Kroger announces contribution of $3.1 million to USO in 2016 through its Honoring Our Heroes campaign

CINCINNATI, 2016-Nov-14 — /EPR Retail News/ — The Kroger Co. (NYSE: KR) today (Nov. 11, 2016) proudly announced a total contribution to the USO of nearly $3.1 million for 2016. This total includes a company contribution of $1 million in funds.

The remaining support was raised through the support of partners like Wrigley’s and Coca Cola, and the generosity of customers and associates who contributed at check stands, purchased special gift cards to be delivered to USO centers, or donated online throughout Kroger’s year-long Honoring Our Heroes campaign.

Through the program, Kroger’s family of stores has donated nearly $18 million since 2010 to help support USO programs, which represents the largest cumulative gift to the USO in its 75-year history.

“On Veteran’s Day, and every day, the Kroger family of stores is honored to employ and to serve our nation’s veterans and their family members,” said Jessica Adelman, Kroger’s group vice president of corporate affairs.

In support of Veteran’s Day, the company is currently inviting customers to Salute Their Service by sending words of gratitude to our men and women in uniform by visiting http://www.honoringourheroes.com. And throughout the month of November, for each pack of Wrigley’s Extra gum purchased at Kroger’s family of stores, a pack will be donated to a service member.

About the USO

The USO strengthens America’s military service members by keeping them connected to family, home and country, throughout their service to the nation. At hundreds of locations worldwide, we are united in our commitment to connect our service members and their families through countless acts of caring, comfort, and support. The USO is a private, non-profit organization, not a government agency. Our programs, services and entertainment tours are made possible by the American people, support of our corporate partners and the dedication of our volunteers and staff. To join us in this important mission, and to learn more about the USO, please visit uso.org.

About Kroger
Every day, the Kroger Family of Companies makes a difference in the lives of eight and a half million customers and 431,000 associates who shop or serve in 2,781 retail food stores under a variety of local banner names in 35 states and the District of Columbia. Kroger and its subsidiaries operate an expanding ClickList offering – a personalized, order online, pick up at the store service – in addition to 2,240 pharmacies, 785 convenience stores, 323 fine jewelry stores, 1,423 supermarket fuel centers and 38 food production plants in the United States. Kroger is recognized as one of America’s most generous companies for its support of more than 100 Feeding America food bank partners, breast cancer research and awareness, the military and their families, and more than 145,000 community organizations including schools. A leader in supplier diversity, Kroger is a proud member of the Billion Dollar Roundtable.

SOURCE: The Kroger Co.

The Children’s Place announces financial results for the thirteen weeks ended July 30, 2016

  • Delivers Q2 Comparable Retail Sales Increase of 2.4%
  • Reports Q2 GAAP Loss per Diluted Share of ($0.11) vs ($0.67) in Q2 2015 and
  • Q2 Adjusted Loss per Diluted Share of ($0.01) vs ($0.33) in Q2 2015
  • Increases Fiscal 2016 Adjusted EPS Guidance to $4.60 to $4.70 vs Previous Guidance of$4.17 to $4.27
  • Returns $86 Million to Shareholders Year to Date  

SECAUCUS, N.J., 2016-Oct-20 — /EPR Retail News/ — The Children’s Place, Inc.(Nasdaq:PLCE), the largest pure-play children’s specialty apparel retailer in North America, today announced financial results for the thirteen weeks ended July 30, 2016.

Jane Elfers, President and Chief Executive Officer, said, “We delivered another outstanding quarter. Based on these results and the consistently positive customer response to our merchandise assortments, we are raising our guidance for the full year. We continue to demonstrate our ability to deliver on our multi-pronged transformation strategy – superior product, business transformation through technology, global growth through alternate channels of distribution and store fleet optimization – despite the challenging retail environment and the continued weakness in store traffic.”

Financial Results
The Company’s results are reported in this press release on a GAAP and as adjusted, non-GAAP basis. A reconciliation of non-GAAP to GAAP financial information is provided at the end of this press release.

Second Quarter 2016 Results
Net sales increased 1.4% to $371.4 million in the second quarter of 2016. The quarter included the negative impact of approximately $1.7 million from currency exchange rate fluctuations. On a constant currency basis, net sales were $373.1 million, a 1.8% increase, compared to net sales of$366.5 million in the second quarter of 2015. Comparable retail sales increased 2.4% in the second quarter of 2016.

Net loss was ($2.0) million, or ($0.11) per diluted share, in the second quarter of 2016, compared to a net loss of ($13.7) million, or ($0.67) per diluted share, the previous year.  Adjusted net loss was ($0.2) million, or ($0.01) per diluted share, inclusive of a negative ($0.02) impact due to foreign exchange, compared to an adjusted net loss of ($6.8) million, or ($0.33) per diluted share, in the second quarter last year. On a constant currency basis, adjusted net income per diluted share was $0.01.

Gross profit and adjusted gross profit were $123.9 million in the second quarter, compared to$115.0 million in the second quarter of 2015 and leveraged 200 basis points to 33.4% of sales primarily as a result of merchandise margin and fixed cost leverage and a higher AUR.

Selling, general and administrative expenses were $107.9 million compared to $118.3 million in the second quarter of 2015. Adjusted SG&A was $107.9 million compared to $108.6 million in the second quarter last year and leveraged 50 basis points as a percentage of sales primarily as a result of decreased store and administrative expenses which were partially offset by increased incentive compensation expenses.

Operating loss was ($2.9) million, compared to ($20.1) million in the second quarter of 2015. Adjusted operating income in the second quarter of 2016 was $0.1 million compared to an adjusted operating loss of ($8.9) million in the second quarter last year, and leveraged 240 basis points compared to last year.

For the second quarter, the Company’s adjusted results exclude charges of approximately $3.0 million, compared to excluded charges of approximately $11.2 million in the second quarter of 2015, comprising certain items which the Company believes are not reflective of the performance of its core business. These excluded charges are primarily related to asset impairment charges in the second quarter of 2016 and proxy and legal settlement costs in the second quarter of 2015.

