Posted: Dec 5, 2012 7:21 AM
Source: Associated Press
NEW YORK - Another Starbucks may soon pop up around the corner, with the world's biggest coffee company planning to add at least 1,500 cafes in the U.S. over the next five years.
The plan would boost the number of Starbucks cafes in the country by about 13 percent. It is set to be announced at the company's investor day in New York on Wednesday.
The Seattle-based company also says it will eventually serve a new brand of tea in its cafes. Rather than its Tazo tea, Starbucks is turning its attention to Teavana, which it announced it would acquire last month.
Worldwide, Starbucks says it will have more than 20,000 cafes by 2014. Much of that growth will come from China, which will surpass Canada as the company's second-biggest market.