Retailing Market to 2021: Consumption Volume, Value, Import, Export and Sale Price Analysis

Pune, India, 2017-Jun-19 — /EPR Retail News/ — Retailing SWOT Analysis And Forecast 2021

South Africa continued to face numerous economic and socioeconomic challenges during 2016. Factors such as exchange rate volatility, the declining availability of credit and inflationary pressures negatively affected the finances of many households. Despite the aforementioned challenges, many consumers remain aspirational, with demand remaining strong for essential fmcg, especially products which are in line with global trends. As a result of consistent demand from consumers, retail value growth…

Euromonitor International’s Retailing in South Africa report offers insight into key trends and developments driving the industry. The report examines all retail channels to provide sector insight. Channels include hypermarkets, supermarkets, discounters, convenience stores, mixed retailers, health and beauty retailers, clothing and footwear retailers, furniture and furnishing stores, DIY and hardware stores, durable goods retailers, leisure and personal goods retailers. There are profiles of leading retailers, with analysis of their performance and the challenges they face. There is also analysis of non-store retailing: vending; homeshopping; internet retailing; direct selling, as available.

Product coverage: Non-Store Retailing, Store-based Retailing.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Request For Sample Report @ https://www.wiseguyreports.com/sample-request/1200450-retailing-in-south-africa

Why buy this report?
* Get a detailed picture of the Retailing market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Euromonitor International has over 40 years’ experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Kellogg Co Performing strategic analysis and Expanding its business in Packaged Food

Pune, India, 2017-Jun-19 — /EPR Retail News/ — Kellogg Co in Packaged Food  

Kellogg Co Leading manufacture in Food Production is expected to grow its Business in Packaged Food.

Description

2016 has been another year of growth stasis for Kellogg as a result of the company’s overreliance on the North American breakfast cereals market. In order to turn around sales, Kellogg has taken a number of steps, including product reformulation, pushing into savoury and expansion into emerging markets, notably Egypt, Nigeria and lately also Brazil. The company should make better use of its acquisitions and joint venture agreements and use the distribution networks of these companies as vehicle…

Euromonitor International’s Kellogg Co in Packaged Food (World) Company Profile offers detailed strategic analysis of the company’s business, examining its performance in the Packaged Food market. The report examines company shares by region and sector, brand portfolio and new product developments, market and distribution strategies, challenges from the competition and future prospects. Use it to understand opportunities and threats facing the business and the factors driving success.

Product coverage: Baby Food, Baked Goods, Breakfast Cereals, Confectionery, Dairy, Edible Oils, Ice Cream and Frozen Desserts, Processed Fruit and Vegetables, Processed Meat and Seafood, Ready Meals, Rice, Pasta and Noodles, Sauces, Dressings and Condiments, Savoury Snacks, Soup, Spreads, Sweet Biscuits, Snack Bars and Fruit Snacks.

For any questions or Requirement you can write us @ https://www.wiseguyreports.com/sample-request/1253846-kellogg-co-in-packaged-food-world

Coffee Market in ASIA PACIFIC 2017 Industry Trends, Sales, Supply, Demand, Analysis & Forecasts to 2021

Pune, India, 2017-Jun-19 — /EPR Retail News/ — Despite having the lowest spend per consumer, Asia Pacific is the third largest contributor to the global coffee market. Driven by its large population and rising middle class, factors driving growth in Asia Pacific are different from those in North America and Western Europe.

Euromonitor International’s Coffee in Asia Pacific global briefing offers an insight into to the size and shape of the Hot Drinks market, highlights buzz topics, emerging geographies, categories and trends as well as pressing industry issues and white spaces. It identifies the leading companies and brands, offers strategic analysis of key factors influencing the market – be they new product developments, packaging innovations, economic/lifestyle influences, distribution or pricing issues. Forecasts illustrate how the market is set to change and criteria for success. The analysis can focus on both retail and foodservice.

Product coverage: Coffee, Other Hot Drinks, Tea.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Request For Sample Report @ https://www.wiseguyreports.com/sample-request/1264012-coffee-in-asia-pacific

Why buy this report?
* Get a detailed picture of the Hot Drinks market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Euromonitor International has over 40 years’ experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

CONTACT US:

NORAH TRENT

Partner Relations & Marketing Manager

sales@wiseguyreports.com

www.wiseguyreports.com

Ph: +1-646-845-9349 (US)

Ph: +44 208 133 9349 (UK)

Luxury Goods Market Global 2017 Industry Trends, Sales, Supply, Demand, Analysis & Forecasts to 2021

Pune, India, 2017-Jun-19 — /EPR Retail News/ — Luxury goods has entered a new phase, where conspicuous consumption is giving way to more meaningful luxury experiences. As consumers reassess their priorities, asking themselves what they truly value, a host of major trends have emerged: from the preference given to luxury experiences over “things”, to sustainable luxury. This report features key insights and the latest trends in luxury goods around the globe in 2016, including the growth of global wealth and its impact on the wider industry.

Euromonitor International’s Global Luxury Goods Overview global briefing offers an insight into the size and shape of the luxury goods industry, highlights buzz topics, emerging trends as well as pressing industry issues, their effects on luxury goods retailing in markets around the world and on the development of consumers’ shopping patterns. Forecasts illustrate how the market is set to change and criteria for success. In short, it identifies the opportunity zones within luxury goods industry

Product coverage: Designer Apparel and Footwear (Ready-to-Wear), Fine Wines/Champagne and Spirits, Luxury Eyewear, Luxury Jewellery, Luxury Leather Goods, Luxury Portable Consumer Electronics, Luxury Timepieces, Luxury Writing Instruments and Stationery, Super Premium Beauty and Personal Care.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Request For Sample Report @ https://www.wiseguyreports.com/sample-request/1253852-global-luxury-goods-overview

Why buy this report?
* Get a detailed picture of the Luxury Goods market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Euromonitor International has over 40 years’ experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

CONTACT US:

NORAH TRENT

Partner Relations & Marketing Manager

sales@wiseguyreports.com

www.wiseguyreports.com

Ph: +1-646-845-9349 (US)

Ph: +44 208 133 9349 (UK)

2017 Meijer LPGA Classic for Simply Give announces record donation of more than $1 million to support food pantries across Midwest

2017 Meijer LPGA Classic for Simply Give announces record donation of more than $1 million to support food pantries across Midwest

Representatives announce dates for fifth year tournament

GRAND RAPIDS, Mich., 2017-Jun-19 — /EPR Retail News/ — The fourth annual Meijer LPGA Classic for Simply Give concluded today (June 18, 2017) with a win by Canadian LPGA Professional Brooke M. Henderson and a record donation of more than $1 million to the retailer’s Simply Give program that stocks the shelves of its food pantry partners across the Midwest.

“The Meijer LPGA Classic has an incredible impact on our hungry neighbors, and it’s thanks to the ongoing community support that we met our goal of raising at least $1 million during this year’s tournament,” Meijer President & CEO Rick Keyes said. “We look forward to continuing this tradition again next year.”

The 2018 Meijer LPGA Classic will be held June 11-17 at Blythefield Country Club.

“On behalf of everyone at Meijer, we congratulate Brooke Henderson on a great win at the Meijer LPGA Classic,” said Cathy Cooper, Executive Director of the Meijer LPGA Classic. “Despite a few weather delays, it was a fantastic end to a wonderful week. This year’s tournament was once again fully embraced by the community.”

While final attendance figures are not yet available, representatives said the tournament continued to exceed expectations and will definitely meet the goal of raising at least $1 million for Simply Give.

In total, the four tournaments have generated more than $3.1 million – or 34.1 million meals – for the Meijer Simply Give program.

Meijer started Simply Give in November 2008 and has since generated more than $29 million for its food pantry partners. The contributions donated as a result of the Meijer LPGA Classic are due, in large part, to the generous Meijer customers who attended the tournament week events, and the sponsors who helped make the event a success.

The $1 million donation will be divided among the retailer’s 237 food pantry partners participating in the spring Simply Give campaign, which ended today.

“The Meijer Simply Give program is extremely important to our food pantry because it helps us to provide healthy and nutritious food to our neighbors,” said Waverly Knight, a director of the Northwest Food Pantry. “Without the program, our food pantry shelves would be empty. We thank Meijer for their willingness to have the Simply Give program and the community for their support in helping feed those in need.”

A crowd of enthusiastic fans braved the weather and lined the ropes at Blythefield Country Club June 13-18 to watch a competitive field of 144 world-class golfers play 72 holes of stroke play. Ultimately, Henderson shot 3-under par in the final round to claim the title as Meijer LPGA Classic champion. She won the tournament by two strokes – over Lexi Thompson and Michelle Wie – with a four-round 17-under par total.

Henderson dedicated this tournament to her father, who also happens to be her coach.

“I’ve said this win is for him, but it really is for him because I really wouldn’t have done it without him,” she said. “To have my fourth win is just super exciting, and I’m excited for the summer now. Thank you to Meijer for putting on such a great event, and I’m excited to come back next year to defend my title.”

About Meijer:

Meijer is a Grand Rapids, Mich.-based retailer that operates more than 230 supercenters and grocery stores throughout Michigan, Ohio, Indiana, Illinois, Kentucky and Wisconsin. A privately-owned and family-operated company since 1934, Meijer has a fundamental philosophy aimed at strengthening the communities it serves and proudly donates more than 6 percent of its net profit each year to charities throughout the Midwest. With hunger as a corporate philanthropic focus, Meijer partners with hundreds of food banks and pantries through its Simply Give and food rescue programs. Meijer also supports education, disaster relief, and health and wellness initiatives. For additional information on Meijer philanthropy, please visit www.meijercommunity.com. Follow Meijer on Twitter @twitter.com/Meijer and @twitter.com/MeijerPR or become a fan at www.facebook.com/meijer.

About Blythefield Country Club:

Located just north of Grand Rapids, Blythefield has been providing families the best golf and social experience in West Michigan since 1928. With the Rogue River flowing through, Blythefield boasts one of the most beautiful championship layouts in Michigan. Previously, Blythefield has hosted the 1953 Western Amateur, the 1961 Western Open, won by Arnold Palmer, and the 2005 Western Junior won by Rickie Fowler. Beginning in 2014, Blythefield is honored to host the Meijer LPGA Classic. Learn more about Blythefield Country Club at www.blythefieldcc.org.

SOURCE: Meijer

Contact:

Christina Fecher
616-735-7968
christina.fecher@meijer.com

 

PHILIPPINES: S Maison introduces unique dining and retail concepts

PHILIPPINES: S Maison introduces unique dining and retail concepts

Pasay City, Philippines, 2017-Jun-19 — /EPR Retail News/ — SM Supermalls’ 62nd mall, S Maison, has taken malling to a level that brings with it Epicurean dining and high fashion retail brands.

S Maison has introduced unique dining and retail concepts and is soon to launch more in the coming months to further excite travelers both local and foreign. Its ultimate tenant mix of 43% food and 57% retail and services ensures a taste of luxury and diversity.

With 90% of the mall leased, Steven Tan, Senior Vice President for SM Supermalls said that S Maison will soon welcome new dining brands such as Sarabeth’s of New York, a brunch spot frequented by Hollywood stars; Singapore casual bistro and café Olivia and Co. and something from home, SiamAroi, a sought after hole-in-the wall restaurant run by a Thai husband and wife tandem that serves authentic Thai cuisine which has its roots in Makati.

This joins the interesting mix of dining and cafe concepts already at the mall such as Chibo, Osaka’s most popular okonomiyaki brand; Mazendo, which serves authentic Taiwan style beef noodles; Singapore’s Paradise Dynasty which offers various flavors of xiao long bao, including the famous truffle and foie gras versions; Bijin Nabe by Tsukada Nojo which serves a special collagen hotpot; Starbucks Reserve, the first outlet that offers the Experience Bar or exotic coffee variants brewed according to the customer’s preference and Recession Coffee where you can dictate the price of a cup of coffee.

“SM Supermalls is always on the lookout for something new. We bring global specialty concepts from Japan, Singapore, and Taiwan, among many others, all establishing their first stores in the Philippines right here in S Maison, the 62nd of SM Supermalls. At the same time, we have world-class Filipino brands and services in S Maison,” Tan said.

More than food, S Maison’s interior is, in itself, a feast for the eyes. Located within the Conrad Manila’s two lower floors and spanning over 25,000 square meters, its sleek, dramatic yet modern interior  was recently feted by the Prix Versailles World Architecture Awards at the UNESCO Headquarters in Paris for design excellence in Interior Spaces, South Asia and the Pacific Shopping Malls category. Designed by Malherbe of France, S Maison’s interiors feature high-tech modernism with pearlescent Italian floors and iridescent metal accents to stimulate the feeling of being encased in a pearl.

