Daily Archives: August 23, 2017

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ShopRite Joins the Healthy NYC Movement

NEW YORK, 2017-Aug-23 — /EPR Retail News/ — JIG Media, owners of the Healthy NYC initiative, announced today that ShopRite has become the title sponsor of the Healthy NYC Expo, Brooklyn Edition.

Developed to create excitement and engagement around the topic of healthcare in New York City, the Healthy NYC Expo presented by ShopRite is set for Saturday November 4th, 2017 from 10am to 4pm at the Brooklyn Sports Club.

JIG’s COO, Vernon Jones Jr. stated, “We are elated to have ShopRite on board as the title sponsor of the Healthy NYC Expo’s Brooklyn edition! Their dedication to the communities they serve is evident and genuine, which aligns very well with our vision.”

Healthy NYC is a citywide initiative, with Brooklyn acting as the launching pad. The organizers have plans to produce one expo in each borough every year, as a way to galvanize community influencers, families, millennials, seniors, caregivers and healthcare professionals, around the idea of improving the overall Population Health of New York City.

In addition to over 30 booths and exhibits covering healthcare, fitness and nutrition, the expo provides attendees with tips and resources to achieve a healthier lifestyle. Event activities include medical screenings, prizes and giveaways, 90’s Hip Hop spin (cycling) class, Lauryn Hill inspired yoga, cooking demonstrations, zumba, healthcare panel discussions, health insurance options and much more.

Andrew Kent, Executive VP, ShopRite explained, “We are dedicated to the wellbeing of the communities we serve, which is why partnering with JIG Media on the Healthy NYC initiative was such an easy decision.”

Matthew Cofrancesco, Executive Director, Brooklyn Sports Club stated, “We are excited to be part of the Healthy NYC Expo, which will be a great event for the entire community.  The Brooklyn Sports Club has been serving Brooklyn residents for many years, and we truly enjoy being able to help improve the health and well-being of our friends and neighbors.”

With an expected attendance of over 1,000 and digital reach of over 50,000, the Healthy NYC platform is poised to become NYC’s go to destination for healthcare information. New Yorkers from every borough and neighborhood are invited to attend each expo.

Event registration is now open at healthynyc.com/expo.

To become a partner, vendor, or sponsor for the upcoming Healthy NYC Expo, contact JIG Media at 718.285.9351 or send an email to expo@healthynyc.com

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Large Format Display Market Global Trends, Key Vendors Analysis, Import & Export, Revenue by Forecast 2023

PUNE, India, 2017-Aug-23 — /EPR Retail News/ — Large Format Displays are screens which can be used differently and offer various advantages to various businesses. The large format displays are mostly LCD, LED and Plasma which are connected to display television through HDMI cable or digital signage.  Also, display format can be explained as a format where data is displayed.

The Large Format Displays Market are best for retail environments, leisure, museums, hospitals, education and in conferencing applications with limited requirements for brightness and can be operation 24 hours.

The factors contributing to the growth of the Large Format Display Market are growing innovation in LED displays, increasing usage of these displays in various applications, introduction of 4K technology, power efficiency and low cost of displays. Also, factors such as availability of high definition large format displays and growing application for digital signage acts as opportunities for the large display format market. However, features such stability, flexibility and environment resistance are boosting the overall growth of the market.

The global large format display market is expected to reach approximately USD 15.1 billion by the end of 2023 with 7% CAGR during forecast period 2017-2023.

Major Key Players:

  • Leyard Optoelectronic Co., Ltd. (China)
  • Samsung Electronics Co., Ltd. (South Korea)
  • Barco NV (Belgium)
  • Sony Corporation. (Japan)
  • LG Display Co., Ltd. (South Korea)
  • NEC Corp. (Japan)
  • Sony Corporation (Japan)
  • TPV Technology Ltd. (Hong Kong)
  • View Sonic Corporation (U.S.)

Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/3184

Contact:

Akash Anand,

Market Research Future

Office No. 524/528, Amanora Chambers

Magarpatta Road, Hadapsar

Pune – 411028

Maharashtra, India

+1 646 845 9312

Email: akash.anand@marketresearchfuture.com

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METRIC USA RELEASES ‘SILICONE ENHANCED WEIGHTLIFTING GRIP PADS AND STRAPS DOUBLE VALUE COMBO PACK’ ON AMAZON.COM

CULVER CITY, USA, 2017-Aug-23 — /EPR Retail News/ — Metric USA, a full-service American eCommerce site that works to develop, manufacture, and distribute innovative products across a variety of consumer industries today.  This week they are excited to announce their latest product, a Silicone Enhanced Weightlifting Grip Pad and Strap which is officially available for purchase on Amazon.com.

Passionate about easing consumer’s lives through products that embody innovation and convenience, Metric USA’s latest release is going to make lifting heavyweights easier and more pleasurable.

“This new value pack of 2 weight lifting grip pads and straps is being sold as at an unbeatable price for all shoppers on Amazon.com today,” said Rita Haft, Founder, and Owner of Metric USA. “Each one of the weight lifting strap features sturdy hook-and-loop fastening tape long enough to wrap around the bar two to three times, and is guaranteed to fit most hands.”

Ideal for powerlifting Dumbells, Kettlebells, Olympic Barbells, Men’s Barbells, Women’s Barbells, Junior Barbells, and other types of gym staples, the grip pad product will make lifting fun, enabling the user to enjoy a workout routine with reliable and supportive grip.

For everyone who purchases the product on Amazon.com, they will receive a printed illustrated insert card, which teaches users how to properly put the straps on, how to care for the straps over an extended period of time, and how to use them without injury.

“A free mesh carry pouch is also included to ensure this combo pack never gets lost,” said Rita Haft. “The weightlifting straps and bar pads fold flat and fit easily inside the bag. Spread the word, and head on over to Amazon.com to buy them while this offer lasts.”

For more information, visit https://www.amazon.com/dp/B0747K684B.

To visit their YouTube channel, go to https://www.youtube.com/channel/UCb1KcskM2BRi6zA8ltSjbQA.

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Premiala Releases New Basting Brush Set

LONDON, United Kingdom, 2017-Aug-23 — /EPR Retail News/ — Premiala BBQ and Kitchenware today announced the launch of a kitchen and BBQ Basting Brush Set.  The kit includes two cotton mop heads and a silicon mop head which can each be screwed onto the 14” wooden handle as required.  Also included in the sale is an e-book entitled ‘Basting Mastery’ which explains how to use the product and provides some basting recipes.

Premiala General Manager Greg Carder informed the press this kit was a result of its close strategic relationship with Italy’s famed 039 BBQ team.  “We are honored to have ongoing co-operation with the 037 team by sponsoring their entries into Europe’s World BBQ competition circuit, and we highly value the expert insight they give into Premiala’s product development.  We’re sure users will appreciate using products designed by experts who really know what a high performance mopping kit needs.”

Noting that cotton heads eventually need replacing, Premiala also sells spare cotton mop heads at a reasonable price.

039 BBQ Team leader Mr Luca De Simone, said they were thrilled to work with Premiala on the new mop, and that Premiala’s dedication to product research was evident in this new product. “Basting is an important part of our competition work, and we’re confident users are going to love this new mop kit.  The fact it has two interchangeable heads of different materials (cotton and silicon), the handle length, and ease of cleaning make it arguably the best available on the market today.  It’s what we’ve come to expect from Premiala, and look forward to using it this season”

Premiala’s Basting Brush Set is unusual in that included both cotton and silicon mop heads, as most basting brushes are either cotton or silicon, meaning users must purchase two brushes or decide between them.  There are times when either material is a poor choice, so a single mop handle with two interchangeable heads is a novel idea.

More information about the Basting Mop Kit 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

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Premiala Announces Launch of Stainless Steel Meat Shredder Claws

LONDON, 2017-Aug-23 — /EPR Retail News/ — Premiala BBQ and Kitchenware today announced the launch of a set of Stainless Steel Meat Shredder Claws.  Provided as a set of two, the claws are primarily used for shredding cooked meat to create pulled pork or beef, however they are also useful for moving large portions of meat such as whole chicken or turkey.  Also included in the sale is an e-book entitled ‘Grill Safety and Care’ which helps users get the best results from their grill or smoker.

“Everyone loves a serving of slow-roasted pork, but most shredding tools on the market today are full of compromises”, Premiala General Manager Greg Carder said today.  “Most claws are made of thin, cheap plastic, and while it’s easy to clean the claws themselves bend and flex when shredding or moving meat.  This means users can never quite know when the claw will slip and drop the whole cut of meat.  A few metal units do exist, but most either have plastic handles which compromise effective use, or wooden handles which eventually split and are harder to properly clean.”

“Premiala’s Stainless Steel Meat Claws address all these compromises in a single product”, he added.

Premiala’s Meat Claw is manufactured from a 2mm thick plate of food-safe 304-grade stainless steel, which ensures the prongs won’t break or bend and that food won’t be contaminated in any way.  The handle is a moulded oval shape which matches the shape of the user’s hand, and comprises a solid ABS core covered in a thick layer of food-safe rubber.  This provides both a strong center core, and a premium soft-touch feel as well as high levels of grip even when the product is wet or oily.  All components are dishwasher safe, meaning Premiala’s Stainless Steel Pulled Pork Shredder Claws can be easily cleaned.

