Cash&Carry Smart Foodservice to open a new store in Coeur d’Alene, ID on June 17, 2017

PORTLAND, Ore., 2017-May-15 — /EPR Retail News/ — Cash&Carry Smart Foodservice, a warehouse-format store that has catered to the foodservice industry for more than 60 years, will open a new store in Coeur d’Alene, ID on June 17, 2017.  Located at 208 E. Appleway Avenue, the Coeur d’Alene store will be Cash&Carry’s fourth in Idaho, third in the local region, joining two Spokane, WA stores, and 61st in the Western U.S.

Offering a wide range of products designed to meet the needs of local foodservice businesses, the new location will provide a one-stop shopping location for product and supply necessities.

The 20,000 square-foot store, like all Cash&Carry locations, will carry more than 8,000 products including fresh produce, fresh meat, cheese, dairy and deli products, frozen foods, grocery products, baking ingredients, beverages, bread and tortillas, janitorial supplies, catering supplies, tableware and barware. Though Cash&Carry stores cater primarily to the foodservice industry, they offer an easy, affordable option for non-profit organizations, schools, church groups, caterers and other individuals looking to purchase larger product quantities at lower prices.

“Our stores provide foodservice operators the right products at the right price,” says John Mathews, Vice President of Sales and Marketing for Cash&Carry.  “We offer an assortment that includes major national brands as well as high-quality private label products. We buy in volume at the best possible prices, and we pass those savings along to our customers. We are excited about opening our new store in Coeur d’Alene to serve new and existing customers in the region.”

About Cash&Carry Smart Foodservice
Cash&Carry Smart Foodservice is a warehouse-format store catering to the foodservice industry based in Portland, Oregon. For over 60 years the Company has offered a wide range of larger quantity products in a convenient one-stop shop. As of May 1, 2017, the Company operated 60 warehouse stores in Oregon, Washington, Idaho, Nevada, California and Utah. Cash&Carry Smart Foodservice is the foodservice division of Smart & Final Stores, LLC (NYSE:SFS), headquartered in Commerce (near Los Angeles), California. For more information on the company, visit the Cash&Carry Smart Foodservice website at www.smartfoodservice.com

For information, contact:
Cash&Carry Smart Foodservice
smartfoodservice@smartfoodservice.com

SOURCE: Cash&Carry Smart Foodservice

CVS Health president and ceo Larry Merlo to present at the UBS Global Healthcare Conference on May 24, 2017

WOONSOCKET, R.I., 2017-May-15 — /EPR Retail News/ — CVS Health Corporation (NYSE: CVS) today (May 12, 2017 )announced that Larry Merlo, the company’s president and chief executive officer, will be speaking to investors at the UBS Global Healthcare Conference on May 24, 2017, at approximately 10:00 a.m. ET.

An audio webcast of the event will be broadcast simultaneously on the Investor Relations portion of the CVS Health website for all interested parties, and will be archived and available for a one-year period. To access the webcast or an archive of the event, visit http://investors.cvshealth.com.

About CVS Health

CVS Health is a pharmacy innovation company helping people on their path to better health. Through its nearly 9,700 retail locations, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with nearly 90 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan, the company enables people, businesses and communities to manage health in more affordable and effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

Investor Contact:

Nancy Christal
Senior Vice President
Investor Relations
(914) 722-4704

Media Contact:

Carolyn Castel
Vice President
Corporate Communications
(401) 770-5717

Source: CVS Health

Asda extends its craft beer offering with over 100 new craft beers to become available nationwide

Asda extends its craft beer offering with over 100 new craft beers to become available nationwide

Over 100 new craft beers to become available nationwide, making the popular thirst quenchers more accessible to those not yet on the craft beer bandwagon

LEEDS, England, 2017-May-14 — /EPR Retail News/ — Asda has today announced it is massively extending its craft beer offering, reducing duplication of its existing beers and lagers range and adding over 100 new craft beers to its offering, including several exclusive products.

The introduction of the new lines to Asda stores will meet a growing customer demand for craft beer. Up to 10% of Asda’s beer space will be dedicated to craft beer, helping introduce more regional beers to areas outside of their locale and raising their profile with previously untapped audiences.

The new range will offer quality products at market leading value – and offer customers an opportunity to learn more about the craft beer movement through on-shelf, helping break down the barriers currently faced by craft beer and make the category accessible.

As well as championing craft beer to new markets, Asda has also ensured its range is well-received by craft connoisseurs, appointing an Ale and Craft Beer Buyer to focus on this ever-growing category.

