$350,000 funding for the inaugural class of LS&Co. Collaboratory fellowship program to accelerate innovation in sustainable apparel

Funding part of global fellowship program to accelerate innovation in sustainable apparel

SAN FRANCISCO, 2017-May-25 — /EPR Retail News/ — Levi Strauss & Co. (LS&Co.) today (May 24, 2017)  announced it is granting more than $350,000 to the inaugural class of LS&Co. Collaboratory fellows who are working to create a more sustainable apparel industry. The funding will go towards new approaches and innovations in the apparel supply chain. Projects include expanding a natural indigo dyeing facility, creating products that are less water-intensive and making wastewater treatment solutions more accessible to small artisan workshops.

The Collaboratory is an annual fellowship program for entrepreneurs and social entrepreneurs who see design and sustainability as inextricably linked and are working to create a more sustainable apparel industry. Each year the program tackles different social and environmental sustainability challenges facing the industry, with this year’s inaugural class focused on an area that is critically important to the future of the apparel industry and the planet: water.

Following the Collaboratory workshop weekend held at LS&Co.’s Eureka Innovation Lab, fellows submitted project proposals for reducing water usage or improving water quality with the opportunity to receive funding from LS&Co. to implement their solutions. The ideas selected represent some of the boldest, leading-edge ideas from leaders who represent the future of the apparel industry.

“Working with LS&Co. changed how we look at innovation by educating and challenging our team to think in a more holistic way about our impact,” said Kevin McCracken, co-founder of Social Imprints and a Collaboratory fellow. “With access to funding and mentorship from the most innovative team in the apparel industry, we have an opportunity to make a real difference in what we do and how we produce products.”

“To have the support of the entire team at an iconic brand and industry stalwart like LS&Co. makes me believe that we can truly make a difference in the apparel industry,” added Kavita Parmar, founder and creative director at the IOU Project and another Collaboratory fellow. “Water is the biggest challenge we face globally in the coming decades and our industry is one of the biggest users. To work together and take a shot at changing the course of our future is exciting and fills me with optimism.”

This year’s Collaboratory fellows had the unique opportunity to work through ideas and challenges with LS&Co. leaders and employee mentors along with sustainability and apparel industry experts as they developed concrete, tangible plans for reducing their organization’s water footprint.

“We were honored to bring together the next generation of global leaders to share ideas, aspirations and innovations for achieving a common goal of accelerating the sustainability of the apparel industry,” said Paul Dillinger, vice president and head of global product innovation, LS&Co. “We look forward to seeing the Collaboratory fellows’ water impact solutions come to life and inspire a future of empowered sustainable apparel makers.”

To learn more about all the fellows and see a full list of their projects, visit http://levistrausscollaboratory.com/.

About Levi Strauss & Co.

Levi Strauss & Co. is one of the world’s largest brand-name apparel companies and a global leader in jeanswear. The company designs and markets jeans, casual wear and related accessories for men, women and children under the Levi’s®, Dockers®, Signature by Levi Strauss & Co.™, and Denizen® brands. Its products are sold in more than 110 countries worldwide through a combination of chain retailers, department stores, online sites, and a global footprint of approximately 2,900 retail stores and shop-in-shops. Levi Strauss & Co.’s reported fiscal 2016 net revenues were $4.6 billion. For more information, go to http://levistrauss.com.

Contact:
Andrea Hicklin
Levi Strauss & Co.
(415) 501-7777
newsmediarequests@levi.com

Source: Levi Strauss & Co.

Dixons Carphone’s Seb James on 4Q 2016/17: continued to grow our business and maintained very high levels of customer satisfaction

London, 2017-May-25 — /EPR Retail News/ —

Another year of growth for Dixons Carphone

Trading update for the 16 weeks ended 29 April 2017

  • Group reported revenues up 9% for the full year (up 6% in Q4)
    • like-for-like revenues up 4% for the full year (up 2% in Q4)
    • growth across all regions
  • Group gross margins broadly stable across the year
  • Group Headline PBT guidance of £485m-£490m (previous guidance £475m-£495m)
FY revenues Reported revenues % change Local currency % change1 Like-for-like % change2
UK & Ireland 2% 2% 4%
Nordics 20% 5% 1%
Southern Europe 20% 4% 6%
Connected World Services 41% 37% n/a
Group 9% 3% 4%

Note:
In the UK & Ireland, like-for-like revenues in the full year improved by approximately 3% as a result of sales successfully transferred from closed stores and sales disruptions. This mainly benefited UK&I electricals, where like-for-like revenues grew 7%.

Q4 revenues Reported revenues % change Local currency % change1 Like-for- like % change2
UK & Ireland (1)% (1)% 2%
Nordics 20% 7% 2%
Southern Europe 16% 6% 5%
Connected World Services 12% 11% n/a
Group 6% 2% 2%

Note:
In the UK & Ireland, like-for-like revenues in Q4 improved by approximately 4% as a result of sales successfully transferred from closed stores. This mainly benefited UK&I electricals, where like-for-like revenues grew 7%.

Seb James, Group Chief Executive, said:

“I am pleased to be reporting on another good year at Dixons Carphone. Despite a lively political backdrop, we have been able to continue to grow our business and maintain very high levels of customer satisfaction across the Group. We have continued to evolve our approach to multi-channel and we have gained an even better understanding of how the online and offline worlds work together to help customers make great choices on these important and life-enhancing technologies.

Our full year like-for-like sales of 4% over the year is pleasing across the Group; in the last quarter, sales in the UK & Ireland were – especially in phone – impacted by the later launch of the iconic (and excellent) Samsung S8 and by a late Easter. Given our performance despite this headwind, our view is that the UK consumer continues to be active in the market, but we anticipate no let-up in their – very rational – view that price and service are critical factors in deciding where to shop.

Finally, I would like to thank our 42,000 colleagues in eleven countries around the world for their tireless work this year.  Electrical and phone retail can be a complex and lively business, but our colleagues have done a great job of making it look easy.”

UK & Ireland

The UK & Ireland has had a good year with full year like-for-like revenues up 4% driven by a strong electricals performance. This has more than offset a tough year in phone, hampered by product issues, a limited supply in the market and some shift to SIM only. Total revenues grew by 2%. Q4 like-for-like revenues grew 2%, within this electricals grew strongly, whilst phone was impacted by the deferred release of Samsung S8 which was pushed back five weeks. During the year we have all but completed the transformation of our stores to the 3-in-1 format. We have also acquired and integrated Simplifydigital and doubled our market share of the broadband switch market, launched a brand new Carphone Warehouse web platform, whilst continuing to be competitive on price and maintaining very high levels of customer satisfaction.

Nordics

The Nordics delivered full year like-for-like revenues up 1% against a relatively tough backdrop. We have been focussed on managing both sales and margins whilst remaining price competitive and maintaining high levels of customer satisfaction. Q4 like-for-like revenues grew 2% against a tough comparative. The new warehouse at Jönköping is now fully operational and we have completed the integration of the Fona business in Denmark.

Southern Europe

Southern Europe has had another very good year, delivering full year like-for-like revenues up 6%. With Greece a particularly strong performer, the business continues to gain market share and improve its service and delivery propositions and in Spain the SmartHouse initiative is providing good momentum against a tough overall market backdrop.

Investor and analyst webcast

There will be a conference call for investors and analysts at 8:00 am BST (9:00 am CET) this morning.
Dial-in details – UK/International: +44(0) 20 3059 8125; passcode to be quoted to operator: 5598
Seven-day replay – UK/International: +44(0) 121 260 4861; passcode: 6038556#

Next announcement

The Group will publish its full year results on Wednesday 28 June 2017.

Information on Dixons Carphone plc is available at www.dixonscarphone.com
Follow us on Twitter: @dixonscarphone and @DCSebJ

About Dixons Carphone

Dixons Carphone plc is Europe’s leading specialist electrical and telecommunications retailer and services company, employing over 42,000 people in eleven countries.

Focused on helping customers navigate the connected world, Dixons Carphone offers a comprehensive range of electrical and mobile products, connectivity and expert after-sales services from the Geek Squad and Knowhow.

Dixons Carphone’s primary brands include Carphone Warehouse, CurrysPCWorld and Simplifydigital in the UK & Ireland, Elkjøp, Elkjøp Phonehouse, Elgiganten, Elgiganten Phone House, Gigantti and Lefdal in the Nordic countries, Kotsovolos in Greece, Dixons Travel in a number of UK & Ireland airports and Phone House in Spain. Our key service brands include Knowhow in the UK, Ireland and the Nordics, and Geek Squad in the UK, Ireland and Spain.

Business-to-business (B2B) services are provided through Connected World Services, CurrysPCWorld Business and Carphone Warehouse Business. Connected World Services aims to leverage the Group’s existing expertise, operating processes and technology to provide a range of services to businesses.

Dixons Carphone was voted ‘Retailer of the Year’ at the Retail Week Awards 2016.

Certain statements made in this announcement are forward-looking. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from any expected future events or results referred to in these forward-looking statements. Unless otherwise required by applicable laws, regulations or accounting standards, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Information contained on the Dixons Carphone plc website or the Twitter feed does not form part of this announcement and should not be relied on as such.

For further information:

Kate Ferry
IR, PR & Corporate Affairs Director
+44 (0)7748 933 206

Mark Reynolds
Head of Investor Relations
+44 (0)7979 696 498

Hannah Collyer
Head of Media Relations
+44 (0)7834 256 775

Nick Cosgrove, Helen Smith
Brunswick Group
+44 (0)207 404 5959

Source: Dixons Carphone

The Container Store Group Q4 FY 2016: strong fourth quarter performance that exceeded our expectations

  • Fourth Quarter Earnings Per Share More Than Doubles to $0.17; SG&A Savings and Efficiency Program Continues to Drive Financial Results
  • Improvement in Comparable Store Sales to -0.2%
  • Expects Fiscal 2017 Earnings Per Share of $0.25 to $0.35

COPPELL, Texas, 2017-May-25 — /EPR Retail News/ — The Container Store Group, Inc. (NYSE:TCS) (the “Company”), today (05/23/2017) announced financial results for the fourth quarter and fiscal year 2016 ended April 1, 2017. In light of the Company’s previously announced fiscal year end change, all references to prior fourth quarter and fiscal year results are based on the recast fourth quarter and fiscal year 2015 ended April 2, 2016.

For the fourth quarter of fiscal 2016:

  • Consolidated net sales were $221.0 million, up 5.3%. Net sales in The Container Store retail business were $203.3 million, up 5.8%. Elfa International AB third-party net sales were $17.8 million, up 0.5%.
  • Comparable store sales were down 0.2%. The Easter timing shift benefited the quarter’s comparable store sales by approximately 0.6%.
  • Consolidated net income per share (EPS) was $0.17 compared with $0.07, an increase of 143%.

“We are very pleased to have completed fiscal 2016 with strong fourth quarter performance that exceeded our expectations across all financial metrics. Our Custom Closets business continues to positively contribute to comparable store sales and we’ve seen sales trends improve in our other product categories driven by new and more targeted marketing campaigns, as well as merchandising improvements,” said Melissa Reiff, Chief Executive Officer.

Reiff continued, “In fiscal 2016 we implemented our SG&A savings and efficiency program, which drove a substantial improvement in profitability with a full year operating income increase of 67% compared to fiscal 2015 and a three-fold increase in earnings per share to $0.31.”

“As we begin fiscal 2017, we remain committed to consistently driving top and bottom line performance that we believe The Container Store is capable of delivering. We have initiatives in progress to drive sales productivity improvements, including a complete re-design of our flagship store in Dallas, which we believe will provide us insight for the development of new store formats and the evolution of our existing stores’ layout and customer experience. In addition, today we are announcing a four-part plan to optimize our consolidated business and drive improved sales and profitability,” Reiff concluded.

