Sports Direct International plc to acquire 50 Bob’s Stores and Eastern Mountain Stores in the US

Shirebrook, UK, 2017-Apr-22 — /EPR Retail News/ — Sports Direct International plc (Sports Direct) announces that, on 19 April 2017, it received the approval of the Delaware Bankruptcy Court to acquire certain assets of Eastern Outfitters LLC, comprising the businesses of Bob’s Stores and Eastern Mountain Sports pursuant to a s.363 sale process, following the filing by Eastern Outfitters LLC (the parent company of Bob’s Stores and Eastern Mountain Stores) under Chapter 11 in the US. The businesses to be acquired include (following closures) approximately 50 retail stores in the US under the Bob’s Stores and Eastern Mountain Stores fascias selling predominantly sports and casual wear, and outdoor and camping equipment and clothing.

The aggregate cost of the acquisition to Sports Direct amounts to $101m in cash, all of which has either been advanced by Sports Direct by way of debtor-in-possession and other loans to Eastern Outfitters LLC prior to, and as part of, the Chapter 11 process, or been used by Sports Direct for the acquisition of Eastern Outfitters’ debt, in each case in the period since 27 January 2017.

In the financial period to 28 January 2017, the businesses being acquired incurred a pre-tax net operating loss of $26m. As at 28 January 2017, the gross assets of the businesses being acquired was $126m.

The acquisition is expected to complete in the first half of May 2017 and will provide Sports Direct with a footprint in US bricks-and-mortar retail and a platform from which to grow US on-line sales.

SOURCE: Sports Direct International

Contacts:

Sports Direct International
Cameron Olsen, Company Secretary
T. 0344 245 9200
E. investor.relations@sportsdirect.com

KBA PR
Keith Bishop
T. 0207 734 9995
E. sd@kbapr.com

CVS Pharmacy introduces new store design to enhance retail customer experience

CVS Pharmacy introduces new store design to enhance retail customer experience

Reimagined store design, new health services, an expanded offering of health and beauty products and “better-for-you” food options rolling out

Company will also remove certain chemicals from its beauty and personal care products and is developing new standards for vitamin and supplement offerings

WOONSOCKET, R.I., 2017-Apr-22 — /EPR Retail News/ — CVS Pharmacy, the retail division of CVS Health (NYSE: CVS), today unveiled a new store design to enhance the retail customer experience with a new assortment of healthier food, health-focused products and expanded beauty selections paired with informational signage throughout the store to help customers discover new offerings. Together with its innovative digital programs, these changes represent the next evolution of the customer experience at CVS Pharmacy.

“Pharmacy is the heart of our business and our focus on providing care to patients and customers defines everything we do in our stores,” said Helena Foulkes, President of CVS Pharmacy and Executive Vice President, CVS Health. “Our new retail offerings leverage our deep expertise in health to enhance our customers’ shopping experience. The same guiding principles that led to the removal of tobacco from our stores extend to our commitment to deliver the most innovative health and beauty solutions.”

The new store formats and deeper focus on expanded health, healthier food and beauty assortments are key elements of the next phase of the front-store growth strategy, which was first introduced in 2015. Today there are over 800 CVS Pharmacy locations nationwide with this elevated design and assortment and over 3,400 with expanded food and beauty offerings. The latest improvements are designed to drive growth in categories that are most closely tied to the Company’s health-focused purpose and expertise, while delivering a shopping experience that no other online or brick-and-mortar retailer can replicate.

“We did a lot of research to understand how to best serve our customers as we began to reimagine our store experience and we found that people are thinking about their health differently and taking a more proactive approach to staying well,” said Judy Sansone, Senior Vice President, Front Store Business and Chief Merchant. “With that in mind, we crafted a new shopping journey, all in the name of better health.”

Evolution of Store Design
“Our strategy for our new stores is not one-size-fits-all. We will continue to evolve the store experience as we test and learn in order to meet the needs of our customers in the ever-changing retail landscape,” added Foulkes. “As we identify key elements that resonate, such as new product assortments, health services and other in-store experiences, we will find ways to bring them to life in CVS Pharmacy locations nationwide.”

CVS Pharmacy is rolling out major changes to as many as 70 new and existing stores this year, with plans to expand to several hundred more in 2018. The new, health-focused formats have 100 feet of new merchandise in health, beauty and healthier food and use a streamlined layout to highlight themes that make shopping easier. “Discovery zones” in key health categories take a holistic approach to care and product selections, and customers are guided by informational signage with guidance to make finding the right solution easier.

