With a staggering total of more than 38,000 locations worldwide, Starbucks has conquered the world of coffee. The chain has faced some setbacks this year—a nearly 2% drop in global revenue, with a 3% drop in same-store sales in the U.S. and a startling 11% drop in Chinese sales, detailed in coverage from CNN Business.
“We face a challenging operating environment,” Starbucks CEO Laxman Narasimhan said in an announcement cited by the CNN coverage. “Headwinds discussed last quarter have continued in a number of key markets, we continue to feel the impact of a more cautious consumer, particularly with our more occasional customer, and a deteriorating economic outlook has weighed on customer traffic and impact felt broadly across the industry.”
Still, the brand appears to have plans to continue growing in the Las Vegas market. Building permit paperwork was submitted to Clark County recently for a Starbucks location at 3450 Boulder Highway, at the intersection with East Sahara Avenue. The paperwork gives a contract valuation of $249,000 for the work.
Vegas is a major city for the brand: with 179 locations, it’s the city with the third largest number of Starbucks locations, behind only New York and Chicago. A new location at Boulder and Sahara looks to be number 180.
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