STORE SPACES

Starbucks to expand presence in Latin America; ‘several hundred’ stores planned for Brazil

BY Marianne Wilson

Seattle — Starbucks Coffee Co. details its expansion plans for Latin America, including the opening of its first shop in Costa Rica on June 20. The company also said it plans to open "several hundred stores” in Brazil the next five years. (Starbucks has full ownership of its business in Brazil.)

Starbucks and joint-venture partner Alsea expect to add more than 300 new stores in Argentina and Mexico by 2015.

“Starbucks business outside the U.S. is a key part of the company’s future, and Latin America continues to play an important role,” said Cliff Burrows, president, Starbucks Americas. “As a coffee company, we source the majority of our coffee from Latin America. We’re dedicated to not only expanding our store presence here, but also deepening our relationships with farmers, their families and the community.”

Currently, Starbucks operates more than 560 stores across Latin America.

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Tanger Factory Outlet Centers to develop center at Foxwoods Resort Casino

BY Staff Writer

Greensboro, N.C. — Tanger Factory Outlet Centers and Gordon Group Holdings have entered into an agreement to develop an upscale outlet center at Foxwoods Resort Casino in Mashantucket, Conn., on the Mashantucket Pequot Indian Reservation.

Foxwoods Resort Casino is the largest casino complex in the United States by gaming square footage. Foxwoods attracts approximately 16 million annual visitors, an average of more than 40,000 people per day.

Tanger, along with the Gordon Group, will build, manage and own the facility. The proposed 312,000-sq.-ft. center at Foxwoods is designed to efficiently connect the MGM Grand Hotel & Casino and the Grand Pequot Casino Hotel.

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Walgreens to open Well Experience flagship in Philadelphia

BY Michael Johnson

Philadelphia — Downtown Philadelphia will be the site for Walgreens’ next Well Experience flagship store, according to an online report published Friday by CBS/Philly. The new Walgreens will be located at Broad and Chestnut Streets in Center City, filling the space of what was once a Borders bookstore.

The retail space extends 26,000 sq. ft. across three floors.

The CBS/Philly report suggested the new store will open its doors this fall, citing the real estate agent who brokered the deal.

Walgreens Well Experience flagship stores currently are located in Chicago, Las Vegas, New York and Washington, D.C. In addition to this one in Philadelphia, two more are planned for Los Angeles and Boston, according to published reports.

"It’s clear we’re stepping out of the traditional drugstore format to create something completely new and unique," Walgreens president and CEO Greg Wasson shared with investors in March. "We’re combining cutting-edge design with an improved product assortment and developing the right mix of health care, beauty, fresh food and private-brand solutions to more closely meet the needs of our communities.

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