Shopify reports strong financial results for the quarter ended June 30, 2016

Ottawa, Canada, 2016-Aug-06 — /EPR Retail News/ — Shopify Inc. (NYSE:SHOP)(TSX:SH), the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses, today announced strong financial results for the quarter ended June 30, 2016.

“Today’s entrepreneurs are tomorrow’s multi-million dollar businesses, and that many use Shopify to get there is the foundation of our business model,”said Tobi Lütke, founder and CEO of Shopify. “Our mission is to add value for merchants, and it is clear the additions to the platform we have made over the past year are doing this. Merchant adoption continues to grow across all of them, including the rollout of new sales channels, Facebook Messenger, Shopify Shipping, and Shopify Capital.”

“We are pleased to report our fourth consecutive quarter of year-on-year revenue growth of greater than 90%,” stated Russ Jones, Shopify’s CFO. “We continued to excel on both layers of our business model in Q2. The strong growth in new merchant adds and even stronger growth of their sales indicate that the Shopify platform is meeting the growing demand for multi-channel retail in ways that no other software can.”

Second-Quarter Financial Highlights

  • Total revenue in the second quarter was $86.6 million a 93% increase from the comparable quarter in 2015. Within this, Subscription Solutions revenue grew 72% to $43.7 million, again driven primarily by a strong increase in the number of merchants using our platform. Merchant Solutions revenue grew 121% to $43.0 million, driven primarily by an increase in revenue from Shopify Payments.
  • Monthly Recurring Revenue1 (“MRR”) as of June 30, 2016 was $14.4 million, up 70% compared with $8.5 million on June 30, 2015.
  • Gross Merchandise Volume2 (“GMV”) for the second quarter was $3.4 billion, an increase of 106% over the second quarter of 2015.  GMV processed through Shopify Payments surpassed the billion-dollar mark in Q2, and the percentage of GMV processed through Shopify Payments continues to grow.
  • Gross profit dollars grew 83% to $46.2 million over the second quarter of 2015.
  • Operating loss for the second quarter of 2016 was $8.7 million, or 10% of revenue, versus $3.5 million, or 8% of revenue, for the comparable period a year ago.
  • Adjusted operating loss3 for the second quarter of 2016 was 4% of revenue, or $3.2 million; adjusted operating loss for the second quarter of 2015 was also 4% of revenue, or $1.9 million.
  • Net loss was $8.4 million, or $0.10 per share, compared with $3.3 million, or $0.06 per share, for the second quarter of 2015.
  • Adjusted net loss3 for the second quarter of 2016 was $3.0 million, or $0.04 per share, compared with an adjusted net loss of $1.7 million, or $0.03 per share, for the second quarter of 2015.
  • At June 30, 2016, Shopify had $179.6 million in cash, cash equivalents and marketable securities, compared with $190.2 million on December 31, 2015.

Second-Quarter Business Highlights

  • Shopify announced that our merchants will be among the first to be able to accept Apple Pay and Android Pay for web orders on mobile later this year. These mobile wallets will allow our merchants’ customers to quickly and securely check out by simply tapping the Pay button and scanning their fingerprint. The addition of Apple Pay and Android Pay is expected to contribute to the growing percentage of orders coming from mobile devices, which stood at 53% at the end of the second quarter. The share of traffic from mobile devices in the quarter grew to 64%.
  • Shopify announced the winners of our sixth Build a Business competition, which recognizes five entrepreneurs selling the most over any two-month period over the course of the contest. This year’s winners include:
    • Carbon6, maker of hand-forged carbon fiber rings
    • Nora, inventor of non-invasive, snore-stopping device
    • Happy Trunk Apparel, purveyors of elephant-themed jewelry and clothing
    • iSwegway, sellers of safety-tested, high-quality hoverboards
    • Best Self, self-improvement and productivity experts

Additionally, in the second quarter, Shopify made excellent progress on the multiple initiatives launched over the past year:

  • The number of installs of virtual marketing assistant Kit on the Shopify platform nearly doubled since the Kit acquisition closed in April;
  • Shopify’s first integrated marketplace channel, Amazon, is now in controlled release and on track for launch before year end;
  • Shopify Capital has been well received, with merchants receiving cash advances using those funds to grow their business;
  • Shopify launched the Shopify Plus Partner Program, partnering with award-winning, global, digital, marketing and design agencies to develop a partner ecosystem specifically for Shopify Plus merchants;
  • Shopify Plus continued to add large brands in Q2, including Boeing, Bose, Hallmark, Ubuntu, and musicians Radiohead, Adele and Justin Bieber.

Financial Outlook
The financial outlook that follows constitutes forward-looking information within the meaning of applicable securities laws and is based on a number of assumptions and subject to a number of risks. Actual results could vary materially as a result of numerous factors, including certain risk factors, many of which are beyond Shopify’s control. Please see “Forward-looking Statements” below.

In addition to the other assumptions and factors described in this press release, Shopify’s outlook assumes the continuation of growth trends in our industry, our ability to manage our growth effectively and the absence of material changes in our industry or the global economy. The following statements supersede all prior statements made by Shopify regarding 2016 financial outlook. All numbers provided in this section are approximate.

For the full year 2016, Shopify currently expects:

  • Revenues in the range of $361 million to $367 million
  • GAAP operating loss in the range of $37 million to $41 million
  • Adjusted operating loss 3 in the range of $12 million to $16 million,which excludes stock-based compensation expenses and related payroll taxes of $25 million

For the third quarter of 2016, Shopify currently expects:

  • Revenues in the range of $93 million to $95 million
  • GAAP operating loss in the range of $9 million to $11 million
  • Adjusted operating loss in the range of $2 million to $4 million, which excludes stock-based compensation expenses and related payroll taxes of $7 million

Quarterly Conference Call
Shopify’s management team will hold a conference call to discuss its second-quarter results today, August 3, 2016, at 8:30 a.m. ET. The conference call will be webcast on the investor relations section of Shopify’s website at https://investors.shopify.com/events/Events-Presentations/default.aspx.  An archived replay of the webcast will be available following the conclusion of the call.

Shopify’s Second-Quarter 2016 Interim Unaudited Condensed Consolidated Financial Statements and Notes and its Second-Quarter 2016 Management’s Discussion and Analysis are available on Shopify’s website at www.shopify.com, and will be filed on SEDAR atwww.sedar.com and on EDGAR at www.sec.gov.

About Shopify
Shopify is the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. Merchants use the software to design, set up and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces, brick-and-mortar locations and pop-up shops.The platform also provides a merchant with a powerful back-office and a single view of their business. The Shopify platform was engineered for reliability and scale, making enterprise-level technology available to businesses of all sizes. Shopify currently powers over 300,000 businesses in approximately 150 countries and is trusted by big brands including Tesla Motors, Budweiser, Red Bull, the LA Lakers, the New York Stock Exchange, GoldieBlox, and many more.

Non-GAAP Financial Measures
To supplement its consolidated financial statements, which are prepared and presented in accordance with United States generally accepted accounting principles (GAAP), Shopify uses certain non-GAAP financial measures to provide additional information in order to assist investors in understanding its financial and operating performance.

Adjusted operating loss, adjusted net loss and adjusted net loss per share are non-GAAP financial measures that exclude the effect of share-based compensation expenses and related payroll taxes as well as sales and use tax.

Management uses non-GAAP financial measures internally for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Shopify believes that these non-GAAP measures provide useful information about operating results, enhance the overall understanding of past financial performance and future prospects, and allow for greater transparency with respect to key metrics used by management in its financial and operational decision making.Non-GAAP financial measures are not recognized measures for financial statement presentation under US GAAP and do not have standardized meanings, and may not be comparable to similar measures presented by other public companies. Such non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP. See the financial tables below for a reconciliation of the non-GAAP measures.

Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws, including statements regarding Shopify’s financial outlook and future financial performance. Words such as “expects”, “anticipates” and “intends” or similar expressions are intended to identify forward-looking statements.

These forward-looking statements are based on Shopify’s current projections and expectations about future events and financial trends that management believes might affect its financial condition, results of operations, business strategy and financial needs, and on certain assumptions and analysis made by Shopify in light of the experience and perception of historical trends, current conditions and expected future developments and other factors management believes are appropriate. These projections, expectations, assumptions and analyses are subject to known and unknown risks, uncertainties, assumptions and other factors that could cause actual results, performance, events and achievements to differ materially from those anticipated in these forward-looking statements. Although Shopify believes that the assumptions underlying these forward-looking statements are reasonable, they may prove to be incorrect, and readers cannot be assured that actual results will be consistent with these forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of numerous factors, including certain risk factors, many of which are beyond Shopify’s control, including but not limited to: (i) merchant acquisition and retention; (ii) managing our growth; (iii) our history of losses; (iv) our limited operating history; (v) our ability to innovate; (vi) a disruption of service or security breach; (vii) payments processed through Shopify Payments; (viii) our reliance on a single supplier to provide the technology we offer through Shopify Payments; (ix) a breach involving personally identifiable information; (x) serious software errors or defects; (xi) exchange rate fluctuations; (xii) achieving or maintaining data transmission capacity; and (xiii) other one-time events and other important factors disclosed previously and from time to time in Shopify’s filings with the U.S. Securities and Exchange Commission and the securities commissions or similar securities regulatory authorities in each of the provinces or territories of Canada. The forward-looking statements contained in this news release represent Shopify’s expectations as of the date of this news release, or as of the date they are otherwise stated to be made, and subsequent events may cause these expectations to change. Shopify undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

  1. Monthly Recurring Revenue, or MRR, is calculated by multiplying the number of merchants by the average monthly subscription plan fee in effect on the last day of that period and is used by management as a directional indicator of subscription solutions revenue going forward assuming merchants maintain their subscription plan the following month.
  2. Gross Merchandise Volume, or GMV, represents the total dollar value of orders processed on the Shopify platform in the period, net of refunds, and inclusive of shipping and handling, duty and value-added taxes
  3. Please refer to “Non-GAAP Financial Measures” in this press release.

