LVMH launches the second edition of the LVMH Innovation Award

Paris, 2017-Dec-04 — /EPR Retail News/ — LVMH launches the second edition of the LVMH Innovation Award, which will be presented during the upcoming Viva Technology show (May 24-26, 2018). All startups working on issues related to the luxury sector can apply and win a chance to be part of the LVMH Lab during the event. The winning startup will receive support for its development from the LVMH Group.

A top-tier international event for key players in the digital transformation and all those who are inventing the future, Viva Technology is a unique opportunity for leading businesses to engage with promising startups and help them grow. LVMH has supported this global showcase of new technologies since its creation in 2016 by media group Les Echos and Publicis Group.

With the third edition of Viva Technology set for May 24-26, 2018 in Paris, the LVMH Group has announced the challenge for the second LVMH Innovation Award, which will be given to a budding startup from France or another country. Created in 2017, the LVMH Innovation Award celebrates new ideas and is open to any startup created within the past five years with a valuation of under $100 million, fewer than 50 employees, and whose solutions are relevant to the challenges addressed by the LVMH Group and its Maisons. Startups that satisfy these criteria can apply online at the LVMH Innovation Award site until February 15, 2018. The finalists selected will have a space in the LVMH Lab and have a chance to pitch their business model during the event.

This award reaffirms LVMH’s values of creativity, excellence, innovation and entrepreneurial spirit, the pillars of the Group’s culture, business model and growth.

Contact:

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

Source: LVMH

The President of the Republic of Finland grants the honorary title of vuorineuvos to Kesko President and CEO Mikko Helander

Helsinki, Finland, 2017-Dec-04 — /EPR Retail News/ — Mikko Helander, Master of Science (Technology), President and CEO, and vuorineuvos, was born in 1960. Helander has acted as President and CEO of Kesko since 1 January 2015. Before joining Kesko, Helander acted as CEO of Metsä Board Corporation between 2006 and 2014, CEO of Metsä Tissue Corporation between 2003 and 2006, and in various management positions at Valmet Corporation between 1990 and 2003.

Mikko Helander has also been entrusted with, for example, the following duties: Chairman of the board of Ilmarinen Mutual Pension Insurance Company; member of the board (Chairman as of 1 January 2018) of the Finnish Commerce Federation; member of the board of the Confederation of Finnish Industries EK.

Further information on Mikko Helander’s career and duties can be found at: https://www.kesko.fi/en/company/administration-and-management/group-management-board/.

Media desk:

viestinta@kesko.fi
tel.+358 10 53 50200 (Mon-Fri 8-16)

Source: Kesko Corporation

Sainsbury’s trials new coffee bar in its supermarkets

Sainsbury’s trials new coffee bar in its supermarkets

 

Sainsbury’s is branching into the coffee-to-go market by trialling a new coffee bar at the front of six of its supermarkets. 

London, 2017-Dec-04 — /EPR Retail News/ — The bars, called ‘1869 Coffee’ in reference to the year that Sainsbury’s opened its first shop, enable customers to order Sainsbury’s Own Brand coffees and teas, as well as pastries and cakes (hot panini’s will be available in selected coffee bars) to take away.

Run by a Sainsbury’s colleague with specialist barista training, the menu offers a wide range of hot drinks with each store spicing it up and adding their own seasonal specials throughout the year. In the run up to Christmas customers can get their hands on new blends including a honeycomb latte, black forest hot chocolate and gingerbread latte. Mince pies will also be on offer for those looking for a festive treat.

Mintel’s latest reports reveal that the UK coffee shop market has risen by 37% over the last five years[1] and coffee-to-go is high in demand. Sainsbury’s new coffee bar format will look to tap into this market by giving customers their instant caffeine hit while on the move.

Customers in Sainsbury’s West Green, Cambridge Eddington, Slough, Watford and Alton can already pay a visit to the bars, with Sainsbury’s Armada Way store in Plymouth due to kick off the service this week. The bars will be open seven days a week with opening times varying from store to store.

Adrian Cook, Director of Fresh Foods at Sainsbury’s commented, “We want to help all of our customers to live well for less and as part of this we’re continually looking at new ways to be there for our customers, providing a range of convenient and high quality services at their fingertips.

“By giving our customers the chance to grab and go a range of hot drinks and snacks at the front of the store, we are differentiating our in-store offer and delivering a great value takeaway experience. It’s an exciting opportunity for us to listen and understand how our customers respond to a new trial like this.”

Media contact:
press_office@sainsburys.co.uk
0207 695 7295

Source: Sainsbury’s

###

H&M shortlisted in the world’s premier circular economy award program, The Circulars

H&M group has been selected as a finalist in the world’s premier circular economy award program, The Circulars.

STOCKHOLM, Sweden, 2017-Dec-04 — /EPR Retail News/ — The award program, an initiative of the World Economic Forum and the Forum of Young Global Leaders, offers recognition to individuals and organizations across the globe that are making notable contributions to the circular economy in the private and public sector, as well as society.

H&M group has been selected as a finalist in the category The Accenture Strategy Award for Circular Economy Multinational. The winner of the award will be announced at the World Economic Forum’s Annual Meeting in Davos on January 22, 2018.

MEDIA CONTACT:

Head of Media Relations
Katarina Kempe
+46 8 5780 85 54

SOURCE: H&M

Stefan Cooke announced as the newly crowned winner of the H&M Design Award 2018

Stefan Cooke announced as the newly crowned winner of the H&M Design Award 2018

 

STOCKHOLM, Sweden, 2017-Dec-04 — /EPR Retail News/ — Yesterday in London, Stefan Cooke was announced as the winner of the H&M Design Award 2018. A graduate of MA programme at Central Saint Martins, United Kingdom, Stefan was selected from eight international finalists by a jury of fashion experts chaired by H&M’s creative advisor Ann-Sofie Johansson. As the newly crowned winner of the H&M Design Award, Stefan will receive up to €50,000 in prize money.

After spending time with each of the eight finalists and looking through their collections, Stefan was ultimately selected by an international jury of fashion experts led by Ann-Sofie Johansson, Creative Advisor at H&M.

“It was really tough to come to a decision, but everybody on the jury panel agreed that Stefan’s collection felt really fresh, innovative and well-executed. You were immediately drawn to each of the pieces, becoming more and more curious about the processes involved. He’s such a clever person and very driven, but at the same time, a really humble person. We’re all so happy for him,” says Ann-Sofie Johansson, H&M’s creative advisor.

It was innovation that won Stefan Cooke the 2018 H&M Design Award – innovation in technique, silhouette, materials and most importantly, imagination. A graduate of the MA at Central Saint Martins, United Kingdom, 25-year-old Stefan first worked under fashion design visionaries such Walter van Beirendonck and John Galliano before his appointment to Maison Margiela. For his winning H&M Design Award collection, Stefan explored the idea of an everyday wardrobe for men and subverted pieces such as jeans, a leather jacket or cricket jumper by replicating them in unusual ways, either printing them onto elastic or pulling out threads of knitwear to create a type of mesh. It was this kind of forward-thinking and wit that ultimately impressed the jury.

“I feel overwhelmed right now about winning the award. I really wanted to show the exact things that men wear, but then recreate them in an entirely new way. Because I was a textiles student, I began looking for new ways to get certain things across visually and I came across elastic. I just found that the possibilities with it were endless,”

Stefan Cooke

This year, the jury members comprised of Ann-Sofie Johansson, Creative Advisor at H&M, Alex Fury, Fashion Journalist, Author, Critic and Editor of AnOther magazine, Veronika Heilbrunner, Stylist and Founder of Hey Woman, Luke Day, Editor GQ Style, Michal Pudelka, Photographer represented by Katy Barker, Sarah Richardson, Fashion Stylist and Consultant Maxim Fashion Agents, Richard Quinn, Designer and Winner of H&M Design Award 2017, Floriane de Saint Pierre, President Floriane de Saint-Pierre et Associés, and Margareta van den Bosch, Creative Advisor at H&M. Together they deliberated in private and announced the winner to an audience in London of international fashion editors, journalists and stylists.

“For me, what Stefan does really stands out for two reasons. One, it’s really exciting to see someone who’s doing something so innovative and experimental in menswear. Two, the way he’s experimenting with silhouette and materials, the finish of things and playing with pattern, Stefan is very inventive. It all feels incredibly new, especially on the menswear scene,” says Alex Fury, jury member and fashion journalist.

The H&M Design Award has always been about finding the most promising graduates from the world’s top fashion schools and giving them the opportunity to progress their career in fashion. For 2018, the winner, Stefan Cooke, will be awarded a prize of €25,000 as well as a six-month internship at H&M’s Head Office in Stockholm to work alongside the design team best suited to his skills and experience. Or, he can exchange the internship for a grant of €25,000, which would bring the total prize sum to €50,000.

Along with the winner, the jury was impressed with the quality and design talent of all the finalists, who each were awarded €5,000. The finalists were:

Rushemy Botter – Royal Academy of Fine Arts, Belgium
Ken Boonsong Thaodee – Royal Academy of Fine Arts, Belgium
Flore Girard de Langlade – HEAD – Geneva University of Art & Design, Switzerland
Katiuscia Gregoire – Parsons, U.S
Emma Chopova & Laura Lowena – Central Saint Martins, United Kingdom
Kevin Germanier – Central Saint Martin, United Kingdom
Sueim Yang – SADI, Samsung Art & Design Institute, Korea

ABOUT THE H&M DESIGN AWARD

The H&M Design Award was founded in 2012 to support young designers. Each year, students and graduates from some of the most respected fashion and design colleges take part, bringing together some of the most exciting new talent from across the globe. The annual prize underlines H&M’s strong commitment to the future of fashion, encouraging young designers as they begin their careers, as well as inspiring the next generation to choose fashion as their future path.

For more information about H&M Design Award, please visit designaward.hm.com.

MEDIA CONTACT:

Head of Media Relations
Katarina Kempe
+46 8 5780 85 54

SOURCE: H&M

###

Albertsons to offer same-day grocery delivery service through partnership with Instacart

Agreement offers faster, more convenient same-day delivery choices.

Boise, ID, 2017-Dec-04 — /EPR Retail News/ — Albertsons Companies, one of the nation’s largest grocery retailers, today (November 28, 2017) announced it will increase customer convenience through an agreement with Instacart, the technology driven, nationwide on-demand grocery delivery service, by offering same-day deliveries in as little as an hour.

When the platform is fully developed, Instacart customers will be able to choose from Albertsons Companies banner stores across key market areas, for a speedy, convenient option to receive their groceries, furthering Albertsons Companies’ mission to reinvent the way consumers discover, purchase, receive and experience food.

“Instacart’s extensive delivery network combined with Albertsons Companies existing home delivery services and established, robust e-commerce offering creates a fantastic customer proposition,” said Shane Sampson, Albertsons Companies Chief Marketing and Merchandising Officer. “Customers can shop how, when and where they choose, with the convenient option of quick delivery straight to their doorsteps.”

Under the agreement, Instacart’s delivery service is expected to be available in more than 1,800 of Albertsons Companies’ customers’ favorite stores across the country by mid-2018. The company’s commitment to meeting customers where and how they want to shop demonstrates an unparalleled pledge to innovation. This year, Albertsons Companies began rolling out same day delivery and Drive-up & Go, and acquired meal kit company Plated.

“Families across the nation trust and rely on Albertsons Companies’ stores for their fresh groceries and everyday essentials,” said Apoorva Mehta, Founder and CEO of Instacart. “We couldn’t be more excited to work with the company’s legendary brands from coast-to-coast to offer customers a new convenient, time-saving option for shopping at their neighborhood store.”

Albertsons Companies current home delivery network and digital programs will continue to serve its growing customer base in existing markets.

About Albertsons Companies

Albertsons Companies is one of the largest food and drug retailers in the United States, with both a strong local presence and national scale. We operate stores across 35 states and the District of Columbia under 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen and Carrs, as well as meal kit company Plated based in New York City. Albertsons Companies is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2016 alone, along with the Albertsons Companies Foundation, the company gave nearly $300 million in food and financial support. These efforts helped millions of people in the areas of hunger relief, education, cancer research and treatment, programs for people with disabilities and veterans outreach.

About Instacart

Instacart helps people cross grocery shopping off their to-do lists with just a few clicks. Customers use the Instacart website or app to fill their virtual shopping cart with items from their favorite, local stores and Instacart connects them with shoppers who hand pick the items and deliver them straight to their door. Founded in San Francisco in 2012, Instacart has quickly scaled to over 150 markets and partnered with retailers across North America, including popular national chains as well as local, regional grocers. By combining a personal touch with cutting-edge technology, Instacart offers customers a simple solution to save time and eat fresh food from the most trusted grocery brands. Instacart is the only grocery service that can meet today’s on-demand lifestyle by delivering in as little as one hour. First delivery is free at www.Instacart.com.

