quarter. Through what continues to be a challenging economic environment, we delivered sales of$5.09 billion, which was the mid-point of our guidance range, and earnings that exceeded the high end of our guidance range. Additionally, while not included in our comp calculation, our Family Dollar segment delivered its third consecutive quarter of positive same-store sales.”

Sasser added, “We have gotten off to a successful start to 2016. We continue to serve a loyal customer base by providing terrific values every day; we remain on schedule with our integration of Family Dollar; we are on track to achieve our stated synergy targets; and we are part of what I consider, in this economic environment, the most attractive sector in retail. Looking ahead, we are committed to growing and improving our Dollar Tree and Family Dollar businesses to better serve more customers, while delivering long-term value to our shareholders.”

During the quarter, the Company opened 171 stores, expanded or relocated 66 stores, and closed 19 stores. Additionally, as part of its re-banner initiative, the Company opened three former Family Dollar store locations as new Dollar Tree stores. The Company also converted 126 Deals stores to Dollar Tree stores and converted nine Deals stores to Family Dollar stores. Retail selling square footage at the end of the quarter was approximately 109.6 million square feet.

Company Outlook

The Company estimates consolidated net sales for the second quarter of 2016 to range from $5.03 billion to $5.12 billion, based on a low single-digit increase in same-store sales and year-over-year selling square footage growth of 2.4%. Diluted earnings per share are expected to range from $0.66 to $0.72.

Consolidated net sales for full-year 2016 are now expected to range between $20.79 billion and $21.08 billion compared to the Company’s previously expected range of $20.76 billion to $21.11 billion. This estimate is based on a low single-digit increase in same-store sales, and 4.0% square footage growth. The Company now anticipates net income per diluted share for full-year 2016 will range between $3.58and $3.80. This compares to its previous EPS guidance range of $3.35 to $3.65.

Conference Call Information

On Thursday, May 26, 2016, the Company will host a conference call to discuss its earnings results at 9:00 a.m. Eastern Time. The telephone number for the call is 888-820-9418. A recorded version of the call will be available until midnight Wednesday, June 1, 2016 and may be accessed by dialing 888-203-1112. The passcode is 4775937. A webcast of the call is accessible through Dollar Tree’s website, and will remain online until Wednesday, June 1, 2016.

Dollar Tree, a Fortune 500 Company, operated 13,997 stores across 48 states and five Canadian provinces as of April 30, 2016. Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada. To learn more about the Company, visit www.DollarTree.com.

A WARNING ABOUT FORWARD-LOOKING STATEMENTS: Our press release contains “forward-looking statements” as that term is used in the Private Securities Litigation Reform Act of 1995. Forward-looking statements address future events, developments or results and typically use words such as believe, anticipate, expect, intend, plan, forecast, or estimate. For example, our forward-looking statements include statements regarding second quarter 2016 and full-year 2016 net sales and same-store sales, second quarter 2016 and full-year 2016 diluted earnings per share, square footage growth, the benefits, results, and effects of the merger including synergies, future financial and operating results and shareholder value, the combined company’s plans, objectives, expectations (financial or otherwise) and intentions. For a discussion of the risks, uncertainties and assumptions that could affect our future events, developments or results, you should carefully review the “Risk Factors,” “Business” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections in our Annual Report on Form 10-K filed March 28, 2016 and other filings with the Securities and Exchange Commission. We are not obligated to release publicly any revisions to any forward- looking statements contained in this press release to reflect events or circumstances occurring after the date of this report and you should not expect us to do so.

Dollar Tree, Inc.
Randy Guiler, 757-321-5284
Vice President, Investor Relations
www.DollarTree.com
DLTR-E

Source: Dollar Tree, Inc.

News Provided by Acquire Media

The Oilerie rolled out modern NCR Silver tablet point-of-sale (POS) system to its eight franchise stores

POS system provides easy insight into operations for franchisee and franchisor

DULUTH, Ga., 2016-May-27 — /EPR Retail News/ — Following an appearance on ABC’s Shark Tank, Curt Campbell set out to achieve his dream of expanding his business, The Oilerie. The challenge he faced was finding the right technology to support its growth.

To tackle that common small business challenge, Campbell rolled out a modern tablet point-of-sale (POS) system — NCR Silver — to the eight Oilerie franchise stores.

