Esprit by Opening Ceremony launches Spring/Summer 2017 collection

Esprit by Opening Ceremony launches Spring/Summer 2017 collection

Ratingen/New York, 2017-May-10 — /EPR Retail News/ — This Spring, Opening Ceremony is once again collaborating with Esprit, debuting a collection which draws from the counterculture mall brand’s fresh, subversive history. Inspired by funhouse prints and sherbert stripes from Esprit’s ‘80s and ‘90s heydey—with silhouettes that will look as modern in 20 years as they would have on a Memphis Milano sofa—the collection is an icon in the making.

“Esprit and Opening Ceremony share an ethos, from our relationship with global youth culture to our insistence on diversity in fashion,” says Opening Ceremony co-founder Humberto Leon. “This collection channels that spirit.”

“We are very proud to see the collaboration with Opening Ceremony going into the second season with so much energy,” says Esprit’s Chief Brand Marketing Officer, Arnd Mueller. “The project is an inspiration. It is a fresh, modern and very relevant interpretation of the original vision of the Esprit brand.”

Paying homage to the brand’s aspirational yet democratic appeal, Esprit by Opening Ceremony focuses on mix-and-match separates in easy, versatile shapes. For womens’ wear, skater skirts, button-ups, and high-waisted shorts dominate; many feature adjustable details like knotted straps and drawstrings. When it comes to patterns, bricolage is key. Pastel stripes and ditsy florals rub elbows on otherwise simple pieces. A dress pairs a denim bustier top with a flared polka-dot-floral skirt. A pair of sky blue pants features a darker waistband and pockets.

Activewear takes mix-and-match to the next level: A racerback swimsuit juxtaposes ditsy-floral bottom and paisley-print top, while a bicycle short and top combo unite four different racing stripes: orange, yellow, pink, white, and periwinkle. Unisex logoed sweats and tees, an Esprit by Opening Ceremony staple, are back in spring hues and, from time to time, with a screen-printed daisy. Menswear brings the collection’s kaleidoscope of prints to button-down shirts and drawstring shorts. Accessories—socks, bucket hats, totes, flat-brimmed caps, and yes, fanny packs—top off the fun.

On April 27th, the Esprit by Opening Ceremony S17 collection will be available at Opening Ceremony retail stores, openingceremony.com, and in select domestic and international retailers, including Kith (US), i.T. (HK), Selfridges (London) and KaDeWe (Berlin), as well as in pop-up locations in Amsterdam and Hong Kong. Styles will retail between $30 USD for a logo cap to $250 USD for the printed crop denim jacket.

The Esprit by Opening Ceremony campaign images and videos, shot by photographer Matt Jones and featuring Coco Gordon and Arsun Sorrenti, were influenced by seminal moments in Esprit advertising and branding. In the ’80s and ’90s, Esprit worked with a host of creatives to realize its vision, from campaign photographer Oliviero Toscani, to makeup artist Francois Nars, to store architect Ettore Sottsass.

SOURCE: Esprit

“Esprit Friends” customer loyalty programme recognised with the EDDI Award

“Esprit Friends” customer loyalty programme recognised with the EDDI Award

Ratingen, Germany, 2017-May-10 — /EPR Retail News/ — The customer loyalty programme “Esprit Friends” was awarded the EDDI Award in the category B-to-C on 3 May. The award was presented by the Deutsche Dialogmarketing Verband (German Dialogue Marketing Association – DDV) within the context of the Dialogue Summit.

The “Esprit Friends” programme was launched in 2001 in the course of the strategic realignment and the related development of the omnichannel business model at Esprit under the motto “Direct-to-Consumer”. The consistent roll-out of the programme on all channels and on all markets generated a “first mover advantage” which enabled Esprit Friends to develop into one of the biggest CRM programmes in the sector. Today the customer loyalty programme has over 6.3 million members. It operates in 25 countries and generates more than 70% of Esprit’s total sales.

Esprit pursues a direct and comprehensive communication approach and addresses its customers with personalized campaigns via various media (via mobile app, the online shop, mailings and newsletters) taking the customer activities into account. Esprit Friends benefit from a 3% bonus on every purchase in the form of points (“e-points”) and also receive personalized product recommendations, styling tips, a personal online account to view the orders, and, depending on their status, invitations to exclusive promotions. With the support of scoring models, consistent campaign control is ensured and customers are provided with the right offer at the right time.

Jose Antonio Ramos, Chief Commercial Officer of Esprit, commented on the award ceremony as follows: “The award pays tribute to our efforts over recent years. Under the keyword Direct-to-Consumer, we have very consciously and purposefully aligned our actions to the wishes and needs of our customers. Direct-to-Consumer is not only decisive for our communication or our Esprit Friends customer loyalty programme, it shapes our way of thinking and acting along the entire value chain.”

SOURCE: Esprit

The Container Store Group, Inc to hold 4Q and Full Fiscal 2016 Earnings Conference Call on Tuesday, May 23, 2017

DALLAS, 2017-May-10 — /EPR Retail News/ — The Container Store Group, Inc. (NYSE:TCS) today (05.09.17) announced that its financial results for the fourth quarter and full fiscal 2016 will be released after market close on Tuesday, May 23, 2017. The Company will host a conference call at 4:30 p.m. Eastern Time to discuss the financial results. This call will include both live, prepared remarks as well as a Q&A session.

Investors and analysts interested in participating in the call are invited to dial 877-407-3982 (international callers please dial 201-493-6780) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at investor.containerstore.com.

A taped replay of the conference call will be available within two hours of the conclusion of the call and can be accessed both online and by dialing 844-512-2921 (international callers please dial 412-317-6671). The pin number to access the telephone replay is 13661123. The replay will be available until June 23, 2017.

About The Container Store, Inc.

The Container Store (NYSE: TCS) is the nation’s leading retailer of storage and organization products – a concept they originated in 1978. Today, with locations nationwide, the retailer offers more than 11,000 products designed to save space and time, a suite of custom closet systems and an array of digital shopping services. Visit www.containerstore.com for more information about store locations, the product collection and services offered. Visit www.containerstore.com/blog for real solutions from the really organized and www.whatwestandfor.com to learn more about the company’s unique culture.

SORCE: The Container Store Group, Inc.

Contacts

Investors:
ICR, Inc.
Farah Soi
203-682-8200
Farah.Soi@icrinc.com

Media:
The Container Store
Audrey Robertson
972-538-6623
AudreyR@containerstore.com

Costco Wholesale Corporation announces pricing of its offering of $3.8 billion aggregate principal amount of senior unsecured notes

ISSAQUAH, Wash., 2017-May-10 — /EPR Retail News/ — Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq:COST) today (05.09.17) announced the pricing of its offering of $3.8 billion aggregate principal amount of senior unsecured notes. The notes consist of the following tranches:

  • $1.0 billion principal amount of 2.15% notes due May 18, 2021
  • $800.0 million principal amount of 2.30% notes due May 18, 2022
  • $1.0 billion principal amount of 2.75% notes due May 18, 2024
  • $1.0 billion principal amount of 3.00% notes due May 18, 2027

Costco intends to use the net proceeds from the offering and existing cash to pay the previously announced special cash dividend of approximately $3.1 billion or $7.00 per share and to repay at or prior to maturity all of its 1.125% Senior Notes due December 15, 2017 in an aggregate principal amount of $1.1 billion with associated prepayment costs. The special dividend is payable on May 26, 2017, to shareholders of record at the close of business on May 10, 2017. The offering is expected to close on May 18, 2017, subject to customary closing conditions.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any debt securities of Costco, nor shall there be any sale of debt securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The debt offering will be made only by means of a prospectus supplement and accompanying base prospectus forming part of an effective shelf registration statement. Copies of the prospectus supplement and accompanying base prospectus may be obtained, when available, from:  Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: (800) 831-9146, prospectus@citi.com; and Guggenheim Securities, LLC, 330 Madison Ave., New York, NY 10017, Telephone: (212) 739-0700, GSOperationsAdministrationDepartment @guggenheimpartners.com.

Costco currently operates 729 warehouses, including 508 in the United States and Puerto Rico, 95 in Canada, 37 in Mexico, 28 in the United Kingdom, 25 in Japan, 13 in Korea, 13 in Taiwan, eight in Australia and two in Spain.  Costco also operates electronic commerce web sites in the U.S., Canada, the United Kingdom, Mexico, Korea and Taiwan.

Certain statements contained in this document constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that the Company expects or anticipates may occur in the future.  Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, satisfaction of the closing conditions required for consummation of the offering, domestic and international economic conditions, including exchange rates, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, breaches of security or privacy of member or business information, conditions affecting the acquisition, development, ownership or use of real estate, capital spending, actions of vendors, rising costs associated with employees (generally including health care costs), energy and certain commodities, geopolitical conditions, and other risks identified in the prospectus supplement and accompanying base prospectus covering the offering and from time to time in the Company’s other public statements and reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements, except as required by law.

SOURCE: Costco Wholesale Corporation

Contacts

Costco Wholesale Corporation
Richard Galanti
425/313-8203

Bob Nelson
425/313-8255

David Sherwood
425/313-8239

Coach, Inc. signs definitive agreement to acquire Kate Spade & Company for $2.4 billion

Acquisition Expected to be Accretive in Fiscal 2018 and to Reach Double-Digit Accretion by Fiscal 2019 on a non-GAAP Basis

NEW YORK, 2017-May-10 — /EPR Retail News/ — Coach, Inc. (NYSE:COH) (SEHK:6388), a leading New York design house of modern luxury accessories and lifestyle brands, today (03.08.17) announced it has signed a definitive agreement to acquire Kate Spade & Company (NYSE:KATE). Under the terms of the transaction Kate Spadeshareholders will receive $18.50 per share in cash for a total transaction value of $2.4 billion. The transaction represents a 27.5% percent premium to the unaffected closing price of Kate Spade’s shares as of December 27, 2016, the last trading day prior to media speculation of a transaction. The transaction has been unanimously approved by the Boards of Directors of Kate Spade & Company and Coach, Inc.

Victor Luis, Chief Executive Officer of Coach, Inc. said, “Kate Spade has a truly unique and differentiated brand positioning with a broad lifestyle assortment and strong awareness among consumers, especially millennials. Through this acquisition, we will create the first New York-based house of modern luxury lifestyle brands, defined by authentic, distinctive products and fashion innovation. In addition, we believe Coach’s extensive experience in opening and operating specialty retail stores globally, and brand building in international markets, can unlock Kate Spade’s largely untapped global growth potential. We are confident that this combination will strengthen our overall platform and provide an additional vehicle for driving long-term, sustainable growth.”

Craig A. Leavitt, Chief Executive Officer of Kate Spade & Company, said, “Following a thorough review of strategic alternatives, reaching an agreement to join Coach’s portfolio of global brands will maximize value for our shareholders and positions Kate Spade for long-term success as we continue our evolution into a powerful, global, multi-channel lifestyle brand. We look forward to working with Coach’s leadership team to leverage their expertise across the business as we continue to innovate and build long-term loyalty with consumers and expand across our product category and geographic axes of growth.”

Kevin Wills, Coach’s Chief Financial Officer added, “Due to the complementary nature of our respective businesses, we believe that we can realize a run rate of approximately $50 million in synergies within three years of the deal closing. These cost synergies will be realized through operational efficiencies, improved scale and inventory management, and the optimization of Kate Spade’s supply chain network. At the same time, to ensure the long-term viability and health of the Kate Spade brand, and similar to the steps Coach has itself taken over the last three years, we plan to reduce sales in Kate Spade’s wholesale disposition and online flash sales channels. Therefore, the reduction in profitability from the pullback in these channels will be offset by the realization of these substantial synergies. As a result, we expect that the acquisition will be accretive in fiscal 2018 on a non-GAAP basis, and will reach double-digit accretion by fiscal 2019, also on a non-GAAP basis.”

Mr. Luis concluded, “The acquisition of Kate Spade is an important step in Coach’s evolution as a customer-focused, multi-brand organization. The combination enhances our position in the attractive global premium handbag and accessories, footwear and outerwear categories, bringing product, brand positioning and customer diversification to the portfolio, and establishing scale in key functions with the resources to invest in talent and innovation. In addition, we believe the Kate Spade brand will benefit from our best-in-class supply chain and strong corporate infrastructure.”

Strategic Rationale

The combination of Coach, Inc. and Kate Spade & Company will create a leading luxury lifestyle company with a more diverse multi-brand portfolio supported by significant expertise in handbag design, merchandising, supply chain and retail operations as well as solid financial acumen. Coach’s history and heritage, multi-channel, international distribution model, and seasoned leadership team uniquely position it to drive long-term sustainable growth for Kate Spade. Coach is focused on preserving Kate Spade’s brand independence as well as retaining key talent, ensuring a smooth transition to Coach, Inc.’s ownership.

