Uncategorized

Starbucks to grow to 55,000 global stores by 2030, sees $3 billion in cost savings

Reuters
Reuters
FILE PHOTO: An employee stakes a customer's order as others make drinks at a Starbucks' outlet at a market in New Delhi

(Reuters) – Starbucks is planning to expand its global store footprint to 55,000 stores by 2030, CEO Laxman Narasimhan said on Thursday.

The coffee chain is also targeting cost savings of over $3 billion over the next three years, Narasimhan said while speaking at the company’s 2023 “Reinvention Update and Holiday Launch” conference.

(Reporting by Deborah Sophia in Bengaluru; Editing by Anil D’Silva)

Related News:   Police Searching for Armed Robber Targeting NYC Businesses

tagreuters.com2023binary_LYNXMPEJA1113-BASEIMAGE

You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.