DDR Corp. declares fourth quarter 2016 common stock dividend of $0.19 per share

BEACHWOOD, Ohio, 2016-Nov-12 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) declared its fourth quarter 2016 common stock dividend of $0.19 per share, which represents an increase of 10% from the fourth quarter of 2015. The common stock dividend is payable on January 5, 2017, to shareholders of record at the close of business on December 13, 2016.

About DDR Corp.
DDR is an owner and manager of 327 value-oriented shopping centers representing 107 million square feet in 36 states and Puerto Rico.  The Company’s assets are concentrated in high barrier-to-entry markets with stable population and high growth potential and its portfolio is actively managed to create long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR. Additional information about the Company is available at www.ddr.com.

Safe Harbor
DDR Corp. considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company’s expectation for future periods. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. For this purpose, any statements contained herein that are not historical fact may be deemed to be forward-looking statements. There are a number of important factors that could cause our results to differ materially from those indicated by such forward-looking statements, including, among other factors, local conditions such as supply of space or a reduction in demand for real estate in the area; competition from other available space; dependence on rental income from real property; the loss of, significant downsizing of or bankruptcy of a major tenant; redevelopment and construction activities may not achieve a desired return on investment; our ability to buy or sell assets on commercially reasonable terms; our ability to complete acquisitions or dispositions of assets under contract; our ability to secure equity or debt financing on commercially acceptable terms or at all; our ability to enter into definitive agreements with regard to our financing and joint venture arrangements or our failure to satisfy conditions to the completion of these arrangements; and the success of our capital recycling strategy. For additional factors that could cause the results of the Company to differ materially from those indicated in the forward-looking statements, please refer to the Company’s Form 10-K for the year ended December 31, 2015. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.


Old Navy’s “Instant Happy” sweepstakes to give away $100,000 to one lucky winner every day from November 18-25


SAN FRANCISCO, 2016-Nov-12 — /EPR Retail News/ — Old Navy is helping to put the happy in Happy Holidays this shopping season with incredible giveaways, extended Black Friday deals and a line-up of family fun in-store events. At Old Navy, #happyistrending!

Instant Happy Contest

In the week leading up to Black Friday (11/18-11/25), Old Navy will be giving away $100,000 to one lucky winner each day, plus thousands of other prizes, as part of the “Instant Happy” sweepstakes.* Scratchers distributed in-store daily, while supplies last, will reveal instant prizes from partners including Chipotle Mexican Grill, Coca-Cola, Fandango and Tiny Prints. Every scratcher will contain a prize as well as a code to enter for the daily grand prize of $100,000.

Prizes include:

  • Free Chips & Guacamole from Chipotle Mexican Grill
  • 20 oz. Coca-Cola beverages from My Coke Rewards
  • Movie tickets from Fandango
  • $25 off a purchase from Tiny Prints
  • Free Shipping from OldNavy.com

Our online customers will also be able to enter for a chance to win the $100,000 daily grand prize on OldNavy.com. Learn more about “Instant Happy” at Oldnavy.com/InstantHappy.

“We’re excited to enrich the lives of eight lucky customers with an incredible holiday jackpot,” said Steve Stickel, Old Navy’s Global Head of Stores & Store Operations. “Our goal is to put a smile on every customer’s face through our week of prizes, extended Black Friday deals, covetable product and engaging in-store activations.”

Shop Happy Deals

Customers don’t have to wait until Black Friday this year to take advantage of our biggest sale of the year. Starting Wednesday, Nov. 23 from 6 a.m. until close at 10 p.m., the entire store will be 50 percent off. The 50% off sale will continue when stores open on Thursday, Nov. 24 at 4 p.m. until they close on Friday, Nov. 25 at midnight, giving shoppers 32 hours straight to snag incredible deals.** On the morning of Black Friday, Old Navy will offer its beloved Frost-Free jacket for the family at a doorbuster price of $10 (while supplies last).The savings last throughout the weekend, with 40 percent off the entire store Saturday, Sunday and Monday.

The deals don’t stop in store! OldNavy.com will offer 40% off everything on Saturday and Sunday, leading up to our best Cyber Monday deal yet. On Cyber Monday, everything will be 50%, and customers will receive a free pair of cozy socks with any purchase (while supplies last).

Saturday Happy In-Store Events

Old Navy isn’t just offering great deals, but is also bringing the happy to the shopping experience with four special Saturday in-store events.

SNAP HAPPY (Saturday, Nov. 26):

Snap and share festive photos using our gift box backdrop and playful holiday props, and receive a coupon for a free 8×8 Shutterfly photo book ($29.99 value). In select stores, Santa will be in the house, along with a professional photographer, to get your best angle.

CRAFT HAPPY (Saturday, Dec. 3):

Let your little ones explore their crafty side at our holiday card activity stations. Kids can customize a gingerbread man card with different outfit and accessory stickers.

SLEEP HAPPY (Saturday, Dec. 10):

Join our in-store PJ party. Store associates will be donning their Jingle Jammies to perform a special choreographed dance called the “Jingle Jammie Jam.”

GIFT HAPPY (Saturday, Dec. 17):

Gap Inc. credit card holders will receive an exclusive holiday gift bag and tissue paper set with purchase. Additionally, customers who apply for and use their Old Navy card will receive 25% off their purchase.

About Old Navy

Old Navy is a global apparel and accessories brand that makes current American essentials accessible to every family. Originated in 1994, the brand celebrates the democracy of style through on-trend, playfully optimistic, affordable and high quality product. A division of San Francisco-based Gap Inc. (NYSE: GPS), Old Navy brings a fun, energizing shopping environment to its customers in more than 1,000 stores around the world. For more information, please visit www.oldnavy.com.

* NO PURCHASE NECESSARY.  Legal residents of the 50 United States (D.C.) and Canada 18 years and older.  Ends 11/25/16. Redemption for instant win game prizes and offers ends 12/4/16.  To play and for Official Rules, including odds, free method of entry, and prize descriptions visit www.oldnavy.com/redeemhappy (for U.S. entrants) or www.oldnavy.ca/redeemhappy (for Canadian entrants). If Canadian resident, mathematical skill-testing question must be correctly answered to win. 8 sweepstakes prizes and 3,728,400 U.S. instant win game prizes (approximate retail values from $0 to $100,000) available to be won.  Void where prohibited.

**Store hours may vary, check local stores for details.

Investor information:


Source: Gap Inc.

Gap Inc. declares quarterly dividend of $0.23 per share

SAN FRANCISCO, 2016-Nov-12 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today (11/10/2016) announced that its board of directors authorized a quarterly dividend of $0.23 per share payable on or after January 25, 2017 to shareholders of record at the close of business on January 4, 2017.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2015 net sales were $15.8 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Investor information:


Source: Gap Inc.

IKEA, Uber and “Oh Happy Day” inspire friends and loved ones to come together to celebrate Friendsgiving

IKEA Offers Inspiration – and a Special Promotion – to Encourage Friends and Loved Ones to Gather for a Special Meal This Holiday Season

CONSHOHOCKEN, PA, 2016-Nov-12 — /EPR Retail News/ — IKEA U.S. announced today (November 10, 2016) it has teamed up with Uber and “Oh Happy Day” to offer a special promotion – as well as tips and inspiration – for friends and loved ones planning a Friendsgiving meal this holiday season. “Friendsgiving” is a new cultural phenomenon where friends gather for a Thanksgiving meal before the actual holiday. Consumers in New York City will have an opportunity to receive a free IKEA Friendsgiving kit – including IKEA dining products, holiday ingredients and more – by using the Uber app on Saturday, November 19 from 10 am-4 pm ET. For those not in New York City, Jordan Ferney, expert event planner and founder of “Oh Happy Day” has tips and savvy tricks to host the perfect Friendsgiving at home.

“At IKEA, we understand that sometimes it’s a challenge to make it home for Thanksgiving. Friendsgiving is about being together with those that are like family, and the special memories that are made in the kitchen, around the dining table and over food,” said Kendra Ferguson, Media Project Manager at IKEA. “This year, we’re continuing to celebrate Life In and Around the Kitchen and the many magic moments that happen there, which is why we teamed up with Uber and ‘Oh Happy Day’ to help make Friendsgiving extra special for those celebrating.”

IKEA is partnering with Uber to bring Friendsgiving right to the doorsteps of those in New York City. On Saturday, November 19, New Yorkers will have the opportunity to request and receive delivery of a free IKEA Friendsgiving kit straight to their door by using the Uber app from 10am-4pm ET. A total of 200 lucky people who use the app to ‘flag’ down the IKEA Friendsgiving Uber will receive an all-inclusive Friendsgiving package, complete with IKEA dining products, holiday ingredients, and custom recipes to feed six friends.

New Yorkers can request the Friendsgiving kit through the Uber app* through the following steps:
1. Uber riders in New York City’s 5 boroughs can open the Uber app and enter promo code IKEAFRIEND starting November 10
2. Riders will be prompted again on November 19 to find the custom IKEA option in the app to request the IKEA Friendsgiving kit
3. If the rider is one of the 200 lucky users connected to a car carrying an IKEA Friendsgiving kit for six, it will arrive in minutes
4. Enjoy Friendsgiving!

“Thanks to our partnership with IKEA, celebrating Friendsgiving has never been easier,” said Josh Mohrer, General Manager, Uber NY. “New Yorkers know how easy it is to request a ride through the Uber app, and this Thanksgiving season, people in all five boroughs will have the opportunity to request all the fixings and necessities to host a special holiday meal at the touch of a button.”

For more information on the IKEA U.S. / Uber promotion in New York City, visit HERE.

For those not in New York City, IKEA has teamed up with Jordan Ferney, lifestyle blogger and expert event planner and founder of the design and lifestyle site ”OHHAPPYDAY” to provide essential tips and savvy tricks to host a memorable Friendsgiving at home. Jordan’s tips include:
1. Make It a Potluck. Ain’t nobody got time to make a giant dinner with all the sides, so why not make it a potluck? Each of your friends can bring their own favorite dish to share with the group. This way, you can spend more time with your friends and less time cooking!
2. Placecards. There is something so welcoming about having a personalized placecard at the table. Make your Friendsgiving extra special by preparing little treats or handmade tags to place at each person’s plate.
3. Easy Décor. Try foraging in the yard for some “rustic” looking branches-turned centerpiece. Or take dried leaves and write things you are thankful for at each place setting in a white marker. Give your eyes something to feast on!Tradition Swap.Your friends may feel like family, but chances are they celebrate a little differently! Take this opportunity to share your favorite Thanksgiving traditions with your friends and ask them to do the same. You might even come away with some new traditions of your own!
4. Mix it Up. Friendsgiving doesn’t have to be your grandma’s dinner table! Shake up your typical Thanksgiving itinerary with games, a craft, or even an uncommon surprise (like a turkey piñata!)
5. Visit the IKEA Design blog HERE to view these tips – along with IKEA product suggestions – for additional inspiration to host a Friendsgiving dinner at home.

Since its 1943 founding in Sweden, IKEA has offered home furnishings of good design and function at low prices so the majority of people can afford them. here are currently more than 385 IKEA stores in 48 countries, including 42 in the U.S. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information see IKEA-USA.com, @IKEAUSANews, @IKEAUSA or IKEAUSA on Facebook, YouTube, Instagram and Pinterest.

Media Contact:

Kathy Boerner
Phone: 646-935-3914

Source: IKEA

EROSKI inaugura un supermercado franquiciado en Zegama

EROSKI inaugura un supermercado franquiciado en Zegama
EROSKI inaugura un supermercado franquiciado en Zegama


  • El supermercado responde al modelo comercial “contigo” que EROSKI impulsa en su red de tiendas y cuyas señas de identidad son el protagonismo de los frescos, el trato personalizado, la apuesta por lo local y la alimentación saludable
  • EROSKI colaboró el pasado ejercicio con más de 2.000 proveedores vascos

ELORRIO,España, 2016-Nov-12 — /EPR Retail News/ — EROSKI ha inaugurado hoy un supermercado franquiciado bajo la enseña EROSKI/city en la calle Elizalde, número 5, de Zegama. El nuevo supermercado responde al modelo comercial “contigo” que EROSKI impulsa actualmente en su red de tiendas y cuyas señas de identidad son el protagonismo de los alimentos frescos, el trato personalizado al cliente, una fuerte apuesta por los productos locales y la promoción de una alimentación saludable.

El supermercado dispone de un surtido de 3.500 productos de marcas de fabricantes líderes, marcas propias y productores locales en sus 180 metros cuadrados de superficie. Asimismo, cuentan con una amplia oferta de alimentos frescos, especialmente frutas y verduras locales de temporada, y las referencias saludables ganan peso con un surtido más amplio, que incluye una sección específica de productos ecológicos. Los clientes disponen de atención personalizada en mostrador en la sección de charcutería. El establecimiento ofrece también productos de panadería y bollería recién horneados en horno propio.

Las ofertas y promociones se sucederán cada mes para favorecer el ahorro de los consumidores. Una apuesta por el ahorro que tiene su máximo exponente en el programa de fidelización EROSKI Club, que en Gipuzkoa cuenta con más de 208.000 afiliados. EROSKI Club ofrece descuentos hasta del 15% en más de 2.500 productos, así como promociones y ofertas exclusivas, además de todas las ventajas del programa Travel Club.

Creación de cuatro puestos de trabajo

La apertura del establecimiento ha supuesto la creación de cuatro puestos de trabajo. “En un momento en el que el paro es el principal problema en nuestro entorno, la franquicia es una fórmula exitosa para la generación de empleo. Nuestra cultura cooperativa de autogestión encaja perfectamente con la filosofía de los emprendedores que apuestan por la creación de su propia empresa y buscan el respaldo de profesionales de amplia experiencia y de una marca de confianza”, ha señalado el director de franquicias de EROSKI, Enrique Martínez.

