Customers seen at a Costa Coffee store in Shanghai Hongqiao International Airport. Photo: Alex Tai/SOPA Images Customers seen at a Costa Coffee store in Shanghai Hongqiao International Airport. Photo: Alex Tai/SOPA Images
Customers seen at a Costa Coffee store in Shanghai Hongqiao International Airport. Photo: Alex Tai/SOPA Images
Starbucks

Costa Coffee to close more stores in mainland China by January following adjustments to retail strategy

  • Coffee chain has closed about 40 stores or a tenth of its mainland presence since last month amid falling demand, stiff competition: local media reports
  • The retreat in China follows last week’s decision to trim its UK headcount because of the Covid-19 crisis

Topic |   Starbucks
Customers seen at a Costa Coffee store in Shanghai Hongqiao International Airport. Photo: Alex Tai/SOPA Images Customers seen at a Costa Coffee store in Shanghai Hongqiao International Airport. Photo: Alex Tai/SOPA Images
Customers seen at a Costa Coffee store in Shanghai Hongqiao International Airport. Photo: Alex Tai/SOPA Images
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