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Starbucks raises forecast on strong sales; opening 1,300 stores in 2013
Seattle -- Starbucks Coffee Co. reported a higher-than expected net income of $359 million for its fourth quarter, compared with $358.5 million in the year-ago period. The company also raised its earnings estimate for the next fiscal year.
Revenue rose 11% in the fourth quarter, to $3.36 billion. Same-store sales rose 6%, fueled by higher customer traffic.
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Deal$ to open 10,000+-sq.-ft. store on West 145th Street
New York -- Winick Realty Group said that discount chain Deal$ has signed a lease for 10,624 sq. ft. at 301 West 145th St., located on the southeast corner of Frederick Douglass Boulevard.
The store, which is scheduled to open in spring 2013, sits at the base of The Langston Condominium, a sold-out, 179-unit luxury residential building that already houses retail tenants such as Bank of America, Starbucks and New York Sport Club.
Deal$ is an affiliate of Dollar Tree Stores.