Posted on August 28, 2016 by Retail News Editor

Both Ahold and Delhaize Group report strong Q2 results; combined Q3 results to be published on November 17

: Both Ahold and Delhaize Group report strong Q2 results; combined Q3 results to be published on November 17

Zaandam, the Netherlands, 2016-Aug-28 — /EPR Retail News/ — Ahold Delhaize today (August 25, 2016) published Ahold’s second-quarter and half-year report for the period ended July 17, 2016, and, as an appendix, Delhaize Group’s summarized second-quarter and half-year report for the period ended June 30, 2016.

The company, a leader in supermarkets and e-commerce with 22 market-leading local brands in 11 countries, was formed from the merger of Ahold and Delhaize Group. The merger was effective on July 24, 2016, after the end of both companies’ second-quarter reporting periods.

CEO comments: Dick Boer, CEO of Ahold Delhaize, said: “We have started our new chapter as Ahold Delhaize with good momentum, with these two strong sets of pre-merger results. Building on our solid financial foundation, common values and great local brands, we are driving ahead with full energy to deliver even more for customers and communities, associates and shareholders. We look forward to continuing to shape Ahold Delhaize, with a strong commitment to delivering great food, value and innovations for customers across our 11 markets, both in stores and online.”

Pro-forma adjustments

Starting from the third quarter of 2016, Ahold Delhaize will report its quarterly financial performance for five business segments: The Netherlands, Belgium, Central and Southeastern Europe and two reporting segments in the United States. To provide a comparable base, pro-forma historical quarterly segment information will be published on October 6, 2016. In this pro-forma information, we will exclude the financial impact of divestments, as well as merger transaction costs. We will include the impact of purchase price allocation, as well as other effects, including the effects of the alignment of corporate costs allocation and accounting policies.

As announced by Ahold and Delhaize Group on July 14, 2016, 86 stores will be divested in the United States, as part of the approval of the U.S. Federal Trade Commission. Proceeds from these divestments are estimated to be $174 million, resulting in no significant divestment gain or loss. These 86 stores represented $1.4 billion of net sales and $88 million of underlying operating income in 2015. In addition, Ahold Delhaize expects to divest another 10 stores in the Richmond area.

In Belgium, Ahold Delhaize will divest 13 stores, as part of the approval by the Belgian Competition Authority, as announced on March 15, 2016. These 13 stores represented €94 million of net sales and €10 million of underlying operating income in 2015. In addition, Delhaize Belgium also announced the sale of pet specialist shop chain Tom&Co on June 27, 2016.

Outlook

We are confident that we will meet our synergy target of €500 million on an annual run-rate basis by mid-2019. In 2016, synergies are expected to positively impact operating income by €30 million in the second half of 2016.

We continue to expect €350 million in one-off costs related to the merger, of which €61 million has been booked by Ahold and Delhaize year-to-date 2016 and €80 million is expected for the second half of 2016. This excludes transaction costs, which we continue to expect to be within €140 million, of which €62 million has been booked by Ahold and Delhaize in 2015 and €15 million year-to-date in 2016, with the remainder expected for the second half of 2016.

Our free cash flow for 2016 is expected to be €1.3 billion, including expected capital expenditure of €1.8 billion, €0.2 billion of transaction, integration and Delhaize Belgium’s Transformation Plan costs and estimated cash flows from divestments of €0.1 billion.

We plan to hold a Capital Markets Day on December 7 in London, where we will provide an update on our future strategy framework for Ahold Delhaize, share more details on integration and synergies, and give guidance on our capital structure going forward.

Notes to this report

This report includes separate results for the second quarter and half year of 2016 for both former Koninklijke Ahold N.V. (“Ahold”) and former Delhaize Group SA/NV (“Delhaize”) on a standalone basis. Koninklijke Ahold Delhaize N.V. (“Ahold Delhaize”) will publish its first combined results as of the third quarter of 2016.

Ahold and Delhaize Group are reporting on a standalone basis for the second quarter and half year of 2016 because the July 24, 2016, effective merger date of Ahold and Delhaize fell after the July 17 end of Ahold’s first half year of 2016 and after the June 30 end of Delhaize’s first half year of 2016. Ahold’s interim report is included on pages 3-24 of this document and Delhaize’s summary report on pages 25-37. The members of the Ahold Delhaize Management Board who acted as members of the Ahold and Delhaize boards during these reporting periods are the ones responsible for the respective standalone half-year reports.

Cautionary notice

This communication contains forward-looking statements, which do not refer to historical facts but refer to expectations based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those included in such statements. These statements or disclosures may discuss goals, intentions and expectations as to future trends, plans, events, results of operations or financial condition, or state other information relating to Ahold Delhaize, based on current beliefs of management as well as assumptions made by, and information currently available to, management. Forward-looking statements generally will be accompanied by words such as “anticipate,” “believe,” “plan,” “could,” “estimate,” “expect,” “forecast,” “guidance,” “intend,” “may,” “possible,” “potential,” “predict,” “project” or other similar words, phrases or expressions.

This communication contains Ahold Delhaize forward-looking statements relating to, among others, synergy targets, one-off costs, the performance of the Ahold Delhaize business, capital expenditure, cash flow, transaction and integration costs and the Ahold Delhaize Capital Markets Day on December 7, 2016, on which more information is expected to be provided on Ahold Delhaize’s future strategy framework, integration and synergies as well guidance on capital structure, strengthening customers’ proposition, strong sales growth at bol.com, principal enterprise risks faced by Ahold Delhaize, Delhaize’s integrated stores’ sales growth and Ahold Delhaize’s contingencies, commitments and guarantees.

Many of the risks and uncertainties relate to factors that are beyond Ahold’s control. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the risks that the new businesses will not be integrated successfully or promptly or that the combined company will not realize the expected benefits from the transaction, Ahold Delhaize’s ability to successfully implement and complete its plans and strategies and to meet its targets, risks related to disruption of management time from ongoing business operations due to attention being required in connection with the integration, the benefits from Ahold Delhaize’s plans and strategies being less than anticipated, the effect of the merger on Ahold Delhaize’s ability to retain customers,retain and hire key personnel, attract employees who are integral to the success of the business and maintain relationships with suppliers, and on their operating results and businesses generally, litigation relating to the merger, the effect of general economic or political conditions, Ahold Delhaize’s business and IT continuity, collective bargaining, distinctiveness, competitive advantage and economic conditions; information security, legislative and regulatory environment and litigation risks and product safety, pension plan funding, strategic projects, sustainable retailing, insurance and unforeseen tax liabilities and other factors as discussed in Ahold’s and Delhaize’s public filings and other disclosures.

The foregoing list of factors is not exhaustive. Investors and shareholders are cautioned not to place undue reliance on such statements. Forward-looking statements speak only as of the date they are made. Ahold Delhaize does not assume any obligation to update any public information or forward-looking statement in this communication to reflect events or circumstances after the date of this communication, except as may be required by applicable laws.

Outside the Netherlands, Koninklijke Ahold Delhaize N.V., being its registered name, presents itself under the name of “Royal Ahold Delhaize” or simply “Ahold Delhaize.”

