Strategy

Seattle -- Starbucks said Monday that it is dividing responsibilities for its business into three global regions (instead of the current two, U.S. and international) in order to accelerate global growth.

The company has appointed three of its executives to lead the three regions: Asia; the Americas: and the combination of Europe, the Middle East and Africa.

Cliff Burrows will expand his current role as president, Starbucks U.S. to president, Americas, with responsibility for the United States, Canada, Mexico and Latin America.

Houston -- Los Angeles-based Marcus & Millichap Real Estate Investment Services said that it has hired Derek Hargrove as a senior associate in the Houston office.

In his new position, Hargrove focuses on the sale of multi-tenant shopping centers throughout southwest Texas. He also holds the title of associate director of Marcus & Millichap’s National Retail Group.
 

Denver -- Qdoba Mexican Grill announced Friday that it has opened a new location at Janss Marketplace, located in Thousand Oaks, Calif.

This is the first Qdoba location in Thousand Oaks, and the 12th location in Southern California for the chain.
 

Torrington, Conn. -- Centro Properties Group said that two retailers, Metro PCS and Dollar General, have joined Torrington Plaza, located in Torrington, Conn.

Metro PCS recently opened and currently occupies 1,200 sq. ft. Dollar General has executed a lease and will be occupying 11,000 sq. ft. in the shopping center.

Torrington Plaza is owned and operated by New York City-based Centro.
 

New York City -- Dunkin’ Brands Group is seeking to raise as much as $460.6 million in its initial public offering, 15% more than the company planned in May, Bloomberg reported.

Dunkin’ Brands is offering 22.3 million shares for $16 to $18 each, the chain said in a filing with the U.S. Securities and Exchange Commission today. The company may sell an additional 3.33 million shares, given sufficient demand.

New York City -- Williams-Sonoma’s West Elm brand will open its first ever pop-up shop, in the Georgetown neighborhood of Washington, D.C., on July 14.

The 3,300-sq.-ft. store will offer a unique mix of products picked especially for Georgetown and with the small living spaces of nearby colleges and universities in mind.

WASHINGTON — The National Retail Federation said it supports a transportation reauthorization proposal released today by House Transportation and Infrastructure Committee Chairman John Mica, R-Fla., but expressed concern over the measure’s funding levels.

BOCA RATON, Fla. — Office Depot announced that it is partnering with Superior Financial Group (SFG), a leading small usiness administration (SBA) lender, to provide qualified small business customers with access to capital in the form of SBA Loans between $5,000 to $25,000. Customers can apply for a loan by visiting www.officedepot.com/sba.

BOISE, Idaho — Albertsons is pulling the plug on its self-checkout units, which will be replaced by standard "H" lanes or express lanes, the grocer has confirmed.

The 217-store grocer has self-checkout units installed in roughly 100 of its stores. Those units will be removed by the end of the summer.

According to the grocer, the self-checkout units prevent it from providing the level of customer service it wants to offer its shoppers.

New York City -- Target Corp. has won approval to put its signature red logo on one of Chicago's most famous buildings. The Permit Review Committee of the Commission on Chicago Landmarks on Thursday approved the chain’s request to allow its bull's eye to be placed on its new store planned for downtown Chicago.