Downbeat economy: File photo showing the Starbucks logo on a shop in downtown Pittsburgh. — AP
STARBUCKS Corp reported an annual loss in its UK operations, saying foot traffic at its cafes declined in a downbeat economy and as consumers want coffee delivered to their homes or desks.
The company’s British store arm lost £17.2mil (US$22mil) in the year ended September 2018, after a profit of £4.6mil a year earlier, according to a filing Thursday.
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