REI launched a comprehensive effort to advance gender equity in the outdoors

  • Long-range effort will advance gender equity outdoors
  • Women will be front and center in REI storytelling for rest of 2017
  • $1M will support nonprofits that create opportunities for women in the outdoors

SEATTLE, 2017-Apr-10 — /EPR Retail News/ — Outdoor co-op REI today (03.30.2017) launched a comprehensive effort to advance gender equity in the outdoors, encouraging millions of its members to embrace the outdoors as “the world’s largest level playing field.” From gear to experiences and from nonprofit partnerships to powerful women-first storytelling, Force of Nature aims to ensure that women are just as inspired and equipped as men to embrace life outside. Force of Nature features four components: a comprehensive effort to change the male-dominated imagery of people in the outdoors; a $1 million commitment in 2017 to support nonprofits that create opportunities for women in the outdoors; a stepped-up effort to develop and offer high-quality technical gear and apparel for women; and the launch of over 1,000 events designed for women, beginning May 6.

Force of Nature is a public-facing effort that builds on nearly eight decades of REI work to create more access to the outdoors for women. The co-op has a balanced leadership team. Women hold more than 40 percent of senior leadership roles, including the current chief financial officer, chief information officer, and the heads of human resources, merchandising and strategy. One third of the REI board of directors are women.

Current CEO Jerry Stritzke, who succeeded previous CEO Sally Jewell, has publicly led the effort to advance women’s leadership across the outdoor industry. One of his first acts as CEO was to launch a five-year, $1.5 million effort with Camber Outdoors that sparked women’s innovation and leadership in the outdoor industry.

REI board chair, Cheryl Scott, said:

“The leaders of REI have been pushing to change the way things are done in the outdoor industry since I got on the board 12 years ago. This moment makes me proud to serve REI because it’s not about putting women above men – it’s about creating equal opportunity and levelling-up in areas where there are still obvious gaps. I hope millions of REI members will embrace this because more balance outdoors means our kids, our families and our society will benefit.”

REI president and CEO, Jerry Stritzke, said:

“At REI, we believe a life outdoors is a life well lived for all. That means we support equality from the backcountry to the boardroom. As a man and a CEO, I believe it is important for every leader in an organization, regardless of gender, to champion equality and we are doing the hard work here at REI to make that happen. This isn’t about elevating one group above another or pivoting REI to serve one gender over another. This is about ensuring women are just as inspired and equipped as men to embrace life outside. Everyone should expect to get the same level of expert service, gear and experiences, and we need to get better as an industry at doing that.”

REI senior vice president of merchandising and board chair of Camber Outdoors, Susan Viscon, said:

“Strong women leaders have helped REI thrive since 1938. Force of Nature is rooted in that proud heritage. We’re taking an even harder run at ensuring women have access to the same high-end gear men do, which I’m particularly proud of. That’s been a consistent part of my mission here at the co-op ever since I joined 20 years ago, and it’s inspiring to see how our vendor partners have stepped up.”

Today, REI also published a national study commissioned to better understand the role the outdoors plays in women’s lives and how the outdoors is perceived today. The study revealed that 7 out of 10 women believe that women are under more pressure to conform than men, and that they also view the outdoors as an antidote to that pressure. Additionally, the study found that more than 85 percent of women see the outdoors as key to better physical and mental health, and overall well-being, and 73 percent say they would like to spend more time outdoors.

Changing the Male-Dominated Imagery of People Outdoors
The co-op has committed to putting women first and foremost in all of its storytelling for the remainder of 2017. The effort will “take over” REI’s digital marketing, social media content and media partnerships, and storytelling across member communications, REI Adventures, Outdoor School, REI Adventure Projects and internal communications. REI will host a film festival this fall focused on women in the outdoors, and partnered with Outside magazine to help them create their first ever all-women’s issue, due on newsstands April 11.

