Martha Stewart teams up with Jack in the Box to kick-off the ultimate “foodie feud” during Sunday’s big game

NEW YORK, 2018-Jan-31 — /EPR Retail News/ — Sequential Brands Group, Inc. (Nasdaq:SQBG) announced today (Jan. 30, 2018) that Martha Stewart is teaming up with Jack in the Box to kick-off the ultimate “foodie feud” during Sunday’s big game.

The Super Bowl spot, which was shot in the studios at Sequential Brand Group’s headquarters, is just the beginning of the social media battle between Martha Stewart and Jack Box. Viewers are encouraged to follow #JackvsMartha after the commercial airs to see how this brawl unfolds.

“We’re thrilled that Martha will be part of the Super Bowl commercial line-up again this year. It is such an incredible opportunity to reach an audience of that magnitude – underscoring the strength and popularity of her brand and its strong connection with consumers,” said Sequential Brands Group CEO Karen Murray.

Martha Stewart is one of the most high-profile celebrities in recent history to be featured in a Jack in the Box commercial. From menu variety to a one-of-a-kind marketing approach, Jack in the Box is best known for challenging convention. Partnering with Stewart continues the brand’s trend of delivering unexpected experiences to fans.

About Martha Stewart
Martha Stewart is an Emmy Award-winning television show host, entrepreneur, bestselling author of 90 books, and America’s most trusted lifestyle expert and teacher. Millions of people rely on Martha Stewart as a source of useful “how-to” information for all aspects of everyday living – cooking, entertaining, gardening, home renovating, collecting, organizing, crafting, holidays, healthy living and pets. The Martha Stewart brand reaches approximately 100 million consumers across all media and merchandising platforms each month. Her branded products can be found in over 70 million households and have a growing retail presence in thousands of locations.

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, which includes the Martha Stewart media and merchandising properties. 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. To inquire about licensing opportunities, please email: newbusiness@sbg-ny.com.

About Jack in the Box Inc.
Jack in the Box Inc. (NASDAQ:JACK), based in San Diego, is a restaurant company that operates and franchises Jack in the Box® restaurants, one of the nation’s largest hamburger chains, with more than 2,200 restaurants in 21 states and Guam. Additionally, through a wholly owned subsidiary, the company operates and franchises QDOBA MEXICAN EATS®, a leader in fast-casual dining, with more than 700 restaurants in 47 states, the District of Columbia and Canada. For more information on Jack in the Box and QDOBA, including franchising opportunities, visit www.jackinthebox.com or www.qdoba.com.

Media Contacts:

Magrino Leigh Ann Ambrosi/ Mary Blanton Ogushwitz
T: 212-672-0353/212-259-0534
E: lambrosi@smapr.com / mary.blanton@smapr.com

Source: Sequential Brands Group, Inc./globenewswire

CBRE Group completes acquisition of project management and design engineering provider Heery International, Inc.

Los Angeles, 2017-Nov-01 — /EPR Retail News/ — CBRE Group, Inc. (NYSE: CBG) today (October 30, 2017) announced it has completed its previously-announced acquisition of Heery International, Inc. (Heery), the project management and design engineering business of the international infrastructure group, Balfour Beatty LLC.

Heery, based in Atlanta, is a leader in providing project management, design and commissioning services across the U.S., with a wide range of corporate, government, healthcare, sports, aviation and education clients.

“This acquisition advances our strategy to grow our project management expertise and capabilities.  Heery has a strong track record of client service with many longstanding relationships spanning decades,“ said Mike Lafitte, CBRE’s Global Group President, Lines of Business. “Their deep project management expertise and strong leadership team are a great complement to CBRE’s existing capabilities in both our local market and account-based project management services.”

“We are particularly excited about Heery’s ability to deepen our relationships in the public and educational sectors, grow our position in such new vertical segments as aviation and sports, and add capabilities and expertise in design engineering services,” he added.

Heery will continue to be led by senior executives Ted Sak and Glenn Jardine.  Heery’s professionals will collaborate closely with CBRE’s project management teams who deliver services in local markets across the U.S. as well as its professionals who execute account-based project management programs through its occupier outsourcing business line, Global Workplace Solutions.

“We believe our expertise is a great fit with CBRE’s focus on delivering comprehensive, fully integrated commercial real estate solutions,” said Mr. Jardine. “We look forward to working with our new CBRE colleagues across the country to provide these solutions to a broader range of corporate and institutional clients than ever before and achieving further growth in our core markets.”

Founded in 1952, Heery has approximately 535 employees in 19 U.S. offices, providing services including project management, architecture, engineering, interior design, and commissioning.

CBRE maintains the largest network of professional commercial real estate project managers worldwide. Its more than 5,000 specialists, including 350+ LEED-certified professionals, oversaw projects with a total contract value of more than $42 billion worldwide in 2016.

Forward-Looking Statements
Certain of the statements in this release regarding the acquisition of Heery International Inc. (Heery) that do not concern purely historical data are forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our management’s expectations and beliefs concerning future events affecting us and are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including, but not limited to, our ability to successfully integrate Heery professionals with our existing project management operations in the U.S., as well as other risks and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements and other risks and uncertainties to our business in general, please refer to our SEC filings, including our Form 10-K for the fiscal year ended December 31, 2016, and our Form 10-Q for the quarter ended June 30, 2017. Such filings are available publicly and may be obtained from our website at www.cbre.com or upon request from the CBRE Investor Relations Department at investorrelations@cbre.com.

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 2016 revenue). The company has more than 75,000 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.

Gymboree emerges from Chapter 11 as a new corporation under the name Gymboree Group, Inc.

Emerges from Chapter 11 Process Well-Positioned for Long-Term Growth and Success

San Francisco, CA, 2017-Oct-03 — /EPR Retail News/ — The Gymboree Corporation today announced that it has successfully completed its financial restructuring and emerged from Chapter 11 as a new corporation under the name Gymboree Group, Inc. (the “Company” or “Gymboree Group”). The Company’s court-confirmed Plan of Reorganization (the “Plan”) went into effect today, September 29, 2017. With the support of its creditors and stakeholders, Gymboree Group has substantially improved its financial position and established a sustainable capital structure by eliminating more than $900 million of debt from its balance sheet and right-sizing its store footprint.

Gymboree Group’s new competitive financial and operating structure will allow the Company to invest in and grow the business over the long term. The Company has received an $85 million new term loan from Goldman Sachs and access to a $200 million revolving credit facility from Bank of America Merrill Lynch and Citizens. Gymboree Group’s pre-petition term loan lenders – including Searchlight, Apollo Global Management, Oppenheimerfunds, Brigade Capital Management, LP, Marblegate, Nomura Securities International and Tricadia Capital Management, LLC – are the Company’s new owners.

“Today marks a new beginning for Gymboree Group as we emerge as a stronger and more agile competitor in the children’s apparel market,” said Daniel Griesemer, President and CEO of Gymboree Group. “With the support of our new equity owners, this process has allowed us to secure the Company’s long-term financial health, and we are excited about the opportunities ahead as we turn our full focus toward executing our strategic Product, Brand and Omni-channel initiatives. I want to thank our exceptional team at Gymboree Group for their dedication and continued focus throughout this process.

Looking ahead, our talented employees will continue to drive our success as we deliver for our customers and put them at the center of everything we do. We are also grateful for the support of our vendors and partners during this process, and we look forward to working together well into the future.”

Kirkland & Ellis LLP is serving as the Company’s legal counsel, AlixPartners LLP is serving as its financial advisor and Lazard is serving as its investment banker.

Additional information regarding Gymboree Group’s financial restructuring, including court filings and information about the claims process, are available at https://cases.primeclerk.com/gymboree or by calling Gymboree Group’s claims agent, Prime Clerk, at 844-822-9233 (or 646-486-7945 for international calls) or by sending an email to gymboreeinfo@PrimeClerk.com.

About Gymboree Group, Inc.
Gymboree Group, Inc.’s specialty retail brands offer unique, high-quality products delivered with personalized customer service. The Company operates Gymboree®, Gymboree Outlet, Janie and Jack® and Crazy 8® retail stores in the United States, Canada and Puerto Rico as well as online stores at www.gymboree.com, www.janieandjack.com and www.crazy8.com.

Forward-Looking Statements
This press release includes forward-looking statements, including the Company’s expectations regarding the results of its restructuring process and its liquidity, access to capital and business operations following
its emergence from bankruptcy proceedings. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project” and other words of similar meaning. Each forward-looking statement contained in this press release is based on assumptions and information available to the Company at the time of this press release. Forward-looking statements involve risks and uncertainty, including, but not limited to, risks and uncertainties associated with the business and operations of the restructured Company and the ability of the Company to obtain and maintain normal terms with customers, suppliers and service providers following its emergence from bankruptcy proceedings. The Company’s actual results could differ materially from those expressed in, or implied by, the forward looking statements. The Company can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if they do, what impact they will have on the Company’s results of operations and financial condition. The Company cautions investors to carefully consider the risks associated with, and not to place considerable reliance on, the forward-looking statements contained in this press release. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof except as required by law. All forward-looking statements are qualified in their entirety by this cautionary statement.

Gymboree, Janie and Jack, and Crazy 8 are registered trademarks of Gym-Mark, Inc., a wholly owned subsidiary of Gymboree Group, Inc.

Gymboree Group, Inc. Contacts
Leigh Parrish / Joe Millsap
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449 / (415) 869-3950

Macy’s, Inc. to host national holiday hiring event from Sept. 28-Sept. 29; will hire 80,000 seasonal associates

CINCINNATI, 2017-Sep-21 — /EPR Retail News/ — Macy’s, Inc. (NYSE:M) today announced plans to hire approximately 80,000 seasonal associates for positions at its Macy’s and Bloomingdale’s stores, call centers, distribution centers and online fulfillment centers nationwide for the 2017 Christmas and holiday season.

The company also announced its national holiday hiring event, expanding to two days this year: Thursday, Sept. 28, 11 a.m. – 8 p.m., and Friday, Sept. 29, 11 a.m. – 6 p.m., in local time zones. Job candidates can visit all Macy’s, Bloomingdale’s and Macy’s Backstage stores, as well as the company’s call centers and distribution and fulfillment centers. Each location’s hiring event offers a warm welcome to candidates and a comfortable hiring experience.

To discover open positions and opportunities for on-site interviews, candidates should apply in advance at macysJOBS.com or bloomingdalesJOBS.com. Positions in all facilities and stores nationwide are searchable on the easy-to-navigate hiring sites. Candidates who submit applications online will receive a response via e-mail.

“Macy’s greatest strength is our talent, and our associates, who directly engage with our customers, play a major role in our success. During the holiday season, Macy’s and Bloomingdale’s shoppers appreciate our higher staffing levels wherever they connect with us – in stores, online and mobile, or by phone, and our associates love the income-earning opportunity,” said Jeff Gennette, Macy’s, Inc. chief executive officer. “We first offer current associates the opportunity to work extra hours over the holidays, and then add to our workforce with seasonal hires. We also employ students, retirees and individuals from many walks of life who wish to supplement their income and benefit from receiving a merchandise discount. We are proud to offer them this opportunity to work in a fun, fast-paced and collegial environment.”

Macy’s, Inc.’s 2017 seasonal hiring plan includes the following:

  • About 18,000 of the 80,000 total seasonal positions will be based in direct-to-consumer fulfillment facilities that support sales generated by the company’s omnichannel business strategy. This is an increase of 3,000 positions compared to 2016. These positions are located in megacenters in Goodyear, AZ; Cheshire, CT; Tulsa, OK; Portland, TN; and Martinsburg, WV, as well as in product-specific fulfillment centers in Sacramento, CA; Stone Mountain, GA; Secaucus, NJ; and Joppa, MD.
  • Approximately 1,000 associates will be hired to interact with customers via telephone, email and online chat at customer service centers in Mason, OH; Clearwater, FL; and Tempe, AZ.
  • More than 1,000 people will be hired across the country to support the 91st annual Macy’s Thanksgiving Day Parade, Santalands and other iconic holiday events.

Seasonal associates at Macy’s and Bloomingdale’s serve customers on the selling floor, work in store operations positions, interact with customers via call centers, and staff the distribution and fulfillment centers that coordinate shipments to stores and directly to customers who buy online or via mobile. Macy’s, Inc. is one of the largest online retailers in America. Most seasonal positions are part-time, often with flexibility to fit the availability of the individuals hired.

