Dunkin’ Brands publishes its 2015-2016 Corporate Social Responsibility (CSR) Report

CANTON, MA, 2017-Aug-28 — /EPR Retail News/ — Dunkin’ Brands Group, Inc. (Nasdaq: DNKN), the parent company of Dunkin’ Donuts and Baskin-Robbins, has published its 2015-2016 Corporate Social Responsibility (CSR) Report. The report provides a detailed overview of the company’s ongoing efforts to source ingredients responsibly, reduce energy use in corporate holdings, provide more menu transparency and be a force for good in local communities, among others. The report also details progress made against commitments outlined in Dunkin’ Brands’ most recent CSR report, issued in 2015.

Key highlights of the report include:Sustainable Building: In 2014 Dunkin’ Brands launched DD Green™ Achievement, a program designed to help Dunkin’ Donuts franchisees build sustainable, energy-efficient restaurants in the U.S. The company set a goal for 100 DD Green Achievement restaurants by the end of 2016, and reached that milestone in October 2016. There are now approximately 150 DD Green Achievement restaurants around the country. In 2017, Dunkin’ Brands is setting a target to open 500 DD Green Achievement restaurants in the U.S. by the end of 2020.

Since 2010, Dunkin’ Brands experienced a 35% drop in electricity use at its Corporate Headquarters, and a 57% drop in heating and 35% drop in electricity use at its training facility. For the first time ever, Dunkin’ Brands is setting 2020 and 2025 energy reduction goals for its corporate holdings.

Removal of Synthetic Dyes: To meet customers’ preference for more nutritional transparency and simpler ingredients, in 2017 Dunkin’ Brands announced a goal to remove synthetic dyes from the Dunkin’ Donuts and Baskin-Robbins U.S. menus by the end of 2018, with the exception of some supplier-branded ingredients produced by other companies. Both the Dunkin’ Donuts and Baskin-Robbins product development teams, in partnership with suppliers, have been working to replace synthetic dyes.

Responsible Sourcing: In 2014, Dunkin’ Brands issued its Guidelines for Sourcing Palm Oil, and since then has engaged in a multi-stakeholder effort to source sustainable palm oil – from mapping its U.S. and international supply chains, to instructing U.S. suppliers to purchase certified mass balance palm oil materials for U.S. operations. Dunkin’ Brands also joined the Roundtable for Sustainable Palm Oil (RSPO). In 2017, Dunkin’ Brands plans on releasing revised and updated Guidelines for Sourcing Palm Oil, which will include a goal of fully traceable palm oil to the mill by a timebound date, while continuing to work with suppliers to improve traceability data.

As a coffee leader, Dunkin’ Donuts is committed to incorporating certified products in its coffee portfolio and helping to make a positive impact on farming communities worldwide. In 2017, the brand expanded its current work with the Rainforest Alliance to have all Dunkin’ Donuts’ espresso beverages served at Dunkin’ Donuts U.S. restaurants and in approximately 16 international markets made with 100% espresso beans sourced from Rainforest Alliance Certified™ farms.

Dunkin’ Brands issued its new Sustainable Pulp and Paper Sourcing policy in 2016. This includes a goal to source 80% of the packaging used in Dunkin’ Donuts restaurants and Baskin-Robbins restaurants in the U.S. from Sustainable Forestry Initiative (SFI) sources (up from 60% today) by the end of 2018. The policy can be found at http://www.dunkinbrands.com/responsibility/policies-and-statements.

The Joy In Childhood Foundation℠: Dunkin’ Brands franchisees value the role they can play in strengthening the neighborhoods they serve. In 2016, Dunkin’ Brands re-launched its Foundation with a new mission, vision and name – the Joy in Childhood Foundation – to reflect the company’s continued commitment to providing simple moments of joy to sick and hungry kids. This rebranding coincided with the exciting milestone of the Foundation’s 10-year anniversary. Since 2006, the Joy in Childhood Foundation, formerly The Dunkin’ Donuts & Baskin-Robbins Community Foundation, has granted $14 million to help improve the lives of children and families in the communities where the brand operates.

2016 also marked Dunkin’ Brands’ most successful year ever for its in-store fundraisers, Community Cups℠ and Community Cones℠, which raised $1.3 million thanks to Dunkin’ Donuts’ and Baskin-Robbins’ generous guests.

Diversity: Finally, Dunkin’ Brands has done a tremendous amount of work to increase diversity and inclusion in the workplace since its last report.

For instance, in 2016, Dunkin’ Brands made a public commitment to developing and paying women equally. Dunkin’ Brands was one of 100+ companies that signed the White House Equal Pay Pledge, and is a member of the Boston Women’s Workforce Council’s 100% Talent Compact. In addition, Dunkin’ Brands launched new employee resource groups (ERGs), which are open to all employees in the organization, to create a more inclusive workplace environment.

“Our newest Corporate Social Responsibility Report shows that Dunkin’ Brands has made important progress in sustainable sourcing and building, energy efficiency, menu transparency and community giving,” said Nigel Travis, Chairman and Chief Executive Officer of Dunkin’ Brands. “We are proud of our successes in helping our franchisees open new DD Green Achievement restaurants, working towards removing synthetic dyes from our menus, expanding our partnership with the Rainforest Alliance, and re-launching our Foundation to provide joy to sick and hungry kids. However, as we both look back and ahead, we recognize how much more there is to be done. We remain dedicated to meeting the challenges that face our business, and to serve our people and our planet responsibly.”

To download and read the report, or to learn more about Dunkin’ Brands’ CSR initiatives, please visit www.dunkinbrands.com/responsibility.

About Dunkin’ Brands Group, Inc.

With more than 20,000 points of distribution in more than 60 countries worldwide, Dunkin’ Brands Group, Inc. (Nasdaq: DNKN) is one of the world’s leading franchisors of quick service restaurants (QSR) serving hot and cold coffee and baked goods, as well as hard-serve ice cream. At the end of the second quarter 2017, Dunkin’ Brands’ 100 percent franchised business model included more than 12,300 Dunkin’ Donuts restaurants and more than 7,800 Baskin-Robbins restaurants. Dunkin’ Brands Group, Inc. is headquartered in Canton, Mass.

CONTACT INFORMATION:
Name: Lindsay Cronin
Phone: 781-737-5200
Email: press@dunkinbrands.com

Source: Dunkin’ Brands Group, Inc.

Amazon’s acquisition of Whole Foods Market will close on Monday August 28, 2017

Seattle, Wash. & Austin, Texas, 2017-Aug-28 — /EPR Retail News/ — Amazon and Whole Foods Market today (August 24, 2017) announced that Amazon’s acquisition of Whole Foods Market will close on Monday August 28, 2017, and the two companies will together pursue the vision of making Whole Foods Market’s high-quality, natural and organic food affordable for everyone. As a down payment on that vision, Whole Foods Market will offer lower prices starting Monday on a selection of best-selling grocery staples across its stores, with more to come.

In addition, Amazon and Whole Foods Market technology teams will begin to integrate Amazon Prime into the Whole Foods Market point-of-sale system, and when this work is complete, Prime members will receive special savings and in-store benefits. The two companies will invent in additional areas over time, including in merchandising and logistics, to enable lower prices for Whole Foods Market customers.

“We’re determined to make healthy and organic food affordable for everyone. Everybody should be able to eat Whole Foods Market quality – we will lower prices without compromising Whole Foods Market’s long-held commitment to the highest standards,” said Jeff Wilke, CEO of Amazon Worldwide Consumer. “To get started, we’re going to lower prices beginning Monday on a selection of best-selling grocery staples, including Whole Trade organic bananas, responsibly-farmed salmon, organic large brown eggs, animal-welfare-rated 85% lean ground beef, and more. And this is just the beginning – we will make Amazon Prime the customer rewards program at Whole Foods Market and continuously lower prices as we invent together. There is significant work and opportunity ahead, and we’re thrilled to get started.”

“It’s been our mission for 39 years at Whole Foods Market to bring the highest quality food to our customers,” said John Mackey, Whole Foods Market co-founder and CEO. “By working together with Amazon and integrating in several key areas, we can lower prices and double down on that mission and reach more people with Whole Foods Market’s high-quality, natural and organic food. As part of our commitment to quality, we’ll continue to expand our efforts to support and promote local products and suppliers. We can’t wait to start showing customers what’s possible when Whole Foods Market and Amazon innovate together.”

Here’s what will be new in Whole Foods Market stores on Monday and what customers can expect over time as the two companies integrate:

  • Starting Monday, Whole Foods Market will offer lower prices on a selection of best-selling staples across its stores, with much more to come. Customers will enjoy lower prices on products like Whole Trade bananas, organic avocados, organic large brown eggs, organic responsibly-farmed salmon and tilapia, organic baby kale and baby lettuce, animal-welfare-rated 85% lean ground beef, creamy and crunchy almond butter, organic Gala and Fuji apples, organic rotisserie chicken, 365 Everyday Value organic butter, and much more.
  • In the future, after certain technical integration work is complete, Amazon Prime will become Whole Foods Market’s customer rewards program, providing Prime members with special savings and other in-store benefits.
  • Whole Foods Market’s healthy and high-quality private label products—including 365 Everyday Value, Whole Foods Market, Whole Paws and Whole Catch—will be available through Amazon.com, AmazonFresh, Prime Pantry and Prime Now.
  • Amazon Lockers will be available in select Whole Foods Market stores. Customers can have products shipped from Amazon.com to their local Whole Foods Market store for pick up or send returns back to Amazon during a trip to the store.

This is just the beginning – Amazon and Whole Foods Market plan to offer more in-store benefits and lower prices for customers over time as the two companies integrate logistics and point-of-sale and merchandising systems.

Whole Foods Market will continue to grow its team and create jobs in local communities as it opens new stores, hires new team members, and expands its support of local farmers and artisans. The company will maintain operations under the Whole Foods Market brand, preserve its high standards and commitment to providing the finest natural and organic foods, and continue to source from trusted vendors and partners around the world. John Mackey will remain as CEO and Whole Foods Market’s headquarters will stay in Austin, Texas

Cautionary Statement Regarding Amazon Forward-Looking Statements 
This communication contains forward-looking statements.  We use words such as anticipates, believes, expects, future, intends, and similar expressions to identify forward-looking statements.  Actual results could differ materially from those projected or forecast in the forward-looking statements. Factors that could cause actual results to differ materially include the following: factors that could affect the timing of the consummation of Amazon’s acquisition of Whole Foods Market; Amazon may be unable to achieve the anticipated benefits of the transaction; revenues following the transaction may be lower than expected; operating costs, customer loss, and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, and suppliers) may be greater than expected; Amazon may assume unexpected risks and liabilities; initiatives with Whole Foods Market may distract Amazon’s management from other operations; and the other factors discussed in “Risk Factors” in Amazon’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016 and in Amazon’s other filings with the SEC, which are available at http://www.sec.gov. Amazon assumes no obligation to update the information in this communication, except as otherwise required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.

Contact:
SOmedia@wholefoods.com

Source: Whole Foods Market

Apple to build new data center in Waukee, Iowa; facility will run entirely on renewable energy

Facility Outside Des Moines Will Run on 100 Percent Renewable Energy

Des Moines, Iowa, 2017-Aug-28 — /EPR Retail News/ — Apple today (AUGUST 24, 2017) announced plans to build a 400,000-square-foot, state-of-the-art data center in Waukee, Iowa, to better serve North American users of iMessage, Siri, the App Store and other Apple services. Like all Apple data centers, the new facility will run entirely on renewable energy from day one.

Apple’s investment of $1.3 billion will create over 550 construction and operations jobs in the Des Moines area, and the company is contributing up to $100 million to a newly created Public Improvement Fund dedicated to community development and infrastructure around Waukee.

“At Apple, we’re always looking at ways to deliver even better experiences for our customers. Our new data center in Iowa will help serve millions of people across North America who use Siri, iMessage, Apple Music and other Apple services — all powered by renewable energy,” said Tim Cook, Apple’s CEO. “Apple is responsible for 2 million jobs in all 50 states and we’re proud today’s investment will add to the more than 10,000 jobs we already support across Iowa, providing even more economic opportunity for the community.”

The new Public Improvement Fund, to be established and managed by the City of Waukee, will support the development of community projects like parks, libraries and recreational spaces, as well as infrastructure needs. The first project the fund will support is construction of the Waukee Youth Sports Campus featuring a greenhouse, playground, fishing pier and fields for high school and public sporting events.