Media Relations:
Email: media.relations@aholddelhaize.com
Phone: +31 88 659 9111

Source: Ahold Delhaize

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Posted on August 28, 2016 by Retail News Editor

Co-ops across Western Canada to contribute $816,000 in support of the relief efforts following the devastating wildfire in Fort McMurray

Saskatoon, SK, 2016-Aug-28 — /EPR Retail News/ — A lot can happen through co-operation.

Following the devastating wildfire in Fort McMurray, Alta., local Co-ops across Western Canada — along with their members and customers — teamed up to contribute more than $816,000 in support of the relief efforts.

In total, 55 local Co-ops from B.C. to Manitoba pitched in by collecting donations, hosting fundraisers and making in-kind contributions

MORE: Retail co-ops respond to Fort McMurray evacuation
MORE: FCL and TGP help relief workers make a special delivery

Making a difference

These funds include a $100,000 donation to the Canadian Red Cross from Federated Co-operatives Limited and more than 200 independent retail co-operatives in Western Canada. The donation is part of a $1 million commitment Co-op made to support emergency relief efforts across Western Canada.

Through its Communities in Full Colour program and a Buy One, Get One, Give One promotion, Co-op also donated $40,000 in paint on behalf of customers.

MORE: Co-op moves on $100K for Fort Mac
MORE: Co-op helps bring the colour back to Fort Mac

For more information about the Red Cross’ response to the Fort McMurray wildfire, or to donate, visit redcross.ca.

Source: Coop

Posted on August 28, 2016 by Retail News Editor

L Brands pre-recorded broadcast of its August Sales report will be available on the Internet on Thursday, Sept. 1

COLUMBUS, Ohio, 2016-Aug-28 — /EPR Retail News/ — In conjunction with L Brands’ sales release, you are invited to listen to a pre-recorded broadcast of the August Sales report. The broadcast will be available on the Internet on Thursday, Sept. 1 at 7:30 a.m. ET.

What: L Brands August Sales Report

When: 7:30 a.m. ET on Thursday, Sept. 1, 2016

Where: http://www.LB.com

How: Simply log on to the Web at the address above or dial 1-866-639-7583.

There is no security passcode.

To access the broadcast, click on the August Sales webcast link on the homepage. The call will also be archived on www.LB.com.

ABOUT L BRANDS:
L Brands, through Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel , is an international company. The company operates 3,052 company-owned specialty stores in the United States , Canada , the United Kingdom and Greater China , and its brands are sold in more than 700 additional franchised locations worldwide.

The company’s products are also available online at www.VictoriasSecret.com, www.BathandBodyWorks.com, www.HenriBendel.com and www.LaSenza.com.

Contact:

Tammy Roberts Myers
Vice President, Communications
614-415-7072 tel.

Amie Preston
Chief Investor Relations Officer
614-415-6704 tel.

Source: L Brands/ globenewswire

Posted on August 28, 2016 by Retail News Editor

Wegmans Food Markets customers in Maryland and Virginia donated 109,968 pounds of food during the two-week “Fill the Bus” food drive

ROCHESTER, N.Y., 2016-Aug-28 — /EPR Retail News/ — Wegmans Food Markets customers in Maryland and Virginia donated 109,968 pounds of food during a two-week “Fill the Bus” food drive to support local food banks’ increased summer needs. From Sunday, June 19 through Saturday, July 3 customers were invited to help “Fill the Bus” by donating non-perishable items that provide healthy meal options for children when they do not have access to free or reduced-price meals at school.

“The caring and generosity of our customers continues to amaze me,” said Wegmans Community Relations Manager Linda Lovejoy. “During this campaign, our Virginia and Maryland customers increased their donations by 28,000 pounds over last year, translating to a campaign total of 21,994 backpacks that were sent home with kids to feed them over the course of a weekend. This makes a huge impact on reducing hunger in local neighborhoods, particularly during a time of year when the need is highest.”

Service desks at the 15 participating stores posted wish lists of non-perishable items intended to be nutritious and easy to prepare, like tuna fish, peanut butter, and canned soup. Products to donate were also displayed by the registers and could be purchased at checkout and then placed in a “Fill the Bus” collection bin located by the front of the store.

Donations were collected and transported to the food banks that partner with each store, remaining in the immediate community. The food banks that received donations are listed below with the pounds of food collected, and in parentheses, the Wegmans stores that partner with them:

Maryland
Harford Community Action Agency – 5,172 pounds (Bel Air)
Howard County Community Action Council – 4,135 pounds (Columbia)
Anne Arundel County Food Bank – 5,512 pounds (Crofton)
Frederick Community Action Agency – 3,800 pounds (Frederick)
Manna Food Center – 2,387 pounds (Germantown)
Maryland Food Bank – 7,858 pounds (Hunt Valley)
Shabach Ministries – 2,268 pounds (Woodmore)

Virginia
Capital Area Food Bank – 8,001 pounds (Alexandria)
Loudoun Interfaith Relief – 26,722 pounds (Dulles/Sterling and Leesburg)
Food for Others – 24,442 pounds (Fairfax)
Fredericksburg Regional Food Bank – 3,177 pounds (Fredericksburg)
SERVE Inc. –7,221 pounds (Manassas/Gainesville)
ACTS – 6,699 pounds (Potomac/Woodbridge)
FeedMore – 2,574 (Midlothian)

In 2015, Wegmans donated approximately 14.5 million pounds of food to local food banks, food pantries, and soup kitchens across all of its market areas.

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:
Tracy Van Auker
Wegmans media relations coordinator
585-429-3826
tracy.vanauker@wegmans.com

Source: Wegmans Food Markets, Inc.

Posted on August 28, 2016 by Retail News Editor

The Rite Aid Foundation to help further with ongoing flood relief efforts across the greater Baton Rouge area

CAMP HILL, Pa., 2016-Aug-28 — /EPR Retail News/ — The Rite Aid Foundation announced today an additional $50,000 donation to the American Red Cross Louisiana Capital Area to help with ongoing flood relief efforts across the greater Baton Rouge area. The donation will be used to provide 11,000 comfort kits, containing personal hygiene products and snacks, to people displaced by the flooding.

“The flooding in Louisiana has brought devastation and uncertainty to tens of thousands of people,” said Elizabeth Penniman, vice president of communications for the American Red Cross. “Thanks to the generosity of partners like The Rite Aid Foundation, the Red Cross will be able to support the 18 shelters open throughout the area, continue to distribute relief supplies and provide comfort to people hit hard by this historic event.”

The Rite Aid Foundation previously announced a $50,000 donation to help with relief efforts on Aug. 15.

Rite Aid operates 61 stores in Louisiana, including 11 in the greater Baton Rouge area. The Company employs nearly 1,000 associates across the state.

Since its inception in 2001, The Rite Aid Foundation has awarded nearly $27 million to non-profit organizations. Additionally, Rite Aid, through the efforts of its customers, supplier partners and associates, has also raised more than $75 million for Children’s Miracle Network Hospitals across the country since 1994.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2016 annual revenues of $30.7 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

Media Contact:

Ashley Flower
717-975-5718

Source: Rite Aid Corporation

Posted on August 28, 2016 by Retail News Editor

Target honored to sign the White House Equal Pay Pledge and affirm its commitment to making pay equitable for everyone at Target

MINNEAPOLIS, 2016-Aug-28 — /EPR Retail News/ — At Target, we believe diversity and inclusivity make teams and Target better. We work to create a diverse and inclusive working environment and cultivate an inclusive guest experience, building a better Target for our team members and guests – and a better society for all.

