British Land: Eataly to open its first UK location at Broadgate’s 135 Bishopsgate in 2020

British Land: Eataly to open its first UK location at Broadgate’s 135 Bishopsgate in 2020

 

LONDON, 2018-Mar-06 — /EPR Retail News/ — British Land and Eataly, the Italian marketplace, announce that Eataly is to open its first UK location at Broadgate’s 135 Bishopsgate in 2020. Eataly has signed an agreement for lease for 42,000 sq ft on the ground and first floors of the building.

Eataly’s original idea is very simple: to gather all the high-quality Italian foods under one roof, where you can eat, shop and learn. With a selection of the best Italian products, restaurants, bars, quick services, exciting on-site production laboratories, and a cooking school, Eataly will add to the already popular restaurant and bar offering at Broadgate, bringing many opportunities to learn about Italian food and culture though courses, guided tastings, demonstrations and special events.

The letting marks yet another positive step in Broadgate’s evolution into a mixed-use neighbourhood for London, and sets the tone for the world class retail destination that British Land is delivering at the campus.

135 Bishopsgate’s refurbishment is part of British Land’s wider focus on enhancing the environment for Broadgate’s workers and visitors and attracting businesses from a range of sectors to the campus. The upgraded building will deliver high quality office space for occupiers, who will benefit from a roof terrace with views over London, as well as an in-house catering offer and a café, both provided by Eataly. British Land is making significant improvements to the public realm on Bishopsgate, one of London’s busiest streets.

Eataly’s marketplace will be accessible from both Bishopsgate and Broadgate’s Exchange Square which is due to be transformed into a new park for the campus. These additional entrances will significantly improve the campus’ permeability and its connections with the lively surrounding areas of Spitalfields and Shoreditch.

Claire Barber, Head of Central London Retail and Meadowhall, British Land said: “Eataly’s decision to take space at Broadgate is a fantastic endorsement of British Land’s strategy to create a vibrant, world class neighbourhood at the campus.

“Along with arrival of the Elizabeth Line at 100 Liverpool Street this year, and the high quality retail space due to open at 100 Liverpool Street in 2019, Eataly will really put Broadgate on the map as an exciting destination for Londoners to enjoy seven days a week.”

Luca Baffigo, CEO, Eataly said: “Visiting Borough Market before opening our first Eataly in Italy was a source of great inspiration for our concept. This is why opening a place in London where people can buy, eat and learn is a very important and exciting milestone for us. Being able to bring our model into a place that is so significant for us fills us with satisfaction and stimulates us to create in London a wonderful multifunctional experience.”

This letting is the most recent in a series of commitments from a range of occupiers at Broadgate, including cyber security and data management company Mimecast, which is taking 79,000 sq ft at 1FA (currently undergoing a major refurbishment), and Japanese bank SMBCE which is taking 161,000 sq ft at 100 Liverpool Street.

For further details on Broadgate, visit www.broadgate.co.uk.

About British Land

Our portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. We own or manage a portfolio valued at £18.1 billion (British Land share: £13.5 billion) as at 30 September 2017 making us one of Europe’s largest listed real estate investment companies.

Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer. We do this by creating great environments both inside and outside our buildings and use our scale and placemaking skills to enhance and enliven them. This expands their appeal to a broader range of occupiers, creating enduring demand and driving sustainable, long term performance.

Our Retail portfolio is focused on Regional and Local multi-let centres, and accounts for 49% of our portfolio. Our Offices portfolio comprises three office-led campuses in central London as well as high quality standalone buildings and accounts for 49% of our portfolio. Increasingly our focus is on providing a mix of uses and this is most evident at Canada Water, our 46 acre redevelopment opportunity where we have plans to create a new neighbourhood for London.

Sustainability is embedded throughout our business. Our places, which are designed to meet high sustainability standards, become part of local communities, provide opportunities for skills development and employment and promote wellbeing. Our industry-leading sustainability performance led to British Land being awarded a five star rating in the 2017 Global Real Estate Sustainability Benchmark for the second year running.