$1M to Support Community Organizations that Create Opportunities for Women Outdoors
As part of its annual commitment to create access to the outdoors for all, the co-op will invest over $1 million in community organizations that create more opportunities for women and girls to get outside in 2017. Roughly $500,000 will support organizations such as Camber Outdoors, GirlTrek and the YMCA’s BOLD/GOLD initiative. REI also unveiled a new $500,000 fund, available through an open call submission process, for additional organizations that create opportunity for women and girls in the outdoors. Up to $300,000 of this fund will be fueled by a custom-designed bandana, an artist collaborative T-shirt and member-exclusive REI Flash pack.

Outfitting Women for Outdoor Adventure
REI will continue to work with its partners to elevate and invest in companies that are creating the world’s best outdoor gear for women. For decades, REI has pushed the outdoor industry to put the “pink-it-and-shrink-it” philosophy aside and offer high performance women-specific outdoor gear. Women-specific product has improved dramatically, but in certain product categories, there remains a gap between the quality of high end men’s and women’s gear available. Several brands have stepped up as partners with an increased focus on world class women’s gear, particularly in women-specific fit and assortment, including Osprey, GHOST, Oiselle, Arc’teryx, Terry, Oboz, Darn Tough, Outdoor Research and prAna.

Over 1,000 Events Designed to Get Women Outside
Beginning today, REI opened registration to hundreds of REI Outdoor School classes and experiences across the country designed for women. On May 6, the co-op will offer a full day of Force of Nature experiences and programs hosted by its Outdoor School’s expert instructors and community partners. These events will continue throughout the summer, with more than 1,000 events, many of them happening weekly on “Force Wednesdays” in select markets.

The co-op will also host three REI Outessa retreats at breathtaking mountain settings. These immersive, three-day outdoor adventures enable women to find their outdoor community, do what they love and try something new in the country’s most beautiful outdoor playgrounds. Retreats are scheduled at Kirkwood Mountain Resort in California from July 14-16, Mt. Hood in Oregon from August 18-20 and Waterville Valley Resort in New Hampshire from September 22-24.

REI Adventures has also launched a collection of 19 Women’s Adventures in Africa, Europe, Latin America, New Zealand and North America. These extraordinary journeys are designed specifically for all-women groups and led by female guides.

About REI
REI is a specialty outdoor retailer, headquartered near Seattle. The nation’s largest consumer co-op, REI is a growing community of more than 16 million members who expect and love the best quality gear, inspiring expert classes and trips, and outstanding customer service. REI has 147 stores in 36 states. If you can’t visit a store, you can shop at REI.comREI.com/REI-Garage or the free REI shopping app. REI isn’t just about gear. You can take the trip of a lifetime with REI Adventures, a global leader in active adventure travel that runs 170 custom-designed itineraries on every continent. REI’s Outdoor School is run by professionally-trained, expert-instructors who teach beginner- to advanced-level courses about a wide range of activities. To build on the infrastructure that makes life outside possible, REI invests millions annually in hundreds of local and national nonprofits that create access to–and steward–the outdoor places that inspire us.

Contact:

REI Public Affairs
(253) 395-5958
prrequests@rei.com

Source: REI

EINE NEUE MIGROS FÜR STEIN AM RHEIN

EINE NEUE MIGROS FÜR STEIN AM RHEIN

 

Gossau, Switzerland, 2017-Apr-10 — /EPR Retail News/ — Die Migros Ostschweiz will an der Kaltenbacherstrasse in Stein am Rhein eine neue Migros-Filiale realisieren.

Gebäude, Tiefgarage und die Inneneinrichtung des bestehenden Migros-Supermarkts an der Grossi Schanz 10 sind veraltet. Auch die Partnerflächen sind seit längerer Zeit nicht mehr vermietet. Zudem ist die versteckte Lage am Rande des Stadtkerns nicht ideal. Deshalb plant die Migros Ostschweiz, einen neuen Supermarkt in der Überbauung der Siluxplan AG auf der anderen Seite des Rheins zu  realisieren.

