Tag Archives: Q2 2016

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PetSmart announces that it has opened 11 new stores in the U.S. and Canada in Q2 2016

Phoenix, 2016-Oct-05 — /EPR Retail News/ — PetSmart, Inc. today (Oct. 4, 2016) announced that it has opened 11 new stores in the U.S. and Canada for the quarter ending August 1, 2016. This adds to the 12 new stores opened in the first quarter of the year, bringing the total for the year to 23. PetSmart will open nearly 60 new stores by the end of the year to achieve its goal of 80 net new stores in 2016.

New stores were opened in the second quarter in the following locations:

  • Fresno, Calif.
  • Oak Creek, Wis.
  • Victoria, British Columbia
  • Naples, Fla.
  • Baytown, Texas
  • Pompano Beach, Fla.
  • Billings, Mont.
  • Orange, Calif.
  • Katy, Texas
  • Trexlertown, Pa.
  • Taylor, Mich.

The new stores average around 14,000 square feet with service offerings such as grooming and pet training.

“We continue to identify opportunities for growth in North America,” said Brian Amkraut, senior vice president of real estate, strategy and initiatives, PetSmart. “New store locations provide us with the ability to increase customer convenience and improve our competitive position.”

PetSmart operates 1,477 stores in the U.S., Canada, Puerto Rico and 203 in-store PetSmart® PetsHotel® dog and cat boarding facilities.

About PetSmart®

PetSmart, Inc. is the largest specialty pet retailer of services and solutions for the lifetime needs of pets. At PetSmart, we love pets, and we believe pets make us better people. Every day with every connection, PetSmart’s passionate associates help bring pet parents closer to their pets so they can live more fulfilled lives. This vision impacts everything we do for our customers, the way we support our associates and how we give back to our communities. We employ approximately 53,000 associates, operate 1,477 pet stores in the United States, Canada and Puerto Rico and 203 in-store PetSmart® PetsHotel® dog and cat boarding facilities. PetSmart provides a broad range of competitively priced pet food and pet products and offers dog training, pet grooming, pet boarding, PetSmart Doggie Day Camp day care services and pet adoption services in-store. Our portfolio of digital resources for pet parents – including PetSmart.com, PetFoodDirect.com, Pet360.com and petMD.com – offers the most comprehensive online pet supplies and pet care information in the U.S. Through our in-store pet adoption partnership with independent nonprofit organizations, PetSmart Charities® and PetSmart Charities™ of Canada, PetSmart helps to save the lives of more than 500,000 homeless pets each year pets each year and just hit a major milestone, its 7 millionth pet adoption since beginning the in-store adoptions in 1994.

Follow PetSmart on Twitter: @PetSmart
Find PetSmart on Facebook: www.facebook.com/PetSmart
See PetSmart on YouTube: www.YouTube.com/PetSmart

Contacts:
Melissa Wenzel
PetSmart
623-587-2177
mwenzel@petsmart.com

Source: PetSmart

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Groupe Casino Q2 2016: Group organic growth of +3.8%; market share gains in France

Paris, France, 2016-Jul-16 — /EPR Retail News/ —

In France, sales up +1.2% on an organic basis and +0.2% on a same-store basis

  • Géant Casino: +2.2%(1) growth (same-store and organic) and ongoing gains in market share
  • Leader Price: sales up +1.7% on an organic basis and +1.1% on a same-store basis
  • Supermarchés Casino: organic growth of +3.1% and same-store growth of +1.2%, and market share gains

In Latin America, food sales up +11.8% on an organic basis

  • Exito (excluding Brazil): acceleration in organic and same-store growth, led by good performances in Colombia, Uruguay and Argentina
  • GPA Food: sequential improvement in activity with organic growth of +11.4% and same-store growth of +6.3%
  • Via Varejo: positive sales on an organic basis (+0.3%) and same-store basis (+2.6%) after four consecutive quarters of declining revenues

E-commerce:

  • Cdiscount: organic growth of +10.6% and gross merchandise volume up +12.6%
  • Cnova Brazil: sharp decline in activity considering the high basis of comparison in Q2 2015 and the economic slowdown in Brazil

“Full results”  http://www.groupe-casino.fr/en/wp-content/uploads/sites/2/2016/07/2016-13-07-PR-Q2-2016-Sales_v2.pdf

ANALYST AND INVESTOR CONTACTS:

Régine Gaggioli
Tel: +33 (0)1 53 65 64 17
rgaggioli@groupe-casino.fr
+33 (0)1 53 65 24 17
IR_casino@groupe-casino.fr

PRESS CONTACTS
Casino
Tél : +33 (0)1 53 65 24 78
Directiondelacommunication@groupe-casino.fr

IMAGE 7
Grégoire Lucas
Tél : +33 (0)1 53 70 74 84
Mob : +33 (0)6 71 60 02 02
glucas@image7.fr

Source: Casino group

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CBRE Group: Vacancy in the U.S. office market declined during Q2 2016

Los Angeles, 2016-Jul-14 — /EPR Retail News/ — Vacancy in the U.S. office market saw a modest decline of 10 basis points (bps) during the second quarter of 2016 (Q2 2016), dipping to 13.0%, according to the latest analysis from CBRE Group, Inc. The national office vacancy rate remains at the lowest level since 2008, with a 40-bps decline over the past year.

The suburban vacancy rate decreased by 20 bps, to 14.4%, while downtown vacancy increased by 10 bps, to 10.5%.

“We continue to see slow, steady improvement in office market fundamentals, with most markets remaining in balance with stable demand, limited new supply and modest rent growth,” said Jeffrey Havsy, Americas’ chief economist for CBRE. ”While global economic uncertainty has led some tenants to slow decision making on new space we remain on a path that balances tenant demand with space availability.”

Vacancy continued to improve in a majority of U.S. markets, declining in 38 of 63 office markets and remaining unchanged in five. The largest quarterly declines were recorded in two Florida markets—Orlando (110 bps) and Jacksonville (100 bps)—and Las Vegas (100 bps). St. Louis, Phoenix, Richmond, Sacramento, San Antonio, Minneapolis, Newark and Oklahoma City each declined by at least 70 bps.

Over the past year mid-sized cities have set the pace for improved market conditions. These markets include Orlando, Oakland, Phoenix, Detroit, Nashville, San Jose, Jacksonville, St. Louis, Albany, Charlotte and Milwaukee. The nation’s lowest vacancy rates in Q2 2016 were in Nashville (6.1%), San Francisco (6.2%), San Jose (8.6%), Austin (8.7%), Seattle (8.9%) and Pittsburgh (9.0%).

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 (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

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

Source: CBRE