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The new Starbucks strategy: Will CEO Brian Niccol's plan work?
SBUXStarbucks(SBUX) Fox Business·2024-11-03 17:30

Starbucks' new chief executive announced a series of changes this week aimed at drawing back customers as the company navigates unionization pressures, declining foot traffic, and frequent leadership changes.  Brian Niccol, who took over as CEO in September, told analysts on an earnings call this week that the company's financial results "were very disappointing" as sales at U.S. stores opened for at least a year declined 6%, which was driven by a 10% decline in transactions.Niccol emphasized the need for t ...