Starbucks Unveils Ambitious Growth Strategy for 55,000 Locations by 2030

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55 Thou Wow

Starbucks Corp. has revealed its long-term growth strategy, with plans to expand its global store count to 55,000 by 2030. (Read Here)

Purpose-Defined Stores: Starbucks aims to leverage its store portfolio by introducing new formats such as pick-up, drive-thru only, double-sided drive-thru, and delivery-only locations. The company also plans to accelerate renovations to better meet the evolving needs of its customers while continuing to expand its U.S. store count.

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Tech Collaborations: Starbucks announced three new technology collaborations to enhance the customer and employee experience. These include partnering with Microsoft to leverage AI capabilities for product development and personalization, collaborating with Apple to refine technology supporting its global workforce, and utilizing Amazon One and Just Walk Out technology to reimagine the in-store customer experience.

SAUCE BOSS

Chick-fil-A celebrates the opening of its 3,000th restaurant in the RedBird neighborhood of Dallas, Texas. (Read Here)

Growth and employment: The RedBird restaurant will bring 110 full- and part-time jobs to the local community. With over 144 other Chick-fil-A restaurants in the Dallas-Fort Worth area and 471 locations in Texas, the brand continues to expand and invest in its people and communities.

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Continued commitment: Chick-fil-A's 3,000th restaurant opening highlights its mission of remarkable customer service and care for all. The brand's local ownership model ensures a personalized touch and investment in the neighborhoods it serves, honoring the legacy of its founder, S. Truett Cathy.

GETTIN’ SWIGGY WIT IT

Swig Drink Shop Opens First Franchise Location in Arkansas. Swig put 250 corporate stores into development in six months. (Read Here)

Take a Swig: Doug and Shannon Fowler, grandparents who fell in love with Swig's unique menu of "dirty sodas" and energy drinks, are unveiling the first Swig location in Arkansas, bringing the exciting tastes and flavor combinations of Swig to their new home. This opening marks the first franchise unit for Swig, which has rapidly grown into one of the fastest-growing beverage brands in the country.

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Expanding across the state: With the opening of the first Swig franchise unit in Arkansas, Swig is eager to bring its unique drink experience to every corner of the state. The Fowlers are excited to brighten their Arkansas neighbors' days with happiness in a cup and be part of Swig's vision and heart.

TRIPLE NET TENDIES

🧠 Thought Leader: David Gellner shares conversations with Rite Aid owners who were contacted by a 3rd party to negotiate existing leases.

👂 Ear Hustle: Beth Azor and Karly Iacono discuss how rising inflation is affecting both tenants and landlords.

💎 Web Gem: Garrett Blair compares DSTs vs NNNs

NET LEASE NUGGIES

• Smalls Sliders, the rapidly growing quick-service concept, has signed a franchise agreement to bring five new units to the Greater Dallas-Fort Worth area.

• MOOYAH Burgers, Fries & Shakes Opens New Location in Boca Raton

• Island Fin Poké Co. is set to make waves in Farragut, TN with the opening of their 27th franchise location.

• Sarpino's USA Expands into Colorado with Westminster Location. Since 2002, Sarpino’s has grown to nearly 50 locations

• Figs Opens First Retail Store in LA, Plans for Second in Philadelphia.

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