News
Software engineer quit a $250, 000 job to open a matcha cafe in Manhattan: 'I wanted purpose and meaning"
1+ hour, 42+ min ago (1354+ words) Michelle Yeung, 29, says she used to earn roughly $250, 000 a year as a software engineer in New York " enough to travel, buy almost anything she wanted and stop worrying about money for the first time in her life. Back in 2022, however,…...
Starbucks says afternoon traffic is rising as turnaround starts to take hold
1+ week, 4+ hour ago (539+ words) Afternoon traffic is becoming a bigger growth engine for Starbucks, the company said Thursday, as it pushes deeper into a key part of CEO Brian Niccol's turnaround strategy. The coffee giant is seeing more customers visit U. S. stores after 2 p. m. , with the…...
Coach is serving up coffee with handbags as it looks to build on Gen Z success
8+ mon, 5+ day ago (1347+ words) At Coach's new shops, the latest purse is made of cake batter and colorful shades of white chocolate. The legacy leather handbag maker's recent venture is a coffee shop that offers Tabby purse-shaped sweets, tiramisu- and pumpkin-flavored coffees, matcha drinks…...
How Starboard could build value at Keurig Dr Pepper ahead of its JDE Peet deal
7+ mon, 2+ week ago (440+ words) Stock Market Value: $36. 11 billion ($26. 59 per share) Starboard has taken a position in Keurig Dr Pepper and has held meetings with the company's management. Coincidentally, or not so coincidentally, JAB owns a controlling 68% stake in JDE Peet's. The move shocked investors…...
Starbucks launches beta app in Chat GPT to fuel new drink discovery
1+ mon, 2+ week ago (289+ words) Starbucks has launched a beta app in Chat GPT to provide inspiration for customers' drink orders, the company said Wednesday. To use the beta app, customers need to enable the Starbucks app through Chat GPT's app directory and then enter…...
Coffee and tea prices continue to ramp up due to tariffs, worrying retailers and importers
9+ mon, 3+ week ago (636+ words) While last month's consumer price index showed that food prices were effectively flat month over month, tariff-sensitive items like coffee beans, specialty teas and spices are showing signs of inflation, worrying small businesses selling those products. According to the Bureau…...
Keurig Dr Pepper to buy Dutch coffee company JDE Peet's in $18 billion deal; KDP stock falls 11%
9+ mon, 1+ week ago (399+ words) Keurig Dr Pepper will acquire Dutch coffee and tea company JDE Peet's in a roughly $18 billion deal that could give a boost to the U. S. giant's struggling coffee business, the two companies said Monday. Shares of Keurig Dr Pepper closed down…...
Starbucks to award bonuses to baristas, expand tipping to promote turnaround efforts
2+ mon, 2+ day ago (377+ words) Starbucks will award baristas and shift supervisors quarterly bonuses of $300 if their stores hit certain targets to aid the coffee chain's turnaround efforts, the company said Thursday. The program will begin in July, with the first payout coming in the…...
Starbucks" underwhelming China deal frees the coffee chain to prioritize what matters most
6+ mon, 4+ week ago (38+ words) The deal Starbucks made to sell a majority stake in its China business is underwhelming but clears the way for a sharper focus on its core U. S. operations. "I did think there was going to be more. .....
How Trump's tariff rollback will impact your grocery prices
6+ mon, 1+ week ago (43+ words) To combat higher food prices President Trump announced his administration is rolling back tariffs on grocery items ranging from coffee, beef and bananas. But analysts say this is not enough to lower prices immediately. How Trump's tariff rollback will impact…...