Starbucks accelerates Asian expansion plan – eyes 400 more stores

Photo from Canva

By Retail News Asia

Starbucks is ramping up its expansion plan in the Asia Pacific region, revealing plans today to open 400 additional stores this year alone.

The expansion will include new cities and outside of major metropolitan areas in markets such as Thailand, Indonesia, Malaysia and the Philippines. In Laos, where it first opened its doors in November in the capital city of Vientiane, Starbucks also plans to open a new store this year.

The rollout plans exclude the company’s Chinese and Japanese operations.

Meanwhile, Starbucks plans to build on its existing portfolio of more than 300 stores in India by expanding into at least five new cities.

The company recorded an 8 percent growth in net new stores during the past year.

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