Find in the news:
BY COUNTRY

China will become Starbucks' largest market



Starbucks continues to show impressive results, despite the overall recession in the consumer market.
Starbucks - unsplash

Starbucks continues to show impressive results, despite the overall recession in the consumer market. In the U.S. domestic market, the company achieved eight of its ten best days in history for the year.

Last year, Starbucks' performance in China could have been more impressive due to the new pandemic outbreak and restrictive measures. Comparable sales were down more than 40 percent in December.

Nevertheless, it is in China that the coffee giant intends to bet in the medium term. The market could become the mainstay of the Seattle-based company's portfolio once it fully recovers.

As of February 2023, the company has 6,100 coffee shops under management. Starbucks plans to increase that number to 9,000 in the next three years. Howard Schultz stated that the Chinese market would one day be the largest in the company's portfolio. However, Starbucks currently has a portfolio of about 16,000 coffee shops in the U.S., which bring in almost three times as much revenue.

Starbucks' main competitor in China remains the local chain Luckin Coffee, which overcame financial problems in 2020-2021. Sales of the local chain are growing steadily. In particular, in the third quarter, revenue added 66%.

More about shopping malls in China



TODAY, France:
The relaunch of the retail space took place five months after the renovation.
TODAY, USA:
German luxury sportswear brand Bogner increases its presence in the US market.
YESTERDAY, France:
French retail giants Auchan and Intermarché have presented a collaborative proposal.
YESTERDAY, USA:
This will be the ninth full-line retail store in the Little Words Project portfolio and an addition to two pop-up stores.
Dec 1, 2023, USA:
The 6,000-square-foot outlet is the brand's first full-size store in years.
Dec 1, 2023, USA:
McDonald's is going to roll out the new practice to its 13,460 restaurants in the United States.
Friend
and Follow
I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
Westfield World Trade Center GLA:365 000 SF
ADDRESS: World Trade Center, Manhattan, NY 10007
Viaport Outlet GLA:748 092 SF
ADDRESS: Yenisehir Mah. Dedepasa Cad. No:19 Via Port - Pendik
Turkey . Istanbul
Viaport Outlet


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us