Starbucks wants to open 40,000 new stores - Page 4

|Zach| · 10-05-2006, 05:35 PM

http://seattlepi.nwsource.com/busine...tml?source=rss

It might seem there's already a Starbucks at every corner, but the international coffee conglomerate is far from satisfied.

Chief Executive Jim Donald said Thursday morning that Starbucks Corp. has increased its goal by 10,000 to open 40,000 stores worldwide, which would more than triple the current number of stores.

Donald made his announcement before analysts during a conference at Pier 66 in Seattle. The company currently has 12,440 stores globally. In 1982, when Chairman Howard Schultz joined the company, Starbucks had four stores.

The company also announced it had reached an agreement with Apple Computer Inc. to have Starbucks' Hear Music catalog displayed on the iTunes store, giving consumers the ability to preview, buy and download a variety of Hear Music titles.

Schultz said the partnership gives Starbucks an opportunity to be aligned with a market leader for music downloads.

"It's really a parallel strategy for Starbucks," Schultz said. "There are multiple ways of how we want to be close to the customer. You are the company you keep. ... We have aligned ourselves with not only the leader, but one that is defining the evolution of technology."

Meanwhile, Donald said even he is amazed at the company's continued growth, but he estimated Starbucks would eventually be in 41 countries and have more than 195,000 employees. The company currently has 135,000 workers in 37 countries, including the U.S. "Our global retail growth is even bigger than we previously thought," Donald said.

Donald did not set a date for when Starbucks would achieve its goal, but Schultz said Starbucks still has plenty of room to grow.

"We have less than 8 percent of the entire coffee category in North America," Schultz said.

The company also provided research on new customers that shows Starbucks is broadening its socioeconomic base, although the company still appeals to those with higher incomes who are well-educated.

The company said the average income of its new customers who made their first visit in the past year is $80,000, compared to $92,000 from five years ago. About 30 percent of new customers are college graduates, compared to 45 percent from five years ago. And, the average age of a new Starbucks customer is 42, compared to 40 from five years ago.
Craig Harris can be reached at 206-448-8138 or craigharris@seattlepi.com.

Simplex3 · 10-05-2006, 07:30 PM

Quote:

Originally Posted by Rain Man

$225,000 and Malaysian, and I can't go any higher than that.

I'll do it for $175,000 and a Vietnamese. I'll throw in wearing whatever type of glove you like.

Chieficus · 10-05-2006, 07:30 PM

I don't know if it was starbucks or another coffee shop, but I have a cousin who was boasting about his love for a $12 oversized super-expresso-mocha-latte with a heck of a lot of cream (*not the acutal name, but I can't remember what he did call it).

I looked at him and said, "Dude, you're telling me that you're spending $12 to get a cup of coffee that doesn't taste like coffee."

He was speechless.

Simplex3 · 10-05-2006, 07:32 PM

http://www.illwillpress.com/sml.html

**cdcox** · 10-05-2006, 07:36 PM

They have tons of room for expansioin. There are only 10 within a 20 mile radius of my house. None are convenient to my daily pathways. I stop every morning for a $0.64 refill at the local conveninece store. If I could get Starbucks for $1.92 without going out of my way, I probably would treat myself a couple times a week.

Simplex3 · 10-05-2006, 07:40 PM

Quote:

Originally Posted by cdcox

They have tons of room for expansioin. There are only 10 within a 20 mile radius of my house. None are convenient to my daily pathways. I stop every morning for a $0.64 refill at the local conveninece store. If I could get Starbucks for $1.92 without going out of my way, I probably would treat myself a couple times a week.

I used to work with a guy who would drive into work in his leased SUV then sit there drinking his $4 Starbuck's coffee every morning bitching about how broke he was.

BucEyedPea · 10-05-2006, 07:43 PM

Hmmmmmmmm Starbucks. My kid don't play soccer though...guess I'm a Volleyball mom standin' in that line for a lo-fat Latte, extra foam, sprinkled with cinnamon, chocolate and nutmeg! Mmmmmmmmm...good!

It's a pricy treat but ya' know you're payin' for the prestige and image t just stand there and order. The longer the line the more image exposure you get. So it's good Momtrepreneurship PR.

I buy a bag of their Sumatra for at home, and drink it black each mornin' because like frazod I'm in it for the drugs too! Like parcells, I used to be a Dunkin Donut Volleyball Mom.

For a milkshake...a drive thru Steak&Shake for a B&W milkshake for the real thing! Mmmmmmmmmm good!

**noa** · 10-05-2006, 07:47 PM

If you ever wanna know how to cheat starbucks out of a few bucks, read this:
http://starbucksgossip.typepad.com/_...er_asks_i.html

Fish · 10-05-2006, 07:51 PM

Thig Lyfe · 10-05-2006, 07:53 PM

Is there even room on earth for 40,000 new stores? In D.C. there's twenty Starbucks stores on each street. And that's not really an exaggeration.

