Daily Archives: June 15, 2017

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UK: Argos raised £2million in two years on behalf of Macmillan Cancer Support

UK: Argos raised £2million in two years on behalf of Macmillan Cancer Support

Argos has raised an incredible £2million in two years on behalf of Macmillan Cancer Support, thanks to the dedication and support of its colleagues and customers across the UK

London, 2017-Jun-15 — /EPR Retail News/ — This amount will fund vital Macmillan nursing care at a local level, and equates to paying for 38 Macmillan nurses across the country to help those living with cancer for one year.

With the number of people living with cancer in the UK rising to 4 million by 2030, funding Macmillan nursing care is crucial. Macmillan nurses provide emotional, financial, medical and practical support which is a life line for many people living with cancer and their families.

With many at Argos holding the cause close to their hearts, Macmillan won the vote to become the retailer’s charity partner in 2015. Since then, colleagues and customers have thrown themselves head first into fundraising and volunteering – raising smiles as well as money along the way.

Always keen to don an adventurous fancy dress outfit, colleagues have dressed up and donated for Valentine’s Day, Easter, Halloween and Christmas. Many team members have even been brave enough to shave their heads for charity as well as taking on gruelling challenges like Tough Mudder, marathons and cycling events.

And over 400 Argos colleagues, including Chief Executive Officer John Rogers and members of the senior Argos team, are limbering up to take on the 26 mile-long ‘Mighty Hike’ challenges happening in scenic spots across the UK this summer.

In addition to ongoing activity, team Argos raised over £70,000 during its last ‘national collection’ in January 2017, which saw colleagues unite to raise funds in-store for Macmillan on the day of the new season’s range launch. They also raised over £50,000 during the World’s Biggest Coffee Morning in September last year.

John Rogers, CEO at Sainsbury’s Argos, said: “We’re so proud of the way that our colleagues and customers have come together over the past two years to raise such significant funds for Macmillan. It is a fantastic cause, close to the hearts of many of us at Argos, and raising £2million simply wouldn’t have been possible without the unstoppable enthusiasm that we have seen along the way.

“But it doesn’t stop here – we look forward to building on these efforts even further this year and are honoured to be able to make such a difference to people living with cancer across the UK.”

Natasha Parker, Head of Corporate Partnerships at Macmillan Cancer Support said, “We would like to say a heartfelt thank you to Argos colleagues and customers for their continued support and dedication. This incredible amount will make a real difference for many people living with cancer and their families who will benefit from the essential support Macmillan nurses provide. In so many cases, Macmillan nurses ensure that ‘life with cancer’, can still be a life. We really can’t thank you enough.”

SOURCE: Sainsbury’s

Contact:

press_office@sainsburys.co.uk
020 7695 7295

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The Michaels Companies, Inc. announces new share repurchase program for up to $500 million of its common stock

IRVING, Texas, 2017-Jun-15 — /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ: MIK) today (June 15, 2017) announced that its Board of Directors has authorized a new share repurchase program for up to $500 million of its common stock. This announcement is in advance of the Company’s Analyst Day presentation which is scheduled to begin today, June 15, 2017, at 8:30am ET.

Chuck Rubin, Chairman and Chief Executive Officer, said, “We are pleased to announce a new $500 million share repurchase authorization today. The retail-leading profitability and high returns on invested capital we have generated have resulted in a track record of strong and consistent free cash flow. In the last three years alone we have generated more than $1.5 billion in cash from operations, of which $500 million has been allocated towards share repurchases, and over $500 million towards debt reduction.”

Shares may be repurchased from time to time on the open market, through block trades or otherwise. The share repurchase program does not have an expiration date, and the timing and number of repurchase transactions under the program will depend on market conditions, corporate considerations, debt agreements, and regulatory requirements.

A live webcast of today’s investor event will be available at http://investors.michaels.com/. The webcast will be accessible for 30 days after the event.

About The Michaels Companies, Inc.:

The Michaels Companies, Inc. is North America’s largest specialty provider of arts, crafts, framing, floral, wall décor, and seasonal merchandise for the hobbyist and do-it-yourself home decorator.

As of April 29, 2017, the Company owned and operated 1,364 stores in 49 states and Canada under the brands Michaels, Aaron Brothers, and Pat Catan’s. The Michaels Companies, Inc., also owns Artistree, a manufacturer of high quality custom and specialty framing merchandise, and Darice, a premier wholesale distributor in the craft, gift and decor industry. The Michaels Companies, Inc. produces a number of private brands including Recollections®, Studio Decor®, Bead Landing®, Creatology®, Ashland®, Celebrate It®, ArtMinds®, Artist’s Loft®, Craft Smart®, Loops & Threads®, Make Market®, Foamies®, LockerLookz®, Imagin8®, and Sticky Sticks®. Learn more about Michaels at www.michaels.com.

SOURCE: The Michaels Companies, Inc.

Investor Contact:
The Michaels Companies, Inc.
Kiley F. Rawlins
CFA, 972-409-7404
Kiley.Rawlins@michaels.com

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

Financial Media Contact:
ICR, Inc.
Jessica Liddell
203-682-8200

Julia Young
203-682-8208
Michaels@icrinc.com

News Provided by Acquire Media

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IKEA U.S. 5,000 Dreams campaign to support newly arrived refugee families in America

The IKEA U.S. 5,000 Dreams campaign is working in partnership with three refugee organizations

Conshohocken, PA, 2017-Jun-15 — /EPR Retail News/ — IKEA U.S. announced today (June 14, 2017) that it has created a community donation program – a campaign called 5,000 Dreams – that will focus on supporting newly arrived refugee families in local IKEA store communities. Through three partner refugee organizations, IKEA will donate 5,000 beds and bedding* to refugee families who are making fresh starts with their families. The three established refugee organizations are the U.S. Committee for Refugees and Immigrants, the International Rescue Committee and the Ethiopian Community Development Council.

The current international refugee crisis is one of the greatest, most complex humanitarian challenges of our generation. Today, the number of people displaced from their homes by violence and persecution is unprecedented in human history. By the end of 2015, over 65 million people were forcibly displaced, with nearly a third–20 million–living outside of their countries as refugees.

“IKEA is committed to creating a better everyday life and that includes respecting the basic human rights of every individual. We believe every person has equal value and that the global family is strengthened when all of humanity is recognized,” commented Evamay Lawson, IKEA U.S. Community Relations Manager. Lawson added, “We are pleased we can make a difference in our community’s refugee families by donating beds and bedding to help make their new homes comfortable with a good night’s sleep.”

According to the National Heart, Lung, and Blood Institute, sleep helps your brain work properly. “While you’re sleeping, your brain is preparing for the next day. It’s forming new pathways to help you learn and remember information. Studies show that a good night’s sleep improves learning. It also supports healthy growth and development.”**

“The way IKEA has demonstrated leadership in service and support to refugees is so humbling. 5000 Dreams is more than just a warm, safe place to lay one’s head. It is a statement of solidarity and compassion for people who never expected to find themselves displaced. As an international business, they are setting a high bar for both business and government leaders to do all they can to support the uprooted,” stated Lavinia Limon, President/CEO, U.S. Committee for Refugees and Immigrants.

