Store expansions, online orders help in keeping momentum on even keel
4 years, 1 month ago

Store expansions, online orders help in keeping momentum on even keel

China Daily  

A Starbucks Now Store in Beijing's financial area. CHINA DAILY Leading coffee chains are banking on the strong growth seen in the recent quarters to chart store expansions and penetration into more lower-tier cities, despite the huge surge in online orders due to the COVID-19 restrictions. Leading coffeehouse chain Starbucks Corp said its comparable store sales rose by 5 percent on a yearly basis during the first quarter that ended on Jan 26, driven largely by the 9-percent increase in average purchase tickets. In terms of active members, Starbucks China has 15.4 million 90-day active members, which is 14 percent higher than the previous quarter and 51 percent more than that a year ago. Due to the resurgence in COVID-19 infections in select provinces, the company expects comparable store sales to fall by 7 percent in January, while it anticipates a 100 percent growth in comparable store sales during the second quarter, they said.

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History of this topic

Fast-food giants deepen market reach in 2024
1 month, 3 weeks ago

Fast-food giants deepen market reach in 2024

China Daily  

McCafe sets up a characteristic stall in Shanghai in May. McDonald's China accounted for about 70 percent of all new store openings in the company's international licensed markets, up 3 percentage points from the previous year. In the fourth quarter, McDonald's International Developmental Licensed Markets segment, which includes China, recorded a 4.1 percent increase in comparable sales, while the United …

Walmart China opens two next-generation stores
3 months ago

Walmart China opens two next-generation stores

China Daily  

Customers shop at a Walmart China new next-generation store in Kunming, Yunnan province, in December. CHINA DAILY Walmart China unveiled two new next-generation stores in Kunming, Yunnan province, in December, marking a major step in the retailer's transformation strategy. The new generation stores integrate customer-driven design principles across 16 themed sections, reflecting everyday consumption scenarios such as breakfast, hot pot, …

Walmart China opens two next-generation stores
3 months ago

Walmart China opens two next-generation stores

China Daily  

Customers shop at a Walmart China new next-generation store in Kunming, Yunnan province, in December. CHINA DAILY Walmart China unveiled two new next-generation stores in Kunming, Yunnan province, in December, marking a major step in the retailer's transformation strategy. The new generation stores integrate customer-driven design principles across 16 themed sections, reflecting everyday consumption scenarios such as breakfast, hot pot, …

Starbucks China: Expanding into Lower-Tier Cities, Driving Growth in County-Level Stores
5 months ago

Starbucks China: Expanding into Lower-Tier Cities, Driving Growth in County-Level Stores

China Daily  

Starbucks China's performance from its newly-opened county-level stores has shown improvement compared to those in higher-tier cities. The company's revenue in China reached $783.7 million in the fourth quarter, marking a 6 percent increase from the previous quarter despite a 7 percent decline year-on-year. However, comparable store sales in China faced a 14 percent decline due to intensified competition and …

Starbucks' sales dip as customers seek better-priced coffee elsewhere
7 months, 3 weeks ago

Starbucks' sales dip as customers seek better-priced coffee elsewhere

Salon  

A growing number of customers are abandoning Starbucks in favor of alternative coffeehouses selling reasonably priced drinks and food. Last week, CNN reported that Starbucks sales dropped 3% globally at stores open for at least a year, including a 2% drop in its North America market. CEO Laxman Narasimhan told CNBC that more consumers are buying the brand’s line of …

Starbucks quarterly revenue falls on weak traffic in US and China
8 months ago

Starbucks quarterly revenue falls on weak traffic in US and China

Associated Press  

Starbucks’ revenue fell 1% in the April-June period as customer traffic weakened in the U.S. and China. “We are focused on what we can control in a consumer environment that can best be described as ‘complex,’” Starbucks CEO Laxman Narasimhan said during a conference call with investors. Starbucks’ comments mirrored those at McDonald’s, which said earlier this week that its …

China's online retail sales up 11.5% in January-April period
10 months, 1 week ago

