Monthly Archives: February 2018

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Bitt.com signs MoU with the Caribbean island Montserrat to launch a digital payments platform

Barbados-based Bitt a portfolio company of Overstock.com blockchain subsidiary Medici Ventures
SALT LAKE CITY, 2018-Feb-28 — /EPR Retail News/ — Overstock.com, Inc. (NASDAQ:OSTK) portfolio investment company Bitt.com has signed a memorandum of understanding with the Caribbean island Montserrat to launch a digital payments platform.

Bitt has been working to position island nations in that region as global leaders in the adoption of digital national currencies, allowing everyone with a smartphone, tablet, or computer to easily make digital domestic transactions.

This work has included actively building a financial ecosystem in the Caribbean that remedies the issues which people in the region experience daily, including high frictional fees from banks and other money services operations that make sending money in and out of the region cumbersome and costly.

“The people of Montserrat will benefit from increased financial inclusion, and a significant reduction in their need for cash to make payments for goods and services, or as a means of saving,” said Donaldson Romeo, Premier of Montserrat.

The move by Montserrat follows last year’s declaration by the International Monetary Fund’s Christine Lagarde that digital currencies “may one day be easier and safer than obtaining paper bills, especially in remote regions,” and that “virtual currencies could actually become more stable” than paper-based currency.

“For decades economists have spoken of ‘the unbanked’ and the difficulties they face because they are disconnected from the global financial system,” said Patrick M. Byrne, CEO of Overstock.com. “In recent weeks Bitt.com has launched a mobile app-based solution that allows people in Barbados to walk into a store and buy goods or services with digitized Barbados currency. Now, with this incredibly forward-thinking step by the premier and government of Montserrat, Bitt can begin bringing this technology to serve the poor, disconnected, and unbanked of that beautiful nation, and begin connecting them to a leading-edge blockchain-based monetary system. Then, as Montserrat goes, so goes the world!”

“We’re honored to assist Montserrat in meeting its objective of boosting financial inclusion while reducing reliance on cash while building resilient and sustainable socio-economic progress together,” said Rawdon Adams, CEO of Bitt.

About Overstock.com
Overstock.com, Inc. Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures’ tZERO platform: OSTKP) / Series B Preferred (OTCQX:OSTBP) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, and home improvement. In addition to home goods, Overstock.com offers a variety of products including jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to hundreds of thousands of products from third-party sellers. Additional stores include Pet Adoptions and Worldstock.com dedicated to selling artisan-crafted products from around the world. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock regularly posts information about the company and other related matters under Investor Relations on its website, http://www.overstock.com.

About Medici Ventures:
Launched in 2014, Medici Ventures is a wholly owned subsidiary of Overstock.com, Inc., created to leverage blockchain technology to solve real-world problems with transparent, efficient and secure solutions. Medici Ventures has a growing portfolio of groundbreaking blockchain-focused investments, including tZERO, Peernova, Bitt, SettleMint, Factom, and IdentityMind, Spera and Symbiont. The company’s majority-owned financial technology company, t0.com, executed the world’s first blockchain-based stock offering in December 2016.

O, Overstock.com, O.com, Club O, Main Street Revolution, and Worldstock are registered trademarks of Overstock.com, Inc. O.biz and Space Shift are also trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-Q for the quarter ended September 30, 2017, which was filed with the SEC on November 8, 2017, and any subsequent filings with the SEC.

Media Contact:
pr@overstock.com

Investor Contact:
ir@overstock.com

SOURCE: Overstock.com/ GLOBE NEWSWIRE

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Visa Inc. to present at the Keefe, Bruyette & Woods Cards, Payments & Financial Technology Symposium in New York

SAN FRANCISCO, 2018-Feb-28 — /EPR Retail News/ — Visa Inc. (NYSE: V) today announced its participation in the following investor conference.

On Thursday, March 1, Al Kelly, Chief Executive Officer, will present at the Keefe, Bruyette & Woods Cards, Payments & Financial Technology Symposium in New York. The discussion will begin at 3:20 p.m. Eastern Time and last for approximately 40 minutes.

Listen-only audio webcast and replay will be accessible for 30 days on the Investor Relations website at http://investor.visa.com.

About Visa Inc.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit usa.visa.com/about-visa.html, visacorporate.tumblr.com and @VisaNews.

Source: Visa Inc.

Visa Inc.
Investor Relations
Patrick Laney, +1 650-432-7644
ir@visa.com
or
Media Relations
Nathaniel Sillin, +1 415-805-4892
globalmedia@visa.com

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SPAR Croatia reduces amount of salt in its bread by 1.4%

SPAR Croatia reduces amount of salt in its bread by 1.4%

Amsterdam, The Netherlands, 2018-Feb-28 — /EPR Retail News/ — SPAR Croatia has reduced the amount of salt in its bread baked daily at the INTERSPAR bakery by 1.4%, in line with the World Health Organisation’s dietary recommendations.

Customers can now find bread baked with a lower volume of salt on the shelves of all INTERSPAR and SPAR stores in the country. The amount of salt in all 30 bread varieties has been reduced by 2% to the recommended 1,4% and in some cases even lower than the recommended amount. All the other ingredients remain the same – no additives were used to replace the salt and the bread is of the same high quality and taste.

“Through revising the recipe, SPAR Croatia is enabling positive change in our customers’ eating habits,” said Helmut Fenzl, CEO of SPAR Croatia.

This is part of a larger strategic plan to reduce the consumption of kitchen salt in Croatia from the current daily intake of 11.6 grams to 9.3 grams by 2019. This will consequently reduce the prevalence of arterial hypertension, cardiovascular and cerebrovascular diseases.

Read more news from SPAR Croatia

About SPAR Croatia

The first SPAR Hypermarket opened in Croatia in mid-2005, following the signing of the licence agreement between ASPIAG (a subsidiary of SPAR Austria AG) and SPAR International in 2004. As a member of the ASPIAG group, SPAR Croatia has access to a wide range of own brand products. Brand development has primarily taken place through SPAR Supermarkets and INTERSPAR Hypermarkets, both through the take-over of existing chains and the opening of new stores.

SOURCE: SPAR International

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

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Visa introduces a solution designed to unify management and secure customer payment data

Token Management Service: Smarter Tokens for a Connected Digital World (Photo: Business Wire)

Provides a 360-Degree View of Customer Payments Across Channels and Payment Types

SAN FRANCISCO, 2018-Feb-28 — /EPR Retail News/ — Visa (NYSE: V) today introduced Token Management Service, a solution designed to unify management and secure customer payment data. Token Management Service enables an integrated view of payment preferences and behaviors across a merchant’s commerce platforms, processing environments, geographies, payment types and card brands.

Seventy percent of the world, or more than 5 billion people, will be connected via mobile device by 20201, creating the need for merchants to provide consumers with seamless digital payments that work securely, anywhere and on any device. Laying a foundation for this transition, Visa has developed Token Management Service, part of Visa’s CyberSource payment management platform.

Different token services deployed across multiple digital commerce environments create channel silos, preventing merchants from fully understanding payment behavior across their various customer touchpoints. Token Management Service helps enable merchants to unify payment token implementation in order to provide simple, innovative and seamless purchasing experiences. For example:

  • Customers can buy goods online, then pick them up in store, or make a purchase online and return items in-store.
  • Merchants can augment their customer engagement strategy with tailored loyalty programs and promotions to suit customer preferences and behavior, ultimately providing impactful customer experiences

“Our clients are seeking to create new integrated commerce experiences that unify their digital and physical operations to gain a comprehensive 360-degree view of their customer interactions,” said Andre Machicao, senior vice president, digital merchant products, Visa. “Today’s launch of Token Management Service brings merchants a vital capability to better service their customers by enabling them to embrace and create new, frictionless and secure payment experiences and maintain their competitive edge.”

Merchants can deploy Token Management Service with limited changes to their current IT infrastructure. When using the service, payment information is stored in secure Visa data centers. Merchants can benefit directly by reducing costs associated with compliance and minimizing security threats associated with keeping sensitive data on their own networks.

“Merchants operate in an omnichannel world where customers have the power of choice in shopping, namely – how, where, and when to buy. Consumers also value convenience and immediacy in their interaction with merchants and expect a streamlined payment experience regardless of their buying method or platform,” said Raymond Pucci, associate director, Mercator Advisory Group. “Providing a unified token management service as part of a layered approach to payment risk mitigation ensures a fast and secure checkout experience that strengthens the customer relationship.”

The latest addition to Visa’s innovative digital solutions for merchants, Token Management Service is a complementary solution to Visa Token Service, a payment network tokenization service developed by Visa in 2014. Visa Token Service has paved the way for innovative digital payments types, ranging from technologies such as Visa Checkout, to mobile wallets and payment-enabled IoT devices, including wearables, connected cars and appliances and mobile commerce in retail environments. Token Management Service will enable merchants to realize the value of payment-network tokens by simplifying integration into Visa Token Service and other payment network tokenization services.

For more information about Token Management Service, please visit: http://www.cybersource.com/tokenization

About Visa Inc.Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit usa.visa.com/aboutvisa, visacorporate.tumblr.com and @VisaNews.

1 Source: Cisco Visual Networking Index Global Mobile Data Traffic Forecast Update, 2015-2020

Source: Visa Inc.

Visa Inc.
Aida Hadzibegovic, 415-805-4242
ahadzibe@visa.com

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Visa announces new research and education programs to strengthen the talent pipeline in the credit union industry

New field research focused on recruiting practices and expanded education opportunities for emerging credit union leaders strengthens industry talent pipeline

SAN FRANCISCO, 2018-Feb-28 — /EPR Retail News/ — Visa (NYSE: V) today announced new research and education programs as part of the company’s ongoing efforts to strengthen the talent pipeline in the credit union industry. Visa, together with the Filene Research Institute, will conduct two unique studies exploring talent gaps in the credit union industry throughout 2018. Visa and Filene will also introduce expanded education opportunities and resources designed to inspire young leaders to pursue careers in credit unions and foster their growth.

“Credit unions are vital to the financial health of our communities and Visa is committed to ensuring the long-term success of these organizations,” said Doug Leighton, head of community accounts, Visa. “Our goal is to introduce opportunities for emerging talent to grow in their career, while bringing fresh ideas and strategies to credit union leadership in order to more effectively serve their members.”

Advancing recruitment research through the War for Talent Center of Excellence

Through Filene Research Institute’s War for Talent Center of Excellence Visa and Filene will convene leading academics and credit union experts to study the industry’s talent gap. Filene research fellow, Dr. Sekou Bermiss, assistant professor of management, University of Texas, Austin, will conduct two unique studies in 2018:

  • Factors of Talent Attraction at Two Credit Unions: A Field Study: Despite a large percentage of individuals in the labor force expressing interest in working for a company that makes a social impact, recruiting within credit unions remains a key challenge. This natural field experiment within a set of credit unions will test the effectiveness of current recruiting practices.
  • Credit Union Board Composition: Desires and Practices: This research aims to help credit union leadership identify key traits they seek in candidates and define values and soft skills that impact these traits in order to build a diverse board equipped to attract talent with well-rounded backgrounds, ideas and expertise.

“There remains a gap between credit union leadership and the members they serve. We have an opportunity to leverage people analytics and research to develop the right strategies for attracting, developing and promoting top performers within credit unions, from the front line to the boardroom,” said Dr. Sekou Bermiss, assistant professor of management, University of Texas, Austin and Filene research fellow. “I look forward to continuing research with the War for Talent Center of Excellence and Visa to share insights that help credit union leaders build and grow a qualified talent pipeline.”

