Starbucks says aims to open 500 new stores in China in 2016

January 12, 2016 6:17 AM

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Starbucks says aims to open 500 new stores in China in 2016

HONG KONG Starbucks Corp (SBUX.O), the world's largest coffee chain, said on Tuesday it aims to open 500 stores in China this year, shrugging off a slowdown in the world's second-largest economy that has hit global retailers.

Starbucks executives have said they have not seen a systemic slowdown in China, even as the country's cooling economy has been blamed for soft results by the likes of KFC and Pizza Hut parent Yum Brands (YUM.N).

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