Daily Archives: November 9, 2016

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SM Investments Corporation reports consolidated net income growth of 11% for the first nine months of the year

Pasay City, Philippines, 2016-Nov-09 — /EPR Retail News/ — SM Investments Corporation (SM) reported an 11% growth in its consolidated net income to PHP22.0 billion for the first nine months of the year. Recurring net income, net of one-time items, grew 9%.  Consolidated revenues grew 9% to PHP252.4 billion for the period from PHP230.8 billion.

“Our core businesses are delivering solid growth in line with the investments we have made and against a background of stable economic fundamentals.  We are also encouraged by the performance of the recently merged specialty retail stores which delivered double digit topline growth.  The intention of the government program to invest heavily in nationwide infrastructure projects should help economic development and drive provincial growth outside Metro Manila which is where we are also directing our investments,” SM President Harley T. Sy said.

Earnings growth was driven by property 13%, banks 11% and retail 7%. For the first nine months, banks and property each accounted for 39% of consolidated earnings and retail 22%.

Retail
Retail operations under SM Retail Inc. reported sustained growth in total sales of 9% to PHP186.0 billion while net income grew 7% to PHP7.0 billion. Revenues from recently acquired specialty retailers grew 13%.

THE SM STORE opened two stores in SM San Jose Del Monte in Bulacan and in SM Trece Martires in Cavite. As of the nine-month period, the total gross selling areas of all 55 department stores stood at 0.7 million square meters.

The Food Retail Group pursued its aggressive expansion in both urban and rural communities nationwide, adding 15 mid-sized format Savemore stores, two SM Supermarkets, one SM Hypermarket and three WalterMart stores for a total of 277 stores. Meanwhile, Alfamart increased its number of stores to 187 stores as of end-September from 99 at the start of the year.

Early in the year, SM announced the merger of SM Retail with several leading specialty retail stores with over 1,400 outlets. The merger received final approval from the Securities and Exchange Commission on 7 July 2016. During the nine-month period, the specialty stores added 95 stores nationwide.

Banking
For the period, BDO Unibank posted a net income of PHP19.3 billion, up 10% as its lending, deposit-taking and fee-based businesses all delivered solid results. Net interest income grew by 16% to PHP48.4 billion, supported by 15% growth in customer loans to PHP1.4 trillion and 14% growth in deposits to PHP1.8 trillion. Fee-based income was up 15% to PHP16.0 billion.

China Banking Corporation reported net income growth of 31% to PHP4.8 bilion for the first nine months due to strong growth in its core and fee-based businesses. Net interest income was up 9% to PHP12.3 billion while net loans expanded 19% to PHP343.1 billion and fee-based revenues improved 42% to PHP4.2 billion.

Property
SM Prime Holdings, Inc. (SM Prime) reported recurring net income growth of 13% in the first nine months to PHP17.5 billion driven by growth in leasing and property sales. Consolidated revenues rose 11% to PHP57.8 billion.

Rental revenues grew 12% to PHP31.7 billion with mall and commercial leasing accounting for 96% of the total rental revenues.  Total mall revenues rose 9% to PHP35.2 billion with same-store growth averaging 7%. Total revenues from the commercial group registered a 44% growth to PHP1.9 billion.

SM Prime’s residential group, under SM Development Corp., recorded higher revenues by 10% to PHP18.7 billion and accounted for 32% of total revenues. Residential net income rose 15% to PHP4.3 billion.  Growth was largely driven by sales on ready for occupancy (RFO) units. SMDC’s reservation sales climbed 25% to PHP36.4 billion in sales value.

Revenues of the hotels and convention centers business grew by 23% in the first nine months of 2016 to PHP2.1 billion.

rong>Balance Sheet
As of end-September 2016, total assets of SM grew 9% to PHP813.5 billion. SM maintains a healthy balance sheet with a conservative gearing ratio of 39% net debt to 61% equity.

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 is one of the more responsible companies in the country due 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; a strong portfolio of leading specialty retailers including Ace Hardware, SM Appliances, Homeworld, Our Home, Toy Kingdom, Watsons and others; and its food retail chains, namely SM Supermarket, SM Hypermarket, Savemore and WalterMart stores. SM’s property arm, SM Prime Holdings, Inc., is one of 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 leading bank and in China Banking Corporation (China Bank), the sixth largest private bank. Combined, these two banks have a network of over 1,400 branches nationwide.

For more about SM, visit www.sminvestments.com

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

Source: SM Investments Corporation

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Nearly 400 women gathered for 2016 CBRE Women’s Networking Forum

Los Angeles, 2016-Nov-09 — /EPR Retail News/ — CBRE Group Inc. hosted its 2016 CBRE Women’s Networking Forum, the largest company gathering of women, November 2-4 in Chicago, Illinois. The conference theme this year was “Claim Your Seat,” recognizing the many important roles that women have inside and outside the office.

“The Women’s Networking Forum has been an important professional development opportunity for our members, for 16 years,” said Lisa Konieczka, Women’s Network chairperson and executive vice president in the company’s Chicago office. “The conference provides an atmosphere where CBRE women can meet to share best practices, explore new ideas and build their business skills while building a rewarding career at CBRE.”

Nearly 400 women from across the company attended the conference and heard keynote speakers CBRE CEO, Bob Sulentic; Paula Reynolds, Chief Executive Officer of Safeco Corporation and member of CBRE’s board of directors; Juliet Funt, owner and founder of WhiteSpace at Work; Beth Colbert, acting director, U.S. Office of Personnel Management; and popular CNN commentator Mel Robbins. The conference also included professional development workshops, networking events and a major community service project at the Sylvia Family Shelter located on the North Side of Chicago.

Bob Sulentic, president and chief executive officer of CBRE, said, “Investing in our people through programs like the Women’s Networking Forum is important to our company’s success. In-depth learning and professional development programs provide support as they continue to advance their careers and help them become increasingly valuable advisors to our clients.”

The CBRE Women’s Network was formed in 2000 and has more than 3,000 members from all levels of the organization, the company’s three regions and every business line. The group’s mission is to “Promote the Success of Women,” which is guided by three key principles: Growth, Connection and Mentorship.

To find out more about the CBRE Women’s Network, visit www.cbre.com/women.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue).  The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide.  CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.<

MEDIA CONTACT:
Robert McGrath
Senior Director, Global Media Relations
+1 212 9848267

Source:  CBRE Group, Inc.

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Auchan Retail named the cheapest retailer in Spain by OCU for 8 consecutive years

Croix Cedex, France, 2016-Nov-09 — /EPR Retail News/ — For the 8th year in a row, Auchan Retail has been recognized as the cheapest retailer in the country by the OCU, the national consumer organization.

The OCU visited nearly 1,200 stores across the country and analyzed the prices of more than 230 food and drugstore products, including private label and own-brand products. This study rewards all Alcampo teams that have been working hard, for many years, to improve the purchasing power and the quality of life of their customers by offering the best products at the lowest price.

The cheapest hypermarket in Spain is the Alcampo store in Vigo (Galicia). In Madrid, the 4 cheapest hypermarkets of the town are all Alcampo’s, allowing its customers to save an average of nearly €4,000 on the year…

All this information comes from the study published by the OCU in October 2016.

Source: Auchan Holdings

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KappAhl releases its combined financial annual and sustainability report

Mölndal, Sweden, 2016-Nov-09 — /EPR Retail News/ — Today (2016-11-08) KappAhl publishes its Annual Report for the fiscal year 2015/2016. Again this year, the fashion chain has chosen to combine the financial annual report and the sustainability report.

In brief the past year summes up as follows:

  •  A major change effort has taken shape and KappAhl’s earnings have gone up.
  • The driving forces were developing KappAhl’s customer offer, strengthening the gross margin and continued cost control
  •  Success factors included a gradual clarification of the assortment as well as altered and active work on price and campaign strategies.
  •  The continued prioritized sustainability work included reinforcements by new routines and roles in the sustainability organization and by investing in education for the design and purchasing departments. The aim is to strengthen the sustainability efforts further in the design phase.

In the Annual Report CEO Danny Feltmann comments the past year with “It has been a year when we through major joint operations have reversed a negative trend. Together, we have increased sales and strengthened our operating margin. It is a good starting point as we tackle fiscal year 2016/2017.”

The Annual Report published today is the Swedish version. The English version will be published on 24 November. The Annual Report is produced in two parts. Part 1 describes the business including the sustainablity work and is available to download as well as to order printed copies of at www.kappahl.com/ir. Part 2 is available to download on www.kappahl.com/ir and includes the official Annual Report, the GRI Index, the materiality analysis and corporate governance report, etc.

KappAhl, founded in 1953 in Gothenburg, is one of the leading Nordic fashion chains with nearly 380 stores in Sweden, Norway, Finland and Poland as well as Shop Online. Our mission is to offer value-for-money fashion of our own design with wide appeal. About 38 per cent of the range has sustainable fashion labelling. In 2015/2016 sales were SEK 4.7 billion and the number of employees was about 4,000 in nine countries. KappAhl has been listed on Nasdaq Stockholm since 2006. More information is available at www.kappahl.com

For further information, please contact:
Charlotte Högberg
Head Corporate Communications
tel: 46 (0)70 471 56 31
email: charlotte.hogberg@kappahl.com

Source: KappAhl

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Love My Tru Body recalls all Skinny Bee Diet due to presence of sibutramine, desmethylsibutramine, and/phenolphthalein

Love My Tru Body recalls all Skinny Bee Diet due to presence of sibutramine, desmethylsibutramine, and/phenolphthalein
Love My Tru Body recalls all Skinny Bee Diet due to presence of sibutramine, desmethylsibutramine, and/phenolphthalein

 

McDonough, Georgia, 2016-Nov-09 — /EPR Retail News/ — Love My Tru Body McDonough, GA is voluntarily recalling all of Skinny Bee Diet 500 mg MFD: 03.07.2106 EXP: 03.06.2018 distributed March 23 – April 28, 2016 to the consumer level after FDA laboratory testing found Skinny Bee Diet to contain sibutramine, desmethylsibutramine, and/phenolphthalein.

Sibutramine is an appetite suppressant that was withdrawn from the U.S. market in October 2010. Desmethylsibutramine is an active metabolite of sibutramine. Sibutramine and its active metabolites substantially increase blood pressure and/or pulse rate in some patients and may present a significant risk for patients with a history of coronary artery disease, congestive heart failure, arrhythmias or stroke. Phenolpthalein was previously used in over-the-counter laxatives, but because of concerns of carcinogenicity, it is no longer marketed in the U.S. These undeclared ingredients make this product an unapproved new drug for which safety and efficacy have not been established. To date Love My Tru Body has not received any reports of adverse events related to this recall.

The product is used as a weight loss dietary supplement and is packaged in white silver bottle with red capsules. The affected Skinny Bee Diet product includes bottles MFD: 03.07.2016 EXP: 03.06.2018 Love My Tru Body distributed Skinny Bee Diet capsules nationwide March 23 – April 28, 2016 to consumers via the internet www.lovemytrubody.com

Love My Tru Body notified its customers by US Mail. Consumers who are currently in possession of recalled Skinny Bee Diet capsules should stop using the product and discard.

