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Starbucks

Financing

Starbucks is pushing takeout, but still banking on its experience

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.

Financing

Starbucks expects to pay all its workers $15 an hour within three years

The company said 30% of its workers already make more than that, and the rest should make it within “two to three years.”

The co-CEO of Ariel Investments and current vice-chair will take over for Myron Ullman, who will retire from the coffee chain’s board in March.

The coffee chain is giving its workers at least a 10% pay increase as it works to attract and keep employees.

New items launching on global chain menus may provide inspiration for innovation stateside.

The Canton, Mass.-based chain has recovered more quickly than its Seattle-based rival. Here’s why, says RB’s The Bottom Line.

The chain’s same-store sales improved in September, thanks to strong sales of the Pumpkin Cream Cold Brew and big consumer orders.

The chain now expects to close 500 domestic locations in the next year as the chain accelerates its shift away from poor-performing urban areas.

Those in the know can unearth items that aren’t posted on menus.

The coffee giant will tie executive pay to diversity targets and says that 30% of its corporate staff at all levels will come from diverse groups.

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