IKEA completes installation of its fourth biogas-powered fuel cell system, at its San Diego store

SAN DIEGO, CA, 2017-Jan-13 — /EPR Retail News/ — IKEA, the world’s leading home furnishings retailer, today (01/12/2017) announced it has completed installation of its fourth biogas-powered fuel cell system, at its San Diego store. Furthering the Swedish retailer’s investment in fuel cell technology, this project complements the company’s focus on other renewable energies such as solar and wind. IKEA already owns three fuel cell systems at stores in California, with one more planned. With the San Diego fuel cell system installed, commissioned and operational, IKEA is on track to generate – in total – 1.5 MW of energy via fuel cells, supplementing onsite solar arrays atop all these stores.

“Plugging-in this fuel cell system is an exciting milestone that complements our existing rooftop solar array,” said Jim Tilley, store manager. “Utilizing fuel cells will reduce our carbon footprint and help create an even more sustainable community here in San Diego.”

Slightly larger than the physical size of a commercial back-up generator, the 200-kw, biogas-powered project will produce approximately 1,665,101 kWh of electricity annually for the store, the equivalent of reducing 877 tons of carbon dioxide (CO2) – equal to the emissions of 185 cars or to providing electricity for 130 homes yearly (calculating clean energy equivalents at www.epa.gov/energy/greenhouse-gas-equivalencies-calculator). Combined with the 252-kW solar array installed atop the store in 2011, the fuel cell project will help generate a majority of the store’s energy onsite.

For the design, development and installation of this fuel cell system, IKEA contracted with Sunnyvale-based Bloom Energy, a provider of breakthrough solid oxide fuel cell technology generating clean, highly-efficient on-site power.

Drawing from its Swedish heritage and respect of nature, IKEA strives to minimize its operations’ carbon emissions because reducing its environmental impact makes good business sense. IKEA evaluates locations for conservation opportunities, integrates innovative materials into product design, works to maintain sustainable resources, and flat-packs goods for efficient distribution. U.S. sustainable efforts include: recycling waste material; incorporating key measures into buildings with energy-efficient HVAC and lighting systems, recycled construction materials, warehouse skylights, and water-conserving restrooms; and operationally, no plastic bags in the check-out process, and selling only LED lighting. IKEA U.S. has installed electric vehicle charging stations at 15 stores and solar arrays at 90% of its locations, integrated two geothermal projects at two store locations and owns two wind farms. This investment in fuel cell technology reflects the company’s goal to be energy independent by 2020.

Located on 10 acres along I-8 between I-805 and I-15, the 198,000-s.f. IKEA San Diego opened in September 2000 and employs approximately 325 coworkers. In addition to 10,000 exclusively designed items, IKEA San Diego presents 32 different room-settings, a model home interior, a supervised children’s play area, and a 150-seat restaurant serving Swedish specialties such as meatballs with lingonberries and salmon plates, as well as American dishes. Other family-friendly features include a ‘Children’s IKEA’ area in the Showroom, baby care rooms, preferred parking and play areas throughout the store. IKEA installed a rooftop solar array and 3 electric vehicle charging stations at the store in 2011.

Since its 1943 founding in Sweden, IKEA has offered home furnishings of good design and function at affordable prices. There are currently more than 390 IKEA stores in 48 countries, including 43 in the U.S. IKEA has been ranked among “Best Companies to Work For” and, as further investment in its coworkers, has raised its own minimum wage twice in two years. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information see IKEA-USA.com, @IKEAUSANews, @IKEAUSA or IKEAUSA on Facebook, YouTube, Instagram and Pinterest.

Contact:

Joseph Roth
Expansion Public Affairs
(610) 834-0180, x6500

Source: IKEA

IKEA completes installation of solar panels atop the relocated Seattle-area store scheduled to open early Spring 2017

RENTON, WA, 2017-Jan-13 — /EPR Retail News/ — IKEA, the world’s leading home furnishings retailer, today (01/10/2017) announced that the installation of solar panels is complete atop the relocated Seattle-area store currently under construction in Renton, WA that will open in early Spring 2017. The project is the largest solar rooftop array in the state of Washington.

The store’s 244,000-square-foot solar array consists of a 1.13 MW system, built with 3,268 panels that will produce approximately 1,261,000 kWh of electricity annually for the store, the equivalent of reducing 886 tons of carbon dioxide (CO2) – equal to the emissions of 187 cars or providing electricity for 131 homes yearly (calculating clean energy equivalents at www.epa.gov/energy/greenhouse-gas-equivalencies-calculator).

REC Solar, a national leader in solar installations, designed the store’s solar array, which was installed by Seattle-based A&R Solar. Deacon Corp. is managing the construction of the store, that reflects the unique architectural design for which IKEA stores are known worldwide.

“Installing the solar panels is another exciting and sustainable step in the progress towards opening this relocated Seattle-area IKEA store,” said Diedre Goodchild, store manager. “IKEA strives to create a sustainable life for communities in which we operate, and our new Renton store is adding to this goal with Washington’s largest rooftop solar array.”

This array represents the 45th solar project for IKEA in the U.S., contributing to the IKEA solar presence atop nearly 90% of its U.S. locations, with a total generation goal of more than 40 MW. IKEA owns and operates each of its solar PV energy systems atop its buildings – as opposed to a solar lease or PPA (power purchase agreement) – and globally allocated $2.5 billion to invest in renewable energy through 2020, reinforcing its confidence and investment in solar photo voltaic technology. Consistent with the goal of being energy independent by 2020, IKEA has installed more than 700,000 solar panels on buildings across the world and owns approximately 300 wind turbines, including 104 in the U.S.

IKEA, drawing from its Swedish heritage and respect of nature, believes it can do good business while minimizing impacts on the environment. Globally, IKEA evaluates locations regularly for conservation opportunities, integrates innovative materials into product design, works to maintain sustainable resources, and flat-packs goods for efficient distribution. Specific U.S. sustainable efforts include: recycling waste material; incorporating environmental measures into the actual buildings with energy-efficient HVAC and lighting systems, recycled construction materials, skylights in warehouse areas, and water-conserving restrooms; and operationally, eliminating plastic bags from the check-out process, and selling only LED bulbs. IKEA has installed electric vehicle charging stations at 14 stores, with more locations planned.

Under construction across the 29-acre IKEA parcel from the current Renton store, near State Highway 167, the future 399,000-square-foot new store, including 1,600 parking spaces, will open early Spring 2017. Until then, customers can shop at the existing store. During construction, IKEA is providing additional parking nearby on weekends for customers and shuttling them to the store. Customers can find detailed information about parking directions, shuttle plans and construction updates available at IKEA-USA.com/Seattle and @IKEA_Seattle.

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. There are currently more than 380 IKEA stores in 48 countries, including 43 in the U.S. IKEA has been ranked among “Best Companies to Work For” and, as further investment in its coworkers, has raised its own minimum wage twice in two years. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information see IKEA-USA.com, @IKEAUSANews, @IKEAUSA or IKEAUSA on Facebook, YouTube, Instagram and Pinterest.

Contact:

Joseph Roth
Expansion Public Affairs
(610) 834-0180, x6500

Source: IKEA

CVS Health announces availability of cheapest generic epinephrine auto-injector option at all its pharmacies

Generic epinephrine auto-injector from Impax Laboratories available at CVS Pharmacy at cash price 80% lower than EpiPen®

WOONSOCKET, R.I., 2017-Jan-13 — /EPR Retail News/ — CVS Health (NYSE: CVS) today (January 12, 2017) announced that a low-cost epinephrine auto-injector option, the authorized generic for Adrenaclick manufactured by Impax Laboratories (IPXL), is available at all CVS Pharmacy locations at a cash price of $109.99 for a two-pack. This compares to a cash price of $649.99 for EpiPen and $339.99 for the authorized generic for EpiPen.

“As a health care company focused on helping people on their path to better health, we recognized that there was an urgent need in the marketplace for a less expensive epinephrine auto-injector for patients with life-threatening allergies,” said Helena Foulkes, President of CVS Pharmacy. Over the past year, nearly 150,000 people signed on to a petition asking for a lower cost epinephrine auto-injector option and millions more were active in social media searching for a solution.

“In order to address this challenge,” Foulkes continued, “we have partnered with Impax to purchase their epinephrine auto-injector at a price that is lower than similar brand or authorized generic epinephrine auto-injectors. We are passing these savings along to our customers and patients, making this product available at all CVS Pharmacy locations at the lowest cash price in the market.”

The price of $109.99 for the authorized generic of Adrenaclick two-pack applies to both insured and cash-paying patients without insurance. This solution will be particularly beneficial for those insured patients who have consumer-directed health plans and have not yet met their deductible for the plan year. Additional cost reductions for the generic Adrenaclick are available for qualifying patients who use the coupon program offered through Impax which provides a benefit of $100 per pack.

“We are thrilled to work with CVS Health to increase access to our low-cost generic Adrenaclick epinephrine auto-injector,” said Douglas Boothe, President, Generics Division, Impax Laboratories. “Families need and deserve an affordable option to treat severe allergies.”

“We’re encouraged to see national efforts to make epinephrine auto-injectors more affordable and more available to Americans across the country,” said Cary Sennett, MD, PhD, President and CEO of the Asthma and Allergy Foundation of America. “Partnerships that increase access to vital medications are key in helping those suffering from life-threatening allergies.”

“Anaphylaxis is a rapid onset, life-threatening allergic reaction that requires immediate diagnosis and treatment. For these patients, having access to emergency epinephrine is a necessity. Making an affordable epinephrine auto-injector device accessible to patients will ensure patients have the medicine they need, when they need it,” said Todd M Listwa, MD, FACEP, Novant Health.

The authorized generic of Adrenaclick is a Food and Drug Administration (FDA) approved device with the same active ingredient as other epinephrine auto-injector devices. The American Academy of Allergy, Asthma and Immunology (AAAAI) includes generic Adrenaclick among therapeutic options in an anaphylaxis emergency action plan.[1]

About CVS Health
CVS Health is a pharmacy innovation company helping people on their path to better health. Through its more than 9,600 retail pharmacies, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with more than 80 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, and expanding specialty pharmacy services, the Company enables people, businesses and communities to manage health in more affordable and effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

EpiPen is the registered trademark of Mylan Inc. Adrenaclick is the registered trademark of Lineage Therapeutics, Inc., which is a wholly-owned subsidiary of Impax Laboratories, Inc.

Media Contacts:
Erin Britt
(401) 770-9237
Erin.Britt@CVSHealth.com

Carolyn Castel
(401) 770-5717
Carolyn.Castel@CVSHealth.com

SOURCE: CVS Health

IBM and NRF study: Generation Z still prefer to shop in bricks-and-mortar stores

Washington, 2017-Jan-13 — /EPR Retail News/ — Despite expectations that the first “digitally native” generation would want to shop online, a new study released today (January 12, 2017) by IBM (NYSE: IBM) and the National Retail Federation found that almost all members of Generation Z prefer to shop in bricks-and-mortar stores. With the global Gen Z population set to reach 2.6 billion by 2020, retailers need to create more interactive engagement around their brands to serve the “always on,” mobile-focused, high-spending demographic, according to the study.

“Generation Z expects technology to be intuitive, relevant and engaging — their last great experience is their new expectation,” IBM General Manager of Global Consumer Industries Steve Laughlin said. “This presents a significant challenge for retailers and brands to create a personalized, interactive experience with the latest digital advances or risk falling behind. This kind of innovation is not linear or a one-time project — it is a new way of thinking, operating and behaving.”

“Just as Millennials overtook Gen X, there’s another big buying group retailers need to plan for, and it’s even larger: Generation Z,” NRF President and CEO Matthew Shay said. “They appreciate the hands-on experience of shopping in a store. With technology constantly evolving but some shopping habits remaining the same, retailers need to be agile enough to serve both needs. Retailers are constantly focused on experimenting with new innovations both online and in-store to remain relevant to evolving consumer demand.”