Transaction Details

The transaction is not subject to a financing condition. Coach has secured committed bridge financing from BofA Merrill Lynch. The $2.4 billion purchase price is expected to be funded by a combination of senior notes, bank term loans and approximately $1.2 billion of excess Coach cash, a portion of which will be used to repay an expected $800 million 6-month term loan. The transaction is expected to close in the third quarter of calendar 2017, subject to customary closing conditions, including the tender of a majority of the outstanding Kate Spade & Company shares pursuant to the offer and receipt of required regulatory approvals.

Advisors

Coach’s financial advisor is Evercore Group L.L.C. and its legal advisor is Fried, Frank, Harris, Shriver & Jacobson LLP. Kate Spade & Company’s financial advisor is Perella Weinberg Partners LP and its legal advisor is Paul, Weiss, Rifkind, Wharton & Garrison LLP.

Conference Call

Coach, Inc. and Kate Spade & Company will hold a conference call and webcast at 8:30 a.m. EDT today, May 8, 2017, to discuss the transaction. Interested parties may listen to the webcast by accessing www.coach.com/investors or www.katespadeandcompany.com on the Internet, or dialing into 1-888-802-8577 or 1-973-935-8754 and providing the Conference ID 20303086. An investor presentation will also be available for download at www.coach.com/investors.

A telephone replay will be available starting at 12:00 p.m. EDT today, for a period of five business days. To access the telephone replay, call 1-800-585-8367 or 1-404-537-3406 and enter the Conference ID 20303086. A webcast replay of the conference call will also be available for five business days.

About Coach

Coach, Inc. is a leading New York design house of modern luxury accessories and lifestyle brands. The Coach brand was established in New York City in 1941, and has a rich heritage of pairing exceptional leathers and materials with innovative design. Coach is sold worldwide through Coach stores, select department stores and specialty stores, and through Coach’s website at www.coach.com. In 2015, Coach acquired Stuart Weitzman, a global leader in designer footwear, sold in more than 70 countries and through its website at www.stuartweitzman.com. Coach, Inc.’s common stock is traded on the New York Stock Exchange under the symbol COH and Coach’s Hong Kong Depositary Receipts are traded on The Stock Exchange of Hong Kong Limited under the symbol 6388.

About Kate Spade & Company

Kate Spade & Company (NYSE:KATE) operates principally under two global, multichannel lifestyle brands: kate spade new york and Jack Spade New York™. The Company’s four category pillars – women’s, men’s, children’s and home – span demographics, genders and geographies. Known for crisp color, graphic prints and playful sophistication, kate spade new york aims to inspire a more interesting life. The kate spade new york collection includes the Madison Avenue, Broome Streetand on purpose labels. Jack Spade New York offers a timeless and versatile assortment of bags, sportswear and tailored clothing founded on the aesthetic of simple, purposeful design. The Company also owns Adelington Design Group, a private brand jewelry design and development group. Visit www.katespadeandcompany.com for more information.

Neither the Hong Kong Depositary Receipts nor the Hong Kong Depositary Shares evidenced thereby have been or will be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to, or for the account of, a U.S. Person (within the meaning of Regulation S under the Securities Act), absent registration or an applicable exemption from the registration requirements. Hedging transactions involving these securities may not be conducted unless in compliance with the Securities Act.

Additional Information and Where You Can Find It

The tender offer referred to in this press release has not yet commenced. This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell, securities, nor is it a substitute for the tender offer materials that will be filed with the U.S. Securities and Exchange Commission(“SEC”). The solicitation and offer to buy the issued and outstanding shares of Kate Spade & Company common stock will only be made pursuant to an offer to purchase and related tender offer materials described more fully below. At the time the tender offer is commenced, a subsidiary of Coach, Inc. will file a tender offer statement with the SEC on Schedule TO containing an offer to purchase, form of letter of transmittal and related materials, and Kate Spade & Company will file with the SEC a tender offer solicitation/recommendation statement on Schedule 14D-9 with respect to the tender offer. INVESTORS AND STOCKHOLDERS ARE URGED TO READ THE TENDER OFFER STATEMENT AND RELATED MATERIALS (INCLUDING THE OFFER TO PURCHASE, RELATED LETTER OF TRANSMITTAL AND OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT CAREFULLY (WHEN THEY BECOME AVAILABLE) AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TENDER OFFER THAT SHOULD BE READ PRIOR TO MAKING A DECISION TO TENDER SHARES. These materials will be sent free of charge to all Kate Spade & Company stockholders. In addition, all of those materials (and all other tender offer documents filed or furnished by Kate Spade & Company or Coach, Inc. or any of its subsidiaries with the SEC) will be available at no charge from the SEC through its website at www.sec.gov. The Schedule TO (including the offer to purchase and related materials) and the Schedule 14D-9 (including the solicitation/recommendation statement), once filed, may also be obtained for free by contacting the Information Agent for the tender offer which will be named in the Schedule TO.

In addition to the offer to purchase, the related letter of transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, Coach, Inc. and Kate Spade & Company file annual, quarterly and current reports and other information with the SEC. You may read and copy any reports or other information filed by Coach, Inc. or Kate Spade & Company at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the public reference room. Coach, Inc.’s and Kate Spade & Company’s filings with the SEC are also available to the public from commercial document-retrieval services and at the SEC’s website at www.sec.gov.

Cautionary Statement Regarding Forward-Looking Statements

This report may contain “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “target,” similar expressions, and variations or negatives of these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the consummation of the proposed transaction and the anticipated benefits thereof. Such statements involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of Coach, Inc. and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any statements regarding the expected benefits and costs of the tender offer, the merger and the other transactions contemplated by the merger agreement by and between Kate Spade & Company and Coach, Inc.; the expected timing of the completion of the tender offer and the merger; the ability of Coach, Inc. (and its subsidiary) and Kate Spade & Company to complete the tender offer and the merger considering the various conditions to the tender offer and the merger, some of which are outside the parties’ control, including those conditions related to regulatory approvals; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected; that the tender offer and the merger may not be timely completed, if at all; that, prior to the completion of the transaction, Kate Spade & Company’s business may not perform as expected due to transaction-related uncertainty or other factors; that the parties are unable to successfully implement integration strategies; and other risks that are described in Coach, Inc.’s latest Annual Report on Form 10-K and its other filings with the SEC. Coach, Inc. and Kate Spade & Company assume no obligation and do not intend to update these forward-looking statements.

SOURCE: Coach, Inc.

Contacts:

Coach
Analysts & Media:
Andrea Shaw Resnick, 212-629-2618
Global Head of Investor Relations and Corporate Communications
AResnick@coach.com

Christina Colone, 212-946-7252
Senior Director, Investor Relations
CColone@coach.com

Kate Spade & Company
Investor Relations:
Priya Trivedi, 201-295-6110
Vice President, Finance & Treasurer
PTrivedi@katespade.com

Media:
Emily Garbaccio, 212-739-6552
Vice President, Communications
EGarbaccio@katespade.com

Additional Contacts:
Media
Abernathy MacGregor
Tom Johnson / Pat Tucker, 212-371-5999
tbj@abmac.com / pct@abmac.com

 

The Wawa Foundation seeks nominations for its second annual “Hero Award”

Launched During the 2016 Wawa Welcome America! Festivities, the Second Annual Hero Award Will Honor Greater Philadelphia Area Non-Profits that Assist Others and Help to Advance Their Communities

Wawa, PA., 2017-May-10 — /EPR Retail News/ — The Wawa Foundation, a registered 501(c)(3) non-profit founded to support Wawa’s charitable giving and philanthropic activities, is seeking nominations for its second annual “Hero Award,” an honor given to a qualified non-profit organization that is committed to serving the greater Philadelphia area by assisting others and building stronger communities through preserving our independence, protecting our safety and mentoring and inspiring our youth. The Wawa Foundation Hero Award was launched during Philadelphia’s 2016 Wawa Welcome America! festivities and will be presented as part of the Independence Day morning ceremony on July 4th, 2017 in front of Independence Hall. The recipient of The Wawa Foundation Hero Award will receive a $50,000 grant and the three runners up will each receive $10,000 grants.

Qualified 501(c)3 non-profit organizations may apply by submitting a video and/or a short story with background on the organization’s work with, and impact on, the community. Videos must be submitted through The Wawa Foundation website. The Wawa Foundation will select four of the most compelling stories and put them to a public vote. The organization with the most votes will be presented to The Wawa Foundation Hero Award Panel for final approval and determination. The winning organization will receive a $50,000 grant from The Wawa Foundation, and three runners-up will each receive $10,000 grants. The deadline for submissions is May 21st, 2017. The public voting period will take place June 15 – 29, and the awards will be presented on July 4.

“The Wawa Welcome America! Festival is built around activities and events celebrating the everyday heroes who have made our country and city great, so we are thrilled to present the second annual Wawa Foundation Hero Award during this very appropriate time,” said Chris Gheysens, Wawa’s President and CEO. “We are excited to now be accepting nominations for this year’s Wawa Foundation Hero Award and to honor the next great area non-profits with this recognition. Community partnership have always been central to Wawa’s purpose and as we celebrate our nation’s birthday, we are thrilled to be able to also celebrate the local nonprofits that are so important to the communities we serve every day.”

For more information on The Wawa Foundation Hero Award and eligibility requirements, terms and conditions, please visit www.TheWawaFoundation.org. To be eligible to receive this award, non-profit organizations must meet the grant selection criteria of The Wawa Foundation for support of organizations providing assistance to causes representing everyday heroes.

About The Wawa Foundation

The Wawa Foundation is a registered 501(c)(3) non-profit organization founded by Wawa, Inc. to support the company’s charitable giving and philanthropic activities, and ultimately to help build stronger communities. The Wawa Foundation focuses its support on organizations committed to health, hunger and everyday heroes through local, state and national grants and / or in-store fundraising, such as, donation boxes and point-of-purchase scan materials.

Source: Wawa Foundation

REI Englewood, Colorado store to relocate to Greenwood Village in the fall of 2017

Co-op will continue to invest in local outdoor places, including $160,000 in local Colorado nonprofits this year

SEATTLE, 2017-May-10 — /EPR Retail News/ — Outdoor co-op REI today (05.08.17) announced plans to relocate its Englewood, Colorado store to nearby Greenwood Village in the fall of 2017. After nearly two decades in its current location, the new store will carry a larger assortment of gear and apparel to make it easier for the more than 365,000 active co-op members throughout the region to get outside. At its new location, REI will continue to support the local outdoor community by investing $160,000 in Colorado nonprofits this year to make a positive, lasting impact on trails, parks and waterways.

“The REI Englewood team is very excited to continue to serve our members and customers in the southern Denver metro communities at our new Greenwood Village store this fall,” said store manager Kris Reale. “To be able to support this outdoor community in a larger space just a couple miles from our current location will help all of us to inspire each other to get outside. This new store will show how we bring the outdoors in and connect the local community to a life outdoors. We can’t wait for this fall when we can join the community at the new Greenwood Village co-op.”

The new store will be located in Greenwood Village on Arapahoe Road and I-25, less than five miles from the current location. At 45,000 square feet, the store will offer a wider selection of gear for the region’s most popular outdoor activities, including mountain biking, climbing and snow sports. The store will feature a bike shop and ski and snowboard shop for maintenance and repairs from highly trained experts. REI has eight other stores throughout Colorado, with nearby locations in Denver (15 miles away), Lakewood (20 miles) and Colorado Springs (49 miles). The co-op also opened a new store in Dillon, Colorado on May 5.

REI Outdoor School will continue to offer a robust schedule of in-store and field classes and experiences for mountain biking, hiking, climbing, backpacking, snow-sports and more. In addition the store will host presentations by well-known authors and athletes. The majority of programming will be free, as is the case at REI stores across the country. Across the Front Range, REI Outdoor School’s programming increased by more than 28% over the last year in its focus to help people live a life outside. This summer, join REI Outdoor School across the Front Range for an array of programs designed for women, including Force Wednesday events at the co-op’s flagship in Denver.

REI opened its Englewood location in 1998 and has developed strong relationships throughout the Colorado outdoor community since first coming to Denver in 1983. In 2017, REI plans to invest $160,000 in local nonprofits that steward and increase access to nearby outdoor places. REI teams will support a series of trail service projects this summer, leading up to the co-op’s sponsorship of the Golden Giddyup mountain bike festival in September. REI also partners with nonprofits that impact some of the state’s most iconic outdoor places, including the Volunteers for Outdoor Colorado, Colorado Youth Corps Association and the Colorado Fourteeners Initiative, and most recently the Friends of Dillon Ranger District.

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.

SOURCE: REI

Contact:

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

ScanSource reports of 2% net sales increase during 3Q FY2017 compared to the prior year quarter

Greenville, SC, 2017-May-10 — /EPR Retail News/ — ScanSource, Inc. (NASDAQ: SCSC), a leading global provider of technology products and solutions, today ( May 09, 2017) announced financial results for the third quarter of its fiscal year 2017, which ended March 31, 2017.

“We are pleased to report both net sales and EPS within our forecast range, and our Worldwide Barcode, Networking and Security segment delivered 4% sales growth,” said Mike Baur, CEO, ScanSource, Inc.  “We executed well on our key opportunities for growth, including the Intelisys telecommunications and cloud services business.”

