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GAP Inc. outlined strategic initiative to achieve long-term, profitable growth across its brands portfolio at its annual investor meeting

Brand Presidents Highlighting Strategies to Drive Product Innovation and Strengthen Brand Value Propositions SAN FRANCISCO, 2014-4-16 — /EPR Retail News/ — As part of its annual investor meeting, Gap Inc. (NYSE: GPS) today is providing an overview of its strategic initiatives designed to achieve long-term, profitable growth across its portfolio of brands. The company also will highlight…
April 16, 20140Comments

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Business Financial Management Retail

Kimco Realty Corp. announced f $500 million public offering notes due 2021 at 3.20% per annum

NEW HYDE PARK, N.Y., 2014-4-16 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) yesterday announced its public offering of $500 million notes due 2021 at a coupon of 3.20% per annum with an effective yield of 3.232%, maturing May 1, 2021. The company intends to use the net proceeds of approximately $495.4 million from…
April 16, 20140Comments

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ICSC and Goldman Sachs Weekly Chain Store Sales Index: retailers’ 1st week of April sales down by 0.3% but improved to 2.3% on YoY basis

NEW YORK, 2014-4-15 — /EPR Retail News/ —  Warmer weather brought mixed results as some retail segments finally warmed up as others seemingly cooled down this past week. For the first fiscal week of April, retailers saw weekly sales decline slightly by 0.3%, according to the International Council of Shopping Centers (ICSC) and Goldman…
April 15, 20140Comments

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Business Consumer Goods Financial Grocery Management Retail Retailer

Kesko reported €794.3 million sales in March 2014, up 0.5%

Helsinki, Finland, 2014-4-15 — /EPR Retail News/ — Kesko Group's sales, excluding VAT, in March 2014 totalled €794.3 million, up 0.5%. In Kesko's food trade, sales in March were €358.6 million, a decrease of 6.6% compared to the previous year. The fact that Easter fell in March last year affected sales performance. In the home and speciality goods trade,…
April 15, 20140Comments

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Business Consumer Goods Financial Grocery Management Retail Retailer

Ahold repurchased 380,435 Ahold common shares for € 5.40 million between April 7 and April 11, 2014

Zaandam, the Netherlands, 2014-4-14 — /EPR Retail News/ — Ahold has repurchased 380,435 Ahold common shares in the period from April 7, 2014 up to and including April 11, 2014. The shares were repurchased at an average price of € 14.1909 per share for a total consideration of € 5.40 million. These repurchases were made as part…
April 14, 20140Comments

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National Retail Federation: Warmer spring weather spurred continued consumer spending and activity this March

Continued Optimism Expected with the Arrival of Easter & Tax Refunds WASHINGTON, 2014-4-14 — /EPR Retail News/ — Warmer spring weather spurred continued consumer spending and activity this March. According to the National Retail Federation – the world's largest retail trade association – March retail sales, which exclude automobiles, gas stations and restaurants, increased 0.8 percent adjusted month-to-month…
April 14, 20140Comments

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Gap Inc. to host meeting for the investment community on April 16, 2014 at its headquarters in San Francisco

SAN FRANCISCO, 2014-4-14 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today announced that it will host a meeting for the investment community on Wednesday, April 16, 2014 at its headquarters in San Francisco. A live webcast of the presentations will take place from approximately 10:00 a.m. to 2:30 p.m. Pacific Time. The following Gap Inc. executives…
April 14, 20140Comments

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Business Financial Malls Management Retail

Vornado Realty Trust plans to spin off its shopping center business into new publicly traded REIT

NEW YORK, 2014-4-14 — /EPR Retail News/ — Vornado Realty Trust plans to spin off its shopping center business consisting of 81 strip centers and four malls into a new publicly traded REIT. The strip centers are primarily located in the densely populated Northeastern U.S. The malls consist of Bergen Town Center, in Paramus, N.J.; Monmouth Mall,…
April 14, 20140Comments

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Kimco Realty acquired remaining 60.9 percent interest in the 12-property Kimco Income Fund I portfolio

Acquisition of 12 properties furthers company’s simplification and transformation goals NEW HYDE PARK, N.Y., 2014-4-11 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM), North America’s largest publicly traded owner and operator of neighborhood and community shopping centers, today announced that it has acquired the remaining 60.9-percent interest in the 12-property Kimco Income Fund I portfolio…
April 11, 20140Comments

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New Zealand’s largest retailer Foodstuffs to offer Visa payWave contactless payments

Waiheke, New Zealand, 2014-4-11 — /EPR Retail News/ — New Zealand’s largest retailer, Foodstuffs, intends to make Visa payWave payments available to its members, who collectively operate 3,500 terminals in 700 stores including PAK’nSAVE, New World and Four Square stores. Visa and Foodstuffs have collaborated to offer customers of the cooperative, the option to pay for their shopping…
April 11, 20140Comments

