China is Starbucks' 2nd biggest market, but sales are slumping. Here's why.
China is Starbucks' second-biggest market, with more than 7,000 stores.
CFOTO/Future Publishing via Getty Images
- Starbucks' comparable sales in China are slumping, with a 14% drop in the most recent quarter.
- Its then-CEO put it down to weak consumer spending and a coffee store "price war" in a July investor call.
- China is Starbucks' second-biggest market but analysts question how well its format works in China.
Starbucks has been struggling in China.
Comparable store sales...
Заголовки