GST can be a Game Changer for Indian Economy

Chennai, India, 2017-Jun-29 — /EPR Retail News/ —  When the clock strikes midnight on June 30th, it not only will herald the customary arrival of a new month, but also a historic moment in the post-Independence era as the country will be joining other major powers in the World in adopting Goods and Service Tax (GST), which aims to bring in a uniform tax regime for various Goods and Services traded across the vast nation.

Bhaskar Venkatraman, CEO and Director of Millennium India

The government headed by Prime Minister Narendra Modi has made elaborate arrangements to take the nation to the new tax reform at the Central Hall of the Parliament, and prominent leaders and personalities are going to witness the midnight gala.

But what is GST for the vast and fast-growing retail sector in India? How the Manufacturers, Distributors, Dealers and Retailers are going to be involved in the uniform tax system? Whether the end customers will bear the brunt or going to enjoy the fruits of the single tax system?

GST stands for Goods and Services Tax. This single tax system will supersede all state and central taxes including Value Added Tax, entry tax, octroi and other mundane taxes, and introduce one single tax right from manufacturers, distributors, dealers to local vendors. GST also avoids cascading taxes which ultimately reflects on the prices of the commodities.

How GST will impact the Point of Sale (POS) sector, which has been the bellwether of the BJP government to make the country a cashless economy?

POS is one of the major pillars of the retail sector which supplies hardware components like credit/debit card swiping machines, inventory management tools and POS terminals such as cash registers, barcode scanners, barcode printers, cash drawers to name a few.

Speaking about the impact on the retail sector, Bhaskar Venkatraman, Director and CEO of Millennium India, a group involved in marketing some of the world’s top POS hardware machines to Indian retailers for the last two decades, said: “GST will make the retail sector more organized as more than 85 per cent of the businesses in India are unorganized and need to be regularized. With GST, there will be a single transparent tax structure throughout the supply chain and clear mechanism to calculate the taxes at various levels. Since several daily use items are exempted from the purview of the GST, people will benefit out of it as some of them will witness decrease in price post GST.”

For retail sector, Bhaskar Venkatraman, who also introduced India’s first and only e-commerce shop (justransact.com) to make top branded POS technology products available online to retailers, said it will be a win-win situation for retail businesses as they are now out of the complex tax laws and filing processes.

On the GST’s impact on POS sector, Bhaskar said: “The net impact on the pricing (of POS products) would be very minimal and in fact would boost the consumption. While in the short-term, GST could be perceived as a tough stance for growth, in the longer run, the retail sector would benefit immensely only to gain because of price harmonization and smooth flow of material across the country.”

Then, what is GST for end customers? The burden or benefit would finally be on the end consumers but an overall win-win situation would prevail, concludes Bhaskar.

 

Media Contact:

K Ramanathan

Media Coordinator, Millennium India

ram@justransact.com

Visa Commits to Strategic Investment in Klarna; Companies Plan Partnership Deal

NEW YORK and COPENHAGEN, Denmark, 2017-Jun-29 — /EPR Retail News/ — Visa (NYSE:V) and Klarna announced they have reached an agreement for Visa to invest in Klarna, and intend to develop a future strategic partnership. Klarna is one of Europe’s fastest growing online payments companies, serving 60 million consumers and 70,000 retailers.

The equity investment and planned partnership demonstrate Visa and Klarna’s shared vision to accelerate online and mobile commerce for the benefit of consumers and merchants across Europe. The announcement was made at Money 20/20 being held in Copenhagen through June 28.

Visa’s planned investment is part of a global strategy to open up the Visa ecosystem and support a broad range of new partners who are helping to redefine and enhance the purchase experience for millions of consumers globally. Klarna develops products that address changing consumer preferences, giving them the flexibility and seamless experience they expect when shopping.

“Klarna has demonstrated an expertise in consumer credit and online purchasing and together, we share a vision for how today’s online and mobile commerce experiences can be as simple as they are in the real world,” said Jim McCarthy, executive vice president, innovation and strategic partnerships, Visa Inc. “Visa is committed to partnering with a new generation of partners and payment providers to bring secure, online commerce to many more consumers in Europe. We look forward to working more closely with Klarna to accomplish this.”

“The Visa and Klarna partnership is a natural fit. We both understand consumer credit and the value of consumer centricity in developing innovative payment solutions,” said Sebastian Siemiatkowski, chief executive officer and co-founder of Klarna.

“Klarna continually strives to offer the most advanced choice of payment solutions for our merchants and give consumers the smoothest buying experiences.  Partnering with Visa will give us the opportunity to strengthen our global presence and product portfolio by leveraging our combined assets. We are excited about the possibilities of what we can do together.”

According to Forrester, Europe is expected to see double-digit growth in online sales in the coming years.  By 2021, the growth in the number of connected devices and improvements in mobile connectivity will drive online sales to reach 12 percent of the region’s total retail sales.  Additionally, online retail sales are expected to grow at an average rate of 12 percent per year over the next five years in Western Europe.

 

About Visa

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

 

About Klarna
Klarna is one of Europe’s leading payments providers that aims to make the payment process simple, smooth and safe for customers and its merchant partners. Klarna works together with 70,000 merchants to offer payment solutions to more than 60 million users in Europe and North America. Klarna, headquartered in Stockholm, Sweden, has 1,500 employees and is active in 18 countries. The company was founded in 2005 was recently named as one of the top disrupter companies in the world by CNBC.

UK: Conwy Brewery secures regional listing with Asda for their Beachcomber Blonde product

UK: Conwy Brewery secures regional listing with Asda for their Beachcomber Blonde product

17 Asda stores across Wales will now stock Beachcomber Blonde

LEEDS, England, 2017-Jun-29 — /EPR Retail News/ — A local brewery in North Wales is getting into the celebratory spirit after securing a regional listing with Asda, who are the first supermarket to list their Beachcomber Blonde product.

Conwy Brewery is a family run brewery established by husband and wife team, Gwynne and Adele Thomas in 2003.

Located in the hills above Colwyn Bay and overlooking the Irish Sea, Conwy Brewery was the first brewery in Conwy for over 100 years.

The complete range features ales that are available and seasonal ales, all of which take inspiration from the local landscape and coast.

With the blonde launching on the shelves, joining four other Conwy beers in the range, Asda is aiming to lead the way in supporting local brewers.

Gwynne Thomas, managing director of Conwy Brewery, commented: “We are delighted to be working with Asda, it just goes to show how our brand continues to grow as locals crave local brewed beers as well as national ales.

“We have had all our core beers listed with Asda for many years now so when the decision was made to introduce Beachcomber to the core range, we had no hesitation in offering this to Asda first.

“We are thrilled to have launched in 17 stores across Wales, making our beers more readily available for locals and a sense of pride in the region – we couldn’t be happier.”

The new deal will see the following line stocked in up to 17 Welsh stores:

Beachcomber Blonde (4.2%) – a fantastic refreshing Blonde ale, a hybrid style brewed using Lager malt and hops so has many of the characteristics of a lager – clean pallet and refreshing taste. It is bottle conditioned, naturally carbonated & unfiltered so it retains the depth of flavour of an ale without the excessive fizz of many mass produced lagers.

