Wayfair and Habitat for Humanity International announce renewal of their global partnership

BOSTON, 2016-Jul-23 — /EPR Retail News/ —  Wayfair (NYSE:W), an online destination for home furnishings and décor, and Habitat for Humanity International today announced the renewal of their global partnership to help build and rehabilitate affordable homes. The Wayfair partnership has contributed nearly $1 million over the past four years to Habitat, which works alongside homeowners to build or improve a place they can call home. Entering its fifth year as a Habitat for Humanity partner, Wayfair will continue to provide fundraising, product donations and volunteer mobilization to help families build strength, stability and self-reliance.

“At Wayfair, we are committed to Habitat for Humanity’s mission to create safe, decent and affordable housing in partnership with individuals and families,” noted Niraj Shah, CEO and co-founder, Wayfair. “Our customers are also passionate about this cause and have been highly engaged in supporting Habitat’s mission over the course of our partnership. We are excited to celebrate the past four years of partnership and extend our support to continue to make a positive impact in communities across the world.”

Wayfair has expanded its support for Habitat over the years through a variety of initiatives including employee engagement, customer engagement, and fundraising to support disaster recovery efforts. Over the course of the partnership, Wayfair.com customers have made more than 175,000 individual donations at checkout to help Habitat homeowner families. In addition, Wayfair has donated 12,850 pieces of furniture and décor to Habitat for Humanity ReStore resale outlets to help fund decent and affordable housing across the country.

“We are thrilled to extend our partnership with Wayfair as they continue to provide support both on a corporate level and by empowering their employees, customers and influencer communities to raise awareness and funding for Habitat’s global mission,” said Colleen Finn Ridenhour, deputy director of Corporate, Foundation and Institutional Relations at Habitat for Humanity International. “Wayfair’s partnership has been integral to helping families obtain a safer place to sleep at night.”

About Habitat for Humanity International
Driven by the vision that everyone needs a decent place to live, Habitat for Humanity has grown from a grassroots effort that began on a community farm in southern Georgia in 1976 to a global nonprofit housing organization in nearly 1,400 communities across the U.S. and in over 70 countries. People partner with Habitat for Humanity to build or improve a place they can call home. Habitat homeowners help build their own homes alongside volunteers and pay an affordable mortgage. Through financial support, volunteering or adding a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves. Through shelter, we empower. To learn more, visit habitat.org.

About Wayfair
Wayfair Inc. offers an extensive selection of home furnishings and décor across all styles and price points. The Wayfair family of brands includes:

  • Wayfair.com, an online destination for all things home
  • Joss & Main, where beautiful furniture and finds meet irresistible savings
  • AllModern, a go-to online source for modern design
  • DwellStudio, a design house for fashion-forward modern furnishings
  • Birch Lane, a collection of classic furnishings and timeless home décor

Wayfair generated $2.25 billion in net revenues for full year 2015 and $747 million in net revenues for first quarter 2016. The company employed 4,604 people as of March 31, 2016 and is headquartered in Boston, Massachusetts with operations throughout North America and Europe.

Media Relations:
PR@wayfair.com

Source: Wayfair

Diebold will release 2016 Q2 financial results on Thursday, July 28

NORTH CANTON,Ohio, 2016-Jul-23 — /EPR Retail News/ — Diebold, Incorporated (NYSE: DBD) will release 2016 second quarter financial results Thursday, July 28 before trading begins on the New York Stock Exchange.  Andy W. Mattes, Diebold president and chief executive officer, and Christopher A. Chapman, senior vice president and chief financial officer, will discuss the results during a conference call scheduled to begin at 8:30 a.m. ET.

Information about Diebold’s financial results, including a complete, full-text press release, supplementary financial data and an earnings overview presentation, will be accessible by visiting the Investor Relations section of Diebold’s website located at http://www.diebold.com/earnings on July 28.  Live access to the conference call, as well as the replay, will also be available on this website. The conference call will last approximately one hour. Participants should plan to dial in 10 minutes prior to the session.  Details on the call are as follows:

Dial-in number Passcode Time/Date
Conference Call US/Canada: 888-572-7034 5264134 8:30 a.m. ET, July 28, 2016
International: 719-457-2628

About Diebold
Diebold, Incorporated (NYSE: DBD) provides the technology, software and services that connect people around the world with their money – bridging the physical and digital worlds of cash conveniently, securely and efficiently.  Since its founding in 1859, Diebold has evolved to become a leading provider of exceptional self-service innovation, security and services to financial, commercial, retail and other markets.

Diebold has approximately 15,000 employees worldwide and is headquartered near Canton, Ohio, USA. Visit Diebold at www.diebold.com or on Twitter: http://twitter.com/DieboldInc.

Media contact:
Mike Jacobsen
APR
+1 330 490 3796
michael.jacobsen@diebold.com

Investor contact:
Steve Virostek
+1 330 490 6319
stephen.virostek@diebold.com

SOURCE: Diebold, Incorporated

Stella McCartney unveils her Winter 2016 ad campaign

London, 2016-Jul-23 — /EPR Retail News/ — Stella McCartney unveils her Winter 2016 ad campaign images for the first time today in collaboration with iconic American artist Ed Ruscha. Shot in London, the campaign features Amber Valetta and photographed by Harley Weir. Amber Valetta effortlessly embodies the spirit of the modern Stella McCartney woman with Ed Ruscha’s striking text imagery graphically emblazoned across the frame. The statements quintessential to the designer’s vegetarian ethos and playful side, “NO LEATHERS FEATHERS OR FUR,” “VEG OUT,” “MEAT FREE” purposefully disrupts while at the same time compliments Weir’s images. Reflecting the designer’s cruelty free designs and sensibility; the new campaign will be tagged with the hashtag #StellaCares.

