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Starbucks deal costs Square
There are no sure things in business – not even a partnership with Starbucks.
In paperwork filed for a planned IPO, Square revealed that since launching an agreement to process back-end mobile transactions for Starbucks in October 2012 (the coffee chain did not adopt Square reader hardware), it has recorded $309.8 million in revenue but $380.4 million in processing costs.
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Veteran retail designer to retire
Elle Chute, co-chairman of Chute Gerdeman and widely respected creative force in the retail design industry, has announced her retirement from the firm she founded with her husband Denny Gerdeman 26 years ago.
Gerdeman will continue as chairman and, with CEO Brian Shafley, will lead Chute Gerdeman’s growth with its focus on d excellence in retail and hospitality design innovation.

