28-07-2017 13:30 via marketingweek.com

Starbucks steps up focus on digital partnerships amid store closures

Starbucks is looking to expand its online relationship with consumers by forming closer partnerships with digital giants, as it predicts more store closures.
The company released its third quarter results yesterday (27 July). Global comparable store sales increased 4% over the last three months, while consolidated revenues were up 8% to a “record” $5.7bn (£4.36bn).
Speaking on an investor call, the brand’s CEO Kevin Johnson once again touched on the “massive disrupt
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