Starbucks announced today that it will close all Teavana stores.
Starbucks today announced revenue for the last quarter, which was in line with analysts' expectations, but Starbucks predicted that business would be a bit sluggish this quarter and announced that it would close 379 Teavana stores nationwide by the spring of 2018.
The announcement comes after Starbucks announced a major decision to buy a 50 per cent stake in its business in eastern China from its partners, which would cost $1.3 billion and would be Starbucks' biggest acquisition. Starbucks' net income fell to about $690 million, or 47 cents a share, last quarter. In the same period a year ago, Starbucks' net income was about $750 million, or 51 cents a share. Although Starbucks' revenue met expectations this time, both the retail and restaurant industries in the United States are going through a cold winter due to pressure from non-traditional competitors. In terms of overall sales, Starbucks's overall sales rose 5% last quarter compared with the same period last year, and traffic rebounded in the last quarter after three consecutive quarters of continuous decline. In china, sales at Starbucks stores rose 7% last quarter compared with the same period last year.
- Prev
What does it mean for Unification that Starbucks wants to take back control?
Follow Kaipai (Wechat official account vdailycom) found that Beautiful Cafe opened a small shop of its own on July 27, that is, last night, Starbucks announced that it had formally reached its largest acquisition agreement to date with its long-time joint venture partners Uni-President Enterprise Co., Ltd. (unified Enterprise) and Uni-President Superstore Co., Ltd. (unified superstore), at a price of US $1.3 billion.
- Next
Starbucks 'largest acquisition in history: 8.8 billion to control all stores in China
Pay close attention to the comment (Weixin Official Accounts vdailycom ) and find that Meimei Cafe has opened its own small store. Starbucks and McDonald's have always taken two different paths in China, reflecting the difference in the current status of the two companies. Starbucks Launches Largest Acquisition in History, Bloomberg Reports
Related
- The design principle of the V60 filter cup! Why is the V60 filter cup called V60? What is the difference between a V60 hand-brewed coffee filter cup and a cake filter cup? Who invented the V60?
- Why does mocha pot coffee smell burnt? How to adjust the coffee extract in the mocha pot? What should I do if the coffee in the mocha pot is burnt? Why is mocha pot coffee so easy to overpower?
- Why can't cappuccinos be made takeout? What is the ratio of coffee to milk in a cappuccino? How thick is the milk foam in capuccino? What does Capuccino mean?
- How to make silky and strong salty mocha coffee? How to make a delicious mocha latte? What is the difference between latte and mocha coffee?
- How to use the Aiyue coffee press machine? Who invented Aiyue Pressure? What is the difference between Aiyue brewed coffee and hand-brewed coffee? What is the principle of coffee extraction from Aiyue Pressure?
- How to make the world's top coffee Yejia Xuefei? What are the characteristics of Yejia Shefi coffee? What is the flavor of Yejia Shefei? How to solve the blockage during lightly baked beans?
- What does long extract coffee mean? What is the difference between long-extract coffee and American coffee? What is the difference between Lungo and American coffee? What is Lungo Coffee?
- What does under-extracted coffee taste like? What are the characteristics of over-extracted coffee? How to tell if coffee is over-extracted or under-extracted?
- Why isn't Dirty hot? What is Dirty in espresso? What should I do with hot Dirty?
- Share the correct way to make hanging ear coffee! How much water should I use to make my ear coffee? How many stages does the water injection of hanging ear coffee need to be divided into? How much water does it take to put in hanging ear coffee? How to m