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Kesko’s board to propose €1.40 per share dividend for 2013 to the Annual General Meeting

Helsinki, Finland, 2014-2-4 — /EPR Retail News/ — Kesko Corporation's Board has decided to propose to the Annual General Meeting to be convened for 7 April 2014 that the dividend payable for the year 2013 be €1.40 per share. The Board's Audit Committee proposes that the firm of auditors PricewaterhouseCoopers Oy, Authorised Public Accountants, be elected as the…
February 4, 20140Comments

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Business Consumer Goods Grocery Management Retail Retailer Shops

Carrefour’s franchise partner The Majid Al Futtaim Group opened two new stores

Paris, France, 2014-2-4 — /EPR Retail News/ — The Majid Al Futtaim Group - our franchise partner - opened two new stores. United Arab Emirates – Al Seef Carrefour Market store opens in Abu Dhabi On 23 January 2014, the Majid Al Futtaim Group - our franchise partner - opened its 25th Carrefour Market supermarket in the United Arab…
February 4, 20140Comments

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Business E-Commerce Management Retail

National Retail Federation calls for coordinated and comprehensive response to recent criminal cyberattacks

Retailers Commit to Collaborative Approach to Reduce Fraud  Calls for Coordinated and Comprehensive Response to Recent Cyber Thefts Washington, DC, US, 2014-2-4 — /EPR Retail News/ — The National Retail Federation today urged Congress to take a comprehensive approach as it contemplates a national response to criminal cyberattacks in which millions of consumers’ credit and debit card numbers were stolen.…
February 4, 20140Comments

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Business Marketing Retail

National Retail Federation released its 2014 Valentine’s Day spending survey conducted by Prosper Insights and Analytics

Washington, DC, US, 2014-2-4 — /EPR Retail News/ — On the heels of a healthy yet modest holiday shopping season, cautious consumers aren’t quite ready to splurge on Valentine’s Day this year, continuing to keep their budgets in check. According to the National Retail Federation’s 2014 Valentine’s Day spending survey conducted by Prosper Insights and Analytics, 54…
February 4, 20140Comments

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Business Consumer Goods Financial Grocery Management Retail Retailer Technology

Target CFO and Executive VP John Mulligan: Time for chip-enabled smartcards

Minneapolis, MN, US, 2014-2-4 — /EPR Retail News/ — The data breach that struck our company spotlighted the sophistication of criminal hacker networks operating across the globe. We know the attack created significant concerns for millions of customers. We will learn from this incident and we will work to make Target, and the wider business community, more…
February 4, 20140Comments

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Business Consumer Goods Financial Management Retail Retailer Technology

Target accelerates smart card technology implementation to dramatically reduce the threat of credit and debit card fraud

Minneapolis, MN, US, 2014-2-4 — /EPR Retail News/ — Target Chief Financial Officer John Mulligan, in testimony before the Senate Committee on the Judiciary in Washington, D.C., announced today that the company will be accelerating its implementation of smart card technology designed to dramatically reduce the threat of credit and debit card fraud among guests shopping in…
February 4, 20140Comments

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Business Consumer Goods Grocery Management Retail Retailer

Russia’s largest retailer OJSC “Magnit” announced the results of its BOD meeting

Krasnodar, Russia, 2014-2-4 — /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 February 4, 2014. Please be informed that on February 4, 2014 the BOD meeting was held (minutes of the BOD meeting of OJSC “Magnit” are w/o…
February 4, 20140Comments

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Business Financial Grocery Management Retail Retailer

Koninklijke Ahold N.V. repurchased 1,803,253 Ahold common shares for €22.32 million between 27 and 31 January 2014

Zaandam, the Netherlands, 2014-2-3 — /EPR Retail News/ — Ahold has repurchased 1,803,253 Ahold common shares in the period from January 27, 2014 up to and including January 31, 2014. The shares were repurchased at an average price of € 12.3775 per share for a total consideration of € 22.32 million. These repurchases were made as part of…
February 3, 20140Comments

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Business Financial Grocery Management Retail Retailer

Ingles Markets reported $945.1M net sales and $9.5M net income in first fiscal quarter ended December 28, 2013

Asheville, NC, US, 2014-2-3 — /EPR Retail News/ — Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported net sales of $945.1 million for its first fiscal quarter ended December 28, 2013, 1.1% higher than last year's first fiscal quarter. Net income totaled $9.5 million for the December 2013 quarter compared with net income of $11.6 million for the…
February 3, 20140Comments

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Business Consumer Goods Grocery Management Retail Retailer

Wm Morrison Supermarkets plc updates on Welsh Language in Morrisons pharmacies and stores

Bradford, England, 2014-1-31 — /EPR Retail News/ — Following recent discussions around the use of the Welsh language in Morrisons pharmacies and stores, we would like to do what we can to help people who choose to use Welsh as their preferred language. We are therefore taking the following steps to enhance further the use of the…
January 31, 20140Comments

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Business Consumer Goods Grocery Management Retail Retailer Sports

John Lewis named ‘Official Department Store Provider’ of the Glasgow 2014 Commonwealth Games