The collaboration with Ed Ruscha is a natural progression of Stella’s long standing personal friendship with one of the most iconic American artists of the 20th century who has pioneered the deceptively simple intersection of text and image by superimposing elliptical phrases over landscapes to create paintings. While model, actress and environmentalist, Amber Valetta returns for the first time since 2008 as the face in McCartney’s ad campaign.In addition to the print campaign, is a cheeky mood film entitled “This Film May Contain Gluten” created in collaboration with film maker Simon Aboud. The playful mock documentary of scenes behind the shoot stars Amber Valetta with cameos by Stella herself and British singer Jess Glynne. The film will be revealed on July 26th on www.stellamccartney.com, the brand’s social media platforms.

The new campaign is a celebration of Stella signature designs inspired by sensuality with a sense of humour. Amber showcases this season’s luxurious and effortless looks featuring urban puffa jackets, swan print motifs; fluid knits with ruffle detailing and the designer’s new bag Nina. Also included in the new campaign is a tactical version highlighting the iconic Falabella bag and popular Elyse shoe.

The campaign will break in the September issues of titles including Vogue, Harper’s Bazaar, W, Elle, V and Interview in the US as well as other international titles in the UK, France, Italy, Spain, Scandinavia, Russia, Japan, China.

About Stella McCartney
Stella McCartney is a 50/50 joint venture partnership between Ms. Stella McCartney and Kering established in 2001. A lifelong vegetarian, Stella McCartney does not use any leather or fur in her designs. The brand’s ready-to-wear, accessories, lingerie, fragrance, kids and adidas by Stella McCartney collections are available through 47 other free-standing stores including London, New York, Los Angeles, Tokyo, Hong Kong, Paris and Milan as well around 600 wholesale accounts in key cities worldwide. For more information about Stella McCartney, please visit www.stellamccartney.com.

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Stella McCartney unveils her Winter 2016 ad campaign
Stella McCartney unveils her Winter 2016 ad campaign

Source: Stella McCartney

Michael Kors Holdings Limited to report its Q1 FY 2017 financial results on Wednesday, August 10, 2016

LONDON, 2016-Jul-23 — /EPR Retail News/ — Michael Kors Holdings Limited (NYSE:KORS) today announced that it plans to report its first quarter fiscal year 2017 financial results on Wednesday, August 10, 2016, before the market opens. The Company also plans to hold a conference call to discuss its financial results the same day at 8:00 a.m. ET.

A live webcast of the conference call will be available in the investor relations section of the Company’s website, www.michaelkors.com.

In addition, a replay of the call will be available shortly after the conclusion of the call and remain available until August 17, 2016. To access the telephone replay, listeners should dial (877) 870-5176 or (858) 384-5517 for international callers. The access code for the replay is 5048309. A replay of the web cast will also be available within two hours of the conclusion of the call and will remain on the website for 90 days.

About Michael Kors Holdings Limited
Michael Kors is a world-renowned, award-winning designer of luxury accessories and ready-to-wear. His namesake company, established in 1981, currently produces a range of products through his Michael Kors Collection, MICHAEL Michael Kors and Michael Kors Mens labels, including accessories, footwear, watches, jewelry, men’s and women’s ready-to-wear and a full line of fragrance products. Michael Kors stores are operated, either directly or through licensing partners, in some of the most prestigious cities in the world, including New York, Beverly Hills, Chicago, London, Milan, Paris, Munich, Istanbul,Dubai, Seoul, Tokyo and Hong Kong.

Contact:

ICR, Inc.
Investor Relations:

Jean Fontana
203-682-8200
jean.fontana@icrinc.com

Media:
Alecia Pulman
203-682-8224
alecia.pulman@icrinc.com

Source: Michael Kors Holdings Limited

RioCan Real Estate Investment Trust to acquire Canada Pension Plan Investment Board’s (“CPPIB”) interest in four properties

TORONTO, ONTARIO, 2016-Jul-23 — /EPR Retail News/ — RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) today announced that it has entered into a firm agreement with Canada Pension Plan Investment Board’s (“CPPIB”) to acquire their interest in four properties that are currently co-owned, which is anticipated to close before the end of July 2016. RioCan will purchase CPPIB’s 50% interest at an aggregate purchase price of$352 million and will not assume any additional mortgage debt from the seller in connection with the acquisition. As a result of the purchase, RioCan will own 100% of these four assets.

“We are very pleased to be able to complete this transaction with CPPIB, further improving our focus on Canada’s core urban markets to approximately 77%. These properties are all high quality institutional properties, and as with our earlier acquisitions from our partners we are able to integrate this acquisition seamlessly into our portfolio,” said Edward Sonshine, Chief Executive Officer of RioCan. “This acquisition, together with the acquisitions that have been completed since September 30, 2015, represents more than $1.2 billion dollars of acquisition activity. An impressive accomplishment in what remains a challenging market to acquire quality assets in an accretive manner. These acquisitions, together with organic growth will be the key drivers to the short-term performance in our Canadian portfolio. Long-term, our active development pipeline of largely urban mixed use properties improves the overall quality of the portfolio and will further support our growth profile.”