Important Notice Regarding Forward-Looking Statements

This press release contains certain forward-looking statements. Statements that are not historical facts, including statements about our perspectives and expectations, are forward looking statements. The words “expect,” “believe,” “estimate,” “intend,” “plan” and similar expressions, when related to the Company and its subsidiaries, indicate forward-looking statements. These statements reflect the current view of management and are subject to various risks and uncertainties. These statements are based on various assumptions and factors, including general economic, market, industry and operational factors. Any changes to these assumptions or factors may lead to practical results different from current expectations. Excessive reliance should not be placed on those statements. Forward-looking statements relate only to the date they were made, and the Company and its subsidiaries undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made.

Media Contact:

For Albertsons Companies
Christine Wilcox
Christine.Wilcox@albertsons.com

For Instacart:
Dacyl Armendariz
Dacyl.Armendariz@Instacart.com

Source: Albertsons Companies

The Michaels Companies 3Q 2017 financial results: Total net sales increased 1.1

  • Comparable store sales increased 1.0%, including the negative impact of approximately 80 basis points related to lost sales from hurricanes
  • Operating income of $153.9 million
  • Diluted EPS of $0.44, including the negative impact of approximately $0.01 related to hurricanes

IRVING, Texas, 2017-Dec-04 — /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ: MIK) today (2017-11-30) announced financial results for the third quarter ended October 28, 2017.

“We are pleased we delivered third quarter operating income in-line with our guidance and diluted EPS above our guidance. We are seeing nice momentum in our business, excluding the disruption from the hurricanes, and we are encouraged by the customer’s response to the improvements we have made, both in-stores and online, to make it easier for customers to MAKE,” said Chuck Rubin, Chairman and Chief Executive Officer. “As we turn to the fourth quarter, we believe our holiday assortment is bigger and better than ever, and our teams are ready to serve customers, both in stores and online. We are pleased with the start to the quarter, although we recognize the heart of the season still lies ahead. We are excited about our plans, and we are confident the investments we’ve made to create an easier, more integrated omnichannel experience will drive continued momentum and deliver stronger financial results.”

Third Quarter Highlights

  • Net sales increased 1.1% to $1,240.2 million, from $1,227.2 million in the third quarter of fiscal 2016, inclusive of an estimated $10 million in lost sales related to Hurricanes Harvey and Irma. The increase in net sales was primarily a result of a 1.0% increase in comparable store sales (0.5% on a constant currency basis), and sales from the operation of 16 new Michaels stores (net of closures) in fiscal 2017. As expected, this increase was partially offset by lower wholesale revenues.
  • Gross profit increased 3.8% to $484.1 million, from $466.6 million in the third quarter of fiscal 2016. As a percentage of net sales, gross profit increased 100 basis points to 39.0% compared to 38.0% in the third quarter of fiscal 2016. The increase, as a percentage of net sales, was due to higher merchandise margin resulting from our ongoing sourcing initiatives, the timing of distribution-related costs and the comparison against $0.7 million of net non-recurring, inventory-related purchase accounting adjustments recorded in the third quarter of fiscal 2016 related to the acquisition of Lamrite West. These benefits were partially offset by higher inventory shrinkage.
  • Selling, general and administrative expense, including store pre-opening costs, (“SG&A”) increased 3.1% to $330.3 million, or 26.6% of sales, from $320.3 million, or 26.1% of sales, in the third quarter of fiscal 2016. The increase in SG&A was primarily due to an increase in incentive-based compensation, marketing expenses and healthcare expenses. The increase was partially offset by a comparison against $1.6 million of net non-recurring integration expenses recorded in the third quarter of fiscal 2016 related to the acquisition of Lamrite West.
  • Operating income increased 5.1% to $153.9 million, or 12.4% of sales, compared to $146.3 million, or 11.9% of sales, in the third quarter of fiscal 2016. Excluding net non-recurring, inventory-related purchase accounting adjustments and integration expenses associated with the acquisition of Lamrite West, adjusted operating income for the third quarter of fiscal 2016 was $148.6 million.
  • Interest expense increased $1.3 million to $32.8 million, from $31.5 million in the third quarter of fiscal 2016 primarily due to higher interest rates on the Company’s variable rate asset-based revolving credit facility and term loan credit facility.
  • The effective tax rate was 34.3% for the third quarter of fiscal 2017, compared to 29.0% for the third quarter of fiscal 2016. The higher effective tax rate was primarily due to certain federal tax credits recognized in the third quarter of fiscal 2016 and an increase in state taxes, partially offset by benefits realized from the Company’s direct sourcing initiatives.
  • Net income increased 4.3% to $79.8 million, compared to $76.5 million in the third quarter of fiscal 2016. Excluding net non-recurring, inventory-related purchase accounting adjustments, integration expenses associated with the acquisition of Lamrite West, and losses on early extinguishment of debt and refinancing costs, less related tax adjustments, adjusted net income for the third quarter of fiscal 2016 was $82.1 million.
  • Diluted earnings per share increased 18.9% to $0.44, from $0.37 in the third quarter of fiscal 2016. Diluted weighted-average common shares outstanding for the quarter were 182.0 million compared with 205.3 million in the third quarter of fiscal 2016. Excluding net non-recurring, inventory-related purchase accounting adjustments, integration expenses associated with the acquisition of Lamrite West, and losses on early extinguishment of debt and refinancing costs, less related tax adjustments, adjusted diluted earnings per share in the third quarter of fiscal 2016 was $0.40.
  • During the third quarter of fiscal 2017, the Company opened eight new Michaels stores and one new Pat Catan’s store. The Company also closed one Michaels store and three Aaron Brothers stores during the quarter. In the third quarter of fiscal 2016, the Company opened 14 new Michaels stores and closed two Michaels stores. At the end of the third quarter, the Company operated 1,237 Michaels stores, 98 Aaron Brothers stores, and 36 Pat Catan’s stores.
  • The Company ended the third quarter of fiscal 2017 with $176.8 million in cash, $2.9 billion in total debt and $675.7 million in availability under its asset-based revolving credit facility.
  • Total merchandise inventory at the end of the third quarter was $1,404.2 million compared to $1,394.1 million in the third quarter of fiscal 2016. Average Michaels inventory on a per store basis, inclusive of distribution centers, in transit and inventory for the Company’s e-commerce site, decreased 1.2% to $1,028,000, compared to $1,040,000 at the end of the third quarter of fiscal 2016.
  • During the quarter, the Company purchased 2.4 million shares, or $48.6 million, under its share repurchase authorization. The total remaining authorization for future repurchases is approximately $350.0 million. The share repurchase program does not have an expiration date, and the timing and number of repurchase transactions under the program will depend on market conditions, corporate considerations, debt agreements, and regulatory requirements.

Fourth Quarter and Fiscal Year 2017 Outlook:

For fiscal 2017, a 53-week year, the Company expects:

  • total net sales growth of 2.9% to 3.2%, or 2.7% to 3.0% on a constant currency basis, including the impact of the 53rd week, which is planned to be approximately $80 million;
  • comparable store sales to increase 0.6% to 0.9%, or 0.4% to 0.7% on a constant currency basis;
  • to open 18 new stores, including 17 new Michaels stores and one new Pat Catan’s store; relocate 12 Michaels stores; and close 17 stores, including 15 Aaron Brothers stores and two Michaels stores;
  • operating income to be in the range of $735 million to $745 million;
  • interest expense to be approximately $130 million;
  • the effective tax rate to be between 34% and 35%;
  • diluted earnings per common share to be between $2.13 and $2.16, based on diluted weighted average common shares of approximately 186 million; and
  • capital expenditures to be approximately $120 million.

The outlook for fiscal 2017 includes approximately $0.01 of favorable earnings per share impact related to 2.4 million shares repurchased in the third quarter of fiscal 2017 and approximately $0.01 of favorable earnings per share impact related to a stronger Canadian Dollar. The Company now expects the Canadian exchange rate will average $1.29 for the full year.

For the fourth quarter of fiscal 2017, the Company expects:

  • comparable store sales to increase 1.5% to 2.5%, or 1.0% to 2.0% on a constant currency basis;
  • to open one new Michaels store and close four Aaron Brothers stores;
  • operating income to be between $354 million and $364 million;
  • interest expense to be approximately $35 million;
  • the effective tax rate to be between 34% and 35%; and
  • diluted earnings per common share to be between $1.15 and $1.18, based on diluted weighted average common shares of 182 million.

Conference Call Information

A conference call to discuss third quarter financial results is scheduled for today, November 30, 2017, at 8:00 a.m. Central Time. Investors who would like to join the conference call are encouraged to pre-register for the conference call using the following link: http://dpregister.com/10113759. Callers who pre-register will be given a phone number and a unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time.

Investors without internet access or who are unable to pre-register can join the call by dialing (844) 340-4762 or (412) 717-9617.

The conference call will also be webcast at http://investors.michaels.com/. To listen to the live call, please go to the website at least 15 minutes before the call is scheduled to begin to register and download any necessary audio software. The webcast will be accessible for 30 days after the call. Additionally, a telephone replay will be available until December 14, 2017, by dialing (877) 344-7529 or (412) 317-0088, access code 10113759.

Non-GAAP Information

This press release includes non-GAAP measures including operating income excluding net non-recurring, inventory-related purchase accounting adjustments and integration expenses associated with the acquisition of Lamrite West (“Adjusted operating income”); net income excluding net non-recurring, inventory-related purchase accounting adjustments and integration expenses associated with the acquisition of Lamrite West and losses on early extinguishment of debt and refinancing costs, less related tax adjustments, (“Adjusted net income”); and diluted earnings per share excluding net non-recurring, inventory-related purchase accounting adjustments and integration expenses associated with the acquisition of Lamrite West and losses on early extinguishment of debt and refinancing costs, less related tax adjustments (“Adjusted diluted earnings per share”). The Company has reconciled these non-GAAP financial measures with the most directly comparable GAAP financial measures in a table accompanying this release. The Company believes that these non-GAAP financial measures not only provide its management with comparable financial data for internal financial analysis but also provide meaningful supplemental information to investors. Specifically, these non-GAAP financial measures allow investors to better understand the performance of the Company’s business and facilitate a meaningful evaluation of its quarterly and fiscal 2017 diluted earnings per common share and actual results on a comparable basis with its quarterly and fiscal 2016 results.

In evaluating these non-GAAP financial measures, investors should be aware that in the future the Company may incur expenses or be involved in transactions that are the same as or similar to some of the adjustments in this presentation. The Company’s presentation of non-GAAP financial measures should not be construed to imply that its future results will be unaffected by any such adjustments. The Company has provided this information as a means to evaluate the results of its ongoing operations. Other companies in the Company’s industry may calculate these items differently than it does. Each of these measures is not a measure of performance under GAAP and should not be considered as a substitute for the most directly comparable financial measures prepared in accordance with GAAP. Non-GAAP financial measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the Company’s results as reported under GAAP.

Forward-Looking Statements

This news release includes forward-looking statements which reflect management’s current views and estimates regarding the Company’s industry, business strategy, goals, and expectations concerning its market position, future operations, margins, profitability, capital expenditures, share repurchases, liquidity and capital resources, and other financial and operating information. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “imply,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” and similar terms and phrases are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The Company cannot assure investors that future developments affecting the Company will be those that it has anticipated. Actual results may differ materially from these expectations due to risks relating to the effect of economic uncertainty; substantial changes to fiscal and tax policies; our reliance on foreign suppliers; regulatory changes; the seasonality of our business; changes in customer demand; damage to the reputation of the Michaels brand or our private and exclusive brands; unexpected or unfavorable consumer responses to our promotional or merchandising programs; our failure to adequately maintain security and prevent unauthorized access to electronic and other confidential information; increased competition including internet-based competition from other retailers; and other risks and uncertainties including those identified under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”), which is available at www.sec.gov, and other filings that the Company may make with the SEC in the future. If one or more of these risks or uncertainties materialize, or if any of the Company’s assumptions prove incorrect, the Company’s actual results may vary in material respects from those projected in these forward-looking statements. Any forward-looking statement made by the Company in this news release speaks only as of the date on which the Company makes it. Factors or events that could cause the Company’s actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company does not undertake and specifically disclaims any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.