As previously announced, the Company plans to open the following locations in fiscal 2017:

  • Cleveland, Ohio (First Quarter)
  • Albuquerque, New Mexico (Second Quarter)
  • Livingston, New Jersey (Third Quarter)
  • Staten Island, New York (Third Quarter)
  • Relocation of its Chestnut Hill, Massachusetts store (Third Quarter)

Fourth Quarter and Full Fiscal Year 2016 Results

For the fourth quarter (thirteen weeks) ended April 1, 2017:

  • Consolidated net sales were $221.0 million, up 5.3% as compared to the fourth quarter ended April 2, 2016. Net sales in The Container Store retail business (“TCS”) were $203.3 million, up 5.8% as compared to the fourth quarter ended April 2, 2016, primarily due to new store sales, partially offset by a 0.2% decrease in comparable store sales. Elfa International AB (“Elfa”) third party net sales were $17.8 million, up 0.5% compared to the fourth quarter ended April 2, 2016, primarily due to improved sales in the Nordic markets during the quarter, almost completely offset by the impact of foreign currency translation during the quarter, which reduced third party net sales by 5.2%.
  • Consolidated gross margin was 57.6%, a decline of 20 basis points compared to the fourth quarter ended April 2, 2016. TCS gross margin declined 80 basis points to 56.0%, primarily due to an increased mix of lower-margin product and service sales and, to a lesser extent, increased sales associated with promotional activities during the fourth quarter of fiscal 2016. Elfa gross margin increased 360 basis points to 42.8% primarily due to improved production efficiencies during the quarter. On a consolidated basis, gross margin declined 20 basis points, as the improvement in Elfa gross margin was more than offset by the decline in TCS gross margin.
  • Consolidated selling, general and administrative expenses (“SG&A”) decreased by 0.5% to $99.9 million from $100.4 million in the fourth quarter ended April 2, 2016. SG&A as a percentage of net sales decreased 260 basis points, primarily due to decreased costs as a result of the Company’s SG&A savings program, as well as lower healthcare costs.
  • Pre-opening costs decreased to $0.3 million in the fourth quarter of fiscal 2016 compared to $2.0 million in the fourth quarter ended April 2, 2016. The Company did not open any new stores in the fourth quarter of fiscal 2016 as compared to two new stores in the fourth quarter ended April 2, 2016.
  • Consolidated net interest expense increased slightly to $4.3 million.
  • The consolidated effective tax rate for the fourth quarter of fiscal 2016 was 35.2%, as compared to 36.2% in the fourth quarter ended April 2, 2016. The decrease in the effective tax rate is primarily due to changes in the mix of domestic and foreign earnings.
  • Consolidated net income was $8.4 million, or $0.17 per share, in the fourth quarter of fiscal 2016 compared to net income of $3.4 million, or $0.07 per share, in the fourth quarter ended April 2, 2016.
  • Consolidated Adjusted EBITDA was $26.9 million compared to $20.6 million in the fourth quarter ended April 2, 2016, (see GAAP/Non-GAAP reconciliation table).

For the year (fifty-two weeks) ended April 1, 2017:

  • Consolidated net sales were $819.9 million, up 2.9% as compared to the recast fiscal year ended April 2, 2016. Net sales at TCS were $752.7 million, up 3.4% as compared to the recast fiscal year ended April 2, 2016, primarily due to new store sales, partially offset by a 2.4% decrease in comparable store sales. Elfa third-party net sales were $67.3 million, down 3.1% compared to the recast fiscal year ended April 2, 2016, primarily due to the impact of foreign currency translation during the fiscal year, which reduced third party net sales by 2.4%, as well as lower sales in Russia.
  • Consolidated gross margin was 58.1%, a decline of 20 basis points compared to the recast fiscal year ended April 2, 2016. TCS gross margin declined 60 basis points to 57.1%, as an increased mix of lower margin products and services combined with increased sales associated with promotional activities was partially offset by the impact of a stronger U.S. dollar. Elfa gross margin improved 120 basis points primarily due to improved production efficiencies. On a consolidated basis, gross margin declined 20 basis points, as the improvement in Elfa gross margin was more than offset by the decline in TCS gross margin.
  • Consolidated selling, general and administrative expenses (“SG&A”) decreased by 1.7% to $387.9 million from $394.6 million in the recast fiscal year ended April 2, 2016. SG&A as a percentage of net sales decreased 220 basis points. This was primarily due to decreased costs as a result of the Company’s SG&A savings program, as well as the reversal of accrued deferred compensation of $3.9 million, which occurred in the first quarter of fiscal 2016. The Company also experienced lower healthcare costs and a positive impact from foreign currency exchange rates during fiscal 2016. The positive impact of these items was partially offset by deleveraging of occupancy costs associated with negative comparable store sales growth.
  • Pre-opening costs decreased to $6.9 million in fiscal 2016 compared to $9.0 million in the recast fiscal year ended April 2, 2016. The Company opened seven new stores in fiscal 2016 as compared to ten new stores (inclusive of one relocation) in the recast fiscal year ended April 2, 2016.
  • Consolidated net interest expense decreased slightly to $16.7 million.
  • The consolidated effective tax rate was 38.6%, as compared to 37.4% in the recast fiscal year ended April 2, 2016. The increase in the effective tax rate is primarily due to changes in the mix of domestic and foreign earnings, combined with the expensing of certain deferred tax assets due to the expiration of certain stock based compensation awards.
  • Consolidated net income was $15.0 million, or $0.31 per share, compared to net income of $4.9 million, or $0.10per share, in the recast fiscal year ended April 2, 2016. Net income of $15.0 million in fiscal 2016 includes a benefit from the impact of amended and restated employment agreements entered into with key executives, net of costs incurred related to management transition and income taxes, of approximately $1.8 million, or $0.04 per share.
  • Consolidated Adjusted EBITDA was $86.6 million compared to $68.4 million in the recast fiscal year ended April 2, 2016, (see GAAP/Non-GAAP reconciliation table). The Adjusted EBITDA of $86.6 million in fiscal 2016 includes a benefit from the impact of amended and restated employment agreements entered into with key executives during the first quarter of 2016, net of costs incurred to execute the agreements, of $3.9 million.

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

Source: The Container Store Group, Inc.

Food Marketing Institute (FMI): no room for border adjustments in tax reform

ARLINGTON, VA, 2017-May-25 — /EPR Retail News/ — Food Marketing Institute (FMI) submitted a statement for the record to the U.S. House of Representatives Committee on Ways and Means hearing on Increasing U.S. Competitiveness and Preventing American Jobs from Moving Overseas: How Border Adjustment and Other Policies Will Boost Jobs, Investment, and Growth in the U.S. The nation’s food wholesale and retail industry employs more than 4.8 million people nationally, and helps support nearly 3 million additional jobs in supplier industries.

The economy has an enormous amount to gain from Congress’ efforts to reform the tax code in a way that lowers effective rates for all industries and creates a level playing field that does not advantage one business sector over another. FMI is confident that these efforts will not only create a more profitable industry, but will have enormous positive impacts on job creation and consumer spending.

Although the industry is generally supportive of efforts to move to a territorial system, there is no room for border adjustments in tax reform and the approach should not be considered. The type of border adjustment being discussed would inevitably lead to higher consumer prices. In an industry that operates on such a narrow profit margin anyway, grocers do not have the ability to absorb cost increases.

Border adjustment is, even under a best case scenario, a gamble. The wager, unfortunately, is a bigger tax bill for many food retailers and/or higher prices for consumers. There is no reason to make this bet; tax reform can and should proceed without a border adjustment.

Food Marketing Institute proudly advocates on behalf of the food retail industry. FMI’s U.S. members operate nearly 40,000 retail food stores and 25,000 pharmacies, representing a combined annual sales volume of almost $770 billion. Through programs in public affairs, food safety, research, education and industry relations, FMI offers resources and provides valuable benefits to more than 1,225 food retail and wholesale member companies in the United States and around the world. FMI membership covers the spectrum of diverse venues where food is sold, including single owner grocery stores, large multi-store supermarket chains and mixed retail stores. For more information, visit www.fmi.org and for information regarding the FMI foundation, visit www.fmifoundation.org.

Contact:
phone: 202-452-8444
fax: 202-429-4519

Source: Food Marketing Institute

FMI CEO Sarasin on President Trump’s budget proposal to reduce expenditures on the Supplemental Nutrition Assistance Program

ARLINGTON, VA, 2017-May-25 — /EPR Retail News/ — Food Marketing Institute (FMI) President and CEO Leslie G. Sarasin issued the following statement regarding the summary of President Trump’s budget proposal that estimates $2 billion in revenue to reduce expenditures on the Supplemental Nutrition Assistance Program (SNAP) would be generated for the first time, by imposing fees on retailers serving as the delivery mechanism for these benefits.

“Yesterday we saw the first summary of the President’s budget proposal.  As the President’s proposal, it is meant to message priorities the Administration views as important, such as additional spending on defense.  The Congress will work through its budget process and will include additional priorities to serve as the basis for an agreed upon framework. As this process goes forward we look forward to working with the Administration, the Budget Committee and the House and Senate Agriculture Committees to address concerns to the food retail industry, including the flawed policy of imposing fees on food retailers in order to reduce the cost of the federal government’s nutrition assistance benefits to the most needy in our society.”

Food Marketing Institute proudly advocates on behalf of the food retail industry. FMI’s U.S. members operate nearly 40,000 retail food stores and 25,000 pharmacies, representing a combined annual sales volume of almost $770 billion. Through programs in public affairs, food safety, research, education and industry relations, FMI offers resources and provides valuable benefits to more than 1,225 food retail and wholesale member companies in the United States and around the world. FMI membership covers the spectrum of diverse venues where food is sold, including single owner grocery stores, large multi-store supermarket chains and mixed retail stores. For more information, visit www.fmi.org and for information regarding the FMI foundation, visit www.fmifoundation.org.

Contact:
phone: 202-452-8444
fax: 202-429-4519

Source: Food Marketing Institute

eBay Motors hits the road with TV host Rutledge Wood to overhaul a 1967 Ford Mustang Fastback

eBay Motors hits the road with TV host Rutledge Wood to overhaul a 1967 Ford Mustang Fastback

 

‘On the Road with eBay Motors’ five-city tour gets creative with parts to build a unique custom car.

San Jose, California, 2017-May-25 — /EPR Retail News/ — This summer, eBay Motors hits the road with TV host and racing analyst Rutledge Wood, traveling the country to overhaul a 1967 Ford Mustang Fastback with fellow automotive artist K.C. Mathieu and gearhead Mike Finnegan, as seen on YouTube in Roadkill and Finnegan’s Garage. eBay Motors will supply the car and all the parts needed for this journey, handpicked from its wide selection of parts & accessories (P&A).

As the average age of a car on the road today climbs to 12 years1, eBay continues to see the demand for car P&A grow for both auto enthusiasts and everyday drivers.

“I love creating cars with character, and eBay is a one-stop shop for everything I need,” said Rutledge Wood. “As an avid eBay shopper, I love that I’m able to easily get the coolest new parts, rare accessories and unique vehicles, and I look forward to hitting the road with eBay Motors and sharing my tips on using parts to restore a classic car.”

During the “On the Road with eBay Motors” tour, Rut and his team will be at four pop-up garages across the U.S. with the final unveiling of the Ford Mustang Fastback in Las Vegas at the 2017 annual SEMA Show. Fans can also join the journey and follow the Mustang’s progress virtually on the eBay Motors blog, which includes behind-the-scenes footage, Facebook Live check-ins, and real-time updates from Wood on social media.

“’On the Road with eBay Motors’ was inspired by our passionate eBay Motors community, using our new shopping experience to easily source and buy unique parts to fix, upgrade or creatively modify a vehicle,” said Suzy Deering, Chief Marketing Officer of eBay North America. “With three auto parts and accessories sold every second, eBay has the parts to outfit every ride – whether for a novice who’s never changed a spark plug or an expert building a dream machine.”

The restoration plan for the 1967 Mustang Fastback is to build a resto-mod, combining the heritage and history of a muscle car with the automotive advancements of today. Along the journey, the car will get a big brake kit, modern suspension, amplified exhaust and of course, a dynamic engine.

In addition to seeing the Mustang transformation live, an ‘eBay Motors Garage’ exhibit will bring the marketplace to life at each pit stop with car part displays, as well as an opportunity to shop on-site using the latest eBay Motors browsing tools and filters. Further, in partnership with Ford Restoration Parts, a Ford Program that comprises of over 75 licensee partners who manufacture and distribute vintage Ford auto parts, eBay’s Mustang Fastback will be featured within Ford exhibits at Woodward Dream Cruise (in Mustang Alley) and SEMA.

The tour will visit the following city stops throughout the summer, and reveal the final car at SEMA:

  • Carlisle Ford Nationals in Carlisle, PA – June 2-4
  • 20th Goodguys PPG Nationals in Columbus, OH – July 7-9
  • Woodward Dream Cruise in Detroit, MI – August 18-19
  • Goodguys West Coast Nationals in Pleasanton, CA – August 25-27
  • SEMA in Las Vegas, NV – October 31- November 3

eBay continues to innovate the automotive shopping journey for everyday drivers and car lovers alike. The newly redesigned eBay Motors homepage combines personalized shopping and expert guidance with a seamless search and browsing experience, offering a massive selection of cars, trucks and auto parts. As the marketplace for all things automotive, this month the brand introduces tire installation services in Germany, with arrival to the U.S. later this summer, providing a convenient end-to-end shopping experience. From general maintenance and small upgrades to a full restoration of a beloved classic car, eBay Motors offers buyers great deals, fast delivery and any part one will ever need.

Learn more about “On the Road with eBay Motors” Mustang restoration at www.ebay.com/motors/blog. See the infographic below for more:

About eBay Motors

eBay Motors (www.ebay.com/motors), a part of eBay (Nasdaq:EBAY), one of the world’s largest marketplaces for buying and selling all things automotive. The site offers everyday cars for everyday drivers, as well as collector cars, motorcycles, auto parts and accessories.

1Data sourced from IHS Markit with additional consumer data found in eBay Motors ‘America’s Aging Car Force’ survey, conducted in February 2016, with responses from more than 1,000 U.S. vehicle owners.

Contacts:
Kari Ramirez
press@ebay.com

Source:  eBay

###

DAVIDsTEA to release 1Q FY 2017 financial results on Wednesday, June 7, 2017

MONTREAL, 2017-May-25 — /EPR Retail News/ — DAVIDsTEA Inc. (Nasdaq:DTEA) today (May 24, 2017) announced that its financial results for the first quarter fiscal 2017 will be released after market close on Wednesday, June 7, 2017.  The Company will host a conference call at 4:30 p.m. Eastern Time that day to discuss the financial results.

