Starbucks Archives - Inside Retail Asia
The Starbucks Reserve Riverside 66 Tianjin flagship store opening today combines history with an entirely modern ‘third-place experience’ for the brand’s customers.
Starbucks Korea has reported a 28-per-cent year-on-year jump in its operating profit in the first half of the year.
Starbucks India plans to ramp up its store rollout, budgeting US$7 million for new outlets.
FMCG giant Nestle started selling Starbucks-branded coffee in Mainland China today, seeking to tap growth in a market where it says coffee consumption per capita remains low compared to global standards. Nestle last year paid US$7.15 billion for exclusive rights to sell the US chain’s coffees and teas globally, and began selling Starbucks-labelled products in Europe, Asia and Latin America in February.
Upmarket Japanese coffee businesses are expanding into other Asian markets in an attempt to win over customers from global leaders such as Starbucks.
Hong Kong-headquartered Dairy Farm sales surged by 13 per cent in the first half of the year to US$13.8 billion.
Starbucks China sales growth out-paced the rest of Asia in the third quarter, up 6 per cent on a same-store basis and 2 per cent by transaction volume.
In Asia’s burgeoning coffee culture, design has become a key means for Starbucks to create a point of difference from rival chains.
Starbucks has bought into Brightloom, a US tech company is working to create a best-in-class end-to-end digital customer experience platform for the restaurant industry.
Starbucks China has opened its first Starbucks Now store – an express retail experience that integrates Starbucks physical and digital customer touch points.
Dairy Farm Group has announced a review of its creative and media agencies across all its brands and markets.
Single-use cup consumption at Korean fast-food restaurants has plunged by 72 per cent, according to a Korea Times report.