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Starbucks, Seattle
Starbucks has debuted its in-store Reserve coffee bar concept in downtown Seattle. The new store combines the educational aspects of the company’s Reserve Roastery format and its rare small-lot Reserve coffees within a traditional Starbucks setting, complete with such regular coffee and Frappuccinos. It’s estimated that Starbucks locations with the Reserve bar will make up 20% of the company’s global store portfolio over time. -
Tiffany shines on demand from Asia
A strong performance in Asia helped Tiffany & Co. beat fourth quarter expectations even as sales as its U.S. stores sagged. The luxury jeweler reported net income of $157.8 million, or $1.26 per share, for the quarter ended Jan. 31, compared with $163.2 million, or $1.28 per share, in the year-ago period. Adjusted for asset impairment costs, per-share earnings were $1.45, beating the per-share earnings of $1.37 that industry analysts had expected.

