Starbucks to enter 7 cities with 40 new stores in FY’21
By Retail4Growth Bureau | Mumbai | March 26, 2021
The company is set to mark its highest expansion in the country in FY2020-’21 and has said that India is one of its fastest-growing markets globally.
Tata Starbucks has announced its plans of entering seven cities in FY2020-21 with 40 new stores, marking its highest expansion in the country.
The company said in a statement that India continues to remain one of the fastest-growing markets for it globally.
Tata Starbucks, a 50:50 joint venture between Tata Consumer Products Ltd and Starbucks Corporation, on Thursday announced its foray into Kanpur, which is the 18th city for the company and second city in Uttar Pradesh.
"The brand is set to mark its highest expansion in India in FY 2020-21 by entering 7 new cities with a total of 40 new stores making it the highest number of stores opened in a year through its bullish and thoughtful expansion strategy," the company statement said.
In FY21, Starbucks opened stores in new cities such as Lucknow, Amritsar, Kochi, Ludhiana, Bhopal, Indore and now Kanpur.
"We are also very delighted to enter Kanpur and excited to serve the premium Starbucks experience to our customers in the city. Expanding our footprint further into Uttar Pradesh and opening our doors in Kanpur is a moment of great pride for us," a company spokesperson is quoted to have said.
Tata Starbucks had last year opened two new formats of stores in the country -- drive-thru and all women stores.