More information about the Pulled Pork Shredder Claws 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
premiala.com

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Sheetz For The Kidz July in-store fundraising campaign raised $560,000 to support children in need

Sheetz employees and customers break fundraising record

ALTOONA, Pa., 2017-Aug-23 — /EPR Retail News/ — Sheetz For The Kidz, a Sheetz employee-run charity that for the past 25 years has set out to make the holiday season brighter for children in Pennsylvania, Maryland, Ohio, West Virginia, Virginia and North Carolina, today (Aug. 22, 2017) announced that it raised $560,000 during its July in-store fundraising campaign.  This is a record for the July campaign, exceeding last year’s total by more than $100,000.

Throughout the month of July, Sheetz customers supported Sheetz For The Kidz through in-store donations at checkout with one hundred percent of donations going directly to supporting the children in the local community of each store.  In addition to the July giving campaign, more than $750,000 was raised during the annual Sheetz For the Kidz Golf Classic, which celebrated its 19th year in May.

“In our 25th year, it is with great pleasure that we announce another record setting fundraising milestone for Sheetz For The Kidz,” said Travis Sheetz, Executive Vice President of Operations for Sheetz.  “We thank our customers who donate their funds to this effort.  We are also so appreciative of our dedicated employees who devote their time and efforts to helping kids in the communities our stores call home.”

The Sheetz For The Kidz Holiday Program provides children in need the opportunity to celebrate the holidays with new toys, clothes and other basic needs. The program works with The Salvation Army to identify families and collect their holiday wish lists. Sheetz employees from every Sheetz operating area shop, wrap and host parties for all the participating children. Over $1.4 million was distributed last year, making the holiday season brighter for more than 8,800 children in six states, amounting to 16 children from each Sheetz store location.

This will also mark the 12th year of Sheetz For The Kidz partnering with Make-A-Wish to sponsor families of seriously ill children so they can experience a weeklong dream vacation in Orlando, Florida. Fifty-four families will enjoy a cost-free vacation at Give Kids the World Village, an 84-acre, nonprofit “storybook” resort designed to provide accommodations for children with life-threatening illnesses and their families while experiencing the Disney vacation of their dreams.

About Sheetz For The Kidz
Sheetz For The  Kidz is a non-profit organization, designated as a 501(c) (3) charity, independent of the Sheetz Corporation. The organization was created in 1992 by local store employees wanting to help local children. The mission of the charity is to provide support, hope, joy and happiness to children in need within the communities in which Sheetz operates. To date, the charity has raised more than $22.9 million and helped more than 100,000 children!

About The Salvation Army
The Salvation Army, established in London in 1865, has been supporting those in need, in His name, without discrimination for more than 130 years in the United States. Approximately 30 million Americans receive assistance from The Salvation Army each year through a range of social services: food for the hungry, relief for disaster victims, assistance for the disabled, outreach to the elderly and ill, clothing and shelter for the homeless and opportunities for underprivileged children. 82 cents of every dollar we spend supports those services in 5,000 communities nationwide. The Salvation Army tracks the level of need across the country with the Human Needs Index (HumanNeedsIndex.org). For more information, go to salvationarmyusa.org, or follow us on Twitter @SalvationArmyUS.

About Make-A-Wish
Make-A-Wish grants the wishes of children with life-threatening medical conditions to enrich the human experience with hope, strength and joy. According to a 2011 U.S. study of wish impact, most health professionals surveyed believe a wish come true has positive impacts on the health of children. Kids say wishes give them renewed strength to fight their illness, and their parents say these experiences help strengthen the entire family. Headquartered in Phoenix, Make-A-Wish is one of the world’s leading children’s charities, serving children in every community in the United States and its territories. With the help of generous donors and more than 33,000 volunteers, Make-A-Wish grants a wish somewhere in the country every 34 minutes. It has granted more than 285,000 wishes since its inception in 1980—more than 15,300 in 2016 alone. Visit Make-A-Wish at www.wish.org to learn more.

For further information:</strong
Laura Hager
lhager@planitagency.com
667.219.2017

SOURCE: Sheetz, Inc.

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SPAR Ireland launches new community initiative to deliver life-saving defibrillator at every EUROSPAR Supermarket

Ireland, 2017-Aug-23 — /EPR Retail News/ — SPAR Ireland has launched a new community initiative, which aims to deliver a life-saving defibrillator at every EUROSPAR Supermarket. There are currently 50 EUROSPAR Supermarkets nationwide ensuring new defibrillators become available throughout the country – many in areas where a defibrillator is not currently available.

Michael Lyster of RTÉ (Radio, Television Ireland) was on hand to help launch the initiative at the Radisson Blu St. Helen’s Hotel in Dublin with Malachy Hanberry, EUROSPAR Managing Director and David Menzies, Co Chair and Medical Director, Cardiac First Responders Ireland. Michael suffered a cardiac arrest in 2015 and had to be resuscitated by the Cardiac First Responders. Therefore, he fully understands the importance of publically accessible defibrillators in our communities: “I am delighted to help launch the Defibrillator at every EUROSPAR Supermarket initiative as this equipment can really mean the difference between life and death. Having a defibrillator in a public space raises the profile of heart disease and ensures that people know where to find one when an emergency occurs. I look forward to the day when every EUROSPAR Supermarkets has a defibrillator in place,” he said.

The Defibrillator at every EUROSPAR Supermarket initiative will raise funds for the installation of a publically accessible, automatic external defibrillator (AED) located outside the EUROSPAR Supermarket. Funds will be raised through instore collection, community fund-raising activities and contributions from the sale of a selection of SPAR Own Brand products.

According to Malachy Hanberry, EUROSPAR Managing Director, “EUROSPAR Supermarkets are located at the heart of local communities. Therefore we wanted to come up with an initiative that looks after the well-being of the people in our communities and what better way than to install defibrillators outside our stores. EUROSPAR is focused, in a very tangible way, on helping to save lives in your local community.”

EUROSPAR, in partnership with CFR Ireland, will provide “chain of survival” awareness and CPR training in the local community as well as training for retailers and staff members. This training and awareness will be carried out by local Community First Responders to coincide with the installation of the AED at local stores.

Each AED is automated to produce a report tracking the status of the machine and highlighting any issues on a daily basis. It is EUROSPAR’s intention that each AED will be registered on the National Ambulance Service (NAS), CFR Ireland and other local defibrillator databases.

Contact:

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

Source: Spar International

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The Tesco Compensation Scheme opens for eligible shareholders and bondholders

CHESHUNT, England, 2017-Aug-23 — /EPR Retail News/ — The Tesco Compensation Scheme opens today (23 August 2017) for eligible shareholders and bondholders.

The scheme was previously announced on 28 March 2017, when Tesco PLC (Tesco) and Tesco Stores Limited announced an agreement with the Financial Conduct Authority (FCA) to compensate investors who were net purchasers of Tesco shares or certain Tesco listed bonds between 29 August 2014 and 19 September 2014.

Each net purchaser of shares will be entitled to compensation of 24.5p per share purchased, plus interest at 1.25% per annum if the net purchaser is an institutional investor or 4% per annum if the net purchaser is a retail investor.

Tesco has appointed KPMG to administer the compensation scheme, with oversight from the FCA.

Claims can now be submitted through KPMG’s online claims portal at www.kpmg.co.uk/tesco-scheme, and KPMG will shortly write to all parties identified as eligible claimants.

For more information on the scheme, please visit www.kpmg.co.uk/tesco-scheme or contact the KPMG helpline on 0808 164 6031 (+44 (0) 203 554 0555 from outside the UK).

Source: Tesco

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Sears Holdings signs licensing agreements to expand Kenmore and DieHard brands worldwide

  • Kenmore and Kenmore Elite Floor Care Products to be Sold at Retailers Worldwide
  • DieHard Alkaline Batteries and Flashlights to be Sold at Retailers in Select Countries Internationally

HOFFMAN ESTATES, Ill., 2017-Aug-23 — /EPR Retail News/ — Sears Holdings today (Aug 22, 2017) announced it has signed two licensing agreements that will broaden the reach of its Kenmore and DieHard brands internationally.

Cleva North America, Inc. will manufacture Kenmore and Kenmore Elite vacuums and accessories for distribution at retailers worldwide. The agreement applies to vacuum cleaners, stick vacuums, hand vacuums, robotic vacuums, carpet cleaners, bare floor cleaners, sweepers and accessories.

Dorcy, International will manufacture DieHard Alkaline batteries and flashlights for distribution in the U.S., Puerto Rico and the Caribbean plus Latin America and some locations in the South Pacific. The agreement renews and expands the existing distribution of these DieHard products and applies to: A, AA, AAA, C, D, 6 volt and 9 volt alkaline specialty batteries, as well as flashlights.

“The Kenmore brand is one of the most awarded and trusted American brands and is woven into the fabric of our home lifestyle,” said Tom Park, president of Kenmore, Craftsman and DieHard brands at Sears Holdings. “DieHard is America’s most trusted, reliable and preferred vehicle battery brand. Both of these agreements are examples of our expansion strategy to unleash the power of these iconic brands internationally. We will have direct and active involvement in building the business with our licensing partners and we’re confident that both Cleva and Dorcy will maintain our high quality standards,” Park added.

“We are excited about the opportunity to expand the Kenmore line of vacuums to key retailers and continue the legacy of the Kenmore brand,” said Bob Davis, president of Cleva North America, Inc. “Cleva is passionate in our commitment to bring top performing, high-quality Kenmore vacuums to the market.  With our ongoing attention to product innovation and consumer focused solutions, Cleva will be adding new products to its current award-winning portfolio of Kenmore vacuum cleaners.”