Apple will be working with local partners to invest in renewable energy projects from wind and other sources to power the data center. Apple has pledged to power all of its global operations with 100 percent renewable energy, and has already reached that goal in the US and 23 other countries.

“We’re honored Apple is choosing Iowa for the site of its most technologically advanced data center to date,” said Iowa Governor Kim Reynolds. “Apple’s commitment to innovation and renewable energy leadership mirrors our own. This investment in our state is vital as we continue to develop as a technology hub and grow our workforce.”

“Waukee is proud to welcome Apple,” said Waukee Mayor Bill Peard. “This new facility will bring with it high-quality jobs and important infrastructure developments for the city. We look forward to a continued partnership with Apple on this effort for decades to come.”

Construction on the data center is expected to start early next year and Apple plans to bring it online in 2020.

Apple is one of the biggest job creators in the United States, responsible for 2 million jobs. Last year, Apple spent over $50 billion with more than 9,000 US suppliers and manufacturers. Since the launch of the App Store in 2008, US developers have earned over $16 billion in App Store sales worldwide.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.

Press Contacts:
Josh Rosenstock
Apple
jrosenstock@apple.com
(408) 981-6938

Apple Media Helpline:
media.help@apple.com
(408) 974-2042

Rachel Wolf Tulley
Apple
rachel_tulley@apple.com
(408) 974-0078

Source: Apple Inc.

Perry Ellis International Q@ 2018 results: Total revenues of $207 million and rising 2.5% from $202 million in 2017

MIAMI, 2017-Aug-28 — /EPR Retail News/ — Perry Ellis International, Inc. (NASDAQ:PERY) today (August 24, 2017) reported results for the second quarter ended July 29, 2017 (“second quarter of fiscal 2018”).  Second quarter results reflected increases across key financial metrics including increased total revenues and expansion in gross margin, which led to a more than doubling of pre-tax income versus the prior year second quarter.

Key Fiscal Second Quarter 2018 Financial Accomplishments and Operational Highlights:

  • Total revenues of $207 million, exceeding guidance of $202 to $205 million and rising 2.5% (3.0% in constant currency) from $202 million reported in the second quarter of fiscal 2017
  • GAAP gross margin expanded 40 basis points to 37.0% as compared to 36.6% in the prior year period reflecting increases in margin across core brands
  • Adjusted pre-tax income of $3.2 million, rose 116% from adjusted pre-tax income of $1.5 million in the second quarter of fiscal 2017;
  • GAAP pre-tax income was $2.7 million compared to a pre-tax loss of $4.4 million in the comparable period of the prior year
  • Adjusted diluted EPS of $0.16, exceeded guidance of $0.07 to $0.10 per diluted share, compared to adjusted diluted EPS of $0.15 in the second quarter of fiscal 2017;
  • GAAP diluted EPS was $0.06 compared to a diluted EPS loss of $0.24 in the comparable period of the prior year
  • First six months, cash flow from operations tops $40 million with net debt to total capitalization of 8.6%

Company reiterates guidance for fiscal year 2018 for revenues in a range of $870 million to $880 million and diluted earnings per share in a range of $2.07 to $2.17.

Oscar Feldenkreis, Chief Executive Officer and President, commented, “We delivered strong second quarter results, exceeding both our top and bottom line guidance, continuing our positive momentum from first quarter.  Our ongoing positive performance demonstrates the power of our core brands, the strong response to our product innovations and the intense focus with which we direct our resources to deliver.  As a result of our strategies, the quarter saw growth across all key operating metrics with increased net revenue, expansion in gross margin, a significant increase in operating profit and a more than doubling of adjusted pre-tax earnings. Of particular strength were our PERRY ELLIS, Original Penguin, Golf Sportswear and Nike brands.  Our brands and business are positioned for success as we enter the fall season and as such have reiterated our guidance.”

Fiscal 2018 Second Quarter Results

Total revenue was $207 million, a 2.5% increase (3.0% in constant currency) compared to $202 million reported in the second quarter of fiscal 2017.  This reflected growth in core brand sales and strong sell through rates throughout the spring season. The disciplined management of inventory along with increased sales of higher margin core brands led to a 40 basis point expansion in GAAP gross margin to 37.0% in the second quarter from 36.6% in the second quarter of fiscal 2017.  Adjusted gross margin was also 37.0% compared with adjusted gross margin of 36.6% in the comparable period of the prior year.  (Adjusted gross margin excludes certain items as outlined in Table 2 Reconciliation of Gross Profit to Adjusted Gross Profit and Adjusted Gross Margin.)

Adjusted EBITDA totaled $8.5 million as compared to $7.1 million in the comparable period of the prior year. (Adjusted EBITDA excludes certain items as outlined in Table 3, Reconciliation of Net Income to EBITDA and Adjusted EBITDA.)

Adjusted pre-tax income was $3.2 million, increasing 116% from $1.5 million in the second quarter of fiscal 2017. GAAP pre-tax income was $2.7 million compared to a pre-tax loss of $4.4 million in the comparable period of prior year. (Adjusted pre-tax income (loss) excludes certain items as outlined in Table 4 Reconciliation of Net Income (loss) before taxes to Adjusted Net Income (loss) before taxes.)

As reported under GAAP, the second quarter of fiscal 2018 net income was $1.0 million, or $0.06 per diluted share, compared to a GAAP net loss of $3.6 million, or $0.24 per diluted share, in the prior year period. On an adjusted basis, the fiscal 2018 second quarter net income was $2.5 million, or $0.16 per diluted share, as compared to adjusted net income of $2.3 million, or $0.15 per diluted share in the second quarter of fiscal 2017. (Adjusted net income and adjusted earnings per diluted share exclude certain items as outlined in Table 1 Reconciliation of net income (loss) and income (loss) per diluted share to adjusted net income and adjusted net income per diluted share.)

Balance Sheet and Cash Flows

The Company’s financial position continues to get stronger. Cash and investments at the end of the second quarter of fiscal 2018 totaled $53 million and the company’s net debt to total capitalization stood at 8.6% at the end of the second quarter of fiscal 2018 as compared to 17.3% at the end of the second quarter of fiscal 2017.  Working capital management continues to be a critical focus across the organization as inventory turned at approximately 4 times as of the end of the second quarter of fiscal 2018.  Cash flow from operations increased to $40 million for the first six months of fiscal 2018 compared to $36 million in the first six months of fiscal 2017.

George Feldenkreis, Executive Chairman, Perry Ellis International, commented, “We continue to successfully navigate the changing US retail environment, as demonstrated by our strong second quarter performance, and remain committed to accelerate our revenues by creating opportunities that strengthen the performance of our brands.  Our investment in talent, marketing and our digital platform is elevating our brands around the world.”

About Perry Ellis International

Perry Ellis International, Inc. is a leading designer, distributor and licensor of a broad line of high quality men’s and women’s apparel, accessories and fragrances. The Company’s collection of dress and casual shirts, golf sportswear, sweaters, dress pants, casual pants and shorts, jeans wear, active wear, dresses and men’s and women’s swimwear is available through all major levels of retail distribution. The Company, through its wholly owned subsidiaries, owns a portfolio of nationally and internationally recognized brands, including: Perry Ellis®, Original Penguin® by Munsingwear®, Laundry by Shelli Segal®, Rafaella®, Cubavera®, Ben Hogan®, Savane®, Grand Slam®, John Henry®, Manhattan®, Axist®, Jantzen® and Farah®.  The Company enhances its roster of brands by licensing trademarks from third parties, including: Nike® and Jag® for swimwear, and Callaway®, PGA TOUR®, and Jack Nicklaus® for golf apparel. Additional information on the Company is available at http://www.pery.com.

Safe Harbor Statement
We caution readers that the forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations rather than historical facts and they are indicated by words or phrases such as “anticipate,” “believe,” “budget,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “guidance,” “indicate,” “intend,” “may,” “might,” “plan,” “possibly,” “potential,” “predict,” “probably,” “proforma,” “project,” “seek,” “should,” “target,” or “will” or the negative thereof or other variations thereon and similar words or phrases or comparable terminology. Such forward-looking statements include, but are not limited to, statements regarding Perry Ellis’ strategic operating review, growth initiatives and internal operating improvements intended to drive revenues and enhance profitability, the implementation of Perry Ellis’ profitability improvement plan and Perry Ellis’ plans to exit underperforming, low growth brands and businesses. We have based such forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, many of which are beyond our control.  These factors include: general economic conditions, a significant decrease in business from or loss of any of our major customers or programs, anticipated and unanticipated trends and conditions in our industry, including the impact of recent or future retail and wholesale consolidation, recent and future economic conditions, including turmoil in the financial and credit markets, the effectiveness of our planned advertising, marketing and promotional campaigns, our ability to contain costs, disruptions in the supply chain, including, but not limited to those caused by port disruptions, disruptions due to weather patterns, our future capital needs and our ability to obtain financing, our ability to protect our trademarks, our ability to integrate acquired businesses, trademarks, trade names and licenses, our ability to predict consumer preferences and changes in fashion trends and consumer acceptance of both new designs and newly introduced products, the termination or non-renewal of any material license agreements to which we are a party, changes in the costs of raw materials, labor and advertising, our ability to carry out growth strategies including expansion in international and direct-to-consumer retail markets, the effectiveness of our plans, strategies, objectives, expectations and intentions which are subject to change at any time at our discretion, potential cyber risk and technology failures which could disrupt operations or result in a data breach, the level of consumer spending for apparel and other merchandise, our ability to compete, exposure to foreign currency risk and interest rate risk, the impact to our business resulting from the United Kingdom’s referendum vote to exit the European Union and the uncertainty surrounding the terms and conditions of such a withdrawal, as well as the related impact to global stock markets and currency exchange rates; possible disruption in commercial activities due to terrorist activity and armed conflict, actions of activist investors and the cost and disruption of responding to those actions, and other factors set forth in Perry Ellis’ filings with the Securities and Exchange Commission. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in Perry Ellis’ filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which are valid only as of the date they were made. We undertake no obligation to update or revise any forward-looking statements to reflect new information or the occurrence of unanticipated events or otherwise.

Contact:

Annette Ramos
Investor Relations
305-873-1488
Annette.ramos@pery.com

Source: Perry Ellis International, Inc./globenewswire

CBL & Associates Properties declares quarterly cash dividend of $0.265 per share on its common stock

CHATTANOOGA, Tenn., 2017-Aug-28 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL) today (8/24/2017) announced that its Board of Directors has declared a quarterly cash dividend for the Company’s Common Stock of $0.265 per share for the quarter ending September 30, 2017. The dividend is payable on October 16, 2017, to shareholders of record as of October 2, 2017.

The Board also declared a quarterly cash dividend of $0.4609375 per depositary share for the quarter ending September 30, 2017, for the Company’s 7.375% Series D Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $1.84375 per depositary share, is payable on October 2, 2017, to shareholders of record as of September 15, 2017.

The Board also declared a quarterly cash dividend of $0.4140625 per depositary share for the quarter ending September 30, 2017, for the Company’s 6.625% Series E Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $1.65625 per depositary share, is payable on October 2, 2017, to shareholders of record as of September 15, 2017.

About CBL & Associates Properties, Inc.

Headquartered in Chattanooga, TN, CBL is one of the largest and most active owners and developers of malls and shopping centers in the United States. CBL owns, holds interests in or manages 121 properties, including 78 regional malls/open-air centers. The properties are located in 27 states and total 75.5 million square feet including 6.3 million square feet of non-owned shopping centers managed for third parties. Additional information can be found at cblproperties.com.

Information included herein contains “forward-looking statements” within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including without limitation the Company’s Annual Report on Form 10-K and the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included therein, for a discussion of such risks and uncertainties.

Contact:
Katie Reinsmidt
423-490-8301
EVP – Chief Investment Officer
katie.reinsmidt@cblproperties.com

Source: CBL & Associates Properties, Inc.

Dollar Tree Q2 2017 results: Consolidated Sales Increased 5.7% to $5.28 Billion

  • Enterprise Operating Margin Improved 80 Basis Points to 7.9% 
  • Diluted Earnings per Share Increased 36.1% to $0.98 vs. $0.72 
  • Enterprise Same-Store Sales Increased 2.4% 
  • Same-Store Sales by Segment: Dollar Tree +3.9%, Family Dollar +1.0%

CHESAPEAKE, Va., 2017-Aug-28 — /EPR Retail News/ — Dollar Tree, Inc. (NASDAQ: DLTR), North America’s leading operator of discount variety stores, today (August 24, 2017) reported results for its second fiscal quarter ended July 29, 2017.

