IndiaRetailing.com’s Post

US-based coffee chain Starbucks opened a new store in Murthal (Sonipat) at Mannat Haveli on the Chandigarh-Delhi highway. Click on the link below to know more.... Starbucks India | Rahul Chaudhary #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing 

 Starbucks has opened its 430th store in India which is located in Maharashtra. Starbucks | Starbucks India | Sushant Dash | Monisha Ajmera Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

US-based coffee chain Starbucks has opened its first outlet in Manali. Starbucks | Starbucks India | Sushant Dash | Rahul Chaudhary Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

𝐓𝐚𝐭𝐚 𝐒𝐭𝐚𝐫𝐛𝐮𝐜𝐤𝐬 𝐚𝐢𝐦𝐬 𝐭𝐨 𝐨𝐩𝐞𝐫𝐚𝐭𝐞 1,000 𝐬𝐭𝐨𝐫𝐞𝐬 𝐛𝐲 2028 According to a report, the Coffeehouse chain Starbucks aims to operate 1,000 stores in India by 2028, or one new store opening every three days. The strategy focuses on skilling local partners for jobs, opening new stores that serve customers with an elevated experience, and promoting Indian-origin coffee to Starbucks customers around the world, the company said. The new goal aligns with Starbucks long-term triple shot reinvention strategy which will focus on three priorities: elevating the Starbucks brand; strengthening the company’s digital capabilities; and becoming truly global; customized with ‘two pumps’ unlocking efficiency and reinvigorating partner culture. Starbucks-branded coffee chain in India is operated by a 50:50 joint venture between Starbucks Coffee Company and Tata Consumer Products Limited. Since 2012, Tata Starbucks, has opened over 390 stores across 54 Indian cities, with approximately 4,300 employees. #firstlease #fl #starbucks #TataStarbucks #CoffeeExpansion #coffee #digitaltransformation #commercialrealestate #india #coffeeBrand #TataConsumerProducts #CoffeeJointVenture #retailexpansion #Starbucks #tata #retailspace 𝐑𝐞𝐚𝐝 𝐦𝐨𝐫𝐞 https://lnkd.in/gpPXEJZE

Adrit Mishra, the chief operating officer of Tata Starbucks, provides insights into the coffee retailer’s priorities and plans in India. Click on the link below to know more... Starbucks I Starbucks India I Laxman Narasimhan I Sunil D'Souza I Sushant Dash I Emmy Kan I Rahul Chaudhary I Siddharth Agarwal I Vaibhav Thakar #starbucks #starbucksIndia #tatastarbucks #expansion #priorities #coffeechain #coffeeretail #womenemployees #beverages #starbuckspartners #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing 

Who in their right mind would spend 300 rupees on a cup of coffee? Do you feel the same? 🤔 Let’s get a deeper perspective on this… While some may praise saving such an amount as an economical choice, the value of a purchase extends beyond just the initial transaction. So let's take a closer look at a café like Starbucks, which sells coffee at a premium price. Consider their infrastructure, for instance… They provide air-conditioned cafés with comfortable seating and ample workspace. Amenities like charging stations near tables and complimentary Wi-Fi which enhances productivity. How do they finance such infrastructure? From you… Now, onto the service… Personally, I've never waited in line at Starbucks for more than two minutes to place my order (except during the initial reopening post the first COVID-19 lockdown) If you're unsatisfied with your drink which they had suggested, they'll gladly replace it with a new drink of your choice (I've experienced this firsthand) Additionally, they offer free unlimited refills on their core beverages at select stores in Mumbai, which is normal in their US stores. This may expand in the future. How do they fund this sunk cost? From you… Finally, let's address brand equity… People may buy just one coffee but end up posting about it twice. Building such brand loyalty didn't happen overnight; it required significant investment. Just like a stock feels expensive at high P/E ratios, Starbucks is valued highly today due to its strong brand equity. Never disregard the value of an expensive item; if its price were artificially inflated, it wouldn't sustain in the long run. In products like these, intangible value holds significant weight, which you cannot spot just via numbers. Tried to go a bit outside finance here. Send it to a friend who needs to read this 👇 #Starbucks #BrandEquity #Coffee #BrandValue

