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New Cafes Won’t Solve Starbucks China Problem

From forbes.com

All-day dining won’t solve Starbucks’ big problem in China: Growing foreign and domestic competition.

Starbucks is introducing a new store concept in China in Shanghai: All-day dining, featuring fresh Italian food, according to a Bloomberg report.

“The Starbucks Reserve Bakery Cafe is, along with the already-opened Reserve Roastery, part of the company’s Siren Retail strategy,” says equity analyst John Zolidis.

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