CarMax to provide one-time bonus to associates as a result of the Tax Cuts and Jobs Act of 2017

Richmond, Va., 2018-Feb-23 — /EPR Retail News/ — CarMax, Inc. (NYSE:KMX), the nation’s largest retailer of used cars, announced plans to provide one-time bonuses to most hourly and commissioned full-time and part-time associates as a result of the recently passed Tax Cuts and Jobs Act of 2017. Bonus amounts will vary from $200 up to $1,500 based on length of service with the company.

“Our success as a company is due to the hard work and dedication of our talented Associates,” said Bill Nash, CarMax President and CEO. “We are always looking for ways we can support them, and I’m pleased to have this opportunity to thank associates for all that they do every day for our customers and for each other.” About 80 percent of associates will receive the bonus, which will be distributed in March 2018.*

CarMax regularly evaluates research salary data to ensure we are offering competitive compensation and benefits to our associates. The company also is carefully considering opportunities to use these new tax savings in ways that are in the best interests of our business, our associates, our customers and our shareholders.

About CarMax
CarMax is the nation’s largest retailer of used cars and operates more than 185 stores in 41 states nationwide. CarMax revolutionized the auto industry by delivering the honest, transparent and high-integrity car buying experience customers want and deserve. For nearly 25 years, CarMax has made car buying more ethical, fair and stress-free by offering a no-haggle, no-hassle experience and an incredible selection of vehicles. CarMax makes selling your car easy too, by offering no-obligation appraisals good for seven days. At CarMax, we’ll buy your car even if you don’t buy ours®. CarMax has nearly 25,000 associates nationwide and for 14 consecutive years has been named as one of the FORTUNE 100 Best Companies to Work For®. During the 12 months ending February 28, 2017, the company retailed 671,294 used cars and sold 391,686 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.

Contact:

pr@carmax.com
(855) 887-2915

Source: CarMax, Inc.

Gap launches limited-edition girls and boys apparel and accessories inspired by Sarah Jessica Parker’s childhood heirlooms

INSPIRED BY PARKER’S CHILDHOOD HEIRLOOMS, THE COLLECTION CELEBRATES LOVE, LUCK AND MAGIC

NEW YORK, 2018-Feb-23 — /EPR Retail News/ — Gap, the iconic American clothing brand, launches the Gap | Sarah Jessica Parker collection, a limited-edition assortment of girls and boys apparel and accessories. The collaboration was a natural fit as it reunites Gap and Parker, who starred in a series of Gap ads in the early aughts. Stemming from Parker’s family tradition of saying “rabbit, rabbit” on the first of every month for good luck, the collection celebrates love, luck and magic.

Inspired by Parker’s childhood heirlooms, the collection embraces prints and texture by playing with ginghams, stripes, florals and eyelet in classic Gap silhouettes. Available in toddler and kids sizing, Gap | Sarah Jessica Parker captures all the nostalgia of passing along well-loved, storied pieces to family and friends, the exuberance of starting your own story in those same pieces, and the joy inherent in wishing luck upon children as they move forward in the world. Parker also worked with Gap to help create two women’s dress styles that are available in the collection.

“Creating this collection with Gap has been such a treat as a mother, as one of eight children, and as a reconnection with the brand,” says Parker. “I hope the pieces are cherished by the children who wear them, that items are passed down among generations, and that some great memories are created while wearing them.”

Channeling Parker’s good luck tradition, there are embroidered rabbits found throughout the collection as well as special ‘property of:’ sewn-in tags to detail each wearer throughout the years which takes inspiration from her own family’s rituals. Gap | Sarah Jessica Parker collection favorites for girls include gingham dresses and separates with eyelet hems, a navy and white stripe flutter sleeve dress with pink roses, a signature rabbit embroidered light blue bomber jacket and a rabbit inspired basket weave mini handbag while boys and toddler boys can choose from graphic tees and gingham shirting with khakis. The collection will also include ‘Ebbit the backpack,’ an egg-inspired character and playful companion perfect for school, travel or towing along for a spring picnic.

“It’s been a delight to collaborate with Sarah Jessica Parker on this special collection for kids that combines her nostalgic childhood memories with signature Gap favorites,” says Wendi Goldman, Gap executive vice president and chief product officer. “We are so thrilled to have Sarah Jessica back with the Gap brand in this new collaboration capacity. Together we created a collection that we hope will be passed down from generation to generation, just as we envisioned.”

With prices starting from $16.95 up to $78, the collection will be available on March 1 through gap.com and GapKids stores in select countries including United States, Canada, United Kingdom, France, Italy, Greater China, Hong Kong and Japan.

About Gap

Gap is one of the world’s most iconic apparel and accessories brands and the authority on American casual style.  Founded in San Francisco in 1969, Gap’s collections are designed to build the foundation of modern wardrobes – all things denim, classic white shirts, khakis and must-have trends.  Beginning with the first international store in London in 1987, Gap continues to connect with customers online and across the brand’s about 1,600 company-operated and franchise retail locations around the world. Gap includes Women’s and Men’s apparel and accessories, GapKids, babyGap, GapMaternity, GapBody and GapFit collections.  The brand also serves value-conscious customers with exclusively-designed collections for Gap Outlet and Gap Factory Stores.  Gap is the namesake brand for leading global specialty retailer, Gap Inc. (NYSE: GPS) which includes Gap, Banana Republic, Old Navy, Athleta, Intermix and Weddington Way. For more information, please visit www.gapinc.com.

About Sarah Jessica Parker

Sarah Jessica Parker is the star and executive producer of “Divorce,” which recently returned to HBO for a second season. In February 2014, she launched “SJP by Sarah Jessica Parker”, a footwear, apparel and accessory label, with partner George Malkemus III.  The collection showcases the brand’s theme of colors acting as neutrals and encourages women to take risks and break away from fashion rules they imagine. Parker currently serves as the Vice-Chairman of the board of directors for the New York City ballet. She also served on the President’s Committee on the Arts and the Humanities under the Obama administration. Parker lives with her husband and three children in New York City. ​

MEDIA CONTACT:
press@gap.com

SOURCE: Gap Inc.

 

Intershop grew revenues by 5% and generated positive EBIT in the fiscal year 2017

  • Total revenues of EUR 35.8 million (previous year: EUR 34.2 million)
  • EBITDA of EUR 2.8 million (previous year: EUR 0.1 million)
  • EBIT of EUR 0.4 million (previous year: EUR -2.4 million)
  • “Cloud First” – focus on expanding the cloud business

Jena, 2018-Feb-23 — /EPR Retail News/ — Intershop Communications AG (ISIN: DE000A0EPUH1), a leading independent provider of innovative solutions for omnichannel commerce, grew its revenues by 5% and generated positive EBIT (earnings before interest and taxes) amounted to EUR 0.4 million in the fiscal year 2017. This is the first time in four years that Intershop was able to increase its revenues. In total, consolidated revenues climbed to EUR 35.8 million (previous year: EUR 34.2 million). This growth is mainly attributable to the positive trend in licensing revenues and to a sharp rise in full-service revenues.

Product revenues picked up by 3% to EUR 14.1 million in the reporting period. The related licensing revenues climbed 8% to EUR 6.1 million. New customers accounted for close to one third of the revenues. In the second half of the year, the company additionally recorded a large number of incoming orders for cloud licenses, which will lead to continuous income in the following quarters. Maintenance revenues stayed at the prior year level of EUR 8.0 million.

Over the course of the year, Intershop’s service revenues increased continuously from quarter to quarter and finally reached EUR 21.7 million, up 6% on the previous year. Although consulting and training revenues, which are included in service revenues, declined by a moderate 3% to EUR 15.4 million, they again made the biggest contribution (43%) to Intershop’s total revenues. At the same time, full-service revenues rose significantly by 37% to EUR 6.3 million. This increase was attributable to the good new business trend in this segment. The share of service revenues in total revenues rose moderately to 61% (previous year: 60%).

Intershop improved its earnings notably in the fiscal year 2017. The Group’s gross margin climbed three percentage points to 49% (previous year: 46%). Earnings before interest and taxes (EBIT) amounted to EUR 0.4 million at the end of the fiscal year (previous year: EUR -2.4 million), while the EBIT margin stood at 1% (previous year: -7%). EBIT was slightly positive in each quarter throughout the year 2017. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose sharply from EUR 0.1 million in the previous year to EUR 2.8 million. The EBITDA margin stood at 8% (previous year: 0%). At EUR -0.3 million, the financial result was on a par with the previous year; income taxes increased to EUR 0.7 million (previous year: EUR 0.3 million). This resulted in a consolidated net loss after taxes of EUR -0.7 million (previous year: EUR -3.0 million) and earnings per share of EUR -0.02 (previous year: EUR -0.09).

Total assets of the Intershop Group declined by 8% to EUR 25.0 million as of the balance sheet date on 31 December 2017. As a result of the scheduled repayment of EUR 1.0 million in loans, liabilities to banks were reduced to EUR 2.8 million. Cash and cash equivalents dropped to EUR 8.9 million (previous year: EUR 10.9 million). Cash flow from operations stood at EUR 1.7 million, compared to EUR -0.9 million in the previous year. The equity ratio climbed from 59% to 61% as at 31 December 2017, again testifying to Intershop’s sound net assets and financial position. As of the balance sheet date, Intershop employed a total of 338 people worldwide.

Dr. Jochen Wiechen, CEO of Intershop Communications AG: “The year 2017 marked the first success of our “Lighthouse 2020” strategy. Our key task in 2018 will be to accelerate the expansion of the SaaS solutions business, as we expect this market to achieve the highest growth rates. Under the new guideline “Cloud First”, we will push ahead with the standardization of our cloud solution. The recently announced expansion of the Management Board will additionally support the company’s transformation. We are also planning to make further investments in sales and marketing. We want to continue to grow in the future, if possible faster than before.”

The Intershop Management Board is confident that the company’s growth will continue in the current fiscal year and expects Group revenues to grow moderately in 2018. Management also projects slightly positive EBIT as well as a moderate increase in gross profit and the gross margin.

The full consolidated financial statements will be published in mid-March 2018. All financials in this press release are provisional, pending completion of the statutory audit.

About Intershop

Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.

This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop’s limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

Contact:

Intershop Public Relations

HEIDE RAUSCH
Head of Corporate Communication
Phone: +49 3641 50-1000
Fax: +49 3641 50-1309
mailto:pr@intershop.de

Source: Intershop Communications AG

Whole Planet Foundation launches its Annual Prosperity Campaign on March 1

AUSTIN, Texas, 2018-Feb-23 — /EPR Retail News/ — On Thursday, March 1, Whole Planet Foundation launches its Annual Prosperity Campaign to alleviate poverty around the globe for the world’s poorest people – mostly women – living in communities where Whole Foods Market® sources products. This year’s campaign goal is to raise $3 million to increase the foundation’s current reach of 72 countries and 16 U.S. cities.

“Shopper generosity during the Annual Prosperity Campaign is tremendous. Whole Foods Market customers are part of a global movement of empowering women to change their own lives through their own hard work,” said Joy Stoddard, Whole Planet Foundation development and outreach director. “A loan as small as $11 can shift a women’s self-perception and power her potential to see her own value, have the courage to become a businesswoman and generate income for herself and her family. This campaign enables us all to contribute.”  Because Whole Foods Market covers the foundation’s operational costs, 100 percent of every donation benefits microcredit clients.

The average first loan size supported by Whole Planet Foundation is $183 and the loans do not require a formal contract or collateral.  In some parts of the world where women are often marginalized with little say in decisions, these small loans make a mighty impact.  Microcredits cannot guarantee that a woman will escape poverty herself, but they provide a chance for her to become a participant in her community’s economy, improve her family’s living conditions, and increase nutrition and education for her children.

For example, Maimuna is a microcredit client of Whole Planet Foundation’s microfinance partner Reliance in The Gambia in West Africa.  Maimuna sells bread, dried fish and breakfast items in the village of Nyimina Dankunku where she lives with her family. With her loan of 5,000 Gambian Dalasis (about $117), Maimuna purchased ingredients for the food she prepares. On a good day, she can take home a profit of 300 Gambian Dalasis (about $6).  Microentrepreneurs in the United States run businesses including food carts, flower stands, artisan goods, mobile nail salons, and jewelry, shoes and clothing sales.

