Tesco launches resealable salad bags as part of its ‘No Time For Food Waste’ campaign

Tesco launches resealable salad bags as part of its ‘No Time For Food Waste’ campaign

 

CHESHUNT, England, 2017-May-29 — /EPR Retail News/ — Shoppers are to be given a helping hand to reduce food waste thanks to Tesco’s new resealable salad bags.

Salads are one of the UK’s most wasted foods by households, and figures* show that Brits throw away around 37,000 tonnes from their homes each year – the equivalent of 178 million bags of salad.

The new bags have a sliding zip lock, similar to the ones used for family-sized cheese portions, to keep the salad from spilling out once it’s been opened.

The packaging is made from a thicker film than usual to help protect the leaves from getting damaged.

Tesco produce buyer manager Adam Hill:

“Over the last two years we’ve been working with our growers to develop new packaging which allows customers to return to their bags of salad over a number of days with very little hassle or fuss.

“We know many shoppers roll up their bagged salads after using them once and stick them at the back of their fridges where they are forgotten for days or even weeks.

“These new bags are made from stronger material to protect the leaves from getting scrunched up – so preventing them from going to waste.”

Tesco’s research found that:

  • Shoppers do not always buy bagged salads with a meal in mind which can lead to them being forgotten purchases
  • Current bags are not strong enough to protect leaves and do not seal so salads tend to spill out in the fridge
  • Shoppers believe that air going into a bag once its opened is “bad air” and want a way to stop this occurring

The move to launch the resealable salad bags has been welcomed by the Waste & Resources Action Programme (WRAP) – a not-for-profit organisation that works with governments, businesses and the public to promote waste reduction.

WRAP’s business programmes director Steve Creed said:

“We commend Tesco for introducing a new resealable packaging format for their pre-prepared salads which will help in the fight to reduce household food waste.

“At present, nearly 40 per cent of lettuce and leafy salads bought by householders end up being thrown away in the home.”

The new Tesco salads in resealable bags are priced as follows Babyleaf spinach (240g) – £1.50; Iceberg lettuce (260g) – £1; Sweet and crunchy (370g) – £1; Babyleaf salad (140g) – £1.50.

The new packaging is part of Tesco’s ‘No Time For Food Waste’ campaign to tackle food waste wherever it occurs – from farm to fork.

Note to editors:

  • Latest data from retail analysts EPOS shows that UK shoppers bought 431 million in the 52 weeks to April 22 2017 – a 2.7 per cent growth on the previous year.
  • In 2012, WRAP published research that provided estimates on the amount and type of food and drink wasted in UK homes. It found that lettuce and leafy salads had among the highest level (nearly 40 per cent) of household food waste in the UK.
  • Tesco believes that no food that could be eaten should be wasted and has made the commitment that no food that is safe for human consumption will go to waste from Tesco UK Retail operations by the end of 2017. For more information go to tescoplc.com/foodwaste

We are a team of 480,000 in 11 markets dedicated to serving shoppers a little better every day.

For more information please contact the Tesco Press Office on 01707 918 701

Source: Tesco

###

Lulu Express – “Fresh Market” opens in Galleria Mall in Jubail city, Kingdom of Saudi Arabia

Lulu Express – “Fresh Market” opens in Galleria Mall in Jubail city, Kingdom of Saudi Arabia

 

Jubail, Saudi Arabia, 2017-May-29 — /EPR Retail News/ — Jubail: Lulu Group has opened its latest store with the opening of Lulu Express – “Fresh Market” in Galleria Mall Fanateer Dist., near Jubail city in the Kingdome of Saudi Arabia. The Lulu Express was officially inaugurated by Mr. Abdul Aziz Bin Abdulla Al Msned – General Manager, General Service Sector – Royal Commission in the presence of several high-ranking officials from Royal Commission and Mr. Yusuff Ali M.A., Chairman and Managing director of LuLu Group Mr. Saifee Rupawala, CEO, Mr. Ashraf Ali, Executive Director, Mr. Althaf, Director and other senior officials of LuLu Group and besides of that several dignitaries from local business communities were also presented in the event including with a large number of residents.

The new Lulu express is spread over an area of about 40,000 Sq. feet and will serve the residents of Fanateer District and its surrounding areas with easy access and ample parking.

The store offers an ultra-modern shopping ambience by integrating all conceivable needs like Grocery goods, fresh food, butchery, fish as well as Department store sections such as footwear, Sportswear, Home appliances, IT products and Mobiles.

Contact:

Tel: +971 2 4182000
Fax: +971 2 6421716
headoffice@ae.lulumea.com marketing@ae.lulumea.com

Source: Lulu Group

###

NEUE MIGROS IN SCHINDELLEGI

NEUE MIGROS IN SCHINDELLEGI

 

Zürich, Switzerland, 2017-May-29 — /EPR Retail News/ — Ausserschwyz erhält eine neue Einkaufsmöglichkeit. Am 1. Juni eröffnet in Schindellegi die neue Migros-Filiale. Mitten im Dorfkern gibt es künftig alles für den täglichen Bedarf.

Der Ausblick über den ganzen Zürichsee macht die Gemeinde Feusisberg zu einer beliebten Wohngegend im Kanton Schwyz. Ab dem 1. Juni erhält Schindellegi eine neue Anwohnerin: die Migros. Mitten im Dorfkern, direkt beim Kreisel, ist künftig eine neue Migros-Filiale für Kundinnen und Kunden geöffnet. Auf knapp 1000 Quadratmetern bietet die Filiale im Erdgeschoss eines Mehrfamilienhauses ein vielfältiges Angebot an Lebensmitteln sowie Hygiene- und Haushaltsprodukten. Auch eine kleine Auswahl an Textilien wie Socken und Strümpfe steht zur Verfügung. Herzstück der Filiale ist das grosse Frische-Sortiment mit Backwaren, Gemüse und Früchten. Eine bediente Fleisch- und Fischtheke runden das Angebot ab.

Moderne Ausstattung
„Wir freuen uns, unsere Kundinnen und Kunden in einem modernen und praktischen Supermarkt zu begrüssen“, freut sich Filialleiter Marcel Büsser. Neben bedienten Kassen stehen auch zwei Self-Scanning- sowie drei Self-Checkout-Kassen zur Verfügung. Wer mit dem Auto die Einkäufe erledigen möchte, findet einen Parkplatz in der direkt angeschlossenen Tiefgarage. Für den Transport der Einkäufe steht ein Lift zur Verfügung.

Die neue Migros-Filiale feiert vom 1. bis 3. Juni mit 10 Prozent Rabatt auf das gesamte Sortiment sowie einem Schätzwettbewerb. Für alle Kunden gibt es während der Eröffnungstage zudem ein kleines Überraschungsgeschenk.

