Starbucks will build 100 stores annually in Japan for the next three years
Starbucks Corp. said Thursday that it will build 100 new stores in Japan each year for the next three years, bringing the number of stores in the country to 1,700. The coffee giant will also begin delivery service in Tokyo on Nov. 9 through a partnership with Uber Eats Japan. The pilot will launch in three stores. And Starbucks is working with Line, a social platform, for innovations across digital areas like payments. The mobile-order-and-pay program will pilot in Japan in 2019. Finally, the Tokyo Roastery has an opening date: Feb. 28, 2019. It will be the fifth Roastery for Starbucks. Shares are up 18.3% for the year to date while the S&P 500 index has gained 5% for the period. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.