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H&M positive to the uniform minimum wage set in Myanmar

STOCKHOLM, Sweden, 2015-9-4 — /EPR Retail News/ — At H&M, we are positive to the uniform minimum wage that has been set by the Government. A uniform minimum wage across all industries is essential for the sustainable economic development not only for the textile industry but also for the country as a whole. H&M also believes…
September 4, 20150Comments

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Business Healthcare Management Marketing Retail Retailer

CVS Health CEO Larry Merlo and CFO Dave Denton to speak at Morgan Stanley 2015 Global Healthcare Conference on Sep 17

WOONSOCKET, R.I., 2015-9-4 — /EPR Retail News/ — CVS Health Corporation (NYSE:  CVS) today announced that Larry Merlo, the company's president and chief executive officer, and Dave Denton, executive vice president and chief financial officer, will be speaking to investors at the Morgan Stanley 2015 Global Healthcare Conference on September 17, 2015. They are scheduled to speak at approximately 8:00…
September 4, 20150Comments

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Business Healthcare Retail Retailer

CVS Health marks one year since it ended tobacco sales at CVS/pharmacy

New Data Shows Reduction in Cigarette Purchases Across All Retailers CVS Health and its Foundation Announce School-based Tobacco-prevention Program WOONSOCKET, R.I., 2015-9-4 — /EPR Retail News/ — CVS Health (NYSE: CVS) today marked the first anniversary of ending tobacco sales at CVS/pharmacy by releasing new data showing a measurable reduction in cigarette purchases over the…
September 4, 20150Comments

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Business Human Resources Law Management Retail Retailer

NCCR to Labor Department: plans to expand overtime eligibility would hit chain restaurant owners harder than other businesses

WASHINGTON, 2015-9-4 — /EPR Retail News/ — The National Council of Chain Restaurants told the Labor Department today that the department’s proposal to expand overtime eligibility would hit its member companies harder than other businesses, requiring drastic changes in staffing structure, severely limiting promotion and career opportunities for would-be managers and possibly putting some restaurants…
September 4, 20150Comments

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Business Human Resources Law Retail Retailer

NRF to Labor Department: salary level recommended under a proposal to expand overtime is too high

WASHINGTON, 2015-9-4 — /EPR Retail News/ — The National Retail Federation today told the Labor Department that the salary level recommended under a proposal to expand overtime is too high, and asked officials to use previous methodology that would result in a lower figure. NRF also said plans to automatically increase the number each year…
September 4, 20150Comments

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Business Law Management Retail Retailer

Haggen filed lawsuit against Albertsons LLC and Albertsons Holdings LLC seeking more than $1 billion in damages

Complaint Alleges Albertsons Engaged in Coordinated and Systematic Efforts to Eliminate Competition in Violation of Federal Trade Commission Orders and Various Federal and State Laws Bellingham, Wash., 2015-9-4 — /EPR Retail News/ — Haggen, the West Coast regional grocer, today announced that the company has filed a lawsuit against Albertsons LLC and Albertsons Holdings LLC (“Albertsons”) seeking…
September 4, 20150Comments

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Business Management Retail Retailer

Gap: August 2015 net sales flat compared with last year

SAN FRANCISCO, 2015-9-4 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today reported that net sales for the four-week period ended August 29, 2015 decreased 3 percent to $1.20 billion compared with net sales of $1.23 billion for the four-week period ended August 30, 2014. On a constant currency basis, August 2015 net sales were flat compared…
September 4, 20150Comments

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Business Financial Management Retail Retailer

L Brands reports 8 percent increase of its net sales for the four weeks ended Aug. 29, 2015

COLUMBUS, Ohio, 2015-9-4 — /EPR Retail News/ — L Brands, Inc. (NYSE: LB) reported net sales of $826.0 million for the four weeks ended Aug. 29, 2015, an increase of 8 percent, compared to net sales of $765.3 million for the four weeks ended Aug. 30, 2014.  Comparable store sales increased 6 percent for the four…
September 4, 20150Comments

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Business Convenience Stores Retail Retailer

X5 Retail Group’s Pyaterochka and Railway Trading Company to open near 300 stores in Russia by the end of 2019

MOSCOW, 2015-9-4 — /EPR Retail News/ — X5 Retail Group, a leading Russian food retailer, announces the signing of a memorandum of cooperation between Pyaterochka, the Company’s proximity store chain, and Railway Trading Company (“RTC”). The joint project of launching of RTC-Pyaterochkabranded retail chain is intended to open near 300 stores in Russia. Olga Naumova and…
September 4, 20150Comments

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Business Management Retail Retailer

Rite Aid: same store sales in August increased 1.6 percent YoY

CAMP HILL, Pa., 2015-9-4 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD) today announced sales results for August. Monthly Sales For the five weeks ended Aug. 29, 2015, same store sales increased 1.6 percent over the prior-year period. August front-end same store sales increased 0.6 percent. Pharmacy same store sales, which included an approximate 222 basis…
September 4, 20150Comments

