REAL ESTATE

Starbucks to prohibit smoking within 25 feet of its sites

BY Marianne Wilson

Starbucks Coffee Company is extending its indoor no-smoking policy to the outdoors. The company will prohibit anyone up to 25 feet from a Starbucks store from smoking, effective June 1, where permitted by its leases.

The new rule will apply to the 7,000 shops owned and operated by Starbucks Corp., regardless of whether they have outdoor seating areas.

With regards to a customer who might be smoking within the restricted area, Starbucks spokeswoman Jaime Lynn Riley said, "If there were any concerns, we would hope to resolve it amicably," the Associated Press reported.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
REAL ESTATE

Michael Kors to add 50 stores in North America

BY Marianne Wilson

New York — Michael Kors Holdings Ltd. is on a roll. The white-hot luxury fashion and accessories company plans to open up to 50 stores in North America in its current fiscal year, plus additional units in Europe and the Far East. Michael Kors currently has 44 stores in Europe, with another 40 planned for its new fiscal year.

“Given how strongly our brand has performed in the market, how well it resonates with European consumers . . . we have concluded that the retail store growth potential is greater than the hundred locations we initially targeted [in Europe],” CEO John Idol said during a conference call with investors.

On Wednesday, Michael Kors reported that its profit more than doubled on surging sales in the fourth quarter, ended March 30, topping another strong year for the company. Net income was $101.1 million, up from $43.6 million in the year-ago period.

Revenue jumped 57% to $597.1 million.

For the year ended March 30, net income nearly tripled to $397.6 million from $147.4 million a year ago.

Revenue surged 67% to $2.18 billion for the year from $1.3 billion. Same-store sales rose 35% in North America.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
REAL ESTATE

Verizon honors Paladino with Supplier Recognition Award in green category

BY Marianne Wilson

SEATTLE—Paladino and Company (Paladino), a sustainability and green building consulting firm, has been selected as a winner of Verizon’s 2013 Supplier Recognition Award in the green and sustainability category. The award was given in recognition of Paladino’s overall green strategic focus and longtime partnership in Verizon’s retail store volume program, which resulted in 71 Verizon Wireless stores becoming LEED certified in 2012 and more than 130 total LEED certifications through the end of 2012.

“Paladino has been a strategic business partner in augmenting Verizon’s sustainability program at our retail locations across the United States,” said James Gowen, chief sustainability officer, Verizon. “This alliance has delivered benefits to the environment, and progress towards our 2020 goal of reducing our carbon intensity by 50 percent.”

In 2012, Verizon’s green retail store design achieved precertification in the USGBC LEED Volume Program. Under the program, any Verizon Wireless Communication Store constructed using the pre-certified design will earn a LEED Silver or higher rating. Each LEED-certified Verizon store is expected to deliver, on average, the following environmental benefits and associated cost savings:

  • 12,000 kilowatt-hours of electricity per year energy savings from lighting, equivalent to the CO2 emissions from the consumption of 972 gallons of gasoline;
  • 28,000 gallons of water per year, equivalent to 455,000 glasses of water; and
  • 28 tons of construction waste diverted from landfills, equivalent to 14 cars.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...