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Bloomberg33d agoneutral
Starbucks Taps AI to Reduce Reliance on Microsoft, IBM Software

(Bloomberg) -- Starbucks Corp. is developing in-house tools with the help of artificial intelligence that could replace some software applications it now buys from companies such as Microsoft Corp. and International Business Machines Corp.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsTrump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’US Military Launches Strikes on Iran for Se

Costco has found an AI use members will appreciate
TheStreet37d agoneutral
Costco has found an AI use members will appreciate

Costco, like many of its retail rivals, has embraced artificial intelligence (AI). That's perhaps a little surprising given that the chain has traditionally waited for its rivals to prove the benefits of using emerging technology before adopting it. AI, while it has become common, has also had its ...

Starbucks vs Chipotle: Two Restaurant Titans, Two Playbooks, Only One Winner
24/7 Wall St.37d agoneutral
Starbucks vs Chipotle: Two Restaurant Titans, Two Playbooks, Only One Winner

Starbucks (NASDAQ:SBUX) and Chipotle Mexican Grill (NYSE:CMG) just delivered two of the most instructive turnaround updates in restaurants. Starbucks posted its clearest inflection yet under Brian Niccol. Chipotle, still working through a full year of negative comps, leaned harder on unit growth and menu innovation. Same sector, two very different scoreboards. Coffee Traffic Comes Back. ... Starbucks vs Chipotle: Two Restaurant Titans, Two Playbooks, Only One Winner

Why Starbucks thinks it can double its U.S. stores
TheStreet45d agobullish
Why Starbucks thinks it can double its U.S. stores

When CEO Brian Niccol came to Starbucks almost two years ago, he took over a brand that had lost some of its focus. The cafe chain had pivoted during the Covid pandemic to a takeout-and-delivery model, dropping long-time CEO Howard Schultz's vision of the brand as offering a third place between ...

Kroger quietly makes a major loyalty program change
TheStreet47d agoneutral
Kroger quietly makes a major loyalty program change

Loyalty programs, when they work well, offer meaningful rewards in exchange for spending at a specific retailer or restaurant. For the program to succeed, rewards have to be attainable while also substantial enough to feel like you've earned something. Starbucks, for example, does this incredibly ...

Is Starbucks open or closed on Juneteenth?
TheStreet53d agoneutral
Is Starbucks open or closed on Juneteenth?

Juneteenth is the nation's newest federal holiday, celebrated on June 19th, the date in 1865 when Union troops arrived in Galveston, Texas, and announced that the last enslaved Black Americans were free. As Americans make plans for the holiday — which many people celebrate by attending festivals ...

Residence Acquires Influencer Agency  GateMaker
MediaPost56d agoneutral
Residence Acquires Influencer Agency GateMaker

GateMaker was founded in 2021 by Ashton Wall and Amelia Soohoo and has worked with brands such as Amika, Estee Lauder Companies, Glossier, LG, L'Occitane en Provence, Milk Makeup, NARS, NEST, Pacifica, Rag & Bone, Reebok, Starbucks, and more.

Reuters56d agobearish
Verizon targets wireless customers with new simpler plans, drops some fees

Verizon is aiming to attract customers by offering simpler plans, dropping activation and upgrade fees and unveiling a ‌new loyalty program offering discounts and perks. The U.S. company is aggressively ‌competing with AT&T and T-Mobile in the saturated U.S. telecoms market, where network providers have extended device ​subsidies, added plan discounts and increased network infrastructure spending. Verizon said its new program will offer customers 3% back on bills from July that can be used toward new phones or at consumer brands like Sephora, Hilton, Marriott and Starbucks.

The world wants more high-protein products, but there's not enough whey to go around
Associated Press60d agoneutral
The world wants more high-protein products, but there's not enough whey to go around

Athletes and older adults have long used smoothies and shakes blended with whey protein concentrate – a powdered byproduct of cheese-making – to build or maintain muscle. The average U.S. supermarket now has 38,708 products advertising their protein content, according to NielsenIQ, a market research company. “Demand is very firm and seemingly outpacing supply for right now,” said Kathleen Wolfley, vice president of Ever.Ag Insights, a data provider and consulting company for the agriculture industry.

Starbucks eyes massive change in key market
TheStreet61d agoneutral
Starbucks eyes massive change in key market

Starbucks is on a roll right now. U.S. comparable-store sales jumped 7% last quarter, transactions are increasing across all income groups, and operating income is inflecting for the first time in two years. But behind the momentum, Chairman and CEO Brian Niccol is quietly making moves that ...

Starbucks Evaluates Sale and IPO Options for Japanese Operations (SBUX)
InvestorsHub62d agoneutral
Starbucks Evaluates Sale and IPO Options for Japanese Operations (SBUX)

Starbucks (NASDAQ:SBUX) is reportedly reviewing strategic alternatives for its business in Japan, including a possible partial divestment or public listing, according to a Bloomberg News report citing people familiar with the matter. The coffee chain has held early-stage discussions with investment banks as it assesses options for its Japanese subsidiary, one of the company’s most significant international operations.

Starbucks Elbows Into Healthy-Beverage Market
The Wall Street Journal63d agoneutral
Starbucks Elbows Into Healthy-Beverage Market

Starbucks wants to be your place of wellness in addition to your caffeine source. The coffee giant is building its protein and energy-drink offerings, and exploring the addition of drinks with collagen and creatine. “It is wellness, it is hydration and it is energy,” Starbucks Chief Executive Brian Niccol said during an investor forum Tuesday, when asked about his beverage priorities.