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Business Financial Management Retail Retailer

Taubman Centers announced regular quarterly dividend of $0.565 per share of common stock

BLOOMFIELD HILLS, Mich., 2015-9-4 — /EPR Retail News/ — The Board of Directors of Taubman Centers, Inc. (NYSE: TCO) today declared a regular quarterly dividend of $0.565 per share of common stock. The common dividend is payable September 30, 2015, to shareholders of record on September 15, 2015. The Board of Directors also declared quarterly dividends of $0.40625…
September 4, 20150Comments

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Business Management Retail

Three F Co.,Ltd. and Lawson, Inc. in discussions to form capital and business alliance

TOKYO, JAPAN, 2015-9-3 — /EPR Retail News/ — Three F Co.,Ltd. and Lawson, Inc. have decided to begin discussing options for forming a capital and business alliance between their two firms. The two companies have already introduced various developments of their own to help stay abreast of rapidly changing conditions in the convenience store industry. However,…
September 3, 20150Comments

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Business Management Retail Retailer

Co-operative Group interim results for the 26 weeks ended 4 July 2015

MANCHESTER, England, 2015-9-3 — /EPR Retail News/ — Interim results for Co-operative Group Limited for the 26 weeks ended 4 July 2015 Group revenue stable at £4.6bn (2014: £4.7bn) Core Food convenience business delivered like-for-like sales increase of 3.3%, with like-for-like sales up 0.8% overall for the Food business Funeral volumes increased by 12%, driven by the busiest…
September 3, 20150Comments

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Awards Business Management Retail

Philippines: SM Investments Corporation with five awards from international magazine Alpha Southeast Asia

Pasay City, Philippines, 2015-9-3 — /EPR Retail News/ — SM Investments Corporation (SM) bagged five awards from international magazine Alpha Southeast Asia. SM topped in three categories under the 5th Annual Southeast Asia’s Institutional Investor Awards for Corporates. These are Most Organised Investor Relations for the fifth year in a row; Best Senior Management Investor Relations Support;…
September 3, 20150Comments

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Business Financial Management Retail Retailer

Cabela’s Board of Directors authorized the Company to repurchase up to $500 million of its common stock over a two-year period

SIDNEY, Neb., 2015-9-2 — /EPR Retail News/ — Cabela’s Incorporated (NYSE:CAB) announced today that its Board of Directors has approved a share repurchase program authorizing the Company to repurchase up to $500 million of its common stock over a two-year period. This authorization is in addition to the two million share repurchase authorization approved in April 2015…
September 2, 20150Comments

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Business Management Retail Retailer

Jessica C. Adelman to serve as Kroger’s group VP of corporate affairs

CINCINNATI, 2015-9-2 — /EPR Retail News/ — The Kroger Co. (NYSE: KR) today named Jessica C. Adelman to serve as Kroger's group vice president of corporate affairs, effective November 1. "Jessica brings a wealth of public affairs leadership experience and deep knowledge of the food supply chain," said Rodney McMullen, Kroger's chairman and chief executive officer.…
September 2, 20150Comments

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Business Financial Management Retail Technology

Unata announced unprecedented 800% YOY growth based on new customer relationships

TORONTO,  2015-9-2 — /EPR Retail News/ — Unata, the leading provider of 1-to-1 Omni-commerce solutions, today announced their unprecedented 800% YOY growth based on new customer relationships. Over the past months, Unata has announced implementations with grocers Lunds & Bylerly’s, Raley’s, Haggen and Lowes Foods, to name a few. More customer announcements will be made in…
September 2, 20150Comments

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Business Management Retail Retailer

Macy’s launches collaboration with online fashion tech start-up Nineteenth Amendment on macys.com

NEW YORK, NY, 2015-9-1 — /EPR Retail News/ — Macy’s (NYSE:M) today announced the launch of a collaboration with online fashion tech start-up company Nineteenth Amendment on macys.com. The exclusive partnership will expose Nineteenth Amendment’s stable of up-and-coming designers to Macy’s Millennial shoppers who will have the opportunity to purchase garments made on demand in the USA…
September 1, 20150Comments

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Business Human Resources Management Retail Retailer

H&M’s unique fair living wage strategy shows progress

H&M’s unique fair living wage strategy, launched in 2013, is showing progress on many fronts. This update describes our goals and achievements as well as work in progress and challenges. STOCKHOLM, Sweden, 2015-9-1 — /EPR Retail News/ — By testing and up-scaling the Fair Wage Method*, significant steps are taken towards creating improved pay structures at…
September 1, 20150Comments

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Business Financial Management Retail Retailer

Unibail-Rodamco closes the disposal of its stake in Comexposium to Charterhouse Capital Partners LLP

