Financing
Luckin Coffee and the booming Asian coffee sector take a bite out of Starbucks
Dispatch from Singapore: The Asian coffee market was largely untapped when Starbucks first entered China 20 years ago. But it is suddenly flush with competitors that are growing at a breakneck pace.
Financing
Amid ongoing sales slide, Starbucks faces a ‘moment of truth’
Traffic fell 10% during the fourth quarter, according to preliminary earnings released Tuesday by the coffee shop giant.