Released just ahead of NRF’s 106th annual Retail’s BIG Show next week in New York, the “Uniquely Gen Z” study conducted by the IBM Institute for Business Value is based on findings from more than 15,000 consumers aged 13-21 from 16 countries.

Born after the mid-1990’s till early 2000s, Generation Z is the first “digitally native” group to grow up not knowing a world before cellular phones, smartphones and other digital devices. But the study found that 67 percent of Generation Z shop in a bricks-and-mortar store most of the time, with another 31 percent shopping in-store sometimes, indicating that 98 percent of Gen Z shop in store.

The new generation is important to retailers because it has access to $44 billion in buying power, with 75 percent saying they spend more than half of the money that is available to them each month, according to the study. And the generation is demanding: the study found 52 percent of Gen Z consumers will transfer loyalty from one brand to another if the brand’s quality is not up to par. They care the most about retailers getting the basics right, with 66 percent saying product quality and availability are the most important factors when choosing one brand over another; 65 percent focus on value.

The study found 74 percent of respondents spend their free time online, with 25 percent online five hours or more each day. The degree to which in-store sales are influenced by digital is inevitable in today’s shopping journey — and continues to grow. The study discovered a number of insights into Gen Z’s digital habits and preferences brands can leverage to reach them:

  • 73 percent of Gen Z use their phones primarily to text and chat socially with family and friends, but members are willing to extend their conversations to brand relationships.
    • 36 percent would create digital content for a brand, 42 percent would participate in an online game for a campaign and 43 percent would participate in a product review.
  • They have no patience for hard-to-use technology and demand a seamless mobile/digital experience.
    • 62 percent will not use apps or websites that are difficult to navigate and 60 percent will not use apps or websites that are slow to load.
  • Gen Z knows personal information is valuable to retailers, so members want to know how brands are using it and how the information will be protected.
    • Less than 30 percent are willing to share health and wellness, location, personal life or payment information; 61 percent would feel better sharing personal information if they knew it would be securely stored and protected.

The study found that Generation Z consumers like to engage with brands online, especially with those that create an interactive environment where customers can shape their own experience. As retailers develop and engage in such practices, they will be able to capture Gen Z ideas for new products, services, engagement and shopping experiences, the study said. The generation is known to be brand champions both online and offline, especially when brands acknowledge and value their opinions.

IBM IBV Lead Researcher Jane Cheung and STORES Magazine Editor Susan Reda, along with two Generation Z students from the Fashion Institute of Technology’s Fashion Business Management (FBM) program, will participate in a live online discussion of the study’s findings at 11 a.m. Eastern time on Friday. Reporters can watch the discussion at https://zoom.us/j/719741456.

About IBM Institute for Business Value
For more information, http://www.ibm.com/iibv
Download the IBM IBV app from iTunes and Android Market

About IBM Retail
For more information about IBM Retail: https://www-935.ibm.com/industries/retail/

For more information about IBM Consumer Products:  https://www-935.ibm.com/industries/consumerproducts/

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy. nrf.com

About the Fashion Institute of Technology (FIT)
The Fashion Institute of Technology, a part of the State University of New York, has been a leader in career education in art, design, business, and technology for more than 70 years. With a curriculum that provides a singular blend of hands-on, practical experience, classroom study, and a firm grounding in the liberal arts, FIT offers a wide range of outstanding programs that are affordable and relevant to today’s rapidly changing industries. Internationally renowned, FIT draws on its New York City location to provide a vibrant, creative community in which to learn. The college offers more than 50 majors and grants AAS, BFA, BS, MA, MFA, and MPS degrees, preparing students for professional success and leadership in the global marketplace. Among notable alumni in fashion are Calvin Klein, Michael Kors, Amsale Aberra, Reem Acra, Brian Atwood, Dennis Basso, Francisco Costa, Norma Kamali, Nanette Lepore, Bibhu Mohapatra, Ralph Rucci, John Bartlett, and Michelle Smith. Other prominent graduates include Leslie Blodgett, creator of bareMinerals; international restaurant designer Tony Chi; Nina Garcia, creative director, Marie Claire; and Joe Zee, executive creative officer, Yahoo Style. Embodying the mantra “where fashion meets business,” the Fashion Business Management (FBM) program at FIT is the largest and oldest degree program of its kind in the country. Blending a curriculum of design knowledge and business practices, students study fashion marketing, product development, planning, and fashion management, and can earn a one- or two-year AAS degree, and a two-year BFA degree. Visit fitnyc.edu.

Contact:

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

Source: NRF

Retail’s BIG Show: New programming and event updates

Washington, 2017-Jan-13 — /EPR Retail News/ — The National Retail Federation today (January 12, 2017) announced new programming and event updates for its flagship annual conference, Retail’s BIG Show, which begins this weekend in New York City.

The agenda will include 29 keynote speakers, seven feature-stage sessions and more than 500 exhibitors at the Jacob K. Javits Convention Center. Close to 35,000 attendees from around the world are expected for the Sunday-through-Tuesday event, with 95 countries represented.

“We strive to offer new, exciting and impactful programming each year at Retail’s BIG Show,” NRF Senior Vice President for Conferences and Marketing Susan Newman said. “We are proud to offer an extensive list of valuable takeaways, needle-moving networking opportunities and memorable experiences.”

New programming and event updates include:

  • Feature Stage: These are breakout sessions on an elevated stage with a keynote feel where retailers will hear from top executives and industry leaders.
  • NRF Clubhouse: The entire fourth floor of the Javits Center will be converted to the NRF Clubhouse, providing additional seating, meeting space, refreshments and charging stations.
  • EXPO Tours: Tours will be offered to help attendees maneuver the wide array of products and technologies available in the exhibit hall. The tours are two hours long and limited to 20 people per tour, with specific times selected at the time of registration. Tours include:
    – Small Business Essentials (Sunday)
    – Big Data and Customer Insights (Sunday through Tuesday)
    – New Retail Customer Journey (Sunday through Tuesday)
    – E-commerce and Omnichannel (Sunday through Tuesday)
  • Self-Guided Store Tours via Mobile App: From uptown to downtown and Manhattan to Brooklyn, this year’s store tour presentation is highly visual and will preview a new tour map mobile app with downloadable content. Three tours will cover retail innovation in omnichannel and technology, luxury and fashion, and food retailing. Retail experts representing the city’s top stores will spotlight some of the best retail projects of the past year.

Members of the news media and accredited retail analysts can click here to register online for show, call 855-NRF-PRESS or email eventpress@nrf.com.

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:

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

Source: NRF

NRF support former Labor Secretary Elaine Chao as the new head of the Department of Transportation

WASHINGTON, 2017-Jan-13 — /EPR Retail News/ — The National Retail Federation supported confirmation of former Labor Secretary Elaine Chao as the new head of the Department of Transportation in a letter sent today (January 11, 2017) to the Senate.

“Mrs. Chao has an incredible history, knowledge and experience within the transportation industry and we think she is perfectly suited to be the next secretary.” David French, SVP for Government Relations.

“The next secretary of transportation must address ongoing issues of infrastructure funding while ensuring that our transportation systems are truly state-of-the-art and able to handle expected increases in freight flows,” NRF Senior Vice President for Government Relations David French wrote. “Mrs. Chao has an incredible history, knowledge and experience within the transportation industry and we think she is perfectly suited to be the next secretary.”

French said Chao “has the background and experience to address some of the key supply chain issues facing our nation and our global competitiveness,” citing her previous posts as deputy secretary of transportation, deputy administrator of the U.S. Maritime Administration and chairwoman of the Federal Maritime Commission.

French said the Transportation Department is important to retailers because merchants are among the nation’s largest shippers, moving hundreds of billions of dollars’ worth of merchandise through the nation’s ports, rail lines, and highways each year.

“The condition of this interconnected supply chain and its ability to move freight quickly, efficiently and safely are vital to retailers’ businesses, as well as those of American manufacturers, agricultural producers and the millions of workers they employ,” French said.

The Senate Commerce, Science and Transportation Committee began Chao’s confirmation hearing this morning.

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:
Robin Roberts
press@nrf.com
(855) NRF-Press

Source: NRF

FCL announces progress on the contruction of its new fertilizer terminals scheduled to open in late spring 2017

 

Saskatoon, SK, 2017-Jan-13 — /EPR Retail News/ — Two new additions to the prairie skyline are starting to take shape.

Work is progressing in Hanley, Sask., and Brandon, Man., on high-throughput fertilizer terminals commissioned by Federated Co-operatives Limited (FCL) on behalf of the Co-operative Retailing System (CRS).

Plans for the state-of-the-art facilities were announced early last year. Today (JANUARY 11, 2017), the $75 million project is on schedule and both terminals are expected to open in late spring 2017. Once operational, each terminal will be able to load a super B trailer of blended fertilizer in 10 minutes and dispense up to 400 metric tonnes of straight fertilizer in an hour.

“Co-op’s new fertilizer terminals are a major investment in Western Canada that will yield results for farmers,” said Dan Mulder, Director Fertilizer with FCL, which will warehouse, blend and distribute a full suite of crop nutrition products throughout the CRS.

Currently, 64 of the 120 Co-op Agro Centre locations across Western Canada sell fertilizer. Once the new terminals are online, many more Co-op Agro Centre locations are expected to add fertilizer to their farm offering.

“With the addition of fertilizer, Co-op Agro Centres will offer a comprehensive suite of products to grow, fuel, equip, build and feed farms,” said Mulder.

Contact:
PHONE: 306.244.3311
FAX: 306.244.3403

Source: Co-op

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Immochan Italy won awards for Auchan Cesano Boscone and Auchan Napoli Shopping Centers at the CNCC Awards 2016

Italy, 2017-Jan-13 — /EPR Retail News/ — Gallerie Commerciali Italia (Immochan Italy) won two awards, respectively for Auchan Cesano Boscone (MI) and Auchan Napoli Shopping Centers, during the CNCCAwards 2016 organized annually by Consiglio Nazionale dei Centri Commerciali to reward the best campaigns and innovative projects dedicated to all Italian shopping centers.

A double Merit: two awards won thanks to activities put in place during a refurbishment and to an advertising campaign addressed to general public, giving results beyond expectations.

Auchan Cesano Boscone Shopping Center Refurbishment

Auchan Cesano Boscone Shopping Center won the Certificate of Merit in the “Grand opening, refurbishment & extension” category.

During the first months after relaunch (June-August 2016), compared to the same period of 2015, the Mall recorded an increase in store traffic of + 23.5%, stores revenue growth of + 27%  and 155,000 receipts issued by Food Court tenants (June-August 2016 vs 2015).

On the Web, from June 1st to September 30th, social views have increased by over 190%, reaching more than 780,000 people, obtaining a growth of interactions of more than 775%, more than 76% new likes and an engagement rate increasing of more than 186%.

Auchan Napoli Shopping Center ad campaign

In “Consumer and Advertising Campaign” category, Auchan Napoli Shopping Center won the Certificate of Merit thanks to a multi-channel marketing campaign which contributed to relaunch the mall: from September 2015 to February 2016, it was recorded a visitors increase of 8% and  revenue growth of Mall Tenants of 11%.

Know more about Auchan Cesano Boscone refurbishment & Auchan Napoli campaign in the press release.

Source: Auchan Holdings

NACS survey: Consumer optimism strong at the start of 2017 despite continued rise in gasoline prices

​ALEXANDRIA, Va., 2017-Jan-13 — /EPR Retail News/ — Consumer optimism remains very strong at the start of 2017 despite a continued rise in gasoline prices. For the third month in a row, a majority of consumers (57%) say they are optimistic about the economy—despite gas prices rising all three months, according to the latest National Association of Convenience Stores (NACS) Consumer Fuels survey of 1,114 U.S. adults who purchase fuel for a vehicle such as a car, truck, or van at least once per month.