“Since 2006 we have funded 2.6 million microloans providing 14.5 million opportunities for a better life. The microfinance organizations we partner with are experts in poverty alleviation and we are seeing reductions in global poverty,” said Philip Sansone, Whole Planet Foundation president and executive director. “We couldn’t do this work without our generous supplier partners who have donated a remarkable ten million dollars for these critical efforts.”

Amplifying this year’s Prosperity Campaign, suppliers to Whole Foods Market are donating $1.2 million to fund 36,000 opportunities for low-income entrepreneurs around the world to change their own lives.  Suppliers donating $100,000 each include Allegro Coffee Company, Chobani, Frontier Co-op, Naked Juice, Papyrus-Recycled Greetings, and Wallaby. Suppliers donating $50,000 each include Alaffia, Bonafide Provisions, Boulder Brands, Hain Celestial, Hiball Energy, IZZE, ORGANIC INDIA, Sambazon, Seventh Generation, Traditional Medicinals and Weleda.

Learn more about the transformative power of microcredit at Whole Planet Foundation, watch the documentary Living On One Dollar to understand extreme poverty, and join the Prosperity Campaign in Whole Foods Market stores or online to power the potential of women entrepreneurs worldwide.

Contact:

SOmedia@wholefoods.com

Source: Whole Foods Market

JCPenney launches exclusive new brand inspired by young women who promote a positive body image — Obsess

JCPenney launches exclusive new brand inspired by young women who promote a positive body image — Obsess

 

Olympic gold medalist Laurie Hernandez inspires first Obsess capsule collection for Gen Z girls

PLANO, Texas, 2018-Feb-23 — /EPR Retail News/ — JCPenney (NYSE: JCP) is taking a cue from the digitally-connected, social media-inspired tween generation and launching an exclusive new brand, Obsess, that features rotating capsules inspired by influential young women who promote a positive body image. The brand’s first collection, influenced by Olympic gold medalist Laurie Hernandez, features trendy tops, rompers, dresses and jeans designed for all body types. Obsess will launch at JCPenney.com on Feb. 26, and will be available in 500 JCPenney stores beginning March 2.

“Obsess is a very unique brand that allows JCPenney to reach a generation of girls who move rapidly from one fashion trend to another, as they discover new style inspiration through daily social media feeds. By working with inspiring young women like Laurie Hernandez for unique capsule collections under the Obsess brand, JCPenney is able to offer tween girls the fresh, new styles they crave,” said James Starke, senior vice president of merchandising for JCPenney. “As we focus on driving business to JCPenney, we have an opportunity with Obsess to attract an entirely new, and often elusive, Generation Z customer. Gen Z holds $44 billion* in buying power and is on track to becoming the largest consumer segment over the next few years, representing significant sales growth potential.”

The introductory capsule collection for Obsess is an authentic representation of Hernandez’s style. Tween girls will find casual, yet feminine, looks designed for every shape and size, including cold shoulder, peplum tops, bright floral prints, embroidered jeans and, one of Hernandez’s favorite pieces, a teal bomber jacket with pink flowers on the sleeves. Hernandez was personally involved in the development of this line and approved each piece of the collection. Obsess is available for girls in sizes 7 to 20, including plus sizes, with sale prices ranging from $21.99 for an embroidered, ruffled top to $34.99 for a floral dress.

“My body changes so much between training, travel and down time. Comfort is so important. I wanted to create casual, cool clothes for girls of all shapes,” said Hernandez. “I am so excited to launch my Obsess capsule at JCPenney and help girls feel confident and comfortable.”

Obsess will be available within the JCPenney girls’ department complementing a comprehensive assortment of popular brands, including The Original Arizona Jean Co.®, by&by, Nike® and Levi’s®. With rotating concepts, customers will find an entirely new Obsess collection this summer with a distinct aesthetic and style for back-to-school. The next Obsess celebrity collaboration will be announced later this year.

For video and images of Obsess apparel and Laurie Hernandez, please visit: https://www.jcpnewsroom.com/news-releases/2018/0221_obsess_featuring_laurie_hernandez.html

*IBM Institute for Business Value, Uniquely Generation Z

About JCPenney: 
J. C. Penney Company, Inc. (NYSE: JCP), one of the nation’s largest apparel and home furnishings retailers, combines an expansive footprint of approximately 875 stores across the United States and Puerto Rico with a powerful e-commerce site, jcp.com, to connect with shoppers how, when and where they prefer to shop. At every customer touchpoint, she will get her Penney’s worth of a broad assortment of products from an extensive portfolio of private, exclusive and national brands. Powering this shopping experience is the customer service and warrior spirit of over 100,000 associates across the globe, all driving toward the Company’s three strategic priorities of strengthening private brands, becoming a world-class omnichannel retailer and increasing revenue per customer. For additional information, please visit jcp.com.

JCPenney Media Relations: 
(972) 431-3400
jcpnews@jcp.com
Follow @jcpnews on Twitter for the latest announcements and Company information.

Source: J. C. Penney Company, Inc.

###

Apple’s first store in Austria opens Saturday in the heart of Vienna

Vienna, 2018-Feb-23 — /EPR Retail News/ — Apple Kärntner Straße, Apple’s first store in Austria, will open Saturday at 9:30 a.m. in the heart of Vienna. Nestled on the famous pedestrian shopping street between St. Stephen’s Cathedral and the Vienna State Opera, the store’s 150 employees will invite visitors to experience the creative sessions and services offered in Apple Stores around the world.

“We can’t wait to join the bustling city of Vienna, a European crossroads so rich in history and culture,” said Angela Ahrendts, Apple’s senior vice president of Retail. “Apple Kärntner Straße brings the best of Apple together with our products, services and educational programs. Everyone is welcome to connect, be inspired to learn, and unlock their creativity.”

Designed with the original heritage building in mind, the two-level store features a corner entrance and reinstated exposed columns with large window openings that seamlessly connect it to the public gathering space outside. The highly knowledgeable employees together speak 44 languages and will be ready to serve international customers at Apple Kärntner Straße.

Visitors can participate in free Today at Apple sessions every day focused on photography, coding and app development, music, art and design, and more in The Forum. The diverse programs include Quick Start and How To sessions, Music Labs and Studio Hours, all led by Apple Creatives, the store’s experts in liberal arts. Interactive Photo Walks and Sketch Walks take participants outside the store to explore nearby sites in the city while learning new skills.

Programs are designed to serve all in the community, including sessions specifically for educators and children, such as Kids Hour on Saturdays. Entrepreneurs and app developers interested in hands-on training and advice can meet with Apple team members in the Boardroom for customized support.

Customers looking to simply try out Apple products can explore the entire line in the store and learn more from the store team at any time. New owners can get help customizing their iPhone, iPad, Apple Watch or Mac with Personal Setup and users can work side by side with Geniuses at the Genius Bar when looking for technical support and advice. Additionally, the Apple Store app is a personalized guide to the best support options from Apple and another way to get connected with an expert.

Apple Kärntner Straße will open Saturday at 9:30 a.m. To register for Today at Apple sessions, visit apple.com/at/today.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.

Press Contacts:
Nick Leahy
Apple
nleahy@apple.com
(408) 862-5012

Ashley Rivera
Apple
ashley_rivera@apple.com
(408) 862-1381

Apple Media Helpline:
media.help@apple.com
(408) 974-2042

Source: Apple Inc.

Sequential Brands Group to host Q4 2017 earnings conference call on Wednesday, February 28, 2018

NEW YORK, 2018-Feb-23 — /EPR Retail News/ — Sequential Brands Group, Inc. (“Sequential” or the “Company”) (NASDAQ:SQBG) will issue financial results for its fourth quarter and full year ended December 31, 2017 before the market opens on Wednesday, February 28, 2018.

Management will provide further commentary on the Company’s financial results on a conference call at 8:30am ET that day. To join the conference call, please dial (877) 407-0789 or visit the investor relations page on the Company’s website: www.sequentialbrandsgroup.com

About Sequential Brands Group, Inc.
Sequential Brands Group, Inc. (Nasdaq:SQBG) owns, promotes, markets, and licenses a portfolio of consumer brands in the fashion, active and home categories.  Sequential seeks to ensure that its brands continue to thrive and grow by employing strong brand management, design and marketing teams.  Sequential has licensed and intends to license its brands in a variety of consumer categories to retailers, wholesalers and distributors in the United States and around the world.  For more information, please visit Sequential’s website at: www.sequentialbrandsgroup.com.

Investor Relations Contact:

Katherine Nash
knash@sbg-ny.com
(512) 757-2566

Source: Sequential Brands Group, Inc./globenewswire

The Lipsey Company named CBRE the top global brand in commercial real estate for the 17th consecutive year

Los Angeles, 2018-Feb-23 — /EPR Retail News/ — CBRE Group, Inc. today (February 21, 2018) announced that The Lipsey Company has named CBRE the top global brand in commercial real estate for the 17th consecutive year.

Lipsey, a training and professional development firm specializing in commercial real estate, has surveyed commercial real estate professionals on their perceptions of the industry’s leading brands since 2002. CBRE has been ranked number one every year that Lipsey has conducted its brand survey. In 2018, more than 150,000 U.S. and international professionals participated in the survey, including property owners, investors, lenders, occupiers, brokers and property managers.

“The business environment has changed significantly in 17 years, but one constant has been the intense focus of CBRE’s professionals in delivering exceptional outcomes for our clients,” said Bob Sulentic, president and chief executive officer of CBRE. “The Lipsey survey results provide another testament to their efforts.”

Earlier this month CBRE was recognized as one of the 100 Most Sustainable Companies in the U.S. by Barron’s and was named one of the 2018 World’s Most Ethical Companies® for the fifth year in a row. Both FORTUNE and Forbes also recently named CBRE one of the best U.S. workplaces for diversity.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

MEDIA CONTACT:

Robert McGrath
212.984.8267
robert.mcgrath@cbre.com

SOURCE: CBRE Group, Inc.

CBRE Group, Inc. named to The 2018 Global Outsourcing 100® by IAOP®

Los Angeles, 2018-Feb-23 — /EPR Retail News/ — CBRE Group, Inc. (NYSE: CBG) today (February 21, 2018) announced that the company has been named to The 2018 Global Outsourcing 100® by IAOP®. This marks the twelfth consecutive year that CBRE has been named among the world’s elite outsourcing firms across all industries.

The 2018 Global Outsourcing 100 and The World’s Best Outsourcing Advisors recognizes the world’s best outsourcing service providers and advisors. These lists are based on applications received, and judging is based on a rigorous scoring methodology that includes an independent review by an independent panel of IAOP customer members with extensive experience in selecting outsourcing service providers and advisors for their organizations.

“CBRE’s continued recognition by IAOP as a premier global outsourcing company highlights the quality of our professionals, our service offering and our ability to attract and build advantages for first-rate, global organizations,” said Bill Concannon, CEO of Global Workplace Solutions for CBRE.

CBRE’s suite of integrated outsourcing services for occupiers of commercial real estate spans transaction services, facilities management, project management, and strategic consulting. CBRE continues to enhance these services through technology, talent recruitment, mergers-and-acquisitions and other strategic initiatives. It also has bolstered its capabilities within specific industry sectors, including: financial services, healthcare, and life sciences.

“In today’s economy, it is more important than ever for outsourcing buyers to be able to easily identify and select the right company for their outsourcing needs,” said Debi Hamill, IAOP CEO. “The Global Outsourcing 100 and World’s Best Advisors lists are the essential tools companies reference to make smarter decisions. They provide companies with valuable insights into the outsourcing industry, leading and emerging service providers and advisors, and key developments to watch.”

About IAOP

IAOP is the global association that brings together customers, providers, and advisors in a collaborative, knowledge-based environment that promotes professional and organizational development, recognition, certification, and excellence to improve business service models and outcomes. Our members and affiliates worldwide are digging deep at IAOP conferences, learning at IAOP chapter meetings, getting trained and certified at IAOP courses and workshops, and connecting through IAOP social media, all with one goal: better business results. Whether you are a customer, provider or advisor, new to collaborative business models like outsourcing, or you are an experienced professional, IAOP connects you and your organization to our growing global community and to the resources you need to get the results your company deserves and demands. For more information and how you can become involved, visit www.IAOP.org.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

MEDIA CONTACT:

Robert McGrath
212.984.8267
robert.mcgrath@cbre.com

SOURCE: CBRE Group, Inc.

