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Starbucks CEO upbeat on sales
Coffee retailer's IPO plans in Japan slowly brewing
By Bill Clifford, CBS.MarketWatch.com
Last update: 5:07 a.m. EDT Aug. 3, 2001
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TOKYO (CBS.MW) -- During a trip to Japan to celebrate Starbucks' fifth anniversary in its first and largest market outside the United States, Chief Executive Orin Smith spoke with CBS.MarketWatch.com about the U.S. economic slowdown, the coffee retailer's wireless ambitions and the challenges of globalization.
Here are excerpts from the interview:
In the U.S., Starbucks' same-store sales growth has slowed sharply in recent months from a 10 percent year-on-year growth clip in 2000. How much does that worry you?
You know, in fairness, that's not a pace that had been typical for the last five years. We had been mid-single digits -- roughly 6 or 7 percent per year -- and we just had an extraordinary year last year. And this year we're at......

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Approximate Word Count: 1342
Approximate Pages: 6 (250 words per double-spaced page)

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