Fuel consumers report a median gas price of $2.30 per gallon, an 11-cent increase from the December 2016 reported median of $2.19 per gallon. This month’s reported price represents a cumulative increase of 15 cents since November 2016 ($2.15), and a year-over-year increase of 32 cents from January 2016’s reported price of $1.98.

Over the past three months, there has been a nationwide trend of consumers noticing rising gas prices. In December 2016, one in three (38%) reported noticing higher prices, and in November 2016, one in four (27%) reported noticing higher prices.

In January 2017, three in five (61%) drivers report noticing that gas prices are “much” or “somewhat” higher than they were last month. There is also a noticeable difference by region: 71% of consumers in the Northeast reported higher pump prices, while only 46% in the West reported higher prices.

U.S. gasoline consumers expect this trend of higher fuel prices to continue in the new year. A 56% majority predict that gas prices in 30 days will be “much” or “somewhat” higher than they are this month. By comparison, only 32% of consumers at the same time last year said that they expected gas prices to be higher in 30 days.

Despite expectations of rising gas prices, consumer economic optimism held strong and steady this month, with 57% of gasoline consumers saying they feel “very” or “somewhat” optimistic about the economy. This represents only a minor decline from the historic, all-time high noted in the December 2016 study (60% optimistic).

Consumers were least optimistic in the Northeast (50%)—the region more likely have reported higher prices—and consumers were most optimistic in the West (60%)—the region least likely to have reported higher pump prices.

Also, in a noteworthy shift from monthly findings in the past, consumers over age 50 are more optimistic about the economy than those ages 18 to 34 (59% vs. 54%).

Gasoline consumers enter 2017 significantly more optimistically than they did entering into 2016; at that time, less than half of consumers (47%) reported feeling optimistic about the economy they faced entered.

“Strong economic sentiment may help continue to push sales at convenience stores and other retail outlets,” said Jeff Lenard, NACS vice president of strategic industry initiatives. “Nearly one in five consumers (18%) say they will shop more this month—despite January traditionally being one of the slower shopping months of the year. And virtually all drivers (89%) expect to be driving either the same amount (67%) or more (22%) than they did last month.”

The survey was conducted online by Penn Schoen Berland; 1,114 U.S. adults who purchase fuel for a vehicle such as a car, truck or van at least once per month were surveyed January 4-6, 2017. Summary results are available at nacsonline.com/fuelssurvey.

Founded in 1961 as the National Association of Convenience Stores, NACS (nacsonline.com) is the international association for convenience and fuel retailing. The U.S. convenience store industry, with more than 154,000 stores across the country, conducts 160 million transactions a day, sells 80% of the fuel purchased in the country and had total sales of $575 billion in 2015. NACS has 2,100 retail and 1,700 supplier member companies, which do business in nearly 50 countries.

Source: NACS

Harris Teeter recalls Everroast Chicken Caesar Wrap because it may contain undeclared anchovy

Harris Teeter recalls Everroast Chicken Caesar Wrap because it may contain undeclared anchovy

 

Matthews, NC, 2017-Jan-13 — /EPR Retail News/ — In an abundance of caution Harris Teeter, LLC of Matthews, NC is issuing a voluntary recall of Everroast Chicken Caesar Wrap because it may contain undeclared anchovy. People who have an allergy or severe sensitivity to fish run the risk of a serious or life-threatening allergic reaction if they consume this product.

The recall applies to:

Everroast Chicken Caesar Wrap (UPC: 72036-95828) that was prepared in the deli department of various Harris Teeter supermarkets in multiple states. All code dates.
No illnesses have been reported to date.

The recall was initiated after it was discovered that the product ingredients statement did not declare the presence of fish. Upon discovering the issue Harris Teeter promptly removed the product from its in-store delis.

If you purchased this item, and have an allergy or sensitivity to anchovies, please do not consume the product. Instead, return it to any Harris Teeter store for a full refund. Customers with questions or concerns should contact Harris Teeter’s Customer Relations Department at 1-800-432-6111, Option 2.

Consumers Contact:

Customer Relations Department
1-800-432-6111, Option 2

Source: FDA

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Palmer Candy Company recalls certain chocolate products due to potential contamination of Salmonella

Sioux City, Iowa, 2017-Jan-13 — /EPR Retail News/ — Palmer Candy Company (www.palmercandy.com), a privately-held, fifth-generation manufacturer of chocolate and holiday confections, announced today a limited recall of certain chocolate products after being informed by a supplier that a milk powder ingredient used in a compound chocolate coating that they supply to Palmer Candy Company has the potential to be contaminated with Salmonella. The voluntary recall, in cooperation with the U.S. Food and Drug Administration (FDA) includes selected products produced between October 20, 2016 and December 9, 2016 and shipped by Palmer Candy Company to grocery, convenience store and wholesale customers nationwide.

Recalled products include the following:

UPC # Affected Items Purchased By Consumers Expiration Range
77232-17250 Palmer Candy Chocolate Almond Bark 9 oz. 4/26/2017 – 6/7/2017
77232-17137 Palmer Candy Christmas Tree Pretzels 7 oz. 7/27/2017 – 8/3/2017
77232-16310 Palmer Candy Christmas Tree Pretzels 7 oz. 7/24/2017 – 7/27/2017
77232-17254 Palmer Candy Cookies & Cream Bark 9 oz. 7/17/2017 – 9/2/2017
77232-16043 Palmer Candy Crème De Menthe Bark 9 oz. 8/7/2017 – 8/7/2017
77232-17255 Palmer Candy Crème De Menthe Bark 9 oz. 7/26/2017 – 8/7/2017
77232-17002 Palmer Candy Drizzled Peanut Brittle 8 oz. 4/30/2017 – 5/22/2017
77232-17291 Palmer Candy Game Day Party Bowl 16 oz. 7/18/2017 – 7/18/2017
77232-17285 Palmer Candy Holiday Gift Bowl 22 oz. 4/18/2017 -5/1/2017
77232-23045 Palmer Candy Holiday Treats 16.5 oz. 4/25/2017 – 5/14/2017
77232-17270 Palmer Candy Peppermint Bark 9 oz. 7/15/2017 – 8/29/2017
77232-16309 Palmer Candy Peppermint Bark 8/9 oz. 7/24/2017 – 7/28/2017
77232-16042 Palmer Candy Peppermint Bark 12/9 oz. 7/17/2017 – 7/17/2017
77232-13990 Palmer Candy Swirled Pretzels 5 oz. 8/30/2017 – 9/`7/2017
77232-13227 Bakery Delights Christmas Tree Pretzels 5 oz. 7/18/2017 – 8/3/2017
25439-20204 Delhaize Peppermint Pretzels 5 oz. 7/28/2017 – 8/3/2017
X000FMRA8J Trail’s End Chocolatey Caramel Crunch 18 oz. 7/29/2017 – 8/8/2017
41415-22691 Publix Almond Bark with Cocoa 10 oz. 4/26/2017 – 5/23/2017
41415-23091 Publix Peppermint Bark 10 oz. 8/3/2017 – 8/7/2017
77232-02580 Palmer Candy 3 Part Christmas Bowl 15 oz. 4/12/2017 – 5/28/2017
77232-12147 Palmer Candy Mixed Peppermint Pretzel 7 oz. 7/18/2017 – 7/27/2017
77232-12146 Palmer Candy Peppermint Bark 8 oz. 7/12/2017 – 7/28/2017

UPC #s are usually on the back of the bag or bottom of containers.
Product photos are attached.

To date, there have been no reported illnesses associated with any of the products affected by this recall. Salmonella is an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Healthy persons infected with Salmonella often experience fever, diarrhea (which may be bloody), nausea, vomiting and abdominal pain. In rare circumstances, infection with Salmonella can result in the organism getting into the bloodstream and producing more severe illnesses such as arterial infections (i.e., infected aneurysms), endocarditis and arthritis.

The recall is the result of a potentially contaminated milk powder ingredient recalled by Valley Milk Products, a derivative of which was included as a small portion of the ingredients by another company in a confectionary coating supplied to Palmer Candy Company. Affected products include a variety of candy products sold to retailers under the Palmer Candy Company brand, private label chocolates for retail distribution and bulk products provided to retailers for repackaging. Although testing has shown no pathogenic bacteria in the milk confectionary coatings, the company decided out of an abundance of caution to recall all products produced using any amount of the now recalled ingredients.

Marty Palmer, president and chief executive officer of Palmer Candy Company said, “We are truly sorry for any distress this recall causes to our retail customers and to consumers. We remain committed to the highest standards in food quality and safety. We are taking this recall very seriously and truly appreciate the cooperation of our customers as we work to resolve this matter promptly.”

Consumers should throw out or return these products to the point of sale for a full refund.
For more information, consumers may call to speak with a Customer Service Representative at Palmer Candy Company between 9:00 a.m. and 4:30 p.m. Central Standard Time at 712-258-5543.

The Palmer Candy Company, founded in 1878, is a leading manufacturer of a wide variety of high quality chocolate and specialty confectionary treats. The company ships from its two facilities in Sioux City, Iowa to grocery, convenience store and wholesale customers nationwide. The company president and chief executive officer, Marty Palmer, is a fifth-generation owner of the privately-held company.

Consumers Contact:

Customer Service
712-258-5543

Source: FDA

Hostess Brands, LLC recalls Holiday White Peppermint Hostess® Twinkies® due to concern of Salmonella contamination

Hostess Brands, LLC recalls Holiday White Peppermint Hostess® Twinkies® due to concern of Salmonella contamination

 

Kansas City, Missouri, 2017-Jan-13 — /EPR Retail News/ — Hostess Brands, LLC (“Hostess”) is voluntarily recalling its Holiday White Peppermint Hostess® Twinkies® because of a recall by Blommer Chocolate Company of the confectionary coating used on the Holiday White Peppermint Hostess Twinkies product. The confectionary coating contains milk powder ingredients recalled by Valley Milk Products, LLC due to a concern of Salmonella contamination. No illnesses have been reported to date, and none of the confectionary coating sampled has tested positive for Salmonella. However, Hostess is initiating this voluntary recall out of an abundance of caution.

Salmonella is an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Healthy persons infected with Salmonella often experience fever, diarrhea (which may be bloody), nausea, vomiting and abdominal pain. In rare circumstances, infection with Salmonella can result in the organism getting into the bloodstream and producing more severe illnesses such as arterial infections (i.e., infected aneurysms), endocarditis and arthritis.

This recall applies only to the White Peppermint Hostess Twinkies (UPC 888109111571), which were only sold in multipack boxes (9 individually wrapped cakes in a box, as pictured below). This recall does not affect any other Hostess products. The products were sold to mass merchandisers, grocery stores, distributors, dollar and discount stores, and convenience stores throughout the United States.

Consumers who have purchased the affected product are urged to discontinue consumption and return them to the place of purchase for a full refund.

Consumers with questions may contact 1-800-483-7253 Monday through Friday from 8:30 am to 4:30 pm Central
Time.

Hostess Brands, LLC

Hostess Brands, LLC is headquartered in Kansas City, Missouri and operates bakeries in Emporia, Kansas, Columbus, Georgia and Indianapolis, Indiana.

For more information about Hostess products and Hostess Brands, LLC, please visit hostesscakes.com. Follow Hostess on Twitter: @Hostess_Snacks; on Facebook: facebook.com/Hostess; on Instagram: Hostess_Snacks; and on Pinterest: pinterest.com/hostesscakes.

Consumers Contact:

LAK Public Relations, Inc.
Marie Espinel, Katie Lewis or Hannah Arnold
mespinel@lakpr.com,klewis@lakpr.com or harnold@lakpr.com
212-575-4545

Source: FDA

###

Mann Packing recalls Organic Veggies with Organic Ranch Dip in a snacking tray that may contain mislabeled ingredients

Mann Packing recalls Organic Veggies with Organic Ranch Dip in a snacking tray that may contain mislabeled ingredients

 

Salinas, CA, 2017-Jan-13 — /EPR Retail News/ — Mann Packing is voluntarily recalling 205 cases of 18 ounce Organic Veggies with Organic Ranch Dip in a snacking tray because the product may contain mislabeled ingredients that could pose an allergen risk; specifically egg, milk, soy and mustard.

