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Financial

AHOLD REPURCHASED 2,465,000 AHOLD COMMON SHARES FOR € 33.07 MILLION BETWEEN JUNE 9 AND 13, 2014

Zaandam, the Netherlands, 2014-6-16 — /EPR Retail News/ —  Ahold has repurchased 2,465,000 Ahold common shares in the period from June 9, 2014 up to and including June 13, 2014. The shares were repurchased at an average price of € 13.4159 per share for a total consideration of € 33.07 million. These repurchases were made as part…

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Target Corporation declared quarterly dividend of 52 cents per common share

MINNEAPOLIS, 2014-6-12 — /EPR Retail News/ — The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of 52 cents per common share. The dividend is payable September 10, 2014 to shareholders of record at the close of business August 20, 2014. The 3rd quarter dividend will be the company’s 188th consecutive dividend paid since October 1967 when the…

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H&M Group announces 19% increase in May 2014 total sales including VAT compared to the same month last year

Stockholm, Sweden,  2014-6-11 — /EPR Retail News/ —   In May 2014, the H&M Group total sales including VAT increased by 19 percent in local currencies compared to the same month last year. Sales in May were positively affected by calendar effects of approximately 3 – 4 percentage points. In June, this will be reversed, i.e. sales will…

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Six Burlington-area students presented with $500 scholarship grants from Wegmans Food Markets

BURLINGTON, MA, 2014-6-10 — /EPR Retail News/ —  Six Burlington-area students were presented with $500 scholarship grants from Wegmans Food Markets at their high school awards ceremonies this year. The local recipients are graduating seniors from Burlington High School, Bedford High School, and Billerica High School. Wegmans partnered with each school to select two students who exemplify…

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Tesco Bank now offers full range of retail banking and insurance products with the launch of its first current account

 Cheshunt, England,  2014-6-10 — /EPR Retail News/ —  Tesco Bank is today launching its first current account. The account has been designed after listening to more than 20,000 customers, and includes all the key features that matter most to them. Tesco Bank has been wholly owned by Tesco since December 2008 and now serves 6 million customers…

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AHOLD REPURCHASED 2,632,000 AHOLD COMMON SHARES FOR € 35.04 million BETWEEN June 2 AND 6, 2014

Zaandam, the Netherlands, 2014-6-10 — /EPR Retail News/ —  Ahold has repurchased 2,632,000 Ahold common shares in the period from June 2, 2014 up to and including June 6, 2014. The shares were repurchased at an average price of € 13.3141 per share for a total consideration of € 35.04 million. These repurchases were made as part of…

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H & M Hennes & Mauritz AB presents six-month results for 2014 at press conference on 18 June

Stockholm, Sweden, 2014-6-5 — /EPR Retail News/ — H & M Hennes & Mauritz AB presents the six-month results for 2014 at a press conference on Wednesday 18 June at 9.30 CET. There will also be a telephone conference in English at 14.00 CET the same day The six-month results for the period 1 December 2013 to 31 May 2014…

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SM Investments Corporation to issue US Dollar Bonds with maturity of up to ten years

Manila, Philippines, 2014-6-4 — /EPR Retail News/ —  SM Investments Corporation (SM) announced today that its Board of Directors approved the issuance of US Dollar Bonds with maturity of up to ten years. SM appointed Citi and Standard Chartered Bank as Joint Lead Managers and Joint Bookrunners. The offering is intended to be used for general…

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BRC survey reveals customers using less cash than ever as retailers make it easier and more convenient to shop and pay

LONDON, 2014-6-2 — /EPR Retail News/ —  Customers are using less cash than ever as retailers make it easier and more convenient to shop and pay. New data reveals that a growing proportion of smaller payments previously made in cash are now being made in other ways. The availability of contactless cards, handy express stores and…

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Belk, Inc. announces operating results for fiscal first quarter ended May 3, 2014

Online sales grow 42 percent Company repurchases $94.3 million in stock CHARLOTTE, N.C., 2014-5-30 — /EPR Retail News/ —  Belk, Inc., the nation’s largest family owned and operated fashion department store company, today announced operating results for its fiscal first quarter ended May 3, 2014. Tim Belk, chairman and chief executive officer of Belk, Inc., said, “First…

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Wegmans Employee Scholarship Program to award college tuition assistance to 1,766 new recipients for the upcoming academic year