In April 2016 British Land received the Queen’s Award for Enterprise: Sustainable Development, the UK’s highest accolade for business success for economic, social and environmental achievements over a period of five years.

Further details can be found on the British Land website at www.britishland.com.

About Eataly

Eataly, which in the last year generates sales of roughly EUR 400 million, has 40 shops in 12 countries, offering to more than 30 million of visitors the best cottage-industry products at sustainable prices, limiting the distribution chain to the utmost and creating direct contact between the producer and the final distributor, skipping the intermediate stages in the chain. The main goal is to increase the percentage of those who eat with awareness, choosing high-quality Italian products and paying special attention to the source and processing of raw materials.

The philosophy adopted by Eataly is twofold: on the one hand, it offers products, both for sale and used as ingredients in catering; on the other hand, it offers education, including cooking classes, tastings, encounters with great chefs, important wine or beer producers or craftsmen, free education for children and senior citizens. The latter aspect summarises the true originality of Eataly and represents the starting-point in leading consumers to perceive quality, which can encourage the sense of taste and enjoyment that makes a human being more satisfied and happier. More on www.eataly.com

Enquiries:
Investor Relations:
David Walker
British Land
020 7467 3418

Media:
Claire Turvey
FTI Consulting
020 3727 1000

Source: British Land

###

Casino Group becomes RelevanC’s sole shareholder

Saint-Étienne, France, 2018-Mar-06 — /EPR Retail News/ — RelevanC, the start-up created on 11 October 2017 by the Casino Group and RedPill, offers mining and analytics services for high quality, relevant data, based on both consumers’ actual in-store purchases and their online behaviour.

Mining these data makes it possible not only to conduct in-depth consumer studies, but also to roll out targeted digital advertising campaigns and measure their impact on actual brick and mortar sales.

RelevanC’s initial launch phase, led by recently appointed Chief Executive Officer Adrien Vincent, has now been completed.

Specifically:

  • the web platform for interfacing with advertisers, media agencies and research institutes has been designed and is now fully up and running;
  • consumer data from the Casino Group’s banners (Cdiscount, Monoprix, Géant, Casino Supermarkets, Franprix, etc.) have been enriched, thanks to partnerships formed with premium media, including TF1, Aufeminin.com, France Télévisions and Amaury Media;
  • the performance measurement application, which determines the impact of a digital advertising campaign on actual in-store buying behaviour, has been developed and the initial outcomes with major food brands are promising.

After this successful incubation phase, Casino and RedPill decided to amend their agreements in order to launch the company’s growth phase.

The Casino Group has now become RelevanC’s sole shareholder and is reaffirming its goal of positioning itself in this new, fast-growing business by actively mining all the potential of its data.

PRESS CONTACT:
Agence IMAGE SEPT
Tel.: +33 (0)1 53 70 74 84
Karine Allouis – kallouis@image7.fr
Grégoire Lucas – gregoire.lucas@image7.fr

Source: Casino Group

Macerich to participate in the Citi 2018 Global Property CEO Conference in Hollywood, Florida

SANTA MONICA, Calif., 2018-Mar-06 — /EPR Retail News/ — Macerich® (NYSE: MAC) today (03/05/18) announced that Art Coppola, CEO and Chairman, Ed Coppola, President and Tom O’Hern, Senior Executive Vice President and CFO will participate in the Citi 2018 Global Property CEO Conference in Hollywood, Florida.

Macerich will participate in a roundtable discussion from approximately 2:55 p.m. to 3:30 p.m. Eastern Time, on Monday, March 5, 2018.  Interested parties can listen to a live audio only webcast of the discussion on the Macerich website at www.macerich.com (Investing Section). To listen, please go to the website, at least fifteen minutes prior to the start of the discussion in order to register.  An online replay of the webcast will be available one hour after the conclusion of the live event and will be available until May 1, 2018.