“The overall number of seasonal associates is in line with our streamlined store base. By increasing the number of associates in our direct-to-consumer fulfillment facilities, we’re ensuring our customers get the service and seamless omnichannel experience they want during this important time of year,” concluded Gennette.

About Macy’s, Inc.

Macy’s, Inc. is one of the nation’s premier retailers. With fiscal 2016 sales of $25.778 billion and approximately 140,000 employees, the company operates more than 700 department stores under the nameplates Macy’s and Bloomingdale’s, and approximately 150 specialty stores that include Bloomingdale’s The Outlet, Bluemercury and Macy’s Backstage. Macy’s, Inc. operates stores in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com, bloomingdales.com and bluemercury.com. Bloomingdale’s stores in Dubai and Kuwait are operated by Al Tayer Group LLC under license agreements. Macy’s, Inc. has corporate offices in Cincinnati, Ohio, and New York, New York.

(NOTE: Additional information on Macy’s, Inc., including past news releases, is available at www.macysinc.com/pressroom)

Media:
Blair Fasbender Rosenberg
646-429-6032

Investors:
Monica Koehler
513-579-7780

Source: Macy’s, Inc.

Macy’s, Inc. to report its 2Q 2017 sales and earnings on Thursday, August 10, 2017

CINCINNATI, 2017-Jul-31 — /EPR Retail News/ — Macy’s, Inc. (NYSE:M) is scheduled to report its second quarter 2017 sales and earnings before the opening of financial markets on Thursday, August 10, 2017.

The company will webcast a call with financial analysts and investors that day at 10 a.m. ET. Macy’s, Inc.’s webcast is accessible to the media and general public via the company’s website at www.macysinc.com. Analysts and investors may call in on 1-888-394-8218, passcode 2124355. A replay of the conference call can be accessed on the website or by calling 1-888-203-1112 (same passcode) about two hours after the conclusion of the call.

About Macy’s, Inc.

Macy’s, Inc. is one of the nation’s premier retailers. With fiscal 2016 sales of $25.778 billion and approximately 140,000 employees, the company operates more than 700 department stores under the nameplates Macy’s and Bloomingdale’s, and approximately 125 specialty stores that include Bloomingdale’s The Outlet, Bluemercury and Macy’s Backstage. Macy’s, Inc. operates stores in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com, bloomingdales.com and bluemercury.com. Bloomingdale’s stores in Dubai and Kuwait are operated by Al Tayer Group LLC under license agreements. Macy’s, Inc. has corporate offices in Cincinnati, Ohio, and New York, New York.

(NOTE: Additional information on Macy’s, Inc., including past news releases, is available at www.macysinc.com/pressroom)

Macy’s Media:
Claudia Gray
212-333-3810

Macy’s Investors:
Monica Koehler
513-579-7780

Source: Macy’s, Inc.

Coach, Inc. completes acquisition of Kate Spade & Company for $18.50 per share in cash

NEW YORK, 2017-Jul-14 — /EPR Retail News/ — Coach, Inc. (NYSE:COH) (SEHK:6388), a leading New York-based house of modern luxury accessories and lifestyle brands, today announced that it has completed the acquisition of Kate Spade & Company (NYSE:KATE) for $18.50 per share in cash for a total transaction value of $2.4 billion.

The tender offer by a subsidiary of Coach, Inc. for all the outstanding shares of Kate Spade & Company expired, as scheduled, at 5 p.m. EDT on July 10, 2017. Following its acceptance of the shares tendered, Coach, Inc. caused the merger of its subsidiary with and into Kate Spade & Company. As a result, Kate Spade & Company has become a wholly owned subsidiary of Coach, Inc. In connection with the merger, all eligible Kate Spade & Company shares not tendered have been canceled and converted into the right to receive $18.50 per share in cash, the same price per share offered in the tender offer. In addition, all Kate Spade & Company shares will cease to be traded on the New York Stock Exchange as of July 12, 2017.

Strategic Rationale

The combination of Coach, Inc. and Kate Spade & Company creates a leading luxury lifestyle company with a more diverse multi-brand portfolio supported by significant expertise in handbag design, merchandising, supply chain and retail operations as well as solid financial acumen. Coach’s history and heritage, multi-channel, international distribution model, and seasoned leadership team uniquely position it to drive long-term sustainable growth for Kate Spade.

Transaction Details

As previously announced, the $2.4 billion purchase price has been funded by a combination of senior notes, bank term loans and excess Coach cash.

Next Scheduled Announcement

Based on the timing of this transaction, the Company now expects to report fourth quarter financial results on Tuesday, August 15, 2017. To receive notification of future announcements, please register at www.coach.com/investors (“Subscribe to E-Mail Alerts”).

About Coach, Inc.

Coach, Inc. is a leading New York-based house of modern luxury accessories and lifestyle brands. The Coach brand was established in New York City in 1941, and has a rich heritage of pairing exceptional leathers and materials with innovative design. Coach is sold worldwide through Coach stores, select department stores and specialty stores, and through Coach’s website at www.coach.com. In 2015, Coach acquired Stuart Weitzman, a global leader in designer footwear, sold in more than 70 countries and through its website at www.stuartweitzman.com. Coach, Inc.’s common stock is traded on the New York Stock Exchange under the symbol COH and Coach’s Hong Kong Depositary Receipts are traded on The Stock Exchange of Hong Kong Limited under the symbol 6388.

About Kate Spade & Company

Kate Spade & Company operates principally under two global, multichannel lifestyle brands: kate spade new york and Jack Spade New York™. The four category pillars – women’s, men’s, children’s and home – span demographics, genders and geographies. Known for crisp color, graphic prints and playful sophistication, kate spade new york aims to inspire a more interesting life. The kate spade new york collection includes the Madison Avenue, Broome Street and on purpose labels. Jack Spade New York offers a timeless and versatile assortment of bags, sportswear and tailored clothing founded on the aesthetic of simple, purposeful design. Adelington Design Group, a private brand jewelry design and development group, is also under ownership. Visit www.katespadeandcompany.com for more information.

Neither the Hong Kong Depositary Receipts nor the Hong Kong Depositary Shares evidenced thereby have been or will be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to, or for the account of, a U.S. Person (within the meaning of Regulation S under the Securities Act), absent registration or an applicable exemption from the registration requirements. Hedging transactions involving these securities may not be conducted unless in compliance with the Securities Act.

Cautionary Statement Regarding Forward-Looking Statements

This report may contain “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “position,” “believe,” “seek,” “see,” “will,” “would,” “target,” similar expressions, and variations or negatives of these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Such statements involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of Coach, Inc. and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any statements regarding the expected benefits and costs of the acquisition of Kate Spade & Company discussed herein. Risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected; that Kate Spade & Company’s business may not perform as expected due to transaction related uncertainty or other factors; that the parties may be unable to successfully implement integration strategies; and other risks that are described in Coach, Inc.’s latest Annual Report on Form 10-K and its other filings with the SEC. Coach, Inc. assumes no obligation and does not intend to update these forward-looking statements.

Source: Coach, Inc.

Coach:
Analysts & Media:
Andrea Shaw Resnick, 212-629-2618
Global Head of Investor Relations and Corporate Communications
AResnick@coach.com
or
Christina Colone, 212-946-7252
Senior Director, Investor Relations
CColone@coach.com

Rakuten Card launches two special FC Barcelona Credit Cards this Autumn 2017

Cards commemorate partnership between Rakuten, Inc. and FC Barcelona 

https://www.rakuten-card.co.jp/card/design/fcbarcelona/

TOKYO, Japan, 2017-Jul-14 — /EPR Retail News/ — Rakuten Card Co., Ltd. today announced that Rakuten Card will issue two special FC Barcelona Credit Cards from fall 2017 to celebrate the partnership between Rakuten, Inc. and FC Barcelona.

Rakuten, Inc. became FC Barcelona’s Main Global Partner and Official Innovation & Entertainment Partner from Jul. 1. Based on that agreement, Rakuten Card will issue Rakuten Cards that will be the only official credit cards in Japan to employ FC Barcelona designs. Users will be able to choose between two types of card face designs: FC Barcelona Emblem Design, featuring a striped emblem in FC Barcelona’s club colors of blue and deep red; and FC Barcelona Player Design, featuring photos of five of the club’s leading players (*). Applications for the cards will be accepted from fall.

Since being first issued in July 2005, Rakuten Card has grown in popularity thanks to features such as no annual membership fee, a high point reward rate and the ability to utilize the points earned to pay for various Rakuten Group services. The card received the top customer satisfaction score in the credit card category of the FY2016 Japanese Consumer Satisfaction Index (JCSI) Survey for the eighth year in succession.

Rakuten Card will continue striving to further boost customer satisfaction by enhancing its credit card services and features in the future.

Service Overview

■ Name: Rakuten Card (FC Barcelona Player Design),
Rakuten Card (FC Barcelona Emblem Design)

■ Application / issuance date (scheduled): Fall 2017
*Details will be published on Rakuten Card’s website at a later date

■URL: https://www.rakuten-card.co.jp/card/design/fcbarcelona/

■ Details: Point reward rate: 1% or more

[Rakuten Super Point Privileges]
(1) 1 point per 100 yen will be granted when using the Rakuten Card to pay for everyday shopping and public utilities charges.
(2) While the Super Point Up Program is being held, purchases made on Rakuten Ichiba will earn four times the points.

– Annual membership fee: Permanently free
– Brands: Mastercard, JCB
– Family cards: Free
– ETC: 500 yen (excluding tax)
– Insurance: Overseas travel accident insurance: 20 million yen (maximum)

SOURCE: Rakuten, Inc.

Kenko.com and Soukai Drug merge to form Rakuten Direct, Inc.

Tokyo, 2017-Jun-13 — /EPR Retail News/ — Rakuten Inc. today (JUNE 12, 2017) announced that the new company to be formed through the merger of Rakuten’s wholly-owned subsidiaries Kenko.com, Inc. and Soukai Drug. Co., Ltd. on July 1, 2017 will be named Rakuten Direct, Inc. Noriaki Komori will assume the role of Representative Director & CEO at the new company.

Rakuten Direct, Inc. will provide e-commerce services for daily necessities. Through this merger, the new company will strive to realize improved efficiency in logistics infrastructure and information systems, expand the range of products offered and further improve customer service.

Overview of the new company

Name Rakuten Direct, Inc.
Location 1-15-6 Tenjin Chuo-ku, Fukuoka-shi, Fukuoka
Name, title of representative Noriaki Komori, Representative Director & CEO
Business E-commerce services for daily necessities

Source: Rakuten Inc.

The Bon-Ton Stores, Inc. to release its 1Q FY2017 financial results on Thursday, May 18, 2017

YORK, Pa., 2017-May-06 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ:BONT) today (May 4, 2017) announced that its financial results for the first quarter fiscal 2017 will be released on Thursday, May 18, 2017. The company will host a conference call at 10:00 a.m. eastern time to discuss the financial results, followed by a question and answer session.

Investors and analysts interested in participating in the call are invited to dial (888) 428-9498 at 9:55 a.m. eastern time. A taped replay of the conference call will be available within two hours of the conclusion of the call and will remain available through Thursday, May 25, 2017. The number to call for the taped replay is (844) 512-2921 and the replay PIN is 5341864. The conference call will also be broadcast on the company’s website at http://investors.bonton.com. An online archive of the webcast will be available within two hours of the conclusion of the call.

About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 261 stores, which includes nine furniture galleries and four clearance centers, in 25 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves. For further information, please visit http://investors.bonton.com.

SOURCE: The Bon-Ton Stores, Inc.

Contact

Investor Relations:
Jean Fontana
ICR, Inc.
646-277-1214
jean.fontanta@icrinc.com

News Provided by Acquire Media

 

Barnes & Noble appoints Demos Parneros to CEO

Barnes & Noble appoints Demos Parneros to CEO

NEW YORK, 2017-May-01 — /EPR Retail News/ — Barnes & Noble, Inc. (NYSE:BKS), today (April 27, 2017) announced the promotion of Demos Parneros to Chief Executive Officer and a member of the Company’s Board of Directors, effective immediately. Commensurate with the appointment of Mr. Parneros, Leonard Riggio will step down as CEO and remain Chairman of the Board of Directors.

