Content about Washington

March 26, 2014

Dickey’s Barbecue will open seven new locations this week — in Kent, Wash.; Richland, Miss.; Vienna, Va.; Colorado Springs, Colo.; Clinton Township, Mich.; Yonkers, N.Y.; and Dallas.

Dallas — Dickey’s Barbecue will open seven new locations this week — in Kent, Wash.; Richland, Miss.; Vienna, Va.; Colorado Springs, Colo.; Clinton Township, Mich.; Yonkers, N.Y.; and Dallas.

The fast-growing 391-unit restaurant chain has added more than 200 stores in the past two years. There are more than 150 stores in development.

 

March 14, 2014

Amazon said it will open a 1-milllion-sq-.ft. distribution center in Kent, Wash., which will be its fourth in Washington state.

Seattle -- Amazon said it will open a 1-milllion-sq-.ft. distribution center in Kent, Wash., which will be its fourth in Washington state. IDS Real Estate Group and Clarion Partners are building the site as part of a joint venture.

Amazon’s other Washington fulfillment centers are located in Sumner and Bellevue, and a DuPont site is near completion.

February 27, 2014

Starbucks has signed a long-term lease at The Shops at Fisherman’s Wharf in Jupiter, Fla., according to the property’s owner, Elion Partners.

Aventura, Fla. — Starbucks has signed a long-term lease at The Shops at Fisherman’s Wharf in Jupiter, Fla., according to the property’s owner, Elion Partners. Avison Young represented Starbucks in the transaction. Atlantic Retail Properties represented Elion Partners.

The news comes a few weeks following the announcement that The Fresh Market will anchor the center.

February 24, 2014

Recent news that Starbucks will soon start offering a feature on its Square payment app that automatically prompts customers to leave a tip for appropriate purchases and also calculates “basic,” “better” and “best” tip amounts serves as a reminder of the three rules of modern CRM. Automate, automate, automate.

Recent news that Starbucks will soon start offering a feature on its Square payment app that automatically prompts customers to leave a tip for appropriate purchases and also calculates “basic,” “better” and “best” tip amounts serves as a reminder of the three rules of modern CRM: Automate, automate, automate.

February 14, 2014

Starbucks Coffee Company is opening its first store in Brunei, the company’s 64th global market, and its 100th store in Singapore, which will give people with autism the opportunity for employment and skills.

Seattle — Starbucks Coffee Company is opening its first store in Brunei, the company’s 64th global market, and its 100th store in Singapore, which will give people with autism the opportunity for employment and skills.

February 11, 2014

The “Dumb Starbucks” parody store which opened in Los Angeles on Saturday, Feb. 8 has been revealed to be a prank for a Comedy Central TV show.

Los Angeles – The “Dumb Starbucks” parody store which opened in Los Angeles on Saturday, Feb. 8 has been revealed to be a prank for a Comedy Central TV show. According to the Associated Press, comedian Nathan Fielder made a public announcement on Feb. 10 that he opened the store for use in his TV show “Nathan for You.”

February 10, 2014

A store called “Dumb Starbucks,” with no affiliation with the actual Starbucks chain, has reportedly opened in Los Angeles.

Los Angeles – A store called “Dumb Starbucks,” with no affiliation with the actual Starbucks chain, has reportedly opened in Los Angeles. According to the Wall Street Journal, the store opened, offering free coffee, on Saturday, Feb. 8.

February 5, 2014

Nordstrom announced plans to close it's store in Lloyd Center Mall, Portland, Ore., and its store in Vancouver Mall, Vancouver, Wash.

Seattle -- Nordstrom announced plans to close it's store in Lloyd Center Mall, Portland, Ore., and its store in Vancouver Mall, Vancouver, Wash. Both locations will close in January 2015.

"This was a tough decision to make because we've been doing business in Lloyd Center and Vancouver Mall for a long time and we care about the community, our customers and our employyees here," said Ed Nordstrom, president of stores.

January 30, 2014

Starbucks Coffee Company has announced a new leadership structure that it says positions the company to leverage its assets and operations, and gain maximum benefit from the retail, consumer, mobile and digital shifts currently underway in the global marketplace.

Seattle -- Starbucks Coffee Company has announced a new leadership structure that it says positions the company to leverage its assets and operations, and gain maximum benefit from the retail, consumer, mobile and digital shifts currently underway in the global marketplace.

January 24, 2014

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.

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.

December 3, 2013

Starbucks has priced an underwritten public offering of senior notes.

Seattle – Starbucks has priced an underwritten public offering of senior notes. The company plans to use the net proceeds from the offering of $400 million of 0.875% senior notes due 2016 and $350 million of 2.000% senior notes due 2018 to fund a portion of the payment required by the previously announced arbitration award in the Kraft litigation matter.

December 2, 2013

Retailers are constantly on the hunt for energy savings, and data centers offer huge potential: By 2020, data centers could consume 10% of all U.S. power, according to some experts. Here’s how outdoor gear and apparel retailer Recreational Equipment Inc. (REI) is working to reduce energy costs and its environmental footprint in this critical area of operations.

November 22, 2013

Tata Starbucks Limited, the 50/50 joint venture between Starbucks Coffee Company and Tata Global Beverages Limited, opens a new India flagship store in Bangalore on Saturday, Nov. 23.

Bangalore, India - Tata Starbucks Limited, the 50/50 joint venture between Starbucks Coffee Company and Tata Global Beverages Limited, opens a new India flagship store in Bangalore on Saturday, Nov. 23.

In addition to the flagship store at Koramangala, Tata Starbucks Limited will open two more stores by the end of the year at Phoenix Market City and Orion Mall at Brigade Gateway in Bangalore.