Compras superiores a los 600 millones de euros

La política comercial de EROSKI es potenciar al máximo las economías locales para crear riqueza en el entorno contribuyendo al desarrollo agroalimentario y económico-social. La cooperativa colabora con más de 2.000 proveedores vascos con un volumen de compra superior a los 600 millones de euros, siendo el 60% compras al sector agroalimentario.

44 franquicias inauguradas en el primer semestre del año

EROSKI ha abierto 44 supermercados franquiciados en el primer semestre de 2016, siete de ellos en el País Vasco. La cooperativa cumple así las previsiones de su plan de expansión para poder aproximarse al centenar de nuevos establecimientos franquiciados al cierre del ejercicio.

Estas inauguraciones, que han contado con una inversión de 6,6 millones de euros, han generado 264 puestos de trabajo. Estas aperturas suponen, junto a la transformación emprendida de su red de tiendas propias, un fuerte impulso a la expansión del modelo comercial ‘contigo’ que define la nueva generación de tiendas EROSKI.

Datos de contacto con el Departamento de Comunicación:
944 158 642

Source: Eroski


Argos kicks off Black Friday bonanza on November 18 through 28

Milton Keynes, UK, 2016-Nov-12 — /EPR Retail News/ — Argos’ eagerly anticipated Black Friday bonanza will kick-off on Friday 18 November and will run for 13 consecutive days through Cyber Monday.

The leading retailer will once again offer deals galore on thousands of products across the whole period as UK shoppers look to help themselves to a wealth of bargains in the run-up to Christmas.

Falling on November 25, Black Friday, the most popular day in the shopping calendar, marks the serious start of the festive shopping season as customers take advantage of the bargains available for a little self-gifting and adopt a ‘one for you, one for me’ state of mind.

Cyber Monday (November 28) also continues to be an important day for online shopping and falls on pay day for many people this year.

Argos expects Black Friday to be a digital day again this year, after its website received around 12 million visits on the day itself in 2015 with customers making a staggering 18 transactions a second during peak trading periods.

Over 70 per cent of all visits were from mobile and tablet devices and a quarter of total online sales were fulfilled via the newly introduced Fast Track Same-Day Delivery and Fast Track In-Store Collection services, allowing shoppers to get hold of their deals at a time to suit them.

Whilst the deals remain a closely guarded secret, Argos insists that there will be some sizable discounts available on a range of technology, toys, consumer electronics and domestic appliances.

John Rogers, Chief Executive Officer of Sainsbury’s Argos, said: “Last year’s Black Friday was the biggest and most successful shopping day ever for Argos.

“We have been busy preparing for the Black Friday period for many months now, making sure our website, stores and distribution operations are all geared up in anticipation of high levels of demand for our great range of products.

“Without doubt Black Friday and Cyber Monday have changed how people shop for Christmas in the past few years but we remain focused on making shopping easy and convenient for customers, so they can get a great deal, whether they choose to shop with us in store or online, or a combination of the two.”

Argos has over 800 stores across the UK and Ireland as well as almost 30 stores in Sainsbury’s supermarkets and another 30 digital collection points in Sainsbury’s stores.

Argos has recruited an additional 10,000 seasonal workers to help serve millions of customers across the festive period. On Black Friday itself, they will be joined by hundreds of head office workers helping out on the shop floor.

To get the deals and top products out to stores and customers’ homes, Argos’ 11 enormous distribution centres covering a total of 5.4 million square feet of floor space will have 6,100 warehouse workers and 1,000 delivery drivers, supported by 3,000 Fast Track drivers based at local stores.

High-demand products being ferried across the UK this Christmas using a fleet of 1,800 lorries and Fast Track vans include wearable tech such as Fitbit, Virtual Reality Headsets, 4K & LED TVs, X-boxes with games such as FIFA 17, and Amazon Fire Sticks, as well as a thousands of the most popular toys including Star Wars, Hatchimals, Lego and Tiny Treasures.

Same-day Fast Track delivery slots will be offered to customers on a first-come, first-served basis with subsequent days’ slots offered once Black Friday’s delivery schedules are full.

This year Argos expects to see a repeat of last year’s shopping patterns as customers stayed up to shop into the small hours to snap up the best deals as soon as they launched. Ten orders per second were processed between 1am and 2am (340,000 digital visits). Early bird shoppers were gaming and tech fans.

By 9 am, digital channels had already seen 3.2 million visits and breakfast shoppers were after computing bargains, especially laptops. Peak hour was 8am to 9am with nearly one million visits.

Across the full week including Black Friday, customers visited Argos digital channels over 42 million times.

Notes to Editors:

About Sainsbury’s Argos

Sainsbury’s Argos is a leading UK digital retailer and sells more than 60,000 products under the Argos and Habitat brands. It sells through www.argos.co.uk, www.habitat.co.uk, its growing mobile channels, its 845 stores and over the telephone. Argos Digital Stores and Mini Habitats can also be found in Sainsbury’s supermarkets.

Argos is the UK’s largest high street retailer online and the second most visited website, with nearly a billion website visits a year. More than half of the company’s sales originate online and around 120 million customer transactions take place in its stores each year. Argos offers customers market leading delivery and collection services, including Check & Reserve, Fast Track Delivery and Fast Track Collection which make customers’ lives easier, every day.

Sainsbury’s Argos is part of J Sainsbury plc, a leading retailer of food, clothing and general merchandise and owner of Sainsbury’s Bank. Sainsbury’s commitment to helping customers live well for less has been at the heart of what the company does since 1869. J Sainsbury plc employs 195,000 colleagues across the UK and Ireland whose strong culture and values are integral to driving its success – now and in the future. Our vision is to be the most trusted retailer where people love to work and shop.

For more information, please contact the Argos Press Office on 0845 120 4365 or email: media.relations@argos.co.uk Follow us on Twitter at @argos_PR

Source: Argos

Guerlain launches collection of four eaux de parfum inspired by the four seasons

Guerlain launches collection of four eaux de parfum inspired by the four seasons
Guerlain launches collection of four eaux de parfum inspired by the four seasons


Paris, 2016-Nov-12 — /EPR Retail News/ — Guerlain has released an exceptional collection of four fragrances created by Thierry Wasser, Guerlain Master Perfumer. Each scent is inspired by a season and contained in a precious Quadrilobe bottle in Baccarat crystal and embellished by textile designer Janaïna Milheiro.

Guerlain presents a collection of four eaux de parfum inspired by the four seasons. Created by Master Perfumer Thierry Wasser and embellished by textile designer and fabric artisan Janaïna Milheiro, each fragrance encapsulates one of the seasons. A limited edition of just 20 signed and numbered bottles has been crafted for each season.

Janaïna Milheiro has decorated each precious bottle to better magnify the unique scent it contains. Her poetic jewels were made using a “feather beading” embroidery technique, creating an effect both majestic and airy.

Like a character from a Russian fairy tale, “L’Hiver” (winter) wears a coat of white feathers. The olfactory landscape is a woody musk. “Le Printemps” (spring) is a vibrant musky green floral with a garland of exuberantly colorful flowers encircling the bottle. A feather sun in honeyed tones embraces the bottle of “Été” (summer), a sunny floral fragrance. And finally, the feathers transform into a swirl of dead leaves before falling onto the bottle of “L’Automne” (autumn), a fresh woody fragrance.

The jewel-like bottles are decorated with a satin cord hand-tied by Guerlain’s “Dames de Table” artisans. The bottles are nestled in a stylish case decorated with Guerlain’s emblematic star.


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


Starbucks announces the introduction of Nitro Cold Brew in China

Starbucks announces the introduction of Nitro Cold Brew in China
Starbucks announces the introduction of Nitro Cold Brew in China


  • China is the first international market, outside of the U.S. and Canada, to launch Nitro Cold Brew
  • Starbucks aims to rollout the new handcrafted cold coffee innovation across more locations in China, further deepening its coffee leadership position in the market

SHANGHAI, 2016-Nov-12 — /EPR Retail News/ — Starbucks (NASDAQ: SBUX) announced today (November 10, 2016) that the China World Trade Centre Starbucks store in Beijing is the first location in China, and outside the U.S. and Canada, to introduce Nitro Cold Brew on tap alongside its classic Cold Brew and more locations are to come over the next few months. The introduction of Nitro Cold Brew in China comes after a highly successful nationwide launch of Starbucks Cold Brew. Starbucks will once again bring a brand new delightful handcrafted cold coffee experience to its Chinese customers.

“We have been relentless in our pursuit to perfect our coffee expertise and Nitro Cold Brew is a firm demonstration of our significant investments in coffee-forward product innovations to deepen our coffee leadership position,” said Belinda Wong, ceo, Starbucks China. “Something magical happens whenever we combine our innovation with the unbelievable passion of our skilled Starbucks barista. The handcrafted Nitro Cold Brew will surprise and exceed the expectations of customers who are seeking a different kind of coffee artistry experience in China.”

Nitro Cold Brew – Starbucks newest take on its signature Nariño 70 Cold Brew. Cold Brew – is infused with nitrogen that unlocks the super-smooth, natural sweetness of Cold Brew coffee, which then cascades from the tap with a velvety and creamy texture that customers can see and taste. It is deliciously cold and is served unsweetened, and without ice, to highlight the flavor the cold brewing process brings out in the coffee. Since its launch in May 2016, Nitro Cold Brew is one of the most popular beverages at the Starbucks Reserve® Roastery and Tasting Room in Seattle.

“Our customers embraced the smooth, full-bodied flavor of Starbucks Cold Brew when it was first introduced in China last summer. There’s a lot of time and passion that goes into brewing each batch of Cold Brew, so it’s been especially rewarding to see customers enjoying it,” said Xi Wen, coffee master and store manager, China World Trade Centre Starbucks Reserve™ store. “I am proud that my store has been selected as the first store in China to introduce the Nitro Cold Brew, and I am looking forward to introducing this new handcrafted cold coffee experience to my customers and partners.”

Recipes for cold coffee beverages are developed by Starbucks® coffee and research teams, who taste hundreds of cups of coffee to ensure the right blend, roast and brewing method is used to create the perfect flavor profile. Starbucks Cold Brew features a blend of high-quality varietals from Latin America and Africa, which delivers a sweet, dense and smooth coffee punctuated with a chocolatey and citrusy flavor profile.

Media contact:

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

Source: Starbucks


Starbucks announces its first single-origin Reserve coffee from India now available for a limited time

Starbucks announces its first single-origin Reserve coffee from India now available for a limited time
Starbucks announces its first single-origin Reserve coffee from India now available for a limited time


Seattle, 2016-Nov-12 — /EPR Retail News/ — The Nullore Estate in India, owned by Tata Coffee Limited, is one of the largest arabica plantations in the Coorg coffee growing region, and it’s where Starbucks sourced its first single-origin Reserve coffee from India.

Starbucks Reserve® India Tata Nullore Estate is available for a limited time at Starbucks Reserve® Roastery and Tasting Room in Seattle, Washington. It is also offered in select Starbucks stores across the U.S. while supplies last.

It took several months to cultivate Starbucks Reserve® India Tata Nullore Estate, which was isolated from the regular estate coffees, handpicked and sun-dried prior to roasting. As a small-batch coffee, only limited quantities are available.

“This coffee is the perfect complement to our existing line-up of Starbucks Reserve® coffees,” said Andrew Linnemann, Starbucks vice president, Global Coffee Quality. “It’s a sublime coffee with sweetness, chocolatey notes and a creamy mouthfeel with the perfect balance of flavor and character.”

Starbucks Reserve® coffees are a line of premium, one-of-a-kind small batch coffees sourced from small coffee-growing regions in Latin America, Africa and Asia Pacific. These coffees are roasted at the Starbucks Reserve® Roastery and Tasting Room.

“Our Starbucks Reserve coffee program is all about firsts,” said Linnemann. “It’s about connecting people with coffees they’ve heard about but never had a chance to try or exposing them to a coffee they didn’t know exists. We’re excited to share Starbucks Reserve® India Tata Nullore Estate with our customers.”

Media contact:

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

Source: Starbucks


Starbucks kicks off the holiday season with its 2016 Red Holiday Cups

Starbucks kicks off the holiday season with its 2016 Red Holiday Cups


Seattle, 2016-Nov-12 — /EPR Retail News/ — For many, when Starbucks red cups return, it’s a signal that the holiday season is drawing near.

Since 1997, Starbucks has welcomed the holidays with a special red cup that celebrates the spirit of the season. Over the years, designs have ranged from the modern, using whimsical brushstrokes in bold colors, to the nostalgic, featuring mistletoe and ornaments. This year, for the first time, Starbucks red cups will feature designs created by customers with 13 distinct cups in stores starting tomorrow (November 10).

“We hope that this year’s red holiday cup designs express the shared spirit of the holidays as told by our customers,” said Sharon Rothstein, Starbucks global chief marketing officer.

For years Starbucks customers have been decorating their white cups (Starbucks even held a contest to support this creativity). Taking a cue from customers who had been using their red holiday cups as a canvas, last December Starbucks invited customers to share their designs on Instagram.

From Illinois to Indonesia, Pennsylvania to Korea, Dubai to Ontario, in just eight days, Starbucks received more than 1,200 individual submissions from 13 countries. Many of the images were featured in an online cup collection.

“We were surprised and inspired by the amount of incredible art submitted by our customers. The designs were beautiful, expressive and engaging,” said Dena Blevins, creative director, Starbucks Global Creative Studio. “We quickly realized there was potential to use the customer-created art for our holiday cups.”

