OPERATIONS

Starbucks sees 1,000 new U.S. stores in next five years; will accept mobile payments starting in November

BY Marianne Wilson

Houston — Starbucks Coffee Co. founder and CEO Howard Schultz said his company plans to add 1,000 stores in the U.S. in the next five years, according to a Bloomberg report.

In other news, Starbucks announced that customers will be able to use Square Wallet to pay with their mobile phones at U.S. Starbucks stores beginning in early November. The chain also said it will enable digital tipping at its U.S. company-operated stores through both the Square and Starbucks mobile payment applications in the summer of 2013. Customers will also be able to use the Square directory to find more than 7,000 U.S. company-operated Starbucks stores.

Additionally, Starbucks announced that the third retail location for its Evolution Fresh juice brand will open in mid-October, in the Filmore district of San Francisco. It plans to open an additional store in the University Village Shopping Center in Seattle in mid-November

Starbucks made the announcements on the first day of its three-day Global Leadership Conference in Houston. Nearly 10,000 of the company’s store managers and regional leaders from outside the U.S. are in attendance at the event. Starbucks said it has branded the conference with the theme “Lead” to reinforce the critical leadership role these store managers — many of whom are running the equivalent of small businesses generating more than $1 million in annual sales — play in the company’s success.

Starbucks also celebrated the opening of a profit-sharing "community" store in Houston’s East End neighborhood. The Houston location is the company’s third community store in the U.S. Starbucks opened its first two profit-sharing Community location s in Harlem, N.Y., and Crenshaw, Calif., one year ago.

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K.Kumar says:
Jan-07-2013 01:02 pm

profit-sharing "community"
This is sound of increased business and need to provide more service to customer so easy to interact with them. copper wire

K.Kumar says:
Jan-07-2013 01:02 pm

This is sound of increased business and need to provide more service to customer so easy to interact with them. copper wire

J.Hams says:
Dec-25-2012 08:34 am

I have a memory foam mattress
I have a memory foam mattress and love it. I don't think its very hot, but then again my house is really cold even in the hot summers. The first night I didn't really like it but now I really, really love ftgrfcv have been laying in gets really soft and comfy. The rest of the mattress will feet a lot harder and harder to the touch. Hope that helped and made sense!!! http://www.amerisleep.com/adjustable-beds.html

J.Hams says:
Dec-25-2012 08:34 am

I have a memory foam mattress and love it. I don't think its very hot, but then again my house is really cold even in the hot summers. The first night I didn't really like it but now I really, really love ftgrfcv have been laying in gets really soft and comfy. The rest of the mattress will feet a lot harder and harder to the touch. Hope that helped and made sense!!! http://www.amerisleep.com/adjustable-beds.html

P.Ju says:
Nov-26-2012 05:42 am

Square Wallet to pay
Great blog and useful information.it is very helpful for people . I really appreciate your work thanks for posting. Moisture in oil transmitter

P.Ju says:
Nov-26-2012 05:42 am

Great blog and useful information.it is very helpful for people . I really appreciate your work thanks for posting. Moisture in oil transmitter

K.Kumar says:
Nov-07-2012 11:54 am

Starbucks Coffee
Customer need to go far distance for paying and will soon earlier for he customer and this decision is very good for next days. http://www.promos10.com

K.Kumar says:
Nov-07-2012 11:54 am

Customer need to go far distance for paying and will soon earlier for he customer and this decision is very good for next days. http://www.promos10.com

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Costco and TJX beat estimates in September

BY CSA STAFF

NEWYORK — Costco Wholesale Corp. reported a better-than-expected 6% rise in September same-store sales, helped by higher gasoline prices and a stronger dollar. Excluding the impact of gasoline prices and foreign exchange, comparable September same-store sales rose 5%.

Net sales rose 8% to $9.31 billion in the five weeks ended Sept. 30. Costco, which currently operates 608 warehouses, said it plans to open up to 14 new warehouses prior to the end of calendar year 2012.

The TJX Cos. reported that September same-store sales rose 6%, beating Wall Street predictions. The company said it would have raised its earnings outlook for the third quarter because of its strong September, but is leaving its guidance at 56 cents to 59 cents per share because it is taking a two-cent charge related to pension costs.

“We are particularly happy with business at TJX Europe, where comp sales increased 13%,” said TJX CEO Carol Meyrowitz. “Our results in Europe represent consistently good performance and an increasingly strong trend, which underscore our confidence in our European growth opportunity. It’s important to note that we ended the month with great momentum across the board, which bodes well for the rest of the fall as well as the 2012 holiday selling season, which we believe will be terrific for TJX!”

In other discounter results:

Ross Stores reported a 5% increase in same-store sales. Sales increased 10% to $800 million for the five weeks ended September 29, 2012, up from $726 million in sales for the five weeks ended October 1, 2011.

Michael Balmuth, vice chairman and CEO, commented: "We are pleased with same store sales gains in September that continued to outperform our expectations. The primary driver of our favorable business trends year-to-date remains our ongoing focus on delivering fresh and exciting assortments of name brand bargains that continue to resonate with today’s value-focused consumers."

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Walmart to lose monthly insight into Target’s performance

BY CSA STAFF

Target this week joined the ranks of retailers who will no longer provide monthly sales and in the process denied Walmart merchants insight into the performance of a chief rival.

Target made the announcement in conjunction with the release of September sales results that saw comps increase 2.1%. The decision, which takes effect in 2013, wasn’t particularly surprising as the ranks of retailers, especially major ones, who report monthly numbers has been steadily shrinking now for several years. Walmart cut the cord several years ago and others have followed suit since, most notably J.C. Penney as it sought to avoid the glare of monthly scrutiny while attempting to execute a transformation strategy.

Aside from Costco, company’s who still report monthly are basically department store retailers such as Kohl’s, Macy’s, Dillard’s and Nordstrom and mall-based specialty apparel chains.

When all is said and done, Walmart and other industry players won’t really be losing any special insight as a result of Target’s decision because the company wasn’t saying much to begin with. For example, Target chairman, president and CEO Gregg Steinhafel offered this pearl of wisdom when September results were released: "We’re pleased with our sales results through the first two months of the quarter and believe we remain on-track to attain our third-quarter sales and profit goals."

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