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Starbucks CEO Brian Niccol said the coffee giant will cut 30% of its menu offerings this year. In an earnings call, Niccol told investors the cuts are part of Starbucks' plan to streamline service.
Starbucks has approximately 16,000 employees working in corporate support, roasting, distribution, warehousing and store development, including 10,000 in the U.S. and 6,000 in other countries.
Starbucks' most recent quarter showed a 4% drop in global same-store sales as the company pulled back on discounts and consumers shunned the long lines at the chain. North America and US same ...
Starbucks' footprint in the United States, showing saturation of metropolitan areas. Some of the methods Starbucks has used to expand and maintain their dominant market position, including buying out competitors' leases, intentionally operating at a loss, and clustering several locations in a small geographical area (i.e., saturating the market), have been labeled anti-competitive by critics. [14]
Starbucks will begin to "optimize" its menu offerings in the coming months, resulting in a 30% reduction in both beverage and food items by the end of the 2025 fiscal year, which is June 30, 2025.
On Jan. 27, Starbucks announced it is now extending free refills of hot brewed or iced coffee, or hot or iced tea served in a ceramic mug, glass or a personal cup to all customers.
The union went on a five-day strike just ahead of Christmas, which closed Starbucks stores in multiple cities including Los Angeles, Chicago and Seattle. Starbucks, union withdraw lawsuits filed ...
Starbucks stock is up 7% over the past 12 months, but the company has posted three straight quarters of slumping sales and declining customer visits. Global sales at stores open at least a year ...