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Saudi Automotive Services Company (SASCO) signs bank facility agreements (Shariah-compliant) with local banks

Retailing and Operation Division Riyadh, Kingdom of Saudi Arabia, 2015-12-23 — /EPR Retail News/ — Saudi Automotive Services Company (SASCO) announces completion of signing of the Bank facility agreements (Shariah-compliant) with local Banks on 21 December 2015 against signed promissory note as follows: Saudi Hollandi Bank- SHB (A Saudi Joint Stock Co.): the facility agreement amounting to 150…
December 23, 20150Comments

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Business Financial Management Retail Retailer

Walgreens Boots Alliance Completes $12.8 Billion placement as part of its proposed acquisition of Rite Aid Corporation

DEERFIELD, Ill., 2015-12-22 — /EPR Retail News/ — Walgreens Boots Alliance, Inc. (Nasdaq:WBA) today announced it has completed the placement of $5 billion of term loan facilities, evenly split between two tranches of $2.5 billion each, with three- and five-year maturities, respectively, and a $7.8 billion term loan bridge facility. These facilities replace the company’s previously reported…
December 22, 20150Comments

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Apparel Business Fashion Management Marketing Retail Retailer

LVMH: Berluti celebrates its 120th anniversary

© Berluti   PARIS, 2015-12-22 — /EPR Retail News/ — Berluti is celebrating the 120th anniversary of the shoemaker’s founding with the publication of its first book, entitled At Their Feet, an ode to iconic shoes and the creative talents who wore them. Loafers, slip-ons, boots or Oxfords … The models created by Berluti since 1895 set the standard in…
December 22, 20150Comments

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Business Management Retail Retailer

Successful completion of Kroger’s tender offer to purchase all outstanding shares of Roundy’s common stock

CINCINNATI, OH and MILWAUKEE, WI, 2015-12-22 — /EPR Retail News/ — The Kroger Co. (NYSE: KR) and Roundy’s, Inc. (NYSE: RNDY) today announced the successful completion of Kroger’s tender offer to purchase all outstanding shares of Roundy’s common stock for $3.60 per share in cash. The tender offer expired at 11:59 p.m., Eastern Standard Time, on…
December 22, 20150Comments

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Business Financial Management Retail Retailer

Sonic Corp. will release results for the quarter ended November 30, 2015 after the market close on January 5, 2016

OKLAHOMA CITY, 2015-12-22 — /EPR Retail News/ — Sonic Corp. (NASDAQ:SONC), the nation's largest chain of drive-in restaurants, today announced that it will release results for the quarter ended November 30, 2015 after the market close on January 5, 2016. The company will host a conference call to review financial results on Tuesday, January 5,…
December 22, 20150Comments

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Business Healthcare Management Philanthropy Retail Retailer

CVS Health CEO Larry Merlo announced $1.3m donation to support dozens of charities across Rhode Island and southeastern Massachusetts

WOONSOCKET, R.I., 2015-12-22 — /EPR Retail News/ — At a celebration today recognizing area non-profit organizations supported by the CVS Health Charity Classic, CVS Health President and CEO Larry Merlo announced that $1.3 million dollars will be donated from the 2015 tournament to support dozens of charities across Rhode Island and southeastern Massachusetts. In addition, CVS Health announced dates for the 2016 CVS…
December 22, 20150Comments

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Business Management Marketing Retail Retailer

Retailers estimate that 3.5 percent of their holiday returns this year will be fraudulent – NRF Return Fraud Survey

WASHINGTON, 2015-12-22 — /EPR Retail News/ — Retail fraud comes in many shapes and sizes and is especially rampant during the holiday season when online and in-store traffic grows significantly. One of the biggest issues throughout the holiday season: return fraud. According to NRF’s latest Return Fraud Survey, retailers estimate that 3.5 percent of their holiday…
December 22, 20150Comments

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Business Law Management Retail Retailer

NRF welcomes Congress’s final passage of a wide-ranging spending and tax-relief package

WASHINGTON, 2015-12-22 — /EPR Retail News/ — The National Retail Federation today welcomed final passage by Congress of a wide-ranging spending and tax-relief package, citing provisions that would delay onerous portions of Obamacare, make it easier for businesses to share cyber threats, and renew tax law that helps retailers create jobs while laying the groundwork for…
December 22, 20150Comments

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Awards Business Management Retail Retailer

US Foods announces the winners of its annual vendor recognition awards

Categories Include Innovation, Center of the Plate, Easy to do Business With and More Rosemont, Ill., 2015-12-22 — /EPR Retail News/ — US Foods, one of America’s most innovative food companies and leading distributors, announces the winners of its annual vendor recognition awards. US Foods vendor partners share the company’s belief in Great Food. Made Easy. and consistently…
December 22, 20150Comments

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Business Management Retail Retailer

US Foods to acquire family owned Dierks Waukesha in Waukesha, Wisconsin

With an expanded footprint, the company will now bring its differentiated products and business solutions to more independent restaurants throughout Wisconsin Rosemont, Ill., 2015-12-22 — /EPR Retail News/ — US Foods, one of the country’s most innovative food companies and leading distributors, today announced it has agreed to acquire Dierks Waukesha in Waukesha, Wis. This acquisition underscores the…
December 22, 20150Comments