“S Maison was created for people who want more spaces to relax and who are looking at our elevated retail offerings. It doesn’t compete with the hustle and bustle of the Mall of Asia but complements it,” Tan said. As a matter of fact, it offers a well curated assortment of retail brands not found at Mall of Asia, well-appointed beauty and wellness services, and Director’s Club cinemas to complete the shoppers’ S Maison experience.

The upscale mall is home to the Cole Haan, Zero Halliburton, True Religion and Paris Miki flagship stores, also to retail brands like De Novo Studio, Swiss Gear, Titan, Fully Booked, Digital Walker, Moressi, Rosa Clara, Yankee Candle, Empire Golf and Mega Blue Bird. Other retail brands like Pandora, Joseph; curated collections like Assembly; and branded services like Belo Medical Clinic, Teng Roma Salon and Gan Advanced Osseointegration Center (GAOC) have likewise made their way to S Maison.

Complementing the dining and retail options are three Director’s Club theaters that have a capacity of 38 seats per theatre with La-Z-Boy Power Recline XR+ seats equipped with a combination of reclining positions including stress free zero gravity.

“S Maison is a testament to SM Supermalls’ unwavering pursuit to deliver the most delightful of malling experiences,” Tan said during S Maison’s launch Wednesday night.

SM Supermalls is owned by SM Prime Holdings, Inc., the country’s largest integrated property developer. It is scheduled to open four more malls in the Philippines namely SM Cherry Antipolo in Rizal, SM Center Tuguegarao Downtown in Cagayan, SM City Puerto Princesa in Palawan and SM Center Lemery in Batangas this year. By the end of 2017, SM Prime will have 65 malls in the Philippines – 22 of which are in Metro Manila, 33 in Luzon outside of Metro Manila, five in the Visayas and five in Mindanao – and seven malls in China with an estimated combined GFA of 9.3 million sqm.

SOURCE: SM Investments Corporation

For further information, please contact

Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
E-mail: cora.guidote@sminvestments.com
Tel. No. 857-0117

2017 NACS Insight European Convenience Retail Technology Award presented to Valora

LONDON, 2017-Jun-19 — /EPR Retail News/ — Valora has won the 2017 European Convenience Retail Technology Award, sponsored by Verifone, a world leader in payments technology and commerce solutions. The award was presented during the NACS Insight Convenience Summit–Europe in London on June 14 at this year’s International Convenience Retailer Awards gala.

The award recognizes Valora, with more than 2,500 convenience and foodservice stores in Switzerland, Germany, Austria, Lux and France, for its k kiosk mobile loyalty application. Valora owns a broad network of kiosk formats across Europe, offering everyday convenience store merchandise, with more than 900 k kiosk locations in Switzerland in highly trafficked areas. Valora’s k kiosk app provides consumers with unique coupons, stamp cards and the highly innovative “share and care” feature. This feature creates a community of k kiosk app users interacting with each other; they have the ability gift treats like coffee, beverages and snacks to friends who also use the app technology.

“The award is a true recognition of our strong commitment to generate added value for our customers through new digital solutions,” said Michael Mueller, CEO of Valora Group. “With about 1.4 million daily customer contacts across the group, we are dedicated to drive customer loyalty through innovation. In order to do so, we are continuously building up digital talent—within our company and with the help of service providers such as Dealini, Liquid Barcodes and Nothing Interactive who supported us in the k kiosk app project.“

“Verifone is committed to innovative technologies and solutions, and applaud companies that are using technology to help gas stations and convenience stores enrich the consumer experience,” said Brad McGuinness, senior vice president of global petroleum systems for Verifone. “We are delighted to recognize Valora for improving upon an award-winning software platform with further enhancements, showing that they are ahead of the curve with mobile technology in Europe.”

The European Convenience Retail Technology Award recognizes a convenience retailing company that is pursuing a significant and compelling technology initiative that benefits European consumers, and is making long-term investments in technology innovation.

At the June 14 NACS Insight International Convenience Retail Awards ceremony, winners were also announced for the International Convenience Retailer of the Year and the European Convenience Retail Sustainability Award.

Now in its fourth year, the NACS Insight Convenience Summit–Europe (conveniencesummit.com) brings together convenience and fuel retailing industry professionals from around the world to discuss new ideas and gain new commercial connections. This year’s event kicked off in Zurich on June 10 with education and store tours and ends on June 15 in London.

Note to editors: Images available upon request.

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

NACS Insight 2017 International Convenience Retailer of the Year Award presented to SPAR Natural

​LONDON, Country, 2017-Jun-19 — /EPR Retail News/ — SPAR Natural has won the NACS Insight 2017 International Convenience Retailer of the Year Award for its SPAR Natural convenience store in Gran Canaria, Spain. The award, sponsored by Accenture, was presented during the NACS Insight Convenience Summit–Europe in London on June 14 at this year’s International Convenience Retailer Awards gala.

Launched in Gran Canaria, Spain, in January 2017, the retailer’s SPAR Natural format recognizes that trends in health and wellness are driving growth within the retail food industry, and is poised to grow significantly over the next five years. SPAR also recognizes the role that convenience stores can play in meeting the demands of today’s health-conscious consumers.

Judges agreed that SPAR Natural breaks new ground in health and wellness by providing a holistic approach to local customers seeking better health care, a healthier lifestyle and greater access to natural products and solutions for food intolerance. The convenience store communicates its healthy options with icons representing eight categories: Vegan (V+), Vegetarian (V), Organic (O), Gluten Free (GF), Wheat Free (WF), Dairy Free (DF), Lactose Free (LF) and Sugar Free (SF). In addition, store employees are able to share their expertise and answer customer questions about the products.

The store’s design utilizes natural materials and colors, and in-store signage throughout sets a relaxed tone that compliments SPAR’s brand proposition, “Life is better with a smile,” and the SPAR Natural slogan, “Eat healthy, live green, be free.”

Competition for this year’s Convenience Retailer of the Year Award was strong, with companies from Norway, South Africa, Germany, Ireland, Spain, Thailand, United Arab Emirates and the Netherlands selected by convenience and fuel retailing industry peers as finalists.

Also garnering Honorable Mentions from the Grand Jury were Maxol’s M3 Mulhuddart for large format location and Lekkerland Frischwerk for small format location.

The NACS Insight Grand Jury consisted of: Frank Gleeson, Aramark Ireland; Dan Munford, Insight Research; Michael Davis, NACS; Mark Wohltmann, NACS Europe; Joe Bona, MoseleyBona Retail; David Martin, M Worldwide; James Hallam, Accenture; Joe Barrett, Applegreen (2016 award winner); Santiago Ferreccio, YPF; and Markus Laenzlinger, Migrolino.

Since 2009, the NACS Insight International Convenience Retailer of the Year Award has recognized excellence in convenience and forecourt retailing on an international stage and celebrates the best convenience retail formats from around the world. Retailers are judged across key criteria including format innovation, range, people development, customer service initiatives, corporate social responsibility, technology and results.

Now in its fourth year, the NACS Insight Convenience Summit–Europe (conveniencesummit.com) brings together convenience and fuel retailing industry professionals from around the world to discuss new ideas and gain new commercial connections. This year’s event kicked off in Zurich on June 10 with education and store tours and ends on June 15 in London.

Note to editors: Images available upon request.

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

 

DICK’S Sporting Goods announces new stores in Milpitas, California and Oak Ridge, Tennessee

The retailer will celebrate with two grand opening celebrations

PITTSBURGH, 2017-Jun-19 — /EPR Retail News/ — DICK’S Sporting Goods (NYSE: DKS), the largest U.S.-based, full-line omni-channel sporting goods retailer, will be opening two new stores. Grand opening events will be held for stores in the following cities:

Milpitas, CA – June 16-18: The Great Mall of the Bay Area, 1200 Great Mall Drive, Milpitas, CA 95035

Oak Ridge, TN – June 30 – July 2: Main Street, 369 S. Illinois Ave., Oak Ridge, TN 37830

“We’re excited to expand our presence in Milpitas, California and Oak Ridge, Tennessee in the coming weeks,” said Lauren Hobart, President, DICK’S Sporting Goods. “The love for sports and the outdoors in these markets provide us with a great opportunity to serve residents in a way only we can. The new stores will carry a wide range of apparel, equipment and accessories and offer top-of-the-line in-store services tailored to the needs of each community.”

With the grand opening of these new stores, DICK’S will have 704 DICK’S locations in the country.

DICK’S will bring approximately 130 total jobs to these two communities through the hiring of full-time, part-time and temporary associates for these stores.

For each grand opening weekend, customers will receive the chance to win great prizes and meet several special guests such as San Jose ice hockey forward Patrick Marleau** in Milpitas, CA and former Tennessee defensive tight end and current professional football player in PhiladelphiaDerek Barnett** in Oak Ridge, TN.

Visit dicks.com/Milpitas and dicks.com/OakRidge for full details on the Grand Opening celebration, including giveaways, promotions, special guests and brand activations.

**WRISTBAND REQUIRED!  Wristbands are distributed on a first-come, first served basis beginning at store open on the day of event only. Limited Quantity. Limit one wristband per person.  Must be present to receive wristband.  Must have a wristband and must be in the Special Appearance line prior to the start of the appearance to receive an autograph.  Times and appearances are subject to change without notice. See store for details.

About DICK’S Sporting Goods, Inc.

Founded in 1948, DICK’S Sporting Goods, Inc. is a leading omni-channel sporting goods retailer offering an extensive assortment of authentic, high-quality sports equipment, apparel, footwear and accessories. As of April 29, 2017, the Company operated more than 690 DICK’S Sporting Goods locations across the United States, serving and inspiring athletes and outdoor enthusiasts to achieve their personal best through a blend of dedicated associates, in-store services and unique specialty shop-in-shops dedicated to Team Sports, Athletic Apparel, Golf, Lodge/Outdoor, Fitness and Footwear. Headquartered in Pittsburgh, PA, DICK’S also owns and operates Golf Galaxy and Field & Stream specialty stores, as well as DICK’S Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships. DICK’S offers its products through a content-rich eCommerce platform that is integrated with its store network and provides customers with the convenience and expertise of a 24-hour storefront.  For more information, visit the Press Room or Investor Relations pages atdicks.com.

CONTACTS:   

DICK’S Sporting Goods
724-273-5552
press@dcsg.com

Source: DICK’S Sporting Goods, Inc.

LightInTheBox 1Q 2017 financial results: Net revenues increased 8.0% year-over-year to $72.7 million

  • Net Revenues Increase 8.0% Year-over-Year
  • Conference Call to be Held at 8:00 AM ET on June 15, 2017

BEIJING, 2017-Jun-19 — /EPR Retail News/ — LightInTheBox Holding Co., Ltd. (NYSE: LITB) (“LightInTheBox” or the “Company”), a global online retail company that delivers products directly to consumers around the world, today(June 15, 2017) announced its unaudited financial results for the first quarter of 2017.

Financial Highlights

  • Net revenues increased 8.0% year-over-year to $72.7 million for the first quarter of 2017, above the high end of the Company’s guidance of $72.0 million.
  • Total operating expenses were $26.8 million for the first quarter of 2017, compared with $27.0 million during the same quarter last year.
  • For the second quarter of 2017, the Company expects net revenues to be in the range of $76.0 to $79.0 million, representing an increase of 15.8% to 20.3% year-over-year.

Mr. Alan Guo, Chairman and CEO of LightInTheBox, commented, “We are pleased to see that revenue exceeded the high-end of our guidance and grew on a year-over-year basis for the second consecutive quarter. Our success this quarter was a direct result of our persistence and the effectiveness of our strategy to improve our business through strengthened supply chain management, better product quality, and higher customer satisfaction.”

First Quarter 2017 Financial Results

Net revenues increased 8.0% year-over-year to $72.7 million from $67.3 million in the same quarter of 2016. Net revenues from product sales were $64.8 million, compared with $61.9 million in the same quarter of 2016. Net revenues from service and others were $7.9 million, compared with $5.4 million in the same quarter of 2016. As a percentage of net revenues, service and others accounted for 10.9% during the first quarter of 2017.

Total orders of product sales were 1.6 million for the first quarter of 2017, compared with 1.7 million in the same quarter of 2016. Total number of product sales customers was 1.2 million for the first quarter of 2017, compared with 1.4 million in the same quarter of 2016.

