Starbucks opens first Reserve store, sees retail rents easing

LOS ANGELES (Reuters) – Starbucks Corp on Tuesday opened the first of 1,000 planned upscale Starbucks Reserve stores as part of a broad strategy to defend against high-end coffee rivals like Intelligentsia Coffee & Tea and Blue Bottle Coffee Co. Starbucks for the first time in 2017 had more U.S. outlets than McDonald’s Corp. (Reuters)

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