ARA: Officeworks wins 2017 eftpos Australian Retailer of the Year title

Melbourne, Australia, 2017-Aug-04 — /EPR Retail News/ — Australia’s extraordinary retailers have been crowned today (3 August 2017) at the Australian Retailers Association’s (ARA) 2017 eftpos Australian Retail Awards, with Officeworks taking out the coveted eftpos Australian Retailer of the Year title.

In an exceptional field of remarkable retailers, Officeworks have grown into Australia’s largest supplier of office and stationery products. As a true category-killer, this outstanding retailer has climbed to the pinnacle of the industry, dominating the $12 billion market sector.

With this prestigious award being the hardest on record to judge, the ARA reimagined the 2017 selection process to ensure this year’s methodology was not only credible but intellectually sound.

Russell Zimmerman, ARA Executive Director, said the unique process included three pillars of in-depth research to determine the 2017 Retailer of the Year Award.

“As the retail industry’s peak representative body, it is important that we recognise and celebrate these remarkable retailers’ success on the national stage that is the 2017 eftpos ARA Australian Retail Awards,” Mr Zimmerman said.

“The exceptionally high standard of submissions we received this year was a profound reminder of the vibrant passion that encapsulates the retail industry.”

eftpos Managing Director, Bruce Mansfield, said eftpos was proud to support the Awards because they recognised the extraordinary work done by the hundreds of thousands of retailers who serve Australian communities every single day.

“Retail is an exceptionally important industry because it impacts all of our daily lives,” Mr Mansfield said.

“With the rise of international marketplaces, mobile platforms and the dynamic needs of modern shoppers, it will be extraordinary Australian retailers who continue to thrive in the shifting retail landscape.”

This year’s breakfast event was held at the National Gallery of Victoria with esteemed ABC journalist Beverley O’Connor hosting the Awards. Radek Sali of Swisse also entertained the 550 guests by sharing his incredible retail success as keynote speaker.

With 10 awards up for grabs at the Awards breakfast, the 2017 winners stood out from the retail crowd in each of their categories.

Mr Zimmerman said the overarching lesson from this year’s winners is both profound and powerful as the high standard of submissions and the quality of entries to the 2017 eftpos ARA Australian Retail Awards proved the retail sector’s strength and resilience.

“The future prosperity of the Australian industry doesn’t lie in the challenges themselves, it lies in how we choose to embrace them to move retail forward.”

2017 eftpos ARA AUSTRALIAN RETAIL AWARDS WINNERS

EFTPOS RETAILER OF THE YEAR
WINNER: OFFICEWORKS
RUNNERS UP: DAN MURPHY’S, BUNNINGS WAREHOUSE, JB HIFI, ALDI AUSTRALIA, IKEAEFTPOS INDEPENDENT RETAILER OF THE YEAR
WINNER: THE PARTY PEOPLE
RUNNER UP: NIMBLE ACTIVEWEAR

FRONTLINE RETAIL EMPLOYER OF THE YEAR
WINNER: ALDI AUSTRALIA
RUNNER UP: PEREGRINE CORPORATION

PRONTO SOFTWARE RETAIL DISRUPTOR OF THE YEAR
WINNER: AIRBNB AUSTRALIA
RUNNER UP: CRUST GOURMET PIZZA BAR

TEMANDO OMNI-CHANNEL RETAILER OF THE YEAR
WINNER: EB GAMES
RUNNER UP: PETSTOCK

SHOP-FOR-SHOPS RETAIL STORE FIT-OUT OF THE YEAR 1-5 STORE
WINNER: NIMBLE ACTIVEWEAR
RUNNER UP: LUC HOMEWARES AND DESIGNSHOP-FOR-SHOPS RETAIL STORE FIT-OUT OF THE YEAR 6+ STORE
WINNER: READINGS DONCASTER & READINGS KIDS
RUNNER UP: AMART FURNITUREREST INDUSTRY SUPER INDIVIDUAL RETAILER OF THE YEAR
WINNER: DEAN SALAKAS, THE PARTY PEOPLE
RUNNER UP: KELSEY SUBRITSKY, PANDORA

THE REALISE GROUP PEOPLE’S CHOICE AWARD
WINNER: MYER
RUNNER UP: BUNNINGS WAREHOUSE

ARA RETAIL INSTITUTE CORPORATE SOCIAL RESPONSIBILITY AWARD
WINNER: HILL STREET

FCB GROUP RETAIL HR RISING STAR OF THE YEAR
WINNER: SHALYSSE ROMER, HUGO BOSS

2017 ARA RETAIL HALL OF FAME AWARD
WINNER: WILSON RETAIL

About the eftpos ARA Australian Retail Awards:

First held in the 1970s, the eftpos ARA Australian Retail Awards are the nation’s longest running and most prestigious retail event, recognising and rewarding outstanding retail businesses, innovations, and individuals across all sectors of retail. Relaunched in 2008, the annual 2017 eftpos ARA Australian Retail Awards breakfast will commence on Thursday 3 August at Melbourne’s National Gallery of Victoria.

