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Convenience Stores

  • Starbucks Q1 profit jumps 25%; sales miss

    Seattle – Starbucks Corporation’s profit in the first quarter rose 25% to $540.7 million from $432 million in the year-ago period, better than analysts expected.

    Revenue for the quarter ended Dec. 29, 2013 rose 12% to $4.24 billion from $3.79 billion. Same-store sales rose 5%, beneath Wall Street expectations of 5.9%.

    Same-store sales in the Americas region also rose 5%, while analysts had expected a 6.4% increase.

  • Le Pain Quotidien leases Manhattan location

    New York — Le Pain Quotidien has leased a 3,100-sq.-ft. retail location at 1006 First Avenue, on the northeast corner of East 55th Street. A former Chase Bank location, the site offers 65 ft. of frontage set slightly above street level, allowing for excellent visibility and signage.

    Le Pain Quotidien, an organic bakery and communal table restaurant, has more than 200 locations on five continents.

  • Giant Eagle to take new concepts to Indianapolis

    Giant Eagle is making a push into Indiana with a Market District concept and GetGo, a convenience store, planned just outside of Indianapolis, according to published reports.

    According to reports, it will be the first Giant Eagle store in the state, and additional stores in the metro area might follow.

    “We are thrilled to bring our Market District and GetGo concepts to Carmel and greater Indianapolis,” Giant Eagle CEO Laura Karet said in a statement. “We are also actively evaluating opportunities for additional locations.”

  • Covo Trattoria to Hamilton Heights in NYC

    New York — Covo Trattoria has leased restaurant space at 3660 Broadway at the intersection with West 151st Street, a prominent corner in the Hamilton Heights district of Upper Manhattan. The space includes 1,500 sq. ft. on the ground floor and a full basement. Covo Trattoria anticipates opening in the spring.

    The eatery has two existing locations in West Harem. At the Hamilton Heights location, Covo Trattoria will join neighbors The Grange, The Chipped Cup, Harlem Public and The Heights Tavern.

  • Kroger test-markets fuel points program

    Kroger is test-marketing the giving of 1,000 "fuel points" toward discounted gas for each transferred prescription versus the traditional $25 Kroger gift card, according to a blog published on The Houston Chronicle website Wednesday.

  • Dunkin’ Donuts plans 13 stores in Oklahoma City

    Canton. Mass. – Dunkin’ Donuts has signed a multi-unit store development agreement with existing franchise group, OKD Holdings, to develop 13 new restaurants throughout Oklahoma City. The first of the planned restaurants will open in 2015.

    Together, this team led by second generation Dunkin' Donuts franchisee Misha Goli and his partners will manage and oversee the company's daily operations for each restaurant. Goli currently owns four restaurants throughout Oklahoma City.

  • Meijer’s holiday campaign enjoys record-breaking success

    Meijer customers donated more than $510,000 during the company’s holiday Simply Give campaign, helping food pantries throughout the Midwest restock their shelves.

    Combined with a donation from Meijer, the holiday campaign raised more than $1.2 million, making it the most successful campaign since Simply Give began in November 2008.

  • This Is Retail: Climbing the ranks at Walmart

    Claudine McKenzie has been working in the retail industry with Walmart for more than 17 years. Her career path has given her the opportunity to grow from a part-time sales clerk to a store manager all while obtaining her bachelor’s degree and working on a master’s degree.

    In this latest installment of “This Is Retail,” an initiative of the National Retail Federation designed to showcase the industry’s diverse career opportunities, McKenzie shares her story.

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