Carrefour signs the 2018 French Business Climate Pledge

Carrefour signs the 2018 French Business Climate Pledge

 

Boulogne-Billancourt, France, 2017-Dec-13 — /EPR Retail News/ — Carrefour signed the 2018 French Business Climate Pledge alongside more than 90 other French companies.

Carrefour’s commitments:
-> Reduce the CO2 emissions generated by its stores throughout the world by 40% between now and 2025 (compared with 2010 levels), and by -70% by 2050. It is taking action at two levels: the primary direct sources of CO2 emissions (energy consumption and use of refrigerants), and indirect sources – the carbon footprints of the goods that it sells and their transportation in particular.

-> Invest in low CO2-emitting technologies by introducing an internal price for CO2 in investment projects.

> Reduce energy consumption by 30% by 2025
Carrefour’s Anti-waste plan involves installing closed refrigeration units, using LED lighting systems, managing intelligent meters in stores and sharing examples of best practice. A new “energy independent store” project being introduced in France will feature the most effective technologies and innovations.

-> Develop renewable energy production initiatives that involve photovoltaic panels at our stores and our logistics hubs.

-> Reduce CO2 emissions generated by coolant production by 40% by 2025.
Since 2015, Carrefour has invested €150 million: Phasing out of hydrofluorocarbons, introducing new facilities that have been in testing since 2009 that involve natural fluids (CO2), generating “clean” cold. A major commitment made within the collective framework of the Consumer Goods Forum (400 companies, 70 countries). Thanks to these initiatives, Carrefour has reduced its CO2 emissions by 45.3% since 2010.

> Reduce CO2 emissions generated by transport operations by 30% by 2025
This has involved reducing distances, phasing out empty return journeys and filling lorries more efficiently. Alternatives to diesel are being developed: 6 hybrid vehicles are currently being tested and a fleet of 200 vehicles running on biomethane will be rolled out between now and 2017. Tackling waste also means tackling pollution: no more fine particles, 90% lower CO2 emissions.

-> Include our suppliers in tackling climate change
70% of the CO2 emissions associated with a given product are generated upstream by the farming sector. Carrefour has therefore pledged within the framework of the Consumer Goods Forum – an authority that represents the consumer sector – that it is going to stop deforestation before 2020, phase out HFCs and halve the amount of food waste generated between now and 2025.

Carrefour is also involving its suppliers in agro-ecology through its “Carrefour Quality Lines” (nearly 20,000 producers throughout the world) and is taking action to reduce food waste. Its various initiatives include putting products with short shelf lives on special offer, introducing longer expiry dates, giving donations to charities (more than 142 million meals were donated in 2016), providing customers with information, making changes to the way in which fruit and vegetables are packed and testing new types of packaging.

For all request about the Carrefour Group (sales, financial results, governance, international,…), please contact the Carrefour Group media relations office:

. By phone:

Switchboard: +33 (0)1 41 04 26 00

For journalists: +33 (0)1 41 04 26 17

. By e-mail: presse_groupe@carrefour.com

Source: Carrefour Group

###

H&M Group signs The Bangladesh Accord on Fire and Building Safety for another 3-year period

The Bangladesh Accord on Fire and Building Safety is essential in the work to improve the Bangladeshi garment factories. Since fire and building safety is extremely important to us and we want to continue to play an active role, we re-signed the Accord for yet another 3-year period on June 29th.

STOCKHOLM, Sweden, 2017-Jul-03 — /EPR Retail News/ — We are convinced of the positive impact of the work being done within the Accord and that it will reach its long-term aim: to make the textile industry in Bangladesh safer. We see continuous progress, but to further speed up the work and to be able to work on a wider level together with a joint force to reach the whole textile industry in Bangladesh, the work within the Accord is important. We will continue working closely together with IndustriALL to use our combined leverage where needed.

The new Accord agreement will be applicable from June 2018 and continues to consist of a broad coalition of international buyers, trade unions and factories, addressing fire and building safety in the ready-made-garment industry in Bangladesh. It will also continue to add on to our existing sustainability program and strict requirements on our suppliers. One addition in the new agreement is the promotion of freedom of association, another that trade unions are now included in the health and safety trainings.

The remediation work on fire safety in textile factories in Bangladesh is continuously showing progress. The new additional requirements from the Accord are gradually solved at more factories. Please visit the Accord web site or at the H&M web site to see detailed information on the progress.