Properties Acquired:
Property Name Location Net Leasable Area
(NLA) at 100%
Grandview Corners Surrey, British Columbia 530,000
RioCan Meadows Edmonton, Alberta 310,000
RioCan Beacon Hill Calgary, Alberta 530,000
RioCan Centre Burloak Oakville, Ontario 455,000

The acquisition is immediately accretive, and is expected to generate additional annualized net operating income of approximately $18 million (net of fees previously earned from CPPIB). The transaction will be funded through internal resources including lines of credit.

Other Acquisition Activities:
RioCan has entered into a firm purchase agreement with Trinity Development Group Inc. (“Trinity”) to purchase their 25% interest in Chapman Mill Marketplace in Ottawa, Ontario. RioCan will own 100% in the centre and will purchase Trinity’s interest for $35.6 million. In connection with the purchase price RioCan will assume $18.2 million of the in place debt, which carries an interest rate of 3.9% and is scheduled to mature in 2018. Also from Trinity, during the second quarter RioCan acquired an additional 25% interest at a purchase price of $11.8 million, bringing RioCan’s ownership interest in South Bank Centre in Okotoks, Alberta, to 75%. In connection with the purchase, RioCan assumed an additional $6.2 million of the in place debt on the property that carries an interest rate of 3.3% and matures in 2017. RioCan will continue to act as property and asset manager for the centre. Collectively, these two acquisitions are expected to generate additional annualized net operating income of approximately $2.5 million (net of lost property management fees).

During the second quarter 2016, RioCan acquired the remaining 50% interest in RioCan Thickson Ridge, located in Whitby, Ontario from its partner,Kimco Realty Corporation at a purchase price of $45.0 million at RioCan’s interest. The property was acquired unencumbered by any third party debt. The acquisition is expected to generate additional annualized net operating income of approximately $2.9 million (net of lost property management fees).

RioCan and Tricon Capital Group Inc. (“Tricon”) acquired the Shops of Summerhill in Toronto, Ontario on a 75% RioCan, 25% Tricon joint venture basis at a purchase price of $31.5 million at RioCan’s interest ($42 million at 100%), which equates to a 4.0% capitalization rate. RioCan will act as property manager for this fully occupied landmark property, located in one of Toronto’s most exclusive areas. The partners assumed the in place mortgage financing of $13.6 million (at 100%) that carries an interest rate of 3.9% and matures in 2022.

Forward Looking Advisory
This news release contains forward-looking statements within the meaning of applicable securities laws. These statements include, but are not limited to, statements made in this News Release regarding RioCan’s recent acquisitions and development portfolio, together with other statements concerning RioCan’s objectives, its strategies to achieve those objectives, as well as statements with respect to management’s beliefs, plans, estimates, and intentions, and similar statements concerning anticipated future events, results, leverage ratios, circumstances, performance or expectations that are not historical facts, including but without limitation to the intended use of proceeds from the sale. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “would”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plan”, “continue”, or similar expressions suggesting future outcomes or events. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. All forward-looking statements in this News Release are qualified by these cautionary statements.

Forward-looking information is not a guarantee of future events or performance and, by its nature, is based on RioCan’s current estimates and assumptions, which are subject to numerous risks and uncertainties, including those described under “Risks and Uncertainties” in RioCan’s Management’s Discussion and Analysis for the year ended March 31, 2016 (“MD&A”) and the Trust’s most recent Annual Report and Annual Information Form, which could cause actual events or results to differ materially from the forward-looking information contained in this News Release. Those risks and uncertainties include, but are not limited to, those related to: liquidity and general market conditions; tenant concentrations and related risk of bankruptcy or restructuring (and the terms of any bankruptcy or restructuring proceeding), defaults, including the failure to fulfill contractual obligations by the tenant or a related party thereof; retailer competition; access to debt and equity capital; interest rate and financing risk; joint ventures and partnerships; the relative illiquidity of real property; development risk associated with construction commitments, project costs and related approvals; environmental matters and property management. Although the forward looking information contained in this News Release is based upon what management believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. Certain statements included in this News Release may be considered “financial outlook” for purposes of applicable securities laws, and such financial outlook may not be appropriate for purposes other than this News Release.

The Income Tax Act (Canada) contains provisions which potentially impose tax on publicly traded trusts (the SIFT Provisions). However, the SIFT Provisions do not impose tax on a publicly traded trust which qualifies as a REIT. RioCan currently qualifies as a real estate investment trust for Canadian tax purposes and intends to qualify for future years. Should this not occur, certain statements contained in this News Release may need to be modified.

Except as required by applicable law, RioCan undertakes no obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

About RioCan
RioCan is Canada’s largest real estate investment trust with a total enterprise value of approximately $16 billion as at March 31, 2016. RioCan owns and manages Canada’s largest portfolio of shopping centres with ownership interests in a portfolio of 303 Canadian retail and mixed use properties, including 16 properties under development, containing an aggregate net leasable area of 46 million square feet. For further information, please refer to RioCan’s website at www.riocan.com.