Target is honored to sign the White House Equal Pay Pledge and affirm our commitment to making pay equitable for everyone at Target, including women in the workplace. To achieve our goal of pay equity, we’ve implemented meaningful business practices, including continued leadership training designed, in part, to reduce the likelihood that leaders’ decisions are improperly influenced by bias or stereotyping. We also use other internal measures, such as a comprehensive annual pay audit process, to ensure compensation is fair and equitable across the organization.

Additionally, earlier this year, Target CEO Brian Cornell joined PepsiCo CEO Indra Nooyi to co-chair the Network of Executive Women’s Future Fund – an industry-wide campaign aimed at achieving 50/50 gender parity in the workforce. We’ve also earned a spot on the list for the Top Companies for Executive Women from the National Association for Female Executives for the past four years.

We are proud of our internal initiatives and external partnerships, and we remain committed to improving pay processes and policies that ensure equality and fairness for all.

About Target Corporation
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,797 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

Contact:
Media Hotline: 612) 696-3400
Investor Relations: (612) 696-3400
Advertising Inquiries: media@target.com

Source: Target

Posted on August 28, 2016 by Retail News Editor

Philippines: SM Investments to expand in Visayas and Mindanao

Cebu, Cagayan de Oro, Davao, Philippines, 2016-Aug-28 — /EPR Retail News/ — SM Investments Corporation (SM), one of the largest conglomerates in the Philippines, is committed to expand outside of Metro Manila where huge potential for growth is apparent.

In particular, Visayas and Mindanao contributed 26.9% to total Gross Domestic Product (GDP) in 2014 based on most recent data, growing at 5.6% and 7.4%, respectively. This compares well with Metro Manila’s growth of 5.9%. Population grew at an average rate of 1.9% in Mindanao, 1.4% in Visayas as GDP per capita increased by 2.4% in Visayas and 5.0% in Mindanao.

“VizMin is a new growth region for SM where significant opportunities await investors. Its underserved markets are hungry for the kind of aspirational products and services that SM tends to bring into its development,” Corazon P. Guidote, SM Senior Vice President for Investor Relations said.

SM has earmarked between PHP70 to PHP80 billion every year in an aggressive expansion bid in the Philippines, fueled by the local economy’s strong momentum. As a result of this capital commitment, SM further grew the bottomline by 11% to PHP15 billion in consolidated net income in the first half.

Since listing in the stock market in 2005, SM’s market capitalization grew by 19.8% per annum to PHP837.2 billion as of August 18, 2016 from PHP127.2 billion in 2005, reflecting the support from investors, particularly foreign institutional funds over the last 11 years.

SM Prime Holdings, SM’s property arm is spending the lion’s share of the capital as it further gears up for an aggressive expansion program in the next three years. This follows the opening of the 430,000 sqm SM Seaside Cebu in 2015, the company’s largest mall in Southern Philippines. The mall sits on on SM’s flagship 30-hectare property designed to be a lifestyle city complex in Cebu’s SRP.

SM opened its first mall in the Visayas in 1993 with SM City Cebu which has been expanded given its highly successful run. Beside it stands the 396-room Radisson Blu which opened in October 2010. SM City Consolacion opened in Cebu in 2012 and SM Seaside City Cebu in 2015. Including the above-mentioned malls, SM Prime has a total of five malls in Visayas including SM City Iloilo and SM City Bacolod with a combined gross floor area of over 1 million square meters. In Mindanao, SM Prime has four malls—SM City Davao and SM Lanang Premier also in Davao, SM City Cagayan de Oro and SM City General Santos with a combined GFA of over 490,000 sqm.

“Mr. Sy is one of the prime movers in the South. He goes to places where few investors go and develops catalyst projects that eventually bring in other businesses into the area. This reinforces SM’s vision and creates a positive impact on the lives of its host communities. The market is ready and SM is ready to take on a more aggressive stance outside of its comfort zone,” Ms. Guidote said.

On the SM Seaside Complex will soon open a one-hectare Cebu Ocean Park which will be the first world-class marine theme park facility in the South. It is set to take SM shoppers on an educational, interactive, exciting and fun-filled marine life journey for kids and through its four main park attractions: the Oceanarium that will feature an acrylic enclosure allowing for a 360 degree view of the main lagoon, Stingray and Crocodile Encounters, Sea Lion and Bird Shows, and Jellies and Penguin Exhibits. Convention rooms will also be developed for tourism and education related facilities.

As the anchor development, SM Seaside City is slated to transform the city’s landscape into a business tourism and entertainment destination as SM Prime adds offices, an arena, a five-star hotel, convention centers and residences. Apart from malls, SM Prime also has hotels in the VizMin region, namely Radisson Blu hotel in Cebu and Park Inn in Davao. It also has convention centers, namely SMX Bacolod, SMX Davao and the Cebu Trade Hall.

In retail, SM’s department store business under SM STORE recently opened in Cebu’s SM Seaside City which is aligned with the mall’s accelerated growth in the provincial territories. Mr. Henry Sy in fact opened a shoe store in Cebu as early as 1965 and his first Shoemart department store in the Visayas, partcularly in Iloilo in 1979. Today there are six department stores operating in Visayas particularly in Cebu, Mandurriao, Delgado in Iloilo, Bacolod, Consolacion in Cebu and Cebu SRP and four in Mindanao particularly Davao, Cagayan de Oro, General Santos, and Lanang in Davao.

SM Markets, SM’s food retail arm which consists of the brands SM Supermarket, SM Hypermarket and Savemore, continued to aggressively expand in both urban and rural communities in various parts of Luzon, Visayas and Mindanao. SM Markets today follows a multi-format growth strategy to address the lack of organized retail in many parts of the country, largely diversifying from its previous strategy of operating anchor stores in malls. In Visayas and Mindanao, SM Markets has a total of 42 stores.

In banking, BDO Unibank, the country’s largest bank acquired One Network Bank (ONB), the largest rural bank in Mindanao. The acquisition of ONB expands the regional presence of BDO particularly in its target market in the southern Philippines’ consumer base and opens up business lines for the bank. BDO Unibank has a total of 182 branches in Visayas and Mindanao and over 100 branches under One Network Bank in the region. On the other hand, China Banking Corp. has 87 branches in VizMin and 16 branches under China Bank Savings in the region.

“Overall, SM continues to be a long-term growth story. It aims to further create value for all its shareholders by tapping on the huge potential that the Philippines offers to those committed to the welfare of its people and the country’s development,” Ms. Guidote said.

About SM Investments Corporation
SM Investments Corporation (SM) is one of the leading conglomerates in the Philippines with highly synergistic businesses in retail, banking and property development. SM has evolved into one of the most highly respected companies in the country owing to its progressive approach in business and its comprehensive sustainability programs for its host communities through SM Foundation and SM Cares.