“I am extremely pleased with the quarter,” stated Bob Sasser, Chief Executive Officer. “Both Dollar Tree and Family Dollar produced positive same-store sales, our enterprise operating margin improved 80 basis points and earnings per share exceeded the high end of our guidance range. Consumers continue to view Dollar Tree and Family Dollar as stores that provide great value and convenience.”

Second Quarter Results

Consolidated net sales increased 5.7% to $5.28 billion from $5.00 billion in the prior year’s second quarter. Enterprise same-store sales increased 2.4%. The same-store sales growth was driven by increases in comparable transaction count and average ticket. Same-store sales for the Dollar Tree banner increased 3.9%. Same-store sales for the Family Dollar banner increased 1.0%.

Gross profit increased 7.6% to $1.63 billion compared to $1.51 billion in the prior year’s second quarter. As a percent of sales, gross margin increased to 30.8% compared to 30.3% in the prior year. The 50 basis point improvement was driven primarily by lower merchandise and freight costs and lower markdowns in the current quarter, partially offset by higher distribution and occupancy costs.

Selling, general and administrative expenses were 22.9% of sales compared to 23.1% of sales in the prior year’s second quarter. The 20 basis point improvement, as a percent of sales, was driven primarily by lower depreciation costs, lower payroll costs and workers’ compensation expenses and lower utility costs as a percent of sales, partially offset by higher operating and corporate expenses resulting from increased advertising costs and legal fees.

During the quarter, the Company recorded $2.6 million, or $0.01 per diluted share, of impairment charges related to its receivable from Dollar Express, which acquired the stores that the FTC required the Company to divest. The impairment charges, from the first and second quarters of 2017, totaling $53.5 million, are recorded as “Receivable impairment” in the accompanying condensed consolidated income statements.

Operating income increased 17.4% to $419.5 million compared with $357.2 million in the same period last year and operating income margin increased to 7.9% of sales in the current quarter from 7.1% in last year’s quarter.

The Company’s effective tax rate for the quarter was 32.0% compared to 36.9% in the prior year period. The lower tax rate included a tax benefit of $9.9 million, or $0.04 per diluted share, related to a state reduction in corporate tax rate.

Net income compared to the prior year’s second quarter increased $63.6 million to $233.8 million and diluted earnings per share increased 36.1% to $0.98 compared to $0.72 in the prior year’s quarter.

During the quarter, the Company opened 133 stores, expanded or relocated 31 stores, and closed 34 stores. Retail selling square footage at quarter-end was approximately 114.5 million square feet.

First Six Months Results

Consolidated net sales increased 4.8% to $10.57 billion from $10.08 billion in the same period last year. Enterprise same-store sales increased 1.2%. The same-store sales growth was driven by increases in comparable transaction count and average ticket. Same-store sales for the Dollar Tree banner increased 2.9%. Same-store sales for the Family Dollar banner decreased 0.2%.

Gross profit increased 6.1% to $3.25 billion from $3.07 billion in the first six months of 2016. As a percent of sales, gross margin increased 40 basis points to 30.8% from 30.4% in the prior year period.

As a percent of sales, selling, general and administrative expenses increased to 23.2% from 22.7% in the same period last year. The increase is the result of the $53.5 million receivable impairment. Excluding the receivable impairment, selling, general and administrative expenses improved to 22.6% of sales.

Net income increased 7.8% to $434.3 million from $402.8 million in the first six months of 2016, and diluted earnings per share increased 7.6% to $1.83, compared to $1.70 in the prior year’s period. Excluding the $53.5 million receivable impairment, adjusted diluted earnings per share increased 15.9% to $1.97.

Company Outlook

The Company estimates consolidated net sales for the third quarter of 2017 to range from $5.20 billion to $5.29 billion, based on a low single-digit increase in same-store sales for the combined enterprise. Diluted earnings per share are estimated to be in the range of $0.83 to $0.90.

Consolidated net sales for full-year fiscal 2017 are now expected to range from $22.07 billion to $22.28 billion compared to the Company’s previously expected range of $21.95 billion to $22.25 billion. This estimate is based on a low single-digit increase in same-store sales and 3.9% square footage growth. The Company now anticipates net income per diluted share for full-year fiscal 2017 will range between $4.44 and $4.60, compared to its previous guidance of $4.17 to $4.43. This estimate includes $53.5 million, or $0.14 per diluted share, of receivable impairment charges incurred in the first half of 2017. Fiscal 2017 includes a 53rd week. The extra week, in the fourth quarter, is expected to add $400 million to $430 million to sales and $0.19 to $0.22 to diluted earnings per share, both of which are included in the guidance.

Sasser added, “I am incredibly proud of our people. Our merchants, store operators, supply chain and support teams have truly embraced this opportunity to improve and grow our combined business. As always, our focus is on the customer and how we can best meet their evolving needs. We have a proven business model, an experienced leadership team, momentum in our business and a transformational opportunity. We are confident that we are well-positioned for the back half of 2017 and look to deliver value to our long-term shareholders in the years ahead.”

Conference Call Information

On Thursday, August 24, 2017, the Company will host a conference call to discuss its earnings results at 9:00 a.m. Eastern Time. The telephone number for the call is 877-604-9665. A recorded version of the call will be available until midnight Wednesday, August 30, 2017 and may be accessed by dialing 888-203-1112. The access code is 2174184. A webcast of the call is accessible through Dollar Tree’s website and will remain online through Wednesday, August 30, 2017.

Dollar Tree, a Fortune 200 Company, operated 14,581 stores across 48 states and five Canadian provinces as of July 29, 2017. Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada. To learn more about the Company, visit www.DollarTree.com.

A WARNING ABOUT FORWARD-LOOKING STATEMENTS:

Our press release contains “forward-looking statements” as that term is used in the Private Securities Litigation Reform Act of 1995. Forward-looking statements address future events, developments or results and typically use words such as believe, anticipate, expect, intend, plan, forecast, or estimate. For example, our forward-looking statements include statements regarding third quarter 2017 and full-year 2017 net sales and same-store sales, third quarter 2017 and full-year 2017 diluted earnings per share, square footage growth, the benefits, results, and effects of the merger with Family Dollar, including integration plans and synergies, the collection of the receivable from Dollar Express and the related litigation, and future financial and operating results and shareholder value, the combined company’s plans, objectives, expectations (financial and otherwise) and intentions. These statements are subject to risks and uncertainties, including that we may be unable to successfully recover any amount from Dollar Express or others. For a discussion of the risks, uncertainties and assumptions that could affect our future events, developments or results, you should carefully review the “Risk Factors,” “Business” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections in our Annual Report on Form 10-K filed March 28, 2017 and other filings with the Securities and Exchange Commission. We are not obligated to release publicly any revisions to any forward-looking statements contained in this press release to reflect events or circumstances occurring after the date of this report and you should not expect us to do so.

Contact:
Randy Guiler
757-321-5284
Vice President, Investor Relations
www.DollarTree.com

Source: Dollar Tree, Inc.

ENGLAND: The Co-op to relaunch two stores in Barrow in Furness and Dalton in Furness in September

Two stores in Barrow in Furness and Dalton in Furness set to unveil new look following £1.4 million refits

MANCHESTER, England, 2017-Aug-28 — /EPR Retail News/ — The Co-op’s investment in Cumbria is set to top £4.5 million as it prepares to relaunch two stores in Barrow on Furness and neighbouring Dalton in Furness during early September.

Roose Road’s Co-op will reopen its doors on 1 September following a £590,000 makeover, whilst Market Street’s Co-op will unveil its £832,000 new look on 8 September.

Both will have a focus on fresh, healthy foods, meal ideas and essentials.

The refits form part of a rigorous programme which saw Co-op stores Island Road, Barrow and Brampton unveil their new look in May, Denton Street, Carlisle in June and Egremont and Kirkby Stephen in July. They also follow the first birthday of the Co-op’s £600,000 Seascale store which opened last summer.

The stores will also bring a funding boost for local community groups through the Co-op’s new Membership scheme. Members receive a 5% reward on purchases of own-branded products and services, with a further 1% going directly to local causes to make a difference in the community.

Charities and groups set to benefit in the Roose Road area include The Birchall Trust and Project John Ltd, whilst those at Market Street include 1st Dalton St Mary’s Guides, Buccleuch Hall Management Committee and The Rotary Club of Furness Peninsula.

John McNeill, Co-op’s Divisional Managing Director, said:
“2017 is shaping up to be a terrific year for the Co-op in Cumbria. Having invested well over £4.5 million in revamping our stores, along with the roll out of our recent local sourcing programme, we want customers to know that we’re committed to delivering a consistently brilliant in-store experience. Consumer habits are changing and we know that shoppers simply want to buy what they want, when they want.

“What’s more, our membership message seems to be resonating with shoppers in Cumbria, where earlier this year we raised £133,000 for 57 good causes. We want people to know that by becoming a co-owner of their Co-op, they can also give back to the community. Just by swiping their membership card, they will make a difference to local life, raising much needed funds for causes on their doorstep.”
There are offers and promotions in and around the new stores to mark their launch.

And, students holding the NUS extra card will also receive a 10% discount off their groceries.

Further information about the benefits of Co-op membership and, its Local Community Fund, is available by visiting: http://www.coop.co.uk/membership/

Media Contact:

Aimi McNeill
Press and Media Manager
T:0161 6924286 M:07739 657585
aimi.mcneill@co-operative.coop
coop.co.uk

Source: coop.uk

ENGLAND: The Co-op opens new stores in Chelmsford, Walthamstow and Hornchurch; will create 50 jobs for local people

MANCHESTER, England, 2017-Aug-28 — /EPR Retail News/ — The Co-op is investing £2.2 million in the region by opening brand new stores in Chelmsford, Walthamstow and Hornchurch, which together will create 50 jobs for local people.

Chelmsford’s new store, situated on New Street, is set to open its doors on Thursday 31 August, whilst Walthamstow’s Co-op on Blackhorse Lane will launch on Thursday 7 September. Hornchurch’s Co-op on Station parade will be the last of the trio to launch on Thursday 14 September.

All will have a focus on fresh, healthy foods, meal ideas and everyday essentials. They will also deliver a funding boost for local community groups through the Co-op’s new membership scheme. Members receive a 5% reward on purchases of Co-op own-branded products and services, with a further 1% going to local causes to make a difference in the community.

Peter Batt, divisional managing director for the Co-op, said:
“We are delighted to have made such a significant investment in the Greater London and Essex area by opening three brand new stores. The Co-op is moving forward with a clear purpose and momentum and our ambition is to establish all of our stores as a local hub, a real asset for the community.

“The return to our ‘clover leaf’ design logo – first used in the 1960’s – aims to re-establish the Co-op as a centre for the community, and we want shoppers to know that they can become a co-owner and member of their Co-op. Our members have an opportunity to make a difference locally and by using their membership card when they shop with us they will raise much needed funding for organisations who contribute to improving local life.”

There are offers and promotions in and around the new and improved stores to mark their launch. And students in the region who hold an NUS card will receive a 10% discount off their groceries in the store.

Further information about the benefits of Co-op membership and, its Local Community Fund, are available by visiting: http://www.coop.co.uk/membership/

Media Contact:

Aimi McNeill
Press and Media Manager
T:0161 6924286
M:07739 657585
aimi.mcneill@co-operative.coop
coop.co.uk

Source: Coop.co.uk

PetSmart to announce Q2 2017 results on September 6, 2017

PHOENIX, AZ, 2017-Aug-28 — /EPR Retail News/ — PetSmart, Inc. (the “Company”) plans to make its second quarter fiscal 2017 results available on the Company’s secure website on Wednesday, September 6, 2017. The Company will also hold an investor conference call to review its results for the second quarter fiscal 2017 on Thursday, September 7, 2017. The results and call will be made available to lenders under the credit facilities, holders of the Company’s 7.125% Senior Unsecured Notes due 2023, the 5.875% Senior Secured Notes due 2025, the 8.875% Senior Unsecured Notes due 2025 (collectively the “notes”), bona fide prospective investors of the notes, bona fide securities analysts and bona fide market makers.

The lenders under the credit facilities will receive details on how to access the call from the administrative agents for the respective credit facilities.