Contact:
Genossenschaft Migros Zürich
Francesco Laratta
Mediensprecher Migros
8021 Zürich
TEL: 058 561 64 62
E-MAIL: francesco.laratta@gmz.migros.ch

Source: Migros

###

Save Mart opens new store in Los Banos, CA

Grocer made a significant investment in Los Banos community

Los Banos, 2017-May-29 — /EPR Retail News/ — After months of construction, company officials and community leaders celebrated the grand opening of the new Save Mart store at 1400 Mercey Springs Road in Los Banos Wednesday with a ribbon-cutting ceremony. This is the seventh store under the Save Mart banner to incorporate the brand’s fresh, updated look and the new features geared toward convenience and service.

“We’ve enjoyed being part of this community since 1987. What a great way to celebrate three decades here … by opening a brand new store,” said Store Manager George Bettencourt, who leads a team of 101 employees. 33 positions were created as a result of the bigger store, which is 52,000 square feet. The old location closed Sunday with all workers transferring to the new location across the street on Monday morning.

Among the new offerings of the Los Banos store:

  • Burrito/taco/nacho bar with tortillas made fresh in the store
  • A “Valley Fresco” area with vegetable/fruit-infused water, fresh juice bar, smoothies, fresh-cut produce, fresh salsa & guacamole
  • Specialty sandwiches
  • Salad and soup bar
  • In-store grill for hassle-free barbecues – Shoppers pick what’s for lunch or dinner and we’ll grill it for you!
  • Bigger produce department with expanded organic selection
  • Larger floral department
  • Expanded selection of natural, organic & bulk foods
  • Café seating with Wifi
  • Self-checkout lanes
  • Pharmacy

To reinforce Save Mart’s commitment to the community, Pacheco and Los Banos High each received a $500 donation. And the Sportsman’s Club and Golden Agers, both long-time Save Mart shoppers, each received a $500 gift card. All year long, the store donates up to 3% of its profits to nearly 100 local schools and charities through its Shares powered by eScrip program. Shoppers who sign up for it can designate which non-profits will receive monthly donations.

Based in the heart of the Central Valley, The Save Mart Companies is committed to sourcing a wide variety of local products ensuring that ‘fresh comes first’ for neighborhoods throughout California and Northern Nevada. The company employs nearly 16,000 team members and operates 207 traditional and price impact stores under the banners of Save Mart, Lucky, FoodMaxx, S-Mart Foods, and MaxxValue Foods. In addition to its retail operation, the company also operates Smart Refrigerated Transport and is a voting partner in Super Store Industries (SSI), which owns and operates a distribution center in Lathrop, Mid Valley Dairy in Fairfield and Sunnyside Farms ice cream plant in Turlock. For more information on the company visit: www.SaveMart.com.

Contact:
Nannette Miranda
925-833-6136.

Source: Save Mart Supermarket

Sprouts Farmers Market CFO Brad Lukow to present at the Deutsche Bank dbAccess 2017 Global Consumer Conference in Paris

PHOENIX, 2017-May-29 — /EPR Retail News/ — Sprouts Farmers Market, Inc. (Nasdaq:SFM) today (May 25, 2017) announced that Brad Lukow, chief financial officer, will present at the Deutsche Bank dbAccess 2017 Global Consumer Conference in Paris. The presentation will begin at Noon CEST (6:00 AM EDT) on June 15, 2017.

A live webcast of the presentation will be available on the Investor Relations section of the Company’s website at investors.sprouts.com. A replay will be archived and available at the same location.

About Sprouts Farmers Market
Sprouts Farmers Market, Inc. is a healthy grocery store offering fresh, natural and organic foods at great prices. Sprouts offers a complete shopping experience that includes fresh produce, meat and seafood, bulk foods, vitamins and supplements, packaged groceries, deli, baked goods, dairy products, frozen foods, natural body care and household items catering to consumers’ growing interest in health and wellness. Headquartered in Phoenix, Arizona, Sprouts employs more than 25,000 team members and operates more than 260 stores in 15 states from coast to coast. For more information, visit sprouts.com or @sproutsfm on Twitter.

Investor Contact:
Susannah Livingston
(602) 682-1584
susannahlivingston@sprouts.com

Media Contact:
Donna Egan
(602) 682-3152
media@sprouts.com

Source: Sprouts Farmers Market/globenewswire

Wakefern Food Corp. to participate in this year’s A Walk to Believe, One Step Closer with Team LeGrand

Keasbey, NJ, 2017-May-29 — /EPR Retail News/ — Wakefern Food Corp. President and COO Joe Sheridan has announced the company’s participation in this year’s A Walk to Believe, One Step Closer with Team LeGrand to benefit the Christopher & Dana Reeve Foundation.

The 5K Run/Walk/Roll was established in 2010 to show support for Eric LeGrand, a former star Rutgers University football player who was paralyzed after suffering a spinal cord injury during a game.

Sheridan, who serves as president and COO of New Jersey-based Wakefern, the largest U.S. retailer-owned cooperative in the country and the merchandising and distribution arm for ShopRite, Price Rite and The Fresh Grocer stores, announced plans to field a Wakefern team headed by associate Mike Luciano in this year’s 5K at Rutgers. Luciano was a teenager when he was paralyzed during a diving accident in a friend’s backyard swimming pool.

“Eric LeGrand has become one of the nation’s leading advocates for paralysis and spinal cord injury research. That’s why this cause is especially important to me,” said Luciano, a business analyst at Wakefern. “I’m so thankful to my (Wakefern) colleagues for showing this support and sponsoring a team to raise money for this important cause.”

“We are proud to join forces with Mike for the 7th Annual Walk to Believe,” noted Sheridan. “One of the great things about our Wakefern associates is their commitment to community and willingness to do good work beyond the office. Hundreds of our associates will also volunteer at the New Jersey Special Olympics in June and many others will help out at the upcoming ShopRite LPGA Classic, which raises money for dozens of charities in New Jersey.”

Wakefern will cover entry fee costs for associates and match all associate donations through its Wakefern Matching Gifts platform. All money raised by the “Wakefern Walks With Mike” team will benefit the Christopher
& Dana Reeve Foundation.

A Walk to Believe raises awareness and funds to help people with spinal cord injuries and advance research into cures for paralysis. The 5K kicks off at 10:30 AM Sunday, June 4 at High Point Solutions Stadium-Scarlet Lot, located at Rutgers University. Check-in begins at 8:00 AM for all race participants.

Wakefern welcomes all associates to sign up or donate to the race. Additional information about the walk and how to register or donate can be found by visiting http://awalktobelieve.org

About Wakefern Food Corp.
From a small, local cooperative that began with eight grocery store owners, Wakefern Food Corp. has grown into the largest retailer-owned cooperative in the United States. Founded in 1946, the cooperative comprises 50 members who today independently own and operate 343 supermarkets under the ShopRite, The Fresh Grocer, Price Rite and Dearborn Market banners in New Jersey, New York, Connecticut, Pennsylvania, Maryland, Delaware, Massachusetts, Rhode Island and Virginia. Together with its member companies, Wakefern employs more than 70,000 people, and is one of the largest employers in New Jersey. For more information, please visit www.wakefern.com.

Contact:
Karen O’Shea
Communications Specialist
Email: karen.oshea@wakefern.com
Phone: 732-906-5932
Fax: 732-906-5160

Maureen Gillespie
Manager
Email: maureen.gillespie@wakefern.com
Phone: 732-906-5295

Source: Wakefern Food Corp.