About the Australian Retailers Association:

Founded in 1903, the Australian Retailers Association (ARA) is the retail industry’s peak representative body representing Australia’s $310 billion sector, which employs more than 1.2 million people. The ARA works to ensure retail success by informing, protecting, advocating, educating and saving money for its 7,500 independent and national retail members throughout Australia. For more information, visit www.retail.org.au or call 1300 368 041.

For interview opportunities contact the ARA Media team on 0439 612 556 or email media@retail.org.au.

Source: Australian Retailers Association

Majid Al Futtaim and Al Jazira Club to invest AED 1.4 billion in new shopping destination, City Centre Al Jazira

Majid Al Futtaim and Al Jazira Club to invest AED 1.4 billion in new shopping destination, City Centre Al Jazira

 

Abu Dhabi, United Arab Emirates, 2017-Aug-04 — /EPR Retail News/ — Abu Dhabi’s retail and entertainment sectors are set for further growth following the announcement of the first-ever City Centre mall in the UAE capital. City Centre Al Jazira is a joint venture between Majid Al Futtaim, the Middle East, Africa and Asia’s leading shopping mall, communities, retail and leisure pioneer, and Al Jazira Sports and Cultural Club, a key Abu Dhabi football club.

Construction on the AED 1.4 billion City Centre Al Jazira, strategically located between the Airport Road and Al Muroor Road in the heart of Abu Dhabi, is set to begin in October 2017 and is scheduled for completion in early 2021. The centre will include 153 retail stores, a Carrefour Hypermarket, a 15-screen VOX Cinemas, Magic Planet family entertainment destination, a City Centre Clinic and a fitness centre, as well as indoor and alfresco dining choices. Total leasable area is expected to be 80,500 sqm within a built-up area of 215,000 sqm.

“The Al Jazira Sports and Cultural Club is a renowned and long-time established institution that believes in empowering and developing communities. By joining forces with Majid Al Futtaim, we are thrilled by the opportunity to play a role in the creation of a new lifestyle destination that will bring people together in the heart of the capital, Abu Dhabi,” said Saeed Mohammed bin Batti Al Qubaisi, Chairman of Al Jazira for Investment at Al Jazira Sports and Cultural Club

“As part of Al Jazira Club’s vision to diversify its investments, the new shopping destination is an important addition to other investment projects which ensures the sustainability and diversity of Al Jazira Club’s portfolio,” said Mohammed Haji Khouri, Chairman of the joint venture.

“City Centre Al Jazira marks a significant investment from Majid Al Futtaim into the UAE capital, driven by Abu Dhabi’s growing and affluent residential market and world-class infrastructure development projects, from transportation to museums,” said Ghaith Shocair, Chief Executive Officer Shopping Malls, Majid Al Futtaim Properties.

“Bringing the City Centre brand of shopping malls to the capital will open the doors to an integrated shopping, lifestyle and entertainment destination for the community and contribute to Abu Dhabi’s vision that aims to develop a competitive, sustainable and globally open economy.”

Majid Al Futtaim’s announcement of City Centre Al Jazira marks the company’s latest investment into Abu Dhabi’s retail and entertainment landscape and underscores its leadership in the country’s lifestyle sector. This announcenemt is part of the retail pioneer’s plans to increase its total investment in the UAE by AED 30 billion by 2026, taking its total investment in the country to AED 48 billion. Majid Al Futtaim announced new malls including My City Centre Masdar, also located in Abu Dhabi, which is set to open by the end of 2018, as well as City Centre Al Zahia in Sharjah, and My City Centre Al Dhait in Ras Al Khaimah.

Source: Majid Al Futtaim

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CommerceHub Q2 2017 Financial Results: Revenue was $25.2 million, a 9% YoY increase from $23.1 million in 2016

  • Revenue of $25.2 million increases 9%, $0.05 GAAP EPS, and $0.08 adjusted EPS
  • Signs Top 10 U.S. Retailer and First U.K. Drop-Ship Retailer

ALBANY, N.Y., 2017-Aug-04 — /EPR Retail News/ — CommerceHub, Inc. (NASDAQ:CHUBA) (NASDAQ:CHUBK) (“CommerceHub,” “we,” “us,” “our” or the “Company”), a leading distributed commerce network for retailers and brands, today (Aug. 02, 2017) announced financial results for the quarter ended June 30, 2017.

