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☆ A fast-changing Chinese coffee market awaits Starbucks CEO Brian Niccol
▼ + stars: | 2024-11-01 | by ( Eunice Yoon | ) www.cnbc.com time to read: +4 min

In this article SBUX Follow your favorite stocks CREATE FREE ACCOUNTPeople seen around the Starbucks coffee store in Shenzhen, China. Costfoto | Nurphoto | Getty ImagesThe formerly Nasdaq-listed Luckin Coffee ran into accounting issues and went through a de-listing. Starbucks has an express version of its coffee stores in China called Starbucks Now, where most patrons order drinks on the app for pick up. Competition from everywhereOn top of the Chinese coffee rivals, Starbucks is competing with a host of other local chains on tea. With more and more Chinese wanting a daily java fix, grab-and-go coffee is becoming widely available at tea chains and convenient marts.

Persons: Jakub Porzycki, Brian Niccol, Niccol, CNBC's Andrew Ross Sorkin, Price, Zhang Peng, Auntea Jenny, Mixue, Jenny, Tim Hortons Organizations: Nurphoto, Starbucks, Nasdaq, Shanghai Starbucks, Lightrocket, Getty, KFC Locations: Shenzhen, China, Shanghai, Cotti, Beijing, Luckin, Costa Coffee

☆ American Companies' China Profits Are Declining; Increased War Chance
▼ + stars: | 2024-09-22 | by ( Linette Lopez | ) www.businessinsider.com time to read: +15 min

Without the promise of profits, American firms are also becoming less willing to go to bat for China — to reinforce the idea that China's market is crucial to the success of their futures. No demandAfter pandemic lockdowns ended in 2023, the Chinese economy experienced what is known on Wall Street as a "dead cat bounce." What money Chinese consumers are still able to spend is increasingly going to companies that grew up in their home country. Related storiesWhat money Chinese consumers are still able to spend is increasingly going to companies that grew up in their home country. It gives corporations, already under financial pressure as China's economy declines, even less reason to act as interlocutors encouraging stability between Washington and Beijing.

Persons: Washington —, Xi Jinping, Lee Miller, lockdowns, They're, Xi, Yi Gang, Michael Pettis, Tesla, Elon Musk, it's, Ball, Jamie Dimon, It's, China's, Goldman Sachs, Ray Dalio, seeping, Miller, Kamala Harris, Donald Trump, Harris, —, Trump, Biden, we're, Cordell Hull Organizations: Apple, Nike, Chinese Communist Party, People's Bank of, Carnegie Endowment, China Business Council, Starbucks, Street, Bridgewater Associates, Beijing, East Asia State Department, CCP, Trump, State Department, Republicans, Financial, Broadcom, Nvidia, Biden Administration Locations: China, America, Beijing, Washington, American, South China, Taiwan, People's Bank of China, Shanghai

☆ China is Starbucks' 2nd biggest market, but sales are slumping. Here's why.
▼ + stars: | 2024-08-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +7 min

Comparable store sales, a key measure for the restaurant industry, were down 14% in its most recent quarter. Sales slumpStarbucks' comparable store sales in China have been incredibly volatile over the past five years. But in recent months, they've been hit by cautious consumer spending and increased competition, then-CEO Laxman Narasimhan told investors in July. Luckin Coffee, Starbucks' biggest rival in China, has nearly three times as many stores as Starbucks in the country after monumental unit growth. "We're not interested in entering the price war," Starbucks China CEO Belinda Wong told investors in January.