China's online retail sales up 11.5% in January-April period

China Daily  

A staff member sells summer oranges via live broadcasts at a digital e-commerce center in Zigui county, Yichang, Hubei province on Aug 4, 2023. BEIJING - China's online retail sales saw steady expansion in the first four months of 2024, with emerging growth forces continuing to boost consumption, official data showed on Tuesday. The country's online retail sales rose 11.5 …

China's online retail sales up 11.5% in January-April period
10 months, 1 week ago

China's online retail sales up 11.5% in January-April period

China Daily  

Xinhua| Updated :2024-05-23 A staff member sells summer oranges via live broadcasts at a digital e-commerce center in Zigui county, Yichang, Hubei province on Aug 4, 2023. BEIJING - China's online retail sales saw steady expansion in the first four months of 2024, with emerging growth forces continuing to boost consumption, official data showed on Tuesday. The country's online retail …

Shopping trend takes retail sector by storm
1 year ago

Shopping trend takes retail sector by storm

China Daily  

Although fewer and fewer actual customers visit Sun Zhang's convenience stores, he is still going gangbusters with his business, and plans to open his tenth store on Wednesday in Harbin, Heilongjiang province. The surge of tourism in Harbin during the past winter season also brought Sun more sales volume, especially for stores near scenic spots and popular business districts. In …

How Starbucks Lost the Top Spot in China’s Coffee Race
1 year, 4 months ago

How Starbucks Lost the Top Spot in China’s Coffee Race

Live Mint  

Starbucks is losing its prime spot among chains racing to meet China’s growing thirst for coffee. Luckin Coffee has surpassed Starbucks as China’s biggest coffee chain by sales and units, company reports show, a comeback for the Chinese company after an accounting scandal that stalled its growth. Executives said China would one day become Starbucks’s largest market. Luckin, founded in …

Starbucks earns big in the Chinese market
1 year, 8 months ago

Starbucks earns big in the Chinese market

China Daily  

Starbucks is rolling out a range of new sustainable packaging at its stores in China. In the Chinese market, the company's comparable store sales increased 46 percent and the transactions grew 48 percent in Q3 which ended on July 2 this year. China business continued to recover in line with expectations and it is clear the company has abundant opportunity …

Starbucks reports record revenue as China booms, but sales still fall short of expectations
1 year, 8 months ago

Starbucks reports record revenue as China booms, but sales still fall short of expectations

Associated Press  

Starbucks reported record revenue in its fiscal third quarter as its China business roared back to life. While its earnings surpassed Wall Street’s forecast, its revenue and same-store sales were lower than expected as North American store traffic slowed. Same-store sales — or sales at stores open at least a year — jumped 46% in China, reversing last year’s declines …

Starbucks misses sales, revenue estimates as China falters
2 years, 2 months ago

Starbucks misses sales, revenue estimates as China falters

Associated Press  

Starbucks reported lower-than-expected sales in its fiscal first quarter, with COVID store shutdowns in China overshadowing stronger results elsewhere. During a conference call with investors, Starbucks’ interim CEO Howard Schultz said China’s decision to end its zero-COVID policy in December caused a spike in infections that closed nearly 30% of Starbucks’ 6,000 stores at its peak. But Schultz said Starbucks …

Starbucks reports record Q4 revenue despite China declines
2 years, 4 months ago

Starbucks reports record Q4 revenue despite China declines

Associated Press  

Pumpkin spice pumped up Starbucks’ sales in its fiscal fourth quarter, and the company said it’s confident that momentum will carry on into next year. “There is an affordable luxury to Starbucks that our customer base has been willing to support,” Starbucks’ interim CEO Howard Schultz said Thursday in a conference call with investors. Starbucks said it expects global same-store …

Starbucks charts expansion plan in China for more market share
2 years, 6 months ago

Starbucks charts expansion plan in China for more market share

China Daily  

A Starbucks store in Hangzhou, Zhejiang province. Starbucks plans to increase its store numbers by 50 percent to 9,000 stores by 2025 in China－its second-largest market－as well as double its sales and quadruple its operating income through efforts including store expansion, growth in omnichannel engagement and at-home and on-the-go coffee services. By 2025, the company is expected to open a …