SM’s retail operations enjoy a strong brand franchise consisting of THE SM STORE and its food retail chains namely SM Supermarket, SM Hypermarket, Savemore and WalterMart stores. SM’s property arm, SM Prime Holdings, Inc., is among the largest integrated property developers in the Philippines with interests in mall, residential, commercial and tourism development. SM’s interests in banking are in BDO Unibank, Inc. (BDO), the country’s largest and in China Banking Corporation (China Bank). Combined, these two banks have a network of over 1,000 branches nationwide.

For further information, please contact:
Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
E-mail: cora.guidote@sminvestments.com
Tel. No. (632) 857-0117 www.sminvestments.com

Source: SM Investments Corporation

Posted on August 28, 2016 by Retail News Editor

Watsons Hong Kong won HKMA Quality Award 2016 – Certificate of Excellence

: Watsons Hong Kong won HKMA Quality Award 2016 – Certificate of Excellence

HONG KONG, 2016-Aug-28 — /EPR Retail News/ — Watsons Hong Kong is greatly honored to have won the HKMA Quality Award 2016 – Certificate of Excellence. This was truly a team effort and it brought together people from across our business to really focus on our common goal and allowed us to reflect on the challenges we face. We have been able to crystalize those aspects of A.S. Watson Group’s DNA that make the sustainable growth of Watsons.

We believe that agility is paramount. We have modernized and digitized shopping, transformed the store environment, and invested in professional, world-class service and developing new products. We strive for innovation and excellence to meet the changing customer expectations.　To stand out and be worthy of consumer loyalty takes more, we ensure the voice of the consumer is at the very heart of every decision. Through a clearly articulated mission, strong leadership and the commitment of the Watsons team, we have made Watsons a regional success.

In helping our customers LOOK GOOD and FEEL GREAT, we know that we need to build on our scale and experience in a way that embraces our passion and dynamism. Watsons Hong Kong is committed to meeting the challenges of the future, in providing excellent service to customers.

Contact:

A.S. Watson Retail (HK) Ltd
A.S. Watson Brand Contact Methods

Watson House, 1-5 Wo Liu Hang Road, Fo Tan,Shatin, N.T., Hong Kong
+852 2606 8833
+852 2690 2836
grouppr@aswatson.com

SOURCE: A.S. Watson Group

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Posted on August 28, 2016 by Retail News Editor

Chick-fil-A selected entrepreneur Blake Dennard as the local franchise owner of its restaurant at the Somerset Collection in Troy

: Chick-fil-A selected entrepreneur Blake Dennard as the local franchise owner of its restaurant at the Somerset Collection in Troy

TROY, Mich., 2016-Aug-28 — /EPR Retail News/ — Chick-fil-A, Inc. has selected entrepreneur Blake Dennard as the local franchise owner of one of its first Chick-fil-A restaurants in Michigan – Chick-fil-A at the Somerset Collection in Troy.

With the restaurant located in the mall’s food court at 2800 W. Big Beaver Rd. projected to open this fall, Dennard will oversee day-to-day activities of the business, employ more than 50 full- and part-time team members, and cultivate relationships with Troy schools, neighboring businesses, and restaurant guests.

A graduate of the University of Kentucky, Dennard spent the last few years traveling the country as part of Chick-fil-A’s Leadership Development Program serving as both an Interim Manager and Grand Opening Supervisor. He began his Chick-fil-A career in his home state of Kentucky, working along-side his father who is the franchise-owner of the Georgetown Chick-fil-A restaurant. Dennard is thrilled to follow in his father’s footsteps as a Chick-fil-A Operator and introduce Chick-fil-A to the people of Michigan.

“I am so honored to be opening my Chick-fil-A restaurant in Troy.” Dennard said. “I look forward to welcoming guests to experience the great food, service and hospitality Chick-fil-A is known for.”

The restaurant will employ 50 full- and part-time team members across all parts of the business who will be hired locally and paid above minimum wage. To help its team members pay for college, the restaurant will also offer the opportunity for college scholarships through the restaurant company’s national scholarship program, which has provided more than $34 million to its team members since its inception. As with all Chick-fil-A restaurants, team members are guaranteed Sundays off. Those interested in joining the Chick-fil-A at the Somerset Collection team can apply by visiting www.cfatroycareers.com.

Nearly everything on Chick-fil-A’s menu is made from scratch daily, including salads made from whole vegetables and fruits that are hand-chopped throughout the day. The lemonade is fresh squeezed and is made from three simple ingredients: lemon, sugar and water. Like all Chick-fil-A restaurants, the chicken served at Chick-fil-A at Somerset Collection will be 100 percent whole breast meat, without any fillers, hormones or additives. Each chicken breast is hand-breaded to order and pressure cooked in 100 percent refined peanut oil, which is naturally trans-fat- and cholesterol-free. By the end of 2019, every Chick-fil-A restaurant will serve chicken raised without antibiotics.

Guests are encouraged to visit the restaurant’s Facebook page for the latest information leading up to the grand opening.

About Chick-fil-A, Inc.
Atlanta-based Chick-fil-A, Inc. is a family owned and privately held restaurant company founded in 1964 by S. Truett Cathy. Devoted to serving the local communities in which its franchised restaurants operate, and known for its original chicken sandwich, Chick-fil-A serves freshly prepared food in more than 2,035 restaurants in 43 states and Washington, D.C.

Chick-fil-A system sales exceeded $6 billion in 2015, which marks 48 consecutive years of sales growth. Chick-fil-A earned a top spot in the 2015 Customer Service Hall of Fame for the second year in a row and is the only quick service restaurant to make the Customer Service Hall of Fame. The company was also the only restaurant brand named to the Top 10 “Best Companies to Work For” by 24/7 Wall Street. More information on Chick-fil-A is available on the chain’s website located at www.chick-fil-a.com.

Contact:
Brenda Morrow
(404) 272-9381
Email: brenda.morrow@cfacorp.com
Twitter: @ChickfilANews

Source: Chick-fil-A

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Posted on August 28, 2016 by Retail News Editor

Chick-fil-A selected Michigan native Kate McNerney as the local franchise owner of one of its first restaurants in Michigan

LANSING, Mich., 2016-Aug-28 — /EPR Retail News/ — Chick-fil-A, Inc. has selected Michigan native Kate McNerney as the local franchise owner of one of its first Chick-fil-A restaurants in Michigan – Chick-fil-A at Lansing.

With the restaurant under construction at 5617 W. Saginaw Hwy. slated to open this fall, McNerney will oversee day-to-day activities of the business, employ more than 100 full- and part-time team members, and cultivate relationships with Lansing schools, neighboring businesses, and restaurant guests.

McNerney graduated from the University of Michigan with a Bachelor of Arts in psychology and later earned a Master of Public Administration from Central Michigan University. Before becoming a Chick-fil-A Operator, she served in the U.S. Air Force, Air National Guard and U.S. Air Force Reserves in Dayton, Ohio. While there, McNerney spent time at the Chick-fil-A at Beavercreek restaurant learning from Operator Rex Brooking. She also spent time early in her career as an assistant manager and event coordinator for Centennial Hall, a banquet hall and catering business in Mt. Pleasant, Mich. McNerney is eager to bring her culinary knowledge and hospitality experience to the new Chick-fil-A restaurant in Lansing.

