Starbucks (SBUX) Expands to Five New Locations in Mainland China
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Starbucks Coffee Company (Nasdaq: SBUX) entered another five new Chinese cities: Langfang (Hebei Province), Zhengzhou (provincial capital of Henan Province), Harbin (provincial capital of Heilongjiang Province), Xiangtan (Hunan Province) and Zhoushan (Zhejiang Province). In the past year, Starbucks has successfully entered 13 new cities in Mainland China and the stores in these communities have been popular and well-accepted by local customers.
As previously announced, approximately half of the 300 Starbucks China and Asia Pacific new store openings, in fiscal 2012, will be in China.
As previously announced, approximately half of the 300 Starbucks China and Asia Pacific new store openings, in fiscal 2012, will be in China.
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