Beijing locals buy fridges, stockpile food after Shanghai residents warn COVID outbreak will 'get serious'
2 years, 11 months ago

Beijing locals buy fridges, stockpile food after Shanghai residents warn COVID outbreak will 'get serious'

ABC  

Max Wan ordered a second fridge earlier this week and plans to stuff it with food for himself and his pets. Despite their warning, Mr Wan said he was not panicking about food shortages similar to what happened in Shanghai, but he thought it would be "wise" to buy a new fridge. He said many Beijing residents were also stockpiling …

Starbucks’ strong US holiday offset by costs, China slump
3 years, 2 months ago

Starbucks’ strong US holiday offset by costs, China slump

Associated Press  

Starbucks had a strong holiday season in the U.S., but those results were offset by higher labor and commodity costs and weaker sales in China. It expects adjusted earnings growth of 8% to 10%, down from its previous forecast of at least 10% Starbucks said it is cutting back on marketing and promotions to help offset its rising costs. Starbucks …

On-premise outlets banking on social networking to expand presence, sales
3 years, 10 months ago

On-premise outlets banking on social networking to expand presence, sales

China Daily  

A customer orders a cup of coffee at a Starbucks outlet in Qingdao, Shandong province. Online social networking has become the new trend for on-premise coffee chains to get connected with digital-savvy Chinese consumers, even as the companies intensify their brick-and-mortar store expansion in the country. Starbucks China, a unit of United States-based coffee giant Starbucks, has introduced Starbucks Now …

On-premise outlets banking on social networking to expand presence, sales
3 years, 10 months ago

On-premise outlets banking on social networking to expand presence, sales

China Daily  

A customer orders a cup of coffee at a Starbucks outlet in Qingdao, Shandong province. Online social networking has become the new trend for on-premise coffee chains to get connected with digital-savvy Chinese consumers, even as the companies intensify their brick-and-mortar store expansion in the country. Starbucks China, a unit of United States-based coffee giant Starbucks, has introduced Starbucks Now …

Starbucks sales tumble as global shutdowns hit its stores
4 years, 11 months ago

Starbucks sales tumble as global shutdowns hit its stores

Associated Press  

Starbucks said Tuesday that its global sales tumbled in the first three months of the year as coronavirus-related shutdowns gripped its operations. Starbucks said its same-store sales — or sales at stores open at least a year — fell 10% globally in the January-March period. Starbucks said 98% of its stores in China have reopened, but many are operating with …

China's coffee consumption upgrading speeds up industrial layout
4 years, 11 months ago

China's coffee consumption upgrading speeds up industrial layout

China Daily  

The world's biggest Starbucks store, Coffee Wonderland, is located in Shanghai. Coffee lover Zhao Xiaotong rushed to a Starbucks store when the coffee brand resumed business in Nanjing, capital of East China's Jiangsu province. Nowadays, coffee consumption is also growing rapidly in China, turning the traditionally tea-drinking country into one of the world's most promising markets for the coffee industry. …

China's coffee consumption upgrading speeds up industrial layout
4 years, 11 months ago

China's coffee consumption upgrading speeds up industrial layout

China Daily  

The world's biggest Starbucks store, Coffee Wonderland, is located in Shanghai. Coffee lover Zhao Xiaotong rushed to a Starbucks store when the coffee brand resumed business in Nanjing, capital of East China's Jiangsu province. Nowadays, coffee consumption is also growing rapidly in China, turning the traditionally tea-drinking country into one of the world's most promising markets for the coffee industry. …

Outbreak brings challenges, offers future opportunities to retail sector: Survey
5 years ago

Outbreak brings challenges, offers future opportunities to retail sector: Survey

China Daily  

A consumer buys vegetables at a grocery store in Zhengzhou, capital of Henan province, on Feb 6. The outbreak of the novel coronavirus epidemic though weighing down China's retail industry, especially brick-and-mortar retailers, also brings new opportunities to the sector, a report by the global measurement and data analytics company Nielsen showed on Thursday. Nielsen compiled research covering key retail …