Das Land, auf dem die Überbauung entstehen soll, gehört der Stadt Stein am Rhein. Der Einwohnerrat hat in seiner Sitzung vom 7. April die Entscheidung zum Verkauf des Landes an die Siluxplan AG an eine Volksabstimmung delegiert. Der frühestmögliche Termin dafür ist der 21. Mai 2017. „Die Lage an der Hauptachse auf der anderen Rheinseite macht die geplante Überbauung zu einem idealen Standort für die Migros, da diese so für den Grossteil der Kundschaft einfacher zu erreichen ist“, kommentiert Dominique Lumpert, Leiter Direktion Supermarkt bei der Migros Ostschweiz. „Wir hoffen daher, dass die Bevölkerung von Stein am Rhein den Landverkauf gut heisst und wir dort einen modernen und frischen Supermarkt für unsere Kundinnen und Kunden realisieren können.“

Attraktive Partnerfläche

In der Überbauung sollen zudem sechs weitere Mietflächen entstehen, Gespräche zur Vermietung werden aktuell von der Projektentwicklerin der Überbauung, der Omegaplan AG geführt. Als weitere mögliche Mieter bereits fest stehen eine Drogerie und ein Café/Restaurant.

Kommunikation:

Silke Seichter
Genossenschaft Migros Ostschweiz
Industriestrasse 47
9201 Gossau
TEL: 071 493 24 50
FAX: 071 493 27 89
E-MAIL: silke.seichter@gmos.ch

Source; Migros

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Starbucks store at Wrigleyville in Chicago

Starbucks store at Wrigleyville in Chicago

 

Seattle, 2017-Apr-10 — /EPR Retail News/ — Chicago is a city of neighborhoods. From the glamorous Gold Coast to the museums of the Magnificent Mile, each community has a personality all its own.

One of the most celebrated is Wrigleyville – home of Wrigley Field and the Chicago Cubs. For more than 100 years, baseball fans have enjoyed games in this walkable, lively neighborhood, with buildings so close to the stadium that fans can watch the games from nearby rooftops.

Starbucks has had a presence in Wrigleyville for more than 20 years, and is now a part of its next chapter with the opening of a Starbucks store anchored in the new Park at Wrigley. In addition to its core menu, the new location will take influence from its Seattle Starbucks Reserve®  Roastery with an immersive coffee bar where baristas bring the craft of coffee to life through brewing techniques such as Clover, pour-over, coffee press, nitro taps, Chemex, Siphon and Black Eagle manual espresso. Starbucks stores with a Reserve coffee bar will make up 20 percent of the company’s store portfolio globally over time.

“We wanted the design to be authentic to the community and to the heritage of baseball in Chicago,” said Claudine Lostao, director of store design for Starbucks in the Midwest and Mid America. “The richness of the leather and stitching details at the Reserve Bar are inspired by the game.”

Upon entry, customers are drawn in by the 68-foot long curving wood beams that start at the top of the front doors and lead the eye through the length of the space to the bar, which takes center stage as the theatre of coffee art within the space. On warm days, glass doors open up onto the adjacent open-air park which will host community festivals and farmers markets. The design team also paid tribute to the home team in the details, such as custom chairs with red baseball stitching and under-counter lighting at the bar that can glow red or blue.

The artistic focal point of the space is a 45-foot custom mural by artist Shogo Ota called “Coffee People,” which depicts the people behind coffee’s journey from farm to cup. Ota has created other similar coffee pieces for Starbucks green cup last November and the wooden doors at the Starbucks store in Ferguson, Mo.

“Wrigleyville is a community with a deep sense of history,” Lostao said. “We wanted to celebrate the spirit of the neighborhood as well as the game of baseball.”

Starbucks in Chicago

Starbucks opened its first store in Chicago in 1987, and is at the forefront of new Starbucks® experiences with distinctive stores on Michigan Avenue and fashion retailer UNIQLO. In the past year, Starbucks has also opened an express format store at Union Station, stores with Starbucks Reserve bars in Lake Forest and Wicker Park, and a new store and training center on Chicago’s South Side, to create opportunities for local jobs and provide job skills and training to youth.