“We are thrilled to be partnering with the DieHard brand to bring this incredible product portfolio to a wider consumer audience,” said Tom Beckett, president and CEO of Dorcy International. “Dorcy’s global development team is working hard to create new and innovative products in this space that reflect the trust and integrity that have long been associated with the DieHard name.”

In other efforts to expand the reach of the Kenmore brand, Sears recently announced the launch of Kenmore products on Amazon.com.

Terms of the deals were not disclosed.

Forward-looking statements:
This press release contains forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Whenever used, words such as “will,” “expect,” and other terms of similar meaning are intended to identify such forward-looking statements. Forward-looking statements, including these, are based on the current beliefs and expectations of our management and are subject to significant risks, assumptions and uncertainties, many of which are beyond the Company’s control, that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Detailed descriptions of other risks relating to Sears Holdings are discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. While we believe that our forecasts and assumptions are reasonable, we caution that actual results may differ materially. We intend the forward-looking statements to speak only as of the time made and do not undertake to update or revise them as more information becomes available, except as required by law.

About Sears Holdings Corporation
Sears Holdings Corporation (NASDAQ: SHLD) is a leading integrated retailer focused on seamlessly connecting the digital and physical shopping experiences to serve our members – wherever, whenever and however they want to shop. Sears Holdings is home to Shop Your Way®, a social shopping platform offering members rewards for shopping at Sears and Kmart as well as with other retail partners across categories important to them. The Company operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation, with full-line and specialty retail stores across the United States. For more information, visit www.searsholdings.com

About the Kenmore Brand
The Kenmore Brand is an industry leader in delivering trusted performance in the home with smart and stylish appliance innovations that help consumers do things quicker, easier and better. Recognized as a top appliance brand for over 100 years, the Kenmore brand continues to give consumers more time, efficiency and improved results for better living with industry-leading products across small and large appliance categories. For more information, visit www.kenmore.com, www.cookmore.com/press-kit/ or www.facebook.com/kenmore.

About the DieHard Brand
Introduced in 1967, Sears designed the original DieHard automotive battery to produce 35 percent more usable starting power than other similar batteries. Featuring a revolutionary tough, thin-walled case of translucent polypropylene plastic, which was 50 percent thinner than conventional black rubber-type battery enclosures, the design’s extra room meant bigger plates, more acid and extra starting power. During testing, not a single failure was reported in over 26,000 starts in temperatures ranging from sub-zero to more than 100 degrees, hence the name “DieHard.” See more DieHard history and compelling “Battery Torture” video at www.DieHard.com.

About Cleva North America, Inc.
Cleva North America, Inc. offers an award-winning portfolio of innovative brands, including Vacmaster Professional®, Vacmaster®, Duravac™, Armor All™ and LawnMaster®. With award-winning, proven experience in engineering and motor technology, Cleva incorporates the latest processes and highest standards for engineering, design, and production. The result is high-quality products with exceptional performance and durability. Cleva takes pride in producing a premium product at a great value. We will continue to usher in new, innovative products designed to meet our customers’ needs. For more information on Vacmaster®, visit vacmaster.com; like us on Facebook® (facebook.com/vacmastervacs); or follow us on Twitter® (@vacmastervacs).

About Dorcy International
A Privately held company, headquartered in Columbus, Ohio, DORCY has marketed Flashlight products and batteries for over 55 years and is proud to be business partners with many of the world’s largest retailers.  DORCY is a global enterprise with sales and marketing offices in Basel, Brisbane, Sydney, Hong Kong, Toronto, and is headquartered in Columbus Ohio.  Dorcy’s Competitive Advantages Include: In house design and engineering capability, the widest range of Lighting Products available, speed to market with evolving Market demands – LED, Fashion Trends, Materials and technology. With a complete complimentary Flashlight and Battery Program DORCY has the strongest promotions in the industry. http://www.Dorcy.com.

SOURCE: Sears, Roebuck and Co.

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Carrefour Spain is the main sponsor of “La Vuelta” for the fifth consecutive year

Carrefour Spain is the main sponsor of “La Vuelta” for the fifth consecutive year

 

Spain, 2017-Aug-23 — /EPR Retail News/ — For the fifth consecutive year, Carrefour Spain is the main sponsor of “La Vuelta”, the Spanish leg of cycling’s Grand Tour series, and will be flying the race colours from 19 August to 10 September 2017. Once again, the Group is demonstrating its commitment to sport, this time by backing one of Spain’s leading sporting events. The 21-stage race set off from Nîmes in France and the riders and tour caravan will cover a total of 3,297 kilometers.

Being the main sponsor of the Vuelta a España represents an excellent opportunity for Carrefour to showcase some core values of its business model: convenience, local adaptability adaptation, partnerships with suppliers and savouring relationships.

Over 5,400 Carrefour staff members are involved in the race, providing a wide range of activities for spectators whilst promoting the products of more than 130 regional suppliers. The Group also plans to manage no less than 52,500 samplings of local products and will hand out a total of 42,000 breakfasts throughout the tour, together with 9,000 kilograms of fruit and 35,000 servings of typical Spanish dishes. A food truck  will also accompany each of the 21 stages of the Tour, promoting healthy local recipes developed by Fabián León, a MasterChef® finalist. The values of sharing and solidarity are in the spotlight with “La Vuelta solidaria”. For each kilometer pedalled on the Carrefour stand or for any interaction on Twitter, Carrefour will donate €1 to the Spanish Red Cross to help children at risk.

Find more information on Carrefour’s supplier partners and discover videos online:  #carrefourconlavuelta

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

. By phone:

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

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

. By e-mail: presse_groupe@

Source: Carrefour Group

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Sears Holdings to release Q2 2017 financial results on Thursday, August 24, 2017

HOFFMAN ESTATES, Ill., 2017-Aug-23 — /EPR Retail News/ — Sears Holdings (NASDAQ: SHLD) announced today(Aug 22, 2017) that it expects to release its financial results for the Company’s fiscal 2017 second quarter before the market opens on Thursday, August 24, 2017, and simultaneously post a pre-recorded conference call and audio webcast on its corporate website. It will feature prepared remarks from Rob Riecker, chief financial officer, who will focus his comments to provide additional context around the quarter.

The pre-recorded conference call may be accessed by telephone at 844.826.0613 or 973.200.3092 (conference ID: 68596255), and on Sears Holdings’ website at http://www.searsholdings.com/invest/ under “Events & Presentations.” The accompanying presentation and transcript will be posted online in conjunction.

About Sears Holdings Corporation
Sears Holdings Corporation (NASDAQ: SHLD) is a leading integrated retailer focused on seamlessly connecting the digital and physical shopping experiences to serve our members – wherever, whenever and however they want to shop. Sears Holdings is home to Shop Your Way®, a social shopping platform offering members rewards for shopping at Sears and Kmart as well as with other retail partners across categories important to them. The company operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation, with full-line and specialty retail stores across the United States. For more information, visit www.searsholdings.com.

NEWS MEDIA CONTACT:
Sears Holdings Public Relations
(847) 286-8371

SOURCE: Sears Holdings Corporation

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Argos now accepting pre-orders for Xbox One X and Xbox One S 1TB Minecraft console

Argos now accepting pre-orders for Xbox One X and Xbox One S 1TB Minecraft console

 

London, 2017-Aug-23 — /EPR Retail News/ — Eager Xbox fans can place pre-orders for the hotly anticipated new Xbox One X and Xbox One S 1TB Minecraft console on argos.co.uk from today (22 August 2017), the retailer has announced.

Fans now have the chance to secure an Xbox One X, previously known as Project Scorpio ahead of the launch on Tuesday 7 November 2017 at a retail price of £449.99.

With six teraflops of graphical processing power allowing it to support 4K gaming, Xbox One X is the world’s most powerful games console and is guaranteed to be a big hit with those looking for a next-generation gaming experience.

Also available on pre-order on the Argos website is the Xbox One S 1TB Minecraft edition. Priced at £349.99, the console goes on sale from Tuesday 3 October 2017 exclusively at Argos and Sainsbury’s. Complete with pre-installed Minecraft and a custom design, the Xbox One S 1TB Minecraft edition is a must-have for any fans of this gaming phenomenon.

To place pre-orders, customers simply need to visit Argos.co.uk.

James Cooke, video games buying manager at Argos, said: “The race really is on for gamers to get their hands on the widely-anticipated Xbox One X which is one of 2017’s most exciting moments for gaming fans. We expect high demand for the world’s most powerful games console and are delighted to announce we’ll be offering pre-orders so that fans can secure this in-demand product before Christmas.

“We are also thrilled to be bringing the Xbox One S Minecraft edition to the UK exclusively through Argos and Sainsburys which will be a top limited edition purchase for families and Minecraft fans.  Customers can place pre-orders at argos.co.uk from today, before the console goes on sale exclusively at Argos and Sainsbury’s on Tuesday 3 October 2017.”

Contact:

press_office@sainsburys.co.uk
020 7695 7295

Source: Sainsbury

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NRF forecast: families will spend $83.6 billion on back-to-school this year

WASHINGTON, 2017-Aug-23 — /EPR Retail News/ — Even though more parents started back-to-school shopping early this year, many families still have a lot of shopping left to do as they prepare their children for the start of school. According to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics, the average family with children in grades K-12 had completed only 45 percent of their shopping as of early August. That’s down from a peak of 52 percent at the same time in 2013 and 48 percent last year, and the lowest level since 40 percent in 2012.