The product has a best if used by date of January 14 and an incorrect UPC barcode: 71651901471 (the correct UPC is 716519014765). No illnesses have been reported in association with the recall to date. No other Mann Packing products are affected by the recall. Mann Packing is taking the extra precautionary measure of issuing this recall so that consumers who may have purchased the product are properly made aware. The product was shipped to the following states: Florida, Minnesota, New York, Iowa and Texas.

Consumers who have the recalled product in their possession and are allergic to egg, milk, soy and/or mustard, should not consume the item. Consumers with questions should contact Mann Packing at 1-800-285-1002 Monday through Friday from 8 am to 5 pm Pacific Standard Time or via info@mannpacking.com.

The following product with the Best of Used By date January 14 is subject to this recall. The best if used by date can be found in the upper right corner:

Mann Packing representatives are contacting retail customers who received the item and asking they remove the product from the store shelves and inventories and that no products are made available for consumer purchase.

About Mann Packing Company
Founded in 1939, Mann Packing is an industry leading, third-generation supplier of premium fresh vegetables. Headquartered in Salinas, California, Mann’s is one of the largest suppliers of western vegetables, Broccoli® and sugar snap peas in North America. The firm holds the distinguished Women’s Owned Business Certification from the Women’s Business Enterprise National Council – the most widely recognized and respected certification in the United States for women’s business enterprises. Leading the way in product innovation, environmental sustainability and green supply chain management practices, Mann Packing is consistently vigilant in food safety, employee wellness and quality assurance, making for one of the most trusted brands in the industry.

Consumers Contact:
Mann Packing
info@mannpacking.com
1-800-285-1002

Media Contact:
Gina Nucci
Mann Packing Co., Inc.
gina.nucci@mannpacking.com
831-214-3032

Source: FDA

###

Chip’n Dipped recalls Dark Chocolate Crunch that may contain undeclared milk

Chip’n Dipped recalls Dark Chocolate Crunch that may contain undeclared milk

 

Huntington, NY, 2017-Jan-13 — /EPR Retail News/ — Chip’n Dipped of Huntington, NY, is recalling its 2.9-oz. bar, Dark Chocolate Crunch because they may contain undeclared milk. People who have allergies to milk run the risk of serious or life-threatening allergic reactions if they consume these products.

The recalled “Dark Chocolate Crunch” was distributed nationwide in retail stores.

The product comes in 2.9 oz Bar form. The lot numbers are 1100506, 1100483 and 1100524 and are stamped on the back of the packaging box. Individual bars are unmarked.

One illness has been reported to date in connection with this problem.

The recall was initiated after it was discovered that the milk-containing product was distributed in packaging that did not reveal the presence of milk.

Production of the product has been suspended until FDA and the company is certain that the problem has been corrected.

Consumers who have purchased The Dark Chocolate Crunch Bar are urged to return them to the place of purchase for a full refund. Consumers with questions may contact the company at 1-888-545-2447, Monday-Friday 10 am -4 pm ET.

Consumers Contact:

1-888-545-2447

Source: FDA

###

Tupperware U.S., Inc. recalls Southwest Chipotle Seasoning that may be contaminated with Salmonella

Tupperware U.S., Inc. recalls Southwest Chipotle Seasoning that may be contaminated with Salmonella

 

Orlando, Florida, 2017-Jan-13 — /EPR Retail News/ — Tupperware U.S., Inc. of Orlando, Florida, is voluntarily recalling limited quantities of Southwest Chipotle Seasoning, because it has the potential to be contaminated with Salmonella.  The product was manufactured for Tupperware by a third party blender of fine spices and seasonings.   This recall is being carried out in an abundance of caution after the FDA found traces of Salmonella at the facility where buttermilk powder, one ingredient in the seasoning mix, was manufactured.

A limited number of Seasoning packets were distributed nationwide to consumers.  The only impacted packages of Seasoning show LOT #16189305 on the back of the package, above the Best By date.  Please see label below to help with identifying the product.

Salmonella is an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Healthy persons infected with Salmonella often experience fever, diarrhea (which may be bloody), nausea, vomiting and abdominal pain. In rare circumstances, infection with Salmonella can result in the organism getting into the bloodstream and producing more severe illnesses such as arterial infections (i.e., infected aneurysms), endocarditis and arthritis.

To Tupperware’s knowledge, no Salmonella has been found in the buttermilk powder shipped to its seasoning manufacturer by the ingredient supplier, and Tupperware has not received any information from the manufacturer indicating that Salmonella has been found in the Southwest Chipotle Seasoning itself.

Tupperware has not experienced any problems or complaints about this product, and no illnesses have been reported.  This recall is a precautionary measure only.  Anyone in possession of any of the recalled product should send it to:

Tupperware U.S., Inc.
ATTN: Julie Castro
14901 South Orange Blossom Trail
Orlando, FL 32837

The returning party should include a name, address, phone number and email address. Once the product is received, Tupperware will send, in return, a $15 eGift Certificate, per Seasoning package, to cover the cost of the product and shipping.

Please forward this message to anyone else who has purchased the Southwest Chipotle Seasoning since August 2, 2016. If you have any questions, please call Customer Care at 1-800-TUPPERWARE (1-800-887-7379).

Consumers Contact:
Customer Care
1-800-887-7379

Source: FDA

###

7‑Eleven, Inc. wins No. 1 position in Entrepreneur magazine’s 38th annual Franchise 500

IRVING, TEXAS, 2017-Jan-13 — /EPR Retail News/ — 7‑Eleven, Inc. has won the coveted No. 1 position among the franchise elite in Entrepreneur magazine’s 38th annual Franchise 500. Billed as the most comprehensive franchise ranking in the world, the Franchise 500 presents the top franchise opportunities based on an in-depth evaluation that measures financial strength, stability, growth rate, and brand power.

“As a franchisor, being recognized as the No. 1 business opportunity by Entrepreneur Magazine is a tremendous honor,” said 7‑Eleven President and CEO Joe DePinto. “In turn, we recognize that our franchise owners are the key to this iconic brand’s success and share this award with them. Together, we have created a winning franchise system and work every day to provide new opportunities to entrepreneurs.”

Entrepreneur evaluates companies on several key factors: costs and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order.

Since its inception, Entrepreneur’s Franchise 500 has come to be recognized as a competitive measure for franchisors and an important research tool for entrepreneurs looking for business opportunities.

“We spend months gathering and crunching data to produce the Franchise 500 ranking,” said Jason Feifer, editor-in-chief of Entrepreneur, “and have developed new ways to measure and analyze franchisors as new critical data points come into play. Franchising is ever-evolving, and factors such as social media presence and financing availability have become increasingly important.”

7‑Eleven created the convenience store concept 90 years ago when a Dallas ice-dock operator decided to offer milk, eggs, and bread in response to his customers’ needs. The company’s first expansion outside of Texas was in Florida. The retailer entered the franchising arena in 1964 with the acquisition of Speedee Mart, a chain of franchised convenience stores in California.

Today, 7‑Eleven is the largest convenience store in the world. 7‑Eleven operates, franchises or licenses more than 61,000 stores in 18 countries. Almost 11,000 of those are in North America, and 7‑Eleven plans to increase its U.S. presence significantly in the coming years. Currently, 90 percent of 7‑Eleven stores in the U.S. are franchised.

7‑Eleven’s growth strategy attracts a high-quality, diverse mix of individuals to franchise new and existing stores, and encourages current Franchisees to acquire additional stores. The convenience retailer features attractive franchising programs for military veterans along with opportunities for independent convenience store owners to convert and operate their stores under the 7‑Eleven Brand.

“We have aggressive growth goals.” DePinto said, “This is an exciting time for entrepreneurial business owners to join an iconic brand and franchise network.”

To streamline the franchising process, 7‑Eleven has developed an online application, and franchise candidates can be approved, trained to operate their stores in as little as three to six months. Candidates can visit Franchise.7‑Eleven.com to apply.

“7‑Eleven is always looking for new Franchisees to serve their communities, including diverse candidates and retired veterans looking for a second career,” said Larry Hughes, 7‑Eleven vice president of Franchise Systems. “As we have expanded our fresh and hot food program, entrepreneurs with restaurant and food service experience have begun to seek us out. We welcome enthusiastic entrepreneurs who meet our qualifications to see for themselves why 7‑Eleven is the best franchise opportunity.”

About 7‑Eleven, Inc.

7‑Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, Texas, 7‑Eleven® operates, franchises or licenses more than 61,000 stores in 17 countries, including 10,900 in North America. Known for its iconic brands such as Slurpee®, Big Bite® and Big Gulp®, 7‑Eleven has expanded into high-quality salads, side dishes, cut fruit and protein boxes, as well as pizza, chicken wings, cheeseburgers and hot chicken sandwiches. 7‑Eleven offers customers industry-leading private brand products under the 7-Select® brand including healthy options, decadent treats and everyday favorites, at an outstanding value. Customers also count on 7‑Eleven for payment services, self-service lockers and other convenient services. Find out more online at www.7‑Eleven.com, via the 7Rewards® customer loyalty platform on the 7‑Eleven mobile app, or on social media at Facebook, Twitter and Instagram.

Contact:

7‑Eleven, Inc.
Corporate Communications
media@7-11.com

Source: 7‑Eleven, Inc.

The Bon-Ton Stores, Inc. announces comparable store sales for the nine-week holiday period

YORK, Pa., 2017-Jan-13 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ:BONT) today (Jan. 11, 2017) announced that its comparable store sales for the nine-week holiday period ended December 31, 2016 decreased 3.1%, in line with guidance provided on November 17, 2016.  Total sales for the nine week November and December period were $752.1 million compared to sales of $784.4 million in the prior year period.

Kathryn Bufano, President and Chief Executive Officer, commented, “Following challenging sales trends in the first three weeks of November, business improved from Thanksgiving through the end of December.  During the holiday season, we continued to deliver double digit growth in our omnichannel business, including mobile demand.  Our best performing categories during the holiday season were men’s big and tall, furniture, women’s outerwear, and intimate apparel.”

Ms. Bufano added, “We are pleased to see the traction we are gaining on our merchandising initiatives despite weak mall traffic trends.  Our focus remains on executing against our strategic initiatives, while prudently managing inventory levels and expenses.  Based on these sales trends and our expectations for the remainder of the quarter, we are maintaining our full-year guidance provided on November 17, 2016; however, we expect to be at the low end of the range.”

The company will provide additional details on March 14, 2017 when it reports its results for the fourth quarter and fiscal 2016 periods ending January 28, 2017.

About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 266 stores, which includes nine furniture galleries and four 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.  For further information, please visit the investor relations section of the Company’s website at http://investors.bonton.com.

Cautionary Note Regarding Forward-Looking Statements
Certain information included in this press release contains statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, which may be identified by words such as “may,” “could,” “will,” “plan,” “expect,” “anticipate,” “believe,” “estimate,” “project,” “intend” or other similar expressions and include the Company’s fiscal 2016 guidance, involve important risks and uncertainties that could significantly affect results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company.   Factors that could cause such differences include, but are not limited to: risks related to retail businesses generally; a significant and prolonged deterioration of general economic conditions which could negatively impact the Company in a number of ways, including the potential write-down of the current valuation of intangible assets and deferred taxes; risks related to the Company’s proprietary credit card program; potential increases in pension obligations; consumer spending patterns, debt levels, and the availability and cost of consumer credit; additional competition from existing and new competitors or changes in the competitive environment; inflation; deflation; changes in the costs of fuel and other energy and transportation costs; weather conditions that could negatively impact sales; uncertainties associated with expanding or remodeling existing stores; the ability to attract and retain qualified management; the dependence upon relationships with vendors and their factors; a data security breach or system failure; the ability to reduce or control SG&A expenses, including initiatives to reduce expenses and improve efficiency; operational disruptions; unsuccessful marketing initiatives; the ability to expand our capacity and improve efficiency through our new eCommerce fulfillment center; changes in, or the failure to successfully implement, our key strategies, including initiatives to improve our merchandising, marketing and operations; adverse outcomes in litigation; the incurrence of unplanned capital expenditures; the ability to obtain financing for working capital, capital expenditures and general corporate purposes; the impact of regulatory requirements including the Health Care Reform Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act; the inability or limitations on the Company’s ability to favorably adjust the valuation allowance on deferred tax assets; and the financial condition of mall operators.  Additional factors that could cause the Company’s actual results to differ from those contained in these forward-looking statements are discussed in greater detail under Item 1A of the Company’s Form 10-K filed with the Securities and Exchange Commission.