“We chose it for the heritage of NCR’s brand name and because of the knowledge they bring to the table,” he says. “We felt that NCR Silver fit the bill at a good price point. Plus, the service has been impeccable. We really like that it’s cloud based and gives our corporate office access to information from all stores — in one platform.”

The Oilerie claims the title of “Largest hand bottler of extra virgin olive oils and aged balsamic vinegars in the United States.”

As Campbell grows his business through franchising, one of the sell points to potential franchisees — in addition to his brand and artisan products  — is his technology.

One franchisee, Lori Hackman, is a power user of NCR Silver’s back office functionality.

NCR Silver’s advanced reporting allows Hackman to easily view sales, inventory and employee data, and quickly share the information at the franchise level. Further, she uses the system for email marketing, creating awareness for her store and announcing promotions for customers.
Hackman says NCR Silver provides all the functionality she needs in a simple, intuitive package.

“There’s a seamless integration between the front and back ends of the system,” said Hackman. “The interface is fabulous, and I’m picky since my background is in web and interface design.”

According to Hackman, The Oilerie customers frequently comment on the sleek, high-tech POS system, and NCR Silver makes the checkout experience a more enjoyable, interactive experience.

To learn more about NCR Silver’s features, visit www.ncrsilver.com, or call 1-877-630-9711. NCR Small Business provides live, 24/7 U.S.-based customer support for NCR Silver users. NCR Silver mobile POS runs in the cloud, uses consumer-friendly technology, works on Apple® devices running the latest iOS, and offers a POS solution catered to franchises as well.

About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Georgia with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. The company encourages investors to visit its web site which is updated regularly with financial and other important information about NCR.

Website: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation 

Apple, Apple Pay, iPhone, iPad and iPod touch are trademarks of Apple Inc., registered in the U.S. and other countries.

iOS is a trademark or registered trademark of Cisco in the U.S. and other countries and is used under license.

 

News Media Contacts

Jackie Parker
Arketi Group
404.929.0091, ext. 220
jparker@arketi.com

Tim Henschel
NCR Corporation
770.299.5100
tim.henschel@ncr.com

 

SOURCE: NCR Corporation

Flexible billing options and advanced functionality in NCR’s latest POS app releases for NCR Silver and NCR Silver Pro Restaurant Edition

New app versions offer advanced functionality for caterers, dry cleaners, hotels and other businesses that need flexible billing options

DULUTH, Ga., 2016-May-27 — /EPR Retail News/ — Users of NCR Silver and NCR Silver Pro Restaurant Edition have significantly more flexible billing options, thanks to the latest point-of-sale (POS) app releases.

The main NCR Silver app allows service-oriented businesses – like caterers, embroiderers, specialty retailers and dry cleaners – to take future orders. With this new functionality, customers can schedule their service or pick-up date for a later time and the POS system will automatically track it. This helps businesses offer more seamless service.

Another new NCR Silver feature is ticket notes.

Heavily requested by users, and tied into the new future order functionality, merchants can now store transaction notes such as customer info and special requests like gift-wrapping. This info can be printed or emailed on receipts and further helps businesses deliver special requests with ease.

NCR Silver Pro Restaurant Edition

The NCR Silver Pro Restaurant Edition app offers merchants the ability to charge “house account” customers on the date of sale and bill them later. Merchants can export this data and send statements to customers for easy invoicing.

Both features are tied into reporting, allowing for easy end-of-shift reporting with no discrepancies.

Another new NCR Silver Pro Restaurant Edition feature is item availability.

Users can now see quantity on hand at the transaction, which prevents certain products from being ordered and alerts employees when select inventory is “86’d”. This feature helps businesses minimize errors and increases efficiency at the point of sale.

“Small business owners and franchise operators need greater visibility into things like inventory and customer preferences so they can better engage consumers across multiple channels,” said Chris Poelma, president and general manager of NCR Small Business. “These features help businesses operate more efficiently and improve the overall experience consumers have.”

To learn more about NCR Silver’s features, visit www.ncrsilver.com, or call 1-877-630-9711. NCR Small Business provides live, 24/7 U.S.-based customer support for NCR Silver users. NCR Silver mobile POS runs in the cloud, uses consumer-friendly technology, works on Apple® devices running the latest iOS, and offers a POS solution catered to franchises as well.

About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Georgia with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. The company encourages investors to visit its web site which is updated regularly with financial and other important information about NCR.

Website: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation 

Apple, Apple Pay, iPhone, iPad and iPod touch are trademarks of Apple Inc., registered in the U.S. and other countries.

iOS is a trademark or registered trademark of Cisco in the U.S. and other countries and is used under license.

