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Starbucks

Starbucks
Company nameStarbucks Corporation
Company typePublic company
IndustryRestaurants
Retail coffee and tea
Retail beverages
Entertainment
FoundedPike Place Market in Seattle, Washington (March 30, 1971)
Founder(s)Jerry Baldwin
Gordon Bowker
Zev Siegl
HeadquartersSeattle, Washington
No. of locations17,009 (FY 2010)
Area served50 countries
Key peopleHoward Schultz
(Chairman, President and CEO)
ProductsWhole bean coffee
Boxed tea
Made-to-order beverages
Bottled beverages
Baked goods
Merchandise
Frappuccino beverages
Smoothies
ServicesCoffee
Revenue(+) US$ 10.71 billion (FY 2010)
Operating income(+) US$ 1.42 billion (FY 2010)
Net income(+) US$ 945.6 million (FY 2010)
Total assets(+) US$ 6.38 billion (FY 2010)
Total equity(+) US$ 3.68 billion (FY 2010)
Employees137,000 (2010)
SubsidiaryStarbucks Coffee Company
Tazo Tea Company
Seattle's Best Coffee
Torrefazione Italia
Hear Music
Ethos Water

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Starbucks Corporation (Nasdaq - SBUX) is an international coffee and coffeehouse chain based in Seattle, Washington. Starbucks is the largest coffeehouse company in the world, with 17,009 stores in 55 countries, including over 11,000 in the United States, over 1,000 in Canada, over 700 in the United Kingdom, and over 150 in Turkey.

Starbucks sells drip brewed coffee, espresso-based hot drinks, other hot and cold drinks, coffee beans, salads, hot and cold sandwiches and panini, pastries, snacks, and items such as mugs and tumblers. Through the Starbucks Entertainment division and Hear Music brand, the company also markets books, music, and film. Many of the company's products are seasonal or specific to the locality of the store. Starbucks-brand ice cream and coffee are also offered at grocery stores.

From Starbucks' founding in later forms in Seattle as a local coffee bean roaster and retailer, the company has expanded rapidly. In the 1990s, Starbucks was opening a new store every workday, a pace that continued into the 2000s. The first store outside the United States or Canada opened in the mid-1990s, and overseas stores now constitute almost one third of Starbucks' stores. The company planned to open a net of 900 new stores outside of the United States in 2009, but has announced 900 store closures in the United States since 2008.

Starbucks has been a target of protests on issues such as fair-trade policies, labor relations, environmental impact, political views, and anti-competitive practices.


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