Product sales in the apparel category were $21.2 million for the first quarter of 2017, compared with $21.9 million in the same quarter of 2016. As a percentage of product sales, apparel revenues accounted for 32.8% for the first quarter of 2017, compared with 35.4% in the same quarter of 2016. Product sales from other general merchandise were $43.6 million for the first quarter of 2017.

Product sales from Europe were $33.5 million for the first quarter of 2017, compared with $36.5 million in the same quarter of 2016, representing 51.7% of total product sales for the first quarter of 2017. Product sales from North America were $17.4 million, compared with $19.6 million in the same quarter of 2016, representing 26.8% of total product sales for the first quarter of 2017, while product sales from other countries were $13.9 million, representing 21.5% of total product sales for the same quarter.

Total cost of revenues was $48.5 million in the first quarter of 2017, compared with $42.5 million in the same period of 2016. Cost for product sales was $41.0 million in the first quarter of 2017, compared with $37.6 million in the same period of 2016. Cost for service and others was $7.5 million in the first quarter of 2017, compared with $4.9 million in the same period of 2016.

Gross profit for the first quarter of 2017 was $24.2 million, compared with $24.8 million in the same period of 2016. Gross margin was 33.3% in the first quarter of 2017, compared with 36.8% in the same quarter of 2016.

Total operating expenses in the first quarter of 2017 were $26.8 million, compared with $27.0 million in the same quarter of 2016.

  • Fulfillment expenses in the first quarter of 2017 were $3.8 million, compared with $4.5 million in the same quarter of 2016. As a percentage of total net revenues, fulfillment expenses were 5.2% for the first quarter of 2017, compared to 6.7% in the same quarter of 2016 and 4.8% in the fourth quarter of 2016.
  • Selling and marketing expenses in the first quarter of 2017 were $15.2 million, compared with $14.2 million in the same quarter of 2016. As a percentage of total net revenues, selling and marketing expenses were 20.9% for the first quarter of 2017, compared to 21.1% in the same quarter of 2016 and 20.5% in the fourth quarter of 2016.
  • General and administrative (G&A) expenses in the first quarter of 2017 were $7.8 million, compared with $8.3 million in the same quarter of 2016. As a percentage of total net revenues, G&A expenses were 10.8% for the first quarter of 2017, compared with 12.3% in the same quarter of 2016 and 10.6% in the fourth quarter of 2016. G&A expenses in the first quarter of 2017 included $2.5 million in technology investments, compared with $3.5 million in the same quarter of 2016.

Loss from operations was $2.6 million in the first quarter of 2017, compared with a loss from operations of $2.2 million in the same quarter of 2016.

Net loss was $2.4 million in the first quarter of 2017, compared with a net loss of $2.1 million in the same quarter of 2016.

Net loss per American Depository Share (“ADS”) was $0.03 in the first quarter of 2017, compared with net loss per ADS of $0.04 in the same quarter of 2016. Each ADS represents two ordinary shares.

Non-GAAP net loss was $0.8 million in the first quarter of 2017, compared with non-GAAP net income of $0.9 million in the same quarter of 2016.

Non-GAAP net loss per ADS was $0.01 in the first quarter of 2017, compared with non-GAAP net income per ADS of $0.02 in the same quarter of 2016.

For the first quarter of 2017, the Company’s weighted average number of ADSs used in computing the loss per ADS was 68,880,539.

As of March 31, 2017, the Company had cash and cash equivalents and restricted cash of $85.1 million, compared with $91.1 million as of December 31, 2016.

Share Repurchase Program Extension

The Company’s Board of Directors has authorized the extension of its existing share repurchase program for an additional twelve month period. Upon such extension, LightInTheBox is authorized, but not obligated, to continue to repurchase up to the remaining balance of the US$10 million of its American Depositary Shares (“ADSs”) for an additional twelve months, from June 15, 2017 through June 14, 2018. As of March 31, 2017, the Company had repurchased a total of $1.0 million of its ADSs.

Share repurchases may be made by the Company from time to time in open market transactions at prevailing market prices or in privately negotiated transactions and are subject to relevant rules under the Securities Act of 1934, as amended (the “Act”). The Company will also effect repurchase transactions in compliance with Rule 10b5-1 under the Act and the Company’s insider trading policy. The share repurchase program will be funded with the Company’s cash from operations.

Business Outlook

For the second quarter of 2017, based on current information available to the Company and  business seasonality, the Company expects net revenues to be between $76.0 million and $79.0 million, which represents an increase of 15.8% to 20.3% year-over-year. These forecasts reflect the Company’s current and preliminary views on the market and operational conditions, which are subject to change.

Conference Call

The Company will hold a conference call at 8:00 a.m. Eastern Time on Thursday, June 15, 2017 to discuss its financial results and operating performance for the first quarter 2017. To participate in the call, please dial the following numbers:

US Toll Free: 1-866-519-4004
Hong Kong Toll Free: 800-906-601
China: 400-620-8038
International: +65-6713-5090
Passcode: 33730700

A telephone replay will be available two hours after the conclusion of the conference call through June 22, 2017. The dial-in details are:

US: +1-646-254-3697
Hong Kong: +852-3051-2780
International: +61-2-8199-0299
Passcode: 33730700

A live and archived webcast of the conference call will be available on the Investor Relations section of LightInTheBox’s website at http://ir.lightinthebox.com.

About LightInTheBox Holding Co., Ltd.

LightInTheBox is a global online retail company that delivers products directly to consumers around the world. The Company offers customers a convenient way to shop for a wide selection of products at attractive prices through its www.lightinthebox.com, www.miniinthebox.com and other websites and mobile applications, which are available in 23 major languages and cover more than 80% of global Internet users.

For more information, please visit www.lightinthebox.com.

Use of Non-GAAP Financial Measures

LightInTheBox uses non-GAAP net income (loss) and non-GAAP net income (loss) per basic and diluted ADS, each of which is a non-GAAP financial measure. Non-GAAP net income (loss) is net income (loss) excluding the foreign exchange impact on net revenues, share-based compensation and one-time expense. Non-GAAP net income (loss) per basic and diluted ADS is non-GAAP net income (loss) divided by weighted average number of basic and diluted ADS, respectively. The Company continuously monitors the impact of currency exchange rates on net revenues given that it is a global company and has exposure to a variety of currencies. Starting in the fourth quarter of 2014, there was a significant impact on net revenues from changes in foreign currency exchange rates against the U.S. dollar. Due to the nature of its business, the Company believes that excluding the impact of such fluctuations more appropriately reflects the Company’s results of operations, and provides investors with a better understanding of the Company’s business performance. The Company believes that separate analysis and exclusion of foreign exchange impact on net revenues and the non-cash impact of share-based compensation adds clarity to the constituent parts of its performance. The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses these non-GAAP financial measures for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measures are useful supplemental information for investors and analysts to assess its operating performance without the effect of foreign exchange impact on net revenues, non-cash share-based compensation expenses and one-time expense, which have been and will continue to be significant recurring expenses in its business. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company’s net loss for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similar titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” at the end of this release.

Forward-Looking Statements

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets” and similar statements. Among other things, statements that are not historical facts, including statements about LightInTheBox’s beliefs and expectations, the business outlook and quotations from management in this announcement, as well as LightInTheBox’s strategic and operational plans, are or contain forward-looking statements. LightInTheBox may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties.  Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: LightInTheBox’s goals and strategies; LightInTheBox’s future business development, results of operations and financial condition; the expected growth of the global online retail market; LightInTheBox’s ability to attract customers and further enhance customer experience and product offerings; LightInTheBox’s ability to strengthen its supply chain efficiency and optimize its logistics network; LightInTheBox’s expectations regarding demand for and market acceptance of its products; competition; fluctuations in general economic and business conditions and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in LightInTheBox’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and LightInTheBox does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

Ms. Xiaoyan Su
Tel: +86 (10) 5900 3429
Email: ir@lightinthebox.com

Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

SOURCE: LightInTheBox Holding Co., Ltd.

ChannelAdvisor Corporation sponsors Alibaba’s Gateway ‘17

Research Triangle Park, NC, 2017-Jun-19 — /EPR Retail News/ — ChannelAdvisor Corporation (NYSE:ECOM), a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to increase global sales, today announced that the company is a sponsor and will present at Gateway ‘17, an inaugural conference hosted by Alibaba to help U.S. businesses, brands, entrepreneurs and farmers explore growth opportunities and reach millions of Chinese consumers. Gateway ’17 will take place at the Cobo Center in Detroit, Michigan on June 20 – 21, 2017.

Sean Finnegan, Manager, Client Services at ChannelAdvisor will co-present “Jewel of the East: How a jewelry seller has found success in China” with Jewelry.com, a Berkshire Hathaway Company,  Director of Marketing Jon Azrielant. The session will be presented on Wednesday, June 21 from 12:45 – 1:15 p.m. CT in the Marketplace speaking area. Attendees will hear how Jewelry.com worked with ChannelAdvisor to sell on Tmall Global.“China is already the largest e-commerce market in the world and has continued to grow rapidly.  For many sellers, it’s no longer a question of ‘if,’ but rather, ‘when’ will they start to sell in China,” said David Spitz, ChannelAdvisor CEO. “We’ve partnered with Alibaba for several years now and we’re excited to help sellers explore Alibaba’s global network at Gateway ‘17.”

In addition to the session, ChannelAdvisor will exhibit at Gateway ‘17 at booth 9. To learn more about selling in China visit our blog.

About ChannelAdvisor

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

Contact:

Caroline Riddle
ChannelAdvisor
caroline.riddle@channeladvisor.com
919.439.8026

Source: ChannelAdvisor

The Wawa Foundation 2017 “Hero Award” finalists announced

Four Greater Philadelphia Area Non-Profits Will Be Celebrated During Wawa Welcome America! Festivities, Which Include Emily’s Entourage, Operation Yellow Ribbon South Jersey, Lighthouse, and West Philadelphia Alliance for Children

Wawa, PA., 2017-Jun-19 — /EPR Retail News/ — After receiving more than 125 submissions, The Wawa Foundation Inc., a registered 501(c)(3) non-profit founded to support Wawa’s charitable giving and philanthropic activities, is thrilled to announce the finalists for its 2017 “Hero Award,” an honor that will be given to a non-profit organization serving the greater Philadelphia area that assists others,and builds stronger communities through preserving our independence, protecting our safety and mentoring and inspiring our youth..

The four finalists are:
1) Emily’s Entourage
2) Operation Yellow Ribbon South Jersey
3) Lighthouse, Inc.
4) West Philadelphia Alliance for Children

Vote from June 15 – 29 to Help Choose a Winner
The winner will be chosen by public vote on The Wawa Foundation’s website from June 15 – 29. The organization receiving the most votes will be presented to The Wawa Foundation Hero Award Panel for final approval.

The Hero Award and Wawa Welcome America!
Launched during Philadelphia’s Wawa Welcome America! festivities, The Wawa Foundation Hero Award will be presented as part of the Independence Day morning ceremony on July 4th in front of Independence Hall. The recipient of The Wawa Foundation Hero Award will receive a $50,000 grant and the three runners up will each receive $10,000 grants.

“All of us at Wawa were truly inspired to hear about the work that so many area non-profits are doing to help others and improve their communities,” said The Wawa Foundation President Jared Culotta. “We can’t wait to celebrate these four non-profits during the Wawa Welcome America! festivities as they tell their stories of what it means to be a hero. We invite all who applied to stay connected with The Wawa Foundation to find out more about the support The Wawa Foundation offers to non-profit organizations in Wawa’s operating area.”