Contact Information:
RioCan Real Estate Investment Trust
Cynthia J. Devine
Executive Vice President, Chief Financial Officer
and Corporate Secretary
(647) 253-4973
www.riocan.com

Source: RioCan Real Estate Investment Trust

USDA’s FSIS: Kapowsin Meats Inc of Graham, Wash. Recalls 11,658 pounds of pork products

WASHINGTON, 2016-Jul-23 — /EPR Retail News/ — Kapowsin Meats Inc., a Graham, Wash. establishment, is recalling approximately 11,658 pounds of pork products that may be contaminated with Salmonella I 4,[5],12:i:-, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The whole roaster hogs were produced between June 13, 2016 and July 15, 2016. The following products are subject to recall:

  • Varying weights of boxed/bagged Whole Hogs for Barbeque

The products subject to recall bear establishment number “EST. 1628M” inside the USDA mark of inspection. These items were shipped to various individuals, retail locations, institutions, and distributors in Washington.

FSIS was notified of an illness investigation in Washington on July 13, 2016. The Washington State Department of Health updated FSIS on July 19, 2016 of confirmed case-patients involved in an illness outbreak of Salmonella I 4,[5],12:i:-. Working in conjunction with the Washington State Department of Health, local health departments and the Centers for Disease Control and Prevention (CDC), FSIS determined that there is a highly probable link between whole hogs for barbeque from Kapowsin Meats and this illness cluster. Based on epidemiological investigation, three Salmonella I 4,[5],12:i:- case-patients have been identified with illness onset dates ranging from July 5, 2016, to July 7, 2016. Traceback investigation indicated that three case-patients consumed whole hog roasters for barbeque from Kapowsin Meats. At this time, it is not known if this outbreak strain has any drug resistance; results are pending.

This investigation is ongoing. FSIS continues to work with public health partners at the Washington State Department of Health, local health and the CDC on this investigation.

Consumption of food contaminated with Salmonella can cause salmonellosis, one of the most common bacterial foodborne illnesses. The most common symptoms of salmonellosis are diarrhea, abdominal cramps, and fever within 12 to 72 hours after exposure to the organism. The illness usually lasts 4 to 7 days. Most people recover without treatment. In some persons, however, the diarrhea may be so severe that the patient needs to be hospitalized. Older adults, infants, and persons with weakened immune systems are more likely to develop a severe illness. Individuals concerned about an illness should contact their health care provider.

FSIS and the company are concerned that some product may be frozen and in consumers’ freezers.

Consumers who have purchased these products are urged not to consume them. These products should be thrown away or returned to the place of purchase.

FSIS routinely conducts recall effectiveness checks to verify recalling firms notify their customers of the recall and that steps are taken to make certain that the product is no longer available to consumers.

FSIS advises all consumers to safely prepare their raw meat products, including fresh and frozen, and only consume pork and whole hogs for barbeque that have been cooked to a minimum internal temperature of 145° F with a three minute rest time. The only way to confirm that whole hogs for barbeque are cooked to a temperature high enough to kill harmful bacteria is to use a food thermometer that measures internal temperature, http://1.usa.gov/1cDxcDQ. For whole hogs for barbeque make sure to check the internal temperature with a food thermometer in numerous places, including near the bone. Check the temperature frequently and replenish wood or coals to make sure the fire stays hot. Remove only enough meat from the carcass as you can serve within 1-2 hours.

Media and consumers with questions regarding the recall can contact John Anderson, Owner, at (253) 847-1777.

Consumers with food safety questions can “Ask Karen,” the FSIS virtual representative available 24 hours a day at AskKaren.gov or via smartphone at m.askkaren.gov.The toll-free USDA Meat and Poultry Hotline 1-888-MPHotline (1-888-674-6854) is available in English and Spanish and can be reached from 10 a.m. to 4 p.m. (Eastern Time) Monday through Friday. Recorded food safety messages are available 24 hours a day. The online Electronic Consumer Complaint Monitoring System can be accessed 24 hours a day at: http://www.fsis.usda.gov/reportproblem.

PREPARING PRODUCT FOR SAFE CONSUMPTION
USDA Meat and Poultry Hotline 1-888-MPHOTLINE or visit www.fsis.usda.govWash hands with warm, soapy water for at least 20 seconds before and after handling raw meat and poultry. Wash cutting boards, dishes and utensils with hot, soapy water. Immediately clean spills.Keep raw meat, fish and poultry away from other food that will not be cooked. Use separate cutting boards for raw meat, poultry and egg products and cooked foods.Color is NOT a reliable indicator that meat has been cooked to a temperature high enough to kill harmful bacteria.The only way to be sure the meat or poultry is cooked to a high enough temperature to kill harmful bacteria is to use a thermometer to measure the internal temperature.

  • Fish: 145°F
  • Beef, pork, lamb chops/steaks/ roasts: 145°F with a three minute rest time
  • Ground meat: 160°F
  • Poultry: 165°F
  • Hot dogs: 160°F or steaming hot

Refrigerate raw meat and poultry within two hours after purchase or one hour if temperatures exceed 90º F. Refrigerate cooked meat and poultry within two hours after cooking.

USDA Recall Classifications
Class I This is a health hazard situation where there is a reasonable probability that the use of the product will cause serious, adverse health consequences or death.
Class II This is a health hazard situation where there is a remote probability of adverse health consequences from the use of the product.
Class III This is a situation where the use of the product will not cause adverse health consequences.