SPAR International highlights its strategic developments in 2016

The interactive version of the review is now available, complementing the downloadable PDF file.

Thailand, 2017-May-29 — /EPR Retail News/ — In addition to the worldwide results announced on 16 May, there are highlights of the strategic developments within SPAR and highlights of activities in each of the 44 SPAR markets.

The launch of SPAR in Albania & Thailand last year are highlighted in a short interview with SPAR International Managing Director Tobias Wasmuht within the Expansion focus. SPAR Partners saw another great year of growth and innovation which has been recognised in the industry with SPAR Thailand (SPAR Ratchapruek), and SPAR Gran Canaria (SPAR Natural concept) being nominated for the NACS Insight International Convenience Retailer of the Year Award. The two stores are among ten finalists that have been nominated based on the innovation and creativity demonstrated by these flagship stores.

SPAR Ratchapruek harnesses the best practice from SPAR’s convenience retailing worldwide and the learnings from other markets with expertise in forecourt retailing. Developed by a strong local Partner, the Bangchak Group, together with SPAR International, SPAR Ratchapruek is a world class, modern, convenience store, changing the landscape of forecourt retailing in the market.

The SPAR Natural concept store is a pioneering new concept launched in Gran Canaria, based on the growing consumer demand for healthy choices. Working together with SPAR Gran Canaria and SPAR Spain, SPAR International developed this concept in response to the growing demand for health and wellness products. With a range of over 4,500 health and wellness products sourced internationally as well as locally, the store clearly differentiates itself from its competitors.

The NACS Insight Convenience Retail Awards recognise outstanding achievements in the international retail community and provide one of the best benchmarks of global convenience retailing excellence. The nominations were decided by the Grand Jury, which included leading experts from business, retail and design. The NACS Insight Awards are now in their ninth year. The winner will be announced on the 14th of June at the St. Pancras Renaissance hotel in London as part of the annual Convenience Summit.

Contact:

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

Source: Spar International

Staples, Inc. announces the appointment of Michelle Bottomley as Chief Marketing Officer

Staples, Inc. announces the appointment of Michelle Bottomley as Chief Marketing Officer

 

FRAMINGHAM, Mass., 2017-May-29 — /EPR Retail News/ — Staples, Inc. (Nasdaq: SPLS) today (May 25, 2017) announced that Michelle Bottomley has been appointed Chief Marketing Officer (CMO). In this role, Bottomley will be responsible for marketing across Staples, helping to promote the company’s pivot to focusing on its North American Delivery business. She will report to Staples’ Chief Executive Officer and President Shira Goodman.

“Michelle brings tremendous breadth and balance in the marketing profession, and has a well-earned reputation as a leader of high-performing teams,” said Goodman. “Her strong background in business-to-business marketing, including working closely with and leading sales teams, and deep expertise in digital marketing will be critical as we transform Staples to be a solutions provider for businesses.”

Prior to joining Staples, Bottomley was Global Chief Marketing and Sales Officer at the human capital firm Mercer, where she helped significantly grow revenue through world-class branding, demand generation and data-driven digital experiences that integrated marketing and sales. Earlier in her career, she was Chief Marketing Officer for Barclaycard, one of the top five global credit card companies. Her ten-year career at Ogilvy & Mather included the significant growth of Ogilvy’s consulting organization and culminated in her role as Chief Operating Officer of Ogilvy’s flagship office in New York.

Bottomley replaces former CMO Frank Bifulco, who had previously announced his intention to retire in 2017, after three years leading Staples’ marketing organization and helping to launch the recent “It’s Pro Time” campaign.

Staples, Inc.

Staples brings technology and people together in innovative ways to consistently deliver products, services and expertise that elevate and delight customers. Staples is in business with businesses and is passionate about empowering people to become true professionals at work. Headquartered outside of Boston, Mass., Staples, Inc. operates primarily in North America, with additional offices in South America and Asia. More information about Staples (NASDAQ: SPLS) is available at www.staples.com.

Contact:
Mark Cautela
508-253-3832
Mark.Cautela@staples.com

Source: Staples, Inc.

###

Al Meera extends store hours in most branches across Qatar and turns its Al Mansoura shopping center into 24-hour branch

Al Meera extends store hours in most branches across Qatar and turns its Al Mansoura shopping center into 24-hour branch

 

DOHA, Qatar, 2017-May-29 — /EPR Retail News/ — In response to the Ministry of Economy and Commerce’s (MEC) call on shopping centers to adjust their operating hours during the Holy month of Ramadan, to further cater to the needs of consumers, Al Meera Consumer Goods Company (Q.S.C) has arranged to extend the operating hours – till after midnight – in most of the Company’s branches, in addition to turning its shopping center in Al Mansoura into Al Meera’s second 24-hour operating branch (following the Legtaifiya branch) in Qatar.

Al Meera’s latest arrangement comes in appreciation of the Ministry’s role in protecting consumers and enhancing their experiences at commercial venues, and as direct support from the Company’s end, as the first Consumer Retail Chain in the country to communicate its commitment to the initiative ‘The Least We Can Do’ launched by MEC. The initiative also comes in line with Al Meera’s mission to provide consumers across Qatar with convenience and a world-class shopping experience that provides true value for money.

Commenting on the initiative, Sheikh Thani Bin Thamer Al Thani, Al Meera’s Chairman of the Board of Directors, said:

“Since inception, Al Meera has been at the heart of the community and has spared no effort to make a real difference in the shopping experience of consumers across the country, and this year, Al Meera’s active participation in the Ministry of Economy and Commerce’s initiative ‘The Least We Can Do’ is the expression of our appreciation for their role in the Qatari community.”

He added: “In light of this initiative, Al Meera proudly extends its operating hours in most stores and has allocated our Mansoura branch to operate for 24 hours. Al Meera is pleased to be further serving the Qatari community through extending our operating hours, embodying our motto ‘Your Favourite Neighbourhood Retailer’, in line with the Qatar National Vision 2030 for the ongoing support to the various regions of the country.”

Al Meera’s participation in the MEC initiative ‘The Least We Can Do’ comes on the heels of its recent collaboration with the Ministry, where the Company made use of visually designed shelf talkers to clearly designate 418 products that are priced by the MEC in order to keep consumers well informed during the Holy Month, while making their shopping experience at Al Meera convenient and hassle-free as well as enjoyable.

The provision of specially designated MEC-priced items further augments shoppers experience at Al Meera stores during Ramadan, where the Company has launched its ‘1438 consumer goods at cost price’ distinctive offer as a tribute to the Islamic Year 1438, which comes as part of this year’s Ramadan campaign under the slogan ‘an abundance of good, in the month of goodness’.

The campaign comes as an extension of last year’s Ramadan offer, and gives patrons of 35 of Al Meera branches, as well as Géant Hypermarket, the opportunity to purchase at cost price 1438 high quality products that have been carefully selected to cater to the specific needs of shoppers in the holy month.