Relocating back to Michigan with her husband, Joe, and their children, Hannah, David and Miriam, is a dream come true for McNerney. Having grown up just one hour from the Lansing location, she is extremely passionate about leading the charge to introduce Chick-fil-A to the great state of Michigan.

“I am thrilled to be returning home to Michigan to open my own Chick-fil-A restaurant,” McNerney says. “My family and I hope to become active members of the Lansing community and look forward to serving our guests soon.”

The restaurant will employ 100 full- and part-time team members in all areas of the business who will be hired locally and paid competitively. To help its team members pay for college, the restaurant will also offer the opportunity for college scholarships through the restaurant company’s national scholarship program, which has provided more than $34 million to its team members since its inception. As with all Chick-fil-A restaurants, team members are guaranteed Sundays off. Those interested in joining the Chick-fil-A at Lansing team can apply by visiting www.cfalansingcareers.com or by stopping by the restaurant between 9 a.m. and 5 p.m., Monday through Friday.

Nearly everything on Chick-fil-A’s menu is made from scratch daily, including salads made from whole vegetables and fruits that are hand-chopped throughout the day. The lemonade is fresh squeezed and is made from three simple ingredients: lemon, sugar and water. Like all Chick-fil-A restaurants, the chicken served at Chick-fil-A at Lansing will be 100 percent whole breast meat, without any fillers, hormones or additives. Each chicken breast is hand-breaded to order and pressure cooked in 100 percent refined peanut oil, which is naturally trans-fat- and cholesterol-free. By the end of 2019, every Chick-fil-A restaurant will serve chicken raised without antibiotics.

Guests are encouraged to visit the restaurant’s Facebook page for the latest information leading up to the grand opening.

Contact:
Corporate Media Hotline: (800) 404-7196
Email: cfapressroom@chick-fil-a.com
Twitter: @ChickfilANews

Source: Chick-fil-A

###

Posted on August 28, 2016 by Retail News Editor

PetSmart 2Q 2016 investor conference call on Friday, September 9, 2016

PHOENIX, AZ, 2016-Aug-28 — /EPR Retail News/ — PetSmart, Inc. (the “Company”) plans to make its second quarter 2016 results available on the Company’s secure website on Thursday, September 8, 2016. The Company will also hold an investor conference call to review its results for the second quarter 2016 on Friday, September 9, 2016. The results and call will be made available to lenders under the credit facilities, holders of the Company’s 7.125% Senior Notes due 2023 (the “notes”), bona fide prospective investors of the notes, bona fide securities analysts and bona fide market makers.

The lenders under the credit facilities will receive details on how to access the call from the administrative agents for the respective credit facilities.

Holders of the notes, prospective investors, securities analysts and market makers that have not previously registered with the Company, must contact the Company to pre-register and certify eligibility in order to access the financial results and dial-in information for the conference call. To receive information on how to pre‐register and certify eligibility, parties should send an email to investorrelations@petsmart.com. Requests for pre-registration must be received by Friday, September 2, 2016.

About PetSmart®
PetSmart, Inc. is the largest specialty pet retailer of services and solutions for the lifetime needs of pets. At PetSmart, we love pets, and we believe pets make us better people. Every day with every connection, PetSmart’s passionate associates help bring pet parents closer to their pets so they can live more fulfilled lives. This vision impacts everything we do for our customers, the way we support our associates and how we give back to our communities. We employ approximately 53,000 associates, operate 1,477 pet stores in the United States, Canada and Puerto Rico and 203 in-store PetSmart® PetsHotel® dog and cat boarding facilities. PetSmart provides a broad range of competitively priced pet food and pet products and offers dog training, pet grooming, pet boarding, PetSmart Doggie Day Camp day care services and pet adoption services in-store. Our portfolio of digital resources for pet parents – including PetSmart.com, PetFoodDirect.com, Pet360.com and petMD.com – offers the most comprehensive online pet supplies and pet care information in the U.S. Through our in-store pet adoption partnership with independent nonprofit organizations, PetSmart Charities® and PetSmart Charities™ of Canada, PetSmart helps to save the lives of more than 500,000 homeless pets each year.

Contact:

PetSmart Investor Relations
Kim Smith
623-587-2025

Source: PetSmart

Posted on August 28, 2016 by Retail News Editor

Harris Teeter, Titan Farms: 18,000 pounds of peaches will be donated to Second Harvest Food Bank of Metrolina on August 31, 2016

Mathews. NC, 2016-Aug-28 — /EPR Retail News/ —

What: Titan Farms recently hosted its fourth annual Peaches with a Purpose campaign throughout Harris Teeter stores in North Carolina. The peach grower founded the program to support local food banks. Titan Farms and Harris Teeter will donate to Second Harvest Food Bank of Metrolina a percentage of the peaches purchased throughout the program. The donation of 18,000 pounds of peaches will be delivered to Second Harvest Food Bank of Metrolina on August 31, 2016 and a press conference will be held the following day at 10 a.m.

Who: Harris Teeter, Titan Farms, Second Harvest Food Bank of Metrolina

When: Press Conference on Thursday, Sept. 1, 2016, First Day of Hunger Action Month, at 10 a.m.

Where: Second Harvest Food Bank of Metrolina
500 B Spratt Street Charlotte, N.C. 28206

Contacts:
Kay Carter
Second Harvest Food Bank of Metrolina
Phone: (704) 376-1785
Email: kcarter@secondharvest.org

Jen Velasquez
Titan Farms
Phone: (813) 380-8411

Source: Harris Teeter

Posted on August 28, 2016 by Retail News Editor

Titan Farms and Harris Teeter will donate peaches to Second Harvest Food Bank of Northwest NC

Matthews. NC, 2016-Aug-28 — /EPR Retail News/ —

What: Titan Farms’ recently hosted its fourth annual Peaches with a Purpose campaign throughout Harris Teeter stores in North Carolina. The peach grower founded the program to support local food banks. Titan Farms and Harris Teeter will donate to Second Harvest Food Bank of Northwest North Carolina a percentage of peaches purchased throughout the program. In preparation for Hunger Action Month, the donation of 18,000 pounds of peaches will be delivered to Second Harvest on Aug. 30, 2016 and a press conference will be held the following day at 10 a.m.

Who: Harris Teeter, Titan Farms, Second Harvest Food Bank of NW NC

When: Press Conference on Wednesday, Aug. 31, 2016, 10 a.m.

Where: Second Harvest Food Bank of Northwest North Carolina
3655 Reed Street Winston-Salem, N.C. 27107

Contacts:
Jenny Moore
Second Harvest Food Bank of NW NC
Phone: (336) 784-5770
Email: jmoore3@secondharvest.org

Jen Velasquez
Titan Farms
Phone: (813) 380-8411
Email: jen@goldensunmarketing.com

Source: Harris Teeter

Posted on August 28, 2016 by Retail News Editor

PRADA SPA 1H 2016: EBITDA margin at 21% of revenues v 24% in 1H 2015

Milan, 2016-Aug-28 — /EPR Retail News/ — Total net revenues of €1.6bn, (-13% at constant FX compared with 2015). The decline was focused in the retail channel while wholesale was stable thanks to an initial positive contribution from recent partnerships with international e-tailers; good progress from royalties driven by the success of the new fragrances.