November 6, 2013

Meet the most complex shopper of all time – Generation Z. By 2020, today’s 14-19 year olds (Gen Z) will be the largest group of consumers worldwide, making up 40% of the US, Europe and the BRIC countries, and 10% in the rest of the world.

By Christian Davies, Christian.davies@FITCH.com

Meet the most complex shopper of all time – Generation Z. By 2020, today’s 14-19 year olds (Gen Z) will be the largest group of consumers worldwide, making up 40% of the U.S., Europe and the BRIC countries, and 10% in the rest of the world. The needs and behaviors of this group will influence the future of mainstream retail.

November 6, 2013

Starbucks says it will develop a comprehensive hiring platform for veterans and active duty spouses in response to record growth and in anticipation of a 500,000-person future global workforce.

Seattle – Starbucks says it will develop a comprehensive hiring platform for veterans and active duty spouses in response to record growth and in anticipation of a 500,000-person future global workforce. This multi-year hiring and career development strategy will focus on establishing an internal infrastructure dedicated to matching the transferable skill sets of veterans and military spouses with the specific talent needed across the Starbucks enterprise.

November 4, 2013

Zoomingo, the personalized shopping discovery app that helps shoppers find the best deals in their local stores and malls, announced an agreement with Simon Property Group, the largest mall operator in the U.S., to market the Zoomingo app for the upcoming 2013 holiday shopping season.

Seattle -- Zoomingo, the personalized shopping discovery app that helps shoppers find the best deals in their local stores and malls, announced an agreement with Simon Property Group, the largest mall operator in the U.S., to market the Zoomingo app for the upcoming 2013 holiday shopping season.

October 30, 2013

Starbucks Coffee Company reported a better-then-expected 34% rise in its fiscal fourth-quarter and raised its quarterly dividend 24%.

Seattle -- Starbucks Coffee Company on Wednesday reported a better-then-expected 34% rise in its fiscal fourth-quarter and raised its quarterly dividend 24%. The company earned $481.1 million, up from $359 million a year ago.

Total net revenues increased 13% to $3.8 billion, just short of expectations.

Global same-store sales increased 7%, driven by a 5% increase in traffic. Same-store sales were up 8% in the United States and the Americas and 8% in China/Asia Pacific region.

October 18, 2013

Jones Lang LaSalle’s Capital Markets group has announced the sale of Slater 116, a mixed-use property in Kirkland, a Seattle suburb.

Seattle — Jones Lang LaSalle’s Capital Markets group has announced the sale of Slater 116, a mixed-use property in Kirkland, a Seattle suburb. The property features 108 apartments and more than 10,000 sq. ft. of ground floor retail space. Essex Property Trust bought the recently completed property from Mainstreet Property Group for $29.6 million.

October 16, 2013

Consumers will take a conservative approach to spending this holiday season.

Washington, D.C. - Consumers will take a conservative approach to spending this holiday season. According to NRF’s holiday consumer spending survey conducted by Prosper Insights & Analytics, the average holiday shopper will spend $737.95 on gifts, décor, greeting cards and more, 2% less than the $752.24 they actually spent last year. 

October 16, 2013

Skanska USA Commercial Development Inc. has broken ground on 400 Fairview alongside its first major office tenant — Tommy Bahama.

Seattle — Skanska USA Commercial Development Inc. has broken ground on 400 Fairview alongside its first major office tenant — Tommy Bahama.

Skanska is the first developer to start work in the South Lake Union area of Seattle since the City Council rezoned the one-time industrial hub for office and retail.

The 400 Fairview building will be a 13-story tower with 320,000 sq. ft. of office space and 17,000 sq. ft. of ground floor retail. Skanska is targeting LEED Gold certification on the building.

October 16, 2013

Close to two million customers and employees have signed Starbucks Coffee Company’s “Come Together” petition that seeks to break the current deadlock in Washington.

Seattle – Close to two million customers and employees have signed Starbucks Coffee Company’s “Come Together” petition that seeks to break the current deadlock in Washington. The petition urges the nation’s elected leaders to reopen the federal government, pay debts on time and pass a bi-partisan and comprehensive long-term budget deal by the end of the year has close to two million signatures.

October 16, 2013

Close to two million customers and employees have signed Starbucks Coffee Company’s “Come Together” petition that seeks to break the current deadlock in Washington.

Seattle – Close to two million customers and employees have signed Starbucks Coffee Company’s “Come Together” petition that seeks to break the current deadlock in Washington. The petition urges the nation’s elected leaders to reopen the federal government, pay debts on time and pass a bi-partisan and comprehensive long-term budget deal by the end of the year has close to two million signatures.

October 10, 2013

Starbucks Coffee Co. is once again throwing itself into the middle of a national debate.

Seattle -- Starbucks Coffee Co. is once again throwing itself into the middle of a national debate. In an open letter on the chain’s website, founder and CEO Howard Schultz said that, starting Oct. 11, the company will circulate petitions in its stores across the nation urging lawmakers to reopen the partially closed government and avoid a looming default.

October 2, 2013

Beth L. Lamport, 70, executive VP with Sabre Real Estate Group LLC died Sept. 27 at her home in Port Washington.

Garden City, N.Y. — Beth L. Lamport, 70, executive VP with Sabre Real Estate Group LLC died Sept. 27 at her home in Port Washington.

The cause was uterine cancer. “She was a dynamo in the business,” said Kenneth Breslin, a Sabre principal.

 

September 24, 2013

Mom’s Organic Market is opening its first Pennsylvania store, in Rosemont Square, Bryn Mawr, which is located outside of Philadelphia.

Rockville, Md. -- Mom’s Organic Market is opening its first Pennsylvania store, in Rosemont Square, Bryn Mawr, which is located outside of Philadelphia.