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Starbucks poaches Nordstrom CFO as executive shake-up continues
Starbucks announced Tuesday that Nordstrom CFO Cathy Smith will join the company as its new chief financial officer, replacing longtime veteran Rachel Ruggeri.NBC News - 6h -
Starbucks poaches Nordstrom CFO as executive shake-up continues
Nordstrom Chief Financial Officer Cathy Smith will join Starbucks, replacing its current CFO Rachel Ruggeri.CNBC - 3h -
In Turnaround Mode, Starbucks Names Nordstrom’s Cathy Smith as CFO
The veteran retail executive joins a C-suite team picked by CEO Brian Niccol to revitalize the coffee chain.Inc. - 5h -
Please Don’t Make the Starbucks Mistake
By trying to please everyone—including freeloaders—the coffee company ultimately began alienating the paying customers.Inc. - Feb. 25 -
Nordstrom posts better-than-expected earnings ahead of going-private transaction
The company is not offering guidance for 2025 or hosting an earnings call, as it prepares to go private.MarketWatch - 8h -
Starbucks to cut 1,100 jobs in latest streamlining move
Starbucks Corp. is cutting 1,100 support partner roles as well as several hundred additional open positions as it works to streamline its structure by removing layers and duplicate roles.MarketWatch - Feb. 24 -
Starbucks to Lay Off 1,100 Corporate Workers
The jobs cuts, which will affect about 7 percent of the chain’s non-retail staff, are part of its new chief executive’s plan to win back customers.The New York Times - Feb. 24 -
Starbucks is struggling to grow sales in China. Here's why
Starbucks is facing competition from lower priced alternatives while the Chinese consumer is under increased economic pressure.CNBC - 6d -
Mira Murati’s Startup Launches, Poaching at Least 20 OpenAI Employees From Her Former Workplace
Two-thirds of the staff at Thinking Machines Lab came from OpenAI, where the founder was once chief technology officer.Inc. - Feb. 20 -
Will Starbucks’s Turnaround Be Successful? It All Comes Down to 1 Sentence
CEO Brian Niccol is trying to turn around Starbucks. Is his best bet following the Barnes & Noble playbook?Inc. - Feb. 22 -
Starbucks to lay off 1,100 corporate workers as sales sag
Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO Brian Niccol said Monday.NBC News - Feb. 24 -
Starbucks to lay off 1,100 corporate workers as sales sag
Starbucks made the layoff announcement after four straight quarters of falling same-store sales.CNBC - Feb. 24 -
Starbucks axes some drinks and staff in bid for US turnaround
Menu items getting the axe in the US include the Royal English Breakfast Latte.BBC News - Feb. 24 -
Starbucks Slashes 1,100 Corporate Jobs as Chain Pushes Turnaround Effort
The coffee chain has shuffled senior leadership, trimmed its menu, and is doing non-barista layoffs as it seeks to return to a growth trajectory.Inc. - Feb. 24 -
Starbucks is laying off 1,100 workers and cutting drinks from its menu
Starbucks said the layoffs and slimmed down menu will help stores operate more efficiently.CBS News - Feb. 24 -
Starbucks asks office workers to stay at home as it announces 1,100 job cuts
Corporate lay-offs are the first for coffee shop chain since 2018Financial Times - Feb. 24 -
Starbucks to lay off 1,100 employees and cut drinks from its menu
Starbucks is planning to layoff 1,100 employees at the corporate level. The coffee chain is also slashing about 30% of its menu. CBS News MoneyWatch correspondent Kelly O'Grady has more on what's ...CBS News - Feb. 25 -
Starbucks' drink menu is changing. Here's what it's removing and why.
Starbucks is removing these beverages from its drinks menu. Here's why it's making the new changes.CBS News - Feb. 25 -
Why Starbucks’ new CFO bodes well for coffee chain’s turnaround
Cathy Smith’s “wide bandwidth of experience could serve the company well,” a William Blair analyst noted, “despite her lack of specific restaurant industry knowledge.”MarketWatch - 4h -
Starbucks removing over a dozen drinks from its menu next week: Here's the list
The coffee giant has announced that it is removing 13 less popular drinks on March 4.The Hill - Feb. 24