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UK retail sales decreased by 0.5% in June 2016 YoY – BRC / KPMG

London, 2016-Jul-14 — /EPR Retail News/ — Helen Dickinson OBE, Chief Executive, British Retail Consortium. "Retail sales grew in June, albeit with total growth slowing to 0.2 per cent. While sales did slow towards the end of the month, it is too early to define this as a trend. The month outturn was predominantly driven by a…
July 14, 20160Comments

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Retail Industry Leaders Association (RILA) expressed strong opposition to any effort to repeal debit swipe fee reforms

Arlington , VA, 2016-Jul-14 — /EPR Retail News/ — In a letter to leaders of the House Financial Services Committee, more than 100 other businesses, including many members of the Retail Industry Leaders Association (RILA) expressed strong opposition to any effort to repeal debit swipe fee reforms. Swipe fee reform, also known as the Durbin Amendment, passed…
July 14, 20160Comments

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Ahold announces €1 billion capital repayment and reverse stock split to take place on July 15, 2016 after close of NYSE trading hours

Zaandam, the Netherlands, 2016-Jul-14 — /EPR Retail News/ — Ahold today provided further details on the €1 billion capital repayment and reverse stock split, prior to completion of the intended merger with Delhaize Group. The capital repayment, announced on June 24, 2015, was approved by Ahold’s shareholders on March 14, 2016. Ahold and Delhaize Group continue to…
July 14, 20160Comments

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Starbucks comments on its price adjustment in U.S. company-operated stores

Seattle, 2016-Jul-14 — /EPR Retail News/ — On July 12, Starbucks made a small price adjustment in U.S. company-operated stores. Depending on the market, customers will experience increases of 10 to 20 cents on select sizes of brewed coffee, and 10 to 30 cents on espresso beverages and tea lattes. We expect the average customer ticket…
July 14, 20160Comments

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NACS survey: Overall consumer optimism about the U.S. economy increased three points to 47% in July

ALEXANDRIA, Va., 2016-Jul-14 — /EPR Retail News/ — Consumer optimism increased to its highest level since March as gas prices reversed a four-month climb and dropped 12 cents per gallon last month, according to the latest national consumer survey released by the National Association of Convenience Stores (NACS). Overall consumer optimism about the U.S. economy increased three…
July 14, 20160Comments

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Meijer LPGA Classic for Simply Give now ranks among the Top Four on the LPGA Tour in terms of attendance so far this year

GRAND RAPIDS, Mich., 2016-Jul-14 — /EPR Retail News/ — Representatives with the Meijer LPGA Classic for Simply Give continued this year to build on an exciting tournament, which now ranks among the Top Four on the LPGA Tour in terms of attendance so far this year. Attendance in the four-day tournament exceeded expectations with nearly 50,000 spectators,…
July 14, 20160Comments

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CBRE Group: Vacancy in the U.S. office market declined during Q2 2016

Los Angeles, 2016-Jul-14 — /EPR Retail News/ — Vacancy in the U.S. office market saw a modest decline of 10 basis points (bps) during the second quarter of 2016 (Q2 2016), dipping to 13.0%, according to the latest analysis from CBRE Group, Inc. The national office vacancy rate remains at the lowest level since 2008, with…
July 14, 20160Comments

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Philippines: 1,300 retail outlets will be merged into SM Retail in exchange for shares of stock in SM Retail’s expanded net assets

Pasay City, Philippines, 2016-Jul-13 — /EPR Retail News/ — SM Investments reported today that the company has obtained the approval of the Securities and Exchange Commission for the merger of Sy family-owned specialty stores into SM Retail Inc. Under the terms of the deal, over 1,300 retail outlets will be folded into SM Retail in exchange…
July 13, 20160Comments

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Philippines: SM Prime Holdings sets the interest rate for its Php10.0 billion 10-year retail bonds at 4.2005% p.a.

Pasay City, Philippines, 2016-Jul-13 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime) has set the interest rate for its Peso-denominated Series F, 10-year retail bonds at 4.2005% p.a. SM Prime will issue an aggregate principal amount of Php 10.0 billion of the Series F bonds, which will be offered to investors through underwriters from…
July 13, 20160Comments

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DeCA: 700 military children each received $2,000 scholarship thanks to the 2016 Scholarships for Military Children program

FORT LEE, Va., 2016-Jul-13 — /EPR Retail News/ — Seven hundred students from military families each received a $2,000 scholarship this year thanks to the 2016 Scholarships for Military Children program. The program, created in 2001, recognizes the contributions of military families to the readiness of the fighting force and celebrates the commissary’s role in enhancing military…
July 13, 20160Comments

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Russian retail chain Lenta sees its Fitch Ratings upgraded