The conference call will be broadcast on the Company’s website at http://www.davidstea.com, in the “investor relations” section.  An online archive of the webcast will be available within two hours of the conclusion of the call and will remain available for 30 days.

About DAVIDsTEA Inc.

DAVIDsTEA is a retailer of specialty tea, offering a differentiated selection of proprietary loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, accessories and food and beverages, primarily through 231 company-operated DAVIDsTEA stores throughout Canada and the United States as of January 28, 2017, and its website, davidstea.com. The Company is headquartered in Montréal, Canada.

Investor Contact:
ICR, Inc.
Rachel Schacter
203-682-8200
investors@davidstea.com

Source: DAVIDsTEA Inc./globenewswire

J.Crew Group announces strategic changes across its organization

NEW YORK, 2017-May-25 — /EPR Retail News/ — J.Crew Group, Inc. (the “Company”) today announced several strategic changes across its organization to better position the Company for sustainable and profitable growth.

“Today’s retail environment is changing more rapidly than ever before. Customers demand greater speed to market, convenience and personalized shopping experiences” said J.Crew Chairman and CEO Millard Drexler.  “At J.Crew, we are embracing this change and making necessary adjustments to our business and teams to move us forward in a more efficient and dynamic way.”

As a part of the strategic reorganization:

  • Michael J. Nicholson, President, Chief Operating Officer and Chief Financial Officer of J.Crew Group, Inc. will additionally assume responsibility for the J.Crew Brand which includes the planning and allocation, merchandising, marketing and design functions.  Mr. Nicholson joined J.Crew in 2016 and has been instrumental in directing and driving J.Crew’s strategic evolution.  Mr. Nicholson has extensive experience across all aspects of retail and will continue to optimize operational excellence while leveraging the power of the iconic J.Crew brand.  He will continue to report to Millard Drexler, Chairman and CEO.
  • Lisa Greenwald has been named Chief Merchandising Officer of the J.Crew Brand.  In her new role, Ms. Greenwald will oversee merchandising across J.Crew women’s, men’s, and crewcuts.  Ms. Greenwald joined J.Crew in 2004 and has held various positions of increasing responsibility in both the J.Crew and Madewell merchandising organizations.  Most recently, Ms. Greenwald served as  Senior Vice President of Merchandising for Madewell where she leveraged her proven merchandising skills to build and grow the business.  Ms. Greenwald will now report to Mr. Nicholson.
  • J.Crew also recently announced that Somsack Sikhounmuong was named Chief Design Officer, effective April 5, 2017.  In this role, he oversees the women’s, men’s and crewcuts’ design teams. Mr. Sikhounmuong has been with J.Crew since 2001, serving in various senior design roles, and from 2013-2015 he was Head of Design for Madewell where he was a key contributor to the brand’s success.  Mr. Sikhounmuong will now report to Mr. Nicholson.
  • Libby Wadle has been named President of the Madewell Brand.  Most recently, Ms. Wadle served as President of the J.Crew Brand and joined the Company in 2004. Throughout her tenure, Ms. Wadle has held senior management roles across multiple functions of the business, including J.Crew Factory and Madewell. Ms. Wadle will continue to report to Millard Drexler, Chairman and CEO and is well positioned to lead the Madewell team into its next phase of growth.

“We have an incredibly talented team of passionate leaders and will further leverage their strengths and talents as we continue to focus on making critical improvements in our business,” said Drexler.

Additional organizational changes are also being made across the Company reflecting J.Crew’s commitment to long-term profitable growth while, at the same time, creating a more efficient, nimble and streamlined team structure. As part of the reorganization, J.Crew announced today that the Company will initiate a headcount reduction comprised of approximately 150 full-time and 100 open positions, primarily from its corporate headquarters. The Company expects to realize approximately $30 million of annualized pre-tax savings in connection with this reduction in force and will record a charge of approximately $10 million in the first quarter of fiscal 2017 for severance payments and other termination costs.

Drexler concluded, “We take these difficult decisions very seriously, but believe they are absolutely necessary.  We are streamlining our teams  as we evolve our business and processes to cater to the new demands of the retail industry.  While challenging, we know what needs to be done and this is a critical step to position J.Crew for the future.  We are committed to treating impacted associates with respect and support through this period of change.”

About J.Crew Group, Inc.
J.Crew Group, Inc. is an internationally recognized omni-channel retailer of women’s, men’s and children’s apparel, shoes and accessories. As of April 25, 2017 the Company operates 278 J.Crew retail stores, 115 Madewell stores, jcrew.com, jcrewfactory.com, the J.Crew catalog, madewell.com, the Madewell catalog, and 179 factory stores (including 39 J.Crew Mercantile stores). Certain product, press release and SEC filing information concerning the Company are available at the Company’s website www.jcrew.com.

Forward-Looking Statements:
Certain statements herein, including the expected benefits from organizational changes and the reduction in force, are “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the Company’s current expectations or beliefs concerning future events, and actual results of operations may differ materially from historical results or current expectations. Any such forward-looking statements are subject to various risks and uncertainties, including the Company’s substantial indebtedness and the indebtedness of its indirect parent, the retirement, repurchase or exchange of its indebtedness or the indebtedness of its indirect parent, its substantial lease obligations, its ability to anticipate and timely respond to changes in trends and consumer preferences, the strength of the global economy, declines in consumer spending or changes in seasonal consumer spending patterns, competitive market conditions, its ability to attract and retain key personnel,  its ability to successfully develop, launch and grow its newer concepts and execute on strategic initiatives, product offerings, sales channels and businesses, its ability to implement its growth strategy, material disruption to its information systems, its ability to implement its real estate strategy, adverse or unseasonable weather, interruptions in its foreign sourcing operations, and other factors which are set forth in the section entitled “Risk Factors” and elsewhere in the Company’s Annual Report on Form 10-K and in all filings with the SEC made subsequent to the filing of the Form 10-K. Because of the factors described above and the inherent uncertainty of predicting future events, the Company cautions you against relying on forward-looking statements. The Company does not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:
+1 434 385 5775

SOURCE: J. Crew Group, Inc.

Tiffany 1Q 2017 results: Net earnings of $93 million compared with $87 million a year ago

NEW YORK, 2017-May-25 — /EPR Retail News/ — Tiffany & Co. (NYSE:TIF) today (May 24, 2017) reported its financial results for the three months (“first quarter”) ended April 30, 2017. An increase in net earnings per diluted share primarily reflected a higher operating margin. Management is maintaining its earnings guidance for the year.

In the first quarter:

  • Worldwide net sales rose 1% to $900 million due to growth in Asia-Pacific and an increase in the wholesale sale of diamonds, and comparable store sales were 3% below the prior year. On a constant-exchange-rate basis that excludes the effect of translating foreign-currency-denominated sales into U.S. dollars (see “Non-GAAP Measures”), worldwide net sales increased 2% due to factors noted above, as well as sales growth in Europe, and comparable store sales declined 2%. Higher fashion and designer jewelry sales contrasted with softness in other categories.
  • Net earnings of $93 million, or $0.74 per diluted share, compared with $87 million, or $0.69 per diluted share, a year ago.

Michael J. Kowalski, Chairman of the Board and Interim Chief Executive Officer, said, “While these results modestly exceeded our near-term expectations, we are focused on executing long-term strategies to achieve stronger and sustainable performance through product introductions, optimization of our store base, effective marketing communications and the delivery of experiences that resonate with our customers. In so doing, we believe TIFFANY & CO. is well-positioned to generate an attractive total shareholder return over the long-term.”

Net sales by region in the first quarter were as follows:

  • In the Americas, total sales of $392 million were 3% lower than the prior year and comparable store sales declined 4%. There was no impact from currency translation on reported sales. Sales results were geographically mixed across the region, and management attributed the overall sales declines to lower spending by both foreign tourists and local customers.
  • In the Asia-Pacific region, total sales of $257 million were 8% above the prior year, while comparable store sales declined 3%. Management attributed total sales growth to increased wholesale sales and the effect of stores opened in the past year, while comparable store sales were affected by strong growth in mainland China and varying degrees of softness in other markets. On a constant-exchange-rate basis, total sales rose 9% and comparable store sales declined 2%.
  • In Japan, total sales of $128 million were 2% below the prior year, and comparable store sales declined 1%. Management attributed the sales declines to lower spending by Chinese tourists. On a constant-exchange-rate basis, total and comparable store sales declined 3% and 1%, respectively.
  • In Europe, total sales declined 3% to $94 million and comparable store sales also declined 3%. On a constant-exchange-rate basis, total sales and comparable store sales rose 4% and 3%, respectively. Performance was generally soft in continental Europe, while management attributed sales growth in the United Kingdom on a constant-exchange-rate basis to spending by local customers and foreign tourists.
  • Other sales in total rose 32% to $28 million due to an increase in wholesale sales of diamonds.
  • Tiffany did not open any Company-operated stores in the first quarter and closed three. At April 30, 2017, the Company operated 310 stores (124 in the Americas, 84 in Asia-Pacific, 54 in Japan, 43 in Europe, and five in the UAE), versus 308 stores a year ago (124 in the Americas, 81 in Asia-Pacific, 55 in Japan, 43 in Europe, and five in the UAE).

Other highlights:

  • Gross margin (gross profit as a percentage of net sales) increased to 62.0% in the first quarter, from 61.2% a year ago, primarily reflecting favorable product input costs and a shift in sales mix toward higher margin fashion jewelry products, partly offset by increased wholesale sales of diamonds.
  • SG&A expenses were virtually unchanged from the prior year despite higher severance costs. SG&A expenses as a percentage of net sales was 45.8%, versus 46.1% a year ago.
  • Earnings from operations as a percentage of net sales was 16.2% in the first quarter, compared with 15.1% a year ago.
  • The effective tax rate was 31.7% in the first quarter, reflecting a benefit of $0.02 per diluted share from the implementation of a new accounting standard related to the treatment of excess tax benefits from the vesting or exercise of share-based compensation. The prior year rate of 29.0% included a benefit of $0.05 per diluted share related to the conclusion of a tax examination.
  • Net inventories at April 30, 2017 were 5% lower than a year ago.
  • The Company repurchased approximately 123,000 shares of its Common Stock in the first quarter at an average price of approximately $93 per share and a total cost of $11.5 million. At April 30, 2017, $299 million remained available for repurchases under a program that authorizes the repurchase of up to $500 million of the Company’s Common Stock and that expires on January 31, 2019.
  • The Company finished the quarter with cash and cash equivalents and short-term investments totaling $960 million at April 30, 2017, up from $790 million a year ago. Total debt (short-term and long-term) as a percentage of stockholders’ equity was 35% at April 30, 2017, versus 37% a year ago.

Fiscal 2017 Outlook:

Management’s outlook for the fiscal year ending January 31, 2018 (“fiscal 2017”) calls for: (i) worldwide net sales increasing over the prior year by a low-single-digit percentage as reported and on a constant-exchange-rate basis and (ii) net earnings per diluted share increasing by a high-single-digit percentage over 2016’s earnings per diluted share of $3.55 and by a mid-single-digit-percentage over 2016’s earnings per diluted share (excluding charges) of $3.75(see “Non-GAAP Measures”). These expectations are approximations and are based on the Company’s plans and assumptions, including: (i) worldwide gross retail square footage increasing 2%, net through 10 store openings, seven relocations and seven closings; (ii) operating margin above the prior year entirely due to an expected increase in gross margin, with SG&A expenses increasing slightly faster than sales growth; (iii) interest and other expenses, net of approximately $40 million; (iv) an effective income tax rate consistent with the prior year; (v) the U.S. dollar in 2017 stronger overall than other foreign currencies on a year-over-year basis; and (vi) minimal benefit to net earnings per diluted share from share repurchases.

Management also expects for fiscal 2017: (i) net cash provided by operating activities of approximately $700 million and (ii) free cash flow (see “Non-GAAP Measures”) of approximately $450 million. These expectations are approximations and are based on the Company’s plans and assumptions, including: (i) net inventories unchanged from the prior year, (ii) capital expenditures of $250 million and (iii) net earnings in line with management’s expectations as described above.

Today’s Conference Call:

The Company will conduct a conference call today at 8:30 a.m. (Eastern Time) to review actual results and the outlook. Please click on http://investor.tiffany.com (“Events and Presentations”).

Next Scheduled Announcement:

The Company expects to report its financial results for the three and six months ending July 31, 2017 on Thursday August 24th before the market opens. To be notified of future announcements, please register at http://investor.tiffany.com (“E-Mail Alerts”).

Tiffany is the internationally-renowned jeweler founded in New York in 1837. Through its subsidiaries, Tiffany & Co. manufactures products and operates TIFFANY & CO. retail stores worldwide, and also engages in direct selling through Internet, catalog and business gift operations. Please visit www.tiffany.com for additional information.