News Media Contacts

Jackie Parker
Arketi Group
404.929.0091, ext. 220
jparker@arketi.com

Tim Henschel
NCR Corporation
770.299.5100
tim.henschel@ncr.com

 

SOURCE: NCR Corporation

Bankia Spain will upgrade its ATM network with more than 600 NCR SelfServ 34 and NCR SelfServ 32 cash deposit ATMs

Bankia chose NCR as preferred supplier for software and its next ATM renewal project; will install more than 600 NCR SelfServ ATMs by the end of 2016

Madrid, Spain, 2016-May-27 — /EPR Retail News/ — NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies, announced today that Bankia Spain, the fourth largest bank in Spain, will upgrade its ATM network with more than 600 NCR SelfServ 34 and NCR SelfServ 32 cash deposit ATMs in the course of 2016. The decision was made following a thorough evaluation process, highlighted by NCR’s technical excellence and level of service. The upgrade project is part of Bankia’s long term strategic plan to improve customer experience as well as operational efficiencies by diverting typical transactions to its self-service channels.

Bankia operates more than 5,500 ATMs in Spain that allow users to perform up to 51 different transactions such as account inquiries, cash withdrawals, cash deposit, bill and tax payments, credit transfers, and mobile phone top-ups. Furthermore, users can have receipts sent to their mobile phones or email addresses or obtain pre-aproved credits through the ATMs. The ATM network runs on software that was developed by NCR in collaboration with Bankia. To secure the ATM network and reduce downtime, Bankia is using NCR Solidcore, which has been designed to defend against known and unknown malware and fraud attacks.

“We have been able to improve our efficiency in the past years thanks to the committment of our employees and our relentless customer focus based on three principles: simplicity, transparency and closeness,” said Alejandro Ruiz-Oriol, Area Manager at Bankia. “Our customers value the services we provide with our ATM network and their feedback reinforces our continued investment in this area. As we are expanding our ATM network, the level of service and technical excellence provided by NCR as well as the robustness and ease of use of the systems made them the ideal partner for this project.”

Since Bankia started upgrading and modernizing its ATM fleet the customer satisfaction index improved continuously, reaching a record high of 82.4 percent in 2015. The robust NCR SelfServ ATMs with self-healing technology will be installed in Bankia branches as well as across Spain to provide access to banking services for customers in less populated areas with no direct branch in the vicinity. NCR will complete the installations in 2016.

“Bankia is a prime example of the benefits that our SelfServ ATMs and security software bring in operational efficiencies and exceptional service delivery,” said Carlos García Reig, Director Financial Services at NCR Spain. “As banks are under enormous pressure to innovate, the reliable intelligent ATM network that Bankia is building frees up the resources for bank staff to proactively consult their customers and improve the quality of the service.”

About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Georgia with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.

Web sites: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

News Media Contacts

Ortrud Wenzel
NCR Public Relations
+49 821 405 8191
ortrud.wenzel@ncr.com

SOURCE: NCR CORPORATION

James Avery opens new store in Houston, Texas at Copperwood Village

Enter drawing for a chance to win a James Avery Gift Card

KERRVILLE, TEXAS, 2016-May-27 — /EPR Retail News/ — James Avery, a family-owned jewelry retailer, announces the opening of its new store today in Houston, Texas at Copperwood Village. To celebrate the grand opening, visitors may enter a drawing for a chance to win one of thirty-seven James Avery gift cards valued at $50, $100, or $500.

James Avery Jewelry offers a comprehensive collection of designs for women and men that are unique to the marketplace. The jeweler is widely recognized for its inspiring traditional collections and its extensive offering of keepsake charms.

John McCullough, Executive Vice President of Sales & Marketing at James Avery Jewelry comments: “We invite everyone to visit the new store and attend the grand opening celebration on June 4th to discover not only what’s new, but to rediscover six decades of the artistry, tradition, and craftsmanship of James Avery.”

The new location is James Avery’s 71st store nationwide and is under the direction of Store Manager, Jennifer Hall. Store hours are 10:00 a.m. to 8:00 p.m. Monday through Saturday and 12:00 p.m. to 6:00 p.m. on Sunday. The new store is located at 6543B Highway 6 North at the intersection of Highway 6 and FM 529, near Men’s Wearhouse.