Consumers with questions regarding this recall can contact Love My Tru Body by email at lovemytrubody@yahoo.com phone at (800) 540-7315, Monday – Friday 8:00 am to 4:00 pm EST. Consumers should contact their physician or healthcare provider if they have experienced any problems that may be related to taking or using this product.

Adverse reactions or quality problems experienced with the use of this product may be reported to the FDA’s MedWatch Adverse Event Reporting program either online, by regular mail or by fax.

This voluntary recall is being conducted with the knowledge of the U.S. Food and Drug Administration.

Consumers Contact:

Sharon Demps
lovemytrubody@yahoo.com
(800) 540-7515

Source: FDA

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NRF and Hackett Associates Global Port Tracker report: retail imports expected to be up 4.4 percent this month

WASHINGTON, 2016-Nov-09 — /EPR Retail News/ — With the holiday shopping season officially under way, imports at the nation’s major retail container ports are expected to be up 4.4 percent this month over the same time last year and should see a slightly larger increase next month, according to the monthly Global Port Tracker report released today (November 8, 2016) by the National Retail Federation and Hackett Associates.

“Retailers are importing more during the holidays this year than last year and that can only mean one thing – they expect to sell more,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Most of the holiday merchandise is already here, but retailers are still restocking to be sure shoppers will have a broad and deep selection as they hit the stores over the next several weeks.”

Ports covered by Global Port Tracker handled 1.6 million Twenty-Foot Equivalent Units in September, the latest month for which after-the-fact numbers are available. That was down 6.6 percent from August, the busiest month of the year, and down 1.6 percent from September 2015. One TEU is one 20-foot-long cargo container or its equivalent.

Volume rebounded in October to an estimated 1.67 million TEU, up 7.5 percent from last year. November is forecast at 1.54 million TEU, up 4.4 percent from last year, and December at 1.5 million TEU, up 4.5 percent.

The numbers come as NRF is forecasting $655.8 billion in holiday sales, a 3.6 percent increase over last year. Cargo volume does not correlate directly to sales because only the number of containers is counted, not the value of the cargo inside. But it nonetheless serves as a barometer of retailers’ expectations.

Cargo volume for 2016 is expected to total 18.6 million TEU, up 2.2 percent from last year. Total volume for 2015 was 18.2 million TEU, up 5.4 percent from 2014. The first half of 2016 totaled 9 million TEU, up 1.6 percent from the same period in 2015.

January 2017 is forecast at 1.54 million TEU, up 3.6 percent from January 2016; February at 1.49 million TEU, down 3.2 percent from last year, and March at 1.38 million TEU, up 4.6 percent from last year.

Hackett Associates Founder Ben Hackett said U.S. imports are growing, but not as fast as in past years.

“Despite all the good economic news recently, we are faced with imports growing only about 2 percent this year,” Hackett said. “Whether that is merely part of the aftermath of the Hanjin bankruptcy or a sign of weakening demand is not yet clear. Unless there is a major disruption, however, growth should be modest but sustained during the first half of 2017.”

Global Port Tracker, which is produced for NRF by the consulting firm Hackett Associates, covers the U.S. ports of Los Angeles/Long Beach, Oakland, Seattle and Tacoma on the West Coast; New York/New Jersey, Hampton Roads, Charleston, Savannah, Port Everglades and Miami on the East Coast, and Houston on the Gulf Coast. The report is free to NRF retail members, and subscription information is available at www.nrf.com/PortTracker or by calling (202) 783-7971. Subscription information for non-members can be found at www.globalporttracker.com.

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.com

Hackett Associates provides expert consulting, research and advisory services to the international maritime industry, government agencies and international institutions. www.hackettassociates.com

Contact:

J. Craig Shearman
(202) 626-8134
press@nrf.com
(855) NRF-Press

Source: NRF

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Red Market to retire its brand; stores to be transformed into independent AD and Proxy Delhaize stores

Gembloux, Belgium, 2016-Nov-09 — /EPR Retail News/ — Red Market’s management today (Nov. 8, 2016) announced its intention to retire the Red Market brand by the beginning of December 2016. These stores will be transformed into independent AD and Proxy Delhaize stores. Red Market currently employs 254 associates who will transfer to the independent AD and Proxy Delhaize owners. All of the associates will have the opportunity to keep their jobs at their current salaries.

Red Market started in 2009, with the opening of its first store in Gembloux. Today, there are 13 stores: three in Flanders and 10 in Wallonia. The aim of the Red Market formula was to test new retail concepts, such as full self-scanning, a single line at the checkout, an efficient and consistent store layout, the use of shelf-ready packaging, new promotional and marketing strategies and longer opening hours. The formula has proven its worth, as many of these concepts have been successfully implemented in the Delhaize stores.

Rather than continuing to invest  in a commercial rollout of Red Market in the Belgian market, it has been decided to dedicate resources into further developing the strong Delhaize brand. As the 13 store locations have great commercial potential, the intention is to keep operating these stores as independent AD and Proxy Delhaize stores. The store associates will have a different employer but their jobs, salaries and working conditions will remain the same.

Press information:

Roel Dekelver
spokesman Red Market
Tel. : +32 (0)474 56 26 88

Source: Ahold Delhaize

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Sainsbury’s announces second phase of its Waste less, Save more strategy; commits to £1 million funding

Sainsbury’s announces second phase of its Waste less, Save more strategy; commits to £1 million funding
Sainsbury’s announces second phase of its Waste less, Save more strategy; commits to £1 million funding

 

London, 2016-Nov-09 — /EPR Retail News/ — Sainsbury’s has unveiled its latest move in the fight against food waste, by announcing a £1 million fund available to towns and cities across the UK. The commitment is the second phase of its Waste less, Save more strategy, designed to help households save money by reducing the amount of food destined for the bin.

  • Funding will be available across the UK as part of retailer’s Waste less, Save more programme
  • Over 110 towns and cities already signed up to take part, with others still able to apply
  • Second phase of retailer’s plan to help UK households radically reduce food waste at home

Announced at an event in Birmingham today (08 November 2016), the £1 million investment will be available to towns and cities which have signed up as Waste less, Save more ‘Discovery Communities’. From Dundee to Truro, the communities have been tasked with implementing programmes that have proved successful during a year’s worth a research in Swadlincote, Derbyshire, where the retailer launched their first phase of the food waste scheme in January 2016.

In addition to the funding, Sainsbury’s will provide Discovery Communities with detailed guidance to enable them to replicate the work in Swadlincote with a range of free or low-investment solutions.  These include running community events and schools programmes, through to larger initiatives such as the introduction of new technology in households.

Communities will be able to pick and choose their options based on their requirements, and will be able to apply for top-up funding to put these in place. Those with additional ideas can also pitch concepts to the Waste less, Save more ‘Dragon’s Den’ style panel which will approve additional funding for outstanding concepts.

Hosted at Birmingham’s Custard Factory, today’s event was attended by leaders from participating communities. In total 111 Discovery Communities have now been confirmed, and others that wish to be involved can register interest from today.

Speaking at the event in Birmingham, Paul Crewe, Head of Sustainability, Property, Engineering and Environment for Sainsbury’s, said: “Today marks a significant milestone in our Waste less, Save more programme as we broaden out our focus from a single trial town to sharing our learnings with communities up and down the UK.

“With well over 100 communities already signed up, the response so far has been overwhelming and really highlights that the nation is waking up to food waste. Not only will a reduction have a huge environmental impact but, with families throwing away £700 a year on uneaten food, it will help put more money back in the pocket of British people too.”

David Rogers, WRAP added: “Today’s event has highlighted a huge appetite to reduce food waste across the country from local councils, community groups and businesses. WRAP’s research has shown the scale of food waste in the UK, and we know that action is needed – for people, our pockets and the planet. I’m delighted to see initiatives from Sainsbury’s shine a light on the issue of food waste, and we look forward to working together and supporting them every step of the way”.

Launched in late 2015, Waste less, Save more is a five year strategy from Sainsbury’s to help its customers waste less food and save more money. Each year, homes throw away 7 million tonnes of food, costing families an estimated £12.5bn. Following a nationwide search, the Derbyshire town of Swadlincote was selected as a test-bed for activity, with Sainsbury’s trialling a wide range of new initiatives across a one year period.

Trials taking place in the town include the Olio app which encourages food sharing amongst neighbours, and the ‘Fab Foods’ programme which has been designed to engage local schools. Elsewhere households are testing innovative technology such as smart fridges with internal cameras. By allowing residents to view contents via their smart phone, these fridges eliminate the risk doubling up during food shops, a practice which costs the UK £1.5 billion each year.

Those wishing to find out more on Waste less, Save more, or to get involved, can visit: sainsburys.co.uk/waste or email wasteless@sainsburys.co.uk.

Press Enquiries:
press_office@sainsburys.co.uk
020 7695 7295.

Source: Sainsbury

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LVMH recognized best practices at its Houses during its first LVMH Store Environment Awards

LVMH recognized best practices at its Houses during its first LVMH Store Environment Awards
LVMH recognized best practices at its Houses during its first LVMH Store Environment Awards

 

Paris, 2016-Nov-09 — /EPR Retail News/ — The first edition of the LVMH Store Environment Awards took place on November 8. The awards recognize best practices at the retail locations of LVMH Houses. Organized at the initiative of Antonio Belloni, Group Managing Director, and Sylvie Bénard, Environment Director, the event also provided a chance to mark a first year of success for the LVMH internal carbon fund, an initiative launched by the Group in conjunction with the COP 21 Conference in November 2015. Spotlight on the main award winners.

Eco-design, renewable energies and tools to track energy consumption all play an essential role for the LVMH Group and its Houses. For over 20 years, the LVMH Environment Department has supported Group companies to help them minimize their environmental footprint and regularly increase their performance in these areas each year. This has led to a host of initiatives such as the LIFE (LVMH Initiatives For the Environment) program, which was launched in 2012 and is now a strategic pillar at every Maison. The LIFE program structures the Group’s approach to environmental responsibility and brings its companies together behind shared objectives. The LVMH carbon fund, which recently marked its first year, is a perfect illustration of “think global, act local” across the Group. The fund’s success has far exceeded expectations, with nearly 6.7 million euros in eligible projects selected, well above the 5 million euros initially projected. These results underline the commitment of all LVMH Maisons and mark a milestone as the Group moves towards its goal of reducing its greenhouse gas emissions by 25% by the year 2020.

“The LVMH Group is anchored by three powerful values, one of which is creativity and innovation. The design and production of our products must integrate innovation and creativity, as well as excellence in execution and environmental performance,” stated Antonio Belloni, Group Managing Director.

