Starbucks has sharply slowed its ambitious expansion in India as hard-pressed middle-class consumers cut spending at the coffee chain stores...
Financial Times (Daily / USA)
Starbucks slows India expansion as footfall declines but 1,000-store target remains
Starbucks has sharply slowed its ambitious expansion in India as hard-pressed middle-class consumers cut spending at the coffee chain stores. The US company announced in January last year it would nearly triple its Indian outlets to 1,000 by 2028, but in the last three months of 2024 it opened just over half the 30 targeted for the quarter.
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