Chipotle vs Starbucks: One Turnaround Is Real, One Is Just Smoke
24/7 Wall St.67d agoneutral
Chipotle vs Starbucks: One Turnaround Is Real, One Is Just Smoke

Two beaten-down restaurant names, one decision: should a retirement-focused investor put fresh capital into Starbucks (NASDAQ: SBUX) or Chipotle Mexican Grill (NYSE: CMG) right now? Both stocks have been punished, but for opposite reasons. Starbucks has rallied off its lows as a turnaround takes hold, while Chipotle has cratered as its growth story collapsed into ... Chipotle vs Starbucks: One Turnaround Is Real, One Is Just Smoke

Whey Protein Is Running Out as Food Companies Put It in Everything
Bloomberg71d agoneutral
Whey Protein Is Running Out as Food Companies Put It in Everything

(Bloomberg) -- Big Food is packing protein into chips, waffles and even Starbucks’ lattes, and consumers can’t get enough of it.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionA Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to ExpectStrait of Hormuz Ship Transits Are Rising Thanks to US HelpPro-Trump Outsider Wins Colombia Vote, Sets Up Heated RunoffBut that insatiable demand now has the in

Jim Cramer has bold new message for Starbucks investors
TheStreet73d agoneutral
Jim Cramer has bold new message for Starbucks investors

Most people buy stocks the way they buy umbrellas. They want one when it is already raining and forget it the moment the sun comes out. The crowd chases what is hot and runs from what is cold, which is usually the opposite of what builds wealth over time. For about two years, one of America's most ...

Starbucks mounts comeback after costly backlash
TheStreet76d agoneutral
Starbucks mounts comeback after costly backlash

When Starbucks introduced its new flat-fee pricing for drink customizations last year, the aim was to ease customer frustrations. As it turns out, the coffee megalith only shot itself in the foot. Data from market research firm YouGov shows that customers’ value perception of Starbucks fell notably ...

Starbucks Stumbles With Botched South Korean Promotion
The Wall Street Journal77d agobearish
Starbucks Stumbles With Botched South Korean Promotion

Starbucks shares fell 2% Tuesday after a promotion misfire and threatened boycotts in South Korea, one of the chain’s biggest markets. The company’s South Korean licensee recently ran a “Tank Day” marketing campaign, offering discounts on the company’s “Tank” tumbler series. The promotion’s last week coincided with the anniversary of a 1980 massacre in South Korea, when the country’s military deployed soldiers in tanks to crush a demonstration, killing protesters.

Top analyst resets CAVA stock price target after earnings
TheStreet77d agoneutral
Top analyst resets CAVA stock price target after earnings

In fast-casual restaurants right now, there is one number every analyst is hunting for, and almost nobody is producing it. That number is positive guest traffic. Sweetgreen (SG) posted an 11.2% traffic decline in the first quarter of 2026, per its first-quarter 2026 earnings release. Chipotle (CMG) ...

Is Starbucks open today, Memorial Day?
TheStreet78d agoneutral
Is Starbucks open today, Memorial Day?

Just because it’s a holiday Monday doesn’t mean you can live without coffee. So if a Starbucks run is part of your morning routine, you may be wondering whether you can still grab that iced brown sugar oat milk espresso or latte just like you usually do, even though it's Memorial Day. While ...

Starbucks investors get tough-luck news on AI inventory bet
TheStreet79d agoneutral
Starbucks investors get tough-luck news on AI inventory bet

Corporate America has spent the past two years acting like every problem has an artificial intelligence (AI) solution attached to it. The pitch is always the same. Faster than people. Cheaper than people. More accurate than people. Boardrooms have funded it, consultants have sold it, and ...

Starbucks CEO sends blunt message on consumer spending
TheStreet80d agoneutral
Starbucks CEO sends blunt message on consumer spending

When most restaurant chains have been sounding the alarm on the American consumer, Starbucks just posted one of its strongest quarters in recent memory. The numbers were hard to ignore. Global comparable store sales grew more than 6%. Transactions in the U.S. rose over 4%. Earnings ...

Starbucks’ Cost-Cutting Campaign Comes to Canada
The Wall Street Journal82d agoneutral
Starbucks’ Cost-Cutting Campaign Comes to Canada

Starbucks' campaign to cut $2 billion in costs is stretching north of the border. The coffee giant told employees Thursday that it is trimming positions and reorganizing Canadian corporate functions to help streamline operations, a Starbucks spokesman said. Several dozen employees were impacted, none of them in store-level roles.

Starbucks gets powerful new Wall Street reality check
TheStreet83d agoneutral
Starbucks gets powerful new Wall Street reality check

Starbucks (SBUX) has spent most of the past year attempting to convince Wall Streetthat its turnaround strategy is finally starting to pay off. The coffee giant has been slashing costs, restructuring operations and investing extensively in cafe performance after a challenging period of declining ...

Popular pasta chain closes 20 more restaurants
TheStreet84d agoneutral
Popular pasta chain closes 20 more restaurants

Even the biggest, most successful restaurant chains close locations regularly. Starbucks, for example, closes hundreds of locations every few years. That's because populations shift, rents increase, and other factors change that make a once-viable restaurant no longer profitable. The coffee chain, ...