These two new studies build on the Center’s first publication authored by Dr. Bermiss in 2017, “Laws of Attraction: Credit Union Recruitment in a Competitive Labor Market.” Credit union and human resources leaders can put these insights into practice with the “Talent Attraction Checklist,” an actionable resource outlining important factors like employee fit, job characteristics and recruiter behavior to consider throughout the recruitment process.

Furthering education and talent development through The Cooperative Trust

Visa and The Cooperative Trust, an initiative focused on educating and cultivating young leaders in the credit union industry, will offer expanded online and offline resources in 2018, including a new mentorship program. These efforts include the “Crashers” program, offering the brightest young leaders the opportunity to participate in conversations and events focused on shaping the future of credit unions. Visa and Filene Researchwith support from the Credit Union National Association will host 78 Crashers, a record number, at the upcoming Governmental Affairs Conference, the industry’s largest advocacy conference.

“As we continue to grow The Cooperative Trust and Crash opportunities, we’re always challenging ourselves to elevate and advance the program to provide the most impact for young professionals and the credit union system,” said Lauren Culp, manager, The Cooperative Trust. “Visa has played a valuable role in helping ensure young people have a voice and are included in the conversation as we look to the future of our industry.”

Program highlights to date include:

  • The Cooperative Trust received the 2017 Herb Wegner Award for Outstanding Program, the highest national honors for the credit union movement that celebrates programs that put belief into action.
  • Five Crashers selected in the top 15 of the Next Top Credit Union Executive Competition.
  • Over 130 Crashers participating in credit union events across the U.S., including hands on experience at Visa’s Innovation Center in San Francisco.
  • Expanded online and offline resources including a new mentorship program, a refreshed website and online community, and additional Crash events.

About Visa Inc.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit usa.visa.com/aboutvisa, visacorporate.tumblr.com and @VisaNews.

Source: Visa Inc.

Visa Inc.
Elizabeth Pietrzak, 415-203-7235
epietrza@visa.com

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The Home Depot® SVP – Finance Control & Administration Richard McPhail to present at the Raymond James 39th Annual Institutional Investors Conference

ATLANTA, 2018-Feb-28 — /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, today announced that Richard McPhail, senior vice president – Finance Control & Administration, will present at the Raymond James 39th Annual Institutional Investors Conference in Orlando, Florida. The presentation will begin at 9:15 a.m. ET on March 6, 2018.

The presentation will be webcast live over the internet at http://ir.homedepot.com/events-and-presentations. A link will be displayed under “Events and Presentations.” The webcast will be archived and available at the same location after the conclusion of the live event and will be available until April 5, 2018.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,284 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2017, The Home Depot had sales of $100.9 billion and earnings of $8.6 billion. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

SOURCE: The Home Depot

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Colruyt’s ‘Dinner is served at 1 -2-3 euros’ project reaches 100 towns and more than 2000 families

Halle, Belgium, 2018-Feb-28 — /EPR Retail News/ — Colruyt reaches more than 2000 families with social project ‘Dinner is served at 1 -2-3 euros’ 100 th town joins the project Halle, 20 February 2018 . All told, one hundred towns have agreed with Colruyt Lowest Prices to make a tasty and balanced diet more accessible to families in financial difficulties. One year and a half after the start of ‘Dinner is served at 1 -2-3 euros’ about two thousand familie s are already participating. Every two weeks, they receive a budget -friendly booklet with 6 easy recipes costing maximum 1, 2 or 3 euros per portion. A balanced diet is a basic right for everyone and Colruyt thus hopes to offer extra inspiration.

Budget -friendly recipes
The ‘Dinner is served at 1 -2-3 euros’ concept is simple. Vulnerable families with kids are informed by their Social Service or organisations such as Child&Family, the Centre for General Well -being, House of the child , etc. Families can enr ol and will then receive a Colruyt cookery booklet every two weeks. It contains six easy and child -friendly recipes and the shopping lists. Each recipe is enough for three large portions and costs no more than 1, 2 or 3 euros per portion. This includes the price of the whole packaging, even if less is needed to make the recipe. It allows people to know in advance exactly what they will pay at the check -out. The cookery booklet also contains tips to let kids help and to turn leftovers into a tasty dish.

To support participants, some social organisations organise cooking demonstrations to prepare recipes together. Or they ask the local Colruyt store to organise a guided tour, during which store employees can give tips on efficient and cheap shopping.

“No gourmet cook”
Today, the project has about two thousand participants, thus reach ing the same number of families. Colruyt notices that at least 37% of the participants already used the cookery booklet in a Colruyt store and 24% are frequent participants. Of course, some participants may shop at other store formats.

People are often happy with the inspiration for daily cooking, without having to rack their brains over the price. “I am not a gourmet cook, and I wanted to let you know that, thanks to you, I succeed in conjuring up satisfactory, varied, affordable and delicious dishes. I simp ly wanted to tell you that this is a really interesting initiative, so thanks!” , says a participant from Kortrijk.

Feedback from coaches does Colruyt good as well. Kurt De Loor, chairman of the Social Service of Zottegem: “Putting a balanced meal on the t able every day is not a picnic. Especially when it is not easy for people financially. We hear this a lot from families who visit our Social Service. That’s the reason why we decided to join Colruyt’s project. It is an easily accessible way to inspire people to conjure up cheap yet healthy meals. I am convinced this project will be a success in Zottegem as well.”

Roll-out in the whole country
‘Dinner is served at 1 -2-3 euros’ started two years ago as a test project of Colruyt, in cooperation with the Socia l Service of Kortrijk. A group of 144 families with kids living at home tested the concept for six months. The reactions were positive and Colruyt decided to roll out the project on a national level. In the past year, things have been moving really fast. R ecently, Zottegem was the hundredth town to join and applications keep coming.

“More and more often, social organisations tell us there is a need for simple tools to work on a balanced diet. Today, many West -Flemish towns are participating, but cities lik e Sint -Niklaas and Ghent also joined. And Wallonia also shows an interest: Namur an d Charleroi recently joined the project and there is much enthusiasm” , says Colruyt coordinator Wim Verbesselt.

Productive partnership
Cooperation between private, local a uthorities and social organisations starts from their expertise. “Social organisations know the vulnerable families and their need for measures to combat poverty” , says Wim Verbesselt. “At Colruyt we have a lot of expertise in cooking tasty and balanced fo od. If we join forces, we can make a structural and sustainable differen ce for people in difficulties. We are very happy to be able to take away some of the concerns of families with children and to help them manage. It is one of the many ways in which we fulfil our corporate social responsibility.”

SOURCE: Colruyt Group

Contact for press
Hanne Poppe & Silja Decock
+32 (0)2 363 55 45
+32 (0)473 92 45 10

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Citycon approves two new share-based incentive plans for the Group key employees

ESPOO, Finland, 2018-Feb-28 — /EPR Retail News/ — The Board of Directors of Citycon Oyj has approved two new share-based incentive plans for the Group key employees, a Matching Share Plan 2018—2020 and a Restricted Share Plan 2018—2020.

The aim of the new plans is to combine the objectives of the shareholders and the key employees in order to increase the value of the company in the long-term, to bind the key employees to the company, and to offer them competitive reward plans based on acquiring and receiving the company´s shares.

Matching Share Plan 2018—2020

The new Matching Share Plan 2018—2020 includes three matching periods, calendar years 2018—2019, 2019—2020, 2020—2021. The prerequisite for participation in this plan and for reward payment is that a key employee invests in the company’s shares a pre-determined percentage of the bonus earned from the company’s performance bonus scheme during the calendar year preceding a matching period (the “Share Ownership Prerequisite”). If a key employee´s Share Ownership Prerequisite is fulfilled and his or her employment or service is in force with a Citycon group company upon reward payment, he or she will receive free matching shares for shares subject to the Share Ownership Prerequisite.

The Matching Share Plan 2018-2020 is directed to the CEO and the other members of the Corporate Management Committee. The rewards to be paid on the basis of this plan from the matching period 2018—2019 correspond to the value of an approximate maximum total of 200,000 Citycon Oyj shares. In addition, a cash proportion is included in the reward to cover taxes and tax-related costs arising from the reward to the participant. The rewards from the matching period 2018—2019 will be paid in 2020.

Restricted Share Plan 2018—2020

The rewards from the new Restricted Share Plan 2018—2020 may be allocated in 2018—2020. The reward will be based on a valid employment or service contract of a key employee upon the reward payment, and it will be paid partly in the company’s shares and partly in cash after the end of a vesting period. A vesting period will last 12 to 36 months from a reward allocation.

The Restricted Share Plan 2018-2020 is directed only to selected key employees, excluding the CEO and other members of the Corporate Management Committee. The rewards to be paid on the basis of this plan in 2018—2020 correspond to the value of an approximate maximum total of 200,000 Citycon Oyj shares including also the cash proportion to be used for taxes and tax-related costs.

CITYCON OYJ
The Board of Directors

For further information, please contact:
Marcel Kokkeel, CEO
Tel. +358 40 154 6760
marcel.kokkeel@citycon.com

Citycon Oyj (Nasdaq Helsinki: CTY1S) is a leading owner, developer and manager of urban grocery-anchored shopping centres in the Nordic and Baltic region, managing assets that total almost EUR 5 billion and with market capitalisation of close to EUR 2 billion. For more information about Citycon, please visit www.citycon.com

Citycon has investment-grade credit ratings from Moody’s (Baa1) and Standard & Poor’s (BBB). Citycon Oyj’s share is listed in Nasdaq Helsinki.

SOURCE: CITYCON OYJ

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Citycon Oyj to hold Annual General Meeting on Tuesday, 20 March 2018

Espoo, Finland, 2018-Feb-27 — /EPR Retail News/ — The shareholders of Citycon Oyj are hereby invited to the Annual General Meeting to be held on Tuesday, 20 March 2018 at 12.00 noon at Finlandia Hall (Veranda 4 hall), at the address Mannerheimintie 13, Helsinki, Finland (entrance through doors M4 and K4). The reception of participants who have registered for the meeting and the distribution of voting tickets will commence at 11.00 a.m.

A. Matters on the Agenda of the General Meeting

1. Opening of the Meeting

2. Calling the Meeting to Order

3. Election of Persons to Scrutinize the Minutes and to Supervise the Counting of Votes

4. Recording the Legality of the Meeting

5. Recording the Attendance and Adopting the List of Votes

6. Presentation of the Financial Statements and the Report of the Board of Directors for the Year 2017
– Review by the CEO

7. Presentation of the Auditor’s Report

8. Adoption of the Financial Statements

9. Resolution on the Use of the Profit Shown on the Balance Sheet as well as Authorization of the Board of Directors to Decide on the Distribution of Dividend and Assets from the Invested Unrestricted Equity Fund
The Board of Directors proposes that based on the balance sheet to be adopted for the financial period ended on 31 December 2017, no dividend is distributed by a resolution of the Annual General Meeting.

Nonetheless, the Board of Directors proposes that the Board of Directors be authorized to decide in its discretion on the distribution of dividend and assets from the invested unrestricted equity fund in the manner set forth below.

Based on this authorization, the maximum amount of dividend to be distributed shall not exceed EUR 0.01 per share and the maximum amount of equity repayment distributed from the invested unrestricted equity fund shall not exceed EUR 0.12 per share.