Fiscal Year to Date
Net sales increased 2.5% to $790.8 million, including the negative impact of approximately $4.0 million from currency exchange rate fluctuations.  On a constant currency basis, net sales were$794.8 million, a 3.0% increase compared to net sales of $771.3 million in the prior year. Comparable retail sales increased 3.8% in the first half of fiscal 2016.

Net income was $24.0 million, or $1.24 per diluted share, in the first half of fiscal 2016, compared to net income of $1.9 million, or $0.09 per diluted share, the previous year. Adjusted net income was $25.6 million, or $1.32 per diluted share, inclusive of a negative ($0.03) impact due to foreign exchange, compared to $10.9 million, or $0.52 per diluted share, an increase of 154%, compared to the previous year. On a constant currency basis, adjusted net income per diluted share was$1.35, a 160% increase compared to the previous year.

Gross profit was $289.2 million in the first half of fiscal 2016, compared to $267.1 million last year.  Adjusted gross profit was $289.2 million, or 36.6% of net sales, leveraging 190 basis points compared to last year.

Selling, general and administrative expenses in the first half of fiscal 2016 were $217.1 million, compared to $232.9 million last year. Adjusted SG&A was $217.5 million, compared to $219.9 million last year, leveraging 100 basis points compared to last year.

Operating income was $36.7 million, compared to operating income of $3.1 million in the first half of fiscal 2015. Adjusted operating income was $39.3 million, or 5.0% of net sales, compared to$17.8 million, or 2.3% of net sales last year.

For the first half, the Company’s adjusted results exclude charges of approximately $2.6 million, compared to excluded charges of approximately $14.8 million in the first half of 2015, comprising certain items which the Company believes are not reflective of the performance of its core business. These excluded charges are primarily related to asset impairment charges in the first half of 2016 and proxy and legal settlement costs in the first half of 2015.

Store Openings and Closures
The Company closed 2 stores and opened 2 stores during the second quarter of 2016. The Company ended the second quarter with 1,064 stores and square footage of 4.967 million, a decrease of 2.0% compared to the prior year.  The Company’s international franchise partners opened 13 points of distribution in the second quarter, and the Company ended the quarter with 123 international points of distribution open and operated by its 6 franchise partners in 16 countries.

Capital Return Program
During the second quarter of 2016, the Company returned approximately $39 million to shareholders through the repurchase of 454,711 shares and its quarterly dividend payment of $0.20 per share. Year to date, the Company returned approximately $86 million to shareholders compared to approximately $68 million last year. Since 2009, the Company has returned over$710 million to its investors through share repurchases and dividends. At the end of the second quarter, approximately $192 million remained available for future share repurchases under the Company’s existing share repurchase program.

Additionally, the Company’s Board of Directors authorized a quarterly dividend of $0.20 per share, payable October 6, 2016 to shareholders of record at the close of business on September 16, 2016.

Outlook
The Company is updating its outlook for fiscal 2016 and now expects adjusted net income per diluted share to be in the range of $4.60 to $4.70, inclusive of a ($0.08) negative impact from foreign exchange. This compares to the Company’s previous guidance of $4.17 to $4.27 per adjusted diluted share and to adjusted net income per diluted share of $3.60 in fiscal 2015. This guidance assumes a positive low single digit increase in comparable retail sales for the year. This guidance for adjusted net income per diluted share excludes year to date charges of approximately$2.6 million primarily related to asset impairment charges that the Company believes are not reflective of the performance of its core business.

The Company expects adjusted net income per diluted share in the third quarter of 2016 to be between $1.93 and $2.01, inclusive of an estimated ($0.03) negative impact from foreign exchange. This compares to adjusted net income per diluted share of $1.93 in the third quarter of 2015. This guidance assumes a positive low single digit increase in comparable retail sales for the quarter.

Financial Results
The Company’s results are reported in this press release on a GAAP and as adjusted, non-GAAP basis. Adjusted net income, adjusted net loss, adjusted net income per diluted share, adjusted net loss per diluted share, adjusted gross profit, adjusted SG&A, and adjusted operating income are non-GAAP measures, and are not intended to replace GAAP financial information and may be different from non-GAAP measures reported by other companies. The Company believes the items excluded as non-GAAP adjustments are not reflective of the performance of its core business and that providing this supplemental disclosure to investors will facilitate comparisons of the past and present performance of its core business.  The Company uses non-GAAP measures to evaluate and measure operating performance, including, as previously disclosed, to measure performance for purposes of the Company’s annual bonus and long-term incentive compensation plans. A reconciliation of non-GAAP to GAAP financial information is provided at the end of this press release.

Conference Call Information
The Children’s Place will host a conference call to discuss its second quarter 2016 results today at 8:00 a.m. Eastern Time. The call will be broadcast live at http://investor.childrensplace.com. An audio archive will be available on the Company’s website approximately one hour after the conclusion of the call.

About The Children’s Place, Inc.
The Children’s Place is the largest pure-play children’s specialty apparel retailer in North America.  The Company designs, contracts to manufacture, sells at retail and wholesale, and licenses to sell fashionable, high-quality merchandise at value prices, primarily under the proprietary “The Children’s Place,” “Place” and “Baby Place” brand names.  As of July 30, 2016, the Company operated 1,064 stores in the United States, Canada and Puerto Rico, an online store at www.childrensplace.com, and had 123 international points of distribution open and operated by its 6 franchise partners in 16 countries.

