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China is Starbucks' 2nd biggest market, but sales are slumping. Here's why.
"We're not interested in entering the price war," Starbucks China CEO Belinda Wong told investors in January. "It is our aim to be the best and lead in the premium market." But Reuters reported in ...
Business Insider8mon
China's gold rush shows the Chinese still have money to spend — they're just not into Starbucks or Gucci
In the case of Starbucks, Luckin Coffee — China's biggest coffee chain — is aggressively putting out beverage deals at attractive prices to beat the American company. China's painful economic ...
FXEmpire.com5d
Starbucks Beats $9.4B Revenue, Sales Drop 4%, China Down 6%, Recovery in Focus
In China, Starbucks’ second-largest market, same-store sales fell 6%, with a 4% decline in average ticket prices. The company has leaned on discounts to compete with lower-priced rivals like ...