Related: Meet the Customers Who Designed Starbucks 2016 Red Cups

The Starbucks Creative team printed each design posted to social channels and noticed the themes that began to emerge – graphic, inspirational, intricate, seasonal, typographic. No customer names were included, just a photo of the cup that was submitted.

“We loved how the red cups with white designs naturally created a collection,” Blevins said. “They hang together as one idea, but each expression is unique.”

Next, the Starbucks team asked a small group of customers to mail in their cup so that it could be evaluated for potential production. The team worked to honor the artists and the integrity of their artwork, making as few changes as possible to the original.

In the end, 13 customer designs were selected from six countries to represent the collective spirit of the holidays around the world. Their designs will be showcased on the holiday cups served in the more than 25,000 Starbucks stores in 75 countries.

“People will be walking around the street in Shanghai, New York and London carrying these cups,” Blevins said. “We love that this year our customers’ artistry can play a part in brightening someone’s day.”

Media contact:

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

Source: Starbucks


Carrefour Romania opens new hypermarket in Veranda shopping centre, Bucharest

Romania, 2016-Nov-12 — /EPR Retail News/ — On 27 October, Carrefour Romania opened a new hypermarket in the Veranda shopping centre, Bucharest. The Veranda Carrefour hypermarket is Bucharest’s 12th, and the country’s 31st overall. The new store boasts a sales area of 7500 m² and a car park with space for 1200 cars. It employs 330 people.

A modern shopping experience
Carrefour Veranda has a number of new features – including a special Snack area where customers can relax while dining in a pleasant environment, enjoying Carrefour’s own brand products. This area extends from within the store to just outside it in the shopping centre. Customers can sit down at tables and spend time with their friends and families.
For the hypermarket’s busier customers or for the elderly who might need help with their shopping,there is a free home delivery services.

Customers can also try the new Carrefour Pay app at the Carrefour Veranda hypermarket. Available for Android and iOS, they can use it to check prices in the store and then pay for their shopping directly at the checkout using their smartphones.

For all request about the Carrefour Group (sales, financial results, governance, international,…), please contact the Carrefour Group media relations office:

. By phone:

Switchboard: +33 (0)1 41 04 26 00

For journalists: +33 (0)1 41 04 26 17

. By e-mail: presse_groupe@

Source: Carrefour Group

Carrefour launches Graduate Manager and Graduate Digital programmes for talented young people

Boulogne-Billancourt, FRANCE, 2016-Nov-12 — /EPR Retail News/ — Carrefour is enhancing the training pathways of young high-potential graduates via its Graduate Manager and Graduate Digital programmes.

Once they have completed their three-year training courses (including one year abroad), these young managers will spend several months working full-time in a French technology start-up company. Carrefour ensures that innovation and digital technologies are central to its human resources strategy and policy – it works closely alongside new company OSCARh, which provides managers from major companies with temporary mobility pathways working for start-ups.

Develop the entrepreneurial spirit
Carrefour has its sights set on hiring 30,000 young people under the age of 26 in 2016 (5500 employed on work-study programmes) and is committed to being a positive influence on the job market. This new initiative is an example of its commitment. Thirteen young Carrefour managers will spend three months working full-time in 13 different French start-ups. They will be involved in helping these companies to grow and will be given tasks to do with their marketing strategies, their business development strategies and their organisational structures. “The corporate world is constantly changing; as the leading private employer in France, we are committed to being at the forefront of innovation at all levels. By providing our young graduates with immersive traineeships working with start-up companies, they get real opportunities to better understand this digital ecosystem which nowadays is a key aspect of Carrefour’s operation”, says Isabelle Calvez, Head of Human Resources for Carrefour France.

Support the growth of small French tech companies
To help them acquire new expertise, Carrefour has decided to place these talented young people with thirteen start-up companies. Some of them are involved in developing innovative new social and environmental solutions, such as “OptiMiam” – an application designed to reduce waste. It keeps its users informed in real time of special offers on surplus food stocks among retailers in the vicinity, and Carrefour is one of its partners. Another example is “I Wheel Share”, a platform that people can use to map and share venues and events that are suitable for people with reduced mobility.  Others provide new services, such as “Mobeye” – an application that invites customers to fill in short questionnaires while they shop. In exchange, they get discounts. And then there is “Coephe” – a platform specialised in opening, fitting out and managing pop-up stores.

Carrefour’s Graduate Manager and Graduate Digital programmes – springboards for talented young people
Carrefour’s Graduate Manager and Graduates Digital programmes take on around twenty high-potential young graduates every year from France’s prestigious management and engineering institutes. These young people get customised support over several years. This very quickly

For all request about the Carrefour Group (sales, financial results, governance, international,…), please contact the Carrefour Group media relations office:

. By phone:

Switchboard: +33 (0)1 41 04 26 00

For journalists: +33 (0)1 41 04 26 17

. By e-mail: presse_groupe@

Source: Carrefour Group

Macy’s, Inc. to enhance its real estate portfolio value with Brookfield Asset Management partnership

CINCINNATI, 2016-Nov-12 — /EPR Retail News/ — Consistent with its previously announced strategy, Macy’s, Inc. (NYSE:M) today (Nov. 10, 2016) announced it is forming a strategic alliance with Brookfield Asset Management, a leading global alternative asset manager, to create increased value in its real estate portfolio.

Brookfield’s investments in real estate span all major sectors – retail, office, multi-family, industrial and hospitality. Brookfield is one of the few firms with both the capital and the operating capability required for this type of partnership. Together, the companies believe they will be able to realize the development potential of Macy’s portfolio.

(Editor’s Note: Macy’s, Inc. today also issued a separate news release announcing third quarter 2016 earnings, reaffirming full-year 2016 EPS guidance and raising full-year sales guidance.)

Under the alliance, Brookfield will have an exclusive right for up to 24 months to create a “pre-development plan” for each of approximately 50 Macy’s real estate assets, with an option for Macy’s to continue to identify and add assets into the alliance. These assets primarily include owned and ground- leased stores and associated land, most of which are located in malls not owned by major mall owners. The breadth of opportunity within the portfolio ranges from the additional development on a portion of an asset (such as a Macy’s-controlled land parcel adjacent to a store) to the complete redevelopment of an existing store.

“We have real estate assets with significant value creation opportunities, and we believe that partnering with a leading global real estate investor like Brookfield is the best way to unlock the potential of those assets,” said Terry J. Lundgren, Macy’s, Inc. chairman and chief executive officer. “The Brookfield alliance strengthens our ability to improve the customer shopping experience by giving us greater flexibility to invest in our most productive and highest-potential locations, and to make the most of our real estate assets, or portions of them.”

“We are pleased to partner with Macy’s on this important initiative,” said Brian Kingston, CEO, Brookfield Property Group. “The Macy’s portfolio includes some of the highest quality real estate in the United States and we look forward to working closely with them to unlock value for their shareholders and enhance the shopping experience for their customers.”

The Brookfield alliance is part of Macy’s previously-announced strategy to generate value from its real estate portfolio consistent with the company’s commitment to stores as a critical element of its long-term omnichannel strategy and its balance sheet objectives. The company is also exploring options for its flagship stores and closing approximately 100 full-line Macy’s stores due to underperformance or because the value of the real estate exceeds the value to Macy’s as a retail store location.

Eastdil Secured and Goldman, Sachs & Co. acted as financial advisors to Macy’s.

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers, with fiscal 2015 sales of $27.079 billion. The company operates about 880 stores in 45 states, the District of Columbia, Guamand Puerto Rico under the names of Macy’s, Bloomingdale’s, Bloomingdale’s Outlet, Macy’s Backstage and Bluemercury, as well as the macys.com, bloomingdales.com and bluemercury.com websites. Bloomingdale’s in Dubai is operated by Al Tayer Group LLC under a license agreement.

All statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Macy’s management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including conditions to, or changes in the timing of, proposed real estate and other transactions, prevailing interest rates and non-recurring charges, store closings, competitive pressures from specialty stores, general merchandise stores, off-price and discount stores, manufacturers’ outlets, the Internet, mail-order catalogs and television shopping and general consumer spending levels, including the impact of the availability and level of consumer debt, the effect of weather and other factors identified in documents filed by the company with the Securities and Exchange Commission.

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


Holly Thomas

Matt Stautber

Source: Macy’s, Inc.

Appliances, Electronics and Furniture Retailer hhgregg Announces Black Friday Doorbusters

Indianapolis, IN, 2016-Nov-11 — /EPR Retail News/ — hhgregg (NYSE: HGG), a leading appliances, electronics and furniture retailer, announced their Black Friday doorbuster deals today, giving shoppers the opportunity to find great savings on the most trusted brands beginning online on Thanksgiving, followed by in store starting at 7 a.m. on Black Friday.

“While spending Thanksgiving at home with family and friends, shoppers can score unbelievable bargains on hhgregg.com,” said Bob Riesbeck, CEO of hhgregg. “Then we’re looking forward to bringing back the excitement of Black Friday the following morning, with the hottest deals on big ticket items like TVs, appliances and furniture as well as gifts for the whole family.”

Top Black Friday TV Doorbusters 

  • 40″ 1080p LED HDTV for $129.99
  • 55″ 4K Ultra High Definition TV for $299.99
  • 58″ Samsung 1080p LED Smart HDTV for $429.99
  • 65″ LG 4K HDR Ultra HD webOS 3.0 Smart TV with FREE Blu-ray player for $799.99

Top Black Friday Electronics Doorbusters 

  • Amazon Fire 8GB Tablet for $33.33
  • Beats Tour 2 In-Ear Headphones with mic for $49.99 ($80 savings)
  • Fitbit Activity & Sleep Tracker Wristband for $59.99
  • HP Laptop with Intel Core i3 Processor for $279.99

Top Black Friday Appliance Doorbusters

  • Amana Washer and Dryer $549.99 for the pair
  • Your Choice for only $399.99 –  Whirlpool Top-Load Washing Machine, Whirlpool Electric Dryer, Maytag Top-Load Washing Machine, or Maytag Steam Electric Dryer
  • LG Stainless Steel French Door Refrigerator for $999.99
  • Frigidaire Stainless Steel 4-piece Kitchen Package for $1499.99 (savings of $910)

Top Black Friday Home Products Doorbusters

  • 50% off Recliners
  • Serta Perfect Sleeper Queen Mattress with Sertapedic Adjustable Base for only $999.99
  • 26,500 BTU Gas Grill for $69.99
  • 700-Watt Countertop Microwave Oven for $29.99 (50% off)

In addition to the overall savings and doorbusters, customers can enjoy:

Plus, with hhgregg’s Holiday Gift Card Giveaway Sweepstakes shoppers can enter for a chance to win up to $1000 gift card, with winners drawn twice per week until Thanksgiving.

To see hhgregg’s full Black Friday ad, visit hhgregg.com/black-friday-ad, or follow hhgregg on Twitter at @hhgregg or Facebook at facebook.com/hhgregg for the latest on holiday deals.

ABOUT hhgregg
Founded in 1955, Indianapolis-based hhgregg is a multi-regional retailer with 220 brick-and-mortar stores in 19 states. hhgregg’s product assortment includes market-leading brands in home appliances, consumer electronics and technology, along with high-quality furniture products for the home. The retailer’s locations and online presence (hhgregg.com) give consumers nationwide access to global and local lifestyle and home products. Find hhgregg on Facebook at facebook.com/hhgregg and on Twitter at @hhgregg.

Media Contact:
Sarah Davis
(312) 240-3176


SOURCE: hhgregg

Related Links


Premiala Announces 100 Reviews and ongoing satisfaction with its Meat Injector

LONDON, United Kingdom, 2016-Nov-11 — /EPR Retail News/ — Premiala BBQ and Kitchenware announced its Meat Injector has reached a milestone of the publication of 100 independent reviews of on Amazon in Canada.  This is in addition to over 300 reviews in USA and ongoing positive results in Europe. A meat injector is commonly used at Thanksgiving for injecting marinade into meat to improve the flavor of turkey and reduce dryness.

“As North America prepares for Thanksgiving, our thoughts turn to ways to get the best tasting turkey on the table”, General Manager Greg Carder advised today. “This milestone means the buying public can have confidence that the Premiala Meat Injector will do what it claims.  In particular, it’s a great result to be the first Meat Injector manufacturer in Canada to reach 100 reviews, all of them positive”.

Premiala supplied these examples of independent customer reviews on their product from USA and similar comments from Canadian buyers:

“This a high quality injector! Awesome Customer Service!” – Paul, Nov 2016

“I’ve had cheap ones that broke; this meat injector is made of the highest quality, period! Thank you for such a great product” – Thomas Hibbert Snr, Oct 2016

“Beautifully presented and obviously top quality materials. Does the job perfectly and excellent follow up by supplier. If you are looking for something like this then I can’t recommend this brand more highly.” – Mick Bobin, September 2016

Premiala’s meat injector includes two long needles for injecting solid or liquid marinades into large cuts of meat such as turkey, chicken or beef, and also comes with a thin needle for injecting thinner cuts of meat such as steak and kebabs.  Premiala claim one of the benefits of their meat injector is that it’s the only unit available using 100% food-safe stainless steel for every component which comes into contact with food – most other products use cheaper materials such as aluminum and brass for certain components to cut costs.  Other features of the meat injector are the inclusion of several spare silicone o-rings to provide maximum lifespan for the injector, an e-book containing detailed usage instructions and a range of recipes, as well as a lifetime warranty.

Premiala’s USA product catalog is available online, while more information about the Meat Injector is available from the manufacturer’s Facebook page.

