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NGA President and CEO Peter J. Larkin outlined concerns with House Ways and Means Committee Chairman Dave Camp’s Tax Reform Proposal

Arlington, VA, 2014-3-25 — /EPR Retail News/ — On behalf of the National Grocers Association (NGA), Peter J. Larkin, NGA President and CEO sent a letter to House Ways and Means Committee Chairman Dave Camp (R-MI), outlining concerns with the his draft proposal to overhaul the nation's tax code. Specifically, NGA addressed the negative impacts that…
March 25, 20140Comments

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International Council of Shopping Centers and Goldman Sachs Weekly Chain Store Sales Index: Weekly sales slipped by 1.5% for the week ending March 22, 2014

NEW YORK, 2014-3-25 — /EPR Retail News/ — After three weekly sequential sales gains retailers experienced mixed results as retail demand varied across categories and overall was softer than the prior week.  For the week ending March 22, 2014 weekly sales slipped by 1.5%, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs…
March 25, 20140Comments

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Brian D. Hancock apppointed Senior VP–Supply Chain at Family Dollar Stores

MATTHEWS, NC, 2014-3-25 — /EPR Retail News/ — Family Dollar Stores, Inc. (NYSE: FDO) today announced that it has named Brian D. Hancock to the position of Senior Vice President–Supply Chain. Mr. Hancock will report to Howard R. Levine, Chairman and CEO. "Since we opened our first store in 1959, our focus has been on providing our…
March 25, 20140Comments

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Toys“R”Us CEO Antonio Urcelay and President Hank Mullany to hold special presentation for the investment community on March 26, 2014

WAYNE, NJ, 2014-3-25 — /EPR Retail News/ — Toys“R”Us, Inc. announced today that it will hold a special presentation for the investment community hosted by  Antonio Urcelay, Chairman of the Board and CEO, Toys“R”Us, Inc., and Hank Mullany, President, Toys“R”Us, U.S., to review the company’s fiscal 2013 performance and discuss its go-forward strategy.  The meeting will…
March 25, 20140Comments

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Wegmans Food Markets announced leadership team for its second store in Massachusetts at Route 9 in Chestnut Hill

NEWTON, MA, 2014-3-25 — /EPR Retail News/ — Wegmans Food Markets today announced the leadership team responsible for opening and managing the second Wegmans store in Massachusetts located on Route 9 in Chestnut Hill. The team consists of the store manager, chef, pharmacy manager, and area managers, who each oversee multiple departments in the store. The team has…
March 25, 20140Comments

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Kingfisher reports full year adjusted pre-tax profits up 4.1% to £744 million

London, 2014-3-25 — /EPR Retail News/ — Full year dividend up 5% and announcing a multi-year capital return programme in 2014/15. Group Financial Summary % Total Change % Total Change % LFL* Change   2013/14 2012/13 Reported Constant currency 52 week basis Constant currency Sales* £11,125m £10,573m +5.2% +3.5%(1) +0.7% Retail profit*(2) £805m £778m +3.5% +0.7%(1) Adjusted* pre-tax profit £744m £715m +4.1% Adjusted basic EPS 23.4p 22.3p +4.9% Interim dividend 3.12p 3.09p +1.0% Final dividend 6.78p 6.37p +6.4% Full year dividend 9.9p 9.46p +4.7% Net cash* £238m £38m n/a * Throughout this release '*' indicates first instance of a term defined…
March 25, 20140Comments

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IKEA US awarded its current supplier Sauder Woodworking Co. another 5 year contract

IKEA Awards Current Supplier Sauder Woodworking Co. A Five Year Contract Creating at Least 150 New Jobs Conshohocken, PA, 2014-3-25 — /EPR Retail News/ — IKEA US announced today that it has recently awarded its current supplier, Sauder Woodworking Co. of Archbold, Ohio, a 5 year contract. The partnership will create at least 150 new jobs…
March 25, 20140Comments

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Ethisphere Institute recognises H&M as 2014 World’s Most Ethical Company® for the fourth time

On March 20 the Ethisphere Institute, an independent center of research promoting best practices in corporate ethics and governance, recognised H&M as a 2014 World’s Most Ethical Company®. Stockholm, Sweden, 2014-3-25 — /EPR Retail News/ — This is the fourth time that H&M has been honored with this award, which recognises organisations that continue to raise the bar…
March 25, 20140Comments

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Ethisphere Institute recognized Gap Inc. among the World’s Most Ethical Companies for the 8th year in a row

SAN FRANCISCO, 2014-3-24 — /EPR Retail News/ — For the 8th year in a row, Gap Inc. (NYSE: GPS) has been recognized by the Ethisphere Institute as a 2014 World’s Most Ethical Company®. “The entire community of World’s Most Ethical Companies believe that customers, employees, investors and regulators place a high premium on trust and that ethics and good…
March 24, 20140Comments

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GOME announced stronger-than-expected earnings results in 2013

