Starbucks China Competition

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Starbucks, Sales Slip

Starbucks Just Shared How It’s Turning Around Its Sales Slump

The coffee chain is piloting a new store design, simplifying its menu, and trying other tactics to bring back customers.

The New York Times · 1d

Starbucks Sees Improvement Even as Global Same-Store Sales Slip Again

The C.E.O., Brian Niccol, said the coffee chain’s turnaround was in progress, and sales in China increased for first time in more than a year.

USA TODAY on MSN · 1d

Starbucks execs say 'tangible progress' made in turnaround effort; sales slump slightly

Starbucks earnings were down, though near analyst expectations, as the company's CFO said that there has been "tangible progress" in its turnaround plan.

Starbucks, Brian Niccol

Reuters on MSN · 1d

Starbucks shares rise as CEO Niccol's turnaround efforts gain traction

Starbucks shares rose about 3% in early trading on Wednesday as the coffee chain's strong quarterly sales signaled CEO Brian Niccol's turnaround plan was bearing fruit.

INSIDER on MSN · 1d

Starbucks CEO Brian Niccol says price changes are a last resort in coffee chain turnaround

CEO Brian Niccol said price changes are his last resort for improving Starbucks' slumping sales — but they're "absolutely" on the horizon.

Hosted on MSN · 1d

Starbucks CEO backs brand reset as turnaround efforts drive sales beat

Starbucks reported better-than-expected revenue rise for the third quarter, as demand in China improved while investments in labor and store operations, and changes to the menu helped it offset slowing consumer spending in its domestic market.

1don MSN

Starbucks isn't giving up on its China dream

The chain is looking for a local partner to help run its stores in China as it looks to open "thousands" more outlets there ...

8don MSN

Starbucks introduces free study rooms in China to boost traffic amid rising competition

Starbucks (SBUX) is said to have introduced free “study rooms” at select locations in China, marking its latest effort to ...

1don MSN

Starbucks beats revenue estimates on China strength, turnaround strategy

By Savyata Mishra (Reuters) -Starbucks beat Wall Street estimates for third-quarter revenue on Tuesday, as steadying sales in ...

Starbucks opens free study rooms in China to lure back customers

This initiative come as Starbucks tries to revive sales growth amid stiff competition in China. Read more at straitstimes.com ...

Stocktwits on MSN20d

Is Starbucks China Really Worth $10B? Why Analysts Feel Rumored Valuation Is A Bit Too Rich

Starbucks is considering a partial or full sale of its China business, with a recent news report suggesting that it could be valued at up to $10 billion. However, analysts caution that this may be an ...

Nikkei Asia1d

Starbucks CEO seeks China partner to 'compete more effectively'

TOKYO -- Starbucks Chairman and CEO Brian Niccol said the American coffee chain is looking for a strategic partner in China to enhance its competitiveness and efficiency, but vowed that the U.S.

U.S. News & World Report1mon

Starbucks to Lower Prices in China as Competition Heats Up

BEIJING (Reuters) -Starbucks China will lower the prices of some of its iced drinks by an average of 5 yuan ($0.70) across the country, the company announced on Monday, as competition ...

Benzinga.com22d

Starbucks Attracts $10 Billion In Bids For China Unit Amid Rising ...

Starbucks plans to keep around 30% ownership and finalize a shortlist of buyers within two months. Nearly 30 private equity firms submitted non-binding offers to buy a stake in Starbucks' China ...

Starbucks Faces Huge Competitor

Starbucks (NASDAQ: SBUX) faces its first real competition worldwide due to the growth of Luckin Coffee which has over 24,000 ...

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