US to Get 1.5K More Starbucks
Chain also has big plans for China
By Newser Editors and Wire Services
Posted Dec 5, 2012 6:55 PM CST
Pedestrians are reflected outside a Starbucks store in Atlanta.   (AP Photo/David Goldman, File)

(Newser) – Another Starbucks may soon pop up around the corner, with the world's biggest coffee company planning to add at least 1,500 cafes in the US over the next five years. Starbucks said today that it plans to boost the number of locations in its biggest market by about 13% by 2017. In the broader Americas region, the company plans to add a total of 3,000 new cafes by that time.

Starbucks also is planning to expand overseas, particularly in China, which is expected to surpass Canada as Starbucks' second-biggest market in the next two years. By that time, Starbucks says it will have 20,000 stores globally, up from about 18,000. The chain also plans to offer more pastries, juices, and tea in its stores, after a series of acquisitions. The upbeat expansion plans mark a turnaround from Starbucks' struggles during the recession.

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Dec 6, 2012 10:05 AM CST
Hope they are a bit better about coughing up tax at home than they are in the U.K. A recent examination by Reuters of Starbucks' accounts showed that the company had reported 13 years of losses at its UK unit, even as it told investors the operation was profitable and among the best performing of its overseas markets. The chain's UK unit paid no corporation tax......... Zero, nada, zilch, on its income in the last three years for which figures were available.
Dec 6, 2012 8:42 AM CST
Dec 6, 2012 7:03 AM CST
I don't mind this as much. It aint a bottom dollar product and their employees don't exactly by and large make bottom dollar.