“It has become abundantly clear over the last five months that Demos is a perfect fit for our Company and an outstanding choice for Chief Executive Officer,” said Leonard Riggio. “He is highly respected by our Board of Directors and our leadership team, and I believe Demos is fully prepared to help foster a new era of growth for Barnes & Noble.”

Mr. Parneros has been Chief Operating Officer of Barnes & Noble since November 2016. He joined the Company with 30 years of leadership experience in all aspects of retail management, including operations, human resources, merchandising, e-commerce, marketing and real estate. Prior to joining the Company, Mr. Parneros served as President, North American Stores & Online at Staples, Inc. He joined Staples in 1987 as a General Manager and worked his way up the ranks through multiple management positions, including Senior Vice President Mid-Atlantic Operations, President, US Stores, President, US Retail, and President North American Stores & Online, where he was responsible for a team of 50,000 associates and 1,800 stores and Staples’ online business. Mr. Parneros has been a director of KeyCorp since January 2014 and a director at Modell’s Sporting Goods since July 2009. He received his B.S. from New York University and graduated from Harvard Business School’s Advanced Management Program. He can be found on the following social media platforms: Facebook, Instagram and Twitter.

About Barnes & Noble, Inc.

Barnes & Noble, Inc. (NYSE:BKS) is a Fortune 500 company, the nation’s largest retail bookseller, and a leading retailer of content, digital media and educational products. The Company operates 634 Barnes & Noble bookstores in 50 states, and one of the Web’s premier e-commerce sites, BN.com (www.bn.com). The Nook Digital business offers a lineup of popular NOOK® tablets and eReaders and an expansive collection of digital reading and entertainment content through the NOOK Store®. The NOOK Store features more than 4.5 million digital books in the US (www.nook.com), plus periodicals and comics, and offers the ability to enjoy content across a wide array of popular devices through Free NOOK Reading Apps™ available for Android™, iOS® and Windows®.

General information on Barnes & Noble, Inc. can be obtained by visiting the Company’s corporate website at www.barnesandnobleinc.com.

Barnes & Noble®, Barnes & Noble Booksellers® and Barnes & Noble.com® are trademarks of Barnes & Noble, Inc. or its affiliates. NOOK® and the NOOK logos are trademarks of Nook Digital, LLC or its affiliates.

For more information on Barnes & Noble, follow us on Twitter, Instagram, Pinterest and Snapchat (bnsnaps), and like us on Facebook. For more information on NOOK, follow us on Twitter and like us on Facebook.

BKS – Financial

SOURCE: Barnes & Noble, Inc.

Contacts:

Media
Mary Ellen Keating, 212-633-3323
Senior Vice President
Corporate Communications
mkeating@bn.com
or
Investors
Andy Milevoj, 212-633-3489
Vice President
Investor Relations
amilevoj@bn.com

News Provided by Acquire Media

Rakuten subsidiaries Kenko.com, Inc. and Soukai Drug Co., Ltd. to merge

Tokyo, 2017-Apr-03 — /EPR Retail News/ — Rakuten, Inc. today (March 31, 2017) announced that its wholly-owned subsidiaries Kenko.com, Inc. and Soukai Drug Co., Ltd. will be merged on July 1, 2017. Following this merger, Noriaki Komori will assume on the role of Representative Director & CEO at the new company.

Both companies are e-commerce businesses selling daily necessities, and both have stores on Rakuten’s internet shopping mall, Rakuten Ichiba. The merger will unify the two companies, which have highly similar business structures, to enable more efficient operations and further enhance the Rakuten Ichiba customer experience.

Rakuten Group will continue to streamline management resources and strengthen operation fundamentals in order to provide the best possible service to users.

Summary of merger

(1)   Schedule

Merger resolution at the shareholders’ meeting:  Kenko.com, Inc.: March 31, 2017
Soukai Drug Co., Ltd.: March 27, 2017
Date of merger: July 1, 2017 (scheduled)

(2) Merger method
Kenko.com will be the surviving company under absorption-type merger, and Soukai Drug Co., Ltd. will be absorbed.
Overview of companies in merger

Company name Kenko.com, Inc.
(Company surviving absorption-type merger)
Soukai Drug Co., Ltd.
(Company absorbed in absorption-type merger)
Address 1-15-6 Tenjin

Chuo-ku, Fukuoka-shi

Fukuoka

Kojimachimitsuba Bldg. 1F

3-5 Niban-cho, Chiyoda-ku

Tokyo

Name, title of representative Shunsuke Yazawa, Representative Director & CEO Noriaki Komori, Representative Director & CEO
Main business E-commerce, handling daily necessities with a focus on health-related products E-commerce, handling a wide range of products with a focus on daily necessities
Date of establishment November 8, 1994 August 11, 2000
Main shareholders Rakuten, Inc. 100% Rakuten, Inc. 100%

Post-merger details (following scheduled date of July 1, 2017)

Company name To be determined
Address To be determined
Name, title of representative Noriaki Komori, Representative Director & CEO
Main business Services relating to the sale of daily necessities through e-commerce

Source: Rakuten Inc.

hhgregg, Inc. engages Stifel Nicolaus and Miller Buckfire as financial advisor and investment banker

INDIANAPOLIS, 2017-Feb-16 — /EPR Retail News/ — hhgregg, Inc. (NYSE: HGG) (“hhgregg” or the “Company”) today (February 15, 2017) announced that it has engaged Stifel, Nicolaus & Co., Inc. and Miller Buckfire & Co., LLC, each subsidiaries of Stifel Financial Corp. (NYSE: SF) to pursue a range of potential strategic and financial transactions that will support the Company’s initiatives to improve liquidity and return to profitability.

“We are committed to improving our results through our business strategy, including investments made to shift our focus to appliances and furniture, and additional expected cost reductions,” said Robert J. Riesbeck, hhgregg’s President and CEO. “We believe it is an appropriate time to explore potential strategic transactions. As the Company undertakes this exploration process, we are focused on the execution of our business strategy and remain fully committed to serving our customers’ needs.”

Stifel Nicolaus and Miller Buckfire have been engaged as hhgregg’s financial advisor and investment banker. The Company, working with its advisers, plans to proceed in a timely and orderly manner, but has not set a definitive timetable for completion of this process. There can be no assurance that this review process will result in a transaction or other strategic alternative of any kind. The Company does not intend to disclose developments or provide updates on the progress or status of this process unless it deems further disclosure is appropriate or required.

About hhgregg

hhgregg is an appliance, electronics and furniture retailer that is committed to providing customers with a truly differentiated purchase experience through superior customer service, knowledgeable sales associates and the highest quality product selections. Founded in 1955, hhgregg is a multi-regional retailer currently with 220 stores in 19 states that also offers market-leading global and local brands at value prices nationwide via hhgregg.com.

Forward Looking Statements

The following is a Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This press release includes forward-looking statements, including with respect to hhgregg’s intentions and plans to explore strategic alternatives. hhgregg has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While hhgregg believes these expectations, assumptions, estimates and projections are reasonable, these forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These and other important factors may cause hhgregg’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Some of the key factors that could cause actual results to differ from hhgregg’s expectations are: the ability to successfully execute the Company’s strategies and initiatives, particularly in returning the Company to profitable growth; the Company’s ability to increase customer traffic and conversion; competition in the retail industry; the Company’s ability to maintain a positive brand perception and recognition; the Company’s ability to attract and retain qualified personnel; the Company’s ability to maintain the security of customer, associate and Company information; rules, regulations, contractual obligations, compliance requirements and fees associated with accepting a variety of payment methods; the Company’s ability to effectively achieve cost cutting initiatives; the Company’s ability to generate strong cash flows to support its operating activities; the Company’s relationships and operations of its key suppliers; the Company’s ability to generate sufficient cash flows to recover the fair value of long-lived assets; the Company’s ability to maintain and upgrade its information technology systems; the fluctuation of the Company’s comparable store sales; the effect of general and regional economic and employment conditions on the Company’s net sales; the Company’s ability to meet financial performance guidance; disruption in the Company’s supply chain; changes in trade regulation, currency fluctuations and prevailing interest rates; and the potential for litigation.

Other factors that could cause actual results to differ from those implied by the forward-looking statements in this press release are more fully described in the “Risk Factors” section in the Company’s Annual Report on Form 10-K for fiscal year 2016 filed May 19, 2016 and the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2016 filed on January 26, 2017. Given these risks and uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. hhgregg does not undertake, and specifically declines, any obligation to update any of these statements or to publicly announce the results of any revisions to any of these statements to reflect future events or developments.

Contact:
Lance Peterson
317-848-8710
Vice President, Finance and Planning
investorrelations@hhgregg.com

Source: hhgregg, Inc.

Overstock.com blockchain subsidiary Medici Ventures participates in Series A funding for Factom, Inc.

SALT LAKE CITY, 2017-Feb-08 — /EPR Retail News/ — Medici Ventures, the blockchain-focused subsidiary of retail technology leader Overstock.com, Inc. (NASDAQ:OSTK), announces its participation in the Series A funding for Factom, Inc., a blockchain-as-a-service technology company based in Austin, TX focusing on mortgage compliance solutions.

“We like what Factom is doing with blockchain technology in the mortgage space,” said Medici Ventures president Jonathan Johnson. “This is the latest in a series of strategic investments to further position Medici Ventures as the global leader in blockchain technology.”Medici Ventures received 2.5% of Factom’s common stock in return for a $750,000 investment. Steven Hopkins, Medici Ventures’ chief operating officer and general counsel, will join Factom’s board of directors.

Medici Ventures joins the Factom Series A round of funding, which was led by noted venture capitalist and blockchain enthusiast Tim Draper.

“We’re thrilled to include Medici Ventures as a strategic investor in Factom. The Medici team impressed us with their deep knowledge and expertise in blockchain technology,” said Factom CEO Peter Kirby. “They bring operational experience running a global business with thousands of employees and practical knowledge of the shifting regulatory environment. We consider them some of the smartest investors in Blockchain.”

Medici Ventures is a leader in advancing blockchain technology, and parent company of t0.com, which recently aided Overstock.com in completing the world’s first blockchain-based stock offering on its proprietary platform.

About Medici Ventures:
Launched in 2014, Medici Ventures is a wholly-owned subsidiary of Overstock.com, Inc. created to manage and oversee investments in firms building solutions leveraging and servicing blockchain technologies. Medici Ventures has several blockchain-focused investments, including t0.com, Peernova, Bitt, SettleMint, Factom, and IdentityMind. The company’s majority-owned financial technology company, t0.com, executed the world’s first blockchain-based stock offering in December 2016.

About Factom, Inc.
Factom, Inc. is an Austin-based blockchain technology company that’s on a mission to make the world’s systems honest. People and institutions today can solve hard problems and change the world for the better when they have a reliable framework to build upon. Honest systems free up dead capital, which allows companies to grow and helps people to lift themselves out of poverty.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact.  Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-Q for the quarter ended September 30, 2016, which was filed with the SEC on November 3, 2016, and any subsequent filings with the SEC.

Media Contact:
Mark Delcorps
Overstock.com, Inc.
+1 (801) 947-3564
pr@overstock.com

Investor Contact:
Mark Harden
Overstock.com, Inc.
+1 (801) 947-5409
ir@overstock.com

Source:  Overstock.com, Inc./globenewswire

Lawson, Inc. and Save On Corp. swap franchising rights in Japan

TOKYO, JAPAN, 2017-Feb-02 — /EPR Retail News/ — Lawson, Inc. and Save On Corp. have signed a mega-franchise contract in Gumma, Tochigi, Niigata, Saitama, and Chiba prefectures.

About the mega-franchise agreement:
At the end of December 2016, Save On operated 503 SAVE ON convenience stores. Save On has agreed to gradually change the outlets into LAWSON brand stores starting from summer in 2017 throughout 2018. Following the shift, Save On will operate LAWSON stores in the five prefectures as a mega franchisee of the LAWSON brand. From August 2012, 82 SAVE ON convenience stores in Toyama, Nagano, Ibaraki, Fukushima, and Yamagata prefectures had gradually converted into LAWSON brand stores.

Going forward, Save On and Lawson have committed to further strive to operate stores that customers really appreciate.

Overview of Save On Corp. and Lawson, Inc.

