Apranga APB sells Kirtimu street office and warehouse premises to Ogmios pulsas UAB

Vilnius, Lithuania, 2017-Aug-07 — /EPR Retail News/ — On 3 August 2017, Apranga APB has signed with Ogmios pulsas UAB an agreement on the sale of office and warehouse premises and other assets located in Kirtimu str. 51 in Vilnius. The value of the transaction of the sale of assets totalled EUR 6.05 million (including VAT). The transaction will have a positive impact of approximately EUR 3.4 million on results of year 2017.

“The company is located in Kirtimu str. 51 for almost 50 years, since 1970. We have been growing rapidly over the past few decades, expanding our network in three countries, with a great deal of technological change that has an impact on everyday activities. With a growing team of employees, we have come up with a new, modern and high-standard office and logistics center in order to offer the best possible work conditions. We focused on analysing international experience, interested in innovations and the latest technological solutions in the process of designing. We hope, that will not only facilitate the daily work processes of our employees, but also contribute to the creation of their welfare in the workplace and ensure optimal speed and product movement in all three Baltic States”, – Rimantas Perveneckas, the General Director of Apranga Group, said.

Apranga Group will lease the new complex, which will provide 15 400 square metres of space. According to plans nearly 200 employees will settle in the new premises in the first half of 2018. The complex of buildings will consist of one-three storey buildings, which will stand out with unique architecture, the highest technical requirements and energy efficiency.

The new Apranga Group administrative complex is developed by MG Valda, one of the largest real estate management and development companies in Lithuania.

Apranga APB temporarily will lease complex of buildings in Kirtimu str. 51 from a new owner Ogmios pulsas UAB till the new headquarters will be built and equipped.

Contact:

Rimantas Perveneckas
Apranga Group General Director
+370 5 2390801

Source: Apranga Group

BJ’s Wholesale Club Offers Businesses Unbeatable Value and Personalized Service with Launch of B2B Sales

BJ’s B2B division helps businesses increase their bottom line with special volume pricing and rewards on leading brands

WESTBOROUGH, Mass., 2017-May-24 — /EPR Retail News/ — BJ’s Wholesale Club today announced the launch of its B2B Sales division, offering businesses the best value and personalized service for volume orders. Businesses can take advantage of BJ’s special volume pricing, easy ordering and pickup and coordination of multiple pallet, truckload or container orders. Businesses can use purchases made through B2B Sales for individual needs or resale with a minimum purchase of $5,000.

“BJ’s B2B Sales division minimizes stress and maximizes savings for businesses,” said Mike Leary, senior vice president, food, sundries and beverages at BJ’s Wholesale Club. “BJ’s leverages its unique buying power to offer the lowest prices possible on grocery and general merchandise items, providing businesses with everything they need at an incredible value.”

BJ’s B2B Sales provides domestic and international businesses a streamlined process – from ordering to delivery with no extra fees. Orders are shipped directly to the BJ’s location chosen by the business.

Businesses can save even more through the BJ’s Volume Rewards Program, earning back 1.6 percent of in-Club or BJs.com purchases – with no cap on rewards. Rewards are paid out monthly and applied toward future volume orders.

To learn more about BJ’s B2B Sales or to contact a B2B Sales Representative, visit BJs.com/B2BSales.

For smaller orders, BJ’s Wholesale Club also offers Members convenient shopping options including in-club shopping, BJs.com and its recently launched PICK UP & Pay service.

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About BJ’s Wholesale Club, Inc.
Headquartered in Westborough, Massachusetts, BJ’s is the leading operator of membership warehouse clubs in the Eastern United States. The company currently operates 214 clubs and 132 BJ’s Gas
® locations in 16 states. 

BJ’s provides a one-stop shopping destination filled with top-quality, leading brands, including its exclusive Wellsley Farms and Berkley Jensen brands, along with USDA Choice meats, premium produce and delicious organics, many in supermarket sizes. BJ’s is also the only major membership warehouse club to accept all manufacturers’ coupons and, for greater convenience, offers the most payment options.

Visit www.BJs.com, and for exclusive content find us on Facebook, Twitter, Pinterest and Instagram.

BJ’s is wholly owned by affiliates of Leonard Green & Partners, CVC Capital Partners and its management team.

Dollarama Inc. invests $60 million for a new warehouse in Montreal, Quebec

MONTRÉAL, Québec, 2016-Feb-09 — /EPR Retail News/ — Dollarama Inc. (TSX: DOL) (“Dollarama” or the “Corporation”) announced today that its Board of Directors approved an investment of approximately $60 million in the construction of a new warehouse in Montreal, Quebec.

The new 500,000 square-foot warehouse will be located in the Lachine borough near the intersection of highways 13 and 520, in close proximity to Dollarama’s existing, centralized warehousing and distribution operations. The new facility will increase Dollarama’s total warehousing capacity by approximately 40% on a square footage basis, thereby accommodating capacity requirements as the Corporation continues to expand its store network.