“ECDC’s resettlement network very much appreciates IKEA’s leadership in helping refugees. ECDC stands with IKEA U.S. in saying that refugees are welcome,” said Dr. Tsehaye Teferra, Director of ECDC. “After experiencing significant hardship, refugees are now rebuilding their lives and will have one of the most basic of comforts—a bed. ECDC welcomes this partnership with IKEA in welcoming refugees to their new life in America.”

“When refugees arrive in the U.S. they bring little to nothing with them,” said David Miliband, IRC president and CEO, “so the little things you and I might take for granted every day can make a huge difference in their comfort and in establishing the feeling of home. Now more than ever, the International Rescue Committee – and more importantly, the resilient refugees we serve – look to innovative partnerships like IKEA’s 5,000 Dreams to help refugees build a home here in America.”

Some publicly available information from HHS & Pew.
•Of the 84,995 refugees admitted to the United States in fiscal year 2016, the largest numbers came from the Democratic Republic of Congo, Syria, Burma (Myanmar) and Iraq. (Pew)
•Since 1975, the U.S. has resettled more than 3 million refugees, with nearly 77 percent being either Indochinese or citizens of the former Soviet Union. Since the enactment of the Refugee Act of 1980, annual admissions figures have ranged from a high of 207,116 in 1980, to a low of 27,100 in 2002. (HHS)

IKEA U.S. has been committed to helping its local communities through many social programs including Early Steps to School Success, Feeding the Future and the Life Improvement programs that benefit community schools, organizations and institutions which need a helping hand through IKEA product donations and IKEA co-worker volunteer support.

On a global level, since 2010, the IKEA Foundation has committed over $165 million*** (€148 million) to UNHCR to provide shelter, access to education, livelihood opportunities and renewable energy to families and children living in Ethiopia, Sudan, Chad, Kenya, Burkina Faso, Nepal, Pakistan, Bangladesh and Jordan. Working with the social enterprise organizations – Better Shelter and UNHCR – the IKEA Foundation has created a safer and more durable shelter. In 2015, UNHCR bought 10,000 shelters to house displaced families in several countries, including Greece, Iraq, Djibouti, Chad and Serbia. The IKEA Foundation Brighter Lives for Refugees campaign in IKEA stores globally raised $34.4 million (€30.8 million) in 2014 and 2015, to bring sustainable lighting, energy and education to refugee camps.

The IKEA Foundation recently created another refugee program with a positive societal impact; purchasing rugs from Jordan and partnering with local refugee social enterprises/foundations. This program will enable 200 Syrian refugee woman to produce saleable rugs through IKEA.

For more information, go to www.IKEA-USA.com/5000dreams

NOTE: IKEA U.S. will be working with 3 refugee agencies for the bulk of the donations, however 6 IKEA stores (Orlando, charlotte, West Chester, Portland, Round Rock & Memphis), will be working with local refugee organizations. IKEA Long Island is not participating due to lack of local refugee organization.

*5,000 beds will be donated between 2 years, 2017 and 2018
**https://www.nhlbi.nih.gov/health/health-topics/topics/sdd/why
***$1.12 US to one € (Euro)

IKEA
Since its 1943 founding in Sweden, IKEA has offered home furnishings of good design and function at low prices so the majority of people can afford them. There are currently more than 392 IKEA stores in 48 countries, including 44 in the U.S. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information see IKEA-USA.com, @IKEAUSANews, @IKEAUSA or IKEAUSA on Facebook, YouTube, Instagram and Pinterest.

U.S. Committee for Refugees and Immigrants
The U.S. Committee for Refugees and Immigrants has protected the rights and addressed the needs of persons in forced or voluntary migration worldwide for over 106 years. Our vision is that immigrants, refugees and uprooted people will live dignified lives with their rights respected and protected in communities of opportunity. In the United States our network is comprised of over 100 local agencies. Learn more at www.refugees.org

The International Rescue Committee
The International Rescue Committee responds to the world’s worst humanitarian crises, helping to restore health, safety, education, economic wellbeing, and power to people devastated by conflict and disaster. Founded in 1933 at the call of Albert Einstein, the IRC is at work in over 40 countries and 28 offices across the U.S. helping people to survive, reclaim control of their future, and strengthen their communities. Learn more at www.rescue.org and follow the IRC on Twitter & Facebook.

Ethiopian Community Development Council, Inc.
ECDC is one of nine resettlement agencies working in partnership with the Department of State and the Office of Refugee Resettlement to provide initial placement and support services to refuges being resettled in the United States. With a special focus on African refugees, ECDC promotes cultural, educational and socioeconomic development programs to assist refugees and immigrants in becoming productive members of their new homeland. For more information about ECDC visit http://www.ecdcus.org/ and follow ECDC on Facebook and Twitter.

SOURCE: IKEA

Contacts:

IKEA U.S.
Mona Astra Liss
610.834.0180/5852
Mona.Liss@IKEA.com
International Rescue Committee
Sean Piazza
646.761.0307
Sean.Piazza@rescue.org
Ethiopian Community Development Council, Inc.
Solace Duncan
703.685.0510 ext. 246
sduncan@ecdcus.org
U.S. Committee for Refugees and Immigrants
Stacie Blake
703.310.1166 / 727.215.8318
sblake@uscridc.org

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Grocer Gold awards: Asda the lowest priced supermarket for the 20th year running

Grocer Gold awards: Asda the lowest priced supermarket for the 20th year running

LEEDS, England, 2017-Jun-15 — /EPR Retail News/ — At the Grocer Gold awards on Tuesday evening, Asda was awarded the lowest priced supermarket of the year award – for the 20th year running.

Based on the Grocer 33 price basket survey that consists of 33 everyday supermarket items which change each week, Asda was ahead of the pack with 26 basket wins this year – 17 more than its closest rival. On Average, Asda was £5.79 cheaper each week– which could add up to over £300 a year for customers.

Asda’s most recent win this week included 20 of the cheapest products available, 9 of which were exclusively cheaper than its Grocer 33 peers.

At the Grocer Gold awards Roger Burnley, Asda’s deputy CEO and Chief Operating Officer, accepted the award and said: “We’re delighted to have been named the lowest price supermarket for the 20th year in a row. Offering great value to our customers week in, week out is at the heart of what we do and awards like this really drive us to keep working hard to do even better for them.”

SOURCE: ASDA

Media contact: 0113 826 2829

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Myfloralkart.com Is Now the Favorite Online Flowers Store in Delhi

New Delhi, India, 2017-Jun-15 — /EPR Retail News/ — Myfloralkart has emerged as the most popular online gift portal in Punjab and other North Indian states. With affordable pricing, great product line, and prompt delivery services, the company now excels in attaining unmatched customer satisfaction. The online store sells garden fresh exotic flowers, cakes, fruits, dry fruits, chocolates and a range of curated gifts for all occasions.

The company now has several bakeries, gift retailers and logistics partners across different locations in Punjab enabling buyers to send flowers online to Amritsar, Ludhiana, Sangrur, Patiala and many other regions. The company authorities follow ethical business practices to ensure the recipients get the freshest products at the desired delivery time.

