...in this high cost of living times, who needs a designer coffee?
...in China, Western franchise is a luxury.
...did you Bapcor stock collapse today?
Who needs auto stuff ? Auto is immune to recession/high cost of living? First to go.
The collapse of Starbucks is truly insane:
1. Company wide same store sales fell 4% and traffic fell 6% this quarter
2. In China, same store sales plunged 11% with an 8% decline in the average order
3. International same store sales FELL 6% while a 1.4% GAIN was expected
4. Management lowered revenue growth guidance from 7% to low-single digits
5. "Most loyal customers are looking for discounts" What happened to Starbucks?
