World Central Kitchen’s Post

Hey Starbucks! I certainly can’t blame why I left on this outgoing CEO (Laxman Narasimhan) - he came in after the fact. But, certainly, the consecutive ~50c jumps in price didn’t exactly win me over. Seemingly every time I bought a coffee, it went up that much (I even used to comment jokingly on it to the baristas). Nor did it help support my continued patronage that the membership card was invalid just across the causeway, or even at Changi airport! Granted, that is not unique to Starbucks. I have a similar bugbear with Subway and Amazon: for membership on a tiny island like this, it hardly seems rational or fair that the membership privileges are restricted to national borders. Compare that utility to such membership in any other country… Subway was, to my mind, worse, of course, with (from what I was told) multiple franchisees meaning that membership at one Subway didn’t work at another even in the same country! But, what killed it for me with Starbucks was having my gold card stripped because I wasn’t buying enough coffee - during the Covid lockdown! When I pointed out the absurdity of this to Starbucks here, I was told to just buy enough coffee to make up the points (basically ALL of the points) in the next couple of months and it’d be restored! That was close to year-end and still under Covid restrictions… Then we have the fact that the “recipes” kept changing (the coffee taste got worse in my opinion), the cakes etc were (again, in my personal view) generally quite awful, stale and overpriced…but, we also even have memes purporting that a Vente and a Grande hold the same volume (I never tried the experiment, but what a horrible bit of social media)…and the business guru chants about Starbucks being more of a bank than a coffee joint…and the whole internet debate about the uncontrolled caffeine addiction concept of the melusine/siren logo… So, a bit of a rant, but in a nutshell: Starbucks has and has had problems beyond and before this CEO, and I’m unsure if the Chipolte (Brian Niccol) method is gonna help… “Reach out and touch faith”, sang Marilyn Manson. I say “reach out and pay me” (or, at least some of your once loyal bottoms-on-seats-lips-on-cups coffee fans) and ask us! We might actually know more about some stuff than your new or old leaders…certainly, we’d have a valuable alternate view for the chain to consider…

Within 4 years, Starbucks grew from 20 locations to over 100. The rest is history. It all began with: Three friends, Jerry Baldwin, Gordon Bowker, and Zev Siegl, opened a small store in Seattle to sell coffee equipment and brews. They named it after a character from Moby Dick, Starbuck, aiming to offer better coffee than the cheap, weak stuff everyone else had. To keep the store running, Baldwin and Bowker kept their day jobs while Siegl worked in the store. With help from coffee expert Alfred Peet, they began selling fresh coffee beans and learned to roast their own. Their focus on quality made them stand out. By the early 1980s, they had four stores in Seattle. Siegl left in 1980, and Howard Schultz joined as head of marketing. After a trip to Italy, Schultz envisioned Starbucks as a cozy café. Baldwin and Bowker disagreed, wanting to stick to selling coffee equipment and blends. Schultz left to start his own company, Il Giornale. In 1987, he bought Starbucks and merged the two companies. PS - As you build your business, watch the market and understand demand. Starbucks succeeded by offering fresh, flavorful coffee and adapting to change. Don’t fear change—embrace it to stay ahead of the competition. #starbucks #smallbusinessowners #sbm #smallbizmaketing

For The Love Of Coffee (!!) -- Inconsistent and even poor service and they elected to gouge customers with price increases because they could (for a time). Now, Starbucks has enabled competitors to creep in, including inspiring more stay-at-home brewing. Does this sound familiar to other businesses now paying or will pay the piper for lack of customer focused cultures? Yes, the short term CEO should have focused on fixing the problems that, ahem, were created by Schultz, who, ironically, is now bashing the short-termer, but I digress. The point - be customer obsessed and put them first always. The profits will always be there in the end. #Starbucks #MindYourBusiness #BeCustomerObsessed #ForTheLoveOfCoffee

It looks like Starbucks has lost its caffeine jolt Roughly 3 years ago, Starbucks hit an all-time high of around $130 per share. Today, the stock trades in the high $70s. Last week, it was revealed that activist investor, Elliott Management, has taken a sizable stake in the company. Starbucks is the largest coffee company in the world based on locations and sales, but is currently struggling with a slowdown in visits based on numbers released for April. The profits are also falling because of additional promotional activity and wages that have increased. These two items have reduced income, but the higher prices and a slowdown in service has caused less people to visit Starbucks. The reported slow speed of service during the morning rush has led many Starbucks patrons who ordered on the app to give up on their order because of long waits and items they requested were not available. Starbucks has been testing new food and beverage options such as energy drinks, but I believe they are missing the problem. The customers want what they want when they order and they want it fast. I do believe the Starbucks of yesterday is gone as the unions have pushed to get into their stores since 2021. I don’t think there’s much Elliot Management can do and I think the best days for Starbucks are now in the past. #starbucks #consumers #caffine #coffeshop #investing #investors #stocks #stockmarket #economy

