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The Clinic, Denver

BY CSA STAFF
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Business is booming in the fast-growing business of medical and recreational cannabis. And the shops that specialize in the trade are taking their game up more than a few notches.

In July, The Clinic which operates five locations in Colorado, two in Illinois and one in Las Vegas, opened a flagship that shows just how much the industry has evolved from the sterile, sparsely decorated storefronts of just a couple years back.

Designed by JGA, Southfield, Mich., the new, 2,120-sq.-ft. Clinic offers customers a modern retail experience, with a clean, contemporary environment that is comfortable and easy to explore and personifies the brand’s art-meets-science-meets-nature aesthetic.

Warm, natural light fills the interior. A skylight is secured with custom metal millwork designed in The Clinic’s signature molecule/honeycomb shapes.

The open layout includes a medical area and a recreational area, each with a complementary, yet distinctive feel. Custom cases and display elements create a series of guest “pods” that are arranged organically, assuring each customer a degree of privacy and personal space.

Subtle hints of the company’s branding colors are applied to everything, from the weight scale to the upholstered seating areas to the graphics, and decorative light fixtures. It’s a clean and contemporary environment, with just the right balance of tech and touch

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FINANCE

Off-price giant soars in Q3; raises outlook

BY Marianne Wilson

The TJX Companies topped earnings and sales forecasts for its third quarter as deal-loving consumers flocked to its stores.

The off-price apparel and home goods retailer reported that net sales for its third quarter, ended Oct. 29, rose 7% to $8.3 billion, on top of a 5% increase last year.

Consolidated same-store sales rose 5%, over last year’s 5% increase. At Marmaxx, a division includes Marshall's and T.J. Maxx, same-store sales rose 5% compared to estimates for a 3.4% increase. HomeGoods reported a 6% same-store sales gain, beating estimates for a 5% increase. T.J. Maxx Canada saw sales rise 8%, higher than estimates for a 5.6% gain.

TJX’s net income for the third quarter was $550 million and diluted earnings per share were $.83.

Excluding the impact of a debt extinguishment charge and pension settlement charge, which combined reduced earnings per share by $.08, adjusted diluted earnings per share were $.91. This compares to diluted earnings per share of $.86 in the prior year.

The retailer lifted its full-year earnings outlook to $3.46 to $3.48 a share from a prior projection of $3.39 to $3.43 a share.

“We are extremely pleased that our strong momentum in customer traffic and sales continued in the third quarter,” said Ernie Herrman, CEO and president, The TJX Companies.” We are convinced that we are gaining consumer market share across all of our divisions.”

Herrman said that company has numerous initiatives underway to drive customers to its stores this holiday season and keep them coming back.

“We are on our way to becoming a $40 billion-plus company,” he said.

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REAL ESTATE

Butler names new marketing director

BY Al Urbanski

Butler Enterprises has named a Gainesville insider to promote and market its Neighborhoods at Butler project in that Florida college town.

The complex’s new director of marketing, Mary Reichardt, arrives at Butler from the Visit Gainseville-Alachua County Tourism Development Office, where she served as marketing chief. There, she created the county’s first brand strategy to establish awareness across the U.S. and in Europe.

A graduate of the Gainesville-based University of Florida, Reichardt earlier served as campaign manager for State Senator Keith Perry.

“The neighborhoods at Butler will expand the influence of a retail icon into an even stronger regional attraction for shopping, dining, and entertainment,” Reichardt said.


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