Coronavirus outbreak: Starbucks closes half of all stores in China due to deadly virus
5 years, 2 months ago

Coronavirus outbreak: Starbucks closes half of all stores in China due to deadly virus

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Thanks …

Starbucks shutters half its China stores, warns of hit from virus
5 years, 2 months ago

Starbucks shutters half its China stores, warns of hit from virus

Al Jazeera  

The US-based coffee chain closed more than half of its stores in China in response to the coronavirus outbreak. Starbucks Corp has become the first large United States company to warn of a financial hit from the new coronavirus outbreak in China, as it closed thousands of restaurants and adjusted operating hours in its biggest growth market. The company, which …

Starbucks has closed more than half of its Chinese stores because of coronavirus
5 years, 2 months ago

Starbucks has closed more than half of its Chinese stores because of coronavirus

CNN  

New York CNN Business — Starbucks has closed more than half of its roughly 4,300 Chinese stores, as the deadly coronavirus continues to spread in the country. The company said Tuesday it is continuing to “monitor and modify the operating hours of all of our stores in the market,” in light of the outbreak.”This is expected to be temporary,” Starbucks …

Walmart China plans to open 500 new stores
5 years, 4 months ago

Walmart China plans to open 500 new stores

CNN  

Hong Kong CNN Business — Walmart is doubling down in China despite an economic slowdown. The Arkansas-based retailer announced Thursday that it plans to open 500 new stores in China over the next five to seven years. JD.com, China’s second largest e-commerce player after Alibaba, now hosts Walmart’s groceries and other various products on its own online shopping platform. The …

How Starbucks has picked up steam again
5 years, 8 months ago

How Starbucks has picked up steam again

LA Times  

A Starbucks coffee shop in Beijing last year. Same-store sales in China alone, where Starbucks has been aggressively opening thousands of outlets, fell slightly during last year’s spring quarter as competition grew. And Starbucks’ management — led by Chief Executive Kevin Johnson, who took over two years ago from longtime CEO Howard Schultz — had produced quarterly results that sometimes …

Apple China sales may drop — and it won’t be the last casualty of the economic slowdown
6 years, 3 months ago

Apple China sales may drop — and it won’t be the last casualty of the economic slowdown

CNN  

Hong Kong CNN Business — From iPhones to autos, global brands rely on China for growth. The slump in China’s economy, the second largest in the world, could hit companies like General Motors, Volkswagen and Starbucks, which will report earnings in the coming weeks. “This year has the potential to be a tough year for western brands,” said Benjamin Cavender, …

Starbucks isn’t done growing in America or China
6 years, 4 months ago

Starbucks isn’t done growing in America or China

CNN  

New York CNN Business — Starbucks wants to be big in China, and even bigger in the United States. To drive that growth, Starbucks freed up cash and resources by closing its Teavana retail stores, partnering with Nestle to create a “global coffee alliance” and reorganizing its corporate team. “Starbucks has that high-end appeal, so they’re capitalizing on that trend.” …

June 18 gala snares record sales
6 years, 9 months ago

June 18 gala snares record sales

China Daily  

By He Wei in Shanghai and Fan Feifei in Beijing | China Daily | Updated: 2018-06-21 09:03 JD employees pose for a photo in front of a June 18 shopping gala promotion board at the e-commerce giant's headquarters in Beijing on June 18. "The summer months are traditionally slower in terms of overall retail sales, compared with higher spending from …

Starbucks Reserve Roastery set to open in Shanghai[1]- Chinadaily.com.cn
7 years, 3 months ago

Starbucks Reserve Roastery set to open in Shanghai[1]- Chinadaily.com.cn

China Daily  

Starbucks Reserve Roastery in Shanghai will open its door to customers on Dec 6, 2017. Starbucks Reserve Roastery in Shanghai will open its door to customers on Dec 6, three years after the launch of the Seattle Roastery. Kevin Johnson, CEO of Starbucks Coffee Company, said the roastery will serve as an innovation hub for the company's stores and is …