Established following an in-depth audit by an outside consulting firm, the method used for the LVMH Store Environment Awards draws on eight of the most widely recognized methods for assessing environmental performance around the world, including LEED (US), BREEAM (UK), HQE (EU) and Green Mark (Singapore). The awards recognize LVMH Houses for exemplary environmental initiatives and lay out paths to further progress in the years ahead. All share a common objective: make environmental performance an integral part of all projects at LVMH brands well upstream, right from the initial design brief. The LVMH Store Awards also help build awareness at every level of the Group of the importance of individual responsibility and contributions to collective efforts.

Eight prizes were given to six Maisons for their best practices during the awards ceremony:

  • The “Envelop” award went to the Loewe Goya store in Madrid for the renovation of a historic building including high-quality insulation solutions.
  • The “Building Services” award was given to the Bulgari New Bond Street store in London for a system enabling remote control of energy consumption.
  • The “Air and Acoustic” award was given to the Louis Vuitton store in Santa Monica, California, recognizing a system that measures and manages air quality in stores.
  • The Loewe Goya store in Madrid also won the “Interior Design” ward for environmentally-friendly transport of materials by train and road.
  • The award for “Lighting Design” was won by the Sephora store in Huntington Beach, California for a system using very low power consumption per square meter.
  • The “Maintenance” award went to Le Bon Marché for its creation of sixteen waste management tracks.
  • The “Construction” award was given to the Louis Vuitton store in Santa Monica, California, which has limited Volatile Organic Compounds (VOCs) in the air inside the store.
  • A special “Lighting” award was given to the DFS Hysan Place store in Hong Kong, which set a record for the lowest lighting energy consumption per square meter.

“The LVMH Store Environment Awards” are much more than simply recognition of achievements, since they help define a roadmap for continuous improvements for all LVMH Houses,” said Sylvie Benard, Group Environment Director. “The guidance established by these awards has for example led to the development of special training for architects as part of our newly-created Environment Academy, which is essential to help us achieve our objective of reducing our environmental footprint.”

The second edition of the LVMH Store Environment Awards will be held in 2017.

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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EROSKI garantiza el origen sostenible para toda su gama de conservas de atún

  • EROSKI llega a un acuerdo con todos sus proveedores de atún en conserva para abastecerse según los principios de la ISSF (Fundación Internacional para la Pesca Sostenible)
  • EROSKI ha puesto en marcha un programa de auditorías externas realizadas por AZTI y MRAG Américas para garantizar la sostenibilidad del atún en conserva comercializado en sus establecimientos

ELORRIO,España, 2016-Nov-09 — /EPR Retail News/ — EROSKI ha llegado a un acuerdo con todos sus proveedores de atún en conserva por el que se comprometen a abastecerse de acuerdo a los principios de sostenibilidad de la ISSF (Fundación Internacional para la Pesca Sostenible). La cooperativa avanza así en su plan para la conservación de los caladeros de pesca y ofrecer a sus clientes un consumo más sostenible.

La restricción de compra de especies sobreexplotadas como el “Patudo” (Thunnus Obesus), no comprar pescado procedente de zonas FAO donde el atún se encuentra sobrexplotado y alcanzar un 10% del volumen total pescado sobre banco libre (no pescadas sobre FADs) son algunos de los compromisos adquiridos por los proveedores de EROSKI con el fin de garantizar una explotación racional de los recursos marinos.

“En EROSKI apostamos por la incorporación de garantías medioambientales a nuestra oferta, conscientes de la importancia de la sostenibilidad de los recursos naturales. Como cooperativa, y como un eslabón más de la cadena, apostamos por un consumo responsable”, ha indicado el director de Responsabilidad Social de EROSKI, Alejandro Martínez Berriochoa. “Etiquetamos cada lata de atún con indicaciones sobre la especie de pescado, la zona de captura y el método de pesca empleado. Incluimos también el enlace directo a la web de la Fundación ISSF donde se explica más en detalle lo que implica el cumplimiento de los principios de sostenibilidad de la ISSF”.

Asimismo, con el fin de garantizar la sostenibilidad de todo el atún en conserva comercializado en sus establecimientos, la cooperativa ha puesto en marcha un programa de auditorías externas realizadas por AZTI y MRAG Américas. De esta forma EROSKI incorpora las conservas de atún al proceso de mejora continua en materia de sostenibilidad iniciado hace ya varios años.

“Hemos comprobado que el grado de cumplimiento de las resoluciones de conservación de la ISFF por los proveedores de EROSKI es muy elevado, tanto para el aprovisionamiento de barcos atuneros cerqueros de gran escala, como para las pesquerías artesanales de caña-cebo vivo y cacea”, ha señalado Jon López, investigador del grupo de túnidos de AZTI. “En el caso de  la pesca del atún blanco, comparadas con el arrastre pelágico, las artes de pesca de caña-cebo vivo y cacea son consideradas como más selectivas y sostenibles por los organismos científicos y las organizaciones medioambientalistas”, ha añadido.

Bonito del norte pescado exclusivamente con artes tradicionales

La cooperativa se convirtió también recientemente en el primer distribuidor en ofrecer toda su gama de bonito del norte en conserva pescado a caña, uno a uno. De esta forma, el bonito del norte en conserva de las marcas EROSKI, EROSKI Sannia y EROSKI Seleqtia, tanto en frasco como en lata, es procedente exclusivamente de la pesca con artes tradicionales a caña.

Defensa de las garantías medioambientales

EROSKI incorpora garantías medioambientales a su oferta y colabora con proveedores responsables con la sostenibilidad de los recursos naturales. En 2010 se unió a WWF en la Iniciativa de Pesca Sostenible con el objetivo de conseguir que sus fuentes de pescado y marisco fuesen sostenibles y respetuosas con el medio ambiente. Así, por ejemplo, EROSKI ha apostado por productos con la ecoetiqueta azul de MSC y fue la primera cadena de distribución española en introducir esta certificación en el mostrador de fresco.

Datos de contacto con el Departamento de Comunicación:
944 158 642
comunicacion@eroski.es

Source: Eroski

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Tesco Bank resumes normal service

Tesco Bank resumes normal service
Tesco Bank resumes normal service

 

CHESHUNT, England, 2016-Nov-09 — /EPR Retail News/ — Tesco Bank today (8 Nov 2016) confirmed normal service has resumed following the temporary suspension of online transactions from current accounts.

The Bank also confirmed that personal data was not compromised as a result of fraud that took place over the weekend of 5-6 November and that online transactions had been suspended to prevent criminal activity.

Tesco Bank CEO, Benny Higgins commented: “Our first priority throughout this incident has been protecting and looking after our customers and we’d again like to apologize for the worry and inconvenience this issue has caused.

“We’ve now refunded all customer accounts affected by fraud and lifted the suspension of online debit transactions so that customers can use their accounts as normal. We’d also like to reassure our customers that none of their personal data has been compromised.”

Tesco Bank has now confirmed around 9,000 customers were affected by these fraudulent transactions and all customers affected were fully reimbursed by the evening of Tuesday 8 November. The total cost of refunding these customers is estimated to be £2.5 million.

Tesco Bank confirmed it is continuing to work closely with the authorities and regulators in their criminal investigation of this incident.

Notes to editors

  1. Tesco Bank has 7.8 million customer accounts across the UK. 136,000 customers hold current accounts with the Bank, of these 9,000 were identified as being victims of fraud.
  1. Although services such as mobile banking, cash withdrawals, chip and pin payments, existing bill payments and direct debits have continued as normal throughout this incident, Tesco Bank suspended online debit transactions as a precautionary measure on Monday 7 November. This suspension has now been lifted and normal service was resumed for customers on Tuesday 8 November.

We are a team of 480,000 in 11 markets dedicated to serving shoppers a little better every day.

For more information please contact the Tesco Press Office on 01707 918 701  

Source: Tesco

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Bartell Drugs opens its newest location in Ballard on November 19

SEATTLE, 2016-Nov-09 — /EPR Retail News/ — Showcasing new features for convenience and quality products, family-owned Bartell Drugs unveiled its newest location in Ballard on November 3.

A grand opening celebration is scheduled for Saturday, November 19 from 7:00 a.m. to 11:00 a.m.

The more than 14,200-square-foot store is the 65th location in the 125-year-old chain’s regional network and is being considered a signature store in the chain’s expansion into additional urban neighborhoods.

Located at the intersection of 22nd Avenue Northwest and Northwest 56th— just across from the Ballard Public Library—Bartells has been part of the Ballard neighborhood since around 1911.

“Bartell Drugs is proud of its long history in Ballard,” says Bartell President and CEO Brian Unmacht. “We’re excited to build on this tradition with our new store and to continue offering the convenience, service and outstanding lines of quality products—including our focus on local items—that has made Bartells a trusted retailer throughout the Northwest.”

This is our second store in this burgeoning area, along with our store at 15th and Market streets. Bartells is focusing on increasing its urban locations to better serve our guests in some of the denser neighborhoods in Seattle and on the Eastside.

The store’s full-service pharmacy offers a spacious waiting area and a wide range of healthcare options focused on convenience. Other store features include an expanded cosmetics section showcasing seasonal and on-trend colors, shades and products; a thirst-quenching growler fill spot called “Northwest on Tap” offering locally-crafted microbrews; and our tasty Fresh Food Fast Marketplace food section with a selection of fresh, locally made sandwiches.

Grand opening festivities take place Saturday, November 19 from 7:00 to 11:00 a.m. There will be exclusive giveaways including exciting gift baskets, special offers at our growler fill bar, and other great deals throughout the store. Plus, the first 200 people through the door will receive a limited-edition Bartell Tumbler with a Bartell Drugs’ gift card inside, ranging from $5 to $500.

Store hours are 7:00 a.m.-midnight, seven days a week. Pharmacy hours are 8:00 a.m. – 10:00 p.m. Monday through Friday; Saturdays 9:00 a.m.– 6:00 p.m. and Sundays 10:00 a.m.-6:00 p.m.

Bartell Drugs is the oldest family-run drugstore chain in the U.S. and was started by pioneer pharmacist George H. Bartell in 1890. Since its origin in Seattle’s Central District, the chain has grown into regional mainstay through the Puget Sound area. Two new stores are slated to open in 2017 in the Greenlake neighborhood and another at Snoqualmie Ridge.

About Bartell Drugs: Family-owned since 1890, Seattle-based Bartell Drugs is proud of its more than 125-year history based here in the Northwest. Four generations of the Bartell family have continuously focused on the future – and how the drugstore chain could better serve its customers. Operating 65 locations in King, Snohomish and Pierce counties, it is the nation’s oldest family-owned drugstore chain. For more information on Bartell Drugs, visit www.bartelldrugs.com.

Contact:

Ric Brewer
Senior Communications Manager
4025 Delridge Way SW, Suite 400; Seattle, WA  98106
Office: 206.933.9416
Cell: 206.276.5200
ric.brewer@bartelldrugs.com

Source: Bartell Drugs

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SPAR held a successful Food-to-Go Conference in Tbilisi

A highly successful Food-to-Go Conference organised by SPAR Russia and SPAR Georgia was held in Tbilisi recently.