CONTACT:
Wendy Wilson
Vice President
Investor Relations
414-347-5153
wendy.wilson@bonton.com

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

Stein Mart, Inc. announces its comparable store sales for November and December 2016

JACKSONVILLE, Fla., 2017-Jan-13 — /EPR Retail News/ — Stein Mart, Inc. (NASDAQ:SMRT) today (Jan. 06, 2017) announced that its comparable store sales for the nine-week period ended December 31, 2016 decreased 4.8 percent and total sales decreased 1.9 percent compared to the same period last year.

“Our sales in November and December were particularly difficult,” said Hunt Hawkins, Interim Chief Executive Officer. “We have been aggressive with our promotions and markdowns to manage our inventory levels. This has impacted our gross profit rate and, as a result, we are now expecting to report a loss for the fourth quarter but will be profitable for the year.”

Stein Mart is scheduled to report fourth quarter sales and earnings prior to the opening of the U.S. financial markets on Thursday, March 9, 2017.

ICR Conference          
Stein Mart, Inc. also announced today that it will be presenting at the 2017 ICR Conference being held at the Grande Lakes Resort in Orlando, FL on Tuesday, January 10, 2017 at 11:00 a.m. Eastern Time. The audio portion of the presentation will be webcast live through Stein Mart’s investor relations website http://ir.steinmart.com. The webcast and presentation materials can be found under “Events & Presentations”. An archive of the presentation will remain available for 30 days after the live event.

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

For more information:
Linda Tasseff
Director
Investor Relations
(904) 858-2639
ltasseff@steinmart.com

Source: Stein Mart, Inc./globenewswire

Francesca’s Holdings Corporation updates and reaffirms guidance for 4Q 2016 based on its holiday sales performance

HOUSTON, 2017-Jan-13 — /EPR Retail News/ — Francesca’s Holdings Corporation (NASDAQ:FRAN) today (Jan. 09, 2017) announced that the Company has updated and reaffirmed its guidance for the fourth quarter ending January 28, 2017 based on its holiday period sales performance and current expectations for the remainder of the quarter.

The Company now expects net sales for the fourth quarter ending January 28, 2017 in the range of $144 million to $146 million, assuming a 1% decrease to a 1% increase in comparable sales.  This compares to previous guidance of net sales in the range of $143 million to $148 million, assuming a low single digit decrease to a low single digit increase in comparable sales.  Fourth quarter diluted earnings per share are expected to be in the range of $0.35 to $0.37 compared to the Company’s previous guidance range of $0.33 to $0.37. Fiscal year 2016 diluted earnings per share are now expected to be in the range of $1.05 to $1.07.

Steve Lawrence, President and Chief Executive Officer, stated, “We are pleased with our solid holiday performance which came on top of an 11% comparable sales increase in fourth quarter last year.  Our results reflect a strong response to our merchandise offering as well as a disciplined and effective promotional strategy. We are on track to deliver sales results in line with expectations and diluted EPS at the higher end of our previously announced guidance range.”

ICR Conference

As previously announced, the Company will be presenting at the 19th Annual ICR Conference to be held at the JW Marriott Orlando Grande Lakes in Orlando, Florida on Tuesday, January 10, 2017 at 1:30 pm ET.  Mr. Lawrence and Ms. Kelly Dilts, Chief Financial Officer, will host the presentation.

The presentation will be webcast live at www.francescas.com under the Investor Relations section.  An archived replay will be available two hours after the conclusion of the live event and will remain on the website for ninety days.

Forward-Looking Statements
Certain statements in this release are “forward-looking statements” made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements reflect our current expectations or beliefs concerning future events and are subject to various risks and uncertainties that may cause actual results to differ materially from those that we expected. These risks and uncertainties include, but are not limited to, the following: the risk that we cannot anticipate, identify and respond quickly to changing fashion trends and customer preferences; our ability to attract a sufficient number of customers to our boutiques or sell sufficient quantities of our merchandise through our ecommerce business; our ability to successfully open and operate new boutiques each year; and our ability to efficiently source and distribute additional merchandise quantities necessary to support our growth. For additional information regarding these and other risks and uncertainties that could cause actual results to differ materially from those contained in our forward-looking statements, please refer to “Risk Factors” in our Annual Report on Form 10-K for the year ended January 30, 2016 filed with the Securities and Exchange Commission (“SEC”) on March 25, 2016 and any risk factors contained in subsequent quarterly and annual reports we file with the SEC. We undertake no obligation to publicly update or revise any forward-looking statement.

The Company may not issue future press releases discussing sales trends such as this one other than associated with routine quarterly and annual financial reporting.

About Francesca’s Holdings Corporation
francesca’s® is a growing specialty retailer which operates a nationwide-chain of boutiques providing customers a unique, fun and personalized shopping experience.  The merchandise assortment is a diverse and balanced mix of apparel, jewelry, accessories and gifts.  Today francesca’s® operates approximately 674 boutiques in 48 states and the District of Columbia and also serves its customers through francescas.com. For additional information on francesca’s®, please visit www.francescas.com.

CONTACT:
ICR, Inc.
Jean Fontana
646-277-1214

Company
Kelly Dilts
832-494-2236

Kate Venturina
832-494-2233
IR@francescas.com

Source: Francesca’s Holdings Corporation/globenewswire

Express, Inc. reaffirms EPS guidance for 4Q and full year 2016

COLUMBUS, Ohio, 2017-Jan-13 — /EPR Retail News/ — In advance of its presentation at the 19th Annual ICR Conference, Express, Inc.(NYSE: EXPR), a specialty retail apparel company, today (Jan. 10, 2017) reaffirmed its earnings per share (EPS) guidance for the fourth quarter and full year 2016 ending January 28, 2017, based on its performance during the 2016 holiday season and its expectations for the balance of the period.

David Kornberg, Express, Inc.’s president and chief executive officer, commented: “Based on our holiday results, we are reaffirming our fourth quarter and full year EPS guidance. Our store performance continues to be impacted by challenging mall traffic trends and a more promotional retail environment. However, we remain pleased with our e-commerce sales performance, which continues to trend positively year-over-year.”

2016 Guidance:

Fourth Quarter:

Comparable sales are currently expected to be negative 13%. The Company continues to expect net income to be in the range of $20 to $23 million and diluted earnings per share to be in the range of $0.26 to $0.30 on 78.8 million weighted average shares outstanding.

Full Year:

Comparable sales are expected to be negative 9%. Net income is expected to be in the range of $55 to $58 million, or $0.70 to $0.74 per diluted share. Adjusted net income is expected to be in the range of $62 to $65 million, or $0.78 to $0.82 per diluted share on 79.1 million shares outstanding. Adjusted net income excludes approximately $11.4 million, or $6.9 million net of tax benefit, of non-core operating items related to an amendment to the Times Square Flagship store lease.

Consistent with past practice, this guidance excludes any additional non-core operating items that may occur.

The Company expects to report fourth quarter and full year 2016 results during the week of March 6, 2017.

ICR Conference:

The Company will present at the 19th Annual ICR Conference being held at the JW Marriott Orlando Grande Lakes in Orlando, Florida on January 10, 2017 at 4:00 p.m. Eastern Time (ET). David Kornberg, president and chief executive officer, and Perry Pericleous, senior vice president and chief financial officer, will host the presentation and Mark Rupe, vice president of investor relations, will be in attendance. The Company’s investor presentation will be posted on the Express website by 7:00 a.m. ET on Tuesday, January 10, 2017 and the conference presentation will be webcast live and available for replay for 30 days at www.express.com/investor.

About Express, Inc.:

Express is a specialty apparel and accessories retailer of women’s and men’s merchandise, targeting the 20 to 30- year-old customer. Express has more than 35 years of experience offering a distinct combination of fashion and quality for multiple lifestyle occasions at an attractive value addressing fashion needs across work, casual, jeanswear, and going-out occasions. The Company currently operates more than 650 retail and factory outlet stores, located primarily in high-traffic shopping malls, lifestyle centers, and street locations across the United States, Canada, and Puerto Rico. Express merchandise is also available at franchise locations in Latin America. Express also markets and sells its products through its e-commerce website, www.express.com, as well as on its mobile app.

Non-GAAP Financial Measures:

Adjusted net income and adjusted diluted EPS are non-GAAP measures. The Company believes that these non-GAAP measures provide additional useful information to assist stockholders in understanding its financial results and assessing its prospects for future performance. Management believes adjusted net income and adjusted diluted earnings per share are important indicators of the Company’s business performance because they exclude items that may not be indicative of, or are unrelated to, the Company’s underlying operating results, and provide a better baseline for analyzing trends in the business. In addition, adjusted diluted earnings per share is used as a performance measure in the Company’s executive compensation program for purposes of determining the number of equity awards that are ultimately earned. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies’ non-GAAP financial measures having the same or similar names.

Forward-Looking Statements:

Certain statements are “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include any statement that does not directly relate to any historical or current fact and include, but are not limited to, guidance and expectations for the fourth quarter and full year 2016, including statements regarding expected comparable sales, net income, adjusted net income, diluted earnings per share, and adjusted diluted earnings per share. Forward-looking statements are based on our current expectations and assumptions, which may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict, and significant contingencies, many of which are beyond the Company’s control. Many factors could cause actual results to differ materially and adversely from these forward-looking statements. Among these factors are (1) changes in consumer spending and general economic conditions; (2) our ability to identify and respond to new and changing fashion trends, customer preferences, and other related factors; (3) fluctuations in our sales, results of operations, and cash levels on a seasonal basis and due to a variety of other factors, including our product offerings relative to customer demand, the mix of merchandise we sell, promotions, and inventory levels; (4) competition from other retailers; (5) customer traffic at malls, shopping centers, and at our stores and online; (6) our dependence on a strong brand image; (7) our ability to develop and maintain a relevant and reliable omni-channel experience for our customers; (8) the failure or breach of information systems upon which we rely; (9) our ability to protect customer data from fraud and theft; (10) our dependence upon third parties to manufacture all of our merchandise; (11) changes in the cost of raw materials, labor, and freight; (12) supply chain disruption; (13) our dependence upon key executive management; (14) our growth strategy, including our ability to improve the productivity of our existing stores, open new stores, and grow our e-commerce business; (15) our substantial lease obligations; (16) our reliance on third parties to provide us with certain key services for our business; (17) claims made against us resulting in litigation or changes in laws and regulations applicable to our business; (18) our inability to protect our trademarks or other intellectual property rights which may preclude the use of our trademarks or other intellectual property around the world; (19) restrictions imposed on us under the terms of our asset-based loan facility; (20) impairment charges on long-lived assets; and (21) changes in tax requirements, results of tax audits, and other factors that may cause fluctuations in our effective tax rate. Additional information concerning these and other factors can be found in Express, Inc.’s filings with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as otherwise required by law.

Investors:
Express, Inc.
Mark Rupe
(614) 474-4465
Vice President Investor Relations

ICR, Inc.
Allison Malkin
(203) 682-8225

Media:
Express, Inc.
Robin Hoffman
(614) 474-4834
Director of Communications

Source: Express, Inc.