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Belk Inc announced operating results for the fiscal year ended February 1, 2014

Total sales increase 2.1 percent, comparable store sales rise 2.9 percent Online sales grow 42.5 percent CHARLOTTE, N.C., 2014-4-10 — /EPR Retail News/ — Belk, Inc., the nation’s largest family owned and operated fashion department store company, today announced operating results for the fiscal year ended February 1, 2014. Tim Belk, chairman and chief executive officer…
April 10, 20140Comments

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IKEA aquires Hoopeston Wind in Illinois its first wind farm investment in the United States

98 MW Hoopeston Wind Project Is the Largest Single IKEA Renewable Energy Investment Globally to Date Conshohocken, PA, 2014-4-10 — /EPR Retail News/ — IKEA US announced today that it is making its first wind farm investment in the United States with the purchase of Hoopeston Wind in Hoopeston, Illinois. The 98 megawatt wind farm is…
April 10, 20140Comments

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Gartner study: Wincor Nixdorf ranks second for product-related services in Western Europe’s banking sector

Gartner publishes “Market Share: IT Services, 2013” report, March 31, 2014 Paderborn, Germany, 2014-4-8 — /EPR Retail News/ — Wincor Nixdorf has maintained its second-place ranking in hardware support for banking & securities in Western Europe based on revenue. This is the result of the study “Market Share: IT Services, 2013” carried out by the American market research…
April 8, 20140Comments

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Ahold repurchased 1,502,473 Ahold common shares for € 21.71 million between March 31 and April 4, 2014

Zaandam, the Netherlands, 2014-4-7 — /EPR Retail News/ — Ahold has repurchased 1,502,473 Ahold common shares in the period from March 31, 2014 up to and including April 4, 2014. The shares were repurchased at an average price of € 14.4483 per share for a total consideration of € 21.71 million. These repurchases were made as part…
April 7, 20140Comments

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Wesfarmers to sell the insurance broking and premium funding operations of its Insurance division to subsidiaries of Arthur J. Gallagher & Co. for $1,010 million

Perth, Australia, 2014-4-7 — /EPR Retail News/ — Wesfarmers today announced it has agreed to sell the insurance broking and premium funding operations of its Insurance division to subsidiaries of Arthur J. Gallagher & Co. (NYSE: AJG) for $1,010 million. In addition to the purchase price, Wesfarmers will receive a distribution of approximately $150 million to…
April 7, 20140Comments

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The Rite Aid Foundation donates $15,000 to the Snohomish County chapter of the American Red Cross

Camp Hill, PA, 2014-4-4 — /EPR Retail News/ — Rite Aid today announced that The Rite Aid Foundation is making a $15,000 donation to the Snohomish County chapter of the American Red Cross to help the victims, families and communities affected by the devastating landslide that occurred on March 22 in Oso, Washington. "Our hearts go out…
April 4, 20140Comments

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Rite Aid Corporation announced sales results for March 2014

CAMP HILL, Pa., 2014-4-4 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD) today announced sales results for March. Monthly Sales For the four weeks ended March 29, 2014, same store sales increased 0.7 percent over the prior-year period. March front-end same store sales decreased 5.0 percent, with 4.1 percent of the decrease attributable to a shift…
April 4, 20140Comments

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Delhaize Group sold its Bosnian & Herzegovinian stores to Tropic Group B.V.

BRUSSELS, Belgium, 2014-4-3 — /EPR Retail News/ — Delhaize Group (Euronext Brussels: DELB, NYSE: DEG), the Belgian international food retailer, announces that it has signed an agreement with Tropic Group B.V. on the sale of its Bosnian & Herzegovinian stores. Delhaize Group has signed an agreement with Tropic Group B.V., to divest all of its 39 Bosnian…
April 3, 20140Comments

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CBRE Group ranked #1 commercial real estate brokerage firm by National Real Estate Investor

Los Angeles, 2014-4-3 — /EPR Retail News/ — National Real Estate Investor (NREI), the leading publication for professional real estate investors, has ranked CBRE Group, Inc. (NYSE:CBG) as the No. 1 commercial real estate brokerage firm for the 11th year in a row. The ranking, featured in the publication’s April 2014 issue, is based on the aggregate value…
April 3, 20140Comments

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BESTSELLER FUND OUTLINED THE PROJECTS IT SUPPORTED DURING 2013 IN ITS ANNUAL REPORT

Brande, Denmark, 2014-4-2 — /EPR Retail News/ — POOR CHINESE FARMERS, AFRICAN ENTREPRENEURS, VULNERABLE CHILDREN IN DENMARK AND TRADITIONAL HANDICRAFTS IN INDIA. IN BESTSELLER FUND’S ANNUAL REPORT, YOU CAN READ ABOUT ALL THE BENEFICIARIES AND PROJECTS SUPPORTED BY BESTSELLER FUND IN 2013 Focus on results  The Annual Report is divided into thematic chapters that follow BESTSELLER FUND’s three new…
April 2, 20140Comments

