coffee

Financing

Starbucks plans more stores and more technology

The Seattle-based coffee giant believes it has plenty of room to add more stores in the U.S., but it also believes that efficiencies can cut $3 billion in costs over the next three years.

Leadership

Scooter's Coffee names Joe Thornton CEO

The chain’s president will take over at the drive-thru coffee chain for the retiring Todd Graeve on Jan. 1.

Workers United accused the coffeehouse giant of unfair labor practices by sharing a list of union stores with pro-Israel groups angered by "solidarity with Palestine" messages. Starbucks, however, says the list did not come from the company.

Chad Gretzema will take over the 69-unit coffee chain, which is targeting 100 locations by 2025.

The drive-thru coffee chain is one of the fastest-growing concepts in the U.S. and has deals to keep it going. The company believes it has the training in place to make it work.

A Deeper Dive: John Davidson, CEO of the rapidly growing concept, joins the podcast to talk about growth, how he wants to build “the Dollar General of coffee,” and why his brand can grow this quickly.

The former CEO and chairman emeritus is no longer company director as part of a planned transition. Wei Zhang, former Alibaba senior advisor, will take on the role.

Traffic has surged this year following the introduction of the coffee giant's fall lineup last month, according to the data firm Placer.ai. And one of the biggest reasons is the day of the week the lineup was launched.

Starbucks’ fall menu launched Thursday, celebrating the 20th anniversary of PSL and introducing some new pumpkin specialties.

Summer’s heat wave continues to blanket the country and fall is officially more than a month away, but the influx of pumpkin on chain menus began as soon as the calendar flipped to August.

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