From solo gift items to Serenades, the website offers full support to customize the orders and combination hampers allowing more power to the buyers. During a recent feedback survey by the site, the majority of the customers appreciated the delivery commitments and the product quality after using the site several times. The company now enjoys the credit of retaining a pool of returning customers for new orders.

The CEO of Myfloralkart.com said, “Our customer service team actively works in a collaborative effort so that everyone can enjoy gift delivery services from the comforts of their home anytime anywhere”.

Myfloralkart periodically releases coupons and offers on all popular coupon websites in India. The customers can redeem these offers to send Flowers to Jalandhar, Bathinda, Ambala, or any other location along with the other chosen gifts at discount prices.

About Company:

Myfloralkart.com is a reputed online gift store in India delivering cakes, flowers and combo packages across all locations in the country. The ever-growing customer base and ethical business venture with several branded sellers in different states has earned a decent name in the eCommerce industry for this company. To find more about the delivery services in your area, visit https://www.myfloralkart.com/.

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ENJOY A LUNCH TOTE WITH BUILT-IN ODOR ELIMINATION FROM METRIC PRODUCTS

CULVER CITY, CA, USA, 2017-Jun-15 — /EPR Retail News/ — Metric Products, a full-service, family-owned and operated company has just today launched their latest functional and high quality product, a Lunch Tote Bag. Metric Products works hard to design, create and manufacture a range of products that are functional and embody good design, simplicity, and unmatched beauty, and this new Lunch Tote Bag, with a revolutionary odor-eliminating pouch built right into its design, is no exception.

Passionate about developing products that provide simple fixes to life’s everyday struggles, Metric Products designed a tote bag that is portable, eye-catching, and functional with no unwanted food-related odors.

“Everyone knows that bringing lunch into school or work is a much healthier option than eating out at local food establishments,” said Rita Haft, Founder and Owner of Metric Products. “Since lunch bags tend to get smelly, owners throw them away and succumb to the allure of cafeteria food. With our new design, we’re hoping to thwart this desire and promote healthier eating.”

The new lunch tote fits all standard sized lunch boxes with extra space for drinks, while keeping all food and snacks at just the right temperature. At the same time, it eliminates any odors that come from new and used food in the compartments.

The product is designed with a durable zipper to keep all food and beverages secure. It also comes with an inside stash pocket to hold cutlery and other valuable kitchen utensils. Due to its origami design, the bag can be folded flat for incredibly easy storage.

“Most importantly, this is a reusable product that will help everyone mitigate their environmental footprint,” said Rita Haft. “Spread the word on the official launch of our new lunch tote, and head on over to Amazon.com to get a better visual of this on-the-go product solution.”

For more information, visit: https://www.amazon.com/dp/B07176FM86

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METRIC PRODUCTS RELEASES PREMIUM ANKLE STRAP PRODUCT FOR IMPROVED GYM PERFORMANCE

CULVER CITY, USA, 2017-Jun-15 — /EPR Retail News/ — Metric Products, a full-service, family-owned and operated company has just this week released their latest product, a Premium Ankle Strap. Metric Products works hard to design, create, and manufacture a range of products that are functional and embody good design, simplicity and unmatched beauty. This new Premium Ankle Strap is no exception and provides high quality glute kickback workouts at any type of fitness institution.

Designed specifically to partner with any type of cable machine that is hooked to the user’s ankle for glute-based exercises, the Premium Ankle Strap will come in a package of 2 that won’t require the consumer to remove and replace the straps each time they switch feet.

“Most products today come with just 1 singular strap, requiring the user to unstrap and re-strap the product every single time they rotate the exercise,” said Rita Haft, Founder and Owner of Metric Products. “We want people to be able to exercise with comfort and convenience today, which is why our high quality products are optimized for seamless application.”

Each one of the ankle cuff products comes with a coconut shell charcoal odor eliminator that removes odors generated from high intensity fitness activities. The pouches also act as natural air fresheners while the user is completing a workout.

Curated for determined fitness performance, the cuffs come with welded stainless steel loops, adjustable D-Rings and a superior-quality hook-and-loop fastening tape that will not give way or slide out of place in the middle of an exercise.

“Best of all, these are portable products that can be simply folded and stored for on-the-go travel, with a natural air freshener that keeps them smelling good anywhere at any time,” said Rita Haft. “Spread the word on the launch of our new product, and head on over to Amazon.com today to learn more about its dimensions.”

Contact: Katie Smith

For more information, visit: https://www.amazon.com/dp/B0713SM3HC.

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ENGLAND: Asda drops the price of fuel by up to 2ppl across both unleaded and diesel

ENGLAND: Asda drops the price of fuel by up to 2ppl across both unleaded and diesel

Asda cuts fuel to the lowest price since December 2016

Asda’s National Fuel Price Cap Cut Up To 2ppl Bringing Fuel Prices Down To 111.7ppl On Both Unleaded & Diesel

· Asda cuts up to 2ppl off fuel at its 305 filling stations across the country, meaning you will only pay 111.7ppl on both unleaded and diesel.

· Fuel prices are now the lowest since December 2016.

· Prices are effective from Friday 16th June.

LEEDS, England, 2017-Jun-15 — /EPR Retail News/ — Asda today (Thursday 15th June) announced that it will be dropping the price of fuel by up to 2ppl, bringing prices down to a new national price cap of 111.7ppl across both unleaded and at all 305 filling stations.

Effective from tomorrow (Friday 16th June), motorists will benefit from cheaper fuel prices driven by wholesale prices dipping to $48 a barrel. Asda again continues to be the first retailer to cut fuel prices and will be welcomed by the millions of drivers who will be planning the start of their summer holidays.

As the only retailer to have a national price cap in place, no driver will pay more than 111.7ppl for their fuel at any Asda filling station no matter where they fill up.

In Asda’s latest Income Tracker Report (http://corporate.asda.com/newsroom/2017/04/27/income-tracker-march-2017) vehicle fuel, one of the key essential items for consumers, increased by 17% year on year, caused by a combination of currency movement and an increase in worldwide oil prices, along with the continuous rise in inflation to 1.8%. Petrol prices had the largest impact on the rise of the cost of living for families.

Asda’s Head of Petrol Trading Dave Tyrer said: “Today’s latest move shows that Asda is once again leading the way in reducing the price at the pumps to help the millions of motorists across the UK. Our new national price cap of 111.7ppl on both unleaded and diesel will be welcomed by the millions of drivers who be starting to plan their summer holidays.”

RAC fuel spokesman Simon Williams said: “This is excellent news for motorists. But it’s particularly good to see a major supermarket reducing the price of diesel in line with petrol as the wholesale costs of both fuels are currently very similar.

“Motorists should now be able to fill up for less and make the most of the weekend’s fantastic summer weather.”

Luke Bosdet, AA spokesman said: “UK average petrol prices have been stuck at around 116.5p a litre for the past six weeks and drivers were wondering when they were going to see the benefit of lower oil prices. Asda’s move will hopefully break the logjam.

“Asda and some of the other supermarkets have been trading at 4p below the national average for some time, making them the go-to places for cheaper fuel.”