USDA FSIS: Night Hawk Frozen Foods recalls frozen beef patty and gravy products due to misbranding and undeclared allergens

WASHINGTON, 2018-Feb-22 — /EPR Retail News/ — Night Hawk Frozen Foods, Inc., a Buda, Texas establishment, is recalling approximately 167 pounds of frozen beef patty and gravy products due to misbranding and undeclared allergens, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today (Feb. 20, 2018). The product contains milk, a known allergen, which is not declared on the product label.

The heat treated, but not fully cooked, frozen beef patty and gravy items were produced on Nov. 8, 2017. The following products are subject to recall:

  • 8.75 oz. board cartons labeled as “NIGHT HAWK BEEF PATTY ‘N GRAVY, CHARBROILED BEEF PATTY and GRAVY, POTATO ROUNDS and SWEET CORN.”

The products subject to recall bear establishment number “EST. 2117” inside the USDA mark of inspection. These items were shipped to retail locations in Louisiana and Texas.

The problem was discovered on Feb. 19, 2018 when FSIS was notified that the firm received two consumer complaints of mislabeled products. The cartons actually contain beef patties, mashed potatoes and cheese.

There have been no confirmed reports of adverse reactions due to consumption of these products. Anyone concerned about an injury or illness should contact a healthcare provider.

Consumers who have purchased these products are urged not to consume them. These products should be thrown away or returned to the place of purchase.

FSIS routinely conducts recall effectiveness checks to verify recalling firms notify their customers of the recall and that steps are taken to make certain that the product is no longer available to consumers. When available, the retail distribution list(s) will be posted on the FSIS website at www.fsis.usda.gov/recalls.

Consumers and media with questions about the recall can contact Michelle Anselment, chief operating officer, Night Hawk Frozen Foods, at (512) 295-4166 X 107.

Consumers with food safety questions can “Ask Karen,” the FSIS virtual representative available 24 hours a day at AskKaren.gov or via smartphone at m.askkaren.gov. The toll-free USDA Meat and Poultry Hotline 1-888-MPHotline (1-888-674-6854) is available in English and Spanish and can be reached from 10 a.m. to 6 p.m. (Eastern Time) Monday through Friday. Recorded food safety messages are available 24 hours a day. The online Electronic Consumer Complaint Monitoring System can be accessed 24 hours a day at: https://www.fsis.usda.gov/reportproblem.

USDA Recall Classifications
Class I This is a health hazard situation where there is a reasonable probability that the use of the product will cause serious, adverse health consequences or death.
Class II This is a health hazard situation where there is a remote probability of adverse health consequences from the use of the product.
Class III This is a situation where the use of the product will not cause adverse health consequences.

Contact:
Congressional and Public Affairs
Autumn Canaday
(202) 720-9113
Press@fsis.usda.gov

Source: USDA

Lowe’s Companies, Inc. to host Q4 2017 earnings conference call on Wednesday, February 28, 2018

MOORESVILLE, N.C., 2018-Feb-22 — /EPR Retail News/ — In conjunction with the Lowe’s Companies, Inc. (NYSE: LOW) fourth quarter 2017 earnings press release, you are invited to listen to its conference call to be broadcast live over the internet on Wednesday, February 28, 2018 at 9:00 a.m. Eastern Time with: Robert A. Niblock, chairman, president and chief executive officer; Richard D. Maltsbarger, chief operating officer; and Marshall A. Croom, chief financial officer. Supplemental slides will be available fifteen minutes prior to the start of the conference call.

What: Fourth Quarter 2017 Earnings Conference Call Webcast

When: 9:00 a.m. Eastern Time on Wednesday, February 28, 2018

Where: Visit Lowe’s Investor Relations website at http://www.Lowes.com/investor

Click on Webcasts and then on Lowe’s Fourth Quarter 2017 Earnings Conference Call

How: Listen live online and view the supplemental slides by following the directions above

A webcast replay of the call can be accessed from 12:00 p.m. ET on February 28, 2018 through May 22, 2018 by visiting http://www.Lowes.com/investor and clicking on Webcasts and then on Lowe’s Fourth Quarter 2017 Earnings Conference Call.

Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 17 million customers a week in the United States, Canada and Mexico. With fiscal year 2016 sales of $65.0 billion, Lowe’s and its related businesses operate or service more than 2,370 home improvement and hardware stores and employ over 290,000 people. Founded in 1946 and based in Mooresville, N.C., Lowe’s supports the communities it serves through programs that focus on K-12 public education and community improvement projects. For more information, visit Lowes.com.

Media Inquiries:

704-758-2917
PublicRelations@Lowes.com

SOURCE: Lowe’s Companies, Inc.

StubHub teams up with the NFL Players Association to empower current and former players realize their career goals after life on the field

StubHub teams up with the NFL Players Association to empower current and former players realize their career goals after life on the field

 

StubHub gives current and former NFL players exposure to hands-on business experience through the NFLPA’s Externship and Fellowship programs.

San Jose, CA, 2018-Feb-22 — /EPR Retail News/ — StubHub, the world’s largest event marketplace, teamed up with the NFL Players Association (NFLPA) to empower current and former players to realize their career goals after life on the field. As part of the NFLPA’s Externship program, Quincy Enunwa of the New York Jets, Ben Koyack of the Jacksonville Jaguars, and recent Super Bowl champion Josh Andrews of the Minnesota Vikings (formerly of the Philadelphia Eagles) will participate in a three-week immersive business experience program at StubHub’s headquarters in San Francisco. In addition and separate from the NFLPA’s Externship program, StubHub announced they will pilot a year-long paid Fellowship program with the NFLPA later this year for transitioning NFL players evaluating their next career moves.

“We see both current and former NFL players as extremely valuable individuals”, said Scott Jablonski, StubHub’s General Manager of NFL, NBA & NHL. “They’re one-in-a-million successes who’ve dedicated their lives to achieving their on-the-field goals. StubHub sees this program not only as a valuable investment for our organization; in concert with the NFLPA, we look forward to providing value to the program participants and helping them find their next passions off-the-field.

In its fifth year, the 2018 NFLPA Externship program pairs 41 athletes with 20 organizations that best fit participants’ interests and career development goals. As part of StubHub’s NFLPA Externship program, players will learn what it’s like to work in a fast paced Silicon Valley business environment, tasked with solving a real-life business problem and presenting the solution to StubHub’s leadership upon completion of the program. Each player will be assigned a mentor and learn every aspect of StubHub’s business from technology and finance to sitting in on customer service calls to helping fans find the perfect seats and tickets at StubHub’s Flagship ticket location in New York City.

“I chose StubHub for my NFLPA Externship program because I was looking for a company that blends sports, technology and customer experience,” said Quincy Enunwa, New York Jets Wide Receiver. “It’s important to expand my knowledge and explore opportunities outside of football and I look forward to working with StubHub and the NFLPA to find my career path off the field.”

StubHub’s NFLPA Externship program kicks off Tuesday, February 20th at StubHub’s headquarters in San Francisco and will conclude on March 10th at StubHub’s Flagship ticket location in New York City where players will deliver a seamless fan experience for NCAA’s Big East and ACC Basketball Tournaments. StubHub and the NFLPA’s Fellowship initiative will be a separate program and will kick off later this year.

MEDIA CONTACT:
press@ ebay.com

SOURCE: eBay Inc.

###

NCR to help retailers reimagine consumer engagement across physical and digital channels at EuroCIS 2018

NCR demonstrates how its innovations help converge physical and digital channels to meet the demands of both retailers and shoppers in an evolving industry

ATLANTA, 2018-Feb-22 — /EPR Retail News/ — NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, helps retailers reimagine consumer engagement across physical and digital channels at this years’ EuroCIS. In hall 10, booth A04, NCR will showcase solutions that are improving engagement and creating enhanced experiences using a wide variety of technologies such as personalization, payment solutions and artificial intelligence in self-checkout environments. NCR’s digital services help retailers turn data into insights and identify areas to improve in-store efficiency and customer experience. At EuroCIS, NCR shows how it helps retailers combine all the technical and operational disciplines that they need to address their specific challenges.

The retail landscape is characterized by fierce competition, with customers constantly seeking the best deal. At EuroCIS, NCR will showcase how its relationship management solutions can combine the latest technologies with tailored promotions and campaigns to drive customer engagement across platforms and store formats to attract and retain customers. The NCR solutions feature an advanced promotion engine, segmentation builder and analytics capabilities to enable retailers to manage complex omni-channel promotions and to deliver offers via mobile, kiosk, or web. With personalized interactions, retailers can make better use of their customer data and drive measurable results.

Flexible payment options are an important part of a customer journey. While many retailers are capable of accepting e-commerce and in-store payments, they typically use separate systems for payments online and in-store. With WinEPTS, NCR is demonstrating a proven hardware independent payment solution that is omni-channel and omni-commerce ready, combining the online and in-store payments on one cloud based platform. In addition to any card, mobile or online payments, it can handle third party voucher payments as well as food vouchers and can create tax-free vouchers for eligible foreign customers.

As retailers are evolving their stores to suit changing customer demand, self-checkout technology is gaining traction across Europe. By including artificial intelligence in its newest self-checkout model, NCR is improving the ease of use and the security of the technology. The image scanner recognizes fresh produce items based on certain attributes such as colour, shape and size and automatically suggests matching items from the retailer’s assortment, eliminating the need to navigate through the complete menu. The same technology also helps prevent item switching as the system recognizes if the attributes of the item don’t match the selected produce.

“With every consumer expecting a different experience when they shop, retailers have unique demands and requirements for their specific digital transformation,” said Tom Chittenden, vice president and general manager of retail solutions at NCR Corporation. “We are helping retailers to rethink their business in fresh new ways and create solutions that address changing consumer behaviors and desires.”

At EuroCIS 2018, visitors to the NCR booth can experience how NCR satisfies the buy-anywhere, fulfill-anywhere demands of today and learn how its omni-channel solutions improve every consumer touchpoint along the shopping journey.

About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 700 million transactions daily across financial, retail, hospitality, travel, telecom and technology industries. NCR solutions run the everyday transactions that make your life easier. NCR is headquartered in Atlanta, Ga., with about 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. NCR encourages investors to visit its website which is updated regularly with financial and other important information about NCR.

Website: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

News Media Contacts:
Ortrud Wenzel
NCR Public Relations
+49 821 405 8191
ortrud.wenzel@ncr.com

Source: NCR Corporation

Europa Capital and Ediston Real Estate sold two 1980s office buildings in Bath to Carlton (North Wales) for £26.5 million

Europa Capital and Ediston Real Estate sold two 1980s office buildings in Bath to Carlton (North Wales) for £26.5 million

 

Edinburgh, Scotland, 2018-Feb-22 — /EPR Retail News/ — Europa Capital and Ediston Real Estate have sold two 1980s office buildings in Bath to UK family property group Carlton (North Wales) for £26.5 million.

The Pinesgate site currently comprises detached buildings Pinesgate East and Pinesgate West.

Located along the Lower Bristol Road, both properties are currently let to insurance provider Redde until 2025 at £1,583,929 per year.

As well as offering eight years of secure income, the investment comes with the opportunity to obtain vacant possession to redevelop the site.

Planning consent has already been granted for a new, high-specification, Grade-A office comprising 112,246 sq ft over five floors at Pinesgate West.

A new state-of-the-art office is anticipated to be in high demand as there is currently no availability of Grade-A offices within Bath city centre. If developed, Pinesgate West will be the first newly-built office in the city in 26 years.

In addition, planning consent has been secured for a new, state-of-the-art education campus spanning 177,507 sq ft at Pinesgate East.

The campus will comprise college facilities and integral student accommodation for 358 units. Pinesgate East, which makes up approximately 50 per cent of the site, has been pre-let to Kaplan Bath on a new 21-year lease to create Kaplan International College.

Jeremy Hodgson, head of national investments at Allsop, said: “The strong price achieved reflected Europa Capital and Ediston Real Estate’s excellent asset management and vision in obtaining such a major and valuable planning consent for the site. The opportunity now reflects a secure medium-term income stream coupled with an exceptional planning consent and part pre-let.

“Bath boasts a strong local economy and is renowned as both a thriving business hub in the region and a centre for education excellence. As a result, this site benefits from excellent prospects for rental growth and good, long-term tenant demand.”

Allsop represented the vendor, Europa Capital and Ediston Real Estate.

