The coffee chain plans to add the new outlets in India, Indonesia, Thailand, Malaysia, Laos and the Philippines, where it aims to expand beyond major cities. It will open one outlet in Laos, a Southeast Asian market the company only entered last year, it said in a statement Thursday. The move is intended to seize on Asia’s reopening as it continues to bounce back from the Covid-19 crisis, according to Michael Conway, Starbucks’ president of international and channel development.
Same-store sales in China fell 29% in the three months to January 1, the company said in an earnings presentation earlier this month. The metric refers to sales at stores open at least 13 months. Starbucks’ interim CEO Howard Schultz cited “Covid-related headwinds that unfolded in China” during the period. The company’s locations elsewhere proved to be bright spots during the quarter, with revenue jumping by more than 20% year-on-year for Asia Pacific, Conway said during the presentation.
Good grief! That's an invasion
Improve ur coffee man
More crap coffee from a country that knows not about good coffee 🤦♂️🤦♂️🤦♂️🤦♂️
'Discover expert insights on personal finance with 'Get a Financial Life' book review. Learn how to manage money, reduce debt, and invest wisely. Read now
If they are in need of employees, please notify us so that we should apply....👍
Please MarinSanna FinGovernment Finland_Nigeria what are you doing about an International Terrorist simon_ekpa hiding in your country causing the deaths of hundreds and thousands of Nigerians in the Southeast including pregnant women and children? Are you letting him free?
How or why? The worst coffee I’ve ever had. Once and never again.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: DallasBizNews - 🏆 525. / 51 Read more »