SOURCE: ASDA

Media contact: 0113 826 2829

 

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Overstock.com supports H.R. 2887, The No Regulation Without Representation Act

Company Urges Legislators to Resolve Cross Boarder State Tax Regulation

SALT LAKE CITY, 2017-Jun-15 — /EPR Retail News/ — Overstock.com, Inc. (NASDAQ:OSTK) spoke in favor of H.R. 2887, The No Regulation Without Representation Act, introduced by Rep. Sensenbrenner (R-WI) today (June 13, 2017 ).

The company added this bill to the list of “reasonable” federal legislation it supports to answer the increasingly contentious state tax measures designed to force remote retailers to collect local and state taxes, regardless of physical presence in the taxing state.  The bill has the additional benefit of decreasing the burden of states’ recent cross-border forays into other areas of interstate commerce regulation, such as in manufacturing, labeling and product sourcing.

In recent years in the tax area, states have discriminated against remote internet retailers, attempting to force remote internet sellers into a different scheme of tax regulation, based on assessment of sales taxes at the residence of the purchaser, and not at the place of sale, as is the case in all of store-based, retail sales tax collection.

“The problem is the states want remote internet retailers to collect at the rates for the customers’ residences and not at the cash register. This significantly complicates things,” said Overstock Board member Jonathan Johnson. “Under the states’ schemes of collecting at each customer’s residence, a remote retailer faces a morass of more than 12,000 state and local tax districts—all with special, ever-changing provisions, and each with individual audit authority. Imagine being subjected to 12,000 tax audits!”

The U.S. Constitution allows states to conscript retailers into sales tax collection, but only if retailers have “physical presence” in the taxing state. By being present in the state, retailers get many state and local benefits and have a say in representation, but a remote retailer without physical presence gets no benefit and has no representation. Therefore, where a retailer lacks physical presence, U.S. Supreme Court decisions forbid states from forcing these retailers to collect sales tax.

In recent years, states reluctant to shoulder the burden of tax collection, have become more aggressive in passing legislation stretching the definition of what constitutes “physical presence.” Some have even unfairly assessed remote retailers for uncollected sales taxes, claiming after the fact, that remote retailers ought to have collected under these states’ self-serving laws establishing new and unorthodox definitions of “physical presence.” Additionally, some states openly flaunt Supreme Court precedents hoping to provoke Congressional action.

Maybe they now have.
“The No Taxation Without Representation Act draws a clear line, codifying what states may and may not define as ‘physical presence,’” Johnson said. “It’s reached the point where states consider virtually anything as physical presence. That’s simply not the law, and the idea that a state-created, stretch-definition can regulate interstate commerce is not only repugnant to the U.S. Constitution, but poses a threat of state cross-border regulation in many other sectors as well.”

While Overstock strongly opposes any expansion of states’ cross-border regulatory powers, Overstock supports fair federal solutions to the states’ tax collection problem. For many years, the company has worked on and supported Congressional measures to create a fair system to allow states to collect through remote internet retailers. The company supported both The Remote Transactions Parity Act of 2015, introduced by Rep. Jason Chaffetz (R-UT), and The Online Sales Simplification Act of 2016, circulated in a discussion draft last year by Rep. Bob Goodlatte (R-VA), Chair of the House Judiciary Committee. The company sees both these measures, as proposed, as offering states what they need, but not at retailers’ expense.

Johnson said, “We can support these, and other measures like them, because they do the work of simplifying the impossibly complex, overlapping system of state tax collection. The successful solution must be fair and workable for states and retailers.”

The company noted it strongly opposed the Senate-passed Market Place Fairness Act of 2013 because it failed the fairness test by having a discriminatory effect on remote sellers and it offered no real tax simplification.

About Overstock.com

Overstock.com, Inc. Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures’ t0 platform : OSTKP) / Series B Preferred (OTCQB:OSTBP) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to hundreds of thousands of products from third-party sellers. Additional stores include Worldstock.com, dedicated to selling artisan-crafted products from around the world by giving them access to our national customer base. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock regularly posts information about the company and other related matters under Investor Relations on its website.

O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock and OVillage are registered trademarks of Overstock.com, Inc.  O.biz and Space Shift are also trademarks of Overstock.com, Inc.  Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact.  Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-K for the quarter ended December 31, 2016, which was filed with the SEC on March 3, 2017, and any subsequent filings with the SEC.

Media Contact:
Mark Delcorps
+1 (801) 947-3564
pr@overstock.com</a

Investor Contact:
ir@overstock.com

Source: Overstock.com, Inc./globenewswire

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Bora Payment Systems, Bottomline Technologies, CSI globalVCard, MineralTree and Priority Commercial Payments the first partners to obtain Visa Ready for Business Solutions approval

SAN FRANCISCO, 2017-Jun-15 — /EPR Retail News/ — Today (Jun. 13, 2017), Visa (NYSE:V) announced Visa Ready Program for Business Solutions, a strategic framework to help technology companies that integrate with Visa’s business-to-business (B2B) payment services and data solutions ensure that they meet Visa’s standards and are market ready. Bora Payment Systems, Bottomline Technologies, CSI globalVCard, MineralTree and Priority Commercial Payments are the first partners to obtain Visa Ready for Business Solutions approval, and to bring to market innovative Visa payments to financial institutions’ commercial customers.

Visa Ready for Business Solutions helps accelerate growth and enable new use cases in the B2B payments space. The program enables Visa’s technology partners to quickly integrate and approve an array of Visa B2B payments solutions, including enhanced data, virtual card integration, payables automation and payment controls. Upon successful completion of the approval process, partners may use Visa Ready mark in connection with the approved solution on their website and marketing collateral. They are also highlighted in Visa Ready Solution Directory.

“B2B payments innovation has been fueled by businesses always looking to simplify complexities and time spent associated with paying and getting paid, as well as expense reconciliation,” said Vicky Bindra, head, global products and solutions, Visa Inc. “With the introduction of the Visa Ready for Business Solutions program, we are coming together with our technology partners to help quickly and securely bring to life a variety of use cases to meet unique needs of financial institutions and their corporate businesses, large and small, and across different industries.”

Visa Ready for Business Solutions program participants have access to Visa’s tools and services, including Visa Developer Platform, to help support development of innovative commercial payment solutions. Unique Visa Ready use cases include:

  • Bora Payment Systems’ Buyer-Initiated Payments (BIP) architecture is integrated with Visa Supplier-Initiated Payment (SIP) APIs to help deliver faster, more automated and streamlined corporate payments
  • Bottomline Technologies’ payment network, Paymode-X is integrated with Visa’s commercial card solution, Visa Payables Solutions, to bring corporate clients a seamless experience that helps simplify payment automation and maximize cost savings, efficiency and security
  • CSI’s globalVCard paysystems® platform Visa API integration can enable Visa financial institutions to meet the rising demand for simple and secure electronic accounts payable solutions
  • MineralTree’s accounts payable and payment automation platform integration with Visa, using Visa APIs, helps middle market organizations drive more invoice payments to virtual cards
  • Priority Commercial Payments’ integration to Visa B2B APIs can help Visa financial institutions expand frictionless virtual card and straight-through-processing payments to drive more commercial card adoption and utilization in targeted verticals, such as construction, industrial manufacturing and retail

“The B2B payments industry landscape is relatively complex, replete with partnerships between multiple entities. Regardless of size, businesses do not typically understand how the pieces fit together or the potential benefits of integrated solutions,” said Steve Murphy, director, commercial and enterprise payments advisory service, Mercator Advisory Group. “The Visa Ready Program’s approach seems to be a logical method to enable transparency and security, while also providing businesses with the practical benefit of faster value recognition through streamlined implementation.”