About Premiala BBQ and Kitchenware: Premiala BBQ and Kitchenware aims to provide premium quality BBQ and kitchen tools to home and professional users.  It believes better health and well-being can be achieved by using premium tools, by providing superior results and greater user satisfaction while working.


Greg Carder
General Manager
Premiala Ltd

Award-winning Louis Delaunay champagne on sale at Tesco for £9

CHESHUNT, England, 2016-Nov-11 — /EPR Retail News/ — An award-winning champagne will go on sale at Tesco for £9 this week so customers can benefit from an affordable but high quality Christmas.

Louis Delaunay champagne will be available at the new price in large stores across the UK from today (November 10) for a limited period.

Last year, the quality bubbly won a silver medal at the International Wine & Spirit Competition – an event considered the Oscars for the wine and champagne industry.

The champagne, which normally retails at £14, is so popular throughout the year that it is one of the supermarket’s top five selling bottles of bubbly.

Tesco champagne buyer Rob Dixon said:

“With the festive season just around the corner, we know that there can be a lot of pressure on people’s purse strings.

“Offering a high quality, award-winning champagne at such good value, will hopefully help shoppers spread the cost of Christmas and get one of the most popular purchases out of the way. It will also help them become the perfect hosts at Christmas.”

There’s also more good news for customers wanting to treat themselves to a touch of luxury for less, with Tesco offering:

  • A 400g whole cooked frozen lobster for £6
  • Wagyu beef  burgers for £3
  • Large whole black tiger prawns for £8
  • Two whole frozen sea bass for £5
  • 12 soufflettes for £4
  • 32 Belgian chocolate profiterole stack £5

Louis Delaunay champagne will be on sale in nearly 800 Tesco Extra stores, Superstores and some Metros for £9 until Saturday November 12.

Note to editors:

The Profiteroles will be available from November 11.

The lobster, seabass, prawns and lobster are part of Tesco’s core range. The Wagyu beef burgers have a limited availability, so when they’re gone, they’re gone.

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

Amazon: Ningún Escocés Verdadero by Ana Ballabriga and David Zaplana won the Third Indie Literary Prize for Spanish-language

  • More than 1,400 authors from 39 countries participated using Amazon’s self-publishing service Kindle Direct Publishing (KDP)
  • Ningún Escocés Verdadero, by Ana Ballabriga and David Zaplana, from Cartagena, Spain, will be published globally in Spanish by Amazon Publishing, and translated into English and published globally by AmazonCrossing in digital, print and audio formats

SEATTLE, 2016-Nov-11 — /EPR Retail News/ — Amazon today (Nov. 10, 2016) announced that Ana Ballabriga and David Zaplana, with their title Ningún Escocés Verdadero—a thriller that involves religion, mystery, art and deception—have won the Third Indie Literary Prize for Spanish-language authors worldwide. From July 1 to August 31, more than 1,400 authors from 39 countries entered the contest by uploading their titles to Amazon’s Kindle Direct Publishing (KDP) (https://kdp.amazon.com). The top countries participating were Spain, Mexico, Venezuela, the U.S. and Argentina, and the books were sold to customers in 71 different countries. To be eligible for the contest, the stories had to be original, unpublished works written in Spanish, and exclusive to Kindle through enrollment in KDP Select. After selecting five finalists, submissions were carefully reviewed by a panel of judges to determine the winning title.

Ningún Escocés Verdadero tells the story of Elías, a private investigator specializing in art-related crimes, who is hired by the Spanish Bishop of Murcia to search for the Cross of Caravaca, stolen in the year 1934. His mission is to restore it in time for an upcoming visit from the Pope. At the same time, Elías is tasked with acquiring a mysterious painting, which also goes missing soon after he purchases it in an auction in Madrid. From there, he meets an enigmatic and beautiful woman who will lead him down a dangerous path to the truth.

“Hope, excitement, restlessness, joy, anxiety and happiness. We have gone through all these emotions throughout the contest, since we submitted the novel until we learned we were the winners,” said authors Ana Ballabriga and David Zaplana. “We know where we came from and how hard it was to get here, so now the future seems like a wonderful place.”

“For the third year in a row, we were amazed by the talent participating in the Indie Literary Prize for Spanish-language. It is great to be able to bring amazing characters such as the ones in the thriller Ningún Escocés Verdadero to a broader audience for Spanish readers and, in the future, to English readers as well,” said Charles Kronbach, Director, Kindle Direct Publishing. “This initiative is a great way to make new books available to our growing Spanish-speaking customers worldwide. The incredible engagement we see every year, both in terms of authors and readers, confirms that there are many more books out there that haven’t had a chance to be read and there are millions of readers eager to discover new stories.”

Contest ambassador and best-selling author Ismael Cala, said, “Winning a contest is not a matter of luck, but talent and perseverance. I congratulate the winning authors, the finalists, and all of the participants. Whatever the outcome, all of them have written a book and have made it available to others under the auspices of Amazon. The accomplishment is collective and our history is being added to day by day.”

Ningún Escocés Verdadero will be published globally in Spanish by Amazon Publishing, and translated into English and published globally by AmazonCrossing in digital, print and audio formats. Ana Ballabriga and David Zaplana are now part of the group of winners of Amazon’s Indie Literary Prize for Spanish-Language, which also includes Myriam Millán, winner of the prize in 2015 with her book La hija del Dragón; and Jorge Magano, 2014 winner with his title La mirada de piedra. Complete information on the contest, participating titles and terms and conditions can be found at: www.amazon.com/concursoindie.

KDP is a free and seamless way for writers and publishers to make their eBooks available to Kindle readers around the world. Titles enrolled in the contest are available in full in the Kindle Store and most of them are also available for free for Kindle Unlimited customers. All Kindle Books can be read on Kindle e-readers and Fire tablets, and free Kindle reading apps for computers, iOS and Android smartphones and tablets.

About Amazon

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

Media Hotline:


Source: Amazon

Nordstrom, Inc. announces net sales for 3Q 2016 increased 7.2 percent vs same period last year

Continued Improvements in the Company’s Operating Model

SEATTLE, 2016-Nov-11 — /EPR Retail News/ — Nordstrom, Inc. (NYSE: JWN) today (Nov. 10, 2016) reported third quarter results on an operational basis that exceeded expectations, reflecting continued strength in inventory and expense execution. Total Company net sales for the third quarter increased 7.2 percent and comparable sales increased 2.4 percent, compared with the same period last year. This includes a favorable comparison resulting from one week of the Anniversary Sale, historically the Company’s largest event of the year, shifting into the third quarter. Combined second and third quarter comparable sales, which removes the impact of the event shift, increased 0.4 percent compared with the same period last year.

“We’ve made considerable changes in the way we operate to improve the customer experience while increasing our productivity,” said Blake Nordstrom, co-president, Nordstrom, Inc. “We are particularly proud of our team’s efforts to align inventories and improve our operating efficiencies. These outcomes have positively impacted our operating results.”

Third quarter results included a non-cash goodwill impairment of $197 million related to Trunk Club, which the Company acquired in 2014. While this business continues to deliver outsized top-line growth, current expectations for future growth and profitability are lower than initial estimates. To further improve the customer experience and better position Trunk Club’s business for profitable growth, the Company is making a number of operational changes.

The Company reported loss per diluted share for the third quarter ended October 29, 2016 of $0.06 and revised its fiscal year 2016 outlook to $1.70 to $1.80. Excluding the impairment charge, the Company reported third quarter adjusted earnings per diluted share of $0.84 and raised its fiscal year 2016 outlook for adjusted earnings per diluted share to $2.85 to $2.95 to incorporate third quarter results.


  • Third quarter net loss was $10 million and earnings before interest and taxes (EBIT) was $55 million, or 1.6 percent of net sales, compared with net earnings of $81 million and EBIT of $155 million, or 4.8 percent of net sales, during the same period in fiscal 2015.
    • Retail EBIT decreased $126 million compared with the same quarter last year due to the impairment charge of $197 million, partially offset by continued sales growth.
    • Credit EBIT increased $26 million, which primarily reflected transaction costs incurred in 2015 associated with the sale of the credit card portfolio.
  • Total Company net sales of $3.5 billion for the third quarter increased 7.2 percent compared with net sales of $3.2 billion during the same period in fiscal 2015. Total Company comparable sales for the third quarter increased 2.4 percent.
    • In the Nordstrom brand, including U.S. and Canada full-line stores and Nordstrom.com, net sales when combined with Trunk Club, increased 2.4 percent and comparable sales increased 0.9 percent.
    • Across U.S. full-line stores and Nordstrom.com, the top-performing merchandise categories were Women’s Apparel and Men’s Apparel. The younger customer-focused departments in Women’s Apparel continued to outperform, reflecting strength in denim and collaborations with new and emerging limited distribution brands. The West was the top-performing geographic region.
    • In the Nordstrom Rack brand, which consists of Nordstrom Rack stores and Nordstromrack.com/HauteLook, net sales increased 10.1 percent and comparable sales increased 3.9 percent. The East was the top-performing geographic region.
  • Retail gross profit, as a percentage of net sales, of 34.8 percent increased 93 basis points compared with the same period in fiscal 2015. This reflected strong inventory execution, which resulted in net sales growth outpacing inventory growth, in addition to leverage of buying and occupancy costs.
  • Selling, general and administrative expenses, as a percentage of net sales, of 29.6 percent decreased 218 basis points compared with the same period in fiscal 2015. This was primarily due to transaction costs incurred in 2015 associated with the sale of the credit card portfolio in addition to the shift in sales volume from the Anniversary Sale resulting in expense leverage. Expense performance exceeded the Company’s expectations by approximately 70 basis points, reflecting ongoing progress to improve operational efficiencies.
  • During the quarter ended October 29, 2016, the Company recognized approximately $10 million in tax benefits related to the resolution of certain federal income tax issues. The impact to the quarter is estimated to be $0.06 per share.
  • To build on the success of the Nordstrom Rewards loyalty program, the Company expanded its program in the second quarter to enable all customers to earn benefits regardless of how they choose to pay. Through this expanded program, the Company has more than 7 million active Rewards customers in the U.S. and Canada, up over 40 percent, from approximately 5 million a year ago. Sales from Nordstrom Rewards customers represented 45 percent of third quarter sales, compared with 39 percent a year ago.
  • During the nine months ended October 29, 2016, the Company repurchased 1.9 million shares of its common stock for $93 million. A total capacity of $718 million remains available under its existing share repurchase board authorization. The actual number, price, manner and timing of future share repurchases, if any, will be subject to market and economic conditions and applicable Securities and Exchange Commission (“SEC”) rules.
  • Return on invested capital (“ROIC”) for the 12 fiscal months ended October 29, 2016 was 7.2 percent compared with 11.4 percent in the prior 12-month period. This decrease was primarily due to a 340 basis point impact from the non-cash goodwill impairment of Trunk Club. A reconciliation of this non-GAAP financial measure to the closest GAAP measure is included below. Additionally, the impact of the impairment on ROIC is quantified.


The Company’s senior management will host a conference call to discuss third quarter 2016 results and fiscal 2016 outlook at 4:45 p.m. Eastern Standard Time today. To listen to the live call online and view the speakers’ prepared remarks and the conference call slides, visit the Investor Relations section of the Company’s corporate website at http://investor.nordstrom.com. An archived webcast with the speakers’ prepared remarks and the conference call slides will be available in the Quarterly Earnings section for one year. Interested parties may also dial 201-689-8354. A telephone replay will be available beginning approximately three hours after the conclusion of the call by dialing 877-660-6853 or 201-612-7415 and entering Conference ID 13648454, until the close of business on November 17, 2016.


Nordstrom, Inc. is a leading fashion specialty retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 348 stores in 40 states, including 123 full-line stores in the United States, Canada and Puerto Rico; 215 Nordstrom Rack stores; two Jeffrey boutiques; and two clearance stores. Additionally, customers are served online through Nordstrom.com, Nordstromrack.com and HauteLook. The Company also owns Trunk Club, a personalized clothing service serving customers online at TrunkClub.com and its six clubhouses. Nordstrom, Inc.’s common stock is publicly traded on the NYSEunder the symbol JWN.

Certain statements in this news release contain or may suggest “forward-looking” information (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties including, but not limited to, anticipated financial outlook for the fiscal year ending January 28, 2017, anticipated annual total and comparable sales rates, anticipated new store openings in existing, new and international markets, anticipated Return on Invested Capital and trends in our operations. Such statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual future results may differ materially from historical results or current expectations depending upon factors including, but not limited to: successful execution of our customer strategy, including expansion into new domestic and international markets, acquisitions, investments in our stores and online as well as investments in technology, our ability to realize the anticipated benefits from growth initiatives and our ability to provide a seamless experience across all channels; timely and effective execution of our ecommerce initiatives and ability to manage the costs and organizational changes associated with this evolving business model; timely completion of construction associated with newly planned stores, relocations and remodels, all of which may be impacted by the financial health of third parties; our ability to maintain relationships with our employees and to effectively attract, develop and retain our future leaders; effective inventory management processes and systems, fulfillment processes and systems, disruptions in our supply chain and our ability to control costs; the impact of any systems failures, cybersecurity and/or security breaches, including any security breach of our systems or those of a third-party provider that results in the theft, transfer or unauthorized disclosure of customer, employee or Company information or compliance with information security and privacy laws and regulations in the event of such an incident; successful execution of our information technology strategy; our ability to effectively utilize data in strategic planning and decision making; efficient and proper allocation of our capital resources; our ability to realize the expected benefits, respond to potential risks and appropriately manage costs associated with our program agreement with TD; our ability to safeguard our reputation and maintain our vendor relationships; our ability to respond to the business environment, fashion trends and consumer preferences, including changing expectations of service and experience in stores and online, and evolve our business model; the effectiveness of planned advertising, marketing and promotional campaigns in the highly competitive retail industry; the timing, price, manner and amounts of share repurchases by the Company, if any, or any share issuances by the Company, including issuances associated with option exercises or other matters; the impact of economic and market conditions and the resultant impact on consumer spending patterns; weather conditions, natural disasters, health hazards, national security or other market disruptions, or the prospects of these events and the resulting impact on consumer spending patterns; our compliance with applicable domestic and international laws, regulations and ethical standards, including those related to banking, employment and tax and the outcome of claims and litigation and resolution of such matters; the impact of the current regulatory environment and financial system and health care reforms; and compliance with debt covenants, availability and cost of credit, changes in our credit rating, changes in interest rates, debt repayment patterns and personal bankruptcies. Our SEC reports, including our Form 10-K for the fiscal year ended January 30, 2016, and our Form 10-Q for the fiscal quarters ended April 30, 2016 and July 30, 2016, contain other information on these and other factors that could affect our financial results and cause actual results to differ materially from any forward-looking information we may provide. The Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.