 

Contact:
Congressional and Public Affairs
Gabrielle N. Johnston
(202) 720-9113
Press@fsis.usda.gov

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USDA's FSIS: Kapowsin Meats Inc of Graham, Wash. Recalls 11,658 pounds of pork products
USDA’s FSIS: Kapowsin Meats Inc of Graham, Wash. Recalls 11,658 pounds of pork products

 

Source: USDA

eBay Inc 2Q2016: $2.2 billion Revenue; GMV of $20.9 billion

San Jose, California, 2016-Jul-23 — /EPR Retail News/ — eBay Inc. (NASDAQ:EBAY), a global commerce leader, delivered gross merchandise volume (GMV) for the quarter ended June 30, 2016 of $20.9 billion, increasing 6% on a foreign exchange (FX) neutral basis and 4% on an as-reported basis. Revenue for the quarter was $2.2 billion, up 7% on an FX-Neutral basis and 6% on an as-reported basis, driving GAAP net income from continuing operations of $437 million, or $0.38 per diluted share, and non-GAAP net income from continuing operations of $496 million, or $0.43 per diluted share. During the quarter, the company generated $764 million of operating cash flow and $617 million of free cash flow from continuing operations while also repurchasing $500 million of its common stock.

“Q2 was another good quarter where we delivered strong results and had acceleration in growth,” said Devin Wenig, President and CEO of eBay Inc. “We are now one year into executing our strategy to provide the best choice, the most relevance and the most powerful selling platform, and there are signs of momentum in our business. We continue to invest in our platforms to ensure eBay is a global commerce leader for years to come.”

Underlying total eBay Inc. performance, the Marketplace platforms delivered $19.8 billion of GMV and $1.8 billion of revenue in the second quarter. Marketplace revenue was up 3% on an FX-Neutral basis and 1% on an as-reported basis, driven by accelerating GMV growth of 5% on an FX-Neutral basis and 3% on an as-reported basis as well as growth in Marketing Services & Other revenue. StubHub growth accelerated in the quarter, with GMV of $1.1 billion, up 35%, and revenue of $225 million, up 40%, aided by strength across multiple genres and the continued benefit from ongoing product innovation. The Classifieds platforms delivered another quarter of strong performance with revenue of $207 million, up 15%, primarily driven by the Automotive and Real Estate verticals across several key geographies, including Germany and Canada.

In the second quarter, eBay crossed the one billion live listings mark for the first time, underscoring efforts to expand the breadth of selection offered to consumers, while making progress on enhancing its shopping platform to improve discoverability. eBay also recently announced its intent to acquire several companies to strengthen its technology and expand its geographical footprint. Expertmaker, which closed in Q2, and SalesPredict will help contribute to eBay’s efforts to build the world’s most comprehensive product knowledge base, in addition to furthering capabilities in artificial intelligence and machine learning. TicketBis will strengthen StubHub’s international footprint, and Ticket Utils will provide sellers with enhanced tools to better manage their inventory.

Second Quarter 2016 Financial Highlights (presented in millions, except per share data and percentages)
Second Quarter
2016 2015 Change
eBay Inc.
Net revenues $2,230 $2,110 $120 6%
GAAP – Continuing Operations
Income from continuing operations $437 $430 $7 2%
Earnings per diluted share from continuing operations $0.38 $0.35 $0.03 8%
Non-GAAP – Continuing Operations
Net income $496 $517 $(21) (4)%
Earnings per diluted share $0.43 $0.42 $0.01 2%

Other Selected Financial and Operational Results

  • Operating margin — GAAP operating margin increased to 23.8% for the second quarter of 2016, compared to 20.3% for the same period last year. Non-GAAP operating margin decreased to 29.1% in the second quarter of 2016, compared to 32.1% for the same period last year.
  • Taxes — The GAAP effective tax rate for continuing operations for the second quarter of 2016 was 16.4%, compared to 22.1% for the second quarter of 2015. The non-GAAP effective tax rate for continuing operations for the second quarter of 2016 was 18.2%, compared to 19.5% for the second quarter of 2015.
  • Cash flow — The company generated $764 million of operating cash flow from continuing operations and $617 million of free cash flow from continuing operations during the second quarter of 2016.
  • Stock repurchase program — The company repurchased approximately $500 million of its common stock, or 20.8 million shares, in the second quarter of 2016. The company’s total repurchase authorization remaining as of June 30, 2016 was $0.3 billion.
  • Cash and cash equivalents and non-equity investments — The company’s cash and cash equivalents and non-equity investments portfolio totaled $10.4 billion as of June 30, 2016.

Business Outlook

  • Third quarter 2016 — The company expects net revenue between $2.16 billion and $2.19 billion, representing FX-Neutral growth of 6% – 7%, with non-GAAP earnings per diluted share from continuing operations in the range of $0.42 – $0.44 and GAAP earnings per diluted share from continuing operations in the range of $0.35 – $0.37.
  • Full year 2016 — The company expects net revenue between $8.85 billion and $8.95 billion, representing FX-Neutral growth of 5% – 6%, with non-GAAP earnings per diluted share from continuing operations in the range of $1.85 – $1.90 and GAAP earnings per diluted share from continuing operations in the range of $1.60 – $1.65.

In July 2016, eBay’s board of directors authorized an additional $2.5 billion stock repurchase program, with no expiration from the date of authorization. The stock repurchase program is intended to programmatically offset the impact of dilution from our equity compensation programs and, subject to market conditions and other factors, to make opportunistic repurchases of our common stock to reduce our outstanding share count. Any share repurchases under our stock repurchase programs may be made through open market transactions, block trades, privately negotiated transactions (including accelerated share repurchase transactions) or other means at times and in such amounts as management deems appropriate and will be funded from our working capital or other financing alternatives.