Forward Looking Statements

This press release contains, and the above referenced conference call may contain, forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements relating to the Company’s strategic initiatives and adjusted net income per diluted share.  Forward-looking statements typically are identified by use of terms such as “may,” “will,” “should,” “plan,” “project,” “expect,” “anticipate,” “estimate” and similar words, although some forward-looking statements are expressed differently. These forward-looking statements are based upon the Company’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results and performance to differ materially. Some of these risks and uncertainties are described in the Company’s filings with the Securities and Exchange Commission, including in the “Risk Factors” section of its Annual Report on Form 10-K for the fiscal year ended January 30, 2016. Included among the risks and uncertainties that could cause actual results and performance to differ materially are the risk that the Company will be unsuccessful in gauging fashion trends and changing consumer preferences, the risks resulting from the highly competitive nature of the Company’s business and its dependence on consumer spending patterns, which may be affected by weakness in the economy that continues to affect the Company’s target customer, the risk that the Company’s strategic initiatives to increase sales and margin are delayed or do not result in anticipated improvements, the risk of delays, interruptions and disruptions in the Company’s global supply chain, including resulting from foreign sources of supply in less developed countries or more politically unstable countries, the risk that the cost of raw materials or energy prices will increase beyond current expectations or that the Company is unable to offset cost increases through value engineering or price increases, and the uncertainty of weather patterns. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they were made. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact:

Robert Vill
Group Vice President
Finance
(201) 453-6693

Source: Children’s Place, Inc/globenewswire

Office Depot to call its 9.75% Senior Secured Notes due 2019 for redemption on September 15, 2016

BOCA RATON, Fla, 2016-Aug-09 — /EPR Retail News/ — Office Depot, Inc. (NASDAQ: ODP) today announced it intends to call its 9.75% Senior Secured Notes due 2019 (the “Notes”) for redemption on September 15, 2016. The Notes will be redeemed for cash at a price equal to 104.875% of the principal amount of the Notes plus accrued and unpaid interest up to, but excluding, the redemption date (the “Redemption Price”). The aggregate principal outstanding of the Notes is $250,000,000.

From the redemption date forward, the Notes will no longer be deemed outstanding, interest will no longer accrue and holders will have no rights other than the right to receive the Redemption Price, without interest, upon surrender of the Notes. Payment of the Redemption Price will be made only upon presentation and surrender of the Notes to U.S. Bank, National Association, the trustee and paying agent, during its business hours at the address specified in the Notice of Redemption. The Notice of Redemption is expected to be mailed to holders of the Notes on or about August 10, 2016.

Questions regarding the Notice of Redemption should be directed to U.S. Bank, National Association, Bondholder Services at 1-800-934-6802 between the hours of 8:00 AM and 6:00 PM CST Monday through Friday, or visit their website at www.usbank.com/corporatetrust and click on the “Bondholder Information” link.

This press release is not an offer to sell or a solicitation of an offer to buy any securities.

About Office Depot, Inc.
Office Depot, Inc. is a leading global provider of products, services, and solutions for every workplace – whether your workplace is an office, home, school or car.

Office Depot, Inc. is a resource and a catalyst to help customers work better. We are a single source for everything customers need to be more productive, including the latest technology, core office supplies, print and document services, business services, facilities products, furniture, and school essentials.

The Company has annual sales of approximately $14 billion, employs approximately 49,000 associates, and serves consumers and businesses in 59 countries with approximately 1,800 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization – all delivered through a global network of wholly owned operations, franchisees, licensees and alliance partners. The Company operates under several banner brands including Office Depot, OfficeMax, Grand & Toy, and Viking. The company’s portfolio of exclusive product brands include TUL, Foray, Brenton Studio, Ativa, WorkPro, Realspace and HighMark.

Office Depot, Inc.’s common stock is listed on the NASDAQ Global Select Market under the symbol “ODP”. Additional press information can be found at:  http://news.officedepot.com .

All trademarks, service marks and trade names of Office Depot, Inc. and OfficeMax Incorporated used herein are trademarks or registered trademarks of Office Depot, Inc. and OfficeMax Incorporated, respectively. Any other product or company names mentioned herein are the trademarks of their respective owners.

Contact:

Richard Leland
561-438-3796
Investor Relations
Richard.Leland@officedepot.com

Karen Denning
630-438-7445
Media Relations
Karen.Denning@officedepot.com

Source: Office Depot, Inc.

John Lewis to serve people of Leeds as Victoria Gate opens its doors to public on 20 October, 2016

London, 2016-Aug-06 — /EPR Retail News/ — Hammerson confirms that Victoria Gate, its £165 million development in Leeds, and the anchor tenant John Lewis will open its doors to the public for the first time on Thursday 20 October, 2016.

Set to transform the city’s aspirational retail, dining and leisure offer, Victoria Gate will become part of the new 53,400 m2(575,000 sq ft) Victoria Estate shopping district, which also includes Leeds’ Victoria Quarter arcades.

Anchored by a flagship John Lewis, the scheme is currently 74% pre-let and will also boast new retailers and restaurants including Russell & Bromley, Aspinal of London, Le Pain Quotidien, Neom Organics, T2, GANT, Hackett, Tommy Hilfiger, Anthropologie and international restaurant group D&D. Introducing so many new brands to the city will firmly establish the Victoria Estate as a hub for premium shopping and dining in the North of the UK.

Robin Dobson, Director Retail Development at Hammerson said: ‘It is great to be able to confirm the official launch date for Victoria Gate as the 20 October. Ideally timed for pre-Christmas trade we are delighted to bring this new and iconic retail destination to Leeds and one that is set to be the largest premium retail and leisure destination outside of London. We look forward to disclosing further detail about the launch celebrations shortly.’

James Prince, Head of Branch at John Lewis Leeds, said: ‘I can’t wait for John Lewis Leeds to open its doors for the first time. It’s our most service and experiential led shop to date, as we continue to offer more for customers that can’t be replicated online. My new team of Partners are really looking forward to serving the people of Leeds and welcoming everyone on opening day.’

Notes to editors
John Lewis – John Lewis operates 46 John Lewis shops across the UK (32 department stores, 12 John Lewis at home and shops at St Pancras International and Heathrow Terminal 2) as well as johnlewis.com. It is part of the John Lewis Partnership, the UK’s largest example of worker co-ownership and all 30,000 John Lewis staff are Partners in the business.

John Lewis stocks more than 350,000 separate lines in its department stores and johnlewis.com across fashion, home and technology, and was named  ‘Best In-Store Experience’, ‘Best Clothing Retailer,’ ‘Best Electricals Retailer,’ ‘Best Furniture Retailer,’ ‘Best Homewares Retailer’ and ‘Best Click & Collect Retailer’ in the 2016 Verdict Customer Satisfaction awards.