Holders of the notes, prospective investors, securities analysts and market makers that have not previously registered with the Company must contact the Company to pre-register and certify eligibility in order to access the financial results and dial-in information for the conference call. To receive information on how to pre‐register, parties should send an email to investorrelations@petsmart.com. Requests for pre-registration must be received by Friday, September 1, 2017.

About PetSmart® 
PetSmart, Inc. is the largest specialty pet retailer of services and solutions for the lifetime needs of pets. At PetSmart, we love pets, and we believe pets make us better people. Every day with every connection, PetSmart’s passionate associates help bring pet parents closer to their pets so they, together, can live more fulfilled lives. This vision impacts everything we do for our customers, the way we support our associates and how we give back to our communities. We employ approximately 55,000 associates, operate more than 1,500 pet stores in the United States, Canada and Puerto Rico and over 200 in-store PetSmart® PetsHotel® dog and cat boarding facilities. PetSmart provides a broad range of competitively priced pet food and products, as well as pet-focused services such as dog training, pet grooming, pet boarding, PetSmart® Doggie Day Camp® and pet adoption. PetSmart, together with non-profits PetSmart Charities® and PetSmart Charities™ of Canada, invite more than 3,000 animal welfare organizations to bring adoptable pets into stores so they have the best chance possible of finding a forever home. Through this in-store adoption program and other signature events, PetSmart has facilitated more than 7.3 million adoptions – more than any other brick-and-mortar organization. The company’s portfolio of digital resources for pet parents includes PetSmart.com, Chewy.com, PetFoodDirect.com, Pet360.com, petMD.com, PawCulture.com, AllPaws, an online pet adoption platform that helps potential pet parents find the perfect pet to adopt based on their home, family and lifestyle, as well as BlogPaws, the world’s first pet blogger and influencer network. Through these digital platforms, PetSmart offers the most comprehensive online pet supplies and pet care information in the U.S. In celebration of its 30th anniversary, PetSmart launched its Buy a Bag, Give a Meal™ program in March 2017. For every bag of cat or dog food purchased March 1 – Dec. 31, 2017, PetSmart will donate a meal to pets in need and expects to donate more than 60 million meals. On May 31, 2017, PetSmart, Inc. completed the acquisition of Chewy, Inc., the nation’s leading online retailer for pet products.

Contact :

PetSmart Investor Relations
Kim Smith, Tom Melito
investorrelations@petsmart.com
623-587-2025

Source: PetSmart, Inc

Trigild Expands Management Profile

SAN DIEGO, United States, 2017-Aug-24 — /EPR Retail News/ — Expanding its national portfolio, Trigild – a San Diego-based real estate services firm – has taken over the management of more than 240,000 square feet of retail and commercial property. Trigild will now oversee day-to-day management for Pacific Medical Plaza, a three-story, medical office property at 4910 Director’s Place in San Diego’s Sorrento Mesa neighborhood and Apple Tree Mall, a retail complex at 4 Orchard View Drive, Londonderry, N.H.

Situated on 4.2 acres, the 50,656 square foot Pacific Medical Plaza is fully leased with high profile tenants including University California San Diego (UCSD) Perinatology and Surgical Center of San Diego. The nearly 200,000-square-foot Apple Tree Mall is a longtime community hub and houses tenants including Shaws Grocery Store, Lindt Chocolate and GNC.

According to Trigild president Judy Hoffman, Trigild is exploring value add options for both properties.

“We are pleased to expand and diversify our national presence with these top quality assets,” said Hoffman. “Utilizing a unique operating platform in which we pair an asset manager and property manager on each project, we will work to drive value for both properties.”

With the addition of these latest projects, Trigild – which specializes in property/asset management and fiduciary services – now has a nationwide portfolio that includes retail, commercial, hospitality and multifamily assets.

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HBC to announce Q2 2017 results on September 5, 2017

TORONTO & NEW YORK, 2017-Aug-24 — /EPR Retail News/ — HBC (TSX: HBC) is scheduled to announce full financial results for the quarter ended July 29, 2017 after the close of the financial markets on September 5, 2017. Senior management will discuss financial results and other matters during a conference call on September 6, 2017 at 8:30 AM EST.

The conference call will be accessible by calling the participant operator assisted toll-free dial-in number (800) 535-7056 or international dial-in number (253) 237-1145. A live webcast of the conference call will be accessible on HBC’s website at: http://investor.hbc.com/events.cfm. The audio replay also will be available via this link.

About HBC

HBC is a diversified global retailer focused on driving the performance of high quality stores and their all-channel offerings, growing through acquisitions, and unlocking the value of real estate holdings. Founded in 1670, HBC is the oldest company in North America. HBC’s portfolio today includes formats ranging from luxury to premium department stores to off price fashion shopping destinations, with more than 480 stores and over 66,000 employees around the world.

HBC’s leading banners across North America and Europe include Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue, Gilt, Saks OFF 5TH, Galeria Kaufhof, the largest department store group in Germany, and Belgium’s only department store group Galeria INNO.

HBC has significant investments in real estate joint ventures. It has partnered with Simon Property Group Inc. in the HBS Global Properties Joint Venture, which owns properties in the United States and Germany. In Canada, it has partnered with RioCan Real Estate Investment Trust in the RioCan-HBC Joint Venture.

INVESTOR RELATIONS:
Elliot Grundmanis
(646) 802-2469
elliot.grundmanis@hbc.com

MEDIA CONTACTS:
Andrew Blecher
(646) 802-4030
andrew.blecher@hbc.com

Source: Hudson’s Bay Company

Tops announces fresh salad sampling from Marie’s Dress to Impress Food Truck

WILLIAMSVILLE, N.Y., 2017-Aug-24 — /EPR Retail News/ — Tops Friendly Markets, a leading full-service grocery retailer in upstate New York, northern Pennsylvania, western Vermont, and north central Massachusetts is teaming up with Marie’s® to offer Western New Yorkers a healthy, delicious salad! Stop by the Tops Friendly Markets located at 9660 Transit Road in Amherst between 11:00 am – 2:00 pm on Thursday, August 31 for a fresh salad from Marie’s Food Truck. Marie’s Dress to Impress brand ambassadors will be serving up fresh greens with a choice of one of their four fresh flavor dressings. All made with real, premium ingredients, these dressings are sure to delight your taste buds.

Avocado Poblano Vinaigrette- The silkiness of avocado meets the smokiness of poblano peppers for a creaminess that’s irresistible.

Roasted Tomato with Parmesan & Basil Vinaigrette – What could improve upon the sunny tang of roasted tomatoes? Perhaps the peppery sweetness of aromatic basil? Yes, please. And the subtle nuttiness of rich Parmesan cheese? Most definitely.

Chunky Blue Cheese – The blue cheese chunks! The tang! The creamy texture! Did we mention the chunks? No other blue cheese dressing holds a candle. Ranch – Use Marie’s Creamy Ranch as dip for your veggie platters and pizzas. Add a boost of flavor to sandwiches and wraps. Whatever you’re into, we don’t dictate how you enjoy it. Let the dressing be your muse.

Marie’s will also have great giveaways including recipe coupon cards. Attendees can also participate in a fun game of corn hole while they enjoy lunch. Mark your calendar today and don’t miss out!

About Tops Friendly Markets

Tops Markets, LLC, is headquartered in Williamsville, NY and operates 173 full-service supermarkets with five additional by franchisees under the Tops banner. Tops employs more than 15,000 associates and is a leading full-service grocery retailer in New York, northern Pennsylvania, western Vermont, and north central Massachusetts. For more information about Tops Markets, visit the company’s website at www.topsmarkets.com.

CONTACT:

Kathy Romanowski
716-635-5577

Source: Tops Friendly Markets

ESAF 2019 ZUG: MIGROS IST KÖNIGSPARTNERIN

ESAF 2019 ZUG: MIGROS IST KÖNIGSPARTNERIN

 

Zürich, Switzerland, 2017-Aug-24 — /EPR Retail News/ —Tradition, Brauchtum, Respekt und Fairness: Dies sind Werte, die dem Schwingsport und der Migros gleichermassen am Herzen liegen. Deshalb unterstützt die Migros das Eidgenössische Schwing- und Älplerfest (ESAF) 2019 in Zug. Zudem wird die Migros sich weiterhin auch bei regionalen Schwingfesten und der Nachwuchsförderung engagieren.

Die Migros und die Eidgenössischen Schwing- und Älplerfeste pflegen eine langjährige Partnerschaft. Nach den ESAF in Aarau (2007), Frauenfeld (2010), Burgdorf (2013) und in Estavayer (2016) unterstützt sie das ESAF in Zug 2019 bereits zum fünften Mal in Serie.

«Die Migros pflegt und fördert die gleichen Werte wie der Schwingsport, deshalb passt diese Partnerschaft hervorragend. Wir freuen uns über die grosse und kompetente Unterstützung», sagt der OK-Präsident des ESAF 2019 in Zug, Heinz Tännler. Felix Meyer, Geschäftsleiter der Genossenschaft Migros Luzern, zeigt sich ebenfalls erfreut: «Mit der Königspartnerschaft am ESAF 2019 in Zug bekräftigt die Migros ihr langjähriges Engagement im Schwingsport. Wir freuen  uns, dass wir in zwei Jahren beim grössten Sportfest der Schweiz in der Region Zentralschweiz dabei sein werden.»

Migros: Breites Engagement im Schwingsport
Nebst dem Sponsoring von weiteren Grossanlässen wie dem Unspunnen Schwinget 2017 und Bergschwingfesten wie Rigi, Weissenstein oder Schwägalp, engagiert sich die Migros bei einer Vielzahl regionaler Schwingfeste und Verbandswettkämpfen. Als offizielle Nachwuchspartnerin des Eidgenössischen Schwingerverbands (ESV) unterstützt sie zudem die am 2. September 2017 stattfindenden Schwinger Schnuppertage, die jährlich in über 100 Schwingklubs in der ganzen Schweiz durchgeführt werden.

Contact:
Martina Bosshard
Migros-Genossenschafts-Bund
Mediensprecherin Migros
TEL: 058 570 38 22
E-MAIL: martina.bosshard@mgb.ch

Source: Migros

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MIGROS TESTET DEN VERKAUF VON MIGUSTO-FOODBOXEN

MIGROS TESTET DEN VERKAUF VON MIGUSTO-FOODBOXEN

 

Zürich, Switzerland, 2017-Aug-24 — /EPR Retail News/ — Ab sofort startet die Migros ein neues Pilotprojekt. In sechs ausgewählten Migros-Filialen in der Deutschschweiz können sogenannte Foodboxen mit wöchentlich wechselnden Inhalten gekauft werden. Jede Box enthält sämtliche Zutaten für ein spezielles Migusto-Gericht für zwei Personen und kostet zwischen 22.50 und 33.00 Franken. Der Pilot dauert zwölf Wochen lang.

Das Angebot von Foodboxen für die Zubereitung von Gerichten haben im Schweizer Lebensmittelmarkt bereits eine steigende Nachfrage. Um in Erfahrung zu bringen, ob auch Migros-Kunden Interesse an einer solchen Dienstleistung haben, beginnt die Migros mit Testverkäufen in sechs ausgewählten Filialen in der Deutschschweiz. Die Boxen enthalten alle Zutaten, die für ein Migusto-Gericht für zwei Personen benötigt werden. Dazu zählen je nach Rezept frisches Gemüse oder Früchte, Fleisch oder Fisch, Gewürze sowie eine Rezeptkarte mit detaillierter Zubereitungsanleitung.

Die Testverkäufe dauern 12 Wochen lang. Jede Woche steht ein neues Gericht im Angebot, das von den Migusto-Köchen speziell für die Foodboxen entwickelt wurde. Gestartet wird mit der Foodbox für ein feines Gemüserisotto mit Burratina. In der Woche darauf folgt eine Box für Fettuccine mit gebackenem Rohschinken und Oliven. Die Boxen kosten je nach Zutaten zwischen 22.50 und 33.00 Franken. Die Foodboxen werden im M-Industriebetrieb Bischofszell Nahrungsmittel AG (BINA) mehrmals pro Woche in Handarbeit konfektioniert. Die Zutaten müssen  von der BINA speziell für die Gerichte beschafft und in den richtigen Mengen zusammengestellt werden, was den vergleichbar hohen Preis von durchschnittlich 13.00 Franken pro Mahlzeit ausmacht.

Die Testfilialen befinden sich in Buchs AG, im Bahnhof Bern, in Zürich (Migros City), in Uster, sowie in Wil und in Steinhausen (Zugerland).