ROCHESTER, NY, 2014-5-28 — /EPR Retail News/ — Wegmans Food Markets has announced that the Wegmans Employee Scholarship Program will award college tuition assistance to 1,766 new recipients for the upcoming academic year. Wegmans expects to pay out more than $4.91 million in tuition assistance to both new and returning scholarship recipients during the 2014/2015 school year. Click here…

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AHOLD REPURCHASED 2,285,504 AHOLD COMMON SHARES FOR € 32.26 million BETWEEN MAY 19 AND 23, 2014

Zaandam, the Netherlands, 2014-5-27 — /EPR Retail News/ — Ahold has repurchased 2,285,504 Ahold common shares in the period from May 19, 2014 up to and including May 23, 2014. The shares were repurchased at an average price of € 14.1137 per share for a total consideration of € 32.26 million. These repurchases were made as…

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Delhaize Group shareholders approved the annual accounts for fiscal year 2013 and €1.56 gross dividend per share

BRUSSELS, Belgium, 2014-5-23 — /EPR Retail News/ —  Delhaize Group (Euronext Brussels: DELB, NYSE: DEG), the Belgian international food retailer, announced today that during its Ordinary Shareholders Meeting its shareholders approved the annual accounts for fiscal year 2013 and the distribution of a €1.56 gross dividend per share. After deduction of a 25% withholding tax,…

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ICSC and Goldman Sachs Weekly Chain Store Sales Index: Weekly retail sales slipped by 1.3% for the week ending May 17

NEW YORK, 2014-5-23 — /EPR Retail News/ —  Mother Nature once again kept the chill on retail sales as rain and snow left consumers soggy and constrained their ability to shop this past week. As a result weekly retail sales slipped by 1.3% for the week ending May 17, according to the International Council of…

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J. C. Penney Company, Inc. granted equity inducement award of 223,964 restricted stock units to its EVP & CFO Edward Record

PLANO, Texas, 2014-5-22 — /EPR Retail News/ —  In accordance with the New York Stock Exchange rules regarding equity inducement awards, J. C. Penney Company, Inc. (NYSE: JCP) announced that on May 20, 2014, an equity inducement award of 223,964 restricted stock units (RSUs) was granted to Edward Record, the Company’s Executive Vice President and Chief…

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Target Corporation announces $418 million net earnings on its First Quarter 2014 report

First quarter Adjusted EPS of $0.70; GAAP EPS of $0.66 First quarter Adjusted EPS of 70 cents was above the mid-point of Target’s prior guidance of 60 cents to 75 cents. Target’s U.S. comparable sales decreased (0.3)% in the first quarter, near the high end of the expected range. Canadian Segment sales were $393 million, up…

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Darty plc announces trading update for the fourth quarter period from 1 February 2014 to 30 April 2014 and for the financial year ended 30 April 2014

London, UK,  2014-5-22 — /EPR Retail News/ —  Darty plc today announces a trading update for the fourth quarter period from 1 February 2014 to 30 April 2014 and for the financial year ended 30 April 2014, based on unaudited management accounts. Reflecting the evolving structure of the Group, all trading data for the prior…

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AHOLD REPURCHASED 2,327,071 AHOLD COMMON SHARES FOR € 32.98 MILLION BETWEEN May 12 AND MAY 16, 2014

Zaandam, the Netherlands, 2014-5-21 — /EPR Retail News/ — Ahold has repurchased 2,327,071 Ahold common shares in the period from May 12, 2014 up to and including May 16, 2014. The shares were repurchased at an average price of € 14.1715 per share for a total consideration of € 32.98 million. These repurchases were made as…

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GOME Electrical Appliances Holding Limited announced its unaudited results for the three months ended 31 March 2014

Net profit up 252.6% Key Momentum Stems from Management Focus, Omni Channel Strategy and Supply Chain Service Upgrade Achieved in 200 Cities to Provide 3 Deliveries/Day, Precise Delivery & Installation with Delivery Hong Kong, 2014-5-19 — /EPR Retail News/ —  GOME Electrical Appliances Holding Limited (HKSE: 493, “GOME” or “The Company”, together with its subsidiaries, “The Group”) today…

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Kesko Group announces 1.3% increase in sales excluding VAT in April 2014

Kesko Group's sales, excluding VAT, in April 2014 totalled €821.2 million, up 1.3%. Helsinki, Finland,  2014-5-16 — /EPR Retail News/ —  In Kesko's food trade, sales in April were €388.5 million, an increase of 10.9% compared to the previous year. The fact that Easter fell in March in the previous year affected sales performance. In the home…

