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Ahold repurchased 3,668,554 Ahold common shares for € 46.34 million between February 3 and 7, 2014

Zaandam, the Netherlands, 2014-2-10 — /EPR Retail News/ — Ahold has repurchased 3,668,554 Ahold common shares in the period from February 3, 2014 up to and including February 7, 2014. The shares were repurchased at an average price of € 12.6306 per share for a total consideration of € 46.34 million. These repurchases were made as part…
February 10, 20140Comments

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Kesko Corporation: 85,067 new company B shares subscribed for with Kesko’s 2007C options

Helsinki, Finland, 2014-2-10 — /EPR Retail News/ — By 24 January 2014, a total of 85,067 new company B shares had been subscribed for with the 2007C options based on Kesko Corporation's 2007 option scheme. The subscribed shares have today been entered in the Trade Register. The whole subscription price of €1,041,220.08 is recorded in the company's…
February 10, 20140Comments

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Russia’s largest retailer OJSC “Magnit” announces 25.22% retail sales growth in January 2014

Krasnodar, Russia, 2014-2-10 — /EPR Retail News/ — OJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT) announces 25.22% retail sales growth in rubles for January 2014. During January 2014 the Company opened (net) 36 stores. The total store base reached 8,129 stores (7,234 convenience stores, 161 hypermarkets, 46 “Magnit Family” stores and 688 cosmetics stores). Preliminary…
February 10, 20140Comments

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Business Financial Management Marketing Retail Retailer

BRC-NIELSEN SHOP PRICE INDEX JANUARY 2014: Overall shop prices reported deflation for ninth consecutive month

London, UK, 2014-2-5 — /EPR Retail News/ — Overall shop prices reported deflation for the ninth consecutive month in January, accelerating to 1.0% from 0.8% in December. This is the deepest level of deflation since the series began in December 2006. Food inflation slowed to 1.5% from 1.7% in December. Non-food reported annual deflation of 2.7% in January…
February 5, 20140Comments

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J. C. Penney Company, Inc released preliminary update on its sales performance during the holiday

Plano, Texas, 2014-2-5 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) (the "Company") today provided a preliminary update on its sales performance during the holiday and fiscal fourth quarter periods. For the combined, nine-week November and December period, the Company reported comparable store sales growth of 3.1 percent over the same period last…
February 5, 20140Comments

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GCH Retail (Malaysia) Sdn Bhd launched e-debit transaction service at all 128 stores nationwide

Shah Alam, Malaysia, 2014-2-4 — /EPR Retail News/ — GCH Retail (Malaysia) Sdn Bhd, which operates the Giant hypermarket chain, yesterday launched e-debit transaction service at all 128 stores nationwide to provide the convenience of cashless transactions to Malaysian shoppers, said its marketing director Ruben Brusch. It is the first hypermarket chain in Malaysia to offer customers…
February 4, 20140Comments

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Kesko Corporation to acquire the company’s own B shares

Helsinki, Finland, 2014-2-4 — /EPR Retail News/ — Kesko Corporation's shareholders jointly representing over 10% of the votes carried by the company shares have made a proposal to the Annual General Meeting to be held on 7 April 2014 for the number of Board members, their remuneration and the reimbursement of their expenses. Proposal for the number of…
February 4, 20140Comments

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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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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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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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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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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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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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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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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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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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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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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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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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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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Ahold repurchased 2,445,000 Ahold common shares for € 31 million between 20 and 24 January, 2014

Zaandam, the Netherlands, 2014-1-27 — /EPR Retail News/ — Ahold has repurchased 2,445,000 Ahold common shares in the period from January 20, 2014 up to and including January 24, 2014. The shares were repurchased at an average price of € 12.7317 per share for a total consideration of € 31.13 million. These repurchases were made as part of…
January 27, 20140Comments

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Ingles Markets to provide real-time online webcast and rebroadcast of its first quarter earnings conference call on February 3, 2014

