STORE SPACES

Starbucks opens second Evolution Fresh juice store; more in works

BY Marianne Wilson

Seattle — Starbucks Coffee Co. has opened its second Evolution Fresh juice store, in downtown Seattle. The new format, which also sells wraps, salads and vegetarian and vegan offerings, made its debut four months ago, in Bellevue, Wash. Additional stores in Seattle and San Francisco will open this fall.

In addition to the new stores, Starbucks is expanding distribution of ready-to-drink bottles of Evolution juice in supermarkets and other outlets to tap into the growing market for premium juices.

"We have received a very positive response from the first Evolution Fresh retail store opening just a few months ago, and we are excited to open our second store in the Seattle area," said Arthur Rubinfeld, president, global development and evolution, Fresh Retail. "Evolution Fresh provides convenient accessibility for our customers to enjoy flavorful, cold-pressed juices and natural foods, and we are pleased to bring these offerings to downtown Seattle."

Starbucks purchased the Evolution Fresh brand last year for $30 million.

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P.Lab says:
Nov-29-2012 07:31 pm

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News

Report: Facebook and Wal-Mart in confab

BY Staff Writer

New York — Facebook Inc.’s Mark Zuckerberg and senior managers will meet the top executives of Wal-Mart Stores to discuss ways of deepening relations between the two companies, Reuters reported.

The representatives of social networking site and the chain will meet in Bentonville, Ark., for two days beginning Friday, according to the report.

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FINANCE

Kohl’s headquarters to stay in Wisconsin; to receive up to $62.5 million in tax breaks

BY Marianne Wilson

New York — Kohl’s Corp. and the state of Wisconsin announced an agreement that will keep the retailer’s headquarters in Menomonee Falls, which is located about 20 miles northwest of Milwaukee. Kohl’s will receive up to $62.5 million in tax credits from the state over 12 years. The final amount of the tax credits is dependent on the number of employees the chain adds at its facility and the amount of money Kohl’s invests in developing its campus.

Kohls, which has about 4,900 employees at its corporate locations around the area, has said it will add up to 3,000 jobs over the next 12 years in southeastern Wisconsin and spend $250 million in improvements to its headquarters.

Kohl’s will take ownership of about 100 acres in Woodland Prime, a business park in Menomonee Falls. It will also acquire a small office building adjacent to the land. In exchange, the village will assume ownership of Kohl’s 530,000-sq.-ft. distribution center in the village. The company said it plans to build a second corporate campus on the vacant land and continue to operate its current headquarters in Menomonee Falls.

Company CEO Kevin Mansell said Kohl’s had looked into moving to Milwaukee, to another area of Wisconsin or even out of state, but he declined to say which states were considered, the Associated Press reported.

Kohl’s will begin construction on a new building within the next three years, according to the report.

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