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Woolbright acquires Village Commons
West Palm Beach, Fla. -- Boca Raton, Fla.-based Woolbright Development announced that it has acquired Village Commons shopping center, located in West Palm Beach, Fla.
Woolbright will oversee the center’s leasing, property management, construction management, marketing and promotions.
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Starbucks Q1 profit surges 44% on increased sales and traffic
Seattle -- Starbucks Corp. reported that its first quarter net income rose nearly 44%, beating expectations, to $346.6 million in the period ended Jan. 2. That's up from $241.5 million a year earlier. Although the company expects its base of customers to keep growing, it offered a tepid full-year forecast, saying higher commodity costs could eat into its profit.
Revenue rose nearly 8% to $3 billion. Same store sales rose 7%, driven by a 5% boost in traffic and 2% higher average transaction. The figure rose 8% in the United States and 5% abroad.