– Save On Corp.
(1) Company name: Save On Corp.
(2) Main areas of business operation: Development of the convenience store franchise chain
(3) Business location: 900 Kamesatomachi, Maebashi, Gunma
(4) Name and title of representative director: Minoru Hirata, President and CEO, Representative Director
(5) Capital: 392 million yen
(6) End of fiscal year: The end of February
– Lawson, Inc.
(1) Company name: Lawson, Inc.
(2) Main areas of business operation: Development of the Lawson convenience store franchise chain
(3) Business location: East Tower, Gate City Osaki, 1-11-2 Osaki, Shinagawa-ku, Tokyo
(4) Name and title of representative director: Genichi Tamatsuka, Chairman and CEO, Representative Director
(5) Capital: 58,506 million yen
(6) End of fiscal year: The end of February

Source: Lawson Inc.

t0.com, Inc. further expands its presence and range of services in global financial ecosystem with the acquisition of Blue Ocean Technologies

Creates Blue Ocean Technologies, LLC to offer U.S. securities trading after close of U.S. capital markets

SALT LAKE CITY, 2017-Jan-18 — /EPR Retail News/ — Financial technology firm t0.com, Inc., has formed Blue Ocean Technologies, LLC after acquiring the assets of Singapore-based Blue Ocean Financial Technology, Pte. Ltd. The addition of Blue Ocean Technologies to the t0 portfolio of companies further expands the fintech leader’s presence and range of services in the global financial ecosystem.

“Blue Ocean Technologies will provide investors in the rapidly growing Asian region with an avenue to execute U.S. equities during their usual business hours,” said t0 President Joe Cammarata. “This concept is the first of its kind, and has already attracted the attention of several large market-making clients to provide daily liquidity within our platform.”  The newly-formed Blue Ocean Technologies will offer the first transparent, electronic marketplace for trading U.S.-listed securities during non-U.S. trading hours. This electronic marketplace creates a new opportunity for firms, traders, and investors to manage risk and take advantage of opportunities created outside of U.S. regular trading hours. Also, foreign investors will have after-hours access to the full capabilities of the U.S. capital markets, which make up the second largest class of investments across Asia and Europe (behind country-specific home markets), while allowing for U.S.-based traders to track off-hours market movement and react accordingly.

Cammarata also noted that Blue Ocean’s dedication to pricing transparency and reporting the overnight trades to the Blockchain makes it a good fit for t0 and its development of blockchain-based technologies, which puts great emphasis on radical transparency.

“This partnership affords us the opportunity to work with t0, a company on the cutting edge of securities technology,” said Blue Ocean Financial Technology CEO and Blue Ocean Technologies managing member, Greg Shinnick. “Additionally, the relationship allows for a broader sphere of access and reach, which is crucial to expanding the emerging global securities marketplace.”

Blue Ocean will operate as a Division of PRO Securities, LLC, Member: FINRA & SIPC.  PRO Securities, is another wholly owned subsidiary of t0.com, Inc., and is an approved Alternative Trading System. The PRO Alternative Trading System recently supported the world’s first public issuance of a blockchain equity in Overstock.com’s successful rights offering utilizing t0’s distributed ledger technology-based platform.

About t0
t0.com, Inc. (pronounced tee-zero) is a majority owned subsidiary of Overstock.com, focusing on the development and commercialization of financial technology (fintech) based on cryptographically-secured, decentralized ledgers – more commonly known as blockchain technologies. Since its inception, t0 has pioneered the effort to bring greater efficiency and transparency to capital markets through the integration of blockchain technology. More information is available at t0.com.

About Medici Ventures
Launched in 2014, Medici Ventures is a wholly owned subsidiary of Overstock.com, Inc., created to manage and oversee the company’s investments in firms building solutions leveraging and servicing blockchain technologies. Medici project companies include: t0, PeerNova, Bitt.com, SettleMint and Identity Mind.

Media Contact:

Mark Delcorps
(801) 947-3850
pr@overstock.com

Source: Overstock.com/globenewswire

CBRE acquires Floored, Inc., a leading producer of SaaS solutions for the global commercial real estate industry

Floored’s 3D Graphics Technology Further Enhances CBRE’s Marketplace Differentiation

Los Angeles, 2017-Jan-04 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today  (January 3, 2017) announced that it has acquired Floored, Inc., a leading producer of SaaS (Software as a Service) solutions, including scalable, interactive 3D graphics technology, for the global commercial real estate industry.  Floored gives CBRE’s professionals and clients access to advanced technology, and significantly increases the company’s capabilities to develop technology innovations that enhance marketing and leasing of commercial properties.

“We are very excited to add Floored’s interactive 3D graphics to our growing suite of technology tools,” said Chandra Dhandapani, CBRE’s Chief Digital & Technology Officer. “Many of our leading professionals and clients have been using Floored technology and are very excited about their solutions. It gives our professionals a powerful advantage in the marketplace, enabling them to configure, visualize and compare vacant space and arrange virtual tours.  Our clients will continue to have access to these, and future, powerful products.”

Floored’s two main existing SaaS products are:

  • Protofit, which allows users to visualize and edit floor plans in 2D and 3D (including accurate external window views from each floor) and to create customized space layouts in real-time.  Protofit, which is being rebranded as Floored Plans, has been utilized in over 65 million sq. ft. of properties.
  • Luma, which enables a high-quality, interactive, next-generation customized 3D “walk-through” experience for new, unbuilt and repositioned spaces. This technology has been used to visualize space from project concept and design all the way through leasing and marketing efforts and is now being re-branded as Floored Build.

The products are used by property owners like Related, Equity Office, Hines and Beacon Capital.

Floored’s co-founders – Chief Executive Officer David Eisenberg, Chief Technology Officer Dustin Byrne and Vice President of Engineering Judy He – and their 36-person team of engineers, designers, 3D modelers and client support personnel will all join CBRE as part of the acquisition. Mr. Eisenberg will serve as SVP of Digital Enablement & Technology for CBRE’s leasing business (called Advisory & Transaction Services).

“We look forward to working with Dave, Dustin, Judy and their incredibly talented team to develop other innovative capabilities to enable exceptional outcomes for our clients. This will also give us momentum in tapping into the New York digital talent base,” Ms. Dhandapani said.

“We have worked very hard over the past four years to invent groundbreaking technology for commercial real estate,” said Mr. Eisenberg. “We couldn’t be more excited to bring this innovation to the industry’s premier, globally integrated commercial real estate services and investment firm. Together we will build powerful advantages for CBRE’s clients.”

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 2015 revenue).  The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 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.

About Floored
Floored, Inc., founded in 2012, is a New York City-based company that creates interactive 3D graphics and technology for the hospitality and commercial, residential, industrial, and retail real estate industries. Floored has worked with hundreds of clients from around the world, with enterprise customers including Related, Equity Office, Hines and Beacon Capital.

Forward-Looking Statements
Certain of the statements in this release regarding the acquisition of Floored, Inc. that do not concern purely historical data are forward-looking statements within the meaning of the ”safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our management’s expectations and beliefs concerning future events affecting us and are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including, but not limited to, our ability to successfully integrate Floored’s technology into our existing operations as well as other risks and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements and other risks and uncertainties to our business in general, please refer to our SEC filings, including our Quarterly Report on Form 10-Q for the quarter ended September 30, 2016, and our Annual Report on Form 10-K for the fiscal year ended December 31, 2015. Such filings are available publicly and may be obtained from our website at www.cbre.com or upon request from the CBRE Investor Relations Department at investorrelations@cbre.com.

MEDIA CONTACT:
Robert McGrath
Senior Director, Global Media Relations
+1 212 9848267

Source:  CBRE Group, Inc.

Toys“R”Us, Inc. reports 3Q 2016 earnings

WAYNE, NJ, 2016-Dec-02 — /EPR Retail News/ — Details for the Toys“R”Us, Inc. third quarter 2016 earnings conference call are provided below. On the call, the company’s leadership team will discuss the financial results of Toys“R”Us, Inc. and Toys“R”Us – Delaware, Inc. at 2:00 p.m. ET on Tuesday, December 20, 2016.

Participation in this call is open to the public. Participants should dial-in 15 minutes in advance, using the following:

U.S. Dial-In Number: (855) 687-5546
International Dial-In Number: (786) 800-3917
Conference ID: 28421761

More information is available at www.toysrusinc.com/investors/events-list 

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 880 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in more than 780 international stores and over 245 licensed stores in 37 countries and jurisdictions. With its strong portfolio of e-commerce sites including Toysrus.com and Babiesrus.com, the company provides shoppers with a broad online selection of distinctive toy and baby products. Toys“R”Us, Inc. is headquartered in Wayne, NJ, and has an annual workforce of approximately 62,000 employees worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. For more information, visit Toysrusinc.com or follow @ToysRUsNews on Twitter.

Contact:

Lenders and Note Investors:
Chetan Bhandari
Senior Vice President
Corporate Finance & Treasurer
973-617-5841
Chetan.Bhandari@toysrus.com

Media:
Amy von Walter
Executive Vice President
Global Communications & Public Relations
201-815-9512
Amy.vonWalter@toysrus.com

Source: ToysRUs

Illinois-based Central Grocers, Inc. joins Topco family

Elk Grove Village, Ill., 2016-Dec-01 — /EPR Retail News/ — Topco Associates LLC announced today ( November 29, 2016) that Joliet, Illinois-based Central Grocers, Inc. has joined the cooperative, expanding its retail, wholesale and foodservice companies’ membership.

“I am excited for this strong retailer-owned wholesaler to join our membership,” stated Randy Skoda, Topco President & CEO. “We look forward to partnering together to help Central Grocers fulfill their mission of serving the true independent grocer in their local market,” he continued.

Central Grocers supplies popular grocers such as Strack & Van Til, Tony’s Finer Foods, Ultra Foods and Sunset Foods, and will participate in Topco’s Grocery, Dairy/Bakery, Meat, Deli, Produce and Floral programs. Topco expects to have the wholesaler fully transitioned by first quarter of 2017.

“Central Grocers is pleased to join the Topco family. Topco’s innovative approach to finding business solutions in the grocery industry will be of significant benefit to the members we serve in more than 500 independent grocery stores. We envision that their buying power will help us maintain customer-friendly pricing in our intensely competitive markets, while Topco’s expertise in quality assurance, packaging and sustainability will help us improve overall in-store efficiency,” said Ken Nemeth, President & CEO of Central Grocers.

Formed in 1917, Central Grocers, Inc. has grown to become a $2 billion, memberowned, grocery wholesale cooperative. The wholesaler supplies more than 500 independent retailers in the Chicagoland and Northwest Indiana area with groceries, produce, fresh meat, service deli items, frozen foods, ice cream and is the exclusive distributor of the Centrella Brand.

About Topco Associates LLC
Topco Associates LLC is an over $15 billion, privately held company that provides aggregation, innovation and knowledge management solutions for its leading food industry member-owners and customers, including grocery retailers, wholesalers and food service suppliers. Topco leverages the collective volume, knowledge and commitment of these companies to create a competitive advantage in the marketplace by reducing costs and offering winning business-building capabilities. For more information, please visit www.topco.com.

Media contact:
Nancy Antol
847-329-3386
nantol@topco.com

Source: Topco Associates

Lowe’s Companies, Inc. declares quarterly cash dividend of thirty five cents per share

MOORESVILLE, N.C., 2016-Nov-18 — /EPR Retail News/ — The Board of Directors for Lowe’s Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend of thirty five cents ($0.35) per share, payable February 8, 2017, to shareholders of record as of January 25, 2017.

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 2015 sales of $59.1 billion, Lowe’s and its related businesses operate or service more than 2,355 home improvement and hardware stores and employ over 285,000 employees. 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.

Coach, Inc. declared quarterly cash dividend of $0.3375 per common share

NEW YORK, 2016-Nov-17 — /EPR Retail News/ — Coach, Inc. (NYSE:COH) (SEHK:6388), a leading New York design house of modern luxury accessories and lifestyle brands, today (Nov. 15, 2016) announced that its Board of Directors has declared a quarterly cash dividend of $0.3375 per common share. The dividend is payable on January 3, 2017 to shareholders of record as of the close of business on December 9, 2016.

