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Rite Aid Corporation to release financial results for its Fiscal 2014 Fourth Quarter on April 10, 2014

CAMP HILL, Pa., 2014-3-26 — /EPR Retail News/ — Rite Aid Corporation (NYSE: RAD) said today that it will release financial results for its Fiscal 2014 Fourth Quarter, which ended March 1, 2014, on Thursday, April 10, 2014. The company will hold an analyst call at 8:30 a.m. Eastern Daylight Time (5:30 a.m. Pacific Time) with…
March 26, 20140Comments

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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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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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Business Financial Management Retail Retailer

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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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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ShopRite stores in Hudson Valley raised over $95,000 for Maria Fareri Children’s Hospital at Westchester Medical Center

Keasbey, NJ, 2014-3-22 — /EPR Retail News/ — ShopRite stores throughout the Hudson Valley region raised more than $95,000 in support of Maria Fareri Children’s Hospital at Westchester Medical Center during the month of January this year. The donations were collected at checkout from the generous customers at ShopRite during the Together for our Childrencampaign and a…
March 22, 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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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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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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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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Business Consumer Goods Financial Grocery Retail Retailer

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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Harris Teeter Together in Education and North Carolina Education Lottery to donate $1,000 each to four local schools

Matthews, NC, 2014-3-17 — /EPR Retail News/ —Primrose School of West Cary, Highcroft Drive Elementary, Green Hope High School, Turner Creek Elementary School Each to Receive $1,000 Date:              Friday, March 21, 2014 Time:             11 a.m. Location:      High House Crossing Harris Teeter 2741 NC Highway 55 W Cary, N.C. 27519 Live shots are welcomed! Friday, March 21, 2014, Harris Teeter Store…
March 17, 20140Comments

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Apparel Business Fashion Financial Management Retail Retailer

H&M: February total sales 11% up compared to the same month last year

Stockholm, Sweden, 2014-3-17 — /EPR Retail News/ — In February, the H&M Group total sales including VAT increased by 11 percent in local currencies compared to the same month last year. In the first quarter, i.e. 1 December 2013 to 28 February 2014, sales increased by 12 percent including VAT in local currencies compared to the corresponding quarter…
March 17, 20140Comments

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H & M launches its Shop Online store in France, will also debut H&M Home

Stockholm, Sweden, 2014-3-17 — /EPR Retail News/ — H & M Hennes & Mauritz AB is proud to announce the launch of its highly anticipated Shop Online store in France. Customers will find the same collections online as in-store, and will for the first time be able to shop H&M Home products. H&M’s Shop Online offers customers access…
March 17, 20140Comments

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H & M Hennes & Mauritz AB presents first quarterly results for 2014 on 27 March

Stockholm, Sweden, 2014-3-14 — /EPR Retail News/ — H & M Hennes & Mauritz AB presents the first quarterly results for 2014 at a press conference on Thursday 27 March at 9.30 CET. There will also be a telephone conference in English at 14.00 CET the same day. The first quartely results for the period 1 December 2013 to 28…
March 14, 20140Comments

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Target Corporation announced quarterly dividend of 43 cents per common share

MINNEAPOLIS, 2014-3-14 — /EPR Retail News/ — The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of 43 cents per common share. The dividend is payable June 10, 2014 to shareholders of record at the close of business May 21, 2014. The 2nd quarter dividend will be the company’s 187th consecutive dividend paid…
March 14, 20140Comments

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Morrisons reports preliminary results for the year ended 2 February 2014

Bradford, England, 2014-3-14 — /EPR Retail News/ — Preliminary results for the year ended 2 February 2014 and strategic update. Financial summary · Turnover down 2% to £17.7bn (2012/13: £18.1bn) · Like-for-like sales (ex-fuel, ex-VAT) down 2.8% (2012/13: down 2.1%)(1) · Underlying profit before tax down 13% to £785m (2012/13: £901m)(2) · Non-recurring exceptional costs of £903m · Loss before tax £176m (2012/13:…
March 14, 20140Comments

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Delhaize Group announced 2013 results, group revenue up 2.6%

BRUSSELS, BELGIUM, 2014-3-13 — /EPR Retail News/ — Delhaize Group announced 2013 results, group revenue up 2.6% Financial Highlights 2013 Group revenue growth of 2.6% at identical exchange rates; organic revenue growth of 3.1% Food Lion phase roll-out completed Underlying operating profit of €753 million (-4.2%) or €769 million at identical exchange rates (-2.1%)» Free cash flow generation of …
March 13, 20140Comments

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The Merchant and Financial Services Cybersecurity Partnership announced the operating structure for the group

Washington , DC, 2014-3-13 — /EPR Retail News/ — Today, the Merchant and Financial Services Cybersecurity Partnership announced the operating structure for the group and released a video featuring Sandy Kennedy, President of the Retail Industry Leaders Association (RILA), and Governor Tim Pawlenty, President and CEO of the Financial Services Roundtable (FSR), discussing the priorities for the partnership…
March 13, 20140Comments

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Kesko and If partner to give K-Plussa customers K-Plussa points for insurance policies marketed by If

Helsinki, Finland, 2014-3-12 — /EPR Retail News/ — Kesko and If have signed a cooperation agreement which will give K-Plussa customers K-Plussa points for insurance policies marketed by If starting from June. The cooperation will be long term and the parties also include Mandatum Life responsible for Sampo's life insurance business in Finland and Kaleva Mutual Insurance Company.…
March 12, 20140Comments

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Delhaize Group to announce fourth quarter and full year 2013 results on Thursday March 13

BRUSSELS, BELGIUM, 2014-3-11 — /EPR Retail News/ — Delhaize Group will announce its fourth quarter and full year 2013 results (ended December 31, 2013) on Thursday March 13, 2014 at 7:00 a.m. CET. The press release will be available on Delhaize Group's website (www.delhaizegroup.com) immediately after its publication. The Delhaize Group management team will discuss the fourth quarter…
March 11, 20140Comments

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Ahold repurchased 3,784,727 Ahold common shares for € 54.76 million between 24-28 February 2014

Zaandam, the Netherlands, 2014-3-11 — /EPR Retail News/ — Ahold has repurchased 3,784,727 Ahold common shares in the period from February 24, 2014 up to and including February 28, 2014. The shares were repurchased at an average price of € 13.8086 per share for a total consideration of € 54.76 million. These repurchases were made as part of…
March 11, 20140Comments

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Ahold to acquire SPAR’s business in the Czech Republic for CZK 5,245 million

Zaandam, the Netherlands, 2014-3-11 — /EPR Retail News/ — Ahold is pleased to announce that it has entered into an agreement to acquire SPAR’s business in the Czech Republic for an enterprise value of CZK 5,245 million. The acquisition will be funded from existing cash resources and is subject to merger clearance. Ahold acquires 50 stores, of which…
March 11, 20140Comments

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Nearly 11,000 Sainsbury’s employees will share £8 million as two Sharesave plans mature

LONDON, 2014-3-10 — /EPR Retail News/ — Nearly 11,000 Sainsbury’s colleagues will share in the company's success as two Sharesave plans mature, with the biggest savers in the five year plan set to profit over £10,000 each, which is also tax-free. With a share price of £3.38 when the three-year and five-year plans matured, Sainsbury's colleagues saw an…
March 10, 20140Comments

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AB Acquisition LLC to acquire all outstanding shares of Safeway for $40 per share

Merger Will Lead to an Enhanced Shopping Experience, Including Lower Prices for Customers Safeway Shareholders Expected to Receive Total Value Estimated at $40 Per Share Cash of $32.50 per share, plus other contingent consideration with an estimated value of $3.65 per share Blackhawk shares with a recent value of $3.95 per Safeway share to be…
March 10, 20140Comments

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Gap Inc.reported $929 million net sales for February

SAN FRANCISCO, 2014-3-7 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today reported net sales for the four-week period ended March 1, 2014 were $929 million compared with net sales of $966 million for the four-week period ended March 2, 2013. Gap Inc.’s comparable sales for February 2014 were down 7 percent versus a 3 percent increase…
March 7, 20140Comments

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