Hywel Evans, Asda Ale & Craft Beer Buyer, comments: “With the craft beer movement gaining speed, we hope these changes will help Asda become a real destination for craft beer drinkers – both those familiar with the products and those just entering the category. Recent Mintel research shows that over 40 per cent of consumers want to try craft beer over any other variety, so we want to build the most credible range out of the major retailers through adding over 100 new lines including regional beers.”

New beers added to the range include Cutloose Pilsner, which was named one of the best 16 beers in the world; Schrodinger’s Cat, a hop-forward bitter from Hull-based Atom Brewery; BAD Co’s Pale Aura, a dry-hopped, fruity session pale ale, and a selection of American beers, including Stone IPA from the West and Harpoon IPA from the East Coast.

Asda has also undertaken one of the largest reviews of its wine to- date, reducing range duplication by 25%, whilst adding more premium wines as part of its existing Extra Special range. The range, which was last reviewed in 2015, now comprises around 600 wines in total. The supermarket is also revamping its range of spirits, introducing a selection of craft gins, rye whiskies, vermouths and tequilas.

Asda’s new range of craft beers will be available from May 24.

SOURCE: ASDA

Eden Mill, Pickerings, Porter’s and Ginerosity Distillery launch five new products at Asda

Eden Mill, Pickerings, Porter’s and Ginerosity Distillery launch five new products at Asda

New deal adds to “gin-renaissance” as industry continues to experience exponential market growth

LEEDS, England, 2017-May-14 — /EPR Retail News/ — As the market for high-quality spirits bursting with taste and provenance continues to grow, Eden Mill, Pickerings, Porter’s and Ginerosity Distillery have launched five new products between them at supermarket chain Asda in contracts totalling £800k.

Eden Mill has secured a deal with Asda to launch its new Original and Love Gin products, both of which exhibit unique flavours. The Original Gin consists of Sea Buckthorn Berries – a super food that grows locally, whilst the Love Gin is created with botanicals sourced from all around the world.

Meanwhile, the additional favoured distillers will launch their newest products including Pickerings 70cl bottle and Ginerosity’s 50cl bottle – the world’s first social enterprise gin distilled by Pickerings with the money raised going towards supporting disadvantaged young adults in Scotland.

Aberdeen’s local distillery, Porter’s, will also see its 70cl bottle hit the shelves with all of the new products available in 13 stores across the country from early May.

Gin aficionados can also now purchase the original Edinburgh Gin as well as Rhubarb and Ginger liqueur at 390 stores across the UK after securing a national listing with Asda.

Following an extremely successful year for spirit sales in 2016, Heather Turnbull, Regional Buyer for Asda Scotland, said: “With gin continuing to perform well in Scotland and sales expected to increase by 50% by the end of 2017, it’s clear that consumers’ taste palates are continuing to crave these original flavours.”

“By launching equally sophisticated spirits such as Eden Mill, Pickerings, Porter’s and Ginerosity in Asda stores across Scotland, it will now mean that more consumers than ever before can enjoy a truly Scottish drinking experience.”

Daniel Sherry, Head of Business Development at Eden Mill, added: “The gin and spirits industry has seen significant growth which we have experienced for ourselves at Eden Mill. We have been crafting the gin renaissance from our distillery in Scotland since 2012, aiding people’s modern-day discovery of gin.

“Whether new to gin or a connoisseur, this deal is testament to the fact that people are enjoying spirits like gin in new ways and a great example of Asda’s commitment to supporting Scottish suppliers.”

The five newest products to be introduced to stores across Scotland came through Asda’s partnership with the Craft Beer Clan.

Chris Miller, Director at the Craft Beer Clan of Scotland, said: “The Craft Beer Clan works hard to promote Scottish spirits at home and abroad, and it’s fantastic we’ve been able to work with a major retailer such as Asda to drive these brands forward.

“The sprit sector, particularly gin, is renowned for its collaborations, so to be able to bring so many new brand listings to the supermarket stores across Scotland has been a great opportunity as we continue to build on Scotland’s reputation as a world-class producer of drink.”