To view our detailed results with financial tables download this PDF or visit our investors site.

CONTACT:

INVESTORS:
Katie Keita
Director
Investor Relations
613-241-2828
IR@shopify.com

MEDIA:
Sheryl So
Public Relations Manager
416-238-6705 x 302
press@shopify.com

SOURCE: Shopify

Nordstrom Rack at Vaughan Mills shopping centre, in Greater Toronto, Ontario to open in spring 2018

SEATTLE, 2016-Aug-06 — /EPR Retail News/ — Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a Nordstrom Rack at Vaughan Mills shopping centre, in Greater Toronto, Ontario. The approximately 35,000-square-foot store is scheduled to open in spring 2018. The property is owned and managed by Ivanhoé Cambridge.

The new Nordstrom Rack at Vaughan Mills will be located next to Highway 400 north of downtownToronto. Fellow Vaughan Mills tenants include HR2, Winners, H&M, Forever 21, J.Crew and Lululemon.

Nordstrom Rack is the off-price retail division of Nordstrom, Inc., offering customers a wide selection of on-trend apparel, accessories and shoes at an everyday savings of 30-70 percent off regular prices.Nordstrom Rack merchandise, available at Rack stores and at Nordstromrack.com, comes from Nordstrom stores, Nordstrom.com as well as specially purchased items from many of the top brands available at Nordstrom. The Rack is designed to provide the ultimate treasure hunt to style-savvy customers.

“We look forward to offering customers another place to shop for the brands they love at great prices by adding a Nordstrom Rack at Vaughan Mills, in addition to our previously announced One Bloor location,” said Karen McKibbin, president of Nordstrom Canada. “We’re hopeful this will give customers north of the city a more convenient shopping experience.”

“We are delighted to welcome Nordstrom Rack to Vaughan Mills,” said Roman Drohomirecki, Chief Operating Officer, Ivanhoé Cambridge Retail. “The addition of Nordstrom Rack will broaden the centre’s merchandising appeal with a strong apparel offering. We have no doubt that it will further enhanceVaughan Mills’ regional draw and meet our shoppers’ high expectations.”

Nordstrom first announced plans to expand to Canada in 2012 and to date has opened three full-line stores: in Calgary at CF Chinook Centre on September 19, 2014, CF Rideau Centre in Ottawa on March 6, 2015, and CF Pacific Centre in Vancouver on September 18, 2015. The company will open three additional full-line stores in the Toronto area, including CF Toronto Eaton Centre on September 16, 2016, Yorkdale Shopping Centre on October 21, 2016 and CF Sherway Gardens in fall 2017. Nordstrom Rack One Bloor will open in Toronto in spring 2018.

About Nordstrom
Nordstrom, Inc. is a leading fashion specialty retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 329 stores in 39 states, including 121 full-line stores in the United States, Canada and Puerto Rico; 200 Nordstrom Rack stores; two Jeffrey boutiques; and one clearance store. Additionally, customers are served online through Nordstrom.com, Nordstromrack.com and HauteLook. The company also owns Trunk Club, a personalized clothing service serving customers online at TrunkClub.com and its five clubhouses. Nordstrom, Inc.’s common stock is publicly traded on the NYSE under the symbol JWN.

About Vaughan Mills
A designated tourist attraction, Vaughan Mills is a true destination, capturing the best attributes of a super-regional centre, an outlet centre, and an entertainment venue set in an ambience of distinctive design and architecture. Over 13 million shoppers, families and tourists visit Vaughan Mills year after year for a shopping experience that includes: 18 specialty anchors, a mix of full-price and branded outlets, entertainment components and unique dining options, all within seven themed neighbourhoods and seven themed transition courts. Vaughan Mills includes attractions such as Canada’s first and only LEGOLAND Discovery Centre and Canada’s flagship Bass Pro Shops Outdoor World. The powerful retail mix includes unique concepts, such as Saks Fifth Avenue OFF 5th, hr2 Holt Renfrew, Calvin Klein Outlet, Victoria’s Secret, Victoria’s Secret PINK, A|X Armani Exchange Outlet, Hugo Boss Factory Store, Banana Republic Factory Store, Tommy Hilfiger Outlet, Michael Kors Outlet, Aritzia, The Outlet by Harry Rosen,Cole Haan, Vince Camuto, TUMI, Brooks Brothers Factory Store, and many more.

About Ivanhoé Cambridge
Ivanhoé Cambridge, a global real estate industry leader, invests in high-quality properties and companies in select cities around the world. It does so prudently with a long-term view to optimize risk-adjusted returns. Founded in Quebec in 1953, Ivanhoé Cambridge has built a vertically integrated business across Canada. Internationally, the Company invests alongside key partners that are leaders in their respective markets. Through subsidiaries and partnerships, Ivanhoé Cambridge holds interests in close to 500 properties, consisting primarily of office, retail, residential and logistics real estate. Ivanhoé Cambridge held more than Cdn $55 billion in assets as at December 31, 2015. The Company is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada’s leading institutional fund managers. For more information, visit ivanhoecambridge.com.

MEDIA CONTACTS:
Jessica Canfield
Nordstrom, Inc.
(206) 303-4250
Jessica.Canfield@nordstrom.com

Sébastien Théberge
Ivanhoé Cambridge
(866) 456-3342
sebastien.theberge@ivanhoecambridge.com

SOURCE: Nordstrom, Inc.

Product recall: Starbucks’ stainless steel beverage straws

Product recall: Starbucks' stainless steel beverage straws
Product recall: Starbucks’ stainless steel beverage straws

 

Seattle, 2016-Aug-06 — /EPR Retail News/ — Today (August 2), Starbucks issued a recall for stainless steel beverage straws which are rigid, posing an injury risk.

The recall involves reusable stainless steel, Cold-to-Go food-grade drinking straws in two sizes. The straws were packaged and sold in sets of three and were also sold as a component of two sizes of stainless steel beverage cups: Grande 16-ounce (473 milllitre) cups and Venti 24-ounce (710 millilitre) cups. The straws feature a ridge at the bottom that keeps the straw attached to the lid. The Grande straws measure approximately 9.5 inches and the Venti straws measure approximately 10.4 inches.

Starbucks has received three reports in the U.S. and one in Canada of mouth lacerations to young children while drinking. About 2.5 million units were sold in the U.S., and additional 301,000 were sold in Canada. The items were sold in Starbucks® stores nationwide, and online at Starbucks.com.

Consumers should not allow children to handle or use the stainless steel straws. Customers with questions should visit their local Starbucks or call 800-782-7282 from 3 a.m. to Midnight PT daily for more information.

U.S. customers who need more details on the recall should visit: CPSC

Canadian customers who need more details on the recall should visit: Health Canada

Media contact:

Global
Phone: 206 318 7100
Email: press@starbucks.com

Source: Starbucks

###

Amazon and Sky add Britannia to its lineup of dramatic original series

SEATTLE, 2016-Aug-06 — /EPR Retail News/ — Amazon and Sky today announced it has added Britannia to its lineup of dramatic Amazon Original Series in the US and Sky Original Dramas in the UK. Britannia is written by the multi-award winning Jez Butterworth (Jerusalem, Spectre) and stars Kelly Reilly (True Detective, Sherlock Holmes), David Morrissey (The Walking Dead, The Hollow Crown) and Zoe Wanamaker (Harry Potter and the Philosopher’s Stone, My Family). Filmed completely abroad, Britannia is set in 43 AD as the Roman Imperial Army, determined and terrified in equal measure, returns to crush the Celtic heart of Britannia, a mysterious land ruled by wild warrior women and powerful Druids who can channel the powerful forces of the underworld. Britannia is scheduled to premiere on Sky 1 in the UK and Ireland, and on Prime Video in the U.S. in 2017.

“We’re thrilled to be collaborating with Sky on this series entirely produced overseas,” said Roy Price, Vice President, Digital Video and Amazon Studios. “Our customers will experience a cinematic world with bold characters anchored in a ruthless period of history.”