Quarterly Conference Call and Webcast
eBay Inc. will host a conference call to discuss second quarter 2016 results at 2:00 p.m. Pacific Time today. A live webcast of the conference call, together with a slide presentation that includes supplemental financial information and reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, can be accessed through the company’s Investor Relations website. In addition, an archive of the webcast will be accessible for 90 days through the same link.

eBay Inc. uses its Investor Relations website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor, in addition to following press releases, SEC filings, public conference calls and webcasts.

About eBay
eBay Inc. (NASDAQ: EBAY) is a global commerce leader including the Marketplace, StubHub and Classifieds platforms. Collectively, we connect millions of buyers and sellers around the world, empowering people and creating opportunity through Connected Commerce. Founded in 1995 in San Jose, Calif., eBay is one of the world’s largest and most vibrant marketplaces for discovering great value and unique selection. In 2015, eBay enabled $82 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands.
Presentation

All growth rates represent year over year comparisons, except as otherwise noted. All amounts in tables are presented in U.S. dollars, rounded to the nearest millions, except as otherwise noted. As a result, certain amounts may not sum or recalculate using the rounded dollar amounts provided.

Non-GAAP Financial Measures
This press release includes the following financial measures defined as “non-GAAP financial measures” by the Securities and Exchange Commission (SEC): non-GAAP net income, non-GAAP earnings per diluted share, non-GAAP operating margin, non-GAAP effective tax rate and free cash flow. These non-GAAP financial measures are presented on a continuing operations basis. These measures may be different from non-GAAP financial measures used by other companies. The presentation of this financial information, which is not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation of, or as a substitute for, the financial information prepared and presented in accordance with generally accepted accounting principles (GAAP). For a reconciliation of these non-GAAP financial measures to the nearest comparable GAAP measures, see “Business Outlook,” “Non-GAAP Measures of Financial Performance,” “Reconciliation of GAAP Operating Margin to Non-GAAP Operating Margin,” “Reconciliation of GAAP Net Income to Non-GAAP Net Income and Reconciliation of GAAP Effective Tax Rate to Non-GAAP Effective Tax Rate” and “Reconciliation of Operating Cash Flow to Free Cash Flow” included in this press release.

Forward-Looking Statements
This press release contains forward-looking statements relating to, among other things, the future performance of eBay Inc. and its consolidated subsidiaries that are based on the company’s current expectations, forecasts and assumptions and involve risks and uncertainties. These statements include, but are not limited to, statements regarding the future performance of eBay Inc. and its consolidated subsidiaries, including expected financial results for the third quarter and full year 2016 and the future growth in our business. Actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of future performance. Other factors that could cause or contribute to such differences include, but are not limited to: changes in political, business and economic conditions, any regional or general economic downturn or crisis and any conditions that affect ecommerce growth or cross-border trade; fluctuations in foreign currency exchange rates; the company’s need to successfully react to the increasing importance of mobile commerce and the increasing social aspect of commerce; an increasingly competitive environment for our business; changes to the company’s capital allocation or management of operating cash the company’s ability to manage its indebtedness, including managing exposure to interest rates and maintaining its credit ratings; the company’s need to manage an increasingly large enterprise with a broad range of businesses of varying degrees of maturity and in many different geographies; the company’s need and ability to manage regulatory, tax, data security and litigation risks; whether the operational, marketing and strategic benefits of the separation of the eBay and PayPal businesses can be achieved; the company’s ability to timely upgrade and develop its technology systems, infrastructure and customer service capabilities at reasonable cost while maintaining site stability and performance and adding new products and features; and the company’s ability to integrate, manage and grow businesses that have been acquired or may be acquired in the future.

The forward-looking statements in this release do not include the potential impact of any acquisitions or divestitures that may be announced and/or completed after the date hereof.

More information about factors that could affect the company’s operating results is included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the company’s most recent Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q, copies of which may be obtained by visiting the company’s Investor Relations website. All information in this release is as of July 20, 2016. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to the company on the date hereof. The company assumes no obligation to update such statements.

Contact:

Investor Relations Contact:
Selim Freiha; Tina Todasco
ir@ebay.com

Media Relations Contact:
Abby Smith
press@ebay.com

Company News:
https://www.ebayinc.com/stories/news/

Investor Relations website:
https://investors.ebayinc.com

Source: eBay

Textile Exchange: Lindex is one of the world’s largest user of organic cotton and more sustainable materials

Gothenburg, Sweden, 2016-Jul-23 — /EPR Retail News/ — Lindex is top ten as one of the world’s largest user of organic cotton and more sustainable materials like Lyocell and recycled polyester, according to Textile Exchange’s latest report.

“We continuously work to increase the share of fibers from more sustainable sources and are very proud of our progress. Our goal is that all our cotton should be more sustainable and that 80 percent of all our clothes come from more sustainable fibers by 2020. We have up till now reached a level where more than half our total assortment comes from more sustainable materials”, says Anna-Karin Dahlberg, Production Support Manager at Lindex.

25 per cent of Lindex total assortment consist of organic cotton and as part of its dedicated work to increase the use of sustainable materials, Lindex also work for replacing the synthetic fibers with more sustainable options such as Lyocell and recycled polyester.

Besides significantly increasing the use of more sustainable materials Lindex has intensified its work to improve the production processes in order to reduce the use of water, energy and chemicals. The fashion chain has reviewed the washing processes of its denim production and aims to work with more sustainable processes to more products than denim.

