Starbucks Corporation (NASDAQ:SBUX) has plans to open 1,000 more US stores within five years.
Starbucks Planning Huge US Expansion
Howard Schultz, chief executive officer of Starbucks Corporation (NASDAQ:SBUX), said that his company plans to expand its US business by adding 1,000 new stores within five years.
Each store will have 20 workers.
The coffee retailer has 17,400 stores worldwide including around 10,800 in US. He also said that he has no plans to retire from his position.
Starbucks Corporation (NASDAQ:SBUX) plans to open its first Indian store this month and to add 1,500 stores in China by 2015 to boost its profit. It now offers juice, energy drinks and better food to attract more customers.
Starbucks Corporation (NASDAQ:SBUX) stocks are currently standing at 49.10.