“This is one of the most ambitious dramas we’ve ever made and one of the most exciting,” said Anne Mensah, Sky’s Head of Drama. “Jez Butterworth has written an incredible drama that is entertaining and emotional but also asks important questions about what drives men and women to stand and fight; this is a battle for the heart of Britain like you’ve never seen before.”

Britannia is produced by Rick McCallum (Star Wars) and executive produced by Vertigo Films’ James Richardson (Monsters, Bronson) with Pippa Harris and Nicolas Brown from Neal Street Productions (Penny Dreadful, Call the Midwife) and Anne Thomopolous (Rome, Band of Brothers). The series is written by Jez and Tom Butterworth (Fortitude, Tin Star) with Richard McBrien (Spooks, Merlin).

In the US, Britannia adds to a growing roster of dramatic Amazon Original Series, including The Man in the High Castle, Bosch and Hand of God, as well as upcoming series Goliath, Good Girls Revolt, Sneaky Pete and Patriot. In the UK, Britannia joins 12 original drama series already on air or set to air over the next couple of years on Sky Atlantic and Sky 1 including The Young Pope, Hooten & The Lady, Guerrilla, Tin Star, Delicious, Riviera, Jamestown and The Last Dragon slayer, as well as returning series including Fortitude and Agatha Raisin. The news also follows a successful year for Sky original drama, with BAFTA nominations for The Last Panthers and The Enfield Haunting and record-breaking audiences for Stan Lee’s Lucky Man on Sky 1.

The international distribution rights (excluding the US) for Britannia will be handled by Sky Vision, Sky’s international production and distribution arm. WME and Sky Vision negotiated the deal with Amazon.

About Amazon Video
Amazon Video is a premium on-demand entertainment service that offers customers the greatest choice in what to watch, and how to watch it. Amazon Video is the only service that provides all of the following:

  • Prime Video: Thousands of movies and TV shows, including popular licensed content plus critically-acclaimed and award-winning Amazon Original Series and Movies from Amazon Studios like Transparent, The Man in the High Castle, kids series Tumble Leaf and Chi Raq, available for unlimited streaming as part of an Amazon Prime membership
  • Add-on Subscriptions: Dozens of subscriptions to networks like SHOWTIME, STARZ and more, available to Amazon Prime members as add-ons to their membership
  • Rent or Own: Hundreds of thousands of titles, including new-release movies and current TV shows available for on-demand rental or purchase for all Amazon customers
  • Instant Access: Instantly watch anytime, anywhere through the Amazon Video app on TVs, mobile devices, Amazon Fire TV, Fire TV Stick, and Fire tablets, or online. For a list of all compatible devices visit www.amazon.com/howtostream
  • Premium Features: Top features like 4K Ultra HD, High Dynamic Range (HDR) and mobile downloads for offline viewing of certain content

In addition to Prime Video, the Prime membership includes unlimited Free Two-Day Shipping on millions of items across all categories, more than one million songs and thousands of playlists and stations with Prime Music, early access to select Lightning Deals all year long, free secure, unlimited photo storage in Amazon Cloud Drive with Prime Photos, access to borrow books with the Kindle Owners’ Lending Library, and more.

About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about.

About Sky
Sky is Europe’s leading entertainment company, serving 21 million customers across five countries: UK, Ireland, Germany, Austria and Italy. We offer the best and broadest range of content, deliver market-leading customer service and use innovative new technology to give customers a better TV experience, whenever and wherever they choose.

Sky has annual revenues of over £11 billion and is Europe’s leading investor in television content with a combined programming budget of £4.9 billion. The group employs 30,000 people and is listed on the London Stock Exchange (SKY).

For more information visit www.sky.com/corporate

Media Hotline:

206-266-7180
www.amazon.com/pr

Source: Amazon.com, Inc.

I.N.C International Concepts launches fall 2016 campaign and Iris Apfel emoji keyboard exclusively at Macy’s

I.N.C International Concepts, exclusively at Macy’s, revealed its fall 2016 campaign, “Iris meets I.N.C” with imagery and a corresponding emoji keyboard inspired by fashion icon Iris Apfel. (Photo: Business Wire)
I.N.C International Concepts, exclusively at Macy’s, revealed its fall 2016 campaign, “Iris meets I.N.C” with imagery and a corresponding emoji keyboard inspired by fashion icon Iris Apfel. (Photo: Business Wire)

 

NEW YORK, 2016-Aug-06 — /EPR Retail News/ — I.N.C International Concepts, exclusively at Macy’s, today reveals its fall 2016 campaign, “Iris Meets I.N.C,” and launches its corresponding emoji keyboard inspired by campaign star,Iris Apfel.

Designed by Snaps and with input from Apfel, the keyboard includes emojis, stickers and GIFs featuring Apfel, her signature quotes, and items from the “Iris Meets I.N.C” collection. The emojis also incorporate lifestyle categories, including beauty, food and beverage, and an assortment of birthday-themed graphics in celebration of Apfel’s upcoming 95th birthday on Aug. 29.

“I’m a little old for emojis and I didn’t know what they were,” said Apfel. “But everyone seems to like them, and I want everyone to have a good time. If my face makes people happy, I’m all for it.”

The creative advertising campaign, shot byBen Watts, features Apfel, both on her own and alongside model Linda Vojtova, wearing five looks from the collection. As previously announced, I.N.C teamed up with Apfel to develop a collection of approximately 40 must-have clothing and jewelry pieces that play into fall’s “mod” trend revival. Apfel consulted with I.N.C’s design team and provided creative direction on the collection, which focuses on stylish and versatile wardrobe staples and a wide assortment of her signature bangles.

The emojis will appear throughout all elements of the campaign, including product hangtags, digital advertising and direct mail.

“This is Macy’s first foray into emojis, and Iris Apfel’s campaign for I.N.C was the perfect occasion to try something we’ve never done before,” said Nancy Slavin, senior vice president of marketing for Macy’s Merchandising Group. “Iris has collaborated with other fashion brands in recent years, so we wanted to take a fresh approach. She’s an icon whose appeal spans multiple generations, and we see these emojis as a fun way to amplify the campaign through mobile first. Her fans are going to go crazy!”

Beginning Aug. 3, the emojis are available for free download on iOS and Android through the Apple App and Google Play stores.

The “Iris Meets I.N.C” collection will be available exclusively at Macy’s stores and on macys.com in early September 2016.

About Macy’s
Macy’s, the largest retail brand of Macy’s, Inc. (NYSE:M), delivers fashion and affordable luxury to customers at approximately 730 locations in 45 states, the District of Columbia, Puerto Rico and Guam, as well as to customers in the U.S. and more than 100 international destinations through its leading online store at macys.com. Via its stores, e-commerce site, mobile and social platforms, Macy’s offers distinctive assortments including the most desired family of exclusive and fashion brands for him, her and home. Macy’s is known for such epic events as Macy’s 4th of July Fireworks® and the Macy’s Thanksgiving Day Parade®, as well as spectacular fashion shows, culinary events, flower shows and celebrity appearances. Macy’s flagship stores — including Herald Square in New York City, Union Square in San Francisco, State Street in Chicago, and Dadeland in Miami and South Coast Plaza in southern California — are known internationally and are leading destinations for visitors. Building on a more than 150-year tradition, and with the collective support of customers and employees, Macy’s helps strengthen communities by supporting local and national charities giving more than $69 million each year to help make a difference in the lives of our customers.

For Macy’s media materials, including images and contacts, please visit our online pressroom at macys.com/pressroom.

Macy’s Media Relations:

Billy Dumé
646-429-7449
billy.dume@macys.com

Factory PR
Liz Franco
212-941-7057
liz@factorypr.com

Source: Macy’s

Macy’s, Inc. announces the appointment of Elisa D. Garcia as Chief Legal Officer

CINCINNATI, 2016-Aug-06 — /EPR Retail News/ — Macy’s, Inc. (NYSE:M) today announced that Elisa D. Garcia will be joining Macy’s, Inc. as Chief Legal Officer, effective Sept. 7, 2016. She succeeds Dennis J. Broderick, who will retire as the company’s General Counsel and Secretary, effective Oct. 1, 2016, after 29 years of service.

Garcia, 58, brings 16 years of broad-ranging experience as a corporate general counsel for major consumer-facing companies. Garcia joined Office Depot, Inc. in 2007 as EVP/General Counsel and Secretary, and became Chief Legal Officer in 2013. For the seven years prior to Office Depot, Garcia was EVP/General Counsel and Secretary of Domino’s Pizza, Inc.

Earlier in her career, Garcia served as Regional Counsel, Latin America for Philip Morris International, International and Corporate Counsel for GAF Corporation, and a Corporate Finance Associate with the law firm of Willkie Farr & Gallagher.

A native of New York City, Garcia’s law degree is from the St. John’s University School of Law in New York. She holds bachelor’s and master’s degrees from the State University of New York at Stony Brook. She will be relocating to New York City upon joining Macy’s, Inc.