It looks like Starbucks has lost its caffeine jolt Roughly 3 years ago, Starbucks hit an all-time high of around $130 per share. Today, the stock trades in the high $70s. Last week, it was revealed that activist investor, Elliott Management, has taken a sizable stake in the company. Starbucks is the largest coffee company in the world based on locations and sales, but is currently struggling with a slowdown in visits based on numbers released for April. The profits are also falling because of additional promotional activity and wages that have increased. These two items have reduced income, but the higher prices and a slowdown in service has caused less people to visit Starbucks. The reported slow speed of service during the morning rush has led many Starbucks patrons who ordered on the app to give up on their order because of long waits and items they requested were not available. Starbucks has been testing new food and beverage options such as energy drinks, but I believe they are missing the problem. The customers want what they want when they order and they want it fast. I do believe the Starbucks of yesterday is gone as the unions have pushed to get into their stores since 2021. I don’t think there’s much Elliot Management can do and I think the best days for Starbucks are now in the past. #starbucks #consumers #caffine #coffeshop #investing #investors #stocks #stockmarket #economy

It looks like Starbucks has lost its caffeine jolt Roughly 3 years ago, Starbucks hit an all-time high of around $130 per share. Today, the stock trades in the high $70s. Last week, it was revealed that activist investor, Elliott Management, has taken a sizable stake in the company. Starbucks is the largest coffee company in the world based on locations and sales, but is currently struggling with a slowdown in visits based on numbers released for April. The profits are also falling because of additional promotional activity and wages that have increased. These two items have reduced income, but the higher prices and a slowdown in service has caused less people to visit Starbucks. The reported slow speed of service during the morning rush has led many Starbucks patrons who ordered on the app to give up on their order because of long waits and items they requested were not available. Starbucks has been testing new food and beverage options such as energy drinks, but I believe they are missing the problem. The customers want what they want when they order and they want it fast. I do believe the Starbucks of yesterday is gone as the unions have pushed to get into their stores since 2021. I don’t think there’s much Elliot Management can do and I think the best days for Starbucks are now in the past. #starbucks #consumers #caffine #coffeshop #investing #investors #stocks #stockmarket #economy

📉☕️ Starbucks Takes a Hit of $11 Billion Amidst Sales Woes and Boycotts! ☕️📉 Dive into the buzz surrounding Starbucks' financial setbacks and controversies. What went wrong for the coffee giant? Find out in this eye-opening article: https://lnkd.in/gwMABN8a #Starbucks #FinancialWoes #Controversies #BusinessNews #CoffeeDrama 🌐💼

As top chains like McDonald's, Starbucks, and KFC report declining U.S. sales due to reduced consumer spending, loss prevention has never been more important – it can help cut costs in areas of lost profits, and allow you to provide better deals for customers. 🍔 📢 McDonald's CEO Chris Kempczinski mentions “there were also factors within our control that contributed to our underperformance, most notably our value execution.” DTiQ solutions ensure that every dollar spent translates into value, making us the partner you need to optimize performance, profits, and drive customers to your business. https://hubs.li/Q02McxBT0 Source: https://hubs.li/Q02McFrh0 #restauranttechnology #fastfood #QSRtechnology

Bounceback story of Starbucks In late 90s and early 2000s starbucks expanded rapidly and they devaited from their core business value of quality and customer experience. It resulted in low sales an after 2008 market crash the future of starbucks was uncertain. Then entry hoti hai Howard Schultz (CEO & Founder of Starbucks) ki.. Here are certain things they did to revive starbucks.. 1. Starbucks trained batistas. 2. Starbucks started procuring high quality coffee beans. 3. Closed stores which were not performing well. 4. Introduced new products and heavily invested in their app for fast and smooth service. 5. Started reward program for customer retention. Now once again they did it. they were able to gain the trust of customers. #Starbucks #coffee #business

Starbucks just brewed a major shakeup! With Laxman Narasimhan out, Brian Niccol of Chipotle fame steps in as the new CEO. Will Niccol's magic work for Starbucks too? Check out the dramatic shifts brewing at the coffee giant! Read more here. https://lnkd.in/eDVTfmbW "Brian Niccol has proven time and again that he can turn around a struggling brand." ☕️📈 #Starbucks #BusinessLeadership #CEOChange #BrianNiccol #CoffeeCulture #BusinessStrategy