The authorization is valid until the opening of the next Annual General Meeting.

Unless the Board of Directors decides otherwise for a justified reason, the authorization will be used to distribute dividend and/or equity repayment four times during the period of validity of the authorization. In this case, the Board of Directors will make separate resolutions on each distribution of the dividend and/or equity repayment so that the preliminary record and payment dates will be as stated below. Citycon shall make separate announcements of such Board resolutions.

Preliminary payment date Preliminary record date
29 March 2018 22 March 2018
29 June 2018 21 June 2018
28 September 2018 20 September 2018
28 December 2018 14 December 2018

The dividend and/or equity repayment based on the resolution of the Board of Directors will be paid to a shareholder registered in the company’s shareholders’ register maintained by Euroclear Finland Ltd on the record date of the dividend and/or equity repayment.

10. Resolution on the Discharge of the Members of the Board of Directors and the CEO from Liability

11. Resolution on the Remuneration of the Members of the Board of Directors
The Board of Directors proposes on the recommendation of the Nomination and Remuneration Committee that the remuneration of members of the Board of Directors would remain the same and the Chairman of the Board of Directors be paid an annual fee of EUR 160,000, the Deputy Chairmen EUR 70,000 and the ordinary members of the Board EUR 50,000. The Chairmen of the Board of Directors’ Committees would be paid an additional annual fee of EUR 5,000.

It is proposed that the Chairmen of the meetings of the Board’s Committees shall be paid a meeting fee of EUR 800 and other Board and Committee members EUR 600 per meeting, with the exception of the Chairman of the Board, who shall be paid no meeting fees.

The members of the Board of Directors shall be compensated for accrued travel and lodging expenses as well as other potential costs related to Board and Committee work.

12. Resolution on the Number of Members of the Board of Directors
The Board of Directors proposes on the recommendation of the Nomination and Remuneration Committee that the number of members of the Board of Directors shall be nine.

13. Election of the Members of the Board of Directors
The Board of Directors proposes on the recommendation of the Nomination and Remuneration Committee that of the current members of the Board of Directors Chaim Katzman, Bernd Knobloch, Arnold de Haan, Kirsi Komi, David Lukes, Andrea Orlandi, Per-Anders Ovin and Ariella Zochovitzky be re-elected, and that Ofer Stark be elected as a new member to the Board of Directors. The members of the Board of Directors will be elected for a term that will continue until the close of the next Annual General Meeting. Of the current Board members, Rachel Lavine and Claes Ottosson will leave the Board of Directors.

All candidates have given their consent to the election.

All candidates for the Board of Directors have been presented on the company’s website citycon.com/agm2018. In addition, information on the proposed new member of the Board of Directors is available at the end of this notice.

14. Resolution on the Remuneration of the Auditor
The Board of Directors proposes on the recommendation of the Audit and Governance Committee that the audit fee be paid in accordance with the auditor’s invoice approved by the company.

15. Election of the Auditor
On the recommendation of the Audit and Governance Committee, the Board of Directors proposes that the company’s present auditor Ernst & Young Oy, a firm of authorized public accountants, be re-elected as the auditor. Ernst & Young Oy has announced that APA Mikko Rytilahti would act as the auditor with principal responsibility.

16. Proposal by the Board of Directors to amend the Articles of Association
The Board of Directors proposes that the Annual General Meeting would resolve to amend the Articles of Association, and especially Articles 2, 4, 8, 9 and 11 of the Articles of Association in the manner described below.

The Board proposes that Article 2 of the Articles of Association be amended to read as follows:

2 § The Company is engaged in buying, selling, owning and managing real estate, buildings, premises or any parts thereof as well as shares and interests in companies entitling to the above-mentioned. The Company is also engaged in leasing and developing of real estate, buildings and premises as well as providing management and management related services for real estate, buildings and premises. The Company can also engage in other operations related to the business operations specified in this section.

The Board proposes that the following amendments are made to Articles 8 and 9 of the Articles of Association:

8 § The General Meeting shall elect one (1) auditor to examine the administration and accounts of the Company. The auditor shall be an authorized audit firm.

9 § The Company’s Annual General Meeting shall be held annually within six (6) months of the expiration of the financial period on a date determined by the Board of Directors.

In addition, the Board proposes that the following additions are made to Articles 4 and 11 of the Articles of Association:

4 § Such Committees prepare designated items for the Board of Directors and resolve on operative matters as may be instructed by the Board of Directors from time to time.

11 § The General Meetings may be held, in addition to the Company’s domicile Helsinki, in Espoo (Finland), Stockholm (Sweden), Oslo (Norway) or Copenhagen (Denmark) as may be resolved by the Board of Directors.

Otherwise, the Board proposes that linguistic corrections are made to the Articles of Association.

The Articles of Association is proposed to be amended to reflect the new Auditing Act and the needs of Citycon Oyj’s Nordic business.

17. Authorizing the Board of Directors to Decide on the Issuance of Shares as well as the Issuance of Special Rights Entitling to Shares

The Board of Directors proposes that the Board of Directors be authorized to decide on the issuance of shares as well as the issuance of special rights entitling to shares referred to in Chapter 10 Section 1 of the Finnish Companies Act by one or several decisions in the manner described below.

The number of shares to be issued shall not exceed 85 million shares, which corresponds to approximately 9.55 percent of all the current shares in the company. Shares potentially issued by virtue of the special rights entitling to shares are included in the aforesaid maximum number of shares.

The Board of Directors decides on all the conditions of the issuance of shares and special rights entitling to shares. The authorization concerns both the issuance of new shares as well as the transfer of own shares held by the company. The issuance of shares and special rights entitling to shares may be carried out in deviation from the shareholders’ pre-emptive rights by way of a directed issue.

The authorization is valid until the close of next Annual General Meeting, however, no longer than until 30 June 2019.

18. Authorizing the Board of Directors to Decide on the Repurchase and/or on the Acceptance as Pledge of the Company’s Own Shares
The Board of Directors proposes that the Board of Directors be authorized to decide on the repurchase and/or on the acceptance as pledge of the company’s own shares in one or several tranches as follows.

The number of own shares to be repurchased and/or accepted as pledge shall not exceed 50 million shares, which corresponds to approximately 5.61 per cent of all the current shares in the company. Only the unrestricted equity of the company can be used to repurchase own shares on the basis of the authorization.

Own shares can be repurchased at a price formed in public trading on the date of the repurchase or at a price otherwise formed on the market.

The Board of Directors decides how own shares will be repurchased and/or accepted as pledge. Own shares can be repurchased for instance by using derivatives. Own shares can be repurchased otherwise than in proportion to the shareholdings of the shareholders (directed repurchase).

The authorization is valid until the close of next Annual General Meeting, however, no longer than until 30 June 2019.

19. Closing of the Meeting

B. Documents of the General Meeting
Citycon Oyj’s Financial Statements, the Report of the Board of Directors and the Auditor’s Report, the proposals for the decisions on the agenda of the Annual General Meeting, and this notice are available on the company’s website citycon.com/agm2018 not later than 27 February 2018. Said documents will also be available at the venue of the meeting. Minutes of the Annual General Meeting will be available on the aforementioned website as of 3 April 2018 at the latest.

C. Instructions for the Participants in the General Meeting

1. Shareholders registered in the shareholders’ register
Each shareholder, who is registered in the company’s shareholders’ register maintained by Euroclear Finland Ltd on Thursday, 8 March 2018 has the right to participate in the general meeting. A shareholder, whose shares are registered on his/her personal Finnish book-entry account, is registered in the company’s shareholders’ register.

A shareholder, who is registered in the company’s shareholders’ register and wants to participate in the general meeting, shall register for the meeting by giving a prior notice of participation not later than 15 March 2018 at 4.00 p.m. The notice has to be received by the company before the end of the registration period. Such notice can be given
– on the company’s website citycon.com/agm2018,
– by e-mail to legal@citycon.com,
– by telephone +358 20 766 4400 from Mondays to Fridays between 9.00 a.m. and 4.00 p.m., or
– by mail addressed to Citycon Oyj, AGM, Suomenlahdentie 1, FI-02230 Espoo, Finland.

In connection with the registration, a shareholder is requested to notify his/her name, personal identification number or business-ID, telephone number as well as the name of a possible assistant or proxy representative, and the personal identification number of the proxy representative. The personal data given to Citycon Oyj is used only in connection with the general meeting and with the processing of related registrations.

The shareholder, his/her authorized representative or proxy representative shall, where necessary, be able to prove his/her identity and/or right of representation.

2. Holders of nominee registered shares
A holder of nominee registered shares has the right to participate in the general meeting by virtue of such shares, based on which (s)he on the record date of the general meeting, i.e. on 8 March 2018, would be entitled to be registered in the company’s shareholders’ register maintained by Euroclear Finland Ltd. In addition, the right to participate in the general meeting requires that the shareholder has, on the basis of such shares, been temporarily registered in the shareholders’ register maintained by Euroclear Finland Ltd not later than 15 March 2018 at 10.00 a.m. As regards nominee registered shares this constitutes due registration for the general meeting.

A holder of nominee registered shares is advised to request without delay necessary instructions regarding the temporary registration in the company’s shareholders’ register, the issuing of proxy documents and registration for the general meeting from his/her custodian bank. The account management organization of the custodian bank shall register a holder of nominee registered shares, who wants to participate in the general meeting, to be temporarily entered in the company’s shareholders’ register at the latest by the time stated above. Further information on these matters can also be found on the company’s website citycon.com/agm2018.

3. Proxy representative and proxy documents
A shareholder may participate in the general meeting and exercise his/her rights at the meeting by way of proxy representation. A proxy representative shall produce a dated proxy document or otherwise in a reliable manner demonstrate his/her right to represent the shareholder at the general meeting. When a shareholder participates in the general meeting by means of several proxy representatives representing the shareholder with shares at different securities accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration for the general meeting. Proxy templates are available on the company’s website citycon.com/agm2018.

Possible proxy documents are requested to be submitted to the company by the end of the registration period.

4. Further instructions/information
Pursuant to Chapter 5, Section 25 of the Finnish Companies Act, a shareholder who is present at the general meeting has the right to request information with respect to the matters to be considered at the meeting.

Further information on matters pertaining to general meeting and on shareholder’s rights is available on the company’s website citycon.com/general-meeting.

On the date of publication of this notice, 23 February 2018, Citycon Oyj has 889,992,628 shares and votes. The company holds 24,767 of the company’s own shares on the date of publication of the notice.

CITYCON OYJ
Board of Directors

Information on the proposed new member of the Board of Directors

Ofer Stark
Born 1972
Israel and US citizen
Main occupation: Architect, entrepreneur

MEDIA CONTACT
Sanna Kostiainen
COMMUNICATIONS MANAGER, FINLAND
+358 400 712 072
sanna.kostiainen (at) citycon.com

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SSP America wins ten-year contract to develop and operate food and beverage concession spaces at Phoenix Sky Harbor International Airport

LONDON, 2018-Feb-27 — /EPR Retail News/ — SSP America, a division of SSP Group, a leading operator of food and beverage brands in travel locations worldwide, has been awarded a ten-year contract by the City of Phoenix and the City of Phoenix Aviation Department to commercially develop and operate five separate food and beverage concession spaces at Phoenix Sky Harbor International Airport (PHX). The new restaurants will cover a total of 19,833 square feet of concession space in the North and South Concourses of Terminal 3 as well as the lobby and ticketing areas. The contract will see SSP America introduce a mix of award-winning local and chef-driven brands as well as two, enormously popular, forward-thinking national brands.

