Starbucks’ Post

A great response by the CEO to lacklustre quarterly results with immediatre action in 3 areas. However, the issues might be much deeper and more significant than the 3 strategic responses are combatting. Maybe dig a bit deeper in understanding potential fundamental issues BEYOND a challenging environment and headwinds. There seems to be a lot more to do to righten the ship.

Starbucks has taken a significant step forward by naming Brian Niccol the former CEO of Chipotle, as its new leader. This move comes amidst declining sales and investor pressure. Niccol is known for his transformative leadership at Chipotle, driving substantial growth through menu innovation, operational excellence, and digital transformation. During Niccol’s tenure at Chipotle, the company witnessed a remarkable transformation, with revenue nearly doubling and stock price surging by almost 800%. Starbucks is banking on Niccol’s successful track record to rejuvenate the company, improve customer experiences, and stimulate growth. The decision has already yielded positive results, with Starbucks’ shares experiencing a notable increase post-announcement. #Starbucks #BrianNiccol #LeadershipChange #CEOAppointment #BusinessNews #CorporateLeadership #Innovation #GrowthStrategy #DigitalTransformation #OperationalExcellence #StockMarket #RetailIndustry #CoffeeCulture

A quick shout out to my founders today being kept awake by their 'competition'. Sleep easy. There would be no PepsiCo without Coca Cola and no Costa without Starbucks. In my experience having competitors is KEY to growing a business. In fact, it may not be possible if you DON'T. Here are my three quick insights into competition. No need to obsess over it, just be happy it's there and use it to move you forward. Justin McGuire Rowen Nadia Astrom Zoe Haydn Jones #competition #founderjourney

Did you know that Howard Schultz once worked as a barista at Starbucks for two years without a salary? His pregnant wife supported them during this time. Talk about dedication! Some fascinating insights about Starbucks' journey: Originally a coffee bean wholesaler, Starbucks transformed after Schultz's trip to Italy in the early '80s. He was inspired by the human connection in Italian coffee bars. When Schultz bought the company in 1987 for $3.8M, it had just 6 stores and a roastery. Yet it boasted an 80% gross margin, with loyal customers visiting up to 18 times monthly. In 1991, a year before the IPO, Starbucks offered 14% of the company to ALL employees. Those $6 shares? Now worth 800 times more (accounting for splits). Fun fact: No one knows who started the tradition of writing customers' names on cups. From beans to a global phenomenon, Starbucks' story is a testament to vision, perseverance, and valuing both customers and employees.

New Starbucks ceo Brian Niccol's just released a message outlining his plan to recover unexpected sales decline of the last two quartes 🥁 🥁 🥁 … ✅ Empowering baristas to take care of customers, giving them the tools and career opportunities they need. ✅. "Get the morning right, every morning," or, essentially, meeting product expectations. ✅. Re-establishing Starbucks as the community coffeehouse, with comfortable seating and thoughtful design. Expect to start hearing "third place" again. ✅. Telling the story of Starbucks, including its coffee expertise, role in communities, and special experience. 👉Back to basics: people people people!

What's New to TheStreet... ☕Starbucks’ New CEO Has Big Plans!🌟 Brian Niccol is taking aim at hectic stores and overwhelming menus as he steps in as Starbucks' new CEO. His goal? To streamline operations, improve order efficiency, and create a more welcoming café experience for everyone. 🛠️✨ What changes would you like to see at Starbucks? Share below!💬⬇️ 👉🏻Follow New To The Street for more! #starbucks #CEO #coffee #culture #cafeexperience #customerexperience #efficiency #innovation #businessupdate #businessnews #business #news #newtothestreet

Starbucks is one of the loved brands across the globe. Placement, pricing, product portfolio and innovation are indeed difficult balance to obtain. Imbalances mostly are triggered by margin pressure.There is competition in the marketplace & how to keep loyalty intact is another area to keep in mind and still achieve a competitive edge. Supply chain & procurement efficiency is critical in this fractured world where volatilities related to agriculture commodities & logistics have to be managed with consistent risk management strategies. Supply chain & procurement has to play a driver's role rather than backend function with a clear philosophy that there are only two functions exit "Sell" & "Help sell" #Coffee #Strategies

What's New to TheStreet... ☕Starbucks’ New CEO Has Big Plans!🌟 Brian Niccol is taking aim at hectic stores and overwhelming menus as he steps in as Starbucks' new CEO. His goal? To streamline operations, improve order efficiency, and create a more welcoming café experience for everyone. 🛠️✨ What changes would you like to see at Starbucks? Share below!💬⬇️ 👉🏻Follow New To The Street for more! #starbucks #CEO #coffee #culture #cafeexperience #customerexperience #efficiency #innovation #businessupdate #businessnews #business #news #newtothestreet