“Parents this year have been taking longer than usual to finish buying the clothing and supplies their children need for school,” NRF President and CEO Matthew Shay said. “Many kids are already getting on the bus and millions more will be back in class in another week or two, so anybody who hasn’t finished shopping by now is cutting it close. Retailers have some great bargains to offer, but parents better take advantage of them before the school bell rings.”

Of parents surveyed August 1-9, only 13 percent had completed all their shopping, and 23 percent had not started at all. The results come even though the number of parents who planned to start shopping at least two months before the beginning of school was up this year at 27 percent, compared with 22 percent last year.

NRF has forecast that families will spend $83.6 billion on back-to-school this year, including $29.5 billion on K-12 and $54.1 billion on college.

Among K-12 parents, 79 percent said they still needed to buy basic supplies such as pencils and paper, up from 77 percent at the same time last year, followed by 75 percent who needed to buy apparel, up from 70 percent; 58 percent still needed to buy shoes, up from 57 percent.

To wrap up their buying, 55 percent planned to head to department stores, 49 percent to discount stores, 39 percent to clothing stores, 35 percent to office supply stores and 33 percent online.

When deciding where to shop, 41 percent said they are influenced by coupons, down from 48 percent last year and the lowest in the survey’s history. But 33 percent said they would leverage in-store promotions and 29 percent said they would be influenced by newspaper advertising inserts. For those who’ve already started shopping, 43 percent of their purchases were influenced by coupons, sales and promotions.

The survey found that 61 percent of school supply purchases were influenced by school requirements, down from 64 percent last year. Similarly, 41 percent of electronics purchases were dictated by what schools required, down from 45 percent.

But even though those numbers were down, school requirements still play a significant role in how families go about their shopping.

“Similar to recent years, some of the big-ticket items are being significantly influenced by school requirements,” Prosper Principal Analyst Pam Goodfellow said. “That is why we are seeing many parents take their time in tackling their lists so they can take advantage of any special promotions that can help them save on items such as laptops and computers.”

College Shopping
Overall results for college students were largely the same, with students and their parents saying they, too, had completed 45 percent of their shopping, down from 48 percent last year. That was down from a peak of 54 percent at the same time in 2014 and the lowest level since 44 percent in 2011. Only 12 percent had completed all their shopping and 26 percent had not started at all.

According to the survey, 61 percent still needed to purchase school supplies, followed by clothing (51 percent) and shoes (33 percent).

The survey found college consumers will likely complete the rest of their shopping online (41 percent), at discount or department stores (38 percent each), college bookstores (32 percent) and clothing stores (31 percent).

Coupons and promotions are influencing consumers with back-to-college purchases: 41 percent may use coupons; 30 percent could take advantage of in-store promotions and 28 percent are influenced by word of mouth. For those who have already made purchases, 46 percent were influenced by promotions, down from 50 percent last year.

The survey asked 7,248 consumers about both back-to-school and back-to-college shopping plans. It was conducted August 1-9 and has a margin of error of plus or minus 1.2 percentage points.

About Prosper Insights & Analytics
Prosper Insights & Analytics is a global leader in consumer intent data serving the financial services, marketing technology, and retail industries. We provide global authoritative market information on US and China consumers via curated insights and analytics. By integrating a variety of data including economic, behavioral and attitudinal data, Prosper helps companies accurately predict consumers’ future behavior to help identify market behaviors, optimize marketing efforts, and improve the effectiveness of demand generation campaigns. www.ProsperInsights.com

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:
Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

Source: NRF

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Chipotle expands its educational benefits program with new degree at University of Denver

  • Chipotle to offer educational assistance to employees who pursue a Bachelor of Arts at DU
  • Initial data shows 89 percent of student-employees stay with Chipotle after enrolling in tuition assistance programs; student-employees also see greater likelihood of promotion

DENVER, 2017-Aug-23 — /EPR Retail News/ — Chipotle Mexican Grill (NYSE: CMG) has added University of Denver (DU) to the universe of colleges and universities that employees have access to through a Chipotle partnership with Guild Education. Through the partnership, Chipotle employees can earn a degree through DU’s Bachelor of Arts completion program in its University College. The partnership with DU adds to existing educational benefits the company already provides its employees, including up to $5,250 in tuition reimbursement, and a discounted tuition program through Guild that offers reduced cost courses and degree programs at a number of colleges and universities.

Since expanding its education offerings in 2015 to include hourly workers as well as salaried employees, Chipotle has seen better than expected participation, improved retention, and higher promotion rates among participating employees. Since expanding the program, Chipotle has provided assistance to nearly 3,500 employees. The company’s education programs currently offer more than 2,000 class and program options to employees. The addition of the new degree program through DU’s University College offers a return to Chipotle’s roots of sorts, given that the first Chipotle restaurant is located just steps from DU’s main campus.

“Our goal in offering really strong educational benefits to our employees is to help prepare them for long-term and fulfilling careers,” said Steve Ells, founder, chairman and CEO at Chipotle. “A year into the program, we are hearing tremendous feedback from our employees, and seeing strong results in terms of enrollment, retention, and internal promotions among employees who are participating in the program.”

To help expand its educational benefits program, including the new degree at DU, Chipotle partnered with Guild Education and Guild’s network of non-profit colleges. Data from Guild Education shows that Chipotle’s restaurant employees enrolled in its programs who go back to school are twice as likely to be promoted at Chipotle, as compared to their peers. Restaurant employees enrolled in an education program with Guild are also nearly twice as likely to stay at Chipotle — 89 percent of employees who enrolled stayed with the company for the following nine months.

A Career with Purpose

Carlos Grajeda, a service manager at Chipotle in Denver, was one of the first employees to take advantage of continuing education benefits through Guild. After struggling to complete college twice, Grajeda began working at Chipotle and soon after learned about Chipotle’s education benefits.

“Chipotle offered me an affordable way to go back to school, and I’m beyond grateful,” Grajeda said. “I worked with Guild to complete a management training program and earn some college credits, and then I decided to take the next step and enroll in a degree program at Colorado State University-Global Campus. My life has been filled with more purpose and direction than ever before.”

“Chipotle team members are not only hard-working employees – they are also dedicated learners on the path to an entirely new form of the American apprenticeship,” said Rachel Carlson, CEO and co-founder of Guild Education. “Companies like Chipotle are leading on new and innovative solutions to support and retain great employees like Carlos.”

ABOUT CHIPOTLE

Steve Ells, Founder, Chairman and CEO, started Chipotle with the idea that food served fast did not have to be a typical fast food experience. Today, Chipotle continues to offer a focused menu of burritos, tacos, burrito bowls, and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in an interactive style allowing people to get exactly what they want. Chipotle seeks out extraordinary ingredients that are not only fresh, but that are raised responsibly, with respect for the animals, land, and people who produce them. Chipotle prepares its food using real, whole ingredients, and is the only national restaurant brand that prepares its food using no added colors, flavors or other industrial additives typically found in fast food. Chipotle opened with a single restaurant in Denver in 1993 and now operates more than 2,300 restaurants. For more information, visit Chipotle.com

ABOUT GUILD EDUCATION

Guild Education helps employers offer Education as a Benefit to their employees. Guild’s technology makes offering education benefits and tuition reimbursement an easy choice for leading companies, with a platform that helps HR leaders turn their education cost centers into a positive ROI. Guild’s diverse network of online, nonprofit universities, including the University of Denver, offers a range of programs from GEDs through bachelor’s and master’s degrees, along with advising and retention coaching to help each student navigate the worlds of work and college. To learn more about Guild, visit www.GuildEducation.com/for_companies.

Contact:
Chris Arnold
303-222-5912
carnold@chipotle.com

Source: Chipotle

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Intershop helps Bunzl Australasia Limited launch its first B2B web shop

  • Outsourcing Services becomes first Bunzl business unit with consistent B2B and B2C online customer experience
  • Tablet devices used as sales productivity tool for account managers
  • Online product set to rise from 9,000 to 30,000

Jena, Germany, 2017-Aug-23 — /EPR Retail News/ — Bunzl Australasia Limited has launched its first B2B web shop with the help of Intershop. The Bunzl Outsourcing Services (BOS) business unit distributes a wide range of products to a just as diverse range of businesses including food service, hospitality, and healthcare. The new Intershop-based e-commerce platform is designed to further enhance the customer experience and marks the first in a series of B2B sites that will be rolled out in the coming months.

Keen to provide a consistent user experience, Bunzl built the site to handle both B2B and B2C customers. While the B2C site is not yet live, the functionality may be enabled easily by Bunzl via back office preferences. One of the Company’s objectives was to implement a core framework that may be extended beyond BOS to its other business units, Bunzl Food Processor Supplies and Bunzl Industry and Safety.

Nick Aridas, Head of Marketing & Digital Transformation at Bunzl explains, “The BOS site replaces a legacy ordering system that has an outdated user experience which does not provide access via mobile and tablet devices. Tablet devices, in particular, are not only growing in prominence with our customers; they are also being used as a sales productivity tool by our account managers. The new site will run in parallel with the old site for the next 4-6 months as customers are gradually migrated to the Intershop Commerce Suite.”

Implemented over eight months using an agile delivery model by a small Bunzl team and Intershop consultants, the Intershop Commerce Suite integrates with Bunzl’s ERP system, System 21 for special pricing, order history, credit limits and invoices. Additional integrations with a payment provider, analytics, and address verification were also implemented.

Over the coming months, Bunzl will expand the current online product set of 9,000 products to approximately 30,000, as well as implementing a specialized system (ABENAOS) for healthcare service customers.

