Paderborn, Germany, 2014-8-14 — /EPR Retail News/ — The digital revolution is having a transformative effect on retail banks and particularly their branch operations. Market research firm IDC and IT solutions provider Wincor Nixdorf will focus on key issues related to the transformation of the branch network in an engaging and informative webinar on September…
Business
North Island, New Zealand, 2014-8-14 — /EPR Retail News/ — Foodstuffs North Island (FSNI) Managing Director, Murray Jordan, has notified the Board of his intention to leave the business mid-2015 to pursue professional board appointments.
Announcing Mr Jordan’s decision, FSNI Chairman Peter Anderson praised Mr Jordan for his “stellar role” in merging the two former North Island Foodstuffs…
FORT LEE, Va., 2014-8-14 — /EPR Retail News/ — Defense Commissary Agency Director and Chief Executive Officer Joseph H. Jeu announced changes in four senior leadership positions within the Sales, Marketing & Policy Group. Changes take effect Aug. 10.
Randall L. "Randy" Chandler, currently director of sales, will become director of operations and policy, a position currently…
Nottingham, 2014-8-14 — /EPR Retail News/ — Alliance Boots is delighted that Walgreens has exercised its option to complete the second step of its strategic transaction with Alliance Boots. The new company will be the first global pharmacy-led, health and wellbeing enterprise. The combined enterprise will be named Walgreens Boots Alliance and headquartered in the Chicago…
Nottingham, 2014-8-13 — /EPR Retail News/ — Alliance Boots today announces that it has completed the acquisition of Farmacias Ahumada S.A. ("FASA").
The completion follows receipt of regulatory approvals and the closing of the cash tender offer for the outstanding fully diluted share capital of FASA whose shares are listed on the Santiago Stock Exchange.
The acquisition comprises…
Helsinki, Finland, 2014-8-13 — /EPR Retail News/ — Cost reductions implemented within the S Group resulted in an improved January–June result compared to the previous year. Retail sales contributed close to €5.5 billion, which is the same as for the corresponding period last year.
In January–June 2014, S Group's total profit before extraordinary items and taxes was…
Jan Clevenger named Belk, Inc. EVP and GMM, Men’s, Home and Kids
David Luoma appointed Chair of Belk Western Division Based in Birmingham, Ala.
CHARLOTTE, N.C., 2014-8-13 — /EPR Retail News/ — Belk has announced two executive appointments effective on September 1, 2014:
Jan Clevenger has been named executive vice president (EVP) and general merchandising manager (GMM) of…
NEW YORK, 2014-8-12 — /EPR Retail News/ — The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index increased 3.2% for the week ending August 9 – relative to the prior year. On a weekly basis, sales decreased 1.4% compared to the previous week.
“Business was a bit more mixed this…
By common agreement, Groupe Auchan and Max Hypermarkets end their partnership in India. The 12 stores will no longer operate under the Auchan banner by January 2015 at the latest.
PARIS, 2014-8-12 — /EPR Retail News/ — In August 2012, Groupe Auchan and Max Hypermarkets signed a License Agreement in which Groupe Auchan offered the…
LONDON, 2014-8-12 — /EPR Retail News/ — Online sales of Non-Food products in the UK grew 14.9% in July versus a year earlier. In July 2013, they had increased by 7.9% over the previous year.
In July, online sales represented 16.7% of total Non-Food sales of our Monitor, against 15.3% in July 2013. July's penetration was…
LONDON, 2014-8-12 — /EPR Retail News/ — UK retail sales were down 0.3% on a like-for-like basis from July 2013, when they had increased 2.2% on the preceding year. On a total basis, sales were up 1.3%, against a 3.9% rise in July 2013. The three-month average total sales growth, 1.3%, is below the twelve-month…
Pasay City, Philippines, 2014-8-11 — /EPR Retail News/ — SM Prime Holdings, Inc. (SMPH) has set the interest rates for its Peso-denominated Series A, 5.5-year retail bonds at 5.1000% p.a., Series B, 7-year retail bonds at 5.2006% p.a., and its Series C, 10-year retail bonds at 5.7417% p.a. SMPH will issue an aggregate principal amount of…
Fremont, Seattle, 2014-8-11 — /EPR Retail News/ — There are more than 20,000 Starbucks worldwide, but only one of those stores has a neon letter “f” inside that’s five-feet tall.
The reclaimed art piece might look out of place anywhere else. It fits perfectly in Fremont. The Seattle neighborhood, with a six-ton concrete troll sculpture under a…
Survey also recognizes ALDI as one of America’s top three favorite grocery store chains
Batavia, Ill., 2014-8-11 — /EPR Retail News/ — Discount grocer ALDI was recognized as the nation’s low-price grocery leader for the fourth year in a row, according to a recent consumer survey* conducted by Market Force Information, Inc., the world’s leading customer intelligence…
Zaandam, the Netherlands, 2014-8-11 — /EPR Retail News/ — Ahold has repurchased 1,746,164 Ahold common shares in the period from August 4, 2014 up to and including August 8, 2014.
The shares were repurchased at an average price of € 12.6901 per share for a total consideration of € 22.16 million. These repurchases were made as…
Bradford, England, 2014-8-11 — /EPR Retail News/ — Morrisons is the first food retailer whose colleagues have achieved the Welfare of Animals at the Time Of Killing (WATOK) qualifications.
The WATOK qualification assesses and confirms the competence of individuals in ensuring the highest possible standards of welfare of animals at the point of slaughter.