For the third quarter of fiscal year 2017, net sales increased 2% to $813.5 million from $798.4 million in the prior year quarter, primarily from growth for the Worldwide Barcode, Networking & Security segment. Operating income decreased to $20.0 million from the prior year quarter, due to higher amortization of intangible assets and the change in fair value of contingent consideration from the Intelisys acquisition. Non-GAAP operating income increased 3% to $26.2 million, primarily from the addition of the Intelisys acquisition.

On a GAAP basis, net income for the quarter totaled $12.4 million, or $0.49 per diluted share, compared with net income of $14.0 million, or $0.54 per diluted share, for the prior year quarter. Non-GAAP net income for the third quarter of fiscal year 2017 totaled $16.4 million, or $0.65 per diluted share.

Forecast for Next Quarter

For the fourth quarter of fiscal year 2017, ScanSource expects net sales to range from $860 million to $920 million, diluted earnings per share to range from $0.44 to $0.51 per share, and non-GAAP diluted earnings per share to range from $0.64 to $0.71 per share. Non-GAAP diluted earnings per share exclude amortization of intangible assets and change in fair value of contingent consideration.

Webcast Details

ScanSource will present additional information about its financial results and outlook in a conference call with presentation slides today, May 9, 2017 at 5:00 p.m. (ET).  A webcast of the call and accompanying presentation slides will be available for all interested parties and can be accessed at www.scansource.com (Investor Relations section).  The webcast will be available for replay for 60 days.

Safe Harbor Statement

This press release, including the forecast for next quarter, contains “forward-looking” statements that involve risks and uncertainties.  Any number of factors could cause actual results to differ materially from anticipated or forecasted results, including, but not limited to, changes in interest and exchange rates and regulatory regimes impacting our overseas operations, the failure of acquisitions to meet our expectations, the failure to manage and implement our organic growth strategy, credit risks involving our larger customers and vendors, termination of our relationship with key vendors or a significant modification of the terms under which we operate with a key vendor, the decline in demand for the products and services that we provide, reduced prices for the products and services that we provide due both to competitor and customer actions, and other factors set forth in the “Risk Factors” contained in our annual report on Form 10-K for the year ended June 30, 2016, and subsequent reports on Form 10-Q, filed with the Securities and Exchange Commission.  Except as may be required by law, the Company expressly disclaims any obligation to update these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

Non-GAAP Financial Information

In addition to disclosing results that are determined in accordance with United States Generally Accepted Accounting Principles (“GAAP”), the Company also discloses certain non-GAAP financial measures, which are summarized below.  Non-GAAP financial measures are used to understand and evaluate performance, including comparisons from period to period. Non-GAAP results exclude amortization of intangible assets related to acquisitions, change in fair value of contingent consideration, acquisition costs and other non-GAAP adjustments.

Net sales on a constant currency basis, excluding acquisitions:  The Company discloses the percentage change in net sales excluding the translation impact from changes in foreign currency exchange rates between reporting periods and excluding the net sales from acquisitions prior to the first full year from the acquisition date.  This measure enhances the comparability between periods to help analyze underlying trends on an organic basis.

Non-GAAP operating income, non-GAAP net income and non-GAAP EPS: To evaluate current period performance on a more consistent basis with prior periods, the Company discloses non-GAAP operating income, non-GAAP net income and non-GAAP diluted earnings per share. Non-GAAP results exclude amortization of intangible assets related to acquisitions, change in the fair value of contingent consideration, acquisition costs and other non-GAAP adjustments. Non-GAAP operating income, non-GAAP net income, and non-GAAP EPS measures are useful in assessing and understanding the Company’s operating performance, especially when comparing results with previous periods or forecasting performance for future periods.

Return on invested capital (“ROIC”): Management uses ROIC as a performance measurement to assess efficiency in allocating capital under the Company’s control to generate returns. Management believes this metric balances the Company’s operating results with asset and liability management, is not impacted by capitalization decisions and correlates with shareholder value creation. In addition, it is easily computed, communicated and understood. ROIC also provides management a measure of the Company’s profitability on a basis more comparable to historical or future periods.

ROIC assists management in comparing the Company’s performance over various reporting periods on a consistent basis because it removes from operating results the impact of items that do not reflect core operating performance. Adjusted earnings before interest expense, income taxes, depreciation and amortization (“Adjusted EBITDA”) excludes the change in fair value of contingent consideration, in addition to other non-GAAP adjustments. Management believes the calculation of ROIC provides useful information to investors and is an additional relevant comparison of the Company’s performance during the year. In addition, the Company’s Board of Directors uses ROIC in evaluating business and management performance. Certain management incentive compensation targets are set and measured relative to ROIC.

These non-GAAP financial measures have limitations as analytical tools, and the non-GAAP financial measures that the Company reports may not be comparable to similarly titled amounts reported by other companies. Analysis of results and outlook on a non-GAAP basis should be considered in addition to, and not in substitution for or as superior to, measurements of financial performance prepared in accordance with GAAP. A reconciliation of the Company’s non-GAAP financial information to GAAP is set forth in the Supplementary Information (Unaudited) below.

About ScanSource, Inc.

ScanSource, Inc. (NASDAQ: SCSC) is a leading global provider of technology products and solutions, focusing on point-of-sale (POS), barcode, physical security, video, voice, data networking and technology services. ScanSource’s teams provide value-added solutions and operate from two segments, Worldwide Barcode, Networking & Security and Worldwide Communications & Services. ScanSource is committed to helping its resellers and sales partners choose, configure and deliver the industry’s best solutions across almost every vertical market in North America, Latin America and Europe. In August 2016, ScanSource entered the recurring revenue telecom and cloud services market through its acquisition of Intelisys, the industry’s leading technology services distributor. Founded in 1992, the Company is headquartered in Greenville, South Carolina and was named one of the 2016 Best Places to Work in South Carolina. ScanSource ranks #685 on the Fortune 1000. For more information, visit www.scansource.com.

Contact:

Mary Gentry
Vice President, Treasurer and Investor Relations
Phone: 864.286.4892

Source: ScanSource, Inc.

Florida Retail Federation celebrates major accomplishments as 2017 Legislative Session comes to a close

TALLAHASSEE, FL, 2017-May-10 — /EPR Retail News/ — As the 2017 Legislative Session comes to a close, three days later than expected, the Florida Retail Federation (FRF) is celebrating several major accomplishments for retailers including the passage of a reduction in the business rent tax and 3-day sales tax holidays for back to school and disaster preparedness. FRF also successfully opposed several proposals which would have been harmful to the retail industry, such as allowing prejudgment interest on personal injury awards and weakening criminal penalties on the backs of retailers. We also had major wins for the Florida Petroleum Marketers and Convenience Store Association (FPMA) and our Beauty Industry Council.

“I am extremely proud of the way our retailers, stakeholders, and association staff worked with the Legislature to accomplish so many of our goals this year,” said FRF’s President and CEO R. Scott Shalley. In all, FRF actively advocated for or against more than 40 pieces of legislation and numerous budget issues. “We continue to prove that our industry remains strong and continues to be a major economic contributor–leading in job growth and many other economic indicators,” added Shalley.

In general business, FRF was successful in opposing burdensome regulations from being passed on to retailers, such as a minimum wage requirement, a measure to increase the number of parking spaces at certain retail establishments, and a measure that would interfere with the relationship between a franchisee and franchisor. FRF also worked to oppose a measure that would allow a utility company to pursue fracking for natural gas in other states and pass 100% of the costs along to consumers. Additionally, FRF was successful in advocating for the passage of a bill that provides greater legal protections to businesses who are subject to ADA lawsuits.

FRF also saw major legislative accomplishments in the areas of identity theft prevention with the approval of a measure to enhance penalties for committing “skimmer” fraud. FRF also played a key role in defeating a measure to weaken criminal penalties for theft. Additionally, a measure to prevent EBT card purchases for candy and soft drinks was defeated due to FRF’s strong opposition. “All of our retailers–from general business, pharmacy, small grocers, and the FPMA– will benefit from our collective advocacy efforts this session. We look forward to continuing our work, and we are already beginning to gear up for next year,” concluded CEO Shalley.

ABOUT THE FLORIDA RETAIL FEDERATION
Founded in 1937, the Florida Retail Federation is celebrating its 80th anniversary this year as the statewide trade association representing retailers — the businesses that sell directly to consumers. Florida retailers provide three out of every four jobs in the state, pay more than $49 billion in wages annually, and collect and remit more than $20 billion in sales taxes for Florida’s government each year. In fact, more than three out of four of Florida’s budget dollars come from retail-related activity.

CONTACT:
James Miller
james@frf.org
(850)701-3015

Source: Florida Retail Federation

Majid Al Futtaim broke ground for its largest mall in the Sharjah, UAE

Majid Al Futtaim broke ground for its largest mall in the Sharjah, UAE

 

Sharjah, United Arab Emirates, 2017-May-10 — /EPR Retail News/ — Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, today (MAY 9, 2017) officially broke ground on what will be the company’s largest mall within the UAE’s third-largest emirate – City Centre Al Zahia in Sharjah. Once complete, City Centre Al Zahia will be a valuable addition to the powerful City Centre brand portfolio.

Strategically located at the intersection of Sheikh Mohammed bin Zayed Road and University Road, City Centre Al Zahia is a super-regional mall of 136,200 sqm of gross leasable area.

The super-regional mall will address the shopping and leisure needs of the residents of Sharjah, Northern Emirates and Al Zahia, an award-winning residential destination with six themed parks, leisure facilities and featuring 2,270 homes ranging from 3, 4 and 5 bedroom villas and townhouses to apartments of various sizes. When it opens in 2020, City Centre Al Zahia will serve a trade area of more than 1.9M people, as well as attracting residents of neighbouring Northern Emirates.

Offering a diverse mix of over 360 retail brands over two levels City Centre Al Zahia is anchored by a 15,100 sqm Carrefour Hypermarket, complemented by leisure options including VOX Cinemas, with 16 screens incorporating the latest theatre technology, and a 2,350 sqm Magic Planet family entertainment destination.

With a distinctive lantern-like design, City Centre Al Zahia’s architectural detailing echoes the annual Sharjah Light Festival.  In addition, the external food and beverage precinct, located at the mall’s entrance and with covered al fresco seating, will enhance Sharjah’s dining options for residents and tourists.  City Centre Al Zahia will have a contemporary, light-filled aesthetic driven by Majid Al Futtaim’s commitment to sustainable, environmentally-sound building practices.

“Sharjah’s robust economic growth and the continued investment in its tourism, manufacturing, culture, and transport sectors make it an ideal destination for further development, especially in the retail, food and beverage, and entertainment landscapes,” said Ghaith Shocair, Chief Executive Officer for shopping malls at Majid Al Futtaim Properties.

“The scale and long-term vision of the Al Zahia community warrant a retail and entertainment destination of this size and scope, in line with Majid Al Futtaim’s strategy to create malls that meet the current and future needs of the residents and tourists we serve.  When complete, City Centre Al Zahia will be the vibrant hub at the heart of this residential destination,” Shocair added.

City Centre Al Zahia’s ground-breaking comes following Majid Al Futtaim’s recent announcement that will see the company increase its total investment in the United Arab Emirates (UAE) by AED 30 billion by 2026, taking its total investment in the country to AED 48 billion. As part of its strategic development plan, Majid Al Futtaim continues to invest in the redevelopment of its existing assets in the Northern Emirates.

The expansion plans for City Centre Sharjah and City Centre Ajman are also key elements of Majid Al Futtaim’s overall UAE growth strategy announced in June 2016. City Centre Sharjah, one of the emirate’s largest and leading shopping destinations, is currently undergoing a AED 260 million redevelopment initiative set for completion in the last quarter of 2017. A comprehensive redevelopment of City Centre Ajman will see the mall almost double in size, from 29,000 to 52,000 sqm.  With an estimated cost of AED 600 million, the mall’s expansion is anticipated to conclude in the third quarter of 2017, followed by an additional refurbishment and redemising of the existing mall.

Following the opening of City Centre Me’aisem in September 2015 and City Centre Al Shindagha in 2016, and the successful delivery of Mall of the Emirates’ Evolution 2015 expansion initiative, City Centre Al Zahia is Majid Al Futtaim’s fourth major project to be announced in the UAE within the past 18 months.

Contact:
Phone: +9714 2949999

Source: Majid Al Futtaim

###

Wendy’s and Snapchat launch new program to support children in foster care

Wendy’s and Snapchat launch new program to support children in foster care

 

DUBLIN, Ohio, 2017-May-10 — /EPR Retail News/ — Find your best angle because the selfie has been given a larger purpose. Now, selfie takers can unlock an exclusive Snapchat filter at Wendy’s® to support children in foster care. This program is part of Wendy’s continued support of the Dave Thomas Foundation for Adoption® (DTFA) in its mission to find forever homes for children in foster care.