Since its founding in 2005, Al Meera has continued to affirm its commitment to Qatar’s social and cultural values and has taken many steps to make a real difference in the shopping experience of community members across the country.

The Company has developed a number of remarkable activities that have become an integral part of its annual commitment to the various segments in society, and has exerted great effort to live up to its role-model status in the realm of corporate social responsibility, with a lineup of humanitarian, social and environmental initiatives that were successfully met with great acclaim and engagement from all segments of society.

Contact:

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

Source: Al Meera

###

RioCan Real Estate Investment Trust commences development at Windfields Farm in Oshawa, Ontario

TORONTO, ONTARIO, 2017-May-29 — /EPR Retail News/ — RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) is pleased to announce that is has commenced development at Windfields Farm in Oshawa, Ontario with its partner Tribute Communities (“Tribute”).

In 2015, RioCan announced that it had formed a joint venture with Tribute to develop a residential project on a 30 acre parcel of land at RioCan’s Windfields Farm property. The overall Windfields Farm site contains approximately 116 acres of developable land in the Greater Toronto Area suburb of Oshawa, Ontario. The site is located adjacent to the recently expanded Highway 407, near the University Of Ontario Institute Of Technology, and Durham College. The current plans include as much as 50 acres of residential development and 66 acres of commercial development.

Servicing of the subdivision has begun and registration is expected to be received in the second quarter of 2017, with delivery of approximately 551 townhomes to commence in 2018 in three phases. Occupancy of the first phase of 169 townhomes, of which 166 are sold, is expected to begin during the fourth quarter of 2018. Purchasers in the second phase of 119 townhomes are expected to take occupancy during the second quarter of 2019, and purchasers of the third phase of 261 townhomes taking occupancy in the fourth quarter of 2019. There is also zoning in place for two twelve storey residential buildings that are included in the joint venture to which RioCan and Tribute are considering alternative scenarios. Tribute is providing marketing, development and construction services on behalf of the joint venture for the residential development of the site.

There are further opportunities on 20 acres of land on the site on which the partners are currently contemplating additional residential development. RioCan intends to develop a portion of the site to include a retail component that will service the residential lands and surrounding community with development anticipated to commence in 2018.

“This is a prime example of the multitude of opportunities within our portfolio that allow us to create substantial value and generate real and reliable cash flow for our unitholders. The pipeline of intensification projects underway, approved, in the approval process, as well as potential intensification projects provides us with the ability to grow the value and the cash flow of RioCan over the next ten years. We have the entrepreneurial spirit to seize these opportunities and the resources to ensure successful execution,” added Mr. Sonshine. “Sites, such as Windfields Farm, represent considerable land area that enable RioCan to build and shape communities and add to the urban landscape of Canada’s largest cities. Projects like Sunnybrook Plaza, and others in our pipeline are transit oriented developments that address the needs of municipalities for increased density and enhanced community development near transit infrastructure projects. These are significant investments for RioCan, and we remain a part of these communities, so as community stewards we have a responsibility to do it right.”

In total, RioCan has currently identified nearly 50 properties that it considers to be strong possible intensification opportunities, all of which are in the six major markets and are typically located in the vicinity of substantial transit infrastructure. These locations will provide a deep pipeline of development opportunities for RioCan as it redevelops and intensifies these properties to enhance future cash flow growth and diversify the Trust’s sources of rental revenue. Our development plans will be implemented in a prudent manner so as to manage the balance sheet and the cash flows of the Trust in order to maintain our growth targets for the business. Furthermore, as Canada’s major markets continue to grow and improve transit infrastructure, additional opportunities will present themselves.

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 project at Windfields Farm, the timing of residential completions, and comments related to the timing of other commercial development on the site, 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.

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

Source: RioCan

USDA FSIS: Cauldron Soups, LLC, recalls beef broth products produced without the benefit of federal inspection

WASHINGTON, 2017-May-29 — /EPR Retail News/ — Cauldron Soups, LLC, doing business as Cauldron Broths, a Bellingham, Wash. establishment, is recalling approximately 5,163 pounds of beef broth products that were produced without the benefit of federal inspection, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today (May 26, 2017).

The beef bone broth items were produced and packaged between December 21, 2016 and May 22, 2017. The following products are subject to recall: 

  • 24-fl. oz. individual plastic pouches containing “Vital Choice GRASS-FED BEEF BONE BROTH” with best by dates 1/15/2018, 1/18/2018 and 3/28/2018.
  • 24-fl. oz. individual plastic pouches containing “CAULDRON BROTHS BEEF BONE BROTH” with best by dates 1/3/18 and 2/15/18.
  • 24-fl. oz. individual plastic pouches containing “CAULDRON BROTHS ORGANIC CAULDRON’S CURE” with best by dates 12/21/18.
  • 1-gal. individual plastic containers containing “CAULDRON BROTHS GLACE DE VIANDE” with best by date 1/30/18.
  • 8-fl. oz. individual plastic containers containing “CAULDRON BROTHS GLACE DE VIANDE” with best by date 3/4/18.

The products subject to recall bear establishment number “EST. 45953” inside the USDA mark of inspection. These items were shipped to retail locations in the state of Washington and to a distributor who conducts internet sales direct to consumers nationwide.

The problem was discovered when FSIS personnel found FSIS product that was produced without FSIS inspection.

There have been no confirmed reports of adverse reactions or illness due to consumption of these products. Anyone concerned about a reaction 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. When available, the retail distribution list(s) will be posted on the FSIS website at www.fsis.usda.gov/recalls.

Consumers and media with questions about the recall can contact Gabriel Claycamp, CEO, at (360) 671-1098 or by email at customercare@cauldronbroths.com.

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
Mitch Adams
(202) 720-9113
Press@fsis.usda.gov

Source: USDA

NCR Corporation donates $3 million dollars worth of historical artifacts to Dayton History

Duluth, Ga., 2017-May-29 — /EPR Retail News/ — NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, has gifted Dayton History with 3 million historical artifacts valued at more than $3 million dollars. These artifacts chronicle the beginning of NCR in Dayton, Ohio, and growth around the world; the history of Dayton, Ohio, and the surrounding areas; and even help tell the story of the U.S. industrial revolution.

“Gifting our historical collection to Dayton History is a celebration of the community’s contributions to NCR and our contributions to the city of Dayton, and ensures that generations to come will have access to pieces of that history,” said NCR Foundation Lead Yvonne Whitaker. “We’ve had a long relationship with Dayton History and look forward to our continued partnership, as we will borrow from the collection to display in our new global headquarters campus in Atlanta, which will open in early 2018.”

The donated NCR Archive collection includes images and artifacts documenting NCR’s history, hundreds of 20th century cash registers and business machines, and the furnishings from the estate home of NCR’s third CEO Edward Deeds, who was also the founder of Dayton History’s Carillon Park Museum.

“This is a tremendous gift from NCR to Dayton History and the Dayton region,” said Brady Kress, president and CEO, Dayton History. “The NCR collection contains one of the region’s largest, single segments of its history, documenting thousands of families and multiple generations of Daytonians. The impact NCR had on the growth of the region is immeasurable, and the archive contains and tells those stories.”