Contact:
0131 225 5599
or email info@ediston.com

Source: Ediston Real Estate

###

Diebold Nixdorf to showcase solutions for the future of shopping at EuroCIS

Storevolution™ program introduces new technologies throughout the consumer journey

DÜSSELDORF, GERMANY, 2018-Feb-22 — /EPR Retail News/ — At EuroCIS, the leading trade fair for retail technology, Diebold Nixdorf (NYSE: DBD) – the world leader in driving connected commerce – will present state-of-the-art technologies that enable intuitive journeys for shoppers across all channels and optimize the in-store experience. As part of its Storevolution™ consumer-centric approach, the company will showcase solutions for the future of shopping from February 27 to March 1 at Stand C26 in Hall 9.

Today’s retailers must be able to implement new touchpoints and technological applications quickly. This is where Diebold Nixdorf’s Storevolution™ program comes in: Customer centricity, store digitalization and high connectivity form the cornerstones of future-oriented retailing. A store-as-a-service offer that ensures technologies from various providers are supplied quickly and operated reliably can secure a retailer’s long-term success. For this reason, Diebold Nixdorf will place its focus at EuroCIS on innovations that cover all the processes along the customer journey.

    • In terms of implementing new customer journeys: “Scan & Go” is an option enabling consumers to use a mobile scanner to scan their goods themselves and pay for them at a self-service terminal when they leave the store. The advantage: All scanned items can conveniently be placed directly in a bag while shopping. Diebold Nixdorf supports this form of self-scanning with its new software solution Vynamic™ Mobile Shopper as well as with mobile hand-held scanners available in the stores. For consumers who want to use their own smartphone as a scanner, Diebold Nixdorf offers the Vynamic Mobile Shopper app, which enables customers to use their smartphones to scan items themselves. With “Pick, Pack & Pay,” Diebold Nixdorf introduces a consumer journey that makes it possible to quickly register items while not having to scan them. The use of RFID tags on the product or NFC tags that have been integrated into the shelf or electronic shelf labels allows the data of each item in the whole shopping basket to be digitally registered and forwarded to a payment station. At the station, customers then pay electronically or with cash, at which point they are given a receipt imprinted with a barcode that enables them to open an exit gate to depart the store.
    • The new, cloud-based software-as-a-service solution Vynamic Engage lays the foundation for cross-channel promotions and real-time campaigns that improve the shopping experience at every touchpoint. By capturing, combining and analyzing customer data, Vynamic Engage generates comprehensive customer profiles, enables retailers to personally address customers on the basis of earlier shopping patterns, promotes customer loyalty and ultimately creates higher revenues.
    • Diebold Nixdorf is also showcasing its proven BEETLE POS portfolio, including the BEETLE /iSCAN eXpress Hybrid – a checkout solution the customer or the cashier can operate. An additional monitor and a customer-facing scanner make it easy to switch between staff-operated and self-service mode depending on customer traffic, the number of items in the shopping basket and the availability of cashiers. Additionally, the BEETLE /iSCAN EASY SCO allows customers to scan items and pay for them either electronically or with cash. New features include the integrated recycling modules for coins and banknotes that automate cash handling. Together with a note recycler located in the store’s cash office, these modules lay the foundation for automated banknote processing.  Diebold Nixdorf is also showcasing two new all-in-one BEETLE /iPOS systems and has extended its portfolio to include a new payment solution based on a 6″ tablet that can be used anywhere in the store.
    • For its new generation of reverse vending systems, Diebold Nixdorf offers its customers CONCENTRATE (CONtrol CENter of TRAnsaction iTEms) – a modern fleet-management tool that condenses a variety of operational data into meaningful graphics and statistics. This enables store managers to monitor the status and performance of all installed systems through a Web interface both from their office and on the go. “In the digital age, consumers expect a personalized, networked and convenient shopping experience,” says Mark Brewer, senior vice president and managing director, Global Retail at Diebold Nixdorf. “Diebold Nixdorf’s software suite, extensive automation solutions, and services geared specifically to retail processes, help retail companies create better, sustainable customer experiences.”

About Diebold Nixdorf

Diebold Nixdorf, Incorporated (NYSE: DBD) is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world’s top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an ‘always on’ and changing consumer landscape.

Diebold Nixdorf has a presence in more than 130 countries with approximately 23,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Shares are traded on the New York and Frankfurt Stock Exchanges under the symbol ‘DBD’. Visit www.DieboldNixdorf.com for more information.

Contact(s):

Ulrich Nolte
Media Relations – Germany
Email: ulrich.nolte@dieboldnixdorf.com
Phone: +49 5251 693 5211

Steve Virostek
Investor Relations
Email: steve.virostek@dieboldnixdorf.com
Phone: 330-490-6319

Source: Diebold Nixdorf

REI Co-op to support outdoor leaders in the second-ever “Confluence Summit” in Asheville this July

Co-op continues work to unite diverse stakeholders from across the country to help shape future of life outdoors

Kent, Wash., 2018-Feb-22 — /EPR Retail News/ — Earlier today (02.20.2018), the State of North Carolina announced its intention to host the second-ever “Confluence Summit” for state-level outdoor recreation leaders in Asheville this July. There are currently eight states – Colorado, Montana, North Carolina, Oregon, Utah, Vermont, Washington and Wyoming – with an office, director or task force dedicated to the well-being of the outdoor recreation industry and to greater public access to outdoor experiences.

To assure robust participation from across the country, the REI Co-op has committed to fund travel for these outdoor leaders, and their delegations, who are developing a multi-state vision for connecting Americans with the outdoors.

“Gatherings like this can be a model for the future. They look to bridge across local, state and federal stakeholders to create a sense of shared mission and responsibility,” said REI CEO Jerry Stritzke. “This work can be foundational for creating a next generation that loves and cares for the outdoors, and is vital in shaping the future of our towns, states and country.”

In 2017, as several states were establishing these leadership positions, the State of Colorado saw an opportunity to foster a shared vision for the future of the outdoors, to share best practices and, ideally, create a set of cross-state policy principles for maximizing the sector’s many benefits. At the urging of Colorado Governor John Hickenlooper, the state’s Outdoor Recreation Industry Office, led by Luis Benitez, set up the process for convening the “ORec 8” for this shared undertaking. The result of this work was the first-ever Confluence Summit, which took place in Denver on January 24, 2018, and was attended by approximately 100 delegates and staff.

Leading up to the summit and at the event, the delegations began to develop a collaborative working document titled “The Colorado Accords.” The document aims to define a collective vision and set of principles in four broad and important areas:

  • Economic development
  • Conservation and stewardship
  • Education and workforce development
  • Public health and wellness

The Asheville Confluence Summit will build on this groundbreaking work.

“It is imperative that the Confluence Summits migrate from state to state each year to celebrate each region’s robust outdoor recreation industry ecosystem and economy and continue work on shared principles,” said Luis Benitez, director of the Colorado office of outdoor recreation.

Once ratified, the Accords will remain a living document, open to adjustments and adaptations as best practices are identified and as other states enter the process. Additional states are considering creating their own outdoor recreation-focused offices. According to Benitez, as well as David Knight, who was appointed North Carolina’s Director of Outdoor Industry Recruitment in January, those states are welcome to join the effort, subject to a firm, unambiguous commitment to the sector from the state’s governor and/or legislature, and the designation of an outdoor recreation sector leader.

At the heart of REI Co-op is the belief that a life outdoors is a life well-lived and that access to enriching outdoor experiences is something every American has the right to enjoy. To support the first Confluence Summit, the Co-op made funds available to the Colorado Tourism Office so that it could offer travel stipends to delegates who lacked funding. REI has pledged similar support for the event in Asheville, subject to compliance with state and local ethics requirements.

“This gathering brings together thought-leaders from diverse backgrounds – from business, the nonprofit community, government and tribal communities. Given budget realities, many stakeholders could not attend without a travel stipend. We see it as part of the co-op mission to bring together advocates for the outdoors,” said Marc Berejka, REI’s director of government and community affairs.

About the REI Co-op
REI is a specialty outdoor retailer, headquartered near Seattle. The nation’s largest consumer co-op, REI is a growing community of more than 17 million members who expect and love the best quality gear, inspiring expert classes and trips and outstanding customer service. REI has 151 stores in 36 states. If you can’t visit a store, you can shop at REI.com, REI.com/rei-garage or the free REI shopping app. REI isn’t just about gear. You can take the trip of a lifetime with REI Adventures, a global leader in active adventure travel that runs more than 170 custom-designed itineraries worldwide. The REI Outdoor School is run by professionally-trained, expert-instructors who teach beginner to advanced-level courses about a wide range of activities. To build on the infrastructure that makes life outside possible, REI invests millions annually in hundreds of local and national nonprofits that create access to—and steward—the outdoor places that inspire us all.

Media contact:
prrequests@rei.com

Source: REI

ARA calls for a competitive corporate tax rate to sustain growth and drive prosperity in Australian retail industry

ARA calls for a competitive corporate tax rate to sustain growth and drive prosperity in Australian retail industry

 

Melbourne, Australia, 2018-Feb-22 — /EPR Retail News/ — As Australia’s leading peak body for the retail industry, the Australian Retailers Association (ARA) is calling for a competitive corporate tax rate to sustain growth and drive prosperity for the country’s $310 billion sector.

Russell Zimmerman, Executive Director of the ARA, said the ARA works hard to advocate and support employers and employees working in the sector as the Australian retail industry employs 10% of the working population.

“The current trading environment has seen many retailers doing it tough, with last year’s retail trade figures averaging a 2.76% year-on-year growth, and retail trade growth down more than 1% on the 50 year average in 2017, the Government needs to intervene and offer some relief to the struggling industry,” Mr Zimmerman said.

“At 30%, Australia has one of the highest corporate tax rates in the advanced economic world, making it difficult for retailers to invest in jobs growth and increased wages that would benefit the economy.”

The ARA insists the present corporate tax rate currently discourages international and Australian businesses from investing in Australia and calls on all sides of politics to drive investment and accept the economic benefits tax cuts will create.

“The current corporate tax rate discourages international and Australian businesses from investing in Australia and providing further job opportunities, as many Australian and offshore businesses choose to invest in, and headquarters overseas,” Mr Zimmerman said.

“The Senate needs to cooperate with the Government’s plan to lower the corporate tax rate below 25% so local retailers are able to invest in their businesses and grow the Australian economy.”

Retailers have told the ARA that balancing rising cost pressures with low sales growth and a high-tax environment, it is becoming increasingly difficult with some retailers even struggling to pay their rent.

“As retailers are already struggling in a volatile trading environment, the ARA will continue to advocate for a reduced company tax rate before it stifles future employment and growth,” Mr Zimmerman said.

“The Australian retail industry currently employs more than 1.2 million people. If the corporate tax rate is not reduced to be more in line with our international counterparts, employees and the underemployed will be the ones who suffer, as employees are the heart and soul of retail.”

About the Australian Retailers Association:

Founded in 1903, the Australian Retailers Association (ARA) is Australia’s largest retail association, representing the country’s $310 billion sector, which employs more than 1.2 million people. As Australia’s leading retail peak body industry, the ARA is a strong pro-active advocate for Australian retail and works to ensure retail success by informing, protecting, advocating, educating and saving money for its 7,500 independent and national retail members throughout Australia. For more information, visit www.retail.org.au or call 1300 368 041.

For interview opportunities with ARA Spokesperson call the ARA Media Line on 0439 612 556, or email media@retail.org.au 

Source: ARA

###

ENGLAND: B&M opens new store in Bishop’s Stortford

ENGLAND: B&M opens new store in Bishop’s Stortford

 

LIVERPOOL, UK, 2018-Feb-22 — /EPR Retail News/ — B&M Stores continued its expansion today (21 February 2018) as a new store was officially opened in Bishop’s Stortford.

The addition to B&M’s portfolio in the region comes as a huge boost to the local economy, creating more than 40 jobs for people from the area.

Visitors to the store, located on South Street, will be able to browse a wide range of branded and own label goods, including toys, groceries, health & beauty and pet ranges.

As part of the opening celebrations, B&M employees invited local charity, Cancer Research UK, to be their VIP for the day. Local Deputy Mayor, Cllr George Cutting, was also in attendance.

The team volunteer in the local shop on Potter Street to raise money for the charity through selling pre-loved bargains to the local community. The charity relies on fundraising to carry out research into cancer and help beat the disease sooner. Last year the charity’s shops across the UK raised £80 million – this wouldn’t have been possible without their amazing volunteers.

The foundation were handed £250 worth of vouchers to spend in-store as a thank you for their hard work in the community.