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 53 million square feet of real estate consisting primarily of interests in 48 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor.

A recognized leader in sustainability, Macerich has earned NAREIT’s prestigious “Leader in the Light” award every year from 2014-2017. For the third straight year in 2017 Macerich achieved the #1 GRESB ranking in the North American Retail Sector, among many other environmental accomplishments. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

Contact:

Jean Wood
Vice President
Investor Relations
(424-229-33

SOURCE: Macerich

JCPenney announces 4Q 2017 financial and full year results

  • Fourth Quarter Comparable Sales Increase 2.6%
  • Outstanding Debt Reduced by Over $600 Million in 2017

PLANO, Texas, 2018-Mar-06 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) today (Mar. 2, 2018) announced financial results for its fiscal fourth quarter and full year ended Feb. 3, 2018. Comparable sales increased 2.6 % for the fourth quarter and increased 0.1 % for full year 2017. Fourth quarter earnings per share was $0.81 and full year net loss per share was ($0.37). Fourth quarter adjusted earnings per share was $0.57 and full year adjusted earnings per share was $0.22. A reconciliation of GAAP to non-GAAP financial measures is included in the schedules accompanying the consolidated financial statements in this release.

Marvin R. Ellison, chairman and chief executive officer said, “We are encouraged by our results for the fourth quarter and for fiscal 2017. Through the hard work and dedication of the entire JCPenney team, we delivered our second consecutive year of positive adjusted earnings. For 2017, we improved adjusted earnings per share by 175 %, reduced our outstanding debt levels by over $600 million and generated over $200 million of free cash flow. During the fourth quarter, we delivered our strongest positive sales comps and achieved our largest gross margin improvement for the year. Our fourth quarter gross margin improvement, combined with our continued commitment to expense discipline, helped us generate adjusted earnings per share of $0.57 for the quarter.”

Ellison continued, “In 2018, we will intensify our market share efforts in Appliances, Mattresses and Furniture, while continuing to take steps to modernize our apparel assortment and omni-channel. Our strategy and plan is clear and consistent, and we remain focused on two critical factors – to operate the business for growth and deliver profitable earnings. I would like to thank our nearly 100,000 associates around our company for their hard work and more importantly, for their commitment to JCPenney.”

Fourth Quarter 2017 Results
Total net sales for the 14 weeks ended Feb. 3, 2018 increased 1.8 % to $4.03 billion compared to $3.96 billion for the 13 weeks ended Jan. 28, 2017. Comparable sales increased 2.6 % in the fourth quarter and were on the same 13 week basis as the fourth quarter last year.

Jewelry, Home, Sephora, Footwear and Handbags and Salon were the Company’s top performing divisions during the quarter. Geographically, the Southeast and Gulf Coast were the best performing regions of the country.

Cost of goods sold, which excludes depreciation and amortization, was $2.68 billion, or 66.4 % of sales, compared to $2.65 billion, or 66.9 % of sales in the same period last year. The improvement was primarily driven by decreased promotional activity during the quarter resulting from an improved inventory position. This improvement was partially offset by the continued growth in the Company’s online and major appliance businesses and higher shrink rates.

SG&A expenses were $943 million compared to $925 million for the same period last year. As a percentage of sales, SG&A expenses were 23.4 % and flat compared to last year. Reductions primarily in store controllable costs and marketing spend were partially offset by lower credit income and higher incentive compensation.

Net income was $254 million, or $0.81 per share, compared to net income of $192 million, or $0.61 per share in the same period last year. The improvement was primarily due to a $75 million tax reform benefit recorded in the fourth quarter this year.

Adjusted net income was $179 million, or $0.57 per share, for the fourth quarter this year. Adjusted net income for the fourth quarter last year was $202 million, or $0.64 per share, which included a gain of $62 million, or $0.20 per share, associated with the sale of the Company’s home office.

