United States | News & Politics

1922 readers

592 users here now

Welcome to !usa@midwest.social, where you can share and converse about the different things happening all over/about the United States.

If you’re interested in participating, please subscribe.

Rules

Be respectful and civil. No racism/bigotry/hateful speech.

Post anything related to the United States.

founded 2 years ago

MODERATORS

simsymbiote@midwest.social

Type1@midwest.social

Starbucks shares slide after coffee chain says sales fell again, suspends outlook (www.cnbc.com)

submitted 3 weeks ago by pelespirit@sh.itjust.works to c/usa@midwest.social

2 comments fedilink hide all child comments

For the third consecutive quarter, Starbucks’ same-store sales fell. This quarter’s 7% decline in same-store sales was the company’s steepest drop since the Covid-19 pandemic.

The company blamed its soft sales on weaker demand in North America. In its home market, its same-store sales decreased 6%. Traffic tumbled 10%, despite increased investments in the business, such as more frequent promotions in its mobile app and an expanded range of product offerings.

In China, its second-largest market, same-store sales plummeted 14%. The company attributed the decline to competition in the country, which it said is altering consumer behavior and changing the company’s strategy for the market.

top 2 comments

sorted by: hot top controversial new old

[–] pelespirit@sh.itjust.works 12 points 3 weeks ago* (last edited 3 weeks ago)

Huh, what could it be? They're shitty to their employees, they're union busting and their CEO commutes by private plane, lol. Their former CEO was a shitty, shitty republican. Who do they think buys expensive coffee? Not rural America.

[–] StarlightDust@lemmy.blahaj.zone 2 points 3 weeks ago

Maybe bombing Palestine isn't as popular as the aristocratic CEOs think it is after all.