“Elisa Garcia is an experienced leader in corporate law with an outstanding track record and credentials. She is another example of the industry-leading talent attracted to our company, and we look forward to the positive impact she will make as part of Macy’s leadership team,” said Terry J. Lundgren, Macy’s, Inc. chairman and chief executive officer.

Garcia will report to Lundgren and serve on Macy’s Executive Committee.

“We also salute the career of Dennis Broderick, who has been instrumental in guiding our company though a wide range of complex matters over the past three decades, a period of significant evolution and growth for our company,” Lundgren said.

Broderick, 67, has served as general counsel since 1990 and Secretary since 1993. He joined the company in 1987 as vice president and deputy general counsel. Previously, Broderick was assistant general counsel at The Firestone Tire & Rubber Company and, prior to that, practiced law with the firm of Hohn, Loeser, Freedhaim, Dean & Wellman in Cleveland. Broderick is a graduate of the University of Notre Dame and earned his law degree from Georgetown University.

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers, with fiscal 2015 sales of $27.079 billion. The company operates about 870 stores in 45 states, the District of Columbia, Guamand Puerto Rico under the names of Macy’s, Bloomingdale’s, Bloomingdale’s Outlet, Macy’s Backstage and Bluemercury, as well as the macys.com, bloomingdales.com and bluemercury.com websites. Bloomingdale’s in Dubai is operated by Al Tayer Group LLC under a license agreement.

(Note: additional information on Macy’s, Inc., including past news releases, is available at www.macysinc.com/pressroom)

Contact:

Media:

Jim Sluzewski
513-579-7764

Investor:

Matt Stautberg
513-579-7780

Source: Macy’s, Inc.

EROSKI extiende su red de franquicias con 44 aperturas en la primera mitad del año

EROSKI extiende su red de franquicias con 44 aperturas en la primera mitad del año
EROSKI extiende su red de franquicias con 44 aperturas en la primera mitad del año

 

Elorrio, España, 2016-Aug-06 — /EPR Retail News/ — EROSKI ha abierto 44 supermercados franquiciados en el primer semestre de 2016, cumpliendo las previsiones de su plan de expansión para poder alcanzar el centenar de nuevos establecimientos franquiciados al cierre del ejercicio. Estas inauguraciones, que han contado con una inversión de 6,6 millones de euros, han generado 264 puestos de trabajo. Estas aperturas suponen, junto a la transformación emprendida de su red de tiendas propias, un fuerte impulso a la expansión del modelo comercial ‘contigo’ que define la nueva generación de tiendas EROSKI.

Baleares es la comunidad autónoma donde ha tenido lugar el mayor número de aperturas con ocho nuevos establecimientos franquicados. EROSKI es la franquicia líder de su sector por número de centros en Baleares, con 80 supermercados de estas características en las islas. Las restantes franquicias se han inaugurado en el País Vasco (7), Andalucía (6), Cataluña (6), Galicia (6), Madrid (3), Aragón (2), Castilla La Mancha (2), Castilla León (1), Ceuta (1), Melilla (1) y Navarra (1).

EROSKI prevé superar las cien aperturas en este ejercicio, focalizando su expansión principalmente en las regiones de Andalucía, Madrid, Castilla La Mancha, Extremadura y Levante.

“Ofrecemos una franquicia diferente, en un establecimiento cercano que se aleja de otros conceptos gracias a sus productos frescos y a sus buenos precios en las referencias básicas, todo ello en un local que permite hacer la compra de manera cómoda y rápida”, destaca el director de Franquicias de EROSKI, Enrique Martínez. “Extendemos rápidamente a la red franquiciada las nuevas prácticas de éxito que desarrollamos en nuestra red de tiendas propias de nueva generación. Nos esforzamos en conseguir una buena rentabilidad tanto para el franquiciado como para EROSKI para asegurar relaciones a largo plazo”, concluye.

“Contigo en franquicia” supera los 465 miembros
EROSKI puso en marcha en 2015 el programa “contigo en franquicia”, una iniciativa pionera en el sector de las franquicias que ofrece formación comercial, servicios y ventajas personalizadas, información detallada sobre productos, así como herramientas para optimizar la gestión de las tiendas a sus franquiciados. El programa cuenta ya con más de 465 emprendedores franquiciados.

El objetivo del programa es fortalecer y mejorar la relación de la cooperativa con sus franquiciados, un aspecto clave en el éxito en la expansión de la red de tiendas franquiciadas y que se ha convertido, junto a la rentabilidad del negocio, en el valor más apreciado por los emprendedores que ya cuentan con tiendas franquiciadas EROSKI.

Datos de contacto con el Departamento de Comunicación:

944 158 642
comunicacion@eroski.es

Source: Eroski

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EROSKI y Save the Children unen fuerzas contra la pobreza infantil en España

EROSKI y Save the Children unen fuerzas contra la pobreza infantil en España
EROSKI y Save the Children unen fuerzas contra la pobreza infantil en España

 

Elorrio, España, 2016-Aug-06 — /EPR Retail News/ — EROSKI ha puesto en marcha una campaña solidaria en su red de supermercados e hipermercados con el fin de recaudar fondos a favor de Save the Children. Ambas organizaciones unen así fuerzas contra la pobreza infantil en España, con la mirada puesta en garantizar material escolar a  niños en riesgo de exclusión de cara a la próxima vuelta al cole. La campaña se desarrollará durante los meses de agosto y septiembre.

“Contribuir a una sociedad más justa, solidaria y sostenible forma parte de nuestro ADN como cooperativa de consumo. Con esta campaña confiamos en ayudar a fortalecer los recursos de Save the Children y garantizar la equidad educativa de los menores en edad escolar”, ha señalado el director de Responsabilidad Social de EROSKI, Alejandro Martínez Berriochoa.

“Apoyos como el de EROSKI son imprescindibles en nuestro trabajo con la infancia más vulnerable. Su colaboración servirá para mejorar las vidas de niños en riesgo de exclusión en nuestro país y conseguir que todos tengan las mismas oportunidades para desarrollar su máximo potencial”, ha indicado el director general de Save the Children, Andrés Conde.

Recaudación de fondos a través de la bolsa solidaria
En el marco de esta campaña, EROSKI destinará los beneficios de la venta de su bolsa solidaria a Save the Childrendurante los meses de agosto y septiembre. La bolsa puede ser adquirida en los supermercados e hipermercados de la cooperativa al paso por caja.

Asimismo, cerca de una veintena de hipermercados EROSKI de País Vasco, Navarra, Cantabria, La Rioja y Burgos desarrolla de forma adicional una campaña de recogida de material escolar. Los consumidores pueden adquirir cuadernos, blocks de hojas, pinturas, rotuladores y material de escritura que Save the Children repartirá posteriormente entre los niños que atiende a través del Programa de Lucha contra la Pobreza Infantil.

La infancia es el colectivo en el que más han impactado la crisis económica y los recortes en ayudas sociales. A través de este programa, Save the Children apuesta por la educación como la herramienta más poderosa para romper el círculo de transmisión de la pobreza. La organización presta apoyo educativo a niños con privaciones severas y desarrolla actividades de ocio y tiempo libre que les permitan a ellos y a sus familias tener las mismas oportunidades que las demás. En total, en 2015  apoyó a 8.027 niños y 2.603 adultos en situación de pobreza.

Sobre EROSKI
EROSKI, que sumará además una aportación adicional a la recaudación de esta campaña, desarrolla desde sus inicios múltiples iniciativas de acción social, principalmente relacionadas con la promoción de los hábitos de vida saludables, la formación al consumidor, la defensa del medio ambiente y la solidaridad.

Sobre Save the Children
Save the Children es la organización independiente líder en la defensa de los derechos de la infancia en todo el mundo. Trabaja en más de 120 países salvando vidas, proporcionando seguridad y protección a los niños y las niñas y defendiendo sus derechos en el marco de la Convención sobre los Derechos del Niño de Naciones Unidas.

En España trabaja desde hace más de 20 años con programas de atención a los niños y niñas más vulnerables, centrados en la infancia en riesgo de pobreza o exclusión social. A través de sus programas en España, proporciona una atención integral a los niños, niñas y sus familias para que la situación económica o de exclusión social en la que viven los niños no les impida disfrutar plenamente de sus derechos y puedan alcanzar el máximo de sus capacidades.

Datos de contacto con el Departamento de Comunicación:

944 158 642
comunicacion@eroski.es

Source: Eroski

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K-Plussa to be the most personally rewarding customer loyalty programme in Finland

Helsinki, Finland, 2016-Aug-06 — /EPR Retail News/ — The K-Group’s customer loyalty programme Plussa will become increasingly personalized in October 2016. At the same time, Plussa will be digitized and it will reward customers that patronize the K-Group.

The aim of the revised K-Plussa is to improve the customer experience by recognizing customers with personally targeted benefits. The customer gets personally tailored Plussa special offers based on their purchasing habits. More than 3.6 million Finnish people have a Plussa card in nearly 2.3 million households.

– Plussa aims to be the most personally rewarding customer loyalty programme in Finland.  We will offer our customers precisely those products which they would choose anyway, but at more affordable prices. The more often you use the Plussa card, the better and more personalized it becomes, says Anni Ronkainen, SVP, Chief Digital Officer of Kesko.