Wendy’s customers who purchase a beverage will find an exclusive Snapcode on their drink cups, which can be scanned to unlock a custom Snapchat filter to enhance the moment. Then they can use the special filter to send that photo or video to a friend or post it to their Snapchat Story. Thanks to contributions from Wendy’s partners at Coca-Cola® and Dr Pepper®, each snap shared will translate into a $5 donation to the DTFA up to $500,000. By using this Snapcode, customers are not only posting a fun moment, but also spreading awareness around the needs of children in foster care.

Raising awareness for this cause is part of Wendy’s deeply rooted commitment to family. This partnership with Snapchat, Coca-Cola and Dr Pepper, is one of the many initiatives that Wendy’s supports to live out this commitment and place children into loving and permanent homes.

About The Wendy’s Company
The Wendy’s Company (NASDAQ: WEN) is the world’s third largest quick-service hamburger restaurant chain. The Wendy’s system includes more than 6,500 restaurants in 30 countries and U.S. territories. For more information, visit www.aboutwendys.com.

About The Dave Thomas Foundation for Adoption
The Dave Thomas Foundation for Adoption is a national nonprofit public charity dedicated exclusively to finding permanent homes for the more than 130,000 children waiting in North America’s foster care systems. Created by Wendy’s founder Dave Thomas who was adopted, the Foundation implements evidence-based, results-driven national signature programs, foster care adoption awareness campaigns and innovative grant making. To learn more, visit www.davethomasfoundation.org, or call 1-800-ASK-DTFA.

CONTACTS:
Frank Vamos
614-764-8477
frank.vamos@wendys.com

Amy Baker
918-289-7692
amy.baker@ketchum.com

SOURCE: The Wendy’s Company

Lexos patent lawsuit against ChannelAdvisor’s customer Costco Wholesale dismissed

Research Triangle Park, NC, 2017-May-10 — /EPR Retail News/ — ChannelAdvisor Corporation (NYSE:ECOM), a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to increase global sales, today (May 8, 2017) announced the patent lawsuit filed by Lexos Media IP, LLC (“Lexos”) against ChannelAdvisor’s customer Costco Wholesale Corporation has been dismissed.

After a critical favorable ruling from the court in the Eastern District of Texas in connection with the claim construction process, Lexos dismissed the lawsuit.  The dismissal by Lexos was not tied to any payment or settlement agreement, Lexos simply “walked away” after the court’s ruling.

“As a technology company, we strongly believe in legitimate intellectual property rights. However, it is important to take a stand against entities like Lexos to prevent them from bullying an entire industry with dubious or abusive patent claims,” said David Spitz, CEO.

ABOUT CHANNELADVISOR

ChannelAdvisor (NYSE: ECOM) is a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to integrate, manage and optimize their merchandise sales across hundreds of online channels including Amazon, Google, eBay, Walmart, Facebook and more. Through automation, analytics and optimization, ChannelAdvisor customers can leverage a single inventory feed to more efficiently list and advertise products online, and connect with shoppers to increase sales. Billions of dollars in merchandise value are driven through ChannelAdvisor’s platform every year, and thousands of customers use ChannelAdvisor’s solutions to help grow their businesses. For more information, visit www.channeladvisor.com.

CONTACT:

Caroline Riddle
ChannelAdvisor
caroline.riddle@channeladvisor.com
919.439.8026

Source: ChannelAdvisor

ARA urges Government to make cuts to concurrent spending instead of slugging consumers with a Medicare levy tax hike

ARA urges Government to make cuts to concurrent spending instead of slugging consumers with a Medicare levy tax hike

 

Melbourne, Australia, 2017-May-10 — /EPR Retail News/ — The Australian Retailers Association (ARA) believe this year’s Federal Budget brings some relief for retailers through reducing Government debt, but at the undesirable cost of increasing taxes on Australian individuals and businesses.

While the ARA applauds the strong infrastructure investment and additional skills funding, the Government has missed the mark in focusing its strategy to return to surplus through additional taxation as opposed to cutting spending.

Russell Zimmerman, Executive Director of the ARA said although the retail industry welcomed some of tonight’s Budget measures, the ARA urges the Government to make cuts to concurrent spending instead of slugging consumers with a Medicare levy tax hike.

“A tax, is a tax, is a tax, however you dress it up,” Mr Zimmerman said.

“The Medicare levy increase of 0.5 percent to fund the NDIS is just a tax hike in another form that will hit consumer pockets hard.”

The ARA believe the substantial levy on five of the biggest banks, in conjunction with stricter regulation, will go a long way to reduce Australian debt and hopefully stimulate a return to surplus if implemented correctly.

“Our concern with this strategy is that the costs will be passed on by the banks to everyday Australians and small businesses,” Mr Zimmerman said.

“Without adequate safeguards to protect customers from these forwarded costs, we are cautious that this levy could prove counter-productive for retail growth.”

The ARA supports the Government’s continued Small Business Information Campaign which includes introduction of the GST low value goods, reducing company tax and extending the $20,000 instant asset write-off scheme for another 12 months.

However, Mr Zimmerman said the ARA is disappointed in the delay to the reduction of the low value threshold and the restricted application of the asset write-off scheme which excludes businesses beyond $10 million turnover.

On the other hand, the ARA congratulates the Government on additional funding and regulation of the Black Economy, and calls for cash alternatives to be regulated at a low cost.

The ARA further supports infrastructure investment, in particular the major projects including the Western Sydney Airport, Melbourne Tullamarine Airport Rail and other regional initiatives.

“These infrastructure projects will improve Australia’s business performance, entice international investors and achieve economic growth,” Mr Zimmerman said.

The ARA commends the additional skills funding in the 2017 Budget, urging the Government to work directly with retailers to address specific skill shortages which affect the core operations of retail businesses.

“On the whole, the 2017 Federal Budget is a step in the right direction for reducing Government debt and providing economic conditions conducive to reinvigorating growth in the retail sector,” Mr Zimmerman said.

Mr Zimmerman will be available for media comment and interviews at Parliament House in Canberra tonight following the Federal Budget announcement.

For interview opportunities with ARA Executive Director Russell Zimmerman call the ARA Media Line on media@retail.org.au

About the Australian Retailers Association:

Founded in 1903, the Australian Retailers Association (ARA) is the retail industry’s peak representative body representing Australia’s $310 billion sector, which employs more than 1.2 million people. The ARA works to ensure retail success by informing, protecting, advocating, educating and saving money for its 7,500 independent and national retail members throughout Australia. For more information, visit www.retail.org.au or call 1300 368 041.

SOURCE: Australian Retailers Association

Sunoco to present at the 2017 MLP, Midstream and Natural Gas Conference hosted by Deutsche Bank

DALLAS, 2017-May-10 — /EPR Retail News/ — Sunoco LP (NYSE: SUN) (“SUN” or the “Partnership”) today (May 09, 2017) announced that its senior management will hold 1×1 meetings with institutional investors at the 2017 MLP, Midstream and Natural Gas Conference hosted by Deutsche Bank in New York City.

Presentation materials to be used during these meetings are available on the company’s website at www.sunocolp.com in the Investor Relations section under Events & Presentations.

Sunoco LP (NYSE: SUN) is a master limited partnership that operates 1,355 convenience stores and retail fuel sites and distributes motor fuel to 7,825 convenience stores, independent dealers, commercial customers and distributors located in 30 states. SUN’s general partner is a wholly owned subsidiary of Energy Transfer Equity, L.P. (NYSE: ETE).

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

BRC – KPMG: UK retail sales up by 5.6% in April vs April 2016

London, 2017-May-10 — /EPR Retail News/ —

BRC – KPMG RETAIL SALES MONITOR APRIL 2017

Covering the four weeks 2 – 29 April 2017

  • In April, UK retail sales increased by 5.6% on a like-for-like basis from April 2016, when they had decreased 0.9% from the preceding year.
  • On a total basis, sales rose 6.3% in April, against flat growth in April 2016. The performance is positively distorted by the timing of Easter and the highest since April 2011, another Easter distortion. This pulls the 3-month average to 2.0%, above the 12-month average of 1.3%.
  • Over the three-months to April, Food sales increased 2.4% on a like-for-like basis and 3.6% on a total basis. This is much faster than the 12-month Total average growth of 2.0%, the highest since February 2014.
  • Over the three-months to April, Non-Food retail sales in the UK increased 0.3% on a like-for-like basis and 0.7% on a total basis, almost in line with the 12-month Total average growth to 0.8%.
  • Over the three-months to April, Online sales of Non-Food products grew 8.2% while In-store sales declined 1.3% on a Total basis and 1.8% on a like-for-like basis, roughly in line with the 12-month average decline of 1.7%.

Helen Dickinson OBE, Chief Executive, British Retail Consortium

“As expected, the Easter holidays provided the welcome boost to retail sales, which goes some way to making up for the disappointing start to the year. That said, the positive distortion from the timing of Easter was largely responsible for the month’s growth and looking to the longer-term signs of a slowdown, the outlook isn’t as rosy.

“Taking a closer look at the sales figures, consumer spend on food and non-food items is diverging. Food categories continue to contribute the most weight to overall growth, although food inflation has a part to play in this. Meanwhile, consumers are being more cautious in their spending towards non-food products and focussing more on value priced lines.

“Shop prices are still down overall although other items of consumer spending are increasing headline inflation and hence driving a tightening of purse strings. Although today’s figures do indicate that consumers are still willing to spend, with a cocktail of rising costs and slowing wage growth as the backdrop, conditions for consumers will get tougher. The next Government needs to deliver a plan that puts consumers first in its economic policies and the forthcoming Brexit negotiations.”

Paul Martin, UK Head of Retail, KPMG

“April’s sales provided a brief period of respite for retailers following a relentless start to the year. However, much of the rise was driven by the timing of Easter and the growing inflationary pressures the sector is facing, rather than a sudden upswing in consumer confidence.

“Food and drink sales soared significantly in April, suggesting that feasts remain at the heart of festive holidays. That said, in the ultra-competitive grocery sector, these growth figures should be taken with a hefty pinch of salt, with margins under significant pressure and profitability remaining a concern.

“The growth in sales of children’s clothes and toys points to parents making the most of school holidays and keeping the kids entertained. Meanwhile, the rise in furniture sales suggests that springtime home improvements have been kicked into gear.

“Looking ahead, retailers need to ensure that this month’s boost doesn’t lull them into a false sense of security. The retail landscape is changing fast and as such, agility and the ability to manage costs will remain critical.”

Joanne Denney-Finch, Chief Executive, IGD

“April’s food and grocery sales are best viewed in combination with March to iron out the changing date of Easter. Sales across this two-month period were up by around 4 per cent on last year, exceptional growth by all recent standards. Partly, this is due to the return of some food inflation but the underlying demand for groceries was also very robust.

“The public remains in a state of uncertainty though and we cannot be sure how long the good run will last. The number of shoppers expecting to be better off in the year ahead has dipped to 21 per cent from 24 per cent last month.”

Contact:
BRC Press Office
TELEPHONE: + 44 (0) 20 7854 8924
EMAIL: media@brc.org.uk
OUT OF HOURS: +44 (0) 7557 747 269

Source: BRC

Maxima Grupė reports EUR 2.693 billion consolidated audited turnover in 2016

Vilnius, Lithuania, 2017-May-10 — /EPR Retail News/ — In 2016, consolidated audited turnover of “Maxima Grupė” companies in Baltic states, Poland and Bulgaria amounted to EUR 2.693 billion without VAT, consolidated net profit after tax comprised EUR 33 million, while investments in fixed assets exceeded EUR 67 million. More than EUR 179 million of taxes were paid in Lithuania.

The fastest turnover growth was recorded in Bulgaria

Last year, the consolidated turnover of “Maxima Grupė” companies was 0.4% higher than in 2015. In Bulgaria, the turnover increased by 22.1% and reached EUR 88.5 million, in Poland, it increased by 6.2% and amounted to EUR 48.2 million. In Estonia, the turnover increased by 1.1% to EUR 445 million, Latvia’s increase was 0.7% and the turnover amounted to EUR 694 million, in Lithuania, the turnover decreased by 1.4% and was EUR 1,503 billion.

The group operations were profitable; the decrease in profits were caused by unusual one-off costs

The companies of the group earned EUR 33 million of consolidated net profit, 57.4% less than in 2015 (EUR 77 million). The profit drop was mostly caused by one-off costs – assets impairment costs (EUR 22 million), Competition Council fine imposed in Lithuania (EUR 15 million), payments to the families of the victims of Zolitūde tragedy in Latvia (EUR 5 million). Without the mentioned one-off costs, the net profit would have amounted to almost EUR 75 million and it would have been 2.8% lower than in 2015. “Maxima LT” having the largest turnover, trade area and number of shops, earned EUR 54 million of net profits in 2016, 26.1% less than in 2015 (5.7% less without one-off fine imposed by the Competition Council).

The trade area and number of shops increased

In 2016 group companies invested over EUR 67 million in fixed assets. Trade area of “Maxima” in all countries increased by 3.6% and amounted to 548 thousand square metres. At the end of 2016 the group managed 552 Maxima X, Maxima XX, Maxima XXX, Aldik and T-Market stores: 237 in Lithuania, 150 in Latvia, 74 in Estonia, 61 in Bulgaria and 30 in Poland. Compared to 535 shops operated in 2015.