Retailing prices for the spirits will be as below:

§ Eden Mill Original 70cl (£30)

§ Eden Mill Love 50cl (£30)

§ Pickerings 70cl (£29)

§ Porter’s 70cl (£32)

§ Ginerosity 50cl (£25)

SOURCE: ASDA

Chipotle Mexican Grill appoints Scott Boatwright as chief restaurant officer

Boatwright brings nearly 20 years of restaurant operations experience to Chipotle executive team

DENVER, 2017-May-14 — /EPR Retail News/ — Chipotle Mexican Grill (NYSE: CMG) announced that it has hired Scott Boatwright as chief restaurant officer, a position where he will work with the company’s senior restaurant leadership team to oversee restaurant operations for Chipotle’s nearly 2,300 North American restaurants. Boatwright comes to Chipotle from Arby’s Restaurant Group, where he served as senior vice president of operations. He joins Chipotle effective May 30.

“Continuing to focus on providing the very best guest experience is one of our top priorities,” said Steve Ells, founder, chairman and CEO at Chipotle. “Scott’s proven accomplishments elevating the guest experience will help us accelerate the momentum we have seen so far in 2017.”

Boatwright began his career at Arby’s in 1997 and held a variety of leadership and executive positions during his tenure with the company. Most recently, as senior vice president for Arby’s, he was responsible for the success and performance of nearly 2,000 franchised and company-owned restaurants across 22 states. Specifically, he was responsible for operational standards, building and developing teams, delivering an excellent guest experience, and strategic planning to support the company’s overall annual operating plan.

“Chipotle is a remarkable brand and one that has redefined what a fast food experience can be,” said Boatwright. “The company has reshaped the category and paved the way for a new generation of restaurants. I’m thrilled to join Chipotle at a time when there is considerable opportunity ahead to impact food culture and improve the way people eat.”

In his new position at Chipotle, Boatwright will work closely with Chipotle restaurant support officers Gretchen Selfridge and Mike Duffy to oversee restaurant operations, including enhancing the guest experience, developing and leading field leadership teams, developing strong teams inside the restaurants, and enhancing operational efficiency.

Boatwright holds a Master’s Degree in Business Administration from the Robinson College of Business at Georgia State University.

With his new role at Chipotle, Boatwright will work from the company’s Denver headquarters and will report directly to Ells.

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.

SOURCE: Chipotle Mexican Grill

Contact

Chipotle Mexican Grill
Chris Arnold
303-222-5912
carnold@chipotle.com

RILA issues statement on Robert Lighthizer’s appointment as U.S. Trade Representative

Arlington , VA, 2017-May-14 — /EPR Retail News/ — Today (05.11.17), Retail Industry Leaders Association (RILA) Vice President of International Trade Hun Quach, issued the following statement regarding Robert Lighthizer’s appointment as U.S. Trade Representative:

“We commend Robert Lighthizer on his appointment to U.S. trade representative. RILA has long-championed retail’s critical role in international trade which creates millions of American jobs throughout the global value chain. We welcome the opportunity to work with USTR on sound trade policies that promote open, global markets that give consumers access to the goods and services they want and need.”

RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.

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SOUCE: RILA

Contact:

Christin Fernandez
Vice President, Communications
Phone: 703-600-2039
Email: christin.fernandez@rila.org

Stanley Black & Decker, Inc. priced its offering of 6,750,000 Equity Units

NEW BRITAIN, Conn., 2017-May-14 — /EPR Retail News/ — Stanley Black & Decker, Inc. (NYSE: SWK) (the “Company”) announced today (05.11.17) that it priced its offering of 6,750,000 Equity Units (the “Units”). The Company has granted to the underwriters an option to purchase up to an additional 750,000 Units to cover over-allotments. The offering is being made under the Company’s existing shelf registration statement previously filed with the Securities and Exchange Commission (the “SEC”) and is expected to close on May 17, 2017.

The Units will initially consist of an aggregate of 675,000 shares of 0% Series C Cumulative Perpetual Convertible Preferred Stock (the “Convertible Preferred Stock”), with an aggregate liquidation preference of $675 million, and contracts to purchase, for an aggregate of $675 million, shares of the Company’s common stock (the “Common Stock”). The Common Stock is expected to be delivered upon settlement of the purchase contracts in May 2020 (subject to early settlement in certain circumstances). Quarterly contract adjustment payments equivalent to 5.375% per year will be made on the stated amount of $100 per Unit, subject to the Company’s right to defer contract adjustment payments.

The Convertible Preferred Stock will have an initial conversion rate of 6.1627 shares of the Common Stock per share of the Convertible Preferred Stock, equivalent to an initial conversion price of approximately $162.27, subject to adjustment. The initial conversion price represents a premium of approximately 17.5% above the closing price of the Common Stock on May 11, 2017. The Convertible Preferred Stock will initially not bear any dividends and the liquidation preference of the Convertible Preferred Stock will not accrete. Each share of Convertible Preferred Stock may be converted only after being separated from the Units and, prior to May 2020, only upon the occurrence of certain fundamental change events. Upon any such conversion, the Company will pay or deliver, as the case may be, cash, shares of Common Stock or a combination of cash and shares of Common Stock, at the Company’s election. The Convertible Preferred Stock is expected to be remarketed in May 2020, unless the Company elects to remarket the Convertible Preferred Stock earlier, during a period beginning on and including February 12, 2020 and ending on and including April 28, 2020, at which time the conversion rate and/or the dividend rate may be increased and certain other terms of the Convertible Preferred Stock may change. The Company may pay contract adjustment payments on the Units and dividend payments on the Convertible Preferred Stock (if the dividend rate of the Convertible Preferred Stock is increased upon successful remarketing) in cash, shares of the Common Stock or a combination of cash and shares of the Common Stock, at the Company’s election, and may defer contract adjustment payments on the Units and dividend payments on the Convertible Preferred Stock (if the dividend rate of the Convertible Preferred Stock is increased upon successful remarketing). The Convertible Preferred Stock is perpetual, but the Company may redeem all or any portion of the outstanding Convertible Preferred Stock from and after June 2020, at a redemption price equal to 100% of the liquidation preference thereof, plus any accumulated and unpaid dividends (if the dividend rate of the Convertible Preferred Stock is increased upon successful remarketing).

The Company will receive gross proceeds of $675 million from the sale of the Units, before deducting the underwriters’ discounts and commissions and offering expenses (excluding any exercise of the over-allotment option).

The Company intends to use the net proceeds from the offering for general corporate purposes, including repayment of short term borrowings. The Company also intends to use a portion of the net proceeds of the offering to purchase options on the Common Stock from counterparties, which may include certain of the underwriters and their affiliates. These option transactions are generally expected to provide an economic offset to dilution upon settlement of the Convertible Preferred Stock if the transactions are exercised and the price per share of the Common Stock, as measured under the terms of the option transactions, is greater than the $162.2675 lower strike price of the options, which corresponds to the initial conversion price for the Convertible Preferred Stock, subject to a cap price of $179.5300 (in each case subject to adjustment), which is 30% above the closing price of the Common Stock on May 11, 2017.

Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC are acting as joint book-running managers of this offering.

This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering of the Equity Units will be made only by means of a prospectus and a related prospectus supplement.

The offering of these securities may be made only by means of a prospectus and a related prospectus supplement. Before you invest, you should read the prospectus, the related prospectus supplement and the other documents the Company has filed with the SEC for more complete information about the Company and the offering. Copies of the final prospectus supplement for the offering may be obtained by visiting EDGAR on the SEC’s website at http://www.sec.gov. Alternatively, copies may be obtained by contacting Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by calling toll-free at 1-800-831-9146; Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, by email at newyork.prospectus@credit-suisse.com or by calling 1-800-221-1037; Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com; and Wells Fargo Securities, LLC, Attn: Equity Syndicate Department, 375 Park Avenue, New York, NY 10152, at (800) 326-5897 or email a request to cmclientsupport@wellsfargo.com.

About Stanley Black & Decker

Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, electronic security solutions, healthcare solutions, engineered fastening systems, and more. Learn more at http://www.stanleyblackanddecker.com.

Statements in this press release that are not historical, including but not limited to those regarding the Company’s: (i) planned securities offering; (ii) anticipated use of the net proceeds; and (iii) expected results of the option transactions; are “forward looking statements” and subject to risk and uncertainty. No assurance can be given that the offering will be consummated on the terms described above or at all. Consummation of the offering and the terms thereof are subject to numerous conditions, many of which are beyond the control of the Company, including: the prevailing conditions in the public and private capital markets; interest rates; and economic, political and market factors affecting trading volumes, securities prices or demand for the Company’s stock.

Stanley Black & Decker, Inc.
Greg Waybright
Vice President, Investor Relations
860-827-3833
greg.waybright@sbdinc.com

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Stanley Black & Decker, Inc.’s business which are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the Company’s Annual Report on Form 10-K for the most recently ended fiscal year.

SOURCE: Stanley Black & Decker, Inc.

NACS announces new commitment with the Partnership for a Healthier America

WASHINGTON, 2017-May-14 — /EPR Retail News/ — Today (05.11.17) NACS, the association representing the nation’s 154,000-plus convenience stores, announced a new commitment with the Partnership for a Healthier America (PHA), becoming the first retail-association partner. Through its commitment, NACS will rely on PHA’s resources and expertise to help conveniences stores provide more visibility to healthier choices inside their stores.