SSP America’s new contract is part of the gateway’s wider modernization program. The $590 million Terminal 3 Modernization Program is set to enhance the customer experience for travellers by providing a more efficient way of getting through the terminal. The modernization is planned as three distinct phases to maximize flexibility and minimize impact to travellers and will be completed in 2020. Currently, the terminal processor and the South Concourse are under construction. The North Concourse will be the final phase of the project. 

Pat Murray, executive vice president of SSP America, commented: “PHX continues to grow with robust passenger increases, extensive growth in concessions, and an impressive upsurge in food and beverage sales between 2011-2016 in Terminal 4. PHX continued level of progress is a direct result of the Aviation Department’s proactive inward investment. SSP America is enormously proud to be a part of this continued investment and is deeply honored to have been awarded this significant new contract. Our portfolio features no less than nine award-winning local brands which will not only give PHX passengers a true taste of place, but also keep jobs and revenues contributing back to the Valley of the Sun community.”

SSP’s line-up includes: 

The Habit Burger Grill (Lobby)— The Habit Burger Grill is a burger-centric, fast casual restaurant concept that specializes in preparing fresh, made-to-order chargrilled burgers and sandwiches featuring USDA choice tri-tip steak, grilled chicken and sushi-grade tuna cooked over an open flame. In addition, it features fresh made-to-order salads and an appealing selection of sides, shakes and malts. The Habit was named the “best tasting burger in America” in July 2014 in a comprehensive survey conducted by one of America’s leading consumer magazines. 

Original ChopShop (Lobby)— Local favorite Original ChopShop is a neighborhood eatery crafting ‘Just Feel Good Food’ from whole ingredients. The menu offers protein bowls, acai and pitaya bowls, fresh-squeezed juices, protein shakes, salads and sandwiches that are made from scratch on-site with real, quality ingredients.

Überrito Fresh Mex (Lobby)— Combining the German word, “Über” meaning “above” or “beyond” with the Mexican culinary mainstay “burrito”—Überrito brings passengers above and beyond über fresh, über delicious burritos.  By combining an abundance of the very best ingredients at their peak of freshness, Überrito defies predictable preconceptions of Fresh-Mex offering taste combinations you won’t find anywhere else.

The Tavern (South Concourse)—Straight from its East Camelback Road location, Chef Mark Tarbell’s, The Tavern, brings a relaxed and approachable foodie oasis—a tony little gem serving fresh-forward, chef-driven plates in a fast and casual environment. The Tavern’s South Concourse location will also include a large wine retail component that will allow passengers to buy handpicked, premium wines to enjoy at their next destination.

Christopher’s Crush (South Concourse)— James Beard Award-winning chef and restaurateur, Christopher Gross, brings his thoroughly modern, locally laurelled, Christopher’s Crush to PHX’s South Concourse. Featuring handcrafted cocktails, top-notch local and international brews, handpicked wines and award-winning, chef-driven gourmand plates—Christopher’s Crush will be the ultimate PHX oasis. 

Phoenix Ale Brewery Central Kitchen (North Concourse)—Straight from its super hip CenPho location, Phoenix Ale Brewery Central Kitchen is a celebration of craft beer and craft food. PAB Central Kitchen brings a unique, only in Phoenix experience serving up Phoenix Ale Brewery’s top-notch local brews and pairing them with one-of-a-kind dishes that make guests wonder why they ever settled for traditional pub fare.

Tru Burger Co. (North Concourse)—Family owned and operated, Tru Burger Co., welcomes travelers to a menu made from TRU local flavors. Handcrafted, gourmet burgers are made fresh daily from locally sourced ingredients and fresh custom baked breads, delivered daily; all meats are antibiotic and hormone free. From crafting your own burger, to salads, fresh sides, sandwiches, big dogs and more, Tru Burger’s goal is to inspire community awareness with a TRU-Passion for a custom, fresh, high quality experience while ensuring dedicated support to the local Valley economy.

Leoni’s Focaccia (North Concourse)—The best, most memorable sandwiches begin with the best bread, and at Valley-based Danielle Leoni’s Leoni’s Focaccia, the freshly baked, Roman-style focaccia bread isn’t just the best in the Valley—it’s in a memorable league of its own. Leoni’s Focaccia brings innovative, chef-driven spins on classic Italian sandwiches, keeping jetsetters and local fans, coming back for more.

Ajo Al’s Mexican Café (North Concourse)—Using the freshest ingredients and authentic recipes, Ajo Al’s Mexican Café provides a taste of traditional Mexican cuisine with a modern Sonoran style twist and a casual, fun atmosphere they have been famous for since 1986. With fresh, handcrafted house specialties locals have known and loved for years, Ajo Al’s is the perfect spot to enjoy delicious, handmade Mexican food in Phoenix.

Crave Grounds (North Concourse)— Jim Murphy’s Crave Grounds in North Scottsdale brings America’s favorite breakfast time, snack time, any time coffee and donuts combo into the modern day. Offering a unique and inviting local coffee and donut experience, Crave Grounds features an endless variety of hot & fresh, made-to-order mini donuts, specialty tea, and a full espresso bar using a locally roasted four bean coffee blend, offered only at Crave Grounds.

Peet’s Coffee (Ticketing)—As one of the nation’s favorite premium coffee companies, Peet’s Coffee delivers a deep, rich coffee drinking experience. Guests will enjoy fresh roasted and handcrafted hot espresso drinks and an assortment of cold brewed coffee drinks all prepared from Peet’s full line of fair trade, responsibly sourced coffee beans. Peet’s ticketing location will offer other retail items—from bestselling newspapers, magazines and books, to travel related sundries, luggage, souvenirs and gifts; the range will offer passengers the conveniences they need.

These incredibly successful, award-winning brands and restaurateurs don’t just represent the Valley’s culinary landscape, they define it. Each brand sources locally wherever possible and is considered an integral component of the wider Phoenix community, helping to drive economic prosperity across the region. Sense of place, taste of place and commitment to the community combined with optimum choice for the passenger and exceptional customer service are the hallmarks of SSP America’s new contract with PHX.

SOURCE: SSP Group plc.

If you are a journalist and have a press enquiry, please contact Templemere Public Relations on +44 (0) 1306 735574 or press.office@ssp-intl.com

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Carrefour Poland’s C4 Retail Lab incubator recognised at the 2017 Heart Open Innovation Awards

Carrefour Poland’s C4 Retail Lab incubator recognised at the 2017 Heart Open Innovation Awards

Boulogne-Billancourt, France, 2018-Feb-27 — /EPR Retail News/ — Carrefour Poland’s C4 Retail Lab incubator, which started up in 2017, has got through to the finals of the Open Innovation Awards in the “Initiative” category.

The C4 Retail Lab was set up last year as part of Carrefour Poland’s omnichannel strategy. Its purpose is to look for and implement innovations for the whole mass merchandising sector, as well as supporting the development of entrepreneurship in Poland and fostering young talent. The incubator already has 12 start-ups and five projects are in the test phase.One of the first companies to join the C4 Retail Lab was Smart Cart – a Polish company which has developed a system that involves traditional shopping trolleys and self-service checkouts. The award given by the Heart Warsaw is the first that Carrefour’s incubator has received.

The 2017 Heart Open Innovation Awards is a competition for companies which innovate in collaboration with start-ups. Their aim is to showcase companies which use sources of external innovation, setting up partnerships and implementing the best solutions. The competition was organised by The Heart Warsaw, the European centre for cooperation between major groups and start-ups.

SOURCE: Carrefour Group

MEDIA CONTACT

Switchboard: +33 (0)1 41 04 26 00
For journalists: +33 (0)1 41 04 26 17
By e-mail: presse_groupe@carrefour.com

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Sainsbury’s: Gemma Atkinson launches this year’s official Sport Relief merchandise

Sainsbury’s: Gemma Atkinson launches this year’s official Sport Relief merchandise

LONDON, 2018-Feb-27 — /EPR Retail News/ — Dancing queen, Gemma Atkinson, has a wheelie good time in Sainsbury’s for Sport Relief.

The stunt was promoting the Sport Relief merchandise, available now in Sainsbury’s stores and online with at least 50 per cent of every sale going to Sport Relief. Gemma put her own spin on the everyday task in a four-wheeled routine which dazzled unsuspecting Sainsbury’s shoppers.

For the first time ever, Sport Relief is challenging the nation to beat a billion steps a day, every day from 17th-23rd March, tracking their progress through the brand-new Sport Relief app and looking the part in the official merchandise.

Gemma, who racked up her steps using the app – downloadable via the app store or sportrelief.com, said: “Dancing with a trolley is not as easy as it might look! There were a few near misses, but I had a lot of fun. I hope today has shown just how easy it is to get active, raise money and change lives this Sport Relief.

“So, on your next trip to Sainsbury’s, cha-cha down those aisles to pick up your Sport Relief merchandise and look the part doing your steps.”

Gemma was paired up with one of the store’s trolley collectors in Sainsbury’s Ashton Moss store, Manchester to learn the basics, then let loose in the car park to put her coordination to the test, impressing shoppers with the unusual routine.

One Sainsbury’s colleague who Gemma put in a spin was Lee Mottershead, 23 from Ashton-under-Lyne who said: “I wasn’t expecting to be dancing when I came into work today, least of all with Gemma Atkinson! We do something for Sport Relief in store every year, but nothing quite like this. It’s been really fun, Gemma was a great dance partner.”

Rachel Carrington, Sponsorship Manager at Sainsbury’s said: “We’ve been proud partners of Sport Relief for many years. In 2016, Sainsbury’s colleagues and customers raised over £7 million, making a huge difference to those in need. We’re hoping that our efforts this year will make an even bigger difference and are delighted to have Gemma on board to give this year’s campaign an extra push.”

Sainsbury’s is the official retailer of the Sport Relief merchandise. A donation from each sale will go towards helping vulnerable people across the UK and the world to live happier, healthier and safer lives.

SOURCE: Sainsbury’s

MEDIA CONTACT

press_office@sainsburys.co.uk or call 0207 695 7295.

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Lowe’s launches Track to the Trades program to provide career alternatives and financial support for employees to pursue a skilled trade

Lowe’s launches Track to the Trades program to provide career alternatives and financial support for employees to pursue a skilled trade 

MOORESVILLE, N.C., 2018-Feb-27 — /EPR Retail News/ — Today (February 22, 2018), Lowe’s Companies, Inc. (NYSE: LOW) announced Track to the Trades, a new workforce development initiative that aims to provide innovative career alternatives and financial support for employees to pursue a skilled trade. The program will be supported in partnership with Guild Education, an adult education company. The initiative comes at a time when the skilled trade industry is experiencing a rapidly declining workforce.

According to the Home Improvement Research Institute, more than 60 percent of skilled trade professionals agree that there is a shortage of labor in the construction industry. The same study reports ongoing hiring challenges for professional contractors, with 40 percent of pros looking to expand their job site workforce.

To begin addressing this critical trade skills gap while also providing employees with a variety of career paths and economic opportunity, Lowe’s is offering employees:

  • Upfront tuition funding for trade skill certification
  • Academic coaching and support
  • Placement opportunities for full-time pre-apprenticeships in Lowe’s nationwide contractor network or continued growth with Lowe’s

Beginning March 1, Lowe’s will debut Track to the Trades in four cities: Charlotte, Denver, Pittsburgh and Richmond. Following the four-city pilot, the program will be expanded to qualified Lowe’s part-time and full-time employee nationwide by the end of 2018.