Alan Jackson, Buying Manager – Local BWS and Core Ambient, said: “I am really proud of our bottled Ale range and bringing Conwy’s Beachcomber Blonde on board in the Welsh region will only enhance our range.”

SOURCE: ASDA

MEDIA CONTACT

Amy Garbutt
Head of Consumer Media Relations
0113 826 2829

Sainsbury’s research reveals UK prefers dogs to cats!

Sainsbury’s research reveals UK prefers dogs to cats!

LONDON, 2017-Jun-29 — /EPR Retail News/ — Its official – The UK prefers dogs to cats! New research from Sainsbury’s Bank Pet Insurance (1) reveals 46 per cent of people prefer dogs compared to 30 per cent who like our feline friends better. Around a quarter of us (24 per cent) have no preference either way.

• 46 per cent(1) of people prefer dogs to cats compared to 30 per cent who like cats better
• New online interactive pet map helps you find out whether cats or dogs are more popular in your area
• Newcastle has the highest percentage of households with dogs, and Norwich has the highest percentage with cats(1)
• Benefits of pet ownership include overcoming loneliness (29 per cent); improving fitness (28 per cent) and combatting depression (24 per cent)(1)
• Over one million people claim their pets have played ‘cupid’ in helping them find ‘love’ (1)

When looking at the UK’s 20 biggest cities, the findings show Belfast is the dog ‘capital’ of the UK where 63 per cent of people prefer them. Brighton and Norwich have the highest percentage of people (40 per cent) in the cat camp(1).

Around 19 per cent(1) of UK households have a cat, a similar number have a dog and 8 per cent have both. Around 74 per cent of Sainsbury’s own pet insurance customers insure dogs versus 26 per cent insuring cats(2).

In terms of location, 41 per cent of households in Newcastle own a dog, which is the highest of the 20 cities in the UK surveyed, and Brighton has the lowest with 14 per cent. For cats, 44 per cent of homes in Norwich have a moggy, with Newcastle having the lowest figure of 19 per cent.

To find out which pets are making people happy in your neck of the woods check out Sainsbury’s Pet Insurance’s new interactive pet map. It tells you whether you live in a cat or dog area and the most popular breeds in it. You can also find out whether your pet’s name ranks in the nation’s favourites.
www.sainsburysbank.co.uk/petmap(3),

Benefits of owning a pet 

Whatever camp you’re in, Sainsbury’s Bank Pet Insurance findings(1) indicate that both cat and dog owners feel they have a better quality of life because of their pets. 88 per cent of dog owners said their pet made them feel happier than they otherwise would be, and the corresponding figure for cat owners is 85 per cent(1).

Tom Thomson, Head of Sainsbury’s Bank Pet Insurance said: “Although our research shows the nation has a preference for dogs, it’s clear that owning a cat or dog can be hugely beneficial to your quality of life. They are loving members of the family and can help us to relax and enjoy life.

“Good quality pet insurance is essential in order to protect your animal from accident or illness. And to ensure they make a speedy recovery and get back to fulfilling their key role in the family as soon as possible. “

Despite the positive impact dogs and cats have on our lives, around 70 per cent of dogs and 85 per cent of cats are not insured(2), which is alarming because veterinary treatment can be very expensive – the average pet insurance claim in 2016 was £757,which was 5 per cent higher than in 2015(4).

When it comes to how cats and dogs enhance their owners’ lives, the research(1) revealed the main benefit is overcoming loneliness (29 per cent); followed by owners improving their overall fitness (28 per cent) and then combatting depression (24 per cent). Some 18 per cent say their pets have helped them to be increasingly sociable by meeting more people, and 6 per cent say they helped them to cope better with their disability.

Pets have also played ‘cupid’ for around 1.1 million people who claim that owning a cat or dog helped them to meet a partner(1).

Sainsbury’s Pet Bank Insurance lets customers build a policy to suit their pet’s needs. There are three policy levels to choose from as well as additional cover options available. For further information people can call 0330 102 6703 or go online at www.sainsburysbank.co.uk.

Notes to Editors
(1) Sainsbury’s Bank commissioned Opinium Research to survey 4,008 nationally representative UK adults aged 18+ between 25 April-5 May 2017. Opinium Research is a member of the British Polling Council and abides by its rules). Figures have been scaled up using a nationally representative sample (51,339,000).
(2) Sainsbury’s Bank pet insurance data, customers on book May 2017
(3) The data used for the interactive tool is based on research amongst thousands of Sainsbury’s customers around the UK (its own customer panel circa 5000), as well as Sainsbury’s Pet Insurance customers. The findings for location are therefore indicative, and relate to the breakdown of cat and dog ownership amongst Sainsbury’s customers in that region, and the breeds of dogs and cats they own. The Opinum research was used to determine most popular pet names.
(4) ABI, 12th April 2017

Sainsbury’s Pet Insurance is sold, underwritten and administered by Allianz Insurance plc

For further information, please contact:
Sainsbury’s Bank on 0131 286 0010 bank_communications@sainsburys.co.uk /Citigate Dewe Rogerson 020 7368 9571

SOURCE: Sainsbury’s

Lifesaving opioid antidote naloxone now available without a prescription in all Walgreens pharmacies in Michigan

DEERFIELD, Ill., 2017-Jun-29 — /EPR Retail News/ — As part of its comprehensive national plan to combat drug abuse, Walgreens today announced it has made naloxone, a lifesaving opioid antidote, available without a prescription in all of its Michigan pharmacies in accordance with state pharmacy regulations.

Naloxone is now more accessible and easier to obtain in more than 225 Walgreens pharmacies throughout Michigan. The medication can be used in the event of an overdose to reverse the effects of heroin or other opioid drugs, and is administered by injection or nasal spray.

“By making naloxone available without a prescription, we are making it easier for Michigan families and caregivers to help their loved ones by having it on hand in case it’s needed,” said Chad Downing, Walgreens Regional Healthcare Director in Michigan. “As a pharmacy we are here to help people, and we are committed to making naloxone more accessible in the communities we serve.”

Last year, Walgreens announced a national effort to make naloxone available without a prescription in states and Washington D.C. where regulations allow. Since its announcement, naloxone has been made available without a prescription in 45 states and Washington D.C.

“Efforts to fight the growing opioid addiction epidemic are all about more second chances and less funerals,” said Lt. Gov. Brian Calley. “Making naloxone readily available in our pharmacies is an important preventative step and we appreciate Walgreens continued partnership and commitment to this issue.”

When naloxone is dispensed instructions are provided on how to administer the medication, which includes calling 911 as naloxone is not a substitute for medical care, and anyone who is administered the medication should seek immediate medical attention.

Walgreens has also installed safe medication disposal kiosks in 600 pharmacies across 45 states including 20 in Michigan. The kiosks allow individuals to safely and conveniently dispose of unwanted prescriptions, including controlled substances and over-the-counter medications year-round at no cost.

States where Walgreens offers naloxone without requiring a prescription:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin.

About Walgreens

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

SOURCE: Walgreens

Contact(s)

Walgreens
Phil Caruso
847-315-2962
philip.caruso@walgreens.com
http://news.walgreens.com
@WalgreensNews
facebook.com/Walgreens

Walgreens data show more than 20 percent of its app users are age 55 and older

Data show Walgreens app driving more than twice the adoption rate of industry averages among adults age 55 and older

DEERFIELD, Ill., 2017-Jun-29 — /EPR Retail News/ — The Walgreens mobile app, already one of the most popular retailer apps in the marketplace with tens of millions of users nationwide, has garnered a particularly robust following among older Americans — a demographic rarely associated with mobile app adoption.