Starbucks Reserve Roastery set to open in Shanghai[1]- Chinadaily.com.cn
7 years, 3 months ago

Starbucks Reserve Roastery set to open in Shanghai[1]- Chinadaily.com.cn

China Daily  

Starbucks Reserve Roastery in Shanghai will open its door to customers on Dec 6, 2017. Starbucks Reserve Roastery in Shanghai will open its door to customers on Dec 6, three years after the launch of the Seattle Roastery. Kevin Johnson, CEO of Starbucks Coffee Company, said the roastery will serve as an innovation hub for the company's stores and is …

Starbucks rallies after Chinese sales growth fuels optimism
7 years, 8 months ago

Starbucks rallies after Chinese sales growth fuels optimism

Associated Press  

Starbucks Corp.’s sales surged in China last quarter, helping validate the company’s wager that it can turn the country into its biggest growth engine. “The growth opportunity in China is unparalleled,” Kevin Johnson, the company’s chief executive officer, said in an interview. Starbucks’ same-store sales have risen for seven straight years, but slowing growth has put Johnson under pressure. Johnson …

Leading Chinese chain stores see waning sales growth
7 years, 10 months ago

Leading Chinese chain stores see waning sales growth

China Daily  

BEIJING - Sales revenue by China's 100 largest chain stores rose by a meager 3.5 percent year on year to 2.1 trillion yuan, while industry leaders cut operational costs to improve profitability, according to a recent industry report. This rate represented the slowest gain since the China Chain Store and Franchise Association began publishing the figures in 1998, which came …

Leading Chinese chain stores see waning sales growth
7 years, 10 months ago

Leading Chinese chain stores see waning sales growth

China Daily  

BEIJING - Sales revenue by China's 100 largest chain stores rose by a meager 3.5 percent year on year to 2.1 trillion yuan, while industry leaders cut operational costs to improve profitability, according to a recent industry report. This rate represented the slowest gain since the China Chain Store and Franchise Association began publishing the figures in 1998, which came …

Starbucks to double number of China locations
8 years, 3 months ago

Starbucks to double number of China locations

China Daily  

Starbucks Corp plans to add more than 12,000 new stores globally by 2021, including doubling the number in China to 5,000. Starbucks entered the Chinese mainland in 1999, and at the conference it unveiled a partnership with Tencent Holdings Ltd's WeChat social media platform, China's equivalent of Facebook, to create a social gifting and digital payment system for China on …

Changing consumer habits push China retail transition: report
8 years, 4 months ago

Changing consumer habits push China retail transition: report

China Daily  

BEIJING - Changing consumer preferences have created challenges as well as opportunities for China's retail sector, a recent report points out. Department stores and high-street shops are loosing customers, who seem to be moving more toward shopping malls and online-market places, according a report by international rating agency Fitch. Retail sales for the top 50 domestic retailers declined by 1.9 …

Changing consumer habits push China retail transition: report
8 years, 4 months ago

Changing consumer habits push China retail transition: report

China Daily  

BEIJING - Changing consumer preferences have created challenges as well as opportunities for China's retail sector, a recent report points out. Department stores and high-street shops are loosing customers, who seem to be moving more toward shopping malls and online-market places, according a report by international rating agency Fitch. Retail sales for the top 50 domestic retailers declined by 1.9 …

China Jan-Oct retail sales up 10.3%
8 years, 4 months ago

China Jan-Oct retail sales up 10.3%

China Daily  

BEIJING - China's retail sales of consumer goods grew 10.3 percent year on year in the first 10 months this year, slightly down from 10.4 percent for the first three quarters, official data showed Monday. The growth was partly contributed by booming Internet-based sales, with online sales surging 25.7 percent year on year to 3.93 trillion yuan from January to …