EBITDA margin at 21% of revenues (24% in H1 2015) with strong operating cash flow generation at €267 million and a Net Financial Position at -€246 million, improved by €12 million compared with 2015.
EBIT margin showed strong improvement from the first quarter (6%) to the second quarter (19%) ending the period at 14% (16% in 2015); progress on cost containment translated into a reduction in operating expenses of 12% compared with 2015.
Net income amounted to €142 million, representing 9% of consolidated revenues (10% in 2015).
The Board of Directors of Prada S.p.A meeting on the above date, has examined and approved the consolidated financial results for the six month period to July 31st, 2016.Net revenues – Revenues in the period totalled €1,554 million, representing a decline of 13% at constant FX) compared to the same period in 2015 (-15% at current FX).Retail Channel – Sales through the Group’s retail network fell 16% year-on year at constant FX to €1,277 million:
The European market (-18% YoY at constant FX) was particularly impacted by the decline in tourist flows, while domestic consumers have proven more stable. Highlights were Russia, with double digit organic growth, and the UK market which benefited from a more favourable exchange rate as a consequence of Brexit.
The American market (-15% YoY at constant FX) was also impacted by the fall in tourist flows. Stores in Mexico and Brazil however performed extremely well.
In Asia Pacific (-18% YoY at constant FX), the negative economic backdrop continued to impact performance in both Hong Kong and Macau, but signs of improvement have been visible since July across Greater China.
After a period of consistent growth since 2010, sales in Japan fell (-9% YoY at constant FX) mainly due to lower tourist flows from China caused by a less favourable exchange rate.
The Middle East performed in-line with the previous year at constant FX, driven by a recovery in local consumption.
Wholesale Channel – With revenues of €253 million, the Wholesale channel was in line with 2015, showing the positive initial results from the new collaboration with leading e-tailers.Licensing – Progress in Licensing was driven both by growth in Eyewear and Fragrances with royalties growing overall by 8%, reaching €25 million.Financial results
The fall in margins in the period, attributable to the sales performance, was partially limited by the initial effects of our rigorous operational review, which started last year and is still in progress. Given the structural nature of the review, the long-term benefits will not only show in this half, but will also run throughout the second half and in future years.

EBITDA amounted to €330 million: 21% of revenues (24% in H1 2015)

EBIT amounted to €214 million: 14% of revenues (16% in H1 2015)

Net income amounted to €142 million, representing 9% of revenues (10% in 2015)

During the six months, the Group generated strong operating cash flow of €267 million thanks to more efficient management of net working capital, with targeted action to reduce inventories. As a result, the Group was able to fully self-finance capital expenditure of €108m, with no further negative impact on the net financial position which stood at -€246 million as at July 31st, 2016, improving by €12 million year-on-year, having also distributed dividends totalling €281 million to shareholders during the period.

Patrizio Bertelli, CEO:
“With the implementation of the first phase of rationalization of various management and operating processes and with the launch of a series of new initiatives that will allow the Group to respond quickly to the requirements of a rapidly evolving market, I see 2016 as a turning point.

I refer in particular to three principal lines of action:
Rolling out our e-commerce platform, giving priority to China, Hong Kong and Singapore with the objective of achieving global coverage within two years. At the same time there will be a constant enhancement of the on-line shopping experience. Our e-commerce offer will also leverage new partnerships with international leaders in the sector.
Redefining the components of our offer will prioritize the needs of individual markets and all strategic price points for our brands. At the same time digital communications in support of the collections will be considerably enhanced.
Finally, the retail network is currently subject to rigorous review including closure of non- strategic locations and selective openings in high potential markets. Part of this process will also include the launch of new concepts such as the recent restyling of the Prada stores at Plaza 66 in Shanghai and GUM in Moscow, redesigned to offer a new and exclusive shopping experience for increasingly demanding clients.
These elements are the foundations on which we can base a future of sustainable growth.”
PRADA Group
The PRADA Group (HKSE Code: 1913) is a world leader in the luxury goods sector where it operates with the Prada, Miu Miu, Church’s and Car Shoe brands in the production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. In 2014, Prada acquired 80% of Marchesi srl, owner of the historic Milanese patisserie founded in 1824. The Group also operates, under licensing agreements in the eyewear and fragrance sectors. Its products are sold in 70 countries worldwide through a network that includes 622 directly operated stores (DOS) (at July 31st, 2016) and a select network of luxury department stores, independent retailers and franchise stores.

For further information, please contact:

Prada Press Office
+39.02.541921
ufficio.stampa@prada.com

Finsbury

Edward Simpkins
+44 7947 740 551
Edward.Simpkins@Finsbury.com

Benita Barretto
+44 7957 203 615
Benita.Barretto@Finsbury.com

+44 203 7251 3801
Prada@Finsbury.com

Source: Prada Group

Posted on August 28, 2016 by Retail News Editor

GameStop 2Q2016: Collectibles Sales Grow 120%

GRAPEVINE, TX, 2016-Aug-28 — /EPR Retail News/ — GameStop Corp. (NYSE: GME), a global family of specialty retail brands that makes the most popular technologies affordable and simple, today (08/25/16) reported sales and earnings for the second quarter ended July 30, 2016.

The following table summarizes the second quarter results for fiscal 2016 and 2015 ($ in millions, except per share amounts):


	Quarter Ended
	July 30, 2016	Aug. 1, 2015	Change
Net Sales	$1,631.8	$1,761.9	-7.4%
Same store sales*	-10.6%	8.1%
GAAP Net Income	$27.9	$25.3	10.3%
GAAP Diluted EPS	$0.27	$0.24	12.5%
Non-GAAP Net Income	$27.9	$33.1	-15.7%
Non-GAAP Diluted EPS	$0.27	$0.31	-12.9%
Technology Brands Operating Earnings	$13.9	$0.4	3,375.0%
*excludes Technology Brands stores

Paul Raines, chief executive officer, stated, “As expected, the continued growth and increased profit contribution of our non-physical gaming businesses drove our second quarter results. Tech Brands sales grew more than 50%, omni-channel sales increased 16%, Collectibles sales more than doubled and year-to-date, more than half of GameStop’s operating earnings have come from non-physical gaming categories. These new businesses offset a tough quarter for video gaming and prove that our diversification strategy is succeeding.”

Second Quarter Results

Total global sales decreased 7.4% to $1.63 billion, while consolidated comparable store sales declined 10.6% (-12.5% in the U.S. and -5.9% internationally). Video game sales were impacted by a lack of new titles to offset strong Q2 2015 title launches, such as Batman: Arkhman Knight and Elder Scrolls Online, and a decline in hardware sales caused primarily by new information being released about upcoming new consoles. Pre-owned sales significantly outperformed the new side of the video game business, declining only 3.2% compared to the second quarter of 2015.

In July, GameStop, via its GameTrust division and partnership with Insomniac Games, launched its first Indie game, Song of the Deep. GameTrust has several new titles in development, including De-formers, set to launch this holiday.