Walgreens data show more than 20 percent of its app users are age 55 and older, more than twice the percentage of industry averages. According to a 2017 survey by Forrester Research, Inc., just 9 percent of all smartphone owners who use shopping apps at least weekly are 55 and older.* Walgreens credits its mobile pharmacy features, such as Pill Reminder and Refill by Scan, for much of its app popularity among older Americans. In fact, 37 percent of those utilizing its mobile pharmacy tools are 55 plus. By comparison, Forrester data show that only 10 percent of smartphone owners who use health and wellness apps at least weekly are in the 55 plus category.*

“One of the things we repeatedly hear is that customers really value their connections with individual pharmacists and staff,” said Mindy Heintskill, Walgreens divisional vice president, loyalty. “We wanted to replicate that connection digitally, so customers can get a high-value, personalized experience even when they can’t make it into a store. We created Pharmacy Chat, which enables customers to have access to trusted experts through our site or mobile app anytime of the day or night, wherever they are. We’ve also seen opportunities for tools like individual pill reminders and prescription alerts to help our customers simplify their daily lives.”

Walgreens has made a number of feature enhancements within the app, aimed at better meeting the needs and interests of older adult users. These include:

  • Support of TouchID and secure auto-login, addressing a key obstacle for users who struggle to remember or locate user credentials, a greater challenge for less frequent users of such apps
  • Simplified menus, also welcomed by infrequent mobile app users unfamiliar with conventions that become familiar with use
  • A pill reminder feature helpful to older adults and seniors who are more likely to have multiple daily dosages to manage
  • Support for smartphones that offer font size options for apps
  • Balance Rewards for healthy choices® that gives users shopper loyalty points if they use the app to track walking, cycling, weight management, blood pressure and more

The mobile app category with the highest proportion of weekly users 55 and over is news/media, at 16 percent, according to Forrester.*

“You know you’ve got a differentiator in the marketplace with this kind of traction,” Heintskill said. “With consumer expectations rising, we continue to put customer needs at the center of everything we do. The fact that more than 20 percent of our app users are in the 55 plus age group is a testament to the extensive research and consumer testing our team conducts to develop the most customer-centric tools for our users. We innovate based on our customers’ needs—not just for the fun of it.”

* Forrester, Consumer Technographics North American Online Benchmark Survey (Part1), 2017

About Walgreens

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

Contact(s)

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

The future CECONOMY AG given ratings of Baa3 (Moody’s) and BBB- (Scope) with a stable outlook

Düsseldorf, Germany, 2017-Jun-29 — /EPR Retail News/ — The international rating agencies Moody’s Investors Service and Scope Ratings have given the future CECONOMY AG (“CECONOMY”) ratings of Baa3 (Moody’s) and BBB- (Scope) with a stable outlook. Thus the future CECONOMY will, as planned, receive an investment grade rating when independently listed on the stock exchange after the spin-off of the wholesale and food business to the METRO Wholesale & Food Specialist AG (the future METRO AG).

According to Moody’s the reason for the appraisal is above all the business size, the wide regional positioning and the multi-channel capability of the future CECONOMY. Scope likewise highlights the strong presence of the company in the European consumer electronics markets and the solid balance sheet resources.

Moody’s is one of the world’s leading rating agencies. Scope is positioned as an alternative European provider of credit ratings.

CECONOMY AG (currently: METRO AG) is the leading platform for companies, concepts and brands in consumer electronics in Europe. CECONOMY’s market position is based in particular on the strong brands Media Markt and Saturn. With more than 2 billion contacts per year, CECONOMY aims to give consumers a sense of orientation and offer them solutions for making the most of the opportunities innovative technologies offer. To this end, CECONOMY will seek to develop new concepts and business models that provide decisive added value for consumers and open up new economic potential for the success of the company and its shareholders.

This release may contain forward-looking statements based on current assumptions and forecasts made by the management of future CECONOMY and other information currently available to CECONOMY. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. CECONOMY does not intend, and does not assume any obligation whatsoever, to update these forward-looking statements or to conform them to future events or developments.

SOURCE: METRO AG

Contact Media Department

Telephone: +49 211 6886-4252
Telefax: +49 211 6886-2001

E-Mail METRO GROUP: presse@metro.de

New Temando State of Shipping in Commerce Report Reveals Gap Between U.S. Retailers and Prime-centric Online Shoppers

San Francisco, CA, USA, 2017-Jun-29 — /EPR Retail News/ — Temando, a leading shipping and fulfillment software platform for commerce, today announced United States retailer and consumer survey data from its annual research report State of Shipping in Commerce. The survey polled 270 small and medium (SME) and enterprise retailers and nearly 1300 consumers about a range of shipping-related challenges they face.

“The State of Shipping in Commerce report shows the increasing significance of shipping and fulfillment, and highlights the continued gap between retailer capability and consumer expectation. The missing piece for many retailers is a solution that balances CX-friendly shipping experiences with automation and efficiency,” said Carl Hartmann, co-founder and CEO of Temando. “Shipping is truly the last frontier for commerce, and retailers who master the use of technology to optimize the process are giving themselves the best chance to not only survive, but thrive in these trying times.”

2017 brings unprecedented competition for retailers. Not only has Amazon set the standard for how to do retail well, it’s set the new consumer standard on shipping. Prime-like shopping is the new benchmark with Americans demanding ultimate convenience and immediacy at a low cost. Temando’s 2017 State of Shipping in Commerce report uncovers the evolution of the American retail landscape in the last twelve months, and highlights where retailers need to be today to reap the rewards of tomorrow. Key findings and supporting data below.

Consumers Want and Retailers Need Better Control of Shipping

Multiple shipping options are critical to CX. Consumers want more options to control their deliveries – they want to dictate how, when and where products are shipped.

  • The survey revealed that 41 percent of consumers want hyperlocal delivery and 38 percent would pay for it. However, only 24 percent of retailers offer it now and 18 percent of retailers would like to offer it in the next 12 months.
  • 40 percent of consumers expect to access Amazon-prime style memberships in the next 1-3 years vs. 25 percent of retailers who plan to introduce these services in the same period.
  • Almost 100 percent of shoppers would like delivery date estimates but currently over half of retailers don’t offer this feature.

 

Shipping causes shopping cart abandonment. Compared to Temando’s 2016 survey, shoppers have a more genuine intent to purchase in 2017 but high shipping fees combined with lengthy wait times is still a serious issue.

  • 73 percent of consumers are loyal to brands and return if they have a positive experience, while 50 percent of consumers won’t buy again if it’s a negative experience.
  • 54 percent of shoppers abandoned their carts due to expensive shipping, while 39 percent abandoned their carts due to no free shipping, and 26 percent abandoned their carts due to slow shipping.
  • 47 percent of shoppers will abandon their carts and buy from a competitor’s site when a premium delivery option is not available.