The store manager, Hamza Khan, said: “The team from Cancer Research UK really stood out for us as they go the extra mile for local community, we wanted to give them some VIP treatment as a thank you for all the hard work they do.

“We hope that our donation can help them to continue the great work they do.”

He also commented: “The new team have been working really hard to get the store ready for opening day and we can’t wait to get the doors open on Wednesday and show customers their new B&M Bishop’s Stortford.”

MEDIA CONTACT:

press@bmstores.co.uk

Source: B&M Store

###

MEADFA to hold next conference in Beirut from 19th to 20th November 2018

Dubai, UAE, 2018-Feb-22 — /EPR Retail News/ — A key event in one of duty free and travel retail’s most dynamic regions, the next MEADFA Conference will take place in Beirut from 19th to 20th November 2018.

January’s re-scheduled MEADFA Conference in Dubai welcomed an impressive 489 visitors, an increase on the number who attended the event in November 2016.

MEADFA President, Haitham Al Majali, said: “After the success of the MEADFA Conference in Dubai in January, I am delighted that we will be holding our next conference in Beirut. While we have faced a number of tough challenges over the past few years, there are plenty of reasons to believe in a bright future for duty free and travel retail in the Middle East and Africa, as was shown by the atmosphere during our event in Dubai.

“As is widely known, the MEADFA Board had hoped to bring last year’s Conference to Beirut, a city that is not only an attractive destination in its own right, but a vital hub for the regional business. We are delighted to bring the event to Lebanon and hope to see a strong turnout from our friends and partners in the region.”
Please look out for updates, including full details of the conference and information on how to confirm your place, on the TFWA and MEADFA websites soon. In the meantime, the full January 2018 MEADFA review is available on the TFWA website here: https://www.tfwa.com/the-meadfa-conference.

Contact Us:
+971 4 299 66 63
+971 4 299 66 30
info@meadfa.com

Source: MEADFA

Ben & Jerry’s Celebrates 11 Years of Stephen Colbert’s Americone Dream

Ben & Jerry’s Celebrates 11 Years of Stephen Colbert’s Americone Dream

 

BURLINGTON, Vt., 2018-Feb-21 — /EPR Retail News/ — While many people are aware that Stephen Colbert has his own Ben & Jerry’s flavor, what they aren’t aware of is that Colbert—since day one—has donated all of his proceeds (over 2 million dollars since the flavor was unveiled in 2007) to those in need. And, being Stephen Colbert, he does so in a fun, thoughtful, and deliberate manner.

“Thank you for making a show that people like enough to buy an ice cream flavor associated with it,” said Colbert to a recent meeting of Late Show staffers. Since year one, Stephen has involved his staff in the donation process.  Each staff member may nominate a non-profit organization as a recipient of the pint proceeds. To highlight the story, Ben & Jerry’s has released a video showing exactly how the process works and how the money is distributed.

The late-night host joined forces with Ben & Jerry’s 11 years ago when the ice cream maker launched Americone Dream, a flavor of admiration for the quick-witted comedian who was about to explode to the top of pop culture.

The name “Americone Dream” was a tongue -in-cheek nod to the faux pundit that would soon result in a spoon-in-mouth love affair for Americans. As Colbert said at the 2007 launch: “Now you can enjoy me internally as well as externally.” The flavor was first unveiled in a patriotic pint package, and the concoction, vanilla ice cream with fudge covered waffle cones and a caramel swirl, became an instant hit. Colbert’s flavor is one of three (along with the iconic Chocolate Chip Cookie Dough and Cherry Garcia) to be featured in pints, bulk (available in the company’s franchised Scoop Shops), Pint Slices (a novelty released in 2017), mini cups, and even quarts. The fan favorite has held its position in the upper echelon of Ben & Jerry’s top ten since its introduction.

What’s next? A new look for the pint design. Yes, even Colbert’s packaging continues to evolve from the original red, white and blue to the newest version hitting the shelves in 2018 with Stephen’s Late Show image. More charities will also reap the benefits of Colbert’s kindness as 2017 was the biggest yield to date – the flavor just keeps getting more popular.

About Ben & Jerry’s
As an aspiring social justice company, Ben & Jerry’s believes in a greater calling than simply making a profit for selling its goods. The company produces a wide variety of super-premium ice cream, yogurt and sorbet using high-quality ingredients. Ben & Jerry’s incorporates its vision of Linked Prosperity into its business practices in a number of ways including a focus on values-led sourcing. In 2015 the company completed its transition to using entirely non-GMO (genetically modified organisms) ingredients by source as well as to fully source Fairtrade-certified ingredients wherever possible, which benefits farmers in developing countries. Ben and Jerry’s products are distributed in 35 countries in supermarkets, grocery stores, convenience stores, franchise Ben & Jerry’s Scoop Shops, restaurants and other venues. Ben & Jerry’s, a Vermont corporation and wholly-owned subsidiary of Unilever, operates its business on a three-part Mission Statement emphasizing product quality, economic reward and a commitment to the community. Ben & Jerry’s became a certified B Corp (Benefit Corporation) in 2012. The Ben & Jerry’s Foundation’s employee-led grant programs totaled $2.5MM in 2017 to support grassroots organizing for social and environmental justice around the country.

Media inquiries, please contact:
Laura.Peterson@benjerry.com
802.923.2679

Lindsay.Bumps@benjerry.com
802.923.2428

SOURCE: Ben & Jerry’s

###

SPAR Switzerland launches new customer loyalty card “SPAR Friends”

SPAR Switzerland launches new customer loyalty card “SPAR Friends”

 

Switzerland, 2018-Feb-21 — /EPR Retail News/ — SPAR Switzerland has launched a new customer loyalty card “SPAR Friends” in all SPAR Supermarkets in the country, providing numerous benefits to cardholders.

Every week, SPAR Friends cardholders can enjoy discounts on products and every thousandth customer shopping with the SPAR Friends card receives a full refund of that transaction. A few very lucky cardholders will also stand the chance of winning one of 20 emission-free BMW i3 or Mini Cooper cars. The winners will be randomly drawn from the list of all SPAR Friends cardholders at the end of May.

The card does not require point collecting – customers benefit with each purchase at the cash register. Each week, in addition to the many SPAR promotions, SPAR Friends benefit from an additional four to five products available at promotional prices and featured instore.

The SPAR Friends customer card, which can also be used as a keychain, is available to all SPAR Switzerland customers aged 16 and older and can be found in any SPAR Supermarket in the country. All shoppers have to do is provide their name and e-mail address. If cardholders also indicate their home address, they will also receive at no cost the quarterly SPAR magazine featuring recipes, valuable promotional information and other interesting tips.

Read more news from SPAR Switzerland

About SPAR Switzerland

SPAR Switzerland, originally an independent family-owned company with a local shareholder structure, was founded in 1989, when it was granted the licence by SPAR International to operate the brand.

In 2000, the family-owned business was transformed into a holding company with three operating companies: SPAR Handels AG, TopCC AG and SPAR Management AG. This move helped to give the company a modern, future-oriented structure. The business has recorded steady growth over the years, combining corporate and independently owned stores, spanning forecourt retailing to large supermarkets.

Contact:

SPAR International
Email: info@spar-international.com
Tel: +3120 626 6749

Source: Spar International

###

Fast Company names Starbucks as one 2018’s Most Innovative Companies

Fast Company names Starbucks as one 2018’s Most Innovative Companies

 

Seattle, 2018-Feb-21 — /EPR Retail News/ — Starbucks has been chosen as one 2018’s Most Innovative Companies by Fast Company, which released its annual rankings on Tuesday. In recognition of the Starbucks FoodShare program, Starbucks is included among the Top 10 Most Innovative Companies in Social Good.

In 2016, Starbucks entered into a unique partnership with Feeding America to create the innovative Starbucks FoodShare program – a leading a national effort to provide nourishing, ready to eat meals to people in need. To-date, Starbucks has rescued and donated more than 3 million meals. The program has also diverted 1.1 million pounds of food from landfills.

No traditional brick-and-mortar retailer is better positioned than Starbucks to continue leading the fight against hunger, by driving awareness, encouraging customers and partners to be advocates and creating a playbook for other companies to step up and help make a difference.

Fast Company’s Most Innovative Companies List honors leading enterprises and rising newcomers that exemplify the best in business and innovation. More than three dozen Fast Company editors, reporters, and contributors identified the most notable innovations of the year among submissions from thousands of pioneering companies.

MEDIA CONTACT:

Global
Phone: 206 318 7100
Email: press@starbucks.com

SOURCE: Starbucks Corporation

###

Express Scripts and Walgreens Boots Alliance expand group purchasing efforts to include the procurement of specialty brand drugs

ST. LOUIS / DEERFIELD, IL, 2018-Feb-21 — /EPR Retail News/ — Express Scripts Holding Company (NASDAQ: ESRX) and Walgreens Boots Alliance, Inc. (NASDAQ: WBA) today February 20, 2018) announced they are expanding their group purchasing efforts to include the procurement of specialty brand drugs.  Given the savings potential associated with biosimilars in the coming years, the two companies believe this expansion is particularly timely.

Their work will be supported by ValoremRx Specialty Solutions, LLC, which will source specialty pharmaceuticals to simplify the global supply chain and lower costs for patients and clients, including patients using Express Scripts’ specialty pharmacy Accredo® and Walgreens specialty pharmacy.

“Specialty medications represent the most costly and complex drugs. By expanding our efforts with Walgreens Boots Alliance, we will improve our supply chain and ultimately make the use of these medicines, including biosimilars, more affordable and accessible for our patients and clients,” said Express Scripts President and CEO Tim Wentworth.

”As prescription drug needs evolve and specialty medications are prescribed more often, we continue to look for new solutions that will help our patients get the medications they need at an affordable price,” said Walgreens Boots Alliance Co-Chief Operating Officer Alex Gourlay. “Working with Express Scripts, we are partnering to deliver even more value to our patients and clients to improve health outcomes.”

About Express Scripts
Express Scripts is leading the way for tens of millions of people by aligning with plan sponsors, taking bold action and delivering patient-centered care to make better health more affordable and accessible.

Headquartered in St. Louis, Express Scripts provides a full range of integrated pharmacy benefit management services, including home delivery pharmacy care, specialty pharmacy care and benefit management, benefit-design consultation, drug utilization review, formulary management and medical and drug data analysis, that guide patients and plans toward better health by prioritizing care and increasing savings. Our services drive down the cost of care for employer-funded, Medicare, Medicaid and Public Exchange plans, and create the headroom needed to keep patients’ cost-share low, access broad, and do more for those who are challenged by high out-of-pocket costs. Express Scripts also distributes a full range of biopharmaceutical products and offers innovative medical benefit management services.

For more information, visit Lab.Express-Scripts.com or follow @ExpressScripts on Twitter.

About Walgreens Boots Alliance
Walgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led, health and wellbeing enterprise. The company’s heritage of trusted health care services through community pharmacy care and pharmaceutical wholesaling dates back more than 100 years.

Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the U.S. and Europe. Walgreens Boots Alliance and the companies in which it has equity method investments together have a presence in more than 25* countries and employ more than 385,000* people. The company is a global leader in pharmacy-led, health and wellbeing retail and, together with the companies in which it has equity method investments, has more than 13,200* stores in 11* countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with more than 390* distribution centers delivering to more than 230,000** pharmacies, doctors, health centers and hospitals each year in more than 20* countries. In addition, Walgreens Boots Alliance is one of the world’s largest purchasers of prescription drugs and many other health and wellbeing products.

The company’s portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as increasingly global health and beauty product brands, such as No7, Soap & Glory, Liz Earle, Sleek MakeUP and Botanics.

More company information is available at www.walgreensbootsalliance.com.

* As of 31 August 2017, using publicly available information for AmerisourceBergen.
** For 12 months ending 31 August 2017, using publicly available information for AmerisourceBergen

If you are a member of the media, please contact:

USA press office +1 (847) 315-2935

International press office +44 (0) 207 980 8585

Source: Walgreens Boots Alliance, Inc.

CVS Health recognized as one of the World’s 50 Most Innovative Companies List for 2018 by Fast Company

WOONSOCKET, R.I., 2018-Feb-21 — /EPR Retail News/ — CVS Health (NYSE: CVS), the nation’s largest pharmacy innovation company, was recognized today (Feb. 20, 2018) by Fast Company as one of the World’s 50 Most Innovative Companies List for 2018. CVS Health was also honored as No. 7 on Fast Company’s Top 10 Most Innovative Companies in Health.

