CG: Luckin Takes on Starbucks; Target Sells Out
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 21 May 2019
⏱️ 22 minutes
🧾️ Download transcript
Summary
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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| 0:00.0 | Welcome to Industry Focus, the show that dives into a different sector of the stock market every single day. |
| 0:08.0 | Today is Tuesday, May the 21st, and we're talking Consumer Goods. |
| 0:12.0 | I'm your host, Shannon Shannon Jones and I have a very |
| 0:14.5 | special guest here in studio none other than Dan the man Klein. |
| 0:18.3 | Thank you for having me. Dan always so good to have you here at full age. |
| 0:21.6 | It's always more fun to be here than the stress of like |
| 0:24.6 | remote internet connections and I think we had one where like I kept blinking out. |
| 0:29.2 | Yes, among other things, yes. That doesn't happen in person. |
| 0:33.0 | Yes, but so glad to have you here in studio, especially for today's show. |
| 0:36.8 | We get to dive. |
| 0:37.8 | We're talking coffee. |
| 0:38.8 | We're talking coffee and shopping to really awesome topics. We're diving into the Luckin Coffee IPO and also we're |
| 0:46.9 | talking about Target and their Vine's collaboration slash debacle I guess you could call it it I don't know either way we're going to be diving into all of that but let's kick things off let's talk about luckin |
| 0:59.4 | So first off luckin coffee for our listeners out there that's ticker symbol |
| 1:03.4 | L K it did make its debut on the NASDAQ on Friday I believe it was and this is a |
| 1:09.2 | company Dan that's really taken China by storm. |
| 1:12.8 | I can't even really put into words their growth story since 2017. |
| 1:17.1 | So there's a couple of different models when you look at businesses. |
| 1:20.3 | There's the, we're going to open a store, we're going to get to profitability, then we're going to open a store we're going to get to profitability then we're going to open a second store |
| 1:24.5 | This is not the model luck in his follow. They have decided that there is a huge untapped coffee drinking market in China |
| 1:32.3 | Very very few people compared to the |
| 1:34.3 | rest to the US and even some of the rest of the globe drink coffee. It's a tea-based |
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