Chicago will be also one of the first to showcase a new Starbucks Reserve® store format, none of which exist yet today. The store, which is slated to open in the next year, will integrate the theater and romance of the Starbucks Reserve® Roastery with the unique culinary experience of its Italian food partner, Princi.

MEDIA CONTACT:

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

SOURCE: Starbucks Corporation

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EROSKI y Kutxabank firman un acuerdo para apoyar a franquiciados con condiciones ventajosas de financiación

EROSKI y Kutxabank firman un acuerdo para apoyar a franquiciados con condiciones ventajosas de financiación

 

  • Kutxabank ofrecerá una completa gama de productos financieros con condiciones ventajosas a los actuales y futuros franquiciados de EROSKI con la finalidad de cubrir las necesidades financieras propias de su negocio
  • EROSKI prevé superar las 100 aperturas de supermercados franquiciados durante este año

ELORRIO,España, 2017-Apr-10 — /EPR Retail News/ — Kutxabank, comprometido con el sector de la distribución, ha puesto a disposición de todos los franquiciados de EROSKI una línea de financiación con condiciones ventajosas para un amplio conjunto de productos y servicios, que permitirá a estas empresas franquiciadas por EROSKI apoyar sus necesidades financieras, así como otras derivadas de su actividad diaria.

El acuerdo, que ha sido firmado por el Director de Banca Corporativa de Kutxabank, Jon Azurza, y Enrique Martínez Sanz, director de Franquicias de EROSKI, sitúa la oferta financiera de Kutxabank en una posición destacada en relación a la financiación de pequeñas empresas y emprendedores que deciden poner en marcha su propio negocio de la mano de las franquicias de EROSKI. Este acuerdo no sólo muestra el compromiso que Kutxabank tiene con el sector de la distribución alimentaria y el tejido empresarial, sino que ayudará al desarrollo del sector de las franquicias fomentando su crecimiento.

“Junto a las soluciones financieras más avanzadas, los nuevos franquiciados tendrán en Kutxabank a un colaborador cercano, que mantiene una elevada capilaridad en los territorios en los que está afincada la entidad” ha afirmado Azurza durante la firma del acuerdo. “Kutxabank colabora estrechamente con los comercios clientes, escucha sus problemas, facilita la identificación de soluciones y, finalmente, colabora en plantear alternativas financieras para impulsar el desarrollo de los negocios” ha añadido.

Durante este ejercicio EROSKI prevé superar las cien aperturas, focalizando su expansión principalmente en las regiones de Andalucía, Madrid, Castilla La Mancha, Extremadura y Levante. Estas aperturas suponen, junto a la transformación emprendida de su red de tiendas propias, un fuerte impulso a la expansión del modelo comercial ‘contigo’ que define la nueva generación de tiendas EROSKI.

La red franquiciada de EROSKI es una oportunidad de futuro para emprendedores por su potencial rentabilidad y un modelo de negocio altamente competitivo y rentable, apoyado por una estrecha relación colaborativa entre EROSKI y el franquiciado. Es un modelo de franquicia que destaca por generar actividad a través de una alta relación con el cliente y en el que el comerciante es gestor directo de su propio negocio, con el respaldo de profesionales con gran experiencia en el sector de la distribución y una marca de confianza que les respalda.

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

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

Source: Eroski

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Fresh Express announces precautionary recall of limited number of Organic Marketside Spring Mix salad

Orlando, Fla, 2017-Apr-10 — /EPR Retail News/ — Fresh Express is announcing a precautionary recall of a limited number of cases of Organic Marketside Spring Mix.

The item subject to the recall is 5 oz. Organic Marketside Spring Mix marketed in a clear container with production code G089B19 and best-if-used-by date of APR 14, 2017 located on the front label, and UPC code 6 8113132897 5 located on the bottom of the container. The recalled salads were distributed only to Walmart stores located in the Southeastern region of the United States.

The recall was necessitated when Fresh Express was notified that extraneous animal matter was allegedly found in a single container of the salad. Out of an abundance of caution, all salads manufactured in the same production run are being recalled.