Johnlewis.com is consistently ranked one of the top online shopping destinations in the UK. John Lewis Insurance offers a range of comprehensive insurance products – home, car, wedding and event, travel and pet insurance and life cover – delivering the values of expertise, trust and customer service expected from the John Lewis brand.

You can follow John Lewis on the following social media channels:
www.johnlewis.com/twitter
www.johnlewis.com/facebook
www.johnlewis.com/youtube.

General enquires:

Vikki Speed
Senior Communications Officer
Corporate & Brand
Telephone: 0207 931 4921
Email: vikki.speed@johnlewis.co.uk

Source: John Lewis

Gordy’s to host its 12th Annual Feed My People Live Charity Auction on August 5, 2016

Eau Claire, WI, 2016-Jul-15 — /EPR Retail News/ — Gordy’s 12th Annual Feed My People Live Charity Auction is scheduled for August 5, 2016. With over 1000 Live Auction Items, a Special Guest Appearance by Former Packers: Gilbert Brown and Tyrone Williams, plus our Gordy’s “Meat Guy” finishing a 100 mile ultra marathon to raise money for the Food Bank, this is a great way to get involved in a local community event and give back. See you on Friday!

What: 12th Annual Feed My People Live Charity Auction
When: Friday,August 5, 2016
Time: 9am Registration, 10am Auction Begins
Where: Gordy’s Market, 3310 E. Hamilton Ave, Eau Claire, WI
Why: All Proceeds Benefit the Feed My People Food Bank

Feed My People Live Auction Facts:
– The Feed My People Auction has helped raise almost $425,000 in the last 11 years for the Food Bank
– With every $1, Feed My People is able to provide $10 worth of food
– With every $1, Feed My People is able to provide 6 lbs. of food

Donate to Mike, Gordy’s “Meat Guy,” who is running 100 miles starting Thursday, August 4 at Gordy’s Market Rice Lake and ending at the Feed My People Live Auction at Gordy’s Market Hamilton on Friday, August 5 to raise awareness of the Feed My People Food Bank’s work and auction. All proceeds will be donated directly to the food bank!

You can donate here: http://ow.ly/9bo0302dw7p

Stay Tuned for a List of Auction Items to Start Planning Your Bids

Want to donate to this community event? Send us an email at katyp@gordysinc.com. Items have ranged from electronics, furniture, appliances, cash donations and more.

A HUGE Thank You to All Who Donated to the Live Auction!

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Gordy’s to host its 12th Annual Feed My People Live Charity Auction on August 5, 2016
Gordy’s to host its 12th Annual Feed My People Live Charity Auction on August 5, 2016

 

Source: Gordy’s

Alimentation Couche-Tard Inc. will issue 4Q2016 financial results on July 12, 2016

Laval, Canada, 2016-Jul-12 — /EPR Retail News/ — Alimentation Couche-Tard Inc. (TSX: ATD.A ATD.B), will be issuing on July 12th, 2016 the financial results for its fourth quarter of 2016. Therefore, Couche-Tard invites analysts known to the Corporation to send their two questions to its management before 11:00 AM (DST) on July 12th, 2016.

Financial analysts and investors who wish to listen to the webcast on Couche-Tard’s results which will take place online on July 12th, 2016 at 2:30 P.M. (DST) can do so by either accessing the Company’s website at http://corpo.couche-tard.com and by clicking on the corporate presentations link of the investor relations section or by dialing 1-866-865-3087 or the local number 514-807-9895, followed by the access code 42099518#. For those who will not be able to listen to the live presentation, the recording of the webcast will be available on the Company’s website for a period of 90 days.

About Alimentation Couche-Tard Inc.
Couche-Tard is the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of number of company-operated stores. In Europe, Couche-Tard is a leader in convenience store and road transportation fuel retail in the Scandinavian and Baltic countries with a significant presence in Poland.

As of January 31, 2016, Couche-Tard’s network comprised 7,979 convenience stores throughout North America, including 6,560 stores offering road transportation fuel. Its North-American network consists of 15 business units, including 11 in the United States covering 41 states and four in Canada covering all ten provinces. About 80,000 people are employed throughout its network and at its service offices in North America.

In Europe, Couche-Tard operates a broad retail network across Scandinavia (Norway, Sweden and Denmark), Poland, the Baltics (Estonia, Latvia and Lithuania) and Russia. As of January 31, 2016, it comprised 2,218 stores, the majority of which offer road transportation fuel and convenience products while the others are unmanned automated fuel stations. Couche-Tard also offers other products, including stationary energy, marine fuel and chemicals. Couche-Tard operates key fuel terminals and fuel depots in six European countries. Including employees at franchise stations carrying its brands, about 19,000 people work in its retail network, terminals and service offices across Europe. Since its acquisition of Topaz Energy Group Limited on February 1st, 2016, Couche-Tard also operates a convenience and fuel retailing network comprised of 444 service stations in Ireland as well as a significant commercial fuels operation, with over 30 depots and two terminals.

In addition, around 1,500 stores are operated by independent operators under the Circle K banner in 13 other countries or regions worldwide (China, Costa Rica, Egypt, Guam, Honduras, Hong Kong, Indonesia, Macau, Malaysia, Mexico, the Philippines, the United Arab Emirates and Vietnam).

For more information on Alimentation Couche-Tard Inc., please visit: http://corpo.couche-tard.com.

Forward-Looking Statements
The statements set forth in this press release, which describe Couche-Tard’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of securities legislation. Positive or negative verbs such as “will”, “plan”, “evaluate”, “estimate”, “believe”, “expect” and other related expressions are used to identify such statements. Couche-Tard would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements, or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Couche-Tard’s actual results and the projections or expectations set forth in the forward-looking statements include the effects of the integration of acquired businesses and the ability to achieve projected synergies, fluctuations in margins on motor fuel sales, competition in the convenience store and retail motor fuel industries, exchange rate variations, and such other risks as described in detail from time to time in documents filed by Couche-Tard with securities regulatory authorities in Canada. Unless otherwise required by applicable securities laws, Couche-Tard disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking information in this press release is based on information available as of the date of the release.