About the Finalists
Emily’s Entourage Faced with a rare form of the fatal lung disease, Cystic Fibrosis, Emily Kramer-Golinkoff has committed her life to fast-tracking research and drug development for nonsense mutations of Cystic Fibrosis (CF). Named a White House Champion of Change for Precision Medicine, Emily’s Entourage has raised over $2.5 million dollars since 2011 to fund groundbreaking research and lead the worldwide charge for a cure for nonsense mutations of CF. The growth and success of Emily’s Entourage is a testament to the strength of communities, most specifically the greater Philadelphia community, which has rallied behind this quest. Anchored in Philadelphia, Emily’s Entourage now includes supporters and volunteers from around the globe who are working together to accelerate the development of cutting-edge treatments that save the lives of Emily and others like her. Emily’s Entourage is harnessing the power and passion of communities to give people like Emily and many others like her hope for a future that they so fiercely deserve. Find out more at https://www.emilysentourage.org/

Operation Yellow Ribbon South Jersey
Operation Yellow Ribbon of South Jersey is an organization dedicated to supporting United States Military Forces serving in the Middle East by sending donated supplies to troops overseas, as well as promoting, coordinating and facilitating welcoming home events for local veterans. Over the past two years, the organization has shipped more than 100,000 pounds of care package goodies to deployed U.S. military members, including snacks and hygiene products many Americans take for granted back at home. For many troops deployed across the globe, having access to basic necessities like shaving cream, tooth brushes and deodorant is a luxury. Since its founding, Operation Yellow Ribbon of South Jersey has been connecting the amazing men and women of our U.S. military with a piece of home and a warm welcome upon their return. Find out more at: http://www.operationyellowribbonsouthjersey.org/

Lighthouse, Inc.
Since its founding in 1893 as a settlement house, the Lighthouse has been providing educational, recreational and economic improvement programs to families and individuals across North Philadelphia communities. From starting the first Meals on Wheels program in the nation to address the issue of senior hunger in the community to providing fun, educational after-school programming for more than 100 young students each year, the Lighthouse offers a wide array of services designed to help improve quality of life and guide young people to become contributing members of society. But in the many less-than-ideal neighborhoods that stretch across North Philadelphia and beyond, ensuring every child receives the attention and educational programming they need can be a challenge. The Lighthouse is constantly working to find new ways to stretch their offering to help chart a different course of direction for those who come from the most difficult backgrounds. Find out more at: http://lighthouse1893.org/

West Philadelphia Alliance for Children
The vast majority of Philadelphia public schools lack a functioning library, and nearly 40% of our students will drop out before graduating. Knowing the link between reading progress and dropout rates, the West Philadelphia Alliance for Children (WePAC) promotes childhood literacy by engaging volunteers in Philadelphia public schools through reopening and staffing libraries and offering academic mentoring to students in need. With its many dedicated volunteers and small staff, WePAC supports nearly 5,000 students each week by conducting read-alouds and helping children choose books that will engage them and keep them coming back for more. Through motivation and positive encouragement to learn and read, WePAC is helping to put students on the path to greater opportunity and prosperity. Find out more at: http://wepac.org/about/

About The Wawa Foundation “Hero Award” Submission Process
Non-profit organizations applied by submitting a video and/or a short story to The Wawa Foundation website that provided background on their organization’s work with, and impact on, the community. The Wawa Foundation Grant Committee selected four compelling stories of organizations serving the Philadelphia community with the best fit to the award focus area and criteria. The four finalists will be put to a public vote, and the organization receiving the most votes will be presented to The Wawa Foundation Hero Award Panel for final approval and determination. The winning organization will receive a $50,000 grant from The Wawa Foundation, and three runners-up will each receive $10,000 grants.

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

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

Source: WAWA Inc.

Brioni welcomes Nina-Maria Nitsche as its new Creative Director

London, 2017-Jun-19 — /EPR Retail News/ — Brioni and Kering are pleased to announce the appointment of Nina-Maria Nitsche as Creative Director of the House, effective 15 June 2017. Nina-Maria Nitsche will have creative responsibility of the House’s collections and image.

Nina-Maria Nitsche joined Maison Martin Margiela in 1989. For the following 23 years, she worked closely with the designer on the creative vision of the House. After the designer’s resignation, in 2009, Nina-Maria Nitsche took over the creative direction of Maison Martin Margiela.

Nitsche’s long experience and global creative perspective will enable her to reinforce the clarity of Brioni’s identity, emphasise its sartorial values and reinstate its pioneering heritage.

Brioni CEO Fabrizio Malverdi stated: “I am very pleased to welcome Nina-Maria Nitsche to the House of Brioni. Ever since I met her in 1996, I have been impressed by her creative approach, starting from a clearly defined concept and then transforming that into products that accurately resonate with the customer. Her point of view will allow the brand’s core values to prosper and yet inject a contemporary dialogue that will enable Brioni to evolve into the future.”

Nina-Maria Nitsche declared: “I am honored to collaborate with the House of Brioni. Thanks to its long sartorial history, Brioni has the potential to redefine its position as a unique luxury brand. The House’s philosophy is based on a pioneering approach to menswear. My aim is to reinforce and invigorate this longstanding tradition.”

François-Henri Pinault, Chairman and CEO of Kering, added: “I am delighted to welcome Nina-Maria Nitsche to Brioni and within Kering. Nina-Maria has a very accurate understanding of the Brioni man and she will bring a comprehensive and articulate creative vision to the House. I am sure that, together with Fabrizio Malverdi, she will build on the House’s tradition of exceptional craftsmanship to propel Brioni into a new dynamic.”

About Brioni
Founded in Rome in 1945, Brioni is recognized as the world’s most prestigious menswear couture house.

Under the leadership of CEO Fabrizio Malverdi, Brioni develops and manufactures sartorial ready-to-wear, leather goods, shoes, eyewear, and fragrances. The foundation of the company’s identity is the Bespoke service, entirely custom made garments with an unparalleled level of craftsmanship. Brioni products are distributed globally through directly-owned boutiques and a network of selected department & specialty stores. The company is part of the global Luxury group Kering, which develops an ensemble of luxury houses in fashion, leather goods, jewellery and watches, as well as sport & lifestyle brands.

About Kering
A global Luxury group, Kering develops an ensemble of luxury houses in fashion, leather goods, jewellery and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering encourages its brands to reach their potential, in the most sustainable manner.

The Group generated revenue of €12.385 billion in 2016 and had more than 40,000 employees at year end. The Kering share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

Press Contacts:

Kering
Emilie Gargatte
+33 (0)1 45 64 61 20
emilie.gargatte@kering.com

Renato Martinelli
+33 (0)1 45 64 66 00
renato.martinelli@kering.com

Astrid Wernert
+33 (0)1 45 64 61 57
astrid.wernert@kering.com

Brioni Press Office
+39  02   76 26 071
press.office@it.brioni.com

Analysts/investors
Claire Roblet
+33 (0)1 45 64 61 49
claire.roblet@kering.com

www.kering.com
www.brioni.com
Twitter: @KeringGroup / @Brioni_Official
LinkedIn: Kering / Brioni
Instagram: @kering_official / @Brioni_Official
YouTube: KeringGroup

Source: Kering Group

French designer Marine Serre of MARINE SERRE wins LVMH Prize for Young Fashion Designers for 2017

Paris, 2017-Jun-19 — /EPR Retail News/ — LVMH is pleased to announce that French designer Marine Serre of MARINE SERRE is the recipient of the LVMH Prize for Young Fashion Designers for 2017.

Jury members J.W. Anderson (Loewe), Nicolas Ghesquière (Louis Vuitton), Karl Lagerfeld (Fendi), Humberto Leon and Carol Lim (Kenzo), Phoebe Philo (Céline), Delphine Arnault (Executive Vice-President of Louis Vuitton), Jean-Paul Claverie (advisor to Bernard Arnault and Director or Corporate Sponsorship at LVMH) and Pierre-Yves Roussel (Chairman and Chief Executive Officer LVMH Fashion Group) awarded Marine Serre a 300,000 euro grant and a year-long mentorship program from the LVMH group.

Rihanna, a world-famous music celebrity and fashion icon, honored LVMH by presenting the two trophies of the Prize, designed by Jean-Michel Othoniel, to the winners.

In recognition of the exceptional talent present in this year’s competition, the jury awarded a special prize to Kozaburo Akasaka of KOZABURO. He wins a 150,000 euro grant and a year-long mentorship program from the LVMH group.

“The jury was impressed by Marine Serre’s work, which cleverly combines urban, sportswear and oriental inspirations, creating through these confrontations a unique aesthetic. We have also awarded Kozaburo Akasaka of KOZABURO  a special prize. The Japanese designer distinguished himself with his delicately deconstructed menswear.

The fourth edition of the LVMH Prize saw over 1,200 young talents from 90 countries compete. This success is evidence of the international scope of the event. I’m proud that the LVMH Group has placed the spotlight on their work and supports their development” says Delphine Arnault.

In addition, three fashion graduates have been awarded the Graduate Prize. The recipients for 2017 are: Mariam Mazmishvili from La Cambre in Brussels,Maija Meiro from Aalto University in Helsinki, and Robert Wallace from Central Saint Martins in London.

They will each receive 10,000 euro and will join Louis Vuitton, Kenzo and Céline respectively for one year. Additionally, LVMH offers each of their universities a 10,000 euro grant in acknowledgement of their excellence.

Last year, British designer Grace Wales Bonner was the recipient of the LVMH Prize, while Canadian designer Vejas was awarded the special prize.

THE WINNERS

LVMH Prize Winner: Marine Serre for MARINE SERRE
Special Prize: Kozaburo Akasaka for KOZABURO

Graduates:
Mariam Mazmishvili, La Cambre, Brussels.
Maija Meiro, Aalto University, Helsinki.
Robert Wallace, Central Saint Martins, London.

Contact:

LVMH Moët Hennessy – Louis Vuitton
22, avenue Montaigne, 75008 Paris – France
Tel: +33 (0)1 44 13 22 22
Fax: +33 (0)1 44 13 22 23

Source: LVMH

Cold Stone Creamery® celebrates summer with new Confetti Cupcake Ice Cream flavor

Confetti Cupcake Ice Cream and Party Like a Cupcake™ Creation are Available for a Limited Time Only

SCOTTSDALE, Ariz., 2017-Jun-19 — /EPR Retail News/ — Cold Stone Creamery®
(www.ColdStoneCreamery.com) is getting the party started with a fun new flavor to help celebrate summer. Confetti Cupcake Ice Cream hits stores June 14 and is available for a limited time only.

Confetti Cupcake Ice Cream is a creative take on a classic party favorite that combines sweet and creamy Ice Cream with all the colors of the rainbow to create a delicious new summertime flavor perfect for any celebration.

“Cold Stone Creamery is ready to celebrate the summer with our family and friends and what’s more iconic for those warm summer months than the cool freshness of Cold Stone® Ice Cream shared with the ones you love? We very much look forward to seeing all our guests enjoy themselves all summer long in stores nationwide as we launch our much-anticipated Confetti Cupcake Ice Cream,” said Kate Unger, senior vice president of marketing for Cold Stone Creamery. “This new flavor is made with festive edible Rainbow Glitter and fluffy Frosting. It’s fun and fresh and with the rave reviews behind our new Confetti Cupcake Ice Cream, we’ve taken it up a few notches and created the perfect summer treat with our Party Like a Cupcake™ Creation featuring Confetti Cupcake Ice Cream mixed with Kit Kat®, Rainbow Sprinkles, Yellow Cake and Cake Batter™ Frosting. We’ve essentially fashioned the perfect way for everyone to cool off and celebrate this summer! Join us!”

Promotional Creations™:
 Party Like a Cupcake™: Confetti Cupcake Ice Cream mixed with Kit Kat, Rainbow Sprinkles, Yellow Cake and Cake Batter™ Frosting

Confetti Cupcake Ice Cream and the Party Like a Cupcake™ Creation will be available June 14, 2017 through September 12, 2017.

To add to the celebrations, gift cards are also available for purchase in stores and online yearround. Please visit www.ColdStoneCreamery.com/giftcardsretail.

In addition, Cold Stone Creamery cakes and cupcakes can be ordered online at
www.ColdStoneCakes.com.

About Cold Stone Creamery
Cold Stone Creamery® delivers the Ultimate Ice Cream Experience® through a community of franchisees who are passionate about ice cream. The secret recipe for smooth and creamy ice cream is handcrafted fresh daily in each store, and then customized by combining a variety of mix-ins on a frozen granite stone. Headquartered in Scottsdale, Arizona, Cold Stone Creamery is owned by parent company Kahala Brands™, one of the fastest growing franchising companies in the world, with a portfolio of 22 quick-service restaurant concepts. The Cold Stone Creamery brand operates approximately 1,500 locations in over 28 countries.

For more information about Cold Stone Creamery, visit www.ColdStoneCreamery.com.

For more information about Kahala Brands, visit www.KahalaBrands.com.

CONTACT:
Jessica Benedick
Cold Stone Creamery
(480) 622-3349
jbenedick@kahalamgmt.com

Source: COLD STONE CREAMERY

CareClinic by Kaiser Permanente at Bartell Drugs now open at Gig Harbor, WA

High-quality and convenient health care services now available seven days a week at
13 CareClinics across Western Washington

SEATTLE, 2017-Jun-19 — /EPR Retail News/ — CareClinic by Kaiser Permanente at Bartell Drugs opened today at 5500 Olympic Drive, providing Gig Harbor and Key Peninsula residents with access to high-quality, convenient health care to get them well and on their way. This new location will provide treatment for minor illness and injuries, as well as preventive services from 9 a.m. to 7 p.m., seven days a week.