About James Avery Jewelry®— Established in 1954, the company has grown from a one-man endeavor, 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 by skilled individuals at the company’s five workshops. James Avery jewelry is available at retail stores and online jamesavery.com. More information about James Avery is available at jamesavery.com/about or on Facebook facebook.com/JamesAvery.

About the Drawing: odds of winning depend on total number of entries received. Thirty-seven James Avery gift cards will be awarded: thirty $50 gift cards, five $100 gift cards, and two $500 gift cards. Entries will be accepted May 25 through June 4, 2016. Hourly drawings on June 4 begin at 11:00 a.m. through 6:00 p.m. during the Grand Opening celebration at the James Avery Jewelry store located at Copperwood Village. No purchase necessary. Winners need not be present to win. Employees and immediate family members are not eligible for this gift card promotion.

SOURCE: James Avery Craftsman Inc

 

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Tiffany & Co Q1-2016: Worldwide net sales decline 7% and reflect declines in all regions except Japan

NEW YORK, 2016-May-27 — /EPR Retail News/ — Tiffany & Co. (NYSE:TIF) reported its financial results for the three months (“first quarter”) ended April 30, 2016. Worldwide net sales were lower than the prior year and reflected declines in all regions except Japan, which management attributes to a continuation of softness in spending by both local customers and foreign tourists. Net earnings were also lower than the prior year resulting from a decline in the operating margin, as improved gross margin was more than offset by a lack of sales leverage on operating expenses. However, net earnings were generally in line with management’s previously announced expectation for the first quarter, as set forth in the Company’s news release on March 18th.

In the first quarter:

  • Worldwide net sales declined 7% to $891 million and comparable store sales declined 9%. On a constant-exchange-rate basis that excludes the effect of translating foreign-currency-denominated sales into U.S. dollars (see “Non-GAAP Measures”), worldwide net sales declined 7%, and comparable store sales declined 9%.
  • Net earnings of $87 million, or $0.69 per diluted share, included a tax benefit of $0.05 per diluted share related to the settlement of a tax examination, and compared with net earnings of $105 million, or $0.81 per diluted share, in the prior year.

Frederic Cumenal, chief executive officer, said, “As expected, this was a difficult quarter in terms of both sales and earnings growth. We faced numerous challenges, including continued pressure from foreign tourist spending in Europe, the U.S.and Asia, particularly in Hong Kong. However, we are continuing to take actions that are intended to strengthen sales growth with local customers in the U.S. and around the world. From a strategic perspective, we believe that our initiatives will enhance our ability to provide our customers with extraordinary products and experiences and ultimately contribute to improved financial results. We remain focused on generating sustainable long-term sales and earnings growth.”

Net sales highlights by region in the first quarter were as follows:

  • In the Americas, total sales of $403 million were 9% below the prior year and comparable store sales declined 10%. On a constant-exchange-rate basis total sales and comparable store sales declined 8% and 9%, respectively, with management attributing the declines to varying degrees of softness in spending by U.S. customers and foreign tourists.
  • In the Asia-Pacific region, total sales of $238 million were 8% below the prior year and comparable store sales declined 15%. On a constant-exchange-rate basis total sales and comparable store sales declined 5% and 12%, respectively; on that basis, total sales growth in China and Korea was offset by a continued significant decline in Hong Kong and more moderate declines in other markets.
  • In Japan, total sales of $131 million were 8% above the prior year and comparable store sales increased 12%. On a constant-exchange-rate basis total sales and comparable store sales rose 1% and 5%, respectively. Management attributed the sales growth to higher spending by local customers.
  • In Europe, total sales of $97 million were 9% lower than the prior year and comparable store sales declined 15%. On a constant-exchange-rate basis total sales and comparable store sales declined 7% and 14%, respectively, due to softness in most countries, led by France, that management attributed largely to lower foreign tourist spending.
  • Other sales declined 30% to $22 million, and comparable store sales declined 21%, reflecting lower retail sales in the United Arab Emirates (“UAE”) and wholesale sales in other markets.
  • Tiffany opened two Company-operated stores in the first quarter (in Europe) and closed one location (in Japan). At April 30, 2016, the Company operated 308 stores (124 in the Americas, 81 in Asia-Pacific, 55 in Japan, 43 in Europe, and five in the UAE), compared with 298 stores a year ago (123 in the Americas, 75 in Asia-Pacific, 56 in Japan, 39 in Europe, and five in the UAE).

