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Starbucks to Re-Open Two-Thirds of Shanghai Stores -Breaking

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© Reuters. Starbucks (SBUX) to Re-Open Two-Thirds of Shanghai Shops

Starbucks (NASDAQ:) introduced that 600 of their 900 shops in Shanghai are reopening, together with the Shanghai Roastery, together with cell and to-go orders.

The re-opening follows a two-month lockdown on account of COVID-19.

The information will likely be welcomed by buyers. Within the firm’s April quarter, COVID-19 associated restrictions in China, led to a 23% lower in China comparable retailer gross sales.

Shares of Starbucks are flat in pre-open buying and selling.

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