Starbucks Announces Plans to Open 1,500 New Cafes in the US
There may be a new Starbucks popping up around the corner in the near future. The world's largest coffee company has announced plans to open at least 1,500 new cafes in the U.S. over the next five years.
Starbucks says that it plans to boost the number of locations in its biggest market by about 13 percent by 2017. In the broader Americas region, the company plans to add a total of 3,000 new cafes by that time.
Starbucks is planning to expand overseas, particularly in China, which is expected to surpass Canada as the company's second-biggest market in the next two years. By that time, Starbucks says it will have a total of 20,000 stores globally, up from about 18,000.
Starbucks also recently announced plans to acquire Teavana, a chain specializing in tea that has 300 locations in shopping malls across the country.