Forward-Looking Statements:

The historical trends and results reported in this document and on our first quarter earnings call should not be considered an indication of future performance. Further, statements contained in this document and made on such call that are not statements of historical fact, including those that refer to plans, assumptions and expectations for the current fiscal year and future periods, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, the statements under “Fiscal 2017 Outlook” as well as statements that can be identified by the use of words such as ‘expects,’ ‘projects,’ ‘anticipates,’ ‘assumes,’ ‘forecasts,’ ‘plans,’ ‘believes,’ ‘intends,’ ‘estimates,’ ‘pursues,’ ‘continues,’ ‘outlook,’ ‘may,’ ‘will,’ ‘can,’ ‘should’ and variations of such words and similar expressions. Examples of forward-looking statements include, but are not limited to, statements we make regarding the Company’s plans, assumptions, expectations, beliefs and objectives with respect to store openings and closings; product introductions; sales; sales growth; sales trends; store traffic; the Company’s search for a successor chief executive officer; the Company’s strategy and initiatives and the pace of execution thereon; the Company’s objectives to compete in the global luxury market and to improve financial performance; retail prices; gross margin; operating margin; expenses; interest and other expenses, net; effective income tax rate; net earnings and net earnings per share; share count; inventories; capital expenditures; cash flow; liquidity; currency translation; macroeconomic conditions; growth opportunities; litigation outcomes and recovery related thereto; contributions to Company pension plans; and certain ongoing or planned real estate, product, marketing, retail, customer experience, manufacturing, supply chain, information systems development, upgrades and replacement, and other operational and strategic initiatives.

These forward-looking statements are based upon the current views and plans of management, speak only as of the date on which they are made and are subject to a number of risks and uncertainties, many of which are outside of our control. Actual results could therefore differ materially from the planned, assumed or expected results expressed in, or implied by, these forward-looking statements. While we cannot predict all of the factors that could form the basis of such differences, key factors include, but are not limited to: global macroeconomic and geopolitical developments; changes in interest and foreign currency rates; changes in taxation policies and regulations; shifting tourism trends; regional instability; violence (including terrorist activities); political activities or events; weather conditions that may affect local and tourist consumer spending; changes in consumer confidence, preferences and shopping patterns, as well as our ability to accurately predict and timely respond to such changes; shifts in the Company’s product and geographic sales mix; variations in the cost and availability of diamonds, gemstones and precious metals; adverse publicity regarding the Company and its products, the Company’s third-party vendors or the diamond or jewelry industry more generally; any non-compliance by third-party vendors and suppliers with the Company’s sourcing and quality standards, codes of conduct, or contractual requirements as well as applicable laws and regulations; changes in our competitive landscape; disruptions impacting the Company’s business and operations; failure to successfully implement or make changes to the Company’s information systems; gains or losses in the trading value of the Company’s stock, which may impact the amount of stock repurchased; our ability to successfully control costs and execute on, and achieve the expected benefits from, our operational and strategic initiatives, and any difficulties or delays we encounter in identifying a successor chief executive officer. Developments relating to these and other factors may also warrant changes to the Company’s operating and strategic plans, including with respect to store openings, closings and renovations, capital expenditures, information systems development, inventory management, and continuing execution on, or timing of, the aforementioned initiatives. Such changes could also cause actual results to differ materially from the expected results expressed in, or implied by, the forward-looking statements.

Additional information about potential risks and uncertainties that could affect the Company’s business and financial results is included under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2017 and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s most recent quarterly report on Form 10-Q. Readers of these documents should consider the risks, uncertainties and factors outlined above and in the Form 10-K in evaluating, and are cautioned not to place undue reliance on, the forward-looking statements contained herein. The Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law or regulation.

NON-GAAP MEASURES

The Company reports information in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). Internally, management also monitors and measures its performance using certain sales and earnings measures that include or exclude amounts, or are subject to adjustments that have the effect of including or excluding amounts, from the most directly comparable GAAP measure (“non-GAAP financial measures”). The Company presents such non-GAAP financial measures in reporting its financial results to provide investors with useful supplemental information that will allow them to evaluate the Company’s operating results using the same measures that management uses to monitor and measure its performance. The Company’s management does not, nor does it suggest that investors should, consider non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. These non-GAAP financial measures presented here may not be comparable to similarly-titled measures used by other companies.

Net Sales

The Company’s reported net sales reflect either a translation-related benefit from strengthening foreign currencies or a detriment from a strengthening U.S. dollar. Internally, management monitors and measures its sales performance on a non-GAAP basis that eliminates the positive or negative effects that result from translating sales made outside the U.S. into U.S. dollars (“constant-exchange-rate basis”). Sales on a constant-exchange-rate basis are calculated by taking the current year’s sales in local currencies and translating them into U.S. dollars using the prior year’s foreign exchange rates. Management believes this constant-exchange-rate basis provides a useful supplemental basis for the assessment of sales performance and of comparability between reporting periods. The following table reconciles the sales percentage increases (decreases) from the GAAP to the non-GAAP basis versus the previous year:

Contact:
Mark L. Aaron
212-230-5301
mark.aaron@tiffany.com

Source: Tiffany & Co.

Ediston: Cathedral Square, Guildford refurbishment work due to complete in October 2017

Edinburgh, Scotland, 2017-May-25 — /EPR Retail News/ — A contract with a value of £7.9m was placed by Ediston Opportunity Partnership II prop Co. II Sarl in January 2017 with Overbury PLC to refurbish Cathedral Square, Guildford.

Cathedral Square is a 120,000 sq. ft. Grade A office and the work will include a comprehensive refurbishment of all common areas, reception space, washrooms and office floors (Cat A). A new bespoke café facility is also being constructed as an extension to the existing reception atrium, and external works will include new hard and soft feature landscaping, planted areas and amenities.

Works are due to complete in October 2017

Contact:

0131 225 5599
email info@ediston.com

Source:  Ediston Real Estate

Ediston Real Estate announces second retail terrace at Gallagher Shopping Park, Port Glasgow

Edinburgh, Scotland, 2017-May-25 — /EPR Retail News/ — Works to construct the second retail terrace at Gallagher Shopping Park, Port Glasgow, achieved Practical Completion in May 2017. This brings a conclusion to construction works totalling in excess of £12m, split between two retail terraces and constructed by Heron Brothers Limited between September 2015 and May 2017.

Terrace A is already occupied by major retailers such as TK Maxx, Aldi, Watt Brothers Ltd and B&M Stores Limited.

Terrace B comprises three units, to be occupied by Marks and Spencer, NEXT and Boots. These retailers are now fitting out and the new stores will be open in Autumn 2017.

Contact:

0131 225 5599
email info@ediston.com

Source:  Ediston Real Estate

Leading Swiss bank PostFinance AG to install 820 Diebold Nixdorf ATMs and cash recycling systems

NORTH CANTON, Ohio and PADERBORN, Germany, 2017-May-25 — /EPR Retail News/ — PostFinance AG, a leading Swiss bank, is upgrading its self-service network with new technology, monitoring software and services from Diebold Nixdorf (NYSE: DBD). The new systems will be equipped with barcode and near field communication (NFC) readers that will enable contactless transactions using a smartphone instead of a bank card. Over the next few years, a total of 820 Diebold Nixdorf ATMs and cash recycling systems will be installed and supported by an 8-year service agreement.

With its fleet of ATMs (“Postomats”), PostFinance is pursuing a connected commerce strategy that bridges the physical and digital worlds of cash and consumer transactions via a wide array of advanced services such as the ability to purchase credit for iTunes, Paysafecard, Playstation, Xbox, Nintendo, Spotify and TWINT. But the bank’s self-service functionality will be expanded even further in the future with the new systems from Diebold Nixdorf. In addition to connecting ATMs and smartphones, PostFinance will install cash recycling systems so consumers can deposit cash and coins to further enhance the consumer experience at the self-service channel.

According to the ATM Future Trends Report recently published by ATM Marketplace, 36 percent of bank and industry experts sited mobile integration at the self-service channel as the highest priority among European banks. “With the introduction of a new generation of self-service systems from Diebold Nixdorf, we are creating conditions that enable our customers to withdraw cash conveniently at Postomats in the future, including contactless withdrawals or those made with smartphones,” said Peter Lacher, head of operations and member of the executive board of PostFinance.

Additionally, Diebold Nixdorf’s monitoring software will simplify service management and increase ATM network availability for PostFinance. The software analyzes a wide variety of status information collected from all the banks’ systems. If there is a potential service issue, the solution is able to decide whether a technician must be called out or whether the issue can be resolved remotely using online troubleshooting – an approach that reduces maintenance costs.

“As the industry leader in contactless transactions, our comprehensive solutions are enabling PostFinance to bridge the physical and digital worlds of cash and provide truly connected commerce to its consumers,” said Christian Weisser, senior vice president and managing director, Europe, Middle East and Africa, Diebold Nixdorf.

About PostFinance AG
With roughly 3 million customers and 119 billion Swiss francs in customer assets, PostFinance is one of Switzerland’s leading financial institutions. The market leader conducts more than a billion payment transactions each year, ensuring a seamless flow of cash each and every day. In fiscal 2016, 3,599 employees generated an EBT profit of 542 Swiss francs for the company.

Whether they are dealing with payments, savings, investments, retirement planning or financing, PostFinance treats its customers as equals, speaks their language and offers comprehensible products at fair conditions. More than 1.7 million customers conduct all kinds of money-related activities online. That makes PostFinance the ideal partner for anyone who wants an easy way to deal with money and wants to handle their finances on their own. At PostFinance, large customers receive tailored solutions for their entire value chain.

PostFinance AG is a subsidiary of Schweizerische Post AG that offers comprehensive financial services – at the post office counter, in their own branches, online and mobile.

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

Diebold Nixdorf has a presence in more than 130 countries with approximately 24,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Shares are traded on the New York and Frankfurt Stock Exchanges under the symbol ‘DBD’. Visit www.DieboldNixdorf.com for more information.

Media Relations:
Ulrich Nolte
+49-5251-6935211
ulrich.nolte@dieboldnixdorf.com

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

SOURCE: Diebold Nixdorf

International Trade Commission issued final ruling in favor of Diebold Nixdorf in its patent infringement case against Nautilus Hyosung

International Trade Commission prohibits import of Hyosung ATMs with infringing technology

NORTH CANTON, Ohio, 2017-May-25 — /EPR Retail News/ — Diebold Nixdorf, Incorporated (NYSE: DBD) today (May 23, 2017) announced that the International Trade Commission (ITC) has issued a final ruling in favor of Diebold Nixdorf in its patent infringement case against Korea-based Nautilus Hyosung. The ruling bars Hyosung from importing or installing a significant number of bank and retail grade automated teller machines (ATMs) in the United States because those products infringe Diebold’s patents.

The patents are just two examples of the leading edge technology that differentiates Diebold from its competitors in the marketplace. One patent relates to the innovative design which allows for a more compact footprint and ease of service of Diebold’s ATMs. The other patent relates to Diebold’s movable MICR-head, which reads checks processed through an ATM with a high degree of accuracy and security and represents a key component of deposit automation technology in the United States. After a full evidentiary hearing, the administrative law judge found that there is “strong circumstantial evidence that Hyosung had knowledge of Diebold’s patented technology, copied it, and encouraged its customers to use it in an infringing way.”

Several Nautilus Hyosung bank and retail grade ATMs are affected by this exclusion order, including the following: Halo II series; MX 5600 series; MX 5200 series; MX 7600 series; MX 7800 series; MX 8200 series; MX 8700 series and the MX 8800 series.

“This ruling confirms that Hyosung violated U.S. law by importing and selling products that infringe our patented technology,” said Jonathan Leiken, senior vice president, chief legal officer and corporate secretary for Diebold Nixdorf. “Hyosung is now barred from importing the infringing technology into the United States and their days of copying Diebold innovations are over.”

In addition, Diebold Nixdorf will continue to pursue its claim for damages against Hyosung before a jury in the U.S. District Court for the Northern District of Ohio, based on Hyosung’s infringement of Diebold’s U.S. technology.

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

Diebold Nixdorf has a presence in more than 130 countries with approximately 24,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Shares are traded on the New York and Frankfurt Stock Exchanges under the symbol ‘DBD’. Visit www.DieboldNixdorf.com for more information.

Media Relations:
Mike Jacobsen
APR
+1-330-490-3796
michael.jacobsen@dieboldnixdorf.com

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

SOURCE: Diebold Nixdorf

LCP appointed to manage Churnet Park in Leek, North Staffordshire

LCP appointed to manage Churnet Park in Leek, North Staffordshire

 

London, 2017-May-25 — /EPR Retail News/ — Leading property investment and management company LCP has increased its portfolio after being appointed to manage Churnet Park in Leek, North Staffordshire.

LCP, which is based in Kingswinford, West Midlands, will now manage the park on behalf of Sheet Anchor Investments, which acquired the estate for an undisclosed sum.

Churnet Park comprises three blocks of commercial space, with a total of 11 units across 60,742 sq ft. Three are currently vacant, which range in size from 397 sq ft to 9,000 sq ft.

James Buchanan, LCP investment director, said the modern commercial development was built in 2012 and is ideally located for the north west and Stoke-on-Trent, being on the outskirts of Leek town centre and directly off the A523 Macclesfield Road.

The proximity of a large Sainsbury’s store means the park would suit a mix of retail, trade, leisure and general business use.

“We’re very pleased to add yet another development to our portfolio. LCP is well known for its pro-active, intensive asset management of all its properties, and we’re looking forward to working with existing and future tenants to ensure its future success.”