Eligible employees will receive up to $2,500 to gain a certification and serve as a pre-apprentice in carpentry, HVAC, electrical, plumbing or appliance repair careers. Pre-apprenticeships take approximately six to 10 months, and participants will also receive enrollment guidance and a field mentor.

“The trade profession is a high-demand, high-opportunity field for the next generation workforce, and today, there is a massive unmet need,” said Jennifer L. Weber, Lowe’s chief human resources officer. “With Track to the Trades, we are providing unique career alternatives for our associates while also building a pipeline for the next generation ofLowe’s,Track to the Trades ,skilled trade, Guild Education CEO, Rachel Carlson, Home Improvement Research Institute,  Jennifer L. Weber, skilled trade workers, allowing us to better meet the demands of customers while creating long-term educational benefits and economic opportunity for our people.”

The U.S. Bureau of Labor Statistics (BLS) reports that the nation’s need for workers in the skilled trades is increasing much faster than the growth of employment overall, according to a recent forecast. In fact, Lowe’s analysis of BLS data projects we will experience a skilled trades gap of more than a half million jobs across construction-related fields by 2026. Lowe’s Track to the Trades program is a first step toward rebuilding the skilled trades workforce and infusing pride back into trade professions that are vital to society.

“Lowe’s is leading the way on pre-apprenticeship models that prepare employees for jobs of the future, both while working at Lowe’s and beyond in their careers,” said Guild Education CEO, Rachel Carlson. “The education pathways offered by Lowe’s eliminate the all-to-common false choice between trades programs and advancement in higher education. At Guild, we’re honored to be working with the Lowe’s team on this first-of-a-kind partnership.”

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

About Guild Education
Guild Education is transforming the way employers offer Education as a Benefit to their employees. Guild Education’s platform makes offering education benefits an easy choice for leading companies, with a platform to help innovative HR leaders turn their education programs into a long-term positive ROI for their company. The company’s diverse network of online, nonprofit universities offer a range of programs from GEDs and apprenticeship programs through bachelor’s and master’s degrees, along with advising and retention coaching to help each student navigate the worlds of work and post-secondary education. As of today, Guild Education has raised a total of $31.5 million in funding from Bessemer Ventures, Redpoint Ventures, Harrison Metal, and Cowboy Ventures. To learn more about Guild Education, visit www.GuildEducation.com.

SOURCE: Lowe’s Companies, Inc.

Media Inquiries
704-758-2917
PublicRelations@Lowes.co

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Asda announces a cheesy twist on an Easter classic with the launch of NEW Cheester Egg

Asda announces a cheesy twist on an Easter classic with the launch of NEW Cheester Egg

LEEDS, UK, 2018-Feb-27 — /EPR Retail News/ — It’s the eternal question that continues to grip the nation – chocolate or cheese? With recent stats revealing 60%* of Brits would choose the sandwich staple over the sweet-shop favourite, Asda has hatched a plan to make this Easter the cheesiest Britain has ever seen.

A NEW Cheester Egg – that’s right, Cheester Egg – will be available for customers to take home from Asda stores from 16th March. The half egg-shaped cheese, half condiment product will offer the entire cheeseboard egg-sperience, with crumbly mini oatcake crackers and a sachet of sweet and sticky caremelised onion chutney all included – sweet dreams really are made of cheese!

This cheesy twist on an Easter classic has been crafted using Blacksticks Blue Cheese and is made using freshly sourced milk and traditional Farmhouse Dairy methods to create a delicious (top secret) Blacksticks recipe.

Ever versatile, the soft and crumbly blue cheese can be the centerpiece of a cheeseboard, deliciously spread onto hot cross buns for egg-sperimental sweet and savoury lovers, or fit perfectly into an Easter Egg hunt for real cheese lovers.

The Cheester Egg is the latest addition to Asda’s Easter offering, complete with traditional favourites to satisfy all Easter cravings.

James Clapham, commercial manager of Butlers Farmhouse Cheeses, says: “We’re a nation of cheese fanatics, so we know consumers will love the Cheester Egg. It’s an un-expected yet delicious twist on a traditional Easter favourite, and we can’t wait for Asda customers to enjoy our handmade quality blue cheese”.

Jo Miller, Asda’s head of cheese comments: “We’re so excited to launch the Cheester Egg. Following the incredible response to our Christmas cheese advent calendar, the Cheester Egg was the obvious next step to show our customers that we’re constantly listening and ensuring there’s something for everyone at Asda this Easter.”

The NEW Blacksticks Blue Cheester Egg is available in Asda stores from 16th March. Please see http://butlerscheeses.co.uk/for further details and use @asda @ButlersCheese #BlacksticksBlue when posting on social.

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CarMax opens its 4th store location in the Denver area, located at the city of Golden

RICHMOND, Virginia, 2018-Feb-27 — /EPR Retail News/ — CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today celebrated the grand opening of its 4th store location in the Denver area, located at 16500 W. Colfax Avenue in Golden. The Golden location has the capacity to stock approximately 200 used vehicles of nearly every make and model and CarMax customers can also request transfers of almost any vehicle to this store from other CarMax locations throughout the country.

In celebration of the Golden store opening, CarMax and The CarMax Foundation awarded $7,500 in donations and grants to the Jefferson County Boys & Girls Club. The donation for this organization came at the recommendation of the Golden CarMax associates.

“CarMax associates know the importance of being a good neighbor and make it a priority to give back to the communities where we live and work,” said Michael Bean, location general manager at the Golden CarMax. “We are continuing to grow and serve more customers in the Denver area and are excited to announce the opening of our newest store in the city of Golden.”

CarMax disrupted the industry more than 20 years ago by offering a high integrity car-buying experience customers want that’s transparent and stress-free. Since that time, CarMax has continued to revolutionize the experience through customer-focused technology innovations. Approximately 90% of CarMax purchasers start on CarMax.com or the CarMax mobile app. Customers can browse CarMax’s nationwide inventory of nearly 50,000 vehicles, hold a vehicle for a test drive, schedule an appraisal, and even get pre-qualified for financing before visiting the store. CarMax stands behind their vehicles with a 5-Day Money-Back Guarantee and a 30-Day Limited Warranty (60-Day in CT, MN & RI, 90-Day in MA, NY and NJ).

About CarMax
CarMax is the nation’s largest retailer of used cars and operates more than 185 stores in 41 states nationwide. CarMax revolutionized the auto industry by delivering the honest, transparent and high-integrity car buying experience customers want and deserve. For nearly 25 years, CarMax has made car buying more ethical, fair and stress-free by offering a no-haggle, no-hassle experience and an incredible selection of vehicles. CarMax makes selling your car easy too, by offering no-obligation appraisals good for seven days. At CarMax, we’ll buy your car even if you don’t buy ours®. CarMax has nearly 25,000 associates nationwide and for 14 consecutive years has been named as one of the FORTUNE 100 Best Companies to Work For®. During the 12 months ending February 28, 2017, the company retailed 671,294 used cars and sold 391,686 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.

Media Contact
Lindsey Duke, CarMax Public Relations, (855) 887-2915
pr@carmax.com ● @CarMax ● facebook.com/CarMax

SOURCE:  CarMax

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Meijer’s advertising team won 30 awards at the American Advertising Federation (AAF) of West Michigan’s annual ADDY® Awards

Retailer’s 2017 ad campaigns lauded by West Michigan’s advertising community

GRAND RAPIDS, Mich., 2018-Feb-27 — /EPR Retail News/ — Meijer announced today that its advertising team won big at the American Advertising Federation (AAF) of West Michigan’s annual ADDY® Awards with a record 30 awards.

The retailer’s in-house creative team earned accolades for a variety of 2017 creative advertising campaigns in multiple categories, including The Hambassador social media campaign, Grocery Store Love Songs radio commercial, and its Come Home television commercial.

“I am incredibly proud of our talented Meijer creative team who delivered such a range of outstanding work that engaged and inspired our customers in 2017,” said Lisa Henriksen, Senior Vice President of Marketing. “It’s quite a testament to their talent, collaboration and hard work to be recognized to that extent by our industry colleagues.”

Meijer received the following ADDY Awards, which is the industry’s largest and most representative competition:

  • Gold, Photography Campaign: Halloween Food
  • Gold, Social Media Campaign: The Hambassador
  • Silver, Illustration Series: Holiday Gift Cards
  • Silver, Photography Campaign: Easter Ham Photography
  • Silver, Photography Campaign: Halloween Cocktail Photography
  • Silver, Social Media Single Execution: Coach McCarthy – Cans
  • Silver, Social Media Single Execution: Coach McCarthy – Garbage
  • Silver, Social Media Single Execution: The Hambassador – Basket
  • Silver, Social Media Single Execution: The Hambassador – Tablescape
  • Silver, Social Media Campaign: Coach McCarthy
  • Silver, Out-of-Home Multiple Installation: Halloween In-Store
  • Silver, Regional/National Television Commercial: Come Home
  • Silver, Regional/National Television Commercial: Meijer Beer – Founders
  • Silver, Regional/National Television Commercial: Meijer Beer – Leinenkugel’s
  • Bronze, Social Media Single Execution: Farmer to Table – Cabbage
  • Bronze, Social Media Campaign: Come Home
  • Bronze, Social Media Campaign: Halloween Scary Candy Scenes
  • Bronze, Social Media Campaign: Meijer Basket(ball)
  • Bronze, Social Media Campaign: Style for Every BODY
  • Bronze, Copywriting: Tender Meat Matching
  • Bronze, Website-Based App: Tender Meat Matching
  • Bronze, Point of Purchase: Purple Cow Display
  • Bronze, Branded Content & Entertainment: ArtPrize Palate
  • Bronze, Out-of-Home Multiple Installations: Meijer Little Caesars Arena
  • Bronze, Out-of-Home Multiple Installations: Mercato Italiano
  • Bronze, Print Campaign: Never Saw the Light of Day – Purple Cow
  • Bronze, Regional/National Radio Commercial :30 Seconds or Less: Grocery Store Love Songs Radio
  • Bronze, Integrated Advertising Campaign – Regional/National – Consumer: Mercato Italiano
  • Bronze, Integrated Advertising Campaign – Regional/National – Consumer: Oh My Gourd
  • Bronze, Cinematography: Farmer to Table: Cabbage

About Meijer:

Meijer is a Grand Rapids, Mich.-based retailer that operates 235 supercenters and grocery stores throughout Michigan, Ohio, Indiana, Illinois, Kentucky and Wisconsin. A privately-owned and family-operated company since 1934, Meijer pioneered the “one-stop shopping” concept and has evolved through the years to include expanded fresh produce and meat departments, as well as pharmacies, comprehensive apparel departments, pet departments, garden centers, toys and electronics. For additional information on Meijer, please visit www.meijer.com. Follow Meijer on Twitter @twitter.com/Meijer and @twitter.com/MeijerPR or become a fan at www.facebook.com/meijer.