Nach Abschluss der Testphase wird die Migros aufgrund der Erfahrungen und der Kundenbefragung prüfen, ob die Foodboxen fester Bestandteil des Angebots werden.

Contact:
Luzi Weber
Migros-Genossenschafts-Bund
Mediensprecher Migros
TEL:058 570 38 21 / Mobile 076 366 96 36
E-MAIL: luzi.weber@mgb.ch

Source: Migros

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Carrefour Belgium brings its convenience stores in Brussels metro and train stations

Carrefour Belgium brings its convenience stores in Brussels metro and train stations

 

Belgium, 2017-Aug-24 — /EPR Retail News/ — To forge ever closer relationships with its customers, Carrefour Belgium has expanded its convenience store network with the opening of two new Carrefour Express stores. They will allow the Group to provide a tailored offering combining shopping practicality with customer mobility.

Two new Carrefour Express stores opened in the space of a week this August: the first in the “Delta” metro station in Brussels, the second at the heart of the “Gare de l’Ouest” mainline train station. The stores are managed by two former Group employees, now franchisees of the banner.

Like all Carrefour Express stores, these new stores will ideally tailor their offering to the needs of passing consumers. They offer a wide selection of ready-to-eat meal solutions to be eaten any time of the day (ready-cooked meals, snacks, etc.), and as well as meats, poultry, fish and fresh vegetables for the evening meal. The wide choice of products also includes fresh orange juice, bread, pastries, sandwiches made on the premises, a coffee/soup machine and bunches of flowers along with “essential” grocery and pharmacy items.

Benefiting from extensive opening hours (seven days a week, 6am to 8pm or 10pm), these stores make it quick and easy for customers to do their shopping in a pleasant environment. The opening of these two stores created 15 jobs.

Carrefour Express – Gare de l’Ouest – 24 avenue de Roovere – 1080 Brussels.
Carrefour Express – Métro Delta – 224 bd. des Invalides – 1160 Auderghem.

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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Amazon launches TenMarks Writing — new online curriculum designed for teachers to help students become better writers

  • Provides students with a digital Writing Coach to guide them through the writing process with personalized feedback every step of the way
  • Ignites students’ love of writing and creativity with Bursts – playful, short exercises like commenting on a picture or creating a story using a fun text message format
  • Saves teachers’ time with lesson plans, anchor charts, rubrics and more – everything they need to teach writing all in one place

SEATTLE, 2017-Aug-24 — /EPR Retail News/ — Today (Aug. 23, 2017) Amazon announced TenMarks Writing, an exciting new online curriculum designed for teachers to help their students become better writers. TenMarks Writing brings to life storytelling and expository writing for students using scaffolding, an instructional technique in which students learn step-by-step how the writing process builds. Additionally, TenMarks Writing also incorporates natural language processing technology to provide students with automatic, personalized feedback and help teachers efficiently deliver differentiated comments as students work through their compositions. TenMarks Writing is available for $4 per student for an entire year and educators can sign up for a free 30-day trial by visiting www.tenmarks.com/writing.

“When teaching writing, it is essential that students receive individual attention in order to be successful, enthusiastic writers,” said Megan Cooley, fifth grade teacher, James P.B. Duffy School, Rochester, N.Y.“TenMarks Writing inspires students to express their thoughts creatively, guiding them through the writing process and freeing up my time to work with students one-on-one.”

TenMarks Writing features include:

  • Writing Coach: Using a personalized learning engine that employs natural language processing technology and end-to-end scaffolding, Writing Coach is a digital assistant that guides students throughout the writing process. Writing Coach automatically delivers timely and personalized feedback on things like essay organization, word choice, and more, helping students analyze and think critically about their writing.
  • Bursts: To ignite student creativity, TenMarks taps into short writing formats many students are familiar with from mobile apps. With Bursts, students can choose to comment on an interesting picture, create a story around two characters texting each other, and more.
  • One-Stop Teacher Resources: TenMarks Writing provides educators with everything they need to teach writing all in one place, from lesson and unit plans, to anchor charts, rubrics, and graphic organizers.

Cathy Barter, a fifth grade teacher at Harold Schnell Elementary in West Carrollton, Ohio, whose students participated in the TenMarks Writing pilot, said, “My students absolutely loved Bursts. When they finished their required work, they wrote entire stories in the text messaging format from Bursts, talking and laughing about how funny their stories were the whole time. They even asked if they could do more writing during recess!”

TenMarks Writing is built on the same award-winning personalized learning engine as TenMarks Math and provides students the opportunity to practice writing in an engaging environment. The launch of TenMarks Writing follows the release of a new study from the American Institutes for Research that examined the impact of TenMarks Math. The findings suggest that TenMarks Math has a compelling impact on student achievement: in classes that completed at least one TenMarks Math assignment per week during the school year, the program improved average math performance by 8 percentile points on state tests.

“We’re passionate about helping teachers personalize learning for their students and believe writing is an important cornerstone of success,” said Meera Vaidyanathan, director of curriculum products, Amazon Education. “We developed TenMarks Writing based on feedback from teachers around the country who told us that they wanted creative ways to help all students build a love of writing.”

To learn more about TenMarks Writing visit www.tenmarks.com/writing.

About Amazon

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

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

Source: Amazon.com, Inc.

Lowe’s Q2 2017 results: net earnings of $1.4 billion and diluted earnings per share of $1.68

MOORESVILLE, N.C., 2017-Aug-24 — /EPR Retail News/ — Lowe’s Companies, Inc. (NYSE: LOW) today (Aug. 23, 2017) reported net earnings of $1.4 billion and diluted earnings per share of $1.68 for the quarter ended August 4, 2017, compared to net earnings of $1.2 billion and diluted earnings per share of $1.31 in the second quarter of 2016.

The second quarter results included a $96 million gain from the sale of the company’s interest in its Australian joint venture.  Excluding the gain, adjusted diluted earnings per share1 increased 14.6 percent to $1.57 from adjusted diluted earnings per share1 of $1.37 in the second quarter of 2016.

For the six months ended August 4, 2017, net earnings were $2.0 billion and diluted earnings per share were $2.37 compared to net earnings of $2.1 billion and diluted earnings per share of $2.29 in the same period a year ago.  Excluding the gain from the joint venture described above and the loss on extinguishment of debt in the first quarter of 2017, adjusted diluted earnings per share1 increased 15.6 percent to $2.59 from adjusted diluted earnings per share1 of $2.24 in the same period a year ago.

Sales for the second quarter increased 6.8 percent to $19.5 billion from $18.3 billion in the second quarter of 2016, and comparable sales increased 4.5 percent. For the six month period, sales increased 8.5 percent to $36.4 billion over the same period a year ago, and comparable sales increased 3.3 percent. Comparable sales for the U.S. home improvement business increased 4.6 percent for the second quarter and 3.4 percent for the six-month period.

“We are pleased with our improved comparable sales performance relative to last quarter, and the strong momentum we built throughout the second quarter culminating in a 7.9% comparable sales increase for the month of July,” commented Robert A. Niblock, Lowe’s chairman, president and CEO.  “I would like to thank our employees for their passion and commitment to serving customers.

“While our results were below our expectations in the first half of this year, the team remains focused on making the necessary investments to improve the customer experience and drive sales.  This includes amplifying our consumer messaging and incremental customer-facing hours in our stores which will put pressure on our operating margin.  We believe this is the right strategy to more fully capitalize on strong traffic trends in what we believe is a supportive macroeconomic backdrop for home improvement,” Niblock added.

Delivering on its commitment to return excess cash to shareholders, the company repurchased $1.25 billion of stock under its share repurchase program and paid $299 million in dividends in the second quarter.

As of August 4, 2017, Lowe’s operated 2,141 home improvement and hardware stores in the United States, Canada and Mexico representing 214.1 million square feet of retail selling space.

A conference call to discuss second quarter 2017 operating results is scheduled for today (Wednesday, August 23) at 9:00 am ET.  The conference call will be available by webcast and can be accessed by visiting Lowe’s website at www.Lowes.com/investor and clicking on Lowe’s Second Quarter 2017 Earnings Conference Call Webcast.  Supplemental slides will be available 15 minutes prior to the start of the conference call. A replay of the call will be archived on Lowes.com/investor until November 20, 2017.

Lowe’s Business Outlook

Fiscal Year 2017 — a 52-week Year (comparisons to fiscal year 2016 — a 53-week year; based on U.S. GAAP)

  • Total sales are expected to increase approximately 5 percent
  • Comparable sales are expected to increase approximately 3.5 percent
  • The company expects to add approximately 25 home improvement and hardware stores.
  • Operating income as a percentage of sales (operating margin) is expected to increase 80 to 100 basis points.2
  • The effective income tax rate is expected to be 36.9%.
  • Diluted earnings per share of $4.20 to $4.30 are expected for the fiscal year ending February 2, 2018; reflective of the loss on extinguishment of debt and the gain from the sale of the company’s interest in its Australian joint venture.

1 Adjusted diluted earnings per share is a non-GAAP financial measure. Refer to the “Non-GAAP Financial Measures Reconciliation” section of this release for additional information as well as reconciliations between the Company’s GAAP and non-GAAP financial results.

2 Includes the 12 basis points benefit of the net gain on the settlement of the foreign currency hedge entered into in advance of the company’s acquisition of RONA (1Q 2016 and 2Q 2016), the 44 basis points impact of the non-cash charge associated with the joint venture with Woolworths in Australia (3Q 2016), the 15 basis points impact of project write-offs that were a part of the ongoing review of the company’s strategic initiatives (3Q 2016), the 12 basis points impact of goodwill and long-lived asset impairment charges associated with the company’s Orchard Supply Hardware operations (3Q 2016), as well as the 13 basis points impact of severance-related costs associated with the company’s productivity efforts (4Q 2016).

Disclosure Regarding Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements including words such as “believe”, “expect”, “anticipate”, “plan”, “desire”, “project”, “estimate”, “intend”, “will”, “should”, “could”, “would”, “may”, “strategy”, “potential”, “opportunity” and similar expressions are forward-looking statements. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties.  Forward-looking statements include, but are not limited to, statements about future financial and operating results, Lowe’s plans, objectives, business outlook, priorities, expectations and intentions, expectations for sales growth, comparable sales, earnings and performance, shareholder value, capital expenditures, cash flows, the housing market, the home improvement industry, demand for services, share repurchases, Lowe’s strategic initiatives, including those relating to acquisitions by Lowe’s and the expected impact of such transactions on our strategic and operational plans and financial results, and any statement of an assumption underlying any of the foregoing and other statements that are not historical facts.  Although we believe that the expectations, opinions, projections and comments reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and we can give no assurance that such statements will prove to be correct. Actual results may differ materially from those expressed or implied in such statements.

A wide variety of potential risks, uncertainties and other factors could materially affect our ability to achieve the results either expressed or implied by these forward-looking statements including, but not limited to, changes in general economic conditions, such as the rate of unemployment, interest rate and currency fluctuations, fuel and other energy costs, slower growth in personal income, changes in consumer spending, changes in the rate of housing turnover, the availability of consumer credit and of mortgage financing, inflation or deflation of commodity prices, and other factors that can negatively affect our customers, as well as our ability to: (i) respond to adverse trends in the housing industry, a reduced rate of growth in household formation, and slower rates of growth in housing renovation and repair activity, as well as uneven recovery in commercial building activity; (ii) secure, develop, and otherwise implement new technologies and processes necessary to realize the benefits of our strategic initiatives focused on omni-channel sales and marketing presence and enhance our efficiency; (iii) attract, train, and retain highly-qualified associates; (iv) manage our business effectively as we adapt our operating model to meet the changing expectations of our customers; (v) maintain, improve, upgrade and protect our critical information systems from data security breaches, ransomware and other cyber threats; (vi) respond to fluctuations in the prices and availability of services, supplies, and products; (vii) respond to the growth and impact of competition; (viii) address changes in existing or new laws or regulations that affect consumer credit, employment/labor, trade, product safety, transportation/logistics, energy costs, health care, tax or environmental issues; (ix) positively and effectively manage our public image and reputation and respond appropriately to unanticipated failures to maintain a high level of product and service quality that could result in a negative impact on customer confidence and adversely affect sales; and (x) effectively manage our relationships with selected suppliers of brand name products and key vendors and service providers, including third party installers. In addition, we could experience impairment losses if either the actual results of our operating stores are not consistent with the assumptions and judgments we have made in estimating future cash flows and determining asset fair values, or we are required to reduce the carrying amount of our investment in certain unconsolidated entities. With respect to acquisitions, potential risks include the effect of such transactions on Lowe’s and the target company’s strategic relationships, operating results and businesses generally; our ability to integrate personnel, labor models, financial, IT and others systems successfully; disruption of our ongoing business and distraction of management; hiring additional management and other critical personnel; increasing the scope, geographic diversity and complexity of our operations; significant integration costs or unknown liabilities; and failure to realize the expected benefits of the transaction. For more information about these and other risks and uncertainties that we are exposed to, you should read the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Estimates” included in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) and the description of material changes thereto, if any, included in our Quarterly Reports on Form 10-Q or subsequent filings with the SEC.