Full Year 2017 Results
Total net sales decreased (0.3) % to $12.51 billion compared to $12.55 billion last year. Comparable sales increased 0.1 % for full year 2017. The slight decline in total net sales was primarily due to store closures in 2017, most of which closed in the first half of the year, and was partially offset by incremental sales for the 53rd week.

For the year, cost of goods sold, which excludes depreciation and amortization, was $8.17 billion, or 65.4 % of sales, compared to $8.07 billion, or 64.3 % of sales last year. This increase was primarily driven by the liquidation of both closed store and slow-moving inventory, the continued growth in the Company’s online and major appliance businesses and higher shrink rates.

SG&A expenses declined 2 % or $70 million to $3.47 billion, or 27.7 % of sales, a decrease of 50 basis points as a percentage of sales compared to last year. These savings were primarily driven by reductions in store controllable costs and marketing efficiencies, which were partially offset by lower credit income and higher incentive compensation.

Net loss was ($116) million, or ($0.37) per share, compared to net income of $1 million, or $0.00 per share last year. This reduction was driven primarily by restructuring charges associated with the fiscal 2017 store closures and voluntary early retirement program.

Adjusted net income increased $44 million to $68 million, or $0.22 per share, compared to adjusted net income of $24 million, or $0.08 per share, last year.

Adjusted EBITDA was $972 million compared to $1.01 billion last year.

Inventory at year-end was $2.76 billion, a decrease of 3.2 % compared to last year-end. Capital expenditures for the year, net of landlord allowances, were $375 million. Free cash flow was a positive $213 million for full year 2017, an increase of $210 million versus last year.

Cash and cash equivalents at the end of year were $458 million. During fiscal 2017, the Company reduced its outstanding debt position by over $600 million. The Company ended the fiscal year with liquidity in excess of $2.3 billion.

Outlook
The Company’s 2018 full year guidance is as follows:

  • Comparable store sales: expected to be 0.0 % to 2.0 %; and
  • Adjusted earnings per share1: expected to be $0.05 to $0.25.

1 A reconciliation of non-GAAP forward-looking projections to GAAP financial measures is not available as the nature or amount of potential adjustments, which may be significant, cannot be determined at this time.

Fourth Quarter and Full Year Earnings Conference Call Details

At 8:30 a.m. ET today, the Company will host a live conference call conducted by Chairman and Chief Executive Officer Marvin R. Ellison and Chief Financial Officer Jeffrey Davis. Management will discuss the Company’s performance during the quarter and take questions from participants. To access the conference call, please dial (844) 243-9275, or (225) 283-0394 for international callers, and reference 6887218 conference ID or visit the Company’s investor relations website at http://ir.jcpenney.com. Supplemental slides will be available on the Company’s investor relations website approximately 10 minutes before the start of the conference call.

Telephone playback will be available for seven days beginning approximately two hours after the conclusion of the conference call by dialing (855) 859-2056, or (404) 537-3406 for international callers, and referencing 6887218 conference ID.

Investors and others should note that we currently announce material information using SEC filings, press releases, public conference calls and webcasts.  In the future, we will continue to use these channels to distribute material information about the Company and may also utilize our website and/or various social media to communicate important information about the Company, key personnel, new brands and services, trends, new marketing campaigns, corporate initiatives and other matters. Information that we post on our website or on social media channels could be deemed material; therefore, we encourage investors, the media, our customers, business partners and others interested in our Company to review the information we post on our website as well as the following social media channels:

Facebook (https://www.facebook.com/jcp) and Twitter (https://twitter.com/jcpnews).

Any updates to the list of social media channels we may use to communicate material information will be posted on the Investor Relations page of the Company’s website at www.jcpenney.com.

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 approximately 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.