“We are pleased with the solid second quarter results we announced today, including continued revenue growth and expanding profitability,” said Frank Poore, CommerceHub’s Founder, President and CEO. “We are excited to announce the addition of two strategic retailer customer wins during the quarter, making four year-to-date and delivering on the high-end of our goal of 2-4 new retailer customers per year. One is a top 10 U.S. retailer, and the other marks our first retail drop-ship customer in the U.K. The U.S. win demonstrates our market leadership and our ability to deliver high-volume drop-ship fulfillment at scale. The U.K. win establishes a beachhead for our drop-ship offerings and should help to further unlock the U.K. market for CommerceHub.”

“In addition to $2.2 million of net income for the quarter, we generated $8.6 million in adjusted EBITDA, representing 34 percent of revenue for the quarter and a 7 percentage point improvement over the same period last year. We also delivered strong free cash flow and continued to pay down debt, strengthening our net cash balance,” said Mark Greenquist, CommerceHub’s CFO. “We are pleased with our recent customer wins and believe this new U.S. retailer could eventually become a top 10 customer for CommerceHub.”

Second Quarter 2017 Financial Highlights

  • Revenue was $25.2 million, a 9% year-over-year increase from $23.1 million in 2016. Core drop-ship revenue, which excludes revenue from our demand channel solutions, increased 14%.
  • Gross margin was 78%, compared to 77% in 2016.
  • Adjusted gross margin was 78%, compared to 75% in 2016.
  • Net income was $2.2 million, or $0.05 per diluted share, compared to $4.4 million, or $0.10 per diluted share, in 2016.
  • Adjusted net income was $3.7 million, or $0.08 per diluted share, compared to $2.6 million, or $0.06 per diluted share, in 2016.
  • Adjusted EBITDA was $8.6 million, compared to $6.3 million in 2016.
  • Operating cash flow was a positive $7.1 million, compared to a negative $73.3 million in 2016, which was impacted by a non-recurring cash payment of $78.5 million in share-based compensation related to our spin-off from Liberty Interactive.
  • Free cash flow was a positive $6.5 million, compared to a negative $76.5 million in 2016.
  • Cash at quarter end was $6.8 million and the total amount outstanding under our credit facility was $6.0 million.

An explanation of the non-GAAP financial measures discussed above is included below under the heading “Statement Regarding Non-GAAP Financial Measures.”  A reconciliation of these non-GAAP financial measures to the closest comparable GAAP financial measures has also been provided in the financial tables included at the end of this press release.

Other Recent Highlights

  • Total customer count at June 30, 2017 was 11,274, up from 9,730 at June 30, 2016, or 16% year-over-year.
  • Drop-ship order volume growth was 17% in the second quarter.
  • We expanded our CommerceHub for Retailers network with the signing of a top 10 U.S. retailer that we believe has the potential to become a top 10 customer for CommerceHub. This win is a conversion of an existing in-house drop-ship program, which we believe demonstrates the complexity of such programs and the value CommerceHub can deliver through increased operational efficiencies, improved customer service and capital-efficient expansion of product assortments.
  • We signed our first U.K. retailer drop-ship customer. This is a mid-sized U.K. retailer seeking to expand its ecommerce business by leveraging CommerceHub’s drop-ship model, while reducing inventory risk and operating costs.

Conference Call Details
The Company will offer a live conference call, and a live, listen-only webcast of the call via the CommerceHub Investor Relations website at 4:30 p.m., E.T., today, Wednesday, August 2, 2017.  See http://ir.commercehub.com/events.cfm, where supporting materials, including a presentation and supplemental financial data, have been posted.

Live Call: U.S./Canada Toll-Free Participants Dial-in Number: (800) 219-6912
International Toll Participants Dial-in Number: (574) 990-1026
Conference ID/Passcode: 55684519
Webcast (live and replay): http://ir.commercehub.com/events.cfm

About CommerceHub:
CommerceHub is a distributed commerce network connecting supply, demand and delivery that helps retailers and brands increase sales by expanding product assortments, promoting products on the channels that perform, and enabling rapid, on-time customer delivery. With its robust platform and proven scalability, CommerceHub helped over 10,000 retailers, brands, and distributors achieve an estimated $13+ billion in Gross Merchandise Value in 2016.

Important Information Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about future business strategies, future financial performance, market conditions and potential, future growth of ecommerce, customer growth, sales channel expansion, international expansion and other matters that are not historical facts. These statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, market acceptance and performance of our products and services, competitive issues, general market conditions, regulatory matters affecting our business and changes in law. These forward-looking statements speak only as of the date of this presentation, and we expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any such statement contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. There can be no assurance that any expectation or belief expressed in a forward-looking statement will occur, and you should not place undue reliance on any forward-looking statements. Please refer to our public filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2016, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, for additional information about us and the risks and uncertainties we face that may affect the forward-looking statements made in this press release.