Non-GAAP digital receipts rose 3.3%, to $205.6 million, driven by sales of DLC and console digital currency. GAAP digital sales decreased 12.7%.

Sales in the Mobile and Consumer Electronics category increased 43.0% to $203.3 million, as Technology Brands revenues increased 54.6% to $175.9 million. Technology Brands operating earnings were $13.9 million compared to $400,000 in the prior year quarter. Overall, this segment contributed 23.8% of the company’s second quarter operating earnings. Technology Brands is on track to deliver between $85 million and $100 million of operating earnings in fiscal 2016.

Collectibles sales rose 119.5% to $90.0 million, driven by sales of ThinkGeek.com, various Pokémon products, assorted Five Nights at Freddy’s skus and character pop vinyls from recently released movies like Suicide Squad. The company added ten Collectibles stores during the quarter, bringing the total global portfolio to 47 stores.

GameStop’s net earnings for the second quarter were $27.9 million, or $0.27 per diluted share, compared to diluted earnings per share of $0.24 in the prior year quarter. Non-GAAP earnings for the quarter were $27.9 million, or $0.27 per diluted share, compared to Non-GAAP earnings of $33.1 million, or $0.31 per diluted share, in the prior year quarter. Last year’s reconciliation of GAAP net income to non-GAAP net income is included with this release (Schedule III).

Capital Allocation Update

On August 22, 2016, GameStop’s board of directors declared a quarterly cash dividend of $0.37 per common share payable on September 22, 2016 to shareholders of record as of the close of business on September 9, 2016. As previously announced, GME acquired 507 new AT&T Mobility stores through the acquisition of three national AT&T authorized retailers for approximately $441 million.

Earnings Guidance

For the third quarter of fiscal 2016, GameStop expects comparable store sales to range from -2.0% to 1.0%. Diluted earnings per share are expected to range from $0.53 to $0.58. For fiscal 2016, the company is reiterating its full year diluted earnings per share guidance of $3.90 to $4.05 and comparable store sales are now expected to range of -4.5% to -1.5%.

Note: The guidance is based on weighted average shares outstanding of 104,500,000.

Conference Call Information

A conference call with GameStop Corp.’s management is scheduled for August 25, 2016 at 4:00 p.m. CT to discuss the company’s financial results. The phone number for the call is 888-500-6948 and the pass code is 5743731. This call, along with supplemental information, can also be accessed at GameStop Corp.’s investor relations home page at http://investor.GameStop.com/. The conference call will be archived for two months on GameStop’s corporate website.

About GameStop

GameStop Corp. (NYSE: GME), a Fortune 500 company headquartered in Grapevine, Texas, is a global, multichannel video game, consumer electronics and wireless services retailer. GameStop operates more than 7,500 stores across 14 countries. The company’s consumer product network also includes www.gamestop.com; www.Kongregate.com, a leading browser-based game site; Game Informer® magazine, the world’s leading print and digital video game publication; and ThinkGeek, www.thinkgeek.com, the premier retailer for the global geek community featuring exclusive and unique video game and pop culture products. In addition, our Technology Brands segment includes Simply Mac and Spring Mobile stores. Simply Mac, www.simplymac.com, operates 72 stores, selling the full line of Apple products, including laptops, tablets, and smartphones and offering Apple certified warranty and repair services. Spring Mobile, www.springmobile.com, sells all of AT&T’s products and services, including DIRECTV through its 1,424 AT&T branded stores and offers pre-paid wireless services, devices and related accessories through its 70 Cricket branded stores in select markets in the U.S.

General information about GameStop Corp. can be obtained at the company’s corporate website. Follow @GameStop on Twitter and find GameStop on Facebook at www.facebook.com/GameStop.

Non-GAAP Measures

As a supplement to our financial results presented in accordance with U.S. generally accepted accounting principles (GAAP), GameStop may use certain non-GAAP measures, such as digital receipts and constant currency, to provide a clearer perspective of the current operating performance of the company.GameStop defines digital receipts as the full amount paid by the customer for digital content at the time of sale and/or the value attributed to digital content when physical and digital products are sold combined. Results reported as constant currency exclude the impact of fluctuations in foreign currency exchange rates by converting our local currency financial results using the prior period exchange rates and comparing these adjusted amounts to our current period reported results. Our definition and calculation of constant currency information may differ from that of other companies. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the company’s reported GAAP financial results.

Safe Harbor

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, the outlook for the third quarter and fiscal 2016, future financial and operating results and projections, projected store openings, timing and terms of potential acquisitions, the company’s plans, objectives, expectations and intentions, and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of GameStop’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. GameStop undertakes no obligation to publicly update or revise any forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: the inability to obtain sufficient quantities of product to meet consumer demand, including console hardware and accessories; the timing of release and consumer demand for new and pre-owned video game titles; our ability to continue to expand, and successfully open and operate new stores for, our collectibles and tech brands businesses; risks associated with achievement of anticipated financial and operating results from acquisitions; our ability to sustain and grow our console digital video game sales; the risks associated with international operations, wireless industry partnerships and operations and the completion and integration of acquisitions; increased competition and changing technology in the video game industry, including browser and mobile games and digital distribution of console games, and the impact of that competition and those changes on physical video game sales; and economic, regulatory and other events, including litigation, that could reduce or impact consumer demand or affect the company’s business. Additional factors that could cause GameStop’s results to differ materially from those described in the forward-looking statements can be found in GameStop’s Annual Report on Form 10-K, as amended, for the fiscal year ended Jan. 30, 2016 filed with the SEC and available at the SEC’s Internet site at http://www.sec.gov or http://investor.GameStop.com.

Contact:
Matt Hodges
Vice President
Corporate Communications & Investor Relations
GameStop Corp.
(817) 424-2130

Source: GameStop Corporation

Posted on August 28, 2016 by Retail News Editor

Steve Pell appointed new asset manager to boost London & Cambridge Properties’ retail team

: Steve Pell appointed new asset manager to boost London & Cambridge Properties’ retail team a

London, 2016-Aug-28 — /EPR Retail News/ — London & Cambridge Properties (LCP), the leading West Midlands-based investment and property management company, has appointed a new asset manager to boost its retail team.

Steve Pell returns to the Midlands after a year working in London as associate director at Colliers International’s West London office. He has 17 years’ experience in the commercial property sector, having worked for a number of agencies, including Harris Lamb.

Steve will be working predominantly with LCP’s retail asset management team, covering the Midlands and the North West of England.

“I’m looking forward to working for a well-respected, ambitious company that has exciting expansion plans. I hope my agency experience will add value to an already highly skilled team of asset managers,” he said.

The 43-year-old is married with two children and recently obtained a black belt in Tae-Kwon-Do.

Welcoming Steve to LCP’s head office, on the Pensnett Estate, Kingswinford, Jo Salmon, retail portfolio manager, said: “As we continue our ambitious investment and acquisition programme across our industrial and retail portfolios, we were looking for someone with solid knowledge who could hit the ground running.

Steve has an impressive record and we are confident that his experience will be a real benefit to the team.”

