Starbucks

Starbucks is pulling the plug on Odyssey, its Web3 rewards program that gave members access to collectible NFTs. The company updated its FAQ on Friday to let members know that the beta program is closing on March 31, and they have a little over a week left to complete any remaining activities (called journeys). Those will shut down March 25. Users won’t lose their Stamps (Starbucks’ NFTs), which are hosted on Nifty Gateway, but they’ll have to sign up for Nifty using their Starbucks Rewards email to access them there, if…

Steph Kronos, a pro-union activist, tries to talk to Starbucks customers while joining Starbucks workers, former employees and supporters in holding signs in support of a strike, outside of a Starbucks store in Arlington, Virginia, on Nov. 16, 2023.Saul Loeb | AFP | Getty ImagesA group of labor unions said on Tuesday that it was ending its proxy fight at Starbucks, after the two sides agreed last week to work toward a "foundational framework" on collective bargaining."We feel that now is the time to acknowledge the…

Over the years, multinational companies have been appointing top talented execs from India in the highest roles and positions. In sectors, from tech to healthcare, we have seen Indian-origin leaders handling crucial operations in global companies. Today, American cloud computing company Snowflake has appointed Sridhar Ramaswamy as the new CEO. Check out the list of the top 10 Indian-origin CEOs of global companies that aspiring entrepreneurs can emulate. Top 10 Indian-origin CEOsSridhar Ramaswamy: S. Ramaswamy has been…

A Starbucks logo is seen as members and supporters of Starbucks Workers United protest outside of a Starbucks store in Dupont Circle, Washington, D.C., on Nov. 16, 2023.Kevin Dietsch | Getty ImagesStarbucks workers at unionized cafes will receive the pay hikes that their nonunion coworkers first collected in May 2022, a key step as the coffee giant and the union representing some baristas signaled Tuesday that they are working toward breaking a standoff over bargaining.The wage increases are a sign of good faith from…

A coalition of unions is laying out its case against Starbucks ahead of a proxy fight at its annual meeting in March, arguing the coffee giant has implemented a "flawed human capital management strategy" in response to a yearslong union movement.The Strategic Organizing Center claims the situation has put the company at reputational risk, diminishing shareholder returns and isolating customers, based on polling conducted for a shareholder presentation. The coalition is pushing to replace three current Starbucks board…

The exterior of Starbucks' new Union Market locationSource: StarbucksStarbucks has unveiled a new store design focused on accessibility and inclusion, with fresh light fixtures and open floor plans.The coffee giant opened the first location with the new design on Friday in Washington, D.C.'s Union Market."Designing for disabilities is just good design for everybody," said Sara Trilling, president of Starbucks North America.She added that designing a more accessible cafe took about two years and that the company solicited…

Last updated: February 6th, 2024 at 11:39 UTC+01:00 Samsung has announced it has created a unique space for pet owners, coffee lovers, and prospective Galaxy S24 buyers at Starbucks, The Buk Hangang R Branch, in Korea. The so-called Galaxy Studio Pet zone at Starbucks includes different spaces for visitors to try out various Galaxy S24 features and AI tools alongside their pets. One area, called “Agility & Track Zone,” allows visitors to capture Single Take photos of their pets as they cross obstacles on a track.…

People dit at McDonald's outdoor seating after going out on a Saturday night along Rothschild Street on June 11, 2022 in Tel Aviv, Israel. Alexi Rosenfeld | Getty ImagesMcDonald's and Starbucks, two of the biggest U.S. restaurant companies, both said the Israel-Hamas war hurt their sales at the end of last year.Shares of McDonald's fell 4% in morning trading Monday, several hours after it reported that a sales slowdown in the Middle East contributed to its fourth-quarter revenue miss. Starbucks' stock has fallen roughly…

A Starbucks store stands in Manhattan on January 30, 2024 in New York City. Spencer Platt | Getty ImagesWall Street is shaking off Starbucks' weak quarterly report, seemingly taking executives at their word that the company's challenges are "transitory."The coffee giant's stock ticked higher in morning trading, hours after it reported fiscal first-quarter earnings and revenue that missed Wall Street's estimates and lowered its full-year sales outlook. Including Wednesday morning's move, shares have fallen about 13% over…

MIAMI, FLORIDA - JUNE 11: A Starbucks coffee cup sits on a table as the company reported supply shortages at some coffee shops on June 11, 2021 in Miami, Florida. The coffee chain said it had supply shortages for some items due to problems in the supply chain. (Photo by Joe Raedle/Getty Images)Joe Raedle | Getty Images News | Getty ImagesStarbucks on Tuesday reported quarterly earnings and revenue that missed Wall Street's expectations as both domestic and international sales fell short of estimates.CEO Laxman Narasimhan…