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Starbucks Partners with Alibaba in Opening AR Roastery
06 December 2017, 01:01 | Damon Campbell
Starbucks' new megastore in Shanghai is so big, it needs a 'tour guide'
The 30,000 square-foot Starbucks Reserve Roastery is Starbucks' second Reserve Roastery after its flagship Reserve Roastery and Tasting Room that opened in the company's home market of Seattle in 2014.
According to a press release from the company, the new roastery will be "the first fully immersive coffee experience in Asia" combining coffee roasting, packaging and brewing with augmented reality.
Starbucks is opening one store in China every 15 hours, the company's China CEO Belinda Wong told "Squawk Box". When customers enter the massive new Roastery building, which measures up at 2,700 square-meters (30,000 square-feet), they'll be greeted by a two-story copper cask adorned with over a thousand hand-engraved Chinese stamps, collectively narrating the story of Starbucks coffee. "We can build new stores in China for decades and still have [an] opportunity for growth there".
"With the rising middle class and the opportunity in China, the market is going to be much larger here", he said, adding Starbucks was looking to hit 10,000 outlets in China within a decade, catching up with the USA in terms of stores.
Rise in Q2 GDP signals economic recovery: India Inc Government spending slowed in the quarter, growing 4.1 per cent, as against 17.1 per cent in the June quarter. Consumption demand is one, although quarterly numbers aren't an entirely reliable indicator.
Super Frost Moon Lights Up the Sky This Weekend Most astronomers suggest watching the supermoon right after sunset and into moonrise, and minutes before the next sunrise as well. A full moon at perigee will look up to 14 percent bigger and 30 percent brighter than a full moon at apogee.
DIGITAL: The Shanghai Roastery is the first Starbucks location to seamlessly integrate a real-time, in-store and online customer experience. (SBUX) said it will open its biggest location ever on Wednesday in the Chinese city of Shanghai.
The Roastery will also feature China's first Starbucks Teavana Bar, where customers can select a Teavana signature pure tea or blend, served either hot or iced. The company announced plans in July to buy out its partners in its Each China joint venture, for US$1.3 billion.
Same-store sales at United States cafes were up 2% for the quarter ended 1 October, while sales in China were up 8%.
He also said that China was becoming the most important market for Starbucks. That's up from 5.5 percent five years earlier.
Sensory friendly time with Santa
So we're excited to start here and make it bigger and better next year. "And without this event, my son would never get to speak to Santa like other children" says Wardlow.
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Yankees reportedly tap Boone as new manager
He's actually as familiar with the media as you can be, having most recently worked as an analyst for ESPN . Aside from winning, that's the most important quality to have as a Yankee.
Chabahar Port Opens, Connects India to Afghanistan via Iran
The two ministers are understood to have reviewed the implementation of the Chabahar port project in which India is a key partner. Transport Minister Abbas Akhoundi said Chabahar on the Gulf of Oman will "soon become an important commercial hub for Iran".