About The Michaels Companies, Inc.:

A Fortune 500® Company, The Michaels Companies, Inc. is North America’s largest specialty provider of arts, crafts, framing, floral, wall décor, and seasonal merchandise for Makers and do-it-yourself home decorators.

As of October 28, 2017, the Company owned and operated 1,371 stores in 49 states and Canada under the brands Michaels, Aaron Brothers and Pat Catan’s. The Michaels Companies, Inc., also owns Artistree, a manufacturer of high quality custom and specialty framing merchandise, and Darice, a premier wholesale distributor in the craft, gift and decor industry. The Michaels Companies, Inc. produces a number of private brands including Recollections®, Studio Decor®, Bead Landing®, Creatology®, Ashland®, Celebrate It®, ArtMinds®, Artist’s Loft®, Craft Smart®, Loops & Threads®, Make Market®, Foamies®, LockerLookz®, Imagin8®, and Sticky Sticks®. Learn more about Michaels at www.michaels.com.

Investor Contact:
Kiley F. Rawlins
CFA
972-409-7404
Kiley.Rawlins@michaels.com

ICR, Inc.
Farah Soi
CFA
203-682-8200
Farah.Soi@icrinc.com

Caitlin Morahan
203-682-8200
Caitlin.Morahan@icrinc.com

Financial Media Contact:
ICR, Inc.
Jessica Liddell/ Julia Young
203-682-8200
Michaels@icrinc.com

Source: The Michaels Companies, Inc.

The National Retail Federation applauds Senate passage of landmark tax reform legislation

WASHINGTON, 2017-Dec-04 — /EPR Retail News/ —The National Retail Federation welcomed Senate passage early today (December 2, 2017) of landmark tax reform legislation, saying congressional action on the pro-growth plan is helping boost consumer confidence and that savings from reform could be enough to pay for many families’ holiday shopping.

“This vote couldn’t come at a better time,” NRF President and CEO Matthew Shay said. “Holiday shopping was strong throughout the Thanksgiving weekend, and a good part of the reason was optimism about the work Congress is doing to pass tax reform. Consumers and voters are beginning to realize that tax reform will create jobs, leave more money in the pockets of middle-class Americans and give our nation’s economy the biggest boost it’s seen in decades. In fact, the savings is enough to give the average family a free Christmas. It’s time to get this legislation to President Trump so American consumers will know they can count on extra money in their paychecks come January.”

“We look forward to members of the House and Senate sitting down to reconcile the differences between their versions of the legislation so that a final bill can be signed into law as soon as possible,” Shay said. “There is far more that the two chambers agree on than they disagree on. And both clearly agree that the time for tax reform has come.”

According to the Senate Finance Committee, a typical family of four earning the average annual income of $73,000 would see its taxes cut by nearly $1,500 a year, or $125 a month, and some estimates are higher. The number is enough to completely cover the $967.13 NRF expects the average consumer to spend this year as part of up to $682 billion in holiday season sales.

An NRF survey found that 174 million American adults shopped from Thanksgiving Day through Cyber Monday, 10 million more than NRF had projected.

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

Contact:

J. Craig Shearman
(202) 626-8134
press@nrf.com
(855) NRF-Press

Source: NRF

CVS Health to acquire Aetna for $77 billion

  • Combines CVS Health’s Unmatched Local Presence and Clinical Capabilities with Aetna’s Leading Health Care Benefits and Services
  • Provides Greater Integration of Care, Empowering Consumers and their Health Professionals to Make More Informed Decisions
  • Transaction Expected to Generate Significant Synergies for Shareholders and Benefits for Customers

WOONSOCKET, R.I. and HARTFORD, Conn., 2017-Dec-04 — /EPR Retail News/ — CVS Health (NYSE: CVS), a company at the forefront of changing the health care landscape, and Aetna (NYSE: AET), one of the nation’s leading diversified health care benefits companies, today (December 3, 2017) announced the execution of a definitive merger agreement under which CVS Health will acquire all outstanding shares of Aetna for a combination of cash and stock. Under the terms of the merger agreement, which has been unanimously approved today by the boards of directors of each company, Aetna shareholders will receive $145.00 per share in cash and 0.8378 CVS Health shares for each Aetna share. The transaction values Aetna at approximately $207 per share or approximately $69 billion1. Including the assumption of Aetna’s debt, the total value of the transaction is $77 billion.

This transaction fills an unmet need in the current health care system and presents a unique opportunity to redefine access to high-quality care in lower cost, local settings whether in the community, at home, or through digital tools.

CVS Health President and Chief Executive Officer Larry J. Merlo said, “This combination brings together the expertise of two great companies to remake the consumer health care experience. With the analytics of Aetna and CVS Health’s human touch, we will create a health care platform built around individuals. We look forward to working with the talented people at Aetna to position the combined company as America’s front door to quality health care, integrating more closely the work of doctors, pharmacists, other health care professionals and health benefits companies to create a platform that is easier to use and less expensive for consumers.”

This is a natural evolution for both companies as they seek to put the consumer at the center of health care delivery. CVS Health has steadily become an integrated health care company, and Aetna has moved beyond being a traditional insurer to focus more on consumer well-being.

“This is the next step in our journey, positioning the combined company to dramatically further empower consumers. Together with CVS Health, we will better understand our members’ health goals, guide them through the health care system and help them achieve their best health,” said Mark T. Bertolini, Aetna chairman and CEO. “Aetna has a proud tradition of continually innovating to address unmet consumer needs and providing leading products and services to the marketplace.”

Bertolini continued, “Aetna has a talented and dedicated group of employees working to build a healthier world every day. Our combined company will be more competitive in the marketplace and accelerate progress toward achieving this mission.”

Today, increasing numbers of consumers are taking on more and more responsibility for paying for their health care as the burden of costs is being shifted to them. Together, CVS Health and Aetna will be a trusted community partner who will help consumers better manage the cost of the health care they need. The combined company will also be well positioned to more effectively meet the health needs of many more people, especially the 50 percent of Americans with chronic conditions that account for more than 80 percent of all health care costs. Finally, capabilities developed following this transaction will directly benefit clients of both companies and enable them to better manage their health care costs.

BENEFITS FOR CONSUMERS

Uniquely Integrated, Community-Based Health Care Experience

Consumers will benefit from a uniquely integrated, community-based health care experience. The combined company will also be able to better understand patients’ health goals, guide them through the health care system, and help them achieve their best health. There will be expanded opportunities to bring health care services to consumers every day. CVS Pharmacy locations will include space for wellness, clinical and pharmacy services, vision, hearing, nutrition, beauty, and medical equipment, in addition to the products and services our customers currently enjoy. An entirely new health services offering available in many locations will function as a community-based health hub dedicated to connecting the pathways needed to improve health and answering patients’ questions about their health conditions, as well as prescription drugs and health coverage.

This personalized health care experience will be delivered by connecting Aetna’s extensive network of providers with greater consumer access through CVS Health. This includes more than 9,700 CVS Pharmacy locations and 1,100 MinuteClinic walk-in clinics as well as further extensions into the community through Omnicare’s senior pharmacy solutions, Coram’s infusion services, and the more than 4,000 CVS Health nursing professionals providing in-clinic and home-based care across the nation. As a result, there will be a better opportunity to utilize local care solutions in a more integrated fashion with the goal of improving patient outcomes.

More Integrated Data and Analytics

The entire health care system will also benefit from broader use of data and analytics, leading to improved patient health at substantially lower cost. This will be achieved, for example, by helping patients avoid unnecessary hospital read missions. Twenty percent of Medicare patients are readmitted to the hospital soon after being discharged at significant annual costs, much of which is avoidable. Readmission rates can be cut in half if patients have a complete review of their medications after discharge from the hospital to help them manage their care at home. In addition, home devices to monitor activity levels, pulse, and respiratory rates can be used to prevent read missions. Rather than feeling lost and confused, selected high risk patients discharged from the hospital, or their caregivers, will be able to stop at a health hub location to access services such as medication evaluations, home monitoring and use of durable medical equipment, as needed. All of these services will complement and be integrated with the care provided by their physician and medical team.

Opportunity to Better Fight Chronic Disease

The combined entity will be able to help address the growing cost of treating chronic diseases in important ways. For example, there are 30 million Americans suffering from diabetes, costing the health care system approximately $245 billion annually. Patients with diabetes will receive care in between doctor visits through face-to-face counseling at a store-based health hub and remote monitoring of key indicators such as blood glucose levels. When needed, patients can receive text messages to let them know when their glucose levels deviate from normal ranges. As a follow up, patients can receive counseling on medication adherence, pick up diabetes-related supplies and engage ancillary services such as counsel on weight loss and programs designed to reverse diabetes through nutrition. This will result in better control of their blood sugar levels and better health, which should be appreciated by both patients and their doctors.

“These types of interventions are things that the traditional health care system could be doing,” commented Merlo, “but the traditional health care system lacks the key elements of convenience and coordination that help to engage consumers in their health. That’s what the combination of CVS Health and Aetna will deliver.”

BENEFITS FOR SHAREHOLDERS

As a result of this transaction, shareholders are expected to benefit from a number of outcomes, including enhanced competitive positioning; low- to mid-single digit accretion in the second full year after the close of the transaction, including the ability to deliver $750 million in near-term synergies; and a platform from which to accelerate growth. The combination over the longer term has the potential to deliver significant incremental value as it will spur the development of new products and generate significant new growth opportunities as a uniquely integrated retailer, pharmacy benefits manager and health plan. Aetna shareholders will receive attractive value from the transaction, including $145 per share in cash, and the ability to participate in the future success and high growth potential of the combined company.

TRANSACTION DETAILS

Transaction Terms

Under the terms of the merger agreement, each outstanding share of Aetna common stock will be exchanged for $145.00 in cash and 0.8378 shares of CVS Health common stock. Upon closing of the transaction, Aetna shareholders will own approximately 22% of the combined company and CVS Health shareholders will own approximately 78%.

The transaction is expected to close in the second half of 2018. It is subject to approval by CVS Health and Aetna shareholders, regulatory approvals and other customary closing conditions.

Financing of the Transaction

CVS Health intends to fund the cash portion of the transaction through a combination of existing cash on hand and debt financing. The transaction is not contingent upon receipt of financing. Barclays, Goldman Sachs and Bank of America Merrill Lynch are providing $49 billion of financing commitments.

Governance Details

Upon the closing of the transaction, three of Aetna’s directors, including Aetna’s Chairman and CEO Mark T. Bertolini, will be added to the CVS Health Board of Directors. In addition, members of the Aetna management team will play significant roles in the newly combined company. Aetna will operate as a stand-alone business unit within the CVS Health enterprise and will be led by members of their current management team.

Advisors

Barclays and Goldman Sachs are serving as financial advisors to CVS Health, and Centerview Partners also provided financial advice to the CVS Health Board of Directors. The company was advised on legal matters by Shearman & Sterling LLP, Dechert LLP, and McDermott Will & Emery LLP. Lazard and Allen & Company LLC are serving as financial advisors to Aetna and Evercore is serving as financial advisor to Aetna’s Board of Directors. Davis Polk & Wardwell LLP is acting as Aetna’s legal advisor.

Joint Conference Call and Webcast

CVS Health and Aetna will be holding a joint conference call for the investment community tomorrow, December 4, at 8:30 a.m. ET. To access the call, please dial (800) 926-4425 (in the U.S. or Canada) or (212) 231-2913 (internationally). A replay of the call will be available as soon as practicable following the end of the call until 11:00 a.m. ET on Wednesday, January 3, 2018, by dialing (800) 633-8284 (in the U.S. or Canada) or (402) 977-9140 (internationally), and entering reservation number 21876084. An audio webcast of the call will be broadcast simultaneously for all interested parties through the Investor Relations section of the CVS Health website at http://investors.cvshealth.com as well as Aetna’s Investor Information website at www.aetna.com/investor. This webcast will be archived and available on these websites for a one-year period following the conference call.

About CVS Health

CVS Health is a pharmacy innovation company helping people on their path to better health. Through its 9,700 retail locations, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with nearly 90 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan, the company enables people, businesses and communities to manage health in more affordable and effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

About Aetna

Aetna is one of the nation’s leading diversified health care benefits companies, serving an estimated 44.6 million, at September 30, 2017, people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities, Medicaid health care management services, workers’ compensation administrative services and health information technology products and services. Aetna’s customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com and learn about how Aetna is helping to build a healthier world@AetnaNews

Cautionary Statement Regarding Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 (the “Reform Act)” provides a safe harbor for forward-looking statements made by or on behalf of CVS Health or Aetna. This communication may contain forward-looking statements within the meaning of the Reform Act. You can generally identify forward-looking statements by the use of forward-looking terminology such as “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “evaluate,” “expect,” “explore,” “forecast,” “guidance,” “intend,” “likely,” “may,” “might,” “outlook,” “plan,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “view,” or “will,” or the negative thereof or other variations thereon or comparable terminology. These forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond CVS Health’s and Aetna’s control.