Other financial highlights:

  • Gross margin (gross profit as a percentage of net sales) increased to 61.2% in the quarter, from 59.1% a year ago. The increase was due to favorable product input costs and the effect of a shift in sales mix towards higher-margin products, as well as price increases, partly offset by the effect of currency translation and a lack of sales leverage on fixed costs.
  • SG&A expenses increased 3% in the first quarter due to higher labor, occupancy and depreciation expenses, much of which was store-related.
  • The effective tax rate was 29.0% compared with 34.7% a year ago. The decline was due to a benefit related to the conclusion of a tax examination.
  • Cash and cash equivalents and short-term investments totaled $790 million at April 30, 2016, versus $715 million a year ago. Total short-term and long-term debt as a percentage of stockholders’ equity was 37% at both April 30, 2016and 2015.
  • Net inventories at April 30, 2016 were 2% lower than the prior year.
  • Capital expenditures of $46 million compared with $37 million in the prior year.
  • The Company spent $78 million in the first quarter (at an average cost of $66 per share) to repurchase shares of its Common Stock. At April 30, 2016, $416 million remained available for repurchases under a program that authorizes the repurchase of up to $500 million of the Company’s Common Stock and that expires on January 31, 2019.

Outlook:

Management is now forecasting full year earnings per diluted share in 2016 to decline by a mid-single-digit percentage from 2015’s adjusted earnings per diluted share (which excluded loan impairment and certain staffing and occupancy charges – see “Non-GAAP Measures”). Management also expects diluted EPS in the second quarter to decline by a similar rate as occurred in the first quarter. The forecast is based on the following full year assumptions, which are approximate and may or may not prove valid: (i) worldwide net sales declining by a low-single-digit percentage from the prior year; (ii) worldwide gross retail square footage increasing 2%, net through 11 openings, 6 relocations and 10 closings; (iii) operating margin below the prior year’s 19.7% (excluding the prior year’s charges – see “Non-GAAP Measures”) due to an expected increase in gross margin more than offset by SG&A expense growth; (iv) interest and other expenses, net unchanged from 2015; (v) an effective income tax rate slightly lower than the prior year; (vi) a modest year-over-year strengthening of the U.S. dollar; (vii) net inventories unchanged from the prior year; (viii) capital expenditures of $260 million; and (ix) free cash flow (net cash provided by operating activities less capital expenditures) of at least $400 million.

Today’s Conference Call:

The Company will conduct a conference call today at 8:30 a.m. (Eastern Time) to review actual results and the outlook. Please click on http://investor.tiffany.com (“Events and Presentations”).

Next Scheduled Announcement:

The Company expects to report second quarter results on Thursday August 25th before the market opens. To be notified of future announcements, please register at http://investor.tiffany.com (“E-Mail Alerts”).

Tiffany is the internationally-renowned jeweler founded in New York in 1837. Through its subsidiaries, Tiffany & Co. manufactures products and operates TIFFANY & CO. retail stores worldwide, and also engages in direct selling through Internet, catalog and business gift operations. For additional information, please visit www.tiffany.com or call our shareholder information line at 800-TIF-0110.

Forward-Looking Statements:

The statements in this document that refer to plans and expectations for the current fiscal year and future periods are forward-looking statements that involve a number of risks and uncertainties. Words such as ‘expects,’ ‘anticipates,’ ‘forecasts,’ ‘plans,’ ‘believes,’ ‘continues,’ ‘may,’ ‘will,’ and variations of such words and similar expressions are intended to identify such forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements we make regarding the Company’s objectives, expectations and beliefs with respect to store openings and closings, product introductions, sales, sales growth, retail prices, gross margin, expenses, operating margin, interest and other expenses, net, effective income tax rate, net earnings and net earnings per share, inventories, capital expenditures, cash flow, liquidity, currency translation and growth opportunities. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause the Company’s actual results to differ materially from those indicated in these forward-looking statements. Such factors include, but are not limited to, risks from global economic conditions, decreases in consumer confidence, the Company’s significant operations outside of the United States, regional instability and conflict that could disrupt tourist travel and local consumer spending, weakening foreign currencies, changes in the Company’s product or geographic sales mix and changes in costs or reduced supply availability of diamonds and precious metals. Please also see the Company’s risk factors, as they may be amended from time to time, set forth in the Company’s filings with the Securities and Exchange Commission, including the Company’s most recently filed Annual Report on Form 10-K, for a discussion of these and other factors that could cause actual results to differ materially. The Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law or regulation.

