Starbucks Employees Required to Work 4 Days in Office
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Luckin Coffee Inc., the Chinese chain that overtook Starbucks back in its home market, is turning up the heat with the opening of its first US locations in New York on Monday. The move to open two New York locations brings stateside a growing competition between the Chinese chain and Starbucks Corp.
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Starbucks is requiring some remote workers to return to its headquarters and increasing the number of days that corporate employees are required to work in an office.
Luckin Coffee, Starbucks competitor and China's largest coffee shop, expands to New York; will Luckin come to New Jersey?
Luckin Coffee, China's fastest-growing coffee chain, launches first U.S. stores in New York City as it continues global expansion following 41% revenue growth in its latest quarter.
Starbucks remains the world’s largest coffee chain, but the Seattle-based company has reported five straight quarters of declining sales at U.S. stores open at least a year, amid growing competition from independent and national coffee retailers, and as consumers cut back on discretionary spending.
The changes come after Starbucks took a hit when its baristas went on strike before Christmas, global sales dropped and waiting times in stores grew longer.
The Starbucks rival opened its first two stores in New York City on Monday, as the Xiamen-based coffee purveyor sets out to expand its market and garner favor with U.S. customers. The two Manhattan storefronts are located at 755 Broadway in Greenwich Village and 800 6th Ave in Chelsea.
Inside the company’s newest redesign in Bridgehampton, New York. Starbucks plans to redesign up to 1,000 locations with the intent of
Starbucks stock price remains under pressure this year as concerns about its growth trajectory and competition continue.
Luckin Coffee, a rival of Starbucks in China, has just opened its first U.S. store. Starbucks investors are nervous about its prospects.