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Industry Focus

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CG: Luckin Takes on Starbucks; Target Sells Out

May 21, 2019 (22:03)

Chinese coffee company Luckin has aggressive plans to add thousands of stores and it's willing to lose a lot of money to do that. That puts it in competition with Starbucks though there might be enough customers for both. In addition Target sold out of its exclusive Vineyard Vines collection and that may not be a good thing.

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