St. Petersburg, Russia, 2016-Jul-13 — /EPR Retail News/ — Lenta, (LSE, MOEX: LNTA), one of the largest retail chains in Russia, today announced that the Fitch Ratings has upgraded its Long-term foreign and local currency Issuer Default Ratings (IDRs) from ‘BB-’ to ‘BB’ and its National Long-term rating from ‘AA-(rus)’ to ‘A+(rus)’. The outlook on the…
July 13, 20160Comments

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Cencosud S.A. filed a prospectus for a registered public secondary offering for 5% of its total outstanding common stock

Santiago, Chile, 2016-Jul-13 — /EPR Retail News/ — Cencosud S.A. (NYSE: CNCO, BCS: Cencosud) (“Cencosud” or the “Company”) announced today that it has filed a prospectus for a registered public secondary offering of 142,126,044 shares of its common stock, representing 5% of Cencosud total outstanding common stock, including in the form of American Depositary Shares (“ADSs”).…
July 13, 20160Comments

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GameStop collected $760,000 in donations as part of its 4th annual in-store donation campaign benefitting St. Jude Children’s Research Hospital

GRAPEVINE, TX, 2016-Jul-13 — /EPR Retail News/ — GameStop, a family of specialty retail brands that makes the most popular technologies affordable and simple, announced today that it collected more than $760,000 in donations as part of its fourth annual in-store donation campaign benefitting St. Jude Children's Research Hospital. The proceeds collected help advance research and…
July 13, 20160Comments

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METRO Cash & Carry partners with UN’s World Food Programme (WFP) to combat hunger around the world

Düsseldorf, Germany, 2016-Jul-12 — /EPR Retail News/ — METRO Cash & Carry has entered into a global partnership with the World Food Programme (WFP), the United Nations agency mandated to combat hunger around the world. This is an opportunity for METRO to help WFP advance towards the second of the UN’s Sustainable Development Goals: to “end…
July 12, 20160Comments

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Amazon.com will open a new fulfillment center in Kansas City, Kansas; 1,000 full-time roles will be created

SEATTLE, 2016-Jul-12 — /EPR Retail News/ — Amazon.com, Inc. (NASDAQ:AMZN) announced it will open a new fulfillment center in Kansas City, Kansas. The new facility, the second large-sized fulfillment center Amazon has announced within a span of four months, will create over 1,000 full-time roles. In addition to the new fulfillment center in Wyandotte County and…
July 12, 20160Comments

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Starbucks CEO Howard Schultz on compensation, Bean Stock, enhanced health care benefits, scheduling commitments, and dress code changes

Seattle, 2016-Jul-12 — /EPR Retail News/ — Starbucks chairman and ceo Howard Schultz sent the following message to all U.S. partners (employees) the morning of July 11, 2016, sharing new developments regarding compensation, Bean Stock, enhanced health care benefits, scheduling commitments, and dress code changes. Dear partners, On Friday, I wrote you that I was at a loss for…
July 12, 20160Comments

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Tesco customers will be able to earn double Clubcard points, 15 -18 July

CHESHUNT, England, 2016-Jul-12 — /EPR Retail News/ — Tesco has today announced that from 15 -18 July, customers will be able to earn double Clubcard points in store, online (across Grocery Online, Tesco Direct and Wine by the Case) and at its petrol filling stations, helping customer’s points grow faster. The move will see customers earn two points…
July 12, 20160Comments

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Waitrose to move its payment terms for all UK small food producers to a maximum of seven days

LONDON, 2016-Jul-12 — /EPR Retail News/ — Waitrose is to move its payment terms for all UK small food producers to a maximum of seven days. The step, which will be phased in over the next two months, follows an internal review of payment terms for smaller suppliers and will mean that the supermarket now offers industry…
July 12, 20160Comments

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Alimentation Couche-Tard Inc. will issue 4Q2016 financial results on July 12, 2016

Laval, Canada, 2016-Jul-12 — /EPR Retail News/ — Alimentation Couche-Tard Inc. (TSX: ATD.A ATD.B), will be issuing on July 12th, 2016 the financial results for its fourth quarter of 2016. Therefore, Couche-Tard invites analysts known to the Corporation to send their two questions to its management before 11:00 AM (DST) on July 12th, 2016. Financial analysts and…
July 12, 20160Comments

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British Land and Oxford Properties: The Leadenhall Building is now fully let

London, 2016-Jul-12 — /EPR Retail News/ — British Land and Oxford Properties announce today that The Leadenhall Building is fully let. Current customers Kames Capital, MS Amlin and Rothesay Life have committed to take the last remaining three floors, with two of the three transactions completing since the EU Referendum on 23 June. Kames Capital, which currently…
July 12, 20160Comments

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Ray-Ban announces sponsorship agreement with Ferrari S.p.A.

