Starbucks to tackle slow growth with UberEats deal, China expansion
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About 3,500 U.S. Starbucks stores will partner with UberEats beginning in 2019 and the company will double its outlets in China over the next four years to combat competition, Reuters said.
Why it matters: The Seattle-based coffee giant is fighting slow growth and as a result has slimmed down its brand by adding more drinks and food, closing Teavana stores, and shuttering 150 stores. Starbucks has not been able to drive customers into the stores based on hefty competition from small coffee chains and local coffee joints thats serve fresh food, per Reuters.