Maxima Grupė, UAB is a holding company founded in 2007, which controls retail trade companies in Lithuania, Latvia, Estonia, Poland, and Bulgaria. At the end of 2016, “Maxima Grupė” companies employed 30,945 people, with more than a half (16,555) of them working in Lithuania.

Comment of Robertas Čipkus, CEO at Maxima Grupė, UAB

Operating under the increased competition in 2016 “Maxima Grupė” companies were actively transforming their business. Corporate governance structure was reorganized and the management of subsidiary companies in Lithuania, Latvia, and Estonia was strengthened. The active business development has been implemented in Bulgaria and the reorganisation of business started in Poland.

The turnover of “Maxima Grupė” remained stable, while the decreased profits of the group were mainly influenced by unusual one-off costs.

We see great opportunities for further business growth in 2017. Macroeconomic situation in markets where our business enterprises operate remains stable, consumers’ expectations are improving, and consumption is growing. We will continue to expand business growth in foreign markets and to strengthen existing positions in Lithuania, where the largest part of “Maxima” business is located.

Contact:
Phone: +370 5 219 0134
Fax: +370 5 219 6001
E-mail: info@maximagrupe.eu

Source: Maxima Grupė

J. C. Penney cash tender offers for two outstanding series of securities

PLANO, Texas, 2017-May-10 — /EPR Retail News/ —  J. C. Penney Company, Inc. (NYSE: JCP) (the “Company”), as co-obligor on the Securities (as defined below), and J. C. Penney Corporation, Inc., a wholly owned subsidiary of the Company, as issuer of the Securities (“JCP”, and together with the Company, “J. C. Penney”), announced today the commencement of cash tender offers (collectively, the “Tender Offers” and, each individually, with respect to a series of Securities, the “Tender Offer” with respect to such series) by J. C. Penney to purchase up to $300 million aggregate principal amount (the “Maximum Tender Amount”) of the two outstanding series of securities issued by JCP, and for which the Company is a co-obligor, described in the table below (collectively, the “Securities”), except that with respect to the 5.75% Senior Notes due 2018 (the “2018 Notes”), J. C. Penney is only offering to purchase up to $75 million principal amount (the “2018 Tender Cap”):

TITLE OF SECURITY CUSIP NUMBER PRINCIPAL AMOUNT OUTSTANDING TENDER CAP ACCEPTANCE PRIORITY LEVEL BASE CONSIDERATION (1) EARLY TENDER PREMIUM (1) TOTAL CONSIDERATION(1)
5.75% Senior Notes due 2018 708130AB5 $265,000,000 $75,000,000 1 $1,000.00 $30.00 $1,030.00
8.125% Senior Notes due 2019 708160CA2 $400,000,000 N/A 2 $1,092.50 $30.00 $1,122.50
(1) Per $1,000 principal amount of Securities.

Certain Information Regarding the Tender Offers
The Tender Offers commenced today with respect to each of the series of Securities described in the table above, upon the terms and subject to the conditions set forth in the Offer to Purchase dated as of May 8, 2017 (the “Offer to Purchase”), and the accompanying Letter of Transmittal (together, the “Offer Documents”). The Tender Offers will expire at 11:59 p.m., New York City time, on June 5, 2017, unless J. C. Penney extends the Tender Offer with respect to either series of Securities (such date and time, as a Tender Offer with respect to a series of Securities may be extended, the applicable “Expiration Date” for such Tender Offer), unless earlier terminated. Holders of a series of Securities that validly tender, and do not validly withdraw at or prior to the applicable Withdrawal Deadline (as defined below), their Securities of such series at or prior to 5:00 p.m., New York City time, on May 19, 2017 (such date and time, as they may be extended with respect to a series of Securities, the applicable “Early Tender Date” with respect to such series of Securities), will be eligible to receive the applicable Total Consideration for such series of Securities as set forth in the table above per $1,000 principal amount of such series of Securities, which is equal to the Base Consideration for such series of Securities as set forth in the table above plus the applicable Early Tender Premium for such series of Securities as set forth in the table above, plus accrued and unpaid interest on such Securities from the last interest payment date for such series of Securities up to, but not including, the applicable settlement date for such series of Securities (“Accrued Interest”). Holders of Securities that validly tender their Securities after the applicable Early Tender Date but at or prior to the applicable Expiration Date, will only be eligible to receive the applicable Base Consideration for such series of Securities plus Accrued Interest for such series of Securities. Securities tendered pursuant to the Tender Offers may be withdrawn at or prior to, but not after, 5:00 p.m. New York City time, on May 19, 2017 (such date and time, as they may be extended with respect to a series of Securities, the applicable “Withdrawal Deadline”).

If any Securities are validly tendered at or prior to the applicable Expiration Date (and not withdrawn at or prior to the applicable Withdrawal Deadline) and the aggregate principal amount of such tendered Securities exceeds the Maximum Tender Amount, the Securities will be purchased, subject to the 2018 Tender Cap in the case of the 2018 Notes, in accordance with their respective acceptance priority levels set forth in the table above (the “Acceptance Priority Levels”) (in numerical priority order, with the highest priority being designated 1 and the lowest priority being designated 2) on the terms and subject to the satisfaction or, as applicable, waiver of the conditions to the Tender Offers, including subject to any prior purchase of Securities on any Early Settlement Date as described below, provided that in no event will J. C. Penney be obligated to purchase (1) an aggregate principal amount of Securities exceeding the Maximum Tender Amount or (2) an aggregate principal amount of 2018 Notes exceeding the 2018 Tender Cap. On the terms and subject to the satisfaction or, as applicable, waiver of the conditions to the Tender Offers, any Securities of a series validly tendered in the Tender Offers at or prior to the applicable Expiration Date (and not withdrawn at or prior to the applicable Withdrawal Deadline) having a higher Acceptance Priority Level will be accepted for purchase before any such validly tendered Securities having a lower Acceptance Priority Level are accepted for purchase, subject to the Maximum Tender Amount, the 2018 Tender Cap and any prior purchase of Securities on any Early Settlement Date as described below. If there are sufficient remaining funds to purchase some, but not all, of the Securities of a particular series of Securities based on the applicable Acceptance Priority Level, the principal amount of such Securities purchased will be prorated based on the aggregate principal amount of Securities of that series that have been validly tendered at or prior to the applicable Expiration Date (and not withdrawn at or prior to the applicable Withdrawal Deadline), subject, in the case of the 2018 Notes, to the 2018 Tender Cap, and, as to all Securities, the Maximum Tender Amount and any prior purchase of Securities on any Early Settlement Date as described below.

Securities of a series that are validly tendered at or prior to the applicable Early Tender Date (and not withdrawn at or prior to the applicable Withdrawal Deadline) will have priority over any Securities that are validly tendered after the applicable Early Tender Date. Accordingly, (1) if the aggregate principal amount of 2018 Notes validly tendered at or prior to the Early Tender Date (and not withdrawn at or prior to the applicable Withdrawal Deadline) equals or exceeds the 2018 Tender Cap, no 2018 Notes validly tendered after the Early Tender Date will be accepted for purchase, and (2) if the aggregate principal amount of Securities validly tendered at or prior to the Early Tender Date (and not withdrawn at or prior to the applicable Withdrawal Deadline) equals or exceeds the Maximum Tender Amount, no Securities validly tendered after the Early Tender Date will be accepted for purchase (even if they are Acceptance Priority Level 1).

J. C. Penney reserves the right, but is under no obligation, on any day following the Early Tender Date and prior to the applicable Expiration Date (any such day, an “Early Settlement Date”), to accept for purchase and payment, or to purchase and pay for, any Securities validly tendered prior to such Early Settlement Date (and not withdrawn at or prior to the applicable Withdrawal Deadline), subject to satisfaction or, as applicable, waiver of the conditions to the Tender Offers.

Neither of the Tender Offers is conditioned upon the tender of any minimum principal amount of the Securities, and the purchase of Securities of either series is not conditioned upon the purchase of the other series of Securities, subject to acceptance for purchase by J. C. Penney, upon the terms and subject to the conditions set forth in the Offer to Purchase, based on the Acceptance Priority Levels, and subject to proration, each as more fully described above and in the Offer Documents.

J. C. Penney reserves the right, subject to applicable law, to (i) waive any and all conditions to either of the Tender Offers, in whole or with respect to either series of Securities, (ii) extend the Early Tender Date, the Withdrawal Deadline or the Expiration Date or terminate or withdraw either of the Tender Offers, in whole or with respect to either series of Securities, (iii) increase or decrease the Maximum Tender Amount, (iv) increase or decrease the 2018 Tender Cap or (v) otherwise amend either of the Tender Offers, in whole or with respect to either series of Securities, in any respect.

J. C. Penney’s obligation to accept for purchase and to pay for Securities validly tendered in the Tender Offers is subject to the satisfaction or, as applicable, waiver of certain conditions as more fully described in the Offer to Purchase.

Barclays Capital Inc. is acting as dealer manager for the Tender Offers. Questions regarding the Tender Offers may be directed to Barclays Capital Inc. at (800) 438-3242 (toll-free) or (212) 528-7581 (collect).

D.F. King & Co., Inc. is acting as tender and information agent for the Tender Offers. Requests for copies of the Offer Documents may be directed to D.F. King & Co., Inc. at (212) 269-5550 (banks and brokers), (800) 357-9167 (toll-free) or email at jcp@dfking.com.

This press release is for informational purposes only and does not constitute an offer to purchase or the solicitation of an offer to sell any Securities. The Tender Offers are not being made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. No recommendation is made as to whether or not holders of Securities should tender their Securities pursuant to the applicable Tender Offer. The Tender Offers are being made solely pursuant to the Offer Documents, which more fully set forth and govern the terms and conditions of the Tender Offers. The Offer Documents contain important information and should be read carefully before any decision is made with respect to the Tender Offers.

Forward-Looking Statements
This press release may contain forward-looking statements, which reflect the Company’s current view of future events and financial performance. Words such as “expect” and similar expressions identify forward-looking statements, which include, but are not limited to, statements regarding the Tender Offers, the timing thereof and the conditions thereto. Forward-looking statements are based only on the Company’s current assumptions and views of future events and financial performance. They are subject to known and unknown risks and uncertainties, many of which are outside of the Company’s control, that may cause the Company’s actual results to be materially different from planned or expected results. Those risks and uncertainties include, but are not limited to, general economic conditions, including inflation, recession, unemployment levels, consumer confidence and spending patterns, credit availability and debt levels, changes in store traffic trends, the cost of goods, more stringent or costly payment terms and/or the decision by a significant number of vendors not to sell us merchandise on a timely basis or at all, trade restrictions, the ability to monetize non-core assets on acceptable terms, the ability to implement our strategic plan including our omnichannel initiatives, customer acceptance of our strategies, our ability to attract, motivate and retain key executives and other associates, the impact of cost reduction initiatives, our ability to generate or maintain liquidity, implementation of new systems and platforms, changes in tariff, freight and shipping rates, changes in the cost of fuel and other energy and transportation costs, disruptions and congestion at ports through which we import goods, increases in wage and benefit costs, competition and retail industry consolidations, interest rate fluctuations, dollar and other currency valuations, the impact of weather conditions, risks associated with war, an act of terrorism or pandemic, the ability of the federal government to fund and conduct its operations, a systems failure and/or security breach that results in the theft, transfer or unauthorized disclosure of customer, employee or Company information, legal and regulatory proceedings and the Company’s ability to access the debt or equity markets on favorable terms or at all. There can be no assurances that the Company will achieve expected results, and actual results may be materially less than expectations. While the Company believes that its assumptions are reasonable, the Company cautions that it is impossible to predict the degree to which any such factors could cause actual results to differ materially from predicted results. The Company intends the forward-looking statements in this press release to speak only as of the date of this press release and does not undertake to update or revise these forward-looking statements as more information becomes available.

About JCPenney:
J. C. Penney Company, Inc. (NYSE:JCP), one of the nation’s largest apparel and home furnishings retailers, is on a mission to ensure every customer’s shopping experience is worth her time, money and effort. Whether shopping jcp.com or visiting one of over 1,000 store locations across the United States and Puerto Rico, she will discover a broad assortment of products from a leading portfolio of private, exclusive and national brands.  Supporting this value proposition is the warrior spirit of over 100,000 JCPenney associates worldwide, who are focused on the Company’s three strategic priorities of strengthening private brands, becoming a world-class omnichannel retailer and increasing revenue per customer. For additional information, please visit jcp.com.

Media Relations:
(972) 431-3400
jcpnews@jcp.com

Investor Relations:
(972) 431-5500
jcpinvestorrelations@jcpenney.com

Source: J. C. Penney Company, Inc.

Kroger recognized for its commitment to the health and wellness of its associates by the Cincinnati Business Courier

CINCINNATI, 2017-May-10 — /EPR Retail News/ — The Kroger Co. (NYSE: KR) was honored by the Cincinnati Business Courier as a 2017 Healthiest Employer.  The award recognizes the company for its commitment to the health and wellness of its more than 443,000 associates.

“We’re honored to be recognized as one of the healthiest employers in our headquarters region,” said Tim Massa, Kroger’s group vice president of human resources and labor relations. “We are committed to the overall well-being of our associates – physically, financially and emotionally. Our goal is to have the healthiest workforce in America.”

In recent years, Kroger has reinforced healthy living for associates by providing a comprehensive benefits program and resources available for their use in their everyday lives, including interactive health and wellness challenges, preventative care education and an employee assistance program.   The Kroger total rewards team, led by Vice President, Theresa Monti, strives to continue to find simple and impactful ways to promote healthy lifestyles for associates and their families.

Kroger is a four-time winner of the American Heart Association’s “Fit-Friendly Company Platinum Achievement Award”.  The company was also recently named to the “Top 100 Healthiest Workplaces in America” by the Healthiest Employer, LLC.

Every day, the Kroger Family of Companies makes a difference in the lives of eight and a half million customers and 443,000 associates who shop or serve in 2,796 retail food stores under a variety of local banner names in 35 states and the District of Columbia. Kroger and its subsidiaries operate an expanding ClickList offering – a personalized, order online, pick up at the store service – in addition to our 2,255 pharmacies, 784 convenience stores, 319 fine jewelry stores, 220 retail health clinics, 1,445 supermarket fuel centers and 38 food production plants in the United States. Kroger is recognized as one of America’s most generous companies for its support of more than 100 Feeding America food bank partners, breast cancer research and awareness, the military and their families, and more than 145,000 community organizations including schools. A leader in supplier diversity, Kroger is a proud member of the Billion Dollar Roundtable.

SOURCE: The Kroger Co.

Giant Tiger launches its new spring/summer campaign

OTTAWA, 2017-May-10 — /EPR Retail News/ — Giant Tiger Stores Limited is launching its new spring/summer commercials today (May 8, 2017) with the continuation of the “Inner Voice” campaign. The marketing campaign will continue to use a woman’s inner voice to create positive empowerment and self-acceptance messages while highlighting the great styles and prices Giant Tiger is known for.  Each TV ad focuses on Giant Tiger’s private label women’s fashion lines and ends with the tagline, “confidence looks good on you.”

“Our objective is to continue to elevate our exclusive, private label brands, lily morgan and mySTYLE, by creating mass consumer awareness,” explains Karen Sterling, Vice President of Marketing, Giant Tiger Stores Limited. “These commercials and our spring/summer marketing campaign are part of the overall evolution of a beloved and iconic Canadian retailer. They demonstrate that Giant Tiger not only ‘gets’ Canadian women but respects her by developing a campaign in which the protagonists are authentic and relatable.”

Each ad tells the story of one woman realizing that the key to looking great and feeling great is self-confidence. Giant Tiger used insight and feedback received on the previous “inner voice” commercials to expand on concepts that resonate with Giant Tiger’s core customer, the busy, time-starved mom.

In the lily morgan ad, “Girlfriends,” two women support their friend to try to do something courageous and new. The power of friends and confidence is highlighted with stylish “going out” lily morgan fashions at incredible value. In the “Wannabe” ad, the main character dressed on trend and casually in mySTYLE, realizes that she has become the woman she has always wanted to be.

Giant Tiger worked with Yield Branding on the creative concepts and execution of this commercial campaign. “Yield is thrilled to once again be working with Giant Tiger,” said Ted Nation, President of Yield Branding. “As Giant Tiger continues to expand in new markets, clearly communicating the brand and value proposition is key to their business growth and continued success.”

The “Confidence Looks Good on You” ads will be running from May 8th until June 25th on specialty TV stations and digital outlets.

For a full listing of communities in which Giant Tiger will be opening soon, please visit https://www.gianttiger.com/category/aboutgt/community/store-openings.do

About Yield Branding: Yield is a strategic + creative boutique, delivering richer brand experiences using human behaviour as the catalyst to drive higher performance.

About Giant Tiger:

Giant Tiger is the leading Canadian owned family discount store, committed to providing on-trend family fashions, groceries and everyday household needs. Known as Canada’s best kept secret the privately held company has over 225 locations across Canada and employs over 8,000 team members. All Giant Tiger locations are locally owned or operated by a team member who knows the community. Annually Giant Tiger Stores Limited donates $2 million to charities and agencies directly in our communities. The friendly stores with the iconic yellow logo are not only where Canadians shop more and spend less, but also are proud to be known as retailer of choice. #foryouforless

Join the conversation and keep up to date on all Giant Tiger news:
Like us on Facebook: Giant Tiger
Follow us on Instagram: @Gianttigerstore
Follow us on Twitter: @GTBoutique
Subscribe to our YouTube channel: Giant Tiger Store

Media Inquiries :

Alison Scarlett
Manager
Brand Communications
ascarlett@gianttiger.com

SOURCE: Giant Tiger Stores Limited

17th annual Hannaford Helps Schools campaign raised $640,000 for more than 1,500 local schools

Scarborough, Maine, 2017-May-10 — /EPR Retail News/ — Hannaford Supermarkets today (May 9, 2017) announced that the 17th annual Hannaford Helps Schools campaign has raised $640,000 for local schools in Maine, New Hampshire, Vermont, New York and Massachusetts.

More than 1,500 schools received funds that they can use to support their educational program — field trips, supplies, activities, or new playground equipment. Customers make the Hannaford donations possible when they purchase eligible products. Schools from kindergarten to grade 12 can participate.

“These funds make a big difference in extending the local budget so teachers and schools can provide a different kind of learning opportunity or do something extra for students,” said Hannaford Spokesman Eric Blom.

The top recipients in each state are:
Maine: Mabel I. Wilson School, Cumberland — $2,683
Massachusetts: Taunton High School, Taunton — $2,113
New Hampshire: Alton Central School, Alton — $2,314
New York: Duanesburg Middle School, Delanson — $2,914
Vermont: Milton Elementary School, Milton — $2,566

Customers earned $3 for their local school when they purchased four participating products.  The program generated $441,894 in these donations, and the top-raising school at each store received $1,000 bonus checks from Hannaford.  Overall, the program contributed $640,894 to local education this year.

Since its inception, Hannaford Helps Schools has raised $10.3 million for schools in New England and New York.

About Hannaford Supermarkets
Hannaford Supermarkets, based in Scarborough, Maine, operates 181 stores in the Northeast. Stores are located in Maine, New York, Massachusetts, New Hampshire, and Vermont. Hannaford employs more than 26,000 associates. Additional information can be found at www.hannaford.com.

Contact:
Eric Blom
207-885-3132

Source: Hannaford Supermarkets

Office Depot declares quarterly dividend of $0.025 per share

BOCA RATON, Fla., 2017-May-10 — /EPR Retail News/ — Office Depot, Inc. (NASDAQ: ODP) announced that its Board of Directors declared a dividend of $0.025 per share ($0.10 per share on an annualized basis) on the common stock of the Company. The dividend is payable on June 15, 2017, to shareholders of record at the close of business on May 25, 2017.

About Office Depot, Inc.

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

The company had 2016 annual sales of approximately $11 billion, employed approximately 38,000 associates, and served consumers and businesses in North America and abroad with approximately 1,400 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization – with a global network of wholly owned operations, franchisees, licensees and alliance partners. The company operates under several banner brands including Office Depot, OfficeMax and Grand & Toy. The company’s portfolio of exclusive product brands include TUL, Foray, Brenton Studio, Ativa, WorkPro, Realspace and Highmark.

Office Depot, Inc.’s common stock is listed on the NASDAQ Global Select Market under the symbol “ODP.”

Office Depot is a trademark of The Office Club, Inc. OfficeMax is a trademark of OMX, Inc. ©2017 Office Depot, Inc. All rights reserved. Any other product or company names mentioned herein are the trademarks of their respective owners.

FORWARD LOOKING STATEMENTS

This communication may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements or disclosures may discuss goals, intentions and expectations as to future trends, plans, events, results of operations, cash flow or financial condition, or state other information relating to, among other things, Office Depot, based on current beliefs and assumptions made by, and information currently available to, management. Forward-looking statements generally will be accompanied by words such as “anticipate,” “believe,” “plan,” “could,” “estimate,” “expect,” “forecast,” “guidance,” “outlook,” “intend,” “may,” “possible,” “potential,” “predict,” “project,” “propose” or other similar words, phrases or expressions, or other variations of such words. These forward-looking statements are subject to various risks and uncertainties, many of which are outside of Office Depot’s control. There can be no assurances that Office Depot will realize these expectations or that these beliefs will prove correct, and therefore investors and stockholders should not place undue reliance on such statements.

Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things, impacts and risks related to the termination of the Staples acquisition, disruption in key business activities or any impact on Office Depot’s relationships with third parties as a result of the announcement of the termination of the Staples Merger Agreement; unanticipated changes in the markets for Office Depot’s business segments; the inability to realize expected benefits from the disposition of the European and other international operations; fluctuations in currency exchange rates, unanticipated downturns in business relationships with customers or terms with the company’s suppliers; competitive pressures on Office Depot’s sales and pricing; increases in the cost of material, energy and other production costs, or unexpected costs that cannot be recouped in product pricing; the introduction of competing technology products and services; unexpected technical or marketing difficulties; unexpected claims, charges, litigation, dispute resolutions or settlement expenses; new laws, tariffs and governmental regulations. The foregoing list of factors is not exhaustive. Investors and stockholders should carefully consider the foregoing factors and the other risks and uncertainties described in Office Depot’s Annual Report on Form 10-K, as amended, and Quarterly Reports on Form 10-Q filed with the U.S. Securities and Exchange Commission. Office Depot does not assume any obligation to update or revise any forward-looking statements.

Contact:

Richard Leland
561-438-3796
Investor Relations
Richard.Leland@officedepot.com

Karen Denning
630-438-7445
Media Relations
Karen.Denning@officedepot.com

Source: Office Depot, Inc.

SSP America opens new food hall Marche C at Tampa International Airport

SSP America opens new food hall Marche C at Tampa International Airport

 

London, 2017-May-10 — /EPR Retail News/ — SSP America, a division of SSP Group, a leading operator of food and beverage brands in travel locations worldwide, has announced the opening of Marche C at Tampa International Airport, which is part of a larger 10-year contract to operate 14 units at the airport. An immensely large food hall, Marche C draws travelers in with an impressive group of local, Tampa culinary heroes including Goody Goody, Ulele and Café con Leche Ybor City from Columbia Restaurant Group, as well as Bavaros, Fitlife Foods and Louis Pappas Fresh Greek.

With the original restaurant opening in 1905, the Columbia Restaurant Group (CRG) has been instrumental in building the Tampa culinary scene. Still owned and operated by the founding family, CRG restaurants Ulele, Goody Goody and Café con Leche Ybor City were the perfect choice for TPA Marche C.  Ulele offers travelers charbroiled and raw oysters, grouper and chicken as well as craft beers and cocktails. Founded in 1925 and reopened after a 12-year hiatus, Goody Goody features burgers, pies and fries as well as breakfast sandwiches. A new concept created specifically for Marche C, Café con Leche Ybor City offers travelers a variety of coffees brewed in Tampa’s Ybor City, as well as delicious churros and pastries.

“We are tremendously excited for our three restaurants to join our restaurant friends and colleagues here at Marche C,” said Richard Gonzmart, fourth generation “caretaker” of the Columbia Restaurant Group. “Airports form travelers’ first and last impressions of an area. With Tampa International now offering a wide array of flavors from locally owned, family businesses, the best airport in the country now becomes the one with the best taste, too.”

Staying true to the Pappas family’s core values of pure Greek cooking, Louis L. Pappas continues almost a century of Pappas tradition with his fast casual concept, Louis Pappas Fresh Greek. Louis Pappas Fresh Greek serves up authentic Greek cuisine to a new generation of today’s busy customers who refuse to choose between convenience and great taste.  Using only the freshest and healthiest of ingredients, the talented chefs at Louis Pappas Fresh Greek have brought a true taste of Tampa to Marche C.

Speaking on the opening, Louis Pappas said, “Louis Pappas Fresh Greek is proud to be among the Tampa Bay area restaurants chosen to part of Tampa International’s new look. Louis Pappas Fresh Greek and our partner, SSP America will continue to provide a high standard of food quality and service to busy travelers, representing Tampa Bay with pride.”

Prior to opening Bavaro’s, founder Dan Bavaro traveled to Italy to learn firsthand the art of Neapolitan pizza making from 3rd generation Neapolitan family bakers. When he returned, Bavaro created a menu is focused around a stunning imported wood-fired brick oven hand crafted and brought over from Naples.  At Marche C, travelers flock to the crackling sound of the flamed 900 degree oven and the sweet aroma of fresh, Italian flavors.

When asked about the grand opening, Bavaro said, “We are honored to partner with SSP America and Tampa International Airport, and are incredibly excited about the opportunity to share our passion with travellers at Marche C.”

