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Starbucks misses sales estimates on China Covid curbs, suspends guidance

Starbucks misses sales estimates on China Covid curbs, suspends guidance

Starbucks Corp suspended its guidance for the rest of its fiscal year on Tuesday as sales growth missed Wall Street targets due to China's tough Covid-19 curbs.
Starbucks struggles to beat Vietnamese coffee chains

Starbucks struggles to beat Vietnamese coffee chains

Despite recording double-digit growth last year, American coffee chain Starbucks remained in third place in revenues behind two local competitors.
September 28, 2020 | 04:55 pm PT
Starbucks reopens outlets in contaminated water area

Starbucks reopens outlets in contaminated water area

Coffee chain Starbucks has resumed business in all the eight Hanoi locations it had closed in the wake of water supply contamination.
October 22, 2019 | 12:40 am PT
Starbucks closes seven Hanoi stores over contaminated water

Starbucks closes seven Hanoi stores over contaminated water

Coffee shop giant Starbucks has temporarily closed seven stores in Hanoi’s southwestern districts over the ongoing oil contamination crisis.
October 18, 2019 | 02:31 am PT
Top coffee chains record double digit growth

Top coffee chains record double digit growth

Five coffee chains are locked in a race for top spot in Vietnam, but Highlands Coffee is the clear leader so far.
June 11, 2019 | 05:34 pm PT
Which are Vietnam’s most successful coffee chains?

Which are Vietnam’s most successful coffee chains?

Highlands Coffee reported sales of VND1.24 trillion ($53.23 million) last year making it Vietnam’s largest coffee chain in terms of revenues.
November 6, 2018 | 09:24 pm PT
Global chains suffer as Vietnamese coffee lovers vote with their feet

Global chains suffer as Vietnamese coffee lovers vote with their feet

Local coffee shop chains are outmaneuvering international brands like Starbucks by catering to customers’ demands.
August 15, 2018 | 11:00 pm PT
Nestle to pay $7.15 bln to Starbucks to jump-start coffee business

Nestle to pay $7.15 bln to Starbucks to jump-start coffee business

Coffee is popular with younger customers who have grown up with Starbucks and often seek out smaller brands.
May 6, 2018 | 11:53 pm PT
Starbucks to close 8,000 US stores for one afternoon for racial-bias training

Starbucks to close 8,000 US stores for one afternoon for racial-bias training

The move follows a recent arrest of two black man waiting in a Philadelphia store.
April 17, 2018 | 05:23 pm PT
Starbucks coffee in California must have cancer warning, judge says

Starbucks coffee in California must have cancer warning, judge says

A not-for-profit group sued some 90 coffee retailers for failing to warn consumers of chemicals in their products that could cause cancer.
March 29, 2018 | 06:57 pm PT
Starbucks wins dismissal in US of underfilled latte lawsuit

Starbucks wins dismissal in US of underfilled latte lawsuit

Starbucks was accused of  overcharging customers by underfilling lattes and mochas to reduce milk costs.
January 7, 2018 | 06:14 pm PT
Has Starbucks met its match? Vietnamese coffee chains ready to take on global giants

Has Starbucks met its match? Vietnamese coffee chains ready to take on global giants

Competition is brewing among local and international coffee players.
January 15, 2017 | 10:45 pm PT
Vietnam becomes franchise magnet for foreign enterprises

Vietnam becomes franchise magnet for foreign enterprises

Vietnam's franchise deals have risen by up to 20 percent so far this year.
July 28, 2016 | 05:27 am PT
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