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Can Starbucks Keep Opening New Stores?

Starbucks has seen large amounts of growth over the past few years. With numbers taken from Starbucks Annual Reports from 2012 through 2016, we have…

Jonathan Hipp

Starbucks has seen large amounts of growth over the past few years. With numbers taken from Starbucks Annual Reports from 2012 through 2016, we have seen growth accelerating in the number of US locations while the worldwide growth remains strong. Between 2015 and 2016, the number of US locations grew by nearly 5%. With this amount of growth in such a competitive space, will Starbucks be able to sustain its expansions?

Chart of Starbucks store expansion by year All figures taken from Starbucks annual reports

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Jonathan Hipp

Jonathan Hipp

Jonathan Hipp began his career in real estate over 25 years ago. In his early years as a broker, he ventured into the net lease industry and quickly began leading the US net lease market, closing over $3 billion in transactions. In 2005, Jon founded Calkain Companies, a company focused solely on net lease investment services. As President and CEO, he has been instrumental in building the firm into one of the leading Net Lease real estate companies, transacting over $12 billion of net lease deal volume over the past 13 years. He has expanded Calkain’s services to include brokerage, advisory, asset management, capital markets, and industry research. He has become a well-known resource, panelist, and speaker at various Net Lease and Industry conferences and is a regular contributor to GlobeSt.com on real estate trends. In June 2015, Jon’s passion for the real estate business was again recognized as he was nominated for the Top Real Estate Player in the DC area by SmartCEO magazine.

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