Coach, Inc. is a leading New York design house of modern luxury accessories and lifestyle brands. The Coach brand was established in New York City in 1941, and has a rich heritage of pairing exceptional leathers and materials with innovative design. Coach is sold worldwide through Coach stores, select department stores and specialty stores, and through Coach’s website at www.coach.com. In 2015, Coach acquired Stuart Weitzman, a global leader in designer footwear, sold in more than 70 countries and through its website at www.stuartweitzman.com. Coach, Inc.’s common stock is traded on the New York Stock Exchange under the symbol COH and Coach’s Hong Kong Depositary Receipts are traded on The Stock Exchange of Hong Kong Limited under the symbol 6388.

Neither the Hong Kong Depositary Receipts nor the Hong Kong Depositary Shares evidenced thereby have been or will be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to, or for the account of, a U.S. Person (within the meaning of Regulation S under the Securities Act), absent registration or an applicable exemption from the registration requirements. Hedging transactions involving these securities may not be conducted unless in compliance with the Securities Act.

Contact:

Coach
Analysts & Media:
Andrea Shaw Resnick
212-629-2618
Interim Chief Financial Officer
Global Head of Investor Relations and Corporate Communications

Christina Colone
212-946-7252
Senior Director, Investor Relations

Source: Coach, Inc.

Build-A-Bear Workshop Inc. among Best Workplaces in Retail according to Great Place to Work® and Fortune for the third consecutive year

Saint Louis, MO, 2016-Nov-03 — /EPR Retail News/ — For the third consecutive year, Build-A-Bear Workshop Inc. (NYSE: BBW)—an interactive destination where guests can make their own personalized furry friends­—is one of the Best Workplaces in Retail, according to global research and consulting firm Great Place to Work® and Fortune.

Build-A-Bear Workshop ranked No. 3 on the 2016 list, which is based on employees’ perceptions of their work environment, leadership, cooperation, compensation and other factors essential to employee well-being.

The Best Workplaces in Retail is one of a series of rankings by Great Place to Work® and Fortune based on employee survey feedback from Great Place to Work®-CertifiedTM organizations. Build-A-Bear Workshop also ranked as a best workplace on the following lists by Great Place to Work® and Fortune: the 2016 100 Best Companies to Work For® list (for the eighth consecutive year); the 2016 Best Workplaces for Women list (for the second consecutive year); the 2016 Best Workplaces for Millennials list (for the second consecutive year); the 2016 Best Workplaces for Flexibility list; the 2015 Best Workplaces for Camaraderie list; and the 2015 Best Workplaces for Diversity list.

Methodology
The Best Workplaces in Retail ranking is based entirely upon feedback from more than 23,000 employees at Great Place to Work–Certified companies in the Retail sector who completed our Trust Index© Employee Survey. Employees answered questions about how frequently they experience the behaviors that create a great workplace, which include management’s honesty and ethics, camaraderie among employees, and fair and respectful treatment and clear expectations from management. Results from the survey are highly reliable, having a 95% confidence level and a margin of error of 5% or less. The total score for each company is based entirely upon this employee feedback. The companies with the highest employee ratings compared with organizations of the same size were selected for the list.

About Build-A-Bear
Founded in St. Louis in 1997, Build-A-Bear, a global brand kids love and parents trust, seeks to add a little more heart to life. Build-A-Bear Workshop has approximately 400 stores worldwide where guests can create customizable furry friends, including company-owned stores in the United States, Canada, Denmark, Ireland, Puerto Rico, the United Kingdom and China, and franchise stores in Africa, Asia, Australia, Europe, Mexico and the Middle East. The company was named to the FORTUNE 100 Best Companies to Work For® list for the eighth year in a row in 2016. Build-A-Bear Workshop, Inc. (NYSE: BBW) posted a total revenue of $377.7 million in fiscal 2015. For more information, visit buildabear.com.

About The Best Workplaces in Retail 2016
The Best Workplaces in Retail ranking is based entirely upon feedback from more than 23,000 employees at Great Place to Work–Certified companies in the Retail sector who completed our Trust Index© Employee Survey. Employees answered questions about how frequently they experience the behaviors that create a great workplace, which include management’s honesty and ethics, camaraderie among employees, and fair and respectful treatment and clear expectations from management. Results from the survey are highly reliable, having a 95% confidence level and a margin of error of 5% or less. The total score for each company is based entirely upon this employee feedback. The companies with the highest employee ratings compared with organizations of the same size were selected for the list.

About Great Place to Work®
Great Place to Work® is the global authority on high-trust, high-performance workplace cultures. Through proprietary assessment tools, advisory services, and certification programs, including Best Workplaces lists and workplace reviews, Great Place to Work® provides the benchmarks, framework, and expertise needed to create, sustain, and recognize outstanding workplace cultures. In the United States, Great Place to Work® produces the annual Fortune “100 Best Companies to Work For®” and a series of Great Place to Work® Best Workplaces lists, including lists for Millennials, Women, Diversity and over a half dozen different industries.

Follow Great Place to Work® online at www.greatplacetowork.com and on Twitter at @GPTW_US.

Press Contact:
bethk@buildabear.com

Source: Build-A-Bear Workshop, Inc.

Coach, Inc. to hold 1Q financial results conference call on November 1, 2016

NEW YORK, 2016-Oct-26 — /EPR Retail News/ — On Tuesday, November 1, 2016 at 8:30 a.m. (ET), Coach, Inc. (NYSE:COH) (SEHK:6388) will hold a conference call to discuss the company’s first quarter results and strategic initiatives, which will be reported via press release earlier that morning.

To listen to the call, please dial: 1-888-405-2080 or 1-210-795-9977 and request the Coach earnings call led by Andrea Shaw Resnick. To listen to the audio webcast, go to www.coach.com/investors on the Internet. A telephone replay will be available for five business days beginning at 12:00 noon (ET) on November 1st. To access the replay, please call 1-866-352-7723 or 1-203-369-0080.

Coach, Inc. is a leading New York design house of modern luxury accessories and lifestyle brands. The Coach brand was established in New York City in 1941, and has a rich heritage of pairing exceptional leathers and materials with innovative design. Coach is sold worldwide through Coach stores, select department stores and specialty stores, and through Coach’s website at www.coach.com. In 2015, Coach acquired Stuart Weitzman, a global leader in designer footwear, sold in more than 70 countries and through its website at www.stuartweitzman.com. Coach, Inc.’s common stock is traded on the New York Stock Exchange under the symbol COH and Coach’s Hong Kong Depositary Receipts are traded on The Stock Exchange of Hong Kong Limited under the symbol 6388.

Neither the Hong Kong Depositary Receipts nor the Hong Kong Depositary Shares evidenced thereby have been or will be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to, or for the account of, a U.S. Person (within the meaning of Regulation S under the Securities Act), absent registration or an applicable exemption from the registration requirements. Hedging transactions involving these securities may not be conducted unless in compliance with the Securities Act.

Analysts/Media:
Coach, Inc.
Andrea Shaw Resnick
212-629-2618
Interim Chief Financial Officer
Global Head of Investor Relations and Corporate Communications

Christina Colone
212-946-7252
Senior Director, Investor Relations

Source: Coach, Inc.

Electronic Transaction Clearing, Inc. to provide custodial services in historic issuance of blockchain securities from Overstock.com

SALT LAKE CITY, 2016-Oct-07 — /EPR Retail News/ — Electronic Transaction Clearing, Inc. (ETC) has integrated with t0’s platform and will act as custodian of shares in a forthcoming blockchain preferred share offering from Overstock.com.

Under the agreement, ETC will provide custodian services to securities broker-dealer Keystone Capital Corporation, which has licensed t0’s blockchain-based trading technology.“This is another piece of a puzzle we are assembling as we create the world’s first blockchain-based securities trading platform,” said Joe Cammarata, electronic trading veteran and newly-appointed President of t0. “ETC is as eager as we are to be a part of the historic moment when the world’s first digital security is issued using distributed ledger technology.”

“We at ETC are excited to be a part of this new and ground-breaking endeavor.  This venture with t0 is a natural partnering for ETC in that it falls in line with ETC’s core values and commitment to utilizing cutting-edge technology to continuously explore efficiencies in the securities markets,” said Harvey Cloyd, CEO of ETC’s parent, ETC Global Group. “ETC’s nimble clearing ecosystem and efficient transaction processing make it a perfect vehicle for serving as the first clearing firm to transact in these securities.”

Medici, Inc., parent of t0, is Overstock.com’s (NASDAQ:OSTK) majority-owned financial technology subsidiary, focusing on applying blockchain technology to solving important financial transaction problems, particularly in the area of securities settlement. Overstock.com made financial history in June of 2015 as the first public company to issue a private security using blockchain technology. In December of 2015, the SEC declared parent company Overstock.com’s S-3 filing effective, giving Overstock.com the ability to issue blockchain shares in a public offering.

The securities described above will be offered by Overstock pursuant to a shelf registration statement on Form S-3, as amended, previously filed with and declared effective by the United States Securities and Exchange Commission (SEC). A prospectus supplement related to the offering will be filed with the SEC.  This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these 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.

About t0.com
t0 (pronounced tee-zero) is a majority owned subsidiary of Overstock.com, focusing on the development and commercialization of financial technology (FinTech) based on cryptographically-secured, decentralized ledgers – more commonly known as blockchain technologies. Since its inception in October of 2014, t0.com has pioneered the effort to bring greater efficiency and transparency to capital markets through the integration of blockchain technology. More information is available at t0.com.

About Overstock.com
Overstock.com, Inc. (NASDAQ:OSTK) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, rugs, bedding, electronics, clothing, and jewelry. Worldstock.com is dedicated to selling artisan-crafted products from around the world whereas Main Street Revolution supports small-scale entrepreneurs in the U.S. by providing them a national customer base. Overstock has additional community-focused initiatives such as a Farmers Market and pet adoptions.  Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock sells internationally under the name O.co.  Overstock (http://www.overstock.com and http://www.o.co) regularly posts information about the company and other related matters under Investor Relations on its website.

About ETC
Electronic Transaction Clearing, Inc. (“ETC”), a Los Angeles-based registered US brokerage and clearing firm and subsidiary of ETC Global Group.   ETC is a preeminent brokerage and clearing group, which offers sophisticated clearing, settlement and custodial services to securities industries participants, such as broker-dealers, ATS’s (alternative trading systems), routing firms, professional trading firms, black-box trading firms and hedge funds.  Since its regulatory approval in July 2009, the Firm routinely has cleared a significant percentage of all US daily equities share volumes.  ETC US is a member of FINRA, SIPC and all major US stock exchanges.

O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock Fair Trade, Worldstock, and OVillage are registered trademarks. O.biz, Club O Dollars, and OGlobal are trademarks of Overstock.com, Inc. The Overstock.com, Club O, and Worldstock Fair Trade logos are also registered trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact.  Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-Q for the quarter ended June 30, 2016, which was filed with the SEC on August 4, 2016, and any subsequent filings with the SEC.

Overstock.com, Inc. has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the applicable prospectus supplement for any securities offered pursuant to the registration statement, and other documents that Overstock.com, Inc. has filed or files in the future with the SEC for more complete information about Overstock.com, Inc. and the offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Overstock.com, Inc. will arrange to send you the prospectus if you request it by calling 1-801-947-5409.

Media Contact:
Judd Bagley
t0.com
(801) 947-5352
jbagley@t0.com

Source: tO/globenewswire

ascena retail group, inc. implements major enterprise transformation plan and announces new Change for Growth program

MAHWAH, N.J., 2016-Oct-06 — /EPR Retail News/ — After more than six months of extensive planning, ascena retail group, inc. (NASDAQ:ASNA) (the “Company”) today (Oct. 4, 2016) begins the execution phase of its major enterprise transformation plan. In addition to the ongoing implementation of its $235 million cost-savings initiative associated with its integration of ANN INC., the Company expects its new Change for Growth program will deliver an incremental $100 – $150 million of cost savings by fiscal 2019. The Change for Growth program will refine ascena’s operating model to increase its focus on key customer segments, improve its time-to-market, reduce working capital, and enhance its ability to serve its customer on any purchasing platform, all while better leveraging the Company’s powerful shared services platform.

