Tata Starbucks faces pressure, to go slow on store openings
Financial Express Kolkata|December 17, 2024
● Finding quality real estate a challenge, says Tata Consumer CEO
PRAVEEN PARAMASIVAM

TATA CONSUMER PRODUCTS will push back plans for some new Starbucks store openings until later in its existing schedule as fewer customers are walking into its cafes, CEO Sunil D'Souza said on Monday.

"We will calibrate for the short term—maybe instead of opening 100, we will open 80 now, and next year we will open 120 instead of 100," D'Souza said, adding that Tata Starbucks is still focused on reaching its 2028 goal to operate 1,000 stores by 2028.

Urban consumers are cutting spending on everything, from cookies and coffee to fast food, as persistently high inflation squeezes middle-class budgets, with wages failing to keep pace.

この記事は Financial Express Kolkata の December 17, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Kolkata の December 17, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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