Shipping Ambitions Tempered by Rising Business Costs

There is a major disconnect between retailers and consumers when it comes to shipping expectations. While retailers understand that consumers want free shipping, they’re grappling with the rising costs of shipping online orders.

  • 59 percent of shoppers will opt to buy from a bricks and mortar store if they perceive that the delivery fee for buying the same item online is too high.
  • 66 percent of shoppers think that the high cost of shipping is not relative to the experience provided.
  • Whereas, 51 percent of retailers listed the rising cost of carrier services as a key challenge.

Retailers are hemorrhaging costs from premium delivery services.  While retailers are experimenting with premium delivery services, they have limited knowledge of how much these services cost and/or are held back by operational barriers. Temando’s research highlights that retailers are struggling to find a profitable model for premium delivery services, and as a result, retailer adoption has slowed down.

  • 53 percent of retailers offered same-day delivery in 2016 compared to only 29 percent this year.
  • 40 percent of shoppers wanted hyperlocal delivery in 2016, but only 24 percent of retailers offered it this year.
  • 34 percent of retailers in 2016 offered weekend/afterhours delivery in 2016 compared to only 25 percent this year.

 

Retailers Who Succeed in Shipping Win Big

 

Some retailers are getting it right and turning shipping into a profit center, according to Temando’s research. While many retailers are struggling to put in place a profitable shipping and fulfillment model, there are savvy retailers reaping measurable rewards from innovating their supply chains and offering better shipping choices.

  • 43 percent of retailers found that offering better shipping choices created more revenue.
  • 33 percent of enterprise retailers reduced their cart abandonment rate when offering more shipping choices, while 50 percent of mid-market retailers experienced increased sales.
  • 27 percent of small retailers reduced carrier costs and 47 percent of micro retailers improved customer service with new shipping choices.

Hartmann concluded, “Competition in e-commerce is not going to subside – in fact, the scale and speed of it is accelerating with the continued growth of Amazon and international shopping. It’s not only U.S. consumers shopping abroad more, the number of cross-border shoppers globally is increasing. The retailers who can cross borders and use this changing landscape to evolve will be successful at e-commerce.”

Additional Survey Highlights

A major point of difference for retailers is the total experience they offer to consumers – from providing multiple delivery options to better tracking to a seamless returns process. Temando’s study reveals retailers can profit from introducing good shipping experiences to shoppers and grow basket size with delivery campaigns. Shoppers are willing to pay up to $18 for same-day delivery and $19 for international shipping, and 65 percent would increase basket size to qualify for free premium shipping. Tracking is an area for improvement with only 31 percent of retailers offering email tracking updates today, despite demand from 78 percent of shoppers. Returns influence conversion with 43 percent of Americans stating they would shop more online if offered free and easy returns.

Find More Information:

  • The full report is available here: http://www2.temando.com/research-2017
  • To access last year’s report, go to http://temando.com/research-2016
  • To request other regional surveys, email marketing@temando.com
  • Twitter: Follow @temando for e-commerce news and tips.

 Survey Methodology

Temando commissioned Research Now to conduct a survey targeting US-based online shoppers and retailers across a variety of categories in February 2017. In total, we received responses from a sample size of 1292 online shoppers and 270 retailers. This data is compared against data gathered for the 2016 State of Shipping in Commerce report where possible, with patterns and differences outlined. Based on these findings, we predict a pattern of outcomes based on the theoretical propositions we come across in the data analysis process.

 

About Temando

Temando (“I send you” in Spanish) is a global technology company that exists to connect the world’s logistical resources into a single intelligent software platform and to make commerce universally accessible to everybody. The company’s solutions give merchants the power to move goods from anywhere they are to wherever they need to be, no matter how they need to get there. Temando is a Neopost Company headquartered in Australia, with offices in Brisbane, Sydney, San Francisco, London, Paris and Manila. For more information, please visit temando.com.

 

About Research Now

Research Now Group, Inc., is the global leader in digital data collection to power analytics and insights. It enables data-driven decision making for its 3,000 market research, consulting, media, and corporate clients through its permission-based access to millions of deeply-profiled consumers using online, mobile, social media and behavioural data collection technology platforms.  The company operates in over 35 countries, from 23 offices around the globe, and is recognized as the quality, scale and customer satisfaction leader in its industry. For more information, please visit http://www.researchnow.com/.

First Data strengthens position as a market leader in global eCommerce with the introduction of Local Payments Solution

  • New online payments solution offers greater flexibility and reach for businesses around the world
  • Strengthens First Data’s position as a market leader in global eCommerce 

NEW YORK, 2017-Jun-29 — /EPR Retail News/ — The rise of global commerce is creating an increasingly borderless economy, and businesses need to provide the payment method their customers prefer, regardless of regional and cultural preferences. To meet this growing need, today First Data (NYSE: FDC), a global leader in commerce-enabling technology, announced the availability of the First Data® Local Payments solution, which will provide digital businesses and their customers with access to 195 local payment options when fully implemented.

Even in a global, always-on digital economy, payment methods have remained largely regional and country specific. Trust and security concerns, cultural preferences, technological limitations, and political restrictions influence purchasing methods, which vary extensively around the world.

With First Data’s Local Payments solution, a merchant can manage varying online payment methods through a single interface, using a single collection model. Now, a retailer can easily enable a customer in Europe who wants to use a mobile wallet or a customer in Latin America who prefers making electronic cash payments. Local Payments facilitates numerous payment methods, including real-time online banking, direct debit, cash/voucher payments, payment wallets, payout schemes, and more.

“There has been a significant increase in cross-border shopping in recent years, and while geography is no longer a transactional barrier for eCommerce, payment methods can be a hurdle. Today, 57% of global consumers shop across international borders, and separate reports have indicated that as many as half of these people may end a sale if their payment choice is not offered,” said Shane Fitzpatrick, global head of eCommerce at First Data. “First Data’s Local Payments solution empowers businesses to accept payments in the methods their customers prefer, all through a single-source provider, no matter where they are located.”

Around the world, many people do not have access to banking services, which can pose challenges for cross-border transactions. Local Payments provides greater flexibility for payment acceptance, supporting consumer choice. The solution enables businesses to accept payments from their customers in the method they choose, whether they have a bank account or not. Adding Local Payments through a single integration represents a sales uplift opportunity for merchants.

The introduction of Local Payments expands First Data’s robust eCommerce portfolio. First Data now offers a range of solutions for businesses of all sizes, including the recently-announced Global PFAC Program for payment facilitators and the company’s cutting edge Fraud Detect Solution.

Earlier this year, First Data acquired Acculynk, a technology company with unique debit routing capabilities that help merchants reduce their total cost of payment acceptance. First Data’s eCommerce portfolio is available across the First Data client landscape, from multinational corporations to sole proprietors operating online stores.

For more information on First Data’s eCommerce portfolio, or to learn more about the Local Payments Solution, please visit Local Payments. If you are attending Money 20/20 Europe this week, please visit First Data at booth G36 to learn more about Local Payments and our eCommerce solutions. First Data’s vice president of eCommerce product, Peter O’Halloran, will also be presenting on Local Payments at Money 20/20 on Wednesday, June 28.