Contact:
Camilla Emilsson Falk
+46 8 796 39 95

Source: H&M

The Gymboree Corporation signs Restructuring Support Agreement with majority of its Term Loan Lenders

Company Continues to Operate Business As Usual Restructuring Facilitated through Voluntary Chapter 11 Filing Will Reduce Debt by Over $900 Million Vast Majority of Trade Creditors Critical to Business Expected to be Paid in Full Secures $35 Million in New-Money Financing to Support Operations

San Francisco, 2017-Jun-13 — /EPR Retail News/ — The Gymboree Corporation (the “Company” or “Gymboree”) today ( June 11, 2017) announced that it has signed a Restructuring Support Agreement (“RSA”) with a majority of its Term Loan Lenders, securing critical stakeholder support for a comprehensive financial restructuring and recapitalization of the Company that will reduce Gymboree’s debt by more than $900 million, establish a sustainable capital structure and position the Company for long-term success.

“The steps we are taking today allow the Company to definitively address its debt and enable the management team to turn its full focus toward executing our key strategies, including our Product, Brand and Omni-channel initiatives,” said Daniel Griesemer, President and CEO of Gymboree. “The support of our lenders and their new financing commitment underscores their confidence in the Company. We have three great brands, strong operations and dedicated employees, and throughout this process, we will continue to deliver superior service to our customers and put them at the center of all we do. We expect to move through this process quickly and emerge as a stronger organization that is better positioned in today’s evolving retail landscape, with the right size store footprint and greater financial flexibility to invest in Gymboree’s long-term growth.”

To facilitate the financial restructuring and recapitalization, Gymboree today has elected to file voluntary Chapter 11 petitions (the “filing”) with the United States Bankruptcy Court for the Eastern District of Virginia (the “Bankruptcy Court”).

Gymboree expects to operate its overall business and the majority of its stores as usual during its financial restructuring. To this end, the Company has secured commitments for $35 million in new-money debtor-in-possession (“DIP”) financing from a majority of its existing Term Loan Lenders and up to $273.5 million in additional DIP financing from the existing lenders under Gymboree’s asset backed loan credit facilities which, in addition to Gymboree’s ongoing cash flow, will ensure the Company is able to continue meeting its financial obligations throughout the Chapter 11 case.

Gymboree today filed its RSA in Bankruptcy Court, along with a series of first day motions seeking authority to pay employee wages and benefits, honor customer commitments and otherwise manage its day-to-day operations as usual.

Gymboree expects to pay vendors in the normal course for all goods and services delivered on or after June 11, 2017. Payment for goods and services delivered prior to the filing will be addressed through the Chapter 11 process. It is currently expected that trade vendors that are critical to the Company’s business will be paid in full for pre-petition claims under the terms of the Plan. The Company has also asked for authority to honor the pre-petition claims of its critical foreign and other critical vendors and expects to receive court approval for these requests.

Additionally, the Company announced today that Andrew North is stepping down as CFO for personal reasons. Mr. North will remain with the Company for a period of time as a consultant. Liyuan Woo, Director at AlixPartners, has been appointed as Interim Chief Financial Officer, while the Company searches for a replacement for Andrew North. James A. Mesterharm, Managing Director and Co-Lead Turnaround & Restructuring Services at AlixPartners, has been appointed as Chief Restructuring Officer.

“Liyuan and Jim bring significant financial and restructuring experience to Gymboree and we are pleased to have them join the team,” continued Daniel Griesemer. “On behalf of the Board, I would like to thank Andy for his leadership, hard work and dedication to Gymboree.” Additional information regarding Gymboree’s financial restructuring is available at www.gymboreerestructuring.com. Court filings and information about the claims process are available at https://cases.primeclerk.com/gymboree or by calling Gymboree’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.

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 bank.

About The Gymboree Corporation
The Gymboree Corporation’s specialty retail brands offer unique, high-quality products delivered with personalized customer service. As of April 29, 2017, the Company operated a total of 1,281 retail stores: 582 Gymboree® stores (532 in the United States, 49 in Canada and 1 in Puerto Rico), 172 Gymboree Outlet stores (171 in the United States and 1 in Puerto Rico), 149 Janie and Jack® shops (148 in the United States and 1 in Puerto Rico) and 378 Crazy 8® stores in the United States. The Company also operates 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 development and results of its restructuring process, its liquidity, access to capital and business operations during the pendency of the 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, the risk that the Company’s restructuring may not be consummated in a manner beneficial to the Company and its operations; risks and uncertainties associated with the length of time the Company will operate as a debtor-in-possession, which is not yet known; risks associated with the bankruptcy process and third-party motions in the Chapter 11 proceedings, which may hinder or delay the Company’s ability to consummate its restructuring; the ability of the Company to obtain and maintain normal terms with customers, suppliers and service providers; the Company’s ability to maintain contracts that are critical to its operations during Chapter 11 proceedings; the Company’s financial performance and results; availability of sufficient cash flow to operate the Company, including to fund capital expenditures, during the Chapter 11 proceedings; demand for its products; and the risk factors set forth in the Company’s Transition Report on Form 10-K for the 26 weeks ended July 30, 2016 as filed with the Securities and Exchange Commission on October 28, 2016 and in subsequent reports filed with the SEC.
The Company’s actual results could differ materially from those expressed in, or implied by, the forwardlooking 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 The Gymboree Corporation.

