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Starbucks new CEO will complete an almost total corporate remake

The Bottom Line: In naming Laxman Narasimhan to be its next chief executive, Starbucks shows just how much it believes change is needed.


5 things to know about Starbucks’ Pumpkin Spice Latte

The coffee giant unveiled its fall menu, including the new Pumpkin Cream Cold Brew, which goes on sale starting Tuesday. Here are some notable facts about the menu.

The drive-thru beverage chain’s same-store sales have been hurt by its aggressive building strategy. But it says it is building overall coffee market share by preventing long lines and poor service.

Companies like Dunkin', Krispy Kreme, 7-Eleven and Jamba are getting a jump on fall by introducing their products with the iconic flavor earlier than ever. Why the rush?

The Bottom Line: Howard Schultz, the interim CEO, says the company has narrowed its search for his successor. And all are on board with the broad-based changes in operations he plans to reveal next month.

Record sales among loyalty members, food sales and cold beverages drove the coffee giant’s performance despite high inflation and “self-induced” problems.

The owner of Mooyah Burger and Cici’s Pizza completed its purchase of the Minnesota-based coffee chain last week. But he was eyeing it long before then.

Foot traffic to coffee chains slowed in June, according to Placer.ai, and has fallen below its fast-food restaurants for the first time in a year. Are higher prices to blame?

The coffee giant also listed several efforts to improve safety inside its stores, including training and closing more stores if necessary.

The interim CEO outlined five “bold moves” that will outline the brand’s reinvention, though he provided few details, saying they will come in the next few weeks.

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