SOURCE:  Meijer

Contact: Christina Fecher, 616-735-7968, christina.fecher@meijer.com

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JCPenney launches collection of JoJo Siwa apparel

JCPenney launches collection of JoJo Siwa appare

Company appeals to “Siwanatorz” with a bright and colorful selection of apparel, bedding and bows promoting Siwa’s positive, anti-bullying outlook

PLANO, Texas, 2018-Feb-27 — /EPR Retail News/ — JCPenney (NYSE: JCP) is joining the JoJo Siwa craze and launching a line of licensed apparel dedicated to the 14-year-old Nickelodeon star and social media sensation. Available now at JCPenney.com and in 600 stores beginning March 2, girls will find a curated collection of tops, dresses, jackets and leggings exclusively designed for JCPenney, featuring Siwa’s love of inspirational messages, bows, emojis and the color pink. Fans, dubbed “Siwanatorz” by the popular teen herself, will also find JoJo Siwa-inspired bedding and her signature oversize hair bows, which have become a symbol of confidence for young girls.

“JCPenney introduced JoJo’s trademark hair bows to its girls’ assortment last fall and we were blown away by the response. By creating a comprehensive destination for specially-designed JoJo Siwa apparel and other related merchandise, JCPenney has an opportunity to reach an entirely new customer who loves her confident and upbeat personality,” said James Starke, senior vice president of merchandising for JCPenney. “This young generation of shoppers holds an unprecedented influence over family purchasing decisions and by bringing brands to JCPenney that appeal to this demographic, we can introduce her, and her family, to our store.”

The collection of JoJo Siwa apparel at JCPenney is inspired by Siwa’s positive messages and incorporates bright colors, sequins and hair bows for young girls, in sizes 4 to 12. Shoppers will find fun, age-appropriate looks including bow-adorned tank tops, pink tutu skirts, ruffle dresses and satin bomber jackets with Siwa’s signature bow print. Sale prices include $15.99 for a sequin pocket tee, $21.99 for leggings and $31.99 for a jean jacket with satin patches. In addition to the retailer’s unique apparel collection, shoppers will also find a robust assortment of JoJo Siwa merchandise, including a hot pink, emoji-decorated comforter set, a bow-shaped decorative pillow, a singing JoJo doll and knee-high bow socks.

“From school to the mall and everywhere in between, girls will feel strong and confident when they are rocking a JoJo outfit,” said JoJo Siwa. “My new styles at JCPenney are fun and colorful and I can’t wait to see girls rocking them.”

Siwa is the star of Nickelodeon’s Lip Sync Battle Shorties, a social media sensation, singer, anti-bullying advocate and New York Times best-selling author. Her YouTube channel, It’s JoJo Siwa, promotes self-confidence and positivity with 5.6 million subscribers. Siwa’s hit music video, Boomerang, boasts more than 500 million views on YouTube and reinforces her messages of inclusion and friendship. She also has 6.6 million followers on Instagram and 15 million fans on Musical.ly.

To download the news release and access product images, please visit: https://www.jcpnewsroom.com/news-releases/2018/0126_launches_jojo_siwa_apparel.html

JCPenney Media Relations:
(972) 431-3400 or jcpnews@jcp.com
Follow @jcpnews on Twitter for the latest announcements and Company information.

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

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SOURCE:  J.C. Penney Corporation, Inc.

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BESTSELLER partners with local schools in Brande area to increase children’s overall well-being, motivation and learning

BESTSELLER partners with local schools in Brande area to increase children’s overall well-being, motivation and learning

BRANDE, Denmark, 2018-Feb-27 — /EPR Retail News/ — BESTSELLER partners with local schools: A well-being project at the local schools in the Brande area – home of BESTSELLER’s main office –  will focus on setting the stage for children and young people to flourish and grow into strong and enabled young adults.

Over the next three years, pupils in the middle and upper levels of the public schools in the Ikast-Brande Municipality will take part in a project to increase their overall well-being, motivation and learning.

HEALTHY BODY, HEALTHY MIND

A healthy, active body creates a healthy, active mind. This seems to be the mantra for Skoleglæde.nu, the organisation behind the initiative. The organisation uses exercise and movement as a lever to increase motivation and learning among pupils. So far, more than 7,500 pupils across Denmark has been part of the initiative, and the results have been very positive increasing the pupils’ power of concentration, engagement and sense of community.

Skoleglæde.nu will be hosting different workshops for pupils and teachers alike, and a key element in the programme will be the daily integration of exercise and academia. During classes, pupils will become acquainted with everything from classic squat jumps and push-ups to yoga and mental fitness.

‘We know that variation in the daily grind is a top priority for pupils, and the well-being among pupils and the relationship between them and their teachers are crucial for the pupils’ motivation and learning outcomes,’ says Henrik Leth from Skoleglæde.nu.

PROUD PARTNER

‘We are proud to announce our collaboration with the local schools in the Brande area. Children and teens are key to a well-functioning future society, and by incorporating healthy habits and exercise directly into the daily teaching situations, we can help build a culture that forms happy and whole young individuals,’ says BESTSELLER Communication Manager Jesper Stubkier.

‘In BESTSELLER, we look forward to following the project at close hand, and we will be inviting our local colleagues to take part in workshops and training sessions throughout the course of the programme,’ Jesper Stubkier adds.

The three-year project in the public schools in Brande area is a result of a private-public partnership between Ikast-Brande Municipality, Skoleglæde.nu, travel agency Apollo and BESTSELLER. The project will be launched this august.

SOURCE: BESTSELLER

BESTSELLER COMMUNICATION
+45 99 42 16 62 / communications@bestseller.com

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Perry Ellis International collaborates with Good People for men’s underwear and loungewear under the Perry Ellis Portfolio® trademark in South Korea

MIAMI, 2018-Feb-23 — /EPR Retail News/ — Perry Ellis International (Nasdaq:PERY) announced today ( Feb. 21, 2018) a new license agreement with Good People Co. Ltd for men’s underwear and loungewear under the Perry Ellis Portfolio® trademark in South Korea. The product launch is planned in Fall 2018.

Perry Ellis believed fashion was fun, and should never be taken too seriously. Patterns, pops of color, new shapes and never before-seen styles — he embraced it all, rewriting the rules and redefining American sportswear. Today, Perry Ellis is the go-to designer fashion brand that gives men confidence in every, and any, situation through innovative and versatile styles.

“We are pleased to collaborate with Good People.  We see great potential for growth in the South Korean market and are pleased to take these continued steps in our business expansion,” remarked Oscar Feldenkreis, CEO and President of Perry Ellis International.

“We look forward to working closely with the Perry Ellis design and management team to bring Perry Ellis’ unique brand positioning and commitment to product excellence to the Korean consumer across multiple distribution channels,” said Yoon Woohwan, CEO of Good People Co. Ltd.

For more information about Perry Ellis International, Inc. and the company’s entire portfolio of brands, please visit. www.PERY.com.

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

About Good People Co. Ltd
Good People Co., Ltd., is publically traded on the Korean stock exchange, and manufactures and wholesales underwear and loungewear products for men,  women and children  in Korea and internationally. The company offers its products under the BODYGUARD, Yescode, SEXYCOOKIE, JAMES DEAN, G-gear, 1st OLOR, and Don & Dons brands. The company is also the licensee for Levi’s body wear in South Korea. Good People Co., Ltd, founded in 1991, is based in Seoul, South Korea and trades on the South Korean Stock Exchange: KOSDAQ -33340.

Contact:

Pamela Fields
VP International Licensing and Business Development
pamela.fields@pery.com
212-536-5602

Jeong Hwan, Yim, Marketing Director
equalizer@goodpeople.co.kr
82-2-320-6681

Source: Perry Ellis International Inc./globenewswire

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Auntie Anne’s® invites the pretzel-loving public to “RSVP” to Auntie Anne’s 30th birthday party at HBDAuntieAnnes.com

Auntie Anne’s® invites the pretzel-loving public to “RSVP” to Auntie Anne’s 30th birthday party at HBDAuntieAnnes.com

 

LANCASTER, Pa., 2018-Feb-23 — /EPR Retail News/ — Auntie Anne’s®, the world’s largest hand-rolled soft pretzel franchise, turns 30 this year and is calling on the pretzel-loving public to help ring in this delicious milestone. From now through March 2, fans can rejoice in three decades of pretzel love by RSVP’ing ‘yes’ to Auntie Anne’s 30th birthday bash at HBDAuntieAnnes.com. One million RSVPs will unlock a Free Pretzel Party on March 3.

“Thirty years is a big milestone and there is no one we would rather celebrate it with than the pretzel lovers around the world,” said Heather Neary, President of Auntie Anne’s. “We’ve celebrated a lot of good times together over the last 30 years and we are very excited to embark upon our next 30 years and beyond.”

To RSVP to the saltiest, sweetest and most twisted party of the year, pretzel devotees are encouraged to visit HBDAuntieAnnes.com. A live tracker will tally RSVPs until the one million goal is met. If unlocked, the Free Pretzel Party will take place at Auntie Anne’s locations nationwide on March 3 from 10 a.m. to 2 p.m. All guests will receive one free Original or Cinnamon Sugar pretzel, no strings attached.

In an effort to keep the party going, Auntie Anne’s will also give Free Pretzel Party participants a Buy One Get One (BOGO) coupon that is valid through March 31, while supplies last.

To stay up-to-date on the march to one million RSVPs, fans are encouraged to follow the brand on Twitter @AuntieAnnes, on Instagram @AuntieAnnesPretzels, and on Facebook at Facebook.com/AuntieAnnesPretzels. The birthday love will be shared all year with hashtag #HBDAuntieAnnes.

For the latest information about Auntie Anne’s products and company news, please visit AuntieAnnes.com. To get exclusive offers and information before anyone else, download the Auntie Anne’s My Pretzel Perks app.

About Auntie Anne’s®:

With more than 1,700 locations in 48 states and more than 25 countries, Auntie Anne’s mixes, twists and bakes pretzels to golden brown perfection all day long in full view of guests. Auntie Anne’s can be found in malls and outlet centers, as well as in non-traditional spaces including universities, airports, Walmarts, travel plazas, military bases, and food trucks. For more information, visit AuntieAnnes.com, or follow on Facebook, Twitter and Instagram. To receive the latest offers – including a free pretzel for your birthday – download the My Pretzel Perks app.

Source: Auntie Annes

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CarMax to provide one-time bonus to associates as a result of the Tax Cuts and Jobs Act of 2017

Richmond, Va., 2018-Feb-23 — /EPR Retail News/ — CarMax, Inc. (NYSE:KMX), the nation’s largest retailer of used cars, announced plans to provide one-time bonuses to most hourly and commissioned full-time and part-time associates as a result of the recently passed Tax Cuts and Jobs Act of 2017. Bonus amounts will vary from $200 up to $1,500 based on length of service with the company.

“Our success as a company is due to the hard work and dedication of our talented Associates,” said Bill Nash, CarMax President and CEO. “We are always looking for ways we can support them, and I’m pleased to have this opportunity to thank associates for all that they do every day for our customers and for each other.” About 80 percent of associates will receive the bonus, which will be distributed in March 2018.*

CarMax regularly evaluates research salary data to ensure we are offering competitive compensation and benefits to our associates. The company also is carefully considering opportunities to use these new tax savings in ways that are in the best interests of our business, our associates, our customers and our shareholders.

About CarMax
CarMax is the nation’s largest retailer of used cars and operates more than 185 stores in 41 states nationwide. CarMax revolutionized the auto industry by delivering the honest, transparent and high-integrity car buying experience customers want and deserve. For nearly 25 years, CarMax has made car buying more ethical, fair and stress-free by offering a no-haggle, no-hassle experience and an incredible selection of vehicles. CarMax makes selling your car easy too, by offering no-obligation appraisals good for seven days. At CarMax, we’ll buy your car even if you don’t buy ours®. CarMax has nearly 25,000 associates nationwide and for 14 consecutive years has been named as one of the FORTUNE 100 Best Companies to Work For®. During the 12 months ending February 28, 2017, the company retailed 671,294 used cars and sold 391,686 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.