No other Marketside salads are included in the recall. Fresh Express salads are not subject to a recall.

Walmart acted quickly to remove the product from store shelves.

Consumers who may have already purchased the recalled product should discard and not consume it. A full refund is available where purchased or by calling the Fresh Express Consumer Response Center toll-free at (800) 242-5472 during the hours of 8 a.m. to 7 p.m. Eastern Time.

Upon receiving notification, both Walmart and Fresh Express food safety and rapid response teams, in close coordination with regulatory authorities, acted immediately to review all relevant records, launch an intensive investigation and initiate product removal and recall procedures.

Fresh Express takes matters of food safety very seriously and rigorously complies with all food safety regulations including the proscribed Good Agricultural Practices. In addition, a range of stringent controls are in place during growing and harvesting to mitigate against field material from entering the raw product system. In manufacturing, additional controls including thorough washing and filtration systems as well as visual inspections that are designed to eliminate unwanted debris.

Recalled Product Details

  • Organic Marketside Spring Mix – 5 oz. clear container
  • Production Code of G089B19 and best-if-used-by date of APR 14 2017, located on the top label
  • UPC Code of 6 8113132897 5 located on the bottom of the container next to the bar code

Recalled Product Distribution

Fresh Express Precautionary Recall, 5 oz. Organic Marketside Spring Mix
(No other Marketside Salads and No Fresh Express Salads are included in this recall)

Brand PRODUCT NAME SIZE UPC PRODUCTION CODE BEST IF USED BY DATE POSSIBLE DISTRIBUTION STATES
Marketside Organic Spring Mix 5 oz. 6 8113132897 5 G089B19 APR 14 2017 AL, FL, GA, LA, MS, NC, SC, VA,

Consumers Contact:

Fresh Express
(800) 242-5472

Walmart
(800) WAL-MART

Media Contact:

Fresh Express
Donna Watkins
(512) 848-1698

Walmart
(800) 331-0085

Source: FDA

CBRE: Vacant space in the U.S. office market rose to 13.0 percent during the Q1 2017

Los Angeles, 2017-Apr-10 — /EPR Retail News/ — Vacant space in the U.S. office market rose modestly during the first quarter of 2017 (Q1 2017) to 13.0 percent. The 10 basis points (bps) increase was attributable to increased office supply, according to the latest analysis from CBRE Group, Inc.

The vacancy rate in suburban markets increased by 10 bps, to 14.2%, while downtown vacancy also increased by 10 bps, to 10.7%. Despite the quarter’s overall increase, vacancy continued to fall in nearly half of the U.S. office markets, and the national office vacancy rate remains near its post-recession low.

”The office market appears to have reached equilibrium and the strong economy, including solid employment numbers, is likely to help offset rising supply,” said Jeffrey Havsy, Americas’ chief economist for CBRE.

The largest quarterly declines in vacancy were recorded in Kansas City (150 bps), Wilmington, DE (120 bps) and Tulsa (100 bps). Albuquerque, Tucson, Orlando, Las Vegas and Richmond, each declined by 70 bps or more. Among the markets with increased vacancies in the quarter was Nashville, which recorded a 250-bps rise in vacancy due to new construction. Cincinnati, Fort Worth, Salt Lake City, Houston reported rate increases of 80 bps or more.

“Several markets are likely to continue to soften, but the overall office market remains relatively healthy,” noted Mr. Havsy.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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

Source:  CBRE Group, Inc.

ASW’s Global Health Survey: France and the Philippines the most health-savvy European and Asian markets respectively

  • France and the Philippines are the most health-savvy European and Asian markets respectively
  • The global survey also reveals the correlation between happiness and health
  • One in every five people seek pharmacist’s advice when feeling ill

HongKong, 2017-Apr-10 — /EPR Retail News/ — To coincide with World Health Day, an annual global health awareness day designated by the World Health Organization (WHO), A.S. Watson Group (ASW) announced today ( April 7th, 2017) the results of the Group’s first-ever Global Health Survey conducted by A.S. Watson Group’s WISE customer panel, with responses from more than 10,000 customers in 11 European and Asian markets, providing valuable insights into the expectations and needs customers around the globe have in personal health and wellbeing.

