Starbucks Reopens Stores in China--2nd Update
27 Febrero 2020 - 3:52PM
Noticias Dow Jones
By Heather Haddon
Starbucks Corp. said it has reopened hundreds of its China
stores that closed in response to the coronavirus outbreak.
Chief Executive Kevin Johnson said Thursday that 85% of the
coffee giant's stores in its second-biggest market were now
operating after trends in China improved.
"With the number of new cases in China slowing, we are seeing
the early signs of a recovery in the region," Mr. Johnson said in a
letter Thursday.
Starbucks said last month it had closed more than half of its
roughly 4,290 stores in China in response to the virus, one of the
largest levels of closures for a U.S.-based restaurant chain.
Roughly 640 stores in China remain closed.
Starbucks shares fell 3% Thursday and are off 11% since the
start of the year. The company said in a filing that it expected
the closures in China to materially affect the results of its
international business this year.
While the number of new cases reported in China has dropped in
recent days, the outbreak has gained pace in other countries
including South Korea and Italy. Starbucks has 1,380 stores in
South Korea and 10 in Italy.
Mr. Johnson said the Seattle-based company is prepared to
respond if the virus becomes a public-health issue in the more than
80 markets it serves.
"We are staying close to the situation in every single market
through connections with local health officials and are prepared to
take whatever actions necessary, market by market, to ensure the
health and well-being of our partners and customers," he said.
Write to Heather Haddon at heather.haddon@wsj.com
(END) Dow Jones Newswires
February 27, 2020 16:37 ET (21:37 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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