London, UK, 2014-1-31 — /EPR Retail News/ — John Lewis has been unveiled as the 'Official Department Store Provider' of the Glasgow 2014 Commonwealth Games. The partnership will see the retailer provide bedding and white goods for the Athletes' Village. Glasgow 2014 merchandise is also available to buy on johnlewis.com now, and, later in the year, dedicated…
January 31, 20140Comments

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Business Retail Retailer Supply Chain

BRC Global Standards to allow audit data sharing between suppliers with new changes to its BRC Global Standards Directory

London, UK, 2014-1-31 — /EPR Retail News/ — BRC Global Standards has announced that it has made a number of technical changes to the BRC Global Standards Directory to allow BRC certificated suppliers to share audit data with other BRC certificated suppliers. Until this announcement only retailers could be given access to the audit data. This new development means that…
January 31, 20140Comments

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Business Financial Law Management Retail Retailer

British Retail Consortium director Tom Ironside comments on interchange fees

London, UK, 2014-1-31 — /EPR Retail News/ — Today, an adviser to Europe's top court has backed long-term legal efforts to end the excessively high costs retailers pay banks to process card payments. Advocate General Paolo Mengozzi has advised that the court should "dismiss the main appeal" from Mastercard. Tom Ironside, British Retail Consortium Director of Business and…
January 31, 20140Comments

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Business Environment Management Retail Retailer

UK retail industry sets ambitious targets for reducing its impact on the environment

London, UK, 2014-1-31 — /EPR Retail News/ —  The UK retail industry is today (Wednesday) signing up to a range of ambitious targets for reducing its impact on the environment, having beaten the previous set across all areas. Commitments to be announced at today's A Better Retailing Climate launch event include a collective pledge to reduce absolute carbon emissions…
January 31, 20140Comments

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Business Consumer Goods Discounts Human Resources Management Retail Retailer

Target plans to open 140,000 square feet store in Kahului on the island of Maui in Hawaii

Store will employ approximately 200 new team members Minneapolis, MN, US, 2014-1-31 — /EPR Retail News/ — Target is pleased to announce plans to open a new store in the city of Kahului on the island of Maui in Hawaii, in March 2015. The store will be located on Hookele Street as part of the Pu‘unēnē Shopping…
January 31, 20140Comments

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Business Consumer Goods Financial Grocery Management Retail Retailer

Russia’s largest retailer Magnit to hold Board of Directors meeting on February 4, 2014

Krasnodar, Russia, 2014-1-31 — /EPR Retail News/ — OJSC “Magnit”, Russia’s largest retailer (the “Company”, the “Issuer”, MICEX and LSE: MGNT), is pleased to announce the holding of the Board of Directors meeting. On January 31, 2014 the Chairman of the Board of Directors made the decision to hold the BOD meeting on February 4, 2014 with the following…
January 31, 20140Comments

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Business Consumer Goods Financial Grocery Management Online Retailers Online Shopping Retail Retailer

BESTSELLER-owner Anders Holch Povlsen invests in Danish online supermarket nemlig.com

Brande, Denmark, 2014-1-31 — /EPR Retail News/ — THROUGH AN INVESTMENT COMPANY, BESTSELLER-OWNER ANDERS HOLCH POVLSEN BUYS INTO THE DANISH ONLINE SUPERMARKET NEMLIG.COM. BELOW, ANDERS GIVES A FEW COMMENTS ON THE INVESTMENT. What are the reasons for investing in nemlig.com?  I believe that nemlig.com can be one of the very best online retailers of fast-moving consumer goods. Their business…
January 31, 20140Comments

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Business Consumer Goods Financial Grocery Human Resources Management Retail Retailer

John Lewis Partnership to review previously announced pension scheme

Bracknell, UK, 2014-1-30 — /EPR Retail News/ — In March 2013 the John Lewis Partnership announced that it would be reviewing the pension scheme to ensure that it remains both fair to Partners and affordable over the long term. Since then there have been extensive briefings and discussions with Partners and a draft proposal has now been…
January 30, 20140Comments

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Business Consumer Goods Financial Grocery Management Retail Retailer

S Group announced slightly over EUR 11.3 billion retail sales in 2013

S Group's retail sales in 2013 amounted to slightly over EUR 11.3 billion. Comparable sales increased by more than one per cent year-on-year. Helsinki, Finland, 2014-1-30 — /EPR Retail News/ — According to Taavi Heikkilä, CEO of SOK, sales developed best in the grocery trade, where growth amounted to nearly 4 per cent. Poor development of the economy in…
January 30, 20140Comments

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Business Financial Healthcare Management Retail Retailer

Rite Aid reports same store sales for January 2014 increased 1.8 percent over the prior-year period

Camp Hill, PA, US, 2014-1-30 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD) today announced sales results for January. Monthly Sales For the four weeks ended Jan. 25, 2014, same store sales increased 1.8 percent over the prior-year period. January front-end same store sales decreased 1.3 percent, of which 1.4 percent was attributable to a decrease in…
January 30, 20140Comments

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Business Consumer Goods Grocery Management Retail Retailer