The Company is making significant organizational changes as part of its accelerated execution plan, and has restructured its business into four operating segments. Reporting of future results will be based on this new segment structure:

  • Premium Fashion – Ann Taylor, LOFT, and Lou & Grey
  • Plus Fashion – Lane Bryant and Catherines
  • Value Fashion – maurices and dressbarn
  • Kids Fashion – Justice

The Company also announced the creation of its new ascena Brand Services (aBS) team, which will assume the responsibilities for its existing centralized Shared Services Group functions, including supply chain, logistics, sourcing, and IT, as well as additional brand support functions to be developed through its Change for Growth program.

David Jaffe, President and CEO of ascena retail group commented, “Our leadership team has maintained its focus on long-term value creation for our shareholders by ensuring ascena has a strong combination of attractive brands and leading supply chain capabilities. After more than six months of intense development work, today we begin our comprehensive Change for Growth program to ensure that the Company is effectively positioned to compete in a rapidly and profoundly changing retail and consumer environment. Over the past few years we have made substantial investments in our brand portfolio, supply chain and logistics capabilities, and shared service platform, and we believe we are well positioned to leverage these investments to deliver value for our customers and shareholders.

We are ahead of plan with the synergy and cost savings workstreams that will deliver $235 million of cost savings associated with our integration of ANN INC., and the time is right for us to explore additional opportunities to fully exploit the advantages we’ve developed with our comprehensive shared services platform. Our Change for Growth program is designed to ensure ascena is lean, agile and playing to win. Through this transformation work, we expect to deliver incremental cost savings of $100 to $150 million by fiscal 2019. We will continue to work aggressively on customer-facing capability and operating efficiencies to drive benefits on both the margin and cost side of our financials, and we believe there is additional opportunity beyond what we have highlighted today as we continue our transformation work with Accenture.”

Jaffe concluded, “We would like to discuss the Change for Growth program in the depth our investors have come to expect, and given the acceleration and the major scope of this overall program, we have decided to postpone our Investor Day until January 18, 2017.”

The Company is pleased to announce that Brian Lynch, most recently President and CEO of the Company’s Justice brand, will assume direct responsibility for ascena Brand Services in his new role as ascena’s Chief Operating Officer. Mr. Lynch commented, “I’m excited to take on this broader role. I believe applying the customer lens I use as a brand leader to my new role will enable strong partnerships between our shared operational functions and our brand segment leaders. It is this aligned partnership that will help us better develop and deliver new capabilities to serve our customers.” David Jaffe added, “I am very excited to have Brian step into the role as ascena’s Chief Operating Officer. He is uniquely qualified for this role, having prior President and COO experience, and senior roles in ecom operations, retail operations, and field leadership across leading companies including The Walt Disney Company, Gap Inc., and most recently, ANN INC.”

Gary Muto, President and CEO of the Company’s ANN brands, will retain responsibility for the Ann Taylor, LOFT, and Lou & Grey brands, which now comprise the Company’s Premium Fashion segment. Linda Heasley, most recently President and CEO of Lane Bryant, has been appointed President and CEO of the Company’s Plus Fashion segment. George Goldfarb, most recently President and CEO of maurices has been appointed President and CEO of the Company’s Value Fashion segment. Lece Lohr, most recently head of merchandising at Justice succeeds Mr. Lynch as the new President of the Company’s Kids Segment.

The aforementioned restructuring has been accompanied by a number of executive departures to eliminate organizational overlap, which will result in a pre-tax charge of approximately $10 to $12 million in the first quarter. These changes were not included in the Company’s guidance, but the Company expects to recover the majority of this charge in the form of reduced operational expenses over the course of fiscal 2017. Additional charges are expected in the future related to ongoing transformation work.

About ascena retail group, inc.

ascena retail group, inc. (NASDAQ:ASNA) is a leading national specialty retailer offering apparel, shoes, and accessories for women under the Ann Taylor, LOFT, Lou & Grey, Lane Bryant, maurices, dressbarn and Catherines brands, and for tween girls under the Justice brand. ascena retail group, inc. operates ecommerce websites and approximately 4,900 stores throughout the United States, Canada and Puerto Rico.

For more information about ascena retail group, inc. visit: ascenaretail.com, AnnTaylor.com, LOFT.com, louandgrey.com, lanebryant.com, cacique.com, maurices.com, dressbarn.com, Catherines.com, and shopjustice.com.

Forward-Looking Statements

Certain statements made within this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially. The Company does not undertake to publicly update or review its forward-looking statements even if experience or future changes make it clear that our projected results expressed or implied will not be achieved. Detailed information concerning a number of factors that could cause actual results to differ materially from the information contained herein is readily available in the Company’s most recent Annual Report on Form 10-K.

For investors:
ascena retail group, inc.
Stacy Turnof
551-777-6928
Vice President of Investor Relations
stacy.turnof@ascenaretail.com

ICR, Inc.
James Palczynski
203-682-8229
Partner
jp@icrinc.com

For media:
ascena retail group, inc.
Sue Ross
218-491-2110
Executive Vice President, ascena Corporate Affairs Communications Officer
sue.ross@ascenaretail.com

Source: ascena retail group, inc.

Yum! Brands Board of Directors approve separation of its China business, now owned by Yum China Holdings, Inc.

LOUISVILLE, KY, 2016-Sep-30 — /EPR Retail News/ — Yum! Brands, Inc. (NYSE: YUM) today (September 26, 2016) announced that its Board of Directors has approved the previously announced separation of its China business, now owned by Yum China Holdings, Inc. (Yum China), from Yum! Brands, which is currently expected to occur after the close of business on October 31, 2016. Yum China expects to begin trading “regular way” as an independent company beginning November 1, 2016, on the New York Stock Exchange (NYSE) under the ticker symbol “YUMC.” Yum! Brands expects “when-issued” trading for both Yum! Brands and Yum China to begin on the NYSE on October 17, 2016, under the symbol “YUM WI” for Yum! Brands and “YUMC WI” for Yum China.

Yum! Brands also announced an increase in the Company’s dividend.

“We are moving full steam ahead with the separation of Yum China, establishing two powerful, independent and focused growth companies dedicated to building on our brand strengths and unlocking the full value of each business for our shareholders,” said Greg Creed, Chief Executive Officer of Yum! Brands. “As one of the world’s largest restaurant companies, Yum! Brands will continue to focus on expanding the presence and performance of KFC, Pizza Hut and Taco Bell as a primarily-franchised business to deliver enhanced value to shareholders.”

“This is an exciting time for Yum China as we approach our launch as a new, independent public company,” said Micky Pant, Chief Executive Officer of Yum China. “Yum China has a leading position in the Chinese market, and we see tremendous opportunities to leverage our well-recognized brands and decades of experience to drive growth. We are all energized to achieve Yum China’s full potential and create sustained value for shareholders.”

Returning Capital to Shareholders

The Yum! Brands Board also declared an increased dividend of $0.51 per share, payable on November 4, 2016, to shareholders of record as of the close of business on October 19, 2016. This dividend represents an 11% increase from the Company’s previous quarterly dividend of $0.46 per share. Since initiating a dividend in 2004, Yum! Brands is one of a select group of S&P 500 companies to annually increase its dividend at a double-digit percentage rate.

Since Yum! Brands announced its intention to separate Yum China, the Company has repurchased approximately $5.1 billion in shares at an average price of approximately $80, reducing its share count by approximately 15% as of September 23, 2016. Yum! Brands expects to repurchase an additional $1.1 billion in shares before the end of 2016 to achieve its previously announced plan to return $6.2 billion of capital to shareholders (excluding dividends) in connection with the separation of its China business.

Additional Details on Approval of Yum China Separation

The Yum! Brands Board has approved a distribution of one share of Yum China common stock for each share of Yum! Brands common stock held at the close of business on October 19, 2016, the record date for the distribution. No fractional shares of Yum China common stock will be issued. Instead, the distribution agent will aggregate fractional shares of Yum China common stock and sell the whole shares in the open market. The aggregate net cash proceeds of the sales will be ratably distributed to those shareholders who would otherwise have received fractional shares of Yum China common stock.

Yum! Brands shareholders are not required to take any action to receive the shares of Yum China common stock in the distribution, and they will not be required to surrender or exchange their Yum! Brands shares. Importantly, the number of Yum! Brands shares owned by each shareholder will not change as a result of the distribution.

Yum! Brands intends for the distribution of Yum China common stock to be tax-free for its shareholders, except with respect to any cash received in lieu of fractional shares, and expects to complete the distribution after the close of business on October 31, 2016. The separation and distribution remain subject to the satisfaction or waiver of certain conditions and remains subject to the sole discretion of the Yum! Brands Board.

About Yum! Brands
Yum! Brands, Inc., based in Louisville, Kentucky, has nearly 43,000 restaurants in almost 140 countries and territories. Yum! Brands is ranked #218 on the Fortune 500 List with revenues of over $13 billion in 2015 and is one of the Aon Hewitt Top Companies for Leaders in North America. The Company’s restaurant brands – KFC, Pizza Hut and Taco Bell – are the global leaders of the chicken, pizza and Mexican-style food categories. Worldwide, the Yum! Brands system opens over six new restaurants per day on average, making it a leader in global retail development.

About Yum China Holdings, Inc.
Yum China Holdings, Inc. will become a licensee of Yum! Brands in Mainland China. It will have exclusive rights in Mainland China to KFC, China’s leading quick-service restaurant concept, Pizza Hut, the leading casual dining brand, and Taco Bell, which is expanding globally but is not yet in China. It will also own the Little Sheep and East Dawning concepts outright. The new company will be well positioned for growth thanks to its strong competitive position, integration of its brands into Chinese popular culture and consumers’ daily lives, expanding geographic footprint in China and existing operational expertise. It will have a strong capital position and no external debt and expects to continue growing its system sales and profits by adding new restaurants and through growing same-store sales. Yum China has more than 7,200 restaurants in over 1,100 cities in China and generated over $8 billion in system sales in 2015. The growth of consumption in China is being fueled by a new generation of younger consumers who are digitally sophisticated and brand driven. The additional growth of the middle class and urban population in China is expected to create the world’s largest market for restaurant brands, with Yum China poised to be the market leader.

Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this communication contain “forward-looking statements.” Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. These statements often include words such as “may,” “will,” “estimate,” “intend,” “seek,” “expect,” “project,” “anticipate,” “believe,” “plan,” “could,” “target,” “predict,” “likely,” “should,” “forecast,” “outlook,” “model,” “ongoing” or other similar terminology. Forward-looking statements are based on our current expectations, estimates, assumptions or projections concerning future results or events, including, without limitation, the planned separation of the Yum! Brands and Yum China businesses, the timing of such separation, the future earnings and performance as well as capital structure of Yum! Brands or any of its businesses, including the Yum! Brands and Yum China businesses on a stand-alone basis if the separation is completed. Forward-looking statements are neither predictions nor guarantees of future events, circumstances or performance and are inherently subject to known and unknown risks, uncertainties and assumptions that could cause our actual results to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or projections will be achieved. Factors that could cause actual results and events to differ materially from our expectations and forward-looking statements are included in reports filed with the SEC by Yum! Brands from time to time, including those discussed under the heading “Risk Factors” in our most recently filed reports on Form 10-K and 10-Q, as well as in the Form 10 filed with the SEC by Yum China. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof. We are not undertaking to update any of these statements.

Contacts:
Yum! Brands, Inc.
Investor Relations:
Keith Siegner
888-298-6986
Vice President, Investor Relations and Corporate Strategy

Elizabeth Grenfell
888-298-6986
Director Investor Relations

Media Relations:
Virginia Ferguson
502-874-8200
Director Public Relations

Source: Yum! Brands, Inc.

Yum! Brands, Inc. announces nine new directors of Yum China Holdings, Inc.

LOUISVILLE, KY and SHANGHAI, 2016-Sep-16 — /EPR Retail News/ — Yum! Brands, Inc. (NYSE: YUM) today ( September 15, 2016) announced the expected composition of the Board of Directors of Yum China Holdings, Inc. (“Yum China”).

The nine new directors announced today, seven of whom are independent, are expected to serve on the Yum China Board of Directors following the completion of Yum China’s spin-off from Yum! Brands, which is expected to occur after the close of business on October 31, 2016.

