It seems that every time the two top-selling Starbucks and the Chipotle chains enter the same market, consumers gravitate towards the Starbucks.
But, for some, that doesn’t mean the two chains have to compete head-to-head.
“The two biggest competitors in our market, Starbucks and Chick-fil-A, have a good relationship, they have a great relationship, and it’s kind of a natural fit,” said Steve Wozniak, founder of Woztech and CEO of WIZ, which provides wireless and digital technologies.
“And, of course, the best way to have a better relationship is to have two companies that are working together, so that we can provide better service to our customers.”
Wozniack says Starbucks and WIZ are also looking to enter new markets, like Mexico and China.
“We have plans to launch our next product in China, and we are very excited about the potential of this product in the United States, but also to expand our service to the Philippines and other markets, and so we are going to be launching new products as we go,” Woznicki said.
“When we start to see other companies like Apple or Google, and other brands that are coming into the space, we are not going to shy away from doing the same thing.”
The two top selling Starbucks stores are both located in the nation’s capital.
One of them is located at Starbucks headquarters in the National Mall in Washington, D.C., the other is located in Chipotle’s headquarters in Austin, Texas.
The two are part of the Starbucks chain, which was founded in 1937.
In its quarterly earnings report last year, Starbucks said it expects to make about $200 million in sales for the fiscal year ending March 31.
Wozniches said Starbucks plans to spend about $100 million to expand its locations and improve service.
Chipotle plans to expand to about 80,000 stores across the U.S. in the next fiscal year.
For Woznik, the company is focused on expanding the service and making it more attractive to consumers.
“I think that we have a lot of momentum in the market right now, so the focus is going to continue to be on that,” he said.
Woznik said the company has about 100 million active customers in the U, but has more than 5.4 million customers in Mexico and 5 million in China.
He said the U is about two-thirds of the country.
Wiznik said Starbucks and its expansion plans are working to bring more customers into the U., while Chipotle is expanding in Mexico, and also expanding to China.