REAL ESTATE

Caribou Coffee opens 100th international location, plans to ramp up store count

BY Staff Writer

Minneapolis — Caribou Coffee Co. said Wednesday it has opened its 100th international operating location, located in Istanbul, Turkey. The new store, which opened May 10, is in partnership with master franchisee Al Sayer Group and Turkey’s Yildiz Holding, and is Caribou’s sixth store in Turkey.

Al Sayer Group currently operates 89 of Caribou’s 100 international locations in Turkey, Kuwait, United Arab Emirates, Lebanon, Bahrain, Jordan, Oman and Kingdom of Saudi Arabia.

Mike Tattersfield, president and CEO of Caribou Coffee, said the company plans to increase its international and domestic store count by 10% to 12% in 2012.

keyboard_arrow_downCOMMENTS

Leave a Reply

M.Fourcall says:
Oct-31-2012 11:26 am

This post has helped me to
This post has helped me to have another perspective. I am researching this topic for a paper I am writing. Your article provided me great insight of my topic. Rhode Island SEO

M.Fourcall says:
Oct-31-2012 11:26 am

This post has helped me to have another perspective. I am researching this topic for a paper I am writing. Your article provided me great insight of my topic. Rhode Island SEO

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
REAL ESTATE

Publix opening completes Boynton Lakes Plaza redevelopment

BY Katherine Boccaccio

Boynton Beach, Fla. — Jacksonville, Fla.-based shopping center owner Regency Centers said it has completed the redevelopment of Boynton Lakes Plaza, a 117,124-sq.-ft. neighborhood center in Boynton Beach, Fla., which included the addition of a 45,000-sq.-ft. Publix.

The new grocery anchor relocated from an undersized store in a nearby center and is slated to open on June 9.

Boynton Lake Plaza’s redevelopment included the demolition of a former Winn-Dixie store and the construction of anchor and side shop space, new exterior facade and architectural components, parking lot improvements, upgraded lighting and landscaping.

As part of Regency’s Greengenuity program to reduce the environmental impact of developing and operating shopping centers, the project incorporated basic sustainable elements such as recycling building materials, installing heat-reflective roof material and employing environmentally friendly plumbing fixtures, paint and coatings.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
FINANCE

Fresh Market Q1 profit soars 43%; on track to open up to 16 stores in 2012

BY Katherine Boccaccio

Greensboro, N.C. — Fresh Market reported Wednesday that profit for the first quarter climbed 43% to $19.3 million, from $13.5 million in the year-ago period.

Revenue rose 23% to $324.8 million, compared with $264.5 million in the previous year and surpassing Wall Street’s expected $310.6 million in revenue. Same-store sales increased 8.2%. The strong performance across the board prompted the grocer to bump its outlook for the year.

For fiscal 2012, the company said it expects to open 14 to 16 new stores, as well as relocate one store and remodel two.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...