8 shops on Reunion Island to join the Auchan brand from January 2014

Croix, France, 2014-1-30 — /EPR Retail News/ — Groupe Auchan signed affiliation contracts for 8 shops on Reunion Island. The contracts enter into force this January. On 28 January, 2 hypermarkets will join the Auchan brand, while 6 supermarkets will do likewise with the Simply Market brand on 29 January. The stores’ product offer and sales and promotions…
January 30, 20140Comments

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Business Consumer Goods Grocery Marketing Retail Retailer

Sainsbury’s 2014 voucher collection scheme launches with ambassadors David Beckham and Ellie Simmonds

London, UK, 2014-1-29 — /EPR Retail News/ — Sainsbury’s is investing millions in the return of its Active Kids scheme, to help children lead healthier, more active lifestyles. Fronted by ambassadors David Beckham and Ellie Simmonds, the 2014 voucher collection scheme launches seven months ahead of key changes to the national curriculum on cooking and healthy eating. Over…
January 29, 20140Comments

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Business Consumer Goods Grocery Human Resources Management Retail Retailer

Sainsbury announced Mike Coupe to succeed Justin King as company’s CEO

Sainsbury’s today announces that Justin King has decided to step down in July 2014 after 10 years as CEO, and that Mike Coupe, currently the Group Commercial Director, will succeed him as CEO. London, UK, 2014-1-29 — /EPR Retail News/ — David Tyler, Chairman said: "Justin is a truly exceptional leader, who has reshaped Sainsbury’s during his 10…
January 29, 20140Comments

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Business Consumer Goods Food & Beverage Grocery Management Retail Retailer

Russia’s largest retailer Magnit expands its greenhouse complex

Krasnodar, Russia, 2014-1-29 — /EPR Retail News/ — OJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT) announces the expansion of its greenhouse complex. Please be informed that “Magnit” has begun construction on the expansion of its “TK Zelyonaya Liniya” (Green Line) greenhouse complex, which is located in the village of Plastunovskaya in the region of…
January 29, 20140Comments

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Business Consumer Goods Grocery Management Retail Retailer

Target to open nine new stores in Canada in 2014

Mississauga, ON, Canada, 2014-1-29 — /EPR Retail News/ — Target announced today that it will continue its Canadian expansion in 2014 by adding another nine store locations to the 124 Target stores now open in all ten provinces.  The majority of the new stores will open in Ontario, with single store additions planned for Quebec, Manitoba, Alberta…
January 29, 20140Comments

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Business Financial Furniture Home & Garden Home Decor Management Retail Retailer

IKEA Group’s net income increased by 3.1% to $4.2 billion in FY2013

The IKEA Group net income increased by 3.1% to EUR 3.3 billion ($4.2 billion*) for the financial year 2013**; and market conditions continued to improve with strong growth in China, Russia and the US. IKEA US FY13 comparable store sales grew by 6.7%. Conshohocken, PA, US, 2014-1-29 — /EPR Retail News/ — “Consumer spending is improving in many…
January 29, 20140Comments

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Apparel Business Fashion Financial Management Retail Retailer

J. C. Penney Company, Inc. amends and extends existing stockholder rights plan to protect tax benefits

Plano, TX, US, 2014-1-28 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) (the "Company") today announced that its Board of Directors has acted to protect the Company's valuable net operating loss carryforwards ("NOLs") by amending and extending the Company's existing stockholder rights plan. The Company has over $2 billion in NOLs, which can be…
January 28, 20140Comments

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Business Electronics Financial Management Mobile Retail Retailer Technology

Apple posted record revenue of $57.6 billion for its fiscal 2014 1st quarter ended December 28, 2013

Cupertino, CA, US, 2014-1-28 — /EPR Retail News/ — Apple® today (January 27, 2014) announced financial results for its fiscal 2014 first quarter ended December 28, 2013. The Company posted record quarterly revenue of $57.6 billion and quarterly net profit of $13.1 billion, or $14.50 per diluted share. These results compare to revenue of $54.5 billion and net…
January 28, 20140Comments

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Business Consumer Goods Grocery Retail Retailer

Sobeys Inc’s CFO Paul Jewer to leave the company as of February 14, 2014

Stellarton, NS, Canada, 2014-1-28 — /EPR Retail News/ — Sobeys Inc. today announced that Paul Jewer, Chief Financial Officer for the company, will leave the organization effective February 14, 2014, to accept a role outside the organization. François Vimard, Executive Vice President, Sobeys Inc. and Chief Financial Officer for Empire Company Limited will assume Mr. Jewer’s responsibilities on…
January 28, 20140Comments

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Business E-Commerce Online Retailers Retail Retail Software Retail Solutions Technology

Wincor World 2014 in numbers: 7,000 visitors from 90 countries, 47 exhibitors, 500 exhibits and 50 specialist presentations

Paderborn, Germany, 2014-1-28 — /EPR Retail News/ — More than 7,000 visitors from 90 countries took the opportunity to find out about the latest IT solutions and service offerings from Wincor Nixdorf and 46 well-known partner exhibitors at "Wincor World 2014" – through more than 500 exhibits and in 50 specialist presentations. The event, which spanned three…
January 28, 20140Comments

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