The world’s largest coffee retailer said it plans to open 500 new locations – the highest planned store-opening rate since the 2008 fiscal year. And in the next two years, China will be Starbucks’ biggest growth market.
…
Starbucks wants to end its distribution relationship with Kraft Foods, but Kraft says the relationship is “perpetual.”
Continue reading The Coffee Wars: Starbucks Tries to Fire Kraft
The Coffee W…
Starbucks drew more customers to its stores and got them to spend more money, boosting its fiscal fourth-quarter profit 86% from the same quarter a year ago. Same-store sales grew 8% in that time.
Continue read…
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.
The strategy will focus on stores in…
Continue reading Starbucks to Renovate Fewer Stores in 2011
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
Calling all investors: You’ll want to pay close attention in the days ahead. The mid-term elections, FOMC meeting, retail sales figures, an update on the labor market and more earnings from Toyota, Starbucks and more could set …