Starbucks plans to accelerate growth to 1,000 stores in India by 2028 (Business Standard, 9th Jan 2024) What could be the possible strategies to do so? 🌟 Expansion Strategy: Starbucks plans to double its presence in India by operating 1,000 stores by 2028, opening one new store every three days. 📍 Current Presence: Starbucks already boasts over 390 stores across 54 Indian cities, including major hubs like Mumbai, New Delhi, Hyderabad, Chennai, and Bengaluru. 👥 Workforce Expansion: To support this growth, Starbucks will double its workforce to around 8,600 partners, reflecting the increasing coffee culture in India. 🗺️ Geographical Expansion: The coffee giant is eyeing Tier-II and Tier-III Indian cities for expansion, tapping into emerging markets beyond urban centers. 🛍️ Store Formats: Starbucks plans to introduce more drive-thru outlets, expand into airports, and extend 24-hour store formats, prioritizing customer convenience. 🌟 Starbucks Reserve: A second Reserve store is set to open in India, showcasing rare and extraordinary coffees, including the exclusive Monsooned Malabar. ☕ New Coffee Variant: Starbucks introduces Monsooned Malabar, a new Indian Arabica coffee available at Reserve stores in both India and the USA, celebrating local flavors. 📈 Market Growth: India emerges as one of Starbucks' fastest-growing markets, driven by a burgeoning middle class and the company's efforts to shape and evolve the coffee culture. 💼 Joint Venture: Starbucks entered India in 2012 through a strategic joint venture with Tata Consumer Products Limited, leveraging local expertise and resources. 🌍 Cultural Integration: Starbucks and Tata are committed to elevating India's coffee culture, showcasing craftsmanship with high-quality Indian Arabica coffee beans and innovating to offer unique Indian offerings globally. #starbucks #coffee #expansion #business

From Seattle to Mumbai: Starbucks' Journey in India - Starbucks entered India in October 2012 through its 50:50 joint venture with Tata Consumer Products Ltd. - With just 12 stores, saw steady growth, with the store count doubling by 2014 and reaching 43. - The coffee giant plans to more than double its store count to 1,000 outlets across India by 2028 - an aggressive pace of opening one new store every three days. To achieve its bold target of 1,000 stores in the next five years, fuelled by rising coffee consumption in India, Starbucks will: - Double its workforce to approximately 8,600 employees - Expand its reach beyond metro cities, targeting Tier-II and Tier-III cities to tap into a wider customer base. - Recognise customer convenience, Starbucks will focus on opening drive-thrus and expanding its footprint of 24-hour stores. - Plans to open a second Reserve Store this year, offering a premium coffee experience. The first Reserve Store was opened in 2022 in Mumbai https://lnkd.in/gs6fnNQW #datumintell #commercify360 #data #research #starbucks #consumerbusiness #coffeebusiness #retail

US-based coffee chain Starbucks has opened its first store in Jammu and Kashmir. Click on the link below to know more... Starbucks India | Udit Shah #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

Tata Starbucks Aims for 1,000 Stores in India by 2028, Doubling Employment Key Impact Points: -Massive Store Expansion in India: Tata Starbucks plans to open 1,000 stores by 2028, significantly increasing its presence in India. -Workforce Doubling and New Ventures: The expansion includes doubling the workforce and diversifying store formats in new cities and locations. -Elevating Indian Coffee Culture: Introducing a second Starbucks Reserve® store and promoting Indian arabica coffee globally. -Focus on Partner Development and Education: Emphasizing vocational training, partner well-being, and educational initiatives as part of the company’s growth strategy. Sunil D'Souza Sushant Dash Laxman Narasimhan #jobcreation #lifestyle #starbucks #ESG #ESGNews