AMSTERDAM, The Netherlands, 2016-Nov-09 — /EPR Retail News/ — The event, which focused on the theme of ‘Better Together’, brought together teams from SPAR Partners including Russia, Georgia, Azerbaijan and Mongolia. Present were chefs, marketing managers, bakery specialists and preferred suppliers.

The full programme included presentations from SPAR Partners, SPAR International representatives and suppliers. There were also masterclass training sessions on food technologies, during which recipes from various national cuisines were shared and trialed.

Delegates were given the opportunity to visit SPAR stores and a modern production facility which forms part of SPAR Georgia’s Food-to-Go solution. All attendees appreciated the opportunity to learn more about food production and to visit the SPAR stores.

During several practical masterclass sessions, delegates discovered the secrets of Georgian and Azerbaijani cooking and baking, including Khachapuri and Tandoori breads, salads, vegetable, meat and poultry dishes, burgers, baklava pastry and more, some of which the partners indicated could work in their own Food-to-Go ranges.

SPAR Partners share common brand values and pool resources for mutual benefit; a great advantage of being a member of this global organisation. The Food-to-Go Conference in Tbilisi was a great example of partner cooperation and knowledge sharing – a true reflection of the SPAR strategy, ‘Better Together’.

Contact:

SPAR International
Email: info@spar-international.com
Tel: +3120 626 6749

Source: Spar International

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ICA Gruppen announces Q3 FY2016 financial results

Solna, Sweden, 2016-Nov-09 — /EPR Retail News/ — Favourable earnings and higher market shares

Third quarter of 2016 in summary

  • Consolidated net sales amounted to SEK 25,752 million (25,517), an increase of 0.9%
  • Operating profit excluding non-recurring items totalled SEK 1,376 million (1,321). Operating profit for the comparison period included costs of SEK 52 million associated with the acquisition and integration of Apotek Hjärtat
  • Profit from continuing operations (ICA Gruppen excl. ICA Norway) was SEK 1,049 million (979). Profit includes capital gains on sales of non-current assets and impairment losses totalling SEK 20 million, net (-43)
  • Earnings per share for continuing operations were SEK 5.21 (4.83)
  • Cash flow from operating activities for continuing operations amounted to SEK 550 million (955). Excluding ICA Bank the cash flow was SEK 1,045 million (624)

After the end of the quarter

  • No significant events have taken place after the end of the quarter

Comment from the CEO of ICA Gruppen, Per Strömberg: “Compared with the market, we had good growth in our store sales during the third quarter. At the same time, in Sweden we saw clearly lower food price inflation and a significantly lower rate of growth in the market during the summer. Most of our businesses are showing improved earnings and have stable or growing margins. We are pleased with this, especially in view of the slightly higher level of costs we have in many parts of the Group for ongoing future investments.”

Press and analyst meeting

ICA Gruppen is arranging a press and analyst meeting at Tändstickspalatset, Stockholm, on Wednesday, 9 November 2016 at 10.00 CET. CEO Per Strömberg and CFO Sven Lindskog will present the interim report. The meeting will be webcast and can be followed at www.icagruppen.se/investerare.

There is also an opportunity to call in on tel.

SE: +46856642695
UK: +442030089801

Calendar:

15 December 2016                Capital Markets Day

8 February 2017                    Year-end report 2016

7 April 2017                            Annual General Meeting

9 May 2017                             Interim report first quarter

16 August 2017                      Interim report second quarter

10 November 2017               Interim report third quarter

This information is such that ICA Gruppen AB is obligated to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication at time 07.00 CET on Wednesday, November 9, 2016.

For further information, please contact:

Frans Benson
Head of Investor Relations
tel. +46 8-561 500 20
ICA Gruppen press service
Tel +46 10 422 52 52

Source: ICA Gruppen

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Klement’s Sausage Company, Inc. recalls beef and pork products that may be contaminated with extraneous materials

Klement’s Sausage Company, Inc. recalls beef and pork products that may be contaminated with extraneous materials
Klement’s Sausage Company, Inc. recalls beef and pork products that may be contaminated with extraneous materials

 

WASHINGTON, 2016-Nov-09 — /EPR Retail News/ — Klement’s Sausage Company, Inc., a Milwaukee, Wis. establishment, is recalling approximately 1,689 pounds of beef and pork products that may be contaminated with extraneous materials, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today (Nov. 8, 2016).

The ready to eat beef and pork snack stick products were produced on May 13, 2016. The following products are subject to recall: 

  • 1-oz. plastic packages containing 2 pieces of “KLEMENT’S ORIGINAL SNACK STICKS NATURALLY HARDWOOD SMOKED NO MSG ADDED GLUTEN FREE” with a sell by date of 11-16-17 and case code of 3262.

The products subject to recall bear establishment number “EST. 2426B” inside the USDA mark of inspection. These items were shipped to vending distributors in Iowa, Michigan, and Wisconsin.

The problem was discovered on October 6, 2016, when a consumer complaint was filed to the FSIS Des Moines District Office. The Des Moines District Office was notified and began an investigation.

The FSIS Eastern Laboratory found several additional pieces of foreign material ranging in size from 1 to 4.88 mm in other unopened packages.

The company has received one report of an oral injury associated with 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 and media with questions about the recall can contact Becca Herrmann, Director of Marketing, at (414)-744-2330, EXT. 273.

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
Nina Anand
(202) 720-9113
Press@fsis.usda.gov

Source: USDA

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USDA FSIS: Water Lilies Food Inc. recalls egg roll product due to misbranding and an undeclared allergen

WASHINGTON, 2016-Nov-09 — /EPR Retail News/ — Water Lilies Food Inc., an Astonia, N.Y. establishment, is recalling approximately 1,710 pounds of egg roll product due to misbranding and an undeclared allergen, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today (Nov. 8, 2016). The product contains shrimp, a known allergen, which is not declared on the product label. Additionally, this item was mislabeled as pork egg rolls, when in fact, shrimp egg rolls were packaged.

The shrimp egg roll item was produced on July 12, 2016. The following product is subject to recall:   

  • 15-oz. (425 g) boxes containing five pieces of “World Menu Egg Rolls Pork” with a best by date of 07-12-2017, a packaging date of 07-12-2016 and a UPC code of 6-88267-06951-2.  

The product subject to recall bears establishment number “EST. M21465A” inside the USDA mark of inspection. This item was shipped to a distribution center in Westfield, Mass.

The problem was discovered from a consumer complaint when a customer bought egg rolls (pork) and shrimp was found.

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 this product are urged not to consume it. This product 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 and media with questions about the recall can call 888-387-7669.

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
Gabrielle N. Johnston
(202) 720-9113
Press@fsis.usda.gov

Source: USDA

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MAPIC 2016 unveils event highlights

Paris, 2016-Nov-09 — /EPR Retail News/ — With the 22nd edition of MAPIC- the global retail real estate market – just weeks away, please see below a selection of those not to miss events and conference sessions that are set to be the talk of the Palais des Festivals in Cannes.

Welcome Reception 
Tuesday 15 November 19:30 – Majestic Hotel

MAPIC invites you to a welcome reception to break the ice and network with all delegates! Open to all participants wearing their badge.

The O2O Experience – Welcome to my phygital world 
Wednesday 16 November 10:00-11:00, Room 1

The key conference session on O2O which will debate questions such as: What are the best digital solutions to increase traffic, business and revenues? Are pure players dead? How to integrate physical commerce into your 360° strategy? How do brands and pure players create the best physical experience to enchant their customers’ journey?

Speakers: Charlie Farr, Property Acquisitions Manager – Special Projects, Deliveroo ; François Loviton, Director of Retail France, Google France, Wojciech Grendzinski, Vice President and Sales Director, IMS, Edouard Detaille, President, FCE; Brian Kean, Head of Communications & Chief International Officer, Ulmart ; Manuela Calhau, Director, Mkt, Mall Activation, Innovation Europe & New Markets, Sonae Sierra.

“Nowadays, the frontier between online & offline gets blurry: for instance, consumers search online before buying in store or compare prices with their mobile in physical stores. Google is closely collaborating with retailers and partners around the globe to develop online to store and omnichannel retailing solutions. Together with Mapic, we share the common objective to promote a seamless shopping experience for customers in an omnichannel world.” Cyril Grira, Industry Head Retail, Google and Emmanuel Begerem, Head of Channel Partnerships, Google

USA – Click to brick & innovative retail: be connected to the new American dream!
Wednesday 16 November 12:00-13:00, Room 1

The conference will look at O2O from the US market perspective. The panel will discuss about the retail real estate revolution with questions such as: how reinventing shopping centres? New York City: one of the strongest retail destinations in the world – what about the other American cities.

Speakers: Patrick McIntyre, Director of Global Retail, MARS; Darren Williams, Country Director, T2 Tea; Naveen Jaggi, President Retail Brokerage and Retail Capital Markets, JLL; Matthew Greenwell, Director, Storefront; Meghan Kruger, Vice President, Acadia Realty Trust ; David Zoba, Chairman, Global Retail Leasing Board, JLL.

“MAPIC is an exciting opportunity for retailers, along with key market influencers, to meet and discuss our industry. I am enthusiastic to be a part of the US panel this year, because it is important for us to acknowledge the seismic shifts happening in retail today. It is also a great opportunity for us to create win-win relationships and address dynamic retail and consumer trends together.” Patrick McIntyre, Director of Global Retail, MARS

Food & Beverage: Savoring in vogue Italian food & beverage experiences 
Wednesday 16 November 12:30-13-45, Room 2

From snacking to gourmet dining, from street food to food courts: Italian case studies & concepts. Aromas & flavors to reinvent the shopping experience and increase shopping centre success. The Italian way of life abroad: find the best concept to create an authentic dining experience!

Speakers: Ezio Balarini, Group Chief Marketing Officer, Autogrill; Vincenzo Ferrieri, Owner, Cioccolatitaliani; Mario Pascucci, CEO, Caffè Pascucci; Gianandrea Gropplero Di Troppenburg, Development Manager, Cigierre ; Jonathan Doughty, Head of EMEA, JLL Foodservice Consulting; Andrea Aiello, Editor-in-chief, retail&food – Edifis Spa.

“In a new online world, experience is king and gastronomy will be the social glue that will hold retail spaces of the future together. The rise in online sales means that consumers are looking for leisure and culinary experiences from their shopping centre visits as this is something that is still impossible to do online. Well-configured and complementary dining and drinking provision can add real diversity and vitality to major city markets worldwide, and can often boost consumers’ shopping experience and dwell time, as well as giving consumers a reason to keep coming back. This is only set to rise.” Jonathan Doughty, Head of EMEA Foodservice Consulting, JLL Foodservice Consulting

Leisure & Shopping – Retail in the Wonderland 
Wednesday 16 November 14:15-15:30, Room 1

When it comes to shopping, the Millennials’ idea of material goods isn’t as important as experiences and relationships. In recent years, shopping centres have been rapidly re-positioning themselves to incorporate leisure activities that give a shopping centre status as a destination.

