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Starbucks profit up 12%; 1,300 stores on tap for 2013
Seattle -- Starbucks Corp. said its profit rose in its first quarter as customers spent more at its stores in the United States and Asia.
Starbucks earned $432.2 million in the quarter ended December 30, 2012, compared with $382.1 million in the year-ago period.
Revenue rose 11% to $3.8 billion, slightly below expectations.
The company reported that global same-store sales rose 6%. In Europe, the metric fell 1%. Americas’ comparable store sales grew 7%. Same-store sales in the China/Asia Pacific region grew 11%.
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Dollar General to open 635 stores in 2013
New York -- Dollar General Corp. will open 635 new stores in 2013, creating some 6,000 jobs. The chain will also relocate 550 stores this year.
With the addition of these jobs in 2013, Dollar General said it will have created approximately 30,000 jobs in the last six years.