I predict they’ll close 1/2 of those in five years time. There will eventually be a recession and I don’t think they’ll be able to support that many stores.
That's less than one new store per country on average.
To put it in perspective there are 37,000 McDonald's and 11,766 Wal-Marts in the world. Even Levi's has 750 of their own stores worldwide.
I’m sure there’s plenty room for growth in a couple other markets as well.