QuickPivot partners with BRP to deliver seamless customer experiences before, during and after purchase

Boston, MA, 2017-Jan-13 — /EPR Retail News/ — QuickPivot, the SaaS cross-channel marketing platform enabling B2C companies to market at customer speed, today (January 10, 2017) announced an alliance with Boston Retail Partners (BRP), the market-leading consultancy helping retailers optimize their business and technology processes to deliver seamless customer experiences before, during and after purchase. This alliance combines QuickPivot’s Cross-channel, Campaign Management (CCCM) platform, which enables marketers to deliver coordinated customer experiences across all channels, with BRP’s strategy, integration and implementation services to help retailers quickly realize the benefits from faster, smarter marketing decisions.

As many as 70% of smart-phone users research products while in the store (GoogleThink), and consumers who purchase through multiple channels tally 30% higher lifetime value than those who do not (IDC). These are just two statistics in a sea of evidence that point to the value of omni-channel customer experiences, and why building a world-class marketing architecture is a priority for so many retail CMOs and CIOs.

“BRP recognizes that coordinated, omni-channel experiences are a consumer expectation,” said Walter Deacon, Principal and Founder at BRP. “Retail marketers are smart and creative, but their hands are often tied by legacy marketing suites or emerging point solutions that miss the mark. QuickPivot’s marketing suite aligns well with BRP’s vision for a complete, contemporary marketing hub designed for omni-channel retailers. This alliance offers retailers a one-stop-shop solution to plan, execute and measure omni-channel marketing programs from one platform.”

Ken Marshall, CEO of QuickPivot added, “We’ve been working hard to create powerful and intuitive software for retailers. We couldn’t be happier to have BRP as a partner. BRP brings an impeccable track-record of delivering client value and has worked with hundreds of retail brands across the country. We look forward to providing the capabilities that align with BRP’s vision, and to drawing on their vast retail experience to make our platform even better.”

BRP is an innovative and independent retail management consulting firm dedicated to providing superior service and enduring value to its clients. BRP combines its consultants’ deep retail business knowledge and cross-functional capabilities to deliver superior design and implementation of strategy, technology and process solutions. The company focuses exclusively on the retail industry and consults in three key areas: IT strategy, vendor selection and project implementation. BRP’s consulting services include:

Strategy | Business Intelligence | Business Process Optimization | Point of Sale (POS)
Mobile POS | Payment Security | E-Commerce | Store Systems and Operations | CRM
Unified Commerce | Customer Experience & Engagement | Order Management
Merchandise Management | Supply Chain | Information Technology

The company is a recognized thought leader in the retail sector and continually takes the pulse of the industry through benchmark surveys including the industry-leading annual POS/Customer Engagement Survey they have published for 18 years. In addition, the company publishes benchmark surveys on Customer Experience/Unified Commerce, Digital Commerce and Merchandise Planning. For more information, visit www.bostonretailpartners.com.

About QuickPivot

QuickPivot™ delivers fast, powerful, easy-to-use software for smart and nimble marketers with big ideas. The QuickPivot Cross-channel, Campaign Management (CCCM) platform combines big data analytics, discrete customer journey insights, visual and intuitive segmentation, and simplified customer journey mapping in one unified SaaS offering. Winner of several industry innovation awards, the QuickPivot platform enables marketers to deliver coordinated customer experiences across all channels, measure results in real-time, and refine marketing programs to improve performance. As brands look for cost-effective ways to drive rapid campaign creation and execution, QuickPivot is emerging as the vendor of choice. That’s why clients like Shutterfly, HP, Allen Edmonds, the NHL, and over 20 channel partners are turning to QuickPivot as their contemporary marketing hub. For more information, visit www.quickpivot.com

Media Inquiries: 

David Naumann
916-673-7757

Source: BRP

Rakuten, Inc. launches commercial banking operations in Europe with Rakuten Europe Bank S.A.

Headquartered in Luxembourg; Initial focus on SME customers in France

Tokyo, 2017-Jan-13 — /EPR Retail News/ — Rakuten, Inc. today ( January 11, 2017) announced at a formal reception at the Embassy of Luxembourg in Tokyo that it has officially launched commercial banking operations in Europe with Rakuten Europe Bank S.A.

Rakuten Europe Bank will offer banking services throughout Europe. While initially focusing on providing payment, deposit and loan services for merchants on the PriceMinister e-commerce platform in France, the bank also plans to expand these services to merchants on other Rakuten Group marketplaces. Rakuten Europe Bank is positioned to become the banking platform for the businesses that make up the growing Rakuten Ecosystem in Europe, as well as offer banking services to new and high-growth fintech businesses across the region.

Rakuten’s European headquarters were first established in Luxembourg in March 2008 to oversee the operations, finances and human resources of Rakuten’s businesses in the region and, since acquiring a banking license in February 2015, Rakuten has made preparations for the launch of commercial banking operations with Rakuten Europe Bank from this base.

Pierre Gramegna, Minister of Finance for Luxembourg commented “I am very pleased that Rakuten has joined the growing ranks of international groups that have chosen Luxembourg as the European hub for their banking operations. Rakuten Europe Bank will be a valuable addition to Luxembourg’s thriving Fintech ecosystem and contribute to foster innovation in the financial center.”

“We are extremely pleased to be able to begin commercial operations with our European banking license from our Luxembourg offices,” commented Masayuki Hosaka, Representative Director and Vice Chairman, Rakuten, Inc. and head of Rakuten’s fintech businesses. “Since its founding, the Rakuten Group has worked to develop the Rakuten Ecosystem, a comprehensive range of online services centered around Rakuten membership, including fintech businesses, such as credit cards, banking, securities and life insurance. With Rakuten Europe Bank, we aim to provide banking services in Europe that will parallel the successes of the Rakuten Group’s fintech businesses in Japan.”

Rakuten will continue to strive to create and provide new services in Europe and develop the Rakuten Ecosystem in the region.

Source: Rakuten, Inc.

Barnes & Noble’s 2016 Holiday Book Drive collected more than 1.6 million books to benefit children through local charities

Increase of Nearly 100,000 Books on Last Year’s Total

NEW YORK, NY, 2017-Jan-13 — /EPR Retail News/ — Barnes & Noble, Inc. (NYSE: BKS), the nation’s largest retail bookseller and a leading retailer of content, digital media and educational products, today ( January 10, 2017) announced that it collected more than 1.6 million books during its 2016 Holiday Book Drive program. The books are being donated to more than 650 local charities across the country that provide services to children. This year’s total surpasses the 2015 donation by nearly 100,000 books.

The donation was made possible through the generous support of Barnes & Noble customers, who purchased books for donation at Barnes & Noble bookstores nationwide between November 1, 2016, and January 1, 2017. Community partners have already begun distributing the books collected to hospitals, schools, literacy organizations and social service organizations.

“The annual Holiday Book Drive is one of our most important annual initiatives and this year our customers got behind it in a big way by donating 1.6 million books,” said Tracy Vidakovich, Vice President of Business Development for Barnes & Noble. “We want to thank our customers for their amazing generosity, and let them know that these donations will have a real impact on their communities, and will be put in the hands of children who otherwise may not have had access to books.”

Local recipients from the Holiday Book Drive include: Toys for Tots; Children’s Aid Society; Big Brothers Big Sisters; the YMCA; Salvation Army; First Book; children’s hospitals from around the country; Reach Out & Read; Ronald McDonald House; Head Start; United Way; various school districts, schools and public libraries; and hundreds of other deserving organizations.

Barnes & Noble, Inc. (NYSE: BKS) is a Fortune 500 company, the nation’s largest retail bookseller, and a leading retailer of content, digital media and educational products.  The Company operates 638 Barnes & Noble bookstores in 50 states, and one of the Web’s premier e-commerce sites, BN.com (www.bn.com).  The Nook Digital business offers a lineup of popular NOOK® tablets and eReaders and an expansive collection of digital reading and entertainment content through the NOOK Store®. The NOOK Store features more than 4.5 million digital books in the US (www.nook.com), plus periodicals and comics, and offers the ability to enjoy content across a wide array of popular devices through Free NOOK Reading Apps™ available for Android™, iOS® and Windows®.

General information on Barnes & Noble, Inc. can be obtained by visiting the Company’s corporate website at www.barnesandnobleinc.com.

Barnes & Noble®, Barnes & Noble Booksellers® and Barnes & Noble.com® are trademarks of Barnes & Noble, Inc. or its affiliates. NOOK® and the NOOK logos are trademarks of Nook Digital, LLC or its affiliates.

For more information on Barnes & Noble, follow us on Twitter, Instagram and Tumblr, and like us on Facebook. For more information on NOOK, follow us on Twitter and like us on Facebook.

All Contacts:

Mary Ellen Keating
Senior Vice President
Corporate Communication
(212) 633-3323
mkeating@bn.com

Alan McNamara
Senior Director
Corporate Communications
(212) 633-3379
amcnamara@bn.com

Source: Barnes & Noble, Inc.

ascena retail group announces consolidated comparable sales over the Holiday period

MAHWAH, N.J., 2017-Jan-13 — /EPR Retail News/ — ascena retail group, inc. (NASDAQ:ASNA) (the “Company”) today (Jan. 10, 2017) announced consolidated comparable sales decreased 3.1% over the Holiday period as follows:

Holiday 2016*
Segment Comparable Sales
Premium Fashion (4.1 %)
Ann Taylor (8.2 %)
LOFT (1.8 %)
Value Fashion (6.0 %)
maurices (7.1 %)
dressbarn (4.6 %)
Plus Fashion (3.7 %)
Lane Bryant (5.1 %)
Catherines 1.6 %
Kids Fashion 2.7 %
Total ascena (3.1 %)

* Saturday, November 19, 2016 through Monday January 2, 2017

For the combined November / December fiscal periods, consolidated comparable sales were down 4.4%.

Excluding restructuring, acquisition and integration related expenses, and non-cash ANN purchase accounting adjustments, the Company now expects non-GAAP EPS of $(0.11) to $(0.08) for the fiscal second quarter, ending January 28, 2017. Based on ongoing store traffic headwinds, the Company now expects full year fiscal 2017 non-GAAP EPS in the range of $0.37 to $0.42 for the 52-week period ending July 29, 2017.

David Jaffe, President and CEO, commented, “We were disappointed by our overall Holiday performance. Outside of discrete peaks during the holiday season, we experienced stronger than expected store traffic headwinds. As a result, we were forced into a more highly promotional stance in order to move through inventory in the face of softer overall consumer demand. At this juncture, we are positioning our full year outlook assuming that the trend we experienced through Holiday continues. We continue to aggressively work our Change for Growth enterprise transformation, and are focused on expense management opportunities to help us navigate the challenging environment.”

Non-GAAP Financial Results

As noted above, the Company has provided projected non-GAAP EPS, which are forward-looking non-GAAP financial measures. Non-GAAP EPS excludes costs that Management believes are not indicative of the Company’s underlying operating performance such as (i) acquisition and integration expenses, (ii) restructuring and other related charges incurred under the Company’s Change for Growth initiative, and (iii) non-cash charges associated with the purchase accounting adjustments of ANN’s assets and liabilities to fair market value, primarily reflecting inventory expense, depreciation and amortization expense, and lease-related adjustments.

Non-GAAP EPS is considered an important indicator of the Company’s operational performance as this measure eliminates amounts that do not reflect the fundamental performance of the Company’s businesses. Many investors also use a non-GAAP EPS measure as a common basis for comparing the performance of different companies. A general limitation of non-GAAP measures is that they are not prepared in accordance with U.S. generally accepted accounting principles and may not be comparable to similarly titled measures of other companies due to differences in methods of calculation and excluded items. Non-GAAP EPS should be considered in addition to, not as a substitute for, the Company’s Operating income (loss) and Net income (loss) per common share, as well as other measures of financial performance and liquidity reported in accordance with U.S. generally accepted accounting principles.

