• The Puget Sound Business Journal reports that Starbucks is saying that it has "opened its 500th Clover brewing location, a $11,000 machine that brews one cup of coffee at a time, and added it wants to double the number of Clover locations worldwide by the end of next year." The company says that the plan is a response to growing consumer demand.
The Clover coffee brewing machine, which uses Starbucks Reserve beans, came to Starbucks in an acquisition it made in 2008 of a small coffee equipment company.
• Metro, the Canadian supermarket retailer, announced that it "will convert about half a dozen Metro stores into Food Basics discount outlets, close between one and three stores, and offer early exit to some employees," according to a Reuters story. And, the company said it "has agreed to operate Target Corp's in-store pharmacies in Quebec."
The story notes that Metro "has been facing competitive pressure, especially in Ontario, as U.S. retailers expand their operations into Canada. U.S.-based Target plans to open its first 25 stores in Quebec this fall."
The Clover coffee brewing machine, which uses Starbucks Reserve beans, came to Starbucks in an acquisition it made in 2008 of a small coffee equipment company.
• Metro, the Canadian supermarket retailer, announced that it "will convert about half a dozen Metro stores into Food Basics discount outlets, close between one and three stores, and offer early exit to some employees," according to a Reuters story. And, the company said it "has agreed to operate Target Corp's in-store pharmacies in Quebec."
The story notes that Metro "has been facing competitive pressure, especially in Ontario, as U.S. retailers expand their operations into Canada. U.S.-based Target plans to open its first 25 stores in Quebec this fall."
- KC's View:
