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Report: Starbucks to triple stores in China by 2015; open 700 outlets in South Korea
New York — Starbucks plans to triple the number of outlets it has in China during the next four years, the Associated Press reported.
The company expects to increase the number of shops in China from 470 now to 1,500 by 2015, Asia-Pacific President Wang Jinlong said on Tuesday.
Starbucks also plans to open 700 shops in South Korea by 2016, up from 370 now, the report said.
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August sales strong despite hurricane and Wall Street volatility
PURCHASE, N.Y. — The apparel, e-commerce, grocery, and luxury segments all showed continued growth in August, as the hardware, restaurant, and automotive repair sectors returned to positive territory, according to MasterCard Advisors SpendingPulse, a macroeconomic report tracking national retail and services sales.