The forward-looking statements contained in this news release are expressly qualified in their entirety by the foregoing cautionary statements. The foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All such forward-looking statements are based upon data available as of the date of this release or other specified date and speak only as of such date. All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf about any of the matters covered in this release are qualified by these cautionary statements and in the “Risk Factors” included in our most recent Annual Report on Form 10-K and the description of material changes thereto, if any, included in our Quarterly Reports on Form 10-Q or subsequent filings with the SEC. We expressly disclaim any obligation to update or revise any forward-looking statement, whether as a result of new information, change in circumstances, future events or otherwise, except as may be required by law.

Lowe’s Companies, Inc.

Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 17 million customers a week in the United States, Canada and Mexico. With fiscal year 2016 sales of $65.0 billion, Lowe’s and its related businesses operate or service more than 2,370 home improvement and hardware stores and employ over 290,000 people. Founded in 1946 and based in Mooresville, N.C., Lowe’s supports the communities it serves through programs that focus on K-12 public education and community improvement projects. For more information, visit Lowes.com

Media Inquiries:
Tel: 704-758-2917
mailto:PublicRelations@Lowes.com

SOURCE: Lowe’s Companies, Inc.

SONIC® Drive-In announces Final 12 crews to compete in 2017 DR PEPPER SONIC GAMES

National Training Competition Gets One Step Closer to Determining the Best Crew in the Country

OKLAHOMA CITY, 2017-Aug-24 — /EPR Retail News/ — For the last nine months, SONIC® Drive-In (NASDAQ: SONC) has put thousands of drive-in crews from across the country through a series of trainings, quizzes, and challenging team and individual competitions in search of the Final 12 crews to compete in this year’s 2017 DR PEPPER SONIC GAMES. The Games is an intense national training competition that inspires friendly competition among crew members and encourages team building at the drive-in level.

The Final 12 will embark on a VIP trip to Denver, Colo. to compete at the 2017 National Finals held during the annual SONIC National Convention in October. In addition to the competition, crew members will have the opportunity to meet with SONIC’s executive team, as well as enjoy the daily entertainment the convention provides.

“The DR PEPPER SONIC GAMES are an excellent training tool we’ve developed to motivate our crew members and give SONIC the opportunity to recognize participants on an individual level,” said Diane Prem, vice president of operation services at SONIC. “We continue to be impressed by the quality of our crews and their dedication to giving 110 percent during the DR PEPPER SONIC GAMES. The Final 12 are a diverse group of individuals from around the country who represent our brand’s unique culture.”

From a field of 2,870 crews representing every corner of the country, the Final 12 earned their spot in the last leg of the competition by excelling above and beyond their peers in the fields of customer service and on-site training.

The Final 12 crews, in alphabetical order, are:

1. 901 Reese Street, Breaux Bridge, La.

2. 6300 South Elm Place, Broken Arrow, Okla.

3. 815 North Walnut, Cameron, Mo.

4. 4457 Austin Bluff Parkway, Colorado Springs, Colo.

5. 301 Highway 175 West, Eustace, TX

6. 14171 Highway 231-431 North, Hazel Green, Ala.

7. 109 North Highway 274, Kemp, TX

8. 3307 North Broadway, Knoxville, Tenn.

9. 311 W. Broad Street, Mineola, TX

10. 695 Commonwealth Drive, Norton, Va.

11. 3501 Monroe Highway, Pineville, La.

12. 9102 Highway 20, Summertown, Tenn.

“Over the past 24 years Dr Pepper has worked closely with SONIC to build the DR PEPPER SONIC GAMES into the incredibly successful program it is today,” said Blaine Wood, director of sales for Dr Pepper. “The Final 12 crews have worked hard to get to this round of the competition and we’re proud to support their efforts to deliver a wonderful guest experience.”

About SONIC®, America’s Drive-In®

SONIC, America’s Drive-In is the nation’s largest drive-in restaurant chain serving approximately 3 million customers every day. More than 90 percent of SONIC’s 3,500 drive-in locations are owned and operated by local business men and women. For 64 years, SONIC has delighted guests with signature menu items, 1.3 million drink combinations and friendly service by iconic Carhops. Since the 2009 launch of SONIC’s Limeades for Learning® campaign in partnership with DonorsChoose.org, SONIC has donated $8.5 million to public school teachers’ classrooms nationwide to fund essential learning materials and innovative teaching resources to inspire creativity and learning in their students. To learn more about Sonic Corp. (NASDAQ/NM: SONC), please visit sonicdrivein.com and please visit or follow us on Facebook and Twitter. To learn about SONIC’s Limeades for Learning initiative, please visit LimeadesforLearning.com.

Contact:
Rebeka Mora
915-449-3419
rebeka.mora@cohnwolfe.com

Source: SONIC Drive-In

US Foods and Chef Marcus Samuelsson collaborate to bring menu inspiration to restaurant operators

US Foods and Chef Marcus Samuelsson collaborate to bring menu inspiration to restaurant operators

 

Company Unveils Product Collaboration with Renowned Restaurateur to Bring Menu Inspiration to Independent Restaurants Across the Country

ROSEMONT, Ill., 2017-Aug-24 — /EPR Retail News/ — US Foods (NYSE: USFD) is pleased to announce a new partnership with award-winning chef and restaurateur, Chef Marcus Samuelsson. Together, US Foods and Chef Samuelsson will introduce a line of new products aimed at bringing restaurant operators unique flavors to help inspire their menus.

showcase new product, Harbor Banks® Smoked Norwegian Salmon (Source: US Foods)

Through this partnership, the company is introducing six products as part of its 2017 Fall Scoop™ product lineup, launching on September 18. Developed in collaboration with Chef Samuelsson, the products offer operators flavor combinations inspired by Chef Samuelsson’s Ethiopian and Swedish heritage and his roots in Harlem, New York, home to three of his 11 restaurants: Red Rooster Harlem, Ginny’s Supper Club and Streetbird Rotisserie. As menu inspiration continues to challenge independent restaurant operators, the products strive to unleash menu creativity by bringing distinctive, global flavors to restaurant kitchens across the U.S.

“Chef Samuelsson’s passion and creativity have already made a significant impact on the restaurant industry and his community,” said Andrew Iacobucci, chief merchandising officer, US Foods. “By combining the scale of US Foods with Chef Samuelsson’s skills, this partnership is one of the many ways US Foods is redefining the foodservice industry and differentiating ourselves as a partner to independent restaurants.”

“One of the things I’m most excited about is creating items that are both on-trend and delicious,” said Chef Samuelsson. “This partnership with US Foods will bring unique ingredients and distinctive flavors to restaurants across the country. I can’t wait to see what chefs will do to make these products their own.”

The products include:

  • Patuxent Farms® Uptown Par-Fried Chicken Thigh – Inspired by Chef Samuelsson’s famous Yard Bird Chicken from Red Rooster Harlem, this dish is a cross between Grandma’s fried chicken and world cuisine. The item includes buttermilk, coconut milk, and a touch of Berbere seasoning along with the crunch of traditional southern breading.
  • Molly’s Kitchen® Spicy Battered Cauliflower with Aleppo Pepper – Easily deep-fried or baked, Molly’s Kitchen Spicy Battered Cauliflower with Aleppo Pepper serves up a tender cauliflower floret in crispy batter, seasoned with a gentle, well-balanced Middle Eastern spice.
  • Monarch® Addis Style Spice Blend – Inspired by the traditional Ethiopian Berbere spice blends, this version factors in cinnamon, cloves, cardamom and chile de árbol. This item can be used as a fiery rub for meat, poultry and fish, and seasoning for stews, soups, grains and vegetables.
  • Chef’s Line® Cornbread Muffin – By adding big-city spice to down-home soul food, this collaboration has livened up traditional corn muffins with the warm red and gently sweet spice of Aleppo pepper.
  • Harbor Banks® Smoked Norwegian Salmon – A staple in Sweden where Chef Samuelsson grew up, this Norwegian salmon is cold-smoked for 24 hours using Beechwood at a critical point in the process which contributes to higher quality and sensory attributes.
  • Harbor Banks® Smoked Norwegian Trout – Sometimes known as Norwegian Atlantic steelhead trout, this delicious dish has a rich red color and firm texture.

For more information on US Foods’ work with Chef Samuelsson, visit: usfoods.com/makeitwithmarcus or join the conversation on social media #makeitwithmarcus. You can also like us on Facebook, follow us on Twitter and Instagram and watch our chefs in action on YouTube.

About Marcus Samuelsson

Chef Marcus Samuelsson is an award-winning chef and owner of Red Rooster Harlem, Streetbird Rotisserie and Red Rooster Shoreditch in London. The youngest person to receive a three-star review from The New York Times, Samuelsson has won multiple James Beard Foundation Awards including Best Chef: New York City. Samuelsson has appeared on “Top Chef Masters” and “Chopped All-Stars” and is the author of best-selling memoir “Yes, Chef” and multiple cook books, including “Marcus Off Duty: The Recipes I Cook At Home.” He also co-produces Harlem EatUp!, a food and culture festival that launched in 2015. Follow him on Instagram, Facebook, Pinterest and Twitter at @marcuscooks.

About US Foods

US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 250,000 restaurants and foodservice operators to help their businesses succeed. With nearly 25,000 employees and more than 60 locations, US Foods provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. US Foods is headquartered in Rosemont, Ill. and generates approximately $23 billion in annual revenue. Visit usfoods.com to learn more.

Contact:
Sara Matheu
847-720-2392
Sara.Matheu@usfoods.com

Source: US Foods

###

Asda: sales of Ginersoity help fund six placements for disadvantaged young adults across the UK

Asda: sales of Ginersoity help fund six placements for disadvantaged young adults across the UK

 

Social enterprise gin, Ginersoity become the world’s first social enterprise to distill gin

LEEDS, England, 2017-Aug-24 — /EPR Retail News/ — Social enterprise gin, Ginersoity – the world’s first social enterprise gin distilled by Pickerings is celebrating after money raised through sales in Asda stores helps fund six placements for disadvantaged young adults across the UK.

Customers can be confident that when they purchase a bottle of Ginerosity in Asda stores across Scotland, they will be helping support worthy causes at the same time, as all profits are poured back into projects that will help deserving young adults to build themselves a better future.

Chris Thewlis, co-founding director of Ginerosity, said:

“We’d like to thank Asda for stocking the brand, and for their fantastic support helping to drive sales in their supermarkets, the profits from which are helping to support deserving young adults, providing them with a second chance.

“Within a matter of months we went from launching Ginerosity to being stocked by Asda and sending six young adults on placements that provide skills, training and personal development to build themselves a better future. We think that’s an incredible achievement for our social enterprise gin and we want to thank all involved in this success story.”

As well as sales success, Ginerosity also took part in Asda’s Social Enterprise Supplier Academy, which launched in 2016, in partnership with SIS. Funded through proceeds of the carrier bag charge, the aim of the academy is to mentor entrepreneurs on working with large retailers, as well as increasing the availability of social enterprise products for ethically-minded customers, all during a series of workshops across a four day period.

“Ginerosity is a fantastic example of the benefits of working together with innovative social enterprises to make ethical and high quality products more readily available to customers,” added Heather Turnbull, buying manager for Asda Scotland.

“Our partnership with SIS is providing tangible results and continues to ensure that money generated by customers through the carrier bag charge is responsibly re-invested in charities such as those committed to supporting disadvantaged young adults across the UK.”

Ginerosity is the third social enterprise drink brand to be listed with the supermarket, following the introduction of Heroes Drinks Company in January 2017 and Brewgooder in November 2016.

