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Buying the coffee stock on the assumption that the move will fix Starbucks' problems and put it right back on a growth path could prove to be costly. The company can turn things around in the long ...
Starbucks plans to have 55,000 locations worldwide by 2030, so solving worker issues is mission-critical. Today, there are 40,199 stores in operation. Today, there are 40,199 stores in operation.
Fixing that problem will likely top incoming CEO Brian Niccol’s list of tasks to turn around the struggling coffee giant when he steps into the role on Sept. 9.
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 ...
The former Chipotle leader has big staffing and operations challenges at the coffee company.
Starbucks has strongly opposed unionization, with CEO Howard Schultz denouncing the "threat of unionization" and rolling out pay increases for store employees that exclude those at unionized stores.
Starbucks' operational recovery could consequently still be a ways off. Fortunately, Starbucks is a strong brand and can withstand periods of waning consumer enthusiasm -- at least it has in the past.
Changing up the menu and improving the ordering process may not be enough to turn things around for Starbucks.