Starbucks New Venture was created in fiscal 1994 to develop ready-to-drink coffee-based beverages in partnership with the Pepsi-Cola Company. ... Net Sales for fiscal year 1996 have rocketed to $696 million. ... Starbucks retail stores have consistently over the last 3 fiscal years accounted for approximately 87% of net sales. ... Starbucks has grown rapidly from 17 stores at the end of fiscal 1987 to 1006 stores at October 1, 1996. ...

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• Approx Pages: 32
• Grade Level: High School