coffee

Financing

Inflation may be taking the buzz out of coffee sales

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?

Operations

Starbucks closes some restaurants, citing safety concerns

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.

She had been one of the chain’s most visible executives and declined another position at the company. Sara Trilling, who had led the Asia Pacific region, will step into the role.

In 2018, following a widely publicized racist incident in one of its stores, the coffee giant opened its restrooms to all. But interim CEO Howard Schlutz says a mental health crisis is putting that policy (and worker safety) in jeopardy.

The company unveiled a 900-square-foot drive-thru-only location among its new designs, which also include a larger version with a 24-seat dining room.

Interim CEO Howard Schultz told the Wall Street Journal that he isn’t a candidate for the permanent job. But anybody who takes the position will operate under his considerable shadow.

Here are the coffee concepts that generated the most sales in 2021, according to the Technomic Top 500 Chain Restaurant Report.

The venerable chain has already evolved from a doughnut into a beverage chain. Its more recent success has come from colder beverages and menu items aimed at younger consumers.

The coffee giant joins McDonald’s in pulling up stakes in the country over the war in Ukraine.

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