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Starbucks reveals plan to open 20,000 new cafes over next decade

Dec 10, 2020 - Marketline Newswire

American coffee chain Starbucks has revealed plans to open 20,000 new cafes over the next decade as part of its ongoing growth strategy.

The chain currently operates nearly 33,000 units. The company said it aims to expand its store network to 55,000 locations by fiscal 2030. Starbucks executive vice-president and CFO Patrick Grismer said: รข(EURO)oeThis agenda is as relevant today as when it was introduced two years ago. Underpinned by superior brand positioning and compelling unit-level e...