Contact:

Investor Relations:
Claude Tessier
Chief Financial Officer
Tel: (450) 662-6632, ext. 4607
claude.tessier@couche-tard.com

Media Relations:
Karen Romer
Director, Global Communications
Tel: (514) 603- 4505
karen.romer@couche-tard.com

Source: Couche-Tard

Hudson’s Bay Company announces the retirement of its Vice Chair Bonnie Brooks on December 31, 2016

TORONTO & NEW YORK, 2016-Jul-07 — /EPR Retail News/ — Hudson’s Bay Company (“HBC”) today announced that Bonnie Brooks, Vice Chair, HBC will retire on December 31, 2016. Brooks’s retirement culminates an illustrious 40-year career in fashion retail and marketing, including more than eight years at HBC. From 2008-2012 she was the first female CEO and President of Hudson’s Bay during the transformation of the banner in Canada.

“It has been a privilege to work with the team at Hudson’s Bay Company, a true Company of Adventurers. We have seen tremendous change since I joined the Company, and I am incredibly proud of what we accomplished together. I look forward to watching the continued success of HBC,” stated Brooks.

Brooks’s career included 12 years at Holt Renfrew where she led the retailer’s merchandising and marketing functions, followed by 11 years in Hong Kong and the reinvention of the Lane Crawford department stores in Asia. In 2008, Brooks returned to Canada to join HBC as CEO and President of Hudson’s Bay, later becoming President of the Department Store Group in 2012 with the integration of Lord & Taylor. Publicly and professionally recognized for her many roles in fashion retail, she was the Parsons School of Design Honouree in 2013 in NYC and was awarded the Ivey Business Leader of the Year in Canada in 2014.

“Bonnie has been a very strong leader who, from day one, was integral to the reinvention of Hudson’s Bay,” stated Richard Baker, Governor and Executive Chairman, HBC. “We are extremely grateful for her contributions to the company and wish her well in her retirement.”

About Hudson’s Bay Company

Hudson’s Bay Company is one of the fastest-growing department store retailers in the world, based on its successful formula of driving the performance of high quality stores and their all-channel offerings, unlocking the value of real estate holdings and growing through acquisitions. Founded in 1670, HBC is the oldest company in North America. HBC’s portfolio today includes ten banners, in formats ranging from luxury to better department stores to off price fashion shopping destinations, with more than 460 stores and 66,000 employees around the world. In North America, HBC’s leading banners include Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue, Gilt, and Saks OFF 5TH, along with Find @ Lord & Taylor and Home Outfitters. In Europe, its banners include GALERIA Kaufhof, the largest department store group in Germany, Belgium’s only department store group Galeria INNO, as well as Sportarena. HBC has significant investments in real estate joint ventures. It has partnered with Simon Property Group Inc. in the HBS Global Properties Joint Venture, which owns properties in the United States and Germany. In Canada, it has partnered with RioCan Real Estate Investment Trust in the RioCan-HBC Joint Venture.

Contact:

Hudson’s Bay Company
Tiffany Bourré
Director, External Communications
905-595-7184
tiffany.bourre@hbc.com

Source: Hudson’s Bay Company

Starbucks Corporation to release its third quarter fiscal year 2016 financial results on Thursday, July 21, 2016

SEATTLE, 2016-Jul-07 — /EPR Retail News/ — Starbucks Corporation (NASDAQ: SBUX) plans to release its third quarter fiscal year 2016 financial results after the market close on Thursday, July 21, 2016, with a conference call to follow at 2:00 p.m. PT.

The conference call will be webcast and can be accessed on the company’s website http://investor.starbucks.com. A replay of the webcast will be available on the company’s website until end of day Saturday, August 20, 2016.

About Starbucks

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 23,000 stores around the globe, Starbucks is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit our stores or online at news.starbucks.com and Starbucks.com.

Media contact:

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

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Starbucks Corporation to release its third quarter fiscal year 2016 financial results on Thursday, July 21, 2016
Starbucks Corporation to release its third quarter fiscal year 2016 financial results on Thursday, July 21, 2016

Source: Starbucks

RioCan Real Estate Investment Trust to release its financial results for the three and six months ended June 30, 2016 on Friday, July 29, 2016

TORONTO, ONTARIO, 2016-Jul-02 — /EPR Retail News/ — RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) today announced that it is scheduled to release its financial results for the three and six months ended June 30, 2016 prior to the market open on Friday, July 29, 2016.

Interested parties are invited to participate in a conference call with management on Friday, July 29, 2016 at 10:00 a.m. eastern time. You will be required to identify yourself and the organization on whose behalf you are participating.

In order to participate, please dial 416-340-2218 or 1-866-223-7781. If you cannot participate in the live mode, a replay will be available until August 26, 2016. To access the replay, please dial 905-694-9451 or 1-800-408-3053 and enter passcode 1111250#.

Scheduled speakers include Edward Sonshine, O.Ont., Q.C., Chief Executive Officer, Rags Davloor, President and Chief Operating Officer and Cynthia Devine, Executive Vice President and Chief Financial Officer. Management’s presentation will be followed by a question and answer period. To ask a question, press “star 1” on a touch-tone phone. The conference call operator will be notified of all requests in the order in which they are made, and will introduce each questioner.

Alternatively, to access the simultaneous webcast, go to the following link on RioCan’s website: http://investor.riocan.com/investor-relations/events-and-presentations/events/default.aspx and click on the link for the webcast. The webcast will be archived 24 hours after the end of the conference call and can be accessed for 120 days.

About RioCan
RioCan is Canada’s largest real estate investment trust with a total enterprise value of approximately $16 billion as at March 31, 2016. RioCan owns and manages Canada’s largest portfolio of shopping centres with ownership interests in a portfolio of 303 Canadian retail and mixed use properties, including 16 properties under development, containing an aggregate net leasable area of 46 million square feet.

For further information, please refer to RioCan’s website at www.riocan.com.

Contact Information:
RioCan Real Estate Investment Trust
Christian Green
Director, Investor Relations & Compliance
416-864-6483
www.riocan.com

Source: Rio Can

Whole Foods Market opens its new store in Chicago’s Hyde Park neighborhood on June 22, 2016

CHICAGO, IL, 2016-Jun-23 — /EPR Retail News/ — Whole Foods Market, the world’s leading natural and organic foods grocer, opens its new store in Chicago’s Hyde Park neighborhood, Wednesday, June 22, 2016. The new 30,300 square foot store, located at 5118 S. Lake Park Ave., will celebrate the grand opening with music, food and many more surprises for all who attend.

