coffee

Financing

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

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’

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

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

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.

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

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.

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

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.

Mary’s Pizza Shack and Red Bay Coffee Company, both based in Northern California, filed for federal debt protection last week.

Tech Check: The coffee chain was a pioneer in hospitality and then digital ordering. Under CEO Brian Niccol, it must prove the two can coexist.

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