Starbucks plans to open its first tea store in Seattle

Starbucks (04337) plans to open its first Tazo tea store in Seattle in October, setting a new milestone for Starbucks to break out of its core coffee business. The world's largest coffee chain announced another ambitious plan to expand its retail catering business after opening its first fresh fruit juice store on the outskirts of Seattle in March and announcing a $100m cash acquisition of a bread group two weeks ago.