Hosted on MSN7mon
China is Starbucks' 2nd biggest market, but sales are slumping. Here's why.
Starbucks has been struggling in China. Comparable store sales, a key measure for the restaurant industry, were down 14% in its most recent quarter. China, the world's second-biggest country by ...
Daily Mail16d
Starbucks faces new threat as $2 coffee chain that is dominant overseas expands to the US
Starbucks lost millions of customers last year — and now faces a rapidly-expanding Chinese competitor for American coffee-drinking dominance. Luckin Coffee — which has overtaken Starbucks as ...
Wall Street Journal10mon
Starbucks Is Losing Momentum in the U.S., Can It Succeed in China?
Starbucks is losing ground in the U.S. and facing increased competition in China. Heard on the Street editor Spencer Jakab explains what’s at stake for the company if it doesn’t succeed in China.