Contact:

pr@carmax.com
(855) 887-2915

Source: CarMax, Inc.

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Gap launches limited-edition girls and boys apparel and accessories inspired by Sarah Jessica Parker’s childhood heirlooms

INSPIRED BY PARKER’S CHILDHOOD HEIRLOOMS, THE COLLECTION CELEBRATES LOVE, LUCK AND MAGIC

NEW YORK, 2018-Feb-23 — /EPR Retail News/ — Gap, the iconic American clothing brand, launches the Gap | Sarah Jessica Parker collection, a limited-edition assortment of girls and boys apparel and accessories. The collaboration was a natural fit as it reunites Gap and Parker, who starred in a series of Gap ads in the early aughts. Stemming from Parker’s family tradition of saying “rabbit, rabbit” on the first of every month for good luck, the collection celebrates love, luck and magic.

Inspired by Parker’s childhood heirlooms, the collection embraces prints and texture by playing with ginghams, stripes, florals and eyelet in classic Gap silhouettes. Available in toddler and kids sizing, Gap | Sarah Jessica Parker captures all the nostalgia of passing along well-loved, storied pieces to family and friends, the exuberance of starting your own story in those same pieces, and the joy inherent in wishing luck upon children as they move forward in the world. Parker also worked with Gap to help create two women’s dress styles that are available in the collection.

“Creating this collection with Gap has been such a treat as a mother, as one of eight children, and as a reconnection with the brand,” says Parker. “I hope the pieces are cherished by the children who wear them, that items are passed down among generations, and that some great memories are created while wearing them.”

Channeling Parker’s good luck tradition, there are embroidered rabbits found throughout the collection as well as special ‘property of:’ sewn-in tags to detail each wearer throughout the years which takes inspiration from her own family’s rituals. Gap | Sarah Jessica Parker collection favorites for girls include gingham dresses and separates with eyelet hems, a navy and white stripe flutter sleeve dress with pink roses, a signature rabbit embroidered light blue bomber jacket and a rabbit inspired basket weave mini handbag while boys and toddler boys can choose from graphic tees and gingham shirting with khakis. The collection will also include ‘Ebbit the backpack,’ an egg-inspired character and playful companion perfect for school, travel or towing along for a spring picnic.

“It’s been a delight to collaborate with Sarah Jessica Parker on this special collection for kids that combines her nostalgic childhood memories with signature Gap favorites,” says Wendi Goldman, Gap executive vice president and chief product officer. “We are so thrilled to have Sarah Jessica back with the Gap brand in this new collaboration capacity. Together we created a collection that we hope will be passed down from generation to generation, just as we envisioned.”

With prices starting from $16.95 up to $78, the collection will be available on March 1 through gap.com 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 recently returned to HBO for a second season. 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.

 

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Intershop grew revenues by 5% and generated positive EBIT in the fiscal year 2017

  • Total revenues of EUR 35.8 million (previous year: EUR 34.2 million)
  • EBITDA of EUR 2.8 million (previous year: EUR 0.1 million)
  • EBIT of EUR 0.4 million (previous year: EUR -2.4 million)
  • “Cloud First” – focus on expanding the cloud business

Jena, 2018-Feb-23 — /EPR Retail News/ — Intershop Communications AG (ISIN: DE000A0EPUH1), a leading independent provider of innovative solutions for omnichannel commerce, grew its revenues by 5% and generated positive EBIT (earnings before interest and taxes) amounted to EUR 0.4 million in the fiscal year 2017. This is the first time in four years that Intershop was able to increase its revenues. In total, consolidated revenues climbed to EUR 35.8 million (previous year: EUR 34.2 million). This growth is mainly attributable to the positive trend in licensing revenues and to a sharp rise in full-service revenues.

Product revenues picked up by 3% to EUR 14.1 million in the reporting period. The related licensing revenues climbed 8% to EUR 6.1 million. New customers accounted for close to one third of the revenues. In the second half of the year, the company additionally recorded a large number of incoming orders for cloud licenses, which will lead to continuous income in the following quarters. Maintenance revenues stayed at the prior year level of EUR 8.0 million.

Over the course of the year, Intershop’s service revenues increased continuously from quarter to quarter and finally reached EUR 21.7 million, up 6% on the previous year. Although consulting and training revenues, which are included in service revenues, declined by a moderate 3% to EUR 15.4 million, they again made the biggest contribution (43%) to Intershop’s total revenues. At the same time, full-service revenues rose significantly by 37% to EUR 6.3 million. This increase was attributable to the good new business trend in this segment. The share of service revenues in total revenues rose moderately to 61% (previous year: 60%).

Intershop improved its earnings notably in the fiscal year 2017. The Group’s gross margin climbed three percentage points to 49% (previous year: 46%). Earnings before interest and taxes (EBIT) amounted to EUR 0.4 million at the end of the fiscal year (previous year: EUR -2.4 million), while the EBIT margin stood at 1% (previous year: -7%). EBIT was slightly positive in each quarter throughout the year 2017. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose sharply from EUR 0.1 million in the previous year to EUR 2.8 million. The EBITDA margin stood at 8% (previous year: 0%). At EUR -0.3 million, the financial result was on a par with the previous year; income taxes increased to EUR 0.7 million (previous year: EUR 0.3 million). This resulted in a consolidated net loss after taxes of EUR -0.7 million (previous year: EUR -3.0 million) and earnings per share of EUR -0.02 (previous year: EUR -0.09).

Total assets of the Intershop Group declined by 8% to EUR 25.0 million as of the balance sheet date on 31 December 2017. As a result of the scheduled repayment of EUR 1.0 million in loans, liabilities to banks were reduced to EUR 2.8 million. Cash and cash equivalents dropped to EUR 8.9 million (previous year: EUR 10.9 million). Cash flow from operations stood at EUR 1.7 million, compared to EUR -0.9 million in the previous year. The equity ratio climbed from 59% to 61% as at 31 December 2017, again testifying to Intershop’s sound net assets and financial position. As of the balance sheet date, Intershop employed a total of 338 people worldwide.

Dr. Jochen Wiechen, CEO of Intershop Communications AG: “The year 2017 marked the first success of our “Lighthouse 2020” strategy. Our key task in 2018 will be to accelerate the expansion of the SaaS solutions business, as we expect this market to achieve the highest growth rates. Under the new guideline “Cloud First”, we will push ahead with the standardization of our cloud solution. The recently announced expansion of the Management Board will additionally support the company’s transformation. We are also planning to make further investments in sales and marketing. We want to continue to grow in the future, if possible faster than before.”

The Intershop Management Board is confident that the company’s growth will continue in the current fiscal year and expects Group revenues to grow moderately in 2018. Management also projects slightly positive EBIT as well as a moderate increase in gross profit and the gross margin.

The full consolidated financial statements will be published in mid-March 2018. All financials in this press release are provisional, pending completion of the statutory audit.

About Intershop

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

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

Contact:

Intershop Public Relations

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

Source: Intershop Communications AG

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Whole Planet Foundation launches its Annual Prosperity Campaign on March 1

AUSTIN, Texas, 2018-Feb-23 — /EPR Retail News/ — On Thursday, March 1, Whole Planet Foundation launches its Annual Prosperity Campaign to alleviate poverty around the globe for the world’s poorest people – mostly women – living in communities where Whole Foods Market® sources products. This year’s campaign goal is to raise $3 million to increase the foundation’s current reach of 72 countries and 16 U.S. cities.

“Shopper generosity during the Annual Prosperity Campaign is tremendous. Whole Foods Market customers are part of a global movement of empowering women to change their own lives through their own hard work,” said Joy Stoddard, Whole Planet Foundation development and outreach director. “A loan as small as $11 can shift a women’s self-perception and power her potential to see her own value, have the courage to become a businesswoman and generate income for herself and her family. This campaign enables us all to contribute.”  Because Whole Foods Market covers the foundation’s operational costs, 100 percent of every donation benefits microcredit clients.

The average first loan size supported by Whole Planet Foundation is $183 and the loans do not require a formal contract or collateral.  In some parts of the world where women are often marginalized with little say in decisions, these small loans make a mighty impact.  Microcredits cannot guarantee that a woman will escape poverty herself, but they provide a chance for her to become a participant in her community’s economy, improve her family’s living conditions, and increase nutrition and education for her children.

For example, Maimuna is a microcredit client of Whole Planet Foundation’s microfinance partner Reliance in The Gambia in West Africa.  Maimuna sells bread, dried fish and breakfast items in the village of Nyimina Dankunku where she lives with her family. With her loan of 5,000 Gambian Dalasis (about $117), Maimuna purchased ingredients for the food she prepares. On a good day, she can take home a profit of 300 Gambian Dalasis (about $6).  Microentrepreneurs in the United States run businesses including food carts, flower stands, artisan goods, mobile nail salons, and jewelry, shoes and clothing sales.

“Since 2006 we have funded 2.6 million microloans providing 14.5 million opportunities for a better life. The microfinance organizations we partner with are experts in poverty alleviation and we are seeing reductions in global poverty,” said Philip Sansone, Whole Planet Foundation president and executive director. “We couldn’t do this work without our generous supplier partners who have donated a remarkable ten million dollars for these critical efforts.”

Amplifying this year’s Prosperity Campaign, suppliers to Whole Foods Market are donating $1.2 million to fund 36,000 opportunities for low-income entrepreneurs around the world to change their own lives.  Suppliers donating $100,000 each include Allegro Coffee Company, Chobani, Frontier Co-op, Naked Juice, Papyrus-Recycled Greetings, and Wallaby. Suppliers donating $50,000 each include Alaffia, Bonafide Provisions, Boulder Brands, Hain Celestial, Hiball Energy, IZZE, ORGANIC INDIA, Sambazon, Seventh Generation, Traditional Medicinals and Weleda.

Learn more about the transformative power of microcredit at Whole Planet Foundation, watch the documentary Living On One Dollar to understand extreme poverty, and join the Prosperity Campaign in Whole Foods Market stores or online to power the potential of women entrepreneurs worldwide.

Contact:

SOmedia@wholefoods.com

Source: Whole Foods Market

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JCPenney launches exclusive new brand inspired by young women who promote a positive body image — Obsess

JCPenney launches exclusive new brand inspired by young women who promote a positive body image — Obsess

 

Olympic gold medalist Laurie Hernandez inspires first Obsess capsule collection for Gen Z girls

PLANO, Texas, 2018-Feb-23 — /EPR Retail News/ — JCPenney (NYSE: JCP) is taking a cue from the digitally-connected, social media-inspired tween generation and launching an exclusive new brand, Obsess, that features rotating capsules inspired by influential young women who promote a positive body image. The brand’s first collection, influenced by Olympic gold medalist Laurie Hernandez, features trendy tops, rompers, dresses and jeans designed for all body types. Obsess will launch at JCPenney.com on Feb. 26, and will be available in 500 JCPenney stores beginning March 2.

“Obsess is a very unique brand that allows JCPenney to reach a generation of girls who move rapidly from one fashion trend to another, as they discover new style inspiration through daily social media feeds. By working with inspiring young women like Laurie Hernandez for unique capsule collections under the Obsess brand, JCPenney is able to offer tween girls the fresh, new styles they crave,” said James Starke, senior vice president of merchandising for JCPenney. “As we focus on driving business to JCPenney, we have an opportunity with Obsess to attract an entirely new, and often elusive, Generation Z customer. Gen Z holds $44 billion* in buying power and is on track to becoming the largest consumer segment over the next few years, representing significant sales growth potential.”