Churnet Park, which is located on the former Churnet Works, is just half a mile from Leek town centre. Tenants include Magic Textiles, John Hall Furniture and Elite Gaming.

Contact:
Tel: 020 7233 5255

Source: LCP

###

Costa unveils its latest menu innovation — the Costa Cold Brew

  • Costa Cold Brew launched across selected stores as the nation’s favourite coffee shop launches a new coffee innovation
  • Premium Costa Cold Brew is crafted and then steeped over 20 hours in-store for a smooth, rich flavour experience

London, 2017-May-25 — /EPR Retail News/ — Introducing Costa Cold Brew; the latest menu innovation bolstering the coffee brand’s resolve to inspire the world to love great coffee. The smooth, refreshing drink is made from a carefully selected single-origin Colombian blend designed for a rich and balanced flavour profile. Brewed in-store for 20 hours to bring out the coffee’s natural sweetness, this delicious, hand-crafted coffee experience is sure to excite coffee lovers looking to try something new.

Costa Cold Brew is brewed in-store by baristas for 20 hours before being served over ice to deliver a refreshing taste, complemented by a smooth and light texture. The absence of heat during the alternative slow brewing process reduces the acidity sometimes found in coffee, ensuring a sweeter, more nuanced flavour profile which could include fruit, nuts or even chocolate.

A range of premium flavours are also available, each designed to enhance the taste profile of the slow brewed, single-origin blend – making it an exciting choice no matter the drinker’s coffee preference. The flavour options include vanilla or caramel and the drink is available in Pure Black or with milk (whole, skimmed and soya milk options are available).

The delicious new option is not only a new way to experience coffee that’s big on taste, but contains just two calories per serving*; the perfect summer refreshment.

Costa Cold Brew will roll out across 200 selected stores in London from May, as well as in several markets globally throughout the year, as Costa continues to spearhead coffee innovation across the world.

Kirstey Elston, Head of Marketing at Costa Coffee, commented: “As the nation’s love for coffee continues to grow, we are consistently looking to expand our offering by providing our customers with new and exciting innovations. Costa Cold Brew combines a carefully selected Colombian blend with expert craftsmanship in an alternative 20 hour brewing process for a deliciously smooth and refreshing coffee experience to tempt coffee-lovers everywhere.”

*Nutritional information based on Pure Black Cold Brew. Please see www.costa.co.uk for further information.

About Costa

Costa is the UK’s favourite coffee shop, having been awarded “Best Branded Coffee Shop Chain in the UK and Ireland” by Allegra Strategies for seven years running (2010, 2011, 2012, 2013, 2014, 2015 & 2016).

With 2,000 coffee shops in the UK and more than 1,180 in 30 overseas markets, Costa is the fastest growing coffee shop business in the UK. Founded in London by Italian brothers Sergio and Bruno Costa in 1971, Costa has become the UK’s favourite coffee shop chain and diversified into both the at-home and gourmet self-serve markets.

Costa is committed to looking after coffee-growers. That’s why we’ve established The Costa Foundation, a registered charity. The Costa Foundation’s aims are to relieve poverty, advance education and the health and environment of coffee-growing communities around the world. So far, The Costa Foundation has funded the building of 53 schools and improved the social and economic welfare of coffee-growing communities.

Costa is also committed to tackling the UK’s literacy challenge and is proud to have signed the Vision for Literacy Business Pledge 2016. In continuation of this commitment, and inspired by the Costa Book Awards and the ongoing work of the Costa Foundation, Costa launched its inaugural Reading Week in September 2016 in conjunction with over 500 schools across the UK.

www.costa.co.uk

Source: Costa

Al Meera opened the doors to its new Community Shopping Mall in Leaibab

Al Meera opened the doors to its new Community Shopping Mall in Leaibab

 

DOHA, Qatar, 2017-May-25 — /EPR Retail News/ — Bringing the current phase of its expansion plan to fruition, Al Meera Consumer Goods Company (Q.S.C) has opened the doors to its new Community Shopping Mall in Leaibab, which introduces Al Meera’s trademark modern interior designs, cutting-edge technologies and state-of-the-art facilities to the underserved area. The branch opening was inaugurated by Dr. Saif Al Sowaidi, Vice Chairman of the Board of Directors, Mr. Cobus Lombard, Al Meera’s Acting CEO, Sales and Operations Director and Mr. Mishaal Bin Abdullah Al Nuaimi, a member of the 18th District Central Municipal Council and Al Meera representatives.

The launch marks the inauguration of one of the largest Al Meera supermarkets in Qatar, and caters to the shopping needs of citizens and residents in Leaibab, while providing them with the chance to make use of the Company’s ‘1438 consumer goods at cost price’ special campaign during the Holy Month of Ramadan.

Al Meera’s Leaibab 2 branch is the last shopping center to launch in the Company’s five-store phase of its 14-branch expansion plan, and comes in the framework of Al Meera’s mission to provide the highest quality products at affordable prices to the communities in which it operates, as well as keep pace with the urban and real estate development of Qatar’s various regions.

The 5100 m2 Community Mall features a 2500 m2 supermarket space that has been built in accordance with international standards, and is equipped with advanced lighting systems, modern interiors, supporting facilities and a huge parking space, to ensure a distinctive shopping experience for its patrons. In addition to that, there are dedicated spaces for shops and restaurants that will be providing their services to shoppers in the near future.

Commenting on the launch of the new branch, Dr. Saif Al Sowaidi said:

“Wherever Al Meera marks its presence, it strives to make a real difference in the shopping experience of citizens and residents. This is why it is our profound pleasure to introduce consumers to the Leaibab 2 branch, one of the largest Al Meera supermarkets in Qatar and a state-of-the-art Community Mall that sets a new benchmark for retail shopping in the area. The opening of our new branch not only serves our ambitious expansion plan, but also reflects our commitment towards the community in which we operate. With a holistically integrated shopping journey and best-in-class services, the fully-equipped store meets consumers’ entire spectrum of needs under one roof, and marks a milestone in our expansion strategy that is set to drive Al Meera’s future growth and confirm its status as the leading retail chain in the country.”

He added: “This auspicious occasion comes in the lead up to the Holy Month, ensuring Al Meera delivered on their promise. Our new branch provides shoppers in the region with the opportunity to make full use of our line-up of Ramadan campaign and offers, reaffirming the Company’s commitment to offer consumers a vast range of competitively priced food and non-food products and an unmatched shopping experience that complements our community development efforts and ongoing initiatives that give back to the community in which we operate. Moreover, we believe that Community Shopping Centers represent an important element in the growth and development strategy of Al Meera, and our brand-new branch in Leaibab is a huge step forward in that direction.”

During the second quarter of 2016, initial works were taking place on six new shopping centers, across various regions in the country, covering Al Khor, Umm Qarn, Rawdat Aba El Heran, Al Sailiya, Leaibab 1 and Azghawa, which will see completion during 2017. Upon the accomplishment of finalizing their construction, Al Meera stores will be expected to reach 50 branches in Qatar by the end of 2017.

Al Meera’s 14-branch expansion plan comes as a result of strategic research and a firmly-set strategy to keep pace with Qatar’s urban planning, which has extended to new areas and others that have recently witnessed a population boom, thereby bringing Al Meera’s trademark shopping experience to more consumers across the country, while further fulfilling its motto of being everyone’s ‘Favorite Neighborhood Retailer’.

Contact:

Tel: 40119111 – 40119112
Fax: +974 40119186
Email: admin@almeera.com.qa

Source: Al Meera

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RioCan to sell 50% interest in Sunnybrook Plaza to Concert Real Estate Corporation

TORONTO, ONTARIO, 2017-May-25 — /EPR Retail News/ — RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) and Concert Real Estate Corporation (“Concert”) are pleased to announce the signing of a firm agreement on May 17, 2017, with RioCan selling a 50% interest in Sunnybrook Plaza at a sale price of $26.3 million ($52.5 million at 100%) to Concert. RioCan will continue to act as the interim property manager until redevelopment commences, and will act as the retail property manager on completion. Concert will act as both development manager and property manager for the residential portion of the property. The partners will share in the development costs on a 50/50 basis with the transaction set to close in June 2017.

RioCan has received approval for its development proposal at its Sunnybrook Plaza, a transit-oriented development located on the northeast corner of Bayview and Eglinton Avenue. The development will be adjacent to a station on the Eglinton Crosstown LRT project that is currently under construction by Metrolinx, in one of Toronto’s highest demand residential neighbourhoods. The 16 and 11-storey mixed use residential project is close to a total of 375,000 square feet which includes 43,000 square feet of retail space. Currently, RioCan and Concert are contemplating that the residential component will be developed as rental suites.

“Over the past 24 years we have amassed a strong portfolio of retail assets in Canada’s six major markets. Some of these properties now provide the opportunity to be redeveloped and intensified to make better use of the lands and improve the quality of our portfolio and the net asset value for our unitholders. During the planning stages of this process we are significantly enhancing the value of our properties, while continuing to generate revenue from these properties. When complete, we will have one of, if not, the best portfolio of newly developed urban transit-oriented mixed use properties that will be the foundation for the next twenty years of growth at RioCan,” said Mr. Sonshine Chief Executive Officer of RioCan. “Our agreement with Concert brings to the table a terrific partner with nearly thirty years of experience developing apartments, condominiums, and other commercial properties with an excellent property management platform that will ensure the success of this exciting mid-town Toronto development.”

“Established in 1989 with the mandate to provide assured rental housing in British Columbia, Concert has been developing purpose-built rental and delivering high-quality property management service to our tenants for over 27 years,” said Brian McCauley, Concert President and Chief Operating Officer. “Building on a solid track record of creating award-winning master-plan communities that leverage our experience, the Sunnybrook redevelopment represents an opportunity to integrate our multi-faceted expertise into an asset that will generate attractive, long-term returns for the pension funds who own Concert. We’re excited about the opportunity to develop this transit-oriented property in partnership with best-in-class retail landlord RioCan, the largest REIT in the country, and are well-aligned as long-term owners.”

Forward-Looking Information

This news release contains forward-looking statements within the meaning of applicable securities laws. These statements include, but are not limited to, statements made in this News Release related to the Trust’s development and intensification of Sunnybrook Plaza together with other statements concerning RioCan’s objectives, its strategies to achieve those objectives, as well as statements with respect to management’s beliefs, plans, estimates, and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “would”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plan”, “continue”, or similar expressions suggesting future outcomes or events. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. All forward-looking statements in this News Release are qualified by these cautionary statements.

Forward-looking information is not a guarantee of future events or performance and, by its nature, is based on RioCan’s current estimates and assumptions, which are subject to numerous risks and uncertainties, including those described under “Risks and Uncertainties” in RioCan’s Management’s Discussion and Analysis for the period ended March 31, 2017 (“MD&A”) and the Trust’s most recent Annual Report and Annual Information Form, which could cause actual events or results to differ materially from the forward-looking information contained in this News Release.

Management undertakes no obligation, except as required by applicable law, to publicly update or revise any forward- looking information, whether as a result of new information, future events or otherwise. Management undertakes no obligation, except as required by applicable law, to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

About RioCan

RioCan is Canada’s largest real estate investment trust with a total enterprise value of approximately $14.6 billion as at March 31, 2017. RioCan owns and manages Canada’s largest portfolio of shopping centres with ownership interests in a portfolio of 300 Canadian retail and mixed use properties, including 15 properties under development, containing an aggregate net leasable area of 46 million square feet. For the past 25 years, we have shaped the future, sensibly cultivated growth, and taken our stakeholders and partners wherever they needed to go. Currently, we have more than 6,200 tenants and 700 employees with a presence from coast to coast. We know that there is a home for every retailer. Whether we find it today or build it for tomorrow, we deliver real vision, solid ground. For more information, visit www.riocan.com.

About Concert

Founded in 1989, Concert specializes in developing rental apartments, condominium homes and retirement communities, acquiring and developing office, industrial and infrastructure properties and in property management. With operations across Canada and the backing of more than 200,000 Canadians represented by the union and management pension plans who own Concert, our commitment is to build strong, sustainable communities across Canada. For more information, visit www.ConcertProperties.com.

Contact Information:
RioCan Real Estate Investment Trust
Edward Sonshine, O. Ont., Q.C.
Chief Executive Officer
(416) 866-3018
www.riocan.com

Concert Real Estate Corporation
Brian McCauley
President and Chief Operating Officer
(604) 602-3730
BMcCauley@ConcertProperties.com
www.ConcertProperties.com

Source: RioCan

Armour Eckrich Meats recalls ready-to-eat sausage products that may be contaminated with extraneous materials

This recall does not impact retail consumers. The product was never sold in retail stores.

This is a voluntary recall of a limited quantity of Eckrich® Cheddar Smok-y smoked sausage products sold to our foodservice customers ONLY.

WASHINGTON, 2017-May-25 — /EPR Retail News/ — Armour Eckrich Meats, LLC, a Junction City, Kan. establishment, is recalling approximately 90,978 pounds of ready-to-eat sausage products that may be contaminated with extraneous materials, specifically pieces of metal, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today ( May 24, 2017).