A large-scale research to understand global trend and local needs on health
The research was conducted with 10,580 customers of ASW brands in 11 markets, from November 2016 through January 2017. Respondents aged between 15 and 60 years took the survey voluntarily to share their thoughts on an array of health topics.
Respondents were asked about their perceived level of health and how knowledgeable they thought they were about health. WISE devised a formula to harness the vast data so to generate a holistic understanding of the general level of health of the surveyed markets – which was aptly named the Global Health Index; markets which had more people considering themselves healthy and well-versed in health matters scored better in the Index.

Among the 11 surveyed markets, France topped the list, followed by the Netherlands, the United Kingdom, the Philippines, Singapore, Malaysia, Ukraine, China, Thailand, Taiwan, and Hong Kong came in last. Overall, European markets fared better than Asian ones, while Ukraine, Thailand and the three Greater China markets did worse than the global average.

Smile and health are two sides of the same coin
This year’s World Health Day was devoted to raising awareness of depression. In order to learn more about mental health the Global Health Research asked and found that the older we are, the less we smile. This downward trend is alarming and signified the urgency for us to act and improve mental health around the world. Luckily, the Research shed light on a possible solution, with lots of laughs. The Research revealed the relationship between happiness and perceived health condition. For markets whose people smile more often, they enjoy a higher perception of health and wellbeing as well, e.g. France, China, the Philippines, and Malaysia (please refer to image 2 in the Appendix).

Pharmacists poised to play a bigger role in the community
ASW believes community pharmacists can play bigger roles in the communities around the globe to alleviate the ever-increasing healthcare burden on customers’ and healthcare systems’ shoulders. The Global Health Research found that the majority of people (69%) go to doctors for medical advice, with only 21% would talk to a community pharmacist for medical advice; meanwhile, 35% revealed that they have sought advice from the internet, which could put public health in danger since online advice are not all guaranteed credible.

Honorary Associate Professor William Chui, president of the Society of Hospital Pharmacists of Hong Kong, expected a more engaged role for community pharmacists, “Professionally trained with healthcare expertise, both hospital pharmacists and community pharmacists can be and have been trusted professionals in the communities and should be regarded as an authoritative source of health and medical advice; pharmacists can also lessen the mounting pressure on a community’s prevailing healthcare sector, public or private, and release valuable healthcare resources to more critical needs.”

Mobilising 46,000,000 people around the world to #GetActive!
In response to the Research results, and also the WHO’s Sustainable Development Goal, A.S. Watson will organise the Global Health Campaign to promote healthy lives and well-being for all at all ages.

Themed under “#GetActive”, the Global Health Campaign encourages a more active lifestyle through engaging our customers. All participating ASW markets will organise activities on health topics to energise over 46,000,000 customers around the world. By organising health-themed events we hope to make our communities healthier, including #GetActive outdoor sports challenges, flashmob exercises, in-store activities and social media education campaigns.

To further answer the call from WHO to fight depression, the ASW Global Smile Campaign in June will relay positive energy to all markets around the world, we hope to make our communities more supportive, and eventually free from depression. Apart from fun and engaging activities, people can also visit http://projectlol.hk/share-smile/, upload their cheerful selfies, get their smiles rated and share the joy with all on the social media.

Ms Malina Ngai, JP, Chief Operating Officer of A.S. Watson Group further explained the reason for taking the health campaign to a global scale, “ASW was founded over 175 years ago to provide quality health products to customers. In view of the facts garnered from Global Health Research, we know that people say they want to be healthier by exercising, but not many of them walk the talk. As the leading international health and beauty retailer in Asia and Europe, we want to challenge the mindset of the people that we can all be active in daily life without putting on sports gear, encourage more of them to live healthier, and create closer bonding with their favourite brands by using our healthcare expertise, online and offline.”