Media Enquiries:

If you have any media enquiries please email kyates@lcpproperties.co.uk

Source: London and Cambridge Properties

###

Posted on August 28, 2016 by Retail News Editor

New Belgian Waffle Breakfast Sandwich at Dunkin’ Donuts restaurants nationwide

: New Belgian Waffle Breakfast Sandwich at Dunkin’ Donuts restaurants nationwide

CANTON, MA, 2016-Aug-28 — /EPR Retail News/ — Today, August 24, is National Waffle Day, and what better day for Dunkin’ Donuts to unveil its newest breakfast sandwich selection, the Belgian Waffle Breakfast Sandwich. Arriving at Dunkin’ Donuts restaurants nationwide on Monday, August 29, the new Belgian Waffle Breakfast Sandwich features Cherrywood smoked bacon, egg and American cheese served between two thick, deep-ridged Belgian Waffles, golden brown on the outside and fluffy and light inside for a scrumptious and satisfying sandwich served any time of day.

As part of its National Waffle Day celebration, Dunkin’ Donuts has also launched a new mobile game, celebrating its winning waffles with chances to win breakfast sandwiches well into next year. Dunkin’ Donuts’ “Savor the Flavor” Instant Scratch & Win Game features a virtual waffle-themed scratch card, giving fans a daily opportunity at winning Dunkin’ Donuts mGifts. Two lucky grand prize winners will receive one year of free Dunkin’ Donuts breakfast sandwiches. The Savor the Flavor game begins today, August 24, and continues through September 30. No purchase necessary, 18+ to participate. To play the game, and for official rules and additional information, visit: http://www.ddsavortheflavor.com/.

According to Jeff Miller, Dunkin’ Brands’ Executive Chef and Vice President of Product Innovation, “Belgian waffles are a beloved breakfast choice, and one that is typically saved for a sit-down meal. With our new Belgian Waffle Breakfast Sandwich, we are able to make the taste of this traditional favorite available on-the-go, any time of day for our guests who look to Dunkin’ Donuts for a variety of new and innovative breakfast options.”

With several breakfast sandwich choices featuring favorites such as Cherrywood smoked bacon, sausage, Wisconsin aged white cheddar cheese, freshly-baked croissants, bagels or toasted English muffins, Dunkin’ Donuts provides delicious and satisfying options available all day long, so guests can start the morning and keep running with Dunkin’ whether it’s 8 AM or 8 PM. Dunkin’ Donuts also offers a full lineup of bakery sandwiches, such as Chicken Bacon, Turkey, Cheddar & Bacon and Ham & Cheddar sandwiches available any time of day as well.

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

About Dunkin’ Donuts
Founded in 1950, Dunkin’ Donuts is America’s favorite all-day, everyday stop for coffee and baked goods. Dunkin’ Donuts is a market leader in the hot regular/decaf/flavored coffee, iced coffee, donut, bagel and muffin categories. Dunkin’ Donuts has earned a No. 1 ranking for customer loyalty in the coffee category by Brand Keys for 10 years running. The company has more than 11,900 restaurants in 44 countries worldwide. Based in Canton, Mass., Dunkin’ Donuts is part of the Dunkin’ Brands Group, Inc. (Nasdaq: DNKN) family of companies. For more information, visit www.DunkinDonuts.com.

MEDIA CONTACT:
Dunkin’ Brands Media Relations
Phone: 781-737-5200
Email: press@dunkinbrands.com

Source: Dunkin’ Donuts

###

Posted on August 28, 2016 by Retail News Editor

USDA’s FSIS: WFSP Foods LLC of Decatur, Ala recalls 18,672 pounds of pork and chicken sausage product

WASHINGTON, 2016-Aug-28 — /EPR Retail News/ — WFSP Foods LLC, a Decatur, Ala. establishment, is recalling approximately 18,672 pounds of pork and chicken sausage products due to misbranding and undeclared allergens, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today (Aug 26, 2016). The products contain milk, a known allergen which is not declared on the product label.

The ready-to-eat sausage items were produced on June 7, 2016. The following product is subject to recall: [View Labels (PDF Only)]

13.5-oz. packages containing “Land O’ Frost Simply Savory Bacon & Cheddar Smoked Sausage” with a “BEST BY: DEC. 04 2016” and packaging date of 06/07/16.

The product subject to recall bears establishment number “EST. 45411” printed on the packaging. This item was shipped to retail locations nationwide.

The problem was discovered in a retail store by a company representative and immediately reported to FSIS. The product has the correct label on the front of the package, which identifies that the product contains cheese. However, the label in the back fails to include cheddar cheese as an ingredient – the source of milk. As a result, milk is not included in the ingredients statement or in the “Contains” allergen declaration.

There have been no confirmed reports of adverse reactions due to consumption of these products. Anyone concerned about an injury or illness should contact a healthcare provider.

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. When available, the retail distribution list will be posted on the FSIS website at www.fsis.usda.gov/recalls.

Consumers with questions about the recall can contact the Land O’ Frost Consumer Hotline, at 1(800) 762-9865. Media with questions about the recall can contact Jack Yeo with Fleishman Hillard, at (312) 560-1465.

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.

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
Maria Machuca
(202) 720-9113
Press@fsis.usda.gov

Source:USDA

Posted on August 28, 2016 by Retail News Editor

USDA’s FSIS: Sentry Foods of Tucker, Ga recalls 21,570 pounds of frozen chicken

WASHINGTON, 2016-Aug-28 — /EPR Retail News/ — Sentry Foods, a Tucker, Ga. establishment, is recalling approximately 21,570 pounds of frozen chicken entrées that may be contaminated with extraneous materials, specifically glass or hard plastic, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today (Aug 25, 2016).

The frozen chicken entrée items were produced and packaged on March 17, March 18, April 30, and May 13, 2016. The following products are subject to recall: [View Labels (PDF Only)]

10-oz. tray pack in box of Saffron Road “LEMONGRASS BASIL CHICKEN WITH BASMATI RICE” with a “Best By” date of “08-19-2017” and lot number 0219-00207-016.
10-oz. tray pack in box of Saffron Road “LEMONGRASS BASIL CHICKEN WITH BASMATI RICE” with a “Best By” date of “10-29-2017” and lot number 0429-00258-016.
10-oz. tray pack in box of Saffron Road “LEMONGRASS BASIL CHICKEN WITH BASMATI RICE” with a “Best By” date of “10-29-2017” and lot number 0429-00207-016.

The products subject to recall bear establishment number “EST. P-19031” inside the USDA mark of inspection or printed on the side of the container. These items were shipped to retail locations in Indiana, Texas, and Pennsylvania.

The problem was discovered through consumer complaints reported to the company who then contacted FSIS. No injuries were reported with the complaints.

FSIS has received no confirmed reports of injury or illness from consumption of these products. Anyone concerned about an injury or illness should contact a healthcare provider.

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. When available, the retail distribution list(s) will be posted on the FSIS website at www.fsis.usda.gov/recalls.

Consumers with questions about the recall can contact John William Morris, Assistant Vice President, at (470) 268-8440. Media with questions about the recall can contact John Conard, Director of Quality, at (470) 286-8440.

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

Source: USDA