Silverstone (UK), 2016-Jul-11 — /EPR Retail News/ — Luxottica Group S.p.A. (MTA: LUX; NYSE: LUX), a leader in the design, manufacture, distribution and sale of fashion, luxury and sports eye wear and owner of the iconic sunglasses brand Ray-Ban, announces a sponsorship agreement with Ferrari S.p.A.. Ray-Ban, the most popular eye wear brand in the world, signed a…
July 11, 20160Comments

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The Container Store® announces partnership with U.S. Fund for UNICEF during “Get Your Life Together” summer sale campaign

Retailer accepting donations in-store and online to help raise funds for UNICEF’s education programs for children around the world DALLAS, 2016-Jul-11 — /EPR Retail News/ — The Container Store® (NYSE:TCS), the nation’s leading retailer of storage and organization products, today announced the launch of its partnership with the U.S. Fund for UNICEF during the retailer’s “Get Your…
July 11, 20160Comments

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EOS Group acquires debt collection service provider Contentia in France and Belgium

Hamburg, 2016-Jul-11 — /EPR Retail News/ — On 1 July 2016, the international EOS Group acquired 100% of the shares in debt collection service provider Contentia in France and Belgium. The EOS Group already has a successful debt collection company in each of the two countries. "With the takeover of Contentia, EOS is reinforcing its position as…
July 11, 20160Comments

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X5 Retail Group N.V. announces that Moody’s rating agency upgrades its outlook to positive from stable

Moscow, 2016-Jul-11 — /EPR Retail News/ — X5 Retail Group N.V. ("X5" or "the Company"), a leading Russian food retailer (LSE ticker: “FIVE”), announces that Moody’s rating agency has changed the outlook on the Company’s Ba3 corporate family rating (CFR) and the Ba3-PD probability of default rating (PDR) to “positive” from “stable”. The agency stated that…
July 11, 20160Comments

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Costco Wholesale Corporation reported $11.33 billion net sales for the month of June

ISSAQUAH, WA , 2016-Jul-11 — /EPR Retail News/ — Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ: COST) today reported net sales of $11.33 billion for the month of June, the five weeks ended July 3, 2016, an increase of three percent from $11.03 billion during the similar period last year. The five-week June reporting periods…
July 11, 20160Comments

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John Lewis plans to grow its own brand Home business to £1bn of annual revenue by 2020

London, 2016-Jul-10 — /EPR Retail News/ — John Lewis has announced its ambition to grow its own brand Home business to £1bn of annual revenue by 2020. In addition to this, the retailer plans to continue to expand its exclusive relationships with external brands. The department store, famous for its home collections, plans to build on its success…
July 10, 20160Comments

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Swedish ICA stores Sales increased by 4.3% in June 2016 compared with the same month last year

Solna, Sweden, 2016-Jul-09 — /EPR Retail News/ — In June 2016, sales in the Swedish ICA stores totalled SEK 9,761 million excluding VAT, which is an increase of 4.3% compared with the same month in the previous year. Sales in January-June 2016 amounted to SEK 54,507 million, an increase of 3.5% compared with the previous year. ICA…
July 9, 20160Comments

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Macy’s, Inc. to report its second quarter 2016 sales and earnings on Thursday, Aug. 11, 2016

CINCINNATI, 2016-Jul-09 — /EPR Retail News/ — Macy’s, Inc. (NYSE:M) is scheduled to report its second quarter 2016 sales and earnings before the opening of financial markets on Thursday, Aug. 11, 2016. The company will webcast a call with financial analysts and investors that day at 10 a.m. ET. Macys, Inc.’s webcast is accessible to the media…
July 8, 20160Comments

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CVS Health Research Institute study reveals that medication reconciliation programs reduced risk of hospital readmission by 50 percent

WOONSOCKET, R.I., 2016-Jul-09 — /EPR Retail News/ — A new study from the CVS Health Research Institute found that medication reconciliation programs, in which pharmacists review patients' medication regimens and provide adherence counseling during the patient's transition from hospital to home, reduced risk of hospital readmission by 50 percent and helped avoid unnecessary health care costs.…
July 8, 20160Comments

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Publix Super Markets Inc. declares quarterly dividend of 22.25 cents per share on its common stock

LAKELAND, Fla., 2016-Jul-09 — /EPR Retail News/ — Publix Super Markets Inc. announced its board of directors declared a quarterly dividend of 22.25 cents per share on its common stock. The dividend will be payable Aug. 1, 2016, either through direct deposit or mailed as a check to stockholders of record as of the close of business…
July 8, 20160Comments

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