Starbucks is ready to start opening cafes again after a couple years of cost cutting resulted in the closure of hundreds of locations. During its fiscal year, the company plans to add 100 US stores as well as 200 internationally.
Management has high expectations for improved sales growth as the economy recovers. Starbucks also declared its first dividend at its annual meeting of shareholders yesterday.
CEO Howard Schultz says that Starbucks will now “grow in a different way.” Do you think the company is ready to start opening locations again, or is the market still over saturated with its cafes?
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