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The Wall Street Journal

Starbucks Plans 3,000 New China Shops Regardless of Sinking Gross sales From Covid Insurance policies

HONG KONG—Starbucks plans to extend its China retailer rely by 50% over the following three years, a vote of confidence in its largest market outdoors the U.S. regardless of Covid-19 lockdowns and weaker client spending that has broken its gross sales.

Starbucks set a China store target of 9,000 by 2025 at an investor assembly throughout which executives outlined a wide-ranging revamp. The corporate beforehand stated it will function 6,000 shops in China by the tip of this 12 months.

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