OPERATIONS

Report: ‘Dumb Starbucks’ revealed as TV prank

BY Dan Berthiaume

Los Angeles – The “Dumb Starbucks” parody store which opened in Los Angeles on Saturday, Feb. 8 has been revealed to be a prank for a Comedy Central TV show. According to the Associated Press, comedian Nathan Fielder made a public announcement on Feb. 10 that he opened the store for use in his TV show “Nathan for You.”

The store has since been shut down for operating without a valid health permit. Starbucks spokespeople told the Associated Press that Starbucks had been investigating violation of its trademark but may be willing to resolve the matter informally.

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B.Sherman says:
Feb-12-2014 05:50 pm

One would think....
Given the location and purpose of said storefront that better names might have been considered. 1. StarDumb Coffee 2. DumbStruck Coffee 3. DumbBucks Coffee ...that the reporter might have dug just a bit deeper before writing the original article or that the editorial review process would have squashed it for being a non-issue.

B.Sherman says:
Feb-12-2014 05:50 pm

Given the location and purpose of said storefront that better names might have been considered. 1. StarDumb Coffee 2. DumbStruck Coffee 3. DumbBucks Coffee ...that the reporter might have dug just a bit deeper before writing the original article or that the editorial review process would have squashed it for being a non-issue.

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OPERATIONS

Hhgregg COO resigns

BY Dan Berthiaume

Indianapolis – Gregg W. Throggmartin, COO of Hhgregg Inc., has resigned as the executive VP and COO of the company and as a member of the board, effective March 31, 2014. Throgmartin is leaving Hhgregg to pursue outside interests and manage family businesses.

Hhgregg will commence a search for a new COO. In the interim, other operations officers of the company will fulfill the responsibilities of Throgmartin.

“I want to thank Hhgregg for everything the company has meant to both my life and career,” said Throggmartin. “I believe that the company is in great hands and that the strategic initiatives the company is embarking on will continue to make the company prosperous. I wish the company the best in its future endeavors.”

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News

99 Cents rides sales momentum in third quarter

BY CSA STAFF

Continued positive sales momentum in its business and an increase in foot traffic increase at its stores fueled 99 Cents Only Stores’ third-quarter results.

The company’s net sales increased 11% to $487.9 million from $439.5 million for the prior-year quarter. Same-store sales increased 3%.

"Our results were positively impacted by our efforts to improve our product costs as part of a shift toward higher margin seasonal and general merchandise," stated CEO Stephane Gonthier. "We are excited to roll out several new changes to the appearance of our stores to improve customer experience and drive sales growth. We look forward to further discussing our strategy and results on today’s earnings release conference call."

During the quarter, the company opened 11 net new stores. As of the end of the third quarter of fiscal 2014, the company operated 340 stores, an increase of 10% in store count over last year.

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