Textile Exchange, that has published the market report about preferred fiber and materials, is a global non-profit organization that focuses on minimizing the harmful impacts of the global textile industry and maximizing its positive effects. Textile Exchange is an industry leader in environmentally and socially preferred fibers and materials and produces market reports annually.

For more information, please contact:

Kristina Hermansson
Corporate Communications
Phone: 46 (0)31 739 50 70
E-mail:  kristina.hermansson@lindex.com

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Textile Exchange: Lindex is one of the world’s largest user of organic cotton and more sustainable materials
Textile Exchange: Lindex is one of the world’s largest user of organic cotton and more sustainable materials

 

Source: Lindex

Carphone Warehouse unveils its latest marketing campaign starring Keith Lemon

London , 2016-Jul-23 — /EPR Retail News/ — Carphone Warehouse has today unveiled its latest marketing campaign starring Keith Lemon, debuting first in cinema alongside this year’s summer blockbusters.

Travelling to Dubai where everyone always gets what they ask for, the ad shows Keith ‘rolling’ in a gold plated G-Wagon flanked by a Lamborghini and Ferrari, and sporting his latest swimming trunks on a private super yacht with some new local friends.

Filmed over three days in an opulent Dubai where everything is upgraded, and in the scorching heat of the desert, Keith continues his quest to tell the nation to just ask Carphone Warehouse for a ‘proper good upgrade deal’.

In what is Keith Lemon’s fifth appearance for Carphone Warehouse, the new campaign created by Brothers and Sisters, kicks off with a full 60” second ad in cinemas across the UK from 22nd July. It is expected nearly 7 million viewers will flock to the cinema to see this year’s hottest summer blockbusters – Star Trek Beyond, Suicide Squad and Magnificent 7 – and Carphone Warehouse is taking full advantage of several ad gold spots for maximum exposure.

The 30” and 40” second TV ads will make their debut on the 8th September, as the campaign enters its next phase ahead of one of the busiest periods of the year. In addition, four short videos have been produced specifically for social media to be seeded across Carphone Warehouse’s social channels including YouTube and Facebook. These short bursts see Keith trying his hand at golf and extreme fishing, reinforcing how ‘satisfying’ and ‘spectacular’ getting an upgrade deal from Carphone Warehouse is.

Gary Booker, Chief Marketing Officer at Dixons Carphone said, “We’re the only place where customers can compare thousands of tariffs across the major networks, including iD, and we know customers won’t get a cheaper new or upgrade deal anywhere else, with a clear promise we won’t be beaten on price.

“We want to continue to be in front of customers all the time talking about our great upgrade deals. Launching in cinema first, then following with TV and additional social content allows us to maximise the impact of the campaign as we move into the key September and October months in the lead up to Christmas.”

Matt Charlton, CEO at Brothers and Sisters said, “For the fifth installment in our series with Keith Lemon, we loved the idea of travelling to a place where you can upgrade anything, because as Keith says, Carphone give you a proper good upgrade deal.

“Dubai is known for being bigger, better, bling-ier, so what better setting for Keith to upgrade everything he comes across – he even ropes in a sunglasses wearing falcon!”

About Dixons Carphone
Dixons Carphone plc is Europe’s leading specialist electrical and telecommunications retailer and services company, employing over 40,000 people in 9 countries.

Focused on helping customers navigate the connected world, Dixons Carphone offers a comprehensive range of electrical and mobile products, connectivity and expert after-sales services from the Geek Squad and Knowhow.

Dixons Carphone’s primary brands include Carphone Warehouse, Currys and PCWorld in the UK & Ireland, Elkjøp, Elkjøp Phonehouse, Elgiganten, Elgiganten Phonehouse, Gigantti and Lefdal in the Nordic countries, Kotsovolos in Greece, Dixons Travel in a number of UK & Ireland airports and Phone House in Spain. Our key service brands include Knowhow in the UK, Ireland and the Nordics, and Geek Squad in the UK, Ireland and Spain.

Business-to-business (B2B) services are provided through Connected World Services, PC World Business and Carphone Warehouse Business. Connected World Services aims to leverage the Group’s existing expertise, operating processes and technology to provide a range of services to businesses.

Dixons Carphone was voted ‘Retailer of the Year’ at the Retail Week Awards 2016.

For more information, please contact:

Carphone Warehouse Press Office at M&C Saatchi PR on:
carphonewarehouse@mcsaatchi.com
0207 544 3600

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Carphone Warehouse unveils its latest marketing campaign starring Keith Lemon
Carphone Warehouse unveils its latest marketing campaign starring Keith Lemon

 

Source: Dixons Carphone

Office Depot’s 2Q2016 results will be announced on Wednesday, August 3, 2016

BOCA RATON, Fla., 2016-Jul-23 — /EPR Retail News/ — Office Depot, Inc. (NASDAQ: ODP), a leading global provider of office products, services, and solutions, will announce fiscal second quarter 2016 results before market open on Wednesday, August 3, 2016. A conference call to discuss the results will be held that day at 9:00 a.m. Eastern Time.

To listen to the conference call via webcast, please visit the Office Depot Investor Relations website at investor.officedepot.com. A replay of the webcast and a copy of the presentation will also be available on the website.

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.

Contacts:

Richard Leland
561-438-3796
Investor Relations
Richard.Leland@officedepot.com

Karen Denning
630-438-7445
Media Relations
Karen.Denning@officedepot.com

Source: Office Depot, Inc.

