Starbucks is in the move to execute its new plan of
potentially planning to open more stores, specifically up to a number of 12,000
branches internationally. CEO Kevin Johnson hopes to open thousands of branches
worldwide with 30% of the number are china based branches which can boost sales
up to 50 in percentage.
Aside from the expansion of global grasp of the company, the
company is also planning to add more options to their current menu. The renowned
coffee shop looks to add breakfast meals such as organic soups, gluten-free
breakfast sandwiches and wheat free cooked egg products.
Furthermore on their technology and social media engagement,
SB is hoping to add more features by not only ordering through finger works but
also being able to contact or converse with your app for a much improved
experience with the software.
As it was planned in the announced fiver year growth plan by
former CEO, Howard Schultz who stepped down last April in the said position,
has been in the works as to how to compete with other global brands that are
stepping up their business game in the cafĂ© field. Dunkin Donuts and McDonald’s
are some of the best competitors of the company.
Howard Schultz is also responsible for the globalization of the
franchise of the famous coffee outlet around the world, expanding to a number
of 25,000 global markets since his first day of his 30 years as the CEO.
As aforementioned, 5000 of the 12,000 planned stores will be
at China. This is a part of the five year plan as the CEO predicted that China
Markets can overtake the US market soon. It maybe unknown as to what date that
could specifically happen but it is possible and it could be soon.
As for the current numbers, China has 2,500 stores while the
US has more than 13,000.
By adding all the features, menu addition, and more stores
possible in the coming years, Starbucks hopes to up the sales as equal as or
better than its competition in the global market. The five year plan will be
executed and hopes as to how it will succeed is still in the question of the
people but what they can believe in is the company knows what they’re doing and
they can succeed if hindrances will be faced well or planned how to face one is
also written down.
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Starbucks To Expand Stores And Menu
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