As previously announced, Dr. Fred Hu, chairman and founder of Primavera Capital Group, a China-based global investment firm that will make a strategic investment in Yum China, will serve as non-executive chairman of the Yum China Board once the distribution and the Primavera investment are complete. In addition to Dr. Hu, the Board will include:

  • Micky Pant, chief executive officer of Yum China.
  • Peter A. Bassi, former chairman and president of Yum! Restaurants International and current lead director for BJ’s Restaurant and Potbelly Sandwich Works.
  • Christian L. Campbell, owner of Christian L. Campbell Consulting LLC and former senior vice president, general counsel, secretary and chief franchise policy officer of Yum! Brands.
  • Ed Chan Yiu-Cheong, vice chairman of Charoen Pokphand Group Company Limited.
  • Edouard Ettedgui, non-executive chairman of Alliance Française, Hong Kong and non-executive director of Mandarin Oriental International Limited.
  • Louis T. Hsieh, director and senior advisor to the chief executive officer, and former chief financial officer and president of New Oriental Education & Technology Group.
  • Jonathan S. Linen, director for Yum! Brands and Modern Bank N.A., former adviser to the chairman of American Express Company and former vice chairman of American Express Company.
  • Zili Shao, co-chairman of King & Wood Mallesons – China.

Yum China also expects to name one additional independent board member in connection with the spin-off.

“I am honored to lead the Yum China Board alongside such experienced and talented individuals,” said Dr. Hu. “My fellow directors bring proven track records of success in the food, service, finance, legal and other industries in China. We all also understand this market well, and I look forward to working collaboratively to build a strong business and create sustained value for Yum China shareholders.”

Mr. Pant said, “I am confident that this Board has the right mix of experience and knowledge of our industry and the evolving consumer trends in China to drive future success for Yum China. I am excited to have the opportunity to work with my highly-qualified colleagues on the Board as we execute on our strategic plans to drive growth across our brands.”

Greg Creed, chief executive officer of Yum! Brands, said, “We’re pleased to have announced the composition of the Yum China Board of Directors as we near the completion of the separation. We are confident that these business leaders will offer the market insights and strategic vision required to enable Yum China to reach its full potential.”

About the Yum China Board of Directors

Peter A. Bassi served as chairman of Yum! Restaurants International from 2003 to 2005 and its president from 1997 to 2003. Prior to that position, Mr. Bassi spent 25 years in a wide range of financial and general management positions at PepsiCo, Inc., Pepsi-Cola International, Pizza Hut (U.S. and International), Frito-Lay and Taco Bell. Mr. Bassi currently serves as lead director and chair of the nominating and governance committee for each of BJ’s Restaurant and Potbelly Sandwich Works. He has been a member of each board of directors since 2004 and 2009, respectively. In addition, Mr. Bassi serves on the Value Optimization Board for the private equity firm Mekong Capital, based in Vietnam. Mr. Bassi served on the board of The Pep Boys – Manny, Moe & Jack from 2002 to 2009, and served on the board of Amrest Holdings (Poland) from 2012 to 2015.

Christian L. Campbell is currently owner of Christian L. Campbell Consulting LLC, specializing in global corporate governance and compliance. Mr. Campbell previously served as senior vice president, general counsel and secretary of Yum! Brands from its formation in 1997 until his retirement in February 2016. In 2001, Mr. Campbell’s role was expanded to include chief franchise policy officer. In these positions, Mr. Campbell oversaw all legal matters at Yum! Brands and was responsible for the oversight of Yum! Brands purchasing as a director of YUM’s purchasing cooperative with its franchisees. Prior to joining Yum! Brands, Mr. Campbell was a senior vice president and general counsel at Owens Corning, a leading global producer of fiberglass insulation and composite building materials. Prior to Owens Corning, he was vice president and general counsel for Nalco Chemical Company. In addition, Mr. Campbell was a founding director of Restaurant Supply Chain Solutions, Inc. (“RSCS”), a purchasing cooperative for Yum! Brands’ U.S. franchising partners, and he served on RSCS’s Board of Directors from its formation in 2001 until 2015.

Ed Chan Yiu-Cheong is currently a vice chairman of Charoen Pokphand Group Company Limited and has been an executive director and vice chairman of CP Lotus Corporation since April 2012. Mr. Chan was regional director of North Asia of the Dairy Farm Group and a director of Dairy Farm Management Services Limited from November 2001 to November 2006. Mr. Chan was the president and chief executive officer of Walmart China from November 2006 to October 2011. Mr. Chan is also a non-executive director of Treasury Wine Estates Limited, a company listed on the Australian Securities Exchange and an independent non-executive director of Link Real Estate Investment Trust, which is listed on the Stock Exchange of Hong Kong Limited.

Edouard Ettedgui currently serves as the non-executive chairman of Alliance Française, Hong Kong. Mr. Ettedgui also currently serves as a non-executive director of Mandarin Oriental International Limited, the company for which he was the group chief executive from 1998 to 2016. Prior to his time at Mandarin Oriental International, Mr. Ettedgui was the chief financial officer for Dairy Farm International Holdings, and he served in various roles for British American Tobacco, including business development director, group finance controller and group head of finance. Mr. Ettedgui has also held senior finance positions in seven countries at Philips International.

Louis T. Hsieh currently serves as a senior adviser to the chief executive officer and as a director of New Oriental Education & Technology Group. Prior to his current role, Mr. Hsieh served as that company’s chief financial officer from 2005 to 2015 and president from 2008 to 2016. In addition, Mr. Hsieh serves as an independent director, member of the corporate governance committee and chairman of the audit committee for JD.com, Inc., and independent director and chairman of the audit committee for Nord Anglia Education, Inc. Previously, Mr. Hsieh also served as an independent director, member of the corporate governance committee and chairman of the audit committee for Perfect World Co., Ltd. and China Digital TV Holding Co., Ltd.

Fred Hu is chairman and founder of Primavera Capital Group, a China-based global investment firm (“Primavera”). Dr. Hu has served as chairman of Primavera since its inception in 2010. Prior to Primavera, Dr. Hu served in various roles at Goldman Sachs from 1997 to 2010, including serving as chairman of Greater China at Goldman Sachs Group, Inc. From 1991 to 1996, Dr. Hu served as an economist at the International Monetary Fund (IMF) in Washington D.C., where he engaged in macroeconomic research, policy consultations and technical assistance for member country governments including China. Dr. Hu also served as director of the National Center for Economic Research and professor at Tsinghua University. He is the author of several books and of numerous other publications in the areas of economics and finance and on China and Asian economies. Dr. Hu has advised the Chinese government on financial and pension reform, state-owned enterprise (SOE) restructuring, and macroeconomic policies. Dr. Hu is a trustee of China Medical Board and the co-chair of the Nature Conservatory’s Asia Pacific Council.

Jonathan S. Linen is a member of the board of directors of Yum! Brands, a position he has held since 2005, and of Modern Bank, N.A. Mr. Linen served as advisor to the chairman of American Express Company from January 2006 to August 2016. Prior to his role as advisor to the chairman, Mr. Linen served as the vice chairman of American Express Company since August 1993. Mr. Linen served on the board of directors of The Intercontinental Hotels Group from 2005 to 2015. In addition, Mr. Linen is a former director of Bausch & Lomb.

Micky Pant is expected to serve as the chief executive officer of Yum China. Mr. Pant has served as chief executive officer of Yum! Restaurants China since August 2015. Over the past decade, Mr. Pant has held a number of leadership positions at Yum! Brands, including chief executive officer of the KFC Division, chief executive officer of Yum! Restaurants International and president of Global Branding for Yum! Brands and president of Taco Bell International. Before joining Yum! Brands, Mr. Pant built a foundation in marketing and international business with Unilever and worked at PepsiCo, Inc. and Reebok International Ltd. Since December 2014, Mr. Pant has served as an independent director on the board of Pinnacle Foods, Inc., where he also serves on the audit committee.

Zili Shao has served as co-chairman of King & Wood Mallesons – China since April 2015. From 2009 to 2015, Mr. Shao held various positions with JPMorgan Chase & Co., including chairman and chief executive officer of JPMorgan China, vice chairman of JPMorgan Asia Pacific and chairman of JPMorgan Chase Bank (China) Company Limited. Prior to JPMorgan, he was a partner with Linklaters LLP, a global premium law firm. He held positions as Greater China managing partner and managing partner of Asia Pacific.

About Yum China Holdings
Yum China Holdings will become a licensee of Yum! Brands in Mainland China. It will have exclusive rights to KFC, China’s leading quick-service restaurant concept, Pizza Hut, the leading casual dining brand, and Taco Bell, which is expanding globally but is not yet in China. It will also own the Little Sheep and East Dawning concepts outright. The new company will be well positioned for growth thanks to its strong competitive position, integration of its brands into Chinese popular culture and consumers’ daily lives, expanding geographic footprint in China and existing operational expertise. It will have a strong capital position, no debt and expects to continue growing its system sales and profit by adding new restaurants and through growing same-store sales. Yum China has more than 7,200 restaurants in over 1,100 cities in China and generated over $8 billion in system sales in 2015. The growth of consumption in China is being fueled by a new generation of younger consumers who are digitally sophisticated and brand driven. The additional growth of the middle class and urban population in China is expected to create the world’s largest market for restaurant brands, with Yum China poised to be the market leader.

About Yum! Brands
Yum! Brands, Inc., based in Louisville, Kentucky, has nearly 43,000 restaurants in almost 140 countries and territories. Yum! Brands is ranked #218 on the Fortune 500 List with revenues of over $13 billion in 2015 and is one of the Aon Hewitt Top Companies for Leaders in North America. The Company’s restaurant brands – KFC, Pizza Hut and Taco Bell – are the global leaders of the chicken, pizza and Mexican-style food categories. Worldwide, the Yum! Brands system opens over six new restaurants per day on average, making it a leader in global retail development.

Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this communication contain “forward-looking statements.” Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. These statements often include words such as “may,” “will,” “estimate,” “intend,” “seek,” “expect,” “project,” “anticipate,” “believe,” “plan,” “could,” “target,” “predict,” “likely,” “should,” “forecast,” “outlook,” “model,” “ongoing” or other similar terminology. Forward-looking statements are based on our current expectations, estimates, assumptions or projections concerning future results or events, including, without limitation, the planned separation of the Yum and Yum China businesses, the timing of such separation, the completion of the anticipated investments by Primavera Capital and Ant Financial in connection with the Yum China separation, the future composition of the Yum China board of directors, the future earnings and performance as well as capital structure of Yum or any of its businesses, including the Yum and Yum China businesses on a standalone basis if the separation is completed. Forward-looking statements are neither predictions nor guarantees of future events, circumstances or performance and are inherently subject to known and unknown risks, uncertainties and assumptions that could cause our actual results to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or projections will be achieved. Factors that could cause actual results and events to differ materially from our expectations and forward-looking statements are included in reports filed with the SEC by Yum from time to time, including those discussed under the heading “Risk Factors” in our most recently filed reports on Form 10-K and 10-Q, as well as in the Form 10 filed with the SEC by Yum China. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof. We are not undertaking to update any of these statements.

For Yum! Media Inquiries, please call: 502-874-8200

Source: Yum! Brands, Inc.

ascena retail group to present at Oppenheimer’s 16th Annual Consumer Conference in Boston

MAHWAH, N.J., 2016-Aug-18 — /EPR Retail News/ — ascena retail group, inc. (NASDAQ: ASNA) will be presenting at Oppenheimer’s 16th Annual Consumer Conference at the Four Seasons Hotel in Boston, MA on Wednesday June 22, 2016 at 10:25 am ET.

A live webcast of the presentation will be available at http://www.ascenaretail.com. A replay of the webcast presentation will be available shortly after its conclusion and until July 22, 2016.

About ascena retail group, inc.
ascena retail group, inc.(NASDAQ: ASNA) is a leading national specialty retailer offering apparel, shoes, and accessories for women under the Ann Taylor, LOFT, Lou & Grey, Lane Bryant, maurices, dressbarn and Catherines brands, and for tween girls under the Justice brand. ascena retail group, inc. operates ecommerce websites and over 4,800 stores throughout the United States, Canada and Puerto Rico.

For more information about ascena retail group, inc. visit: ascenaretail.com, AnnTaylor.com, LOFT.com, louandgrey.comlanebryant.com, cacique.com, maurices.com, dressbarn.com, Catherines.com, shopjustice.com

Contact:

ascena retail group, inc.
Stacy Turnof
VP, Investor Relations
551-777-6928
stacy.turnof@ascenaretail.com

ICR, Inc.
James Palczynski
Partner
203-682-8229
jp@icrinc.com

Source: ascena retail group, inc.