Special Dividend Declared; Dividend Payout Ratio Increased to 40% GOME to “Build another GOME” with Open Supply Chain Profit attributable to the owners of the parent company surged to RMB892 million, up 222.5% y-o-y Sales revenue amounted to RMB56,401 million, up 10.4% y-o-y steadily Consolidated gross profit margin remained at high level of 18.4% Declaration of Special…
March 24, 20140Comments

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Temasek Holdings acquired 24.95% in HWL’s retail division A.S. Watson Holdings for HK$44 billion

Special Dividend of HK$7 per share to shareholders Hong Kong, 2014-3-24 — /EPR Retail News/ — Hutchison Whampoa Limited (HWL) is pleased to announce today the formation of a strategic alliance with Temasek by Temasek taking up an indirect equity interest of 24.95% in A.S. Watson Holdings, HWL’s retail division, for HK$44 billion. Benefits of the Transaction Following the completion…
March 24, 20140Comments

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Intershop and Siteworx to jointly demonstrate “experience-driven commerce” at Adobe Summit

Intershop selects Siteworx as a strategic North American partner, furthering Intershop’s continued expansion of U.S. partner strategy. Intershop and Siteworx to jointly demonstrate seamless omni-channel commerce experience using Adobe Experience Manager at Adobe Summit, March 24-28. San Francisco, 2014-3-20 — /EPR Retail News/ — Intershop, the largest independent technology vendor for omni-channel commerce solutions, today announced…
March 20, 20140Comments

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Carrenza and Intershop launched new joint omni-channel commerce offering

London, 2014-3-20 — /EPR Retail News/ — Carrenza, major specialist in cloud based technologies and Intershop, a leading provider of omni-channel commerce solutions, have announced their partnership and the launch of a new joint offering based on their technologies and services. The joint offering will see Carrenza take the legacy Intershop client/server application and deliver it via…
March 20, 20140Comments

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Magnit announces results of its BOD meeting held on March 20, 2014

Krasnodar, Russia, 2014-3-20 — /EPR Retail News/ — OJSC “Magnit”, Russia’s largest retailer (the “Company”, “Issuer”; MICEX and LSE: MGNT), is pleased to announce the results of the BOD meeting held on March 20, 2014. Please be informed that on March 20, 2014 the BOD meeting was held (minutes of the BOD meeting of OJSC “Magnit” are w/o…
March 20, 20140Comments

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H&M to launch new Conscious and Conscious Exclusive collections using more sustainable materials

Stockholm, Sweden, 2014-3-20 — /EPR Retail News/ — On April 10th, H&M launches its new Conscious and Conscious Exclusive collections. With two new materials, organic leather from the Swedish leather supplier Tärnsjö, and organic silk, the collections show what can be done in more sustainable materials. “H&M is proud of its sustainability work. Conscious and Conscious Exclusive show…
March 20, 20140Comments

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Business Home & Garden Home Decor Management Retail Retailer

IKEA announced plans to expand the warehouse of its Detroit-area store in Canton, MI

CONSHOHOCKEN, PA, 2014-3-20 — /EPR Retail News/ — IKEA, the world’s leading home furnishings retailer, today announced plans to expand the warehouse of its Detroit-area store in Canton, MI. As a result of this work, IKEA Canton, which opened June 2006 at 311,000 square feet in size, would grow nearly 44,000 SF to the new size…
March 20, 20140Comments

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William Wolfe ICSC’s OAC Summit panelist: Now is a good time to sell assets

NEW YORK, 2014-3-20 — /EPR Retail News/ —Now is a good time to sell assets, said a panelist at ICSC’s OAC (Open-Air Center) Summit Thursday, in Washington. “If you have a desire or need to monetize your investment, this is a beautiful time to do it,” said the panelist, William Wolfe, president of First Washington Realty,…
March 20, 20140Comments

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British Retail Consortium’s Director Helen Dickinson comments on Chancellor’s Budget announcement

LONDON, UK, 2014-3-19 — /EPR Retail News/ — Commenting on the Chancellor's Budget announcement earlier today, BRC Director General, Helen Dickinson said: "Our customers will welcome the Chancellor's focus on putting more money in their pockets through changing the tax thresholds, fuel duty and savings and pensions arrangements. The BRC's projections demonstrate that whilst recovery is now a…
March 19, 20140Comments

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SRC-KPMG: Total February 2014 Scottish sales decreased by 1.0% compared with February 2013

LONDON, UK, 2014-3-19 — /EPR Retail News/ — In February 2014 total Scottish sales decreased by 1.0% compared with February 2013, when they had increased by 0.7%. Like-for-like sales decreased by 2.5% on last February, when they had decreased by 0.1%. Taking account of shop price deflation at 1.4%, February total sales were up 0.5% in real terms. Total…
March 19, 20140Comments

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British Retail Consortium and Department for Work and Pensions partner to get more people into careers in retail sector

LONDON, UK, 2014-3-19 — /EPR Retail News/ — Today the British Retail Consortium and the Department for Work and Pensions committed to working increasingly closely in an effort to get more people, especially those under 25, into careers in the retail sector. A formal partnership agreement was launched today by BRC Director General, Helen Dickinson and Employment Minister Esther…
March 19, 20140Comments

