Starbucks has reported a 5% drop in global same store sales for its first quarter 2021 (ending in December 2020). US like-for-like store sales have dropped by 6% while international were down by 3%. China same store sales were up by 5%. The global decline is overall caused by a decrease in comparable transactions although partially offset by increase in average tickets.
The company announced 278 net new stores translating into a 4% year-over-year unit growth for a total of 32,938 units worldwide (51% company owned).
Starbucks
The company started in 1971 as a roaster and retailer of whole bean and ground coffee, tea and spices with a single store in Seattle’s Pike Place Market. Today, Starbucks serves millions of customers every day with more than 30,000 retail stores in 80 markets. For more information: https://www.starbucks.com
Read more on: https://www.seattletimes.com/business/starbucks/starbucks-sales-rise-in-china-countering-weakness-at-home/
Long-term KFC franchisee Gastronomy and sister company Café Fortune have appointed Mary-Helen Waldron as group…
Hala Group has reported record sales for the year to 30 June 2025, although profits…
UK-based franchise operator Queensway, which runs Starbucks and KFC outlets, has expanded its international presence…
Often called one of London’s coolest bakeries, Jolene first opened in Newington Green in North…
Multi-brand franchise operator Acca Group has reported a 10.9% rise in turnover to a record…
Cotti Coffee, China’s second-largest coffee chain, has continued its UK rollout with the opening of…