TIFFANY & CO. AND SUBSIDIARIES

(Unaudited)

NON-GAAP MEASURES

The Company reports information in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). The Company’s management does not, nor does it suggest that investors should, consider non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. The Company presents such non-GAAP financial measures in reporting its financial results to provide investors with an additional tool to evaluate the Company’s operating results. The non-GAAP financial measures presented here may not be comparable to similarly-titled measures used by other companies.

Net Sales

The Company’s reported net sales reflect either a translation-related benefit from strengthening foreign currencies or a detriment from a strengthening U.S. dollar. Internally, management monitors and measures its sales performance on a non-GAAP basis that eliminates the positive or negative effects that result from translating sales made outside the U.S. into U.S. dollars (“constant-exchange-rate basis”). Management believes this constant-exchange-rate basis provides a more representative assessment of sales performance and provides better comparability between reporting periods.

Tiffany & Co.
Mark L. Aaron, 212-230-5301
mark.aaron@tiffany.com

Source: Tiffany & Co.

News Provided by Acquire Media

Win a pair of tickets to COPA America Centenario with Dunkin’ Donuts and Coca-Cola

New members who enroll in DD Perks through May 27 from select states are registered for a chance to win a pair of tickets to COPA America Centenario matches throughout the U.S.

CANTON, MA, 2016-May-27 — /EPR Retail News/ — Dunkin’ Donuts today announced a program to give new members of its popular DD Perks® Rewards Program the chance to score some exceptional extra perks. Beginning today, Dunkin’ Donuts, in partnership with Coca-Cola, is offering people who join DD Perks this week the opportunity to win tickets to one of the most exciting U.S. sporting events of the summer, the COPA America Centenario.

Kicking off today and running through Friday, May 27, anyone in a participating area who enrolls in DD Perks using the special promo code “COKE” will be eligible for a chance to win two tickets each to a COPA America Centenario match. The oldest international continental football competition will be hosted outside of South America for the first time, with global stars coming to the United States for matches June 9 through June 14. Dunkin’ Donuts and Coca-Cola will award five pairs of tickets for each of eight COPA America Centenario Group Stage matches in cities throughout the U.S., including Orlando, Phoenix, Los Angeles, Chicago, New York, Boston, Houston and Philadelphia. The Dunkin’ Donuts & Coca-Cola COPA America Program is open only to legal residents of FL, AZ, CA, IL, NY, NJ, CT, MA, NH, VT, TX and PA who are 18 years of age or older at the time of entry and who are not currently enrolled in the DD Perks Reward Program.

Additionally, in honor of COPA’s centennial, all who enroll in DD Perks using the promo code “COKE” will receive not only a free any-size beverage, but also automatically earn 100 points towards a second free beverage. For more information about Dunkin’ Donuts’ and Coca-Cola’s special COPA America Centenario promotion and for an alternate form of entry, please visit www.cokeplaytowin.com/copa16. Coca-Cola soft drinks, juices, enhanced waters and energy drinks are available at Dunkin’ Donuts restaurants nationwide.

With the DD Perks Rewards program, guests earn five points for every dollar they spend on qualifying purchases at Dunkin’ Donuts when they pay using an enrolled Dunkin’ Donuts Card, either plastic or via the Dunkin’ Mobile App. Once a member accrues 200 points, he or she receives a coupon for a free any-size beverage of their choice, redeemable at participating Dunkin’ Donuts restaurants. DD Perks members also receive a coupon for a free any-size beverage upon enrollment and on their birthday. Additionally, throughout the year DD Perks members receive exclusive, personalized, special offers to earn bonus points for specific food and beverage purchases.

Dunkin’ Donuts recently unveiled an exciting new version of its popular mobile app for quick, easy and secure payment, DD Perks offers and rewards, and gifting of DD Cards. Featuring a new touch-friendly design and layout with enhanced imagery to showcase the brand’s broad menu, the “New Dunkin’ Donuts” mobile app for iOS devices is available from the App Store on iPhone or iPod touch, or for Android devices from the Google Play Store.

To learn more about Dunkin’ Donuts, visit www.DunkinDonuts.com or follow us on Facebook (www.facebook.com/DunkinDonuts), Instagram (www.instagram.com/DunkinDonuts) and Twitter (www.twitter.com/DunkinDonuts).