Statement Regarding Non-GAAP Financial Measures
In addition to reporting financial measures calculated in accordance with U.S. generally accepted accounting principles (“GAAP”), we provide non-GAAP financial measures that management considers in reviewing our financial performance because we feel they are relevant measures of the overall efficiency of our business model. These non-GAAP financial measures are not a substitute for, or superior to, and should be considered only in addition to, financial measures calculated in accordance with GAAP. They are subject to inherent limitations and exclude significant expenses and income that are required by GAAP to be recorded in our financial statements. Certain of these adjustments are based on estimates and assumptions of management and do not purport to reflect actual historical results. In addition, you should be aware that our computation of these non-GAAP financial measures may not be comparable to other similarly titled measures computed by other companies, because all companies do not calculate these measures in the same fashion. We define “adjusted gross profit” as gross profit plus share-based compensation and acquisition-related intangible amortization. We define “adjusted gross margin” as adjusted gross profit divided by revenue. We define “adjusted operating expenses” as total operating expenses less share-based compensation and acquisition-related intangible amortization. We define “adjusted EBITDA” as net income or loss plus interest expense, income tax expense, depreciation of property and equipment, amortization of capitalized software costs and intangible assets and share-based compensation expense, less interest income and income tax benefit.  We define “adjusted net income” as net income or loss plus share-based compensation, acquisition-related intangible amortization and the tax effect of these adjustments. We define “adjusted earnings per diluted share” or “adjusted EPS” as earnings per diluted share plus the diluted per share effects of share-based compensation, acquisition-related intangible amortization and the tax effect of these adjustments.  We define “free cash flow” as net cash provided by, or used in, operating activities less purchases of property and equipment and additions to capitalized software. A reconciliation of these non-GAAP financial measures to the closest comparable GAAP financial measures has been provided in the financial tables included at the end of this press release.

CommerceHub Investor Relations Contact:

Sara Leggat
investor@commercehub.com

Source: CommerceHub

CommerceHub to present at upcoming investor conferences

ALBANY, N.Y., 2017-Aug-04 — /EPR Retail News/ — CommerceHub, Inc. (NASDAQ:CHUBA) (NASDAQ:CHUBK) (“CommerceHub” or the “Company”), a leading distributed commerce network for retailers and brands, today (Aug. 01, 2017) announced that management will present at the following investor conferences:

  • KeyBanc Capital Markets 19th Annual Global Technology Leadership Forum at the Sonnenalp Hotel in Vail, CO on Monday, August 7, 2017;
  • The Oppenheimer 20th Annual Technology, Internet & Communications Conference at the Four Seasons Hotel in Boston, MA on Wednesday, August 9, 2017; and
  • Canaccord 37th Annual Growth Conference at the InterContinental Hotel in Boston, MA on Thursday, August 10, 2017.

During the presentations, management may discuss the Company’s financial and operating performance and strategy, among other topics, which may include future opportunities.

The presentations will be webcast live and available on the “Events and Presentations” page of the Company’s investor relations site at http://ir.commercehub.com/events.cfm. An archive of each webcast will also be available for 90 days after the conclusion of the event.

About CommerceHub :
CommerceHub is a distributed commerce network connecting supply, demand and delivery that helps retailers and brands increase sales by expanding product assortments, promoting products on the channels that perform, and enabling rapid, on-time customer delivery. With its robust platform and proven scalability, CommerceHub helped over 10,000 retailers, brands, and distributors achieve an estimated $13+ billion in Gross Merchandise Value in 2016.

CommerceHub Investor Relations Contact:

Sara Leggat
investor@commercehub.com

Source: CommerceHub

CommerceHub announces promotion of Kathleen Conley to SVP of Operations

ALBANY, NY, 2017-Aug-04 — /EPR Retail News/ — CommerceHub (NASDAQ: CHUBA) (NASDAQ: CHUBK), a leading distributed commerce network for retailers and brands, today ( 08/02/17) announced the promotion of Kathleen Conley to Senior Vice President of Operations.

“Kathleen has delivered tremendous value leading our platform operations teams that support our growing network of over 10,000 customers — including some of the world’s largest retailers,” said Frank Poore, CommerceHub’s Founder and CEO. “She has advanced the scalability and efficiency of our operations into a competitive advantage in the market.”

Previously, Conley was Vice President of Operations, a role she held with the Company since 2014. In her new role, Ms. Conley will manage teams collectively responsible for product and services delivery, which includes platform on-boarding, customer service, product training, and other advisory services.