Source: ASDA

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NGA Foundation announces scholarship recipients for 2017-2018 academic year

ARLINGTON, VA, 2017-Aug-24 — /EPR Retail News/ — The National Grocers Association (NGA), the trade association representing the independent supermarket industry, today  (August 23, 2017) awarded up to $73,000 in scholarship funding to 16 students pursuing a career in the grocery industry for the 2017-2018 academic year.

“One of the most important missions we have is preparing today’s students for the challenges of tomorrow,” said Elizabeth Crocker, vice president and executive director of the NGA Foundation. “There’s no doubt that each of these students will bring as much talent, drive, and passion to the industry as they do to their schoolwork.”

“No one knows better than independent grocers how fiercely competitive the supermarket industry is,” said Peter J. Larkin, president and CEO of NGA. “With this new crop of torchbearers, independent supermarkets will be stocked with leaders ready to help the industry face new challenges and competitive marketplace shifts head on.”

Since 1990, the NGA Foundation has provided over $1 million in scholarships to students preparing for careers in the grocery industry.

The NGA Foundation’s scholarship recipients are:

The Thomas K. Zaucha Asparagus Club Scholarship ($2,500 for up to four semesters) was awarded to Chad Villanueva, who works at The Save Mart Companies (FoodMaxx #487) and is pursuing a degree in business management at Fresno Pacific University. The scholarship is given each year to an outstanding applicant pursuing a career with a focus on the independent retailers and wholesaler sector.

The Asparagus Club Scholarship ($2,000 for up to four semesters) recipients include Nolan Hickley, who works at Hy-Vee, Inc. and is pursuing a degree in supply chain management from Iowa State University; Margaret Schnaufer, who works at Fareway Stores and is pursuing a degree in finance and management from Iowa State University; Denise Malkoon, who works at Peanut Butter Americano, LLC and is pursuing a degree in entrepreneurial student mentorship in higher education at Arizona State University; Cara Mahon, who works at Associated Wholesale Grocers and is pursuing a degree in interactive media and strategic planning at the University of Missouri; and Lauren Hillsburg, who works at Hormel Corporation and is pursuing a degree in food and CPG marketing at Western Michigan University.

The Bob Richardson Scholarship ($1,000 annual) was awarded to George Denny, who works at K-VA-T Food City and is pursuing a degree in exercise science at Buena Vista University.

The Charlie and Becky Bray Scholarship ($2,500 annual) was awarded to John Schneidenbach, who works at SpartanNash Company and is pursuing a degree in food and CPG marketing at Western Michigan University.

The First Data Technology Scholarship ($2,500 annual) recipients include Ryan Sobolik, who works at Valley Markets, Inc. dba Hugo’s and is pursuing a degree in accounting at the University of Mary, and Travis Stinson, who works at Brookshire Grocery Company and is pursuing a masters in business administration and industrial management from the University of Texas at Tyler.

The first-ever FMS Scholarship ($3,000 annual) was awarded to David Rosen, who works at Vincente Foods and is pursuing a masters in business administration from the University of LaVerne.

The Kimberly-Clark Corp. Scholarship ($2,500 annual) was awarded to Mikaela Campbell-Magana, who works at K-VA-T Food City and is pursuing a degree in business administration at King University.

The Mondelēz International Scholarship ($2,500 annual) was awarded to Chad Villanueva in addition to the Thomas K. Zaucha Asparagus Club Scholarship.

The Peter and Jody Larkin Scholarship ($2,500 annual) was awarded to Emily Mufich, who works at Unified Grocers, Inc. and is pursuing a degree in organizational leadership at Point Lorna Nazarene University.

The Roger Collins Scholarship ($1,000 annual) was awarded to Lindsey Oettel, who works the University of Illinois and is pursuing a degree in food science and human nutrition at the university.

The Women Grocers of America (WGA) Mary Macey Scholarship ($1,500 annual) recipients include Katie Bridge, who works at Roche Brothers Supermarkets and is pursuing a degree in business marketing at the University of Massachusetts – Dartmouth, and Sarah Carpenter, who works at Acosta and is pursuing a degree in marketing at Western Michigan University.

Source: National Grocers Association (NGA)

Whole Foods Market announces buy-one, get-one-free bacon deal on Sept. 2, 2017

AUSTIN, Texas, 2017-Aug-24 — /EPR Retail News/ — In honor of National Bacon Day on Sept. 2, Whole Foods Market will have a buy-one, get-one-free deal on two top-selling bacon brands. For one day only, when shoppers buy one 12-ounce package of Nature’s Rancher bacon or an 8-ounce package of Applegate Organic Sunday Bacon, they’ll get a second package free of the same brand.

Both Nature’s Rancher and Applegate bacon products are free of antibiotics and added hormones, are pasture-raised and meet Whole Foods Market’s leading animal welfare standards.

This offer is valid on Sept. 2, 2017, while supplies last.

Contact:
SOmedia@wholefoods.com

Source: Whole Foods Market

Ontdek je sport op het AH Sportfestijn

Potje voetballen met Leonne Stentler en test je sport- en foodkennis met Naomi van As en Ellen Hoog

Zaandam, Netherlands, 2017-Aug-24 — /EPR Retail News/ — Ooit al eens willen suppen, kruisboogschieten, boksen of zelfs zweefvliegen? In het weekend van 9 en 10 september organiseren Albert Heijn en NOC*NSF het eerste AH Sportfestijn in het Haagse Zuiderpark. Op het grootste sportpretpark van Nederland is er plezier en inspiratie voor jong en oud. Naast een enorme diversiteit in sportactiviteiten valt er veel te ontdekken op het gebied van gezond eten

Albert Heijn en NOC*NSF willen een actievere levensstijl voor heel Nederland toegankelijk maken, door de drempel tot sport en beweging te verlagen. Met meer dan 50 sportbonden en activiteiten is er op het AH Sportfestijn voor iedereen een sport die bij hem of haar past. Naast judo, tennis of badminton, zijn er ook minder bekende sporten waar bezoekers dat weekend mee kunnen kennismaken. Zoals slacklining, waarbij je op een strak gespannen band probeert te balanceren. Of freerunning op het speciaal ontworpen ‘AH obstacle course’. Professionele sporters en coaches zijn aanwezig voor workshops, demonstraties en meet & greets. Zo kan je een balletje trappen met voetbalster Leonne Stentler, en testen Naomi van As en Ellen Hoog je kennis van sport en food in de Allerhande Quiz. Of misschien is een Buik Billen Bonus workout met Davy meer je ding…?

AH Foodcourt
Iedereen die trek heeft gekregen van al dat sporten, kan terecht op het AH Foodcourt. Verschillende foodtrucks verzamelen zich hier voor de nodige brandstof, zoals de Bouillon Brothers, die verse bouillon voorzien van de lekkerste toppings. Bij de dames van LickM kun je terecht voor een verfrissend, ambachtelijke fruitijsje en in de Allerhande Foodtent draait het allemaal om smoothies, sandwiches en salades. Allerhande chef-koks laten zien hoe je snelle en makkelijke sportgerechten bereidt. Daarnaast zijn er Allerhande sportdiëtisten aanwezig die alle vragen over sport en voeding kunnen beantwoorden. Zo kunnen bezoekers met een persoonlijk samengesteld sportadvies naar huis.

Wil je weten wat er allemaal nog meer te doen is? Neem online een voorproefje! Voor iedereen die al in de startblokken staat: kaartjes zijn online verkrijgbaar. Een ticket voor volwassenen bedraagt 10 euro. Voor kinderen van 5 t/m 17 is de entreeprijs 5 euro. Kinderen t/m 4 jaar zijn gratis. Voor de omwonenden van het Zuiderpark liggen 3000 gratis sportfestijn kaarten klaar om tijdens het AH Sportfestijn mee te bewegen.

Sparen voor vijf keer gratis sporten
Klanten van Albert Heijn kunnen van 4 t/m 24 september in alle winkels van Albert Heijn in Nederland meesparen voor vijf keer gratis sporten per volle spaarkaart. Vervolgens is er nog een week extra om de volle spaarkaarten in te leveren bij de kassa’s van Albert Heijn. Sporten bij de duizenden aangesloten lokale sportclubs kan direct vanaf de start van de AH Sportactie t/m 3 december.

Afdeling mediarelaties:
pers@ah.nl
088 6590 2020

Source: Albert Heijn

Advance Auto Parts announces 2017 Vendor of the Year awards recipients

Leading parts provider recognizes five brand partners with awards during annual vendor summit

ROANOKE, Va., 2017-Aug-24 — /EPR Retail News/ — Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers, presented its 2017 Vendor of the Year awards during the company’s annual vendor summit held this week in Raleigh, North Carolina. Advance honored five companies, including ExxonMobil and Motorcar Parts of America, who both received the prestigious recognition as Advance’s 2017 Vendors of the Year. Additional vendor partner awards in 2017 included:

  • Commercial Excellence Vendor of the Year – MAT Holdings (GRI Engineering and Development)
  • DIY Excellence Vendor of the Year – Sylvania
  • Superior Availability Vendor of the Year – Dorman Products, Inc.

The 2017 Vendor of the Year award recognition was shared by ExxonMobil and Motorcar Parts of America, who both had proven their dedication to excellent service, commitment to quality, highly successful marketing campaigns, and unparalleled partnership to Advance. The Vendor of the Year Award was presented to Marni Gruitch, U.S. Retail Sales Manager for ExxonMobil and Selwyn Joffe, Chief Executive Officer for Motorcar Parts of America at an awards dinner.

“Advance’s vendors are brand partners that play a critical role in our ability to serve our customers better than anyone else,” said Mike Broderick, Senior Vice President, Merchandising and Operations Support for Advance Auto Parts. “I especially want to thank the five Vendor of the Year winners for their dedication to providing great service and quality products, which makes each of these organizations stand out in the automotive industry. We at Advance are proud to be called their partner.”

The 2017 Commercial Excellence Vendor of the Year, MAT Holdings, was recognized for innovative category management, excellent field team support and delivering quality products that professional customers trust. MAT Holdings was also recognized in 2016 as Advance’s Vendor of the Year.

Sylvania received the DIY Excellence Vendor of the Year award for category innovation and their commitment to putting the customer first, while Dorman was honored as the Superior Availability Vendor of the Year for first-to-market successes and expanded coverage offerings that benefit customers across the country. This is the third year in a row that Dorman has received the Superior Availability Vendor of the Year award from Advance.

For more information about quality parts and services available from Advance, visit AdvanceAutoParts.com.

About Advance Auto Parts

Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of July 15, 2017, Advance operated 5,073 stores and 131 Worldpac branches and employed approximately 73,000 Team Members in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves approximately 1,250 independently owned Carquest branded stores across these locations in addition to Mexico and the Bahamas, Turks and Caicos, British Virgin Islands and Pacific Islands. Additional information about the Company, employment opportunities, customer services, and on-line shopping for parts, accessories and other offerings can be found on the Company’s website at www.AdvanceAutoParts.com.

Media Contact:
Laurie Stacy
540-561-1206
laurie.stacy@advance-auto.com

Source: Advance Auto Parts, Inc.

RUSSIA: Lenta announces the opening of its first hypermarket in Kamensk-Uralsky

St. Petersburg, Russia, 2017-Aug-24 — /EPR Retail News/ — Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its first hypermarket in Kamensk-Uralsky.

The new store is a Lenta compact format hypermarket located at 48 Suvorova street, Kamensk-Uralsky. The store has a total area of 7,800 sq.m with 4,293 sq.m of selling space and is open from 8.00 am till 11.00 pm, seven days a week. A broad product assortment of 17,000 SKUs has been selected specifically for residents of Kamensk-Uralky and includes Lenta’s private labels and federal product ranges alongside local produce. The store has 390 parking spaces and 18 cash registers including 4 self-checkout lanes. The property is owned by Lenta.

This opening in Kamensk-Uralsky is Lenta’s fifth hypermarket opening in 2017 and brings the total number of Lenta stores to 196 hypermarkets in 79 cities across Russia and 60 supermarkets in Moscow, St. Petersburg, Novosibirsk and the Central region.

About Lenta
Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country’s fourth largest retail chain (in terms of sales as of 1Q2017). The Company was founded in 1993 in St. Petersburg. Lenta operates 196 hypermarkets in 79 cities across Russia and 60 supermarkets in Moscow, St. Petersburg, Novosibirsk and the Central region with a total of approximately 1,178,124 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 20161.

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 and the European Bank for Reconstruction and Development, both of which 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’.

