America's Fastest Growing Coffee Chains
Topics:Commodities | Coffee
Sectors:Food and Beverage
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Photo: Getty Images Americans crave their daily fix of coffee, drinking an estimated 400 million cups a day, so it's no wonder that coffee retailers have grown significantly over the last several years, even in the face of tough economic times. Here, we take a look at the coffee retail chains that had the fastest year-over-year pace of growth in 2010, according to figures from market research group Technomic. Click ahead to see the fastest-growing coffee chains in America.Published 22 September 2011By Constance PartenSource: TechnomicCNBC's The Coffee Addiction |
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Photo: Vince Curtis Stores: 1932010 Sales: $211 millionPeet's Coffee & Tea has been around a lot longer than most coffee chains. Founded in Berkeley, Calif., in 1966, Peet's has grown to just 193 locations as of 2010. Estimated sales for that year topped $211 million, though, rising 4.9 percent year-over-year. |
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Photo: Getty Images Stores: 5392010 Sales: $309 millionThis Minneapolis-based company was founded in 1992 by Kimberly and John Puckett. The company has grown to 539 stores as of 2010, and saw estimated sales of $309 million. |
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Photo: Courtesy Image Stores: 1562010 Sales: $78 millionThis Oregon-based coffee company was founded in 1992 by brothers Dane and Travis Boersma. Today, Dutch Bros. is the country’s largest privately held, drive-through coffee chain, with 156 stores. In 2010, it had estimated sales of $78 million. |
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Photo: Getty Images Stores: 11,1582010 Sales: $9.07 billionThis world-renowned and ubiquitous brand continues to grow, increasing sales in 2010 by nearly 9 percent, even though the number of stores declined by 23 in 2010. |
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Photo: Courtesy Image Stores: 1002010 Sales: $50.5 millionThis privately held company based in Flushing, Mich., was founded in 1976. The chain added four additional stores in 2010. |
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Photo: Courtesy Image Stores: 892010 Sales: $42.6 millionThe first Scooter's Coffeehouse opened in 1998 in Bellevue, Neb. Since then, the chain has moved into seven states, adding four new stores in 2010. |
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Stores: 6,9002010 Sales: $5.62 billionIt's hard to pinpoint the exact moment Dunkin' Brands became a major player in the coffee retail industry, but the company's own brand of coffee hit grocery store shelves in 2007.Known primarily for its doughnuts since its founding in Quincy, Mass., in 1950, the chain now claims to sell more coffee by the cup than any other retailer out there. It added 400 stores in 2010. |
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Photo: Courtesy Image Stores: 1182010 Sales: $65 millionThe first Biggby Coffee location opened in East Lansing, Mich., in March 1995. Since then, the chain's units have doubled every two years, according to the company. In 2010, Biggby grew from 110 locations to 118, a 7.3 percent increase, making it the fastest-growing coffee chain in the country. |
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