Speakers: Christophe Chauvard, General Manager France, Switzerland & Africa, QubicaAMF; Roberto Folgori, Member of Board of Directors, DEDEM Automatica; Gaston Gaitan, Manager & Director, Theleisureway; Hussam Raouf, Managing Director, Mont Hill; Andy Reif, Executive Vice President, Consumer Products, Licensing and Global Experiences, National Geographic Partners; Reinhart Viane, Business Development Director, KCC Entertainment Design; Joshua Wexler, Chief Executive of Fun, iP2Entertainment.

“The priority is to generate retail sales through the creation of a fun atmosphere which celebrates a brand or a range of products. This creates a showcase which benefits the brands even if visitors do not shop but instead spend on the internet.” Roger Houben, CEO of iP2Entertainment

MAPIC 2016 press conference 
Wednesday 16 November 17:00-17:30, Specialty Leasing Lounge
followed by a drink 17:30-18:00 on the USA Pavilion

We are delighted to invite you to the MAPIC 2016 press conference in the presence of Nathalie Depetro, Director of the event, who will make an exclusive announcement.

United Kingdom – Good morning retail 
Thursday 17 November 9:00-10:00, Room 1

The business voice for the world’s largest retail destination including Bond Street, Oxford Street and Regent Street, will provide unrivalled insight into the latest trends and thinking in the market.

Speakers:  Jeremy Collins, Property Director, John Lewis; Mary Portas, Chief Creative Officier, Portas; Duncan Grant, Strategy Director, The Entertainer; Jace Tyrell, Chief Executive, New West End Company; Justin Taylor, Head of EMEA Retail, Cushman & Wakefield.

Millennials – Welcome shopping kings! 
Thursday 17 November 17:30-18:30, Room 2

The Millennials represent a key demographic for retail sales and marketing programmes. It is estimated that the buying power of the Millennials will have an impact for six decades or more, hence their shopping habits will be a key subject at MAPIC 2016. Millennials are more volatile customers due to 24-hour connectivity and infinite choice via online channels, meaning that it is more difficult for brands to gain their loyalty.

Speakers: Sébastien Bismuth, CEO, Undiz; Giovanni Dolci, Vice President, Theatre Development, IMAX Corporation; Renaud Montin, Chief Marketing Officier, Eram; Aaron Shields, EMEA Strategy Director, Fitch; Danny Young, Head Commercial, Bounce.

“Millennials represent the future, so it makes sense that they will be a key focus at MAPIC this year, as MAPIC is renowned for anticipating upcoming trends and pioneering the next steps in retail real estate. This year we have created a new 1,000 sqm Trends Hub, which will showcase thematic exhibitor spaces all linked to emerging retail trends – responding mainly to the demands of the new consumers that are the Millennials,” Nathalie Depetro, Director of MAPIC

Mapic Party
Thursday 17 November 23:00 – Salon des Ambassadeurs, Palais level 4
Open to all participants wearing their badge.

Find out more about MAPIC 2016 in our pressroom.

About Reed MIDEM:
Founded in 1963, Reed MIDEM is an organiser of professional, international markets that are essential business platforms for key players in the sectors concerned. These sectors are MIPTV, MIPDOC, MIPCOM, MIP CANCUN and MIPJUNIOR for the television and digital content industries, MIDEM for music professionals, MIPIM, MIPIM Asia Summit, MIPIM UK, and MIPIM Japan for the real estate industry and MAPIC, MAPIC China Summit in Shanghai and MAPIC Italy in Milan for the retail real estate sector.

About Reed Exhibitions
Reed MIDEM is a division of Reed Exhibitions, the world’s leading event organiser, with over 500 events in 43 countries. In 2015 Reed brought together over seven million active professionals from around the world generating billions of dollars in business. Today Reed events are held throughout the Americas, Europe, the Middle East, Asia Pacific and Africa and organised by 41 fully-staffed offices. Reed Exhibitions serves 43 industry sectors with trade and consumer events. It is part of the RELX Group plc, a world-leading provider of information solutions and analytics for professional and business customers across industries. www.reedexpo.com

Contact:

My-Lan CAO –Press Director
Tel: +33 (0) 1 79 71 95 44
mylan.cao@reedmidem.com

Constance GARCIA Y SANTOS – Press Officer
Tel: +33 (0) 1 79 71 95 65
constance.garciaysantos@reedmidem.com
 
Source: MAPIC
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Lenta and The Walt Disney Company CIS launch range of co-branded food products for children

The first licensed private label co-branded project in the Russian market

St. Petersburg, Russia, 2016-Nov-09 — /EPR Retail News/ — Lenta (LSE, MOEX: LNTA), one of the largest retail chains in Russia, and The Walt Disney Company CIS are pleased to announce the launch of a range of co-branded food products for children offered as Lenta’s private label products.

In 2016, the new product range will comprise six products, including breakfast cereals, jelly beans and cookies. The product packaging will feature Mickey Mouse, the world’s best known animation character, and his friends – Pluto, Minnie Mouse, Donald Duck, and others. The specially designed packaging featuring Disney characters will make the new range products particularly appealing to children and parents. The sales launch is scheduled for November 2016, with more new products to be added to the range during 2017.

All products comprising the new product range meet the highest quality standards that are consistently applied by Lenta to its private label products. Moreover, this product range meets additional requirements to product quality assurance and product safety applied by Disney. Independent social audits and checks for compliance with international labour standards were carried out at the facilities that manufacture Disney-branded products. All producers providing supplies for the new product range have been certified to ISO 22000, and their products are in compliance with Disney’s exacting dietary requirements to provide maximum health benefits to children.

Breakfast cereals, jelly beans and cookies for the new product range will be produced in Russia.

Jan Dunning, Lenta’s CEO, said: “We are excited about the start of our partnership with Disney. Today, Lenta is particularly focused on developing its private labels and we make an extra effort to ensure that these products meet the highest quality standards. Our partnership with Disney in this area is a fundamentally new stage in the development of Lenta’s private labels. We are proud to be the first company in the Russian food market to launch a licensed private label co-branded project. We hope the new products will be a success with both adult and little customers”.

“Creating new niche segments for licensing is a strategic focus for our company. The launch of the first licensed private label co-branded project in Russia is a milestone in the development of the Russian licensing market and Disney’s local business,” said Marina Jigalova-Ozkan, Managing Director for The Walt Disney Company CIS. “We are excited to drive a change in the market in partnership with a major market player like Lenta”.

In 9M 2016, sales of private label products accounted for 12.4% of Lenta’s total sales.

About Lenta
Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country’s fifth largest retail chain (in terms of 2015 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 160 hypermarkets in 74 cities across Russia and 43 supermarkets in Moscow and St. Petersburg, with a total of approximately 990,442 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,900 sq.m. The average Lenta supermarket store has selling space of approximately 1,000 sq.m. The Company operates six owned hypermarket distribution centres.

The Company’s price-led hypermarket formats are differentiated in terms of their promotion and pricing strategies as well as their local product assortment. The Company employed approximately 34,134 people as of 30 June 2016 1.

The Company’s management team combines a mix of local knowledge and international expertise coupled with extensive operational experience in Russia. Lenta’s largest shareholders include TPG Capital and the European Bank for Reconstruction and Development, both of which are committed to maintaining high standards of corporate governance. Lenta is listed on the London Stock Exchange and on the Moscow Exchange and trades under the ticker: ‘LNTA’.

A brief video summary on Lenta’s business and its Big Data initiative can be seen here.

About Disney in Russia
The Walt Disney Company CIS, a subsidiary of The Walt Disney Company, was founded in April 2006. Marina Jigalova-Ozkan is the CEO of The Walt Disney Company CIS. In Russia and the CIS, the company’s business activities include film production and distribution, stage productions, the production and distribution of TV content, the Disney Channel, consumer product licensing – apparel, toys, children’s products, stationery, food products, cosmetics etc.; licensing publications – children’s books and magazines; the production and distribution of digital video content; development and distribution of console, mobile and online games; as well as promotion of Disney theme parks and Disney Cruise Lines to Russian tourists.

For further information about the company please visit www.disney.ru and www.waltdisney.ru,

About The Walt Disney Company globally
The Walt Disney Company (TWDC, NYSE – DIS), a world leader in the entertainment industry, was founded by Walt Disney in 1923. Disney is one of the top Dow Jones Industrial Average companies. The company’s revenue amounted to USD 52.5 billion in FY2015. TWDC owns a variety of brands including Disney, Pixar, Star Wars, MARVEL, ABC, ESPN Maker studios and others. For further information about The Walt Disney Company please visit www.thewaltdisneycompany.com

1 FTE (full-time equivalent). Average FTE for 1H 2016 was 33,758 employees

For further information please visit www.lentainvestor.com, or contact:
 
Lenta
Anna Meleshina
Public Relations & Government Affairs Director
Tel: +7 812 363 28 53
E-mail: anna.meleshina@lenta.com

Anastasia Kuznetsova
Corporate Communications Manager
Тel:+7 (812) 336 39 97
E-mail: a.kuznetsova@lenta.com

Citigate
International Media:
David Westover
Тel: +44 207 282 2886
E-mail: lentateam@citigatedr.co.uk

FTI Consulting
Russian Media:
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
E-mail: lenta@FTIconsulting.com

The Walt Disney Company CIS LLC
Elena Litovchenko
PR Director
+7 495 646 9000
Elena.Litovchenko@disney.com

Daria Chernysheva
Senior PR Manager
+7 495 646 9000
Daria.Chernysheva@disney.com

Source: Lenta

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Lenta announces the opening of its 34th supermarket in Moscow region

St. Petersburg, Russia, 2016-Nov-09 — /EPR Retail News/ — Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its 34th supermarket in Moscow region.

The new store is a Lenta large supermarket format located at 3G Prishvina str., Moscow. The store has a total area of 1,500 sq.m with 963 sq.m of selling space and is open from 8 am to 11 pm, seven days a week. A broad product assortment of 6,500 SKUs has been selected specifically for residents of Moscow and includes Lenta’s private labels and federal product ranges alongside local produce. The store has 8 cash registers. The property is leased by Lenta.

The opening in Moscow is Lenta’s eleventh supermarket opening in 2016 and brings the total number of Lenta stores to 160 hypermarkets in 74 cities across Russia and 43 supermarkets in Moscow and St. Petersburg.

About Lenta
Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country’s fifth largest retail chain (in terms of 2015 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 160 hypermarkets in 74 cities across Russia and 43 supermarkets in Moscow and St. Petersburg, with a total of approximately 990,442 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,900 sq.m. The average Lenta supermarket store has selling space of approximately 1,000 sq.m. The Company operates six owned hypermarket distribution centres.

The Company’s price-led hypermarket formats are differentiated in terms of their promotion and pricing strategies as well as their local product assortment. The Company employed approximately 34,134 people as of 30 June 2016 1.

The Company’s management team combines a mix of local knowledge and international expertise coupled with extensive operational experience in Russia. Lenta’s largest shareholders include TPG Capital and the European Bank for Reconstruction and Development, both of which are committed to maintaining high standards of corporate governance. Lenta is listed on the London Stock Exchange and on the Moscow Exchange and trades under the ticker: ‘LNTA’.

