Headlines

Starbucks Plans to Open 12,000 Stores

Its five-year growth plan includes adding Roastery stores

Published

7 years ago

December 8, 2016

Starbucks (Seattle) announced its five-year growth plan, which includes adding 12,000 stores globally over the next five years. It also plans to target growing its annual revenue by 10 percent over that time span and grow its profits by 15 to 20 percent a year.

As a part of its expansion, it also announced that it plans to accelerate the opening of its high-end coffee stores, Reserve Roastery and Tasting Room. To that end, the company plans to open the first Reserve store in Europe, which will mark the company’s fifth store under that banner. While an opening date is not yet confirmed, more details will be available early next year. By 2021, the company plans to operate 7400 Reserve stores worldwide, Reuters reports.

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