About First Data

First Data (NYSE: FDC) is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.
SOURCE: First Data Corporation
Media Contact
Aimee Ertley
First Data
404-890-2684

Amazon introduces five new unlocked devices to its best-selling Prime Exclusive Phones lineup

Prime Exclusive Nokia 6 (Photo: Business Wire)

Introducing the Nokia 6, initially available in the U.S. only on Amazon, featuring a vibrant 5.5” Full HD display, Dolby Atmos speakers, a fast 16MP rear-facing camera and 8MP front-facing camera, and Android 7.1 Nougat—only $179.99 for Prime members

Alcatel adds three new devices to Prime Exclusive Phones: the Alcatel IDOL 5S with a 5.2” Full HD display, a 12MP rear-facing camera with dual-tone flash and 8MP front-facing camera, and Android 7.1 Nougat—only $199.99 for Prime members; the Alcatel A50 with a 5.2” HD display, 13MP rear-facing camera and 5MP front-facing camera, and Android 7.0 Nougat—only $99.99 for Prime members; and the Alcatel A30 PLUS with a 5.5” HD display, 13MP rear-facing camera and 5MP front-facing camera, and Android 7.0 Nougat—only $79.99 for Prime members

Motorola brings its fourth device to Prime Exclusive Phones with the recently announced Moto E4 featuring a sharp 5” HD display, an 8MP autofocus rear-facing camera and 5MP front-facing camera, and Android 7.1 Nougat–only $99.99 for Prime members

SEATTLE, 2017-Jun-29 — /EPR Retail News/ — (NASDAQ: AMZN)—Amazon today announced five new additions to its best-selling Prime Exclusive Phones lineup, offering Prime members incredible prices on the latest unlocked phones. The new Nokia 6, the debut Android device in the U.S. from HMD Global, initially available only on Amazon and the first Nokia phone in the Prime Exclusive Phones lineup, will be available for only $179.99—saving Prime members $50 off the full retail price. Alcatel is also expanding its lineup in the program with three new devices: the Alcatel IDOL 5S for only $199.99 for Prime members ($80 off the full retail price—the largest discount ever offered for a Prime Exclusive Phone), the Alcatel A50 for only $99.99 for Prime members ($50 off the full retail price), and the Alcatel A30 PLUS, available for only $79.99 for Prime members (also $50 off the full retail price). Motorola’s recently announced Moto E4 will be offered at $99.99 for Prime members ($30 off the full retail price). These Prime Exclusive Phones are available for pre-order starting today at www.amazon.com/prime-exclusive-phones.

Since launching last summer, Prime Exclusive Phones have been consistently featured in the top 5 best-selling unlocked phones list onAmazon and are among the top rated unlocked smartphones available on Amazon.com. Additionally, the Prime exclusive Moto G5+ has been featured in the top 3 new releases for unlocked Android phones since it launched in March.

“One year ago, we introduced Prime Exclusive Phones as a way to bring the freedom of unlocked Android devices to our Prime members—at incredible prices,” said Charlotte Maines, General Manager, Prime Exclusive Phones. “What began with two phones, the BLU R1 HD and Moto G4, has now grown to 10 smartphones in our Prime Exclusive lineup—many of which are among the best-selling and top-rated unlocked phones available on Amazon. We’re delighted by the reaction we’ve seen from Prime members and are excited to add even more options for our customers with these brand new phones from Alcatel and Motorola, and our newest addition to the program—Nokia phones.”

Introducing Nokia 6

The Nokia 6, the newest unlocked Android device in the U.S. from HMD Global, features a polished aluminum design with diamond cut edges available in Matte Black or Copper and a beautiful 5.5” Full HD IPS laminated display. It offers a 16MP phase detection autofocus rear-facing camera and 8MP autofocus front-facing camera, Android 7.1 Nougat, a fingerprint sensor, powerful Qualcomm Snapdragon processor, and dual Dolby Atmos speakers. Nokia 6 comes with 3 GB of RAM and 32 GB of internal storage with support for up to 128 GB more via microSD card, and is available for only $179.99 for Prime members (regularly $229.99) compatible with AT&T and T-Mobile. Learn more about the Nokia6 here.

“Pairing the superior craftsmanship and distinctive design of the Nokia 6 with the ease and reliability of Amazon, makes this the perfect match,” said Maurizio Angelone, Vice President, Americas, HMD Global. “We are thrilled to bring the quality and detail of a high-end phone experience to a new generation of Nokia fans, while offering existing fans the same unparalleled quality they have come to love.”

Alcatel Adds Three Brand New Phones

The Alcatel IDOL 5S features a sleek metal and 2.5D curved glass design, with a 5.2” Full HD display and a 12MP rear-facing camera with dual-tone flash and 8MP front-facing camera. It comes with Android 7.1 Nougat, 4G LTE, a fingerprint sensor, 3.6-watt front-facing speakers, plus a VR Launcher. The IDOL 5S features 3 GB of RAM and 32 GB of internal storage with up to 256 GB more via MicroSD card—all for only $199.99for Prime members (regularly $279.99, an $80 discount). The Alcatel IDOL 5S is compatible with AT&T and T-Mobile networks; Sprint and Verizon network compatibility will be available later this summer via a software update.

The Alcatel A50 has a sleek metallic frame and offers complete customization. It features a sharp 5.2” HD display and a 13MP rear-facing camera with dual-tone flash for better balance and color rendering, a large f/2.0 aperture, plus a 5MP front-facing camera with LED flash for capturing great selfies. The Alcatel A50 comes with Android 7.0 Nougat, 4G LTE speeds, 2 GB of RAM and 16 GB of internal storage —only $99.99 for Prime members (regularly $149.99) and is compatible with AT&T and T-Mobile networks. The Alcatel A50 will also be offered bundled with the LightUp SNAPBAK LED cover that lights up with incoming calls, messages, e-mails and more—available for only $129.99 for Prime members (regularly $199.99).

The Alcatel A30 PLUS features a slim, compact frame with a metallic silver finish and a 5.5” HD display, and has a 13MP rear-facing camera and 5MP front-facing camera. It comes with Android 7.0 Nougat, 4G LTE speeds, 2 GB of RAM and 16 GB of internal memory with up to 32 GB more via MicroSD card, and features a long-lasting 3000mAh battery—all for only $79.99 for Prime members (regularly $129.99). The A30 PLUS is compatible with AT&T and T-Mobile networks, and will be compatible with the Verizon network later this summer via a software update. Learn more about the newest Alcatel phones here.

”With Amazon’s increasing lineup of phones available through the Prime Exclusive Phone program, it’s exciting to be launching three new smartphones offering uniquely different experiences for Prime members to enjoy,” said Steve Cistulli, President and General Manager of TCL Communication, NA. “With our successful debut of the A30 earlier this year, we’re thrilled to continue growing with Amazon as they expand their smartphone portfolio of affordable devices.”

Moto E4 Joins Prime Exclusive Lineup

The Moto E4 offers a sleek and compact metal design in black with a 5” 720p HD display and features an 8MP autofocus rear-facing camera and 5MP front-facing camera with selfie flash. It comes with Android 7.1 Nougat, 4G LTE speeds, and a fingerprint sensor, plus 2 GB of RAM and 16 GB of internal storage with microSD card support for up to 128 GB of additional storage, a fast quad-core processor, and a 2800mAh removable battery. The Moto E4 is available for $99.99 for Prime members (regularly $129.99) unlocked on all major wireless carriers, including AT&T, T-Mobile, Sprint, and Verizon. Learn more about the Moto E4 here.