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Business Management Pet Products Retail Retailer

Pets at Home Group’s Non-Executive Chairman Tony DeNunzio appointed to the Board of Dixons Carphone plc as Senior Independent Director

LONDON, 2015-12-21 — /EPR Retail News/ — On 16 December 2015, Tony DeNunzio, Non-Executive Chairman of Pets at Home Group Plc, was appointed to the Board of Dixons Carphone plc as a Senior Independent Director. This disclosure is given in accordance with Listing Rule 9.6.14. Enquiries Pets at Home Group Plc: +44 (0)161 486 6688 Louise…
December 21, 20150Comments

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Business Management Pet Products Retail Retailer

Pets at Home Group Plc announces the appointment of Graeme Jenkins as its CFO

LONDON, 2015-12-21 — /EPR Retail News/ — Pets at Home Group Plc, the UK's leading specialist retailer of pet food, accessories and services, is pleased to announce the appointment of Graeme Jenkins as Chief Financial Officer (CFO).  Graeme will become an Executive Director of the Company and member of the Board, upon his commencement date,…
December 21, 20150Comments

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Business Financial Management Retail Technology

Banking services provider in Poland ITCard S.A. partners with Diebold to deploy multivendor software on its growing Planet Cash ATM network

New technology expands deposit automation, increases security through biometrics across Poland's second-largest ATM fleet WARSAW, Poland, 2015-12-21 — /EPR Retail News/ — ITCard S.A., one of the leading providers of banking services in Poland, is partnering with Diebold, Incorporated (NYSE: DBD) to expand its reach and deploy innovative technology on its growing Planet Cash automated teller…
December 21, 20150Comments

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Business Management Marketing Retail Retailer Technology

2016 Start-Up Prize: Fnac partners with Intel to accelerate the development of 10 IoT start-ups

For the second year of the Start-Up Prize, Fnac is collaborating with Intel in an effort to accelerate the development of 10 start-ups in the area of the Internet of Things. French start-ups have until January 17 to apply for the Fnac Start-Up Prize. Ten start-ups will benefit from a personalized assistance program; three of…
December 21, 20150Comments

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Business Financial Management Retail Retailer

Intrum Justitia to take over ICA Bank’s past due loan receivables

Solna, Sweden, 2015-12-21 — /EPR Retail News/ — ICA Bank has signed an agreement with Intrum Justitia, which will take over the bank’s past due loan receivables. The transaction will give rise to a positive earnings effect of approximately SEK 180 million for ICA Bank during the fourth quarter of 2015. The agreement also entails that ICA Bank’s loan…
December 21, 20150Comments

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Business Management Retail Retailer

Bonmarché Holdings plc announces that its CEO Beth Butterwick will step down to join Karen Millen as its Chief Executive

Wakefield, England, 2015-12-21 — /EPR Retail News/ — 1. Beth Butterwick to step down as Chief Executive Officer Bonmarché Holdings plc today announces that Beth Butterwick, Chief Executive, will step down after four years with the Company to join Karen Millen as Chief Executive. Beth will remain with Bonmarché until her successor is appointed to ensure a smooth…
December 21, 20150Comments

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Business Consumer Services Marketing Retail Retail Services Retailer

Albert Heijn start met track&trace bij thuisbezorgen

Zaandam, Netherlands, 2015-12-21 — /EPR Retail News/ — Albert Heijn is gestart met track&trace bij thuisbezorging. Klanten die hun boodschappen thuis laten bezorgen krijgen op basis van real time informatie een sms-bericht wanneer ze hun bestelling ontvangen. Deze informatie is tot op het kwartier nauwkeurig. Met de nieuwe service kunnen klanten hun tijd flexibeler indelen…
December 21, 20150Comments

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Business Grocery Management Marketing Retail Retailer

PT Matahari Putra Prima Tbk opens its 114th Hypermart outlet at Hartono Mall Yogyakarta, Central Java with the concept of G7

Tangerang, INDONESIA, 2015-12-21 — /EPR Retail News/ — PT Matahari Putra Prima Tbk (MPPA), a multi-format modern retailer in Indonesia, which operates Hypermart, Foodmart and Boston Health & Beauty, today has opened the 114th Hypermart outlets at Hartono Mall Yogyakarta, Central Java with the concept of G7 which has a gross selling area of ±…
December 21, 20150Comments

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Awards Business Malls Management Retail Retailer

SM Investments Corporation receives Platinum Award from Hong Kong-based magazine The Asset for the 7th Year

SM SVP for Finance Franklin Gomez receives The Platinum Award for excellence in corporate governance, corporate social responsibility and investor relations on behalf of the company.   Pasay City, Philippines, 2015-12-21 — /EPR Retail News/ — SM Investments Corporation (SM) was cited anew by Hong Kong-based magazine The Asset as a winner of the Platinum Award, the highest award…
December 21, 20150Comments