Hundreds of items are already on display at Carillon Historical Park and more than 50,000 images are digitized and available online at www.daytonhistory.org. With NCR’s gift, the stage is set for Dayton History to expand their exhibits and invest in related educational programming.

About Dayton History
Dayton History is Montgomery County Ohio’s official historical organization. The group owns and/or operates multiple campuses in the greater Dayton, Ohio region including Carillon Historical Park, Hawthorn Hill, the Patterson Homestead, the Paul Laurence Dunbar State Memorial, the 1850 Old Court House, and Memorial Hall. Dayton History strives to inspire generations by connecting them with the people, places, and events that changed Dayton and the world.

About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 700 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Ga., with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.

Web site: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

News Media Contact:
Scott Sykes
NCR Corporation
212.589.8428
scott.sykes@ncr.com

Source: NCR Corporation

NCR Corporation moves up from 64th in 2016 to 19th in the 2017 edition of The Barron’s 500

Duluth, Ga., 2017-May-29 — /EPR Retail News/ — NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today (May 26, 2017) announced it has been ranked 19th in the 2017 edition of The Barron’s 500, up from 64th in 2016.

“We are grateful for the recognition from Barron’s,” said Bill Nuti, Chairman and CEO, NCR. “This ranking further validates our position as a leader in omni-channel software, channel transformation solutions and digital enablement, and that our focus on strong execution, innovation and driving customer success is working.”

The Barron’s 500 is a ranking of the largest publicly traded companies — whose primary stock listing is in the U.S. or Canada — measured by sales growth and cash-flow-based return on investment.

About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 700 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Ga., with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. NCR encourages investors to visit its web site which is updated regularly with financial and other important information about NCR.

Web site: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

News Media Contact:
Scott Sykes
NCR
212.589.8428
scott.sykes@ncr.com

Investor Contact:
Michael Nelson
NCR
678.808.6995
michael.nelson@ncr.com

Source: NCR Corporation

Kroger donates $1 million USO

CINCINNATI, 2017-May-29 — /EPR Retail News/ — The Kroger Co. announced today (May 26, 2017) its continued commitment to the USO by donating $1 million to the organization. Kroger has been a proud supporter of active duty military, veterans and their families since 2010, raising over $18 million in support through corporate funds and customer donations during the Honoring Our Heroes campaign.

In an effort to bring families together around the table, Kroger will once again be partnering with the USO to host events for service members and their families across the country.  These events will serve as a special thank you for more than 3,000 people.

“While we can never do enough to thank members of the military and their families for the sacrifices they make to serve our country every day, we can bring them around the table to share a meal,” said Jessica Adelman, Kroger’s group vice president of corporate affairs. “We know that meals matter – that sharing a meal together is about more than satisfying hunger, it is about feeding the human spirit. That is why we’re proud to support powerful USO programs like “no dough dinners” and sponsor our BBQ for the Troops events once again this year.”

More than 2 million Americans serve on active duty or in the reserves, including many Kroger associates. Support for Honoring Our Heroes is a way to uplift service members and their families.

“The USO is truly grateful for the Kroger family of stores and its ongoing commitment to our nation’s men and women in uniform,” said Lisa Anastasi, USO Chief Development Officer. “From hiring transitioning service members to in-store fundraising activations, Kroger continues to prove it is a dedicated Force Behind the Forces helping connect our service members and their families to the things they love and fight for.”

Kroger’s support for veterans is demonstrated in its commitment to hiring those who have served our country. The company has hired more than 35,000 veterans since 2009, and uniquely, hired more than 4,000 veterans and family members at a single day hiring event last November.

The Kroger Co. Family of Stores is providing a way for customers to honor our heroes from May to August.

  • Honor Your Hero
    Customers have the opportunity to honor their personal heroes on the Honoring Our Heroes website by simply entering their name. In exchange for their submission, Kroger will display all of the submitted names on a special Hero Wall on the website.
  • Purchase a Donation Card
    Customers may pick up a $5 or $10 donation card from the USO display in their local Kroger and present it at checkout. The tax deductible donation will be presented to a military family in need on a Kroger gift card.
  • Give Your Hero a Gift Card
    When you give your hero a Kroger Gift Card, you’re giving someone the opportunity to buy what they really need…or what they’ve always wanted to try. From the basics to the extras, give them the whole store on a patriotic Kroger Gift Card.
  • Our Turn to Serve
    Kroger Co. Associates are proudly partnering with USO volunteers across the country to put on family BBQ’s and picnics across the country as a way to show gratitude to service members and their families. Watch Kroger and USO volunteers in action.
  • Share a Coke with a Meal
    Coca-Cola and Kroger are proud to honor our nation’s heroes through our joint partnership with the USO. To provide a taste of home to the military and their families, Coca-Cola will be donating $50,000 to the USO. Purchasing a Coca-Cola product at The Kroger Co. Family of Stores shows your support of our nation’s service members.

About the USO:
The USO strengthens America’s military service members by keeping them connected to family, home and country, throughout their service to the nation. At hundreds of locations worldwide, we are united in our commitment to connect our service members and their families through countless acts of caring, comfort, and support. The USO is a private, non-profit organization, not a government agency. Our programs, services and entertainment tours are made possible by the American people, support of our corporate partners and the dedication of our volunteers and staff.

In addition to individual donors and corporate sponsors, the USO is supported by President’s Circle Partners: AT&T, Bob & Dolores Hope Foundation, Clark Construction Group, LLC, The Coca-Cola Company, FedEx, Jeep, Johnson & Johnson, Kroger, NFL, Southern New Hampshire University and Four-Star Partners: Altria, BIC, ConAgra Foods, GEICO, Harris Teeter, Lockheed Martin, Microsoft, TKS, USAA and the Wawa Foundation. We are also supported through the United Way and Combined Federal Campaign (CFC-11381). To join us in this important mission, and to learn more about the USO, please visit uso.org.

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

SOURCE: The Kroger Co.

Rakuten Point Card can now be used at McDonald’s restaurants across Japan from June 1, 2017

Service starts June 1 at the approximately 2,900 McDonald’s restaurants across Japan

Tokyo, 2017-May-29 — /EPR Retail News/ — McDonald’s Japan and Rakuten, Inc. today (May 26, 2017 ) announced that the two companies have formed a partnership around the Rakuten Point Card service to improve customer convenience by enabling Rakuten Point Card cardholders to use their Rakuten Point Card at approximately 2,900 McDonald’s restaurants across Japan from June 1, 2017.

Collaboration between McDonald’s Japan and Rakuten began in December 2008 with the introduction of Rakuten’s e-money service, Rakuten Edy, at all McDonald’s restaurants nationwide, giving customers the opportunity to enjoy a wider variety of payments methods beyond cash and allowing the restaurants to provide a quicker and smoother service. Through the new partnership, customers who present their Rakuten Point Card or their Rakuten Point Card app when paying at McDonald’s restaurants in Japan can earn one Rakuten Super Point for every 100 yen (tax included) spent. Rakuten Super Points can be used in the various Rakuten Group services as well as for payment at McDonald’s restaurants in Japan and other partner stores.