A brief video summary on Lenta’s business and its Big Data initiative can be seen here.

For further information please visit www.lentainvestor.com, or contact:

Lenta
Anna Meleshina
Public Relations & Government Affairs Director
Tel: +7 812 363 28 53
E-mail: anna.meleshina@lenta.com

Anastasia Kuznetsova
Corporate Communications Manager
Тel:+7 (812) 336 39 97
E-mail: a.kuznetsova@lenta.com

Citigate
International Media:
David Westover
Тel: +44 207 282 2886
E-mail: lentateam@citigatedr.co.uk

FTI Consulting
Russian Media:
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
E-mail: lenta@FTIconsulting.com

1 FTE (full-time equivalent). Average FTE for 1H 2016 was 33,758 employees

Source: Lenta

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Lenta announces the opening of its first hypermarket in Novoshakhtinsk

With this opening, Lenta expands its network in the South region to 21 hypermarkets in 13 cities

St. Petersburg, Russia, 2016-Nov-09 — /EPR Retail News/ — Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its first hypermarket in Novoshakhtinsk.

The new store is a Lenta compact format hypermarket located at 201 Kharkovskaya str., Novoshakhtinsk. The store has a total area of 7,849 sq.m with 4,300 sq.m of selling space and is open from 8 am to 11 pm, seven days a week. A broad product assortment of 17,000 SKUs has been selected specifically for residents of Novoshakhtinsk and includes Lenta’s private labels and federal product ranges alongside local produce. The store has 408 parking spaces and 22 cash registers. The property is owned by Lenta.

The opening in Novoshakhtinsk is Lenta’s twenty first hypermarket opening in 2016 and brings the total number of Lenta stores to 160 hypermarkets in 74 cities across Russia and 42 supermarkets in Moscow and St. Petersburg.

About Lenta
Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country’s fifth largest retail chain (in terms of 2015 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 160 hypermarkets in 74 cities across Russia and 42 supermarkets in Moscow and St. Petersburg, with a total of approximately 989,479 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,900 sq.m. The average Lenta supermarket store has selling space of approximately 1,000 sq.m. The Company operates six owned hypermarket distribution centres.

The Company’s price-led hypermarket formats are differentiated in terms of their promotion and pricing strategies as well as their local product assortment. The Company employed approximately 34,134 people as of 30 June 20161.

The Company’s management team combines a mix of local knowledge and international expertise coupled with extensive operational experience in Russia. Lenta’s largest shareholders include TPG Capital and the European Bank for Reconstruction and Development, both of which are committed to maintaining high standards of corporate governance. Lenta is listed on the London Stock Exchange and on the Moscow Exchange and trades under the ticker: ‘LNTA’.

A brief video summary on Lenta’s business and its Big Data initiative can be seen here.

For further information please visit www.lentainvestor.com, or contact:

Lenta
Anna Meleshina
Public Relations & Government Affairs Director
Tel: +7 812 363 28 53
E-mail: anna.meleshina@lenta.com

Anastasia Kuznetsova
Corporate Communications Manager
Тel:+7 (812) 336 39 97
E-mail: a.kuznetsova@lenta.com

Citigate
International Media:
David Westover
Тel: +44 207 282 2886
E-mail: lentateam@citigatedr.co.uk

FTI Consulting
Russian Media:
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
E-mail: lenta@FTIconsulting.com

1 FTE (full-time equivalent). Average FTE for 1H 2016 was 33,758 employees

Source: Lenta

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PetSmart unveils its completely new site PetSmart.com

New PetSmart.com Introduces Responsive Design, Engaging User Experiences Utilizing Pet-Centric Content and Enhanced Fulfillment Capabilities Including Same-Day and Scheduled Delivery

PHOENIX, 2016-Nov-09 — /EPR Retail News/ — PetSmart, Inc. today (Nov. 7, 2016 ) announced the launch of its completely new PetSmart.com site with a commerce-meets-content experience.  The new site features a fresh approach to pet supply shopping and industry-leading home delivery options such as same-day and scheduled delivery – all aimed at letting pet parents shop how, when and where they wish.

“We are thrilled to launch the completely re-engineered PetSmart.com site, which offers a range of best-in-class features that allow pet parents to shop and engage with us whenever and wherever they wish,” said Eran Cohen, chief customer experience officer, PetSmart.  “Our omnichannel strategy is aimed at giving pet parents options tailored to their needs and desires. We look forward to seeing their response to the new site with its new user experience and commerce-meets-content approach, as well as to our expanded and convenient home delivery options, which capitalize on our extensive store network for same-day and scheduled delivery.”

The new site reflects feedback from pet parents and includes features such as one-page checkout and new tailored delivery options like recurring subscription-based shipping, scheduled delivery and same-day delivery. The scheduled and same-day delivery services leverage PetSmart stores as fulfillment resources, an efficient approach in online retail.

“Leading retailers are strategically differentiating themselves through customer-centric user experiences that both define the brand and meet the dynamic expectations of today’s digitally savvy consumers,” says Brendan Witcher, principal analyst with Forrester Research. “PetSmart’s move to better align the commerce experience with each individual’s unique shopping journey shows they are putting the customer at the center of their strategy.”

PetSmart.com’s new features include:  

  • A new technology platform powered by SalesForce® Commerce Cloud technology (previously known as Demandware) that lets PetSmart.com deliver best-in-class online and mobile experiences.  By moving to an industry-leading, flexible cloud-based platform, PetSmart can easily expand its connected commerce capabilities in the future.
  • Amplified user experience delivering an online pet-centric lifestyle approach that combines commerce and content, making it easier than ever before for pet parents to search for the right products, services and information, such as tips, solutions and pet advice.
  • Responsive design that is optimized for mobile, providing pet parents a convenient shopping experience on their smartphones and tablets. As well, PetSmart plans to launch a mobile app in the coming weeks.
  • A mobile-desktop shared cart feature, where the items placed in the cart on the desktop and saved for future reference or purchase can be viewed via mobile devices (and vice versa).
  • The ability for pet parents to now book grooming services through the new PetSmart.com site and request a PetsHotel stay for their pet.
  • Expansion of home delivery options including recurring subscription-based service and two innovative home delivery services for online pet supply shopping: same-day delivery and customized scheduled delivery, both fueled by Deliv*. The new delivery options are featured directly on the product page.  The same-day and scheduled delivery services are being rolled out now and by mid Nov. are expected in 17 major metro areas** across the country. Delivery can be set within a few hours of purchase and up to two days later.
  • An online in-store product availability system so shoppers can check store inventory and be assured the items they need are on shelves when they arrive to the store.
  • A store associate ordering system, so in the unlikely event products aren’t available in stores, they can be purchased online in the store and shipped directly to the shopper’s home for free.
  • A new fulfillment system, which uses PetSmart stores as fulfillment resources for online orders with same-day or scheduled delivery service.

PetSmart.com boasts one of the industry’s broadest online pet product collections, which includes all the products found in PetSmart stores, as well as thousands of additional items available online.

*Deliv is a leading crowdsourced, last-mile logistics company that powers scheduled, same-day delivery and returns for omnichannel retailers, local businesses, and e-commerce companies.

**As of today, PetSmart.com same-day and scheduled home delivery with Deliv is available in Los Angeles, Orange County, San Francisco, San Jose, Las Vegas, Atlanta, Miami, Seattle and Chicago. Service in the following markets is expected by mid-November: Dallas, Houston, Philadelphia, Boston, New York City, Yonkers, Northern New Jersey and Washington, D.C.

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.

Follow PetSmart on Twitter: @PetSmart
Find PetSmart on Facebook: www.facebook.com/PetSmart
See PetSmart on YouTube: www.YouTube.com/PetSmart

Contacts:
Golin for PetSmart Inc.
Danielle Bickelmann
dbickelmann@golin.com
469-680-2503

PetSmart Media Line: 
623-587-2177

Source: PetSmart Inc.

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Foodstuffs North Island Ltd welcomes 20 Dutch companies on Trade Mission from the Netherlands to New Zealand

Auckland, New Zealand, 2016-Nov-09 — /EPR Retail News/ — On Tuesday the 8th of November, Foodstuffs North Island Ltd welcomes 20 innovative Dutch companies from horticultural and agricultural sectors, on a Trade Mission from the Netherlands to New Zealand.

The trade delegation is headed by Dutch Minister of Economic Affairs, Minister Kamp. The trip is taking place parallel to the state visit by Their Majesties King Willem-Alexander and Queen Maxima. New Zealand and the Netherlands are like minded international partners and business cooperation is very successful. We share a number of similar values including freedom, democracy and human rights. We also face similar challenges such as urbanisation and sustainability.

The strong ties between the countries are greatly attributed to the fact that today there is a large community of around 150,000 Kiwis with Dutch roots living in New Zealand.This mission provides great opportunities for the businesses involved as they engage in exploring New Zealand innovation while sharing ideas and building relationships. The companies can gain international knowledge and explore finding solutions for New Zealand’s and the Netherlands’ economic, social and environmental challenges.

Vaughan Grant, General Manager Supply Chain, Foodstuffs North Island says the Netherlands has an excellent relationship with New Zealand and Foodstuffs is pleased to host the delegation and strengthen the partnership.

“As New Zealand’s largest grocery distributer, by serving over 1.30 million New Zealanders every week we are an integral part of many communities. We are pleased to have an opportunity to host the Netherlands delegation to share knowledge on how to provide the best service to our customers.”

Arthur Huijser, Economic and Public Diplomacy Officer at the Embassy of the Netherlands, says he is thrilled the delegation will be exposed to New Zealand’s most promising sectors, he sees this is an opportunity to further strengthen relationships and meet future business partners.

“This mission is a collaborative approach to make connections and share expertise. We feel privileged to gain insights into the Foodstuffs Co-operative and gain a better understanding of the New Zealand grocery market” says Huijser.

Contact:

Tel: +64 4 472 6435
Fax: +64 4 472 6412

Source: Foodstuff

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REWE- und PENNY-Märkte GVO-freie Eigenmarken-Frischmilch ein

Koln, Deutschland, 2016-Nov-09 — /EPR Retail News/ — Im Rahmen ihrer Nachhaltigkeitsstrategie hat die REWE Group bereits 2013 als erstes deutsches Handelsunternehmen GVO-freie Frischmilch der Marburger Molkerei regional auf den Markt gebracht. Jetzt verstärkt die genossenschaftliche Unternehmensgruppe ihr Engagement für GVO-freie Eigenmarken nochmals. Den Auftakt macht die Eigenmarken-Frischmilch bei REWE und PENNY: Ab 2. Januar 2017 führen die bundesweit 5.500 REWE- und PENNY-Märkte GVO-freie Eigenmarken-Frischmilch ein, die es bisher ausschließlich in Süddeutschland gab. Es folgt in den ersten Wochen des kommenden Jahres der Eigenmarken-Käse wie Emmentaler, Gouda oder Mozzarella. Im Laufe des Jahres 2017 werden dann – je nach Verfügbarkeit – sukzessive weitere Milchbasisartikel wie H-Milch, Sahne, Quark oder Saure Sahne bei REWE und PENNY GVO-frei sein.