Prime Exclusive Phones

Prime Exclusive Phones are available at discounted pricing for Prime members supported by personalized offers and ads, including personalized deals and product recommendations, displayed on the phone’s lock screen. The Prime Exclusive Phone single sign-on experience provides Prime members easy access to their Prime benefits through the most popular Amazon apps, including thousands of movies and TV episodes with Prime Video, over two million songs and playlists with Prime Music, photo storage and backup with Prime Photos, unlimited reading with Prime Reading, free two-day shipping on millions of items, and more.

Availability

The Nokia 6, Alcatel IDOL 5S, Alcatel A50, Alcatel A30 PLUS, and Moto E4 can be pre-ordered starting today. Moto E4 will begin shipping on June 30 and the Nokia 6, Alcatel IDOL 5S, Alcatel A50, and Alcatel A30 PLUS will begin shipping on July 10. Visit www.amazon.com/prime-exclusive-phones for additional information and details about the Prime exclusive offers. All five devices are also available without offers and ads at Amazon.com to Prime and non-Prime members, at full retail price.

Everyday Made Better with Prime

Prime was designed to make your life better every single day. Tens of millions of Prime members around the world enjoy the many benefits of Prime. In the U.S. that includes unlimited access to award-winning movies and TV episodes with Prime Video; unlimited access to Prime Music, Audible Channels for Prime, Prime Reading, Prime Photos, Twitch Prime; early access to select Lightning Deals, one free pre-released book a month with Kindle First, and more. Plus, Prime members around the world can enjoy exclusive deal shopping on Prime Day. Prime was built on the foundation of unlimited fast, free shipping and members receive unlimited Free Two-Day Shipping on more than 50 million items, Prime FREE One-Day Shipping and Prime FREE Same-Day Delivery in more than 5,000 cities and towns, and two-hour delivery with Prime Now in more than 30 major cities. Start a free trial of Amazon Prime at amazon.com/prime.

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.

 

Source: Amazon.com, Inc.

Amazon.com, Inc.
Media Hotline
Amazon-pr@amazon.com
www.amazon.com/pr

Stanley Black & Decker to host 2Q 2017 earnings conference call on Monday, July 24, 2017

NEW BRITAIN, Conn., 2017-Jun-29 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) will broadcast its second quarter 2017 earnings conference call on Monday, July 24, 2017. The call will begin at 8:00AM EDT.

A news release outlining the financial results will be distributed before the market opens on Monday, July 24, 2017. A slide presentation, which will accompany the call, will be available at www.stanleyblackanddecker.com and will remain available after the call.

The call will be accessible by telephone within the US at (877) 930-8285, from outside the U.S. at +1 (253) 336-8297, and via the Internet at www.stanleyblackanddecker.com. To participate, please register on the web site at least fifteen minutes prior to the call and download and install any necessary audio software. Please use the conference identification number 44653952. A replay will also be available two hours after the call and can be accessed at (855) 859-2056 or +1 (404) 537-3406 using the passcode 44653952.

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

SOURCE Stanley Black & Decker

Contact:

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

VALERIAN AND THE CITY OF A THOUSAND PLANETS unveils never before seen movie clips and content exclusively on Amazon App

Unlock exclusive VALERIAN content by pointing the camera search feature within the Amazon App at most Amazon boxes. (Photo: Business Wire)

 

VALERIAN AND THE CITY OF A THOUSAND PLANETS is unveiling the first released clip from the movie, exclusively on the Amazon App

Customers can use the camera search feature or select a VALERIAN Sticker from the brand new Amazon Stickers feature to unlock the content

Customers who unlock exclusive content from today through July 23 will also be able to enter a sweepstakes for a chance to win an Echo Show, the newest Amazon device

SEATTLE, 2017-Jun-29 — /EPR Retail News/ — (NASDAQ:AMZN) – Amazon, EuropaCorp and STXfilms are teaming up to premier never before seen movie clips and content from VALERIAN AND THE CITY OF A THOUSAND PLANETS, this summer’s most groundbreaking and original sci-fi adventure, exclusively on the Amazon App. Starting today, customers have access to actual film clips simply by using the camera search feature. To reveal the exclusive content, customers open their Amazon App, tap the camera icon and then point it at the large printed code at the bottom of most Amazon boxes shipped across the US. Pointing the camera at VALERIAN artwork, like the movie poster or IMDb movie page will also work. Finally, starting tomorrow, Amazon App iPhone customers can access the exclusive content by tapping the “i” button an any character within the Amazon Stickers feature of camera search. VALERIAN will be released by STXfilms on behalf of EuropaCorp on July 21stand exclusive content will continue be added to the Amazon App through July 23rd.

Unlock exclusive VALERIAN content by pointing the camera search feature within the Amazon App at most Amazon boxes. (Photo: Business Wire)

“Camera search within the Amazon App allows customers to point their camera at nearly anything and receive product recommendations fromAmazon, so what better way to unlock exclusive content from the most futuristic film of the summer,” said Gautam Bhargava, VP Amazon Visual Search. “In fact, we were so excited about revealing this special content within our app we wanted to give customers not one, but two ways to view never before seen clips. We also created special edition VALERIANstickers to celebrate the movie release, which if clicked upon will also grant customers access to the highly anticipated scenes.”

“We’re excited to partner with Amazon on a transformative new way for fans to engage with VALERIAN content. By activating visual search to bring people an exclusive experience at such a large scale, VALERIAN and Amazon are taking mobile discovery to the next level,” said Amy Elkins, EVP of Media and Marketing Innovation at STXfilms.

Unlock Exclusive Content Using Camera Search

Amazon has long been the leader in mobile visual search, starting with the launch of camera search in the Amazon App in 2009. That first pioneering solution helped customers search for reviews, availability and pricing for products such as books, CDs and DVDs by pointing their phone’s camera at the product. Since then, the solution has matured to offer many new features. Using modern artificial intelligence techniques in deep learning and machine vision, camera search now recognizes common everyday objects such as shoes, jeans, sunglasses and more including hundreds of millions of products within over 3000 categories. To explore exclusive VALERIAN content, customers simply open their Amazon App, tap the camera icon and then point it at the large printed code at the bottom of most Amazon boxes or at VALERIAN artwork like the movie poster or IMDb movie page at www.imdb.com/valerian.

Unlock Exclusive Content by Using Special Edition VALERIAN Amazon Stickers

Amazon Stickers launched last month and is an entertaining augmented reality feature designed to provide Amazon App customers a delightful experience for virtual shopping and visualizing products in their own home. Looking for gift inspiration? Want to see if that couch matches your living room? Need a second opinion on that yellow hat you like? Amazon Stickers provides a fun way to find, view, and share products onAmazon with friends and family. The special edition VALERIAN Stickers include characters like Sergeant Laureline, K-Tron, DA, Doghan Daguis, and Major Valerian and unlock special content when customers tap on the “i” above them. Starting tomorrow, you can find these VALERIANStickers and more by tapping on Amazon Stickers within the Camera Search function on the iOS Amazon App. Make sure you have the latest version of the app for access.

