News Formal

Former Starbucks CEO Schultz says company needs to refocus on coffee as sales struggle

  • 📰 AP
  • ⏱ Reading Time:
  • 41 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 44%
  • Publisher: 51%

Starbucks Corp News

Howard Schultz,Earnings,WA State Wire

Former Starbucks CEO Howard Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales. In a LinkedIn post published over the weekend, Schultz said many people had reached out to him after Starbucks reported weaker-than-expected quarterly sales and earnings last week.

FILE - Starbucks founder and former CEO Howard Schultz testifies before the Senate Health, Education, Labor and Pensions Committee at the Capitol in Washington, Wednesday, March 29, 2023. In a LinkedIn post published over the weekend April 4, 2024, Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales.

In his post, Schultz said senior leaders – including board members – need to spend more time talking to baristas in the company’s stores.Starbucks appears likely to win Supreme Court dispute with federal labor agency“I have emphasized that the company’s fix needs to begin at home: U.S. operations are the primary reason for the company’s fall from grace,” he said. “The stores require a maniacal focus on the customer experience, through the eyes of a merchant.

“The go-to-market strategy needs to be overhauled and elevated with coffee-forward innovation,” he said. “We always appreciate Howard’s perspective. The challenges and opportunities he highlights are the ones we are focused on. And like Howard, we are confident in Starbucks long-term success,” Starbucks said Monday in a statement.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Former Starbucks CEO Schultz says company needs to refocus on coffee as sales struggleStarbucks says it's seeing slower traffic around the world as U.S. and Chinese customers pull back on spending.
Source: fox13seattle - 🏆 328. / 59 Read more »

Ex-CEO Howard Schultz says Starbucks needs to revamp its stores after big earnings missIn its latest quarter, Starbucks reported a surprise decline in same-store sales and slashed its full-year forecast.
Source: CNBC - 🏆 12. / 72 Read more »

Former Starbucks CEO says company needs to revamp its stores after big earnings missFormer Starbucks CEO Howard Schultz weighed in Sunday on the coffee chain’s dismal latest quarterly report, saying he believes the company will recover if it improves its U.S. stores.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »

Starbucks founder Schultz says company needs to refocus on coffee as sales struggleFormer Starbucks CEO and founder Howard Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales
Source: ABC - 🏆 471. / 51 Read more »

Starbucks founder Howard Schultz says company needs to refocus on coffee as sales struggleHoward Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales.
Source: komonews - 🏆 272. / 63 Read more »

Starbucks founder Schultz says company needs to refocus on coffee as sales struggleFormer Starbucks CEO and founder Howard Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales.
Source: wjxt4 - 🏆 246. / 63 Read more »