Statements in this communication regarding CVS Health and Aetna that are forward-looking, including CVS Health’s and Aetna’s projections as to the closing date for the pending acquisition of Aetna (the “transaction”), the extent of, and the time necessary to obtain, the regulatory approvals required for the transaction, the anticipated benefits of the transaction, the impact of the transaction on CVS Health’s and Aetna’s businesses, the expected terms and scope of the expected financing for the transaction, the ownership percentages of CVS Health’s common stock of CVS Health stockholders and Aetna shareholders at closing, the aggregate amount of indebtedness of CVS Health following the closing of the transaction, CVS Health’s expectations regarding debt repayment and its debt to capital ratio following closing of the transaction, CVS Health’s and Aetna’s respective share repurchase programs and ability and intent to declare future dividend payments, the number of prescriptions used by people served by the combined companies’ pharmacy benefit business, the synergies from the transaction, and CVS Health’s, Aetna’s and/or the combined company’s future operating results, are based on CVS Health’s and Aetna’s managements’ estimates, assumptions and projections, and are subject to significant uncertainties and other factors, many of which are beyond their control. In particular, projected financial information for the combined businesses of CVS Health and Aetna is based on estimates, assumptions and projections and has not been prepared in conformance with the applicable accounting requirements of Regulation S-X relating to pro forma financial information, and the required pro forma adjustments have not been applied and are not reflected therein. None of this information should be considered in isolation from, or as a substitute for, the historical financial statements of CVS Health and Aetna. Important risk factors related to the transaction could cause actual future results and other future events to differ materially from those currently estimated by management, including, but not limited to: the timing to consummate the proposed transaction; the risk that a regulatory approval that may be required for the proposed transaction is delayed, is not obtained or is obtained subject to conditions that are not anticipated; the risk that a condition to closing of the proposed transaction may not be satisfied; the ability to achieve the synergies and value creation contemplated; CVS Health’s ability to promptly and effectively integrate Aetna’s businesses; and the diversion of and attention of management of both CVS Health and Aetna on transaction-related issues.

In addition, this communication may contain forward-looking statements regarding CVS Health’s or Aetna’s respective businesses, financial condition and results of operations. These forward-looking statements also involve risks, uncertainties and assumptions, some of which may not be presently known to CVS Health or Aetna or that they currently believe to be immaterial also may cause CVS Health’s or Aetna’s actual results to differ materially from those expressed in the forward-looking statements, adversely impact their respective businesses, CVS Health’s ability to complete the transaction and/or CVS Health’s ability to realize the expected benefits from the transaction. Should any risks and uncertainties develop into actual events, these developments could have a material adverse effect on the transaction and/or CVS Health or Aetna, CVS Health’s ability to successfully complete the transaction and/or realize the expected benefits from the transaction. Additional information concerning these risks, uncertainties and assumptions can be found in CVS Health’s and Aetna’s respective filings with the SEC, including the risk factors discussed in “Item 1.A. Risk Factors” in CVS Health’s and Aetna’s most recent Annual Reports on Form 10-K, as updated by their Quarterly Reports on Form 10-Q and future filings with the SEC.

You are cautioned not to place undue reliance on CVS Health’s and Aetna’s forward-looking statements. These forward-looking statements are and will be based upon management’s then-current views and assumptions regarding future events and operating performance, and are applicable only as of the dates of such statements. Neither CVS Health nor Aetna assumes any duty to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, as of any future date.

No Offer or Solicitation

This communication is for informational purposes only and not intended to and does not constitute an offer to subscribe for, buy or sell, the solicitation of an offer to subscribe for, buy or sell or an invitation to subscribe for, buy or sell any securities or the solicitation of any vote or approval in any jurisdiction pursuant to or in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.

Additional Information and Where to Find It

In connection with the proposed transaction between CVS Health and Aetna, CVS Health and Aetna will file relevant materials with the Securities and Exchange Commission (the “SEC”), including a CVS Health registration statement on Form S-4 that will include a joint proxy statement of CVS Health and Aetna that also constitutes a prospectus of CVS Health, and a definitive joint proxy statement/prospectus will be mailed to stockholders of CVS Health and shareholders of Aetna. INVESTORS AND SECURITY HOLDERS OF CVS HEALTH AND AETNA ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the registration statement and the joint proxy statement/prospectus (when available) and other documents filed with the SEC by CVS Health or Aetna through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by CVS Health will be available free of charge within the Investors section of CVS Health’s Web site at http://www.CVSHealth.com/investors or by contacting CVS Health’s Investor Relations Department at 800-201-0938. Copies of the documents filed with the SEC by Aetna will be available free of charge on Aetna’s internet website at http://www.Aetna.com or by contacting Aetna’s Investor Relations Department at 860-273-8204.

Participants in Solicitation

CVS Health, Aetna, their respective directors and certain of their respective executive officers may be considered participants in the solicitation of proxies in connection with the proposed transaction. Information about the directors and executive officers of CVS Health is set forth in its Annual Report on Form 10-K for the year ended December 31, 2016 (“CVS Health’s Annual Report”), which was filed with the SEC on February 9, 2017, its proxy statement for its 2017 annual meeting of stockholders, which was filed with the SEC on March 31, 2017, and its Current Report on Form 8-K, which was filed with the SEC on May 12, 2017. Information about the directors and executive officers of Aetna is set forth in its Annual Report on Form 10-K for the year ended December 31, 2016 (“Aetna’s Annual Report”), which was filed with the SEC on February 17, 2017, its proxy statement for its 2017 annual meeting of shareholders, which was filed with the SEC on April 7, 2017 and its Current Reports on Form 8-K, which were filed with the SEC on May 24, 2017 and October 2, 2017. Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available.

1 Based on 5-day Volume Weighted Average Price ending December 1, 2017 of $74.21 per share.

Contacts:

IR contact:
CVS Health
Mike McGuire
401.770.4050
Michael.Mcguire@CVSHealth.com

Media contact:
CVS Health:
Carolyn Castel
401.714.6904
Carolyn.Castel@CVSHealth.com

IR contact:
Aetna
Joe Krocheski
860.273.0896
krocheskij@aetna.com

Media contact:
Aetna
T.J. Crawford
212.457.0583
crawfordt2@aetna.com

SOURCE: CVS Health

Inditex marks the tenth anniversary of Jeunes programme

Inditex marks the tenth anniversary of Jeunes programme

 

  • The chairman and CEO of Inditex, Pablo Isla, met today with representatives of the various editions of the French programme in Paris, the city where this initiative took off 10 years ago, and told them that “we feel particularly proud of the example you give and the value we are generating together for the community and society”
  • The initiative is called ‘Jeunes’ in France and ‘Salta’ in the other 10 countries in which it operates in collaboration with 40 charities and NGOs and aims at training and providing work to groups of people who otherwise would have great difficulty entering the workplace

Arteixo, Spain, 2017-Dec-04 — /EPR Retail News/ — The chairman and CEO of Inditex, Pablo Isla, met in Paris with ‘graduates’ of the various editions of the Jeunes programme to mark the endeavour’s tenth anniversary. The initiative was set up in France a decade ago with the aim of training and providing in-store work experience to people at risk of social exclusion due to serious difficulties in accessing the job market.

Pablo Isla told the representatives that “all of us here at the Inditex Group feel particularly proud of the example you give”. He recalled the scope for internal promotion within the Group, adding “we are very pleased with the innovative nature of this programme and the value we are generating together for the community and society”.

The event was attended by all of the members of the last group of participants and representatives from the prior 20 groups who came together celebrate the tenth anniversary of this programme which to date has given work to 780 beneficiaries across the Group’s stores, factories and logistics centres; 67% of these youths are still working at the company and 7% have already been promoted.

The project was created in Paris in 2008 under the name Jeunes (Youths) and has since been rolled out in 11 other cities under the name of Salta (Leap): Barcelona, Madrid, Paris, Milan, Athens, Hamburg, Warsaw, London, Lisbon, Mexico City, São Paulo and New York.

1,259 company employees have participated in the project over the last decade as volunteers, teachers, tutors or mentors. The endeavour has also boasted the participation of celebrities such as the French football side’s coach Raymond Domenech, the former cyclist Bernard Hinault, the mountain climber Edurne Pasaban, the painter Lita Cabellut and the dancer Nadia Adame, all of whom shared their tough experiences and how they overcame them with the participants. More than 40 charities and NGOs also collaborate with the initiative, helping with the selection process, as well as with the training and subsequent monitoring of the participants once on the job.

Contribution to community well-being

Salta is one of several initiatives which Inditex pursues under the umbrella of its community investment strategy, which is articulated mainly around education, community well-being and humanitarian aid programmes. These economic regeneration, humanitarian and educational projects benefitted 1.1 million people last year, underpinned by €40 million of investment.

Inditex collaborates with 367 non-profit entities to tackle different shared projects that the latter spearhead on the ground. The idea is to work together to further society’s development. In the past year, the Group assisted with 519 projects.

Contact:

Tlf: +34 981 185 400
Fax: +34 981 185 544
comunicacion@inditex.com

Source: Inditex

###

Gap launches limited-edition collection for GapKids created with Sarah Jessica Parker

COLLECTION WILL BE AVAILABLE TO CUSTOMERS IN STORES AND ONLINE IN SPRING 2018

NEW YORK, 2017-Dec-04 — /EPR Retail News/ — Gap announced today (12/01/2017) a new limited-edition collection created for GapKids with actor and former Gap campaign star Sarah Jessica Parker. The collection is expected to be available for purchase to customers Spring 2018 through Gap online and GapKids stores in select countries including United States, Canada, United Kingdom, France, Italy, Greater China, Hong Kong and Japan.

About Gap

Gap is one of the world’s most iconic apparel and accessories brands and the authority on American casual style.  Founded in San Francisco in 1969, Gap’s collections are designed to build the foundation of modern wardrobes – all things denim, classic white shirts, khakis and must-have trends.  Beginning with the first international store in London in 1987, Gap continues to connect with customers online and across the brand’s about 1,600 company-operated and franchise retail locations around the world. Gap includes Women’s and Men’s apparel and accessories, GapKids, babyGap, GapMaternity, GapBody and GapFit collections.  The brand also serves value-conscious customers with exclusively-designed collections for Gap Outlet and Gap Factory Stores.  Gap is the namesake brand for leading global specialty retailer, Gap Inc. (NYSE: GPS) which includes Gap, Banana Republic, Old Navy, Athleta, Intermix and Weddington Way. For more information, please visit www.gapinc.com.

About Sarah Jessica Parker

Sarah Jessica Parker is the star and executive producer of “Divorce,” which will return for a second season early next year. In February 2014, she launched “SJP by Sarah Jessica Parker”, a footwear, apparel and accessory label, with partner George Malkemus III.  The collection showcases the brand’s theme of colors acting as neutrals and encourages women to take risks and break away from fashion rules they imagine. Parker currently serves as the Vice-Chairman of the board of directors for the New York City ballet. She also served on the President’s Committee on the Arts and the Humanities under the Obama administration. Parker lives with her husband and three children in New York City. ​

MEDIA CONTACT:
press@gap.com

SOURCE: Gap Inc.

Russian food retailer X5 opens its first Karusel hypermarket in Klin, Moscow region

Klin, 2017-Dec-04 — /EPR Retail News/ — X5 Retail Group N.V. (“X5” or the “Company”), a leading Russian food retailer (LSE ticker: “FIVE”), announces the opening of its first Karusel hypermarket in Klin, Moscow region.

The new store, boasting a sales area of around 4,200 sq m, is located in a stand-alone building near Leningradskoe Highway at 9 Pobedy St.

The hypermarket offers 19,000 SKUs. Karusel cooperates closely with domestic suppliers: 90% of its food products are manufactured in Russia. The store’s suppliers include Moscow region producers, such as the Klinsky Bread Baking Complex, Shelkovohleb, Dedovsky Khleb, the Elinar-Broiler Poultry Farm and CHERKIZOVO Trading House.

The Karusel hypermarket features a wide range of products prepared in-store. Its bakery makes delicious fresh tandoor flatbreads and pizza. In addition to the standard menu items, the store cooks will take customised orders.

