The Home Depot® acquires leading online retailer of textiles and home décor products The Company Store

ATLANTA, 2017-Dec-28 — /EPR Retail News/ — The Home Depot® announced today (Dec 21, 2017) that it has acquired The Company Store, a leading online retailer of textiles and home décor products, from Hanover Direct. The deal closed on December 19 and terms were not disclosed.

In addition to its success as an online retailer, The Company Store has strong relationships and industry leading capabilities in the development and sourcing of high quality textiles across bedding, bath, and related categories.  Founded in 1911, The Company Store has a rich history of providing products that are highly sought after by customers as they put the finishing touches on a room.

“The acquisition of The Company Store provides product development and sourcing capabilities to help us expand our online décor business into broader categories across the entire home,” said Craig Menear, chairman, CEO and president of The Home Depot.  “On behalf of our 400,000-plus associates, I want to welcome The Company Store’s talented associates into The Home Depot family.”

The acquisition does not include The Company Store’s five retail locations.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,284 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2016, The Home Depot had sales of $94.6 billion and earnings of $8.0 billion. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Forward-Looking Statements

Certain statements contained herein constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to, among other things, the demand for our products and services; effects of competition; state of the residential construction, housing and home improvement markets; capital allocation and expenditures; financial outlook; and integration of The Company Store into our organization and the ability to recognize the anticipated synergies and benefits of the acquisition. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control or are currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include but are not limited to those described in Item 1A, “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 29, 2017 and in our subsequent Quarterly Reports on Form 10-Q.

Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our periodic filings with the Securities and Exchange Commission.

SOURCE: The Home Depot

Kering again the Industry Leader in the 2017 Dow Jones Sustainability Index – ‘Textiles, Apparel & Luxury Goods’ sector

London, 2017-Sep-20 — /EPR Retail News/ — Kering has been recognised for the 3rd time as the Industry Leader in the 2017 Dow Jones Sustainability Index (DJSI) in the ‘Textiles, Apparel & Luxury Goods’ sector. Considered as the standard for measuring corporate sustainability, the DJSI awarded Kering the top score overall for its environmental and social performance in its sector, following a comprehensive assessment against 23 criteria across 3 categories, and compared to its sector and Luxury peers.

Kering’s efforts to embed sustainability across its entire supply chain and the progressive targets linked to the Group’s new 2025 sustainability strategy have translated into industry-leading results. Kering’s leadership was particularly highlighted in its achievement of ‘Industry Best’ scores within the Economic, Environmental and Social Dimension categories, including the areas of: Product Stewardship, Operational Eco-Efficiency, Labour Practice Indicators, Brand Management, Human Capital Development and Stakeholder Engagement.

“To be included again as the ‘Industry Leader’ in the DJSI annual ranking is an honour and a testament to our long-time commitment and continued efforts to set the highest standards of best practices in Luxury,” said Marie-Claire Daveu, Chief Sustainability Officer and Head of international institutional affairs of Kering. “I am particularly proud that this year we received the top score overall in Product Stewardship, which reflects the strides we have been making on eco-design, material recycling and regeneration, and innovation.”

The DJSI is the gold standard for corporate sustainability and tracks the leading sustainability-driven companies based on RobecoSAM’s analysis of financially material Environmental, Social, and Governance (ESG) factors and S&P DJI’s robust index methodology. The DJSI’s ESG assessment criteria achieves deeper insights into companies’ sustainability practices and, in turn, enables investors to analyse the many economic, environmental and social factors that are relevant to companies’ success.

About Kering
A global Luxury group, Kering develops an ensemble of luxury houses in fashion, leather goods, jewelry and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering encourages its brands to reach their potential, in the most sustainable manner. The Group generated revenue of €12.385 billion in 2016 and had more than 40,000 employees at year end. The Kering share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

Press Contacts:
Emmanuelle Picard-Deyme
+ 33 (0)1 45 64 61 87
emmanuelle.picard-deyme@kering.com

Mich Ahern
+ 44  (0) 7984 684 454
mich.ahern@gmail.com

Twitter: @KeringGroup
LinkedIn: Kering
Instagram: @kering_official 
YouTube: KeringGroup

Source: Kering Group

B2B ECOMMERCE SOLUTION — Seamless 2-way ordering for brands & retailers

Meggen, Switzerland, 2017-Feb-14 — /EPR Retail News/ — MDM GROUP AG’s IPO will now take place in the second quarter of 2017 and not at the end of the year. The company aims to generate fresh capital by going public, which will allow it to invest additional funds in merchandise trading.

Retail investors will also be able to easily benefit from the company’s business model.

High revenues are generated in the retail sector in Germany every year.

Gross profit margins are particularly interesting for investors.

They often average 30 percent.

MDM GROUP AG works in this market segment. Specifically, the group mostly trades in textiles, remainders, specialty items, and merchandise from insolvency proceedings.

MDM GROUP AG has already recorded high profits in this segment.

In the international retail segment, the company’s revenues have grown by around 400 percent in the last two years alone.

The company can already record profits when making purchases. The merchandise, such as textiles, remainders, specialty items, and goods from insolvency proceedings from many top manufacturers are bought in at very favorable conditions.

The high purchasing volumes mean that savings of up to 90 percent compared to the regular wholesale price are standard.

In addition to low purchase prices for goods, in 2017 the company is also planning to purchase two top textile brands which will extend its product offering even further and will also allow the group to directly impact prices.

Thanks to its unique distribution network, the company can resell the purchased goods in a short period.

In this regard, the group works together with a large number of online distribution partners and can thus always select the most efficient marketing channel for the products.

This allows the company to not only turn over the goods quickly, but also to realize the maximum income from their sale.

The MDM GROUP purchases and sells goods every month, thus turning over the invested amounts several times.
Profits can be realized with every transaction.

The company does not receive investments from bank loans, but via subordinated loans.

Private individuals can lend the company money and receive interest in return.

The interest is fixed and agreed in advance and currently totals nine percent according to the company’s information.

Interest of up to 20 percent is even possible for special programs.

About MDM GROUP AG
MDM GROUP is a Swiss company which invests in all types of products.

The company has specialized in trading with textiles, remaining stock and special items, as well as goods from insolvency proceedings.

The business principle is to acquire the goods at substantially reduced prices of up to 90 percent less than the regular wholesale price.

As a result, the company records high profit margins.

Private individuals can invest in this business via subordinated loans.

Remuneration with fixed interest rates is agreed in this regard.

In addition, in future the MDM Group will participate in the luxury car segment.
Extensive negotiations in this regard are already being held with one of the best known car dealers and the head of sales in Germany.

Details of this will be published soon.

Contact-Details: MDM Group AG
Frau Ozlem Utanc
Rütliweg 3
6045 Meggen
Schweiz
ozlem@mdmgroup.ch

SOURCE: EPR Network