“Patients come to our CareClinics for quality and convenient care,” said Kaiser Permanente clinician Michael Erickson, CareClinic chief. “We’ve proven that CareClinics live up to the promise of quickly diagnosing and treating common ailments. We get you in, taken care of and on your way for an affordable price.”

CareClinics are open to everyone – both Kaiser Permanente members and nonmembers – ages 2 and up. They can bill your insurance plan or the cost is just $75 per visit for those without health coverage. Led by Kaiser Permanente care teams, services include treatment for minor illnesses and injuries, and routine preventive care such as vaccinations.

CareClinic patients who are Kaiser Permanente members can feel confident in knowing that their diagnosis and treatment plans are included in their secure electronic health record and shared with their care teams, allowing for a more coordinated care.  For those with other insurance plans, CareClinic can also share your records with your primary care provider for a seamless care experience.

Kaiser Permanente and Bartell Drugs now operate 13 CareClinic locations and plan to add two more by the end of the year. These clinics help to further Kaiser Permanente’s mission to provide high-quality, affordable health care services and to improve the health of the communities it serves.

The two additional CareClinic locations planned for 2017 include:

  • Snoqualmie Ridge – summer 2017
  • Redmond Town Center – summer 2017

“Bartell Drugs guests have told us they want the ability to get care and treatment as well as everyday necessities in one place,” said John Lewis, director of CareClinic Operations for Bartell Drugs. “That’s why we’re so excited to continue our expansion in order to offer our services to more communities around the region.”

For a complete list and more information on all the current CareClinics, visit care-clinic.org.

About Bartell Drugs

Family-owned since 1890, Seattle-based Bartell Drugs is proud of its more than 127-year history based here in the Northwest. Four generations of the Bartell family have continuously focused on the future — and how the drugstore chain can better serve its customers. With exceptional customer service, locally made products and a focus on your overall wellbeing, Bartell Drugs is here to help. Operating 65 locations in King, Snohomish and Pierce counties, it is the nation’s oldest family-owned drugstore chain.  For more information on Bartell Drugs, visit www.bartelldrugs.com.

About Kaiser Permanente

Kaiser Permanente is committed to helping shape the future of health care. We are recognized as one of America’s leading health care providers and not-for-profit health plans. Founded in 1945, Kaiser Permanente has a mission to provide high-quality, affordable health care services and to improve the health of our members and the communities we serve. We currently serve 11.8 million members in eight states and the District of Columbia. Care for members and patients is focused on their total health and guided by their personal physicians, specialists and team of caregivers. Our expert and caring medical teams are empowered and supported by industry-leading technology advances and tools for health promotion, disease prevention, state-of-the-art care delivery and world-class chronic disease management. Kaiser Permanente is dedicated to care innovations, clinical research, health education and the support of community health. For more information, go to: kp.org/share.

Contact:

1.877.BARTELL
(1.877.227.8355)

Source: Bartell Drugs

York Hannaford Supermarket & Pharmacy will host a Grand Reopening event on Saturday, June 24

Scarborough, Maine, 2017-Jun-19 — /EPR Retail News/ — The York Hannaford Supermarket & Pharmacy will host a Grand Reopening event on Saturday, June 24 to celebrate the completion of a renovation project that increased the store’s product variety, with 200 new organic and natural items, 300 additional grocery offerings and many new meal choices created in-store.

“This remodel has made it even easier for customers to find a great meal,” said Store Manager Melanie Daigle. “Our Hannaford Kitchen offers choices such as signature grilled cheese sandwiches, burritos, paninis salad, wings, hand-made sandwiches, and other meal offerings prepared fresh at the York Hannaford.”

The store also now offers the convenience of a drive-through pharmacy and a consultation room, where customers can talk privately with their pharmacist about medication or receive a vaccination.  The supermarket also features Hannaford To Go, a service where customers can order their groceries online and pick them up at the store.

What: York Hannaford Grand Reopening Celebration
When: Saturday, June 24, starting at 7 a.m.
Where: 5 Hannaford Drive, York
Details: First 300 shoppers will receive a gift card randomly valued between $5 and $250; product sampling; sweepstakes with a chance to win up to $500 in groceries; and other activities.

In conjunction with the event, the York Hannaford is donating $1,000 each to three local organizations:
• York Food Pantry
• York Parks and Recreation
• Footprints Food Pantry

“Our customers will really enjoy the expanded product selection and the new decor,” Daigle said.  “We hope that everyone will join us to see all that their York Hannaford has to offer.”

About Hannaford Supermarkets
Hannaford Supermarkets, based in Scarborough, Maine, operates 180 stores in the Northeast. Stores are located in Maine, New York, Massachusetts, New Hampshire, and Vermont. Hannaford employs more than 26,000 associates. Additional information can be found at www.hannaford.com.

Contact:
Eric Blom
207-885-3132

Source: Hannaford Supermarkets

John Devine Drive Hannaford to reopen newly renovated store on June 24

Scarborough, Maine, 2017-Jun-19 — /EPR Retail News/ — The Hannaford Supermarket & Pharmacy on John Devine Drive in Manchester will host a Grand Reopening event on Saturday, June 24 to celebrate the completion of a renovation project that brought a variety of improvements to the store, including a full Hannaford Kitchen with café seating area.

“Customers can linger in the café with their made-to-order meal or grab a just-prepared item to go if they are in a hurry,” said Store Manager Lisa Lessard.  “The Kitchen offers a wide variety of meal choices, including stir-fry, brick-oven pizza, sushi, signature sandwiches, burritos, paninis and expanded salad-bar offerings.”

What: John Devine Drive Hannaford Grand Reopening Celebration
When: Saturday, June 24, starting at 7 a.m.
Where: 201 John E. Devine Drive, Manchester
Details: First 300 shoppers will receive a gift card randomly valued between $5 and $250; product sampling; and other activities.

The renovated store has a fresh new look, and there are a variety of additional offerings, including fine cheese and a la carte desert offerings such as brownies and min tarts in the Bakery.  The store’s pharmacy also has been renovated. Two new consultation rooms provide privacy for customers who want to discuss medication with their pharmacist or get a vaccination.

The supermarket also features Hannaford To Go, a service where customers can order their groceries online and pick them up at the store.

In conjunction with the event, the John Devine Hannaford is donating $5,000 to Manchester South Little League for the purchase of a new scoreboard.

“We hope that everyone will join us to see all that their John Devine Hannaford has to offer,” Lessard said.

About Hannaford Supermarkets
Hannaford Supermarkets, based in Scarborough, Maine, operates 180 stores in the Northeast. Stores are located in Maine, New York, Massachusetts, New Hampshire, and Vermont. Hannaford employs more than 26,000 associates. Additional information can be found at www.hannaford.com.

Contact:
Eric Blom
207-885-3132

Source: Hannaford Supermarkets

Kroger stores in the Atlanta ratifies new labor agreements with UFCW Local 1996

ATLANTA, 2017-Jun-19 — /EPR Retail News/ — The Kroger Co. (NYSE: KR) Atlanta division associates working at Kroger stores in the Atlanta metro and surrounding area have ratified new labor agreements with UFCW Local 1996.

“We are pleased to reach agreements that are good for our associates. These agreements provide good wage increases, affordable health care and stable pension funds to support our associates’ retirement,” said Bruce Lucia, president of Kroger’s Atlanta division. “These agreements come after thoughtful and productive work by both the company and union bargaining committees. I want to thank our associates for supporting these agreements and for the excellent service they provide to our customers every day.”

The contracts cover over 28,000 Kroger associates working in 164 stores in the Atlanta area and 11 stores in Savannah.

At The Kroger Co., we are dedicated to our purpose: to Feed the Human Spirit SM. We serve eight and a half million customers and 443,000 associates who shop or serve in 2,792 retail food stores under a variety of local banner names in 35 states and the District of Columbia. Our Family of Companies operates an expanding ClickList offering – a personalized order online service – in addition to 2,255 pharmacies, 782 convenience stores, 311 fine jewelry stores, 220 retail health clinics, 1,453 supermarket fuel centers and 38 food production plants in the United States. Our Company has been 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. As a leader in supplier diversity, we are a proud member of the Billion Dollar Roundtable.

SOURCE: The Kroger Co.

BJ’s Restaurants, Inc. to participate at the Oppenheimer 17th Annual Consumer Conference

HUNTINGTON BEACH, Calif., 2017-Jun-19 — /EPR Retail News/ — BJ’s Restaurants, Inc. (NASDAQ:BJRI) will be presenting at the Oppenheimer 17th Annual Consumer Conference at the Four Seasons Hotel in Boston, Massachusetts.  The Company’s presentation is scheduled to begin at approximately 11:00 am (Eastern) on Wednesday, June 21, 2017, and will be broadcast live over the Internet.  Interested parties may listen to the presentation at the Company’s website located at http://www.bjsrestaurants.com. The presentation can be accessed by clicking on the “Investors” link from the Company’s home page followed by the “Presentation” link. An archive of the webcast will be available following the live presentation.

BJ’s Restaurants, Inc. currently owns and operates 193 casual dining restaurants under the BJ’s Restaurant & Brewhouse®, BJ’s Restaurant & Brewery®, BJ’s Pizza & Grill® and BJ’s Grill® brand names. BJ’s Restaurants offer an innovative and broad menu featuring award-winning, signature deep-dish pizza complemented with generously portioned salads, appetizers, sandwiches, soups, pastas, entrees and desserts, including the Pizookie® dessert. Quality, flavor, value, moderate prices and sincere service remain distinct attributes of the BJ’s experience. All restaurants feature BJ’s critically acclaimed proprietary craft beers, which are produced at several of the Company’s Restaurant & Brewery locations, its two brewpubs in Texas and by independent third party craft brewers. The Company’s restaurants are located in the 24 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Virginia and Washington. Visit BJ’s Restaurants, Inc. on the Web at http://www.bjsrestaurants.com for locations and additional information.

For further information, please contact:
Greg Levin
BJ’s Restaurants, Inc.
(714) 500-2400
JCIR
(212) 835-8500
bjri@jcir.com.

Source: BJ’s Restaurants, Inc./globenewswire

BJ’s Restaurants announces the opening of its new restaurant in Bloomington, Indiana

HUNTINGTON BEACH, Calif., 2017-Jun-19 — /EPR Retail News/ — BJ’s Restaurants, Inc. (NASDAQ:BJRI) today (June 13, 2017) announced the opening of its restaurant in Bloomington, Indiana. The new BJ’s Restaurant opened on Monday, June 12, 2017, on a free standing pad on an out parcel at College Mall. The restaurant is approximately 7,500 square feet, seats approximately 230 guests and features BJ’s extensive menu, including BJ’s signature deep-dish pizza, award-winning handcrafted beer and famous Pizookie® dessert. BJ’s unique, contemporary décor provides the perfect environment for all dining occasions. Hours of operation are from 11:00 a.m. to 12:00 midnight Sunday through Thursday, and 11:00 a.m. to 1:00 a.m. Friday and Saturday.

“We are pleased to open our sixth 2017 restaurant in Bloomington, Indiana,” commented Greg Trojan, President and CEO. “Our Bloomington restaurant is our fifth restaurant in the state of Indiana and joins our Avon, Greenwood and our recently opened Noblesville and Fort Wayne restaurants. We remain on target to open four more restaurants this year with the next opening in Fredericksburg, Virginia at the end of this month.”

As with all of our new restaurant openings, BJ’s invited members of the Bloomington community to attend a soft opening event prior to our grand opening. As our team members put the final touches on the restaurant, invited guests were treated to complimentary food and had the opportunity to make a voluntary donation to the Cystic Fibrosis Foundation (“CFF”), a very important charity to BJ’s. Additionally, BJ’s donated the proceeds of all alcohol purchases during the soft opening event to BJ’s Restaurants Foundation, a non-profit organization that supports charities that are important to our team members around the country.

BJ’s Restaurants, Inc. currently owns and operates 193 casual dining restaurants under the BJ’s Restaurant & Brewhouse®, BJ’s Restaurant & Brewery®, BJ’s Pizza & Grill® and BJ’s Grill® brand names. BJ’s Restaurants offer an innovative and broad menu featuring award-winning, signature deep-dish pizza complemented with generously portioned salads, appetizers, sandwiches, soups, pastas, entrees and desserts, including the Pizookie® dessert. Quality, flavor, value, moderate prices and sincere service remain distinct attributes of the BJ’s experience. All restaurants feature BJ’s critically acclaimed proprietary craft beers, which are produced at several of the Company’s Restaurant & Brewery locations, its two brewpubs in Texas and by independent third party craft brewers. The Company’s restaurants are located in the 24 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Virginia and Washington. Visit BJ’s Restaurants, Inc. on the Web at http://www.bjsrestaurants.com for locations and additional information.

