Get all your news in one place.
100's of premium titles.
One app.
Start reading
Tribune News Service
Tribune News Service
Business
Renata Geraldo

Starbucks says customers still opening wallets despite inflation

Starbucks said Tuesday it saw no slowdown in consumer spending even as customers cope with rising costs.

Starbucks opened 318 stores globally in the quarter ending July 3 despite closing 16 stores in the U.S., including six in the Puget Sound area.

On June 3, the company said it opened stores in Shanghai — the company’s largest China market with 940 stores — that had been closed because of the country’s “zero-COVID” policy.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.