Starbucks

Starbucks Workers Union Authorises Potential US Strike

The workers union representing more than 10,000 Starbucks baristas said they have authorised a potential strike, ahead of this year's final round of bargai...

India's Tata Faces Pressure In Starbucks Joint Venture As Consumers Cut Back

India's Tata Consumer Products will push back plans for some new Starbucks store openings until later in its existing schedule as fewer customers are walki...

Nestlé USA Names New Chief Executive Officer

Nestlé USA has appointed Martin Thompson as its new chief executive officer and US market head, effective 1 January 2025.

Walmart To Roll Back Some Diversity Policies In US Amid Pressure From Conservatives

Walmart plans to cut back some of its diversity, equity and inclusion (DEI) initiatives, a spokesperson for the retailer said on Monday, joining a growing...

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US CEOs Fired More Quickly Over Low Stock Prices This Year: Report

US companies with lagging stock prices are now quicker to blame management and fire their top executive, but the process of finding a replacement has remai...

Duty-free Retailer Avolta's Core Turnover Rises 5.7% In Q3

Swiss duty-free retailer Avolta reported a 5.7% organic increase in its third-quarter turnover on Thursday, helped by strong demand during peak summer trav...

Starbucks Reports Drop In Comparable Sales, Earnings As Global Demand Suffers

Starbucks reported a 7% drop in global comparable sales for the fourth quarter as the coffee chain struggles to revive demand for its pricey lattes in the...

Starbucks Pulls Annual Forecasts Amid Turnaround Under New CEO

Starbucks Corp has suspended its annual forecasts as new CEO Brian Niccol looks to turn around the coffee giant struggling to stem waning customer demand.