Equity One, Inc. declares cash dividend of $0.22 per share

New York, NY, 2016-Aug-16 — /EPR Retail News/ — Equity One, Inc. (NYSE:EQY), an owner, developer, and operator of shopping centers, announced today that its Board of Directors has declared a cash dividend of $0.22 per share of its common stock for the quarter ending September 30, 2016, payable on September 30, 2016 to stockholders of record on September 16, 2016.

ABOUT EQUITY ONE, INC.
As of June 30, 2016, the company’s portfolio comprised 122 properties, including 97 retail properties and five nonretail properties totaling approximately 12.2 million square feet of gross leasable area, or GLA, 14 development or redevelopment properties with approximately 2.9 million square feet of GLA, and six land parcels. As of June 30, 2016, the company’s retail occupancy excluding developments and redevelopments was 96.3% and included national, regional and local tenants. Additionally, the company had joint venture interests in six retail properties and two office buildings totaling approximately 1.4 million square feet of GLA. To be included in the company’s e-mail distributions for press releases and other company notices, please click here or send contact details to Investor Relations at investorrelations@equityone.com.

Contact:

Equity One, Inc.
410 Park Avenue, Suite 1220
New York, NY 10022
212-796-1760

For additional information:

Matthew Ostrower
EVP and Chief Financial Officer

Source: Equity One, Inc.

J. C. Penney Company, Inc. announces 2Q financial results ended July 30, 2016

PLANO, Texas, 2016-Aug-16 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) today announced financial results for its second quarter ended July 30, 2016. Comparable sales increased 2.2 % for the second quarter, delivering a two-year stack of 6.3%. Net loss improved 52% to $(56) million versus the prior year.

Marvin R. Ellison, chairman and chief executive officer, said, “We are pleased with the sequential improvement we achieved throughout the second quarter, and our solid performance across all key metrics is encouraging. We exceeded our profitability expectations, achieving an $85 million or 59 % increase in EBITDA to $229 million for the quarter. We are continuing to win market share and improve the bottom line of our business thanks to the commitment and hard work of our over 100,000 associates.”

Ellison continued, “We are excited about the initiatives we have in place to drive incremental growth in the back half of the year with our appliance rollouts, new Sephora locations, center core refreshes, in-store .com fulfillment and our chain wide rollout of buy online, pick up in store same day. These and other initiatives reinforce our confidence in our ability to achieve $1 billion in EBITDA for 2016.”

For the quarter, Sephora, Home, and Footwear and Handbags were the Company’s top performing divisions. Geographically, the Ohio Valley and Pacific were the best performing regions of the country.

For the second quarter, gross margin was 37.1 % of sales, a 10 basis point improvement compared to the same period last year.

SG&A expenses for the quarter decreased $48 million to $853 million, or 29.2 % of sales, representing a 210 basis point improvement from last year. These savings were primarily driven by lower corporate overhead, incentive compensation, store controllable costs and more efficient advertising spend.

For the second quarter, the Company delivered a 52% improvement in net loss over the prior year to $(56) million or $(0.18) per share. Excluding the previously announced write-off of unamortized debt issuance costs of $34 million related to the closing of the real estate term loan refinancing and other items, adjusted earnings per share improved 88% to a loss of $(0.05) per share for the second quarter this year compared to a loss of $(0.40) per share last year.

EBITDA improved $85 million to $229 million for the quarter, a 59 % improvement from the same period last year. Excluding restructuring charges and the proportional share of net income from the home office land joint venture, adjusted EBITDA improved 69 % to $233 million, a $95 million improvement from the same period last year.

A reconciliation of GAAP to non-GAAP financial measures is included in the schedules accompanying the consolidated financial statements in this release.

Outlook
The Company reaffirms its 2016 full year guidance as follows:

  • Comparable store sales: expected to increase 3% to 4%;
  • Gross margin: expected to increase 10 to 30 basis points;
  • SG&A dollars: expected to decrease versus 2015;
  • EBITDA: expected to be $1 billion;
  • Adjusted earnings per share: expected to be positive;
  • Free cash flow1: expected to improve versus 2015

The Company also announced an upcoming new store location in San Bernardino, Calif. at Inland Center, and the relocation of its store in Salinas, Calif. to a new space within Northridge Mall. The new store and relocation are both landlord funded projects, and are expected to be complete this fall. Each location will offer an appliance showroom, an expansive Sephora inside JCPenney and a flagship Salon by InStyle.

1 A reconciliation of non-GAAP forward-looking projections to GAAP financial measures is not available as the nature or amount of potential adjustments, which may be significant, cannot be determined at this time.

Second Quarter Earnings Conference Call Details
At 8:30 a.m. ET today, the Company will host a live conference call conducted by chairman and chief executive officer Marvin R. Ellison and chief financial officer Ed Record. Management will discuss the Company’s performance during the quarter and take questions from participants. To access the conference call, please dial (844) 243-9275, or (225) 283-0394 for international callers, and reference 56348291 conference ID or visit the Company’s investor relations website at http://ir.jcpenney.com.

Telephone playback will be available for 7 days beginning approximately two hours after the conclusion of the meeting by dialing (855) 859-2056, or (404) 537-3406 for international callers, and referencing 56348291 conference ID.

Investors and others should note that we currently announce material information using SEC filings, press releases, public conference calls and webcasts.  In the future, we will continue to use these channels to distribute material information about the Company and may also utilize our website and/or various social media to communicate important information about the Company, key personnel, new brands and services, trends, new marketing campaigns, corporate initiatives and other matters.  Information that we post on our website or on social media channels could be deemed material; therefore, we encourage investors, the media, our customers, business partners and others interested in our Company to review the information we post on our website as well as the following social media channels:

Facebook (https://www.facebook.com/jcp) and Twitter (https://twitter.com/jcpnews).

Any updates to the list of social media channels we may use to communicate material information will be posted on the Investor Relations page of the Company’s website at www.jcpenney.com

About JCPenney:
J. C. Penney Company, Inc. (NYSE:JCP), one of the nation’s largest apparel and home furnishings retailers, is on a mission to ensure every shopping experience is worth the customer’s time, money and effort. Whether shopping jcp.com or visiting one of over 1,000 store locations across the United States and Puerto Rico, customers will discover a broad assortment of products from a leading portfolio of private, exclusive and national brands.  Supporting this value proposition is the warrior spirit of over 100,000 JC Penney associates worldwide, who are focused on 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.

Forward-Looking Statements
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Words such as “expect” and similar expressions identify forward-looking statements, which include, but are not limited to, statements regarding sales, gross margin, selling, general and administrative expenses, earnings and cash flows.  Forward-looking statements are based only on the Company’s current assumptions and views of future events and financial performance. They are subject to known and unknown risks and uncertainties, many of which are outside of the Company’s control that may cause the Company’s actual results to be materially different from planned or expected results. Those risks and uncertainties include, but are not limited to, general economic conditions, including inflation, recession, unemployment levels, consumer confidence and spending patterns, credit availability and debt levels, changes in store traffic trends, the cost of goods, more stringent or costly payment terms and/or the decision by a significant number of vendors not to sell us merchandise on a timely basis or at all, trade restrictions, the ability to monetize non-core assets on acceptable terms, the ability to implement our strategic plan including our omnichannel initiatives, customer acceptance of our strategies, our ability to attract, motivate and retain key executives and other associates, the impact of cost reduction initiatives, our ability to generate or maintain liquidity, implementation of new systems and platforms including EMV chip technology, changes in tariff, freight and shipping rates, changes in the cost of fuel and other energy and transportation costs, disruptions and congestion at ports through which we import goods, increases in wage and benefit costs, competition and retail industry consolidations, interest rate fluctuations, dollar and other currency valuations, the impact of weather conditions, risks associated with war, an act of terrorism or pandemic, the ability of the federal government to fund and conduct its operations, a systems failure and/or security breach that results in the theft, transfer or unauthorized disclosure of customer, employee or Company information, legal and regulatory proceedings and the Company’s ability to access the debt or equity markets on favorable terms or at all.  There can be no assurances that the Company will achieve expected results, and actual results may be materially less than expectations.  Please refer to the Company’s most recent Form 10-K for a further discussion of risks and uncertainties. Investors should take such risks into account and should not rely on forward-looking statements when making investment decisions. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made.  We do not undertake to update these forward-looking statements as of any future date.

Media Relations:
(972) 431-3400
jcpnews@jcp.com

Investor Relations:
(972) 431-5500
jcpinvestorrelations@jcpenney.com

Source: J. C. Penney Company, Inc.

GameStop completes acquisition of AT&T authorized retailers: Cellular World Corp., Midwest Cellular, Inc., and Red Skye Wireless, Inc.

GRAPEVINE, TX, 2016-Aug-05 — /EPR Retail News/ — GameStop Corp.(NYSE: GME), a family of specialty retail brands that makes the most popular technologies affordable and simple, today announced that it has completed the acquisition of three national AT&T authorized retailers: Cellular World Corp.,Midwest Cellular, Inc., and Red Skye Wireless, Inc., adding 507 stores to its Technology Brands business.

In 2013, GameStop entered the mobile space by acquiring Spring Mobile, an AT&T authorized retailer with approximately 90 stores. Today, GameStop is AT&T’s largest authorized retailer with 1,421 AT&T Mobility stores. GameStop is also the largest retail distributor of Cricket Wireless with Cricket products and services available in 3,400 of its U.S. GameStop locations.

“Today’s announcement showcases the strength of our relationship with AT&T and fortifies our diversification efforts,” said Paul Raines, chief executive officer of GameStop. “With the continued investments in our Technology Brands business, we are on track to achieve our goal of generating $200 million of operating earnings in this growing segment by the end of 2019,” Raines added.

More information about the acquisitions will be discussed on the company’s second quarter earnings call on August 25, 2016.

About GameStop Corp.
GameStop Corp. (NYSE: GME), a Fortune 500 company headquartered in Grapevine, Texas, is a global, omnichannel video game, consumer electronics and wireless services retailer. GameStop operates more than 7,000 stores across 14 countries. The company’s consumer product network also includes www.gamestop.com; www.Kongregate.com, a leading browser-based game site; Game Informer® magazine, the world’s leading print and digital video game publication; and ThinkGeek, www.thinkgeek.com, the premier retailer for the global geek community featuring exclusive and unique video game and pop culture products. In addition, our Technology Brands segment includes Simply Mac and Spring Mobile stores. Simply Mac, www.simplymac.com, operates 74 stores, selling the full line of Apple products, including laptops, tablets, and smartphones and offering Apple certified warranty and repair services. Spring Mobile, www.springmobile.com, sells all of AT&T’s products and services, including DIRECTV through its 1,421 AT&T branded stores and offers pre-paid wireless services, devices and related accessories through its 70 Cricket branded stores in select markets in the U.S.

General information about GameStop Corp. can be obtained at the company’s corporate website. Follow GameStop on Twitter at www.twitter.com/GameStop and find GameStop on Facebook at www.facebook.com/GameStop.

Safe Harbor
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, future financial and operating results and projections, the company’s plans, objectives, expectations and intentions, and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of GameStop’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. GameStop undertakes no obligation to publicly update or revise any forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: the inability to obtain sufficient quantities of product to meet consumer demand, including console hardware and accessories; the timing of release and consumer demand for new and pre-owned video game titles; our ability to continue to expand, and successfully open and operate new stores for, our collectibles and tech brands businesses; risks associated with achievement of anticipated financial and operating results from acquisitions; our ability to sustain and grow our console digital video game sales; the risks associated with international operations, wireless industry partnerships and operations and the completion and integration of acquisitions; increased competition and changing technology in the video game industry, including browser and mobile games and digital distribution of console games, and the impact of that competition and those changes on physical video game sales; and economic, regulatory and other events, including litigation, that could reduce or impact consumer demand or affect the company’s business. Additional factors that could cause GameStop’s results to differ materially from those described in the forward-looking statements can be found in GameStop’s Annual Report on Form 10-K, as amended, for the fiscal year ended Jan. 30, 2016 filed with the SEC and available at the SEC’s Internet site at http://www.sec.gov or http://investor.GameStop.com.

Contact:
Matt Hodges
Vice President, Corporate Communications
GameStop Corp.
(817) 424-2130

Source: GameStop Corporation