real-time news and commentary for investors
Friday, Mar 22
Starbucks (SBUX +0.9%) is considering selling bagged coffee and bottled drinks in grocery stores...
Starbucks (SBUX +0.9%) is considering selling bagged coffee and bottled drinks in grocery stores in China, according to a top exec in the region. The plan would include selling a local variety from the Yunnan province. The big picture: Though the development could be huge for the company in the long-term with coffee demand soaring in China, expect Starbucks to adopt a probing, moderated pace at first to avoid the high-profile misfires of U.S. retailers such as RadioShack and Best Buy in the nation.