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ReposiTrak’s Randy Fields Reveals How Retailers Can Best Address Out-of-Stocks to Industry Guru Kevin Coupe in New Podcast Series

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MorningNewsBeat Content Guy Kevin Coupe interviewed Randy Fields, Chairman and CEO of Park City Group (NASDAQ: PCYG) and ReposiTrak, for a special podcast series on the existential threat that out-of-stocks (OOS) pose to the grocery industry in the era of omnichannel commerce. MorningNewsBeat provides news and commentary on the retail industry. ReposiTrak is the industry leader in solutions for stock replenishment, compliance, sourcing, food safety and risk management in the retail supply chain.

Well-known in the retail industry for his insights on emerging trends, Coupe interviewed Fields for a special five-part podcast series titled Solving the Existential Out-of-stock Challenge. The series explores why the age-old problem of out-of-stocks has taken on more urgency for traditional food retailers now that Amazon has entered the grocery market.

On the podcast Fields discusses in depth the consequences of products missing on store shelves to the retailers business as Amazon expands its home delivery services as well as the steps that retailers and suppliers need to take to fix problem. Out-of-stocks drive consumers out of the stores, Fields tells Coupe. Retailers are going to have to get suppliers motivated and focused on fixing the out-of-stock problem at a particular store.

ReposiTrak OOS Management Solution has cut out-of-stocks by average of 46 percent for 70 percent of vendor using that solution in under three months. The solution helps retailers and suppliers reduce out-of-stocks by using proven technology and proprietary algorithms that identify out-of-stocks at the store, stock-keeping unit (SKU) and route level. The ReposiTrak expert team then works with retailers and suppliers to take actions to address out-of-stocks.

The ReposiTrak Platform drives growth and supports all supply and demand chain activities for retailers, manufacturers, and their trading partners, consisting of three product families; Compliance & Risk Management, Supply Chain Solutions, and MarketPlace Sourcing and B2B Commerce. Delivered via one technology platform, all the applications are mutually reinforcing and work synergistically to create value and positive impact across the entire enterprise. The out-of-stock solution is part of ReposiTraks Supply Chain family of solutions.

About Park City Group and ReposiTrak

Park City Group (NASDAQ: PCYG) is a Software-as-a-Service (SaaS) provider that brings visibility to the consumer goods supply chain through its ReposiTrak, Inc. subsidiary. ReposiTrak has three product families; Compliance & Risk Management, Supply Chain Solutions, and MarketPlace Sourcing and B2B Commerce. The platform provides retailers and suppliers with a robust solution suite to help enhance operational control and increase sales, while enabling them to protect their

brands, reduce risk and remain in compliance with regulatory requirements. More information is available at www.parkcitygroup.com and at www.repositrak.com.

About MorningNewsBeat

MorningNewsBeat provides retail news in context and analysis with attitude by its founder, Kevin Coupe. www.morningnewsbeat.com

Media Contact

Ronald Margulis

RAM Communications

908-272-3930

[email protected]

Company Contact

Randall K. Fields

Chairman & CEO ReposiTrak

435-645-2100

[email protected]

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Brixmor Property Group Prices Offering Of Senior Notes

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NEW YORK, March 2, 2021 /PRNewswire/ — Brixmor Property Group Inc. (NYSE: BRX) (the “Company”) announced today that its operating partnership, Brixmor Operating Partnership LP (the “Operating Partnership”), priced an offering of $350 million aggregate principal amount of 2.250% Senior Notes due 2028 (the “Notes”). The Notes will be issued at 99.817% of par value with a coupon of 2.250%. Interest on the Notes is payable semi-annually on April 1 and October 1 of each year, commencing October 1, 2021.  The Notes will mature on April 1, 2028.  The offering is expected to close on March 5, 2021, subject to customary closing conditions.

The Operating Partnership intends to use the net proceeds from this offering for general corporate purposes, which may include repaying all or a portion of the Company's 350.0 million term loan that matures on December 12, 2023.  Barclays Capital Inc., J.P. Morgan Securities LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.