Forward-Looking Statements 
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expect” and similar expressions identify forward-looking statements, which include, but are not limited to, statements regarding sales, cost of goods sold, selling, general and administrative expenses, earnings, cash flows and interest expense. Forward-looking statements are based only on the Company’s current assumptions and views of future events and financial performance. They are subject to known and unknown risks and uncertainties, many of which are outside of the Company’s control that may cause the Company’s actual results to be materially different from planned or expected results. Those risks and uncertainties include, but are not limited to, general economic conditions, including inflation, recession, unemployment levels, consumer confidence and spending patterns, credit availability and debt levels, changes in store traffic trends, the cost of goods, more stringent or costly payment terms and/or the decision by a significant number of vendors not to sell us merchandise on a timely basis or at all, trade restrictions, the ability to monetize assets on acceptable terms, the ability to implement our strategic plan including our omnichannel initiatives, customer acceptance of our strategies, our ability to attract, motivate and retain key executives and other associates, the impact of cost reduction initiatives, our ability to generate or maintain liquidity, implementation of new systems and platforms, changes in tariff, freight and shipping rates, changes in the cost of fuel and other energy and transportation costs, disruptions and congestion at ports through which we import goods, increases in wage and benefit costs, competition and retail industry consolidations, interest rate fluctuations, dollar and other currency valuations, the impact of weather conditions, risks associated with war, an act of terrorism or pandemic, the ability of the federal government to fund and conduct its operations, a systems failure and/or security breach that results in the theft, transfer or unauthorized disclosure of customer, employee or Company information, legal and regulatory proceedings and the Company’s ability to access the debt or equity markets on favorable terms or at all. There can be no assurances that the Company will achieve expected results, and actual results may be materially less than expectations. Please refer to the Company’s most recent Form 10-Q for a further discussion of risks and uncertainties. Investors should take such risks into account and should not rely on forward-looking statements when making investment decisions. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We do not undertake to update these forward-looking statements as of any future date.

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

Investor Relations: 
(972) 431-5500
jcpinvestorrelations@jcpenney.com

Source: J. C. Penney Company, Inc.

JCPenney announces leadership appointments

Company initiates personnel actions to streamline job functions and reduce expenses

PLANO, Texas, 2018-Mar-06 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) today (March 2, 2018) announced the appointment of Joe McFarland as executive vice president and chief customer officer, a newly-expanded role that includes responsibility for merchandising, as well as leading all JCPenney store operations. To ensure the positive momentum of its merchandising transformation, Jodie Johnson has been promoted to head of merchandising for women’s, beauty and family footwear; and James Starke has been promoted to head of merchandising for men’s, children’s, home and jewelry, both reporting to McFarland. Additionally, Therace Risch, will assume the combined titles of Chief Information Officer and Chief Digital Officer to reflect her added responsibility for omnichannel retail. As a result of this appointment, Mike Amend will be leaving the Company.

“Joe, Therace, Jodie and James are remarkable executive leaders who have demonstrated their ability to spearhead critical tasks and drive results and efficiencies along the way. Joe is a dedicated advocate for our associates, and knows first-hand how successful we can be when associates are empowered to deliver the best shopping experience possible. Jodie and James are credited for leading the turnaround of our merchandising strategy, and will continue to advance this effort by delivering the best assortment of style and value offered by any retailer. Appointing both Jodie and James to lead our merchant teams will ensure that we push merchandising decisions closer to the division heads and buyers for increased speed and efficiency. Furthermore, Therace understands the power of technology, and how it can significantly influence and enhance the way consumers shop and ultimately, be the point of differentiation on where they choose to buy,” said Marvin R. Ellison, chairman and chief executive officer for JCPenney. “By merging these critical retail functions under the oversight of four proven leaders, we can better align our operations to ensure every aspect of the business is focused on the customer experience.”