About VALERIAN AND THE CITY OF A THOUSAND PLANETS

VALERIAN AND THE CITY OF A THOUSAND PLANETS is the visually spectacular new adventure film from Luc Besson, the legendary director of The Professional, The Fifth Element and Lucy, based on the ground-breaking comic book series which inspired a generation of artists, writers and filmmakers.

In the 28th century, Valerian (Dane DeHaan) and Laureline (Cara Delevingne) are a team of special operatives charged with maintaining order throughout the human territories. Under assignment from the Minister of Defense, the two embark on a mission to the astonishing city of Alpha—an ever-expanding metropolis where species from all over the universe have converged over centuries to share knowledge, intelligence and cultures with each other. There is a mystery at the center of Alpha, a dark force which threatens the peaceful existence of the City of a Thousand Planets, and Valerian and Laureline must race to identify the marauding menace and safeguard not just Alpha, but the future of the universe.

About STXfilms

STXfilms is a division of STX Entertainment, a global next-generation media company whose mission is to unlock the value of the direct connection stars have with their fans through the development, financing, production, marketing and distribution of film, television, VR, digital video, music and live entertainment content. It is the industry leader in transforming beyond traditional platform-driven content to creating talent-driven enterprises.

The company is led by accomplished businessman Robert Simonds and was co-founded by Bill McGlashan, managing partner of the leading global private investment firm TPG. Other investors include Hony Capital, a leading private equity firm in China; PCCW, Southeast Asia’s largest Internet and cable services provider; Tencent Holdings, China’s leading provider of online products and services; Dominic Ng, Chairman of East West Bank; DNS Capital (representing the business interests of Gigi Pritzker and her immediate family); and Beau Wrigley, former Chairman and CEO of the Wm. Wrigley Jr. Company, among others. With these strategic relationships, the company is uniquely positioned to maximize the impact of content worldwide, with direct passage into the China market.

For more information, please visit https://stxentertainment.com/

About EuropaCorp

EuropaCorp is one of Europe’s leading film studios. Founded in 1999, EuropaCorp has operations spanning production, theatrical distribution, video and VOD, and television sales. EuropaCorp also has international rights, partnerships and licensing, production and soundtrack publishing activities. The Group has also been producing TV series since 2010. EuropaCorp’s integrated business model allows it to benefit from diversified sources of revenue. With a line-up boasting various types of films and a very strong foothold in international markets, the Group has produced France’s biggest international hits in recent years. EuropaCorp was founded by French filmmaker, screenwriter and producer Luc Besson. The Group owns a catalogue of 500 movies.

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.

Source: Amazon.com, Inc.

Amazon.com, Inc.
Media Hotline
Amazon-pr@amazon.com
www.amazon.com/pr

GGP to report 2Q 2017 financial and operational results on Wednesday, August 2, 2017

CHICAGO, 2017-Jun-29 — /EPR Retail News/ — GGP will report financial and operational results for the second quarter 2017 before the market opens on Wednesday, August 2, 2017. The company will host a conference call for investors and other interested parties on August 2, 2017, at 8:00 a.m. Central (9:00 a.m. Eastern). The information to be discussed during the call will be contained in the earnings release and supplemental financial package which will be available on the Investors section of GGP’s website at www.ggp.com.

The conference call will be accessible by telephone and through the Internet. Interested parties can access the call by dialing 877.845.1018 (international 707.287.9345). A live webcast of the conference call will be available in listen-only mode in the Investors section at www.ggp.com. Interested parties should access the conference call or website 10 minutes prior to the beginning of the call in order to register.

For those unable to listen to the call live, a replay will be available after the conference call event. To access the replay, dial 855.859.2056 (international 404.537.3406) conference ID: 44508800.

GGP

GGP is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

SOURCE: GGP Inc.

Contact:

Investor & Media Contact:
Kevin Berry
SVP Investor & Public Relations
kevin.berry@ggp.com
(312) 960-5529

 

 

Macy’s hosts fundraising event for the veteran organization Got Your 6

From Wednesday, June 28 to Tuesday, July 4, Macy’s will host fundraising event in stores and on macys.com

NEW YORK, 2017-Jun-29 — /EPR Retail News/ — Macy’s invites customers to celebrate July 4th and five years of giving back to America’s veterans with a fundraising event that benefits the veteran organization Got Your 6. From Wednesday, June 28 to Tuesday, July 4, customers can give $3 at the register at any store or on macys.com, and as a thank you receive a 25 percent off savings pass for select regular-priced and sale items or 15 percent off select regular-priced and sale jewelry, home and sale/clearance watches*. In addition, 100 percent of the $3 will be donated to Got Your 6 and its veteran-focused nonprofit partners.

Since Macy’s first partnered with Got Your 6 in 2013, the retailer has raised more than $8.3 million for the organization in support of the men and women who have served our country.

“Through the support of Macy’s customers and associates since 2013, we have helped raise funding for Got Your 6 that has made a tremendous impact in the veteran community,” said Lauren Anania, director of cause marketing at Macy’s. “From helping provide resources to homeless veterans to supporting them as they enter back into the workforce, we are deeply proud to continue this partnership and help even more military veterans and their families.”

Below are a few examples of the work Macy’s funding has helped accomplish through Got Your 6’s nonprofit partners:

  • Housed 41,169 chronically homeless veterans (Community Solutions)
  • Provided 23,374 hours of mental health support services (Give An Hour)
  • Trained 123,000 graduate students in mental health disciplines (Give An Hour)
  • Secured 585,000 commitments to hire veterans and military spouses (Hiring Our Heroes)
  • Helped 1,400 children – and an equal number of mentors – through programs that focus on grief and healing (Tragedy Assistance Program for Survivors, TAPS)

In the military, “Got your six” means “I’ve got your back.” As a coalition, Got Your 6 knows that most veterans leave the military seeking new challenges, and the campaign ensures that there are opportunities for them to continue their service and strengthen their communities.

“Over the past five years, Macy’s customers and associates have had the backs of America’s veterans,” said Iraq War veteran and Got Your 6 Executive Director Bill Rausch. “Thanks to Macy’s support, Got Your 6 and our nonprofit partners are being provided the resources to fulfill our mission of empowering veterans and delivering real change in communities across America. We’re excited to support this charity event while highlighting the tremendous contributions of our nation’s veterans.”

For more information about the Got Your 6 campaign and #IAm stories that highlight the unique veteran talents and contributions of Macy’s employees, visit macys.com/gotyour6.

*Additional exclusions and restrictions apply for the pass.

About Macy’s

Macy’s, the largest retail brand of Macy’s, Inc. (NYSE:M), delivers fashion and affordable luxury to customers at approximately 670 locations in 45 states, the District of Columbia, Puerto Rico and Guam, as well as to customers in the U.S. and more than 100 international destinations through its leading online store at macys.com. Via its stores, e-commerce site, mobile and social platforms, Macy’s offers distinctive assortments including the most desired family of exclusive and fashion brands for him, her and home. Macy’s is known for such epic events as Macy’s 4th of July Fireworks® and the Macy’s Thanksgiving Day Parade®, as well as spectacular fashion shows, culinary events, flower shows and celebrity appearances. Macy’s flagship stores — including Herald Square in New York City, Union Squarein San Francisco, State Street in Chicago, and Dadeland in Miami and South Coast Plaza in southern California — are known internationally and are leading destinations for visitors. Building on a more than 150-year tradition, and with the collective support of customers and employees, Macy’s helps strengthen communities by supporting local and national charities giving more than $54 million each year, plus 180,000 hours of volunteer service, to help make a difference in the lives of our customers.