The K-Plussa customer loyalty programme will be revised in early October. One of the most significant changes is its digitization. As of the beginning of October, customers can use the collected Plussa points as electronic Plussa money conveniently with the Plussa card at the K-Group stores. Plussa points will continue to be calculated in the same way as before the revision. In this context, printed points vouchers and the payment of points to bank accounts can be abandoned. You can monitor your Plussa account using a mobile application or on the web.

A customer programme with personalized product and service benefits will be built jointly with the K-Group chains and the partner network for customers who concentrate their purchases on the K-Group. The programme is targeted to customers whose annual purchases from the K-Group stores exceed €6,500.

K-Plussa is a unifying factor in the K-Group. The entire K is involved in the development of the customer loyalty programme taking account of customer wishes. The new features to be introduced in October are only the beginning of Plussa’s long-term development.

– A personalized approach is the K-Group’s most important differentiation element in Kesko’s strategy. K-Plussa offers the most personalized benefits from Finland’s widest store and partner network, says Ronkainen.

SVP, Chief Digital Officer Anni Ronkainen will present the K-Plussa revision at Kesko’s half year financial report briefing today at 11.30. The briefing will be held at Katajanokka, Helsinki, Ankkurikatu 5, fourth floor.

K-Plussa is the most extensive and diverse customer loyalty programme in Finland, which offers benefits to its customers from over 3,000 shopping places and over 40 business partners. There are over 3.6 million K-Plussa cardholders in nearly 2.3 million households in Finland. Further information at: www.plussa.com.

Contact:

Tapio Näveri
Director
K-Digital
tel. +358 105 337 170

Source: Kesko

Sainsbury’s to taste-test its own-brand pet food with new technology the Electronic Tongue

Sainsbury’s to taste-test its own-brand pet food with new technology the Electronic Tongue
Sainsbury’s to taste-test its own-brand pet food with new technology the Electronic Tongue

London, 2016-Aug-06 — /EPR Retail News/ — In a UK first, Sainsbury’s is trialling a revolutionary piece of technology, dubbed the Electronic Tongue, to taste-test its own-brand pet food. The news will come as a relief to professional tasters who have historically had the ‘ruff’ deal of ensuring pet food is up to standard.

One of only three of its kind in the UK, the Electronic Tongue uses advanced sensors that work like taste buds to measure and compare taste.

The machine is so accurate, that when experts in Sainsbury’s Quality Testing Laboratory put it to the test, it could taste the difference when pet food had even 0.03 g more of salt added per 100 g, and is even capable of measuring aftertaste.

Juliette Jahaj, Head of Analytical Testing at Sainsbury’s said: “There are a couple of challenges we face when it comes to quality testing pet food, the first being that it’s a fairly unpleasant job for human tasters. Secondly, we can’t ask dogs and cats their opinion!

“What’s paw-sitively brilliant about using the electronic tongue is that we can ensure our pet food is consistently being produced to the recipes that our taste-testing panels of dogs and cats love.

“It’s as close as we can get to talking to the animals – like Dr. Doolittle! We hope this trial gets the tails of the nation’s pets wagging!”

THE SCIENCE BIT – HOW DOES THE ELECTRONIC TONGUE WORK?

  1. The machine can taste up to nine different types of pet food at a time, with individual sensors measuring each different flavour – salt, sour, bitterness, sweetness and umami. From the molecules that are detected in the food the more of each flavour molecule e.g. umami (savoury); the stronger the savoury taste.
  2. The sensors allow the device to analyse the same flavours as the tongue of a cat or dog.  An electrical response is created within the sensors which sends the signal to a connected computer to translate that information into a taste profile.
  3. While every person or animal might interpret the same taste in slightly different ways, based on past experiences, or the smell or texture of a product; the Electronic Tongue produces a set of data that is completely unbiased.
  4. The move is part of the ongoing work performed by Sainsbury’s team of technical managers & product developers who work to ensure products that hit the shelves are just right.  The technical team routinely test Sainsbury’s own-label products in Sainsbury’s in-house laboratory using analytical measuring equipment like the electronic tongue.The Electronic Tongue was designed by a Japanese company called Intelligent Sensor Technology, Inc. led by Dr. Hidekazu Ikezaki. The first machine was manufactured in 1993 in Kyushu University and 22 years and four models later, the latest machine is the TS-5000z with the most up-to-date sensor technology.Juliette Jahaj, Sainsbury’s Head of Analytical Testing concluded: “Through this trial we’re excited to see how the Electronic-Tongue can support the fantastic work of our Technical and Product Development Teams to ensure the pet food in our stores is just purrrfect!”

Contact:
020 7695 6000

Source: Sainsbury

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K-Group to build new main office building in Kalasatama, Helsinki

Helsinki, Finland, 2016-Aug-06 — /EPR Retail News/ — K-kampus, the K-Group’s new main office building, will be built in Kalasatama, Helsinki. The new, modern workplace of around 1,700 Kesko employees will be completed in spring 2019. The building project will be carried out in cooperation with Varma Mutual Pension Insurance Company.

In terms of both location and transport links, K-kampus in Kalasatama, Helsinki, will be excellent for the K-Group employees and its stakeholders alike. The building will be situated next door to the Kalasatama metro stop and the future shopping centre Redi, where also a K-supermarket and a K-Market will be built.

“A more unified K-Group is one of our strategic objectives. K-kampus, to be built in Kalasatama, will bring together nearly all Kesko employees working in different parts of the Greater Helsinki area. It will increase cooperation and make it easier, as well as enable higher efficiency”, says Kesko’s President and CEO Mikko Helander.

Finland’s most modern workplace
K-kampus will have offices on six floors and the building will cover almost the entire block. The office building is designed and will be built using the latest knowledge about multipurpose workspaces.

The workspaces will cater for different working needs, which is why they may vary from cafe style meeting places to spaces that offer complete silence. They can also be modified as necessary.

On the lowest floor of the building, the K-Group divisions and partners will be able to present their new products to employees and stakeholders. The K-supermarket to open on the grocery trade floor of the Redi shopping centre, and the K-Market to open in connection with the metro stop can be used for introducing the latest innovations to customers.

Employees closely involved in planning
Planning the new K-kampus has begun and the aim is to start building at the turn of the year. The employment effect of the project will be around 1,000 full time equivalents.

People moving to K-kampus are closely included in planning its functionality. In working groups formed to support planning, they can test and comment on, for example, suggestions concerning day-to-day efficiencies, the digital working environment and the flexible new working models of K-kampus.

“All of us K-Group employees work in order to deliver our common customer promise, K – for shopping to be fun. K-kampus, planned and implemented together, will provide unparalleled facilities for this. At the same time, it will be the landmark of the renewed K,” says Helander.

Kesko will sell its old head office property in Katajanokka to Varma. The main premises of Kesko and its predecessors, Maakauppiaiden Oy and Kauppiaitten Keskuskunta, have been located on the property since their completion in spring 1940.

K-kampus in brief:

  •  Kalasatama, Työpajankatu 12, FI-00580 Helsinki
  •   27,000 floor square meters, six floors
  •   Workplace of around 1,700 Kesko employees
  •   To be completed in spring 2019
  •  Building project to be carried out in cooperation with Varma Mutual Pension Insurance Company

Further information:
President and CEO Mikko Helander will present the plans for K-kampus at Kesko’s half year financial report briefing today at 11.30. The briefing will be held at Katajanokka, Helsinki, Ankkurikatu 5, fourth floor.

An illustration of K-kampus is available on the “Current topics” page of Kesko’s material bank at http://aineistopankki.kesko.fi.

The about 45,000 exceptionally nice people of the K-Group work daily to make shopping fun for customers in our stores in the Nordic countries, the Baltic countries, Poland and Russia. We help our more than 1,500 stores serve their customers in the grocery trade, the building and technical trade, and the car trade. We do our work with a big heart while paying attention to society and the environment. We are already the most responsible food retailer in the world and always eager to try out something new. We are doing this to offer good choices both on the shelves of the local stores and online. www.kesko.fi

Contact:

Lauri Peltola
Senior Vice President
Corporate Responsibility
Communications and Stakeholder Relations
tel. +358 105 322 400

Leif Backman
K-kampus Project Director
tel. +358 43 824 3460
leif.backman@kesko.fi

Source: Kesko

John Lewis to serve people of Leeds as Victoria Gate opens its doors to public on 20 October, 2016

London, 2016-Aug-06 — /EPR Retail News/ — Hammerson confirms that Victoria Gate, its £165 million development in Leeds, and the anchor tenant John Lewis will open its doors to the public for the first time on Thursday 20 October, 2016.

Set to transform the city’s aspirational retail, dining and leisure offer, Victoria Gate will become part of the new 53,400 m2(575,000 sq ft) Victoria Estate shopping district, which also includes Leeds’ Victoria Quarter arcades.