Additionally, a reconciliation of the projected non-GAAP EPS for Q2 and full year fiscal 2017, which are forward-looking non-GAAP financial measures, to the most directly comparable GAAP financial measures, is not provided because the Company is unable to provide such reconciliation without unreasonable effort. The inability to provide a reconciliation is due to the uncertainty and inherent difficulty predicting the occurrence, the financial impact and the periods in which the non-GAAP adjustments may be recognized. These GAAP measures may include the impact of such items as restructuring charges, acquisition and integration related expenses, asset impairments and the tax effect of all such items. As previously stated, the Company has historically excluded these items from non-GAAP financial measures. The Company currently expects to continue to exclude these items in future disclosures of non-GAAP financial measures and may also exclude other items that may arise (collectively, “non-GAAP adjustments”). The decisions and events that typically lead to the recognition of non-GAAP adjustments, such as actions under the Company’s Change for Growth program, or acquisition and integration expenses, are inherently unpredictable as to if or when they may occur. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could be material to future results.

Forward-Looking Statements

Certain statements made within this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially. The Company does not undertake to publicly update or review its forward-looking statements even if experience or future changes make it clear that our projected results expressed or implied will not be achieved. Detailed information concerning a number of factors that could cause actual results to differ materially from the information contained herein is readily available in the Company’s most recent Annual Report on Form 10-K.

About ascena retail group, inc.

ascena retail group, inc. (NASDAQ:ASNA) is a leading national specialty retailer offering apparel, shoes, and accessories for women under the Premium Fashion segment (Ann Taylor, LOFT, and Lou & Grey), Value Fashion segment (maurices and dressbarn), Plus Fashion segment (Lane Bryant and Catherines), and for tween girls under the Kids Fashion segment (Justice). ascena retail group, inc. operates ecommerce websites and approximately 4,900 stores throughout the United States, Canada and Puerto Rico.

For more information about ascena retail group, inc. visit: ascenaretail.com, AnnTaylor.com, LOFT.com, louandgrey.com, maurices.com, dressbarn.com, lanebryant.com, cacique.com, Catherines.com, and shopjustice.com.

For Investors:
ascena retail group, inc.
Stacy Turnof
551-777-6895
VP, Investor Relations
Investor.Relations@ascenaretail.com

ICR, Inc.
James Palczynski
203-682-8229
Partner

For Media:
ascena retail group, inc.
Sue Ross
218-491-2110
EVP, Corporate Affairs
sue.ross@ascenaretail.com

Source: ascena retail group, inc.

Bed Bath & Beyond Inc. opens a unique shopping venue in the Sunset Park neighborhood of Brooklyn, New York

Brooklyn Shopping Venue Features Shopping, Dining, Live Events and More

UNION, N.J., 2017-Jan-13 — /EPR Retail News/ — Bed Bath & Beyond Inc. (NASDAQ: BBBY) today ( Jan. 10, 2017) announced the grand opening of a unique shopping venue in the Sunset Park neighborhood of Brooklyn, New York. Located at 850 3rd Avenue, “BEYOND at Liberty View” houses four of the Company’s brands under one roof, including Bed Bath & Beyond®, Face Values®, buybuy BABY® and Cost Plus World Market®.  Beyond the experience of these four great stores, the Company has created a fun and productive shopping destination for the entire family featuring a variety of dining options, including a full-service restaurant, as well as live events, such as cooking demonstrations, kid-friendly activities, and more.

As part of the Company’s commitment to do more for and with its customers, “BEYOND at Liberty View” was designed to offer a high level of customer service that is inspirational, along with expanded offerings, in-store experts, and more differentiated product, services and solutions. Customers already familiar with Bed Bath & Beyond’s family of brands are able to take advantage of several new and enhanced services with an expansive assortment of products across multiple categories in the home, baby and, health and beauty space. Digital tools assist customers in providing a seamless and personalized shopping experience, including interactive shopping tools to find the item to fit a specific need. The venue also features a dedicated area called “The Beyond Room,” for customers to work with the Company’s in-house experts for concierge services, such as personal shopping, registry and soon-to-come, decorating services.

In addition to the retail space, “BEYOND at Liberty View” includes a unique, food hall-style dining experience. The Bay Market Kitchen serves casual American cuisine and locally brewed craft beer, wine and growlers. In addition to the restaurant, there are seasonal market food pods on the second floor, which feature Brooklyn-based Toby’s Estate Coffee espresso drinks, drip and pour-over coffee and locally-sourced treats and snacks. An event space, named 71 at BEYOND, has been specially designed for cooking classes, product demonstrations, food sampling, how-to sessions and more, to better serve our customers.

“We are thrilled to open BEYOND at Liberty View in the thriving and dynamic Sunset Park community and offer our customers a unique shopping destination featuring a broad assortment of products and outstanding customer service that is common to all of our brands,” said Barry Feld, Chief Executive Officer of Cost Plus World Market, who helped spearhead the project on behalf of Bed Bath & Beyond Inc. “We are also excited to be opening our first full Cost Plus World Market store experience in Brooklyn, and to be part of this growing and diverse neighborhood,” Feld added.

Bed Bath & Beyond (www.bedbathandbeyond.com) is delighted to expand its product offerings by supporting the local design community and offering a “Born in Brooklyn” section inside the store, presenting Brooklyn-based designers and their products in a format that is exclusive to the Sunset Park location. In addition, the store features a Drapery Design Gallery for custom window treatments and a Technology Shop including products that provide ‘the connected home’ experience. The store also includes concierge, personal shopping, registry, and home delivery services.

Face Values (www.harmondiscount.com) features a selection of approximately 20,000 items from the cosmetics, health and beauty categories including popular name brand cosmetics and personal care products, nutritional bars and an extensive assortment of trial and travel size products at everyday low prices. With beauty advisors and makeup stations in-store, Face Values is the place for those who love health and beauty products mixed with a little pampering. And, unique to the Sunset Park location, customers are able to make an appointment (or walk in) with professional stylists to wash, blow and style their hair at the Blow In Blow Out Bar®.

buybuy BABY (www.buybuybaby.com) ensures that new and expectant parents have everything they need to confidently welcome their baby and navigate the transitions of life as a family. From a baby registry department and a nursery design center to baby gear and clothes, this Brooklyn location also features a book department with a reading and activity area and a stroller and car seat showroom, allowing new parents to explore different models to find the item that best fits their budget and lifestyle.

Cost Plus World Market (www.worldmarket.com) is already well known for its broad and unique assortment of home goods, including furniture, textiles, ceramics and glassware, home décor, artisan gifts, jewelry and accessories, and global food and beverages from around the world. The Sunset Park location has all of these departments as well as an expanded line of consumables, which includes “locally grown” products from Brooklyn, and also features room vignettes which offer the customer solutions for small-space urban living.

For more information and a calendar of upcoming events for “BEYOND at Liberty View,” visit www.bedbathandbeyond.com/brooklyn.

About the Company

Bed Bath & Beyond Inc. and subsidiaries (the “Company”) is a retailer selling a wide assortment of domestics merchandise and home furnishings which operates under the names Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!, Harmon, Harmon Face Values or Face Values, buybuy BABY and World Market, Cost Plus World Market or Cost Plus. Customers can purchase products from the Company either in-store, online, with a mobile device or through a contact center. The Company generally has the ability to have customer purchases picked up in-store or shipped direct to the customer from the Company’s distribution facilities, stores or vendors. In addition, the Company operates Of a Kind, an e-commerce website that features specially commissioned, limited edition items from emerging fashion and home designers; One Kings Lane, an authority in home décor and design offering a unique collection of select home goods, designer and vintage items; and PersonalizationMall.com, an industry-leading online retailer of personalized products. The Company also operates Linen Holdings, a provider of a variety of textile products, amenities and other goods to institutional customers in the hospitality, cruise line, healthcare and other industries. Additionally, the Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond.

The Company operates websites at bedbathandbeyond.com, bedbathandbeyond.ca, worldmarket.com, buybuybaby.com, buybuybaby.ca, christmastreeshops.com, harmondiscount.com, ofakind.com, onekingslane.com, personalizationmall.com, harborlinen.com and t-ygroup.com. As of December 21, 2016, the Company had a total of 1,548 stores, including 1,023 Bed Bath & Beyond stores in all 50 states, the District of Columbia, Puerto Rico and Canada, 279 stores under the names of World Market, Cost Plus World Market or Cost Plus, 112 buybuy BABY stores, 80 stores under the names Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!, and 54 stores under the names Harmon, Harmon Face Values or Face Values.

MEDIA CONTACT:
Jessica Joyce
908.613.5461
jessica.joyce@bedbath.com

INVESTORS CONTACT:
Janet M. Barth
908.613.5820
Janet.barth@bedbath.com

###

Bed Bath & Beyond Inc. opens a unique shopping venue in the Sunset Park neighborhood of Brooklyn, New York

 

SOURCE: Bed Bath & Beyond

InvenTrust Properties Corp. acquires Campus Marketplace in San Marcos, California for approximately $73 million

InvenTrust Properties Corp. acquires Campus Marketplace in San Marcos, California for approximately $73 million

 

OAK BROOK, Ill., 2017-Jan-13 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today (01/10/2017) announced that it has acquired Campus Marketplace, a 144,000 square foot Ralphs- and CVS-anchored center located in San Marcos, California, for approximately $73 million.

“This transaction will allow us to continue to build our asset base and concentration in Southern California,” said Michael E. Podboy, Executive Vice President – Chief Financial Officer, Chief Investment Officer of InvenTrust. “This property provides us with additional operational economies of scale while giving us an opportunity to acquire a top grocer in one of InvenTrust’s target markets.”

Christopher Covey, Senior Vice President of Transactions, added, “Campus Marketplace is a fantastic stabilized asset that is ninety-eight percent leased. We believe this is an excellent fit for us as it has an exceptional geographic location and strong anchor tenants. This acquisition builds on our existing strategy and will be accretive to InvenTrust’s portfolio.”

Campus Marketplace is located in San Marcos, California, just thirty-five miles north of San Diego. The center has an established tenancy and features national tenants such as Ralphs, CVS, Bank of America, Starbucks, Subway, and Sport Clips.

About InvenTrust Properties Corp.

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 REIT in 2014 and as of September 30, 2016, is an owner and manager of 88 retail properties, representing 15.1 million square feet of retail space, and one non-core property.

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, 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 integrate and successfully operate acquired properties and the risks associated with such properties. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see our filings with the securities and Exchange Commission (“SEC”), including 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 SEC. InvenTrust intends 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 press 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.

Contact:
Dan Lombardo
630-570-0605
dan.lombardo@inventrustproperties.com

Source: InvenTrust Properties Corp.

###

Diebold Nixdorf to introduce new solutions to drive connected commerce for retailers at the NRF BIG Show

New technologies provide mobility and convenience to change the way consumers shop

NEW YORK, 2017-Jan-13 — /EPR Retail News/ — Diebold Nixdorf will be introducing new solutions to drive connected commerce for retailers at the National Retail Federation’s (NRF) BIG Show, the world’s leading annual retail event, Jan. 15-17 in New York. In booth #2879, Diebold Nixdorf will highlight solutions that support four key drivers in the retail industry— digitalization, individualization, automation and miniaturization—to transform the shopping experience for today’s consumers.

Today (Jan. 10, 2017), 56 percent of consumers feel that technology makes their shopping experience better. With 90 percent of transactions still completed in a store, brick-and-mortar retailers must anticipate the influence of digital and online channels by adopting interactive technologies.[1] The new K-One Kiosk solution was designed to digitalize the in-store consumer experience by quickly and seamlessly assisting consumers throughout their visit. The versatile, tailored solution can be easily adapted to changing consumer demands, with functionality for order taking, customer service, product information, ticket and lottery sales and even self-checkout.

Retailers will also be introduced to the latest innovations in automated checkout technology—from cash and card payment options to tablet and mobile integration.

