Starbucks to add 22K stores over next five years
December 10, 2020
Starbucks sees plenty of room to grow its store footprint moving forward and will seek to exploit its digital strengths with more drive-ins and curbside pickup locations. “As we introduce more efficient formats, we’re reducing the long lines that sometimes occur in metro locations, unlocking more sales,” said Roz Brewer, Starbucks COO.
Recent News
TikTok Suspends TikTok Lite Rewards Program in the EU
A TikTok service offering rewards such as gift vouchers for watching videos has been suspended by the social media site.
FCC Votes To Restore Net Neutrality Rules
The Federal Communications Commission (FCC) voted 3-2 on Thursday to reinstate net neutrality rules that were rolled back during the Trump administration.
Blackstone To Buy Tropical Smoothie Cafe
Alternative asset manager Blackstone is set to buy the restaurant chain Tropical Smoothie Cafe.
Ford’s Total EV Sales Post $1.3 Billion Loss in Q1
Ford’s EV division, known as Model e, faced a tough start to 2024.