Starbucks aims to have around 40000 stores worldwide

Starbucks aims to have around 40000 stores worldwide

Starbucks Corp. has said in a statement that they are raising its long-term expansion goal to 40,000 stores from 30,000.

The company added that they are not even nearing exhausting their opportunities in the US market let alone the international one.

Starbucks is aiming to have 20,000 outlets in the United States and 20,000 internationally. However, they have not given out the expected timeframe for this goal.

The company is the world’s largest coffee shop chain and they already had 12,241 locations at the end of fiscal 2006.

Starbucks founder and Chairman Howard Schultz said in a statement: “We don’t believe that we are even 50 percent through to the unique opportunity we have in North America. We are extremely pleased with the development of our international business and see it as a huge opportunity, but as we sit here today, we have never been more enthused and more aggressive about the unique opportunities we have to expand the footprint in existing cities across America.”