PYMNTS-MonitorEdge-May-2024

starbucks

Starbucks Corporation is an American coffee company and coffeehouse chain. Starbucks was founded in Seattle, Washington in 1971. As of early 2019, the company operates over 30,000 locations worldwide.

Source: starbucks.com

Starbucks’ DoorDash Expansion Showcases Necessity of Omnichannel Availability for QSRs 
Starbucks’ DoorDash Expansion Showcases Necessity of Omnichannel Availability for QSRs 
January 17, 2023  |  Mobile Commerce

Starbucks’ DoorDash partnership, which came after years of the coffeehouse chain holding out, is expanding. The quick-service restaurant (QSR) giant first announced its deal with the aggregator in...

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Inflation Takes Its Toll on Starbucks, QSR Loyalty Programs
Inflation Takes Its Toll on Starbucks, QSR Loyalty Programs
January 03, 2023  |  Loyalty & Rewards

Starbucks and major restaurant chains are rethinking their loyalty program strategies amid worsening economic conditions. The coffeehouse chain, the world’s largest restaurant brand by revenue,...

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Restaurants Hiring Even as QSRs Automate to Shrink Labor Costs
Restaurants Hiring Even as QSRs Automate to Shrink Labor Costs
December 27, 2022  |  Restaurant innovation

Even while restaurants’ hiring recovers, McDonald’s and other brands are automating to reduce headcount and labor costs. That restaurant hiring might lead to problems. This,...

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Restaurants Tap New Rewards Programs to Drive Deeper Consumer Loyalty
Restaurants Tap New Rewards Programs to Drive Deeper Consumer Loyalty
December 13, 2022  |  Loyalty & Rewards

As restaurants compete for consumers’ loyalty, many are looking beyond the typical earn-and-burn rewards programs. For instance, Starbucks, the largest restaurant company in the world,...

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Target’s Curbside Pickup Pact With Starbucks Demonstrates Cross-Selling Potential
Target’s Curbside Pickup Pact With Starbucks Demonstrates Cross-Selling Potential
November 28, 2022  |  Partnerships

Target is adding Starbucks products to its curbside pickup business. The retail giant stated Wednesday (Nov. 23) that is expanding its rollout of the option...

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China’s Zero-COVID Policies Test Global Brands’ Resilience
China’s Zero-COVID Policies Test Global Brands’ Resilience
November 28, 2022  |  Retail

Three years in, China continues to weather fallout from the pandemic. And that fallout, as lockdowns and civil unrest wrack an already volatile economy, may...

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Restaurants First to Go When Shoppers Cut Holiday Spending
Restaurants First to Go When Shoppers Cut Holiday Spending
November 23, 2022  |  Consumer Finance

For consumers looking to reduce their spending this holiday season as prices continue to rise, dining out is the indulgence that they are most ready...

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Starbucks Claims $181M in Revenue From Unused Gift Cards and Loyalty Credits
Starbucks Claims $181M in Revenue From Unused Gift Cards and Loyalty Credits
November 16, 2022  |  Earnings

Starbucks reportedly claimed $181 million in revenue from money on gift cards and loyalty accounts that customers didn’t spend in fiscal year 2021 — a...

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Dutch Bros, Starbucks Report Drive-Thru Gains While McDonald’s Sees Weakness
Dutch Bros, Starbucks Report Drive-Thru Gains While McDonald’s Sees Weakness
November 10, 2022  |  ResTech

Across the restaurant industry, brands including Dutch Bros and Starbucks are seeing their drive-thru sales increase, with the stark exception of quick-service restaurant (QSR) giant...

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