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Starbucks

Financing

Starbucks is making a big bet on plants

The coffee chain said the shift to plant-based products has been “dominant” and is testing a location with nothing but plant-based food.

Financing

Starbucks on track for recovery, thanks to its loyal customers

More mobile ordering and strong drive-thru performance are also helping the coffee giant’s sales recover from the pandemic.

The coffee giant’s chief operating officer is stepping down next month to take the CEO job at Walgreens.

The company is working with the State of Washington on scaling vaccine efforts.

The chain has a lot more drive-thru locations in the U.S., which helped it recover more quickly during quarantine, says RB’s the Bottom Line.

The coffee giant’s Community Resilience Fund will aid small businesses and community projects that promote racial equity and “environmental resilience.”

Rachel Ruggeri will take over as the coffee giant’s finance chief on Feb. 1.

The coffee giant decided to pause the promotion out of concern for the safety of its workers.

Though consumers are staying home, the company said it is still seeing “nice performance” on its gift cards this holiday season.

The company plans to maintain aggressive growth in the U.S. with drive-thrus and takeout-only locations, but it also believes experiential customers will return.

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