Starbucks doubles down on Pickup Store format as it closes 400 stores in retail-footprint transformation
As announced last month, intense real estate review underway According to COVID-19 business update authored by Kevin Johnson, Starbucks president and chief executive and Patrick Grismer, chief financial officer, Starbucks […]
Starbucks accelerates convenience-centric real estate strategy
Executives plan to make order-ahead, drive-thru stores more ubiquitous In a Starbucks COVID-19 update, Kevin Johnson, its president and chief executive, announced major acceleration of its Starbucks Pickup stores like […]
Starbucks shifts to delivery, drive-thru only amid coronavirus outbreak
Coffee giant ceases takeout, in-store operations Starbucks moved to drive-thru and delivery only, closing thousands of cafes across the country in a move to help contain the spread of coronavirus. […]
Starbucks grows revenue, transactions on strength of digital, innovation: 1Q 2020
Traffic growth boosts U.S. comp by 6 percent Starbucks had an impressive quarter to start the fiscal year, capitalizing on investments in technology, continued new store growth, and a variety […]
Krispy Kreme to add six new shops in New York City, including Times Square
Remodeled Penn Station shop re-opens Krispy Kreme will open its flagship Times Square, New York City shop in May, the company announced. The highly-visible outlet, located at Broadway and 48th […]
Dutch Bros Coffee names Charley Jemley CFO, readies next-stage growth
With new CFO, Dutch Bros primed for expansion Dutch Bros Coffee named Charley Jemley as its new chief financial officer. Jemley has extensive experience in retail finance and restaurant development, […]
Shelby Township Coffee Beanery opens in June
Ribbon cutting ceremony held June 7 This month, Coffee Beanery opens a new location in Shelby Township, Mich., just over 60 miles from its home office in Flushing. The store […]
Starbucks Shenzhen Bay is milestone 30,000th store
Newest store in Shenzhen Bay Mix City is immersive experience Starbucks hit a grand milestone today with the opening of its newest store in China, it announced. The Shenzhen Bay […]
Starbucks opens Nakameguro, Tokyo Reserve Roastery
Tokyo Starbucks Reserve Roastery is fifth, set along scenic Meguro River Starbucks opened a new Reserve Roastery in Tokyo, only the fifth roastery globally. The four-story Nakameguro Starbucks Reserve Roastery […]
Starbucks opens Dewata Coffee Sanctuary in Indonesia
Largest coffee destination in Southeast Asia to be ‘sensory coffee journey’ Starbucks has opened its largest Southeast coffee destination in Bali Indonesia. The Starbucks Dewata Coffee Sanctuary, on Sunset Road in the retail district, is a unique experience among […]
QSR chains amp up promotions during Halloween 2018 season
Quick-service restaurant chains are amping up their promotions and limited-time offerings during the Halloween season. Burger King is introducing a nightmarish burger called the Nightmare KIng, intended and “clinically proven” to induce increased nightmares. The Nightmare King sandwich contains a quarter-pound flamed-grilled beef patty, 100-percent white meat crispy chicken fillet, melted cheese, thick-cut bacon, mayo and onions on a glazed green sesame seed bun.
Starbucks taps ex-Hyatt executive to succeed Maw as chief financial officer
Starbucks has named Patrick Grismer executive vice president and chief financial officer, succeeding Scott Maw, who is retiring at the end November. Grismer will report to Kevin Johnson, Starbucks president and chief executive. Grismer brings global financial expertise from leadership roles in several large, consumer-facing companies, including Hyatt Hotels, KFC parent Yum Brands and The Walt Disney Company, spending more than 25 years as these hospitality and foodservice behemoths.
Off-premises business the new battleground for restaurant chains
Off-premise food popularity was a top dining trend identified this year. As consumers look for more convenience, there is no shortage of chains wanting to bring the food to where the consumers are. For IHOP, the sales momentum it gained in its Q2 2018 quarter was not exclusively due to the initial lift... but also due to a focus on off-premise sales and operational execution. Through the Starbucks-Alibaba partnership, delivery will be launched in Beijing and Shanghai in September, expanding the program to 30 cities and more than 2,000 stores... enables the creation of “Starbucks Delivery Kitchens” within Hema supermarkets.
