REAL ESTATE

Victoria’s Secret, Hudson Group partner on store at JFK terminal; more expected in 2014

BY Dan Berthiaume

East Rutherford, N.J. — In partnership with travel retailer Hudson Group, leading lingerie and beauty retailer Victoria’s Secret has opened a new Beauty & Accessories store in John F. Kennedy International Airport’s Terminal 4. The new store will focus on a range of beauty products and accessories.

"We and our joint venture partner Concourse Ventures are delighted to be entrusted with delivering upscale brands like Victoria’s Secret to the travelers of JFK Terminal 4,” said Joe DiDomizio, president & CEO of Hudson Group. “Hudson has enjoyed a rewarding association with JFK IAT for over a decade, and we are glad to be playing a role in the current phase of development. The new program expands the total number of stores we operate in this terminal from 10 to 14."

In addition to this new store at JFK T4, Hudson operates Victoria’s Secret stores in JFK Terminal 1, LAX Tom Bradley International Terminal and Vancouver International Airport. Other locations are expected to follow in 2014.

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OPERATIONS

Staples Canada meets Q3 sustainability goals

BY Dan Berthiaume

Toronto, Canada — Staples Canada has announced its sustainability achievements for the third quarter of 2013, meeting its recycling and energy efficiency program goals.

Staples Canada partners with Call2Recycle to collect and recycle batteries (re-chargeable and alkaline). The program helped Staples Canada and its customers divert more than 23,630 kg of batteries from landfills in the third quarter of 2013, an increase of 44.3% from the same period the prior year. During the second quarter of 2013, Staples Canada collected 23,880 kg of batteries and 23,860 kg in the first quarter. With 71,370 kg of batteries collected, the retailer has surpassed its goal of collecting 60,000 kg this year.

Staples Canada gives customers the option to drop off used ink and toner cartridges at every store in Canada. In the third quarter of 2013, 625,230 ink and toner cartridges were collected. In the second quarter of 2013, 790,000 ink and toner cartridges were collected. With a target to collect 5 million ink cartridges by Earth Day 2014, the retailer continues to encourage Canadians to drop off used ink and toner cartridges at any Staples Canada location. Schools across the country can assist in the program by signing up for a free ink cartridge bin, with Staples collecting the cartridges free of charge.

Staples Canada, alongside its national electronics recycling partner, eCycle Solutions, collects electronics in more than 250 retail locations. With a goal to collect 3,000 metric tons of electronics this year, Staples Canada collected 908.73 metric tons of electronics in third quarter of 2013, an increase of 19.8% year-over-year. In the second quarter of 2013, Staples Canada collected 797.44 metric tons of electronics.

Alongside their exclusive partners, TerraCycle and Newell Rubbermaid, Staples Canada takes back used writing instruments such as pens, pencils, markers and highlighters. During the third quarter of 2013, the retailer collected 6,279 units. In the second quarter of 2013, 3,083 units were collected.

The retailer’s 2013 energy goal is to reduce electrical consumption by 5% from 2012. As of the third quarter electrical consumption was down 3.66% from 2012.

In fall 2012, Staples Canada and Bullfrog Power partnered on the bullfrog-powered Printers Program. Between September 25 and October 25 any inkjet printer purchased at a Staples store location came with 100% clean, pollution-free electricity for one full year, courtesy of Staples Canada. As a result of this program, Staples is helping to reduce emissions by more than 225 metric tons of CO2, and is expanding its support of new, green energy projects in Canada through Bullfrog Power.

"Our long-term commitment to growing our business in a sustainable manner and reducing our impact on the environment is a top priority for Staples," said Pete Gibel, VP of merchandising at Staples Canada and chair of the Staples Canada Environmental Committee. "We’re thrilled that our sustainability programs continue to grow and make a positive impact."

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FINANCE

Starbucks expects record gift card purchases Dec. 19

BY Dan Berthiaume

Seattle – Starbucks anticipates record purchases and activations of Starbucks cards on Thursday, Dec. 19. Last year, more than 2 million Starbucks cards were purchased in the U.S. and Canada on the Thursday before Christmas, representing nearly 1,500 cards purchased per minute in the U.S. and Canada.

“One in every 10 American adults received a Starbucks Card last holiday season, and we’re on track for another record performance in Starbucks Card sales, as we celebrate our 13th year of offering Starbucks cards,” said Adam Brotman, chief digital officer for Starbucks. “We are predicting that this Thursday and next Monday, Dec. 23, will be our busiest days for cards sales.”

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