Persons: —, Brian Niccol, they've, Laxman Narasimhan, Narasimhan, Sherri, Kearney, Luckin, McCafe, KFC's, Dave Xie, Oliver Wyman, Xie, latte, We're, Belinda Wong, Wong, it's, Brian Yarbrough, Edward Jones, Liu Ying Organizations: Service, Starbucks, Business, Bank of America, Bloomberg, Publishing, Getty, Reuters Locations: China, Beijing, Shanghai, Seattle, Luckin, Cotti, Xinhua

☆ Consumer giants from Starbucks to General Mills have one big sales problem: China
▼ + stars: | 2024-08-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Nurphoto | Nurphoto | Getty ImagesBEIJING — A theme emerging in the latest slew of U.S. companies' earnings reports is a drag from the China market. "Consumer sentiment in China is quite weak," McDonald's chairman, CEO and director Christopher Kempczinski, said of the quarter ended June 30. Apple said Greater China sales fell by 6.5% year-on-year in the quarter ended June 29. Procter and Gamble said China sales for the quarter ending late June fell by 9%. The only public disclosures regarding Peet's China business described it as "strong double-digit organic sales growth" in the first half of the year.

Persons: —, Christopher Kempczinski, McDonald's, Lei Meng, Apple, Johnson, that's, General Mills, Kofi Bruce, Mills, Andre Schulten, Procter, Gamble, Schulten, Marriott's, Domino's, DPC Dash, There's, James Quincey, Quincey, We've, Laxman Narasimhan, Luckin Organizations: Nurphoto, Getty, BEIJING, U.S, Nationwide, UBS Securities, General, Procter, Marriott, Asia Pacific, Starbucks Locations: Yichang, Hubei province, China, U.S, Canada, Greater China, Southeast Asia, Japan, South Korea, Asia, Peet's

☆ Apple, Tesla and Starbucks struggle in China’s economic slump after making a fortune for decades
▼ + stars: | 2024-05-13 | by ( Laura He | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —For decades, Western companies made a fortune betting on the inexorable rise of the Chinese consumer. Now an economic slump and the emergence of ferocious local competitors means those bets look less safe as price wars erupt. Tesla’s China market share shrank to 4% in April, almost halving from 7.7% in March, according to data released by the China Passenger Car Association on Friday. In the 1990s, “every company in the West” was hiring consultants and having boardroom meetings about how to do more in China, according to Stevenson-Yang. He added that he continues to feel optimistic about the Chinese market in the long term.

Persons: ”, Anne Stevenson, Yang, Stevenson, aren’t, Yang Wang, Kevin Frayer, Tim Cook, iPhones, Cotti, Luckin, Belinda Wong, “, McDonald’s, Wallace Organizations: Hong Kong CNN, China Passenger Car Association, J Capital Research, EV, Apple, Starbucks, Counterpoint Research, Macao —, Huawei, China Academy of Information, Communications Technology, Luckin Coffee, McDonalds, KFC, Burger Locations: China, Hong Kong, Shanghai, United States, Germany, Brazil, Beijing, Greater China, Taiwan, Macao, Starbucks China, Dominos, India

☆ Did Starbucks' job in China just get tougher? Here's our take on new campaign tariff talk
▼ + stars: | 2024-03-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

During Trump's trade war, Chinese consumers turned away from some U.S. goods and services in protest. SBUX 1Y mountain Starbucks 1 year Shares of Starbucks rose 1% on Monday as investors, perhaps, shrugged off China trade war worries. Such a scenario could fuel skepticism — already a worry among investors — about Starbucks' appeal to a broad swath of Chinese consumers. "I fear they're too expensive for China," Jim Cramer recently said, referring to Starbucks. As the coffee market matures in China, Starbucks believes the industry will undergo a more defined tiered competition dynamic, which would expand opportunities as a high-end brand.

Persons: Donald Trump, Joe Biden, Kevin Johnson, we're, shrugged, Jim Cramer, Jeff Marks, Peter Saleh, wouldn't, Saleh, Trump, Biden, Jim Cramer's, Jim, Alex Tai Organizations: CNBC, Democratic, Starbucks, U.S, Club, Getty Locations: China, U.S, Washington, Beijing, Trump, India

☆ Since When Do Millennials Love to Sew?
▼ + stars: | 2023-11-09 | by ( Molly Collett | ) www.wsj.com time to read: +1 min

IN STITCHES High-tech, app-enabled machines have young Americans making their own clothes. Illustration: Sol CottiTHIS SEPTEMBER, Colin Meredith, a 29-year-old in Vancouver, Canada, went on a six-day camping trip with his brother. More impressive: Meredith, a freelance clothing designer with clients like Rapha, made his tent, sleeping bag and clothes on his home sewing machine. Freelance clothing designer Colin Meredith uses his home sewing machines to churn out a wide variety of jackets, pants and camping gear. When he started sewing this year, Amardeep Singh, 32, got away with using just such a family machine.

