China

Starbucks China wins at the FMCG Asia Awards 2022.

Its revenue increased by 3% YoY to around $29.1b.

Over 70% of its revenue was from external customers.

Spending is projected to grow by 6.5%YoY in 2023. 

It will also be boosted by consumer confidence in Europe and America.

The brand recently opened its first restaurant “The Hall by Lousi Vuitton.”

Increased competition is, however, expected with several other retail festivals and shopping events.

Retail sales fell 12% in the first eight months of 2022.

Its value stood at $212b. 

The sports brand touts over 750 patents.

This comes as its economy rebounds. 

The store seeks to integrate online and offline consumption.

The country is expected to continue dominating the global e-commerce sector.

The bookstore offers an experience space in its store.

Its warehouse in the city is prepared to ensure Tmall Supermarket's delivery routes.

Chain operators are expected to grow at a higher rate across all channels.