Starbucks sees 2,400 new stores in fiscal year '07

Mon Nov 13, 2006

SAN JOSE, Costa Rica, Nov 13 (Reuters) - Starbucks Corp. will open 2,400 stores in its 2007 fiscal year and will have 20,000 stores worldwide within seven years, a senior executive said on Monday.

Colman Cuff, Starbucks' director of trading and operations, said the new stores would be spread among the United States and worldwide markets, with Asian growth driven by China.

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