How the pandemic changed Americans' Starbucks routine - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Starbucks CEO Kevin Johnson blamed "disruption to the weekday morning routines" for the chain's financial struggles in the most recent quarter, with American same-store sales falling by 41%.

Americans' new coffee routines are forcing Starbucks to adjust what stores look like and what they serve, with executives teasing more plant-based snacks for afternoon customers. Starbucks CEO Kevin Johnson said on a call with investors on Tuesday that "disruption to the weekday morning routines, notably, commuting to work and school" hurt the coffee giant's sales in the most recent quarter. Starbucks American same-store sales fell by 41%, with comparable transactions down 53%.

Roz Brewer, Starbucks' chief operating officer, said on Tuesday's call that the chain has seen a shift in how customers "view their morning." Instead of picking up their coffee before work, more people are now going to Starbucks around 9:30 a.m. In the afternoon, there is another peak in customer visits around 2 p.m.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Two global leaders on how the pandemic will drive business innovation - Business InsiderWatch Young Sohn, Corporate President and CSO of Samsung Electronics, interview Mathias Döpfner, CEO of Axel Springer, about the transformation of digital media and innovative technologies reshaping possibilities for the future SamsungSSIC ad SamsungSSIC
Source: BusinessInsider - 🏆 729. / 51 Read more »

Lean and mean business strategy blew up during coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

A Conversation With Travel Reporter Victoria Walker About the Industry and the Pandemic“Americans are so unused to being told ‘No.’ ” Covid19 type lockdowns and freedom destroying policies will be the norm under a Joe Biden presidency. Covid19 has leveled the playing field. The rich are unable to travel and enjoy the fruits of their labor, just like the poor. That's the Utopia the Democrats desire. NeverBiden Just the coddled young Americans.
Source: Slate - 🏆 716. / 51 Read more »