Anchored by a flagship John Lewis, the scheme is currently 74% pre-let and will also boast new retailers and restaurants including Russell & Bromley, Aspinal of London, Le Pain Quotidien, Neom Organics, T2, GANT, Hackett, Tommy Hilfiger, Anthropologie and international restaurant group D&D. Introducing so many new brands to the city will firmly establish the Victoria Estate as a hub for premium shopping and dining in the North of the UK.

Robin Dobson, Director Retail Development at Hammerson said: ‘It is great to be able to confirm the official launch date for Victoria Gate as the 20 October. Ideally timed for pre-Christmas trade we are delighted to bring this new and iconic retail destination to Leeds and one that is set to be the largest premium retail and leisure destination outside of London. We look forward to disclosing further detail about the launch celebrations shortly.’

James Prince, Head of Branch at John Lewis Leeds, said: ‘I can’t wait for John Lewis Leeds to open its doors for the first time. It’s our most service and experiential led shop to date, as we continue to offer more for customers that can’t be replicated online. My new team of Partners are really looking forward to serving the people of Leeds and welcoming everyone on opening day.’

Notes to editors
John Lewis – John Lewis operates 46 John Lewis shops across the UK (32 department stores, 12 John Lewis at home and shops at St Pancras International and Heathrow Terminal 2) as well as johnlewis.com. It is part of the John Lewis Partnership, the UK’s largest example of worker co-ownership and all 30,000 John Lewis staff are Partners in the business.

John Lewis stocks more than 350,000 separate lines in its department stores and johnlewis.com across fashion, home and technology, and was named  ‘Best In-Store Experience’, ‘Best Clothing Retailer,’ ‘Best Electricals Retailer,’ ‘Best Furniture Retailer,’ ‘Best Homewares Retailer’ and ‘Best Click & Collect Retailer’ in the 2016 Verdict Customer Satisfaction awards.

Johnlewis.com is consistently ranked one of the top online shopping destinations in the UK. John Lewis Insurance offers a range of comprehensive insurance products – home, car, wedding and event, travel and pet insurance and life cover – delivering the values of expertise, trust and customer service expected from the John Lewis brand.

You can follow John Lewis on the following social media channels:
www.johnlewis.com/twitter
www.johnlewis.com/facebook
www.johnlewis.com/youtube.

General enquires:

Vikki Speed
Senior Communications Officer
Corporate & Brand
Telephone: 0207 931 4921
Email: vikki.speed@johnlewis.co.uk

Source: John Lewis

Louis Vuitton launches new product packaging in bright saffron shade

Louis Vuitton launches new product packaging in bright saffron shade
Louis Vuitton launches new product packaging in bright saffron shade

 

Paris, 2016-Aug-06 — /EPR Retail News/ — Louis Vuitton has unveiled new product packaging in a bright saffron shade. This distinctive color, part of the history of Louis Vuitton for a century and a half, gives an elegantly distinctive signature to client packages.

The iconic brown chocolate color of Louis Vuitton packaging has been replaced by a bright saffron dubbed “Safran Impérial”. Recently seen during the “Volez, Voguez, Voyagez” exhibition, the color in fact first appeared early in the history of the Maison, as can be seen in many iconic heritage pieces. In particular, the saffron tone is found on the “Citroën” trunk made by Louis Vuitton for an expedition to Africa organized by the automaker in 1924.

The packaging includes another historic color, the striking blue used in ribbons and handles to set off the saffron, creating a contemporary, timeless signature. The lighter tone on the sides and interiors of the new packaging echoes the natural cowhide leather used by Louis Vuitton since 1860. Stronger materials and new formats designed to fit conveniently in luggage make the packaging perfect for traveling, in keeping with the Louis Vuitton spirit. The use of raw cotton and a flat-pack collapsible design reflect Louis Vuitton’s longstanding commitment to sustainability.

Contact:

LVMH Moët Hennessy – Louis Vuitton
22, avenue Montaigne, 75008 Paris – France
Tel: +33 (0)1 44 13 22 22
Fax: +33 (0)1 44 13 22 23

Source: LVMH

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IKEA announces Broomfield, Colorado for potential second Denver-area store

CONSHOHOCKEN, PA , 2016-Aug-06 — /EPR Retail News/ — IKEA, the world’s leading home furnishings retailer, today announced it has identified a site in Broomfield, Colorado for a potential second Denver-area store. IKEA has not yet determined an exact time frame for submitting specific store plans or for actually opening the store. However, the City has begun the process of incorporating IKEA into the master-planned Regional Retail Center along the Interstate 25 corridor. Until the potential Broomfield store opens in several years, customers can shop at the existing Denver-area IKEA store in Centennial (which opened in 2011) or online at IKEA-USA.com.

As part of an approximately 123-acre parcel of land 17 miles north of downtown Denver, the IKEA site is located at the northwestern corner of Interstate 25 and E. Baseline Road (State Highway 7). The land contiguous to the potential IKEA store eventually could be developed to accommodate opportunities for ancillary commercial, retail or residential uses.

“We are excited at the opportunity for a potential second Denver-area IKEA store at this location in Broomfield,” said IKEA U.S. president Lars Petersson. “A store in this retail corridor would complement our strong presence established in Centennial and eventually provide customers in the northern part of the Front Range an IKEA store closer to them.”

A potential Broomfield store would reflect the same unique architectural design for which IKEA is known worldwide, and would feature nearly 10,000 exclusively designed items, 50 inspirational room-settings, three model home interiors, a supervised children’s play area, and a restaurant serving Swedish specialties such as meatballs with lingonberries and salmon plates, as well as American dishes. Other family-friendly features include a ‘Children’s IKEA’ area in the Showroom, baby care rooms, play areas throughout the store, and preferred parking. In addition to the more than 500 jobs that are expected during the construction phase, approximately 250 coworkers would join the IKEA family when the new store opens. The potential IKEA Broomfield would provide significant annual sales and property tax revenue for local governments.

Once a store timeline is set, IKEA will evaluate potential on-site power generation to complement its current U.S. renewable energy presence at nearly 90% of its U.S. locations. Drawing from its Swedish heritage and respect of nature, IKEA strives to minimize its operations’ carbon emissions because reducing its environmental impact makes good business sense. IKEA evaluates locations regularly for conservation opportunities, integrates innovative materials into product design, works to maintain sustainable resources, and flat-packs goods for efficient distribution. U.S. sustainable efforts include: recycling waste material; incorporating key measures into buildings with energy-efficient HVAC and lighting systems, recycled construction materials, warehouse skylights, and water-conserving restrooms; and operationally, eliminating plastic bags from the check-out process, and selling only LED bulbs/fixtures. IKEA U.S. also has installed electric vehicle charging stations at 14 locations and owns two wind farms.

Since its 1943 founding in Sweden, IKEA has offered home furnishings of good design and function at affordable prices. There are currently more than 380 IKEA stores in 48 countries, including 42 in the U.S. IKEA has been ranked among “Best Companies to Work For” and, as further investment in its coworkers, has raised its own minimum wage twice in two years. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information see IKEA-USA.com, @IKEAUSANews, @IKEAUSA or IKEAUSA on Facebook, YouTube, Instagram and Pinterest.

Contact:

Joseph Roth,
Expansion Public Affairs
(610) 834-0180, x 6500

Source: IKEA

107th Mayor of New York City Rudy Giuliani among keynote speakers for annual NRF PROTECT conference

WASHINGTON, 2016-Aug-06 — /EPR Retail News/ — Rudy Giuliani, 107th Mayor of New York City will be among the keynote speakers as more than 2,000 retail industry loss prevention executives, cybersecurity experts and law enforcement officers convene in Washington next year for the National Retail Federation’s annual NRF PROTECT conference.

“We are thrilled to welcome a committed leader who is passionate about fighting crime,” NRF Senior Vice President for Communities Vicki Cantrell said. “Rudy Giuliani’s strong background as mayor, prosecutor or dealing with terrorists will give our members a fresh perspective on how to protect their businesses.”

Giuliani will address “Principled Leadership: In the Face of Change and Crisis” during the June 26-28, 2017, conference in the nation’s capital. The conference will also feature educational sessions on a wide variety of security issues and provide a forum for loss prevention experts to identify solutions to retail security challenges and explore the latest cutting-edge technology.

Celebrated by many as “Mayor of the World,” Rudy Giuliani provides a resolute voice in tackling the toughest domestic and international issues of our time.  Acclaimed as one of the most effective chief executives in modern American history for his leadership and bravery during 9-11, Giuliani was named TIME magazine’s Person of the Year, was given an honorary knighthood by the Queen of England and was awarded the Ronald Reagan Presidential Freedom Award.

Never one to shy away from a battle, Giuliani almost single-handedly took on organized and white-collar crime in New York with a remarkable record of 4,000 convictions—one that very few attorneys can match.

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

Contact:
Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

Source: NRF

NRF’s STORES magazine: Supermarkets dominate list of Hot 100 Retailers

WASHINGTON, 2016-Aug-06 — /EPR Retail News/ — Supermarkets dominate the list of Hot 100 Retailers published today by the National Retail Federation’s STORES magazine, reflecting a trend of grocers moving away from a one-size-fits-all approach and adopting new practices that focus more on their brands and shoppers.