SPAR Austria starts selling its organic Frutura Thermal vegetables in stores

Amsterdam, 2016-Jul-23 — /EPR Retail News/ — Just nine weeks after planting the first crops, SPAR Austria has started selling its juicy, organic Frutura Thermal vegetables in stores around the country. About 50,000 kg of organic tomatoes have been harvested and the organic Ramiro pepper mix will soon be ripe and ready to pack into SPAR Natur*pur bags to be sold in all SPAR, EUROSPAR and INTERSPAR stores in Austria.

The vegetables, grown in an environmentally friendly way in Bad Blumau in Styria, help reduce imports – saving unnecessary transport costs and contributing to reduced CO2 emissions.

The short delivery routes also ensure that the vegetables are bursting with flavour upon arrival in SPAR stores:

“Austrian vegetables are full flavour throughout the year, even in the colder months – this is what our customers ask for. The fact that the products are grown locally, in an environmentally friendly way, is the icing on the cake. This is what modern agricultural development should be,” said Dr Gerhard Drexel, CEO of SPAR Austria.

Contact:

Telephone: +31 20 626 6749
Email: info@spar-international.com

Source: Spar International

SPAR International updates on its online initiatives this year

AMSTERDAM, The Netherlands, 2016-Jul-23 — /EPR Retail News/ — SPAR International has rolled out a number of online initiatives this year, starting with the online publication of Contact International, the magazine developed for SPAR Partners and Retailers. A fully refreshed website was also launched as well as an internal communications platform featuring SPAR Partner news and information.

In our 2015 SPAR International Annual Report, launched in May, we drew attention to the positive achievements of our many partners across Europe, Asia, Africa and the Middle East – summarizing the exciting developments and innovations that have contributed to the strong performance of SPAR worldwide.

An ePub version of the 2015 Annual Report is available for viewing here. It includes a video message from Managing Director, Tobias Wasmuht and an interview with Yoep Man, Managing Director of SPAR China, which outlines the strengths of the SPAR Brand in China and the opportunities that lie ahead.

The Annual Report is now also available for downloading in German, Italian and Spanish in PDF format.

Contact International issues 1 and 2 are now available in mobile friendly versions or to view on a desktop by clicking this link.

As we move into the second-half of the year, the focus on mobile-friendly online communications will continue.

Contact:

Telephone: +31 20 626 6749
Email: info@spar-international.com

Source: Spar International

The GALERIA Kaufhof head office to become HBC Europe’s new headquarters

Cologne, 2016-Jul-23 — /EPR Retail News/ — The GALERIA Kaufhof headquarters, which has long been based in Cologne city center, will be remodeled into a modern service center over the course of the next 18 months, encompassing all of HBC Europe’s banners. The first important steps have now been taken to allow this to go ahead. The Hudson’s Bay Company (HBC), which has been the parent company of GALERIA Kaufhof GmbH since October 2015, has concluded a long-term lease agreement with an investment company of WealthCap, proprietor of the building complex on Leonhard-Tietz-Straße. The agreement runs for more than twelve years until the end of 2028.

At the leased premises, which measure around 38,000 square meters, the current headquarters will be developed into the central office of HBC’s European department store business, bringing all of its banners that are active in Europe under one roof. HBC Europe currently operates in Germany and Belgium, and its department stores will be launched in the Netherlands in 2017 and Luxembourg in 2018. HBC’s premium off-price business Saks OFF 5th will also be launched in Germany and the Netherlands in 2017, and this too will be managed from Cologne.

Donald Watros, President HBC International and Head of the Supervisory Board of Galeria Kaufhof, said: “The European business today represents about one third of the total HBC business. We are proud to further grow and strengthen our banners in Europe and to start new operations in the Netherlands and in Luxembourg. Cologne is the ideal backbone for our European expansion, providing central services like i.e. IT, logistics, personnel and finances.”

Kaufhof chief executive Olivier Van den Bossche, who is also leading HBC’s European department store operations, stated with regard to the plans: “HBC’s long-term commitment is a great opportunity both for our associates and for the city of Cologne. In collaboration with the owner of the property, we will be creating a modern and open working environment over the next 18 months. We are particularly looking forward to bringing our associates from departments which had been transferred to other buildings in Cologne back to the central office, thus creating a joint working environment under one roof. In the refurbished head office, we will have room for 2,000 work stations.”

The renovation work will be implemented in three phases, and the company will respect the requirements of the listed building. The property owner WealthCap will share two-thirds of the investment costs for the modernization work.

Contact:

GALERIA Kaufhof GmbH
Steffen Kern, Corporate Communications
+ 49 (0) 221/223-5597
Steffen.Kern@kaufhof.de

Source: HBC

CVS Health Corporation 2Q2016 conference call on Tuesday, August 2, 2016

WOONSOCKET, R.I., 2016-Jul-23 — /EPR Retail News/ — CVS Health Corporation (NYSE: CVS) will be holding a conference call on Tuesday, August 2, 2016, at 8:30 a.m. (EDT) with analysts and investors to discuss its second quarter financial results.

An audio webcast of the conference call will be broadcast simultaneously through the Investor Relations portion of the CVS Health website for all interested parties. To access the webcast, visit http://investors.cvshealth.com. This webcast will be archived and available on the website for a one-year period following the conference call.

About CVS Health
CVS Health is a pharmacy innovation company helping people on their path to better health. Through its more than 9,600 retail pharmacies, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with nearly 80 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 and 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.

Contact:

Carolyn Castel
carolyn.castel@cvshealth.com

SOURCE: CVS Health Corporation