Powered by

Starbucks is moving some stores to the suburbs — because Americans want drive-thrus

Nov 05, 2020 - The Miami Herald
Financial Results

There’s more bittersweet news for Starbucks lovers.

Despite reports the coffee chain was closing an additional 100 stores, the company says it’s actually growing and plans to open approximately 850 new locations in the Americas, according to an earnings report obtained by McClatchy News.

The plan allows for a net gain of 50 new U.S. stores in fiscal year 2021, according to the October earnings report.

The news comes months after Starbucks announced it would close 400 sto...