Fast Company’s 50 Most Innovative Companies List recognizes leading enterprises and rising newcomers that exemplify the best in business and innovation. The list was curated from Fast Company’s Top 10 lists, which recognize pioneering companies across 36 categories, including health. More than three dozen Fast Company editors, reporters, and contributors surveyed thousands of companies to create these lists.

“CVS Health is honored to be included by Fast Company on their 50 Most Innovative Companies list and as one of the Top 10 Most Innovative Companies in Health,” said Larry J. Merlo, CVS Health President and CEO. “As a pharmacy-innovation company, we are committed to finding new ways of delivering on our purpose of helping people on their path to better health and I am very proud that our enterprise achievements are being recognized.”

In 2017, CVS Pharmacy introduced a first-of-its kind prescription management system, ScriptPath. Using easy to understand icons, the new system was designed to improve patient understanding and enhance patient safety by simplifying how patients take medications and how caregivers give them. The personalized prescription schedule is generated by a proprietary scientific system which automatically reviews all of a patient’s current CVS Pharmacy prescription information and prescribers’ instructions and uses clinical data to provide a schedule of the most effective times of day to take the medications.

In addition, CVS Caremark, the pharmacy benefit management (PBM) business of CVS Health, launched Transform Diabetes Care in 2017 to help the company’s PBM members with diabetes lower A1C levels and better manage their condition. The program integrates PBM cost management strategies with personalized, high touch support including in-person pharmacist counseling, diabetes-specific coaching and care by a nurse practitioner at MinuteClinic. Enrolled members are also offered a connected glucometer, which shares their blood glucose levels with their pharmacist-led team via a health cloud, enabling the team to identify potential issues and intervene with one-on-one coaching.

CVS Pharmacy has also introduced a reimagined, health-focused store design with an expanded offering of health, beauty and better-for-you food options. As part of this effort, the company removed artificial trans-fats from all store brand products 18 months ahead of the requirement to do so and announced that chemicals of concern would be eliminated from nearly 600 store brand beauty and personal care items by 2019.

To address the rising costs of prescription drugs, the company began offering a less expensive epinephrine auto-injector, generic Adrenaclick, for patients with life-threatening allergies in January 2017. CVS Pharmacy also introduced same-day, free prescription delivery in Manhattan in December 2017 and announced plans for nationwide next-day prescription delivery in 2018.

To strengthen the health of communities across the country, CVS Health announced that it would enhance opioid utilization management protocols, install 750 new drug disposal collection units in its retail pharmacies to collect unwanted medication and continue the Pharmacist Teach program, which brings CVS pharmacists into schools to educate students on the dangers of prescription drugs.

This recognition is the latest in a series of third-party acknowledgments for CVS Health, including FORTUNE’S Most Admired Companies, DiversityInc’s Top 50 Companies for Diversity, Points of Light’s Top 50 Community-Minded Companies, Corporate Responsibility Magazine’s 100 Best Corporate Citizens, Human Rights Campaign’s Top Places to Work for LGBT Equality and the Disability Equality Index’s Top Places to Work.

For more information about Fast Company’s 50 Most Innovative Companies List, please visit: www.fastcompany.com/most-innovative-companies/2018.

About CVS Health

CVS Health is a pharmacy innovation company helping people on their path to better health. Through its more than 9,800 retail locations, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with more than 94 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan, the Company enables people, businesses and communities to manage health in more affordable and effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

Media Contact:
Erin Pensa
Director of Public Relations
401-770-4786
Erin.Pensa@CVSHealth.com

SOURCE: CVS Health

George at Asda launches a brand new collection of unicorn inspired products for older audiences

George at Asda launches a brand new collection of unicorn inspired products for older audiences

 

  • George at Asda have launched a brand new unicorn range after seeing rise in demand from older audiences
  • The George website saw 79,000 unicorn searches in December 2017 with another 12,700 searches in the first week of January 2018

LEEDS, UK, 2018-Feb-21 — /EPR Retail News/ — After seeing huge demand from older audiences and nearly 80,000 searches for the mythical creature in December, George at Asda has launched a brand new collection of unicorn inspired products, geared towards nostalgic adults.

Whilst the unicorn is still very much the focal point, stars, clouds and rainbows in addition to metallic and iridescent finishes expand the theme for this collection, making the range incredibly Instagram-worthy.

The range features everything from dinnerware, cushions, crockery and glassware, bathroom accessories and even ornaments. With an air of whimsical chic, the range is perfect for the trend orientated Millennials whose demand inspired the range.

The collection falls under ‘Cosmic Retro’, one of the six core trends for 2018 as highlighted by George Homeware Designer and Interiors Guru, Natalie Ratcliffe.

Natalie said: “This is the third unicorn range for George and we fully expect this one to be as successful, if not more so, than the previous.

“The difference in this range is that we’ve responded to the overwhelming demand for a more ‘grown-up’ selection of products, and given the customers exactly what they want – the unicorn has officially graduated, in terms of style, for 2018.

“We knew nostalgia would be a key player this year as part of Cosmic Retro but the unicorn as a standalone micro trend is still going from strength to strength, so for all those unicorn fans out there, you’ve got a lot to look forward to.”

Cosmic Retro Trend

Cosmic Retro is the unicorn of 2018 with its juxtaposition of space age and retro, think disco balls, iridescent metals, astrology and sequins, this trend provides new nostalgia. With space tourism something we could see in this lifetime and advances in tech, our interest in space, the galaxy and the stars has been renewed and this trend fully embodies a dreamlike wonderment.

The colour scheme is taken straight from the skies with black, the entire spectrum of purple and silver being the palette for the entire trend. Coloured marble, crystals, iridescent acrylic and high shine metallic metals are prominent whilst prints are inspired by horoscopes, the constellations and astronauts.

For 90s kids, it’s a revival of their childhood, for Generation Z it’s the newest in a line of social media friendly interiors, sure to be a hit on Instagram.

The new range is on-sale at Asda stores and online at www.george.com

Source: ASDA

###

Gap brand president and CEO Jeff Kirwan to leave the company

SAN FRANCISCO, 2018-Feb-21 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today (February 20, 2018) announced that Jeff Kirwan, president and CEO of Gap brand, will leave the company.

“Under Jeff’s leadership we made significant progress on the operating model of Gap brand. We are faster and more responsive than ever before, we radically improved quality and fit, and we centered the brand on the aesthetic that our customers love: casual, optimistic and American. We have also seen the results of exceptional marketing and customer engagement reflected in increased traffic, improved sales and the strength of the digital business” said Art Peck, chief executive officer of Gap Inc.

“While I am pleased with our progress in brand health and product quality, we have not achieved the operational excellence and accelerated profit growth that we know is possible at Gap brand. As we move into the brand’s next phase of development, Jeff and I agreed it was an appropriate time for a change in leadership,” Peck continued.

A search is underway for a new president of Gap brand. In the interim, Brent Hyder, current Gap Inc. EVP, Global Talent and Sustainability will oversee the brand. Prior to his current role, Hyder served as Chief Operating Officer at Gap brand. He also served as Vice President and General Manager of Gap Japan K.K., leading all aspects of the Gap Inc. business in Japan.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, Intermix, and Weddington Way brands. Fiscal year 2016 net sales were $15.5 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

MEDIA CONTACT:
press@gap.com

SOURCE: Gap Inc.

Albertsons Companies and Rite Aid Corporation announce merger agreement

  • Combination Will Create Strong Local Networks in Attractive Geographies
  • Integrated Platform Will Provide Customers Greater Choice, Convenience, and Access,
    and Accelerate Omni-Channel Strategy to Reach More Customers and Drive Profitable Growth
  • John Standley to Serve as Chief Executive Officer and Bob Miller to Serve as Chairman
    of Combined Company
  • Transaction Expected to Generate Run Rate Cost Synergies of $375 Million and Create
    Incremental Revenue Opportunities of Over $3.6 Billion
  • Combined Company Expected to Generate Pro Forma 2018[1] Revenues of $83 Billion and Adjusted
    Pro Forma EBITDA of $3.7 Billion (Including Run Rate Cost Synergies)

BOISE, Idaho and CAMP HILL, Pa., 2018-Feb-21 — /EPR Retail News/ — Albertsons Companies, one of the nation’s largest grocery retailers, and Rite Aid Corporation (NYSE:RAD), one of the nation’s leading drugstore chains, announced a definitive merger agreement under which privately held Albertsons Companies will merge with publicly traded Rite Aid.

Under the terms of the agreement, in exchange for every 10 shares of Rite Aid common stock, Rite Aid shareholders will have the right to elect to receive either (i) one share of Albertsons Companies common stock plus approximately $1.83 in cash or (ii) 1.079 shares of Albertsons Companies stock. Depending upon the results of cash elections, upon closing of the merger, shareholders of Rite Aid will own a 28.0 percent to 29.6 percent stake in the combined company, and current Albertsons Companies shareholders will own a 70.4 percent to 72.0 percent stake in the combined company on a fully diluted basis. Immediately following completion of the merger and assuming that all Rite Aid shareholders elect to receive shares plus cash, Albertsons Companies will have approximately 392.9 million shares outstanding on a pro forma and fully diluted basis. Following the close of the transaction and the share exchange, Albertsons Companies’ shares are expected to trade on the New York Stock Exchange.

Albertsons Companies is backed by an investment consortium led by Cerberus Capital Management, L.P. (“Cerberus”), which also includes Kimco Realty Corporation (NYSE: KIM), Klaff Realty LP, Lubert-Adler Partners LP, and Schottenstein Stores Corporation.

Current Rite Aid Chairman and Chief Executive Officer John Standley will become Chief Executive Officer of the combined company, with current Albertsons Companies Chairman and Chief Executive Officer Bob Miller serving as Chairman. The combined company is expected to be comprised of leadership from both companies and will be dual headquartered in Boise, Idaho, and Camp Hill, Pennsylvania. The name of the combined company will be determined by transaction close.

The integrated company will operate approximately 4,900 locations, 4,350 pharmacy counters, and 320 clinics across 38 states and Washington, D.C., serving 40+ million customers per week. Most Albertsons Companies pharmacies will be rebranded as Rite Aid, and the company will continue to operate Rite Aid stand-alone pharmacies.

The combination will provide customers with flexible and convenient access to a full range of food, health, and wellness offerings and will deliver significant value to customers, employees, and shareholders by:

• Enhancing Geographic Footprint and Creating Local Networks in Attractive Geographies. The new company will have an expanded footprint and be ranked first or second in 66 percent of the top metropolitan areas in the United States and will be ranked first or second in 70 percent of pharmacy locations[2]. It will establish the leading integrated food, health, and wellness retailer on the West Coast and will have a strong brand position in the Northeast.

• Leveraging Strong Pharmacy Network and Rite Aid’s Pharmacy Benefit Management Company, EnvisionRxOptions, to Drive Customer Growth. The combined company will be positioned to drive incremental growth by deepening existing relationships and expanding reach across higher-value pharmacy customers. This will be achieved through a full suite of health and wellness capabilities, including specialty pharmacy offerings and in-store RediClinics in larger Albertsons Companies stores and stand-alone Rite Aid stores. In addition, investing in preferred relationships with EnvisionRxOptions, other PBMs, and regional payors is expected to drive prescription growth.

• Utilizing Data Analytics and Integrated Loyalty Programs to Drive Growth and Target New Customers. The new company will capitalize on enhanced data and analytics to unlock profitable growth through new customer acquisition, new merchandising programs, and demand forecasting. It will also create cross-branded opportunities for its loyalty programs, improving connections across a combined current base of 25 million active loyalty program participants.

• Combining Strong Own Brand Portfolios with Extensive Manufacturing and Distribution Network to Drive Revenue Growth and Operating Efficiencies. The combination of Albertsons Companies’ billion dollar own brands, including O Organics and Lucerne, and its manufacturing and operating capabilities, with Rite Aid’s own brands in health and wellness, including B4Y and Daylogic, and its pharmacy expertise will allow the combined company to drive growth opportunities and efficiencies across its purchasing, marketing, manufacturing, and merchandising functions.

• Serving Customers When, Where, and How They Want to Shop. The combined company’s expanding omni-channel platform will provide customers with convenience, choice, and flexibility through multiple in-store formats, digital channels, and same-day food and prescription delivery options from stores and via Drive Up & Go.