For Macy’s media materials, including images and contacts, please visit our online pressroom at macys.com/pressroom.

About Got Your 6

Got Your 6 unites nonprofit, Hollywood, and government partners to empower veterans. We believe that veterans are leaders, team builders, and problem solvers who have the unique potential to strengthen communities across the country. As a coalition, Got Your 6 works to integrate these perspectives into popular culture, engage veterans and civilians together to foster understanding, and empower veterans to lead in their communities. For more information, visit gotyour6.org.

Source: Macy’s

Macy’s Media Relations
Julie Strider, 646-429-5213
julie.strider@macys.com
or
Tracy Davis, 646-429-7470
tracy.davis@macys.com

The National Grocers Association calls for entries for its annual Creative Choice Awards

Winners will be revealed and highlighted at The NGA Show

Arlington, VA , 2017-Jun-29 — /EPR Retail News/ —  The National Grocers Association (NGA) is calling for entries for its annual Creative Choice Awards to honor and recognize the best marketing and merchandising programs in the grocery industry. Creative Choice winners will be honored at The NGA Show, February 11-14, 2018 in Las Vegas, NV.

Retailers, wholesalers, manufacturers, suppliers, and advertising agencies engaged in the creation and use of marketing and merchandising programs for grocery stores may enter.  However, the Creative Choice Awards Contest is a retailer awards competition, and therefore the retailer will be awarded for the entry if it is chosen as a category winner.

This year’s contest will once again feature 10 categories from which two winners for each category, one entry from a 1 – 15 store operator and one entry from a 15+ store operator will be selected.

Entries will be judged based on the criteria of creativity, clarity, and effectiveness by a panel of industry experts. From the category winners, one “Outstanding Marketer” and one “Outstanding Merchandiser” winner will be selected from a list of category winners and determined by both the judges, and through online voting. The “Outstanding Merchandiser” and “Outstanding Marketer” titles are the highest award of the Creative Choice Awards Contest.

The annual Creative Choice Awards Contest, sponsored by Kellogg’s and Unilever, honors the best marketing and merchandising programs in the independent supermarket industry that have boosted store traffic, increased item or department sales, positively impacted overall store sales or provided a unique benefit to the community. Marketing campaigns and merchandising events or promotions held between December 1, 2016 and December 1, 2017 are eligible for this year’s contest. All entries are due via online submission portal by Monday, December 11, 2017. More information, as well as the online submission portal, can be found at www.NGACreativeChoice.com.

For over 30 years, The NGA Show has been the place where independents gather, connecting grocery retailers and wholesalers, food manufacturers and service providers from around the world to share innovative solutions and best practices that support and strengthen the independent supermarket channel. More information on The NGA Show can be found at www.theNGAshow.com.

SOURCE: NGA

Contact:

Tel: (703) 516-0700
Fax: (703) 516-0115

 

CBRE and PwC survey: 23% of companies have not yet started to implement the new lease accounting standards

Those who have begun implementation report greater-than-expected effort

Los Angeles, 2017-Jun-29 — /EPR Retail News/ — Twenty-three percent of companies have not yet started to implement the new lease accounting standards, nearly 18 months after they were promulgated by the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB), according to a new survey from CBRE and PwC US.

Of those who say adoption is “in progress,” 52 percent say they are only 0 to 25 percent complete. The new lease accounting standards go into effect in 2019 for public companies.

“The survey results confirm that many public companies, for various reasons, including concentrating on implementing the new revenue recognition standard in 2018, have not been focused on the new lease accounting standards. These companies are now beginning to realize they are only six quarters away from the effective date and that it is time to pick up their pace,” said Jeff Beatty, Senior Managing Director of CBRE’s Financial Consulting Group and leader of the company’s Global Lease Accounting Task Force.

The survey results do indicate greater focus in this area, with 66 percent having formed an internal working group to address the adoption of the new standards. This is an important first step for any company as the complexity and nuances of the new standards will require greater collaboration and sharing of information between business units than they are accustomed to.

Of the companies who have started implementing the new standards, 47 percent report expending a greater-than-expected effort.

“Given the breadth and potential systems and process changes associated with implementing the new standards, companies should consider a phased approach that begins with a current-state assessment focused on lease inventory, processes and data and system capabilities,” said Sheri Wyatt, Partner within PwC’s Capital Markets & Accounting Advisory Services practice. “Some companies may be underestimating the time and effort required, but a comprehensive assessment will ultimately provide better clarity around the length and complexity of adopting these new standards.”

The survey found that data collection and systems are among the biggest challenges facing most companies, with 75 percent of respondents indicating these implementation issues are “somewhat or very difficult.”

“Many companies will find that they will likely need to consider the integration of third-party lease administration software into their process given the complexity and additional data required to comply with the new standards,” said Peter Kitchin, Director of Portfolio Services for the Americas, CBRE.

For the full survey results, key findings and methodology, click here.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

SOURCE: CBRE Group, Inc.

MEDIA CONTACT:

Robert McGrath
212.984.8267
robert.mcgrath@cbre.com

CBRE recognized with Realcomm’s Digie award for its smart building solutions innovations

CBRE Recognized for “Best Use of Automation” for Second Consecutive Year

Los Angeles, 2017-Jun-29 — /EPR Retail News/ — CBRE has earned Realcomm’s Digie award for its smart building solutions innovations.  This marks the second consecutive year that CBRE has been recognized by Realcomm, a worldwide research and event company focused on real estate technology, for the company’s use of automation and technology.

CBRE’s smart building solutions business, CBRE|ESI, was recognized for several achievements, including:

  • First service-provider to deploy a Smart Building Client Experience Center
  • Designing and building one of the first of the LEED Triple Platinum buildings in the U.S. as its headquarters
  • Ongoing pursuit of leading-edge smart building strategies and industry leadership going far beyond “normal” industry best practices

CBRE|ESI, led by Paul Oswald, is an integral part of CBRE’s Global Workplace Solutions (GWS) business.

“CBRE|ESI’s automation and smart building solutions create tremendous value for both individual facilities and portfolios,” said Matt Werner, President, Enterprise Facilities Management for CBRE’s GWS business.  “As master system integrators, our passion is making client facilities as efficient as possible while enhancing the workplace experience. We are thrilled that the experts at Realcomm once again recognized the hard work and pioneering innovation of our colleagues at CBRE|ESI.”

Realcomm’s “Digie” awards recognize companies, real estate projects, technologies and people that go above and beyond to positively impact the real estate industry using technology, automation and innovation.

In 2016, CBRE earned Realcomm’s Digie award for its CORE Asset Services operating platform, which allows property management professionals to assess and track key performance indicators and operational data to help clients make timely and strategic decisions.

For more information about CBRE|ESI, please visit: www.cbre.com/smarterbuildings.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com

SOURCE: CBRE Group, Inc.

MEDIA CONTACT:

Robert McGrath
212.984.8267
robert.mcgrath@cbre.com