The Operating Partnership has filed an effective registration statement (including a prospectus supplement and accompanying base prospectus) with the Securities and Exchange Commission (the “SEC”) relating to the offering to which this communication relates. Before making an investment in the Notes, potential investors should read the prospectus supplement, the accompanying prospectus and the other documents that we and the Operating Partnership have filed with the SEC for more complete information about us and the offering. Potential investors may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies may be obtained from: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling 1-888-603-5847 or by emailing [email protected]; J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, Attention: Investment Grade Syndicate Desk, 3rd Floor, or by telephone: 1-212-834-4533; Truist Securities, Inc., 303 Peachtree Street, Atlanta, GA 30308, Attn: Prospectus Dept, or by telephone at (800) 685-4786; or Wells Fargo Securities, LLC,, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attn: WFS Customer Service, Email: [email protected], Toll-Free: 1-800-645-3751.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these Notes in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.  Any offer or sale of the Notes will be made only by means of a prospectus supplement relating to the offering of the Notes and the accompanying prospectus.

ABOUT BRIXMOR PROPERTY GROUP

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 393 retail centers comprise approximately 69 million square feet of prime retail space in established trade areas.  The Company strives to own and operate shopping centers that reflect Brixmor's vision “to be the center of the communities we serve” and are home to a diverse mix of thriving national, regional and local retailers.  Brixmor is a proud real estate partner to approximately 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets, Wal-Mart, Ross Stores and L.A. Fitness.

SAFE HARBOR LANGUAGE

This press release may contain 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.  These statements include, but are not limited to, statements related to the Company's expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements.  You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,”  “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company's Annual Report on Form 10-K for the year ended December 31, 2020, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Currently, one of the most significant factors that could cause actual outcomes to differ materially from forward-looking statements is the adverse effect of the current pandemic of the novel coronavirus, or COVID-19, or any mutations thereof, on the financial condition, operating results and cash flows of the Company, the Company's tenants, the real estate market, the global economy and the financial markets. The COVID-19 pandemic has impacted us and our tenants significantly, and the extent that it continues to impact the Company and its tenants will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the speed and effectiveness of vaccine and treatment developments and deployment, potential mutations of COVID-19, including SARS-CoV-2 and the response thereto, the direct and indirect economic effects of the pandemic and containment measures, and the potential for changes in consumer behavior to be sustained, among others. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

 

Brixmor Property Group Logo. (PRNewsFoto/Brixmor Property Group)

 

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SOURCE Brixmor Property Group Inc.

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Federated Hermes, Inc.'s CEO to participate in RBC Capital Markets Global Financials Conference

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PITTSBURGH, March 2, 2021 /PRNewswire/ — Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today announced that President and CEO J. Christopher Donahue is scheduled to participate in a virtual moderated discussion at the 2021 RBC Capital Markets Global Financials Conference from approximately 2 to 2:30 p.m. Eastern on Tuesday, March 9, 2021.

Investors and other interested parties can listen to a live webcast of the presentation via FederatedHermes.com. To listen to the live presentation online, go to the Investor Relations section of the website and the Analyst Information tab at least 15 minutes prior to register and join the call. A replay will be available on this site for seven days.

Federated Hermes, Inc. is a leading global investment manager with $619.4 billion in assets under management as of Dec. 31, 2020. Guided by our conviction that responsible investing is the best way to create wealth over the long term, our investment solutions span 163 equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies and a range of separately managed account strategies. Providing world-class active investment management and engagement services to more than 11,000 institutions and intermediaries, our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes' more than 1,900 employees include those in London, New York, Boston and offices worldwide. For more information, visit FederatedHermes.com.

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SOURCE Federated Hermes, Inc.

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Federal Realty Investment Trust to Present at Citi 2021 Virtual Global Property CEO Conference

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NORTH BETHESDA, Md., March 2, 2021 /PRNewswire/ — Federal Realty Investment Trust (NYSE:FRT) announced today that Donald C. Wood, President and Chief Executive Officer, will present at the Citi 2021 Virtual Global Property CEO Conference on Wednesday, March 10, 2021 from 8:15 AM ET to 8:50 AM ET.

Event: Federal Realty Investment Trust Presentation at the Citi 2021 Virtual Global Property CEO Conference

When: 8:15 AM ET, Wednesday, March 10, 2021

Live Webcast: Federal Realty Citi Global Property CEO Presentation or under the Investors tab at www.federalrealty.com

A replay of the webcast will be available on Federal Realty's website at www.federalrealty.com through March 10, 2022.

About Federal Realty

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty's 101 properties include approximately 2,800 tenants, in 23 million square feet, and approximately 2,900 residential units. 

Federal Realty has increased its quarterly dividends to its shareholders for 53 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.

Inquiries:
Leah Andress Brady
Investor Relations Senior Manager
301.998.8265
[email protected]

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SOURCE Federal Realty Investment Trust

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