Starbucks is bearish about Britain's prospects because of concerns about Brexit and terrorist attacks
Starbucks Corp., the coffee chain giant After downgrading its earnings forecast earlier this year, it has recently said that concerns about Brexit and terrorist attacks could hurt its UK earnings.
"The company remains cautious about its outlook for 2017 due to persistent economic and geopolitical headwinds, including slow economic growth, the impact of Brexit, and security concerns undermining consumer confidence," Starbucks said in a filing with the UK Companies House.
Starbucks 'profits in Britain plunged 74 percent to 6.7 million pounds ($8.4 million) in the year to October 2, the company said in the filing. It also said foot traffic "dropped significantly" across stores nationwide.
The world's largest coffee company, based in Seattle, Washington, has been trying to improve sales with new technology and a loyalty program to lock in customers. Sales in the UK have been hampered by the Brexit vote and the recent terrorist attacks across Europe.
Starbucks last year cited the Paris terror attacks as a reason for its performance in Europe. In the U.S., companies are also under pressure because their mobile-order-ahead mobile apps are causing customer congestion at the food counter.
Starbucks said its UK business was "investing heavily" in low-calorie food options including fresh fruit, salads and meatloaf. The company also remodeled its stores to "reflect changes in customer demand," it said.
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Drink a cup of coffee and listen to a life story.
Deep in the mountains northeast of Hirakawa town in Binchuan, there is a place called Zhu Kula, which is a little-known Yi shanzhai. Due to the inconvenient transportation, Zhu Kula is almost isolated from the world. The villagers went to the market to buy a pig to carry back to raise, but there was no way to sell it when they were raised. During the Cultural Revolution, a young revolutionary came here. Seeing the winding and steep mountain road here, they had to write on the stone wall.
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Lai Yayen now makes wheezing coffee for caregivers.
Lai Yayan (photo), an artist who shot MV for the public welfare single Love not alone, attended a press conference on the 18th. With a barista license, she recreated the role of one-person coffee, such as Albus, delivering cups of warm breathing coffee to caregivers and showing off her ability to make coffee at the scene. Jiang Peiling, reporter of the Central News Agency, photographed April 18, 106.
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