1. Corporate Strategy

Starbucks CEO Faces Challenges Amidst Stock Decline, Sales Drop

Written by Posted on Less than 0 min read

Laxman Narasimhan, CEO of Starbucks Corp. (SBUX), finds himself in a tough spot with plunging shares and declining sales, just a year into his tenure.

View Original Article
Member since
RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional headline reporting. Each business morning, our editors post timely topics worthy of commentary by the RetailWire BrainTrust panel of industry experts and general readership. The results are virtual round tables of industry opinion and advice covering the most dynamic trends and issues affecting the retailing industry. https://retailwire.com/
Do you like RetailWire's articles? Follow on social!

More from RetailWire

  1. Media & Marketing

Buybuy Baby auction being split into two parts

Bed Bath & Beyond will only accept bids on Buybuy Baby’s intellectual property, including its domain name, at an auction scheduled for next Wednesday at 10 a.m. A second auction is planned for Thursday, where bidders can make offers to keep the chain’s stores operating. The decision to split the auctions appears to indicate that… […]
< 1 min read
0
  1. Holiday & Events

Super Bowl LVII Party Costs Might Be Lower for Big Game Spreads

Planning a meal to serve to family and friends in 2024 could be a bit easier than expected, as consumers will find that prices on some Super Bowl staples have gone down from last year. View Original Article Strategy Consumers Holiday & Events Predictions and Forecasts RetailWire Member since October 25, 2020 Loading + Follow […]
< 1 min read
0
  1. Channel: Grocery

Giant Eagle has a plan to bring its wayward customers back

Giant Eagle interim CEO Bill Artman says the grocer has “to get better” to win back customers who have left it to shop at Walmart and other stores. The chain has recently cut the prices on 800 items as part of its “Price Lock” promotion running through Aug. 9. It also brought back its printed […]
< 1 min read
0
  1. Department & Category

Campbell’s Market is an oasis within a food desert in Ohio

Vinton County is the least populated county in Ohio. The county’s only grocery store closed in 2013, which forced residents to drive 30 miles one-way to get the foods they needed. That changed, however, when Camppbell’s Market opened its third store in the county seat of McArthur in 2017. View Original Article Dept. Grocery RetailWire […]
< 1 min read
0
  1. Trends & External Forces

Apple’s Electric Car Project Titan Is Coming to Fruition

The Apple electric car project, known as Titan, has been in the works for over a decade. However, it recently hit a critical juncture, prompting Apple to recalibrate its ambitions from an autonomous vehicle toward a more conventional electric car design. View Original Article Trends: Tech RetailWire Member since October 25, 2020 Loading + Follow […]
< 1 min read
0
  1. Associates & Employees

More workers are commuting to their jobs

Nearly 73 percent of companies said their employees rarely or never worked from home last year, according to a Labor Department report. “There’s a sense that innovation, creativity and collaboration can suffer when teams are apart,” said Mike Steinitz, senior executive director at Robert Half. “They believe employees are simply more productive in the office. […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

FTC Refunds Ring Customers $5.6 Million for Video Privacy Issues

The FTC is giving back $5.6 million to consumers due to a settlement with Ring, an Amazon-owned company. The issue arose when Ring failed to protect customers’ private video footage from unauthorized access. View Original Article Amazon Consumers Government RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion […]
< 1 min read
0
  1. ESG

Hardly Any Plastics Can Be Recycled According to a New Study

Are all the plastic items households recycle annually really being reused? A new study says no. View Original Article Sustainability Consumers RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well […]
< 1 min read
0
  1. Media & Marketing

Tesla Employee Sleeps in Car, Loses Job Amidst Layoffs

Tesla, the Texas-based automaker, recently conducted layoffs affecting at least 10% of its staff. Among them was Nico Murillo, a production supervisor at the Freemont facility, who shared his layoff experience on LinkedIn. View Original Article Associates Marketing: Social Media RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online […]
< 1 min read
0
  1. Channel: Restaurants

More Dual-Brand IHOP & Applebee’s Could Be on Route, but History Shows They Might Not Work