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SM Investments Corporation held first retail roadshow to reach out to investors

Pasay City, Philippines, 2014-4-2 — /EPR Retail News/ — SM Investments Corporation (SM) reached out to retail investors in maiden non-deal domestic roadshow held recently in Cebu, Davao and Manila. The roadshow is an initiative of the company’s investor relations which runs in line with the company’s good governance practices by keeping investors and the markets informed…
April 2, 20140Comments

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Kimco Realty sold nine-property retail portfolio in Mexico to joint venture between Macquarie Mexican REIT and Grupo Frisa for $222 million

Sale furthers company’s strategic exit from Latin America NEW HYDE PARK, N.Y., 2014-4-2 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM), North America’s largest publicly traded owner and operator of neighborhood and community shopping centers, today announced it has closed on the sale of a nine-property retail portfolio in Mexico to a joint venture between Macquarie…
April 2, 20140Comments

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Business Convenience Stores Financial Management Retail Retailer

National Association of Convenience Stores: Convenience stores reached record in-store sales in 2013 with sales climbing 2.4% to $204 billion

CHICAGO, 2014-4-2 — /EPR Retail News/ — U.S. convenience stores reached record in-store sales in 2013, with sales climbing 2.4% to $204 billion. Combined with motor fuels sales of $491.5 billion, overall convenience store sales were $695.5 billion, according to figures released today by the National Association of Convenience Stores (NACS). The industry’s 2013 numbers were announced…
April 2, 20140Comments

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Ingles Markets Inc’s Board of Directors announced quarterly cash dividend on its Class A and B Common Stock

ASHEVILLE, N.C., 2014-3-31 — /EPR Retail News/ — Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock.  This is an annual rate of $0.66 and…
March 31, 20140Comments

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Toys“R”Us, Inc. reports fourth quarter and full 2013 fiscal year financial results

WAYNE, NJ, 2014-3-28 — /EPR Retail News/ — Toys“R”Us, Inc. today reported financial results for the fourth quarter and full year of fiscal 2013 ended February 1, 2014.  For the fourth quarter, the company reported net sales of $5.3 billion and Adjusted EBITDA1 of $505 million. Antonio Urcelay, Chairman of the Board of Directors and Chief Executive Officer, Toys“R”Us, Inc.,…
March 28, 20140Comments

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Apparel Business Fashion Financial Management Retail Retailer

H&M announce Annual General Meeting on Tuesday 29 April 2014 at 3 p.m

Stockholm, Sweden, 2014-3-28 — /EPR Retail News/ — Shareholders of H & M Hennes & Mauritz AB (publ) are hereby invited to the Annual General Meeting (AGM) on Tuesday 29 April 2014 at 3 p.m., at Victoriahallen, Stockholmsmässan, Älvsjö in Stockholm. NOTICE OF ATTENDANCE Shareholders who wish to attend the AGM shall both  be entered in the company’s register of…
March 28, 20140Comments

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H&M performance report for 1 December 2013 – 28 February 2014

Stockholm, Sweden, 2014-3-28 — /EPR Retail News/ — H&M performance report for 1 December 2013 - 28 February 2014 First quarter The H&M Group’s sales including VAT increased in local currencies by 12 percent during the first quarter. Converted into SEK, sales excluding VAT amounted to SEK 32,143 m (28,392), an increase of 13 percent. Gross profit amounted to SEK…
March 28, 20140Comments

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The National Retail Federation: PIN-Based Credit Cards must be adopted to reduce risk for merchants and their customers

Technologies Available to Reduce Fraud WASHINGTON, 2014-3-27 — /EPR Retail News/ — The National Retail Federation told the Senate today that it’s time for an overhaul of the nation’s fraud-prone credit and debit card system, saying banks’ insistence on cards that use a signature instead of a Personal Identification Number puts merchants and their customers at risk. Indeed, card…
March 27, 20140Comments

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Wesfarmers accepts Insurance Australia Group’s proposed acquisition of the Australian underwriting operations of its Insurance division

Perth, Australia, 2014-3-26 — /EPR Retail News/ — Wesfarmers today announced it had received confirmation from the Australian Competition and Consumer Commission (ACCC) that it will not oppose Insurance Australia Group’s proposed acquisition of the Australian underwriting operations of Wesfarmers’ Insurance division. Wesfarmers Managing Director Richard Goyder said he was pleased that a key transaction milestone had been…
March 26, 20140Comments

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Aktia customers to receive K-Plussa points from the service fee when withdrawing cash in K-food stores

Helsinki, Finland, 2014-3-26 — /EPR Retail News/ — Kesko and Aktia have entered a cooperation agreement by which the bank's customers will receive additional K-Plussa points from the service fee when withdrawing cash in K-food stores. The cooperation begins on 1 April. It is possible to withdraw cash with all Finnish debit cards in more than 700…
March 26, 20140Comments

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