"When we get back to our core identity and consistently deliver a great experience, our customers will come back," Starbucks ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s largest coffee chain, Luckin Coffee, is planning to enter the US market and undercut rivals ...

Starbucks has been promoting China as a growth story for years. But unexpected domestic weakness and a major international ...

Four years on, Luckin is roaring back. It has emerged as China’s biggest coffee chain, overtaking Starbucks in sales and number of stores. Meanwhile, at Starbucks, revenue plunged for the third ...

In recent years, county-level markets have become the "blue ocean" for coffee consumption in China. Starbucks' continuous expansion demonstrates its confidence in the Chinese coffee market ...

Starbucks EPS declined 25%, led by traffic decline in US and China’s intensifying competition due to price war with major ...

Starbucks China has reported stronger performance from its newly-opened county-level stores compared to those in higher-tier cities, reinforcing its penetration strategy despite a decline in store ...

Check out other new changes. Starbucks recently announced some changes to the business, switching up its strategy in some core areas, including perks and discounts. After two consecutive quarters ...

Four years on, Luckin is roaring back. It has emerged as China’s biggest coffee chain, overtaking Starbucks in sales and number of stores.

Starbucks Corp. (NASDAQ: SBUX) needed large growth in China to drive its global expansion. As recently as last year, management said China sales would rise rapidly. Recently, sales in the world ...

People visit the booth of Starbucks at the China International Supply Chain Expo (CISCE) in Beijing, capital of China, Nov. 28, 2023. [Photo/Xinhua] Starbucks has set new records by opening 790 ...