“Kathleen’s leadership and versatility are invaluable as we enter the next phase of CommerceHub’s story. Her promotion to Senior Vice President is a reflection of the confidence we have in her abilities, as well as CommerceHub’s continued growth,” added Mike Trimarchi, Chief Commercial Officer.

Prior to joining CommerceHub, Conley spent nine years directing Corporate Services at Albany-based Capital District Physicians’ Health Plan (CDPHP), eventually overseeing the entire project management office and implementation of other IT/development/technology initiatives as the department vice president.

Her 30+ year career spans a diverse portfolio of companies, including Bank of America, Viewlocity, Inc. (formerly SynQuest), Factory Automation & Computer Technologies, Inc. and Computer Integrated Modular Manufacturing (formerly Schlumberger). Throughout her career, Conley has led the development and implementation of enterprise-wide systems, instituted software development and quality assurance disciplines, and has been highly effective in developing product management disciplines to migrate organizations from customer-driven requests to market-driven releases. She received her MBA and BS in Computer & Systems Engineering from Rensselaer Polytechnic Institute in Troy, NY.

“I look forward to expanding my contributions to CommerceHub’s mission and influencing our customers’ ability to compete in the highly competitive and evolving world of ecommerce,” said Conley.

About CommerceHub

CommerceHub is a distributed commerce network connecting supply, demand and delivery that helps retailers and brands increase sales by expanding product assortments, promoting products on the channels that perform, and enabling rapid, on-time customer delivery. With its robust platform and proven scalability, CommerceHub helped over 10,000 retailers, brands, and distributors achieve an estimated $13+ billion in Gross Merchandise Value in 2016.

Media Contact: 
Christina Mautz
cmautz@commercehub.com
(206) 832-3900

Source: CommerceHub

Apranga Group retail turnover reached EUR 19.0 million in July 2017; 0.6% up from July 2016

Vilnius, Lithuania, 2017-Aug-04 — /EPR Retail News/ — The retail turnover (including VAT) of the Apranga Group reached EUR 19.0 million in July 2017, and has increased by 0.6% in comparison to July 2016.

In January through July 2017, the retail turnover of Apranga Group (including VAT) amounted to EUR 118.3 million, and increased by 4.4% year-to-year.

In January-July 2017, the retail turnover of the Apranga Group in Lithuania increased by 3.9% year-to-year, in Latvia increased by 2.5% and in Estonia by 9.0%.

Currently Apranga Group operates the chain of 181 stores (105 in Lithuania, 47 in Latvia and 29 in Estonia) covering the gross area of 84.4 thousand sq. m., or by 4.2% more than a year ago.

Contact:

Rimantas Perveneckas
Apranga Group Director General
+370 5 2390801

Source:  Apranga Group

Restaurant Brands International intention to renew its normal course issuer bid for its common shares

OAKVILLE, ON, 2017-Aug-03 — /EPR Retail News/ — Restaurant Brands International Inc. (TSX/NYSE: QSR) (“RBI”) announced today that it has filed, and the Toronto Stock Exchange (the “TSX”) has accepted, notice of RBI’s intention to renew its normal course issuer bid (the “NCIB”) for its common shares (“Common Shares”). The NCIB is being conducted in furtherance of RBI’s current share repurchase authorization, authorized by the Board of Directors of RBI in August 2016, pursuant to which RBI may purchase up to US$300 million of its Common Shares over the next four years (the “Repurchase Authorization”).

The TSX notice provides that RBI may, during the 12-month period commencing August 8, 2017 and ending on August 7, 2018, purchase up to 19,215,980 Common Shares, representing 10% of its public float of 192,159,806 Common Shares as of July 25, 2017 (a total of 236,272,503 Common Shares were issued and outstanding as of such date). Purchases under the NCIB will be made through the facilities of the TSX, the New York Stock Exchange (the “NYSE”) and/or alternative Canadian or foreign trading systems, if eligible, or by such other means as may be permitted by the TSX and/or the NYSE under applicable law. Purchases under the Repurchase Authorization made on the TSX will be made in compliance with the rules of the TSX at a price equal to the market price at the time of purchase or such other price as may be permitted by the TSX. In accordance with TSX rules, any daily repurchases (other than pursuant to a block purchase exception) on the TSX under the NCIB are limited to a maximum of 100,736 Common Shares, which represents 25% of the average daily trading volume on the TSX of 402,944 for the six months ended July 31, 2017. Purchases under the Repurchase Authorization made on the NYSE will be made in compliance with Securities and Exchange Commission Rule 10b-18 and the U.S. federal securities laws.

Under its prior NCIB that commenced on August 8, 2016 and expires on August 7, 2017, RBI previously sought and received approval from the TSX to repurchase up to 18,085,962 Common Shares. While RBI has not repurchased any Common Shares for cancellation under its Repurchase Authorization in the past 12 months, the plan agent under RBI’s employee stock purchase plan purchased an aggregate of 5,287 Common Shares in the past 12 months for the benefit of plan participants at an average price of C$68.25 per Common Share.