Bunzl is an international distribution group that is active in 30 countries across North America, Continental Europe, UK & Ireland, and Australia.  The Company’s roots go back to 1854 when Moritz Bunzl opened a small haberdashery business in Bratislava.   Bunzl PLC was incorporated in 1940 and is listed on the London stock exchange.  Bunzl has since grown into a highly respected and recognized global distribution group.

About Intershop

Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.

This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop’s limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

Contact:
Intershop Public Relations
HEIDE RAUSCH
Head of Corporate Communication
Phone: +49 3641 50-1000
Fax: +49 3641 50-1309
mailto: pr@intershop.de

Source:  Intershop Communications AG

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L Brands, Inc. appoints Patricia S. Bellinger and Robert H. Schottenstein to its Board of Directors

COLUMBUS, Ohio, 2017-Aug-23 — /EPR Retail News/ — Today (Aug. 22, 2017) L Brands, Inc. (NYSE:LB) announced the appointment of Patricia S. Bellinger and Robert H. Schottenstein to its Board of Directors.

Bellinger is an Adjunct Lecturer and Research Fellow at the Harvard Kennedy School .  She is an internationally recognized expert on diversity, inclusion and leadership development and serves on the boards of Pattern Energy Group, Inc. (NASDAQ:PEGI), Sodexo SA (EPA:SW) and Sonepar Group .

Schottenstein is Chairman and CEO of M/I Homes, Inc. (NYSE:MHO), one of the largest homebuilders in the United States , and serves on the board of Installed Building Products, Inc.(NYSE:IBP).

“Both Patti Bellinger and Bob Schottenstein are business leaders who have built their careers through elevating others and delivering performance – principles that drive our business,” said Leslie H. Wexner , chairman and chief executive officer of L Brands .  “I’m excited that they are joining the L Brands board to help us continue to grow as we always strive to get better.”

The company also announced the retirement of Jeffrey H. Miro from the board of directors.  Miro, who served on the L Brands board since 2006, is a Partner at Honigman Miller Schwartz and Cohn.

“Jeffrey’s decade of service on the L Brands board brought a level of sophistication to our thinking – particularly around corporate governance and real estate,” said Wexner.  “I’ve always believed that his wise counsel was important to our enterprise.  We greatly appreciate his service.”

ABOUT L BRANDS :

L Brands , through Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel, is an international company.  The company operates 3,077 company-owned specialty stores in the United States, Canada, the United Kingdom and Greater China, and its brands are sold in more than 750 additional franchised locations worldwide.  The company’s products are also available online at www.VictoriasSecret.com, www.BathandBodyWorks.com, www.HenriBendel.com and www.LaSenza.com.

For further information, please contact:
L Brands: Communications
Tammy Roberts Myers
(614) 415-7072
communications@lb.com

Investor Relations:
Amie Preston
(614) 415-6704
apreston@lb.com

Source: L Brands Inc./globenewswire

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Wegmans Montvale to donate truckload of food to the Community FoodBank of New Jersey and four local food pantries

Montvale, NJ, 2017-Aug-23 — /EPR Retail News/ —

WHO: Wegmans Montvale employees and representatives from the Tri-Boro Food Pantry, Helping Hand Food Pantry, Buddies of NJ, Inc., Center for Food Action, and Community FoodBank of New Jersey.

WHEN: Thursday, August 24 at 2 p.m.

WHERE: Wegmans Montvale at 100 Farm View. The Wegmans truck will be parked in front of the store. Members of the media are encouraged to attend.

WHAT: Wegmans Food Markets will donate a truckload of 17,445 pounds of non-perishable food to the Community FoodBank of New Jersey and four local food pantries in front of its new location in Montvale. This donation takes place a month before the 108,000 square-foot store opens on Sunday, Sept. 24.

A team of Wegmans employees will join representatives from the Tri-Boro Food Pantry, Helping Hand Food Pantry, Buddies of NJ Inc., Center for Food Action, and Community FoodBank of New Jersey to unload a Wegmans tractor-trailer filled with 21 pallets of canned soups, canned vegetables and fruits, peanut butter, canned tuna, cereal, juice, and other products. The food will then be sorted and loaded onto five separate vehicles for distribution to each organization.

“We know food banks and pantries help build healthier communities. It’s a privilege to partner with these wonderful organizations and provide food that will serve the needs of our neighbors,” said Wegmans Montvale Store Manager Paul Jordan. “One of our company values is to make a difference in every community we serve, and partnering with local food agencies is just one way we deliver on that commitment.”

For more information on Wegmans in Montvale, please visit wegmans.com/montvale.

About Wegmans
Wegmans Food Markets, Inc. is a 93-store supermarket chain with stores in New York, Pennsylvania, New Jersey, Virginia, Maryland, and Massachusetts. The family-owned company, recognized as an industry leader and innovator, celebrated its 100th anniversary in 2016. Wegmans has been named one of the ‘100 Best Companies to Work For’ by FORTUNE magazine for 20 consecutive years, ranking #2 in 2017.

About Tri-Boro Food Pantry
The Tri-Boro Food Pantry provides food assistance to people in need. In 2016, the Tri-Boro Food Pantry served more than 100 families throughout the Pascack Valley, including more than 345 children.

About Helping Hand Food Pantry
Helping Hand Food Pantry is a non-profit charitable organization entirely staffed by dedicated volunteers. It serves approximately 400 neighbors each month in Hillsdale, Westwood, Emerson, Oradell, Woodcliff Lake, and Montvale.

About Buddies of NJ, Inc.
Buddies of NJ, Inc. is Bergen and Passaic County’s premier AIDS service organization, providing service, education, resources, and care to people living with and affected by HIV/AIDS. Buddies provides NJHS licensed substance abuse counseling & treatment services; free rapid HIV testing & counseling; PrEP counseling; case management; medical case management; housing & housing assistance; dental services; counseling services; young men’s support spot; peer support groups; medical transportation; and a food bank.

About Center for Food Action (CFA)
CFA provides emergency food, homelessness prevention assistance, counseling and advocacy to thousands on low-income residents in northern New Jersey every year. CFA also operates a Weekend Snack Pack Program, a Community Garden Program, and a Smile Pack Program as part of its expanded effort to help low-income residents.

About Community FoodBank of New Jersey
The Community FoodBank of New Jersey, a member of Feeding America®, provides people across the state with food, help and hope. The FoodBank distributed over 50 million pounds of food last year to its more than 1,000 community partners including pantries, soup kitchens, emergency shelters, mobile pantries, and child and senior feeding programs. More than 4.7 million times a year, someone in need is fed by the FoodBank’s network of partners. For our neighbors, especially families, and for the volunteers and donors who support them, the Community FoodBank of New Jersey is the powerful change agent that fills the emptiness caused by hunger with the basic human essentials that people need to survive.

Press Contact:
Tracy Van Auker
Media Relations Coordinator
585-429-3826
tracy.vanauker@wegmans.com

Source: Wegmans Food Markets

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KappAhls appoints Glenda Marevind new Brand & Marketing Manager

KappAhls appoints Glenda Marevind new Brand & Marketing Manager

 

Mölndal, Sweden, 2017-Aug-23 — /EPR Retail News/ — Glenda Marevind is KappAhls new Brand & Marketing Manager since mid August.

I am very pleased to welcome Glenda to KappAhl. She has the right experience and attitude on how to best continue the work of strengthening the relationship and communication with our customer, on both current and future arenas”, says CEO Danny Feltmann.

From mid-August Glenda Marevind is leading the work of further developing the KappAhl brand and marketing, in her role as Brand & Marketing Manager. Before this Glenda worked at media agency MEC and has earlier worked many years in the Lindex Group with concept, brand and communication issues, amongst others as Marketing Manager.

“I am looking forward to contribute to the exciting journey that KappAhl has undertaken. We are to be best at meeting and inspiring our customer based on her needs and buying behavior”, says Glenda Marevind.

KappAhl, founded in 1953 in Gothenburg, is one of the leading Nordic fashion chains with nearly 370 stores in Sweden, Norway, Finland and Poland as well as Shop Online. Our mission is to offer value-for-money fashion of our own design with wide appeal. More than half of the range is sustainability labelled. In 2015/2016 sales were SEK 4.7 billion and the number of employees was about 4,000 in nine countries. KappAhl has been listed on Nasdaq Stockholm since 2006. More information is available at www.kappahl.com

For more information:
Glenda Marevind
Brand & Marketing Manager
Tel +46 704 715 752
glenda.marevind@kappahl.com.

Charlotte Högberg
Head Corporate Communications
Tel. +46 704 71 56 31
charlotte.hogberg@kappahl.com.

Source: kappahl

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JCPenney launches new brand of bedding and decor for kids — Frank + Lulu

JCPenney launches new brand of bedding and decor for kids — Frank + Lulu

 

PLANO, Texas, 2017-Aug-23 — /EPR Retail News/ — JCPenney [NYSE: JCP] is spreading the enjoyment of afternoon naptimes and playing make-believe with the launch of Frank + Lulu, a whimsical new brand of bedding and decor for kids. Featuring bright colors and fun prints, shoppers will find various collections within the brand designed to mix-and-match elements to create a youthful design aesthetic. From bedding and sheets to decorative pillows and rugs, parents can create a stylish, inspirational kid’s room to spark imagination and a blissful night’s sleep. Available exclusively at JCPenney, Frank + Lulu is available at jcpenney.com and will launch in over 200 stores beginning Sept. 1, with plans to introduce additional collections to more stores this fall.