Through the partnership, the two companies aim to further improve convenience for customers by giving them the chance to experience the fun and simplicity of using and earning Rakuten Super Points whenever they visit McDonald’s restaurants in Japan.

To commemorate this service partnership, a campaign will be held in which customers who use their Rakuten Point Card at McDonald’s restaurants in Japan on weekdays between June 1 and June 30 will receive five times the regular Rakuten Super Points. Customers will also be able to receive an original “McDonald’s Rakuten Point Card” for free at McDonald’s restaurants across Japan from June 1.

In addition, McDonald’s Japan plans to incorporate a Rakuten Point Card function into its official McDonald’s Japan app by this summer.

McDonald’s Japan and Rakuten will continue to strive to offer more convenient services and improve customer satisfaction.

Service Outline

1. Use and earn Rakuten Super Points at approximately 2,900 McDonald’s restaurants across Japan
Start of service: June 1, 2017
Participating restaurants: All approximately 2,900 McDonald’s restaurants in Japan
Details: Present your Rakuten Point Card or Rakuten Point Card app when paying at McDonald’s restaurants in Japan to earn one Rakuten Super Point for every 100 yen (tax included) spent. Rakuten Super Points can be used in the various Rakuten Group services as well as for payment at McDonald’s restaurants in Japan and other partner stores.

2. McDonald’s Weekday 5x Point Campaign
Campaign period: From 00:00 on June 1, 2017 until 23:59 on June 30, 2017
Campaign website: https://point.rakuten.co.jp/rpointcard/campaign/mcdonalds/spotevents/20170601
Details: Present your Rakuten Point Card or Rakuten Point Card app when paying at any McDonald’s restaurant in Japan during the campaign period to earn five times the regular Rakuten Super Points for every 100 yen (tax included) spent.

3. Free McDonald’s Rakuten Point Card offered at all restaurants
Start of offering: June 1, 2017
Details: Customers can receive an original McDonald’s Rakuten Point Card for free at McDonald’s restaurants in Japan.
*Offer valid while stocks last.

About Rakuten Point Card
Rakuten Point Card is a service that enables users to use and earn Rakuten Super Points by showing the card or barcode displayed on the smartphone app when shopping at affiliated stores or utilizing affiliated services. Rakuten Super Points can be used on the various services of the Rakuten Group, in addition to other services and stores, such as at the approximately 2,900 McDonald’s restaurants in Japan, as well as supermarkets, department stores, restaurants, and gas stations nationwide.

About McDonald’s Japan
Since opening its first restaurant in Ginza in 1971, McDonald’s Japan strives every day to provide customers with the best restaurant experience possible. With a mission to be its customers’ favorite place and way to eat & drink, the company follows the principles of QSC&V (Quality, Service, Cleanliness, and Value) that are the rules for success in the restaurant business, as advocated by the founder of McDonald’s, Ray Kroc. Currently, McDonald’s Japan runs approximately 2,900 restaurants throughout the country’s 47 prefectures, and serves an average of around 1.3 billion customers a year. Aiming to be the world’s best food product management system, with uncompromising quality management, the pursuit of cleanliness in operations, and the practice of sincere service as its motto, McDonald’s Japan provides customers with a pleasant space, and works to create restaurants that customers will feel as a “FUN PLACE TO GO.”

About Rakuten
Rakuten, Inc. (TSE: 4755) is a global leader in internet services that empower individuals, communities, businesses and society. Founded in Tokyo in 1997 as an online marketplace, Rakuten has expanded to offer services in e-commerce, fintech, digital content and communications to more than 1 billion members around the world. Since 2012, Rakuten has ranked in the top 20 of Forbes Magazine’s annual “World’s Most Innovative Companies” list. The Rakuten Group has over 14,000 employees, and operations in 29 countries and regions. For more information visit https://global.rakuten.com/corp/

Source: Rakuten, Inc.

Newegg Seller Day to be held on June 15, London

Newegg to Host Day-long Event for European E-commerce Companies Interested in Selling Cross-border into North America and Beyond

Los Angeles, CA, 2017-May-29 — /EPR Retail News/ — Newegg, the leading tech-focused e-retailer in North America and a growing force in global e-commerce, today unveiled details of its forthcoming Newegg Seller Day (June 15 from 10 am until 6 pm at The Crystal, One Siemens Brothers Way, Royal Victoria Docks, London, E16 1GB). Newegg will welcome aspiring and seasoned e-commerce sellers to this day-long event to equip them with the knowledge and tools necessary to take their businesses to the North American market and beyond. The event coincides with London Tech Week, which is expected to draw 40,000 attendees from 70+ countries.

“London Tech Week gives us the perfect platform to reach a diverse cross-section of e-commerce sellers from around the world,” said Danny Lee, CEO of Newegg. “Newegg Seller Day is a great opportunity for these businesses to embrace the concept of selling to customers in other parts of the world, and Newegg is the ideal partner to help them cross borders and expand their customer base.”

Newegg’s online retail platform has helped thousands of sellers expand their businesses into North America and other key markets. Newegg Seller Day is a free networking event for e-commerce sellers to learn about current cross-border and exporting opportunities, as well as trends driving the global e-commerce market. More than 200 UK/EU retailers and other brands are expected to attend.

Newegg Seller Day will feature a panel discussion at 3:25 pm, Cross-border eCommerce Opportunities for UK Companies Looking to Maximize International Channels. Moderated by World First, the panel will feature e-commerce experts sharing their experience and perspectives on cross-border e-commerce, offering a multi-faceted view into one of the most dynamic aspects of global e-commerce.

Retailers interested in attending Newegg Seller Day can learn more and register by visiting http://www.newegg.com/newegg-seller-day. Like Newegg on Facebookand follow Newegg on Twitter to stay up to date on the company’s latest news.

About Newegg Inc.
Newegg Inc. is the leading electronics-focused e-retailer in the United States. It owns and operates Newegg.com (http://www.newegg.com) which was founded in 2001 and regularly earns industry-leading customer service ratings. The award-winning website has more than 28 million registered users and offers customers a comprehensive selection of the latest consumer electronics products, detailed product descriptions and images, as well as how-to information and customer reviews. Using the site’s online tech community, customers have the opportunity to interact with other computer, gaming and consumer electronics enthusiasts. Newegg Inc. is headquartered in City of Industry, California. The Newegg Hybrid Centers are located in City of Industry, CA and Richmond Hill, Ontario.

Source: Newegg Inc.

Ulta Beauty 1Q 2017 results: total sales increased 22.5%

  • Total Sales Increased 22.5%
  • Comparable Sales Increased 14.3%
  • Diluted EPS Increased 41.4% to $2.05, Including a $0.14 Tax Rate Benefit
  • Company Raises Guidance for Fiscal Year 2017

BOLINGBROOK, Ill., 2017-May-29 — /EPR Retail News/ — Ulta Beauty (NASDAQ:ULTA) today (May 25, 2017) announced financial results for the thirteen week period ended April 29, 2017(“First Quarter”), which compares to the same period ended April 30, 2016.