With 24 checkouts, this Karusel store will have a high throughput even during peak hours. The new hypermarket helped create over 170 new jobs.

X5 operates 11 Karusel hypermarkets in the Moscow region.

Karusel hypermarkets are one-stop shops for a variety of reasonably priced products. In addition to affordable prices, Karusel offers discounts for pensioners (5% from opening until 1 pm) and frequent shoppers (Karusel loyalty cardholders), as well as seasonal sales and special promotions.

For further details please contact:
Maxim Novikov
Head of Investor Relations
Tel.: +7 (495) 502-9783
e-mail: Maxim.Novikov@x5.ru

Andrey Vasin
Investor Relations Officer
Tel.:+7 (495) 662-88-88 ext. 21-456
e-mail: Andrey.Vasin@x5.ru

SOURCE: X5 Retail Group N.V.

National Influenza Vaccination Week: CVS Health encourages families to get their flu shots in preparation for peak flu season

WOONSOCKET, R.I., 2017-Dec-01 — /EPR Retail News/ — CVS Health (NYSE: CVS) is encouraging families to get their flu shots during National Influenza Vaccination Week (Dec. 3-9) in preparation for peak flu season. A recent survey released by CVS Health found that nearly two-thirds (61 percent) of Americans get a flu vaccine every year, or plan to get one this year. The Centers for Disease Control and Prevention (CDC) established National Influenza Vaccination Week (NIVW) in 2005 to remind people to get vaccinated through the busy holiday season and into the new year, when cases of the flu typically increase.

According to the CDC, only about 40 percent of the U.S. population reported having been vaccinated by the end of November last year. “National Influenza Vaccination Week is a great reminder to make time during the busy holiday season to get your annual flu shot,” said Papatya Tankut, Vice President of Pharmacy Affairs at CVS Health. “With many people gathering for the holidays and flu activity beginning to increase, getting vaccinated will help ensure a healthier holiday for you and your loved ones.”

The flu vaccine is the most effective way to prevent the flu and is considered a preventive service under the Affordable Care Act. The vaccine is fully covered and available at no cost through most insurance plans. With more than 9,700 CVS Pharmacy stores and 1,100 walk-in MinuteClinic locations accepting most insurance plans, CVS Health has made vaccinations quick, easy and accessible for patients.

This year’s flu survey sheds light on the increasing number of factors families consider when deciding where, when, and how to get vaccinated. Among those who have ever received a flu vaccine, the top considerations on where to receive the vaccine include convenience (37%), doctor recommendations (36%) and where insurance is accepted (35%).

The survey also revealed that nearly two in three (65 percent) employed Americans would still go to work even if they were feeling ill with flu-like symptoms.

“The influenza virus is highly contagious and can be easily spread through a workplace environment through direct contact with co-workers or infected surfaces,” said Angela Patterson, Chief Nurse Practitioner Officer at MinuteClinic. “Influenza infection can have potentially serious effects and getting vaccinated is vital to staying healthy, especially when working alongside co-workers who may have already contracted the virus.”

Getting the flu shot protects you and those around you who may be more vulnerable to serious flu illness, like babies and young children, older people, and people with certain chronic health conditions. With seasonal flu outbreaks beginning as early as October and lasting as late as May, it is not too late to get a flu shot as it is the best defense against getting the flu.

Flu shots are available seven days a week, with no appointment necessary at CVS Pharmacy and MinuteClinic locations nationwide, including locations inside select Target stores.1 Consumers can easily find the store closest to them using CVS.com or the CVS Pharmacy app, and for those patients planning to go to MinuteClinic for their flu shot, location information and current wait times can be found on the CVS Pharmacy app or MinuteClinic.com.

In addition, customers will receive a $5 off $25 coupon when they get a flu shot at CVS Pharmacy or MinuteClinic. Patients who receive a flu shot at CVS Pharmacy or MinuteClinic locations inside select Target stores will receive a $5 Target coupon.2

About CVS Health
CVS Health is a pharmacy innovation company helping people on their path to better health. Through its more than 9,700 retail locations, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with nearly 90 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan, the company enables people, businesses and communities to manage health in more affordable and effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

1 Flu shots are available when immunizing pharmacist, MinuteClinic nurse practitioner or physician assistant is on duty, while supplies last. Age restrictions apply. Vaccinations vary by state based on regulations. Age restrictions apply.

2 Offer is not valid in the state of AR, HI, NY and NJ. $5 of $25 CVS Pharmacy coupon is not available at MinuteClinic locations in MA, PA and RI. Normal ExtraCare purchase restrictions apply for $5 of $25 CVS Pharmacy coupon. Terms and conditions are applied to coupon. See coupon for details. $5 Target coupon cannot be issued in AR, HI, NJ, and NY and is not available at MinuteClinic locations in MA, PA and RI. Coupon valid for Target merchandise only. Offer available only at CVS Pharmacy and MinuteClinic locations in Target from 8/14/17 through 3/31/18. Limit one per customer.

Media Contact:
Amy Lanctot
CVS Pharmacy
T: 401-770-2931
E: Amy.Lanctot@CVSHealth.com

SOURCE: CVS Health

CVS Health survey: majority of Americans agree that the health care system is in need of reform

WOONSOCKET, R.I., 2017-Dec-01 — /EPR Retail News/ — Results of a new national survey from CVS Health (NYSE: CVS) released today (November 30, 2017) found that over half (56 percent) of Americans say the U.S. health care system does not work well for them, while overwhelming majorities agree the system is in need of reform (73 percent) and is currently too politicized (69 percent).

The State of Health Care in the United States.
Of those Americans frustrated by the current state of U.S. health care, 65 percent say it is too expensive, and the affordability of health care, health insurance and prescription drugs top the list of Americans’ most urgent concerns.

The results of the national survey of 2,201 adults, conducted online by Morning Consult on behalf of CVS Health in October 2017 and released at the Forbes Health Care Summit, also found that more Americans (41 percent) believe health care in the U.S. has generally gotten worse rather than improved over the past five years. However, when it comes to their personal experience, a plurality say their own health care has largely not changed, and a larger share of Americans say it has gotten better (28 percent) than who say it has gotten worse (23 percent).

Despite generally negative views of health care in the United States, a vast majority of insured respondents (83 percent) say they are somewhat or very satisfied with their health plans. However, nearly a third report that they did not have a choice in the health plan that was offered to them.

At the same time, respondents of the survey are hopeful about the health care system’s future state, particularly for the next generation of Americans. This sentiment is particularly strong among American parents of whom 52 percent say they are optimistic their children will have better health care than they did at their age. They point to innovation as the reason, with 65 percent who say advances in health care will make lives safer and 66 percent who say advances will make lives longer.

However, the survey reveals limits to Americans’ optimism as a skeptical public questions whether effective health care reform will eliminate regulatory barriers to innovation and put patients first. According to the survey, a plurality of Americans (45 percent) feel there is too much regulation in the way of innovation in health care. Furthermore, three out of five Americans say decisions made in health care put the bottom line ahead of patients, whereas only one in five say that either decisions put patients first or they are at least considered equally with the bottom line.

“While we see significant frustration in this poll with the cost and quality of healthcare, there is a sense of hope among Americans about the future,” said CVS Health Chief Medical Officer Troyen A. Brennan, M.D., M.P.H. “These findings underscore a challenging set of pain points in the system which should serve as a catalyst for all players in health care patients, providers, payors and policymakers to work together to pursue the necessary reforms and innovations that improve quality and affordability and make a complex system easier to navigate for a more empowered health care consumer.”

The full set of survey results is available at www.cvshealth.com/stateofhealthcare.

Survey Methodology

This survey was conducted online within the United States between October 19-23, 2017 among 2,201 adults aged 18+ by Morning Consult on behalf of CVS Health. Results from the survey have a margin of error of 2%.

About CVS Health

CVS Health is a pharmacy innovation company helping people on their path to better health. Through its 9,700 retail locations, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with nearly 90 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan, the company enables people, businesses and communities to manage health in more affordable and effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

Media Contact:

Joe Goode
401-770-9820
Joseph.Goode@CVSHealth.com

SOURCE: CVS Health

CVS Health offers Meningitis B vaccines to students, faculty and staff at UMass Amherst

WOONSOCKET, R.I., 2017-Dec-01 — /EPR Retail News/ — CVS Health (NYSE: CVS) is offering Meningitis B vaccines to students, faculty and staff at UMass Amherst, in response to two confirmed cases of Meningitis B on campus. CVS Pharmacy stores and MinuteClinic walk-in medical clinics have vaccines available to protect patients against the disease.

The Centers for Disease Control and Prevention (CDC) determined that the strains of the meningococcal bacteria that caused both student’s infections are closely related, meaning there may be an increased risk of the disease for other undergraduates on campus. UMass Amherst students who have not been vaccinated are encouraged to get vaccinated. In addition, anyone who has had close contact with a person who has been diagnosed with a meningococcal illness, as well as faculty and staff who have conditions such as asplenia, a complement deficiency, or sickle cell anemia, should also receive the vaccine.

Meningitis B vaccines are fairly new and most college students have not received the vaccine previously. All college students are required to receive a vaccine that protect against four other strains of the meningococcal disease (A, C, W, and Y), but that vaccine does not protect against B, which is the cause of the current infections at UMass Amherst.

Vaccination is the most effective way to protect people from meningococcal infection and CVS Pharmacy and MinuteClinic will be offering the Meningitis B vaccine at the following locations1:

  • 165 University Drive, Amherst, MA 01002 (MinuteClinic also available)
  • 76 North Pleasant Street, Amherst, MA 01002
  • 367 Russell Street, Hadley, MA 01035 (Located inside Target)
  • 366 King Street, Northampton, MA 01060 (MinuteClinic also available)
  • 90 Main Street, Northampton, MA 01060
  • 70 West State Street, Granby, MA 01033
  • Crystal Springs Plaza, 151 North Main Street, Belchertown, MA 01007
  • Route 10, 118 Northampton Street, Easthampton, MA 01027
  • 1616 Memorial Drive, Chicopee, MA 01020
  • 400 Beech Street, Holyoke, MA 01040
  • 1176 Granby Road, Chicopee, MA 01020
  • 451 Center Street, Ludlow, MA 01056
  • 250 Whiting Farms Road, Holyoke, MA 01040
  • 50 Holyoke Street, Holyoke, MA 01040 (Located inside Target)
  • 1990 Boston Road, Wilbraham, MA 01095

All CVS Pharmacy locations can order doses of the vaccine upon request and have it available the next day. Pharmacy and medical clinic staff can assist patients in determining whether the vaccine is covered by their insurance plan.

“Immunizations are an important part of preventive care and a critical way to prevent serious diseases, like Meningitis B,” said Tobias Barker, M.D., Chief Medical Officer of MinuteClinic. “Our CVS pharmacists and MinuteClinic nurse practitioners are ready to provide meningitis vaccinations to the UMass Amherst community, and can help ensure that patients stay up to date on vaccinations in the future.”

No appointment is needed to receive a meningitis vaccination. Patients should bring both their health insurance and prescription insurance cards.

About CVS Health
CVS Health is a pharmacy innovation company helping people on their path to better health. Through its 9,700 retail locations, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with nearly 90 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan, the company enables people, businesses and communities to manage health in more affordable and effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com/.

Media Contact:
CVS Health
Amy Lanctot
(401) 770-2931
Amy.Lanctot@CVSHealth.com

1 Vaccines are available when an immunizing pharmacist or MinuteClinic nurse practitioner is on duty, while supplies last.

SOURCE: CVS Health

Iceland supports Greenpeace’s call for the Government to impose bottle Deposit Return Scheme

London, 2017-Dec-01 — /EPR Retail News/ — Iceland fully supports Greenpeace’s call for the Government to impose a bottle DepositReturn Scheme (DRS).

Richard Walker, Director for Sustainability at Iceland Foods, said: “Every minute, a truckload of plastic waste enters our oceans. In Britain, we are failing to recycle up to 16 million single use plastic bottles every day.

“This cannot carry on. It is causing untold damage to our oceans and wildlife. It is also a ticking time bomb for humanity, since we all ultimately depend on a healthy ocean environment for our own survival.

“Deposit Return Schemes work. In Norway theirs has led to 96% of all bottles being returned, with similar results in other countries that have adopted a DRS. Britain urgently needs to do the same.

“Introducing a DRS may well add to our costs of doing business. However, we believe it is a small price to pay for the long term sustainability of this planet. I urge all other retailers to do the right thing and follow suit.”

In addition, Iceland has offered its support by hosting a DRS reverse vending machine within a number of its stores for the Government to trial.