Morrisons colleagues at…
Brewers fans to receive full-size Hank beach towel at Aug. 6 game
GRAND RAPIDS, Mich., 2014-8-8 — /EPR Retail News/ — As a new partner of the Milwaukee Brewers, Grand Rapids, Mich.-based retailer Meijer will sponsor the first Miller Park giveaway featuring Hank, “The Ballpark Pup,” on Aug. 6 when the Brewers play the San Francisco Giants…
Darty plc to sell its 60% shareholding in Datart International SA to SEW 1001 a.s. for EUR 5 million
LONDON, 2014-8-8 — /EPR Retail News/ — Darty plc, a leading multi-channel electrical retailer, today announces that it has completed an agreement to sell its 60% shareholding in Datart International SA to SEW 1001 a,s in a deal valued at Euro 5 million.
Régis Schultz, Chief Executive of Darty, said:
"Having concluded as part of our strategic…
Guides to Second Quarter Earnings per Share Range of $0.73 to $0.74, Including Gain on Asset Sale
SAN FRANCISCO, 2014-8-8 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today reported that July net sales for the four-week period ended August 2, 2014 increased 5 percent to $1.17 billion compared with net sales of $1.12 billion…
Fall Campaign Showcases the Brand’s Evolution and Tells the Story of Exciting Things to Come
SAN FRANCISCO, 2014-8-8 — /EPR Retail News/ — Starting today, Banana Republic is revealing a new look, anchored in the fresh styling point of view of the brand’s new Creative Director and EVP of Design, Marissa Webb. Fall signals a significant…
BRUSSELS, Belgium, 2014-8-8 — /EPR Retail News/ — Delhaize Group reports its second quarter 2014 results
Financial Summary Second Quarter 2014
» Revenue growth of 3.7% at identical exchange rates (3.7% organic growth)
» Comparable store sales growth of 3.3% in the U.S. and -1.2% in Belgium
» Group underlying operating margin of 3.4% (3.6% in the U.S., 3.2%…
LONDON, 2014-8-8 — /EPR Retail News/ — Overall shop prices reported deflation for the fifteenth consecutive month, accelerating to 1.9% in July. This is the deepest level of deflation since the series began in December 2006. Food inflation fell to 0.3% in July – the lowest ever recorded. Non-food reported deceleration in deflation of 3.3%…
MARKS AND SPENCER GROUP PLC
QUARTER 1 2014/15 TRADING STATEMENT
13 WEEKS TO 28 JUNE 2014
LONDON, 2014-8-8 — /EPR Retail News/ — ‘Womenswear in growth’
• Group sales 1 +2.3%
• UK: total sales +2.0%, like-for-like +0.3%
• GM: total sales -0.8%, like-for-like -1.5%
• Clothing: total sales +0.1%, like-for-like -0.6%
• Food 2: total sales +4.2%, like-for-like +1.7%
• M&S.com -8.1%
• International sales1 +4.7%
¹Stated on ex-VAT and constant currency basis. International sales…
Nottingham, 2014-8-8 — /EPR Retail News/ — Alliance Boots is delighted that Walgreens has exercised its option to complete the second step of its strategic transaction with Alliance Boots. The new company will be the first global pharmacy-led, health and wellbeing enterprise. The combined enterprise will be named Walgreens Boots Alliance and headquartered in the…
LONDON, 2014-8-8 — /EPR Retail News/ — Sainsbury’s has bought the remaining stake, previously held by Penguin Random House and HarperCollins UK, in the e-books platform Anobii Ltd. The deal gives the retailer full control of the company as part of its growing Sainsbury’s Entertainment digital offer.
In June 2012, Sainsbury’s bought a 64% share of…
Zaandam, the Netherlands, 2014-8-7 — /EPR Retail News/ — Ahold has repurchased 2,098,612 Ahold common shares in the period from July 28, 2014 up to and including August 1, 2014.
The shares were repurchased at an average price of € 13.0158 per share for a total consideration of € 27.32 million. These repurchases were made as part…
NEW HYDE PARK, New York, 2014-8-7 — /EPR Retail News/ — Kimco Realty Corporation (NYSE:KIM) today announced that Conor C. Flynn, the company’s Executive Vice President, Chief Operating Officer and Chief Investment Officer, has been named President of the company effective August 5, 2014.
“Conor has demonstrated extraordinary leadership in directing the strategic and operational activities…
Retail Sales Up 4.5%
NEW YORK, 2014-8-7 — /EPR Retail News/ — The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index increased 0.2% for the week ending August 2 – relative to its prior week. On a year-over-year basis, sales accelerated rapidly by 4.5% compared to the same week of…
WAYNE, NJ, 2014-8-7 — /EPR Retail News/ — Toys“R”Us, Inc. has named Chetan Bhandari Senior Vice President, Corporate Finance and Treasurer. In this capacity, Mr. Bhandari will be responsible for managing relationships with domestic and international lenders, depository banks, credit insurers and credit rating agencies, as well as overseeing the company’s global cash management, foreign exchange…
PALM DESERT, Calif., 2014-8-7 — /EPR Retail News/ — As part of its “Summer of Giving” campaign, from Aug. 3 through 16, Whole Foods Market’s Palm Desert store is raising funds and awareness for The Living Desert, an AZA-accredited zoo and garden dedicated to desert conservation.
“We are honored to be chosen by Whole Foods for this…