“The supermarket segment is a model of the dynamic changes in retail. It represents a fast-changing marketplace where legacy banners are reinventing, smaller footprint operators are gaining share and online initiatives from Amazon Prime and subscription services like Hello Fresh and Blue Apron are sneaking a few bites of food from the plate,” STORES Media Editor Susan Reda said.

“Not to be underestimated is the dollar store segment’s quest for a greater share of shoppers’ food budgets. These companies make a compelling bid for the value-oriented shopper with national brand name product offerings, convenience and an improved in-store experience,” Reda said.

Nearly a quarter of companies on the list compiled by Kantar Retail are food retailers, including two in the top five and well-known names such as Publix, Aldi and Whole Foods. The magazine said supermarkets are the retail industry’s hottest companies almost by default since consumers continue to buy groceries even as more discretionary spending is directed away from merchandise and toward services and entertainment.

The Hot 100 list, which is published in the August issue of STORES, is based on sales growth in 2015 over 2014 and ranks both public and privately held retail companies by U.S. domestic sales with a $300 million threshold for inclusion. On average, companies on the list saw growth of 14.7 percent, up from 13.2 percent the year before. The Hot 100 is sponsored by Apex Supply Chain Technologies, Esri, Island Pacific and MagTek.

Topping the list was Haggen, a 30-store Pacific Northwest grocer based in Bellingham, Wash., that grew into a sizeable West Coast chain only to shrink again after complications in its rapid expansion led to bankruptcy. Haggen’s sales grew a dramatic 325 percent to $2 billion in 2015 after the company bought 146 stores that became available when Albertsons acquired Safeway in 2014. But Haggen filed bankruptcy in 2015, saying “a number of Albertsons’ actions” caused the plan to fail. This year, 29 Haggen stores were purchased by Albertsons.

Second on the list was discount variety store Dollar Tree, which moved up from No. 57 on last year’s list after sales grew 138 percent to $19.9 billion following its 2014 takeover of Family Dollar. On the list for the first time at No. 3 was convenience store operator GPM Investments with 119 percent sales growth to $535 million, followed by No. 4 Minyard Food Stores, which saw sales grow 108 percent to $324 million. No. 5 was TV shopping channel Evine Live, which grew 100 percent to $693 million.

The Top 10 also includes No. 6 Torrid, up 100 percent at $410 million; No. 7 Wayfair, up 88 percent at $1.9 billion; No. 8 Bluestem Brands, up 61 percent at $1.7 billion; No. 9 Verizon Wireless, up 54 percent at $16.9 billion, and H&M, up 48 percent at $3.9 billion.

Three of the 10 companies on the list this year have no bricks-and-mortar stores, including Bluestem, Evine Live and Wayfair.

“The themes we see highlighted this year – consolidation, specialization and digitization – are all important ones for all retailers, irrespective of size,” Kantar Retail Chief Knowledge Officer Bryan Gildenberg said.  “Seven of the top 10 grew through significant acquisition, to gain scale and market scope in this dynamic, changing environment.  At the same time, brands like Torrid, H&M and Wayfair have done a wonderful job of understanding their target consumer – helping their customers to be the best version of their specific, distinctive selves,” Gildenberg said.

Fastest-Growing Restaurants
Separately from its Hot 100 Retailers List, STORES examined the fastest-growing quick-service restaurant chains in the country. The top 10 in order of increased market share are Jimmy John’s, Burger King, Starbucks, Domino’s Pizza, Long John Silver’s, Zaxby’s, Bojangles’, Jersey Mike’s Subs, White Castle and WingStop.

About Kantar Retail
Kantar Retail is a leading retail and shopper insight, consulting and analytics and technology business and part of Kantar, the data investment management division of WPP. It works with leading brand manufacturers and retailers to help them sell more effectively and profitably. Kantar Retail tracks and forecasts over 1,200 retailers globally and has purchase data on over 200 million shoppers. Among its market-leading reports are the annual PoweRanking survey and the Digital Power Study. Kantar Retail works with over 400 clients and has 26 offices in 15 markets around the globe.  For further information, please visit www.kantarretail.com, or find it on Twitter and LinkedIn.

About STORES
STORES Media is the publishing group of the National Retail Federation, the world’s largest retail trade association. STORES Media offerings include STORES Magazine (print, digital and mobile versions) and STORES Weekly. STORES products report on the broad spectrum of strategic issues facing senior retail executives including retail technology, supply chain and logistics, credit and payment systems, loss prevention, human resources, omnichannel retailing, communications, marketing, merchandising and other vital store operations.

Contact:
Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

Source: NRF

Tractor Supply Company declares quarterly cash dividend of $0.24 per share

BRENTWOOD, TN, 2016-Aug-06 — /EPR Retail News/ — Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retail store chain in the United States, today announced that its Board of Directors declared a quarterly cash dividend of $0.24 per share of the Company’s common stock.

The dividend will be paid on August 30, 2016, to stockholders of record as of the close of business on August 15, 2016.

About Tractor Supply Company
At June 25, 2016, Tractor Supply Company operated 1,542 stores in 49 states. The Company’s stores are focused on supplying the lifestyle needs of recreational farmers and ranchers and others who enjoy the rural lifestyle, as well as tradesmen and small businesses. Stores are located primarily in towns outlying major metropolitan markets and in rural communities. The Company offers the following comprehensive selection of merchandise: (1) equine, livestock, pet and small animal products, including items necessary for their health, care, growth and containment; (2) hardware, truck, towing and tool products; (3) seasonal products, including heating, lawn and garden items, power equipment, gifts and toys; (4) work/recreational clothing and footwear; and (5) maintenance products for agricultural and rural use.

Contact:

Anthony F. Crudele
Chief Financial Officer
Christine Skold
Vice President, Investor Relations and Corporate Communications
(615) 440-4000

Investors:
John Rouleau/Rachel Schacter
ICR

Media:
Alecia Pulman/Brittany Rae Fraser
ICR
(203) 682-8200

Source: Tractor Supply Company

CarMax welcomes John T. Standley to its board of directors

CarMax welcomes John T. Standley to its board of directors
CarMax welcomes John T. Standley to its board of directors

 

RICHMOND, Va., 2016-Aug-06 — /EPR Retail News/ — CarMax, Inc. (NYSE:KMX) today announced that its board of directors has elected John T. Standley to membership on the board, bringing total board membership to 12. Standley will serve on the Audit Committee.

Standley is the chairman and chief executive officer ofRite Aid Corporation. He has served as CEO since 2010 and chairman of the board since 2012. Standley was president of Rite Aid from 2008 until 2013 and its chief operating officer from 2008 until 2010. He previously served as CEO and as a director of Pathmark Stores from 2005 to 2007. Standley first joined Rite Aid in December 1999, serving in a variety of roles during his original tenure, including chief financial officer, chief administrative officer and senior executive vice president.

“We are excited to welcome John to the CarMax board,” said Tom Folliard, chief executive officer of CarMax. “He brings extensive retail experience not only from his current role as the chairman and CEO of Rite Aid, but also from his many years in other senior leadership positions. His executive, operational and finance knowledge will make him a highly valuable addition to our board.”

About CarMax
CarMax is the nation’s largest retailer of used cars and operates more than 160 stores in 37 states nationwide. CarMax revolutionized the auto industry by delivering the honest, transparent and high-integrity car buying experience customers want and deserve. For more than 20 years, CarMax has made car buying more ethical, fair and stress-free by offering a no-haggle, no-hassle experience and an incredible selection of vehicles. CarMax makes selling your car easy too, by offering no-obligation appraisals good for seven days. At CarMax, we’ll buy your car even if you don’t buy ours®. CarMax has more than 22,000 associates nationwide and for 12 consecutive years has been named as one of the FORTUNE 100 Best Companies to Work For®. During the 12 months ending February 29, 2016, the company retailed 619,936 used cars and sold 394,437 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.

Investors Contact:

Katharine Kenny
Vice President
Investor Relations
(804) 935-4591

Celeste Gunter
Manager
Investor Relations
(804) 935-4597

Media Contact:

pr@carmax.com
(855) 887-2915

Source: CarMax, Inc.

###

Intershop Communications AG announces revenues of EUR 16.3 million in H1 2016

Jena, 2016-Aug-06 — /EPR Retail News/ — Intershop Communications AG (ISIN: DE000A0EPUH1), a leading independent provider of innovative solutions for omni-channel commerce, generated revenues of EUR 16.3 million in the first half of 2016 (previous year: EUR 21.0 million). The drop in revenues is attributable to the project delays of the first quarter, which were offset only partly in the second quarter. Compared to the weaker first quarter, however, both Intershop’s revenues and earnings showed a positive trend in Q2. At EUR 9.1 million, second-quarter revenues exceeded the company’s first-quarter revenues by 25%.