Sick-Care to Self-Care
CVS Pharmacy is vastly expanding its offerings throughout health with a broader selection of vitamins and supplements, including offerings from specialty brands like Irwin Naturals and New Chapter, as well as expanded nutrition products like Vega and Naturade protein powders and Navitas Organics Superfood Mix Ins. Assortments tied to emerging areas like connected health, sleep/mood and immunity are merchandised in “discovery zones” that offer holistic solutions and easy navigation through educational displays.

Beauty with Purpose
CVS Pharmacy continues to enhance the beauty shopping experience by adding new, “on-trend” beauty brands like Wunder2 and Tigi Cosmetics, as well as products that have greater skin health benefits and more natural ingredients. To help improve customer exploration and inspiration, a new “trend wall” has been added to 2,000 stores featuring new launches and niche brands. A beauty discovery zone highlights on-the-go options at checkout. This month, an exclusive Korean Beauty selection curated by notable K-Beauty expert, Alicia Yoon, will be available in over 2,100 locations.

Healthier Foods
Even more “better-for-you” food options are being added, including 27 new items under the exclusive Gold Emblem Abound product line. Healthier choices, including Alo Exposed Waters, EPIC bison bars and That’s It. bars will make up approximately 50 percent of all food options found throughout the store. Additionally, products that fit nutritional and dietary preferences including heart healthy, good source of protein, gluten free, sugar free, organic and non-GMO project verified, are highlighted with shelf tags. This summer, the tags will expand into non-food categories, making it easier for customers to make purposeful choices throughout the store.

Making Better Easier with Higher Standards
The catalyst for the evolution of the retail stores was CVS Pharmacy’s decision in 2014 to stop selling tobacco. As part of its ongoing commitment to corporate social responsibility, CVS Pharmacy is taking the following steps:

  • Removing certain chemicals from beauty and personal care lines: By the end of 2019, all parabens, phthalates and formaldehyde donors in products within the CVS Health, Beauty 360, Essence of Beauty, Promise Organic and Blade store brand product lines will be removed.
  • New standards for vitamins and supplements: CVS Pharmacy is embarking on the development of new standards for vitamins and supplements, with the goal of full implementation by 2019. The standards will require third-party testing of ingredient listings for vitamins and supplements, as well as product testing for certain ingredients of concern.

CVS Pharmacy was also the first national retail pharmacy chain to announce the removal of artificial trans fats from all exclusive store brand food products. In addition, the company recently removed all sun care products with SPF lower than 15 from its shelves while expanding products with SPF 30/broad spectrum, natural beauty brands and products focused on skin health.

Redefining Personalized and Digital Convenience
In addition to the in-store changes, the mobile experience and ExtraCare Rewards program continue to evolve, offering more ways for customers to order products online and pick them up with CVS Curbside, pay seamlessly via CVS Pay in the app, and even manage their ExtraBucks Rewards, personalized deals, and use manufacturer coupons, all from their phone.

The new developments from CVS Pharmacy were previewed at a media event yesterday during an interactive brand showcase in New York City. More details, including photos from the interactive brand event, can be found in the CVS Health newsroom.

About CVS Pharmacy
CVS Pharmacy, the retail division of CVS Health (NYSE: CVS), is America’s leading retail pharmacy with over 9,700 locations. It is the first national pharmacy to end the sale of tobacco and the first pharmacy in the nation to receive the Community Pharmacy accreditation from URAC, the leading health care accreditation organization that establishes quality standards for the health care industry. CVS Pharmacy is reinventing pharmacy to help people on their path to better health by providing the most accessible and personalized expertise, both in its stores and online at CVS.com. General information about CVS Pharmacy is available at http://www.cvshealth.com.

SOURCE: CVS Pharmacy

Press Contact:

Erin Pensa
CVS Pharmacy
T: 401.770.4786
E: Erin.Pensa@CVSHealth.com

Walgreens Boots Alliance elects Baxter International Chairman and CEO José E. Almeida to its board of directors

DEERFIELD, Ill., 2017-Apr-22 — /EPR Retail News/ — Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced that José (Joe) E. Almeida, chairman of the board and chief executive officer of Baxter International Inc., has been elected to its board of directors effective immediately. Almeida, who joins the board as an independent director, becomes the board’s 11th member.