Certain statements in the preceding paragraphs and all other statements that are not purely historical constitute “forward-looking” statements for purposes of the Securities Act of 1933 and the Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbors created thereby. The “forward-looking” statements contained in this press release are based on current assumptions and expectations and BJ’s Restaurants, Inc. undertakes no obligation to update or alter its “forward-looking” statements whether as a result of new information, future events or otherwise. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements contained in the Company’s filings with the Securities and Exchange Commission, including its recent reports on Forms 10-K, 10-Q and 8-K.

For further information, please contact:
Greg Levin
BJ’s Restaurants, Inc.
(714) 500-2400
JCIR
(212) 835-8500
bjri@jcir.com.

Source: BJ’s Restaurants, Inc./globenewswire

Panera Bread now an industry-leading restaurant e-tailer; surpassed $1 Billion in digital sales

Digital Investments Enable a Personalized and Enhanced Guest Experience

ST. LOUIS, 2017-Jun-19 — /EPR Retail News/ — Digital sales at Panera Bread Company (NASDAQ: PNRA) – those made via mobile, web, or kiosk – have surpassed $1 Billion on an annualized basis and could double in 2019. Since the inception of its Panera 2.0 program in 2014, the company has emerged as an industry-leading restaurant e-tailer. Panera’s end-to-end digital pathways, including Rapid Pickup, Fast Lane Kiosks, Catering and Delivery, enable a better guest experience for people to eat the way they want.

As of the end of Q1 2017, system-wide digital sales were 26 percent of total company sales—the highest rate in the restaurant industry outside of the pizza segment. Approximately 1.2 Million digital orders are placed per week, as Panera continues to seamlessly integrate new services with the digital experience. Panera Delivery, which can only be ordered digitally and is supported by cutting-edge order tracking technology, is the latest way Panera is enhancing the guest experience.

“By building digital into the core aspects of our business, we’ve transformed the customer journey at Panera,” said Ron Shaich, Panera’s Founder, Chairman and CEO. “For us, it’s not just about new technology for technology’s sake—it’s about making the guest experience better.”

Blaine Hurst, Panera’s president, said, “When you couple digital innovation with operational integrity, the result is a significant level of digital adoption at the guest level. Our holistic approach to technology pushes us to find new ways to make a difference in the lives of guests – which translates to the kinds of
sales we’re seeing today.”

The company’s investment in digital has allowed guests a more convenient way to eat how they want, where they want at Panera. Guests can leverage digital platforms to customize food to meet their taste and dietary needs, while enjoying overall faster service and shorter wait times.

Panera’s digital ordering integrates with MyPanera®, the restaurant industry’s largest loyalty program with more than 25 million members. Through MyPanera, guests are able to save their favorites, earn and track rewards, and receive personalized special offers.

Panera’s mobile app can be easily downloaded for iOS and Android, and guests can sign up for MyPanera at www.PaneraBread.com.

About Panera Bread
Thirty years ago, at a time when quick service meant low quality, Panera set out to challenge this expectation. We believed that food that was good and that you could feel good about, served in a warm and welcoming environment by people who cared, could bring out the best in all of us. To us, that is food as it should be and that is why we exist.

So we began with a simple commitment: to bake fresh bread every day in our bakery-cafes. No shortcuts, just bakers with simple ingredients and hot ovens. Each night, any unsold bread and baked goods were shared with neighbors in need.

These traditions carry on today, as we have continued to find ways to be an ally to our guests. That means crafting a menu of soups, salads and sandwiches that we are proud to feed our families. Like poultry and pork raised without antibiotics on our salads and sandwiches. A commitment to transparency and options that empower our guests to eat the way they want. Seasonal flavors and whole grains. And a commitment to removing artificial additives (flavors, sweeteners, preservatives and colors from artificial sources) from the food in our bakery-cafes. Why? Because we think that simpler is better and we believe in serving food as it should be. Because when you don’t have to compromise to
eat well, all that is left is the joy of eating.

We’re also focused on improving quality and convenience. With investments in technology and operations, we now offer new ways to enjoy your Panera favorites – like mobile ordering and Rapid PickUp for to-go orders – all designed to make things easier for our guests. As of March 28, 2017, there were 2,042 bakery-cafes in 46 states and in Ontario, Canada, operating under the Panera Bread®, Saint Louis Bread Co. ® or Paradise Bakery & Cafe® names. For more information, visit panerabread.com or find us on Twitter (@panerabread), Facebook (facebook.com/panerabread) or Instagram (@panerabread).

Matters discussed in this news release and in our public disclosures, whether written or oral, relating to future events, including any discussion, express or implied, regarding digital sales and statements made therein, contain forward-looking statements within the meaning of Section 27Aof the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are often identified by the words “believe,” “could,” “positioned,” “estimate,” “project,” “target,” “plan,” “goal,” “assumption,” “continue,” “intend,” “expect,” “future,” “anticipate,” and other similar expressions, whether in the negative or the affirmative, that are not statements of historical fact. These forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions that are difficult to predict, and you should not place undue reliance on our forward-looking statements. Our actual results and timing of certain events could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including, but not limited to, those discussed from time to time in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10- K for the fiscal year ended December 27, 2016, and our quarterly reports on Form 10-Q. All forward-looking statements and the internal projections and beliefs upon which we base our expectations included in this release are made only as of the date of this release and may change. While we may elect to update forward-looking statements at some point in the future, we expressly disclaim any obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

Media Contact:
Jonathan Yohannan
jonathan.yohannan@panerabread.com

Source:  Panera Bread Company

Colruyt Group Sees Gradual Improvement in Working Conditions of Suppliers

Halle, Belgium, 2017-Jun-19 — /EPR Retail News/ — Colruyt Group notices that working conditions at its suppliers in high-risk countries are gradually improving. This became clear during audits carried out last year in 285 non-food factories, farming and food businesses, especially in China and South-East Asia. Most suppliers improved working conditions sufficiently to allow us to continue working with them. “Our investments in audits and training effectively led to improvement, but all parties need to keep making an effort”, says audit manager Daniel Bral.

Better than the year before

In 2016, Colruyt Group had independent offices carry out audits at 154 suppliers, an investment of more than 200,000 euros. The group also received audit reports from other retailers, which brought the total number of audited suppliers to 582. With about 95 % of them (or 10 % point more than in 2015) working conditions were considered average and small to large improvements were required. They received an improvement plan and are checked again after 3 to 24 months depending on the gravity of the problems. The group ended cooperation with 25 producers who refused to submit to the audit or scored poorly and were not prepared to take action.

Auditing works

As usual most flaws were found in domains such as working hours, pay, safety and health. Colruyt Group notices that sustained auditing does help to have working conditions improve. “When we check again after the first audit, we usually notice an improvement. And during the two-yearly re-audit all suppliers are submitted to, we see that working conditions usually stay at the better level. There are big differences between companies and between food and non-food. Non-food suppliers score quite well on average, also because we have been auditing them for 14 years now”, says Daniel Bral. We audit mainly Chinese manufacturers of toys, sports articles, garden articles, paper products and multimedia.

Cascade principle

In the food sector, conditions were less well on average. Daniel Bral: “Logical, it was only in 2013 that we started carrying out audits as one of the first companies to do so. We audited mainly manufacturers of canned, frozen or pasteurised food.” In 2017, our priority goes to suppliers of fresh fruit and vegetables, where the supply chains are often more complex. “To improve working conditions at the growers, we are now mapping out all chains in order to start auditing afterwards. We use the cascade principle as a basis: each link in the chain has the responsibility to supervise the conditions at its suppliers”, says Daniel Bral.

More international cooperation and training

To have greater impact, Colruyt Group is intensively working together with the international association (BSCI (Business Social Compliance Initiative) that has more than 1,900 members. Since early 2017 the group only has audits carried out according to the BSCI methodologies at manufacturers in China and South-East Asia, who are the best known. Daniel Bral: “As BSCI member we can also consult the audit reports of all other members. A supplier who scored acceptably, does not need to be audited by us a second time. This allows us to use time and means more efficiently. We also incite our suppliers to follow free training about safety, pay, working hours, production planning, etc. by means of the organisation. And it works, since a combination of social improvements and productivity increase is beneficial for both the manufacturer and the employee.”

Contact:
Hanne Poppe
press@colruytgroup.com
+32 (0)2 363 55 45
+32 (0)473 92 45 10

Source: Colruyt Group

Colruyt Group’s “Recycle” Tricycle Designed To Collect Litter at Events

Halle, Belgium, 2017-Jun-19 — /EPR Retail News/ — Event organisers who want to ban litter, can borrow an electrical ‘Recycle’ tricycle from Colruyt Group’s environment service free of charge. This Belgian novelty was designed to clean up waste separately at events. The tricycle was used for the first time at the children’s art festival SuperVliegSuperMouche in the Park of Forest. “With the Recycle we want to stimulate people not to leave litter behind”, says Goedele Daems, environment co-ordinator at Colruyt Group. “And we take another step in our more general action plan ‘Joining hands for less street litter’.”

Containers and accessories

The Recycle is equipped with containers for PMD, residual waste and glass and has the necessary accessories for the volunteers on board: brush, dustpan, grabbers, vests and gloves. Today Colruyt Group has 5 bikes freely available to event organisers who want to ban litter and commit to collecting the waste separately. Goedele Daems: “We also loan the Recycles to associations that organise a clean-up action, deliver them for free and collect them afterwards. The organiser has to provide the bike-riders.”

First time at children’s art festival at Forest

The Recycle had its official premiere during the free children’s art festival SuperVliegSuperMouche last Sunday in the Park of Forest. “Ideal surroundings”, says Goedele Daems, “since the organisation wanted to make it a green festival and make the young visitors conscious about litter while they play.” The organiser was also enthusiastic about the new carrier tricycles.

Reservations

Organisers and associations interested in booking the Recycle can send a mail with subject ‘Recycle’ to bikes@colruytgroup.com, at least 14 days

Contact:
Hanne Poppe
press@colruytgroup.com
+32 (0)2 363 55 45
+32 (0)473 92 45 10

Source: Colruyt Group

Revamped Colruyt Knokke Opens as a Low-Energy Store

Halle, Belgium, 2017-Jun-19 — /EPR Retail News/ — On Wednesday 14 June, the revamped Colruyt Knokke will open its doors after months of renovation. The store has been completely rearranged, refurbished into a low-energy store and restyled into a new-generation Colruyt store.

Fresh and modern design

“During closure, we completely rearranged the store”, store manager Tine Gilté says. “Customers can now shop even more efficiently in a more congenial store.  When making renovations, we always aim at simplicity and the lowest costs, as our customers expect us to.”

Low-energy store

Extra insulation was added to the facades and the roof and the store was made air-tight. All this has turned Colruyt Knokke into a low-energy store, able to take the step towards sustainable techniques, such as a propene cooling installation.
This project forms part of a wider wave of renovations of Colruyt Group, that wants to only have low-energy stores under its own management by 2029. This should reduce its CO2 emissions by another 4 %.

Brand-new butcher’s department

In the renovated Colruyt store the fresh market and the range of frozen products have been expanded.
For fresh quality meat, customers can visit the brand-new butcher’s department. Head butcher Filip Martens: “Our customers have a nice overview of the range of meat, cold cuts and salads. And they can see the butchers at work in an open workshop. Customers can easily talk to them if they have questions or special orders.”

Collect&Go shops for the customer

Colruyt Knokke still has a Collect&Go pick-up point. Tine Gilté: “Collect&Go is the handy Colruyt service where we shop for our customers. They send their shopping list to collectandgo.be or via the app, and the Collect&Go employees have their products ready at the pick-up point on the day and time of their choice. Handy!”

Special open house

Store manager Tine Gilté, head butcher Filip Martens and their 38 employees are looking forward to welcoming their customers at the revamped Colruyt Knokke as of Wednesday 14 June.
Tine Gilté: “The evening before, on Tuesday 13 June from 17.00 to 20.00, everyone is invited for a store preview. During this special open house, we will gladly offer our customers some refreshments. Everyone is most welcome!”