Home Office and Field Actions
As part of ongoing efforts to manage expenses, simplify operations and streamline workload in support of the Company’s long-term growth and profitability, approximately 130 Home Office positions were eliminated across various departments. Additionally, JCPenney recently restructured its group, regional, district and store support teams. This restructure eliminated bureaucracy, reduced support positions and reallocated store headcount to customer-facing positions. While the restructuring enabled the vast majority of impacted associates to assume a new role or leadership position within the stores organization, approximately 230 positions were subsequently eliminated. The annual cost savings generated from the home office and store reorganization are estimated at approximately $20-$25 million.

“As the Company continues to make progress on its strategic framework and implement new processes and organizational efficiencies, it is imperative that we maintain a thoughtful approach to managing expenses, while effectively supporting the needs of the business,” added Ellison. “I would like to thank Mike Amend for his service with the Company and wish him well in his future endeavors. Through his hard work, JCPenney has advanced its omnichannel capabilities, laying the groundwork for further innovation and growth.”

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 approximately 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.

Forward-Looking Statements
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expect” and similar expressions identify forward-looking statements, which include, but are not limited to, statements regarding sales, cost of goods sold, selling, general and administrative expenses, earnings, cash flows and interest expense. Forward-looking statements are based only on the Company’s current assumptions and views of future events and financial performance. They are subject to known and unknown risks and uncertainties, many of which are outside of the Company’s control that may cause the Company’s actual results to be materially different from planned or expected results. Those risks and uncertainties include, but are not limited to, general economic conditions, including inflation, recession, unemployment levels, consumer confidence and spending patterns, credit availability and debt levels, changes in store traffic trends, the cost of goods, more stringent or costly payment terms and/or the decision by a significant number of vendors not to sell us merchandise on a timely basis or at all, trade restrictions, the ability to monetize assets on acceptable terms, the ability to implement our strategic plan including our omnichannel initiatives, customer acceptance of our strategies, our ability to attract, motivate and retain key executives and other associates, the impact of cost reduction initiatives, our ability to generate or maintain liquidity, implementation of new systems and platforms, changes in tariff, freight and shipping rates, changes in the cost of fuel and other energy and transportation costs, disruptions and congestion at ports through which we import goods, increases in wage and benefit costs, competition and retail industry consolidations, interest rate fluctuations, dollar and other currency valuations, the impact of weather conditions, risks associated with war, an act of terrorism or pandemic, the ability of the federal government to fund and conduct its operations, a systems failure and/or security breach that results in the theft, transfer or unauthorized disclosure of customer, employee or Company information, legal and regulatory proceedings and the Company’s ability to access the debt or equity markets on favorable terms or at all. There can be no assurances that the Company will achieve expected results, and actual results may be materially less than expectations. Please refer to the Company’s most recent Form 10-Q for a further discussion of risks and uncertainties. Investors should take such risks into account and should not rely on forward-looking statements when making investment decisions. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We do not undertake to update these forward-looking statements as of any future date.

Media Relations:
(972) 431-3400
jcpnews@jcp.com
follow us at @jcpnews on Twitter.

Investor Relations:
(972) 431-5500
jcpinvestorrelations@jcpenney.com

Source: J. C. Penney Company, Inc.

Maxi named Serbia’s favorite supermarket brand at the eighth annual “My Choice” awards

Maxi named Serbia’s favorite supermarket brand at the eighth annual “My Choice” awards

Belgrade, Serbia, 2018-Mar-06 — /EPR Retail News/ — Our great local brands in Serbia got some great news last week with the selection of Maxi as Serbia’s favorite supermarket brand. Maxi received a “My Choice 2018″ award in the retail category during a ceremony in Belgrade, while Tempo came in second.

Organized by the “My Serbia” association and the Chamber of Commerce and Industry of Serbia, the eighth annual “My Choice” awards honor the best domestic products and brands based on a survey of consumers. The survey included more than 1,900 people in 10 cities in Serbia who voted for their favorites in 24 categories.