“Whole Foods Market Hyde Park will be a one-stop-shop for culinary creators of all skill levels, featuring the best tasting natural and organic grocery staples as well as that hard-to-find ingredient,” says Eric Golinvaux, Store Team Leader, Whole Foods Market Hyde Park. “For shoppers on-the-go, we’ll have a variety of delicious meals from our chef-driven prepared food options such as seasonal salads, custom sandwiches, and Neapolitan-style pizza, all made without artificial colors, preservatives and sweeteners.”

In the morning or an afternoon pick-me-up, coffee lovers will enjoy the delicious, freshly brewed Allegro coffee beverages made to order, including lattes, chai, cappuccinos, and espresso from the Coffee Bar. Allegro buys and roasts only specialty Arabica beans, which represents the top 10 percent of all the beans produced in the world. From that 10 percent, Allegro only purchases the cream of the crop, so Whole Foods Market shoppers are getting the best quality and taste possible every day.

For lunch or easy dinner choices, Whole Foods Market Hyde Park has a variety of healthy and hearty options made with the same high quality standards found on the shelves. Choose from freshly prepared seasonal salads or create a customized blend with the variety of responsibly grown organic and conventional produce on the salad bar; or for more rib-sticking meal choice, the hot bar provides seasonal, chef-driven recipes.

The Diner features a variety of breakfast, lunch and dinner options including breakfast sandwiches, build-your-own-burgers and classic grilled cheese.  Signature sandwiches featuring chipotle turkey, pastrami, or build-your-own style options offer a more custom meal. For a taste of Italy, pick up a slice of hand-stretched Neapolitan-style pizza – ready in under seven minutes. Freshly made sushi specialty rolls, including those made with brown or whole grain rice, are made in-house by sushi chefs using sustainably sourced seafood.

On the shelves and in the aisles, shoppers will have over 650 wines, 200 beers (including a custom Hyde Park Pale Ale from Begyle Brewing Company), 150 back-to-basics bulk pantry staples, and more than 95 bulk spices to choose from.

Whole Foods Market’s strict Quality Standards for food prohibit artificial colors, flavors, sweeteners and preservatives. Products on the shelves are evaluated on ingredients, but also ideology, philosophy, proper labeling and careful evaluation as part of a commitment made to customers to build a business with high standards that flow through all aspects of the company. These commitments include:

Produce: Responsibly grown produce is chosen by expert buyers and rated based off organic certification, farming practices that impact the environment and human heath.

  • Meat: Classically-trained butchers and meat cutters carve and grind in-house beef, pork, chicken and turkey that comes from farms that have achieved certification in the Global Animal Partnership’s 5-StepTM Animal Welfare Rating program
  • Seafood: The Seafood Department has the highest Quality Standards for seafood in the business by working with scientists, fishermen, government agencies and environmental organizations such as the Marine Stewardship Council to gather information about aquaculture and wild-capture fisheries, ensuring customers can make the best environmental choices when purchasing seafood.
  • Bakery: The skilled bakers use only ingredients that meet Whole Foods Market’s high Quality Standards, fresh natural butters and creams, and unbleached, unbromated flours for the variety of breads and pastries they create daily.
  • Cheese: The cheese department is a culinary destination offering over 200 specialty cheeses free of artificial additives, sweeteners, colorings, preservatives and hydrogenated oils.

To celebrate opening day, Whole Foods Market will host its version of a ribbon cutting called a “Bread-Breaking Ceremony” with Whole Foods Market Team Members and Hyde Park neighbors beginning at 8:45 a.m. Doors open and shopping officially begins at 9 a.m. The first 500 customers through the doors will receive a Whole Foods Market Gift Card with a mystery value between $5 and $50. One customer will receive a $500 gift card.

During the ceremony, The Oriental Institute will receive a $25,000 Healthy Kids Innovation grant from Whole Kids Foundation in partnership with United Health Foundation.

Whole Foods Market’s dedication to quality and service extends beyond the bricks and mortar of the store.

Whole Foods Market’s new store in Hyde Park will also empower Team Members and customers to support local causes. Several times a year, the store will hold community giving days, also known as “5% Days,” where 5 percent of a select day’s sales will be donated to a local nonprofit or educational organization. In celebration of the new location, the store will hold five “Days of Community Giving,” where 1 percent of each day’s sales will go towards five area organizations:

  • Hyde Park Art Center
  • Hyde Park Jazz Society
  • Hyde Park Neighborhood Club
  • Experimental Station
  • Hyde Park Historical Society

Another way Whole Foods Market will support the Hyde Park community is through its One Dime at a Time program which provides an incentive to customers who bring their own bags for shopping and helps develop stronger communities.  At the register, customers will have the option to receive a 10-cent per bag refund as cash back off their purchase or they can choose to donate it to that month’s selected charity organization. Whole Foods Market Hyde Park’s first One Dime at a Time recipient will be 62 Garden.

Whole Foods Market has 25 other Chicagoland stores: Gold Coast, Halsted, Lakeview, Lincoln Park, Sauganash, South Loop, Streeterville, DePaul, West Loop and Edgewater neighborhoods in Chicago; and the surrounding suburbs of: Deerfield, Elmhurst, three Evanston locations, Hinsdale, Kildeer, Naperville, Northbrook, Orland Park, Park Ridge, Schaumburg, River Forest, Wheaton and Willowbrook. Whole Foods Market Englewood opens Fall 2016

Press Contacts

Allison Phelps
Allison.Phelps@wholefoods.com
312.799.5600

Source: Whole Foods Market

USDA’S FSIS: The Grey Plume Provisions recalls 471 pounds of charcuterie meat products

WASHINGTON, 2016-May-06 — /EPR Retail News/ — The Grey Plume Provisions, LLC, an Omaha, Neb. establishment, is recalling approximately 471 pounds of charcuterie meat products that were produced, packaged, and distributed without the benefit of federal inspection, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The salami, soppressata, pepperoni, and chorizo items were packaged on multiple dates between Aug. 4, 2015 and Feb. 11, 2016.