RBI believes that the market price of Common Shares could be such that their purchase may be an attractive and appropriate use of corporate funds. Decisions regarding the amount and the timing of future purchases of Common Shares will be based on market conditions, share price and other factors. RBI may elect to modify, suspend or discontinue the Repurchase Authorization, and its NCIB, at any time. Repurchases under the Repurchase Authorization will be funded using RBI’s cash resources and all shares repurchased will be cancelled.

About Restaurant Brands International

Restaurant Brands International Inc. (“RBI”) is one of the world’s largest quick service restaurant companies with more than $28 billion in system-wide sales and over 23,000 restaurants in more than 100 countries and U.S. territories. RBI owns three of the world’s most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, and POPEYES®. These independently operated brands have been serving their respective guests, franchisees and communities for over 40 years. To learn more about RBI, please visit the company’s website at www.rbi.com.

Forward-Looking Statements

This press release includes forward-looking statements and information, which reflect management’s current beliefs and expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. These forward-looking statements include statements about RBI’s expectations and belief regarding its normal course issuer bid purchases. The factors that could cause actual results to differ materially from RBI’s expectations are detailed in filings of RBI with the Securities and Exchange Commission and applicable Canadian securities regulatory authorities, such as its annual and quarterly reports and current reports on Form 8-K, and include the following: risks related to RBI’s ability to successfully implement its domestic and international growth strategy; and risks related to RBI’s ability to compete domestically and internationally in an intensely competitive industry. Other than as required under US federal securities laws or Canadian securities laws, we do not assume a duty to update these forward-looking statements, whether as a result of new information, subsequent events or circumstances, change in expectations or otherwise.

SOURCE Restaurant Brands International Inc.

Media Relations line at Media@RBI.com

Restaurant Brands International to bring the TIM HORTONS® brand in Spain

OAKVILLE, ON, 2017-Aug-03 — /EPR Retail News/ — Restaurant Brands International Inc. (“RBI”) announced today that it has entered into an agreement with a joint venture partner to develop and grow the TIM HORTONS® brand in Spain.

“We are thrilled to announce plans to launch the iconic TIM HORTONS® brand in Spain, which is one of the largest café markets in Europe,” said Daniel Schwartz, CEO of Restaurant Brands International. “We see a unique opportunity for our partner to build brand awareness and open restaurants in this dynamic market.”

“Our partner has the right combination of market expertise and QSR experience to help drive growth for the TIM HORTONS® brand in the Spanish market,” said Lucas Muniz, Regional President of Tim Hortons, International. “Spain is an attractive growth market that is well suited to the unique offerings available at TIM HORTONS® including our high-quality coffee and fresh food at great value.”

“TIM HORTONS® is one of the most iconic quick service restaurant brands, and we believe we are well positioned to introduce the brand to consumers in Spain and rapidly develop the brand in the market.” said Gregorio Jimenez, CEO of Restaurant Brand Iberia. “We plan to deliver exceptional service, and great-tasting coffee and food to our Guests in Spain.”

This agreement is the latest example of RBI’s commitment to deliver on its international growth strategy to expand its iconic brands around the world. RBI has announced similar agreements for the development of the TIM HORTONS® brand in Mexico, Great Britain and the Philippines.

About Restaurant Brands International Inc.
Restaurant Brands International Inc. is one of the world’s largest quick service restaurant companies with more than $28 billion in system-wide sales and over 23,000 restaurants in more than 100 countries and U.S. territories. RBI owns three of the world’s most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, and POPEYES®. These independently operated brands have been serving their respective guests, franchisees and communities for over 40 years. To learn more about RBI, please visit the company’s website at www.rbi.com.

ABOUT TIM HORTONS®
TIM HORTONS® is one of North America’s largest restaurant chains operating in the quick service segment. Founded as a single location in Canada in 1964, TIM HORTONS®appeals to a broad range of consumer tastes, with a menu that includes premium coffee, hot and cold specialty drinks (including lattes, cappuccinos and espresso), specialty teas and fruit smoothies, fresh baked goods, grilled Panini and classic sandwiches, wraps, soups, prepared foods and other food products. TIM HORTONS® has more than 4,600 system wide restaurants located in Canada, the United States, and around the world. To learn more about the TIM HORTONS® brand, please visit the TIM HORTONS® brand website at www.timhortons.com or follow us on Facebook, Twitter and Instagram.