The opening of dual-brand restaurants has been on the rise, and according to an earnings call in February, executives of IHOP and Applebee’s said the two brands are planning to open several joint locations across the U.S. View Original Article Restaurants Results & Investment Executives Strategy RetailWire Member since October 25, 2020 Loading + Follow […]
< 1 min read
0
  1. Department: Consumer Durables

Lululemon is looking to sell Mirror

Lululemon athletica is looking to sell its Mirror in-home fitness system. The company has approached Hydrow, which sells connected rowing machines for the home. The two companies declined to comment on the report. View Original Article Health & Wellness Dept. Apparel Editor's Choice RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is […]
< 1 min read
0
  1. Corporate Finance

The David’s Bridal bankruptcy is tied to changes in wedding attire

David’s Bridal filed for Chapter 11 bankruptcy protection and the chain pointed to a shift in how brides dress for their weddings as a cause. “The demand for formal wedding dresses, bridesmaid dresses, and related accessories has decreased substantially in the current environment,” the company said in its bankruptcy filing. View Original Article Sustainability Bankruptcy […]
< 1 min read
0
  1. Uncategorized

All About the Hot Money Trend Loud Budgeting

The term gives a trendy name to an old concept, penny pinching. View Original Article RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional headline reporting. Each business […]
< 1 min read
0
  1. Corporate Purpose

Adidas to sell some Yeezy inventory and donate part of the proceeds

Adidas CEO Bjoern Gulden said the company plans to sell some of its Yeezy stock and donate part of the proceeds to international organizations. The athleticwear ended sales of the brand last year after Ye, formerly known as Kanye West, made a series of antisemitic comments. Ye will still be entitled to 15 percent of […]
< 1 min read
0
  1. Associates & Employees

Howard Schultz’s friends say fight with union is personal

People who know Howard Schultz say the three-time CEO of Starbucks takes unionizing activity at the chain personally because he thinks it reflects poorly on the company’s image as an employer. Jeffrey Katzenberg, the former CEO of DreamWorks Animation, says that Mr. Schultz believes: “Your assets turn out the lights and walk out the door […]
< 1 min read
0
  1. Channel: Restaurants

Wendy’s Teams Up With Cinnabon for Latest Breakfast Item

American fast-food chain Wendy’s is bringing a sweet treat to its breakfast menu in partnership with baked goods chain Cinnabon. View Original Article Partnerships Restaurants Dept. Grocery RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with […]
< 1 min read
0
  1. Stores & Formats

Uniqlo sets sights on U.S. expansion

Fast Retailing’s Uniqlo business made its U.S. debut in 2005 and has grown to 61 stores in the States. The chain is now looking to accelerate its expansion with the goal of having 200 U.S. locations in operation within four years. View Original Article Brick and Mortar RetailWire Member since October 25, 2020 Loading + […]
< 1 min read
0
  1. Channel: Restaurants

Sweetgreen renames chicken burrito bowl after Chipotle filed lawsuit

Chipotle sued Sweetgreen after the salad chain named a new menu item a “Chipotle Chicken Burrito Bowl.” Sweetgreen has since changed its name. “We have decided to rename our bowl to the Chicken + Chipotle Pepper Bowl as part of a tentative agreement to resolve the lawsuit,” said a Sweetgreen spokesperson. “Our mission is to […]
< 1 min read
0
  1. Channel: Dollar/Value

Dollar General has increased prices faster than Walmart and Kroger

Dollar General has raised prices more quickly than rivals, including Aldi, Kroger and Walmart, as inflation has hit consumer packaged goods, according to Bank of America analysts Robert Ohmes and Kendall Toscano. View Original Article Aldi Dollar General Kroger Walmart Consumers Economy RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s […]
< 1 min read
0
  1. Data & Insights

Google Suspends Gemini AI Image Generator for Creation of Inaccurate Historical Pictures

Google announced on Thursday that it is pausing its Gemini artificial intelligence image generation creator following “inaccuracies” in historical pictures that were formed using the feature. View Original Article AI Technology & Innovation Google RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as […]
< 1 min read
0
Next