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Starbucks Sees 2,400 New Stores
2007, None in Costa Rica
Starbucks Corp. will open 2,400
stores in its 2007 fiscal year
and will have 20,000 stores
worldwide within seven years, a
senior executive said on Monday.
Colman Cuff, Starbucks' director
of trading and operations, said
the new stores would be spread
among the United States and
worldwide markets, with Asian
growth driven by China.
"In fiscal year 2006 we opened
more stores than were forecast,
and we will better that in
fiscal year 2007," Cuff said at
the Sintercafe coffee industry
conference in Costa Rica.
Starbucks has more than 12,000
stores, including 8,800 in the
United States.
Starbucks use coffee beans
growing in Costa Rica, however,
the chain has no stores in Costa
Rica nor planning on any for the
near future.
The company, though, expects
China where it has more than 400
stores, to one day be its
biggest market outside the
United States.
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