“This powerful combination enables us to become a truly differentiated leader in delivering value, choice, and flexibility to meet customers’ evolving food, health, and wellness needs,” said Rite Aid Chairman and Chief Executive Officer John Standley. “The combined platform positions Rite Aid to capitalize on our pharmacy expertise and expand and enhance our pharmacy footprint. We are confident that delivering improved customer experiences and value will drive growth and profitability while creating compelling  long-term value for shareholders.”

“The hallmark of Albertsons Companies’ business has been to become the favorite local supermarket of our customers,” said Bob Miller, Albertsons Companies Chairman and Chief Executive Officer. “We have always put our customers first, and our combination with Rite Aid will enable us to even better serve the valuable pharmacy customer by providing a fully integrated one-stop-shop for our customers’ food, health, and wellness needs. I have long known the excellent management team at Rite Aid, and we share a singular focus on superior customer service and a clear vision and strategy to become the favorite local supermarket and pharmacy to shoppers in every neighborhood we serve.”

Lenard Tessler, Vice Chairman and Senior Managing Director at Cerberus, commented, “As a long-term partner to Albertsons Companies’ world-class management team, this transaction highlights Cerberus’s confidence in this team and our conviction in the underlying customer focus driving this combination. As significant shareholders, we are very optimistic about the future of the combined company.”

Financial Details

The combined business will benefit from an enhanced financial profile and solid capital structure, which will support growth and expansion. On a pro forma basis, the combined company is expected to generate year one revenues of approximately $83 billion (excluding potential revenue opportunities) and year one Adjusted Pro Forma EBITDA of approximately $3.7 billion (including run rate cost synergies). The combined company’s pro forma net leverage ratio is expected to be 3.8x at transaction close (including run rate cost synergies).

The combined company expects to deliver annual run-rate cost synergies of $375 million in approximately three years and access potential annual revenue opportunities of $3.6 billion. Over 60 percent of the cost synergies are expected to be realized within the first two years post-close. Identified revenue opportunities primarily include partnering with payors, including Rite Aid’s PBM, EnvisionRx, through preferred networks to drive additional high-value customers, connecting Rite Aid’s reliable pharmacy customer base to Albertsons Companies through loyalty programs and targeted marketing, leveraging Albertsons Companies’ grocery capabilities and Rite Aid’s pharmacy expertise to enhance the customer offering, and driving traffic through the omni-channel experience. Cost synergies will be achieved primarily through procurement savings, leveraging efficiencies realized by a combined supply chain, combined distribution and fulfillment channels, and leveraging manufacturing capabilities.

Governance

The board of directors will be comprised of nine directors, four of whom will be named by Albertsons Companies (including Bob Miller and Lenard Tessler), four of whom will be named by Rite Aid (including John Standley), and one of whom will be a jointly selected director. A majority of the Board will be independent. Lenard Tessler will serve as Lead Director.

Approvals and Timing

The transaction has been approved unanimously by the boards of directors of both companies. The merger is expected to close early in the second half of calendar year 2018, subject to the approval of Rite Aid’s shareholders, regulatory approvals, and other customary closing conditions.

Advisors

Credit Suisse and Goldman Sachs & Co. LLC served as lead financial advisors to Albertsons Companies and Schulte Roth & Zabel LLP acted as legal advisor. Bank of America Merrill Lynch also served as financial advisor to Albertsons Companies and is providing committed financing for the proposed transaction together with Credit Suisse and Goldman Sachs.

Citi served as exclusive financial advisor to Rite Aid, and Skadden, Arps, Slate, Meagher and Flom LLP acted as legal advisor.

Investor Call

An analyst call will be conducted at 8:30 a.m. Eastern Time today with remarks by both management teams. The call will be simulcast via the internet and can be accessed in the Investor Relations sections of www.riteaid.com and www.albertsonscompanies.com, along with an accompanying investor presentation. You may participate in the call by dialing (877) 654-4425 within the U.S. and Canada or (706) 679-0005 outside of the U.S. and Canada. The reservation number is: 9687728.

A playback of the call will also be available by telephone beginning at 12 p.m. Eastern Time today until 11:59 p.m. Eastern Time on March 6, 2018. The playback number is 1-855-859-2056 from within the U.S. and Canada or 1-404-537-3406 from outside the U.S. and Canada with the reservation number 9687728.

About Albertsons Companies

Albertsons Companies is one of the largest food and drug retailers in the United States, with both a strong local presence and national scale. We operate stores across 35 states and the District of Columbia under 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen and Carrs, as well as meal kit company Plated based in New York City. Albertsons Companies is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2016 alone, along with the Albertsons Companies Foundation, the company gave nearly $300 million in food and financial support. These efforts helped millions of people in the areas of hunger relief, education, cancer research and treatment, programs for people with disabilities and veterans outreach.

About Rite Aid Corporation

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with fiscal 2017 annual revenues of $32.8 billion. The Company also owns EnvisionRxOptions, a multi-faceted healthcare and pharmacy benefit management (PBM) company supporting a membership base of more than 22 million members; RediClinic, a convenient care clinic operator with locations in Delaware, New Jersey, Pennsylvania, Texas and Washington; and Health Dialog, a leading provider of population health management solutions including analytics, a multi-channel coaching platform and shared decision-making tools. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

About Cerberus Capital Management, L.P.

Established in 1992, Cerberus Capital Management, L.P. is a global leader in alternative investing with more than US $34 billion under management across complementary credit, private equity, and real estate strategies. From its headquarters in New York City and network of affiliate and advisory offices in the United States, Europe, and Asia, Cerberus has the on-the-ground presence to invest in multiple asset classes globally.

Important Notice Regarding Forward-Looking Statements and Non-GAAP Measures

This press release contains certain “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the pending merger between Albertsons Companies Inc. (“Albertsons Companies”) and Rite Aid Corporation (“Rite Aid”) and the transactions contemplated thereby, and the parties perspectives and expectations, are forward looking statements. Such statements include, but are not limited to, statements regarding the benefits of the proposed merger, integration plans, expected synergies and revenue opportunities, anticipated future financial and operating performance and results, including estimates for growth, the expected management and governance of the combined company, and the expected timing of the transactions contemplated by the merger agreement. The words “expect,” “believe,” “estimate,” “intend,” “plan” and similar expressions indicate forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to various risks and uncertainties, assumptions (including assumptions about general economic, market, industry and operational factors), known or unknown, which could cause the actual results to vary materially from those indicated or anticipated. Such risks and uncertainties include, but are not limited to, risks related to the expected timing and likelihood of completion of the pending merger, including the risk that the transaction may not close due to one or more closing conditions to the transaction not being satisfied or waived, such as regulatory approvals not being obtained, on a timely basis or otherwise, or that a governmental entity prohibited, delayed or refused to grant approval for the consummation of the transaction or required certain conditions, limitations or restrictions in connection with such approvals, or that the required approval of the merger agreement by the stockholders of Rite Aid was not obtained; risks related to the ability of Albertsons Companies and Rite Aid to successfully integrate the businesses; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement (including circumstances requiring a party to pay the other party a termination fee pursuant to the merger agreement); the risk that there may be a material adverse change of Rite Aid or Albertsons Companies; risks related to disruption of management time from ongoing business operations due to the proposed transaction; the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Rite Aid’s common stock, and the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Albertsons Companies and Rite Aid to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on their operating results and businesses generally; risks related to successfully integrating the businesses of the companies, which may result in the combined company not operating as effectively and efficiently as expected; the risk that the combined company may be unable to achieve cost-cutting synergies or it may take longer than expected to achieve those synergies; and risks associated with the financing of the proposed transaction. A further list and description of risks and uncertainties can be found in Rite Aid’s Annual Report on Form 10-K for the fiscal year ending March 4, 2017 filed with the Securities and Exchange Commission (“SEC”), in Albertsons Companies, LLC’s Form S-4 registration statement filed with the SEC on June 28, 2017, in Albertsons Companies, LLC’s quarterly reports on Form 10-Q filed with the SEC on August 1, 2017, October 23, 2017 and January 1, 2018 and in the Form S-4 that will be filed with the SEC by Albertsons Companies in connection with the proposed merger, and other documents that the parties may file or furnish with the SEC, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and Albertsons Companies, Rite Aid, and their subsidiaries undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

Adjusted EBITDA (the “Non-GAAP Measure”) is a performance measure that provides supplemental information that Albertsons Companies and Rite Aid believe is useful to analysts and investors to evaluate ongoing results of operations, when considered alongside other GAAP measures such as net income, operating income and gross profit. This Non-GAAP Measure excludes the financial impact of items management does not consider in assessing the ongoing operating performance of Albertsons Companies, Rite Aid, or the combined company, and thereby facilitates review of its operating performance on a period-to-period basis. Other companies may have different capital structures or different lease terms, and comparability to the results of operations of Albertsons Companies, Rite Aid, or the combined company may be impacted by the effects of acquisition accounting on its depreciation and amortization. As a result of the effects of these factors and factors specific to other companies, Albertsons Companies and Rite Aid believe Adjusted EBITDA provides helpful information to analysts and investors to facilitate a comparison of their operating performance to that of other companies. The presentation of the Non-GAAP Measure in this press release should not be construed as an inference that its future results will be unaffected by unusual or non-recurring items. A reconciliation of the Non-GAAP Measure has not been provided because such reconciliation could not be produced without unreasonable effort.

Additional Information and Where to Find It

In connection with the proposed strategic combination involving Rite Aid and Albertsons Companies Inc., Rite Aid and Albertsons Companies Inc. intend to file relevant materials with the SEC, including that Albertsons Companies Inc. will file a registration statement on Form S-4 that will include a proxy statement/prospectus to be distributed to Rite Aid stockholders. Rite Aid will mail the proxy statement/prospectus and a proxy card to each stockholder entitled to vote at the special meeting relating to the proposed merger. INVESTORS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. RITE AID’S EXISTING PUBLIC FILINGS WITH THE SEC SHOULD ALSO BE READ, INCLUDING THE RISK FACTORS CONTAINED THEREIN.

Investors and security holders may obtain copies of the Form S-4, including the proxy statement/prospectus, as well as other filings containing information about Rite Aid, free of charge, from the SEC’s Web site (www.sec.gov). Investors and security holders may also obtain Rite Aid’s SEC filings in connection with the transaction, free of charge, from Rite Aid’s Web site (www.RiteAid.com) under the link “Investor Relations” and then under the tab “SEC Filings,” or by directing a request to Rite Aid, Byron Purcell, Attention: Senior Director, Treasury Services & Investor Relations. Copies of documents filed with the SEC by Albertsons Companies Inc. will be made available, free of charge, on Albertsons Companies’ website atwww.albertsonscompanies.com.

Participants in Solicitation

Rite Aid, Albertsons Companies Inc. and their respective directors, executive officers and employees and other persons may be deemed to be participants in the solicitation of proxies from the holders of Rite Aid common stock in respect of the proposed transaction. Information regarding Rite Aid’s directors and executive officers is available in its definitive proxy statement for Rite Aid’s 2017 annual meeting of stockholders filed with the SEC on June 7, 2017, as modified or supplemented by any Form 3 or Form 4 filed with the SEC since the date of such definitive proxy statement. Information about the directors and executive officers of Albertsons Companies will be set forth in the Form S-4. Other information regarding the interests of the participants in the proxy solicitation will be included in the proxy statement/prospectus when it becomes available. These documents can be obtained free of charge from the sources indicated above.

This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Media and Investor Contacts:

For Albertsons Companies
INVESTORS:                                     MEDIA:
Melissa Plaisance                               Christine Wilcox
(925) 226-5115                                 (208) 395-4163
melissa.plaisance@albertsons.com      christine.wilcox@albertsons.com

For Rite Aid
INVESTORS:                                     MEDIA:
Byron Purcell                                     Ashley Flower
(717) 975-5809                                 (717) 975-5718
investor@riteaid.com                         aflower@riteaid.com

For Cerberus Capital Management L.P.

MEDIA:
Andrew Johnson
(646) 495-2700
ajohnson@gpg.com

Contact:

Investors: 
Byron Purcell
717-975-5809
investor@riteaid.com

Media: 
Ashley Flower
717-975-5718

Source: RiteAid

Przemek Lesniak named new CEO in Pacific region at Lagardère Travel Retail

Tasmania, Australia, 2018-Feb-21 — /EPR Retail News/ — Lagardère Travel Retail has appointed Przemek Lesniak as the new CEO of Pacific region replacing Matthie Mercier, who is returning to Paris to take up the role of COO Travel Essentials and Food Service at Lagardère Travel Retail France.

