Sonic Announces Increase to Share Repurchase Program
OKLAHOMA CITY, 2016-May-20 — /EPR Retail News/ — Sonic Corp. (NASDAQ:SONC), the nation's largest chain of drive-in restaurants, today announced that certain of its subsidiaries have issued $425 million of Series 2016-1 Class A-2 Fixed Rate Senior Secured Notes (the "2016 Fixed Rate Notes") in a private securitization transaction. The 2016…
Business
ATLANTA, 2016-May-20 — /EPR Retail News/ — The Home Depot®, the world's largest home improvement retailer, today reported sales of $22.8 billion for the first quarter of fiscal 2016, a 9.0 percent increase from the first quarter of fiscal 2015. Comparable store sales for the first quarter of fiscal 2016 were positive 6.5 percent, and comp sales for…
WASHINGTON, 2016-May-20 — /EPR Retail News/ — The National Council of Chain Restaurants issued the following statement from Executive Director Rob Green strongly objecting to the Labor Department's new federal overtime regulations:
“By dramatically increasing the wage threshold for determining a restaurant manager’s overtime eligibility, key management positions will be eliminated, restaurant employee career advancement will be derailed and workplace…
BRUSSELS, Belgium, 2016-May-20 — /EPR Retail News/ — Delhaize Group discloses information with respect to the acquisition of treasury shares in accordance with Belgian law.
Delhaize Group has recently acquired 313 202 shares pursuant to a share buy-back program with a Belgian credit institution for the purchase of Delhaize Group shares in order to satisfy exercises…
Retailers Appeal to Congress to Block Overtime Expansion
WASHINGTON, 2016-May-20 — /EPR Retail News/ — The National Retail Federation today released the following statement from Senior Vice President for Government Relations David French in response to the Department of Labor’s new overtime rules:
“These rules are a career killer. With the stroke of a pen, the Labor Department…
• BNP Paribas and Carrefour are testing a new secure mobile services model designed to make life easier for the customer
• A ground-breaking initiative, which will be open to all retailers
PARIS, 2016-May-20 — /EPR Retail News/ — BNP Paribas and Carrefour are about to test an application that will enable customers to pay for purchases…
Boulogne-Billancourt, 2016-May-20 — /EPR Retail News/ — At the Annual General Meeting held today, Carrefour's shareholders approved the proposed €0.70 per share dividend for the 2015 financial year and decided to offer shareholders an option to receive the dividend payment in shares.
The issue price of the new shares to be issued in consideration for the dividend…
Final Rule Undermines Important Employee Benefits And Creates Enormous Burdens For Employers
Arlington , VA, 2016-May-20 — /EPR Retail News/ — The Retail Industry Leaders Association (RILA) issued the following statement from Jennifer Safavian, executive vice president for government affairs, in response to published reports about the U.S. Department of Labor's overtime rule.
"While a review of the…
LONDON, 2016-May-19 — /EPR Retail News/ — BRC Global Standards has today announced the launch in June of a new voluntary module assessing food safety culture.
The module is being offered in partnership with Taylor Shannon International (TSI), industry leaders in the fields of food safety, management, education and organisational culture. Drawing on decades of academic research,…
BRC: full range of solutions and tools designed to assist you in preparing to meet FSMA expectations
LONDON, 2016-May-19 — /EPR Retail News/ — BRC is pleased to announce the development of a full range of solutions and tools designed to assist you in preparing to meet FSMA expectations. In addition, these tools will help effectively evaluate how prepared the supply chain is.
BRC Global Standards contracted The Acheson Group (TAG) to assess the…
C H Williams Talhar & Wong Malaysia (WTW) and CBRE will deliver a premier, full-service offering for clients across Malaysia.
Los Angeles, CA, 2016-May-18 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that it has entered into an agreement to acquire a 49 percent interest in Malaysia’s leading real estate services provider, C H…
Riyadh, Kingdom of Saudi Arabia, 2016-May-18 — /EPR Retail News/ — Saudi Automotive Services Company (SASCO) announces signing on May 09, 2016, a mutual cooperation agreement with Shahia Food Limited Company, the sole authorized franchisee of DUNKIN DONUTS brand in Saudi Arabia.
This cooperation agreement states that Shahia, through its DUNKIN DONUTS brand, will open shops in…
DULUTH, Ga., 2016-May-18 — /EPR Retail News/ — NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, was selected to participate at FinovateSpring 2016, May 10-11, 2016 in San Jose, California.
NCR demonstrated its omni-channel integration and transformation platform, highlighted by its Transaction Data Manager solution. The demonstration ran on an open API platform, which is…
Company also will lead informational mini-sessions on trending industry topics
DULUTH, Ga., 2016-May-18 — /EPR Retail News/ — Restauranteurs looking for strategies to engage customers across various channels can attend an NCR-led session on the topic on May 23 at the National Restaurant Association Show.
NCR’s Jon Lawrence, senior director of hospitality product marketing, will discuss ways operators…
Will Receive $250 Million Termination Fee from Staples
Executes $1.2 Billion Five-Year Extension to its Credit Facility
Finalizing Comprehensive Business Review
BOCA RATON, Fla., 2016-May-18 — /EPR Retail News/ — Office Depot, Inc. (NASDAQ: ODP) today announced that the merger agreement between Staples, Inc. (NASDAQ: SPLS) and Office Depot has been terminated. As a result, Office…
Sustainability bond offering is part of Starbucks comprehensive approach to sustainable coffee sourcing and industry leading efforts for positive environmental and social impacts in the global coffee supply chain.