The food service fully-cooked pork, turkey and beef breakfast sausage items were produced and packaged from April 26 through April 28, 2017. The following products are subject to recall:

  • 8,769 cases of 16.6 oz. vacuumed packages containing “ECKRICH SMOK-Y CHEDDAR BREAKFAST SAUSAGE, NATURALLY HARDWOOD SMOKED” on the label, case code/ UPC number “27815 17984,” and a Use By date of “08/17/17.”

The products subject to recall bear establishment number “EST. 3JC” inside the USDA mark of inspection. These items were shipped to distribution centers in Arkansas, Indiana, Kansas, Louisiana, Oklahoma and Texas.

The problem was discovered on May 15, 2017 when Armour Eckrich Meats, Inc. was notified by another FSIS-regulated establishment that pieces of metal were embedded in a fully cooked sausage product produced by Armour Eckrich Meats, Inc.

There have been no confirmed reports of adverse reactions due to consumption of these products. Anyone concerned about an injury or illness should contact a healthcare provider.

Consumers who have purchased these products are urged not to consume them. These products should be thrown away or returned to the place of purchase.

FSIS routinely conducts recall effectiveness checks to verify recalling firms notify their customers of the recall and that steps are taken to make certain that the product is no longer available to consumers.

Consumers with questions about the recall can call 888.295.8727. Media with questions about the recall can contact Kassi Belz, vice president of public relations for the Dalton Agency, at (904) 398-5222.

Consumers with food safety questions can “Ask Karen,” the FSIS virtual representative available 24 hours a day at AskKaren.gov or via smartphone at m.askkaren.gov. The toll-free USDA Meat and Poultry Hotline 1-888-MPHotline (1-888-674-6854) is available in English and Spanish and can be reached from 10 a.m. to 6 p.m. (Eastern Time) Monday through Friday. Recorded food safety messages are available 24 hours a day. The online Electronic Consumer Complaint Monitoring System can be accessed 24 hours a day at: http://www.fsis.usda.gov/reportproblem.

USDA Recall Classifications
Class I This is a health hazard situation where there is a reasonable probability that the use of the product will cause serious, adverse health consequences or death.
Class II This is a health hazard situation where there is a remote probability of adverse health consequences from the use of the product.
Class III This is a situation where the use of the product will not cause adverse health consequences.

Contact:

Congressional and Public Affairs
Autumn Canaday
(202) 720-9113
Press@fsis.usda.gov

Source: USDA

New partnership to expand SPAR Brand in Southeast China

SPAR China Partners show increased revenue, growth in store numbers and announce new partner

China, 2017-May-25 — /EPR Retail News/ — SPAR International (“SPAR”) and Yunnan Anning Jinfang Commercial Group (“Jinfang”) have announced a new partnership agreement authorising Jinfang to grow the SPAR Brand in Southeast China across Yunnan Province, Liu Pan Shui City, Bijie City, Buyi and Miao Autonomous Prefecture, and Anshun City in Guizhou Province.

Jinfang will invest in converting 32 stores to the SPAR brand in the coming months, bringing together the best of SPAR’s global retail expertise and Jinfang’s deep understanding of the local customer. The 2,550 employees currently working in the chain’s hypermarkets, supermarkets and convenience stores will benefit from access to the retail training academy of SPAR China.

The announcement marks an exceptional 12 months for SPAR in China. In 2016, sales grew by 6.7% to 14.5 Billion RMB, with SPAR China continuing its expansion in a maturing food retail sector. Store numbers increased by 14% to 395 and SPAR China added 43,918m² of selling area.

In December, Jiajiayue Group, which was SPAR’s first Chinese retail partner, launched an initial public offering (IPO) on the Shanghai Stock Exchange. The fund raised from the IPO will be used to strengthen and develop the business further investing in technology and the supply chain infrastructure.

Today, 14% of the total selling area of SPAR worldwide is in China and SPAR China has partners building the brand’s presence in Shandong, Guangdong, Shanxi & Inner Mongolia, Beijing, Sichuan, Henan, Zhangjiakou and now Yunnan.

SPAR International’s growth in China has been driven by investment in a multi-channel supply chain, the development of hypermarkets, the launch of world-class convenience stores in Tier 2 and 3 urban centres and a strategic emphasis on fresh food through initiatives like the development of a new, state of the art bakery production facility. Ongoing developments in retailing via online channels including the popular WeChat and Weibo platforms in addition to web sales.

SPAR is working closely with Jinfang on the first SPAR Supermarket design and an expert international logistics team from SPAR International and SPAR China are supporting Jinfang in the development of a modern warehouse.

Speaking on the official announcement of the new partnership Tobias Wasmuht, Managing Director of SPAR International said:  “Since entering into China in 2004, SPAR has worked closely with partners to accelerate the growth of their food retail business through our standardisation methods, latest store design, modern supply chain expertise and improved shopping experience.

“The strong growth figures demonstrate that the ‘Better Together’ strategy is delivering for our Partners. The partnership with Jinfang represents a further, exciting development in the growth of SPAR in China.”

Mr Wang Peihuan, Chairman of SPAR China said: “Our new partnership with Jinfang is consistent with SPAR China’s strategic focus on accelerating expansion and growing presence. Together we unite the best of SPAR’s global retail expertise and Jinfang’s extensive and longstanding understanding of the local customer to grow SPAR presence in Southeast of China.”

Mr. Li Jia, the Chairman of the board of Yunnan Jinfang Group said: “Jinfang has followed SPAR’s progress since SPAR entered into China in 2004, and has seen the great success achieved by SPAR China and its Partners. SPAR and Jinfang share key values in many areas. In order to serve customers in the Southeast of China better, we plan to bring high operation standards, efficient logistics and a modern supply chain to build diverse retail solutions.”

Contact:

SPAR International
Email: info@spar-international.com
Tel: +3120 626 6749

Source: Spar International

SpartanNash appoints Kathy Mahoney as President MDV military division

SpartanNash appoints Kathy Mahoney as President MDV military division

 

Senior executive expands her role with the nation’s fifth largest food distributor and leading distributor of grocery products to U.S. commissaries

Byron Center, MI,, 2017-May-25 — /EPR Retail News/ — SpartanNash (Nasdaq: SPTN) today (May 24th, 2017) announced Executive Vice President and Chief Legal Officer Kathy Mahoney has been named President of the company’s MDV military division based in Norfolk, Va., effective May 31, 2017. MDV is the leading distributor of grocery products to U.S. commissaries. Ms. Mahoney will continue her responsibilities as SpartanNash EVP and CLO.

Ms. Mahoney joined the company in 2004 and was a member of the Executive Steering Committee that oversaw the integration of Spartan Stores, Inc. and Nash Finch Company in 2013. Throughout her tenure with the Company, Ms. Mahoney has worked closely with the MDV leadership team to expand the military platform, resulting in the worldwide network the Company operates today with its strategic partner Coastal Pacific Food Distributors. She has also played a key role with MDV on numerous projects involving direct contact with leaders within the military resale system.

“Kathy is ideally suited for this expanded role,” said Dave Staples, SpartanNash President and CEO. “Her knowledge and experience will be a tremendous asset to the MDV team, and we are excited to be able to promote from within for this key leadership position.”

About SpartanNash

SpartanNash (Nasdaq: SPTN) is a Fortune 400 company whose core businesses include distributing grocery products to independent grocery retailers, national accounts, its corporate-owned retail stores and U.S. military commissaries. SpartanNash serves customer locations in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 153 supermarkets, primarily under the banners of Family Fare Supermarkets, Family Fresh Market, D&W Fresh Market and SunMart. Through its MDV military division, SpartanNash is the leading distributor of grocery products to U.S. military commissaries.

Contact:
Meredith Gremel
Vice President, Corporate Affairs & Communications
616-878-2830

Source: SpartanNash Company

###

SpartanNash 2017 annual shareholder meeting highlights

Byron Center, MI, 2017-May-25 — /EPR Retail News/ — SpartanNash Company (the “Company”) (Nasdaq: SPTN) today (May 24th, 2017) announced that shareholders approved all proposals and re-elected all director nominees at its 2017 annual shareholder meeting, held yesterday in Grand Rapids, Michigan.

Shareholders re-elected 11 directors to the Board of Directors for one-year terms expiring at the 2018 annual meeting. As previously announced, Dave Staples has assumed the role of President and Chief Executive Officer of SpartanNash, following the retirement of Dennis Eidson on May 23, 2017. Mr. Eidson will continue as Chairman of the Board of Directors.Shareholders approved the Company’s “say on pay” advisory vote, and voted on an advisory basis to hold future “say on pay” votes annually.

Shareholders also ratified the appointment of Deloitte & Touche LLP as the Company’s independent auditors for the current fiscal year.

About SpartanNash

SpartanNash (Nasdaq: SPTN) is a Fortune 400 company whose core businesses include distributing grocery products to independent grocery retailers, national accounts, its corporate owned retail stores and U.S. military commissaries. SpartanNash serves customer locations in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 153 supermarkets, primarily under the banners of Family Fare Supermarkets, VG’s Food and Pharmacy, D&W Fresh Market, Sun Mart, and Family Fresh Market. Through its MDV military division, SpartanNash is the leading distributor of grocery products to military commissaries in the United States.

Investor Contact:
Chris Meyers
Executive Vice President & CFO
(616) 878-8023

Media Contact:
Meredith Gremel
Vice President Corporate Affairs and Communications
(616) 878-2830

Source: SpartanNash Company

Smart & Final Stores announces participation in upcoming conferences

COMMERCE, Calif., 2017-May-25 — /EPR Retail News/ — Smart & Final Stores, Inc. (NYSE: SFS), the value-oriented food and everyday staples retailer, today (May 24, 2017) announced that Richard Phegley, Senior Vice President and Chief Financial Officer, will participate in the following upcoming conferences:

  • The RBC Capital Markets 2017 Consumer and Retail Conference taking place on May 31, 2017 in Boston, MA. The Company is scheduled to participate in a fireside chat at 2:40 pm ET.
  • The 17th Annual Oppenheimer Consumer Conference taking place on June 20, 2017 in Boston, MA. The Company is scheduled to participate in a fireside chat at 9:05 am ET.
  • The Jefferies 2017 Consumer Conference taking place on June 21, 2017 in Nantucket, MA. The Company is scheduled to present at 9:30 am ET.

The presentations will be webcast live over the Internet hosted on the Investor Information section of the Company’s website at https://www.smartandfinal.com/investors.aspx and will be archived and available for 30 days following each event.

About Smart & Final
Smart & Final Stores, Inc. (NYSE: SFS), is a value-oriented food and everyday staples retailer, headquartered in Commerce (near Los Angeles), California. The Company offers quality products in a variety of sizes, saving household, nonprofit and business customers time and money. As of March 26, 2017, the Company operated 308 grocery and foodservice stores under the “Smart & Final,” “Smart & Final Extra!” and “Cash & Carry Smart Foodservice” banners in California, Oregon, Washington, Arizona, Nevada, Idaho and Utah, with an additional 15 stores in Northwestern Mexico operated through a joint venture. In business for over 145 years, the Company remains committed to giving back to local communities through employee volunteer opportunities and Company donations to local nonprofits.

Contact:

E-Mail: press@smartandfinal.com

SOURCE: Smart & Final Stores, Inc.

Zalando to open its first Nordic fulfillment center in Sweden later this year

Zalando to open its first Nordic fulfillment center in Sweden later this year

 

BERLIN, Germany, 2017-May-25 — /EPR Retail News/ — Zalando, Europe’s leading online fashion platform, successfully completed its location search to open its first Nordic fulfillment center in Sweden later this year. Together with the developer NREP Logicenters, Zalando will build a fulfillment center in Brunna, situated in the county of Stockholm. To meet the demand of the Nordic customers, and to further penetrate the market, investing in convenience is crucial. The first parcels are set to leave the fulfillment center later this year.

“Zalando has a bold but feasible vision for the Nordic markets. We want to enhance our customer proposition and increase our revenues to 1 billion EUR in the upcoming years. In order to do so, we need to further invest in our platform strategy and expand our logistics network locally so we can get closer to our Nordic customers. I am happy to announce that operations in our first fulfillment center near Stockholm will start within the next months”, said Rubin Ritter, Co-CEO at Zalando.

The Stockholm fulfillment center will ensure that Zalando’s strong and growing customer base experiences a more convenient consumer journey and receives orders faster in all Nordic markets. First tests and operations will start this year, full operations will be up and running in 2018. The warehouse in the Stockholm area will decrease lead times significantly, securing possible next day deliveries in all Nordic capitals (Stockholm, Copenhagen, Helsinki, Oslo) and the potential for same day delivery in Stockholm. When the fulfillment center is ramped up to full speed, Zalando will be able to cut lead times in half across the Nordic region (to 1-2 days for Sweden and Denmark, and 1-3 days for Norway and Finland).

“The Nordic e-commerce market is mature and developing fast. Ensuring consumer satisfaction, shortening lead times and providing a fashionable assortment are essential elements moving forward. This is why we are investing in establishing a new 30,000 sqm fulfillment center near Stockholm and extending our selection of more than 100 Nordic brands, with the latest additions being Holzweiler, Hunkydory and House of Dagmar”, said Kenneth Melchior, Cluster Head Nordics at Zalando. “Having this setup in place, we are also thinking of future test pilots for innovative services such as return on demand.”