About Iceland Foods
Iceland is recognised as the leader in frozen food with 900 stores in the UK. The company prides itself on being a convenient and friendly place to do the family’s weekly shop, as well as to meet everyone’s daily top-up shopping needs for fresh, chilled and frozen food and groceries. Since 1970 Iceland has been proudly demonstrating to shoppers just how the Power of Frozen can deliver an extensive choice of high quality, great-tasting food from fine sources around the world at great value prices. With the Power of Frozen at its heart, Iceland naturally generates low levels of food waste. In the 1980s the company led the way in removing artificial colours, flavours and non-essential preservatives from its own label products, while in the 1990s it became the first national food retailer to remove GM ingredients from its own brand range. Its long history of environmental action includes the launch of the Kyoto range of fridges and freezers in partnership with Greenpeace in 1998, and it has recently completed a company-wide conversion to LED lighting to reduce its carbon footprint. Iceland has won multiple awards for the quality of its products and services, including being named Online Supermarket of the Year by both The Grocer and IGD in 2017. It has ranked as one of the UK’s Best Big Companies to Work For in each of the last 11 years, and was number one in both 2012 and 2014.

ENQUIRIES:
Keith Hann
Director of Corporate Affairs
01244 842228 / 07831 521870
kh@keithhann.com

Source: Iceland Foods

Poundland keeps things really simple with its 2017 Christmas TV ad

Willenhall, United Kingdom, 2017-Dec-01 — /EPR Retail News/ — Poundland will tonight unveil its 2017 Christmas TV ad that cost just £65,000 to make and a total of £415,000 once the airtime is bought, compared to the £7 million spent by John Lewis, which equates to a private jet or Birmingham’s most expensive house.

Without the need for animated bears, flying reindeers, CGI monsters or an imagination workshop, Poundland proudly heroes the British public and the £1 Christmas products that keep them returning back to Poundland stores.

The new advert sees two passionate Poundland fans traverse the high-streets of the nation asking shoppers to guess how much the discount retailer’s festive favourites are worth, only to be surprised by the £1 price tag.

Following these real-life revelations, the ad reveals Brits confessions that the festive gifts are such good quality they could pass as competitor ranges, that are double or even triple the price.

From screams of surprise at the Christmas Cushion that looks like it’s worth a tenner to the giggles of delight at the Offensive Mug shoppers would pay £5 for, the commercial demonstrates the discount retailer’s continued ability in championing the customer by bringing the best deals directly to them.

Marketing Controller Mark Pym said: “This is how Poundland do Christmas; real customers talking about real products on the high street with real reactions.

“We like to keep things really simple. We don’t need to spend millions to give savvy shoppers a break from reality, create extra merchandise or use mumbo jumbo language to explain our ads.”

This year’s TV campaign returns tonight with two 20-second and one 30-second slots with even more humour, product surprises and shopper’s surprised reactions at 7.15pm on ITV. Poundland fans can view the trailer, extended cuts and exclusive behind-the-scenes content on the Poundland Facebook page now.

About the Poundland 2017 Christmas commercial

Poundland’s Christmas 2017 commercial was directed by Ben Tongue who studied at Halifax University for the big budget of £415,000 – a mere 6% of the John Lewis budget, and with just as much entertainment. Just like the popular discount retailer, this year’s Christmas commercial from Poundland proves you don’t need to spend a lot for good quality.

About Poundland

From opening its first store in Burton-upon-Trent in 1990, Poundland, has built a network of almost 900 stores in the UK and the Republic of Ireland, offering top brands and great quality own brand products, that provide customers with amazing value every day.

Named Discount Retailer of the Year in 2015, it now has over 18,000 colleagues who serve over seven million customers every week from Wick to Weymouth, Londonderry to Lowestoft and Holyhead to Hastings.

At the 2015 Grocer Gold Awards, Poundland was singled out for Own Label Range of the Year for its Make Up Gallery cosmetics line, symbolic of its promise to customers – thousands of quality products in store with over 1,000 well-known brands in 17 shopping categories including food and drink, health and beauty, household, gardening, DIY, Pet, Stationery, Books, DVDs and Toys. This week Poundland has been shortlisted for the Retail Week’s Best Value Retailer Award 2018.

In 2017 Poundland began to roll out PEP&CO ‘shop-in-shops’ offering customers a full range of women’s, men’s and kids’ fashion.  Already available in over 130 of its stores. PEP&CO is bringing new style to Poundland with simple low pricing on family fashion that’s hard to find on local high streets.  Prices at PEP&CO start at £1 and 95 per cent of the range is under £10.

In September 2016, Poundland became part of the Steinhoff International family an integrated manufacturer and retailer with operations in Europe, Australasia, Africa and the United States.

For further information, please contact the Poundland PR team on 020 3793 3842 or email Poundland@onegreenbean.com

Source: Poundland

Pradera appoints Sabiha Güleç and Sevgi Ocak as Joint Heads of its Turkey office

London, UK, 2017-Dec-01 — /EPR Retail News/ — Pradera, the specialist international retail real estate fund and asset manager, has appointed Sabiha Güleç and Sevgi Ocak as Joint Heads of its Turkey office.

Their primary responsibility will be to oversee the management of Istanbul Cevahir, one of Europe’s largest shopping centres that Pradera manages on behalf of St Martins Management Company. Sabiha and Sevgi have been an integral part of the team that has successfully reconfigured and repositioned the asset in recent years.

Sevgi joined Pradera in 2010, to oversee finance, accounting and reporting. She has over 18 years of industry experience and has worked in the finance departments of multinational businesses from a variety of different sectors. Sabiha joined Pradera in 2007, and was appointed Head of Leasing & Asset Management in 2015.

Sevgi and Sabiha take over from Alison Rehill-Erguven who has been appointed Chief Executive of Pradera Retail Asia, China. However, Alison will continue to oversee Pradera’s Turkish business as Chairman of Pradera Turkey.

David Fletcher, Chief Executive of Pradera, commented: “We are delighted to appoint Sabiha and Sevgi as joint Head of Turkey. Their skills and experience in the country mean they are excellently placed to run the team and provide best in class fund and asset management services for our clients.”

This increasingly global perspective sees Pradera sharing best practice to further improve performance and returns in a €3.3 billion portfolio that now includes 58 shopping centres and retail parks worldwide.

PRESS ENQUIRIES:

James Carnegie, Good Relations Property
+44 20 7861 2573
jcarnegie@goodrelationsproperty.co.uk

Source: PRADERA

Pradera improved its Global Real Estate Sustainability Benchmark results for 2017 across its funds

London, UK, 2017-Dec-01 — /EPR Retail News/ — Pradera, the specialist international retail real estate fund and asset manager, has again demonstrated it is setting the standard for sustainable retail real estate, having significantly improved its Global Real Estate Sustainability Benchmark (GRESB) results for 2017 across three of its funds.

The Pradera funds were analysed as part of the GRESB survey which sets the industry standard for sustainability in real estate portfolios across the world.

In the latest survey, all three Pradera funds were awarded ‘The Green Star’. This is GRESB’s highest award reserved for entities achieving especially high scores for sustainability implementation, measurement, management and policy. Pradera Central & Eastern Fund (PCEF) received The Green Star for the third year in a row largely due to the fact it is fully certified in terms of energy performance and BREEAM In-Use certificates, while Pradera European Retail Fund (PERF) and Pradera European Retail Fund 2 (PERF2) won the accolade for the first time.

PERF delivered the strongest GRESB results, with a 30 per cent increase on the previous year, while PERF2 and PCEF strengthened their environmental achievements by 29 per cent and 20 per cent, respectively.  PERF and PERF2 were recognised for their outperformance in tenant engagement programmes involving sustainability. Tenant survey results covering operational and asset management aspects from Pradera’s Parc Valles Centre on the outskirts of Barcelona also contributed to PERF winning The Green Star for the first time.

Alison Rehill-Erguven, Head of Sustainability at Pradera, said: “We are wholly committed to sustainability at Pradera and these excellent results reflect the hard work of our on the ground asset management teams. As evidenced by the awards, we have made significant progress on the Environmental Management System as well as further implemented LED lighting and water conservation programmes and recycling initiatives.

“In addition, Pradera rolled-out sustainability workshops for property managers and our local asset management teams have further strengthened links within our communities by building awareness of healthy lifestyle.  As part of our long-term strategy, we have created more bicycle stations at our assets to promote environmentally friendly transport options and helped to reduce greenhouse gas emissions and air-pollution.”

Pradera has participated in the annual GRESB survey since 2011 and on an overall historic basis it has improved its results for all funds combined by 192 per cent since 2012 demonstrating its environmental responsibility and active involvement in sustainability issues. This year over 850 entities participated in the survey. The analysis process covered approximately 77,000 real estate assets across 62 countries on six continents.

It is a busy time for fast growing Pradera, following a significant minority investment in the business by multi-family office LJ Partnership in April 2016. That deal signalled Pradera’s plans to expand and take its trusted platform into untapped segments of the retail property market and new geographies.

Pradera has since launched the Pradera European Retail Parks fund and established Pradera Retail Asia, a joint venture with Macquarie Retail Real Estate Management Limited (MIRA). It manages four retail properties in China in Shanghai, Chongqing, Qingdao, Xi’an and Shanghai, with a total gross leasable area (GLA) of 200,000 sqm. This increasingly global perspective sees Pradera sharing best practice to further improve performance and returns in a €3.3 billion portfolio that now includes 58 shopping centres and retail parks worldwide.

PRESS ENQUIRIES:

James Carnegie, Good Relations Property
+44 20 7861 2573
jcarnegie@goodrelationsproperty.co.uk

Source: PRADERA

Kum & Go opens the doors to its newest store in Muscatine, Iowa

New store on Cedar Street features fresh food and a variety of fuel options

Muscatine, IA, 2017-Dec-01 — /EPR Retail News/ — Kum & Go opens the doors Thursday, November 30, at 6 a.m. to its newest store in Muscatine, Iowa, at 416 Cedar Street. The 6,200+-square foot store will focus on fresh food and features a variety of unique offerings. To help encourage customers to try those offerings, the first 200 customers will receive a coupon for a free breakfast sandwich or donut!

A key feature of the store is an expanded and open food preparation area that customers can see from the moment they enter. Other location features include:

  • Elevated food experience with Kum & Go’s “Go Fresh Market”
  • Open kitchen layout, clear aisles and easy-to-navigate zones
  • Expansive beer cave
  • Seating inside and patio seating outside
  • Custom Ampersand sculpture celebrating the sights and attractions of the Muscatine community
  • Complimentary Wi-Fi and charging stations for customers
  • Design using energy efficient and sustainable design practices

“This footprint represents everything that Kum & Go strives to be for our associates and for our customers,” said Kum & Go president and CEO Kyle J. Krause. “This is the evolution of our brand promise and business approach. Now customers can truly experience the “more” that we provide.”

The store will be open 24 hours a day. The phone number to the store is 563-263-2806. The phone number to the food area is 563-263-2694.

There are three Kum & Go stores in Muscatine. Kum & Go operates 133 stores in the state of Iowa.

About Kum & Go, L.C.

For nearly 60 years, Kum & Go has been dedicated to the communities it serves, sharing 10 percent of its profits with charitable causes. For four generations the family-owned convenience store chain has focused on providing exceptional service and delivering more than customers expect. Established in Hampton, Iowa, in 1959, the chain has since grown to employ more than 5,000 associates in more than 400 stores in 11 states (Iowa, Arkansas, Colorado, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oklahoma, South Dakota and Wyoming)

MEDIA CONTACT:
Kristie Bell
Director of Communications
Kum & Go
kristie.bell@kumandgo.com
515-457-6266 (office)

Source: Kum & Go

RUSSIA: Lenta announces the opening of its first supermarket in Vladimir region

St. Petersburg, Russia, 2017-Dec-01 — /EPR Retail News/ — Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of the first supermarket in Vladimir region.

The new store is located in Aleksandrov, Vladimir Region at 13 Lenina street. The store has a total area of 778 sq.m with 446 sq.m of selling space and is open from 8 am to 11 pm, seven days a week. A broad product assortment of 3,600 SKUs has been selected specifically for residents of Aleksandrov and includes Lenta’s private labels and federal product ranges alongside local produce. The store has 80 parking spaces and 4 cash registers. The property is leased by Lenta.

This opening in Aleksandrov is Lenta’s twenty ninth supermarket opening in 2017 and brings the total number of Lenta stores to 217 hypermarkets in 79 cities across Russia and 77 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region.