Trina Schurman

Tara Darrow

Source: Nordstrom, Inc.

Sears launches “Elf Tested. Santa Approved.” campaign for the holiday shopping season

Hundreds of doorbusters online, in-store, including 100 percent back in Shop Your Way points on Black Friday ad cover deals

HOFFMAN ESTATES, Ill., 2016-Nov-11 — /EPR Retail News/ — Sears has kicked off the holiday shopping season with “Elf Tested. Santa Approved.” – an in-store and online campaign that embraces the fun and magic of the season, while featuring unique savings opportunities, including an unprecedented Thanksgiving/Black Friday offer: 100 percent back in Shop Your Way points on all doorbusters found on the front and back covers of its Black Friday ad – up to $50 in points per member.

Sears stores will open on Thurs., Nov. 24 from 6 p.m. to midnight. Some stores will be closed on Thanksgiving. All stores will open at 5 a.m. on Black Friday, Nov. 25.* For local store hours, shoppers can visit Sears.com/stores.


All doorbusters will be available online at sears.com all-day on Thanksgiving, and in-store and online until 1 p.m. on Black Friday, while supplies last. Shoppers can preview Sears’ highly anticipated Black Friday ad on the Sears app (downloadable at sears.com/mobile), and online at sears.com. Top doorbuster deals include:

  • Get the Kenmore 4,5 cu. ft. Front-Load Washer and the Kenmore 7.3 cu. ft. Dryer w/ Sensor Dry for $424.99 each when you buy the pair; reg. priced at $939.99 each
  • Save 54% on the Kenmore 4.2 cu. ft. Freestanding Gas Range w/ Broil & Serve now priced at $389.99; reg. priced $849.99
  • Save 50% on the Craftsman 270-pc Mechanic’s Tool Set now priced at $149.99; reg. priced at $299.99
  • Save $300 on the Craftsman 22-in Dual Stage Snow Thrower at $399.99; reg. priced at $699.99
  • Save $900 off your choice of the NordicTrack C 950i Treadmill now priced at $599.99; reg. priced at $1,499.99 or $1,000 off the NordicTrack Elite 10.9 Elliptical now priced at $599.99; reg. priced at $1,599.99
  • All DieHard® industrial boots on sale for $49.99; reg. priced at $105-$110
  • Save with sale-priced $9.99 Roebuck & Co. jeans for men and boys and Bongo juniors; reg. priced at $24-$39
  • Save with sale-priced $6.99 Joe Boxer sleep pants for him and her; reg. priced at $24-$30
  • Get women’s fashion booties and puffer boots for $14.99; reg. priced at $39.99
  • Save $100 on the KitchenAid 5-qt. Stand Mixer with Bowl Lift; reg. priced $299.99
  • All gold jewelry 80% off PLUS an extra 20% off

Convenient and Rewarding Shopping
Sears will offer more shopping conveniences than ever to help members find the perfect holiday gifts and earn rewards both in-store and on-the-go all season long.

  • Free Personal Shoppers– A perk of Shop Your Way membership, personal shoppers make custom gift recommendations based on a member’s style and preferences. There’s even a personal shopper app that allows members to connect on the go. For a limited time, members get a coupon for $5 in points to use on their next qualifying purchase of $25 or more when they sign up for a personal shopper at syw.co/PersonalShopper.
  • More Rewards – Now through Dec. 24, Sears credit card holders receive 10 percent back in points on each qualifying purchase with their Sears card, reward points expire Jan. 28, 2017 (valid opt-in email required). Sears will announce more savings events and exclusive shopping opportunities for its Shop Your Way members later in the season.
  • Sears Mobile App–The Sears app lets members quickly find the right products and compare features, prices and user reviews; find deals, get eCoupons, and make the most of Shop Your Way points; make purchases, track orders, manage layaway, and access free shopping conveniences like Free Store Pickup, In-Vehicle Pickup and free in-store shipping. Back this year is the popular Wheel of Fortune® Holiday Puzzler game – exclusively available now on the Sears app. Sears is giving away $1,000 in Sears gift cards to game winners daily through Dec. 9.
  • In-Vehicle Pickup, Return and Exchange in Five– A busy holiday shopper’s best friend – using the Sears app members can pick up, return or exchange their online purchases for free – guaranteed in five minutes or less – without ever leaving their vehicle.
  • Anyone, Anywhere Pickup– Purchase gifts online and have friends or family pick them up at a local Sears or Kmart in a different city, for free.
  • Free Shipping – Sears offers free shipping on any order $35 or more, and Shop Your Way Max members get two-day free shipping on qualifying online orders. Online shoppers can bypass shipping altogether by choosing Free Store Pickup then visiting their local Sears where the order is ready in five minutes or less, guaranteed. Sears also offers free shipping on orders placed while in-store (when location services are enabled).
  • Expanded Free Store Pickup– An online and in-store collaboration that enables members to pick up sears.com or kmart.com orders at any of each other’s stores – more than 1,700 locations nationwide.
  • Meet With An Expert – Members shopping for home appliances, mattresses and lawn and garden equipment can seamlessly take their online research in store to get expertise from a knowledgeable associate. If still undecided, the associate will email a shopping recap that shows detailed information they discussed with the member in-store so they can pick up where they left off at their convenience later online.
  • 2016 Online Holiday Gift Guide – Shoppers can easily find the perfect gift for everyone on their list with a revamped holiday gift guide at Sears.com/gifts, featuring handpicked gift favorites across multiple product categories and price points.

Sears’ “Elf Tested. Santa Approved.” campaign has also come to life via a humorous digital video content series launching today called ElfTV. The series will feature more than two dozen lighthearted, whimsical and irreverent ad shorts centered around Santa’s helpers, revealing just what those elves are up to when they’re not busy in Santa’s workshop. Subscribe to Sears’ YouTube page at youtube.com/Sears to view them all and join the holiday conversation on social media using #ElfTested.

About Sears, Roebuck and Co.
Sears, Roebuck and Co., a wholly owned subsidiary of Sears Holdings Corporation (NASDAQ: SHLD), is a leading integrated retailer providing merchandise and related services and is part of Shop Your Way, a social shopping experience where members have the ability to earn points and receive benefits across a wide variety of physical and digital formats through shopyourway.com. Sears, Roebuck offers its wide range of home merchandise, apparel and automotive products and services through Sears-branded and affiliated full-line and specialty retail stores in the United States and Canada. Sears, Roebuck also offers a variety of merchandise and services through sears.com, landsend.com and specialty catalogs. Sears, Roebuck offers consumers leading proprietary brands including Kenmore, Craftsman, and DieHard — among the most trusted and preferred brands in the U.S. The company is the nation’s largest provider of home services, with more than 14 million service and installation calls made annually. For more information, visit the Sears, Roebuck website at www.sears.com or the Sears Holdings Corporation website at www.searsholdings.com.

*Stores in Maine, R.I., Mass. and certain other stores open midnight 11/25/16 or later.


Brian Hanover
Sears PR

Kamal Bosamia
Zeno Group for Sears
312-527-2SHC (2742)

SOURCE: Sears, Roebuck and Co.

Hannaford Supermarkets launch charitable campaign, Hannaford Helps Fight Hunger

SCARBOROUGH, Maine, 2016-Nov-11 — /EPR Retail News/ — Hannaford Supermarkets today (November 10, 2016) announced the 2016 launch of Hannaford Helps Fight Hunger, a charitable campaign focused on helping feed individuals who do not have access to enough nutritious food.

Hannaford Helps Fight Hunger is a partnership between the supermarket and its customers in Maine, New Hampshire, Vermont, Massachusetts and New York to provide food and monetary donations to local pantries and regional food banks. Donations benefit the nearly one in seven Americans – 42.2 million people — who do not have access to all the nutritious food they need.

Last year, Hannaford Helps Fight Hunger generated enough food and cash donations to purchase 679,000 meals for individuals at risk of going hungry in the Northeast.

“This program makes it convenient for Hannaford customers to support neighbors who are struggling,” said Eric Blom, company spokesman. “At a time when the need continues to grow, Hannaford Helps Fight Hunger allows people to make donations right at the supermarket and purchase food items that trigger matching donations by Hannaford.”

Hannaford Helps Fight Hunger has three parts:

Hannaford Helps Fight Hunger Boxes: Customers purchase a box of food staples for $10, and choose whether to have the box delivered to the local pantry or to donate it personally. With every box purchased, customers receive a coupon book containing $21 in coupons.
Register Donation: Throughout the month of December, customers may donate money to a local food pantry, in $5 increments, right at the register. Donors will receive a coupon book containing $21 in coupons.
Buy One, Give One: For four weeks, starting Nov. 20 customers can trigger Hannaford donations to food banks by purchasing a particular product on specific days. For each item purchased, Hannaford will donate an identical product to the state or regional food bank.

“Hannaford works all year to help fight hunger in the communities we serve, with regular donations, awareness efforts and other support,” Blom said. “We are particularly proud of the generosity shown by customers during the holiday season through Hannaford Helps Fight Hunger.”

Since 2008, Hannaford Helps Fight Hunger has contributed a total of more than $7.7 million in food, customer cash gifts and Hannaford cash donations to local food pantries and food banks.

About Hannaford Supermarkets
Hannaford Supermarkets, based in Scarborough, Maine, operates 179 stores in the Northeast. Stores are located in Maine, New York, Massachusetts, New Hampshire, and Vermont. Hannaford employs more than 27,000 associates. Additional information can be found at www.hannaford.com.

Eric Blom

Source: Hannaford Supermarkets

The Salvation Army’s bell ringers and holiday red kettle program starts at Schnuck Markets locations

St. Louis, MO, 2016-Nov-11 — /EPR Retail News/ — The Salvation Army and Schnuck Markets announced today (11.10.2016) that The Salvation Army’s bell ringers and iconic red kettles will be at Schnucks stores again this holiday season.

Schnucks is granting an exception to its no solicitation policy, allowing The Salvation Army to begin its holiday red kettle program November 18th and end December 24th at Schnucks locations.

“The warmth and generosity of the holidays is repeated over and over again through the joy of caring and sharing, and we are excited to be able to partner with Schnucks again this year to help families in our communities,” said Lt. Col. Dan Jennings, The Salvation Army Midland Divisional Commander. “Millions of dollars are donated each year to our kettles during the holidays to aid needy families, seniors, and the homeless. We encourage Schnucks customers to join us in our traditional red kettle program to help bring spiritual light and love to those we serve so that the real meaning of the holidays is not forgotten. I am pleased with this decision by Todd Schnuck and the Schnuck family. The Salvation Army Bell ringing is critical for us to reach the Tree of Lights campaign goal of $6.1 million.”

“We are honored to be working again with The Salvation Army to bring support and joy to families in need this holiday season,” said Todd Schnuck, Chairman and CEO, Schnuck Markets. “Our solicitation policy was reset earlier this year in response to customer feedback, but there was strong and unique community reaction to the impact it would have on The Salvation Army in particular.  We listened. In this specific, special case, we acknowledge the great needs of the community and The Salvation Army’s unique ability to address these needs and made an exception in our policy to welcome them back – bells, kettles and all – and hope the community will contribute to the Salvation Army when they shop at Schnucks.”

Schnucks is also working collaboratively with its charitable partners to implement new and creative options for customer contributions throughout the year.

Both The Salvation Army and Schnuck Markets wish their communities all the best for a happy and safe holiday season.

Media Contacts:

Paul Simon

Jack Wang
The Salvation Army

Source: Schnucks

SpartanNash Company reports 3Q 2016 financial results

  • Consolidated Net Sales Increased 1.4% Despite Prolonged Deflationary Environment
  • Reported Third Quarter EPS from Continuing Operations Improved $0.05 to $0.45 per Diluted Share; Adjusted Third Quarter EPS from Continuing Operations Improved $0.04 to $0.53 per Diluted Share
  • Announced Definitive Agreement to Acquire Caito Foods Service

Byron Center, MI, 2016-Nov-11 — /EPR Retail News/ — SpartanNash Company (the “Company”) (Nasdaq: SPTN) today (Nov 9, 2016) reported financial results for the 12-week third quarter and 40-week period ended October 8, 2016.

Third Quarter Results

Consolidated net sales for the 12-week third quarter increased to $1.80 billion from $1.78 billion in the prior year quarter, driven primarily by increases in the food distribution segment.

