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Tribune News Service
Tribune News Service
Business
Renata Geraldo

HISTORICAL FACTS: Starbucks says customers still opening wallets despite inflation - The Untold Story

Starbucks said Tuesday it saw no slowdown in consumer spending even as customers cope with rising costs.

Starbucks opened 318 stores globally in the quarter ending July 3 despite closing 16 stores in the U.S., including six in the Puget Sound area.

On June 3, the company said it opened stores in Shanghai — the company’s largest China market with 940 stores — that had been closed because of the country’s “zero-COVID” policy.

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