FSP Retailer Profiles Starbucks
FSP Retailer Profiles - Starbucks About
History • In October 2009, the retailer appointed Gordon Brown as their new chairman, who took up the position on 1 October 2009, taking over from Peter Gent. Brown, having previously served as managing director at Wilkinson between 1991– 2007 • 2009 – The 99p Store Head quarter relocated to Daventry • 2006 - £8m cash injection from Barclays Ventures & Lloyds TSB secured • 2001 - 99p Store is founded
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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 looking to sell 50 of the worst performing UK stores.
Year
BIS Guide
2000
Very worrying
2001
Very worrying
2002
Very worrying
2003
Very worrying
2004
Very worrying
2005
Very worrying
2006
Very worrying
2007
Head above water
2008
Very worrying
2009
Very worrying
Recent News • 07/01/2011 - Starbucks to change logo and expand products offered • 07/12/2010 - Starbucks offered Kraft USD750 million to end partnership • 15/11/2010 - Starbucks to accelerate store openings as economy recovers • 04/10/2010 - Starbucks to offer staff NVQs • 27/08/2010 - Starbucks takes New Look property head for fresh brew • 17/08/2010 - Starbucks to enter El Salvador
Starbucks Trading Countries Argentina, Aruba , Australia, Austria, Bahamas, Bahrain, Belgium, Brazil, Bulgaria, Canada, Chile, China, Cyprus, Czech Republic, Denmark, Egypt, France, Germany, Greece, Hong Kong, Indonesia, Ireland, Japan, Jordan, Korea, Kuwait, Lebanon, Malaysia, Mexico, New Zealand, Netherlands, Northern Ireland, Oman, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Scotland, Singapore, Spain, Switzerland, Taiwan, Thailand, Turkey, United Arab Emirates, United States and Wales..
©FSP 2010. BIS © Department for Business Innovation and Skills. 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
2009
2008
2007
2006
2005
2004
2003
2002
2001
UK Sales Exc Vat
P2
Sales Exc Vat
Year
3
Financial Health Progression
400000 350000 300000 250000 200000 150000 100000 50000 0 2000
Millions
Starbucks 105 100 95 90 85 80 75 70 65 60
P2
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Year
ŠFSP 2010. BIS Š Department for Business Innovation and Skills. 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