“Children’s bedrooms should be full of imagination and a place where kids can laugh, play, grow and discover. The colorful, inspiring collections from Frank + Lulu give kids the bedroom of their dreams at a price that parents can afford,” said Tony Hurst, senior vice president of home at JCPenney. “By adding Frank + Lulu to our powerful portfolio of exclusive brands, we are filling a void in our assortment that directly targets the young mom who often looks to social media for style tips on designing a modern kids’ room that captures the creative spirit of her little ones.”

Encouraging children to dream big and giggle daily, spunky kiddos will gravitate to this playful line, featuring donut, flamingo and surf-inspired sheets, animal throw pillows, fluffy bean bag chairs, geometric wall accents, fur rugs and gold pom pom-adorned storage cubes. Parents will appreciate the versatility of these fun, functional pieces as they create a unique space for their children to bond with family and friends for years to come.

Frank + Lulu will be available within the JCPenney home department in a dedicated environment inspiring shoppers with bedding displays complete with funky décor and accessories. Updated seasonally, the brand will add decorative accents, wall art, lighting and stuffed bookends later this fall. Original prices range from $39 for a twin sheet set to $99 for a full-size comforter set.

For product images of the new Frank + Lulu home collection for kids, please visit:
http://www.jcpnewsroom.com/news-releases/2017/0822_launches_frank_and_lulu.html

About JCPenney:
J. C. Penney Company, Inc. (NYSE: JCP), one of the nation’s largest apparel and home furnishings retailers, combines an expansive footprint of approximately 875 stores across the United States and Puerto Rico with a powerful e-commerce site, jcp.com, to connect with shoppers how, when and where they prefer to shop. At every customer touchpoint, she will get her Penney’s worth of a broad assortment of products from an extensive portfolio of private, exclusive and national brands. Powering this shopping experience is the customer service and warrior spirit of over 100,000 associates across the globe, all driving toward the Company’s three strategic priorities of strengthening private brands, becoming a world-class omnichannel retailer and increasing revenue per customer. For additional information, please visit jcp.com.

Media Relations:
(972) 431-3400
jcpnews@jcp.com

Source: J. C. Penney Company, Inc.

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AHOLD DELHAIZE SHARE BUYBACK UPDATE: 1,623,027 COMMON SHARES REPURCHASED IN THE PERIOD FROM AUGUST 14, 2017 UP TO AND INCLUDING AUGUST 18, 2017

Zaandam, the Netherlands, 2017-Aug-23 — /EPR Retail News/ — Ahold Delhaize has repurchased 1,623,027 of Ahold Delhaize common shares in the period from August 14, 2017 up to and including August 18, 2017. The shares were repurchased at an average price of €16.82 per share for a total consideration of €27.3 million. These repurchases were made as part of the €1 billion share buyback program announced on December 7, 2016.

The total number of shares repurchased under this program to date is 38,728,551 common shares for a total consideration of €729 million.

Download the share buyback transactions excel sheet for detailed individual transaction information under “Files to download” (on the right).

Visit www.aholddelhaize.com/en/investors/share-information/share-buy-back-programs for a complete overview of all Ahold Delhaize share buyback programs.

Contact:

Ellen van Ginkel
Director External Communications
media.relations@aholddelhaize.com
+31 88 6595134

Source: Ahold Delhaize

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Sequential Brands Group announces partnership with Cathay Home to create Ellen Tracy Home line

NEW YORK, 2017-Aug-23 — /EPR Retail News/ — Sequential Brands Group Inc. (Nasdaq:SQBG) today ( Aug. 22, 2017) announced a new multi year licensing agreement with Cathay Home, a leading manufacturer of home textile products, to create an Ellen Tracy Home line in categories such as comforters, duvets, sheets, throws, blankets and quilts. The new line is scheduled to hit stores in Spring 2018.

Jameel Spencer, Fashion Division President at Sequential Brands Group said, “Ellen Tracy continues to be one of our top performing brands in our fashion division. This new partnership builds on the brand’s success to date expanding it into multiple new product categories and solidifying its presence in the home space.”

The addition of these new categories build on the existing Ellen Tracy Home business which includes towels, window dressing, and home storage.

Cathay Home CEO Steven Chien commented, “We are excited to partner with Sequential Brands Group and look forward to launching the Ellen Tracy Home line at fall market.”

Established in 1949, Ellen Tracy has evolved into a full women’s lifestyle brand known for sophisticated color palettes and signature prints. With over 30 product categories, the brand is designed, manufactured and distributed by world-class companies.

About Sequential Brands Group

Sequential Brands Group, Inc. (Nasdaq:SQBG) owns, promotes, markets, and licenses a portfolio of consumer brands in the home, active and fashion categories. Sequential seeks to ensure that its brands continue to thrive and grow by employing strong brand management, design and marketing teams. Sequential has licensed and intends to license its brands in a variety of consumer categories to retailers, wholesalers and distributors in the United States and around the world.

For more information, please visit Sequential’s website at: www.sequentialbrandsgroup.com. To inquire about licensing opportunities, please email: newbusiness@sbg-ny.com.

About Cathay Home Inc.

Cathay Home Inc. was established in 2005 with offices and a showroom in New York, and is a leading manufacturer of Top of the Bed products such as Comforters, Sheets, Duvets, Quilts, Throws and Blankets. Cathay Home markets extend globally with a strong foothold in Canada and the EU market. Cathay Home is a vertically organized manufacturer with a strong marketing, design and product development focus.

Media Contact:
Katherine Nash
(512) 757-2566
knash@sbg-ny.com

Source: Sequential Brands Group, Inc./globenewswire

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Weingarten Realty Investors to release Q3 2017 earnings results on Tuesday, October 24, 2017

HOUSTON, 2017-Aug-23 — /EPR Retail News/ — Weingarten Realty Investors (NYSE:WRI) announced today (8/22/2017) that its third quarter 2017 earnings will be released after the market closes on Tuesday, October 24, 2017. Senior Management will host our quarterly earnings conference call on Wednesday, October 25, 2017 at 10:00 a.m. Central Time.

Event: Weingarten Realty’s Third Quarter 2017 Earnings Results

When: 10:00 AM CST, Wednesday, October 25, 2017

Dial#: 1.888.771.4371 / Conference ID #43147578

Listen via Webcast

This call will be webcast live at www.weingarten.com and can be accessed under the Investor Relations tab of the Company’s website. In addition, an audio archive will be available on the Company’s website shortly after the call concludes. The complete earnings release and supplemental data package will be located in the Investor Relations section of the website on the Quarterly Earnings page. For those without Internet access, the third quarter 2017 earnings release and supplemental data package will be available by mail upon request. To receive a copy, please call Investor Relations at (800) 298-9974.

About Weingarten Realty Investors

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At June 30, 2017, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 216 properties which are located in 18 states spanning the country from coast to coast. These properties represent approximately 43.4 million square feet of which our interests in these properties aggregated approximately 27.8 million square feet of leasable area. To learn more about the Company’s operations and growth strategies, please visit www.weingarten.com.

Forward-Looking Statements

Statements included herein that state the Company’s or Management’s intentions, hopes, beliefs, expectations or predictions of the future are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 which by their nature, involve known and unknown risks and uncertainties. The Company’s actual results, performance or achievements could differ materially from those expressed or implied by such statements. Reference is made to the Company’s regulatory filings with the Securities and Exchange Commission for information or factors that may impact the Company’s performance.

Weingarten Realty Investors:
Michelle Wiggs
713-866-6050

Source: Weingarten Realty Investors

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Foodstuffs opens new Fresh Collective by New World store in Mount Albert, central Auckland

Auckland, New Zealand, 2017-Aug-23 — /EPR Retail News/ — Foodstuffs North Island has opened its second Fresh Collective by New World store in the central Auckland suburb of Mount Albert. The store at 1 Alberton Ave was formerly a Four Square. It closed on June 20 so that refurbishment work could begin.

“We’re very excited to be able to reveal the new store to Mount Albert residents,” Foodstuffs North Island Chief Executive Chris Quin says. “They’ve waited patiently for it to reopen and we think they’re going to love their new local.”

The Mount Albert store not only has a new frontage with Fresh Collective by New World branding, but a completely new internal layout, new product offerings and special features not seen in Foodstuffs stores before.

As well as picking up a great cup of coffee from the in-house barista, customers can now order fresh smoothies; grab some sushi; pick up a pizza fresh from the pizza oven; or choose a chicken, basted to order from the rotisserie. There is also a bakery, a butcher and a fresh seafood counter where you can see delicious meat and kai moana you’ve selected being prepared.

Steve McClean, owner operator for Fresh Collective Alberton Ave says, “The store also has an exciting new feature; the Enomatic wine tasting machine, which allows customers to taste a select variety of wine before purchase. We’ve long been known for our wine selection here at Alberton Ave but now customers will be able to try before they buy, giving them an added level of comfort they are making a choice that best suits them.

“We are really excited about giving our customers a smaller grocery store that answers that question of ‘what will we eat tonight’. There’s plenty of fresh, take-home meal solutions including Just Cook It kits which come complete with pre-measured fresh ingredients, a recipe and instructions for either two or a four people.”

The Fresh Collective has fresh food at its heart, with an extensive deli counter, a full specialty cheese range and an extensive range of fresh fruit and vegetables. Chris Quin, CEO Foodstuffs North Island says, “Fresh Collective by New World also has your everyday grocery needs, so that you can top up with the basics at the same time.