Contact:

+852 2606 8833
+852 2690 2836
grouppr@aswatson.com

Source: A.S. Watson Group

Sunoco LP to divest a majority of convenience stores to 7-Eleven for $3.3 billion

  • Executes definitive agreement to divest a majority of convenience stores to 7-Eleven for $3.3 billion
  • Includes 15-year take-or-pay fuel supply agreement with 7-Eleven starting with approximately 2.2 billion gallons annually
  • Launches sales process for remaining convenience stores in North and West Texas, New Mexico and Oklahoma
  • Investor call scheduled for 8:00 AM Central Time on Thursday, April 6th 

DALLAS, 2017-Apr-10 — /EPR Retail News/ — Sunoco LP (NYSE: SUN) (“SUN”) today (Apr 06, 2017) announced that it entered into a definitive asset purchase agreement for the sale of a majority of its convenience stores to 7-Eleven, Inc. (“7-Eleven”).

Total consideration in the transaction is $3.3 billion in cash plus fuel, merchandise and other inventories.  SUN expects to use the proceeds to repay indebtedness and for general partnership purposes.

SUN President and Chief Executive Officer Bob Owens stated, “The sale of these retail assets to 7-Eleven is the beginning of an exciting evolution for SUN into a premier nationwide fuel supplier.  Our supply agreement with 7-Eleven provides SUN with a predictable long-term income stream, and this transaction quickly allows SUN to improve its financial profile.”

Assets being sold to 7-Eleven include approximately 1,110 convenience stores in 19 geographic regions primarily along the East Coast and in Texas, and the associated trademarks and intellectual property of the Laredo Taco Company and Stripes.  As part of the transaction, SUN will enter into a 15-year take-or-pay fuel supply agreement with a 7-Eleven subsidiary under which SUN will supply approximately 2.2 billion gallons of fuel annually.  This supply agreement will have guaranteed annual payments to SUN, provides that 7-Eleven will continue to use the Sunoco brand at currently branded Sunoco stores and includes committed growth in future periods.

Approximately 200 convenience stores in North and West Texas, New Mexico and Oklahoma will be sold in a separate process.  SUN’s Aloha Petroleum business unit in Hawaii will continue to operate its highly efficient and integrated business model within SUN.  Likewise, the transaction does not include SUN’s highly successful APlus franchisee-operated stores.

SUN’s transaction with 7-Eleven is the first step in SUN’s strategic shift away from company-operated convenience stores to focus on its industry-leading fuel supply business.  Led by the iconic Sunoco fuel brand and successful APlus franchise, SUN plans to be a leading consolidator in the domestic wholesale fuels business, supplying fuel to a network of more than 8,900 locations of third-party dealers, distributors and other commercial customers, with an enhanced focus on MLP qualifying income. Additionally, the proceeds received in this transaction will be used to further enhance SUN’s credit profile and leverage profile.

This transaction is subject to regulatory clearances and customary closing conditions and is expected to close by the fourth quarter 2017.

J.P. Morgan Securities LLC (“JP Morgan”) served as SUN’s exclusive financial advisor for the transaction.  In addition, SUN has retained JP Morgan to market the approximately 200 remaining convenience stores in North and West Texas, New Mexico and Oklahoma.

Conference Call

Sunoco LP management will hold a conference call on Thursday, April 6, at 8:00 a.m. CT (9:00 a.m. ET) to discuss the transaction.  To participate, dial 201-389-0877 approximately 10 minutes early and ask for the Sunoco LP conference call.

About Sunoco LP

Sunoco LP (NYSE: SUN) is a master limited partnership that operates 1,345 convenience stores and retail fuel sites and distributes motor fuel to 7,845 convenience stores, independent dealers, commercial customers and distributors located in 30 states. Our parent — Energy Transfer Equity, L.P. (NYSE: ETE) — owns SUN’s general partner and incentive distribution rights.