“The Ulta Beauty team kicked off 2017 with excellent performance in the first quarter,” said Mary Dillon, Chief Executive Officer. “Strong execution of our growth strategies delivered above plan sales and earnings growth. Our results reflect continued newness and innovation in merchandising, successful marketing programs, steady progress in our salon business and exceptional growth in e-commerce.”

Diluted EPS increased 41.4% to $2.05, including $0.14 per diluted share primarily due to the adoption of a new accounting standard for employee share-based payments, compared to $1.45 in the first quarter of fiscal 2016. Excluding the $0.14 per diluted share tax rate benefit, diluted EPS increased 31.7% to $1.91.

For the First Quarter

  • Net sales increased 22.5% to $1,314.9 million from $1,073.7 million in the first quarter of fiscal 2016;
  • Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 14.3% compared to an increase of 15.2% in the first quarter of fiscal 2016. The 14.3% comparable sales increase was driven by 8.7% transaction growth and 5.6% growth in average ticket;
  • Retail comparable sales increased 10.9%, including salon comparable sales growth of 9.9%;
  • Salon sales increased 16.7% to $68.7 million from $58.9 million in the first quarter of fiscal 2016;
  • E-commerce sales grew 70.9% to $104.3 million from $61.0 million in the first quarter of fiscal 2016, representing 340 basis points of the total company comparable sales increase of 14.3%;
  • Gross profit as a percentage of net sales decreased 20 basis points to 36.2% from 36.4% in the first quarter of fiscal 2016, due to planned supply chain investments and a higher mix of e-commerce sales, partly offset by leverage in fixed store costs;
  • Selling, general and administrative expense as a percentage of net sales decreased 80 basis points to 21.6%, compared to 22.4% in the first quarter of 2016, due to leverage of advertising and corporate overhead expenses attributed to higher sales volume;
  • Pre-opening expenses increased to $4.2 million, compared to $2.5 million in the first quarter of fiscal 2016. Real estate activity in the first quarter of fiscal 2017 included 18 new stores, two relocations and one remodel compared to 13 new stores in the first quarter of fiscal 2016;
  • Operating income increased 28.0% to $188.4 million, or 14.3% of net sales, compared to $147.2 million, or 13.7% of net sales, in the first quarter of fiscal 2016;
  • Tax rate decreased to 32.1% compared to 37.6% in the first quarter of fiscal 2016. The decrease was primarily due to the adoption of a new accounting standard for employee share-based payments; and
  • Net income increased 39.4% to $128.2 million compared to $92.0 million in the first quarter of fiscal 2016.

Balance Sheet

Merchandise inventories at the end of the first quarter of fiscal 2017 totaled $1,048.4 million, compared to $843.5 million at the end of the first quarter of fiscal 2016, representing an increase of $204.9 million. Average inventory per store increased 11.2%, compared to the first quarter of fiscal 2016. The increase in inventory was driven by 104 net new stores, the scaling up of the Greenwood, Indiana and the opening of the Dallas, Texas distribution centers, investments in inventory to ensure high in-stock levels to support sales growth, and incremental inventory for new brands and the expansion of certain prestige brands.

The Company ended the first quarter of fiscal 2017 with $471.7 million in cash and short-term investments.

Share Repurchase Program

During the first quarter of fiscal 2017, the Company repurchased 184,667 shares of its stock at a cost of $51.6 million. As of April 29, 2017, approximately $394.5 million remained available under the $425 million share repurchase program announced in March 2017.

Store Expansion

During the first quarter of fiscal 2017, the Company opened 18 stores located in Avon, IN; Cedar Park, TX; Chicago, IL; Gloucester, VA; Gretna, NE; Hattiesburg, MS; Hinesville, GA; Liberty, MO; Mobile, AL; New Philadelphia, OH; Owings Mills, MD; Santa Monica, CA; Seattle, WA; Sherman Oaks, CA; Spring, TX; Trussville, AL; Whittier, CA; and Yukon, OK. In addition, the Company closed two stores. The Company ended the first quarter of fiscal 2017 with 990 stores and square footage of 10,433,185, which represents a 12% increase in square footage compared to the first quarter of fiscal 2016.

Outlook

For the second quarter of fiscal 2017, the Company currently expects net sales in the range of $1,257 million to $1,278 million, compared to actual net sales of $1,069.2 million in the second quarter of fiscal 2016. Comparable sales for the second quarter of 2017, including e-commerce sales, are expected to increase 10% to 12%. The Company reported a comparable sales increase of 14.4% in the second quarter of 2016.

Income per diluted share for the second quarter of fiscal 2017 is estimated to be in the range of $1.72 to $1.77. This assumes a tax rate of 37.5% and excludes any impact of the new accounting standard for share-based payments. This compares to income per diluted share for the second quarter of fiscal 2016 of $1.43.

The Company is raising its previously announced fiscal 2017 comparable sales and earnings per share guidance.

For fiscal 2017, the Company plans to:

  • achieve comparable sales growth of approximately 9% to 11%, including the impact of the e-commerce business, compared to previous guidance of 8% to 10%;
  • grow e-commerce sales in the 50% range, compared to previous guidance of 40%;
  • open approximately 100 net new stores;
  • remodel 11 locations and relocate 6 stores;
  • deliver earnings per share growth in the mid-twenties percent range, compared to previous guidance of low twenties percent range. This includes the impact of the 53rd week, the impact of approximately $300 million in share repurchases, and the impact of the tax rate benefit recorded in the first quarter, and excludes any tax rate impact from the new accounting standard related to share-based payment for the rest of the year; and
  • incur capital expenditures in the $460 million range in fiscal 2017, compared to $374 million in fiscal 2016. The planned increase in capital expenditures includes approximately $80 million to fund prestige brand expansions.

Conference Call Information

A conference call to discuss first quarter results is scheduled for today, May 25, 2017, at 5:00 p.m. Eastern Time. Investors and analysts interested in participating in the call are invited to dial (877) 705-6003. The conference call will also be web-cast live at http://ir.ulta.com and remain available for 90 days. A replay of this call will be available until 11:59 p.m. (ET) on June 8, 2017 and can be accessed by dialing (844) 512-2921 and entering conference ID number 13661770.