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Alliance Boots reports annual results for the year ended 31 March 2014

Nottingham,  2014-5-16 — /EPR Retail News/ —  “On track to become the world leader in both retail pharmacy and pharmaceutical wholesaling” Highlights: Revenue reported: up 4.3% to £23.4 billion including share of associates and joint ventures: up 4.3% to £25.7 billion Trading profit reported: up 0.4% to £1,270 million including share of associates and joint ventures: up 7.7% to £1,382…

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H&M Group reports on its April 2014 sales development

Stockholm, Sweden, 2014-5-16 — /EPR Retail News/ — In April, the H&M Group total sales including VAT increased by 17 percent in local currencies compared to the same month last year. The total number of stores amounted to 3,246 on 30 April 2014 versus 2,881 on 30 April 2013. Percentage sales development for the month of May and total…

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General Growth Properties declares second quarter common stock dividend of $0.15 per share payable on July 31, 2014

Chicago, Illinois, 2014-5-16 — /EPR Retail News/ —  General Growth Properties, Inc. (NYSE: GGP, the “Company”) today announced its Board of Directors declared a second quarter common stock dividend of $0.15 per share payable on July 31, 2014, to stockholders of record on July 15, 2014. The Board of Directors also declared a quarterly dividend on…

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Gap Inc. to provide webcast of its Annual Meeting of Shareholders on May 20, 2014

SAN FRANCISCO, 2014-5-16 — /EPR Retail News/ —  Gap Inc. (NYSE: GPS) will provide a live audio webcast of the company’s Annual Meeting of Shareholders, beginning at 10:00 a.m. Pacific Daylight Time on May 20, 2014. To register for the webcast on May 20, please visit www.gapinc.com (follow the Investors, Financial News and Events, Webcasts links). A replay…

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National Grocers Association President appointed to National Cooperative Bank 2014 Board of Directors

Arlington, VA, 2014-5-14 — /EPR Retail News/ —  National Grocers Association (NGA) President and CEO Peter J. Larkin has been appointed to serve on the National Cooperative Bank (NCB) Board of Directors. NCB, a leading financial services company serving cooperatives nationwide, announced the 2014 Board of Directors at its annual meeting, held on May 8th in Washington,…

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Philippines: SM Investments Corporation reports PHP 6.24 Billion in Net Income in Q12014

Pasay City, Philippines, 2014-5-14 — /EPR Retail News/ — SM Investments Corporation (SM) reported that net income for the first three months reached PHP 6.24 billion from the PHP 7.42 billion reported during the same period last year. On a recurring basis, however, SM’s net income grew 11% from PHP5.61 billion. Underlying revenues also grew 12% from…

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CBL & Associates Properties, Inc. sells Lakeshore Mall in Sebring Florida for $14.0 million

CHATTANOOGA, Tenn., 2014-5-13 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE:CBL) announced that it has closed on the sale of Lakeshore Mall in Sebring, FL, to a private buyer for $14.0 million. “We are pleased to advance our strategic objective of selling lower productivity malls with the disposition of Lakeshore Mall,” said Stephen…

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Intershop reports 64% increase in licensing revenues during Q1 2014

Licensing revenues grow strongly (+64%) Net revenues at prior year level Positive operating cash flow Jena, Germany, 2014-5-9 — /EPR Retail News/ — Intershop Communications AG (ISIN: DE000A0EPUH1), leading independent provider of innovative solutions for omni-channel commerce, continues to drive forward its refocusing on the product business. In the first three months of 2014 Intershop…

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Kimco Realty reports 6.3% increase in FFO as adjusted per diluted share in first quarter 2014 operating results

Kimco Realty Announces First Quarter 2014 Operating Results - Reports a 6.3% Increase in FFO as Adjusted per Diluted Share; Advances Portfolio Simplification and Transformation Efforts NEW HYDE PARK, New York, 2014-5-9 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) today reported results for the first quarter ended March 31, 2014. Highlights for the First Quarter…

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Gap Inc. announced its April net sales increased 10% to $1.33 billion for four-week period ended May 3, 2014 vs $1.21 billion last year

Guides to First Quarter Earnings per Share Range of $0.56 to $0.57 SAN FRANCISCO, 2014-5-9 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today reported that April net sales increased 10 percent to $1.33 billion for the four-week period ended May 3, 2014 versus $1.21 billion last year.   Gap Inc.’s comparable sales for April 2014 were up 9…

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