Forward-Looking Statements
This press release includes forward-looking statements, which are often identified by the words “may,” “might,” “believes,” “thinks,” “anticipates,” “plans,” “expects,” “intends” or similar expressions and reflect management’s expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements include statements about RBI’s expectations and belief regarding the ability of Restaurant Brand Iberia to build brand awareness and open restaurants in Spain; its expectations and belief that Spain is well suited to the unique offerings available at TIM HORTONS® restaurants, including high quality coffee and fresh food at great value; its expectations and belief regarding the ability of Restaurant Brands Iberia to introduce the TIM HORTONS® brand to consumers in Spain and rapidly develop the brand in the market; its expectations and belief regarding the ability of Restaurant Brands Iberia to deliver exceptional service, and great-tasting coffee and food to its guests in Spain; and its expectations regarding RBI’s ability to deliver on its international growth strategy to expand its iconic brands around the world. The factors that could cause actual results to differ materially from RBI’s expectations are detailed in filings of RBI with the U.S. Securities and Exchange Commission and on the securities regulatory authorities in each province and territory of Canada, such as its annual and quarterly reports and current reports on Form 8-K and include the following: risks related to RBI’s ability to successfully implement its domestic and international growth strategy; and risks related to RBI’s ability to compete domestically and internationally in an intensely competitive industry. Other than as required under U.S. federal securities laws or Canadian securities laws, we do not assume a duty to update these forward-looking statements, whether as a result of new information, subsequent events or circumstances, change in expectations or otherwise.

SOURCE Restaurant Brands International Inc.

Media Relations line at Media@RBI.com

Shop Direct to host colleagues at its newly opened London hub

Shop Direct to host colleagues at its newly opened London hub

LIVERPOOL, 2017-Aug-03 — /EPR Retail News/ — Shop Direct, the UK’s second largest pureplay digital retailer, has opened its London hub at 111 Buckingham Palace Road. The office, known as Sky Victoria, will host colleagues working across data science, IT, eCommerce, product and brand.

The 25,000 sq ft space, designed by award-winning interior design specialists SpaceInvader Design, reflects Shop Direct’s focus on m-commerce and personalisation, and is planned with the company’s shift towards agile working practices at its centre.

The hub includes a range of different collaboration spaces, product showrooms, industry-leading wireless technology, a tree-lined catwalk and room for up to 250 colleagues, who will comprise a mix of new hires, existing colleagues, and some who will split their time between London and the company’s head office in Liverpool.

The space also features a nod to the digital pureplay etailer’s history, with a heritage wall featuring images of past Littlewoods catalogues, digital screens displaying real-time performance data and analysis, and relaxation spaces, including day beds and a games area.

The London hub will play an important role in delivering and maximising some of the company’s landmark growth initiatives. These include its investment in advanced analytics, machine learning and artificial intelligence, the continued development of advanced IT capabilities, and the expansion of its brand roster and recently launched own label, V by Very.

On Thursday 3 August Shop Direct will, with partners, host its first event at the office – a meet-up for the London tech community designed to fuel collaboration.

SOURCE: Shop Direct

MEDIA CONTACT

David Lafferty
Corporate media relations manager
0844 292 2738
07552 283 266
david.lafferty@shopdirect.com

Millennium Soft-Tech Creates Impressive Impact at IWS 2017

New Delhi, India, 2017-Aug-03 — /EPR Retail News/ —  Millennium Soft-Tech has made an impressive impact on the visitors in the recently concluded India Warehousing Show (IWS) 2017, which was held at Pragati Maidan in New Delhi, India, between July 27-29.

As most of the visitors to the annual show represented logistics and allied sectors, Millennium’s showcasing of advanced POS technology to support warehousing, logistics and supply chain management has evoked a good response among the visitors with some of them even placing spot orders for barcode scanners, barcode printers and data collectors of leading international brands.

To make the most of it, Millennium introduced spot discount offers for various POS products for visitors booking at the stall.

Bhaskar Venkatraman

Bhaskar Venkatraman, CEO and Director of Millennium Soft-Tech India, who attended the opening day of the event said: “India’s warehousing and logistics industry has seen considerable boom due to high growth in retail, e-commerce and manufacturing sectors. Also, the introduction of GST can be the game changer which will add up the growth momentum. As POS industry supplements the growth of logistics and warehousing businesses, we received excellent response from visitors in IWS 2017 who predominantly belonged to warehousing and logistics sectors and wanted to automate several of their mundane operations for their business growth.”

Millennium’s stall was marked by the display of advanced POS technology products such as table-top and industrial barcode scanners, industrial and desk-top barcode printers, colour label printers, hand-held data collectors, and other advanced devices from world’s leading brands such as EPSON, GODEX, HONEYWELL, OPTICON, POSIFLEX and TOSHIBA.