About Lenta
Lenta is the largest hypermarket chain in Russia and the country’s fourth largest retail chain. The Company was founded in 1993 in St. Petersburg. Lenta operates 217 hypermarkets in 79 cities across Russia and 77 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1,298,457 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 40,400 people as of 30 June 20171.

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 
E-mail: pr@lenta.com

NW Advisors
Russian Media
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
E-mail: lenta@nwadvisors.com

FTI Consulting
International Media:
Leonid Fink & Victor Pomichal

Тel: +44 7497 783 705
E-mail: Leonid.Fink@fticonsulting.com
victor.pomichal@fticonsulting.com

Source: Lenta

RUSSIA: Lenta announces the opening of two new supermarkets in Yekaterinburg

St. Petersburg, Russia, 2017-Dec-01 — /EPR Retail News/ — Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of two new supermarkets in Yekaterinburg.

The first store is located at 200 Moskovskaya street. The store has a total area of 1,494 sq.m with 983 sq.m of selling space. The store has 72 parking spaces and 8 cash registers.

The second supermarket is at 3 Kuznetsova street. The store has a total area of 934 sq.m with 389 sq.m. The store has 21 parking spaces and 4 cash registers.

Stores offer a broad product assortment of 7,800 and 3,600 SKUs which has been selected specifically for residents of Yekaterinburg and includes Lenta’s private labels and federal product ranges alongside local produce. Both stores operate from 8 am to 11 pm, seven days a week.The properties are leased by Lenta.

The new openings are Lenta’s twenty seventh and twenty eights supermarket launches in 2017 and bring the total number of Lenta stores to 217 hypermarkets in 79 cities across Russia and 77 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region.

About Lenta
Lenta is the largest hypermarket chain in Russia and the country’s fourth largest retail chain. The Company was founded in 1993 in St. Petersburg. Lenta operates 217 hypermarkets in 79 cities across Russia and 77 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1,298,457 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 40,400 people as of 30 June 20171.

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 
E-mail: pr@lenta.com

NW Advisors
Russian Media
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
E-mail: lenta@nwadvisors.com

FTI Consulting
International Media:
Leonid Fink & Victor Pomichal

Тel: +44 7497 783 705
E-mail: Leonid.Fink@fticonsulting.com
victor.pomichal@fticonsulting.com

Source: Lenta

Lenta appoints Steven Hellman as a non-executive Director

St. Petersburg, Russia, 2017-Dec-01 — /EPR Retail News/ — Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce that Steven Hellman has been appointed as a non-executive Director of Lenta Ltd. with effect from 1st December, 2017.

Steven Hellman is the former Regional Chief Executive Officer of Credit Suisse for Russia and the CIS, a position he held from 2010 to 2016, during which period he advised Lenta in connection with its initial public offering and other corporate finance and strategic matters. From 2007 to 2010, Steven was Managing Director and head of Client Coverage for Credit Suisse Moscow. In a career spanning more than 25 years, he has worked with various global organizations as a business manager and as an investment banking and legal services professional in the United States, the United Kingdom and Russia/CIS across a broad range of industries, including food retail.

Steven has served on the boards of numerous Russian companies and is currently a director of FESCO Transportation Group and of TransContainer PJSC.

He graduated from the University of California, Berkeley with a Bachelor of Arts degree in Soviet Studies (1986) and a Juris Doctor degree (1989).

Steven Hellman will serve as one of three nominees of TPG on the Board of Directors, taking the place of Stephen Peel, who is resigning from the Board to launch a new private equity fund. Stephen Peel has served as a non-executive Director of Lenta Ltd. since 2011.

Lenta’s Chairman, John Oliver, commented:
“I am delighted that Steven Hellman has agreed to join the Lenta Board. The Company will benefit from his extensive Russian and international experience across diverse industries. He has been involved with Lenta since before the Company’s IPO, so he already knows the company and Russian food retail sector well.

On behalf of the Board I would also like to thank Stephen Peel for his contribution to Lenta’s development over the course of his 6-year tenure. We wish him success in his new endeavour.”

About Lenta
Lenta is the largest hypermarket chain in Russia and the country’s fourth largest retail chain. The Company was founded in 1993 in St. Petersburg. Lenta operates 217 hypermarkets in 79 cities across Russia and 77 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1,298,457 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 40,400 people as of 30 June 20171.

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
E-mail: pr@lenta.com
NW Advisors
Russian Media:
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
E-mail: lenta@nwadvisors.com

FTI Consulting
International Media:
Leonid Fink
Тel: +44 7497 783 705
E-mail: Leonid.Fink@fticonsulting.com

Source: Lenta

Dunkin’ Donuts serves up free coffee on weekdays from December 1st through December 20th

Dunkin’ Donuts serves up free coffee on weekdays from December 1st through December 20th

 

  • On weekdays from December 1st through December 20th, select U.S. Dunkin’ Donuts restaurants
  • will each offer up to 500 guests free medium hot coffees
  • In each “Brewing Joy” market, local Dunkin’ Donuts franchisees will donate $1,000 to organizations helping bring joy to sick or hungry kids

CANTON, MA, 2017-Dec-01 — /EPR Retail News/ — For the second year in a row, Dunkin’ Donuts is saying thank you to its guests and local communities by brewing a little extra joy for the holiday season with free coffee through its “Brewing Joy” program. On weekdays between Monday, December 1 and Wednesday, December 20, at least one Dunkin’ Donuts restaurant somewhere in the U.S. will serve up to 500 free medium-sized cups of its signature hot coffee. Dunkin’ Donuts is bringing the “Brewing Joy” program to approximately 40 Dunkin’ Donuts restaurants in December.

Additionally, in each market where a Dunkin’ Donuts restaurant is “Brewing Joy” with free coffee, area franchisees will donate $1,000 to a local organization aligned with the Joy in Childhood Foundation’s mission to bring joy to children whose lives are affected by health issues or hunger. In total, Dunkin’ Donuts franchisees will donate more than $25,000 to local organizations through the “Brewing Joy” program.

The “Brewing Joy” program kicks off December 1 at perhaps the most appropriate Dunkin’ Donuts restaurant in the U.S., in Mount Joy, Pennsylvania. The full schedule of participating Dunkin’ Donuts locations hosting “Brewing Joy” events can be found on the brand’s blog.

According to Tony Weisman, Chief Marketing Officer, Dunkin’ Donuts U.S., “We put the word ‘Joy’ on our holiday cups each year to represent the gratitude, giving and cheer that marks the season. In that same spirit, we are celebrating our guests by serving free coffees in select stores across the country and giving back to our local communities through our second annual ‘Brewing Joy’ program.”

Dunkin’ Donuts earlier this season also introduced two sweet deals to bring further joy throughout the holiday season. Now through the end of the year, Dunkin’ Donuts’ signature Hot Chocolate is available for only $1.99 for a medium or larger sized cup*. Dunkin’ Donuts’ packaged coffee is also available at participating Dunkin’ Donuts restaurants nationwide for the special price of three pounds for $19.99**.

Dunkin’ Donuts’ holiday menu includes the new Frosted Sugar Cookie Donut, new Gingerbread Cookie Donut, Snowflake Sprinkle Donut and Snowflake Sprinkle MUNCHKINS®. For coffee lovers, the returning holiday flavors include Peppermint Mocha and Brown Sugar Cinnamon. Both coffee flavors are available for a limited time hot or iced, including lattes, macchiatos and Frozen Dunkin’ Coffee. This holiday season, Dunkin’ cups once again feature a festive design and the simple word, “Joy” to convey the happiness and spirit of the season. Learn more about the innovation behind the brand’s holiday lineup on the Dunkin’ Donuts blog here.

To learn more about Dunkin’ Donuts, visit www.DunkinDonuts.com, or subscribe to the Dunkin’ Donuts blog to receive notifications at https://news.dunkindonuts.com/blog.

*Any flavor except for Vanilla Chai

**Plus Applicable Taxes. Single bag or box of coffee at regular price.

About Dunkin’ Donuts

Founded in 1950, Dunkin’ Donuts is America’s favorite all-day, everyday stop for coffee and baked goods. Dunkin’ Donuts is a market leader in the hot regular/decaf/flavored coffee, iced coffee, donut, bagel and muffin categories. Dunkin’ Donuts has earned a No. 1 ranking for customer loyalty in the coffee category by Brand Keys for 11 years running. The company has more than 12,400 restaurants in 46 countries worldwide. Based in Canton, Mass., Dunkin’ Donuts is part of the Dunkin’ Brands Group, Inc. (Nasdaq: DNKN) family of companies. For more information, visit www.DunkinDonuts.com.

About the Joy in Childhood Foundation 
The Joy in Childhood Foundation provides the simple joys of childhood to sick and hungry kids. The Foundation brings together a wide range of stakeholders—including franchisees, crew members, employees, partners and guests —and partners with food banks, children’s hospitals, and nonprofit organizations directly committed to serving sick and hungry kids to fund joyful environments, joyful experiences and joyful expressions to ensure that children whose lives are compromised by hunger or sickness have the support and essential services to find joy in their daily lives. Since launching in 2006, the Joy in Childhood Foundation (formerly The Dunkin’ Donuts & Baskin-Robbins Community Foundation), has granted more than $14 million to hundreds of national and local charities across the country.

MEDIA CONTACT:

Justin Drake
Phone: 781-737-5200
Email: justin.drake@dunkinbrands.com

Source: Dunkin’ Donuts

###

Bon-Ton Family Of Stores will host “Santa Fest” Events on December 2 and December 9

Bon-Ton Family Of Stores will host “Santa Fest” Events on December 2 and December 9

 

  • Bon-Ton Family Of Stores Will Host Photos With Santa During “Santa Fest” Events
  • Free photos with Santa, kids’ crafts, shopping offers and a variety of fun activities

MILWAUKEE, 2017-Dec-01 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (OTCQX: BONT) which operates Bon-Ton, Boston Store, Bergner’s, Carson’s, Elder-Beerman, Herberger’s and Younkers stores brings all things merry and bright to center stage with Santa’s arrival in December.  Children can meet the jolly man in the red suit during a special “Santa Fest” event on Saturday, December 2 and Saturday, December 9 from 11:00 a.m. to 3:00 p.m. in all its department stores.

During this free holiday event, the kid’s department will be transformed into a festive holiday celebration sure to create childhood memories.  Parents can snap photos of their children meeting Santa or have a family photo taken by one of the elves.  Each child can participate in fun activities including making your own reindeer ears, snowflake ornament, holiday greeting card and coloring sheet to take home or give as gifts.

Parents can enjoy checking items off their shopping list while saving an extra 30 percent on their entire regular or sale priced children’s apparel purchases, and 40 percent off the entire stock of FAO Schwarz and Discovery Kids toys throughout the event.  Bon-Ton stores have a large selection of holiday dress wear, playwear, gifts and toys for kids of all ages.

Families are encouraged to post their photos with Santa on social media using hashtag #santafest.  Plus, those who share a photo with their favorite FAO Schwarz toy and post it on Instagram using the hashtags #returntowonder and #bontonstyle will be automatically entered for a chance to win one of three FAO Schwarz prizes totaling over $1750 each.  The grand prize will include the iconic eight-foot giraffe stuffed animal.

About The Bon-Ton Stores, Inc. 
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 260 stores, which includes 9 furniture galleries and four clearance centers, in 24 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves. For further information, please visit thebontonstoresinc.com or the company’s web site at bonton.com. Join the conversation and be inspired by following Bon-Ton on FacebookTwitterInstagram, and Pinterest.

SOURCE: The Bon-Ton Stores, Inc.

###

Office Depot Receives 100 percent on Human Rights Campaign Foundation’s Scorecard on LGBTQ Workplace Equality

BOCA RATON, Fla., 2017-Dec-01 — /EPR Retail News/ — Office Depot, Inc. (NASDAQ:ODP), a leading omnichannel provider of business services, products and technology today (November 30, 2017) announced that it received a perfect 100 percent score on the Human Rights Campaign Foundation’s 2018 Corporate Equality Index (CEI). The CEI is a national benchmarking survey and report on corporate policies and practices related to lesbian, gay, bisexual, transgender and queer (LGBTQ) workplace equality.

“We are proud to be recognized by the Human Rights Campaign Foundation as one of the Best Places to Work for LGBT Equality for the seventh consecutive year,” said Zoë Maloney, senior vice president of human resources for Office Depot, Inc. “Office Depot is committed to an inclusive work environment that values and respects the talents and contributions of every associate. We recruit a workforce that reflects the diversity of the communities we serve, and offer equal opportunities for advancement, encouraging all employees to develop to their full potential.”

