Starbucks Says Its New Stores in Low-Income Areas Are Profitable
This article is for subscribers only.
Starbucks Corp. said its move to put stores in low-income areas such as Ferguson, Missouri, hasn’t been a money-losing endeavor.
The three locations open so far as part of the project have been profitable, said Rodney Hines, director for community investments for Starbucks’ U.S. retail operations. And the company is unveiling a fourth cafe on Wednesday on the South Side of Chicago.