  • The new compact SmartPay self-checkout solution enables consumers to scan and bag their items and pay using a mobile app, credit or debit card.
  • The recently introduced eXpress self-checkout solution can be used as an interactive kiosk or a payment terminal with a compact design that meets the industry’s demand for a miniaturized footprint.
  • The moPOS solution offers an easy and pragmatic way to integrate tablet technologies into the retail environment. The unique solution easily transitions from mobile to stationary featuring a tablet that connects to a mobile device hub to interact with stationary point-of-sale (POS) technologies such as printers and scanners.
  • The C6010 automates cash handling by securely accepting, counting and balancing notes as they are received by the cashier— removing the need for a cash drawer while increasing security and efficiency.

At just under 10 inches (25 centimeters) wide, the new Extreme Self-Checkout Concept is just one and a half times the width of a dollar bill. Its miniaturized footprint fits perfectly in any environment while providing the individualized experiences that today’s consumers expect. The new concept, together with Diebold Nixdorf’s mobile application software solutions, enables retailers to connect the entire shopping experience for consumers beginning at home in the planning phase. Consumers are then able to use their retailer’s mobile app to build lists and receive suggestions on the fastest route through the store, personalized ads and recommendations based on their location. As the consumer moves through the store, they simply scan the items they wish to purchase using their mobile device. Once complete, the consumer can bypass traditional self-checkout lines via the Extreme Self-Checkout Concept and leave the store.

The entire TP Application Suite, a comprehensive suite of software solutions designed to provide high-quality, seamless experiences for consumers and enable advanced functionalities in the retail environment, will be showcased in both the Diebold Nixdorf booth and the Zebra Technologies booth #1603.

To ensure smooth deployment, maintenance and operations of all systems and software solutions, Diebold Nixdorf offers a comprehensive services portfolio for retailers. At NRF, Diebold Nixdorf will demonstrate how retailers can achieve operational excellence through a virtual reality retail experience.

“Today’s consumers expect faster, more convenient and individualized shopping experiences,” said Thomas Fell, Diebold Nixdorf senior vice president, retail. “Our comprehensive portfolio of technology and software drives efficiencies by digitalizing the in-store shopping experience and automating and accelerating the checkout process to improve convenience for both retailers and consumers.”

Also in the booth, AEVI, a Diebold Nixdorf subsidiary, will demonstrate its secure, cashless payment solutions together with a global software marketplace for high-quality, value-added apps and services for merchant banks and acquirers.

About Diebold Nixdorf

Diebold Nixdorf is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world’s top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an ‘always on’ and changing consumer landscape.

Diebold Nixdorf has a presence in more than 130 countries with approximately 25,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Shares are traded on the New York and Frankfurt Stock Exchanges under the symbol ‘DBD’. Visit www.DieboldNixdorf.com for more information.

[1] “Store Tech Trends H1 2016”, Planet Retail June 2016

Media Relations:
Renee Murphy
+1-330-490-5825
renee.murphy@dieboldnixdorf.com

Investor Relations:
Steve Virostek
+1-330-490-6319
steve.virostek@dieboldnixdorf.com

SOURCE: Diebold Nixdorf

Alibaba announces proposal to privatize department store operator Intime Retail

Transaction will transform conventional retail

Hangzhou, China, 2017-Jan-13 — /EPR Retail News/ — Alibaba Investment Limited (“Alibaba”), a wholly owned subsidiary of Alibaba Group Holding Limited (NYSE: BABA) (“Alibaba Group”) announced today (January 10, 2017) that Alibaba, together with an entity wholly-owned by Mr. Shen Guo Jun, founder of Intime Retail (Group) Company Limited (HKSE: 1833) (“Intime”) (together, the “Joint Offerors”), have requested the board of directors of Intime to put forward to shareholders a proposal to privatize the department store operator by way of a scheme of arrangement.

Shares in Intime will be cancelled in exchange for a payment by the Joint Offerors at HK$10.00 per share, representing a premium of approximately 53.59 percent over the average closing price of Intime shares over the last 60 days, and 42.25 percent over the closing price of HK$7.03 before trading was suspended on December 28, 2016.

Intime is a leading department store chain in China operating 29 department stores and 17 shopping malls, mainly in first- and second-tier cities in China. It has a particularly strong footprint in Zhejiang Province, where Alibaba Group is headquartered. Alibaba currently owns approximately 28% of the equity interests in Intime pursuant to an initial investment in July 2014 and a conversion into equity of convertible debt securities in June 2016. Under the proposed transaction, Alibaba would become the controlling shareholder of Intime and it is expected that its shareholding in the company would increase to approximately 74%.

The proposed transaction reflects Alibaba Group’s strategy to transform conventional retail by leveraging its substantial consumer reach, rich data and technology. With the advent of the mobile phone, the distinction between online and offline consumer shopping experience has become obsolete. “E-commerce” is no longer about shopping in front of a computer at home. Today’s consumers in China engage in commerce activities from anywhere, anytime, with the help of a mobile phone. This dynamic shift to mobile has enabled Alibaba Group to work with brick and mortar retailers to integrate online and offline customer data, enhance consumers’ in-store experience as well as achieve improvements in inventory efficiency and sales turnover. As of the quarter ended September 2016, 78% of the gross merchandise volume on Alibaba Group’s China retail marketplaces was generated from mobile, and mobile monthly active users reached 450 million in the month of September.

“China’s total retail sector is a US$4.5 trillion economy and is growing at 10.7% a year. Alibaba is working with offline retailers to transform conventional approach, create new consumer shopping experience and use actions to embrace future opportunities under the new retail model,” said Daniel Zhang, Alibaba Group Chief Executive Officer. “We don’t divide the world into real or virtual economies, only the old and the new. Those who cling on to the old ways of retailing will be disrupted, and brick and mortar businesses will be able to create value for consumers if they are integrated with the power of mobile reach, real-time consumer insights, and technology capability to improve operating efficiency. Our combination with Intime will enable us to tap into the long-term growth potential of a new form of retail in China powered by Internet technology and data.”

The maximum amount of cash required for the proposal is expected to be approximately HK$19.8 billion (US$2.6 billion). The Joint Offerors are financing the transaction through internal cash resources and/or external debt financing.

The proposed transaction is subject to customary closing conditions, including approval from Intime’s independent shareholders and the sanction of the Grand Court of the Cayman Islands. Please refer to the joint announcement filed with the Hong Kong Stock Exchange for details of the proposal to Intime shareholders.

The directors of Alibaba Investment Limited jointly and severally accept full responsibility for the accuracy of the information contained in this document and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this document have been arrived at after due and careful consideration and there are no other facts not contained in this document, the omission of which would make any statement in this document misleading.

Media Contacts:

Asia
Rachel Chan
Alibaba Group
+852 9400 0979
rachelchan@alibaba-inc.com

Rico Ngai
Alibaba Group
+852 9725 9600
rico.ngai@alibaba-inc.com

US & Europe
Robert H. Christie
Alibaba Group
+1917 860 9410
bob.christie@alibaba-inc.com

Brion Tingler
Alibaba Group
+1 917 528 1992
brion.tingler@alibaba-inc.com

Source: Alibaba Group

Alibaba Group to report financial results for the quarter ended December 31, 2016 on January 24, 2017

Hangzhou, China, 2017-Jan-13 — /EPR Retail News/ — Alibaba Group Holding Limited (NYSE: BABA) today (January 10, 2017) announced that it will report its unaudited financial results for the quarter ended December 31, 2016 before the U.S. market opens on Tuesday, January 24, 2017, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (8:30 p.m. Hong Kong Time) the same day.

Details of the conference call are as follows:
International: +65 6713 5090
U.S.: +1 845 675 0437
U.K.: +44 203 621 4779
Hong Kong: +852 3018 6771
Conference ID: 48066090

A live webcast of the earnings conference call can be accessed at http://www.alibabagroup.com/en/ir/earnings. An archived webcast will be available through the same link following the call. A replay of the conference call will be available for one week (dial-in number: +61 2 8199 0299; conference ID: 48066090).

Please visit Alibaba Group’s Investor Relations website at http://www.alibabagroup.com/en/ir/home on January 24, 2017 to view the earnings release and accompanying slides prior to the conference call.

About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years.

Investor Contact:
Rob Lin
Investor Relations
Alibaba Group Holding Limited
investor@alibabagroup.com

Source: Alibaba Group

Product recall: Dunkin’ Donuts Glass Tumblers

CANTON, MA, 2017-Jan-13 — /EPR Retail News/ — U.S. Consumer Product Safety Commission – Fast Track Recall

Recall Date: January 10, 2017

Recall Number: 17-06617-066

Recall Summary

Name of Product: Dunkin’ Donuts Glass Tumblers

Hazard: The glass tumblers can crack or break, posing laceration and burn hazards.

Remedy: Refund

Consumers should immediately stop using the recalled glass tumblers and return them to the Dunkin’ Donuts restaurant where purchased for a full refund.

Consumer Contact: Dunkin’ Donuts at 800-859-5339 from 7 a.m. to 7 p.m. ET Monday through Friday, or online at www.dunkindonuts.com and click on “Learn More” next to the safety recall alert for more information.

Recall Details

Units: About 8,300

Description: This recall involves 16 ounce glass tumblers for hot and cold beverages, sold in three styles. They are approximately 8 inches tall and approximately 3 inches in diameter. The first style has “BUT FIRST, DUNKIN” written in white font on the inside layer of glass, a clear lid and pink plastic where the lid connects with the base of the tumbler. The second style has “BUT FIRST, DUNKIN” written in white font on the inside layer of glass, a clear lid, and orange plastic where the lid connects with the base of the tumbler. The third style has a black and gray plaid pattern on the inside layer of glass, a black silicone grip with the letters “DD” embossed on it, and a black lid.

Incidents/Injuries: Dunkin’ Donuts has received 19 reports of the glass tumblers cracking or breaking. No injuries have been reported.

Sold at: Dunkin’ Donuts stores from September 2016 through November 2016 for between $13 and $15

Distributor: Dunkin’ Brands, Inc., of Canton, Mass.

Importer: Moderne Glass, of Aliquippa, Pa.

Manufactured in: China

This recall was conducted, voluntarily by the company, under CPSC’s Fast Track Recall process. Fast Track recalls are initiated by firms, who commit to work with CPSC to quickly announce the recall and remedy to protect consumers.

About U.S. CPSC:
The U.S. Consumer Product Safety Commission is charged with protecting the public from unreasonable risks of injury or death associated with the use of thousands of types of consumer products under the agency’s jurisdiction.  Deaths, injuries, and property damage from consumer product incidents cost the nation more than $1 trillion annually. CPSC is committed to protecting consumers and families from products that pose a fire, electrical, chemical or mechanical hazard. CPSC’s work to ensure the safety of consumer products – such as toys, cribs, power tools, cigarette lighters and household chemicals – contributed to a decline in the rate of deaths and injuries associated with consumer products over the past 40 years.

Federal law bars any person from selling products subject to a publicly-announced voluntary recall by a manufacturer or a mandatory recall ordered by the Commission.

To report a dangerous product or a product-related injury go online to www.SaferProducts.gov or call CPSC’s Hotline at 800-638-2772 or teletypewriter at 301-595-7054 for the hearing impaired. Consumers can obtain news release and recall information at www.cpsc.gov, on Twitter @USCPSC or by subscribing to CPSC’s free e-mail newsletters.

CPSC Consumer Information Hotline:
Contact us at this toll-free number if you have questions about a recall:
800-638-2772 (TTY 301-595-7054)

Times: 8 a.m. – 5:30 p.m. ET; Messages can be left anytime
Call to get product safety and other agency information and to report unsafe products.

Media Contact:
Phone: 301-504-7908
Spanish: 301-504-7800

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Product recall: Dunkin’ Donuts Glass Tumblers

 

Source:  Dunkin’ Donuts