coffee

Luckin Coffee and the booming Asian coffee sector take a bite out of Starbucks

By Jonathan Maze on Oct. 23, 2024

Dispatch from Singapore: The Asian coffee market was largely untapped when Starbucks first entered China 20 years ago. But it is suddenly flush with competitors that are growing at a breakneck pace.

Financing

Amid ongoing sales slide, Starbucks faces a ‘moment of truth’

By Heather Lalley on Oct. 22, 2024

Traffic fell 10% during the fourth quarter, according to preliminary earnings released Tuesday by the coffee shop giant.

Leadership

Bluestone Lane names Edie Ames its new CEO

By Heather Lalley on Oct. 21, 2024

The foodservice veteran will assume the top spot from the coffee chain’s founder, Nicholas Stone.

Premium

Financing

Starbucks CEO Brian Niccol is erasing one of his predecessor's more curious moves

By Jonathan Maze on Oct. 14, 2024

The Bottom Line: The coffee shop giant is pulling back on the discounts it has been using to get customers in the door this year. Those discounts were either misplaced or unnecessary.

Financing

Is Starbucks affordable? Not according to this survey

By Jonathan Maze on Oct. 03, 2024

The coffee shop giant lags well behind its top competitors on affordability, according to Technomic. No. 1? Tim Hortons.

Premium

Financing

Brian Niccol is quickly making his mark at Starbucks

By Jonathan Maze on Oct. 02, 2024

The Bottom Line: With more power than his predecessor, the new chief executive of the coffee shop giant is already making a bunch of moves to remake the company.

Beverage

Doug Willmarth named CEO of Beans & Brews

By Lisa Jennings on Oct. 01, 2024

The former president of Mooyah Burgers plans to grow the Utah-based coffeehouse franchise across more of the U.S.

Leadership

Molly Liu named CEO of Starbucks China

By Jonathan Maze on Sep. 24, 2024

The coffee shop giant is making its second executive change since the arrival of new CEO Brian Niccol. Belinda Wong, who had been co-CEO along with Liu, will remain as the market’s chairwoman.

Financing