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The Women Grocers of America announced its 2014 Leadership team

Arlington, VA, 2014-3-19 — /EPR Retail News/ — The Women Grocers of America (WGA) announced its 2014 Leadership team, which consists of a newly appointed president to succeed Denise Beckman, four Executive Committee Members, and six new Board Members. "I commend Denise Beckman for her exemplary leadership of the Women Grocers of America over the last five…
March 19, 20140Comments

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Wincor Nixdorf extends payment systems terminals with MEI Banknote recycling system

Wincor Nixdorf is further scaling the portfolio for Cash management in Retail Paderborn, Germany, 2014-3-19 — /EPR Retail News/ — Wincor Nixdorf has extended the payment systems terminals by the MEI Banknote recycling system (BNR). Through this Wincor Nixdorf is able to offer a more scalable solution which can easily be adapted to customer demands. “The decision by Wincor…
March 19, 20140Comments

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Venezuela’s 3rd biggest public bank Banco del Tesoro to install 200 new CINEO ATMs from Wincor Nixdorf by July 2014

Hardware and software from Wincor Nixdorf Paderborn, Germany, 2014-3-19 — /EPR Retail News/ — Banco del Tesoro is extending its range of customer-friendly automated teller machine services. Venezuela’s third biggest public bank will be installing 200 new CINEO ATMs from Wincor Nixdorf by July of this year, doubling the number of systems in its ATM network and supporting…
March 19, 20140Comments

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Intershop to showcase new innovations with Adobe at Adobe Summit 2014 on March 24th-28th in Salt Lake City

Intershop to demonstrate integration of leading B2B and B2C ecommerce platform with Adobe Experience Manager for Experience-Driven Commerce at Adobe Summit 2014 Recently inked collaboration signals continued growth and investments by Intershop San Francisco, 2014-3-19 — /EPR Retail News/ — Intershop, the largest independent technology vendor for omni-channel commerce solutions, today announced that it will showcase…
March 19, 20140Comments

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North America’s leading shopping centers operator Kimco Realty Corp. closed new $1.75 billion unsecured revolving credit facility

NEW HYDE PARK, N.Y., 2014-3-18 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM), North America’s largest publicly traded owner and operator of neighborhood and community shopping centers, announced that it has closed on a new $1.75 billion unsecured revolving credit facility with commitments from 23 lending institutions, replacing the company’s existing $1.75 billion unsecured…
March 18, 20140Comments

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Sainsbury: Strong progress in our 20×20 Sustainability Plan with our ‘Value of Values’ campaign reaching consumers and colleagues

LONDON, 2014-3-18 — /EPR Retail News/ — Strong progress in our 20x20 Plan with our ‘Value of Values’ campaign reaching consumers and colleagues Joint top in fish sustainability league from Marine Conservation Society and recognised as market leaders in Greenpeace’s tinned tuna league Signed a new long-term deal with British Athletics and proud sponsors of the record…
March 18, 20140Comments

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General Growth Properties to report first quarter 2014 on April 28; conference call on April 29, 2014

CHICAGO, 2014-3-18 — /EPR Retail News/ — General Growth Properties, Inc. (NYSE: GGP) will report financial and operational results for the first quarter 2014 after the close of business on Monday, April 28, 2014, and host a conference call for investors and other interested parties at 9:00 a.m. CDT (10:00 a.m. EDT) on Tuesday, April 29, 2014.…
March 18, 20140Comments

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SM Investments Corporation received Anvil Award from Philippines’ Public Relations Society

Pasay City, Philippines, 2014-3-18 — /EPR Retail News/ — SM Investments Corporation recently received the Anvil Award organized by the Public Relations Society of the Philippines (PRSP).   SM received an Award of Merit for its 2012 Annual Report with the theme “We Build to Serve Millions”. In the photo are Anvil Juror Dr. Severino Sarmenta, Jr.; immediate past PRSP VP-Internal Jika M. Dalupan,…
March 18, 20140Comments

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Argos promotes John Walden to Group Chief Executive

Milton Keynes, UK, 2014-3-18 — /EPR Retail News/ — Home Retail Group today announces a new management structure for Argos as a result of the promotion of John Walden, formerly Manager Director of Argos, to the role of Group Chief Executive.  All changes are effective immediately. As Group Chief Executive, John Walden will continue to provide guidance to…
March 18, 20140Comments

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Waitrose to open first national distribution centre at its Magna Park development in Milton Keynes in Summer 2015

Bracknell, UK, 2014-3-18 — /EPR Retail News/ — Waitrose is to open a state-of-the-art national distribution centre (NDC) to be developed by Gazeley at its Magna Park development in Milton Keynes in Summer 2015. The retailer is in talks to transfer the operation at the nearby Kuehne+Nagel-run Celestia depot - which services Waitrose - to the national distribution…
March 18, 20140Comments

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