SEATTLE, 2016-May-18 — /EPR Retail News/ — Starbucks Corporation (NASDAQ: SBUX) today announced that it has closed an underwritten public offering of senior notes, including the first U.S.…
Hudson’s Bay Company expands European presence with plans for up to 20 new stores in the Netherlands
Canada's premium department store banner Hudson's Bay and off-price banner Saks OFF 5TH expected to launch first stores in summer 2017 utilizing HBC's existing European platform
Plans to open up to 20 stores over the next 24 months
Expansion is expected to create approximately 2,500 store jobs and 2,500 construction jobs in key Dutch cities…
GE Oil & Gas, Kellogg’s, Brooks Brothers, Ferrara Candy Company, GPT Group, Hoya Corporation, Lionsgate, Macmillan Publishers India, RWE Czech Republic, Zappos.com, and Bart & Associates Inc., among the many customers running SAP on AWS
SEATTLE, 2016-May-17 — /EPR Retail News/ — Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ:AMZN), shared today that more and more…
STOCKHOLM, SWEDEN, 2016-May-17 — /EPR Retail News/ — The H&M Group’s sales including VAT increased by 5 percent in local currencies in April 2016 compared to the same month the previous year.
The cold spring which continued into April in several of H&M’s large markets has had an unfavourable impact on sales of transitional garments.
The total number of stores…
WOONSOCKET, R.I., 2016-May-17 — /EPR Retail News/ — CVS Health Corporation ("CVS Health", NYSE: CVS) announced today that it has commenced cash tender offers (the "Tender Offers") for (1) any and all of its 5.75% Senior Notes due 2017, its 6.60% Senior Notes due 2019 and its 4.75% Senior Notes due 2020 (collectively, the "Any…
Vilnius, Lithuania, 2016-May-17 — /EPR Retail News/ — Alvydas Šustikas will take over as CEO of MAXIMA GRUPĖ controlling retail chain MAXIMA in Lithuania and retail chains in Latvia, Estonia, Poland, and Bulgaria from May 21. He will replace current CEO of MAXIMA GRUPĖ, Neringa Janavičiūtė, who is leaving the group of companies.
‘I have gone a long…
18-19 May 2016
MiCo – Gate 14, Ingresso Ala Nord, Milan, Italy, Booth A14
Milan, Italy, 2016-May-17 — /EPR Retail News/ — Intershop and its implementation partner, SMC Consulting, will have a joint stand, Booth A14, at this year’s Netcomm E-Commerce Forum, held from 18-19 May 2016 at MiCo, Milan. E-commerce experts from both companies…
Jason Davy left school at 16 to become a full-time trolley boy at PAK’nSAVE New Plymouth.
Auckland, New Zealand, 2016-May-17 — /EPR Retail News/ — Since then a lot of things have changed, he has been married to Patricia for over 22 years and together they have three children, Chloe, Madison and Zavier. Trish studied law as…
Pasay City, Philippines, 2016-May-17 — /EPR Retail News/ — SM Prime Holdings, Inc. (SMPH) announced today that its Board of Directors approved the offering to the public of up to Php60 billion worth of Bonds (the ”Bonds”). The Bonds will be filed under a shelf registration to be issued for a period of three (3)…
Legislation Will Eliminate Duties, Spur Economic Growth
Arlington , VA, 2016-May-16 — /EPR Retail News/ — The Retail Industry Leaders Association (RILA) issued the following statement in response to Senate passage of the American Manufacturing Competitiveness Act of 2016.
"Retailers applaud the Senate for joining the House of Representatives in support of legislation that will promote economic growth…
SAN FRANCISCO, 2016-May-16 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) will provide a live audio webcast of the company’s Annual Meeting of Shareholders, beginning at 10:00 a.m. Pacific Daylight Time on May 17, 2016. To register for the webcast on May 17, please visit www.gapinc.com (follow the Investors, Financial News and Events, Webcasts links).…
Company Sharpens Focus for Long-Term Growth
SAN FRANCISCO, 2016-May-16 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today announced April net sales were $1.12 billion for the four-week period ended April 30, 2016, compared with net sales of $1.21 billion for the four-week period ended May 2, 2015. For the first quarter of fiscal year 2016,…
INGLES MARKETS, INCORPORATED REPORTS HIGHER SALES AND NET INCOME FOR SECOND QUARTER OF FISCAL 2016
ASHEVILLE, N.C., 2016-May-16 — /EPR Retail News/ — Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported higher sales and net income for the three months ended March 26, 2016 compared with the three months ended March 28, 2015. Net income totaled $14.4 million…
INDIANAPOLIS, 2016-May-16 — /EPR Retail News/ — The Kroger Co. (NYSE: KR) associates working at Kroger stores in the Indianapolis market area of the company's Central division have ratified a new labor agreement with UFCW Local 700.
"We are pleased to reach an agreement that is good for our associates and also allows us to be competitive…
Halle, Belgium, 2016-May-16 — /EPR Retail News/ — On 30 June 2016, Jean-Pierre Roelands will end his active career at Colruyt Group. In his position of commercial director he helped shape the “Lowest Prices” concept which has become Colruyt’s signature since. In the past years Jean-Pierre was the Store Concepts Director and one of the moving spirits…