„Unsere Kunden wollen GVO-freie Produkte kaufen. Wir respektieren diese Haltung und weiten unser Sortiment an Produkten, die von Tieren stammen, die nachweislich GVO-frei gefüttert wurden, systematisch aus. Damit geht einher, dass die Erzeuger verstärkt auf heimische Futtermittel setzen, ein wichtiger Nachhaltigkeitsaspekt“, erklärt Jan Kunath im Vorstand der REWE Group auch für das Thema Nachhaltigkeit verantwortlich.

Die genossenschaftliche REWE Group ist einer der führenden Handels- und Touristikkonzerne in Deutschland und Europa. Im Jahr 2015 erzielte das Unternehmen einen Gesamtaußenumsatz von über 52,4 Milliarden Euro. Die 1927 gegründete REWE Group ist mit ihren 330.000 Beschäftigten und 15.000 Märkten in 20 europäischen Ländern präsent. In Deutschland erwirtschafteten im Jahr 2015 rund 232.000 Mitarbeiter in rund 10.000 Märkten einen Umsatz von 38,2 Milliarden Euro. Zu den Vertriebslinien zählen Super- und Verbrauchermärkte der Marken REWE, REWE CENTER, REWE CITY und BILLA, der Discounter PENNY sowie die Baumärkte von toom und B1 Discount Baumarkt. Hinzu kommen die Bio-Supermärkte (TEMMA), innovative Convenience-Märkte (REWE To Go), das Gastrokonzept „Oh Angie!“ und E-Commerce-Aktivitäten REWE Lieferservice sowie Zooroyal, Weinfreunde und Kölner Weinkeller. Zur Touristik gehören unter dem Dach der DER Touristik Group die Veranstalter ITS, Jahn Reisen und Travelix sowie Dertour, Meier’s Weltreisen, ADAC Reisen, Kuoni, Helvetic Tours, Apollo und Exim Tours sowie die Geschäftsreisesparte FCM Travel Solutions und über 2.400 Reisebüros (u.a. DER Reisebüro, DERPART, Kuoni), die Hotelmarken lti, Club Calimera, Cooee und PrimaSol und der Direktveranstalter clevertours.com.

Für Rückfragen:
REWE Group-Unternehmenskommunikation
Tel: +49 221 149 1050
Fax: +49 221 138898
Mail: presse@rewe-group.com

###

REWE- und PENNY-Märkte GVO-freie Eigenmarken-Frischmilch ein
REWE- und PENNY-Märkte GVO-freie Eigenmarken-Frischmilch ein

Source: REWE Group

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Co-op opens its newest food store in Vimto Gardens, Salford, on November 10 following £580,000 investment

MANCHESTER, England, 2016-Nov-09 — /EPR Retail News/ — The Co-op is serving-up its newest food store in Vimto Gardens, Salford, on Thursday, 10, November, following a £580,000 investment creating 28 new jobs.

Guests of honour at the launch are Salford City Mayor, Paul Dennett, children from St. Philip’s Primary School and, Vimto character “Vimtoad”, who will help to cut the ribbon and declare the store open for the community.

Named after the famous soft drink which was first produced near to the site of the store, the multi-million pound Vimto Gardens development will regenerate the Chapel Street area of the city with its mixed-use development including the Co-op’s 4,000 sq. ft. new food store.

The store will have a focus on fresh, healthy foods, meal ideas and food-to-go. It was include Costa coffee, an in-store bakery and customer car parking.

The new store will also bring a funding boost to local community groups through the Co-op’s new Membership scheme. Co-op members receive a 5% reward on purchases of Co-op own-branded products and services, with a further 1% going local causes and groups to make a difference in the community.

Pete Timmins, Store Manager, said: “We are delighted to have made such a significant investment in Salford, opening the Co-op’s newest food store is an exciting time for the whole team and our aim is to establish the store as a local hub – we are looking forward to serving the community.

“The Co-op is moving forward with a clear purpose and momentum. The return to our ‘clover leaf’ design logo – first used in the 1960’s – aims to re-establish the Co-op as a centre for the community, and we want shoppers to know that they can become a co-owner and member of their Co-op. We are also giving back to the community. Our members have an opportunity to make a difference locally simply by using their membership card when they shop with us and raise much needed funding for organisations who contribute to improving local life.”

Emma Hunt, Head of Marketing at Vimto, said: “We are delighted to be supporting the Co-op with the launch of their new store at Vimto Gardens. The store is situated on Chapel Street, one of the original sites for the Vimto brand, so we are tremendously proud that a leading retailer has recognised this with the naming of their store.“

The Co-op has been described as the fastest growing non-discounter food store according to retail industry data released by Kantar Worldpanel. The community retailer expects to have opened around 100 new stores by the end of this year,  and in subsequent years, as part of its longer-term growth strategy.

Members of the community are invited to mark the opening of the store between 5pm – 7pm on launch day when food sampling and a sparkling Vimto toast will take place.

There are offers and promotions in and around the new store to mark its launch. And, students in Salford who hold a NUS extra card receive a 10% discount off their groceries in the store.

Further information:

Andrew Torr
Co-op Press Office
M: 07702 505 551
E: Andrew.torr@coop.co.uk

Source: The Co-op

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Paradies Lagardère partners with airports in Canada to honor veterans on Remembrance Day, November 11

ATLANTA, 2016-Nov-09 — /EPR Retail News/ — Paradies Lagardère, the travel retail and restaurateur leader in North America, is partnering with several airports throughout Canada to honor veterans that have served their country on Remembrance Day, November 11.

Paradies Lagardère will donate a percentage of its sales made Thursday, November 10, through Friday, November 11, in its retail and food and beverage stores to the Royal Canadian Legion’s Poppy Trust Fund. Through donations to the Poppy Trust Fund, the Royal Canadian Legion provides financial assistance and support to veterans, including Canadian Armed Forces and RCMP, and their families. The Poppy Trust Fund supports food and heating costs, clothing, prescription medication, medical appliances and equipment, essential home repairs, and emergency shelter.

Participating airports:

Calgary International Airport Saskatoon John G. Diefenbaker International Airport
Edmonton International Airport St. John’s International Airport
Greater Moncton International Airport Toronto Pearson International Airport
Montréal-Pierre Elliott Trudeau International Airport Vancouver International Airport
Ottawa International Airport Victoria International Airport
Québec City Jean Lesage International Airport Winnipeg James Armstrong Richardson International Airport
Regina International Airport

Several participating stores include: iStore, Brooks Brothers, PGA TOUR Shops, and RELAY.

“Paradies Lagardère is committed to providing support to military personnel in both the U.S. and Canada,” said Gregg Paradies, president and CEO, Paradies Lagardère. “The Remembrance Day initiative in our Canadian airports, and our ongoing Treat Our Troops and Feed Our Troops programs in our U.S. airports are just small tokens of appreciation for the service and sacrifice those in the military make.”

Additional details:

The Royal Canadian Legion is Canada’s largest veteran support and community service organization. More than 300,000 members in 1,400 branches across Canada make a difference in the lives of veterans and their families, provide essential services within its communities, and remember the men and women who made the ultimate sacrifice. Learn more by visiting http://www.legion.ca/.

Treat Our Troops is a national program that facilitates customer donations in many of the U.S. airports in which Paradies Lagardère operates stores. Shoppers are given the opportunity to purchase a wide variety of useful items such as snacks, beverages, toiletries, reading materials, and electronics purchase items, which are then placed in a collection box. Working in conjunction with airports and the United Service Organization (USO), Paradies Lagardère coordinates packaging and delivery of these donations to USO offices across the country. In 2015, the program resulted in donations of more than 660,000 products to military men and women worldwide.

Paradies Lagardère also offers free meals to U.S. military personnel through its Food and Beverage Division’s Treat Our Troops program. Between Memorial Day and Independence Day, Paradies Lagardère invites active or retired military to receive this special form of gratitude from its customers in participating airport restaurants within the U.S.

Learn more about these and other initiatives by visiting http://paradieslagardere.com/.

Paradies Lagardère specializes in three key airport concessions areas: Food and Beverage, Travel Essentials and Specialty Retail. Within Travel Essentials and Specialty Retail, we offer a diverse mix of categories including fashion, luxury, electronics, convenience, sports, luggage, jewelry, and souvenirs. We also deliver high-end restaurants, quick-serve and casual restaurants, and quality bars, including local, national and international brands that provide travelers delicious dining options.

Paradies Lagardère delivers the very best solutions – a favorite local concept or a highly-desirable international brand – that exceeds expectations for our airport partners and travelers.

Contact:

Nicole V. Linton
Marketing Communications Manager
P: 404 494 3419
M: 470 455 1843

Source:  Paradies Lagardère

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Klépierre subsidiary Steen & Strøm completes sale of its stakes in two shopping centers in Norway and Sweden

Paris, 2016-Nov-09 — /EPR Retail News/ — Klépierre today (November 7, 2016) announces that Steen & Strøm, its 56.1%-controlled subsidiary, has completed the sale of its stakes in two shopping centers: 49.9% of Åsane Storsenter in Bergen, Norway (49,604 sq.m.) and 100% of Torp Köpcentrum1 in Uddevalla, Sweden (31,600 sq.m.) for a total consideration of 235 million euros2 excluding transfer duties. On a group share basis for Klépierre, proceeds from the disposals amount to 132 million euros.

The two centers were acquired by the Olav Thon Group, one of Scandinavia’s largest private property owners.

For the first 9 months of 2016, Torp Köpcentrum contributed 4.9 million euros to net rental income for Klépierre on a total share basis. Åsane Storsenter was consolidated under the equity accounting method and contributed 3.9 million euros to net rental income for the same period.

These disposals are in line with Klépierre’s asset rotation strategy for optimizing its portfolio. To date in 2016, 437 million euros worth of assets have been sold and 41 million euros are under sale and purchase promissory agreements.

The transaction also releases additional financial capacity for Steen & Strøm to fund the development projects in its pipeline and potential targeted acquisitions in Scandinavia.

