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

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

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

Costa Coffee, the UK’s largest coffee chain, plans to further reduce its presence in the mainland China market by January 2021, after shutting down almost a tenth of its stores since last month.The rival to Starbucks has closed some 40 stores since August, including nearly 20 in Beijing, two in Hangzhou, two in Shanghai, six in Nanjing and all six branches in Qingdao, according to local media reports.The chain, which is owned by the Coca-Cola Company, “will be closing a number of stores between…

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By | 2020-09-07T12:32:18+00:00 September 7th, 2020|Business|Comments Off on Costa Coffee to close more stores in mainland China by January following adjustments to retail strategy