News

China’s economic malaise is one reason. Deflation, falling wages and a troubled housing market have sapped consumer demand.
Starbucks stock caught a downgrade Thursday, with analysts arguing the coffee chain wasn’t doing enough to turn its business ...
Starbucks' China business has attracted offers for a potential stake sale, valuing the coffee chain unit at up to $10 billion ...
Starbucks' quarterly sales decline in China was four times worse than the coffee chain expected and it has no "line of sight" into when business there will fully recover, the company said, sending ...
Starbucks sales took a plunge in China due to the country’s strict Covid-19 restrictions. In the three months ending on July 3, sales at Starbucks’ Chinese locations open at least 13 months ...
Although China accounted for less than 10 per cent of Starbucks' US$6.4 billion global sales in 2005, Schultz says the country will soon become the firm's largest market outside of North America.
(Reuters) -U.S. cafe chain Starbucks said it is not currently considering a full sale of its China operations, after Chinese financial magazine Caixin reported that it was, without disclosing where it ...
Starbucks has named its first chief executive for China and said it plans to more than double its store count in that country to 5,000 by 2021. The world's biggest coffee chain promoted Belinda ...
What to know about the giant Chinese app-centric cafe chain, a Starbucks competitor that opened two New York locations in ...
Starbucks plans to accelerate its expansion in China, shrugging off concerns about a slowdown in the coffee chain’s second-largest market behind the US and a potential further depreciation of ...
The world’s largest coffee seller Starbucks plans to triple the number of its shops in China during the next four years.
Starbucks has become the first major US company to warn of a financial hit from the new coronavirus outbreak in China, as it closed thousands of restaurants and adjusted operating hours in its ...