The Visa Ready Program provides structure and clarity to allow partners to quickly introduce devices, software, and solutions that can initiate or accept Visa payments. In addition to Business Solutions, Visa offers Visa Ready Programs for mobile point-of-sale (mPoS), Internet of Things (IoT), and cloud-based payments providers. Last week, Visa also announced more than a dozen new Visa Ready token service partners to drive acceleration into consumer IoT payments.

About Visa

Visa Inc. (NYSE:V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead with prepaid or pay later with credit products. For more information, visit usa.visa.com/about-visa, visacorporate.tumblr.com and @VisaNews.

Contact:
Aida Hadzibegovic
415-805-4242
ahadzibe@visa.com

Source: Visa Inc.

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Visa enhances payment experiences at official FIFA stadiums

Visa upgrades fan experience at the FIFA Confederations Cup 2017 and debuts the latest payment technologies for fans in Russia.

SAN FRANCISCO, 2017-Jun-15 — /EPR Retail News/ — Visa (NYSE:V), the Official Payment Service Partner of FIFA, today (Jun. 13, 2017) announced that football fans attending the FIFA Confederations Cup 2017 will have a front row seat to enhanced payment experiences at official FIFA stadiums. Visa is implementing 1,600 point-of-sale terminals and deploying 120 mobile concessionaires throughout the stadium concourses, enabling a cash-free experience from kick-off to the final match. These enhancements ensure official FIFA stadiums are equipped with the latest in payment innovation, giving fans safe and secure ways to pay – whether it is a click, dip, tap or swipe.

Understanding football fans want to focus on the quality of play on the pitch, Visa is offering multiple ways to pay that will save fans even more time and give them the opportunity to get back to their seats to catch that dreaded missed goal, corner kick or red card:

  • Visa commemorative prepaid cards, which can be reloaded at contactless Alfa-Bank ATMs throughout the stadiums
  • Visa contactless credit or debit cards
  • Mobile payments with Visa at NFC-enabled terminals

As a global leader in payment innovation, Visa is also collaborating with Russia-based Alfa-Bank, the Official European Bank of the FIFA Confederations Cup 2017, to introduce a Visa NFC-enabled Alfa-Bank payment band, which is available for 1,000 Russian Ruble (approximately $18 USD) at Visa customer service booths throughout stadiums and reloadable using fan’s personal credit or debit cards. Select Visa and Alfa-Bank guests will also be able to use a payment ring for the first time at a FIFA event. The payment ring, attached to a prepaid card, features an embedded NFC-enabled antenna, enabling fans to tap to pay throughout Russia, anywhere contactless payments are accepted.

“As the Official Payment Service Partner of the FIFA Confederations Cup 2017, we are thrilled to bring fans some of the most innovative payment experiences from around the world, enabling them to go cashless at the tournament,” said Ekaterina Petelina, country manager, Visa Russia. “We understand that fans are there for the action on the field and that they value a simple payment experience that gets them back to their seats quickly so they can focus on the match.”

As the Official Payment Service Partner of the FIFA Confederation Cup 2017, Visa will be celebrating the spirit of football in Russia and is looking forward to showcasing the future of digital payments with fans from all over the globe. For additional information on Visa’s sponsorship of the FIFA Confederations Cup 2017, visit www.visa.com.

About Visa Inc.

Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead with prepaid or pay later with credit products. For more information, visit usa.visa.com/about-visa, visacorporate.tumblr.com and @VisaNews.

Contact:
Sheerin Salimi,
1-415-601-1583
shesalim@visa.com

Source: Visa Inc.

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Co-op Community Spaces Program to support community-based projects across Canada with increased funding of $2 million

Saskatoon, SK, 2017-Jun-15 — /EPR Retail News/ — In 2017, Canadians will celebrate the places and people that bring communities together — and Co-op is joining the party.

Donations totaling $2 million from the Co-op Community Spaces Program will support 27 community-based recreation, conservation and urban agriculture projects across British Columbia, Alberta, Saskatchewan and Manitoba.

“With increased funding in 2017, Co-op Community Spaces will reach more organizations and communities in a single year than ever before,” said Vic Huard, Executive Vice-President of Strategy with Federated Co-operatives Limited, which administers the program on behalf of the more than 190 independent retail co-operatives that form the Co-operative Retailing System in Western Canada.

“For generations, Co-op has invested in Western Canadian communities and we’re proud to continue that tradition through this innovative program, which is empowering local organizations, fostering community and enriching the places we call home.”

Local results

Since launching in 2015, Co-op Community Spaces has provided $4.5 million to more than 60 projects, including parks, community gardens and sports fields. Each is operated by a registered non-profit, charity or community service co-operative.

The 2017 Co-op Community Spaces projects include a waterfront park in Port Alberni, B.C, an outdoor athletic facility in Grande Prairie, Alta., a winter recreation hill in Saskatoon, Sask. and an educational farm in Brandon, Man.

Complete details about all of this year’s recipients are available at communityspaces.ca.

Source: CO-OP

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DDR and Madison International Realty announce recapitalization of DDR Domestic Retail Fund I, totaling $1.05 billion

BEACHWOOD, Ohio, 2017-Jun-15 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) and an affiliate of Madison International Realty today (June 14, 2017) announced the recapitalization of a joint venture with 52 shopping centers previously owned by DDR and various partners through the DDR Domestic Retail Fund I, totaling $1.05 billion.

Madison International Real Estate Liquidity Fund VI, an investment fund managed by Madison International Realty, acquired 80% of the common equity of the joint venture and an affiliate of DDR retained 20%. This ownership structure is consistent with the structure of the joint venture prior to the recapitalization and will be a long-term strategic partnership.  DDR will continue to provide leasing and management services.

The portfolio, totaling 7.0 million square feet, consists primarily of grocery anchored shopping centers located predominantly in Florida and the Southeastern United States and was originally formed in 2007.  Three properties previously held by the partnership have been excluded from the recapitalization and are being held in a separate joint venture with the previous partners of DDR Domestic Retail Fund I including DDR. The recapitalization includes the repayment of all outstanding mortgage debt previously held by the partnership with a new $707 million mortgage loan ($141 million at DDR share) secured by the 52 assets.

David Lukes, President and Chief Executive Officer of DDR, commented, “We are pleased to announce the closing of this transaction with Madison International.  The recapitalized venture will continue to drive our return on invested equity, demonstrates the sustainability of our joint venture business, and provides us the ability to add value to a property type with which this management team has extensive experience.”

“We are very pleased to be partnering with DDR. This venture is an exceptional opportunity and an excellent fit with our investment strategy.  Madison’s investment will allow existing partners to exit, Madison to expand its retail footprint, and DDR to continue its value creation strategy.  The portfolio consists of destination grocery-anchored centers located in Southeastern markets with growing populations and favorable demographics,” said Ronald M. Dickerman, Founder and President of Madison International Realty.

