Starbucks

Financing

Starbucks does well in Italy, while Domino’s does not

The Bottom Line: Consumers are apparently warming to the coffee giant. But the pizza chain is calling it quits in the marke

Financing

Starbucks’ CEO candidates are apparently on board with its revitalization plan

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.

A new assistance pool is intended to reassure baristas that pro-union activity won't cost them income.

Starbucks Workers United said the milestone vote came at a location in Cleveland, 11 months after the unionization effort began.

Union supporters say the burrito brand is trying to thwart the organizing effort. Chipotle says it just can't find enough staff to maintain operations.

Reality Check: A variety of brands are now contending with organizing efforts, and the tally is growing quickly.

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.

The Bottom Line: Bloomberg suggested that one of the chain’s directors could take the position, including former Domino’s CEO Ritch Allison and former McDonald’s CMO Mary Dillon.

  • Page 13