Company Profile -Starbucks

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          Starbucks
FSP Retailer Profiles - Starbucks
                                                  About
                                                  Founded in Seattle in 1971, Starbucks is coffee shop retailer with over 700 outlets in the UK. It is the
                                                  largest coffeehouse company in the world (although there are more Costa Coffee shops in the UK
                                                  uniquely) with plans to achieve 40,000 outlets globally.
                                                  It is positioned in the Middle sector of the coffee shop market, with a Venti (large) cappuccino costing
                                                  around £2.65.
                                                  Starbucks Corporation is a public limited company in the US, and subsidiaries include Starbucks Coffee
                                                  Company, Tazo Tea Company, Seattle's Best Coffee, Torrefazione Italia, Hear Music and Ethos Water.
                                                  The first Starbucks location outside North America opened in Tokyo, Japan, in 1996. Starbucks entered
                                                  the U.K. market in 1998 with the acquisition of the then 60-outlet, UK-based Seattle Coffee Company.
                                                  By November 2005, London had more outlets than Manhattan.
                                                  Amidst the current economic conditions, Starbucks has closed several branches across the world, and
                                                  though initially remaining adamant that UK expansion plans are continuing as planned, is reportedly

    History                                       looking to sell 50 of the worst performing UK stores.

    • In October 2009, the                            Year               BIS Guide
                                                                                                     Recent News                                      Starbucks Trading Countries
      retailer appointed Gordon                                                                                                                       Argentina, Aruba , Australia, Austria, Bahamas, Bahrain, Belgium, Brazil, Bulgaria,
                                                          2000             Very worrying             • 07/01/2011 - Starbucks to
                                                                                                                                                      Canada, Chile, China,
      Brown as their new                                                                                                                              Cyprus, Czech Republic, Denmark, Egypt, France, Germany, Greece, Hong Kong,

      chairman, who took up                               2001             Very worrying               change logo and expand                         Indonesia, Ireland,
                                                                                                                                                      Japan, Jordan, Korea, Kuwait, Lebanon, Malaysia, Mexico, New Zealand,

      the position on 1 October                                                                        products offered                               Netherlands, Northern Ireland,
                                                                                                                                                      Oman, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia,
                                                          2002             Very worrying             • 07/12/2010 - Starbucks                         Scotland, Singapore,
      2009, taking over from                                                                                                                          Spain, Switzerland, Taiwan, Thailand, Turkey, United Arab Emirates, United States

      Peter Gent. Brown, having                           2003             Very worrying               offered Kraft USD750 million                   and Wales..


      previously served as                                                                             to end partnership
                                                          2004             Very worrying             • 15/11/2010 - Starbucks to
      managing director at
      Wilkinson between 1991–                             2005             Very worrying               accelerate store openings as
      2007                                                                                             economy recovers
                                                          2006             Very worrying             • 04/10/2010 - Starbucks to
    • 2009 – The 99p Store
      Head quarter relocated to                           2007           Head above water              offer staff NVQs
      Daventry                                                                                       • 27/08/2010 - Starbucks takes
                                                          2008             Very worrying               New Look property head for
    • 2006 - £8m cash injection
      from Barclays Ventures &                            2009             Very worrying
                                                                                                       fresh brew
      Lloyds TSB secured                                                                             • 17/08/2010 - Starbucks to
    • 2001 - 99p Store is                                                                              enter El Salvador
      founded


       ©FSP 2010. BIS © Department for Business Innovation and Skills.
2      The content of these reports has been derived from statistical, trade and published sources together with FSP estimates and interpretations. Some Data sourced from www.snap-shop.co.uk
FSP Retailer Profiles - Starbucks


    Starbucks Sales                                                                                               Starbucks Financial Health
                                             Starbucks                                                                                 Financial Health Progression
                                                                                                                         105
               400000
                                                                                                                         100
               350000
                                                                                                                          95
               300000
                                                                                                                          90
               250000
    Millions




                                                                                                                          85
               200000




                                                                                                                    P2
                                                                                              Sales Exc Vat               80
               150000                                                                                                                                                                            P2
                                                                                                                          75
               100000                                                                         UK Sales Exc Vat
                                                                                                                          70
                50000
                    0                                                                                                     65
                                                                                                                          60
                        2000
                               2001
                                      2002
                                             2003
                                                    2004
                                                           2005
                                                                  2006
                                                                         2007
                                                                                2008
                                                                                       2009




                                                                                                                                 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
                                                     Year                                                                                                          Year




       ©FSP 2010. BIS © Department for Business Innovation and Skills.
3      The content of these reports has been derived from statistical, trade and published sources together with FSP estimates and interpretations. Some Data sourced from www.snap-shop.co.uk
                                         FSP • 19 Manor Courtyard
                                            • Hughenden Avenue
                                      High Wycombe • HP13 5RE • UK
                                           T +44 (0) 1494 474740
                                           F +44 (0) 1494 474262
                                           E fspretail@fspretail.co.uk
                                   W www.fspretail.co.uk & www.snap-shop.co.uk




Fripp Sandeman and Partners Limited, trading as FSP
G Nicholson (Managing Director) J H Fell J Hewson K Gunn
Registered Number 1284879
Registered Office 19 Manor Courtyard Hughenden Avenue High
Wycombe Buckinghamshire HP13 5RE

				
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