Reported operating earnings improved to $29.9 million from $29.2 million in the prior year quarter primarily due to sales growth at food distribution and lower operating expenses due in part to lower depreciation as well as productivity and efficiency initiatives, which offset the negative impact of deflation in all segments. Adjusted operating earnings improved to $35.1 million from $34.8 million in the prior year quarter.

Reported earnings from continuing operations for the third quarter increased to $16.7 million, or $0.45 per diluted share, from $15.2 million, or $0.40 per diluted share, in the prior year quarter. Reported earnings from continuing operations for the third quarter include a $0.02 per diluted share benefit associated with tax credits. Adjusted earnings from continuing operations for the third quarter increased to $20.1 million, or $0.53 per diluted share, from $18.6 million, or $0.49 per diluted share, in the prior year quarter. Current year adjusted earnings from continuing operations exclude net after-tax charges of $0.08 per diluted share primarily related to asset impairment and restructuring charges associated with the Company’s retail store rationalization plan as well as merger integration activities. Prior year adjusted earnings from continuing operations exclude net after-tax charges of $0.09 per diluted share primarily related to merger integration and acquisition expenses, as well as net restructuring and asset impairment charges. Adjusted earnings from continuing operations is a non-GAAP operating financial measure.

Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) was $53.4 million, or 3.0 percent of consolidated net sales, compared to $55.2 million, or 3.1 percent of consolidated net sales in the prior year quarter. Adjusted EBITDA is a non-Generally Accepted Accounting Principles (GAAP) financial measure. Please see the financial tables at the end of this press release for a reconciliation of net earnings to Adjusted EBITDA, and a reconciliation of each non-GAAP financial measure to the most directly comparable measure prepared and presented in accordance with GAAP.

“We are pleased with our ability to overcome the continued challenging economic conditions and prolonged deflationary environment to deliver third quarter sales and earnings growth,” stated Dennis Eidson, SpartanNash’s Chief Executive Officer. “These results reflect the strength of our strategy to provide innovative and impactful solutions for our food distribution and retail customers as we benefited from new customer supply agreements and our third consecutive quarter of improved retail comparable store sales trends. During the quarter, we continued to invest in our merchandising, pricing and promotional initiatives, including expanded produce and private brand product offerings, as well as the continued roll out of Open Acres™. We also celebrated the grand re-openings of our newly remodeled Omaha stores with encouraging results. In addition, we realized further benefits from our ongoing investments in our supply chain network.”

Gross profit margin for the third quarter was 14.2 percent compared to 14.6 percent in the prior year quarter primarily due to the mix of business operations and the impact of continued deflation.

Reported operating expenses for the third quarter decreased to $225.4 million, or 12.5 percent of sales, from $229.8 million, or 12.9 percent of sales, in the prior year quarter. Third quarter operating expenses would have been $220.2 million, or 12.2 percent of net sales, compared to $224.3 million, or 12.6 percent of net sales in the prior year quarter, if restructuring, asset impairment, and merger integration charges were excluded from both periods. The decrease as a rate to sales was primarily due to lower depreciation expense associated with fully depreciated assets and lower occupancy costs, as well as improved operating expense leverage resulting from sales growth and ongoing productivity and efficiency initiatives.

Food Distribution Segment

Net sales for the food distribution segment increased to $804.5 million from $762.3 million in the prior year quarter primarily due to new business gains as well as the growth of certain existing accounts, which more than offset the impact of continued deflation.

Reported operating earnings for the food distribution segment increased to $19.0 million from $16.5 million in the prior year quarter. Third quarter adjusted operating earnings increased to $19.8 million from $17.0 million in the prior year quarter. The increases were due to higher sales, supply chain improvements, and lower depreciation expense, partially offset by costs associated with a water main break, transition-related expenses associated with warehouse consolidation efforts, and continued deflation. Third quarter adjusted operating earnings exclude $0.8 million of net pre-tax charges primarily related to merger integration expenses. The prior year third quarter excludes $0.5 million of pre-tax charges related to merger integration and acquisition costs and other charges associated with cost reduction initiatives. Adjusted operating earnings is a non-GAAP operating financial measure. Please see the financial tables at the end of this press release for a reconciliation of operating earnings to adjusted operating earnings by segment.

Retail Segment

Net sales for the retail segment were $489.0 million in the third quarter compared to $507.2 million for the prior year quarter. Comparable store sales for the quarter, excluding fuel, improved to -1.8 percent from -3.0 percent in the second quarter. Despite the sequential improvements in comparable store sales as well as higher fuel gallons, the ongoing deflationary environment and continued challenging economic conditions, particularly in certain western geographies, contributed to the lower sales at retail. Specifically, the decrease in net sales was attributable to the negative comparable store sales, excluding fuel; $7.9 million in lower sales resulting from retail store closures; and $3.8 million due to lower retail fuel prices compared to the prior year.

Reported operating earnings in the retail segment were $8.0 million compared to $9.2 million in the prior year quarter. Adjusted operating earnings were $12.4 million compared to $13.2 million in the prior year quarter. Current year adjusted operating earnings exclude $4.4 million of pre-tax asset impairment and restructuring charges and merger integration expenses. The prior year third quarter excludes $4.0 million of pre-tax merger integration and acquisition costs, and net asset impairment charges. The decrease in adjusted operating earnings was primarily due to lower comparable store sales volumes and the impact of deflation, partially offset by favorable rebate programs, lower occupancy costs, and the impact of store closures.

During the third quarter, the Company opened one new fuel center and closed one store upon lease expiration, ending the quarter with 159 Company-owned retail stores, 79 pharmacies, and 30 fuel centers.

Military Segment

Net sales for the Company’s military segment increased to $506.6 million from $506.0 million in the prior year quarter. The increase was due to new business gains associated with the distribution of fresh products, partially offset by continued lower sales at the Defense Commissary Agency (DeCA) operated commissaries.

Reported operating earnings for the military segment were $2.9 million compared to $3.4 million in the prior year quarter. Third quarter adjusted operating earnings were $2.9 million compared to $4.5 million in the prior year period. In the prior year third quarter, adjusted operating earnings exclude $1.1 million of pre-tax restructuring and asset impairment charges primarily related to a facility closure. The decrease was primarily due to the lack of inflationary gains and a shift in the business mix.

Balance Sheet and Cash Flow

Cash flow provided by operating activities for the year-to-date period was $78.6 million, compared to $129.9 million in the comparable period last year, primarily due to customer advances to support sales growth and the timing of working capital requirements.

Long-term debt and capital lease obligations, including current maturities, were $494.4 million at October 8, 2016 compared to $486.8 million at January 2, 2016. Net long-term debt (including current maturities and capital lease obligations and subtracting cash) for the Company was $468.0 million as of October 8, 2016 compared to $464.1 million at January 2, 2016. The Company’s total net long-term debt-to-capital ratio is 0.4-to-1.0 and net long-term debt to Adjusted EBITDA is 2.0-to-1.0, which approximates the Company’s goal, as of October 8, 2016. Net long-term debt is a non-GAAP financial measure. Please see the financial tables at the end of this press release for a reconciliation of long-term debt and capital lease obligations to total net long-term debt and capital lease obligations.


Mr. Eidson continued, “While we anticipate continued deflationary pressure for the remainder of the year, we are confident that we will continue to improve our top line performance as we deliver value to our food distribution and retail customers through our solutions-focused approach and commitment to exceeding our customers’ expectations. We expect our targeted capital investments and enhancements to our merchandising, pricing and promotional strategies will offset some of the deflationary and competitive pressures in the retail segment. In our food distribution and military network, we continue to allocate resources to drive new business development, which will better enable us to pursue opportunities within the alternative channel space.”

The Company is narrowing its previously issued fiscal 2016 guidance of adjusted earnings per diluted share from continuing operations to approximately $2.09 to $2.16, excluding merger integration costs and other adjusted charges and gains, compared to $1.98 in the prior year. The Company anticipates that reported earnings from continuing operations will now be in the range of approximately $1.58 to $1.65 per diluted share, compared to $1.67 in the prior year. The guidance reflects the continuation of negative comparable retail store sales and the variability associated with deflation and its related positive impact on LIFO.

The Company expects capital expenditures for fiscal year 2016 to now approximate $72.0 million, with depreciation and amortization of approximately $76.0 million to $77.0 million, and total interest expense of approximately $18.0 to $19.0 million.

Recent Developments

On November 3, 2016, the Company entered into a definitive agreement to acquire certain assets of Caito Foods Service (“Caito”) and Blue Ribbon Transport (“BRT”) for $217.5 million in cash, in addition to reimbursing Caito for certain transaction costs and providing two earn-out opportunities that have the potential to pay the sellers an additional $12.4 million collectively if the business achieves certain performance targets. The purchase price will be funded with proceeds from the Company’s asset-based lending facility.

Founded in Indianapolis in 1965, Caito Foods Service is a leading supplier of fresh fruit and vegetables to grocery retailers and food service distributors across 22 states in the Southeast, Midwest and Eastern United States. Caito and BRT, which generate combined annual revenues in excess of $600 million, currently service customers from facilities in Indiana, Ohio and Florida. Caito also has a central fresh cut fruit and vegetable facility in Indianapolis and is completing construction on its new 118,000 square foot Fresh Kitchen facility, also in Indianapolis. The $32 million Fresh Kitchen will process, cook, and package fresh protein-based foods and complete meals; it is expected to be fully operational in the first quarter of 2017. The company offers temperature-controlled distribution and logistics services throughout North America through its affiliate Blue Ribbon Transport.

The acquisition will strengthen the Company’s product offerings to its existing customer base by expanding into the fast-growing freshly-prepared centerplate and side dish categories. The Company expects to close the acquisition by early January 2017, subject to regulatory approval and customary closing conditions.

Conference Call

A telephone conference call to discuss the Company’s third quarter of fiscal 2016 financial results is scheduled for 9:00 a.m. Eastern Time, Thursday, November 10, 2016. A live webcast of this conference call will be available on the Company’s website, www.spartannash.com/webcasts. Simply click on “For Investors” and follow the links to the live webcast. The webcast will remain available for replay on the Company’s website for approximately ten days.

About SpartanNash

SpartanNash (Nasdaq: SPTN) is a Fortune 400 company whose core businesses include distributing grocery products to independent grocery retailers, national accounts, its corporate owned retail stores, and U.S. military commissaries. SpartanNash serves customer locations in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 159 supermarkets, primarily under the banners of Family Fare Supermarkets, Family Fresh Market, D&W Fresh Market and Sun Mart. Through its MDV military division, SpartanNash is the leading distributor of grocery products to military commissaries in the United States.

Forward-Looking Statements

This press release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These include statements preceded by, followed by or that otherwise include the words “outlook,” “pipeline,” “optimistic,” “committed,” “anticipates,” “continue,” “expects,” “look forward,” “guidance,” “opportunities,” “position,” “focus,” or “plan” or similar expressions or that an event or trend “will” occur, or is “beginning.” Forward-looking statements relating to expectations about future results or events are based upon information available to SpartanNash as of today’s date, and are not guarantees of the future performance of the company, and actual results may vary materially from the results and expectations discussed. Additional risks and uncertainties include, but are not limited to, the company’s ability to compete in the highly competitive grocery distribution, retail grocery, and military distribution industries. Additional information concerning these and other risks is contained in SpartanNash’s most recently filed Annual Report on Form 10-K, recent Current Reports on Form 8-K and other SEC filings. All subsequent written and oral forward-looking statements concerning SpartanNash, or other matters and attributable to SpartanNash or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. SpartanNash does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof.

Investor Contact:
Chris Meyers
Executive Vice President & CFO
(616) 878-8023

Media Contact:
Meredith Gremel
Vice President Corpo

Source: SpartanNash Company

SPAR launches three new premium own brand cookies

AMSTERDAM, The Netherlands, 2016-Nov-11 — /EPR Retail News/ — To make the most of the growing opportunity in the biscuit market, SPAR is launching a range of three new delicious all butter luxury cookies under their own brand.

The range comprises three 200g variants: Fruit & Oat, Triple Belgian Chocolate, and White Belgian Chocolate. The three are all butter cookies and contain only premium ingredients.

Susan Darbyshire, SPAR UK Brand Director, said: “The biscuit market in the UK is worth more than £2.3bn per year, with everyday treats offering the biggest growth in the sector.

“These new additions to the range bring us bang up to date with our competitors, and bring shoppers a delicious afternoon or lunchtime treat at affordable prices,” she added.

The cookies will be available to SPAR retailers from 3 November 2016.


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

Source: Spar International

Office Depot, Inc. announces Black Friday and Cyber Monday deals in stores and online

BOCA RATON, Fla., 2016-Nov-11 — /EPR Retail News/ — Office Depot, Inc. (NASDAQ: ODP), a leading global provider of office products, services, and solutions, through its Office Depot and OfficeMax brands, today (November 10, 2016 ) announced its Black Friday and Cyber Monday deals, available both in stores and at officedepot.com, to help shoppers find cool gear and holiday gifts at discounted prices.

“We’re offering many great deals on a variety of must-have gifts for the holidays – both online and in stores, so that shoppers can easily tackle all of their holiday gifting needs,” said Diane Nick, senior vice president of marketing for Office Depot, Inc.

Office Depot’s Black Friday and Cyber Monday deals will provide the best selection of holiday items for everyone on your gift list.