About DDR Corp.
DDR is an owner and manager of 309 value-oriented shopping centers representing 103 million square feet in 35 states and Puerto Rico. The Company owns a high-quality portfolio of open-air shopping centers in major metropolitan areas that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company actively manages its assets with a focus on creating long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR.

About Madison International Realty
Madison International Realty (www.madisonint.com) is a leading liquidity provider to real estate investors worldwide. Madison provides joint venture and preferred equity capital for real estate owners and investors seeking to create an exit strategy; or where existing sponsors seek to sell a portion of their ownership position and take on a partner. The firm provides equity for recapitalizations, partner buyouts and capital infusions; and acquires joint venture, limited partner and co-investment interests as principals. Madison invests only in secondary transactions and focuses solely on existing properties and portfolios in the U.S., U.K., and Western Europe. Madison has offices in New York, London and Frankfurt, Germany, where the firm operates under the name of Madison Real Estate Beteiligungsgesellschaft mbH.

Safe Harbor
DDR Corp. considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company’s expectation for future periods. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. For this purpose, any statements contained herein that are not historical fact may be deemed to be forward-looking statements. There are a number of important factors that could cause our results to differ materially from those indicated by such forward-looking statements, including, among other factors, local conditions such as supply of space or a reduction in demand for real estate in the area; competition from other available space; dependence on rental income from real property; the loss of, significant downsizing of or bankruptcy of a major tenant; redevelopment and construction activities may not achieve a desired return on investment; our ability to buy or sell assets on commercially reasonable terms; our ability to complete acquisitions or dispositions of assets under contract; our ability to secure equity or debt financing on commercially acceptable terms or at all; our ability to enter into definitive agreements with regard to our financing and joint venture arrangements or our failure to satisfy conditions to the completion of these arrangements; the success of our deleveraging strategy; and any impact or results from the Company’s portfolio transition or any change in strategy. For additional factors that could cause the results of the Company to differ materially from those indicated in the forward-looking statements, please refer to the Company’s Form 10-K for the year ended December 31, 2016. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Contact:

Phone: 216-755-5500
Fax: 216-755-1500

SOURCE: DDR Corp.

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Fuels Institute: It would take close to a decade for a new vehicle technology to reach market saturation

ALEXANDRIA, Va., 2017-Jun-15 — /EPR Retail News/ — It would take close to a decade for a new vehicle technology to reach market saturation, according to a new report released today (6/14/2017) by the Fuels Institute. The report, “New Technology Adoption Curves: A Case Study on Delivering E25-Capable Vehicles to Market,” demonstrates that it would be highly unlikely for a new vehicle powertrain optimized to operate on a gasoline blend containing 25% ethanol (E25) to achieve 20% market share by 2025, due directly to fleet turnover rates.

“To signal the fuels market to make a new fuel product broadly available, there must be a realistic expectation that demand will be sufficient to support the retail and distribution investments,” explained Fuels Institute Executive Director John Eichberger. “For this project, we selected a 20% share of vehicles on the ground to represent that signal. The study found that it would likely take many years, combined with very strong sales of these new vehicles in their first years on the market, to achieve this level of market penetration.”

The study, prepared by Navigant Research, calculates how many of these new vehicles must be sold each year to reach 20% fleet share by 2025 if the vehicles were first offered for sale in 2018, 2020 or 2022. The report shows, in each scenario, that vehicle sales in the first and subsequent years must be significant to achieve the model’s established targets. First-year sales of E25-capable vehicles would have to total 629,000 if introduced in 2018, 1.3 million in 2020 and 3.8 million in 2022. The ramp up in sales in subsequent years required to achieve 20% market share is equally significant.

“Because the existing light-duty fleet in the United States is so large, it will take a considerable amount of time for any new technology to reach market saturation,” Eichberger continued. “The report does not consider any elements other than sales and fleet turnover. It does not evaluate automaker production schedules, regulatory approval requirements or any other market introduction steps, each of which could add complexity and further delay market penetration. This study is simply a calculation of fleet turnover.”

“While we analyze E25-capable vehicles in this case study, the findings are applicable beyond E25,” Eichberger said. “It does not matter what technology or powertrain is being contemplated, as every change to the fleet will take time to affect the market.”

“New Technology Adoption Curves: A Case Study on Delivering E25-Capable Vehicles to Market” can be downloaded for free at fuelsinstitute.org

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

Source: NACS

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Loving Pets recalls limited number of dog treats that may be contaminated with Salmonella

Cranbury, NJ, 2017-Jun-15 — /EPR Retail News/ — Loving Pets of Cranbury, NJ is voluntarily recalling a limited number of dog treats because of the potential to be contaminated with Salmonella.

Salmonella can affect animals eating the products and there is risk to humans from handling contaminated pet products, especially if they have not thoroughly washed their hands after having contact with the products or any surfaces exposed to these products.

Healthy people infected with Salmonella should monitor themselves for some or all of the following symptoms: nausea, vomiting, diarrhea or bloody diarrhea, abdominal cramping and fever. Rarely, Salmonella can result in more serious ailments, including arterial infections, endocarditis, arthritis, muscle pain, eye irritation, and urinary tract symptoms. Consumers exhibiting these signs after having contact with this product should contact their healthcare providers.

Pets with Salmonella infections may be lethargic and have diarrhea or bloody diarrhea, fever, and vomiting. Some pets will have only decreased appetite, fever and abdominal pain. Infected but otherwise healthy pets can be carriers and infect other animals or humans. If your pet has consumed the recalled product and has these symptoms, please contact your veterinarian.

The lot numbers included are:

Loving Pets Barksters™

  • Item #5700 Sweet Potato and Chicken UPC 842982057005 – Lot # 021619
  • Item #5705 Brown Rice and Chicken UPC 842982057050 – Lot 021419

Loving Pets Puffsters™ Snack Chips

  • Item #5100 Apple and Chicken UPC 842982051003 – Lot 051219, 112118, 112918, 012719, 012519, 013019
  • Item #5110 Banana and Chicken UPC 842982051102 – Lot 112218, 112818, 112918, 013119
  • Item #5120 Sweet Potato and Chicken UPC 842982051201 – Lot 112818, 020119
  • Item #5130 Cranberry and Chicken UPC 842982051300 – Lot 020319, 112918, 020219

Whole Hearted™

  • Item #2570314 Chicken and Apple Puff Treats UPC 800443220696 – Lot 121418, 121918, 122318, 010419, 010619, 010519

No illnesses, injuries or complaints have been reported.

The possible Salmonella contamination was due to a single finished ingredient that was supplied to Loving Pets from a USA based supplier. This possible contamination was discovered by Loving Pets’ internal quality assurance team and was identified through the company’s standard quality control testing procedures and internal food safety program. Loving Pets produces its treats in small batches, in order to offer the highest quality and control in safety.

To ensure the safety of its products, Loving Pets decided to be extra cautious and recall a wider range of lot numbers (noted above) so that no possible contaminated product is available on the market.

Consumers may return any bag of treats with any of these aforementioned lot numbers to the retailer where the product was originally purchased. For additional information, please visit www.LovingPetsProducts.com or call 866-599-PETS (7387).