“When consumers recognize you as their first choice and confirm that Maxi is their first recommendation, you have greater responsibility and an obligation to be even better. At the same time, this is a sign that they truly recognize our efforts to become an even better place to shop and to be an even better neighbor to them every day,” said Quentin Royer, COO of Delhaize Serbia. “We will continue to improve our offer so customers can choose from a broad assortment of quality products, allowing them to make the healthiest choices for themselves and their families.”

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

Source: Ahold Delhaize

###

Taubman Centers declares a regular quarterly dividend of $0.655 per share of common stock

BLOOMFIELD HILLS, Mich., 2018-Mar-06 — /EPR Retail News/ — The Board of Directors of Taubman Centers, Inc. (NYSE: TCO) today (03/02/2018) declared a regular quarterly dividend of $0.655 per share of common stock, an increase of 4.8 percent. The common dividend is payable March 30, 2018 to shareholders of record on March 15, 2018. Since the company went public in 1992 it has never reduced its regular common dividend and has increased its dividend 21 times.

The Board of Directors also declared quarterly dividends of $0.40625 on its 6.5% Series J Cumulative Preferred Shares (NYSE: TCO PR J) and $0.390625 on its 6.25% Series K Cumulative Preferred Shares (NYSE: TCO PR K). The preferred dividends will be payable March 30, 2018 to shareholders of record on March 15, 2018.

About Taubman

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 27 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com.

For ease of use, references in this press release to “Taubman Centers,” “company,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. Forward-looking statements can be identified by words such as “will”, “may”, “could”, “expect”, “anticipate”, “believes”, “intends”, “should”, “plans”, “estimates”, “approximate”, “guidance” and similar expressions in this press release that predict or indicate future events and trends and that do not report historical matters. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, the company assumes no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks, uncertainties and other factors. Such factors include, but are not limited to: changes in market rental rates; unscheduled closings or bankruptcies of tenants; relationships with anchor tenants; trends in the retail industry; challenges with department stores; changes in consumer shopping behavior; the liquidity of real estate investments; the company’s ability to comply with debt covenants; the availability and terms of financings; changes in market rates of interest and foreign exchange rates for foreign currencies; changes in value of investments in foreign entities; the ability to hedge interest rate and currency risk; risks related to acquiring, developing, expanding, leasing and managing properties; competitors gaining economies of scale through M&A and consolidation activity; changes in value of investments in foreign entities; risks related to joint venture properties; insurance costs and coverage; security breaches that could impact the company’s information technology, infrastructure or personal data; costs associated with response to technology breaches; the loss of key management personnel; shareholder activism costs and related diversion of management time; terrorist activities; maintaining the company’s status as a real estate investment trust; changes in the laws of states, localities, and foreign jurisdictions that may increase taxes on the company’s operations; and changes in global, national, regional and/or local economic and geopolitical climates. You should review the company’s filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

Contact:
Ryan Hurren
Taubman, Director, Investor Relations,
248-258-7232
rhurren@taubman.com

Maria Mainville
Taubman, Director, Strategic Communications
248-258-7469
mmainville@taubman.com

Source: Taubman Centers, Inc.

CBL Properties President and Chief Executive Officer Stephen D. Lebovitz to present at the Citi 2018 Global Property CEO Conference

CHATTANOOGA, Tenn., 2018-Mar-06 — /EPR Retail News/ — CBL Properties (NYSE: CBL) today (3/2/2018) announced that it will provide an online audio webcast of the presentation given by its President and Chief Executive Officer, Stephen D. Lebovitz, at the Citi 2018 Global Property CEO Conference in Hollywood, Florida. The presentation will take place on Monday, March 5, 2018, at 8:50 a.m. ET.

The live webcast of CBL’s presentation will be available online at cblproperties.com. The online replay will follow shortly after the presentation ends and continue for 30 days.

