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The economic impact of Starbucks on the UK economy

The economic impact of Starbucks on the UK economy 2025

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The report analyzes the economic impact of Starbucks on the UK economy for the year 2011/12, highlighting its contribution of £338 million to GDP and support for approximately 13,100 jobs. It details Starbucks' direct operations, procurement from UK suppliers, and the induced effects of employee spending. The findings emphasize Starbucks' role in fostering a coffee-drinking culture, enhancing high street vitality, and providing employment opportunities, particularly for young individuals.

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Click ‘Get Form’ to open it in the editor.
Begin with the Executive Summary section. Here, summarize the key findings regarding Starbucks' contribution to the UK economy, including gross value added and employment figures.
Move to the Introduction section. Fill in details about the purpose of the report and its significance in understanding Starbucks' economic impact.
In Chapter 2, detail Starbucks' direct contributions, including revenue figures and employment statistics. Use bullet points for clarity.
Proceed to Chapter 3, where you will outline indirect and induced impacts. Include data on procurement from UK suppliers and wage spending effects.
Complete Chapter 4 by aggregating all contributions into a total economic impact summary, ensuring all calculations are accurate.
Finally, review Chapters 5 and 6 for catalytic impacts and conclusions. Highlight how Starbucks influences local economies and employment opportunities.

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What are the financial results of Starbucks UK?

Starbucks UK recorded a 4% drop in sales to 525.6million for the 52 weeks to September 29, due to a challenging consumer environment. The drop pushed the company into a pre-tax loss of 35.2million, a sharp reversal from the 16.9million profit recorded the previous year.

How has Starbucks impacted the economy?

Starbucks has not only popularized coffee shops but has also created social spaces that foster connection and support local businesses. Through its supply chain, Starbucks supports over 400,000 jobs globally, docHubly contributing to economic growth and poverty reduction.

How does Starbucks affect the economy?

Founded in 1971 in the city of Seattle, USA, the brand has changed the way the world drinks coffee outside home and work. Starbucks has been responsible for creating the concept of a third place between home and work where people can relax, enjoy a cup of coffee and experience the inviting ambience.

How did Starbucks enter the UK market?

In May 1998, Starbucks has successfully enter the European market through its acquisition of 65 Seattle Coffee Company stores in the UK. The two companies shared a common culture, focusing on a great commitment to customised coffee, similar company values and a mutual respect for people and the environment.

How is Starbucks doing in the UK?

Starbucks UK Coffee Company (in GBP): Total revenue: 547.7m, up 21.9% on last year as the Company continued its growth within the UK. Gross profit: 149.0m (FY22: 129.1m) Operating profit: 21.7m (FY22: 12.6m)