Persons: Cotti, Colin Meredith, Meredith, Colin Meredith Sewing, Amardeep Singh, ” Locations: Vancouver, Canada, Brooklyn, N.Y

☆ What China's resilient big spenders are buying and the stocks that benefit
▼ + stars: | 2023-07-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

That's approximately how large China's "premium" consumer population is – and it's a "huge" opportunity for higher-end sportswear by foreign companies, according to Bernstein. By U.S. standards, it doesn't take much to be considered premium in China. Adidas and Nike are like Benz, BMW, the highest end, he said, while the other brands are like Audi or Toyota. For Nike and Adidas, even their lowest price is two times that of local competitors, the Bernstein analysts said. However, focusing only on the premium growth segment can overlook the fact that many of China's consumers still live in smaller cities.

Persons: Bernstein, Aneesha Sherman, Li Ning, Irving, Miao Kun, –, Hoka, — CNBC's Michael Bloom Organizations: . Census, Anta Sports, Wednesday, basketball, Adidas, Nike, Benz, BMW, Audi, Toyota, Management, P Locations: China, That's, U.S, Hong Kong, Beijing, Thursday's, Germany, eyeing, Shanghai, Chengdu

☆ Five New Work Perks You’ll See in the Future
▼ + stars: | 2023-03-05 | by ( Tara Weiss | Illustrations Sol Cotti | ) www.wsj.com time to read: 1 min

The workforce of the future will be made up of a greater mix of employees of all ages as people live and work longer, economists project. As a result, companies competing for these workers are expected to offer more benefits tailored to needs at different stages of life. Here’s a look ahead at evolving work perks and benefits in the coming decade.

☆ Five Ways You’ll Exercise Smarter in the Future
▼ + stars: | 2022-10-23 | by ( Jen Murphy | Illustrations Sol Cotti | ) www.wsj.com time to read: 1 min

Many people sit on a gym machine and turn on autopilot as their muscles follow a controlled movement. But in coming years these exercises will be supplemented with neuromuscular drills like jumping laterally and landing on one leg, sports-medicine experts say. Those exercises use movements to train the brain to fire the correct muscles. Now mainly used to rehab pro athletes with injuries, neuromuscular training is likely to become a complement to strength and cardio workouts for aging baby boomers that can help them re-establish temporary losses in muscle strength and mobility.

☆ Fostul preşedinte elveţian Flavio Cotti, răpus de COVID-19
▼ + stars: | 2020-12-17 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Fostul preşedinte elveţian Flavio Cotti, care a ocupat, de asemenea, funcţiile de ministru de externe şi de interne, a murit miercuri la vârsta de 81 de ani din cauza COVID-19, notează AFP, citat de agerpres.ro. "Cu mare tristeţe am aflat despre decesul lui Flavio Cotti", a scris pe Twitter actualul şef al diplomaţiei de la Berna, Ignazio Cassis. Potrivit cotidianului de limbă italiană al cantonului Ticino, care a obţinut primul informaţia, Flavio Cotti a decedat miercuri după-amiază într-un spital din Locarno "după complicaţii cauzate de coronavirus". Flavio Cotti, jurist de formaţie, a fost membru al Partidului Creştin-Democrat din Ticino, înainte de promova în politică şi a petrece 12 ani în guvernul federal de la Berna, între 1987 şi 1999. El a fost preşedinte al Confederaţiei Elveţiene de două ori, în 1991 şi 1998.

Persons: Flavio, Flavio Cotti Organizations: Partidului, Democrat, ONU Locations: Berna, Ignazio, Ticino, Locarno, Democrat din Ticino, Elveţia, Geneva

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