Black Friday deals available online 11/24 – 11/26 and in-store 11/25 – 11/26 include 1 :

  • HP 15.6” Laptop with Touch Screen and Intel Core i7 Processor for $449.99 (regular price $849.99) with 8GB memory, 1TB hard drive and up to 10HR battery life
  • Samsung 27” 1920×1080 Full HD LED Monitor for $129.99 (regular price $269.99)
  • HP 14” Laptop with Intel Inside for $169.99 (regular price $299.99) with 4GB memory and 32GB internal storage and includes 1 year of Microsoft Office 365 Personal
  • HP 23.8” FHD Touchscreen All-In-One Desktop with AMD A8 Processor for $399.99 (regular price $649.99) with 8GB memory and 1TB hard drive
  • Virtual Reality Headset for $9.99 (regular price $49.99)
  • Brenton Studio Mid-Back Chair for $39.99 (regular price $99.99)
  • Bluetooth speakers, headphones, and earbuds from $8.00

To view the insert with a complete list of the offers, visit officedepot.com/blackfridayad. While Office Depot and OfficeMax stores will be closed on Thanksgiving Day, so that shoppers and associates can spend quality time with family and friends, customers can get a head start on holiday deal shopping online at 12:01 a.m. ET Thanksgiving Day.

On Black Friday, stores will open at 6 a.m. and on Cyber Monday, deals will be valid online starting Nov. 27 at 12:01 a.m. ET until 11:59 p.m. ET on Nov. 28. And, don’t miss Cyber Week, Nov. 27 – Dec. 5.

Visit officedepot.com to find an Office Depot or OfficeMax location near you, and for more information on special holiday deals and savings.

About Office Depot, Inc.

Office Depot, Inc. is a leading global provider of products, services, and solutions for every workplace – whether your workplace is an office, home, school or car.

Office Depot, Inc. is a resource and a catalyst to help customers work better. We are a single source for everything customers need to be more productive, including the latest technology, core office supplies, print and document services, business services, facilities products, furniture, and school essentials.

The company has annual sales of approximately $14 billion, employs approximately 49,000 associates, and serves consumers and businesses in 59 countries with approximately 1,800 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization – all delivered through a global network of wholly owned operations, franchisees, licensees and alliance partners. The company operates under several banner brands including Office Depot, OfficeMax, Grand & Toy, and Viking. The company’s portfolio of exclusive product brands include TUL, Foray, Brenton Studio, Ativa, WorkPro, Realspace and HighMark.

Office Depot, Inc.’s common stock is listed on the NASDAQ Global Select Market under the symbol ODP. Additional press information can be found at: http://news.officedepot.com.

1 Prices not valid in Alaska, Hawaii, Puerto Rico, and the Virgin Islands

Julianne Embry

Source: Office Depot, Inc.

Staples, Inc. to hold its 3Q 2016 financial results conference call on Thursday, November 17, 2016

FRAMINGHAM, Mass., 2016-Nov-11 — /EPR Retail News/ — Staples, Inc. (Nasdaq: SPLS) will hold its quarterly conference call to discuss third quarter 2016 results on Thursday, November 17, 2016 at 9:00 a.m. Eastern Time. To listen to the conference call via webcast, please visit Staples’ Investor Relations website at http://investor.staples.com.

About Staples, Inc.
Staples retail stores and staples.com help small business customers make more happen by providing a broad assortment of products, expanded business services and easy ways to shop, all backed with a lowest price guarantee. Staples offers businesses the convenience to shop and buy how and when they want – in store, online, via mobile or though social apps. Staples.com customers can either buy online and pick-up in store or ship for free from staples.com with Staples Rewards minimum purchase. Expanded services also make it easy for businesses to succeed with in-store Business Centers featuring shipping services and products, copying, scanning, faxing and computer work stations, Tech Services, full-service Print & Marketing Services, Staples Merchant Services, small business lending and credit services.

Staples Business Advantage, the business-to-business division of Staples, Inc., helps mid-market, commercial and enterprise-sized customers make more happen by offering a curated assortment of products and services combined with deep expertise, best-in-class customer service, competitive pricing and state-of-the-art e-commerce site. Staples Business Advantage is the one-source solution for all things businesses need to succeed, including office supplies, facilities cleaning and maintenance, breakroom snacks and beverages, technology, furniture, interior design and Print & Marketing Services. Headquartered outside of Boston, Staples, Inc. operates throughout North and South America, Europe, Asia, Australia and New Zealand. More information about Staples (NASDAQ: SPLS) is available at www.staples.com.

Media Contact:
Bill Durling

Investor Contact:
Chris Powers/Scott Tilghman

Source: Staples, Inc.

Carphone Warehouse study: 10% of UK household expected to have some form of VR technology at home by Christmas

  • One in 10 UK homes will own VR devices by Christmas
  • 45% of Brits have now experienced VR, but 10% still admit to some form of “VR faux-pas”
  • VR gaming the most popular activity (51%), followed by travel experiences (21%)
  • Free VR headset with Pay Monthly contracts1 only from Carphone Warehouse

London, UK, 2016-Nov-11 — /EPR Retail News/ — With only 45 days until the big day, Christmas 2016 looks set to be the year Virtual Reality (VR) finally becomes mainstream. A new study from Carphone Warehouse has revealed one in 10 (10%) UK homes are expected to have some form of VR technology in their home by Christmas; doubling the number of households currently using the technology (5%).

According to analyst firm CCS Insight, VR devices have had the highest growth rate among the main wearable categories this year: globally, sales units of smartphone companions (mostly smartwatches) are expected to grow 49%, fitness trackers and sports watches growth 30%, while augmented and virtual reality devices are projected for a 172% increase.

A number of VR headsets have entered the market this year, and for those who want escape from real world reality, there is a wealth of VR content available to try out. You can watch films in your own private cinema, enjoy 360-degree documentaries, experience Google Street View like you’re actually there, walk on Mars or even waltz amongst the stars on the red carpet.

Gaming is set to be the most popular use for VR (51%), followed by travel experiences such as seeing the Northern Lights (21%) from the comfort of your home, and watching music concerts when you can’t be there (8%). With nearly half (45%) of all adults having tried some form of VR experience, and 80% now aware of it, Carphone Warehouse predicts Christmas 2016 will be the first time VR devices cement themselves as a must-have item.

Take-up of the technology, however, isn’t without its blunders, 10% of those who have tried it confessed to having struggled to get to grips with it. The research found the most common VR ‘faux pas’ is accidentally bumping into someone, or being so loud or animated that they’ve been asked to leave the room by their nearest and dearest.

Ten per cent of Brits admitted they’d secretly like to ask for VR this Christmas, but some feel it’s either too expensive (57%), they might look silly using it (8%), or are confused about the content that’s available to them (7%).

Dean Kramer director of Accessories, Carphone Warehouse comments, “Christmas 2016 will see VR become truly mainstream. Gaming is without doubt the reason most consumers are interested in VR but this is just the beginning. As more and more players enter the market, the more content and choice of headsets will become available.

“Whether it’s to visit the Maldives on Christmas day from the comfort of your sofa, or opting to enjoy the latest music gig during the Queen’s speech, there’s content available for everyone to try out, regardless of age or interests.”

Carphone Warehouse has an exciting range of Virtual Reality deals on offer in the lead up to Christmas, including:

  • Free Samsung Gear VR with any S7 and S7 Edge on any Pay Monthly contract
  • Free Goji VR headset with all Android phones1 on any Pay Monthly contract

A great range of Virtual Reality are available from Carphone Warehouse and Currys PC World, including:

Carphone Warehouse

  • GOJI 3D Cardboard VR – £7.99
  • Goji VR Headset – £24.99
  • Daydream View – £68.99
  • Samsung Gear VR Headset – £79.99

Currys PC World

  • PLAYSTATION 4 VR – £349.99
  • OCULUS Rift – £549
  • HTC Vive – £769.99

1Excluding Google Pixel. Free Goji universal virtual reality headset available on all Android pay monthly upgrades and new connections. Free Gear VR 2 headset available on all S7 and S7 edge pay monthly upgrades and new connections. Not valid in conjunction with any other offer. No cash alternative. Subject to availability whilst stocks last. Headset will be shipped to customer’s address within 28 days.

Notes to editors:

2,000 British adults were polled by Opinium from 28th October – 1st November 2016

About Dixons Carphone

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

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

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

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

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

For more information about Dixons Carphone plc, please visit www.dixonscarphonegroup.com

Follow us on Twitter: @DixonsCarphone

Please contact Carphone Warehouse Press Office at M&C Saatchi PR for further information: Press Office carphonewarehouse@mcsaatchi.com

Source: Dixons Carphone

RioCan and Boardwalk joint venture to develop a mixed use tower at RioCan’s Brentwood Village Shopping Centre in Calgary, AB

  • RioCan Real Estate Investment Trust (TSX:REI.UN, “RioCan”) and;
  • Boardwalk Real Estate Investment Trust (TSX:BEI.UN, “Boardwalk”)

Toronto, Ontario and Calgary, Alberta, 2016-Nov-11 — /EPR Retail News/ — RioCan and Boardwalk are pleased to announce the formation of a joint venture to develop a mixed use tower on a discrete portion at RioCan’s Brentwood Village Shopping Centre in Calgary, AB. RioCan will maintain a 100% ownership interest in the remainder of the centre.

The project will consist of an at-grade retail podium totaling approximately 10,000 square feet and an 11-storey residential tower with approximately 120,000 square feet of residential space, totaling approximately 165 apartment units.  The development will include two levels of underground parking and will provide premium rental housing minutes from downtown Calgary along the Northwest Light Rail Transit line, while providing close proximity to the University of Calgary, McMahon Stadium, and Foothills Hospital.

Sam Kolias, Chairman and Chief Executive Officer of Boardwalk REIT commented: “We are excited to announce the formation of this joint venture with a like-minded partner who shares similar values and goals as our own, to maximize the potential of well-located, transit oriented mixed use developments that can be constructed to create new communities that Residents are proud to call home.”

“We are very pleased to partner with Boardwalk on our first rental residential development in the Calgary market. Boardwalk brings a wealth of management expertise to the rental residential segment, particularly within the Alberta market,” said Edward Sonshine Chief Executive Officer of RioCan. “This rental residential tower will be an excellent addition to this mixed use shopping centre, and a great example of just one of the many urban intensification projects that RioCan has on hand within its portfolio of high quality urban locations in Canada’s six major markets.”

The joint venture involves an equal 50% interest, in which, each will provide its best-in-class retail and residential expertise to co-develop the asset.  To maximize the value of the development, RioCan will manage the retail component, and Boardwalk will manage the residential component each on a cost basis.

RioCan and Boardwalk are currently working together to finalize the submission of plans for a development permit.  Subject to certain conditions including the receipt of both the development permit and the subdivision of the lands on terms and conditions satisfactory to both RioCan and Boardwalk, closing is expected to occur in mid-2017, with construction beginning as early as Q3, 2017.

Based on the determination of total buildable area, Boardwalk will pay RioCan approximately $2.9 million for its 50% interest in the sub-divided land at closing.  Subject to the finalization of building plans and specifications, it is estimated that the total construction for the project will be between $60 million to $70 million ($30 million to $35 million per partner.)

About RioCan

RioCan is Canada’s largest real estate investment trust with a total enterprise value of approximately $15 billion as at September 30, 2016. RioCan owns and manages Canada’s largest portfolio of shoppingcentres with ownership interests in a portfolio of 301 Canadian retail and mixed use properties, including 15 properties under development, containing an aggregate net leasable area of 47 million square feet.For further information, please refer to RioCan’s website at www.riocan.com.

 About Boardwalk

Boardwalk REIT strives to be Canada’s friendliest landlord and currently owns and operates more than 200 communities with over 33,000 residential units totaling over 28 million net rentable square feet. Boardwalk’s principal objectives are to provide its Residents with the best quality communities and superior customer service, while providing Unitholders with sustainable monthly cash distributions, and increase the value of its Trust Units through selective acquisitions, dispositions, development, and effective management of its residential multi-family communities. Boardwalk REIT is vertically integrated and is Canada’s leading owner/operator of multi-family communities with 1,400 Associates bringing Residents home to properties located in Alberta, Saskatchewan, Ontario, and Quebec.

Boardwalk REIT’s Trust Units are listed on the Toronto Stock Exchange, trading under the symbol BEI.UN. Additional information about Boardwalk REIT can be found on the Trust’s website at www.BoardwalkREIT.com.

 Forward Looking Information

This news release contains forward-looking information within the meaning of applicable Canadian securities laws. This information includes, but is not limited to, statements made with respect to RioCan’s and Boardwalk’s development program, their joint venture, the ability of the joint venture to achieve any necessary development approvals, and other statements concerning RioCan’s and Boardwalk’s objectives, their strategies to achieve those objectives, as well as statements with respect to management’s beliefs, plans, estimates, and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Forward-looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “would”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plan”, “continue”, or similar expressions suggesting future outcomes or events. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. All forward-looking information in this News Release is qualified by these cautionary statements.

Forward-looking information is not a guarantee of future events or performance and, by its nature, is based on RioCan’s or Boardwalk’s current estimates and assumptions, which are subject to numerous risks and uncertainties, including those described under “Risks and Uncertainties” in both RioCan’s and Boardwalk’s Management’s Discussion and Analysis (“MD&A”) for the period ended September 30, 2016, their most recent Annual Reports and Annual Information Forms, which could cause actual events or results to differ materially from the forward-looking information contained in this News Release. Those risks and uncertainties include, but are not limited to, those related to: liquidity and general market conditions; tenant concentrations and related risk of bankruptcy or restructuring (and the terms of any bankruptcy or restructuring proceeding), defaults, including the failure to fulfill contractual obligations by the tenant or a related party thereof; retailer competition; access to debt and equity capital; interest rate and financing risk; joint ventures and partnerships; the relative illiquidity of real property; development risk associated with construction commitments, project costs and related approvals; environmental matters; and property management, . liquidity in the global marketplace associated with current economic conditions, occupancy levels, access to debt and equity capital, interest rates, the relative illiquidity of real property, unexpected costs or liabilities related to acquisitions or dispositions, construction, environmental matters, legal matters, reliance on key personnel, income taxes, the conditions to the transactions not being satisfied resulting in the failure to complete some or all of the proposed transactions described herein, the trading price of the securities of Boardwalk, lack of availability of acquisition or disposition opportunities for the Trust and exposure to economic, real estate and capital market conditions in North America.  Although the forward looking information contained in this News Release is based upon what management believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. Certain statements included in this News Release may be considered “financial outlook” for purposes of applicable securities laws, and such financial outlook may not be appropriate for purposes other than this News Release.