Cautionary Statement Relevant to Forward-Looking Information

This press release includes forward-looking statements regarding future events. These forward-looking statements are based on SUN’s current plans and expectations and involve a numbers of risks and uncertainties that could cause actual results and events to vary materially from the results and events anticipated or implied by such forward-looking statements. For a further discussion of these risks and uncertainties, please refer to the “Risk Factors” section of SUN’s most recently filed annual report on Form 10-K and in other filings made by SUN with the Securities and Exchange Commission.  While Sunoco may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so, even if new information becomes available.

Contacts:
Investors:
Scott Grischow
Senior Director
Investor Relations and Treasury
(214) 840-5660
scott.grischow@sunoco.com

Patrick Graham
Senior Analyst
Investor Relations and Finance
(214) 840-5678
patrick.graham@sunoco.com

Media:
Alyson Gomez
Director – Communications
(469) 646-1758
alyson.gomez@sunoco.com

SOURCE: Sunoco LP

Stripes® Convenience Stores and APlus® Store host in-store campaigns to support Children’s Miracle Network Hospitals

SALT LAKE CITY and DALLAS, 2017-Apr-10 — /EPR Retail News/ — Now through May 3, Stripes® Convenience Stores and APlus® Stores will be asking customers to “Put Their Money Where The Miracles Are” and purchase a $1 Miracle Balloon to raise funds for Children’s Miracle Network Hospitals (CMN Hospitals).

Stripes and APlus, operated by Sunoco LP, have partnered with CMN Hospitals since 2000, raising more than $11 million for sick and injured kids. In 2016, Sunoco’s team members raised more than $1.8 million during their spring campaign.

“Sunoco LP is committed to serving the needs of the communities in which we live and work,” said Eduardo Pereda, Vice President of Convenience Brands for Sunoco LP. “Over the past 16 years, our guests have inspired us through their generous spirit by showing incredible support for our local children’s hospitals. That generous spirit has energized all of us at Sunoco LP to continue the partnership in 2017 in the hopes of helping even more children in our communities.”

Funds raised through the in-store campaigns are unrestricted, meaning the hospitals can use the funds where they are needed most. Donations raised during the campaign have a direct impact on the millions of kids treated at local CMN Hospitals. These funds help kids like Morgan, a leukemia patient treated at Hendrick Children’s Hospital in Texas. Donations helped purchase infusion kits that helped Morgan get better.

“Stripes and APlus Stores are a huge part of helping kids in the communities these stores serve get better,” said John Lauck, president and CEO of Children’s Miracle Network Hospitals. “I can’t thank stores’ customers and employees enough for all they do for the kids.”

Funds raised from the CMNH partnership with Sunoco will stay in the local communities. These donations help make miracles happen by funding vital medical care, equipment and therapy programs that save and improve the lives of more than 10 million sick and injured children a year.

About Sunoco LP 
Sunoco LP (NYSE: SUN) is a master limited partnership that operates approximately 1,345 convenience stores and retail fuel sites and distributes motor fuel to approximately 7,325 convenience stores, independent dealers, commercial customers and distributors located in 30 states. Our parent — Energy Transfer Equity, L.P. (NYSE: ETE) — owns SUN’s general partner and incentive distribution rights.  For more information, visit the Sunoco LP website at www.SunocoLP.com.

About Children’s Miracle Network Hospitals
Children’s Miracle Network Hospitals® raises funds and awareness for 170 member hospitals that provide 32 million treatments each year to kids across the U.S. and Canada. Donations stay local to fund critical treatments and healthcare services, pediatric medical equipment and charitable care. Since 1983, Children’s Miracle Network Hospitals has raised more than $5 billion, most of it $1 at a time through the charity’s Miracle Balloon icon. Its various fundraising partners and programs support the nonprofit’s mission to save and improve the lives of as many children as possible. Find out why children’s hospitals need community support, and learn about your member hospital, at CMNHospitals.org and facebook.com/CMNHospitals.

Contact:      
Jeamy Molina
Jeamy.molina@sunoco.com
469-646-1776

Emily Cawley
ecawley@cmnhospitals.org
801-214-6618

SOURCE: Sunoco LP