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Starbucks To Expand Delivery In US And China

From: abc13.com

Starbucks is expanding delivery to more stores in the U.S. and China as it tries to accelerate growth in those two markets.

The company says it will offer delivery from 2,000 U.S. stores by next summer through a partnership with Uber Eats. It isn’t yet saying which stores will offer it.

In China, delivery will be offered from 2,000 stores in 30 cities by the end of this year, up from 150 stores at the end of September. Starbucks began working with its Chinese delivery partner, Ele.me, three months ago.

Starbucks made the comments at an investor presentation Thursday in New York.

The Seattle-based company said it has simplified its business in recent years – by closing its Teavana stores and selling many European stores to franchisees, for example – so it can focus more directly on the U.S. and China.

In the U.S., its largest market, Starbucks says it still sees significant opportunities to expand and expects to open 550 net new stores annually over the next few years. The company also plans to close 150 underperforming stores in 2019.

In China, Starbucks plans to open 600 stores annually through 2022, bringing it to a total of 6,000 stores.

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