The 2018 CEI rated 947 businesses in the report, which evaluates LGBTQ-related policies and practices including non-discrimination workplace protections, domestic partner benefits, transgender-inclusive health care benefits, competency programs and public engagement with the LGBTQ community. Office Depot’s efforts in satisfying all of the CEI’s criteria results in a 100 percent ranking and the designation as a Best Place to Work for LGBTQ Equality.

The Human Rights Campaign Foundation is the educational arm of America’s largest civil rights organization working to achieve equality for lesbian, gay, bisexual transgender and queer people. HRC envisions a world where LGBTQ people are embraced as full members of society at home, at work and in every community.

About Office Depot, Inc.

Office Depot, Inc. is a leading provider of office supplies, business products and services delivered through an omnichannel platform.

The company had 2016 annual sales of approximately $11 billion, employed approximately 38,000 associates, and served consumers and businesses in North America and abroad with approximately 1,400 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization – with a global network of wholly owned operations, franchisees, licensees and alliance partners. The company operates under several banner brands including Office Depot®, OfficeMax®, BizBox, CompuCom®, Complete Office and Grand&Toy®. The company’s portfolio of exclusive product brands include TUL®, Foray®, Brenton Studio®, Ativa®, WorkPro®, Realspace® and Highmark®.

Office Depot, Inc.’s common stock is listed on the NASDAQ Global Select Market under the symbol “ODP.”

Office Depot, Foray, Ativa and Realspace are trademarks of The Office Club, Inc. OfficeMax, TUL, Brenton Studio, WorkPro and Highmark are trademarks of OMX, Inc. CompuCom is a trademark of CompuCom Systems, Inc. and Complete Office is a trademark of Complete Office Solutions, LLC. Grand&Toy is a trademark of Grand & Toy, LLC in Canada. ©2017 Office Depot, Inc. All rights reserved. Any other product or company names mentioned herein are the trademarks of their respective owners.

Contact:
Rebecca Rakitin
561-438-1450
Rebecca.Rakitin@officedepot.com

Source: Office Depot, Inc.

SPAR Austria introducES new organic SPAR enjoy ice tea range

Austria, 2017-Dec-01 — /EPR Retail News/ — After the successful launch of the SPAR enjoy super fruit juice range earlier this year, SPAR Austria has tapped into another beverage trend with the introduction of its new organic SPAR enjoy ice tea range, which comes in various delicious flavour combinations: Turmeric & Ginger, Rooibos & Herbs and Barley & Spearmint. The range is now available in all SPAR, EUROSPAR and INTERSPAR stores across the country.

The ice tea is produced in a small tea factory in Upper Austria, where great attention is given to the quality of ingredients. The 100% carefully selected and harvested organic and Fairtrade herbs and spices include South African rooibos tea, regionally produced herbs, Austrian-grown barley and exotic mint. The unique combination of flavours give SPAR enjoy organic ice tea an incomparably refreshing and delicious taste.

The ice tea range contains only 5.5 grams of organic cane sugar per 100ml. This once again underlines SPAR’s efforts to reduce sugar in its own brand products. Less sugar not only means fewer calories, it also means that one gets a better appreciation of the natural ingredients used.

SPAR Austria’s new ice tea range doesn’t just impress through its unique taste, but also through its environmentally friendly packaging – coming in 330ml glass bottles, which are re-sealable and re-usable.

Read about the SPAR enjoy superfruit juice range launched earlier this year.

About SPAR Austria

The origins of SPAR in Austria date back to 1954 when the first SPAR organisation was established, after being granted the licence to operate the SPAR Brand by SPAR International. The current SPAR AG was created in 1970 when the original founding families joined with other regional wholesalers to form SPAR Austria AG – a 100% privately owned Austrian company.

Contact:

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

Source: Spar International

RIMOWA collaborates with Fendi to design an exceptional suitcase

RIMOWA collaborates with Fendi to design an exceptional suitcase

 

Paris, 2017-Dec-01 — /EPR Retail News/ — To celebrate the 80th anniversary of its iconic aluminum suitcase, RIMOWA has unveiled an exclusive collaboration with Fendi. For the first time, the benchmark in premium luggage has combined its expertise with the savoir-faire of the Roman fashion house to create a unique carry-on case.

This year marks the 80th anniversary of RIMOWA’s emblematic line of aluminum luggage. To mark the event, RIMOWA has teamed with Fendi to design an exceptional suitcase with the Roman fashion house.

RIMOWA stands apart for its unyielding quest for excellence, constant innovation and impeccable craftsmanship. Now, for the first time, RIMOWA has combined its savoir-faire with the inimitable style of Fendi. “RIMOWA stands for design, durability and craftsmanship, and Fendi is the perfect partner with their distinctive DNA and bold creativity,” says Alexandre Arnault, co-CEO of RIMOWA.

The two Maisons have created an aluminum carry-on case with sophisticated Fendi styling details, including the emblematic Fendi double F logo in brushed aluminum that changes perspective in different lighting, as well as a web belt that runs across the case. Fendi’s artisanal savoir-faire is featured in Cuoio Romano leather handles and the black neoprene interior lining, also embossed with the double F logo. The case is a concentrate of RIMOWA innovations too, fitted with the silent Multiwheel® system for optimum maneuverability and the Flex-Divider system for the most efficient possible packing.

“We are thrilled to be the first Maison in the LVMH Group to work with RIMOWA, a world leader in premium luggage. This case expresses the distinctive DNA of both Maisons, resulting in a superb quality contemporary piece for both women and men,” said Pietro Beccari, President and CEO of Fendi.

Contact:

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

Source: LVMH

###

Sainsbury’s partners with etiquette experts Debrett’s for a guide to Christmas gift-giving

Sainsbury’s partners with etiquette experts Debrett’s for a guide to Christmas gift-giving

 

Debrett’s new guide to festive faux pas says a text message thank you isn’t enough; don’t Insta-boast and always bring a bottle for the host – but don’t expect to drink it yourself.

London, 2017-Dec-01 — /EPR Retail News/ — Sainsbury’s has teamed up with etiquette experts Debrett’s to help party-goers through the festive season with a guide to Christmas gift-giving, being the perfect host, and how to win at being a guest.

The guide – alongside research into the worst social faux pas – has highlighted where we’re getting it right (and wrong) over the Christmas period. It has been designed to help the half (56%) of the population who say they feel unsure of festive social etiquette. Generous Britons, millions of whom will gift friends and acquaintances from their hairdressers and postmen to their priests with a bottle of something delicious this Christmas, admit that they feel clueless when it comes to correct gifting protocol.

According to the bastion of British manners, many millions of us will fall foul of what they’ve proclaimed to be etiquette blunders this Christmas: 3 million of us will post pictures of presents to Instagram, 33 million will shun stationery for a text message thank you and 4 million will deconstruct hampers to re-gift their contents.

However, guests will be relieved to know that you “officially” can’t go wrong giving food and drink, as nearly half of those questioned think it’s the safest choice for the widest array of people (49%), and a quarter (23%) say a bottle of booze is their go-to gift for hard-to-buy-for friends and family – above books, clothes, jewelry and electronics. In fact, nearly two thirds (62%) will give an alcoholic gift this Christmas and more than a quarter would like to receive food (27%) or a bottle of drink (29%) over any other gift this Christmas, with posh chocolates and whisky topping their lists.

But, while seven in ten (71%) will follow the guidelines and bring a bottle for their host over Christmas, three quarters who do so (73%) will also expect to drink it. According to Debrett’s, it’s perfectly acceptable for a host to serve a bottle given to them by a guest, but it is the host’s decision to do so so guests musn’t feel offended either way.

Lucy Hume, Associate Director at Debrett’s and author of the guide, said: “Sainsbury’s research shows that many of us are still unsure about the etiquette of giving gifts at Christmas. Thankfully, it might be a whole lot simpler than we think, with the majority of us saying we prefer both to give and to receive items of food or drink. There are still some pointers to bear in mind, however, so we’ve joined forces with Sainsbury’s to help answer those gift-giving dilemmas this Christmas.”

Paul Mills-Hicks, Food Commercial Director, Sainsbury’s said: “We want to help our customers live well this Christmas, and that’s why we’ve teamed up with Debrett’s on this fun guide to help our customers navigate the seasonal social complexities. We know that almost a fifth of Brits buy presents for their friends and family from the supermarket and lots will be gifting chocolates or a bottle of something nice to everyone from their relatives to their postman. We’ve got gifts to suit all budgets and tastes – as well as the all-important thank you notes!”

Sainsbury’s and Debrett’s have created the ten-point plan to help guide anxious shoppers through the socially perilous season.

Sainsbury’s and Debrett’s Guide to Christmas Gift-Giving:

Saying Thank You: The handwritten thank you letter may be on the decline but that doesn’t mean you can get away without a show of gratitude – if there’s no headed stationery available, then digital thanks are better than no thanks at all.

Bringing a bottle: Don’t expect to drink a bottle you bring to a party, but do be prepared to open one you’re given.

Social Strife: Posting presents on social media is bad form, as well as unseemly gloating you could also risk outing a re-gifter.

Re-presenting: A hamper you won’t eat all of? Unfortunately, a re-gifted paté or jar of piccalilli just won’t cut the mustard when it comes to good gift-giving etiquette – splash out and buy them their own biscuits, luxury oils or box of chocolates.

Sweet Treats: Christmas, sadly, doesn’t mean a free-for-all on confectionery for everyone. It’s polite to check with parents before unloading sweet treats on their children.

Alcoholic Alternatives: You can’t go wrong with a bottle of booze, but make sure to put some thought into the choice – with cocktails on the rise, spirits can make a fun alternative to wine or whiskey, but stick to port for those traditionalists.

Bearing Gifts: Always come bearing gifts. A bottle of wine or a box of chocolates are customary but if it’s a longer stay over Christmas think about something more substantial.

All wrapped up: You should wrap food and wine to elevate it from a practical contribution to a thoughtful gift.

Making a match: You can have a go at matching the wine to a meal if going over for dinner, but more importantly, just make sure you bring a bottle.

Media contact:
press_office@sainsburys.co.uk
0207 695 7295

Source: Sainsbury’s

Price Rite Marketplace appoints Jim Dorey as new President

Keasbey, NJ, 2017-Dec-01 — /EPR Retail News/ — Price Rite Marketplace has named Jim Dorey President of the company, which has 65 grocery stores in nine states and is a registered trademark of Wakefern Food Corp., the nation’s largest supermarket cooperative.

Dorey replaces Neil Duffy, who retired from Price Rite in October, and will lead a comprehensive rebrand over the next year by introducing new store décor, signage, and private label products in Price Rite Marketplace stores. Dorey will also head up all aspects of the business, including sales, merchandising, marketing, retail operations, human resources and corporate administration.

He began his career at Wakefern Food Corp. in 2004 as manager of real estate, quickly progressing through the organization and holding several management positions in procurement, where he supported both the frozen foods and dairy divisions. He joined the Price Rite team in 2009, serving most recently as Executive Vice President, a role in which he worked closely with Duffy as he prepared for the transition to company president.

Price Rite Marketplace recently announced plans to unveil a fresh and modern new look at its stores as it rolls out its rebranding plan. By introducing new products and curating the very best of its selection for customers, Price Rite remains committed to delivering low prices, high quality goods and friendly service in a simpler, streamlined shopping experience.

“Jim has consistently demonstrated the leadership traits and vision to position Price Rite Marketplace for success even in the face of major market changes, competitive challenges and a changing business landscape,” said Joe Sheridan, President and COO of Wakefern.  “It’s an exciting time for Price Rite as we refresh our stores with new décor and private label products, and Jim will help lead the company in this next step forward.”

Dorey received his bachelor’s degree from Montclair State University and attended Harvard Business School’s Advanced Management Program.  He resides in Clark, NJ with his wife Sam and two children, Alexandra and Anthony.

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

About Price Rite Marketplace
Price Rite Marketplace is a registered trademark of Wakefern Food Corp., a retailer owned cooperative based in Keasbey, NJ and the largest supermarket cooperative in the United States. Price Rite opened its first store in West Springfield, MA in 1995 and currently operates 65 grocery stores while employing more than 4,000 people in Connecticut, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Maryland, and Virginia. Price Rite offers expanded produce departments and a curated selection of quality food products at exceptional prices. Through its support of local food banks, the annual Check-Out Hunger fundraising campaign and partnership with Feed The Children, Price Rite is a committed member of its local community.  For more information, please visit www.priceritesupermarkets.com.

Source: Price Rite