coffee

Technology

Starbucks managers can now count inventory using AI

The coffee shop giant is rolling out AI-powered, automated tracking at its U.S. stores, which should cut the time it takes for baristas to count inventory.

Leadership

Caribou Coffee names Scott Kennedy CEO

A former Target executive, Kennedy had been interim CEO of the Minneapolis-based coffee chain since March.

Brian Niccol, CEO of the coffee shop giant, said that the company drew record sales last week after the introduction of its annual fall menu.

The 158-unit coffee chain is pricing its shares between $16 and $18 for its upcoming initial public offering, which would give it a valuation as high as $861 million.

The Bottom Line: The coffee shop chain gets a big traffic boost every fall when the popular beverage hits its menu. It’s the rest of the year that’s been a challenge.

The coffee giant rolls out its fall menu lineup Tuesday, along with the return of @TheRealPSL on social.

The merger between Keurig Dr. Pepper and JDE Peet’s will be followed by a split of the combined companies’ beverage and coffee businesses into two publicly traded firms.

The Scottsdale, Arizona-based coffee chain is generating stronger sales and store-level profits. It sells a lot of energy drinks and is eschewing the drive-thru-only trend.

The coffee chain, owned by the beverage maker Coca-Cola, is pushing U.S. growth in colleges, universities, convenience stores and airports, with a device it calls a “barista in a box.”

At October Café, owners and married couple Michelle Gonzalez and Audrey Borden embrace authenticity, turning their autumn-inspired love story into a vegan café, all while navigating neighborhood politics.

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