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Starbucks Plans Expansion, Cost Cutting

Starbucks outlined plans to dramatically increase its footprint by 17,000 locaions to a total of 55,000 stores by 2030. "As part of the coffee giant’s new 'triple shot reinvention with two pumps' strategy, the company also plans to generate $3 billion in savings over three years," per Chain Stores Age. "Of the savings, $2 billion is expected to come from outside the store through savings on its cost of goods sold.  The remaining $1 billion is expected to come from making stores more efficient."

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