Paris, Amsterdam, 2015-9-1 — /EPR Retail News/ — Further to the announcement made on March 31, 2015, about the entry into an agreement with Charterhouse Capital Partners LLP pursuant to which it offered to acquire Unibail-Rodamco’s 50% stake in Comexposium, and following the satisfaction of the conditions precedent, Unibail-Rodamco announces the closing of the disposal…
September 1, 20150Comments

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Business Management Retail Retailer

Wegmans Food Markets announced the management team of its newest store in Westwood

WESTWOOD, MA, 2015-9-1 — /EPR Retail News/ — Wegmans Food Markets today announced the management team of its newest store, located at 169 University Avenue in Westwood. The team has nearly 120 combined years of experience at Wegmans, and includes the Store Manager, Executive Chef, Pharmacy Manager and Area Managers who will each oversee various departments within…
September 1, 20150Comments

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Business Grocery Retail Retailer

40,000 sq ft Whole Foods Market Rocky River opens on Sept. 23

CLEVELAND, OH, 2015-9-1 — /EPR Retail News/ —  Whole Foods Market Rocky River will open its doors on Sept. 23. The approximately 40,000-square-foot store is located at 19607 Detroit Road in Rocky River. When it opens, Whole Foods Market Rocky River will be the company’s ninth store in Ohio and the 47th store in its Mid-Atlantic Region.…
September 1, 20150Comments

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Business Financial Management Retail Retailer

Dollar Tree Q2 fiscal 2015: 30th consecutive quarter of positive same-store sales

Sales increased to $3.01 billion and Same-Store Sales increased 2.7% Reaffirms estimate of $300 million in run-rate synergies by end of third year Company is progressing on Family Dollar integration plan CHESAPEAKE, Va., 2015-9-1 — /EPR Retail News/ — Dollar Tree, Inc. (NASDAQ: DLTR), North America's leading operator of discount variety stores, today reported results for…
September 1, 20150Comments

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Business Grocery Management Retail Retailer

Sweden: ICA signed agreement with Fabege on new premises for its head office in Arenastaden in Solna, Stockholm

Solna, Sweden, 2015-9-1 — /EPR Retail News/ — ICA has signed an agreement with Fabege on new premises for its head office, in Arenastaden in Solna. This means that ICA’s employees who today work at various offices in Solna Business Park, in IT-huset in Sundbyberg, and in Apotek Hjärtat’s offices in Solna centrum, will be…
September 1, 20150Comments

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Business E-Commerce Management Marketing Online Retailers Online Shopping Retail Retailer

E-tailer Zalando opened its new technology hub in Helsinki, Finland

Zalando has opened up its second technology hub outside of Germany with plans to create up to 200 jobs over the next few years Local team will focus on customer-facing products such as new fashion apps Expansion of the Tech Team in Dublin is on track, focusing on strong expertise in data science Growth of…
September 1, 20150Comments

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Business Management Retail Retailer

Weis Markets purchased Nell’s Shur-Fine Market in Grandview Plaza in Hanover, PA

Store will be upgraded and reopen on Sunday September 20. Pharmacy and nearby Weis store will remain open during interim period Sunbury, PA, 2015-9-1 — /EPR Retail News/ — Weis Markets today announced it has completed the purchase of Nell’s Shur-Fine Market in Grandview Plaza in Hanover. This store will temporarily close while it is being converted and upgraded.…
September 1, 20150Comments

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Business Management Retail Retailer

Felix Kubat wird neuer Leiter von Coop City

Felix Kubat wird neuer Leiter von Coop City BASEL, 2015-9-1 — /EPR Retail News/ — Per 1. September 2015 übernimmt Felix Kubat die Leitung von Coop City. Dank seiner langjährigen Berufserfahrung im Schweizer Detailhandel verfügt er über beste Voraussetzungen für die erfolgreiche Weiterentwicklung der 31 Coop City Verkaufsstellen. Nach 10 Jahren Tätigkeit als Leiter von Coop City…
September 1, 20150Comments

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Business Financial Retail Retailer

Sears Holdings: final tender results to purchase for cash up to $1,000,000,000 principal amount of its outstanding 6 5/8% Senior Secured Notes Due 2018

HOFFMAN ESTATES, Il., 2015-8-31 — /EPR Retail News/ — Sears Holdings Corporation ("we," "us," "our," or the "Company") (Nasdaq: SHLD) today announced the final tender results of its previously announced tender offer (the "Offer") to purchase for cash up to $1,000,000,000 principal amount of its outstanding 6 5/8% Senior Secured Notes Due 2018 (the "Notes"). …
August 31, 20150Comments

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Business Management Marketing Retail Retailer

BRC Global Standards and NSF International to run four roadshows in India this November

LONDON, 2015-8-31 — /EPR Retail News/ — BRC Global Standards and NSF International are proud to announce they are running four roadshows taking place in India from the 2nd to the 6th of November. They will be held Monday 2 November in Delhi, Tuesday 3 November in Mumbai, Wednesday 4 November in Bangalore and Thursday…
August 31, 20150Comments

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