Asheville, North Carolina, US, 2014-1-27 — /EPR Retail News/ — Ingles Markets, Incorporated (NASDAQ: IMKTA) will provide an online, real-time webcast and rebroadcast of its first quarter earnings conference call on February 3, 2014. Ingles plans to release earnings for its first quarter ended December 28, 2013, on February 3, 2014. The live broadcast of Ingles Markets' quarterly…
January 27, 20140Comments

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Walmart to launch new $10 million fund for innovation in American manufacturing

Washington, D.C., US, 2014-1-23 — /EPR Retail News/ — Today, Walmart U.S. President and CEO Bill Simon joined 280 of the nation’s mayors in Washington, D.C., at the U.S. Conference of Mayors Meeting to announce a new fund for innovation in American manufacturing and a new supplier commitment to bring production of bikes and jobs to South…
January 23, 20140Comments

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Koninklijke Ahold N.V.’s shareholders approved the company’s proposal to return €1 billion to shareholders

Zaandam, the Netherlands, 2014-1-23 — /EPR Retail News/ — Ahold’s shareholders today approved the company’s proposal to return € 1 billion to shareholders by way of a capital repayment and reverse stock split. Shareholders voted at an Extraordinary General Meeting held at Ahold’s headquarters in Zaandam, The Netherlands. The meeting was attended by 65 shareholders, representing approximately 657…
January 23, 20140Comments

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JCPenney released its 2013 Sustainability Report

Plano, TX, US, 2014-1-22 — /EPR Retail News/ — JCPenney (NYSE: JCP) announced today that it has released its 2013 Sustainability Report, detailing activities in fiscal year 2012, which ended February 2013. The report highlights strategic initiatives to reduce the Company's environmental impact and encourage positive social change. "JCPenney has recently experienced a time of transition and…
January 22, 20140Comments

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Wincor Nixdorf AG announced its first quarter net sales fell by 5%

Paderborn, Germany, 2014-1-20 — /EPR Retail News/ — Wincor Nixdorf AG completed the first quarter of its current fiscal year with a decline in net sales and growth in operating profit. Compared with the same period a year ago, net sales for the first quarter fell by 5%. In total, net sales stood at €638 million (previous…
January 20, 20140Comments

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Business Financial Grocery Retail Retailer

Russia’s largest retailer Magnit announced acquisition of shares by the entity under the issuer’s control

Krasnodar, Russia, 2014-1-20 — /EPR Retail News/ — OJSC “Magnit”, Russia’s largest retailer (the “Company”, the “Issuer”, MICEX and LSE: MGNT), announces the acquisition of shares by the entity which is under the Issuer’s control. Full company name and address:  joint-stock company “Tander” 185, Levanevskogo street, Krasnodar, Russia Taxpayer Id Number: 2310031475 Principal State Registration Number: 1022301598549 Object of acquisition: voting shares of…
January 20, 20140Comments

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arvato Financial Solutions verwerft AfterPay, een Nederlandse serviceprovider voor ‘betalen na ontvangst’

Gütersloh, Duitsland, 2014-1-17 — /EPR Retail News/ — Achteraf betalen, of wel betaling na ontvangst van een besteld product, bijvoorbeeld via een (digitale) acceptgiro of factuur, is een betaalmethode waar veel online consumenten de voorkeur aan geven en draagt voor webwinkeliers bij aan een hogere verkoop. Steeds meer Europese online retailers bieden hun klanten de mogelijkheid om na…
January 17, 20140Comments

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METRO GROUP had a solid start into Financial Year 2013/14

1.1% sales growth (adjusted for currency effects and portfolio changes), like-for-like sales almost on prior year’s level Further like-for-like sales trend improvements at METRO Cash & Carry against FY 2012/13 (pro-forma) Both Egyptian MAKRO Cash & Carry stores were closed down Düsseldorf, Germany, 2014-1-15 — /EPR Retail News/ — Preliminary METRO GROUP sales in Q1 2013/14, adjusted for currency effects…
January 15, 20140Comments

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