There are more Starbucks stores in the United States than McDonald's. Are there too many coffee shops? The opening of new stores may be postponed in the future.
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Starbucks, a US coffee chain, has opened more than 2000 new stores in the United States in the past three years, bringing the total number of stores in the United States to nearly 14300, surpassing the number of fast food giant McDonald's stores in the United States. According to US media reports, some analysts believe that the excessive growth of Starbucks stores has partly led to an oversupply of coffee shops.
John Zolidis, president of independent stock research firm Quo Vadis Capital, said that there are already too many stores in the US coffee market, but it is difficult to keep up with passenger traffic, resulting in fierce competition. He predicts that if Starbucks continues to open new stores at this rate, the impact of competition will intensify.
Analysts say Starbucks is busy with multiple tasks, distracting it by opening so many new stores, and it has sold distribution rights to its canned coffee business to Nestl é. This suggests that it may be time for Starbucks to put its new stores on hold.
Source: Wall Street Journal
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