Given Dollarama’s strong free cash flows, well in excess of the cost of the project, Dollarama has opted to own the facility instead of leasing it from a third party. The land, comprised of two contiguous properties, is being acquired from a party related to Dollarama, at the same price paid by such party in an arm’s length transaction.

As a result of this investment, capital expenditures guidance for the fiscal year ending January 29, 2017 has been revised from a range of $100 million to $110 million to a range of $160 million to $170 million. The increase accounts for land and building costs as well as professional fees, but excludes some equipment costs which had already been factored into the initial forecast.

Construction is scheduled to begin in early spring, with completion expected towards the end of 2016.

About Dollarama
Dollarama is Canada’s leading dollar store operator with 1,005 locations across the country. Our stores provide customers with compelling value in convenient locations, including metropolitan areas, mid-sized cities and small towns. Dollarama aims to provide customers with a consistent shopping experience, offering a broad assortment of everyday consumer products, general merchandise and seasonal items. Our quality merchandise is sold in individual or multiple units at select fixed price points up to $3.00.

Forward-Looking Statements
Certain statements in this press release about our current and future plans, expectations and intentions, results, levels of activity, performance, goals or achievements or any other future events or developments constitute forward-looking statements. The words “may”, “will”, “would”, “should”, “could”, “expects”, “plans”, “intends”, “trends”, “indications”, “anticipates”, “believes”, “estimates”, “predicts”, “likely” or “potential” or the negative or other variations of these words or other comparable words or phrases, are intended to identify forward-looking statements.

Forward-looking statements are based on information currently available to us and on estimates and assumptions made by us regarding, among other things, general economic conditions, construction costs and timelines as well as other factors that we believe are appropriate and reasonable in the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements, including, but not limited to, the factors discussed in the “Risks and Uncertainties” section of the Corporation’s management’s discussion and analysis (available on SEDAR at www.sedar.com).

These factors are not intended to represent a complete list of the factors that could affect us; however, they should be considered carefully. The purpose of the forward-looking statements is to provide the reader with a description of management’s expectations regarding the Corporation’s financial performance and may not be appropriate for other purposes; readers should not place undue reliance on forward-looking statements made herein. Furthermore, unless otherwise stated, the forward-looking statements contained in this press release are made as at February 2, 2016 and we have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

For further information:
Investors
Michael Ross, FCPA, FCA
Chief Financial Officer
514-737-1006 x1237
michael.ross@dollarama.com

Media
Lyla Radmanovich
(514) 845-8763
media@rppelican.ca

www.dollarama.com

Burton announce VAT price reductions will be passed on to all customers from the 1st December

Following The Chancellor of the Exchequer Alistair Darling’s decision to cut Value Added Tax (VAT) from 17.5 per cent to 15 per cent, Sir Philip Green’s Arcadia Group has released a statement on behalf of a group of the high street’s most powerful retailers, confirming they will pass the full VAT cut onto their customers.

The change in the VAT rate will mean huge changes for all the shops in the Arcadia group, as all shelving and register prices will need to be updated. However, Burton, Arcadia, Mosaic Fashions, Bhs, Marks & Spencer, New Look and Next all confirmed in the statement they planned to pass the 2.5% VAT cut on to customers on Monday, or soon afterwards.

The group of retailers covers some of the biggest names on the high street, including; Topshop, Topman, Wallis, Dorothy Perkins, Miss Selfridge, Evans, Burton, Bhs, Oasis, Coast, Karen Millen, Warehouse, Principles, Shoe Studio Group, Jane Norman, New Look and Next fascias.

The statement by Sir Philip said: “Following the recent announcement reducing VAT from 17.5% to 15%, equating to a price reduction of 2.13%, we are pleased to confirm that it is our intention to pass the benefit of this reduction onto our customers.”

The price reduction will be given on standard rated product and will be applied on, or as soon after Monday December 1 as possible.

The statement added that this would, “allow for the complexities of implementing the changes required.”

It is unclear how the price cuts will be implemented, however many retailers are expected to take off the discount at the till point rather than by re-ticketing stock.

For Burton, all mens clothing, mens suits and mens accessories will be adjusted at point of purchase as of 1st December 2008.

About Burton
Burton has a long history in men’s clothing and fashion, having been founded in 1903 by Montague Burton in Chesterfield. Burton now has over 400 outlets all over the UK and Ireland making it one of the country’s largest sellers of casual and formal menswear, including mens shirts, jeans, jackets, knitwear, shorts, shoes, underwear and accessories.

Customers can also shop online from the Burton.co.uk website which offers free returns in-store or by post and fast delivery to their home.

Via EPR Network
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