Starbucks shares tumble as China, US demand slowdown clouds outlook

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Shares of Starbucks fell nearly 14% before the bell on Wednesday, after the coffee chain cut its annual forecasts on persistent weak demand in the United States from inflation-weary customers and a slower-than-expected recovery in China. Several quarters of price hikes have forced customers to ditch cafes and restaurants and instead drink coffee at home, …

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Starbucks’ CEO Confirms New Boba-Like Drinks Are Launching This Summer

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Innovation is in the air at Starbucks with a new line of boba-style drinks coming this summer. While the company itself hasn’t officially confirmed any details yet, CEO Laxman Narasimhan confirmed the impending arrival of the new products, which have been an ongoing rumor around Starbucks, during an earnings call on Tuesday. “For summer, we are launching …

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Starbucks’ eighth location in Ocala is first in city’s northeast

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Starbucks is in the midst of expanding its presence in Ocala with construction of its eighth location, which is its first in the northeast part of the city in nearly 15 years. The new coffee shop is under construction at 3727 East Silver Springs Boulevard, next to the Wawa that opened in April 2019. Starbucks posted …

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Starbucks to enter Ecuador and Honduras markets

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On 29 April, Starbucks Coffee Company revealed plans to enter markets in Ecuador and Honduras by the end of 2024. As part of its Triple Shot Reinvention with Two Pumps strategy announced in November 2023, which includes driving store expansion to 55,000 locations globally by 2030, Starbucks will will open stores in Quito, Ecuador, and San Pedro Sula, Honduras. …

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Tokyo’s most famous Starbucks reopens at Shibuya Crossing with a new look

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After a much-needed refresh and revamp, the iconic Tsutaya store in Shibuya finally reopened on Thursday April 25. Along with the newly renovated retail space, Tokyo’s most famous Starbucks has also resumed business on the same date.  Before it closed for remodelling, this particular Starbucks was immensely popular, as it offered a great view overlooking Shibuya Scramble …

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