REAL ESTATE

Flip Flop Shops to open 20 Caribbean franchise stores

BY Dan Berthiaume

Atlanta – Flip Flop Shops has signed a master franchise agreement with Happy Toes Caribbean that calls for the establishment and development of at least 20 new shops throughout the islands, the first of which will open in Aruba in late 2014. The master franchise rights agreement also covers the management of three established stores in St. Thomas, St. Maarten and Curacao.

This new deal pushes Flip Flop Shops 2014 international expansion plans to nearly 100 new stores, and follows on the heels of similar development deals in both the Middle East and South Africa. Flip Flop Shops operates nearly 100 locations globally, and has nearly 200 stores in the development pipeline. The company is seeking franchise partners for further development in several new international markets, including Latin America, Mexico, Australia and New Zealand, and parts of Asia including Malaysia, Singapore, South Korea and Vietnam.

"The key to successful international expansion is finding the right partner," said Brian Curin, president and co-founder of Flip Flop Shops. "The credibility of our international partners coupled with the credibility of the Flip Flop Shops concept is allowing explosive growth for us around the globe."

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REAL ESTATE

Sears Home Applicance Showroom opens in Florida

BY Dan Berthiaume

Hoffman Estates, Ill. – Sears Hometown and Outlet Stores, Inc. opens its newest Florida Sears Home Appliance Showroom on April 25, in Sunrise. The Sunrise location is one of six Sears Home Appliance Showrooms Michael Myers owns and operates.

“Our new Sears Home Appliance Showroom in Sunrise offers the local community great appliances at a competitive price with expert product knowledge right at their fingertips," said Myers. "We focus on providing convenience and accessibility to the products our customers need and want. Our goal is to become a valuable community partner by striving to offer the highest-level of customer service and building relationships with local residents, businesses, organizations and community groups."

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REAL ESTATE

Starbucks plans 1,500 new stores, expanded offerings

BY Dan Berthiaume

Seattle – Starbucks Coffee Corp. plans to open 1,500 new stores worldwide during 2014, including 600 in North America. Starbucks CEO Howard Schultz said that Starbucks is under-stored in many markets, including North America, during a conference call discussing the company’s second quarter financial results.

Other plans for 2014 including rolling out its made-to-order soda product at 3,000 U.S. stores and in South Korea and China, as well as testing expanded lunch offerings. Furthermore, Starbucks may license the technology for its mobile app, which could produce substantial revenue.

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