CORAL SPRINGS, Florida, October 1, 2013 /PRNewswire/ --
Market news updates for leading resource, consumer goods and big box retailers for Tuesday: New Colombia Resources, Inc. (OTCQB: NEWC), Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR), Starbucks Corporation (NASDAQ: SBUX), Costco Wholesale Corporation (NASDAQ: COST) and Target Corp (NYSE: TGT).
New Colombia Resources, Inc. (OTCQB: NEWC) Headline: New Colombia Resources Inc. will Import Organic Coffee to Enter the Booming High Value Organic Coffee Market. The Company announces they have signed a letter of intent to acquire Café Tolima Don Diego, LLC to distribute USDA Certified Organic Coffee in Colombia, North America, Europe, and China. This acquisition is in line with the company's corporate objective of taking advantage of resource opportunities in the Republic of Colombia. Café Tolima Don Diego is in talks with supermarket chains, airlines, and wholesale clubs in the U.S. and Colombia. New Colombia Resources will establish a sales office in Colombia to handle domestic and international sales. For more information on Café Tolima Don Diego visit http://www.cafetolimadondiego.com/.
To read the entire press release, please go to http://www.fnmprofiles.com/profiles-newc.php
New Colombia Resources met with attorneys yesterday to establish their Café Tolima Don Diego S.A.S. operating subsidiary in Colombia. Diego Guarnizo will work with John Campo to enhance the brand and begin their coffee distribution by purchasing 16,000 lbs of USDA Certified Organic coffee for distribution in Colombia and the U.S. The company's suggested retail price will be $ 8.00 for a 500 gram package in Colombia and $ 10 for a 1 lb package in the U.S. The company will work closely with Andres Castro of Guia de Café in Bogotá to establish the perfect organic award winning blend. A coffee from Tolima won the Colombia Baristas Championship earlier this year. For more information visit http://en.guiadelcafe.com/. The organic food business is booming around the world with coffee having the greatest value of any organic import to North America. Colombian coffee is considered the best in the world since the Colombian Coffee Federation has the strictest export quality standards. New Colombia Resources aims to deliver the best organic and traditional coffee to the domestic market as well as the export market since many in Colombia feel they are cheated out of good coffee.
As a leader in specialty coffee and coffee makers, Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR), is recognized for its award-winning coffees, innovative Keurig® brewing technology, and socially responsible business practices. GMCR supports local and global communities by investing in sustainably-grown coffee, and donating a portion of its profits to social and environmental projects. GMCR closed up slightly on Monday (09/30/13) on 4.6 million shares traded at by the market close.
Starbucks Corporation (NASDAQ: SBUX) recently implemented new technology as a key part of the user experience to improve on brand loyalty, introduce new products to its consumers, all with the final objective of improving throughput at its stores. Equally important in improving the user experience is to offer a shorter waiting time. SBUX closed down slightly on Monday (09/30/13) on 3.6 million shares traded at by the market close, but was up slightly in the aftermarket trading.
Costco Wholesale Corporation (NASDAQ: COST) engages in the operation of membership warehouses. The company offers branded and private-label products in a range of merchandise categories. Costco's competitive strategy is smart and effective: the company makes most of its profits from membership fees while selling its products at zero profit or even at a loss. COST closed down slightly on Monday (09/30/13) on 1.8 million shares traded at by the market close.
Target Canada of Target Corp (NYSE: TGT) is clarifying its standing policy regarding the Royal Canadian Legion's annual Poppy campaign in conjunction with Remembrance Day. "Canada's veterans and other Royal Canadian Legion members are most welcome to offer Poppies to customers outside the front of our stores or inside if they prefer," said Derek Jenkins, senior vice president, External Relations, Target Canada. TGT closed up slightly on Monday (09/30/13) on 4.5 million shares traded at by the market close.
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