“We are very pleased that Zalando has chosen NREP Logicenters as their partner for their expansion in the Nordics. As a leading provider of modern logistics properties, we will be able to support Zalando’s future growth and are looking forward to a successful partnership, said Rickard S. Dahlberg, Partner and co-Founder at NREP.

The fulfillment center in Brunna was chosen mainly due to its strategic location and advanced infrastructure, which is ideal for catering to all Danish, Finnish, Norwegian and Swedish customers. It will be operated by an experienced logistics provider and create a few hundred jobs. Zalando started to internationalize its logistics network in December 2015 by opening the first fulfillment center outside Germany in the North of Italy. This was followed by a fulfillment centre near Stettin in Poland, which was inaugurated in November last year. In the beginning of 2017 another warehouse was opened close to Paris in France which will now be followed by the most recent addition in Sweden later this year.

ABOUT ZALANDO
Zalando (https://corporate.zalando.com) is Europe’s leading online fashion platform for women, men and children. We offer our customers a one-stop, convenient shopping experience with an extensive selection of fashion articles including shoes, apparel and accessories, with free delivery and returns. Our assortment of over 1,500 international brands ranges from popular global brands, fast fashion and local brands, and is complemented by our private label products. Our localized offering addresses the distinct preferences of our customers in each of the 15 European markets we serve: Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United Kingdom. Our logistics network with four centrally located fulfillment centers in Germany allows us to efficiently serve our customers throughout Europe, supported by a warehouse in Northern Italy with a focus on local customer needs. We believe that our integration of fashion, operations and online technology give us the capability to deliver a compelling value proposition to both our customers and fashion brand partners. Zalando’s shops attract over 160 million visits per month. In the first quarter of 2017, more than 68 percent of traffic came from mobile devices, resulting in 20.4 million active customers by the end of the quarter.

CONTACT:
Sigrid Dalberg-Krajewski
Corporate Communications Nordics
sigrid.dalberg-krajewski@zalando.se

Source: Zalando

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Walgreens announces Memorial Day 20% discount for veterans, active duty military and families on May 29, 2017

DEERFIELD, Ill, 2017-May-25 — /EPR Retail News/ — To honor the service and sacrifices of Americans who served in the armed forces, Walgreens is offering a Memorial Day 20-percent discount to all veterans, active duty military personnel and their immediate family members, including the families of those who lost their lives in service to their country.

“Every day we are honored to serve our veterans, military personnel and their families,” said Richard Ashworth, president, pharmacy and retail operations, Walgreens. “Memorial Day is an opportunity to pay tribute in this small way to their service, commitment and sacrifice, for which we at Walgreens are deeply grateful.”

On Monday, May 29, customers with a Walgreens Balance® Rewards card and valid military ID or proof of service will receive 20 percent off regular price eligible store items* at any Walgreens or Duane Reade drugstore nationwide. A Balance® Rewards customer loyalty program membership is free and can be obtained at checkout.

*Offer valid for veterans, active-duty military and their immediate family members on May 29, 2017, only with Balance®Rewards card and proof of service. In-store offer only valid in Walgreens or Duane Reade stores. Discount valid on regular-price items only. Offer is not combinable with Buy One Get One Free, Buy One Get One 50% Off or Buy 2 Get 3rd Free. Discount not valid on alcohol, dairy, tobacco, stamps, phone/prepaid/gift cards, money orders/transfers, transportation passes, lottery tickets, charitable donations, pseudoephedrine or ephedrine products, clinic services, health tests, prescriptions, pharmacy items or services, sales tax, the Prescription Savings Club membership fee, newspapers, magazines and items or services purchased by prescription and/or submitted to insurance for reimbursement or where otherwise limited by law.

About Walgreens

Walgreens (www.walgreens.com), one of the nation’s largest drugstore chains, is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the first global pharmacy-led, health and wellbeing enterprise. More than 10 million customers interact with Walgreens each day in communities across America, using the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services and advice. Walgreens operates 8,175 drugstores with a presence in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, along with its omnichannel business, Walgreens.com. Approximately 400 Walgreens stores offer Healthcare Clinic or other provider retail clinic services.

Contact(s):
Jim Graham
847-315-2925
http://news.walgreens.com
@WalgreensNews
facebook.com/Walgreens

Source: Walgreens

Kroger: Jay C and Ruler President Paul Bowen to retire

CINCINNATI, 2017-May-25 — /EPR Retail News/ — The Kroger Co. (NYSE: KR) announced today (May 23, 2017 ) the retirement of Jay C and Ruler division President Paul Bowen after 46 years of dedicated service, effective June 21. His successor will be named at a later date.

Mr. Bowen began his career with Jay C in 1971 as a produce department manager before taking a military leave of absence to serve in the U.S. Army from 1972 to 1976. He returned to Jay C in 1976 and advanced to hold a number of leadership positions.  In 1988, Mr. Bowen was promoted to director of training and development for the division. He was instrumental in leading Jay C’s merger with Kroger in 1999, spending two years as the transition project leader. In 2001, Mr. Bowen was named vice president of operations before being promoted to senior vice president in 2002. Mr. Bowen has held his current role since 2003, where he oversees 71 Jay C and Ruler stores operating in Illinois, Indiana, Kentucky, Missouri, Ohio and Tennessee.

“For more than four decades, Paul’s leadership, vision and passion has helped Jay C and Ruler create customer-first shopping environments that have shaped the way we do business across our business,” said Rodney McMullen, Kroger’s chairman and CEO. “I salute Paul for his years of service to our associates and customers as both a leader and veteran. The entire Kroger family wishes Paul and his family all the best in retirement.”

Mr. Bowen and his wife, Margaret, look forward to traveling to new places and spending time with their two grandchildren.

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, 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.

75% of Walgreens mental health platform visitors who complete screenings take active steps for follow-up

One year into initiative and collaboration with Mental Health America, data shows nearly 75 percent of Walgreens visitors who complete screenings take active steps for follow-up

DEERFIELD, Ill., 2017-May-25 — /EPR Retail News/ — One year after Walgreens launched its mental health initiative and collaboration with Mental Health America (MHA), data shows nearly 75 percent of visitors to the digital platform who have completed screenings are also taking active steps for follow-up. The Walgreens platform is also helping to reach a broader demographic of consumers interested in mental health resources.

Visitors to the Walgreens mental health answers site (www.walgreens.com/mentalhealth) can readily access a selection of free online screening tools offered through MHA’s website, including those for depression, anxiety, bipolar disorder, PTSD and others. An analysis of non-identifiable screening data from the campaign’s first year shows that of visitors who have completed an online screening offered through MHA, those originating from the Walgreens platform are:

  • More likely to want a referral to someone who can help (37 percent vs. 19 percent)
  • More likely to take an anxiety screening (26 percent vs. 11 percent) or PTSD screening (9 percent vs. 3 percent)
  • Walgreens site visitors are also older (47 percent over age 35 vs. 17 percent for MHA) and more likely to be caregivers (29 percent of Walgreens visitors vs. 9 percent for MHA)

“One of our primary objectives when first launching this program was to help meet the growing need for resources and access to care,” said Harry Leider, M.D., and chief medical officer for Walgreens. “We’re proud to know that the tools and services we’re offering, along with Mental Health America and its community based resources and screening program, are enabling more people to seek answers or help. We look forward to finding more ways to work together, and with other providers and partners to address the many challenges facing both patients and our mental health system today.”

Of the nearly 75 percent of Walgreens visitors who have taken active steps after completing MHA screenings, more than 30 percent say they found treatment, 1-in-4 (24 percent) discussed their results with family, friends or a healthcare professional, and approximately 20 percent have sought additional information.

“Mental Health America is pleased to be working with Walgreens on this important initiative,” said Paul Gionfriddo, president and CEO, Mental Health America. “Our online screening program is often a critical first step for people who have mental health concerns, and because of this collaboration, we’ve seen a more diversified group of visitors to our site, including older generations and caregivers, as well as people who have had a prior mental health diagnosis.”

MHA to add Walgreens Pharmacy Chat to website

Visitors to MHA’s website will soon have easy access to Walgreens pharmacists 24/7 for assistance with medication-related questions or concerns. Walgreens Pharmacy Chat, which offers online access to Walgreens pharmacy staff for secure, 1-on-1 chats, will be available via hyperlink on www.mentalhealthamerica.net this summer.

About Walgreens

Walgreens (www.walgreens.com), one of the nation’s largest drugstore chains, is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the first global pharmacy-led, health and wellbeing enterprise. More than 10 million customers interact with Walgreens each day in communities across America, using the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services and advice. Walgreens operates 8,175 drugstores with a presence in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, along with its omnichannel business, Walgreens.com. Approximately 400 Walgreens stores offer Healthcare Clinic or other provider retail clinic services.

Contact(s):

Jim Cohn
847-315-2950
jim.cohn@walgreens.com
http://news.walgreens.com
@WalgreensNews
facebook.com/Walgreens

Source: Walgreens

Teavana launches new line of summer cocktail-inspired iced teas

Teavana launches new line of summer cocktail-inspired iced teas

 

Seattle, 2017-May-25 — /EPR Retail News/ — When summer weekends beckon, there’s no better feeling that comes from the end of a hectic work week. With Memorial Day on the horizon, many of us start thinking about flip flops, sunshine and outdoor fun. Teavana is helping iced tea drinkers slip into the summer mood and kick start their weekends with the launch of a new line of summer cocktail-inspired iced teas, the return of customer-favorite Beach Bellini™ and the declaration of the first summer “Fri-YAY” on Friday, May 26th with a free, select iced tea.

During happy hour (3-7 p.m.) on May 26, customers can enjoy a free 24-fluid-ounce handcrafted featured iced tea at participating Teavana® stores in the U.S. and Canada. Customers can choose from three iced tea flavors, including Beach Bellini™, Strawberry Daquiri and Pina Colada. Use the code FriYAY or show this exclusive Summer Fri-YAY invitation in-store to redeem the free iced tea, while supplies last.

“This summer, we’re kick-starting weekends with Summer Fri-YAYs,” said Michelle Chin, vice president, Category and Integrated Marketing, Teavana. “We are thrilled to invite our customers to enjoy refreshing and inventive Teavana iced tea blends that have been specially crafted to transport your taste buds and inspire care-free, summer moments.”

Inspired by sun-drenched summer parties and the popularity of craft cocktails, Teavana is taking over happy hour all summer with new iced tea blends, layering inventive flavors made of the highest-quality herbs and botanicals. Teavana is also celebrating summer “Fri-YAYs” every Friday, starting June 2 through August 11, from 3-7 p.m. Customers who buy one 24-fluid-ounce handcrafted featured iced tea beverage will get a second beverage of equal or lesser value for free to share with a friend. Customers can choose from three iced tea flavors, including Beach Bellini™, Strawberry Daquiri and Pina Colada.

Teavana’s summer cocktail tea blends are available as handcrafted brewed iced teas and as loose-leaf tea blends for purchase at Teavana retail stores and at www.Teavana.com:

  • Beach Bellini ™, has notes of papaya, pineapple and citrus that make a bright, tropical splash.
  • Strawberry Daiquiri, combines sweet strawberry, smooth vanilla and rose petals.
  • Piña Colada, brings you to paradise with coconut, pineapple and vanilla-kissed tropical fruit.
  • Mandarin Mimosa, a breezy, citrus-brightened blend that combines mandarin orange, mango, papaya and lemongrass.

According to the Tea Association of the USA, 80 percent of tea consumed in America is iced tea. Enjoying loose leaf iced tea is easy with Teavana’s Perfectea Maker. It brews the perfect cup of iced tea in minutes. Just scoop, steep and serve.

Visit Teavana.com/Summer to discover Teavana’s cocktail-inspired blends and iced tea merchandise.

MEDIA CONTACT:

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

SOURCE: Starbucks Corporation

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Starbucks to open in Dallas, TX and Trenton, NJ as part of its initiative to invest in underserved communities across the U.S.

Starbucks to open in Dallas, TX and Trenton, NJ as part of its initiative to invest in underserved communities across the U.S.

 

  • Starbucks new stores in Dallas, TX and Trenton, NJ are part of the company’s strategy to invest in at least 15 underserved communities across the U.S. by 2018
  • Similar stores are open in Ferguson, MO; Englewood in Chicago; East Baltimore; Phoenix and Long Beach, CA; three more locations to open in 2017 in Birmingham, Seattle and Miami

DALLAS, TX and TRENTON, NJ, 2017-May-25 — /EPR Retail News/ — Starbucks today (May 23, 2017) announced two new locations in Dallas, TX and Trenton, NJ in its national initiative to invest in at least 15 underserved communities across the U.S. by 2018. In Dallas, the company will join the ongoing redevelopment and revitalization of the iconic Red Bird shopping district in southern Dallas with a unique new store aimed at creating economic opportunities by hiring locally, providing in-store training opportunities for youth, and working with local minority owned businesses. The store in Trenton, NJ, located downtown on South Warren Street, will have a similar mission in the community when it opens in late 2017. Six such Starbucks® stores have already opened in Ferguson, MO, central Phoenix, the Jamaica neighborhood of Queens, NY, Englewood in Chicago’s Southside, East Baltimore, and Long Beach, CA, demonstrating that long-term investment in underserved communities can help drive opportunities for Starbucks business and the community.

