Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Starbucks Plans to Double Number of Stores in Thailand

After 15 years operating in the Thailand market, Starbucks  (NASDAQ: SBUX  ) is set to double its store count in the country over the next five years.

It currently has 168 retail locations in Thailand and this week opened one of its "community stores" there, its fourth such endeavor and the first outside the U.S.

CEO Howard Schultz celebrated the company's 15 years in Thailand this week by inaugurating the "community" store in the Langsuan neighborhood of Bangkok, Thailand.  As the company's fourth and only community store outside the U.S., Schultz said it signifies that the country will play a "critical role" in development and expansion across Southeast Asia.

As a "community" store, the Langsuan location will contribute 10% of its beverages sales to farming communities across northern Thailand. The funds will be donated to The Integrated Tribal Development Program (ITDP), which will contribute to sustainable education, health, and irrigation projects. 

Starbucks has three, similar community store formats in Los Angeles, New York, and Texas; the profit-sharing model varies across each store. Starbucks says it has been supporting Thai farming communities for more than 10 years, with 5% of the Thai sales of Starbucks Muan Jai blend going back to help local farmers.


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2429546, ~/Articles/ArticleHandler.aspx, 9/29/2016 6:34:47 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 8 hours ago Sponsored by:
DOW 18,339.24 110.94 0.61%
S&P 500 2,171.37 11.44 0.53%
NASD 5,318.55 12.84 0.24%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/28/2016 4:00 PM
SBUX $53.98 Down -0.21 -0.39%
Starbucks CAPS Rating: ****