10-05-2006, 05:35 PM
\|Zach\| For The Glory Of The City Join Date: Sep 2002 Location: Kansas City Casino cash: $5276768	Starbucks wants to open 40,000 new stores http://seattlepi.nwsource.com/busine...tml?source=rss It might seem there's already a Starbucks at every corner, but the international coffee conglomerate is far from satisfied. Chief Executive Jim Donald said Thursday morning that Starbucks Corp. has increased its goal by 10,000 to open 40,000 stores worldwide, which would more than triple the current number of stores. Donald made his announcement before analysts during a conference at Pier 66 in Seattle. The company currently has 12,440 stores globally. In 1982, when Chairman Howard Schultz joined the company, Starbucks had four stores. The company also announced it had reached an agreement with Apple Computer Inc. to have Starbucks' Hear Music catalog displayed on the iTunes store, giving consumers the ability to preview, buy and download a variety of Hear Music titles. Schultz said the partnership gives Starbucks an opportunity to be aligned with a market leader for music downloads. "It's really a parallel strategy for Starbucks," Schultz said. "There are multiple ways of how we want to be close to the customer. You are the company you keep. ... We have aligned ourselves with not only the leader, but one that is defining the evolution of technology." Meanwhile, Donald said even he is amazed at the company's continued growth, but he estimated Starbucks would eventually be in 41 countries and have more than 195,000 employees. The company currently has 135,000 workers in 37 countries, including the U.S. "Our global retail growth is even bigger than we previously thought," Donald said. Donald did not set a date for when Starbucks would achieve its goal, but Schultz said Starbucks still has plenty of room to grow. "We have less than 8 percent of the entire coffee category in North America," Schultz said. The company also provided research on new customers that shows Starbucks is broadening its socioeconomic base, although the company still appeals to those with higher incomes who are well-educated. The company said the average income of its new customers who made their first visit in the past year is $80,000, compared to $92,000 from five years ago. About 30 percent of new customers are college graduates, compared to 45 percent from five years ago. And, the average age of a new Starbucks customer is 42, compared to 40 from five years ago. Craig Harris can be reached at 206-448-8138 or craigharris@seattlepi.com.
Posts: 53,446

10-05-2006, 07:30 PM	#47
Chieficus infralapsarianism Join Date: Sep 2000 Location: West MO Casino cash: $1915728	I don't know if it was starbucks or another coffee shop, but I have a cousin who was boasting about his love for a $12 oversized super-expresso-mocha-latte with a heck of a lot of cream (*not the acutal name, but I can't remember what he did call it). I looked at him and said, "Dude, you're telling me that you're spending $12 to get a cup of coffee that doesn't taste like coffee." He was speechless.
Posts: 1,800

10-05-2006, 07:32 PM	#48
Simplex3 MVP Join Date: Sep 2003 Casino cash: $10004900	http://www.illwillpress.com/sml.html
Posts: 28,527

10-05-2006, 07:36 PM	#49
cdcox www.nfl-forecast.com Join Date: Sep 2000 Casino cash: $2291769	They have tons of room for expansioin. There are only 10 within a 20 mile radius of my house. None are convenient to my daily pathways. I stop every morning for a $0.64 refill at the local conveninece store. If I could get Starbucks for $1.92 without going out of my way, I probably would treat myself a couple times a week.
Posts: 45,541

10-05-2006, 07:43 PM	#51
BucEyedPea Gimme My Berries Back! Join Date: Apr 2006 Location: None of your business Casino cash: $3389963	Hmmmmmmmm Starbucks. My kid don't play soccer though...guess I'm a Volleyball mom standin' in that line for a lo-fat Latte, extra foam, sprinkled with cinnamon, chocolate and nutmeg! Mmmmmmmmm...good! It's a pricy treat but ya' know you're payin' for the prestige and image t just stand there and order. The longer the line the more image exposure you get. So it's good Momtrepreneurship PR. I buy a bag of their Sumatra for at home, and drink it black each mornin' because like frazod I'm in it for the drugs too! Like parcells, I used to be a Dunkin Donut Volleyball Mom. For a milkshake...a drive thru Steak&Shake for a B&W milkshake for the real thing! Mmmmmmmmmm good!
Posts: 161,930

10-05-2006, 07:47 PM	#52
noa Band Join Date: Sep 2005 Casino cash: $1515453	If you ever wanna know how to cheat starbucks out of a few bucks, read this: http://starbucksgossip.typepad.com/_...er_asks_i.html __________________ Sometimes you eat the bear and sometimes, well, he eats you.
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10-05-2006, 07:51 PM	#53
Fish Ain't no relax! Join Date: Sep 2005 Casino cash: $2198919	__________________
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10-05-2006, 07:53 PM	#54
Thig Lyfe Banned Join Date: Jan 2004 Location: Thigpen's America Casino cash: $10004900	Is there even room on earth for 40,000 new stores? In D.C. there's twenty Starbucks stores on each street. And that's not really an exaggeration.
Posts: 25,680