About Ulta Beauty

Ulta Beauty (NASDAQ: ULTA) is the largest beauty retailer in the United States and the premier beauty destination for cosmetics, fragrance, skin, hair care products and salon services. Since opening its first store in 1990, Ulta Beauty has grown to become the top national retailer providing All Things Beauty. All in One Place™. The Company offers more than 20,000 products from approximately 500 well-established and emerging beauty brands across all categories and price points, including Ulta Beauty’s own private label. Ulta Beauty also offers a full-service salon in every store featuring hair, skin and brow services. Ulta Beauty is recognized for its commitment to personalized service, fun and inviting stores and its industry-leading Ultamate Rewards loyalty program. As of April 29, 2017, Ulta Beauty operates 990 retail stores across 48 states and the District of Columbia and also distributes its products through its website, which includes a collection of tips, tutorials and social content. For more information, visit www.ulta.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which reflect our current views with respect to, among other things, future events and financial performance. You can identify these forward-looking statements by the use of forward-looking words such as “outlook,” “believes,” “expects,” “plans,” “estimates,” “targets,” “strategies” or other comparable words. Any forward-looking statements contained in this press release are based upon our historical performance and on current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by us or any other person that the future plans, estimates, targets, strategies or expectations contemplated by us will be achieved. Such forward-looking statements are subject to various risks and uncertainties, which include, without limitation: the impact of weakness in the economy; changes in the overall level of consumer spending; the possibility that we may be unable to compete effectively in our highly competitive markets; the possibility that cybersecurity breaches and other disruptions could compromise our information or result in the unauthorized disclosure of confidential information; weather conditions that could negatively impact sales; our ability to gauge beauty trends and react to changing consumer preferences in a timely manner; our ability to attract and retain key executive personnel; the possibility that the capacity of our distribution and order fulfillment infrastructure and the performance of our newly opened and to be opened distribution centers may not be adequate to support our recent growth and expected future growth plans; our ability to sustain our growth plans and successfully implement our long-range strategic and financial plan; the possibility that our continued opening of new stores could strain our resources and have a material adverse effect on our business and financial performance; the possibility of material disruptions to our information systems; changes in the wholesale cost of our products; the possibility that new store openings and existing locations may be impacted by developer or co-tenant issues; customer acceptance of our rewards program and technological and marketing initiatives; our ability to successfully execute our common stock repurchase program or implement future common stock repurchase programs; and other risk factors detailed in our public filings with the Securities and Exchange Commission (the “SEC”), including risk factors contained in our Annual Report on Form 10-K for the fiscal year ended January 28, 2017, as such may be amended or supplemented in our subsequently filed Quarterly Reports on Form 10-Q. Our filings with the SEC are available at www.sec.gov. Except to the extent required by the federal securities laws, the Company does not undertake to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:
Scott Settersten
Chief Financial Officer
(630) 410-4807

Laurel Lefebvre
Vice President, Investor Relations
(630) 410-5230

Karen May
Director, Public Relations
(630) 410-5457

Source: Ulta Beauty

James Franco becomes the face of Coach For Men, the new fragrance launching in September

James Franco becomes the face of Coach For Men, the new fragrance launching in September

 

NEW YORK, 2017-May-29 — /EPR Retail News/ — In a creative partnership with the storied American fashion house, Coach, Inc. (NYSE: COH, SEHK: 6388), and Coach Creative Director, Stuart Vevers, James Franco is announced as the face of Coach For Men, the new fragrance launching in September.

An actor, director, writer, artist and philanthropist, James Franco embodies the creativity, confidence, curiosity and innate style of the Coach Guy. He is dynamic, daring, magnetic and multifaceted. He is defined by harmonious dualities: rugged yet refined, fearless and brave yet thoughtful and grounded. He has a rebellious spirit—and it’s perfectly fitting that he once played James Dean.

“James is the quintessential-cool Coach guy. He’s handsome, there’s a bit of danger and he’s thoughtful and challenging, energetic and prolific,” Stuart Vevers said. “He represents so many of the references I’ve used at Coach—references of American style that resonate around the world.”

“Creativity is the way I engage with life. It’s the way I engage with other people and communicate, and it’s really the way I find meaning in life,” said James Franco. “I enjoyed collaborating with Stuart. There are a lot of references to Coach tradition in his designs, but with an added spin, and that idea is something I have done in my creative work.”

About Coach

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

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

Contact:
Tanya Brown
212.946.3822
tbrown@coach.com

SOURCE: Coach, Inc.

###

Majid Al Futtaim launches its 11th annual ‘Make A Difference’ campaign

Majid Al Futtaim launches its 11th annual ‘Make A Difference’ campaign

 

UAE, 2017-May-29 — /EPR Retail News/ — Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, today ( MAY 24, 2017) launched its 11th annual ‘Make A Difference’ campaign, which encourages the act of giving during the holy month of Ramadan.

Majid Al Futtaim’s Ramadan campaign promotes kindness within the community by allowing people to make a difference through the donation of everyday essentials to families in need. Donation items can include clothes, toys, books, food and electronics, which will help families across the region experience the spirit of the holy month.

This year, the ‘Make A Difference’ campaign, has been developed in line with the ‘Year of Giving’ in the UAE, an initiative by UAE’s President His Highness Sheikh Khalifa bin Zayed Al Nahyan, which promotes strategies and programs intended to celebrate the virtues of giving and cement philanthropy in the heart of the nation.

Alain Bejjani, Chief Executive Officer at Majid Al Futtaim – Holding, said: “We continue to be inspired by the UAE leadership’s commitment to introduce powerful and worthwhile initiatives like the ‘Year of Giving’. During Ramadan, we are embracing the act of giving with our annual campaign and hope that it plays its part in truly making a difference in people’s lives. The continuous success of the ‘Make A Difference’ Ramadan campaign each year is testament to the spirit of the local communities in which we operate and we hope the success of the campaign continues for many more years to come.”

Commencing on the first day of Ramadan and continuing into Eid, Majid Al Futtaim will have special donation boxes placed at its shopping malls, leisure and entertainment destinations, and Carrefour stores across Bahrain, Egypt, Lebanon, Oman, and the UAE. People can also follow the campaign on social media by using the #ShareTogether hashtag on Twitter, Facebook, LinkedIn and Instagram.

Majid Al Futtaim employees will also embrace the spirit of giving by taking part in a number of initiatives during the holy month. In collaboration with Red Crescent, employees will help less fortunate children celebrate the joy of Ramadan by hosting a special iftar for them. Employees will also host an iftar for workers at Majid Al Futtaim construction sites and will prepare gift packs for them as part of the ‘We’ve Got Your Back’ campaign. Ahead of the distribution of donated items at the end of the campaign, employees will gather with their families to fill the Eid boxes with the donations made.

Majid Al Futtaim will partner with Fetchr, the delivery service application, to make the donation process more seamless in the UAE. The partnership will enable customers to contribute to the ‘Make A Difference’ campaign, as Fetchr has committed to picking up donations and delivering them to Majid Al Futtaim destinations free of charge. Customers need to download the application and place a ‘send’ order using the standard service. They should then enter the pickup location and time, and enter the promo-code ‘Donate’ for free collection and delivery.

Across the region, Majid Al Futtaim is once again partnering with charitable organisations such as the Islamic Association in Bahrain, Ahl Masrin Egypt, Bassma and Al-Mabarrat Association in Lebanon, Dar Al-Atta in Oman, and Red Crescent in the UAE, ensuring timely and appropriate distribution of all donated goods through their humanitarian network during Ramadan. Last year, more than 13,000 people contributed more than 63,000 books, 46,500 toys, and 52,000 kilograms of clothes through the campaign and the company also received USD 84,868 (AED 311,699) in cash donations from customers.

Contact:
Phone: +9714 2949999

Source: MAJID AL FUTTAIM

###