Starbucks Corp. unveiled an ambitious strategy for long-term growth that includes growing to a total of 55,000 locations by 2030.

As part of the coffee giant’s new “triple shot reinvention with two pumps” strategy, the company also plans to generate $3 billion in savings over three years. Of the savings, $2 billion is expected to come from outside the store through savings on its cost of goods sold.  The remaining $1 billion is expected to come from making stores more efficient.

Marianne Wilson

Author Camille Seldin

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