Strategically located, Millennium Stall has attracted people from various industries also as the display of products was catering to the needs of business applications of supermarkets, textile showrooms, electronic and electrical retail shops, entertainment, hospitality, to name a few.

To attend the customers visiting the stall, execute demos for them and answer their technical and business queries, staff from Millennium were stationed along with technology experts from brand partners.

Organized by Reed Manch Exhibitions, India, which is a joint venture between Manch Communications (India) and Reed Exhibitions (UK), IWS 2017 was a rendezvous point for major suppliers, manufacturers, buyers, decision-makers and professionals.

About Millennium India

Established in 2002, Millennium Soft-Tech (India) Pvt Ltd has been in the forefront of providing Point of Sale technology products and solutions to Indian businesses through astute marketing strategy supported by huge partners’ network across India.

Having associated with world’s leading POS brands, Millennium understands the growing demands of retailers better than anyone else irrespective of their size, stature and nature of business, and offers comprehensive, advanced and sustainable solutions to enhance their business.

Headquartered in Chennai and having branches all major cities in India, Millennium is credited with excellent logistics supports and capable of reaching products to the doorsteps of customers located in even remote areas.

As a leading nation-wide distribution company for multinational POS brands such as Epson, Posiflex, Casio, Toshiba and Honeywell, Millennium caters to some of the big super and hypermarket chains, kirana stores, textile showrooms, multiplexes, kiosks, restaurants, hospitals, and SMEs.

For media contact:

K Ramanathan, Content Head and Media Coordinator,

Millennium Soft-Tech India Pvt Ltd, India.

email: ram (at) justransact (dot) com

91+9384612789

Making Change At Walmart: “WALMART PROPOSES MORE MANUFACTURING JOBS, EVEN AS IT DESTROYS THEM”

WASHINGTON D.C., USA, 2017-Aug-03 — /EPR Retail News/ — In response to Walmart’s release of a “Policy Roadmap to Renew U.S. Manufacturing,” Making Change At Walmart Director Randy Parraz has issued the following statement:  

“Walmart doesn’t care about creating supplier manufacturing jobs in America, it cares about getting the cheapest product made, regardless of the cost. 

The release of a ‘policy roadmap’ is a pathetic publicity stunt. Sadly, Walmart pretends to propose more U.S. manufacturing jobs, at a time when its pressure is destroying them, like in Milton, Penn., and also at a time when it is recruiting more overseas vendors in China and other countries.

If Walmart wants to create more American manufacturing – the answer is simple: buy American,” concludes Parraz. 
  
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CONTACT:
Amy Ritter, (202) 251-5907

Premiala Includes Needle Cleaning Brushes with all its Meat Injectors

LONDON, 2017-Aug-03 — /EPR Retail News/ — Premiala BBQ and Kitchenware today announced an upgrade to its popular stainless steel meat injector kit. The company now includes small custom needle cleaning brushes as part of the kit.

Speaking about the upgrade, Premiala General Manager referred to it as “the latest” in a number of market-leading upgrades. “Our goal at Premiala has always been to put the customer first and listen to feedback about what they want. By doing this we’ve been able to understand what users actually need to ensure the changes we make will make life easier for them, and these brushes are just the latest example of this. Some of our customers reported difficulty in cleaning the inside of their needles after use, a problem which these brushes rectify.”

The company advised that at the time it launched its meat injector, competitor market offerings were a basic kit of an injector plus two needles. Premiala was the first to include spare o-rings, a small steak needle and extensive use of stainless steel, most of which have subsequently been picked up by competitors.

There are two brushes in the new kit – the larger one fits inside the 12 hole marinade needle, and the smaller one fits inside the small steak needle. They ensure all remnants of meat and marinade can be cleaned from the needle after use.

Luca De Simone, a member of one of Italy’s prestigious 037 BBQ competition team and Premiala product lover, said Premiala was a company which genuinely put the customer first. “We use Premiala products because Premiala listens to customer feedback and acts on it. This means we get products which do what we need on the competition circuit. They have been trailblazers for quality and new features and it’s great to see this latest feature which we’re sure others will love too!” He added that “while it’s a shame Premiala’s competitors copy a lot of their innovations, the end result is that the market ends up with products that are better appointed as a result of Premiala’s ongoing product development.”

Premiala also sells its injectors at Amazon Germany , Amazon UK, Amazon Italy and Amazon France.

More information about the Meat Injector is available from the manufacturer’s website.

About Premiala BBQ and Kitchenware: Premiala BBQ and Kitchenware provides premium quality BBQ and kitchen tools to home and professional users. It believes better health and well-being can be achieved by using premium tools, by providing superior results and greater user satisfaction while working.

Contact:
Greg Carder
General Manager
Premiala Ltd
enquiries@premiala.com
http://premiala.com