Starbucks intends to compete with boutique, high-end coffee chains that serve rare coffees made with beans grown in small quantities, often times at microlots. Starbucks Reserve Roastery and Tasting Room opened on Friday in Seattle. The 15,600sf flagship store is the first of a planned chain of 100 stores which will carry a red “R” logo instead of the familiar Starbucks mermaid, according to The New York Times.

Starbucks had $16.4 billion in revenues and earnings per share of $2.66 in the fiscal year that ended in September. Starbucks shares closed on Friday at $83.57.

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Starbucks Reserve Roastery and Tasting Room – Photo source: restaurantnews.com

Starbucks Reserve Roastery and Tasting Room – Photo: MG Photography LLC

Last Updated on December 7, 2014 by Ramin Seddiq