Practical information:

Colruyt Knokke
Natiënlaan 191
8300 Knokke

Opening hours:
Mon – Sat: 8.30 – 20.00
Fri: 8.30 – 21.00

Open evening:

Tuesday 13 June

from 17.00 to 20.00

For more information, please contact:

Denny Cerpentier
(regional manager)
02 345 2345

Silja Decock
(press officer Colruyt Group)
0473 92 45 10

Source: Colruyt Group

Colruyt Marcinelle Revamps Into A New-Generation Low-Energy Store

Halle, Belgium, 2017-Jun-19 — /EPR Retail News/ — On Wednesday 14 June, the revamped Colruyt Marcinelle will open its doors after a few months of renovation.The store has been expanded, completely rearranged and restyled into a new-generation low-energy Colruyt store.The new butcher’s shop is a self-service shop now.

New-generation store

“While the store was closed, we completely rearranged it and expanded the fresh-market”, says store manager Vincent Roulet. “Customers can now shop even more efficiently in a more congenial store.  The fresh-market has been enlarged. And we have replaced the plastic flaps with an air curtain. When making renovations, we always aim at simplicity and the lowest costs, as our customers expect of us.”

Low-energy store

The fronts and roof of the renovated store have had an additional insulation. The store is also more air-proof than it used to be. All this has turned Colruyt Marcinelle into a low-energy store, able to take the step towards sustainable techniques, such as a propylene cooling installation.
This project is part of a wider wave of renovations of Colruyt Group, that wants to have only low-energy stores under its own management by 2029. This should reduce its CO2 emissions by another 4 %.

Brand-new butcher’s department

For fresh quality meat, customers can visit the brand-new butcher’s department. Head butcher Didier Notte: “Our customers have a nice overview of the range of meat, cold cuts and salads. And they can see the butchers at work in an open workshop. Customers can easily talk to them if they have questions or special orders.”

Collect&Go shops for the customer

Colruyt Marcinelle now also has a Collect&Go pick-up point. Vincent Roulet: “Collect&Go is the handy Colruyt service where we shop for our customers. They send their shopping list to collectandgo.be or via the app, and the Collect&Go employees have their products ready at the pick-up point on the day and time of their choice.Handy!”

Special open house

Store manager Vicent Roulet, head butcher Didier Notte and their 47 employees are looking forward to welcoming their customers at the revamped Colruyt Marcinelle as of Wednesday 14 June.
Vincent Roulet: “The evening before, on Tuesday 13 June from 17.00 to 20.00, everyone is invited for a store preview. During this special open house, customers will be offered snacks and a drink. Everyone is most welcome!”

Practical information:

Colruyt Marcinelle
Rue du Grand Pont 16
6001 Marcinelle

Opening hours:
Mon – Sat: 8.30 – 20.00
Fri: 8.30 – 21.00

Open evening:
Tuesday 13 June
from 17.00 to 20.00

For more information, please contact:

Tiziano Antenucci
(regional manager)
02 345 2345

Silja Decock
(press officer Colruyt Group)
0473 92 45 10

Source: Colruyt Group

LuLu Strengthens its Presence in Kuwait With The Opening of its 7th Store

LuLu Strengthens its Presence in Kuwait With The Opening of its 7th Store

 

Kuwait city, 2017-Jun-19 — /EPR Retail News/ — The Middle East retail major, LULU Group further consolidated its presence in Kuwait by opening their 7th Hypermarket in Al Jahra this morning. The new hypermarket was formally inaugurated by General R. Fahad Ahmed Al-Amir, Governor of Al Jahra in the presence of Ramadan Khalaf al Harbi, Mayor of Al Jahra, Yusuffali MA, Chairman of Lulu Group and other top officials.

Ideally located at the Jahra Mall in Al Jahra, the 130,000 sq. ft. hypermarket is easily accessible from nearby suburbs and residential areas. Apart from the usual world class features and product range, the new lulu hypermarket also boasts of many key features such as enhanced space for Free From range products, local produce section and organic products.

Ideally located in the Al Jahra Industrial Area, the 130,000 sq. ft. hypermarket will serve the residents of Jahra city and its surrounding areas with its widest range of products from all over the world. Apart from this, the new lulu hypermarket also boasts of many key features such as enhanced space for Free From range products, local produce section among others. It has separate sections for fresh fruits and vegetables, meat and poultry, dairy products, ready-to-eat products and a state-of-the-art live bakery and Hot Foods kitchen. The product mix in Lulu Al Jahra will also include a wide selection of premium UK and US goods, including special products air-flown for freshness. and also boasts of many key features such as enhanced space for Free From range products, local produce section and organic products.

Speaking to media during the inauguration ceremony, Yusuffali MA said “Kuwait has been a very key market for us and we have been always bullish about the market scenario here. The positive response we have been receiving from day one have been very encouraging and we intend to continue build on our success and explore new opportunities here.”

“The Kuwaiti economy is very stable and forward-looking under the wise leadership of HH Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, the Emir of this great country. We intend to contribute to the all-round growth here, including new investments to providing job opportunities to the Kuwaiti youth.”

Other top dignitaries present at the event were, Indian Ambassador Sunil Jain, Lulu Group Executive Director Ashraf Ali MA, CEO Saifee Rupawala, COO Saleem VI, Regional Director Mohd. Haris.

Contact:

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

Source: Lulu Group

###

New METRO Accelerator powered by TechStars Calls on Start-ups To Work on Tech Solutions for Retail

  • Startups from seven countries will scale up their new digital applications for retail and wholesale
  • The teams will collaborate with more than 100 mentors from METRO, Real and their partner Techstars for three months in Berlin and receive up to €120,000 in funding each
  • Several hundred applications from 24 nations received for the new METRO Accelerator for Retail powered by Techstars
  • The startups will present their solutions to international investors on 5 September

Düsseldorf, 2017-Jun-19 — /EPR Retail News/ — The METRO Accelerator for Retail powered by Techstars goes into its first round. For the next three months, the participating startups from all over the world will work on promising solutions for Retail such as delivery robots, novel navigation technologies, smart sensors, digital tools for avoiding food waste or a more customer-friendly link between offline and online shops. The international accelerator programme purposefully refines digital solutions for independent traders and retailers (B2B2C) – a key customer group of METRO – as well as for Real, one of the leading hypermarket operators (B2C).

The following startups from seven different countries made it to the new METRO Accelerator for Retail powered by Techstars:

  • Mio Mobile: Delivery robot and navigation technology for autonomous distribution and delivery in the public space. to the portrait
  • Oriient: High-end indoor navigation solution controlled by the earth’s magnetic field and suited for direct implementation independently of any kind of infrastructure. to the portrait
  • Whole Surplus: Food waste B2B solution for an optimised and fair distribution of excess food in the retail sector. to the portrait
  • Epinium: Real-time evaluation of product prices and reviews for offline and online retailers as well as manufacturers. to the portrait
  • IamBot: Product identification in a photo chat with direct links to multiple purchase options. to the portrait
  • JustSnap: Gamification of discount campaigns via direct receipt analysis. to the portrait
  • Kptn Cook: Curated recipes for the foodie community with direct link to the food retailer. to the portrait
  • Sensefinity: Cloud-supported, self-learning sensors to track product and logistics data along the complete supply chain. to the portrait
  • Sensei: Capture and analysis of offline retail data with the help of existing image data. to the portrait

“We believe that these promising startups offer precisely the solutions that offline traders and retailers need to grow also in the digital world and meet their customers’ demands”, says Andreas Wuerfel, Director Global Innovation Community METRO. “The rapidly progressing digitization of Retail – including small independent traders and retailers – is a key topic for markets all over the world. With our Accelerator programme, we addressed this topic at the exact right time: several hundred startups from 24 countries worldwide applied for our programme. METRO, Real and Techstars are perceived as attractive experts and partners for startups.”

For three months’ time the teams will receive intensive support from some 100 mentors – all acknowledged retail specialists and experts from METRO, Real und Techstars – to scale-up their business model as well as up to €120,000 in funding. On 5 September, the teams will present their results to international investors.

“Solutions from the fields of artificial intelligence, robotics and the Internet of Thins represent the future for traditional offline retailers and also for multi-channel retail companies. With the Accelerator, we have attracted the most exciting startups in the market and are now preparing them for the investor market”, says Alexander Hafner, Managing Director Techstars for the METRO Accelerator for Retail. “Our huge Techstars alumni network assists the teams in addressing potential investors”.

The Retail Accelerator programme will be continued alternating with the Hospitality Accelerator which has been successful conducted for two years already. Up until 30 June 2017, startups offering digital solutions for the hospitality sector can apply for the third round of the METRO Accelerator for Hospitality powered by Techstars at www.metroaccelerator.com.

STARTUPS OF THE METRO ACCELERATOR FOR RETAIL POWERED BY TECHSTARS 2017

MIO MOBILE
Founded by: Roman Drokov

Date and place of founding: 2016 in Great Britain and Lithuania

www.miokiosk.com

Kiosk and errand boy on four wheels: delivery robot including navigation technology for autonomous distribution and delivery in public space

Mio knows what customers want. The self-driving delivery and ending machine robot Mio Mobile sells products such as drinks and snacks directly to end consumers. Mio Mobile attracts customer attention with his looks and therefore makes a good marketer for retailers and consumer goods manufacturers. At the same time, it stimulates impulse buying, helps strengthen the supply network in urban and also in rural areas. This technology symbolises the new generation of mobile retail and opens up new growth opportunities for retailers.

Oriient
www.oriient.me Shopping like in the web: high-end indoor navigation solution controlled by the earth’s magnetic field and independent of any kind of infrastructure

Online retailers know exactly what their customers are looking for and buying. For customers, it is way easier to systematically discover special offers, campaigns and benefit from them on online shopping platforms than in offline stores. Bricks-and-mortar retailers should bridge this gap with the help of Oriient. Without requiring any investment into technical infrastructure, this new navigation solution enables offline retailers to give their customers access to the same benefits as those offered on the online platforms. This technology is controlled by the earth’s magnetic field and can be directly implemented anywhere and anytime. “Connected shopping” thus becomes a reality.

WHOLE SURPLUS
Founded by: Olcay Silahli

Date and place of founding: 2016 in Turkey (Istanbul)

www.wholesurplus.com

Good-bye to food waste: B2B solution for an optimized and fair distribution of excess food in the retail sector

Nowadays, food which can no longer be sold usually still finds its rightful destination via phone calls and e-mails to the charities. The Turkish start-up Whole Surplus (Fazlagida) wants to render this process more efficient by offering a technology platform for retailers and producers. In real-time, this application allows to organise, and administrate, food donations at several locations in parallel. That way, also the requirements in terms of sustainability and social welfare as well as tax aspects for the donating companies can be monitored on one central platform.

EPINIUM
Founded by: Carlos Barriga

Date and place of founding: 2016 in Spain (Barcelona)

www.epinium.com

What customers will buy tomorrow: tool for the real-time evaluation of product prices and reviews for offline and online retailers as well as manufacturers

Knowing always what their next bestseller will be can be worth a mint for retailers and manufacturers alike. But analysing customer wishes in an anticipatory manner is a complex task. Epinium is a platform that examines and evaluates the product reviews from different online shops and online retail platforms in real time to provide a qualitative and quantitative analysis for the product in question. The reviews can be of great benefit for both offline and online retailers and simplify the offer management without having to conduct time-consuming focus group analysis. The data analytics platform is characterised by a particularly valuable and useful presentation of results.

I AM BOT
Founded by: Pawel Kolacz

Date and place of founding: 2017 in Poland (Wroclaw)

www.iambot.chat

Chatbot as a shopping assistant: product identification in a photo chat with direct links to multiple purchase options

This shopping assistant operates in a completely virtual manner and intuitively connects offline retail with online retail: IamBot is a visual chatbot operating on the basis of the Facebook Messenger service. The customer takes the picture of a product in the store and sends the photo via Facebook Messenger to IamBot. The software uses artificial intelligence to identify the product and presents the corresponding offers from affiliated web shops to the user. The product can be ordered directly via the “Buy” button on Facebook. That way, customers gain maximum flexibility for their buying decisions.

JUST SNAP
Founded by: Ahmet Ünver

Date and place of founding: 2015 in Turkey (Istanbul)

www.justsnap.co

Bonus points per mobile photo: gamification of discount campaigns via direct receipt analysis

The next generation of bonus loyalty cards is smart and digital. With JustSnap, customers simply send a photograph of their receipt via the app installed on their smartphone and receive instant rewards. The app makes it possible to set up campaigns with immediate evaluation and supports the technical capabilities of mobile retail. Advertisements can be placed and ended quickly without requiring any campaigns and codes at the checkout, at the point of sale or even on the products themselves.

