Starbucks plans grande expansion
By The Associated Press - Wednesday, December 5, 2012 - 0 Comments
NEW YORK, N.Y. – Another Starbucks may soon pop up around the corner, with…
NEW YORK, N.Y. – Another Starbucks may soon pop up around the corner, with the world’s biggest coffee company planning to add at least 1,500 cafes in the U.S. over the next five years.
The plan, which would boost the number of Starbucks cafes in the country by about 13 per cent, is set to be announced at the company’s investor day in New York Wednesday.
In addition, the Seattle-based company says it will eventually serve a new brand of tea in its cafes. Rather than its Tazo tea, Starbucks is turning its attention to Teavana, which it announced it would acquire last month.
Worldwide, the company says it will have more than 20,000 cafes by 2014, up from its current count of about 18,000. Much of that growth will come from China, which the company says will surpass Canada as its second-biggest market.