David Osterweil’s Fitlife Foods will offer passengers flavor-forward, healthy grab-and-go meals specifically prepared to power your travel endurance.  Using fresh local ingredients, salads, wraps and expertly crafted meals and snacks are perfectly portioned, and meet every dietary preference including gluten-free, low-carb and vegetarian.

Commenting on the opening, Osterweil said, “We’re excited to be a part of this opportunity and represent Tampa and the local business community. At Fitlife Foods, we are committed to powering travelers to be at their best with our fresh, grab and go items that are nutritious, delicious and perfectly crafted from scratch.  It’s time to energize people moving through TPA!”

SSP America CEO Michael Svagdis commented, “We are honored to deliver a concept that is tailored to TPA’s vision of an extraordinary passenger experience that attracts travelers from around the globe.The restaurants at Marche C will truly offer TPA travelers a taste of place.”

Press Enquiry:
Templemere Public Relations
+44 (0) 1306 735574
press.office@ssp-intl.com

Source: SSP America

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Macy’s kicks off its new Celebrate Summer campaign

Macy’s kicks off its new Celebrate Summer campaign

 

  • Find the latest in fashion and home for the season’s pool parties, beach days and road trips, including a special I.N.C + Popsicle® collaboration
  • New partnership with the Y benefits summer camp programs for kids

NEW YORK, 2017-May-10 — /EPR Retail News/ — The best season ever begins at Macy’s (NYSE:M), as the retailer kicks off its new Celebrate Summer campaign this May. Bringing together the best in fashion and home for pool parties, road trips and everything in between, the seasonal celebration also features limited-edition collaborations, CR by Cynthia Rowley and I.N.C + Popsicle®. Also this month, Macy’s Fashion Pass benefits the Y’s summer camp programs, and in-store events encourage customers to experience the best of summer in their local store.

I.N.C + Popsicle®

I.N.C International Concepts has partnered with The Original Brand Popsicle® for a limited-edition capsule, sold exclusively at Macy’s. The bright and bold collection features playful prints inspired by the iconic Popsicle®brand and is comprised of women’s, men’s and young girls’ clothing, as well as women’s accessories. The collection is anchored by an all-over Popsicle® pattern that features artistic interpretations of favorite pop flavors like the Firecracker® and Creamsicle®, and brings summertime fun to life through fashion.

Pool Party and Beach Looks

Summer calls for beach-side and pool-side shindigs, and Macy’s has everything you need to look fabulous. Rainbow-hued two-piece bathing suits and electric macramé one-pieces set the color setting to high for fun-in-the-sun adventures. Chic cover-ups with exuberant prints, tassels, and lace and cut-out details are statement-making staples that perfectly transition from day to night. Novelty tees with cheeky bon mots and cool patches layer perfectly with denim cut-offs and fray-hemmed jeans for when the sun sets. Finish off your festive looks with pompom-bedecked wicker purses and rhinestone-encrusted slides for an easy, breezy, yet funky take on summer style.

The pool float and novelty beach towel are must-haves for summer 2017, complete with fruit motifs and colorful graphics. Martha Stewart Collection and Lacoste feature plush beach towels with playful patterns such as pineapples, flamingos, ice cream cones, stripes and bold geometric designs.

Road Trip Fashion

Concerts, festivals, diners, bazaars—all stops along a great summer road trip. For those seasonal jaunts, Macy’s has all the looks to keep you comfortable, yet trendy throughout. Denim and tees are huge for the road tripper this summer, but with a twist. Updates to the Americana motif combine with patchwork and ripped-and-repaired denim to achieve an aesthetic perfect for the road.

CR by Cynthia Rowley

Macy’s has partnered with designer Cynthia Rowley for a limited-edition line, CR by Cynthia Rowley. The high-spirited collection taps into the cheerful and vivacious essence at the core of the celebrated designer’s eponymous brand. The limited-time collection is a celebration of summer that includes tops, skirts, pants, dresses and jackets rendered in wispy fabrics and fanciful prints to match the season. Perfect for beachside dates, rooftop fetes, and everything in between, the collection embraces Cynthia Rowley’s signature joie de vivre that’s perfect for the season.

You’re Invited: The Best in Summer Entertaining

Whether hosting a summer block party or backyard bash, Macy’s is the ultimate destination for everything summer entertaining this season. Tablescapes will showcase an explosion of the color wheel this summer with bright candy hues. Fiesta offers place settings, open stock dinnerware and serving pieces in a full spectrum of colors – from cobalt and shamrock to scarlet and tangerine. These rainbow brights are sure to be a hit at summer gatherings, and are great for everyday use, too.

Melamine tableware is a must-have this summer and Certified International brings a wide assortment of dinnerware and serveware in vibrant floral and checkered patterns. Complete your table with acrylic drinkware by Martha StewartCollection, including highball glasses and pitchers, which are a great choice for carefree entertaining. For those on burger, hot dog and kebab duty, grills by Char-Broil are a party essential for feeding a crowd, whether large or small.

To host a summer evening soirée in style, Thirstystone at Macy’s offers a range of beautiful serveware, such as onyx marble cheeseboards with copper detailing, acacia wood and marble coasters, and wood serving boards with chevron patterns.

“Macy’s Celebrate Summer campaign features all the must-haves for the season,” said Roberson Keffer, Macy’s vice president / Fashion Director for Home. “Melamine tableware, novelty beach towels and colorful dinnerware will highlight any occasion to entertain from indoor to out.”

Macy’s Supports Summer Camps

As part of Macy’s Fashion Pass, the retailer will embark on a new partnership with the Y, one of the nation’s leading nonprofits that provides programs and services in 10,000 neighborhoods nationwide, with a focus on youth development, healthy living and social responsibility. From Friday, May 19 to Sunday, May 21, customers can give $3 at the register at any Macy’s store or online at macys.com and receive a 25 percent off savings pass to get discounts all day (exclusions and restrictions apply). All donations will support the Y’s camp scholarship program, which provides new experiences for kids, builds confidence and helps develop skills. Pre-sale of the savings passes will begin on Sunday, May 14 in store.

Celebrate Summer at Macy’s Stores

On Saturday, May 20, Macy’s will host pool party events in select stores to celebrate all things summer and swim. Complete with positive vibes and playful activities, in-store parties will help customers discover their ultimate summer style and what home essentials they need to make summer parties special. For more information about Celebrate Summer events happening in your local area, visit macys.com/events.

For more information about Macy’s fashion for the Celebrate Summer campaign, visit macys.com/trendreport. For details about Macy’s partnership with the Y, visit macys.com/fashionpass.

About Macy’s

Macy’s, the largest retail brand of Macy’s, Inc., delivers fashion and affordable luxury to customers at approximately 670 locations in 45 states, the District of Columbia, Puerto Rico and Guam, as well as to customers in the U.S. and more than 100 international destinations through its leading online store at macys.com. Via its stores, e-commerce site, mobile and social platforms, Macy’s offers distinctive assortments including the most desired family of exclusive and fashion brands for him, her and home. Macy’s is known for such epic events as Macy’s 4th of July Fireworks® and the Macy’s Thanksgiving Day Parade®, as well as spectacular fashion shows, culinary events, flower shows and celebrity appearances. Macy’s flagship stores — including Herald Square in New York City, Union Square in San Francisco, State Street in Chicago, and Dadeland in Miami and South Coast Plaza in southern California — are known internationally and are leading destinations for visitors. Building on a more than 150-year tradition, and with the collective support of customers and employees, Macy’s helps strengthen communities by supporting local and national charities giving more than $69 million each year to help make a difference in the lives of our customers.

For Macy’s media materials, including images and contacts, please visit our online pressroom at macys.com/pressroom.

About the Y

The Y is one of the nation’s leading nonprofits strengthening communities through youth development, healthy living and social responsibility. Across the U.S., 2,700 Ys engage 22 million men, women and children – regardless of age, income or background – to nurture the potential of children and teens, improve the nation’s health and well-being, and provide opportunities to give back and support neighbors. Anchored in more than 10,000 communities, the Y has the long-standing relationships and physical presence not just to promise, but to deliver, lasting personal and social change. ymca.net

Macy’s Media Relations
Billy Dumé
646-429-7449
billy.dume@macys.com

Tracy Davis
646-429-7470
tracy.davis@macys.com

Source: Macy’s, Inc.

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J Sainsbury plc announces the appointment of Phil Jordan as Group Chief Information Officer

J Sainsbury plc announces the appointment of Phil Jordan as Group Chief Information Officer

 

London, 2017-May-10 — /EPR Retail News/ — J Sainsbury plc today (05 May 2017) announces the appointment of Phil Jordan as Group Chief Information Officer (Group CIO). He will join the business in January 2018 and will be a member of Sainsbury’s Operating Board, reporting to Group Chief Executive, Mike Coupe.

Phil Jordan joins from Telefonica where he was Global CIO and previously European CIO. Prior to that, Phil spent a number of years in senior roles at Vodafone, including as CIO UK & Ireland.

Mike Coupe said: “I am pleased to announce that Phil Jordan will be joining us in the role of Group CIO of Sainsbury’s Group. His appointment recognises the strategic importance of digital and information technology as an enabler for our future success and sets us up to deliver excellence in this area across the business.”

Phil Jordan added: “I’m delighted to be joining Sainsbury’s as Group CIO. The role of the Digital & Technology function in the retail sector has never been greater as the pace of change accelerates. Technology and digital services extend to every part of Sainsbury’s and, following its recent expansion, this is a very exciting time to join the Group.”

Phil will be supported in this new role by the D&T business leaders, Richard Newsome (Sainsbury’s), George Goley (Sainsbury’s Argos) and Alan Hyndman (Sainsbury’s Bank).

Contact:

press_office@sainsburys.co.uk
020 7695 7295

Source: Sainsbury’s

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H&M commits to doubling its energy productivity by 2030; joins EP100

STOCKHOLM, Sweden, 2017-May-10 — /EPR Retail News/ — H&M is the first international fashion retailer to join EP100 since its launch in May 2016. The company is now part of a global, collaborative initiative that consists of nine other major leading businesses such as Woolworths, Land Securities, Dalmia Cement, Swiss Re, and Johnson Controls.

Led by The Climate Group in partnership with the Alliance to Save Energy, EP100 encourages influential businesses to double their energy productivity as part of international efforts to transition to a net-zero economy. By doubling the economic output from every unit of energy consumed, companies set a bold target, demonstrating climate leadership while reaping the benefits of lower energy costs.

On joining the campaign, Pierre Borjesson, Global Sustainability Business Expert, H&M said: “‘Using less energy and increasing our economic output is a fundamental part of our strategy. He continues: “We have long been working to reduce our climate impact and recently launched our new commitment to achieve a climate positive value chain by 2040. This means H&M will support reductions of greenhouse gases to larger extent than what our value chain emits. Two of our key priorities are leadership in energy productivity and using renewable energy throughout the value chain.”

By 2030 latest H&M plans to build future stores using 40% less energy per square meter, compared to those constructed today. Within its stores, the retailer aims to invest in new technologies for lighting, heating, ventilation and air conditioning (HVAC) systems to improve its operational energy productivity. Additionally, H&M aims to have 100% of its supplier partners enrolled in an energy efficiency program by 2025, as well as reduce the energy used in its logistics transport and warehouses.

Helen Clarkson, Chief Executive of The Climate Group said: “It is great to see a multinational such as H&M taking a leading role in enhancing energy efficiency by joining EP100. Already a member of our RE100 initiative that commits businesses to renewable power, H&M is going one step further in enhancing its commitment to climate initiatives.

“We hope that H&M’s leadership in this area can inspire other companies across sectors to embrace energy productivity initiatives, to align economic growth with environmental sustainability.”

About EP100

EP100 is a global campaign led by The Climate Group that encourages the world’s most influential businesses to pledge to double their energy productivity, to maximize the economic benefits from every unit of energy they consume. Active members of EP100 include: Covestro, Dalmia Cement, Danfoss, Hongbo, Johnson Controls, Mahindra & Mahindra, Mahindra Holidays & Resorts, and Swiss Re. @ClimateGroup
The campaign is in partnership with the Alliance to Save Energy, as part of the We Mean Business Coalition.

About The Climate Group

The Climate Group is an award-winning, international non-profit. They specialize in bold, catalytic and high-profile climate and energy initiatives with the world’s leading businesses and state and regional governments. Their work is at the forefront of ambitious climate action. Their vision is a world of prosperous ‘net-zero’ emission economies and thriving, sustainable societies. Their mission is to catalyze climate leadership in government and business to accelerate the shift to a prosperous and thriving ‘net-zero’ future for all. They do this by communicating to inform, convening to connect, and collaborating to scale and succeed. Founded in 2004, the offices are in Beijing, Hong Kong, New Delhi, New York and London.  TheClimateGroup.org | @climategroup

Contact:
Camilla Emilsson Falk
+46 8 796 39 95

Source: H&M

H&M opens its first store in Colombia

H&M opens its first store in Colombia

 

On May 6th 2017, more than 3,000 shoppers eagerly awaited the moment when H&M opened its doors to their Colombian fans for the very first time in Bogota at Centro Commercial La Colina.