About CBL Properties
Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL’s portfolio is comprised of 119 properties totaling 74.4 million square feet across 27 states, including 76 high-quality enclosed, outlet and open-air retail centers and 12 properties managed for third parties. CBL continuously strengthens its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information visit cblproperties.com

Contact:

CBL Properties
Katie Reinsmidt
423-490-8301
Executive Vice President & Chief Investment Officer
Katie.Reinsmidt@cblproperties.com

Source: CBL Properties

NEW ZEALAND: Foodstuffs North Island acquires Highland Park Shopping Centre

AUCKLAND, New Zealand, 2018-Mar-06 — /EPR Retail News/ — Foodstuffs North Island Ltd is excited to announce the purchase of the well-established Highland Park Shopping Centre, with a view to eventually bringing a new shopping option to the high growth East Auckland area.

The Centre will be redeveloped over time. The redevelopment will be designed to accommodate existing retailers and to ultimately include a PAK’nSAVE supermarket. The co-operative believes the proposed redevelopment will offer locals the opportunity to enjoy New Zealand’s lowest food prices.

The current owners, Highland Centre Limited, have owned the Highland Park Shopping Centre for 20 years. Over this time, they have come to know many of their tenants personally, as such, the decision to sell was given a great deal of thought.

“After all these years we are pleased to be able to sell to a 100% New Zealand owned company which is committed to providing a valuable service to the Highland Park and wider East Auckland community,” says Mark Townsend, Director, Highland Centre Limited.

Lindsay Rowles, Foodstuffs North Island General Manager, Property Development says, “The purchase is an exciting milestone for the Co-operative. While we are still very much in the planning and evaluation stage, we are considering adding a PAK’nSAVE to the Highland Park and wider Eastern Bays area, which ultimately means we are able to offer customers more choice.”

“The details are still to be worked through. Our focus right now is on working with the existing tenants to ensure they have all the information they need as the redevelopment begins to take shape.”

The rights and interests of existing tenants will be taken into account, including the Countdown supermarket in the Centre which is not directly affected by the current redevelopment proposal.

Colliers has been appointed by Foodstuffs North Island as the managing agent for the Highland Park Shopping Centre. They are handling the process on behalf of Foodstuffs and are responsible for all property, facilities and marketing management associated with the site.

“We know the news that Foodstuffs has purchased the Shopping Centre could mean uncertainty for its current tenants, and we are very mindful of this”, says Rowles.

“The Foodstuff team wants all tenants, some of whom have been here for many years, to feel supported and, with Colliers, are endeavouring to make this process as seamless as possible.

MEDIA ENQUIRIES:
Foodstuffs Communications Team Phone: 0800 376 3342

Source: Foodstuffs North Island Ltd

Harris Teeter integrates North Carolina Controlled Substance Reporting System across its pharmacies in North Carolina

Matthews, N.C., 2018-Mar-06 — /EPR Retail News/ — Harris Teeter announced today (Mar. 01, 2018) enhancements to its North Carolina pharmacy operations. Harris Teeter Pharmacies across North Carolina can now instantly review a patient’s controlled substance use through the State’s Prescription Monitoring Program, known as the North Carolina Controlled Substance Reporting System (“NCCSRS”).

“With the opioid crisis our state and nation are facing, this is an important and exciting tool that our pharmacists in North Carolina can now use to instantly access the prescription drug monitoring program data and ultimately help deter prescription drug abuse,” said Dr. Mandy Cohen, secretary of the NC Department of Health and Human Services. “Our thanks to Harris Teeter for joining this potentially life-saving effort at no cost to the state.”

Integration allows busy pharmacists the ability to quickly review patient data within their workflow to prevent the abuse and misuse of controlled substance medications. Immediate access to prescription drug monitoring programs within the pharmacy workflow puts the best information and insights available into the hands of our pharmacists to ensure the safety of our patients and to comply with state and federal regulations.

Harris Teeter operates 110 pharmacies throughout its home state of North Carolina; the company also partners with local law enforcement to host annual “Take Back” programs in select stores, where shoppers are encouraged to return unused or expired medications to their Harris Teeter pharmacy.

www.harristeeter.com

Source: Harris Teeter