Starbucks (SBUX) plans to reduce the number of stores it renovates in 2011 as it focuses on flagship outlets, Bloomberg News reported.
The company will leave its renovation budget unchanged at $250 million, but renovate only about half the 1,900 stores due to be upgraded next year, development chief Arthur Rubinfeld told Bloomberg News.
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Starbucks to Renovate Fewer Stores in 2011 originally appeared on DailyFinance on Thu, 04 Nov 2010 07:15:00.
Filed Under: Company News, Starbucks, McDonald’s, Retail