In China, Wal-Mart meets its match: Sun Art Retail
8 years, 10 months ago

In China, Wal-Mart meets its match: Sun Art Retail

China Daily  

Bruno Mercier, CEO of Sun Art Retail Group. Wal-Mart ranks No 3 in market share in the big store sector and faces stiff competition from local and regional players like the No 2 that is Sun Art Retail Group, RT-Mart's parent. RT-Mart and other rivals seem to have poached Wal-Mart's "everyday low price" slogan－though they last just a few weeks, …

In China, Wal-Mart meets its match: Sun Art Retail
8 years, 10 months ago

In China, Wal-Mart meets its match: Sun Art Retail

China Daily  

Bruno Mercier, CEO of Sun Art Retail Group. Wal-Mart ranks No 3 in market share in the big store sector and faces stiff competition from local and regional players like the No 2 that is Sun Art Retail Group, RT-Mart's parent. RT-Mart and other rivals seem to have poached Wal-Mart's "everyday low price" slogan－though they last just a few weeks, …

Wal-Mart to open 60 new stores by 2017
8 years, 11 months ago

Wal-Mart to open 60 new stores by 2017

China Daily  

A cashier at a Wal-Mart outlet in Shanghai. Part of retailer's effort to integrate businesses in a tough market Wal-Mart China is opening 60 new stores in the country by 2017 as part of its efforts to integrate its hypermarkets, membership stores and online platform to offer customers more convenience and quality products in a highly-competitive retail market, the company's …

China's top chain stores see moderate growth
9 years, 11 months ago

China's top chain stores see moderate growth

China Daily  

BEIJING - Sales by China's largest 100 chain stores rose 5.1 percent year on year to 2.1 trillion yuan last year, marking the slowest growth since 1998, according to a recent industry report. The number of chain store outlets reached 107,000 in 2014, up 4.2 percent from the previous year, said the report of the China Chain Store and Franchise …

Retailers feeling online pressure
10 years ago

Retailers feeling online pressure

China Daily  

The traditional brick-and-mortar retail sector suffered two significant setbacks last year, with both numbers of people employed and revenue growth falling significantly. According to a report from the China Chain Store & Franchise Association, staff numbers employed by chain stores and franchises dropped 1.3 percent on 2013, while sales revenue growth was 8.8 percent, down from 11.4 percent, a direct …

Retailers feeling online pressure
10 years ago

Retailers feeling online pressure

China Daily  

The traditional brick-and-mortar retail sector suffered two significant setbacks last year, with both numbers of people employed and revenue growth falling significantly. According to a report from the China Chain Store & Franchise Association, staff numbers employed by chain stores and franchises dropped 1.3 percent on 2013, while sales revenue growth was 8.8 percent, down from 11.4 percent, a direct …

Apple steps up China expansion with another new store[1]- Chinadaily.com.cn
10 years, 2 months ago

Apple steps up China expansion with another new store[1]- Chinadaily.com.cn

China Daily  

Photo taken on Jan 22, 2015 shows a new Apple Store located by the West Lake in Hangzhou, capital of East China's Zhejiang province. Hangzhou's first Apple Store will go into business on Jan. 24, which is also the 14th directly-operated Apple Store in China. HANGZHOU - Apple will open its 14th Chinese mainland store in Hangzhou, in East China's …

Apple opening five stores in five weeks in China
10 years, 2 months ago

Apple opening five stores in five weeks in China

China Daily  

Asia's biggest Apple store situated in Wangfujing, Beijing. BEIJING - Apple Inc is greatly speeding up market expansion in China by opening five new stores in roughly five weeks. Four of the stores are in brand new cities for us," Angela Ahrendts, Apple's senior vice president of retail and online stores, told Xinhua in a telephone interview. Apple CEO Tim …

Brewing success cup by cup[1]- Chinadaily.com.cn
10 years, 9 months ago

Brewing success cup by cup[1]- Chinadaily.com.cn

China Daily  

A Starbucks' flagship store in Beijing. Meeting the parents is one such initiative that has made a big difference in China, says the chairman, president and chief executive officer of Starbucks Corp, the US-based global coffee chain. Terming it as the most emotional moment since he joined Starbucks, Schultz says such events help the company establish close connections with its …

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