Consumers Contact:
866-599-PETS (7387)

Media Contact:
Cathy Vesey
609-655-3700

Erin Terjesen
602-625-2871
Propel Communications

Source: FDA

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Wildway LLC recalls certain grain-free granola products due to potential contamination of Listeria monocytogenes

San Antonio, Texas, 2017-Jun-15 — /EPR Retail News/ — Wildway LLC is voluntarily recalling certain grain-free granola codes, because the Company has been notified by an ingredient supplier that an ingredient used in these products has the potential to be contaminated with Listeria monocytogenes.

Listeria monocytogenes is an organism, which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Healthy individuals may suffer only short-term symptoms such as high fever, severe headaches, stiffness, nausea, abdominal pain and diarrhea. Listeria infection can cause miscarriages and stillbirths among pregnant women.

No illnesses have been reported in relation to this product at this time.

States Affected Product Size Lot Codes “Best By”
Nationwide Wildway Apple Cinnamon Grain-free Granola
UPC: 85866005190		 8 oz. 096 097 040618
040718
Nationwide Wildway Apple Cinnamon Grain-free Granola
UPC: 864352000015		 10 oz. 097 040718
Nationwide Wildway Banana Nut Grain-free Granola
UPC: 858660005176		 8 oz. 089
096
100		 033018
040618
041018
Nationwide Wildway Coconut Cashew Grain-free Granola
UPC: 858660005183		 8 oz. 090
096
101		 103117
110617
111117
Nationwide Wildway Coconut Cashew Grain-free Granola 10 oz. 090
096
102		 103117
110617
111117
Nationwide Wildway Vanilla Bean Espresso Grain-free Granola
UPC: 858660005206		 8 oz. 089
090		 033018
033118
AL, AZ, CA, CO, CT, D.C., DE, LA, MA, MD, ME, NH, NM, NJ, NV, NY, OK, PA, RI, TX, UT, VA and VT Trader Joe’s Grainless Granola (SKU 56307) 8 oz. 087
088
096
100		 032818
032918
040618
041018

The Item Description can be found on the center of the front or top label. The lot code can be found at the bottom of the back of the bags.

The potential for contamination was noted after an ingredient supplier revealed the possible presence of Listeria monocytogenes. The company subsequently identified the source of the issue and has corrected the matter.

We sincerely apologize for any inconvenience this may cause. Consumers should discontinue use of the product listed above and may return the product to the retail establishment it was purchased at for a refund. Consumers with further questions or concerns may call Customer Care at 1-844-617-8240 which is open 8:30 am-5:30 pm CST, Monday to Friday and you can leave a message after hours.

Consumers Contact:
1-844-617-8240

Source: FDA

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Whole Foods Market’s relocated Lexington store to open on June 23

LEXINGTON, Ky., 2017-Jun-15 — /EPR Retail News/ — Whole Foods Market’s relocated Lexington store, set to open Friday, June 23, at 4059 Finn Way, will feature a pub and an outside fire pit area, as well as expanded selections of local products and innovations across departments. The store will open its doors following an 8:45 a.m. bread-breaking ceremony.

“We are excited to share this store and its expanded features and product offerings with new shoppers and longtime Whole Foods Market customers alike,” said Melissa Arnett, the Lexington store’s team leader. “The store will include many new and locally sourced and seasonal products that meet our high quality standards. Whether you come for self-serve mochi, wood-fired pizza, local beer on tap at the Barn Door Tap Room or scratch-made bread, the store will be a new gathering place for the community.”

The store, designed to reflect Lexington’s rich history by using a reclaimed barn door and recycled bourbon barrel tops with pops of bold colors, will offer the highest quality natural and organic products, including fresh produce, meat, seafood and prepared foods. Every item meets Whole Foods Market’s rigorous quality standards and is free of artificial flavors, colors, sweeteners, preservatives and hydrogenated fats.

The 40,000-square-foot store includes:

  • The Barn Door Tap Room, which features a seasonal farm-to-table menu and 32 taps, many of which will offer local craft beer.
  • More than 75 local suppliers providing products, ranging from seasonal produce to fresh pasta to barbecue sauce.
  • Scratch bread made in-house with spent grain from Barrel House Distilling Co.
  • Expanded selection across all departments, with an emphasis on organic and locally sourced products.
  • Self-serve mochi ice cream bar.
  • Exclusive partnership with the Pie Queen of Bowling Green.
  • Outdoor seating with a fire pit.

Media preview tours will be held June 21 and 22 – Whole Foods Market representatives will be available for interview on site. Please contact MAmedia@wholefoods.com with questions, or to set up a store tour.

Contact:
SOmedia@wholefoods.com

Source: Whole Foods Market

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Taubman to report 2Q 2017 earnings on July 27, 2017

BLOOMFIELD HILLS, Mich., 2017-Jun-15 — /EPR Retail News/ — Taubman Centers, Inc. (NYSE: TCO) will announce its second quarter 2017 earnings after the market closes on July 27, 2017. The company will host a conference call to discuss these results on July 28, 2017 at 11 a.m. EDT.

Shareholders and interested parties may listen to a live broadcast of the conference call by dialing 1-866-820-1712 or 1-973-638-3468 and using reservation code 9675593 or by accessing the call online at http://investors.taubman.com/investors/investor-events-and-presentations. An online replay will be available for approximately 90 days.

A telephone replay will be available until August 11, 2017 and can be accessed at 1-855-859-2056 using reservation code 9675593.

About Taubman

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 27 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com.

For ease of use, references in this press release to “Taubman Centers,” “company,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. Forward-looking statements can be identified by words such as “will”, “may”, “could”, “expect”, “anticipate”, “believes”, “intends”, “should”, “plans”, “estimates”, “approximate”, “guidance” and similar expressions in this press release that predict or indicate future events and trends and that do not report historical matters. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, the company assumes no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks, uncertainties and other factors. Such factors include, but are not limited to: changes in market rental rates; unscheduled closings or bankruptcies of tenants; relationships with anchor tenants; trends in the retail industry; the liquidity of real estate investments; the company’s ability to comply with debt covenants; the availability and terms of financings; changes in market rates of interest and foreign exchange rates for foreign currencies; changes in value of investments in foreign entities; the ability to hedge interest rate and currency risk; risks related to acquiring, developing, expanding, leasing and managing properties; changes in value of investments in foreign entities; risks related to joint venture properties; insurance costs and coverage; security breaches that could impact the company’s information technology, infrastructure or personal data; the loss of key management personnel; shareholder activism costs and related business disruptions; terrorist activities; maintaining the company’s status as a real estate investment trust; changes in the laws of states, localities, and foreign jurisdictions that may increase taxes on the company’s operations; and changes in global, national, regional and/or local economic and geopolitical climates. You should review the company’s filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

Contact:
Ryan Hurren
Director
Investor Relations
Taubman
248-258-7232
rhurren@taubman.com

Maria Mainville
Director
Strategic Communications
Taubman
248-258-7469
mmainville@taubman.com

Source: Taubman Centers, Inc.