The following products are subject to recall: [

  • 1-lb. packages of “Dill Black Pepper Salami” with Batch #008 and “Best if used by” date of Nov. 11, 2016 listed on the label.
  • 1-lb. packages of “Fennel Salami” with Batch #004, Batch #005, Batch #006, and/or Batch #007 and “Best if used by” dates of June 22, 2016, Sept. 30, 2016, and/or Oct. 1, 2016 listed on the label.
  • 1-lb. packages of “Pepperoni” with Batch #005 and “Best if used by” date of May 4, 2016 listed on the label.
  • 1-lb. packages of “Herbes De Provence Salami” with Batch #005, and/or Batch #006 and “Best if used by” dates of May 10, 2016 and/or Sept. 29, 2016 listed on the label.
  • 1-lb. packages of “Soppressata” with Batch #005 and “Best if used by” date of May 4, 2016 listed on the label.
  • 1-lb. packages of “Red Wine Garlic Salami” with Batch #005, and/or Batch #006 and “Best if used by” dates of May 4, 2016 and/or Sept. 30, 2016 listed on the label.
  • 1-lb. packages of “Gin and Juice Salami” with Batch #004 and “Best if used by” date of Sept. 26, 2016 listed on the label.
  • 1-lb. packages of “Chorizo” with Batch #006 and “Best if used by” date of Sept. 29, 2016 listed on the label.
  • 1-lb. packages of “Kaffir Lime Salami” with Batch #002, Batch #004, and/or Batch #005 and “Best if used by” dates of July 26, 2016, March 26, 2016 and/or Oct. 21, 2016 listed on the label.

The products subject to recall do not bear the USDA mark of inspection and were shipped to wholesale locations in Iowa and Nebraska.

FSIS was alerted of charcuterie meat products produced without the benefit of federal inspection by the Iowa Department of Agriculture.

There have been no confirmed reports of adverse reactions due to consumption of these products. Anyone concerned about a reaction 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 Provisions by The Grey Plume at (402) 934-7690.

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 l0 a.m. to 4 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: http://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
Kristen Booze
(202) 720-9113
Press@fsis.usda.gov

Source: USDA

Macerich CEO Arthur Coppola: The first quarter reflected continued strong performance

SANTA MONICA, Calif., 2016-May-06 — /EPR Retail News/ — The Macerich Company (NYSE Symbol: MAC) today announced results of operations for the quarter ended March 31, 2016, which included funds from operations (“FFO”)  diluted of $141.0  million or $.87 per share-diluted compared to $133.5 million or $.79 per share-diluted for the quarter ended March 31, 2015.

Net income attributable to the Company was $421 million or $2.76 per share-diluted for the quarter ended March 31, 2016 compared to net income attributable to the Company for the quarter ended March 31, 2015 of $24.6 million or $.15 per share-diluted.   Included in net income in the first quarter of 2016 results is a $434 million or $2.67 per share of gain, primarily from the sale of joint venture interests in four malls during the quarter.

A description and reconciliation of FFO per share-diluted to EPS-diluted is included in the financial tables accompanying this press release.

Results and Capital Highlights:

  • Mall tenant annual sales per square foot for the portfolio were $625 for the year ended March 31, 2016 compared to $607 for the year ended March 31, 2015.
  • The releasing spreads for the year ended March 31, 2016 were up 15.4%.
  • Mall portfolio occupancy was 95.1% at March 31, 2016 compared to 95.4% at March 31, 2015.
  • On March 1, 2016 the Company, in a 50/50 joint venture, closed on the purchase of Country Club Plaza in Kansas City, MO. The total purchase price was $660 million and the Company’s pro rata share of the purchase price was $330 million.
  • On April 13, 2016 the Company sold Capitola Mall for $93 million.
  • On April 19, 2016 the Company completed an accelerated stock repurchase program resulting in the retirement of 5.1 million shares of the Company at an average cost of $78.69.

“The first quarter reflected continued strong performance, as evidenced by the strength of our portfolio’s key operating metrics,” said Arthur Coppola, chairman and chief executive officer of Macerich.

“Furthermore, we were able to return capital to stockholders and continue to reinvest in our best assets at what we firmly believe is a significant discount to underlying property value through stock repurchases.

Looking ahead, the Company remains keenly focused on driving strong same-center net operating income growth, executing on its value-add redevelopment pipeline and achieving superior stockholder returns.”

Joint Ventures, Special Dividends and Stock Repurchase
In October, 2015 and January, 2016 the Company closed on previously announced joint ventures that included contributing eight properties, valued at$5.4 billion (at 100%), into separate joint ventures with GIC (40% interest in five assets) and Heitman (49% interest in three assets).

Cash proceeds to Macerich from the transactions totaled $2.3 billion, which included $1.1 billion of excess financing proceeds.  Part of the cash proceeds from the joint ventures was used in December, 2015 and January, 2016 to pay two special dividends of $2.00 each.

In addition, the Company has used a portion of the joint venture proceeds to complete a total of $800 million of share repurchases under the Company’s recently authorized $1.2 billion share repurchase program.

During a period from November 13, 2015 to January 19, 2016 the Company repurchased 5.11 million shares of Macerich common stock at an average share price of $78.26.  From the period of February 18, 2016 to April 19, 2016 the Company retired 5.08 million shares at an average price of $78.69.

Financing Activity:
Subsequent to the closing of the purchase of Country Club Plaza, a $320 million 10 year fixed rate loan with an interest rate of 3.85% was placed on the asset.

The Company has committed to a $375 million loan on The Shops at North Bridge.  The loan is a 12 year fixed rate loan with an interest rate of 3.68% that is expected to close in May, 2016.  It will pay off the existing loan of $189 million that has an interest rate of 7.50%.

2016 Earnings Guidance:
Management is reaffirming its previous estimate of diluted EPS and FFO per share guidance for 2016. A reconciliation of estimated EPS to FFO per share-diluted follows:
The only major assumption that changed in the guidance is that the sale of Capitola Mall in April and its dilutive impact on FFO has now been considered in the above guidance range.

