About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

NEW YORK, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Starbucks Corporation ("Starbucks" or the "Company") (NASDAQ: SBUX) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Starbucks investors who were adversely affected by alleged securities fraud between November 2, 2023 and April 30, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/starbucks-lawsuit ...

Core Insights - Brian Niccol has taken over as the new CEO of Starbucks, emphasizing a return to the company's roots and improving the store experience for both employees and customers [1][2] - Niccol plans to implement a clearer distinction between "to-go" and "for-here" service to enhance the customer experience [1] - The company has faced declining same-store sales in recent quarters, attributed to reduced discretionary spending by consumers [2] Company Strategy - Niccol's initial focus will be on the U.S. market, with intentions to address the challenges posed by a difficult consumer spending environment [2] - There is a recognition within the company that it has drifted from its core values, presenting an opportunity to enhance the store experience [2] - Niccol has acknowledged the need to understand growth potential in China, where same-store sales dropped by 14% year-over-year last quarter [3] Market Presence - The U.S. and China together account for 61% of Starbucks' business, highlighting the importance of both markets in the company's strategy moving forward [3]

Starbucks’ new CEO Brian Niccol said he would focus on reinvigorating coffeehouse culture at the chain’s stores in the US as he takes the helm in the midst of patchy demand for its pricey lattes.Starbucks named Niccol as its CEO in a surprise move last month, replacing Laxman Narasimhan after the company’s comparable sales fell for the second straight quarter this year.In his first week at the job, Niccol said in an open letter he would initially focus on US stores delivering drinks and food on time and ele ...

Starbucks CEO Brian Niccol is focused on fixing the company's U.S. business within his first 100 days on the job, which includes making stores more comfortable for customers and improving workforce morale.  "We’re making investments in technology that enhance the partner and customer experience, improve our supply chain and evolve our app and mobile ordering platform," Niccol said in a letter to Starbucks staff, otherwise known as partners. "This is our plan for the U.S., and where I need to focus my time i ...

NEW YORK, Sept. 10, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Starbucks Corporation (NASDAQ: SBUX). Shareholders who purchased shares of SBUX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/starbucks-loss-submission-form/?id=101248&from=3 CLASS PERIOD: November 2, ...

Core Insights - The new CEO of Starbucks, Brian Niccol, aims to enhance the U.S. business in his first 100 days before addressing international challenges [1][2] - Niccol's appointment follows a period of declining sales, particularly in the U.S. and China, prompting a leadership change [1] - Niccol previously led Chipotle Mexican Grill, transforming it into a successful brand, and now faces the task of revitalizing Starbucks [1] U.S. Business Focus - Niccol has outlined a plan focusing on four key areas for improvement: barista experience, morning service, cafes, and branding [1] - The initial focus will be on the U.S. market, where the company has faced significant sales challenges [2] International Challenges - After addressing U.S. issues, Niccol plans to tackle challenges in international markets, particularly in China, which is Starbucks' second-largest market [2] - The Chinese market has struggled post-pandemic, with increased competition forcing Starbucks to rely more on discounts and promotions to attract customers [2] - Niccol emphasized the need to understand growth opportunities in China and leverage the company's strengths in this competitive environment [2]

Key TakeawaysStarbucks' new CEO, Brian Niccol, officially started his tenure with the coffee giant Monday after announcing his departure from Chipotle last month.Niccol's appointment sent Starbucks' stock up roughly 25% in one day, with analysts largely optimistic about what Niccol can do for Starbucks.Starbucks' recent struggles in the U.S. and China, and pressure from activist investors to improve sales and stock price, will be key issues that Niccol will face as chief executive. Starbucks (SBUX) official ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying SBUX stock? Here’s what analysts think: ...

In this articleSBUXCMGBrian Niccol steps in as CEO of Starbucks on Monday, taking over as the coffee giant's sales slump and stock price falls.Starbucks tapped Niccol in August to take over from Laxman Narasimhan, who held the position since March 2023. Niccol had served as chief executive of Chipotle Mexican Grill since 2018, turning around the fast-casual chain after a series of foodborne illness outbreaks and leading it through the pandemic. Prior to Chipotle, Niccol was CEO of Taco Bell, which Yum Brand ...