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Unter dem Motto “PENNY goes Party”startet der Discounter-Festival-Sommer

Mega-Stores auf Hurricane, Parookaville und Highfield

Koln, Deutschland, 2017-Jun-15 — /EPR Retail News/ — Die Musik- und Festival-Fans können sich dieses Jahr gleich dreifach freuen: Denn neben angesagter Musik von den heißesten Bands und DJs ist auch PENNY wieder mit von der Open Air Party-Partie. Das heißt für die mehrere Hunderttausend Fans von Hurricane (23.06. bis 25.06.), Parookaville (21.07. bis 23.07.) und – erstmals – Highfield (18.08. bis 20.8.) ein speziell auf die Festivals zugeschnittenes Sortiment an Lebensmitteln und Non-Food-Artikeln. Ganz gleich ob Grillfleisch, Getränke, Pizza, Sandwiches oder Zahnbürste, Deo, Sonnenschutzmittel und Bargeld, die bis zu 2.000 Quadratmeter großen PENNY-Stores bieten im feierfreundlichen Mehrschicht-Betrieb alles, was die Festival-Besucher benötigen oder vergessen haben. Typisch PENNY: Der Discounter zeigt sich auch auf den Groß-Partys als guter Nachbar und verkauft Lebensmittel und Non-Food zu discountüblichen Preisen.

„Bei uns zahlen die Festival-Besucher keinen Party-Zuschlag. Als echter Nachbar freuen wir uns, einen Beitrag zur sicherlich ausgelassen Stimmung vor Ort leisten zu können. Wir sind für unsere Kunden immer nah – auch in der Freizeit“, sagt Marcus Haus, PENNY-Marketingchef.

PENNY positionierte sich bereits in den vergangenen Jahren konsequent über das Thema „Nachbarschaft“. „Festivals passen sehr gut in unsere Strategie, zumal wir hier ein junges Publikum erreichen. Das sind unsere Kunden von morgen. Zum anderen erleben wir, dass innovative PENNY Eigenmarken bei dieser Zielgruppe besonders gut ankommen“, so Haus weiter. Vor diesem Hintergrund sei die Entscheidung gefallen, das Festival-Engagement konsequent auszuweiten und in diesem Jahr erstmals auch auf dem Highfield präsent zu sein.

PENNY erzielte 2016 allein in Deutschland mit rund 2.150 Filialen und 27.000 Mitarbeitern einen Umsatz von über sieben Milliarden Euro.

Für Rückfragen:
PENNY-Unternehmenskommunikation
Tel: +49 221 149 1050
Mail: presse@rewe-group.com

Source: REWE Group

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MIGROS ELGG FEIERT ERÖFFNUNG

MIGROS ELGG FEIERT ERÖFFNUNG

 

Gossau ,Switzerland, 2017-Jun-15 — /EPR Retail News/ — Am 22. Juni öffnet die Migros Elgg ihre Türen für die Kundschaft. Die neue Filiale bietet auf knapp 500m2 viel Frische sowie ein breites Sortiment für den Tageseinkauf.

Die Einwohnerinnen und Einwohner aus Elgg und Umgebung dürfen sich freuen: Nach eineinhalb Jahren Bauzeit ist das neue Wohn- und Gewerbehaus an der St. Gallerstrasse 16 in Elgg fertiggestellt. Der Migros-Supermarkt im Erdgeschoss feiert die Neueröffnung vom 22. bis 24. Juni mit Gewinnspielen und Spezialangeboten.

Entspanntes Einkaufen

Auffallendstes Merkmal der neuen Filiale ist der einladende Marktplatz mit einer grossen Auswahl an Früchten und Gemüse. Käse, Fisch, Fleisch und Charcuterie-Produkte in Selbstbedienung runden den Frischebereich ab. Grosszüge Platzverhältnisse und ein einladendes Ambiente sorgen für ein entspanntes Einkaufen. Dank der Aufbackstation profitiert die Kundschaft bis Ladenschluss von ofenfrischem Brot. 26 Parkplätze vor dem Supermarkt sowie die Lage direkt beim Bahnhof Elgg bieten einen zeitgemässen Einkaufskomfort. Die Migros Ostschweiz hat gut 2,1 Millionen Franken in den neuen Standort investiert und beschäftigt in Elgg insgesamt acht Mitarbeiterinnen und Mitarbeiter.

Fokus auf Kundenbeziehungen

Die Geschicke des neuen Supermarktes steuert Taip Ibraimi. Der 31-jährige Filialleiter startete seine Migros-Karriere vor 14 Jahren in Pfäffikon. In der darauffolgenden Dekade durchlief der junge Familienvater verschiedene Funktionen vom Fachverantwortlichen bis hin zum stellvertretenden Marktleiter. Seit einem Jahr wirkt er als Filialleiter in der Migros Wülflingen in Winterthur. Taip Ibraimi liegt viel an der Interaktion mit der Kundschaft. „Mit den Leuten zu reden und sie mit ihren Anliegen kennenzulernen, ist mir wichtig.“ Deshalb blickt er seiner Aufgabe in Elgg gespannt entgegen. „Wenn man an einen neuen Standort kommt und eine neue Filiale übernimmt, ist dies spannend und ungewiss zugleich. Man weiss nicht, wie es laufen wird oder wie die Kundschaft sein wird.“

Deshalb hat er sich ein kleines aber schlagkräftiges Team zusammengestellt, mit welchem er die Kundinnen und Kunden der Migros Elgg begeistern will. „Unser Service soll von Beginn an top sein“, so Taip Ibraimi. Verkaufsbereitschaft, Warenverfügbarkeit und Frische sind die Schlagwörter der Stunde. „Die Migros Elgg soll als freundlicher und frischer Laden mit motivierten Mitarbeitenden wahrgenommen werden.“

Nachhaltiges Bauen

Ein besonderer Fokus lag beim Bau der Migros Elgg darauf, materialökologisch sinnvolle Produkte zu verwenden. So wurde die Beleuchtung beispielsweise mit LED-Leuchten realisiert. Die Vorteile liegen auf der Hand: Eine höhere Lebensdauer bei gleichzeitig kleinerem Energieverbrauch und weniger Abwärme. Die Kühlmöbel gehören der neusten Generation an und sorgen dank mehr Effizienz für weitere Energieeinsparungen. Mit der Abwärme der Kälteanlagen wird der Supermarkt beheizt.

Attraktive Angebote

Von Donnerstag bis Samstag, 22. bis 24. Juni 2017, feiert die Migros Elgg Eröffnung. Morgens von 8 bis 10 Uhr erhalten alle Kundinnen und Kunden einen gratis Kaffee mit Gipfeli. Für nur 2.50 Franken gibt es jeweils ab 10.30 Uhr eine Bratwurst vom Grill mit Bürli, dazu kostenlos ein Aproz-Mineralwasser. Beim Gewinnspiel können attraktive Preise gewonnen werden. Zudem darf sich die Kundschaft auf eine süsse Überraschung sowie auf verschiedene Degustationen freuen.

Contact:
Genossenschaft Migros Ostschweiz
Herr Christian Possa
Kommunikation/Kulturprozent/Sponsoring
Industriestrasse 47
9201 Gossau
TEL: 071 493 24 92
FAX: 071 493 27 89
E-MAIL: christian.possa@gmos.ch

Source: Migros

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