---
title: "Starbucks M’sia Shuts Down Over 50 Stores Nationwide After Suffering Losses Over RM31.82mil "
url: https://weirdkaya.com/starbucks-msia-shuts-down-over-50-stores-nationwide-after-suffering-losses-over-rm31-82mil/
date: 2024-11-19
modified: 2024-11-19
lang: en
author: "Yu Ang Tan"
description: "Berjaya Food Berhad, the operator of Starbucks Malaysia, has temporarily closed 50 out of its 408 stores nationwide, equating to approximately 12% of its outlets. This significant move comes as..."
categories:
  - "Society"
tags:
  - "#Trending"
  - "50 Stores"
  - "Malaysia"
  - "Starbucks"
  - "Starbucks Malaysia"
  - "Starbucks malaysia shut down"
image: https://cdn.weirdkaya.com/media/starbucks-msia-shuts-down-over-50-stores-nationwide-after-suffering-losses-over-rm3182mil.png
word_count: 269
---

# Starbucks M’sia Shuts Down Over 50 Stores Nationwide After Suffering Losses Over RM31.82mil 

##### Berjaya Food Berhad, the operator of Starbucks Malaysia, has temporarily closed 50 out of its 408 stores nationwide, equating to approximately 12% of its outlets.

This significant move comes as the coffee giant struggles with a reported RM31.82 million loss and intensified consumer boycotts.

![Genting Highlands Starbucks](https://cdn.weirdkaya.com/media/genting-highlands-starbucks-scaled.jpg)Photo by WeirdKaya. For illustrative purposes only.

According to [The Rakyat Post](https://www.therakyatpost.com/news/malaysia/2024/11/15/starbucks-malaysia-temporarily-shuts-50-outlets-amid-challenging-times-report/), the closures, which doubled from the 6% reported in the previous quarter, reflect the challenges faced by Starbucks Malaysia.

## Increased competition in Malaysia

Despite the country's growing coffee market, the company reported a pre-tax loss of RM31.82 million (US$7.1 million) in the latest quarter.

![Starbucks](https://cdn.weirdkaya.com/media/starbucks-1.jpg)Photo by WeirdKaya. For illustrative purposes only.

BFood's revenue dropped by over 50% compared to the same period last year, totaling only RM124.19 million (US$28 million).

The decline highlights the significant challenges Starbucks faces in Malaysia, which has been hit hard by ongoing consumer boycotts and increased competition from emerging coffee brands.

> **The overall macro environment still remain challenging, however continued positive improvement is observed with the
> implementation of strategic initiatives and programs by the Group."**

"Looking forward, we remain cautiously optimistic that operational performance will gradually improve over the coming quarters. The Directors are committed to
strengthening the Group’s core business and investments," BJFood said in a [statement.](https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=230250&name=EA_FR_ATTACHMENTS)

## Uphill battle

**Analysts suggest the brand is losing its foothold due to fierce competition from other coffee chains and shifting consumer preferences.**

In response to the mounting challenges, Berjaya Food is diversifying its portfolio by expanding its Paris Baguette chain and exploring opportunities for international Starbucks outlets.

However, analysts warn that the company faces an uphill battle regaining its Malaysian market position.

### Read More:

- [After Two Years Of Boycotts, Starbucks Malaysia Reports 3.3% Revenue Increase](https://weirdkaya.com/after-two-years-of-boycotts-starbucks-malaysia-reports-3-3-revenue-increase/)
- [Starbucks Msia’s Parent Company Posts Record Loss Of RM292mil, Blames Boycott & Impairment](https://weirdkaya.com/starbucks-msias-parent-company-posts-record-loss-of-rm292mil-blames-boycott-impairment/)
- [Starbucks M’sia Reports Increased Sales As Boycott Movement Slowly Dies Down](https://weirdkaya.com/starbucks-msia-reports-increased-sales-as-boycott-movement-slowly-dies-down/)
- [Kelantan’s Last Remaining Starbucks Outlet Officially Closes Down](https://weirdkaya.com/kelantan-last-starbucks-outlet-closes/)
- [‘We Condemn Violence’ – Starbucks Malaysia Clarifies Stance On Middle East Conflict](https://weirdkaya.com/we-condemn-violence-starbucks-malaysia-clarifies-stance-on-middle-east-conflict/)
- [M’sian Claims Starbucks Barista Insisted On Him Speaking Malay Instead Of English](https://weirdkaya.com/msian-claims-starbucks-barista-insisted-on-him-speaking-malay-instead-of-english/)

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