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Starbucks (NASDAQ:SBUX) broke higher in Monday trading after the U.S. and China agreed to lower tariffs. Investors may be ...
In China, Starbucks’ second-largest market, a 6% drop in comps reflects the intense competition it faces and a slower than expected economic recovery. Tariffs on imported goods, including coffee ...
As coffee chains in China struggle with a bitter combination of sluggish consumption and cutthroat pricing, Starbucks and Luckin Coffee regained momentum in the last quarter by focusing on lower ...
Both domestic and international coffee chains are feeling the impact, with Starbucks emerging as one of the biggest losers. The chain, once synonymous with coffee in China, fell to 14 per cent of ...
The company plans to hire additional employees across 1,500 to 2,000 US stores by May, expanding to 3,000 by year-end.
The union filed some 90 unfair labor practice complaints against Starbucks with the National Labor Relations Board and launched a five-day strike leading up to Christmas Day in major cities ...
International comps were a bright spot, rising 2% on a 3% rise in transaction counts, but China's comps were flat. One big problem that Starbucks struggled through was a 12% rise in store ...
Meanwhile, Niccol said Starbucks remains committed to growing its China business over the long term. Overall revenue rose 2% to $8.72 billion as it continues to increase its store base.
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