Przemek Lesniak is based in Sydney and will report into Emmanuel de Place in Singapore.

Having worked for Lagardère Travel Retail for over 17 years in various roles in Poland, France and Australia, Lesniak moved to Sydney when he joined the Pacific region in July 2016 as General Manager of Travel Essentials. He has quickly developed a great understanding of the business in this region. He has worked on a variety of commercial initiatives and key development projects and has been instrumental in developing and strengthening both the Travel Essentials and more recently the Duty-Free businesses in the region during this time.

A graduate of Warsaw School of Economics, he brings to the role sound financial acumen, strong retail expertise, operational leadership and an extensive knowledge of Lagardère Travel Retails business.

“We are delighted to have someone of Przemek’s calibre and experience to move seamlessly into this role” said Emmanuel de Place, COO of Lagardère Travel Retail. “He is very qualified and I’m confident that he’ll continue to strengthen and grow the business in the Pacific region.

I would also like to thank Matthieu Mercier for his leadership, enthusiasm and contribution he has made to our Pacific business over the past six years, which has included significant development in strengthening the presence of the group’s activities in the region”.

Przemek Lesniak said of his appointment “Having been in the Pacific for 18 months now, I’m thrilled with this opportunity as it’s an exciting region to be working in. I’m looking forward to leading the adaptable and fast learning passionate teams, and using my experience to drive the strategic vision and growth strategy to grow the business even further in the region”.

ABOUT LAGARDERE TRAVEL RETAIL:
One of the four divisions of Lagardère Group, Lagardère Travel Retail is a pioneering global leader in the travel retail industry. Operating 4,300 stores across Travel Essentials, Duty Free and Foodservice in airports, railway stations and other concessions in 33 countries worldwide, Lagardère Travel Retail generates a €4 bn sales (managed 100%).

Lagardere Travel Retail has a unique holistic approach aimed at exceeding traveller’s expectations throughout their journey, and optimising landlords’ assets and partners’ brands.

In Asia Pacific, Lagardère Travel Retail operates over 300 outlets in 16 airports, supported by professional local teams in Australia, New Zealand, New Caledonia, Singapore, Malaysia, Hong Kong, China and India.

PRESS CONTACT:
Janette Doolan
Communications Manager
j.doolan@lagardere-traspac.com
www.lagardere-traspac.com

Source: Lagardere Travel Retail

PetSmart Charities celebrates as 29,739 pets adopted during its first National Adoption Weekend of 2018

North Americans Answered the Call to Bring Love Home this February

PHOENIX, 2018-Feb-21 — /EPR Retail News/ — It’s National Love Your Pet Day, and tens of thousands of pet parents and families across North America are celebrating after 29,739 pets were adopted during PetSmart Charities’ first National Adoption Weekend of 2018. It’s a fitting day to announce the second-most successful adoption event the leading pet specialty retailer and its sister nonprofit have hosted since beginning the in-store adoption program in the 1990s.

“At PetSmart Charities, we love pets — on National Love Your Pet Day and every day of the year. That’s why we’re committed to finding shelter pets the lifelong, loving homes they deserve,” said David Haworth, DVM, Ph.D., and president of PetSmart Charities. “Together with our adoption partners, their dedicated volunteers and our passionate PetSmart associates, we’d like to thank all of the adoptive pet parents and families for answering our call to Bring Love Home during this February’s National Adoption Weekend.”

Hosted Feb. 16-18, the weekend event saw 3,500 animal welfare organizations bring adoptable pets into nearly every one of the 1,600-plus PetSmart stores across Canada, the U.S. and Puerto Rico. These in-store adoption events are welcoming, conveniently located, and bustling with tens of thousands of adoptable pets of all varieties and scores of pet-loving people and families. Together, PetSmart and PetSmart Charities are providing homeless pets with a place where they have a better chance of meeting their perfect match and finding a forever home.

Arie Luyendyk Jr., the current “Bachelor,” knows a little bit about finding his very own perfect match. Luyendyk was on-site at a local PetSmart store in his hometown of Phoenix to help kick off PetSmart Charities’ first National Adoption Weekend of 2018. While he didn’t give away any secrets about the popular reality show’s season finale, he did talk about the joys of pet adoption and introduced many people to his faithful, four-legged canine companion, Bastian, who was adopted from a Phoenix-based shelter seven years ago.

There was more than one way to show a love of pets at PetSmart this weekend. During a pet food donation drive that took place in every store during National Adoption Weekend, more than 2,185,747 pet food items were donated by generous shoppers and pet adopters. The donated pet food will soon be delivered to local adoption partners, pet rescues and shelters to help feed pets in need. PetSmart and PetSmart Charities will host the next National Adoption Weekend on May 18-20, 2018.

A Free Gift for Those Who Adopted:
When pet parents adopt a kitten, cat, dog or puppy, regardless of whether the pet was adopted from a PetSmart store or a local animal welfare organization, PetSmart offers a free Adoption Kit* that provides important content to help integrate a new pet into the family. Click here for more information about PetSmart’s Free Adoption Kit.

Did You Adopt a Pet During National Adoption Weekend? Share it on Social!
Share your photos and stories with us! You can upload them to our website: www.petsmartcharities.org, or share them on Twitter, Facebook or Instagram using the handles below and include the hashtag #iadopted.

Follow PetSmart Charities on Twitter: www.twitter.com/PetSmartChariTs
Find PetSmart Charities on Facebook: www.Facebook.com/PetSmartCharities
See PetSmart Charities on YouTube: www.YouTube.com/PetSmartCharitiesInc

*Adoption papers are required.

About PetSmart®
PetSmart, Inc. is the largest specialty pet retailer of services and solutions for the lifetime needs of pets. At PetSmart, we love pets, and we believe pets make us better people. Every day with every connection, PetSmart’s passionate associates help bring pet parents closer to their pets so they, together, can live more fulfilled lives. This vision impacts everything we do for our customers, the way we support our associates and how we give back to our communities. We employ approximately 55,000 associates, operate 1,600 pet stores in the United States, Canada and Puerto Rico, as well as more than 200 in-store PetSmart® PetsHotel® dog and cat boarding facilities. PetSmart provides a broad range of competitively priced pet food and products, as well as pet-focused services such as dog training, pet grooming, pet boarding, PetSmart™ Doggie Day Camp™ and pet adoption. PetSmart, together with non-profits PetSmart Charities® and PetSmart Charities® of Canada, invite more than 3,500 animal welfare organizations to bring adoptable pets into stores so they have the best chance possible of finding a forever home. Through this in-store adoption program and other signature events, PetSmart has facilitated more than 7.8 million adoptions – more than any other brick-and-mortar organization. The company’s portfolio of digital resources for pet parents includes PetSmart.com, petMD.com, Pawculture.com, AllPaws, an online pet adoption platform that helps potential pet parents find the perfect pet to adopt based on their home, family and lifestyle, as well as BlogPaws, the world’s first pet blogger and influencer network. Through these digital platforms, PetSmart offers the most comprehensive online pet supplies and pet care information in the U.S. In celebration of its 30th anniversary, PetSmart launched its Buy a Bag, Give a Meal™ program in March 2017. For every bag of cat or dog food purchased March 1 – Dec. 31, 2017, PetSmart donated a meal to pets in need and beat its goal of 60 million meals with more than 63 million meals generated through this leading philanthropic program. In May 2017, PetSmart acquired Chewy.com, a leading online retailer of pet food and products in the U.S., which operates as an independent subsidiary.

Find PetSmart on Facebook: www.facebook.com/PetSmart
See PetSmart on Instagram: @PetSmart
Follow PetSmart on Twitter: @PetSmart
See PetSmart on YouTube: www.YouTube.com/PetSmart
PetSmart homepage: http://www.petsmart.com/

Turn your passion for pets into a career you’ll love! Visit careers.petsmart.com to learn more about corporate, retail store and Distribution Center opportunities.

About PetSmart Charities®
PetSmart Charities, Inc. is a nonprofit animal welfare organization with a mission to find lifelong, loving homes for all pets by supporting programs and thought leadership that bring people and pets together. In addition to finding homes for almost 500,000 shelter pets each year through its in-store adoption program in all PetSmart stores across the U.S. and Puerto Rico, PetSmart Charities provides funding to non-profits aligned with its mission through four key areas of grant support: Preventing Pet Homelessness; Helping Shelter Pets Thrive; Supporting the Bond Between People and Pets; and Emergency Relief and Disaster Support. Each year, millions of generous PetSmart shoppers help pets in need by donating to PetSmart Charities using the pin pads at checkout registers inside PetSmart stores.  In turn, PetSmart Charities efficiently uses 90 cents of every dollar donated and has become the leading funder of animal welfare in North America, donating about $300 million to date. PetSmart Charities, a 501(c)(3) organization, has received the Four Star Rating from Charity Navigator, an independent organization that reports on the effectiveness, accountability and transparency of nonprofits, for the past 14 years in a row – placing it among the top one percent of charities rated by this organization. To learn more visit www.petsmartcharities.org.

Follow PetSmart Charities on Twitter: @PetSmartChariTs
Find PetSmart Charities on Facebook: Facebook.com/PetSmartCharities
See PetSmart Charities on YouTube: YouTube.com/PetSmartCharitiesInc

About PetSmart Charities® of Canada:
PetSmart Charities of Canada is a registered Canadian charity with a mission to find lifelong, loving homes for all pets by supporting programs and thought leadership that bring people and pets together.  In addition to finding homes for more than 25,000 shelter pets each year through its in-store adoption program in all PetSmart stores, PetSmart Charities of Canada provides funding to registered charities aligned with its mission through four key areas of grant support: Preventing Pet Homelessness; Helping Shelter Pets Thrive; Supporting the Bond Between People and Pets; and Emergency Relief and Disaster Support. Each year, millions of generous PetSmart shoppers help pets in need by donating to PetSmart Charities of Canada using the pin pads at checkout registers inside PetSmart stores.  In turn, PetSmart Charities efficiently uses 89 cents of every dollar donated and has become a leading funder of animal welfare in Canada, donating nearly $14 million to date.  PetSmart Charities of Canada is a member of Imagine Canada and is independent from PetSmart, Inc. To learn more, visit www.petsmartcharities.ca.

Contacts:
Virginia Hock
Golin for PetSmart
469-680-2611
vhock@golin.com

PetSmart 24-Hour Media Line: 623-587-2177

Source: PetSmart Inc.

Wendy’s introduces the new Smoky Mushroom Bacon Cheeseburger

Wendy’s introduces the new Smoky Mushroom Bacon Cheeseburger

 

DUBLIN, Ohio, 2018-Feb-20 — /EPR Retail News/ — Can’t get enough of Wendy’s fresh beef? Say no more! Wendy’s is introducing what could be the most craveable cheeseburger to hit fast food menus. The new Smoky Mushroom Bacon Cheeseburger and Baked Potato takes deliciously different to a whole new level.

Wendy’s never-ending passion to serve the best hamburgers in the business extends beyond fresh beef1. The Smoky Mushroom Bacon Cheeseburger has every flavor you could crave on one bun, featuring smoky, sautéed portabella mushrooms, melted asiago cheese, crispy Applewood smoked bacon and crunchy fried onions atop of juicy, fresh never frozen beef (#duh). For those craving the same great taste sans beef, Wendy’s Smoky Mushroom Bacon Potato is loaded with sautéed portabella mushrooms, cheddar cheese sauce and crispy Applewood smoked bacon.

Check out Wendy’s The Square Deal Blog for the inside scoop on what inspired this delectably craveable sandwich.

Guests can purchase the Smoky Mushroom Bacon Cheeseburger for $4.992 and the Smoky Mushroom Bacon Potato for $2.992. Both menu additions will be available for a limited time, so savor it while you can!

1 Fresh beef available in the contiguous U.S., Canada, and Alaska.
2 At participating locations. Prices may vary.

About The Wendy’s Company
The Wendy’s Company (NASDAQ: WEN) is the world’s third-largest quick-service hamburger company. The Wendy’s system includes approximately 6,600 franchise and Company-operated restaurants in the United States and 30 countries and U.S. territories worldwide. For more information, visit www.aboutwendys.com

CONTACTS:
Bry Roth
614-764-3138
Bry.Roth@wendys.com

Amy Baker
214-259-3408
Amy.Baker@Ketchum.com

SOURCE: The Wendy’s Company

###