REAL ESTATE

Starbucks opens first store in India

BY Marianne Wilson

Mumbai — Starbucks Coffee Co. on Friday entered its 61st country with the opening of its first store in India, in a historic building in southern Mumbai. The store is owned and operated by Tata Starbucks Limited, the 50/50 joint venture between Starbucks and Tata Global Beverages Limited. The company plans to open two additional stores in Mumbai next week before launching in New Delhi in early 2013.

“Together, our two companies are bringing an unparalleled experience to India customers. We are investing for the long-term and see great potential for accelerated growth in India,” said Howard Schultz, chairman, president and CEO, Starbucks.

The two-level coffeehouse in Mumbai is designed to reflect Starbucks coffee heritage and embrace the local culture, with the artifacts, Indian teakwood furniture, floor design and interiors created by local craftsmen and artists. Painted vintage trunks and old leather-bound books enhance the atmosphere. The items on the menu reflect local as well as Starbucks standard fare.

Tata and Starbucks announced the strategic joint venture partnership – Tata Starbucks Limited, to open Starbucks stores in India in January 2012.

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Dec-22-2012 04:40 pm

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Dec-22-2012 04:40 pm

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REAL ESTATE

Target to add store in Chicago

BY Staff Writer

MINNEAPOLIS — Target has announced plans to open a new store in Chicago. The 190,000-sq.-ft. store, to be located on West Division and North Larrabee Streets, is scheduled to open in October 2013.

To date, Target has announced plans to open 10 Target stores in 2013, including CityTargets in Los Angeles, Portland and San Francisco.

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Dec-12-2012 06:23 am

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REAL ESTATE

Second Time Around adding new locations

BY CSA STAFF

NEWYORK — Consignment chain Second Time Around (STA) announced it is opening three more stores in Manhattan this October, all on the city’s Upper East Side.

The new locations will bring the company to 36 stores nationwide, with the figure expected to grow to 40 by year end.

STA has also recently partnered with Stacy London’s styling agency, Style for Hire, to offer an in-home consignment concierge service for premium high-end items. Clients with at least 50 premium high-end designer pieces to consign can request an STA or Style for Hire stylist to travel to the client’s home to take the consignment to an STA location.

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