REAL ESTATE

Ann Taylor’s Loft sets Canadian debut

BY Marianne Wilson

Toronto — Loft, a division of Ann Inc. — formerly known as Ann Taylor — will open its first Canadian location at Yorkdale Shopping Centre in Toronto, Ontario, in late 2012.

"Canada represents a natural step as we move to expand internationally, and we are excited to open our first store outside the U.S. in such a vibrant city like Toronto," said Gary Muto, brand president.

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FINANCE

Home Depot increases share buyback plan and reaffirms outlook

BY Staff Writer

Atlanta — The Home Depot on Wednesday expanded its share buyback plan for the year by $500 million and reaffirmed its full-year outlook.

The retailer said it now expects to buy back $4 billion of its shares and that the increase in its share repurchase plan would not have a material impact to earnings per share for 2012.

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OPERATIONS

Coinstar and Seattle’s Best Coffee to roll out coffee kiosks in supermarkets, drug stores and mass merchants nationwide

BY Marianne Wilson

Bellevue, Wash. — Coinstar, best known for its Redbox movie rental and its namesake coin-counting kiosks, and Seattle’s Best Coffee, part of Starbucks Coffee Co., have entered into an agreement to roll out Coinstar’s new Rubi coffee kiosk in groceries, drug stores and mass merchants. The kiosks will feature a variety of Seattle’s Best Coffee beverages.

The rollout will begin this summer, with approximately 500 kiosks expected by the end of the year and thousands of machines in place during the next several years.

"Together, we will deliver the kind of quality, convenience and value that we know coffee drinkers on-the-go will appreciate," said Coinstar CEO Paul Davis in the statement.

The Rubi kiosk will serve brewed Seattle’s coffee and specialty drinks, including mochas and vanilla lattes, with price points starting at $1.00. It occupies approximately nine square feet.

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