ABOUT KLÉPIERRE

A leading pure play shopping center property company in Europe, Klépierre combines development, rental, property and asset management skills. The company’s portfolio is valued at EUR 22.6 billion at June 30, 2016 and comprises large shopping centers in 16 countries in Continental Europe which altogether welcome 1.2 billion visitors per year. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager. Klépierre is a French REIT (SIIC) listed on Euronext Paris and included in the CAC 40, EPRA Euro Zone and GPR 250 indexes. It is also included in ethical indexes, such as DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and World 120, and Euronext Low Carbon 100 Europe, and is ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions underscore the Group’s commitment to a proactive sustainable development policy. For more information: www.klepierre.com

AGENDA:

February 6, 2017 Full year earnings (press release after market close)

INVESTOR RELATIONS CONTACTS:
Vanessa FRICANO
+ 33 (0)1 40 67 52 24
vanessa.fricano@klepierre.com

Julien ROUCH
+33 (0)1 40 67 53 08
julien.rouch@klepierre.com

Hubert D’AILLIERES
+33 (0)1 40 67 51 37
hubert.daillieres@klepierre.com

MEDIA CONTACTS:
Lorie LICHTLEN
Burson-Marsteller i&e
+33 (0)1 56 03 13 01
lorie.lichtlen@bm.com

Camille PETIT
Burson-Marsteller i&e
+33 (0)1 56 03 12 98
camille.petit@bm.com

This press release is available on Klépierre’s website: www.klepierre.com

Source: Klépierre

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Jean-Marc Jestin appointed to the role of Chairman of the Executive Board, Klépierre

Paris, 2016-Nov-09 — /EPR Retail News/ — The Supervisory Board, as part of its succession plan for Klépierre management, held a meeting on November 7, 2016 and unanimously decided to promote Jean-Marc Jestin, current member of the Executive Board, to the role of Chairman of the Executive Board, with effect from the date hereof, thus replacing Laurent Morel. The transition is part of the Supervisory Board’s succession plan that included Jean-Marc Jestin’s appointment as Chief Operating Officer and member of the Executive Board of Klépierre in 2012.

“This is the right time for Jean-Marc Jestin to become Klépierre’s next Chairman of the Executive Board. We have selected a highly qualified leader at a time when Klépierre is in a very strong financial and operational position,” said Mr. David Simon, Chairman of the Klépierre Supervisory Board.

“Since joining Klépierre in 2012, Jean-Marc has been an outstanding Chief Operating Officer,” Mr. Simon continued. “He has an in-depth knowledge of the organization and his tenure has yielded excellent operating improvements and financial results across the company, including being instrumental in leading the highly successful acquisition and integration of Corio. His leadership, combined with his vision and energy, will help set the tone for the future of Klépierre. The entire Supervisory Board is pleased that its succession planning has produced an executive of Jean-Marc’s caliber who is ready to be the company’s Chairman of the Executive Board and lead the implementation of our going-forward strategies.”

The Supervisory Board wishes to thank Laurent Morel for his role in the development and growth of Klépierre, making it today one of the leaders of the industry in Continental Europe. “He has been a trusted and valued leader of Klépierre, and we wish him well in his future endeavors,” said Mr. Simon.

“After these very active and transformational years for Klépierre, I am extremely proud of the company’s achievements and I am sure it will be in good hands to continue on its successful track,” said Laurent Morel.

“I am excited and honored to become Chairman of the Executive Board,” said Jean-Marc Jestin. “We have an incredibly talented management team and we will continue to be laser-focused on maximizing opportunities for the company and delivering high quality shopping experience for our customers and tenants as well as robust and sustainable financial performances for the benefit of our shareholders.”

The Group will continue to be under the management of an Executive Board, which will now be composed of Jean-Marc Jestin and Jean-Michel Gault, Deputy CEO.

ABOUT KLÉPIERRE

A leading pure play shopping center property company in Europe, Klépierre combines development, rental, property and asset management skills. The company’s portfolio is valued at EUR 22.6 billion at June 30, 2016 and comprises large shopping centers in 16 countries in Continental Europe which altogether welcome 1.2 billion visitors per year. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager. Klépierre is a French REIT (SIIC) listed on Euronext Paris and included in the CAC 40, EPRA Euro Zone and GPR 250 indexes. It is also included in ethical indexes, such as DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and World 120, and Euronext Low Carbon 100 Europe, and is ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions underscore the Group’s commitment to a proactive sustainable development policy. For more information, visit our website: www.klepierre.com

AGENDA:

February 6, 2017 Full year earnings (press release after market close)

INVESTOR RELATIONS CONTACTS:

Julien GOUBAULT
+ 33 (0)1 40 67 51 85
julien.goubault@klepierre.com

Vanessa FRICANO
+ 33 (0)1 40 67 52 24
vanessa.fricano@klepierre.com

MEDIA CONTACTS:

Lorie LICHTLEN
Burson-Marsteller i&e
+33 (0)1 56 03 13 01
lorie.lichtlen@bm.com

Camille PETIT
Burson-Marsteller i&e
+33 (0)1 56 03 12 98
camille.petit@bm.com

This press release is available on Klépierre’s website: www.klepierre.com

Source: Klépierre

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Stein Mart to release its 3Q 2016 financial results on Thursday, November 17, 2016

JACKSONVILLE, Fla., 2016-Nov-09 — /EPR Retail News/ — Stein Mart, Inc. (NASDAQ:SMRT) will release its third quarter 2016 financial results before the U.S. financial markets open on Thursday, November 17, 2016. Management will also host a conference call to discuss results at 10:00 AM ET on the same day.

If you would like to participate in the conference call, the U.S. toll free dial-in is 1-877-705-6003 and the international dial-in number is 1-201-493-6725. A live webcast of the conference call will also be available on the investor relations page of the company’s website at http://ir.steinmart.com. A replay of the call will be available on the website through November 30, 2016.

About Stein Mart
Stein Mart, Inc. (NASDAQ:SMRT) is a national retailer offering designer and name-brand fashion, accessories and home decor at everyday discount prices. Stein Mart provides real value that customers will love every day both in stores and online. The Company currently operates 290 stores across 31 states. Stein Mart is adding new modern brands to its stores to offer discriminating shoppers even more of the fashion and savings they want. For more information, please visit www.steinmart.com.

Additional information about Stein Mart, Inc. can be found at www.steinmart.com

For more information:

Linda L. Tasseff
Director
Investor Relations
(904) 858-2639
ltasseff@steinmart.com

Source: Stein Mart, Inc./globenewswire

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KappAhl to hold Annual General Meeting on Tuesday 6 December 2016

Mölndal, Sweden, 2016-Nov-09 — /EPR Retail News/ — KappAhl AB’s (publ) Annual General Meeting will be held at 10.00 am on Tuesday 6 December 2016 at KappAhl’s head office, Idrottsvägen 14, Mölndal, Sweden. Notification to participate should be made, preferably by 12 o’clock noon, on Wednesday 30 November 2015.

At the Annual General Meeting the following matters, inter alia, are proposed to be dealt with:

  • The Board of Directors’ proposal about the resolution regarding the adoption of the income statement and balance sheet, distribution of the Company’s result (proposed dividend of 1.25 SEK per share) and an unchanged remuneration policy for the company management,
  • The Nominations Committee’s proposals are that Anders Bülow is appointed chairman of the Annual General Meeting, that six board members are appointed, that remuneration will be 400.000 SEK to the chairman of the Board, 200.000 SEK to the other members of the Board and that committee fees are unchanged per board member, that Anders Bülow, Kicki Olivensjö, Pia Rudengren and Susanne Holmberg are re-elected as ordinary members of the Board, that Göran Bille and Cecilia Kocken are elected as new ordinary members of the Board and that Anders Bülow through re-election is elected as chairman, and that PwC is elected accounting firm with Eva Carlsvi as chief auditor.

KappAhl, founded in 1953 in Gothenburg, is one of the leading Nordic fashion chains with nearly 380 stores in Sweden, Norway, Finland and Poland as well as Shop Online. Our mission is to offer value-for-money fashion of our own design with wide appeal. About 38 per cent of the range has sustainable fashion labelling. In 2015/2016 sales were SEK 4.7 billion and the number of employees was about 4,000 in nine countries. KappAhl has been listed on Nasdaq Stockholm since 2006. More information is available at www.kappahl.com

PRESS CONTACTS:

Corporate and Investor Relations:
Charlotte Högberg
Head of Corporate Communications
Phone: +46 70 – 471 56 31
charlotte.hogberg@kappahl.com

Fashion and range:
Monika Kostovska
Fashion Press Responsible
Phone: +46 70 – 471 55 56
monika.kostovska@kappahl.com

Source: KappAhl

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Los Angeles chef Roy Choi to open Kogi inside Whole Foods Market El Segundo store on Nov. 9

LOS ANGELES, 2016-Nov-09 — /EPR Retail News/ — Whole Foods Market has partnered Los Angeles chef Roy Choi to open a Kogi location inside its El Segundo store, opening Wednesday, Nov. 9, at 760 S Sepulveda Blvd  in Plaza El Segundo. The opening coincides with the completion of a major remodel of the 66,500-square-foot store.

Located within the prepared foods section, Kogi will offer a full menu of its famed tacos, burritos and favorites like the Short Rib Tacos, Blackjack Quesadillas and Blue Moon Mulitas seven days a week. All menu items are made on site and meet Whole Foods Market’s strict quality standards.

“Every menu item is prepared with the same OG Kogi love, the freshest ingredients and our shared commitment to quality,” said Roy Choi, who co-founded Kogi. “We are so proud to continue to be a trailblazer in being the first concept of its kind in now two Los Angeles Whole Foods Market stores.”

Kogi is the second Roy Choi venue within a Whole Foods Market store, Chego opened last year in the company’s downtown Los Angeles location.  It is Kogi’s first stationary South Bay location.

“People follow Kogi’s trucks all over Southern California,” said Patrick Bradley, president of Whole Foods Market’s Southern Pacific Region. “Now locals can make it a regular lunch spot or grab Kogi to go when picking up their groceries. We’re thrilled to offer this experience within the South Bay’s new and improved El Segundo store.”

The updated store includes new offerings in almost every department. It was designed to provide shoppers with a more streamlined, efficient shopping experience and new culinary innovations like the partnership with Kogi and the recently opened, “the 2ND,” with 36 beers on tap, 12+ wines by the glass and seasonal menu with items like cauliflower nachos, avocado toast, “boozy” gelato and a brunch menu on the weekends.

Additional updates

  • Smokehouse menu in the meat department, plus expanded marinated and value section
  • A self-serve pizza station and new pizza menu in prepared foods
  • Huge beer and wine selection featuring more than 850 types of beer, including local limited release offerings
  • The largest bulk pet food section of any Southern California Whole Foods Market store
  • Beautifully designed juice & smoothie bar with made-to-order smoothies, juices and “boost-ups” like pressed ginger, turmeric and wheatgrass
  • Updated coffee bar with custom espresso drinks, featuring local Bodhi Leaf blend on cold brew
  • Renovated beauty and body care department with a curated selection of premium body care
  • Made-to-order-poke bar – opening Nov. 17
  • A scratch bread program in bakery and a bread bar – opening January 2017

Whole Foods Market El Segundo will commemorate the grand reopening Wednesday, Nov. 9 at 9 a.m. with a bread-breaking ceremony with team members, Roy Choi and the community. Shoppers can enjoy food and beverage demos, sampling and DJ throughout the day.

For more on Kogi, check out @RidingShotgunLA and @KogiBBQ on Twitter and Instagram. For details on all upcoming events and activities, click here, follow the store on Facebook or @wfmsouthbay on Instagram.

Contact: 

Southern Pacific media team
sp.pr@wholefoods.com

Source: Whole Foods Market