STEVE INSKEEP, Host: NPR's business news starts with the expansion of Starbucks.</s>STEVE INSKEEP, Host: Where are they going to put 500 Starbucks? I thought there was already a Starbucks on every corner on Earth. Just last year, the chain was shutting stores in the U.S. Overexpansion and the financial meltdown had thrown the company into crisis. But the CEO, Howard Schultz, says the company is now stronger and ready to grow again. Most of the new stores will not be in the United States but overseas - mainly in China.
You may think there's a Starbucks on every street corner on Earth. But the coffee giant plans to open 500 more stores over the next year, as the global economy recovers, CEO Howard Schultz told Bloomberg News. Just last year, his company was shutting stores in the U.S. Most of the news stores will be overseas — and mainly in China.