KPTN COOK
Founded by: Alexander Reeg

Date and place of founding: 2014 in Germany (Berlin)

www.kptncook.com

An app that facilitates cooking: curated recipes for the foodie community with direct access to food retailers

Feel like cooking, but don’t have any good ideas and the right ingredients? KptnCook is a smartphone app that partners with food bloggers around the world to offer three new thirty-minute recipes every day. New recipes are presented every 24 hours. Unlike conventional recipe platforms all ingredients are directly paired with the assortment of local grocery shops. All ingredients can be purchased at the customer’s local supermarket. Food retailers can also enable orders directly from the app via online shop.

SENSEFINITY
Founded by: Orlando Remedios

Date and place of founding: 2013 in Portugal (Lisbon) and Spain

www.sensefinity.com

Guardian of the supply chain: cloud-supported, self-learning sensors track product and logistics data

Sensefinity has been working on the Internet of Things since its founding four years ago. Now this startup from Portugal added an exciting application for food retailers and delivery services to its portfolio. With specifically developed smart sensors and the Sensefinity technology, it is possible to control the position, temperature, moisture, air pressure and a wealth of other product data along the complete supply chain and thereby guarantee a uniform quality in a standardised manner.

SENSEI
Founded by: Vasco Portugal

Date and place of founding: 2015 in Portugal (Lisbon)

www.sensei.tech

Precise analytics for the retail sector: capture and analysis of offline retail data with the help of existing image data

The start-up Sensei offers valuable insights for customers and retailers. Based on image data from offline retail, market intelligence – for example from social media or the retailer’s online shop – and other information such as weather data and crucial elements of the supply chain, this software application creates an intelligent platform that improves the buying process. Thus, retailers can align their store assortment even more purposefully with customer demands without the need for any costly investments.

Under the umbrella of the METRO Accelerator powered by Techstars, METRO and Techstars, in two programs, help international start-up teams in the development of digital solutions. One of the programs focuses on solutions for the hotel, restaurant and catering sector while the second program is aimed at the retail industry. In the framework of the three-month programs organised in Berlin, experienced mentors and experts will in each case help ten selected start-ups to successfully develop their own business further with regard to customers and investors. The METRO Accelerator powered by Techstars was launched in 2015 with a regularly hosted hospitality program that is the unique in the world. More information available at www.metroaccelerator.com

The METRO GROUP Wholesale & Food Specialist Company (W&FS Co.) is an internationally leading specialist in wholesale and food retail. With its sales lines METRO Cash & Carry and Real as well as its other associated companies, METRO GROUP W&FS Co. operates in 35 countries and employs more than 150,000 people around the world. In 2015/16, METRO GROUP W&FS Co. achieved sales of around €37 billion. The company provides custom solutions to meet the regional and international needs of its wholesale and retail customers.

Techstars is a global ecosystem that empowers entrepreneurs to bring new technologies to market wherever they choose to live. With dozens of mentorship-driven accelerator programs and thousands of start-up programs worldwide, Techstars exists to support the world’s most promising entrepreneurs throughout their lifelong journey, from inspiration to IPO. Techstars provides access to tens of thousands of community leaders, founders, mentors, investors and corporate partners, allowing entrepreneurs to accelerate the pace of innovation and Do More Faster™. Techstars supports every stage of the entrepreneurial journey – from the idea to venture capital investments to M&A and IPO. For more information visit www.techstars.com

Contact:
METRO AG
Corporate Communications
Metro-Straße 1
40235 Düsseldorf

Phone +49 (0) 211 68 86-42 52
Fax +49 (0) 211 68 86-20 01

www.metrogroup.de
presse@metro.de
@Metro_Comms

Source: METRO GROUP

Lafayette Plug and Play and Carrefour France Unite Their Expertise To Strengthen Open Innovation in Retail

Boulogne-Billancourt, France, 2017-Jun-19 — /EPR Retail News/ — The Lafayette Plug and Play innovation platform – an accelerator dedicated to retail and fashion created by the partnership between the Galeries Lafayette Group and Plug and Play Tech Center – and Carrefour France – the French largest food retailer – announce the signature of a new partnership with the aim of uniting their expertise and strengthening open innovation in retail.

With this collaboration, Carrefour will accelerate its open innovation approach, already well established within its businesses, thanks to the accelerator’s best French and international startups specialized in retail.

Carrefour will benefit from close relationships with startups and the setting up of pilots addressing various topics of robotics, supply chain and digital in order to support the French retailer’s e-commerce projects.

Lafayette Plug and Play will enable the acceleration of Carrefour’s open innovation initiatives thanks to various assets; for example, by setting up meetings on specific issues such as the analysis and use of data in the store. The Carrefour Innovation Department will also be involved in the entire selection process of Lafayette Plug and Play startups.

Lafayette Plug and Play’s startups will benefit from the sharing of experiences and an expanded network within the Carrefour Group.

For all request about the Carrefour Group (sales, financial results, governance, international,…), please contact the Carrefour Group media relations office:

. By phone:

Switchboard: +33 (0)1 41 04 26 00

For journalists: +33 (0)1 41 04 26 17

. By e-mail: presse_groupe@

Source: Carrefour Group

Amazon and Whole Foods Enter Into a Merger Agreement

Whole Foods Market ranked #28 and Amazon ranked #2 on Fortune’s 2017 list of World’s Most Admired Companies

SEATTLE & AUSTIN, Texas, 2017-Jun-19 — /EPR Retail News/ — Amazon (NASDAQ:AMZN) and Whole Foods Market, Inc. (NASDAQ:WFM) today (Jun. 16, 2017) announced that they have entered into a definitive merger agreement under which Amazon will acquire Whole Foods Market for $42 per share in an all-cash transaction valued at approximately $13.7 billion, including Whole Foods Market’s net debt.

“Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy,” said Jeff Bezos, Amazon founder and CEO. “Whole Foods Market has been satisfying, delighting and nourishing customers for nearly four decades – they’re doing an amazing job and we want that to continue.”

“This partnership presents an opportunity to maximize value for Whole Foods Market’s shareholders, while at the same time extending our mission and bringing the highest quality, experience, convenience and innovation to our customers,” said John Mackey, Whole Foods Marketco-founder and CEO.

Whole Foods Market will continue to operate stores under the Whole Foods Market brand and source from trusted vendors and partners around the world. John Mackey will remain as CEO of Whole Foods Market and Whole Foods Market’s headquarters will stay in Austin, Texas.

Completion of the transaction is subject to approval by Whole Foods Market’s shareholders, regulatory approvals and other customary closing conditions. The parties expect to close the transaction during the second half of 2017.

About Amazon

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

About Whole Foods Market

Founded in 1978 in Austin, Texas, Whole Foods Market is the leading natural and organic foods supermarket, the first national “Certified Organic” grocer, and uniquely positioned as America’s Healthiest Grocery Store™. In fiscal year 2016, the Company had sales of approximately $16 billion and has more than 460 stores in the United States, Canada, and the United Kingdom. Whole Foods Market employs approximately 87,000 team members and has been ranked for 20 consecutive years as one of the “100 Best Companies to Work For” in America by Fortune magazine. For more information, please visit www.WholeFoodsMarket.com or @WholeFoods on Twitter.

Cautionary Statement Regarding Amazon Forward-Looking Statements

Amazon’s statements related to the proposed merger with Whole Foods Market contain forward-looking statements, including statements regarding expected benefits of the merger, the timing of the transaction, and financing of the transaction. Actual results could differ materially from those projected or forecast in the forward-looking statements. Factors that could cause actual results to differ materially include the following: Whole Foods Market shareholders may not approve the transaction; the conditions to the completion of the transaction may not be satisfied, or the regulatory approvals required for the transaction may not be obtained on the terms expected, on the anticipated schedule, or at all; long-term financing may not be available on favorable terms, or at all; closing of the transaction may not occur or may be delayed, either as a result of litigation related to the transaction or otherwise; the parties may be unable to achieve the anticipated benefits of the transaction; revenues following the transaction may be lower than expected; operating costs, customer loss, and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, and suppliers) may be greater than expected; the Company may assume unexpected risks and liabilities; completing the merger may distract the Company’s management from other important matters; and the other factors discussed in “Risk Factors” in Amazon’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016 and in Amazon’s other filings with the SEC, which are available at http://www.sec.gov. Amazon assumes no obligation to update the information in the communication, except as otherwise required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.

Cautionary Statement Regarding Whole Foods Market Forward-Looking Statements

Certain statements in this communication constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by words such as “anticipate,” “believe,” “intend,” “estimate,” “expect,” “see,” “continue,” “could,” “can,” “may,” “will,” “likely,” “depend,” “should,” “would,” “plan,” “predict,” “target,” and similar expressions, and may include references to assumptions and relate to Whole Foods Market’s future prospects, developments and business strategies. Except for the historical information contained herein, the matters discussed in this communication are forward-looking statements that involve risks and uncertainties that may cause Whole Foods Market’s actual results to be materially different from such forward-looking statements and could materially adversely affect its business, financial condition, operating results and cash flows. These risks and uncertainties include the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; the failure to obtain the approval of Whole Foods Market’s shareholders or required regulatory clearances or the failure to satisfy any of the other closing conditions to the Merger; potential disruption of management’s attention from Whole Foods Market’s ongoing business operations due to the Merger; the effect of the announcement of the Merger on the ability of Whole Foods Market to retain and hire key personnel and maintain relationships with its customers, suppliers and others with whom it does business, or on its operating results and business generally; general business conditions; changes in overall economic conditions that impact consumer spending; the impact of competition; and other factors which are often beyond the control of Whole Foods Market, as well other risks listed in Whole Foods Market’s Annual Report on Form 10-K for the fiscal year ended September 25, 2016 and risks and uncertainties not presently known to Whole Foods Market or that Whole Foods Market currently deems immaterial. Whole Foods Market wishes to caution you that you should not place undue reliance on such forward-looking statements, which speak only as of the date on which they were made. Whole Foods Market does not undertake any obligation to update forward-looking statements, except as required by law.

Important Additional Information and Where to Find It

In connection with the proposed transaction, Whole Foods Market will file with the SEC and mail or otherwise provide to its shareholders a proxy statement regarding the proposed transaction. BEFORE MAKING ANY VOTING DECISION, WHOLE FOODS MARKET’S SHAREHOLDERS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT IN ITS ENTIRETY WHEN IT BECOMES AVAILABLE AND ANY OTHER DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION OR INCORPORATED BY REFERENCE THEREIN BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES TO THE PROPOSED TRANSACTION. Investors and security holders may obtain a free copy of the proxy statement and other documents that Whole Foods Market files with the SEC (when available) from the SEC’s website at www.sec.gov and Whole Foods Market’s website at http://investor.wholefoodsmarket.com/. In addition, the proxy statement and other documents filed by Whole Foods Market with the SEC (when available) may be obtained from Whole Foods Market free of charge by directing a request to Cindy McCann, Global Vice President, Investor Relations, Whole Foods Market, Inc., 550 Bowie Street, Austin, TX 78703, Phone: 512-542-0204. Media inquiries can be directed to Brooke Buchanan at Brooke.Buchanan@wholefoods.com, Phone: 512-542-0751.

Certain Participants in the Solicitation

Whole Foods Market, its directors and certain of its executive officers and employees may be deemed, under SEC rules, to be participants in the solicitation of proxies from Whole Foods Market shareholders with respect to shareholder approval of the proposed acquisition of Whole Foods Market. Information regarding the names of Whole Foods Market’s directors and executive officers and their respective interests in Whole Foods Market by security holdings or otherwise is set forth in Whole Foods Market’s Annual Report on Form 10-K for the fiscal year ended September 25, 2016 filed with the SEC on November 18, 2016, Whole Foods Market’s definitive proxy statement for its 2017 Annual Meeting of Shareholders filed with the SEC on January 4, 2017 and Whole Foods Market’s Current Report on Form 8-K dated May 10, 2017. To the extent holdings of such participants in Whole Foods Market’s securities are not reported, or have changed since the amounts described in the proxy statement for the 2017 Annual Meeting of Shareholders, such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the interests of such individuals in the proposed transaction will be included in the proxy statement relating to such acquisition when it is filed with the SEC. These documents may be obtained free of charge from the SEC’s website at www.sec.gov and Whole Foods Market’s website at http://investor.wholefoodsmarket.com.

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

Whole Foods Market
Brooke Buchanan
512-542-0751
Brooke.buchanan@wholefoods.com

Source: Amazon