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

Except as required by applicable law, neither RioCan nor Boardwalk undertake any obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

For further information please contact:

Cynthia J. Devine
Executive Vice President, CFO and Corporate Secretary

Boardwalk REIT
James Ha
Director; Finance and Investor Relations

Source: RioCan

eBay and BigCommerce announce new integration solution for merchants

eBay and BigCommerce announce new integration solution for merchants
eBay and BigCommerce announce new integration solution for merchants

Jointly-developed integration enables BigCommerce merchants to seamlessly list and manage inventory on the eBay marketplace.

San Jose, California, 2016-Nov-11 — /EPR Retail News/ — Today (Nov 10, 2016), eBay and BigCommerce announced the availability of a new integration that enables merchants to seamlessly list and sell products on the eBay marketplace, while also having the ability to manage inventory and orders natively through BigCommerce. Through the integration, BigCommerce merchants can now select products from their catalog and begin selling to more than 165 million active buyers on eBay in a matter of minutes, without the need for third-party apps or custom development.

“We’re thrilled to partner on a seamless solution for BigCommerce merchants to scale their businesses through eBay’s marketplace,” said Bob Kupbens, eBay’s Vice President of Business-to-Consumer Selling. “eBay helps every shopper find items that are perfect for them – and this integration will deliver even more choice and selection to eBay’s highly engaged and active global buyer base.”

On eBay today, shoppers enjoy amazing deals and a broad selection of inventory, in which 81% of merchandise sold is new and 87% is sold at fixed price. BigCommerce merchants that choose to sell on eBay can take advantage of unique benefits, such as:

  • Centralized inventory management and order processing: Merchants can simultaneously sell the same products and inventory across both eBay and their branded website while effortlessly syncing stock levels and eBay orders with their online store. Streamlined fulfillment and order management eliminates the need for manually managing processes across various channels.
  • Rapid bulk listing and central management: Merchants can create hundreds of eBay listings in minutes using customizable templates by automatically mapping products to eBay categories.
  • Channel-level control and customization: Merchants can tailor eBay listings by defining channel-specific descriptions and pricing while still using a common product catalog.
  • Scalable architecture: Thanks to utilization of eBay’s new APIs, merchants will benefit from more consistent and faster syncing.

“Our integration with eBay enables retailers to sell to the massive eBay community from a single platform unified with their branded websites,” said Brent Bellm, CEO of BigCommerce. “The eBay and BigCommerce partnership allows retailers to maximize their online sales while minimizing technical and operational complexity.”

The integration with BigCommerce represents a broader API initiative that eBay has recently undertaken to make both buying and selling easier than ever. In mid-October, eBay revamped its API platform with ten new standards-based APIs, with more to come in 2017.

With the release, BigCommerce is the only ecommerce platform to natively support selling across the world’s two largest marketplaces and leading social platforms, including Facebook and Pinterest.  BigCommerce merchants in the U.S. can configure the eBay sales channel in the control panel beginning today. For more information, visit www.bigcommerce.com/ebay.


United States: press@ebay.com
Canada: canada.press@ebay.com

Source: eBay


The Bon-Ton Stores to open its doors at 5:00 p.m. on November 24 for its Biggest Ever After Thanksgiving Sale

  • Store opens at 5:00 p.m. on Thanksgiving Night
  •  Over 700 Door Busters, free gift card to the first 200 people at every store

MILWAUKEE, 2016-Nov-11 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ:BONT) which operates Bon-Ton, Boston Store, Bergner’s, Carson’s, Elder-Beerman, Herberger’s and Younkers stores, will open its doors at 5:00 p.m. on Thursday, November 24 for its Biggest Ever After Thanksgiving Sale, offering more than 700 Door Busters, special coupons and deals. The first 200 people at the door in every store will receive a gift card valued between $5 and $500 with a guaranteed $500 winner at every store. In-store Door Busters are valid through Friday, November 25 until 3:00 p.m. Online Door Busters will be available at www.bonton.com/blackfriday starting at 6:00 a.m. on Monday, November 21 with free online shipping through November 28 with promo code FREESHIP. All Door Busters will be available while supplies last.

“Bon-Ton is excited to kick off the holiday shopping season with inspiring gifts for the entire family,” said Kathryn Bufano, President & CEO, The Bon-Ton Stores, Inc. “Whether shopping in our stores or online, customers will find great Black Friday deals for everyone on their list.”

Here’s a sneak peek of some of the door buster deals Bon-Ton will offer in-stores starting at 5:00 p.m. on Thursday, November 24 and online at bonton.com starting 6:00 a.m. on Monday, November 21, while supplies last:

  • $19.97 Rampage boots and jackets
  • $19.97 Living Quarters reversible down alternative comforters in any size
  • $9.97 kitchen electrics
  • Up to 75% off a huge selection of ladies coats including $99.97 designer down and puffer coats
  • Buy 1 Get 2 FREE mens flannels, fleece and more from Izod, Van Heusen, G.H. Bass & Co, Ruff Hewn & LeTigre
  • $39.97 TravelQuarters 5-pc luggage set
  • $7.97 to $14.97 Discovery kids toys and Black Series remote control cars
  • $17.97 entire stock kids puffer jackets from London Fog
  • $14.97 LivingQuarters twin cold weather fleece & flannel Sheet sets
  • $23.97 Keurig KCup 40-48CT value and variety single service packs
  • 60% off All in-stock furniture to include sofas, chairs and sectionals
  • 25-50% off designer handbags
  • $19.97 ladies Calvin Klein Performance jackets and hooded tees
  • $9.97 mens and ladies collegiate team fleece from J America and Champion
  • Buy 2 get 1 free mix and match fragrance rollerballs and pens sprays
  • 65-70% off entire stock of fine jewelry including Effy
  • $19.97 ladies PJ sets from Intimate Essentials, Hue and PJ Couture
  • 60% off children’s playwear, dresswear and sleepwear from Carters, Oshkosh B’Gosh, Amy Byer and more
  • $199.97 KitchenAid Professional 5 QT stand mixer with $50 manufacturer mail in Visa Gift Card
  • $23.52 Hot Buy – Black Series virtual reality goggles ($19.99 with 15% coupon)
  • 50% off ladies cold weather accessories from Calvin Klein, Steve Madden, and more

Customers can also shop daily online Black Friday Door Busters “previews” starting Monday, November 14 at 6:00 a.m. A variety of 10 different items will be unveiled each day on the company’s websites bonton.com, bergners.com, bostonstore.com, carsons.com, elder-beerman.com, herbergers.com and younkers.com.

Daily exclusive online Door Busters include items such as:

  • $69.97 Men’s designer outerwear
  • 65% off Entire stock of luggage from Samsonite, American Tourister, Ricardo, London Fog and Delsey
  • 50% off Boots from Bare Traps, Naturalizer, Calvin Klein, Anne Klein and Bandolino
  • $7.97 Pillows from Tommy Hilfiger, Calvin Klein and Lauren Ralph Lauren
  • $30 off ladies Silver Jeans

In compliance with state Blue laws, Bon-Ton stores in Maine and Massachusetts will be closed on Thanksgiving Day and will open at midnight.

About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 267 stores, which includes 9 furniture galleries and five clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates.  The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings.  The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves.

For store locations and information visit bonton.com. Join the conversation and be inspired by following Bon-Ton on Facebook, Twitter, Instagram, Pinterest and the fashion, beauty and lifestyle blog, #LoveStyle.


Christine Hojnacki
cell 262.378.9354

Source: The Bon-Ton Stores, Inc./globenewswire

InvenTrust Properties Corp. appoints Michael A. Stein and Scott A. Nelson to its Board of Directors

OAK BROOK, Ill., 2016-Nov-11 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today (11/10/2016) announced the appointment of Michael A. Stein and Scott A. Nelson to InvenTrust’s Board of Directors. Mr. Stein currently serves on the Board of Apartment Investment and Management Company (AIMCO) and was formerly Chief Financial Officer of Nordstrom, Inc. and Marriott International, Inc. Mr. Nelson is a 35-year retail industry veteran who recently held various Senior Vice President positions at Target and the founding Principal of SAN Prop Advisors, a retail real estate advisory firm. With the addition of these independent directors, InvenTrust’s Board will be expanded from six to eight directors.

“Michael and Scott bring significant real estate and retail acumen to the Board,” said Thomas P. McGuinness, President and Chief Executive Officer of InvenTrust. “We believe that Michael’s financial expertise and Scott’s years of relevant industry experience in retail and real estate will provide additional strength to the Board as we move forward in executing our strategic plan.”

“We welcome Michael and Scott to the Board and look forward to benefiting from their contributions and insights,” said J. Michael Borden, Chairman of the Board of InvenTrust Properties. “We have made significant progress in recent years as part of InvenTrust’s plan to become a pure-play retail REIT and I look forward to working with Michael and Scott and the rest of the Board as we continue to execute on our long-term portfolio strategy.”

InvenTrust’s Board believes that Mr. Stein will be a valuable addition to the Board, given Mr. Stein’s background as a retail business executive and financial expert with 40 years of diverse experience, including public accounting, chief financial officer positions at large public companies, and Board service at public companies. The Company’s Board also believes that Mr. Nelson will provide valuable insight and advice to the Company based on his extensive experience in the retail real estate industry developing acquisition strategies, navigating market complexities, and leveraging real estate to fulfill corporate growth objectives for one of the largest retailers in America.

Mr. Stein commented, “It is an honor to join the InvenTrust Board. This is an exciting time at the Company, and I am eager to begin collaborating with the other members of the Board to continue to execute on InvenTrust’s strategy for the benefit of all stockholders.”

Mr. Nelson added, “The Company has a strong foundation and a clear, differentiated strategy for growth. I am excited about working with the Board, Thomas, and the rest of the management team to help InvenTrust expand its business and achieve its full potential.”

About Michael A. Stein

Mr. Stein served as Senior Vice President and Chief Financial Officer of ICOS Corporation, a biotechnology company, from 2001 until its acquisition by Eli Lilly in 2007. Prior thereto, Mr. Stein was Executive Vice President and Chief Financial Officer of Nordstrom, Inc. from 1998 to 2000, and served in various capacities with Marriott International, Inc. from 1989 to 1998, including Executive Vice President and Chief Financial Officer from 1993 to 1998. Previously, Mr. Stein spent nearly 20 years at Arthur Andersen LLP, where he was a Partner. Mr. Stein has served on the Board of Directors of Apartment Investment and Management Company (AIMCO), a New York Stock Exchange listed public real estate investment trust focused on the ownership and management of apartment communities located in large markets in the United States, since 2004. He is currently the chairman of the audit committee and a member of the compensation and human resources, nominating and corporate governance, and redevelopment and construction committees at AIMCO. He has also served on the Board of Directors of Providence Health & Services, a not-for-profit health system, from 2008 to 2016, and the Boards of Nautilus, Inc., Getty Images, Inc. and Fred Hutchinson Cancer Research Center. Mr. Stein has a Bachelor of Science degree from the University of Maryland.

About Scott A. Nelson

Mr. Nelson is Principal of SAN Prop Advisors, a retail real estate advisory firm that he started in early 2016. Past and current clients of SAN Prop Advisors include Target, a major European retailer and a large U.S. developer. Prior thereto, he served in various real estate capacities, including senior vice president positions, at Target Corporation, a general merchandise retailer, since 1995. Most recently, he served as Senior Vice President Target Properties from 2014 to 2016, and Senior Vice President, Target Real Estate from 2007 to 2014. In these roles, he was instrumental in the acquisition, development and optimization of Target’s retail real estate portfolio. Previously, Mr. Nelson spent 10 years at Mervyn’s, a West Coast department store where he served in various positions including Director of Real Estate. He has a CRX (Certified Retail Property Executive) designation from the International Council of Shopping Centers. Since 2009, Mr. Nelson has served as a board member of Heart of America, a non-profit focused on volunteering and learning environments in schools. Mr. Nelson received a Bachelor of Arts degree and a Master of Science degree from the University of Minnesota.


InvenTrust Properties Corp. is a pure-play retail company with a focus on acquiring open-air centers with a disciplined approach, in key growth markets with favorable demographics. This acquisition strategy, along with our innovative and collaborative property management approach, ensures the success of both our tenants and business partners and drives net operating income growth for the Company. InvenTrust became a self-managed real estate investment trust in 2014 and, as of September 30, 2016, is an owner and manager of 88 multi-tenant retail properties, comprising 15.1 million square feet of retail space.

Forward-Looking Statements Disclaimer

Forward-looking statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, representation, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, our ability to execute on our strategy, build our retail platform and position our Company for growth. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see the Risk Factors included in our most recent Annual Report on Form 10-K, as updated by any subsequent Quarterly Report on Form 10-Q, in each case as filed with the Securities and Exchange Commission. We intend that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

InvenTrust Properties Corp.
Dan Lombardo

Source: InvenTrust Properties Corp.