“The business has been researching how customers use stores in different areas. In urban environments people pop in several times a week for different reasons; sometimes they’re just looking for a coffee or lunch plus a couple of grocery items. At other times they’re after a handy meal solution for tonight’s dinner. Whatever their reason for shopping, they want the experience to be warm, inviting and full of the delightful sights and smells you get in a beautiful fresh food market.

“We intend to keep refining the concept as we go, to suit each community. We’ll be looking at other urban areas in the North Island where Fresh Collective by New World will suit our customers.”

Contact:
Tel: +64 4 472 6435
Fax:+64 4 472 6412

Source: Foodstuffs NZ

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Co-op offers more savings to NUS extra cardholders

MANCHESTER, England, 2017-Aug-23 — /EPR Retail News/ — Savvy students can “bag” an extra saving at their Co-op food store with NUS extra and Co-op Membership.

NUS extra cardholders receive a 10% discount off their groceries at the community retailer.

In addition, students who also become a Member of the Co-op will gain a further 5% reward on purchases of own-branded products and services – with a further 1% benefitting local good causes, community groups and charities.

Amanda Jennings, Co-op’s Director of Marketing Communications, said:
“With many students living away from home for the first time our partnership with NUS extra aims to support young people trying to balance their budget – eating the right food can bring about a boost to health, wellbeing and even educational achievement.”

Ali Milani, Vice-President (Union Development) at NUS, said:
“The cost of living is a concern for many students and this welcome move helps to reduce the burden on their budgets. On top of the 10% NUS extra discount, the Co-op’s new membership proposition not only provides a further 5% personal reward, but gives 1% to good causes and charities who make a difference in local communities – something that this generation of student cares deeply about.”

Further information about over 200 UK student discounts available through NUS extra is available by visiting http://www.nus.org.uk/en/nus-extra/discounts/

For further information about Co-op membership visit coop.co.uk/membership

Media Contact:

Andrew Torr
Co-op Press Office
M: 07702 505 551
E: andrew.torr@coop.co.uk

Source: Co-op UK

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BIXOLON releases new SDK for faster and easier integration of Chrome-based POS & Kiosk applications

Seongnam-si, Korea, 2017-Aug-23 — /EPR Retail News/ — BIXOLON Co., Ltd. a leading global mobile, label and POS printer manufacturer, today (August 22, 2017) announced a new software development kit to speed development of Chrome-based receipt printing applications. The first POS printer manufacturer to offer development tools for the Google Chrome OS™, BIXOLON created the new SDK in response to customer demand for faster and easier integration of Chrome-based POS & Kiosk applications. SDK benefits include lower app development costs, faster time to market, simple integration of printer functions and the ability to migrate BIXOLON printers to future platforms and applications as business needs change.

“Progressive retailers are adopting Google Web POS applications to engage mobile shoppers through targeting and personalization while leveraging the goldmine of shopper analytics,” noted John Kim, BIXOLON director of Marketing. “Chrome tablet and kiosk are gaining popularity for their speed, flexibility and IT efficiency. BIXOLON’s new Chrome SDK delivers programmers a simple way to develop fast, low-overhead mPOS printing functions into their Google Chrome applications.”

The Google Chrome Software Development Kit (SDK) enables developers to deliver mobile web-based applications across multiple platforms (Windows, Linux, OS X) with one code base (Javascript, HTML5 or CSS). The SDK includes a Javascript library file, sample code and API manual to speed development, enabling BIXOLON printers to print from any Chrome OS device or Chrome browser. The Chrome SDK enables developers to easily integrate printer functions including printing of text and images, one and two-dimensional barcodes (PDF417, QR code), check printer status and reroute print (routing of print files to an alternative printer when the primary printer is in error or offline). The SDK supports printer connection via Wi-Fi and Ethernet, with Bluetooth support slated for Q4, 2017.

Availability
The Chrome SDK is now available for the BIXOLON SRP-Q300 3-inch thermal cube printer, SRP-350PlusIII 3-inch thermal mPOS receipt printer and SRP-275III 3-inch impact POS printer. The SDK will be available for additional BIXOLON POS & Mobile printer models by Q4, 2017. Contact your BIXOLON sales representative for more information.

About BIXOLON 
BIXOLON is a leading global manufacturer of innovative, advanced printing technologies including point-of-sale receipt, label and mobile printers for a wide range of environments. Millions of BIXOLON printers are used today in retail, hospitality, healthcare, banking, ticketing, post/parcel, warehousing and other transaction-intensive industries. In 2017, for the fourth year in a row, BIXOLON was named global mobile receipt printer market leader by Japanese research company Chunichisha, securing a 32.9% market share. For more information, contact us at http://bixolonusa.com/, or follow us on these social channels: Twitter, Facebook, LinkedIn and YouTube

Contact:

Tel: +1 858 764 4580

Source: BIXOLON

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Lenta to announce its 1H 2017 financial results on 30th August 2017

St-Petersburg, Russia, 2017-Aug-23 — /EPR Retail News/ — Lenta Ltd, (LSE, MOEX: LNTA) (“Lenta”), one of the largest retail chains in Russia, is pleased to announce it will release its reviewed IFRS financial results for the first half-year of 2017 on 30th August 2017. Lenta will also host an Analyst and Investor Conference Call on the same day to discuss the results.

Conference call details:

Date: Wednesday, 30th August 2017

Time: 17:00 (Moscow time), 15:00 (UK time), 10:00 (EST)

Speakers:
Jan Dunning, Chief Executive Officer
Jago Lemmens, Chief Financial Officer
Albert Avetikov, Director for Investor Relations

To participate in the conference call, please dial:

Russia

  • +7 495 213 1767 (Local access)

UK

  • +44 (0)330 336 9105 (Local access)
  • 0800 358 6377 (Toll free)

USA

  • +1 719-325-4756 (Local access)
  • 800-598-5161 (Toll free)

Conference ID: 9007528 or quote the conference call title: “Lenta’s financial results for the half year ended 30 June 2017”

The reviewed IFRS financial results for the first half-year ended 30 June 2017, press release and respective presentation will be published at 10:00 am Moscow time (08:00 am UK time) and will be available at www.lentainvestor.com

About Lenta
Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country’s fifth largest retail chain (in terms of 2015 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 195 hypermarkets in 78 cities across Russia and 60 supermarkets in Moscow, St. Petersburg, Novosibirsk and the Central region with a total of approximately 1,173,831 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,700 sq.m. The average Lenta supermarket store has selling space of approximately 900 sq.m. The Company operates seven owned distribution centres
The Company’s price-led hypermarket formats are differentiated in terms of their promotion and pricing strategies as well as their local product assortment. The Company employed approximately 45,689 people as of 31 December 2016.

The Company’s management team combines a mix of local knowledge and international expertise coupled with extensive operational experience in Russia. Lenta’s largest shareholders include TPG Capital, the European Bank for Reconstruction and Development, all of whom are committed to maintaining high standards of corporate governance. Lenta is listed on the London Stock Exchange and on the Moscow Exchange and trades under the ticker: ‘LNTA’.

For further information please visit www.lentainvestor.com.

Contact:

Lenta
Albert Avetikov
Director for Investor Relations
+7 812 363 28 44
Albert.Avetikov@lenta.com

FTI Consulting
Russian Media:
Anton Karpov and Victoria Afonina
Тel:+7 495 795 06 23
lenta@FTIconsulting.com

Source: Lenta

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Build-A-Bear Workshop, Inc. completes previously announced review of strategic alternatives

Board Adopts Share Repurchase Program of up to $20 Million

ST. LOUIS, 2017-Aug-23 — /EPR Retail News/ — Build-A-Bear Workshop, Inc. (NYSE:BBW) today (-Aug. 21, 2017) announced that its Board of Directors has completed its previously announced review of strategic alternatives. After an extensive analysis and careful consideration of a broad range of strategic alternatives by the Board of Directors in consultation with its financial and legal advisors, the Board of Directors has authorized a share repurchase program of up to $20 million.

“The process conducted by our Board of Directors was very comprehensive,” said Sharon Price John, President and Chief Executive Officer, Build-A-Bear Workshop. “Adoption of the share repurchase program reflects our belief that our stock represents an attractive investment opportunity. Because our company has returned to sustained profitability and has strong cash flow and a flexible capital structure, we believe Build-A-Bear Workshop will have the capacity to repurchase our stock while still deploying capital to facilitate the attainment of our next stated objective of sustained profitable growth. The Board’s decision to adopt a share repurchase program is a testament to our confidence and optimism in the strength of our evolved business model and our continued commitment to increase shareholder value.”

“In the course of our review process, we carefully evaluated our business and its opportunities,” said Ms. John. “Although our formal review of a broad range of strategic alternatives is complete, we continue to prioritize the initiatives that will allow us to achieve our long-term business goals.”

Increased Share Repurchase Program

Under the share repurchase program authorized by the Board, the Company currently intends to purchase up to $20 million of its common stock in the open market (including through 10b5-1 trading plans), or through privately negotiated transactions. The primary source of funding for the program is expected to be cash on hand. The timing and amount of share repurchases, if any, will depend on price, market conditions, applicable regulatory requirements, and other factors. The program authorizes the Company to repurchase shares through September 30, 2020, does not require the Company to repurchase any specific number of shares, and may be modified, suspended or terminated at any time without prior notice. Shares repurchased under the program will be subsequently retired.