Over the next three years, NACS will make available key resources to its members to help determine how they can carry additional healthier choices, as well as provide promotional materials related to Drink Up, PHA’s marketing campaign to encourage water consumption. NACS also will provide healthier catering options at its events, including the NACS Show, one of the 40 largest trade shows in the United States. Specifically, NACS will:

  1. Continue to encourage appropriate NACS members to engage with PHA.
  2. Disseminate a web-based nutrition resource that could help convenience stores identify products as being healthier options and assist them in defining their better-for-you sets.
  3. Continue to engage small-format stores, specifically corner stores, that are often the only food source for residents in highly rural or urban settings.
  4. Develop and disseminate Drink Up marketing materials that encourage convenience store customers to stay hydrated
  5. Emphasize wellness at the NACS office and at its industry-specific events.

“The commitment furthers the goals of NACS and our members to make a positive impact in the communities we serve, whether through charitable giving programs or helping to equip our members to truly make the healthy choice the convenient choice,” said NACS President & CEO Henry Armour.

At the PHA Summit in Washington, D.C., NACS was joined by Northeast convenience store chain Cumberland Farms (Westborough, MA) in announcing commitments at the annual event, joining eight other NACS retail member companies that are already committed to expanding healthier options in their stores.

“Convenience stores serve millions of Americans every day. As NACS and its members know, most of those purchasing decisions are made in seconds,” said Larry Soler, President and CEO of the Partnership for a Healthier America. “Our innovative partnership with NACS is key to ensuring that convenience store customers can be met in the store with healthier options.”

PHA is a nonpartisan, nonprofit led by some of the nation’s most respected health and childhood obesity advocates who are supported in their efforts by Honorary Chair Michelle Obama.

“As an industry, we are committed to making a difference in the lives of the 160 million customers we serve every day, and increasingly that involves providing additional healthier options in stores. We look forward to continuing to work with PHA to celebrate our members’ commitment to the communities that they serve,” said NACS Armour.

In addition to Cumberland Farms, eight NACS retailer members have joined PHA in previously announced commitments: Kwik Trip (La Crosse, WI), Sheetz (Altoona, PA), Loop Neighborhood (Fremont, CA), Twice Daily (Nashville, TN), U-Gas (Fenton, MO; now operated by Wallis Oil Company), enmarket (Savannah, GA), Ricker’s (Anderson, IN) and Aloha Petroleum (Honolulu, HI). Three NACS distributor members also have joined PHA: McLane Company, Core-Mark International and Esstar.

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NACS (nacsonline.com) advances the role of convenience stores as positive economic, social and philanthropic contributors to the communities they serve. The U.S. convenience store industry, with more than 154,000 stores nationwide selling fuel, food and merchandise, serves 160 million customers daily — half of the U.S. population — and has sales that are 10.8% of total U.S. retail and food service sales. NACS has 2,100 retailer and 1,750 supplier members from more than 50 countries.

SOURCE: NACS

For media interviews/comments contact Jeff Lenard.

Kimco Realty to release its 2Q 2017 earnings on Wednesday, July 26, 2017

NEW HYDE PARK, N.Y., 2017-May-14 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) will announce its second quarter 2017 earnings on Wednesday, July 26, 2017 after market closes. You are invited to listen to our quarterly earnings conference call, which will be broadcast live over the Internet on Thursday, July 27, 2017 at 10:00 AM EDT.

Event: Kimco Realty’s Second Quarter Financial Results

When: 10:00 AM EDT, July 27, 2017

Live Webcast: 2Q17 Kimco Realty Earnings Call under Kimco Investor Relations

Dial #: 1-888-317-6003 (Passcode: 1525994)

If you are unable to participate during the live webcast, audio replay from the conference call will be available on Kimco Realty’s website at investors.kimcorealty.com. A taped presentation of the call can also be accessed through Friday, October 27, 2017 by dialing 1-877-344-7529 (passcode: 10107008).

Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of March 31, 2017, the company owned interests in 517 U.S. shopping centers comprising 84 million square feet of leasable space across 34 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

SOURCE: Kimco Realty Corporation

Contact

Kimco Realty Corporation
David F. Bujnicki
1-866-831-4297
Senior Vice President
Investor Relations and Strategy
dbujnicki@kimcorealty.com