SEOUL, April 10 (Korea Bizwire) — While the mere mention of Starbucks might conjure up images of a steaming hot cup of java, recent sales data shows that the majority of customers at Starbucks last year actually bought cold coffee beverages. Starbucks Coffee Korea Co. announced Thursday that a big data analysis showed that 64 [...]
SEOUL, April 6 (Korea Bizwire) — Starbucks Coffee Korea Co. is expanding its social distancing measures to all stores nationwide. The coffee giant reported Sunday that it will reduce the number of seats and tables in its stores as another measure to limit the spread of the novel coronavirus. Up to one third of seats [...]
SEOUL, March 24 (Korea Bizwire) — Starbucks Coffee Korea Co. will expand social distancing operations at its branches, which were introduced on a trial basis at some stores in Daegu and North Gyeongsang Province, to nationwide stores in succession starting Thursday. The company plans to ensure a safe distance between customers and employees is maintained [...]
SEOUL, Feb. 13 (Korea Bizwire) — Starbucks Korea saw its net profit advance 18.5 percent in 2019 from a year earlier to a record high as the company continued to expand its number of stores here, data showed Thursday. Net profit came to 132.8 billion won (US$112.3 million), compared with 112 billion won posted a [...]
SEOUL, Dec. 20 (Korea Bizwire) — Revenue at Starbucks’ specialty coffee brand Reserve is up more than 70 percent on year, with more than 6 million cups served since the special stores were launched five years ago. Starbucks first introduced Starbucks Reserve store in 2014, and has been operating premium stores with an independent dedicated [...]
SEOUL, Nov. 26 (Korea Bizwire) — Hollys Coffee Co., a South Korean coffee shop chain, replaced Starbucks as country’s most loved and satisfactory coffee brand. The Korea Consumer Agency conducted a survey of 1,031 consumers between September 4 and 16 frequenting six major coffee brands in South Korea, in which Hollys Coffee received the highest [...]
SEOUL, Aug. 13 (Korea Bizwire) — Starbucks Korea reported a 28 percent on-year jump in its operating profit in the first half of the year amid rising appetite for premium coffee, discount store chain E-Mart said Tuesday. From January to June, the U.S. coffee giant posted an operating profit of 74.7 billion won (US$61 million) [...]
SEOUL, May 28 (Korea Bizwire) — Starbucks Coffee Korea Co. said Tuesday that the number of its upscale Reserve outlets has exceeded that of the United States, reflecting South Koreans’ growing appetite for premium coffee. The U.S. coffee giant will open its 50th Starbucks Reserve store in central Seoul on Wednesday, Starbucks Coffee Korea said [...]
SEOUL, May 9 (Korea Bizwire) — Starbucks Coffee Korea Co. reported on Wednesday that the accumulated total amount of discounts the company offers to individual cup users is expected to exceed 10 billion won (US$8.50 million) by the end of this year. Starbucks introduced the ‘Eco Bonus Star’ System last year, which allows customers to [...]
SEOUL, Apr. 24 (Korea Bizwire) — Starbucks coffee grounds are composted and sprayed on farmland, and agricultural products grown as food for the compost will be reborn as Starbucks products. Starbucks Coffee Korea Co. announced on Tuesday that it had signed a mutually beneficial agreement with the city of Pyeongtaek on Monday, along with the [...]