DUTCH BROS’ STOCK SURGES ON Q3 RESULTS AS COMPANY ON TARGET FOR 670 STORES BY EOY
The coffee chain’s growth is on target as management has managed the difficulties around labour shortages and increased supply costs successfully through hiking prices to eke out 1.7% same-shop sales over the same period last…
% ARABICA LAUNCHES FIRST STORE IN SOUTH KOREA
Japanese coffee chain % Arabica has opened its first branch in South Korea, continuing its expansion in Asia. The store is % Arabica’s 125th worldwide, following initial launches in Bali and Taiwan in August 2022.…
HOWARD SHULTZ SAYS STARBUCKS LOST ITS WAY, BUT WILL GET BACK ON TRACK
Shultz has spoken openly about Starbucks losing its way in recent years, which I took as a slight to previous CEO Kevin Johnson. Johnson earlier succeeded Howard Schultz as CEO, having previously served as the…
MARTIN LÖFBERG TALKS TO NICK BASKETT ABOUT “ERA OF WE”
“Era of We” is an autological term – it is what it implies, a new era of coffee, ignited by Löfbergs as the first roaster, but to be an inclusive yet performance-driven community. It’s tempting…
STARBUCKS NEW CEO IS A SAFE CHOICE
Analysis Laxman Narasimham has been named the new CEO of Starbucks. A former long-time employee of the consulting firm McKinsey and later an employee of Pepsi, where he helped close a distribution deal with Starbucks,…
STARBUCKS UNION CLAIMS CLOSURE OF 2 STORES AN ACT OF RETALIATION
Starbucks has recently closed two more unionised locations, one in Seattle and one in Kansas City. Starbucks Workers United claims it is an act of retaliation, similar to a series of closures that took place…
