QUICK SERVICE INDUSTRY TO GROW 4.9% IN 2013.
“Though growth is projected to be modest – just 4.9 percent in the quickservice industry – and many challenges await operators, fast-casual operators are more optimistic than their quick-service counterparts when it comes to economic outlook.”
Source: QSR magazine, December 11, 2012
John Culver, president, Starbucks China and Asia-Pacific, says his region – the company’s fastest growing retail store market – will approach 4,000 stores by the end of 2013, including 1,000 in Mainland China, 1,000 in Japan, 500 in Korea, and its first store in Vietnam. Culver also provides an overview of the hugely successful opening of the company’s first three stores in Mumbai, India – opened since October – and reaffirms plans to open the company’s first store in Delhi in early 2013.
Source: QSR magazine, 5 December 2012