Details of the guidance assumptions are included in the Company’s Form 8-K supplemental financial information.
Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 55 million square feet of real estate consisting primarily of interests in 50 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona,Chicago, and the New York Metro area to Washington DC corridor.

Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

Investor Conference Call
The Company will provide an online Web simulcast and rebroadcast of its quarterly earnings conference call.  The call will be available on The Macerich Company’s website at www.macerich.com (Investors Section).

The call begins Wednesday, May 4, 2016 at 10:30 AM Pacific Time. To listen to the call, please go to the website at least 15 minutes prior to the call in order to register and download audio software if needed. An online replay at www.macerich.com (Investors Section) will be available for one year after the call.

The Company will publish a supplemental financial information package which will be available at www.macerich.com in the Investors Section.  It will also be furnished to the SEC as part of a Current Report on Form 8-K.

Note:  This release contains statements that constitute forward-looking statements which can be identified by the use of words, such as  “expects,” “anticipates,” “assumes,” “projects,” “estimated” and “scheduled” and similar expressions that do not relate to historical matters.

Stockholders are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to vary materially from those anticipated, expected or projected.

Such factors include, among others, general industry, as well as national, regional and local economic and business conditions, which will, among other things, affect demand for retail space or retail goods, availability and creditworthiness of current and prospective tenants, anchor or tenant bankruptcies, closures, mergers or consolidations, lease rates, terms and payments, interest rate fluctuations, availability, terms and cost of financing and operating expenses; adverse changes in the real estate markets including, among other things, competition from other companies, retail formats and technology, risks of real estate development and redevelopment, acquisitions and dispositions;

the liquidity of real estate investments, governmental actions and initiatives (including legislative and regulatory changes); environmental and safety requirements; and terrorist activities or other acts of violence which could adversely affect all of the above factors.

The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2015, for a discussion of such risks and uncertainties, which discussion is incorporated herein by reference.

The Company does not intend, and undertakes no obligation, to update any forward-looking information to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events unless required by law to do so.

Contact:
Jean Wood
VP of Investor Relations,
310-394-6000

Source: The Macerich Company

 

 

 

 

Forever 21 Summer 2016 collection features rising model-musician-sister duo Pyper Smith and Daisey Clementine of The Atomics

LOS ANGELES, CA , 2016-May-06 — /EPR Retail News/ — Forever 21, one of the most recognized and largest independent fashion retailers in the world, debuts its Summer 2016 collection and campaign globally featuring rising model-musician-sister duo, Pyper Smith and Daisey Clementine of The Atomics.

The campaign pays homage to the iconic fashion era of the ‘90s, and Pyper Smith and Daisey Clementine trigger nostalgia through their carefree spirit and playful attitude. The collection provides a chic modern twist on the decade that is synonymous with grunge-punk trends offering tattoo choker necklaces, cropped cuts, tie-dye, daisy and sunflower prints, acid wash denim, and overalls.

The women’s collection features colorful and neutral prints and patterns for free-spirited girls who like to have fun with dresses that have attitude; lightweight knits to keep you warm on cool summer nights; attention grabbing swimwear; cropped knit tops that can be dressed up or down; and denim in mini skirts, cut-off shorts, button-up shirts, and jeans.

The men’s collection features summer wardrobe basics that let denim be the focal point of the outfit with basic tees, marled gray hoodies and distressed denim in jackets, jeans, shirts, and shorts.

The Forever 21 Summer 2016 collection will inspire you to throw on your favorite outfit and head to a beach getaway, summer concert, or outdoor party.

The Forever 21 Summer Collection will launch in stores globally and on Forever21.com beginning Friday, April 22, 2016.

ABOUT FOREVER 21

Forever 21, Inc., headquartered in Los Angeles, California, is a fashion retailer of women’s, men’s and kids clothing and accessories and is known for offering the hottest, most current fashion trends at a great value to consumers. This model operates by keeping the store exciting with new merchandise brought in daily.

Founded in 1984, Forever 21 operates more than 730 stores in 48 countries with retailers in the United States, Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Israel, Japan, Korea, Latin America, Mexico, Philippines and United Kingdom.

For more information please visit: www.newsroom.forever21.com

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Forever 21 Summer 2016 collection features rising model-musician-sister duo Pyper Smith and Daisey Clementine of The Atomics

 

CONTACT INFORMATION

Ingles Markets, Incorporated to provide webcast of its second quarter earnings conference call on May 9, 2016

ASHEVILLE, N.C., 2016-May-04 — /EPR Retail News/ — Ingles Markets, Incorporated (NASDAQ: IMKTA) will provide an online, real-time webcast and rebroadcast of its second quarter earnings conference call on May 9, 2016. Ingles plans to release earnings for its second quarter ended March 26, 2016, on May 9, 2016.

The live broadcast of Ingles Markets’ quarterly conference call will be available on-line at:  www.ingles-markets.com on May 9, 2016 beginning at 10:00 a.m. (Eastern Time).  The online replay will follow immediately and continue for 90 days.  To hear the Company’s conference call live, dial 719-325-2463. A replay will be available from 12:00 p.m. (Eastern Time) on May 9, 2016 until 12:00 p.m. (Eastern Time) on May 18, 2016.  To listen to the playback, call 719-457-0820, reservation number 5968424.

About Ingles Markets, Incorporated

Ingles Markets, Incorporated is a leading supermarket chain with operations in six southeastern states. Headquartered in Asheville, North Carolina, the Company operates 202 supermarkets. In conjunction with its supermarket operations, the Company operates neighborhood shopping centers, most of which contain an Ingles supermarket. The Company also owns a fluid dairy facility that supplies Company supermarkets and unaffiliated customers. The Company’s Class A Common Stock is traded on The NASDAQ Stock Market’s Global Select Market under the symbol IMKTA. For more information, visit Ingles’ website www.ingles-markets.com.

Contact:
Ron Freeman
Chief Financial Officer
(828) 669-2941 (Ext. 223)

Source: Ingles