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

Source: Gymboree

Whole Foods Market signs new lease for 365 by Whole Foods Market™ location at Buckhead area in Atlanta

AUSTIN, Texas, 2016-Aug-02 — /EPR Retail News/ — Whole Foods Market announced with its third quarter earnings that it has signed a new lease for a 365 by Whole Foods Market™ location in Atlanta. The store will be located in the Buckhead area and will feature a simple, affordable and convenient grocery-shopping experience that offers the same high quality standards that Whole Foods Market pioneered.

“As we continue to expand the 365 by Whole Foods Market footprint nationwide, we’re targeting communities where our fresh approach to grocery shopping will make the most impact,” said Jeff Turnas, president of 365 by Whole Foods Market. “We’ve seen a very positive response thus far with our first two stores and look forward to bringing this concept to the Atlanta area.”

This is the second location announced in Georgia; a Decatur location was announced in May. 365 by Whole Foods Market opened its first store in the Silver Lake neighborhood of Los Angeles in May 2016 and a second store in Lake Oswego, Oregon, earlier this month.

365 by Whole Foods Market stores provide a streamlined, quality-meets-value shopping experience. The Atlanta store, like other 365 by Whole Foods Market locations, will feature a curated mix of products that adhere to the company’s industry-leading quality standards in an environment that’s enjoyable and convenient for shoppers.

More details on store opening timing and Friends of 365 partners will be announced closer to opening. For the latest updates, visit www.365bywfm.com.

Contact:

Darrah Gist
darrah.gist@wholefoods.com
678.638.5888

Lauren Bernath
lauren.bernath@wholefoods.com
678.638.5805

Source: Whole Foods Market

Hippo signs solution partner agreement with Intershop

Amsterdam, the Netherlands, Jena, Germany, 2016-Jun-23 — /EPR Retail News/ — Hippo is pleased to announce the signing of a solution partner agreement with Intershop, a leading independent provider of enterprise solutions for omni-channel commerce. Intershop, headquartered in Jena, Germany serves more than 300 companies around the world with its solutions for modeling sales processes.

Partnering with Hippo means that Intershop clients have direct access to Hippo’s powerful content targeting and personalization capabilities to deliver truly engaging digital customer experiences. Both partners are looking forward to seeing the fruit of this in the near future.

René Verspuij, Partner Sales Manager at Intershop, comments: “The partnership with Hippo enables demanding omni-channel commerce customers in B2C and B2B to really deliver a powerful and flexible customer experience solution neatly integrated with the world class Intershop Commerce Suite. We are happy to see Hippo enter into our Synaptic Commerce landscape with a solution that already resonates well in the market.”

“There are many synergies between our product and the solutions Intershop has to offer”, says Steven Fockema, Partner Management Director at Hippo. “Together, we can offer our customers a competitive advantage in terms of storytelling and displaying the right content based on user context and behavior. We already did four shared client projects together and more are being planned  as we speak. Besides that, we have a lot of shared partners, like Incentro, Javelin Group (part of Accenture Digital) and Diva-e, which is a must towards integrating the two systems and guaranteeing smooth delivery.”

About Hippo

Hippo is on a mission to make the digital experience more personable for every visitor. We’re redefining the CMS space by engineering the world’s most advanced content performance platform, designed to help businesses understand their visitors – whether they are known or anonymous – and deliver the content they value in any context and on any device. Together with its global network of Certified Partners, Hippo serves a rapidly growing number of enterprise clients around the world including Bell Aliant, Autodesk, Couchbase, the University of Maryland, the Dutch Foreign Office, Randstad, Veikkaus, NHS, 1&1 Internet, Bugaboo and Weleda.

About Intershop

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

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

Press Contact:

Intershop Public Relations
Heide Rausch
Phone: +49 3641 50-1000
Fax: +49 3641 50-1309
E-Mail

Source:Intershop