STOCKHOLM, Sweden, 2017-May-10 — /EPR Retail News/ — The new store opening was highly anticipated with locals queuing from 2:00 pm two days before to get the first glimpse of one of the worlds largest H&M stores and all of the latest fashion collections. The 6,000 square metre store which spans two levels, houses a selection of fashion and accessories for men, women, teens and kids.

The hype outside the store began at 7:00 am when H&M served coffee, and snacks and exclusive gift bags were given to those excited fans who were first in line. Colombian Radio Host Alejandro Marin was on hand to do a live radio remote from the new store and interact with fans in line. TV host and local influencer Laura Tobon was also part of the excitement and counted down the opening and hosted fans. The first eager fans in line were also treated to gift cards with 600,000 pesos to enjoy all of the fabulous fashion in store and the next 300 people received 150,000 pesos each. H&M staff then performed their iconic team dance along with award winning dance troop Dunkan Dance to add to the electric atmosphere.

“We have been waiting for this day for a long time now and the response from our fans in Bogota was worth the wait! I am proud to welcome shoppers to our very first store and we are pleased to be able to offer our customers added value through fashion, quality and sustainability at the best price” says North American Continental Manager Daniel Kulle.

Contact:
Camilla Emilsson Falk
+46 8 796 39 95

Source: H&M

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Lowe’s Iris smart home security system expands with new professional monitoring service

Lowe’s Iris smart home security system expands with new professional monitoring service

 

MOORESVILLE, N.C., 2017-May-10 — /EPR Retail News/ — Lowe’s Companies, Inc. today (May 8, 2017) announced the release of a professional monitoring service for the all-inclusive, market-leading price of $14.95 per month for its Iris smart home security system. The new professional monitoring service gives residential customers the ability to have emergency responders dispatched to their homes in the event of a security, smoke, carbon monoxide or panic alarm with no long-term contract required.

The launch of professional monitoring is part of an expanded set of features, devices and services that Iris is introducing to address smart home customers’ interest in home security, including:

  • A new Alarm Tracker™ feature within the Iris user experience allows users to track security, smoke, carbon monoxide and panic alarm activity in their home quickly, and to easily see when help is on the way in an emergency situation.
  • Two new premium, pet-immune motion sensors from Bosch that can be manually configured to adjust the sensitivity of motion detection now integrate with Iris.
  • The professional monitoring service also includes Iris’ cellular backup service*, which means Iris users’ systems stay connected even if their internet service provider fails.

“Our goal is to help our customers feel safer and more secure in their homes by combining professional monitoring with all the benefits of a smart home. Smart home security doesn’t have to be a luxury—we believe in delivering the best value without the hassle and expense of a long-term contract and high monthly fees,” said Mick Koster, vice president and general manager of Iris. “Our easy-to-install, DIY system means customers choose exactly what they want, exactly how they want it, for the most affordable and complete smart home of their dreams.”

Iris Professional Monitoring Service
Lowe’s is partnering with United Central Control (UCC), a Five Diamond-rated central monitoring station, to offer the service.

To enroll, current Iris security users need only to login using the Iris web interface, www.irisbylowes.com, and update their service plan. Prospective Iris customers can get started for less than $100 for a limited time. They can purchase an Iris Security Starter Pack, available for $99, and they will receive the Smart Hub ($69.99 value) for free. Customers are guided through the simple setup process once they download the free Iris app, which provides the convenience of monitoring and controlling their smart home security system from their smartphone or computer.

Current devices that are able to be professionally monitored include: Iris contact sensors, Iris motion sensors, Iris keypads, Utilitech glass break sensors, Nyce Hinge & Tilt sensors, the Iris garage door controller, the new Bosch premium motion sensors, Halo and First Alert smoke/CO detectors and other security sensors that have the “works with Iris” brand icon and are listed on www.irisbylowes.com.

Customers should also contact their homeowners’ insurance carrier to check availability for additional discounts on their policy.

Iris professional monitoring is now available in certain zip codes in 44 states. Iris will continue to expand availability to new markets throughout the year. For updates on availability in a specific area, please visit: www.irisbylowes.com/monitoring.

Updated Iris Service Plans for Greater Value
Iris has updated its three service plans to provide even greater value for its customers with the addition of new features. Users have the flexibility to change their plan at any time as their needs change.

  • Basic Service, offered for free, is intended for the majority of Iris users and includes everything a user needs to monitor and control their home. This plan now includes the ability to create Rules and Scenes for greater smart home control and automation, and the Favorites bar, which is a popular feature among current users.
  • Premium Service, offered at $9.99 per month, includes all the features of Basic plus a few advanced features designed for the smart home fans who want even more control and knowledge of their home. This plan now includes a new History Visualization feature which enables customers to more quickly see activity in their home as well as other key features such as the Care service to enable monitoring of any disruptions to loved ones’ daily routines, camera recording and the new Alarm Tracker™ feature. Camera recording has been expanded to include an additional 1GB of storage, bringing the total allotment to 3GB per account.
  • Professional Monitoring Service, offered for $14.95 per month, is a new all-inclusive Iris service plan which includes all the features of Premium, plus cellular backup service* and 24/7 monitoring of your home for security, smoke, carbon monoxide and panic alarms. This plan is for the homeowner who wants to rely on the professionals to keep their home protected.

Because Iris also works with both Google Assistant and Amazon Alexa, all Iris customers can use their voice to control their homes for greater convenience, at no additional cost.

For more information on products and services, please visit IrisbyLowes.com.

*An approved cellular modem purchase is required to enable the cellular backup service.

About Lowe’s
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 17 million customers a week in the United States, Canada and Mexico. With fiscal year 2016 sales of $65.0 billion, Lowe’s and its related businesses operate or service 2,365 home improvement and hardware stores and employ over 290,000 people. Founded in 1946 and based in Mooresville, N.C., Lowe’s supports the communities it serves through programs that focus on K-12 public education and community improvement projects. For more information, visit Lowes.com.

Media Inquiries:
704-758-2917
PublicRelations@Lowes.com

SOURCE: Lowe’s Companies, Inc.

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Asda launches new product developments with Comber-based supplier Mash Direct

Asda launches new product developments with Comber-based supplier Mash Direct

 

Mash Direct cooks up ‘fresh’ new Asda deal

LEEDS, England,, 2017-May-10 — /EPR Retail News/ — Family-owned Mash Direct has landed a significant contract with Asda to supply five new lines of its award-winning produce to selected Asda stores in Northern Ireland.

The Comber-based supplier has extended its offering of easy-cook traditional vegetables with three new product developments – Sweet Potato Mash Caribbean Style (350g), Leek and Potato Mash (350g) and Roast Potatoes (400g).

Shoppers with larger families will also be able to enjoy a wider range of exclusive to Asda pack sizes with the introduction of Mashed Turnip (1kg) and Carrot and Parsnip (1kg) – which are all steam-cooked to retain the taste, texture and nutritional benefits of the vegetables.

“We put six generations of farming expertise into all of our products,” said Clare Foster, Head of Marketing at Mash Direct.

“Made using heritage vegetable varieties, chosen for flavour rather than appearance, the popularity of our locally-sourced range has seen Mash Direct grow into a £16m turnover company – with continuing expansion plans, including the recent completion of a new 25,000 square foot on-site factory.

“Mash Direct is delighted to build upon its existing relationship with Asda. By working closely with the retailer over the past 10 years, including initiatives such as the Supplier Development Academy and the Sustain & Save programme, we have gained an understanding of what the Asda shopper is looking for, and are able to respond with new and innovative products.”

Regional Buying Manager for Asda NI, Brian Conway, added: “With over 120 award wins and 23 products already listed on our shelves, Mash Direct’s popularity with our customers is evident.

“By answering consumer demand for easy-to-prepare dishes which are free from artificial colourings, flavourings and preservatives, Mash Direct side dishes offer convenience and value for money – as well as a tasty addition to any dinner table. The new Caribbean sweet potato dish is sure to be an instant hit!”

The new Mash Direct lines are available in selected Asda stores now.

Source: ASDA

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Albertsons distributes 1.7 cents cash per Contingent Value Right related to Property Development Centers sale of the assets

Holders to receive 1.7 cents cash per PDC Contingent Value Right

Boise, ID, 2017-May-10 — /EPR Retail News/ — Albertsons Companies announced today (May 8, 2017 ) that it is distributing 1.7 cents cash per Contingent Value Right (a total of approximately $4 million) related to the sale of the assets of Safeway’s property development subsidiary, Property Development Centers (PDC). The Contingent Value Rights, or CVRs, were issued on January 30, 2015 to former holders of common stock of Safeway Inc. in connection with the merger of Safeway into a wholly owned subsidiary of Albertsons. The PDC CVRs represent the right to receive certain net proceeds from the sale of PDC.

The shareholder representative is seeking to collect additional net proceeds of approximately 0.03 cents per CVR with respect to PDC; however, the timing and amount, if any, of any future distribution is uncertain and it is possible that no further distribution will be made with respect to the PDC CVR.

Holders of CVRs should consult their tax advisors as to the tax treatment of the PDC CVRs and any distributions thereon. For tax reporting purposes, Safeway reported that the fair market value of the PDC CVR at the time of the merger was $0.0488 per share, based on a third-party valuation. This amount was reflected on Forms 1099-B issued by the paying agent with respect to the merger consideration.

Today’s announcement has no effect on the CVRs issued in connection with the merger with respect to the sale of Safeway’s interest in Mexico-based food and general merchandise retailer Casa Ley.

Albertsons will provide more information on the PDC CVR and the Casa Ley CVR when it has more clarity on the amount and timing of distributions with respect to the CVRs.

Albertsons is deeply saddened to announce that T. Gary Rogers, former Non-Executive Chairman of the Board of Directors of Safeway Inc. passed away on May 2, 2017. Since the completion of the merger, Mr. Rogers served as member of the shareholder representative with respect to the CVRs. The shareholder representative has appointed Thomas Herman to replace Mr. Rogers in that position.

About Albertsons Companies

Albertsons Companies is one of the largest food and drug retailers in the United States, with both a strong local presence and national scale. We operate stores across 35 states and the District of Columbia under 19 wellknown banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen and Carrs. Albertsons Companies is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2016 alone, along with the Albertsons Companies Foundation, the company gave nearly $300 million in food and financial support. These efforts helped millions of people in the areas of hunger relief, education, cancer research and treatment, programs for people with disabilities and veterans outreach.

Contact:

Christine Wilcox
christine.wilcox@albertsons.com
208-395-4163

Source: Albertsons Companies

Chipotle announces its first-ever Trifesta VIP Sweepstakes

From May 8 – May 22, Fans Can Text to Win a Festival Package to Experience Lollapalooza, Life is Beautiful Festival and Austin City Limits Music Festival

DENVER, 2017-May-10 — /EPR Retail News/ — Chipotle Mexican Grill (NYSE:CMG) is helping its fans get into summer festival mode with its first-ever Trifesta VIP Sweepstakes. The sweepstakes gives fans a chance to win the ultimate festival experience package: VIP passes for one winner and a guest to attend three of the nation’s top music festivals: Lollapalooza, Life is Beautiful Festival and AustinCity Limits Music Festival.

Starting May 8 and running through May 22, fans can text “MUSICPASS” to 888222 for a chance to win the prize package. In addition to receiving two VIP tickets to each festival – Lollapalooza (August 3 – 6 in Chicago), Life is Beautiful Festival (September 22 – 24 in Las Vegas), and Austin City Limits Music Festival (October 6 – 15 in Austin, Tex.) – the winner and one guest will also receive airfare, lodging, free Chipotle food while at the festivals and free IZZE® Sparkling Juice.

“Chipotle is a longtime supporter of music and the arts, which we brought to life through events like our Cultivate Festivals and the Cultivating Thought program,” said Chris Arnold, communications director at Chipotle. “This is a fun way to continue bringing our fans into the experience and provide one lucky fan a truly memorable summer filled with great food and music.”

In addition to the sweepstakes, Chipotle will be at each of the festivals, serving delicious burritos to the masses. Fans can see all rules and conditions at chipotle.com/trifesta-rules. No purchase is necessary to enter.

ABOUT CHIPOTLE

Steve Ells, Founder, Chairman and CEO, started Chipotle with the idea that food served fast did not have to be a typical fast food experience. Today, Chipotle continues to offer a focused menu of burritos, tacos, burrito bowls, and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in an interactive style allowing people to get exactly what they want. Chipotle seeks out extraordinary ingredients that are not only fresh, but that are raised responsibly, with respect for the animals, land, and people who produce them. Chipotle prepares its food using only real, whole ingredients, and is the only national restaurant brand that uses absolutely no added colors, flavors or other industrial additives typically found in fast food.Chipotle opened with a single restaurant in Denver in 1993 and now operates more than 2,300 restaurants. For more information, visit Chipotle.com.

Contact:
Chris Arnold
303-222-5912
carnold@chipotle.com

Source: Chipotle Mexican Grill