Related News
Starbucks ready to raise prices tomorrow
By Jin Jing |
19:13 UTC+8 January 30, 2012
|
Online Edition
Online Edition
STARBUCKS Corp today announced it would raise price on certain coffee products in China from tomorrow to offset higher cost.
The price increase, ranging from one yuan (16 US cents) to two yuan, will mainly cover "several" coffee drinks including espresso-based beverages and fresh-brewed coffees, the company said today.
Price of food items, tea drinks and blended beverages such as hot chocolate and juice would remain unchanged, it added.
Seattle-based Starbucks, which runs about 500 stores in Chinese mainland, said the decision was made on the consideration of higher operational cost as well as changing market competition and customers' experiences.
"The price for major raw materials such as coffee beans and milks has been increasing while the price adjustment was also affected by logistics cost and store rentals," said Li Jing, public relations manager of Starbucks China. She said around 10 espresso-based beverages would be affected by the price increase.
In early January, Starbucks also started charging more for selected drinks in Northeast and Sunbelt regions in the United States as it face more competition and higher ingredient costs.
Starbucks sold coffee beverages and other drinks such as juices, milks and hot chocolate in its stores in China, pricing from around 24 yuan.
It is on track to accelerate its opening of 1,500 outlets in China by 2015, with many of them located in second-tier cities.
Starbucks China last adjusted the prices of some espresso-based beverages in 2007.
The price increase, ranging from one yuan (16 US cents) to two yuan, will mainly cover "several" coffee drinks including espresso-based beverages and fresh-brewed coffees, the company said today.
Price of food items, tea drinks and blended beverages such as hot chocolate and juice would remain unchanged, it added.
Seattle-based Starbucks, which runs about 500 stores in Chinese mainland, said the decision was made on the consideration of higher operational cost as well as changing market competition and customers' experiences.
"The price for major raw materials such as coffee beans and milks has been increasing while the price adjustment was also affected by logistics cost and store rentals," said Li Jing, public relations manager of Starbucks China. She said around 10 espresso-based beverages would be affected by the price increase.
In early January, Starbucks also started charging more for selected drinks in Northeast and Sunbelt regions in the United States as it face more competition and higher ingredient costs.
Starbucks sold coffee beverages and other drinks such as juices, milks and hot chocolate in its stores in China, pricing from around 24 yuan.
It is on track to accelerate its opening of 1,500 outlets in China by 2015, with many of them located in second-tier cities.
Starbucks China last adjusted the prices of some espresso-based beverages in 2007.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