A brief video summary on Lenta’s business and its Big Data initiative can be seen here.

For further information please visit www.lentainvestor.com.

Contact:

Lenta
Тel:+7 (812) 336 39 97
E-mail: pr@lenta.com

FTI Consulting:
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
E-mail: lenta@FTIconsulting.com

Source: Lenta

GameStop appoints Janet Bareis as Senior Vice President of Collectibles

GRAPEVINE, Texas, 2017-Aug-24 — /EPR Retail News/ — GameStop, a global family of specialty retail brands that makes the most popular technologies affordable and simple, announced today (Aug. 23, 2017) Janet Bareis will join the company as Senior Vice President of Collectibles, a newly created position within the company.

As a member of GameStop’s senior leadership team, Bareis will report to chief executive officer, Paul Raines, and will assume responsibility for developing and supporting the company’s merchandising strategy and operations within the growing collectibles market.

“Adding a seasoned licensed-merchandise retail executive such as Janet to our team demonstrates our commitment to further accelerating the growth of our global Collectibles business,” Raines said. “We are fortunate to have such an accomplished brand management and product licensing leader join GameStop.”

Bareis has more than 20 years of senior management experience leading marketing and merchandising for several Fortune 500 companies in the consumer products and retail industries. Prior to joining GameStop, she spent 11 years with Walmart Stores, Inc., most recently as vice president and general manager of private brands with responsibility for product development, brand acquisitions and management, licensing negotiation and packaging. Previously, she led key seasonal event merchandising and brought the concept of licensed seasonal events to Walmart. Prior to Walmart, Bareis spent 14 years in national sales, sport and entertainment marketing and brand innovation leadership positions with Frito-Lay, Inc. where she managed key strategic alliances with studio partners and national sports programs, and four years in major/specialty store sales with Estee Lauder Company.

About GameStop Corp.
GameStop Corp. (NYSE:GME), a Fortune 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 1,508 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.

Media contact:
Joey Mooring
GameStop Corp.
817-722-7450
joeymooring@gamestop.com

Source: GameStop Corp./globenewswire

JAPAN: Rakuten AirMap launches UTM system platform for drone manufacturers and application developers

Tokyo, 2017-Aug-24 — /EPR Retail News/ — Rakuten AirMap, Inc. today (AUGUST 23, 2017) announced the launch of its UTM (Unmanned Traffic Management) system platform for drone manufacturers and application developers. This marks the first service offering for the Japanese joint venture established in March 2017 by Rakuten, Inc. and AirMap, Inc.

The Rakuten AirMap platform will give drone manufacturers and drone-related application developers access to the company’s suite of UTM APIs, making it possible for them to easily incorporate into their products features essential for ensuring the safety of drone flight, such as information about no-fly and restricted-flight zones and the ability to create flight plans and logs and also to receive commercial aviation alerts during flight. By providing this platform to drone manufacturers and application developers, Rakuten AirMap will make it easier for new features to be added to existing drone systems and for related applications to be developed. It is hoped this will lead to an acceleration in the development of new drone services.

Rakuten AirMap has plans to offer its platform and services to Japanese airspace managers and drone operators in future. Through its offerings of drone airspace management solutions, Rakuten AirMap seeks to contribute to the realization of safe and smooth drone flights and empower further development of the Japanese drone industry.

Source: Rakuten Inc.

J.Crew Group, Inc. appoints Vincent Zanna as CFO and Treasurer

NEW YORK, 2017-Aug-24 — /EPR Retail News/ — J.Crew Group, Inc. (the “Company”) today (Aug. 23, 2017) announced that Vincent Zanna, previously Senior Vice President of Finance and Treasurer, has been promoted to Chief Financial Officer and Treasurer, effective immediately. He will continue reporting to Michael J. Nicholson, President and Chief Operating Officer.

Mr. Nicholson commented, “I am pleased to announce the appointment of Vin to Chief Financial Officer and Treasurer. Vin has been an asset to the Company and an especially valuable partner since I joined the Company in January 2016. He has strong financial acumen and leadership skills that make him the perfect choice for this key role.  I look forward to continuing to partner with Vin in executing our transformation plan and strategically positioning the Company for long-term profitable growth.”

Mr. Zanna, 46, has served as the Company’s Senior Vice President of Finance and Treasurer since October 2016 and Vice President and Treasurer from 2012. Prior to joining the Company in 2009, he served as the Treasurer of Footstar, Inc.

About J.Crew Group, Inc.

J.Crew Group, Inc. is an internationally recognized omni-channel retailer of women’s, men’s and children’s apparel, shoes and accessories. As of August 23, 2017, the Company operates 274 J.Crew retail stores, 119 Madewell stores, jcrew.com, jcrewfactory.com, the J.Crew catalog, madewell.com, and 182 factory stores (including 42 J.Crew Mercantile stores). Certain product, press release and SEC filing information concerning the Company are available at the Company’s website www.jcrew.com.

SOURCE: J.Crew Group, Inc.

Diebold Nixdorf appoints Ben Gale vice president, UK/Ireland

NORTH CANTON, Ohio and PADERBORN, Germany, 2017-Aug-24 — /EPR Retail News/ — Diebold Nixdorf (NYSE: DBD) today (Aug. 23, 2017) announced that Ben Gale has been appointed vice president, UK/Ireland. In this role, Gale will be responsible for leading and overseeing Diebold Nixdorf’s business operations in the UK and Ireland.

With more than 20 years of experience in the IT sector, Ben has held senior roles at Xerox, NCR and The Logic Group. He has significant experience in both the retail banking and retail industries and has successfully grown and developed businesses across services, software and hardware portfolios. He will be based in Bracknell, England and report to Christian Weisser, senior vice president and managing director, Europe, Middle East and Africa.

“We are very pleased to welcome Ben into the UK/Ireland business,” Weisser said. “The timing of this appointment is excellent following the recent launch of the Diebold Nixdorf brand in the UK and Ireland. Ben’s experience and successful track record as an IT leader will be extremely valuable as we further broaden relationships and provide connected commerce solutions for our customers in the region.”

About Diebold Nixdorf
Diebold Nixdorf, Incorporated is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world’s top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an ‘always on’ and changing consumer landscape.

Diebold Nixdorf has a presence in more than 130 countries with approximately 24,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Shares are traded on the New York and Frankfurt Stock Exchanges under the symbol ‘DBD’. Visit www.DieboldNixdorf.com for more information.

Media Relations:
Mike Jacobsen
APR
+1-330-490-3796
michael.jacobsen@dieboldnixdorf.com

Investor Relations:
Steve Virostek
+1-330-490-6319
steve.virostek@dieboldnixdorf.com

Germany Media Relations:
Andreas Bruck
+49 151 1512 3018
andreas.bruck@dieboldnixdorf.com

SOURCE: Diebold Nixdorf

NCR announces voluntary lump sum pension option

Company expects to make a voluntary lump sum payment offer to certain former employees who are participants in its U.S. qualified pension plan

DULUTH, Ga., 2017-Aug-24 — /EPR Retail News/ — NCR Corporation (NYSE : NCR) today (August 23, 2017) announced that it will offer a voluntary lump sum payment option to certain former employees or their beneficiaries who are deferred vested participants in its U.S. qualified pension plan and who have not yet started monthly payments of their basic pension benefits.

This action will provide eligible participants with additional benefit payment options not normally available to them and will potentially reduce the size of the U.S. plan.  The lump sum payment offer is being funded with existing plan assets and no additional contribution to the plan is required in connection with this offer.

In the coming weeks, NCR will contact approximately 7,000 eligible deferred vested participants with a personalized letter about the voluntary lump sum offer, which is designed to give them more flexibility in managing their retirement benefits.  NCR expects to complete lump sum payments under the voluntary lump sum offer by year end 2017.

Overview of Voluntary Lump Sum Offer
The details of the voluntary offer will be described in the personalized letter that eligible deferred vested participants will receive in the coming weeks.

The voluntary offer will include the following choices, which are designed to provide greater flexibility in managing retirement benefits:

  • One-time lump sum payment rolled over to an IRA or another employer’s qualified plan (if permitted by that plan)
  • One-time lump sum payment rolled over to the NCR Savings Plan (for individuals with NCR Savings Plan accounts)
  • One-time lump sum payment in cash payable in December 2017
  • Monthly annuity payment (single life or joint and survivor) commencing in December 2017
  • Take no action (remain subject to the plan’s normal payout options and normal benefit commencement dates)

Eligible participants will have from September 6 until October 20, 2017 to make a decision on these voluntary benefit payment options. Participants with questions before September 6 can visit the NCR website http://www.ncr.com/ncr-lump-sum-offer for additional details on the offer.

Participants who are currently receiving monthly benefits from the U.S. pension plan (retirees), participants who are current employees of NCR, and certain other U.S. pension plan participants described in the lump sum offer materials are not eligible for this offer.

Request by NCR for Updated Participant Contact Information
In order to receive the lump sum offer materials and/or other important information about the pension plan, NCR encourages participants to contact the NCR Benefits Service Center as soon as possible to make sure that the Company has their current mailing address and contact information on file (regardless of whether a participant is eligible for this offer):

  • Update by Phone:  NCR Benefits Service Center telephone representatives are available at 1-800–245–9035, Monday through Friday between 8:30 a.m. and 8:00 p.m. Eastern time (excluding most New York Stock Exchange holidays).
  • Update by Internet:  If you have already established a login and password for the NCR Benefits Service Center, you can view your account at any time by accessing www.netbenefits.com/ncr.

About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 700 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Ga., with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. NCR encourages investors to visit its web site which is updated regularly with financial and other important information about NCR.

Website: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

Notes to Investors
This release contains forward-looking statements. Forward-looking statements use words such as “expect,” “anticipate,” “outlook,” “intend,” “plan,” “potentially,” “believe,” “will,” “should,” “would,” “could” and words of similar meaning. Statements that describe or relate to NCR’s plans, goals, intentions, strategies or financial outlook, and statements that do not relate to historical or current fact, are examples of forward-looking statements. The forward-looking statements in this release include statements about NCR’s pension strategy; expectations regarding pension metrics; future contributions and funding obligations, and the economic and other effects thereof; plans with respect to voluntary lump sum payment options to be offered to certain pension plan participants and the effect thereof; and strategies and intentions regarding NCR’s pension plans.  Forward-looking statements are based on our current beliefs, expectations and assumptions, which may not prove to be accurate, and involve a number of known and unknown risks and uncertainties, many of which are out of NCR’s control. Forward-looking statements are not guarantees of future performance, and there are a number of important factors that could cause actual outcomes and results to differ materially from the results contemplated by such forward-looking statements, including those factors relating to: the strength of demand for ATMs and other financial services hardware; domestic and global economic and credit conditions including, in particular, those resulting from uncertainty in the “BRIC” economies, economic sanctions against Russia, the determination by Britain to exit the European Union, the potential for changes to global or regional trade agreements or the imposition of protectionist trade policies, and the imposition of import or export tariffs or border adjustments; the impact of our indebtedness and its terms on our financial and operating activities; the impact of the terms of our strategic relationship with Blackstone and our Series A Convertible Preferred Stock; the transformation of our business model and our ability to sell higher-margin software and services; the possibility of disruptions in or problems with our data center hosting facilities; cybersecurity risks and compliance with data privacy and protection requirements; foreign currency fluctuations; our ability to successfully introduce new solutions and compete in the information technology industry; our ability to improve execution in our sales and services organizations; defects or errors in our products; manufacturing disruptions; collectability difficulties in subcontracting relationships in Emerging Industries; the historical seasonality of our sales; the availability and success of acquisitions, divestitures and alliances, including the divestiture of our Interactive Printer Solutions business; our pension strategy and the success thereof, including our ability to successfully execute our plan to offer a lump sum payment option to certain pension plan participants; our underfunded pension obligation and the funded status of our pension plans; the success of our restructuring plans and cost reduction initiatives; tax rates; reliance on third party suppliers; development and protection of intellectual property; workforce turnover and the ability to attract and retain skilled employees; environmental exposures from our historical and ongoing manufacturing activities; and uncertainties with regard to regulations, lawsuits, claims and other matters across various jurisdictions. Additional information concerning these and other factors can be found in NCR’s filings with the U.S. Securities and Exchange Commission, including NCR’s most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made. NCR does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Media Contact:
Scott Sykes
NCR Corporation
212-589-8428
scott.sykes@ncr.com

Source: NCR Corporation