About Build-A-Bear

Celebrating 20 years of business in 2017, Build-A-Bear is a global brand kids love and parents trust that seeks to add a little more heart to life. Build-A-Bear Workshop has approximately 400 stores worldwide where guests can create customizable furry friends, including company-owned stores in the United States, Canada, Denmark, Ireland, Puerto Rico, the United Kingdom and China, and franchise stores in Africa, Asia, Australia, Europe, Mexico and the Middle East. The Company was named to the FORTUNE 100 Best Companies to Work For® list for the eighth year in a row in 2016. Build-A-Bear Workshop, Inc. (NYSE:BBW) posted a total revenue of $364.2 million in fiscal 2016. For more information, visit the Investor Relations section of buildabear.com.

Forward-Looking Statements

This press release contains certain statements that are, or may be considered to be, “forward-looking statements” for the purpose of federal securities laws, including, but not limited to, statements that reflect our current views with respect to future events and financial performance. We generally identify these statements by words or phrases such as “may,” “might,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “intend,” “predict,” “future,” “potential” or “continue,” the negative or any derivative of these terms and other comparable terminology. All of the information concerning the effect on our business of the announcement of the completion of the strategic review process and the authorization of the share repurchase program, our ability to repurchase shares at all or at the times or in the amounts we currently anticipate, or to otherwise effectively implement the share repurchase program, our future liquidity, future revenues, margins and other future financial performance and results, achievement of operating of financial plans or forecasts for future periods, sources and availability of credit and liquidity, future cash flows and cash needs, success and results of strategic initiatives and other future financial performance or financial position, as well as our assumptions underlying such information, constitute forward-looking information.

These statements are based only on our current expectations and projections about future events. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by these forward-looking statements, including those factors discussed under the caption entitled “Risks Related to Our Business” and “Forward-Looking Statements” in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 16, 2017 and other periodic reports filed with the SEC which are incorporated herein.

All of our forward-looking statements are as of the date of this Press Release only. In each case, actual results may differ materially from such forward-looking information. We can give no assurance that such expectations or forward-looking statements will prove to be correct. An occurrence of or any material adverse change in one or more of the risk factors or other risks and uncertainties referred to in this Press Release or included in our other public disclosures or our other periodic reports or other documents or filings filed with or furnished to the SEC could materially and adversely affect our continuing operations and our future financial results, cash flows, available credit, prospects and liquidity. Except as required by law, the Company does not undertake to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Investors:
Build-A-Bear Workshop
Voin Todorovic
314.423.8000 x5221

Media:
Build-A-Bear Workshop
Beth Kerley
bethk@buildabear.com

Source: Build-A-Bear Workshop, Inc.

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GameStop kicks off nationwide pre-orders for Xbox One X

GameStop kicks off nationwide pre-orders for world’s most powerful system

GRAPEVINE, Texas, 2017-Aug-23 — /EPR Retail News/ — GameStop, the world’s largest gaming retailer, is giving power to the players by offering fans the first chance to experience Xbox One X, as part of a multimillion dollar campaign to support the new system. Today (Aug. 20, 2017), gamers can also pre-order their own Xbox One X—Microsoft’s debut 4K UHD console—at GameStop locations nationwide or online at www.gamestop.com/xboxonex.

Every year, fans from around the country travel to GameStop Expo to check out the newest games, consoles and exclusive collectibles. On Aug. 27, it will also be the only place they can get their hands on Xbox One X—long before the system becomes available on Nov. 7. Additionally, GameStop associates get plenty of time to explore the new system at Expo, so by the time they get back to their home store, they can talk in detail about the features that make this console a must-have for all gamers.

“The best place to pick up Microsoft’s most anticipated Xbox isn’t a big box,” said Bob Puzon, senior vice president of merchandising at GameStop. “Our associates are serious gamers themselves, making GameStop the only place players can get unparalleled expertise on the system and its most popular titles.”

As always, GameStop boosting affordability with special trade-in guarantees for PowerUp Rewards members, when used toward the purchase of an Xbox One X system. Upgraded trade-in values will be available for these consoles from Nov. 7 – 19.

  • Nintendo Switch, PS4 Pro: $200
  • Xbox One S, PS4 (Original or Slim): $150
  • Xbox One Original: $100

About GameStop Corp.
GameStop Corp. (NYSE:GME), a Fortune 500 and S&P 500 company headquartered in Grapevine, Texas, is a global, multichannel video game, consumer electronics and wireless services retailer. GameStop operates more than 7,500 stores across 14 countries. The company’s consumer product network also includes www.gamestop.com; Game Informer® magazine, the world’s leading print and digital video game publication; and ThinkGeek, www.thinkgeek.com, the premier retailer for the global geek community featuring exclusive and unique video game and pop culture products. Our Technology Brands segment includes 1,522 Simply Mac, Spring Mobile AT&T and Cricket stores. Simply Mac, www.simplymac.com, sells the full line of Apple products, including laptops, tablets, and smartphones and offers Apple certified warranty and repair services. Spring Mobile, www.springmobile.com, sells all of AT&T’s products and services, including DIRECTV and offers pre-paid wireless services, devices and related accessories through its Cricket branded stores in select markets in the U.S. General information about GameStop Corp. can be obtained at the company’s corporate website. Follow @GameStop and @GameStopCorp. on Twitter and find GameStop on Facebook at www.facebook.com/GameStop.

General information about GameStop Corp. can be obtained at the company’s corporate website. Follow @GameStop and @GameStopCorp on Twitter and find GameStop on Facebook at www.facebook.com/GameStop.

Contact:
Alexis Barsalou
GameStop Corp.
(817) 424-2117
AlexisBarsalou@GameStop.com

Source: GameStop Corp./globenewswire

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The Container Store Group, Inc completes amendment of its senior secured term loan credit facility

COPPELL, Texas, 2017-Aug-23 — /EPR Retail News/ — The Container Store Group, Inc. (NYSE:TCS) (the “Company”), today (08/21/2017) announced it has completed the amendment of its senior secured term loan credit facility, led by JP Morgan Chase Bank, N.A. The amended and restated facility extended the maturity date to August 18, 2021 with an increase in the applicable interest rate margin for LIBOR loans to 7%, and for base rate loans to 6%, and reduced the aggregate principal amount of the term loan to $300 million.

“We are pleased to announce the amendment of our senior secured term loan that extends the maturity date while also including a soft call provision that provides us enhanced financial flexibility,” said Jodi Taylor, Chief Financial Officer and Chief Administrative Officer. “We remain focused on executing our initiatives to drive sales and profitability and deliver operational improvement. We are updating our previously provided fiscal 2017 outlook to reflect the costs and higher interest expense associated with this amendment.”

As a result of the amendment, for fiscal 2017, the Company expects to incur approximately $7 million of incremental interest expense for a total of approximately $25 million, and debt extinguishment costs of approximately $2 million. The Company expects fiscal 2017 net income per share to be $0.13 to $0.23 based on estimated common shares outstanding of 49 million. Adjusted net income is expected to be $0.27 to $0.40 per share (see Reconciliation of GAAP to Non-GAAP Financial Measures table). All other elements of the Company’s previously issued outlook remain unchanged.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements about our expectations regarding our goals, strategies, priorities and initiatives; and our anticipated interest expense and financial performance for fiscal 2017.

These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: our Optimization Plan may not result in improved sales and profitability; our inability to open or relocate new stores, or remodel existing stores, in the timeframe and at the locations we anticipate; overall decline in the health of the economy, consumer spending, and the housing market; our operating and financial performance in a given period may not meet the guidance we provided to the public; our inability to manage costs and risks relating to new store openings; our inability to source and market new products to meet consumer preferences; our failure to achieve or maintain profitability; our dependence on a single distribution center for all of our stores; effects of a security breach or cyber-attack of our website or information technology systems; our vulnerability to natural disasters and other unexpected events; our reliance upon independent third party transportation providers; our inability to protect our brand; our failure to successfully anticipate consumer preferences and demand; our inability to manage our growth; inability to locate available retail store sites on terms acceptable to us; our inability to maintain sufficient levels of cash flow to meet growth expectations; disruptions in the global financial markets leading to difficulty in borrowing sufficient amounts of capital to finance the carrying costs of inventory to pay for capital expenditures and operating costs; fluctuations in currency exchange rates; our inability to effectively manage our online sales; competition from other stores and internet based competition; our inability to obtain merchandise on a timely basis at competitive prices as a result of changes in vendor relationships; vendors may sell similar or identical products to our competitors; our reliance on key executive management, and the transition in our executive leadership; our inability to find, train and retain key personnel; labor relations difficulties; increases in health care costs and labor costs; our dependence on foreign imports for our merchandise; violations of the U.S. Foreign Corrupt Practices Act and similar worldwide anti bribery and anti-kickback laws; and our indebtedness may restrict our current and future operations.

These and other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K filed with the Securities and Exchange Commission, or SEC, on June 1, 2017, and our other reports filed with the SEC could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.

About The Container Store

The Container Store (NYSE:TCS) is the nation’s leading retailer of storage and organization products — a concept they originated in 1978. Today, with locations nationwide, the retailer offers more than 11,000 products designed to save space and time, a suite of custom closet systems and an array of digital shopping services. Visit www.containerstore.com for more information about store locations, the product collection and services offered. Visit www.containerstore.com/blog for real solutions from the really organized and  to learn more about the company’s unique culture.www.whatwestandfor.com

Investors:
ICR, Inc.
203.682.8200
Farah Soi / Shannon Devine
Farah.Soi@icrinc.com / Shannon.Devine@icrinc.com

Media:
The Container Store Group, Inc.
Melanie Graham
972-538-6864
pr@containerstore.com

Source: The Container Store Group, Inc.