“We are pleased to welcome Joe to the board of directors as we leverage strategic opportunities and accelerate the development of a fully integrated, global platform providing innovative ways to address health and wellness challenges,” said Jim Skinner, executive chairman. “His substantial knowledge of the health care industry and expertise in leading complex, highly regulated, global organizations will support Walgreens Boots Alliance in our purpose to help people across the world lead healthier and happier lives.”

Almeida has more than 25 years of experience in health care, including medical devices, consumer health products, surgical instruments and biopharmaceuticals. He has an extensive background in public company governance and has handled a wide range of issues, including risk management, talent development, executive compensation and succession planning.

Almeida has served as chairman and chief executive officer of Baxter, a global medical products company, since January 2016. From May 2015 to October 2015 he served as an operating executive with The Carlyle Group, a global investment firm.

Previously, Almeida served as president and CEO of Covidien plc, a health care products company, from July 2011 through January 2015, when the company was acquired by Medtronic Inc. He also served as the company’s chairman from March 2012 through January 2015 and in several other executive roles with Covidien (formerly Tyco Healthcare) between April 2004 and June 2011.

Almeida is a native of Brazil and holds a bachelor’s of science degree in mechanical engineering from Instituto Mauá de Tecnologia in São Paulo.

Notes to Editors:

About Walgreens Boots Alliance

Walgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led, health and wellbeing enterprise.

The company was created through the combination of Walgreens and Alliance Boots in December 2014, bringing together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted health care services through pharmaceutical wholesaling and community pharmacy care, dating back more than 100 years.

Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the USA and Europe. Walgreens Boots Alliance and the companies in which it has equity method investments together have a presence in more than 25* countries and employ more than 400,000* people. The company is a global leader in pharmacy-led, health and wellbeing retail and, together with the companies in which it has equity method investments, has over 13,200* stores in 11* countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with over 390* distribution centers delivering to more than 230,000** pharmacies, doctors, health centers and hospitals each year in more than 20* countries. In addition, Walgreens Boots Alliance is one of the world’s largest purchasers of prescription drugs and many other health and wellbeing products.

The company’s portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as increasingly global health and beauty product brands, such as No7, Botanics, Liz Earle and Soap & Glory.

In October 2016 Walgreens Boots Alliance received the United Nations Foundation Global Leadership Award for its commitment to the UN’s Sustainable Development Goals. The company also ranks No. 1 in the Food and Drug Stores industry of Fortune magazine’s 2017 list of the World’s Most Admired Companies.

More company information is available at www.walgreensbootsalliance.com.

* As of 31 August 2016, using publicly available information for AmerisourceBergen.

** For 12 months ending 31 August 2016, using publicly available information for AmerisourceBergen.

(WBA-GEN)

SOURCE: Walgreens Boots Alliance, Inc.

Contact(s)

Walgreens Boots Alliance, Inc.
Media Relations
USA / Michael Polzin
+1 847 315 2935
or
International / Laura Vergani
+44 (0)207 980 8585
or
Investor Relations
Gerald Gradwell and Ashish Kohli
+1 847 315 2922

DDR Corp. reschedules its quarterly conference call and audio webcast to Tuesday, April 25, 2017

BEACHWOOD, Ohio, 2017-Apr-22 — /EPR Retail News/ — DDR Corp.  (NYSE: DDR), an owner, developer, and operator of shopping centers, announced today a revised schedule for its quarterly conference call and audio webcast, which was previously planned for Wednesday, April 26, 2017 at 10 a.m. ET.  The rescheduled time is Tuesday, April 25, 2017 at 4:45 p.m. ET.  The timing for the release of quarterly earnings results remains unchanged with results to be issued following the market close on Tuesday, April 25, 2017.

David Lukes, CEO, said “We have moved up our conference call time in an attempt to communicate our business plans in a timelier manner, and to allow for greater investor focus outside of market hours.”

To access the conference, dial 877-249-1119 (domestic), or 412-542-4143 (international) at least 10 minutes prior to the scheduled start of the call.

The conference call webcast will be recorded and available for replay through the Investors portion of DDR’s website, http://ir.ddr.com.

ABOUT DDR Corp.

DDR is an owner and manager of 319 value-oriented shopping centers representing 106 million square feet in 35 states and Puerto Rico. The Company owns a high-quality portfolio of open-air shopping centers in major metropolitan areas that provide a highly compelling shopping experience and merchandise mix for retail partners and consumers. The Company actively manages its assets with a focus on creating long-term shareholder value.  DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR. Additional information about the Company is available at www.ddr.com.

SOURCE:  DDR Corp.

Contact:

Phone: 216-755-5500
Fax: 216-755-1500