Intershop’s important product revenues amounted to EUR 6.6 million in the first six months of 2016, down 10% on the previous year. Service revenues declined by close to 29% to EUR 9.7 million, reflecting the changed customer structure and the increased use of partner companies. Compared to the first three months, service revenues picked up by 14% and this positive trend is expected to continue.

The gross margin increased by 4 percentage points on the previous year to 46%. At EUR 8.8 million, operating expenses were down by 6% on the same period of the previous year, which is mainly attributable to reduced personnel and consulting expenses. In the second quarter of 2016, Intershop posted moderately positive earnings before interest and taxes (EBIT) of EUR 0.07 million. EBIT for the first six months of 2016 were still negative at EUR -1.3 million (previous year: EUR -0.5 million). Earnings before interest, taxes, depreciation and amortisation (EBITDA) were also slightly negative in the reporting period, at EUR -0.1 million (previous year: EUR 1.4 million). The result for the period came in at EUR -1.6 million (previous year: EUR -0.6 million), which is equivalent to earnings per share of EUR -0.05 (previous year: EUR -0.02).

Cash flow from operations amounted to EUR -1.4 million in the reporting period (previous year: EUR 2.5 million) and is primarily attributable to the half-year loss. At EUR 11.8 million, total cash and cash equivalents were up by an impressive 53% on the prior year reporting date on 30 June. The equity ratio stood at 61% on 30 June 2016, which also exceeded the 58% posted on 31 December 2015.

Says Dr. Jochen Wiechen, CEO of Intershop Communications AG: “The latest analysis by US analyst house Gartner once again confirms that Intershop is among the world’s leading providers of e-commerce platforms. We did a great job in the second quarter and business has clearly picked up. We are optimistic about the second half of the year and maintain our forecast for the full year in view of our large pipeline of orders.”

The interim report on the first six months of 2016 is available for download at http://www.intershop.com/investors-financial-reports.

About Intershop
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.

This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop’s limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

Contact:

HEIDE RAUSCH
Head of Corporate Communication
Phone: +49 3641 50-1000
Fax: +49 3641 50-1309

Source: Intershop

Krispy Kreme Doughnuts to open 10 shops in Costa Rica in the next five years

WINSTON-SALEM, N.C., 2016-Aug-06 — /EPR Retail News/ — Krispy Kreme Doughnuts, Inc., today announced a development agreement with Inversiones DBA-KKD de Costa Rica, SRL (“Inversiones”) to open 10 Krispy Kreme shops in Costa Rica in the next five years.

“Costa Rica’s rapid market growth and consumer demand for sweet treats makes this the perfect time for Krispy Kreme to expand in the country,” said Dan Beem, Krispy Kreme Doughnuts’ Senior Vice President and President – International. “Our partners have a successful history and we are thrilled to partner with them to bring the iconic Krispy Kreme experience to the country.”

The principal owner of Inversiones is Desarollo de Negocios Internationales, SRL, of which Miguel Hernandez is the managing director. Inversiones is also partially owned by 2.5 Investments, LLC.

Hernandez said Costa Ricans will find Krispy Kreme shops to be their new favorite spot for something sweet and a premium cup of coffee.

“We are happy to bring the joy of Krispy Kreme to Costa Rica,” said Hernandez “Once people try our doughnuts, they will not believe how long they have lived without having a freshly made Original Glazed® doughnut.”

About Krispy Kreme Doughnuts, Inc.
Krispy Kreme Doughnuts, Inc., is a global retailer of premium-quality sweet treats, including its signature Original Glazed® doughnut. Headquartered in Winston-Salem, N.C., the Company has offered the highest-quality doughnuts and great-tasting coffee since it was founded in 1937. Krispy Kreme Doughnuts is proud of its Fundraising program, which for decades has helped non-profit organizations raise millions of dollars in needed funds. The Company has more than 1,000 retail shops in 27 countries. Connect with Krispy Kreme Doughnuts at www.KrispyKreme.com, or on one its many social media channels, including www.Facebook.com/KrispyKreme, and www.Twitter.com/KrispyKreme.

Forward-Looking Statements
Information contained in this press release, other than historical information, should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management’s beliefs, assumptions and expectations of our future economic performance, considering the information currently available to management. These statements are not statements of historical fact.

Forward-looking statements involve risks and uncertainties that may cause our actual results, performance or financial condition to differ materially from the expectations of future results, performance or financial condition we express or imply in any forward-looking statements. The words “believe,” “may,” “forecast,” “could,” “will,” “should,” “would,” “anticipate,” “estimate,” “expect,” “intend,” “objective,” “seek,” “strive” or similar words, or the negative of these words, identify forward-looking statements. Factors that could contribute to these differences include, but are not limited to: the quality of Company and franchise store operations; our ability, and our dependence on the ability of our franchisees, to execute on our and their business plans; our relationships with our franchisees; our ability to implement our international growth strategy; our ability to implement our domestic small shop operating model; political, economic, currency and other risks associated with our international operations; the price and availability of raw materials needed to produce doughnut mixes and other ingredients, and the price of motor fuel; our relationships with wholesale customers; our ability to protect our trademarks and trade secrets; changes in customer preferences and perceptions; risks associated with competition; risks related to the food service industry, including food safety and protection of personal information; compliance with government regulations relating to food products and franchising; increased costs or other effects of new government regulations relating to healthcare benefits; and risks associated with implementation of new technology platforms.

These and other risks and uncertainties, which are described in more detail in the Company’s most recent Annual Report on Form 10-K and other reports and statements filed with the United States Securities and Exchange Commission, are difficult to predict, involve uncertainties that may materially affect actual results and may be beyond the Company’s control, and could cause actual results, performance or achievements to be materially different from those expressed or implied by any of these forward-looking statements. New factors emerge from time to time, and it is not possible for management to predict all such factors or to assess the impact of each such factor on the Company. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.

Contact:

Krispy Kreme Doughnuts, Inc.
Sarah Roof
Corporate Communications Coordinator
336-726-8878
sroof@krispykreme.com

Source: Krispy Kreme Doughnuts, Inc.

Wegmans Food Markets to open Short Pump, Virginia store on August 7

SHORT PUMP, VA, 2016-Aug-06 — /EPR Retail News/ — With only the final touches remaining, Wegmans Food Markets’ soon-to-open Short Pump store is nearly ready to make its debut. The shelves are carefully stocked, 550 friendly and knowledgeable employees trained, shopping carts lined up, and customers anxiously await the chance to peruse the 120,000 sq. ft. supermarket that will become “their” Wegmans. The new store is located at West Broad Marketplace on West Broad St. near North Gayton Rd.

The doors open at 7 a.m. on Sunday, Aug. 7, and not a moment too soon for those who have watched the 100-year-old company’s progress from afar as new stores opened in Northern Virginia, then closer with Fredericksburg and most recently Midlothian. When Wegmans first announced two Richmond-area store sites in 2014, social media lit up with comments like, “Doing the @Wegmans dance with the rest of RVA,” and “I am crying tears of joy.”

Short Pump Store Manager Todd Strassner and his team are humbled by the warm welcome the family-owned company has already received. While the shopping experience at every Wegmans supermarket is reminiscent of a European open-air market, he finds that each store takes on a unique personality and rhythm.

“As a manager you dream of opening a new store, getting it up and running, building a team and developing a culture,” Strassner says. “Our new employees see in action what it means to respect and care about those you work with, and everyone is empowered to give customers our best.” Strassner has embraced this way of working together since his career at Wegmans began 34 years ago.

The Short Pump store will offer restaurant-quality foods prepared by Executive Chef James Orr, a graduate of the Culinary Institute of America, and his culinary staff of 130. Options include everything from fresh sandwiches, pasta bowls and salads to hot soup, fresh sushi and delicious chef creations. The food bars are mix and match, with hot and cold self-serve stations featuring entrees and sides, international cuisine, homestyle and vegetarian options – all for in-store dining in the Market Café seating area or takeout.

Chef Orr also oversees The Pub, an in-store restaurant and bar that serves classic pub food with a twist: snacks and sharings, fresh salads, hand-crafted sandwiches and burgers, hearty entrees and a kids menu. Beverages include craft brews like “Evelyn,” a Wegmans Pub-exclusive session IPA by Hardywood Park, ciders, wine by the glass, specialty cocktails and sangria.

“Months of planning and training will culminate on Sunday when we open the store and demonstrate the things that set Wegmans apart, starting with the incredible customer service our people provide,” said Strassner. “Beyond that, my goal is to delight our customers with unmatched quality and selection, convenience, and consistent low prices.”

The Short Pump store is Wegmans’ ninth in Virginia and its 90th store overall.

Wegmans Food Markets, Inc. is a 90-store supermarket chain with stores in New York, Pennsylvania, New Jersey, Virginia, Maryland, and Massachusetts. The family-owned company, recognized as an industry leader and innovator, is celebrating its 100th anniversary in 2016. Wegmans has been named one of the ‘100 Best Companies to Work For’ by FORTUNE magazine for 19 consecutive years, ranking #4 in 2016.

Contact Information:
Valerie Fox
Wegmans media relations coordinator
585-720-5713

Source: Wegmans