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Business Financial Management Retail Retailer

ascena retail group’s Board of Directors authorized $200 million stock repurchase program

MAHWAH, N.J., 2015-12-21 — /EPR Retail News/ — ascena retail group, inc. (NASDAQ:ASNA) (the “Company”) today announced that its Board of Directors has authorized a $200 million stock repurchase program. Purchases made under this program are authorized to be made by the Company from time to time when market conditions warrant, subject to any approvals required under…
December 21, 20150Comments

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Business Management

Ediston Real Estate to focus on mid-market homes with the launch of Ediston Homes

Edinburgh, 2015-12-21 — /EPR Retail News/ — Ediston Real Estate has launched a house building company.  Ediston has to date concentrated on commercial property with only fleeting investment into residential, but this will change with the launch of the new company.  Ediston Homes will focus on mid-market homes mainly in central Scotland with some of its…
December 21, 20150Comments

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Business Financial Management Retail Technology

Diebold to provide ATMs And Kiosks to Chinese market in partnership with leading IT company in China

Inspur will also acquire minority stake in Diebold's services-focused joint venture in China NORTH CANTON, Ohio, 2015-12-21 — /EPR Retail News/ — Diebold, Incorporated (NYSE: DBD) today announced it is forming a new joint venture with a subsidiary of the Inspur Group, a Chinese cloud computing and data center company, to develop, manufacture and distribute financial…
December 21, 20150Comments

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Business Management Online Retailers Online Shopping Retail Retailer

Matthew Bassiur appointed VP Head of Global Intellectual Property Enforcement Alibaba Group

Bassiur to lead Alibaba Group's industry-leading anti-counterfeiting efforts Hangzhou, China, 2015-12-21 — /EPR Retail News/ — Alibaba Group Holding Limited (NYSE: BABA) today announced the appointment of Matthew Bassiur as Vice President, Head of Global Intellectual Property Enforcement, effective January 2016. In this new role, Mr. Bassiur will lead a team that works with international brands…
December 21, 20150Comments

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Business Management Retail Retailer

Benjamin William Gardener appointment as a director of Findel PLC was not approved at the General Meeting

LONDON, 2015-12-21 — /EPR Retail News/ — The Board of Findel announces that the ordinary resolution to appoint Benjamin William Gardener as a director of the Company (the "Resolution") proposed at the General Meeting held on 21 December 2015 was not passed and the Resolution has failed.  The Resolution was voted on by means of…
December 21, 20150Comments

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Business Management Retail Retailer

RioCan completes 2nd phase of the purchase of Kimco’s interest in collection of 22 Canadian properties

TORONTO, ONTARIO and NEW HYDE PARK, NEW YORK, 2015-12-21 — /EPR Retail News/ — RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) and Kimco Realty Corp. ("Kimco") (NYSE:KIM) announce that RioCan has completed the second phase of the previously announced transaction to purchase Kimco's interest in a collection of 22 Canadian properties selected by RioCan. The remaining three…
December 21, 20150Comments

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Business Management Retail Retailer

Alibaba Group Holding Limited announces the acquisition of South China Morning Post and other media assets of SCMP Group Limited

Hong Kong, 2015-12-18 — /EPR Retail News/ — Alibaba Group Holding Limited (NYSE: BABA) announced today that it has entered into a definite agreement to acquire the South China Morning Post (SCMP) and other media assets of SCMP Group Limited (SEHK: 0583). The agreement combines the heritage and editorial excellence of the SCMP with Alibaba's digital…
December 18, 20150Comments

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Business Human Resources Management Retail Retailer

The Kroger Co.: King Soopers and City Market stores in Colorado sign new labor agreements with UFCW Local 7

DENVER, 2015-12-18 — /EPR Retail News/ — The Kroger Co. (NYSE: KR) today announced that associates working at King Soopers and City Market stores in Colorado have ratified new labor agreements with UFCW Local 7. "We are pleased to reach agreements that are good for our associates. These new contracts provide wage increases, affordable health care and…
December 18, 20150Comments

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Awards Business Food & Beverage Management Retail Retailer

Costa again named UK’s Favourite Coffee Shop by Allegra’s annual Project Café16 report

LONDON, 2015-12-18 — /EPR Retail News/ — For the sixth year running, Costa has been named the Nation’s Favourite Coffee Shop by industry experts Allegra as the results for their annual Project Café16 report were released today. No other coffee shop has held on to the accolade for this long since the report’s creation twelve…
December 18, 20150Comments

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Business Management Retail Retailer

Disney Consumer Products and Interactive Media appoints Courtney Holt Executive Vice President and Head of Maker Studios

GLENDALE, Calif., 2015-12-18 — /EPR Retail News/ — Disney Consumer Products and Interactive Media announced today that Courtney Holt has been named Executive Vice President and Head of Maker Studios, reporting directly to Jimmy Pitaro, Co-chair Disney Consumer Products and Interactive Media, and President, Disney Interactive, effective immediately. In this role, Mr. Holt, who previously served as Maker’s…
December 18, 20150Comments

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