Creating Economic Opportunities in Southern Dallas

Starbucks plans to work with local women- and minority owned contractors for the construction of its upcoming Red Bird store, and is evaluating minority owned suppliers in southern Dallas for a locally sourced product to feature in the café. Set to open in Spring 2018, the company hopes the new store will help spotlight local businesses, support their growth, and invest in the community. The Red Bird Starbucks will also be the first in the Dallas metropolitan area to have a unique in-store training space. Working with a local nonprofit organization, Starbucks will provide southern Dallas youth the opportunity to take part in a free multi-week job skills training program – based on Starbucks own renowned customer service curriculum. When trainings are not in session, the room will be available for local groups to use for meetings and dialog – serving as a vital hub for members of the community.

“While parts of southern Dallas continue to lack economic opportunity, there is a robust potential customer base, and a strong business and community led movement underway to revitalize those parts of the area that need it most,” said Traci York, regional vice president for South Central Operations for Starbucks. “We want to be a part of this effort, and show that with meaningful investment and a creative business model that reflects the needs of the community, we can create the kinds of economic opportunities that have the potential to generate long-term impact. This is both an opportunity to grow our business by reaching new customers, and to be part of a local solution for social change.”

Dallas Mayor Mike Rawlings added, “Starbucks is known for being a great corporate citizen and today’s announcement is a prime example of why.  But make no mistake about it: Starbucks is not opening a store in Red Bird for charity.  They recognize an unmet demand and they are investing in southern Dallas. This is what GrowSouth has long been about. Thank you, Starbucks, for your vision and leadership.”

Starbucks plans to work with local women- and minority owned contractors for the construction of the Red Bird store, and is evaluating minority owned suppliers in southern Dallas for a locally sourced product to feature in the café. In this way, the company hopes to shine a light on local businesses, support their growth, and invest in the community.

The Starbucks initiative is closely aligned with Red Bird owner Peter Brodsky’s broader vision to support the community, drive business investment in the area, create local jobs, and bring quality entertainment, dining and shopping options to southern Dallas.

“This Starbucks store represents exactly what we are trying to accomplish at Red Bird by providing a high-quality amenity to southern Dallas residents and simultaneously investing in the community to make a difference,” said Brodsky. “Starbucks is an ideal partner for the Red Bird development – a company with a first-class product, first-class service, and a deep commitment to the communities where it does business. I am proud to welcome Starbucks to Red Bird.”

Dallas Deputy Mayor Pro Tem Erik Wilson added, “It is a very exciting time for District 8, Red Bird, and Starbucks. Starbucks will have a new home at Red Bird coming soon. Red Bird and Starbucks represent a major economic turnaround in Dallas. We can see them all come to life, but it takes dedicated individuals and partnership from the community to help achieve its goals.”

For Starbucks, the store at Red Bird marks an important milestone in a series of initiatives the company is championing to create greater economic opportunities for young people in Dallas. An estimated 13% of youth in the Dallas/Ft. Worth area are unemployed, a challenge that is compounded in southern Dallas where 25% of youth are not in school or employed[1]. Most recently on May 19, as part of Starbucks broader nationwide commitment to hire at least 100,000 Opportunity Youth – 16-24-year-olds who face barriers to employment and opportunity – by 2020, the company worked with more than 50 top U.S. companies to host the Dallas Opportunity Fair – an unprecedented, day-long, free job fair that brought together nearly 2,000 youth to interview with more than 30 employers including Starbucks, JCPenney, FedEx, HMS Host, Walmart, Macy’s, Pizza Hut and more. With hundreds of on-the-spot job offers – it was Texas’ largest hiring event ever geared towards young people who are disconnected from the Dallas economy, many from neighborhoods in southern Dallas.

First Starbucks in Trenton, NJ Part of National Initiative to Support Economic Revitalization

Starbucks is proud to also announce its first store in Trenton, NJ. Located on South Warren Street in downtown Trenton, the store, like the location planned in southern Dallas, is part of the company’s latest initiative to deepen investment in underserved neighborhoods in at least 15 communities by 2018. The goal is to contribute to ongoing economic development and revitalization in low to medium-income communities and create job opportunities for local youth. Starbucks is currently evaluating local minority owned vendors in the community to supply product for the store, and nonprofit organizations in the community to support its in-store job training program for opportunity youth. The store is expected to open in late 2017.

“We considered the impact Starbucks could have in this part of Trenton, and whether it would be a viable site in terms of driving our business and being profitable, while also serving the needs of the community with new jobs and economic investment,” said Camille Hymes, regional vice president for Mid-Atlantic Operations for Starbucks. “Both of those considerations – community impact and impact on business –led to this site being right for us. We could not be more proud of opening our very first Starbucks store in Trenton. As a Trenton native, this is undoubtedly a deeply personal project for me, and my team and I look forward to working with the community as we get ready to open later this year.”

Trenton Mayor Eric Jackson added, “Starbucks will be a welcome addition as we continue revitalizing our downtown business corridor. Through this store’s unique model of investing in local contractors, suppliers and youth, Starbucks is stepping up and investing in our community in a way that will open up exciting opportunities for all. We hope more businesses will appreciate Trenton’s resurgence as we work together to drive economic development locally.”

MEDIA CONTACT:

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

SOURCE: Starbucks Corporation

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Walmart enhances its military leave of absence policy

Company announces more than 170,000 veteran hires since 2013 and grants $100,000 to Tragedy Assistance Program for Survivors (TAPS)

Bentonville, Ark., 2017-May-25 — /EPR Retail News/ — Today ( May 23, 2017), Walmart announced expansions to its military leave of absence policy, offering differential pay to all eligible military associates taking on assignments lasting more than three days and through the duration of leave – including basic training. With the enhancements going into effect June 24, Walmart has offered differential pay since 2008, meaning that if an associate’s military salary is less than what they were making at their job at Walmart, the company will pay them the difference while they are on a military leave of absence. In 2016, Walmart associates took more than 4,400 military leave of absences.

Walmart is one of the first major retailers to apply differential pay to include basic training, so associates who are considering enlisting in the armed forces can make that decision without fear of losing wages. In addition, Walmart is taking steps to streamline and simplify the internal process required to obtain differential pay – with the goal of making it easier on associates and their families, so they can spend less time on paperwork and more time on their service.

“At Walmart, we’re turning jobs into fulfilling careers for veterans, active service members and their families, and we’re making it easier for them to work, live and serve,” said Retired Brigadier General Gary Profit, senior director of military programs for Walmart. “We believe that anyone who wants to serve in our Armed Forces should be able to do so without fear of losing wages or leaving their family in a lurch. The changes we’re making will remove financial barriers for all associates serving their country, including those who are starting their service journey through basic training.”

The changes build upon Walmart’s already-robust support for veterans, military members and their families.

According to the U.S. Department of Defense, in 2016, more than 200,000 men and women serving in the military transitioned to civilian life, and many find it difficult to navigate multiple agencies offering job placement and other services. To date, Walmart hired more than 170,000 veterans since it announced its Veterans Welcome Home Commitment in May 2013*. Of those veteran hires, more than 22,000 have been promoted to jobs with higher pay and greater responsibility.

On Memorial Day 2013, Walmart introduced the Veterans Welcome Home Commitment, which guaranteed a job offer to any eligible, honorably discharged U.S. veteran who was within 12 months of active duty. The initial goal was to hire 100,000 veterans by the end of 2018. In May of 2015, Walmart announced the expansion of that original projection, with the goal of hiring 250,000 veterans by the end of 2020. Walmart has also changed the eligibility from within 12 months of active duty, to any veteran who has been honorably discharged since the announcement of the commitment in May 2013.

In addition to its commitment to hiring veterans, Walmart also ensures their family members can build long-lasting careers. Walmart’s Military Family Promise guarantees a job at a nearby store or Sam’s Club for all military personnel and military spouses employed by Walmart and Sam’s Club who move to a different part of the country because they or their spouse have been transferred by the United States military. Walmart also participates in the U.S Chamber of Commerce’s Hiring Our Heroes Program, recruiting tens of thousands of veterans through career fairs.

This Memorial Day, Walmart is also announcing a $100,000 grant to the Tragedy Assistance Program for Survivors (TAPS), the national organization that offers help, hope and healing to all those grieving the death of a loved one serving in the Armed Forces. The grant will enable TAPS to reach more survivors through their Casework and Emergency Assistance Programs.

“As a military widow, I know how isolating it can be to lose a loved one,” said Bonnie Carroll, TAPS president and founder and a 2015 Presidential Medal of Freedom recipient. “The critically needed support provided by Walmart will enable TAPS to offer assistance to military families when they need it most, after the loss of their hero. We are grateful for our partnership with Walmart, which engages their employees across the nation and brings the strength of their brand to positively impact the lives of the families of America’s fallen heroes. On behalf of over 70,000 surviving military families who receive support from TAPS, we thank Walmart for leading the way in caring for those who have sacrificed for our nation’s freedoms.”

Walmart and the Walmart Foundation have a long history of supporting veterans, service members and their families. In 2011, Walmart and the Walmart Foundation committed $20 million by 2015 to support veterans and their families with assistance for programs that provide job training, transition help and education. With the early completion of the commitment in May 2014, Walmart and the Walmart Foundation renewed the commitment, announcing an additional $20 million through 2019 to support job training, education and innovative public/private community-based initiatives that address challenges many veterans face when returning to civilian life.

For more information about Walmart’s commitment to veterans, service members and military families, please visit: http://www.walmartcareerswithamission.com/ or http://corporate.walmart.com/global-responsibility/veterans-military-families/ and follow on Twitter @WalmartToday.

*Editor’s Note: These projections and reported hires/promotions include veterans hired under our original and expanded Commitment as well as other veterans hired by Walmart in this time frame. While we think it is particularly important to support service members as they make the transition to civilian life, Walmart believes all veterans deserve our respect and support, no matter when they left active duty.

About Walmart
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, over 260 million customers and members visit our 11,695 stores under 59 banners in 28 countries and e-commerce websites in 11 countries. With fiscal year 2017 revenue of $485.9 billion, Walmart employs approximately 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart.

Source: Wal-Mart Stores, Inc.

Amazon.com introduces Wedding Shop from Handmade at Amazon

Amazon.com introduces Wedding Shop from Handmade at Amazon

 

  • The Handmade Wedding Shop offers thousands of handcrafted items including wedding décor, invitations, gifts and jewelry
  • Handmade at Amazon is the premier destination to shop for genuinely handcrafted items from artisans around the world

SEATTLE, 2017-May-25 — /EPR Retail News/ — Amazon.com, Inc. (NASDAQ: AMZN) today (May 23, 2017) introduced the Wedding Shop from Handmade at Amazon, a selection of thousands of unique, handcrafted products to help plan and celebrate your big day. Launched in 2015, Handmade at Amazon is the premier destination to shop for handcrafted and custom items while supporting local artisans.

Customers already visit Amazon.com for everything from creating their wedding registry, to buying their wedding shoes, to picking out luggage for their honeymoon. Now with the Handmade Wedding Shop (amazon.com/handmadeweddingshop), customers have a designated destination to explore thousands of unique, handcrafted products for weddings and wedding-related events. Customers can also enjoy the convenience of free two-day delivery with Prime-eligible Handmade products.

“We created the Handmade Wedding Shop with the savvy couple in mind. From rustic chic, to glitz and glam, the Wedding Shop is a one-stop destination for customers to discover a vast selection of customized products for their big day,” said Katie Harnetiaux, Handmade at Amazon. “The ability to purchase products from local artisans on the Handmade Wedding Shop offers customers a boutique shopping experience coupled with the convenience and selection of Handmade at Amazon.”

From personalized wedding invitations and wedding decorations to bridesmaid and groomsman gifts to fashion accessories, couples can now easily browse, create and purchase genuinely handcrafted wedding items on Handmade at Amazon.

Popular wedding categories and products include:

  • Venue & Reception Décor: Personalize your big day with unique handcrafted wedding décor, including Signs, Table Décor, Cake Toppers, Candles & Holders, Artificial Flowers and Confetti.
  • Invites & Paper: Shop personalized, handcrafted wedding invitations for your special day, including Save the Dates, Wedding Party Invitations, Invitations, Bridal Shower Invitations, Ceremony Programs and Thank You Cards.
  • Handmade Jewelry: Explore thousands of handcrafted bridal and wedding jewelry options for your big day, including Wedding & Engagement Rings, Bracelets, Necklaces, Brooches & Pins, Earrings and Ring Boxes.
  • Bridal & Groom Fashion Accessories: Put the finishing touch on your look with unique, handcrafted accessories, including Hair Accessories, Hats & Veils, Dress Belts & Sashes, Gloves, Handbags, Garters, Ties, Cufflinks & Tie Clips and Pocket Squares.
  • Gifts & Mementos: Find customized and handcrafted gifts and mementos for your wedding, including Favors, Guestbooks, Bridesmaids Gifts, Groomsman Gifts, Gifts for the Couple and Honeymoon Travel Accessories.

To explore the Handmade Wedding Shop, visit amazon.com/handmadeweddingshop or follow Handmade at Amazon on social:

About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about and follow @AmazonNews.

Media Hotline:
Amazon-pr@amazon.com
www.amazon.com/pr

Source: Amazon