How Chinese coffee chains like Luckin and Cotti are rising during inflation
A coffee cold war is brewing in New York City. Starbucks, once a dominant force in the city’s coffee landscape, seems to be losing steam. Recently, the Seattle-based chain shut down 42 locations in the Big Apple as part of a broader plan to close 400 stores nationwide amidst dwindling sales. This decline may stem […]
Beijing’s Luckin Coffee is targeting closed Starbucks locations in NYC as the struggling chain plans to shut down more stores.
Starbucks may be on the verge of closing five additional stores in New York City, continuing a trend that kicked off in the fall, with the Chinese competitor Luckin Coffee reportedly considering these vacant locations. James Famularo, president of Meridian Retail Leasing, which handles the properties, suggested that more closures could occur early next year. […]
China’s biggest coffee chain, Luckin, opens in New York City
China’s Leading Coffee Chain Opens in New York Luckin Coffee, China’s largest coffee chain, has launched its first US location, marking its entry into New York City after outperforming Starbucks in Asia. The new store officially opened on Monday, as announced on their social media channels. However, at the moment, there hasn’t been any additional […]