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About Dunkin’ Donuts
Founded in 1950, Dunkin’ Donuts is America’s favorite all-day, everyday stop for coffee and baked goods. Dunkin’ Donuts is a market leader in the hot regular/decaf/flavored coffee, iced coffee, donut, bagel and muffin categories. Dunkin’ Donuts has earned a No. 1 ranking for customer loyalty in the coffee category by Brand Keys for 10 years running. The company has more than 11,800 restaurants in 44 countries worldwide. Based in Canton, Mass., Dunkin’ Donuts is part of the Dunkin’ Brands Group, Inc. (Nasdaq: DNKN) family of companies. For more information, visit www.DunkinDonuts.com.

MEDIA CONTACT

Nicole Shepard
Phone: 781-737-5200
Email: press@dunkinbrands.com

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Win a pair of tickets to COPA America Centenario with Dunkin’ Donuts and Coca-Cola

Win a pair of tickets to COPA America Centenario with Dunkin’ Donuts and Coca-Cola

New affordable mechanical watches launch in Switzerland, the Goldgena Project

Lausanne, Vaud, Switzerland, 2016-May-27 — /EPR Retail News/ — On March 22nd, the Goldgena Project was launched with the goal of creating affordable mechanical watches with complete transparency regarding their origin and costs. The aim is also to shake up the ‘Swiss Made’ label and the traditional approach to distribution and marketing. The community is invited to share their opinion and even get involved in each stage of the project. At the time of writing, more than 3,500 people have signed up, and our site is recording more than 28,000 visits and 45,000 views every month.

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BRIEF SUMMARY OF PHASE 1

MARCH, 30TH – CHAPTER 1: TTO Label – Total Transparency on Origin DISCOVER
The Swiss Made label can be obscure and ultimately mislead consumers, as most of the components are manufactured abroad. The Goldgena Team has decided to make their watches with complete transparency, and have thus created the TTO label; Total Transparency on Origin.

APRIL, 13TH – CHAPTER 2: Transparency on Prices and Fixed Multiplier DISCOVER
Goldgena will be communicating and explaining the production cost of their watches. In addition, by selling directly to the end consumer they will be able to apply an unmatched modifier of 3.5 to the production price.

APRIL 27TH – CHAPTER 3: Online Sale, Pop-Up Stores and Sponsorship DISCOVER
The Goldgena Project is planning to foster community power by offering a commission of 10% to anyone who generates a sale. In addition, an application will allow potential customers to meet watch owners, so that they can see the product before buying.

PHASE 2 – FRIST DESIGN UNVEILED

MAY 11TH – CHAPTER 1: Non-Swiss Made, Swiss Made or Swiss Manufacturing? DISCOVER
We wanted our first model to feel mechanical from every angle, so we made the dial an extension of the movement. We wanted the case to be simple, elegant and ergonomic, while still overflowing with character. Fine horns and crosspiece give it a particular, recognizable aesthetic.

In-house or standard movement? Non-swiss made, swiss made or swiss manufacturing? The community shares his opinion.

JUNE-AUGUST: Development and Crowdfunding
During the summer, the Goldgena Project will share every detail of the development. In September a crowdfunding campaign will be launched. The detailed program will be available end on May at www.goldgena.com

The Goldgena Project Dream Team

The Goldgena Project is run by a small watch design workshop called cosanova, and is currently made up of 3 people. Founded in 2005 by the designer Claudio D’Amore, the workshop is based in the heart of Swiss watchmaking, in Lausanne, not far from Geneva. In little more than 11 years, the cosanova workshop has had the honor of working with around forty watch brands, such as Tag Heuer, Parmigiani, Montblanc, Oris, Eberhard and even Hautlence.

The Founder, Claudio D’Amore
Born in Switzerland to Italian parents, in 2000 Claudio D’Amore (40) graduated from the ECAL (Lausanne Design School) with an HES degree in design. He then set off for London to work with Ross Lovegrove, the famous London-based designer, where he worked on the design of several watches for Tag Heuer (V4, Carrera Caliber 360, Golf Watch). Upon his return to Switzerland in 2005, he founded cosanova.

Contact
Goldgena Project, rue de l’Ale 30, 1003 Lausanne, Switzerland
Need more information? : Claudio D’Amore / +41 21 312 81 34
[High resolution images: www.goldgena-project.com/espace-presse/?lang=en]

(www.goldgena.com)
(www.label-tto.org)

SOURCE: EPR Network

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Goldgena Project's first design

Goldgena Project’s first design