The introductory capsule collection for Obsess is an authentic representation of Hernandez’s style. Tween girls will find casual, yet feminine, looks designed for every shape and size, including cold shoulder, peplum tops, bright floral prints, embroidered jeans and, one of Hernandez’s favorite pieces, a teal bomber jacket with pink flowers on the sleeves. Hernandez was personally involved in the development of this line and approved each piece of the collection. Obsess is available for girls in sizes 7 to 20, including plus sizes, with sale prices ranging from $21.99 for an embroidered, ruffled top to $34.99 for a floral dress.

“My body changes so much between training, travel and down time. Comfort is so important. I wanted to create casual, cool clothes for girls of all shapes,” said Hernandez. “I am so excited to launch my Obsess capsule at JCPenney and help girls feel confident and comfortable.”

Obsess will be available within the JCPenney girls’ department complementing a comprehensive assortment of popular brands, including The Original Arizona Jean Co.®, by&by, Nike® and Levi’s®. With rotating concepts, customers will find an entirely new Obsess collection this summer with a distinct aesthetic and style for back-to-school. The next Obsess celebrity collaboration will be announced later this year.

For video and images of Obsess apparel and Laurie Hernandez, please visit: https://www.jcpnewsroom.com/news-releases/2018/0221_obsess_featuring_laurie_hernandez.html

*IBM Institute for Business Value, Uniquely Generation Z

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

JCPenney Media Relations: 
(972) 431-3400
jcpnews@jcp.com
Follow @jcpnews on Twitter for the latest announcements and Company information.

Source: J. C. Penney Company, Inc.

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Apple’s first store in Austria opens Saturday in the heart of Vienna

Vienna, 2018-Feb-23 — /EPR Retail News/ — Apple Kärntner Straße, Apple’s first store in Austria, will open Saturday at 9:30 a.m. in the heart of Vienna. Nestled on the famous pedestrian shopping street between St. Stephen’s Cathedral and the Vienna State Opera, the store’s 150 employees will invite visitors to experience the creative sessions and services offered in Apple Stores around the world.

“We can’t wait to join the bustling city of Vienna, a European crossroads so rich in history and culture,” said Angela Ahrendts, Apple’s senior vice president of Retail. “Apple Kärntner Straße brings the best of Apple together with our products, services and educational programs. Everyone is welcome to connect, be inspired to learn, and unlock their creativity.”

Designed with the original heritage building in mind, the two-level store features a corner entrance and reinstated exposed columns with large window openings that seamlessly connect it to the public gathering space outside. The highly knowledgeable employees together speak 44 languages and will be ready to serve international customers at Apple Kärntner Straße.

Visitors can participate in free Today at Apple sessions every day focused on photography, coding and app development, music, art and design, and more in The Forum. The diverse programs include Quick Start and How To sessions, Music Labs and Studio Hours, all led by Apple Creatives, the store’s experts in liberal arts. Interactive Photo Walks and Sketch Walks take participants outside the store to explore nearby sites in the city while learning new skills.

Programs are designed to serve all in the community, including sessions specifically for educators and children, such as Kids Hour on Saturdays. Entrepreneurs and app developers interested in hands-on training and advice can meet with Apple team members in the Boardroom for customized support.

Customers looking to simply try out Apple products can explore the entire line in the store and learn more from the store team at any time. New owners can get help customizing their iPhone, iPad, Apple Watch or Mac with Personal Setup and users can work side by side with Geniuses at the Genius Bar when looking for technical support and advice. Additionally, the Apple Store app is a personalized guide to the best support options from Apple and another way to get connected with an expert.

Apple Kärntner Straße will open Saturday at 9:30 a.m. To register for Today at Apple sessions, visit apple.com/at/today.

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

Press Contacts:
Nick Leahy
Apple
nleahy@apple.com
(408) 862-5012

Ashley Rivera
Apple
ashley_rivera@apple.com
(408) 862-1381

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

Source: Apple Inc.

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Sequential Brands Group to host Q4 2017 earnings conference call on Wednesday, February 28, 2018

NEW YORK, 2018-Feb-23 — /EPR Retail News/ — Sequential Brands Group, Inc. (“Sequential” or the “Company”) (NASDAQ:SQBG) will issue financial results for its fourth quarter and full year ended December 31, 2017 before the market opens on Wednesday, February 28, 2018.

Management will provide further commentary on the Company’s financial results on a conference call at 8:30am ET that day. To join the conference call, please dial (877) 407-0789 or visit the investor relations page on the Company’s website: www.sequentialbrandsgroup.com

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

Investor Relations Contact:

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

Source: Sequential Brands Group, Inc./globenewswire

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The Lipsey Company named CBRE the top global brand in commercial real estate for the 17th consecutive year

Los Angeles, 2018-Feb-23 — /EPR Retail News/ — CBRE Group, Inc. today (February 21, 2018) announced that The Lipsey Company has named CBRE the top global brand in commercial real estate for the 17th consecutive year.

Lipsey, a training and professional development firm specializing in commercial real estate, has surveyed commercial real estate professionals on their perceptions of the industry’s leading brands since 2002. CBRE has been ranked number one every year that Lipsey has conducted its brand survey. In 2018, more than 150,000 U.S. and international professionals participated in the survey, including property owners, investors, lenders, occupiers, brokers and property managers.

“The business environment has changed significantly in 17 years, but one constant has been the intense focus of CBRE’s professionals in delivering exceptional outcomes for our clients,” said Bob Sulentic, president and chief executive officer of CBRE. “The Lipsey survey results provide another testament to their efforts.”

Earlier this month CBRE was recognized as one of the 100 Most Sustainable Companies in the U.S. by Barron’s and was named one of the 2018 World’s Most Ethical Companies® for the fifth year in a row. Both FORTUNE and Forbes also recently named CBRE one of the best U.S. workplaces for diversity.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

MEDIA CONTACT:

Robert McGrath
212.984.8267
robert.mcgrath@cbre.com

SOURCE: CBRE Group, Inc.

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CBRE Group, Inc. named to The 2018 Global Outsourcing 100® by IAOP®

Los Angeles, 2018-Feb-23 — /EPR Retail News/ — CBRE Group, Inc. (NYSE: CBG) today (February 21, 2018) announced that the company has been named to The 2018 Global Outsourcing 100® by IAOP®. This marks the twelfth consecutive year that CBRE has been named among the world’s elite outsourcing firms across all industries.

The 2018 Global Outsourcing 100 and The World’s Best Outsourcing Advisors recognizes the world’s best outsourcing service providers and advisors. These lists are based on applications received, and judging is based on a rigorous scoring methodology that includes an independent review by an independent panel of IAOP customer members with extensive experience in selecting outsourcing service providers and advisors for their organizations.

“CBRE’s continued recognition by IAOP as a premier global outsourcing company highlights the quality of our professionals, our service offering and our ability to attract and build advantages for first-rate, global organizations,” said Bill Concannon, CEO of Global Workplace Solutions for CBRE.

CBRE’s suite of integrated outsourcing services for occupiers of commercial real estate spans transaction services, facilities management, project management, and strategic consulting. CBRE continues to enhance these services through technology, talent recruitment, mergers-and-acquisitions and other strategic initiatives. It also has bolstered its capabilities within specific industry sectors, including: financial services, healthcare, and life sciences.

“In today’s economy, it is more important than ever for outsourcing buyers to be able to easily identify and select the right company for their outsourcing needs,” said Debi Hamill, IAOP CEO. “The Global Outsourcing 100 and World’s Best Advisors lists are the essential tools companies reference to make smarter decisions. They provide companies with valuable insights into the outsourcing industry, leading and emerging service providers and advisors, and key developments to watch.”

About IAOP

IAOP is the global association that brings together customers, providers, and advisors in a collaborative, knowledge-based environment that promotes professional and organizational development, recognition, certification, and excellence to improve business service models and outcomes. Our members and affiliates worldwide are digging deep at IAOP conferences, learning at IAOP chapter meetings, getting trained and certified at IAOP courses and workshops, and connecting through IAOP social media, all with one goal: better business results. Whether you are a customer, provider or advisor, new to collaborative business models like outsourcing, or you are an experienced professional, IAOP connects you and your organization to our growing global community and to the resources you need to get the results your company deserves and demands. For more information and how you can become involved, visit www.IAOP.org.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

MEDIA CONTACT:

Robert McGrath
212.984.8267
robert.mcgrath@cbre.com

SOURCE: CBRE Group, Inc.

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USDA FSIS: Night Hawk Frozen Foods recalls frozen beef patty and gravy products due to misbranding and undeclared allergens

WASHINGTON, 2018-Feb-22 — /EPR Retail News/ — Night Hawk Frozen Foods, Inc., a Buda, Texas establishment, is recalling approximately 167 pounds of frozen beef patty and gravy products due to misbranding and undeclared allergens, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today (Feb. 20, 2018). The product contains milk, a known allergen, which is not declared on the product label.

The heat treated, but not fully cooked, frozen beef patty and gravy items were produced on Nov. 8, 2017. The following products are subject to recall:

  • 8.75 oz. board cartons labeled as “NIGHT HAWK BEEF PATTY ‘N GRAVY, CHARBROILED BEEF PATTY and GRAVY, POTATO ROUNDS and SWEET CORN.”

The products subject to recall bear establishment number “EST. 2117” inside the USDA mark of inspection. These items were shipped to retail locations in Louisiana and Texas.

The problem was discovered on Feb. 19, 2018 when FSIS was notified that the firm received two consumer complaints of mislabeled products. The cartons actually contain beef patties, mashed potatoes and cheese.

There have been no confirmed reports of adverse reactions due to consumption of these products. Anyone concerned about an injury or illness should contact a healthcare provider.

Consumers who have purchased these products are urged not to consume them. These products should be thrown away or returned to the place of purchase.

FSIS routinely conducts recall effectiveness checks to verify recalling firms notify their customers of the recall and that steps are taken to make certain that the product is no longer available to consumers. When available, the retail distribution list(s) will be posted on the FSIS website at www.fsis.usda.gov/recalls.

Consumers and media with questions about the recall can contact Michelle Anselment, chief operating officer, Night Hawk Frozen Foods, at (512) 295-4166 X 107.

Consumers with food safety questions can “Ask Karen,” the FSIS virtual representative available 24 hours a day at AskKaren.gov or via smartphone at m.askkaren.gov. The toll-free USDA Meat and Poultry Hotline 1-888-MPHotline (1-888-674-6854) is available in English and Spanish and can be reached from 10 a.m. to 6 p.m. (Eastern Time) Monday through Friday. Recorded food safety messages are available 24 hours a day. The online Electronic Consumer Complaint Monitoring System can be accessed 24 hours a day at: https://www.fsis.usda.gov/reportproblem.

USDA Recall Classifications
Class I This is a health hazard situation where there is a reasonable probability that the use of the product will cause serious, adverse health consequences or death.
Class II This is a health hazard situation where there is a remote probability of adverse health consequences from the use of the product.
Class III This is a situation where the use of the product will not cause adverse health consequences.

Contact:
Congressional and Public Affairs
Autumn Canaday
(202) 720-9113
Press@fsis.usda.gov

Source: USDA