The Starbucks app allows users to order drinks and food in advance and pay for them via the app. Customers can also find nearby locations, customize orders and view an estimated time frame for order pickup.
January 13, 2021Today in B2B payments, Billtrust makes its debut on the NASDAQ, while Modern Treasury raises funding for its accounts payable automation technology. Plus, Starbucks introduces small business funding support, Lightspeed ...
January 13, 2021In today’s top news, Visa opted out of its acquisition of Plaid after the DOJ sued over antitrust concerns, and Billtrust is expected to start trading today after completing its ...
January 12, 2021Starbucks announced on Tuesday (Jan. 12) that it is investing $100 million from now through 2025 to support small businesses located in minority neighborhoods.
The aim of the Starbucks Community Resilience ...
December 11, 2020In today’s top news, FinTech startup Tink raised €85 million to bring its valuation to €680 million, and Starbucks plans to shift more toward drive-thru and online ordering. Plus, Airbnb ...
December 10, 2020The pandemic has shifted some business models — permanently. Even those retailers that rely on brick-and-mortar operations are seeing a change in how consumers order and want to pick up what ...
November 4, 2020With federal COVID-19 stimulus programs dried up for the moment and talks to renew them stalled, local communities are looking to fill the void by providing loans to SMBs that ...
October 30, 2020In September PYMNTS reported on findings that “Patrons of restaurants and bars are more likely to contract COVID-19 … according to a survey by the Centers for Disease Control and Prevention (CDC).” About two weeks ...
October 29, 2020Starbucks Corp. reported on Thursday (Oct. 29) as part of its Q4 earnings that comparable-store sales dropped 3 percent in China, with comparable transactions lower by 7 percent, partially offset ...
September 16, 2020Consumers’ appetite for change as to how they feed themselves has been particularly busy of late, pushing Starbucks to sweeten its loyalty offerings to customers and meal kits to rise ...
September 15, 2020The pandemic gave quick-service restaurants (QSRs) incredible motivation to get their digital acts together.
When in-house dining ceased to be an option, QSRs found they needed to pivot to make it ...
September 15, 2020It’s official — you no longer have to use a Starbucks card in order to earn your stars and get free lattes, expressos and other drinks and treats.
The coffee giant ...
August 31, 2020On Tuesday (Sept. 1), Starbucks Corp. is set to begin offering public access to an unprecedented level of data about the bags of coffee it sells, right down to the ...
July 29, 2020In today’s top news, Visa reported mixed Q2 earnings, and Starbucks reported a drop in rewards members in its Q3 earnings. Plus, Mastercard offers concessions over Nets deal to win ...
July 28, 2020Starbucks reported in its third quarter earnings results on Tuesday (July 28) that the ranks of its 90-day active Starbucks Rewards members dropped 5 percent year over year in the ...
July 21, 2020The Starbucks Rewards program that already has loyal customers grabbing extra iced lattes on hot afternoons is about to become even more tempting.
The Seattle-based coffee behemoth said in a Tuesday ...
July 21, 2020Starbucks’ customers in China now have more ways to order drinks.
The Seattle-based coffee chain’s offerings are now available on multiple platforms run by Alibaba Group Holding Ltd., the global technology ...
July 17, 2020Salesforce CEO Mark Benioff wants to see face masks become a universal part of American life — in the same way seatbelts are — to help beat the coronavirus, he ...
July 13, 2020Quick-service restaurants (QSRs) and other food service companies are quickly changing their operations during COVID-19. A number of these enterprises are putting new technologies into place online and in store ...
July 10, 2020Quick-service restaurants (QSRs) and others in the food service space are rapidly adjusting their operations during the pandemic, with many implementing new technologies online and in-store to ensure customers can ...
July 6, 2020 The head of Luckin Coffee Inc. knew or should have known about the accounting misconduct at the Beijing-based java chain, The Wall Street Journal reported.
An internal report has concluded that Charles Lu, ...
June 23, 2020As its stores are reopening across America, Starbucks wants customers to welcome the new day with the Impossible Breakfast Sandwich. The meatless “sausage” and egg offering is joined on the ...
June 15, 2020To say that last week was an active week of news in the restaurant world would be an understatement. First the much-anticipated Uber-Grubhub deal went up in smoke under the threat of antitrust ...
June 11, 2020The digital shift continued to show its dramatic potential to change retailing today, as three companies announced major changes to their business models. No less than Sam’s Club, Starbucks and ...
June 10, 2020As a result of the COVID-19 health crisis, Starbucks anticipates a loss of for its fiscal third quarter as it forecasts a loss in revenue of up to $3.2 billion, ...
June 2, 2020In today’s top news, Starbucks offers a leave of absence option to employees impacted by reduced café hours, and Western Union makes a takeover offer for MoneyGram. Plus, Visa reports ...
June 2, 2020Starbucks is offering its baristas a voluntary leave of absence program for employees impacted by trimmed work schedules amid the COVID-19 pandemic, the company told workers.
In a letter to its ...
May 18, 2020Consumers have turned to online subscriptions to get their caffeine fixes while the bulk of America’s 37,000 coffee shops remain shut down – with the same expectation for customization as ...
May 14, 2020Estimating a loss of $915 million in the second quarter, Starbucks is asking landlords of all of its stores to pardon it for at least a part of rent for ...
May 5, 2020Starbucks locations across the country will soon reopen, with most stores offering pickup and drive-thru service but keeping seating areas closed for now.
Kevin Johnson, chief executive officer of Starbucks, said ...
May 1, 2020OYO Hotels & Homes has named Troy Alstead, who previously served as Starbucks’ COO, as an independent member of its board of directors. The executive will have a “supervisory role” ...
April 28, 2020The year 2020 started strong for Starbucks, CEO Kevin Johnson noted in his call with investors after the firm’s second-quarter earnings hit the wires Tuesday (April 28).
But as the coronavirus ...
April 24, 2020In today’s top news, 19 firms are participating in a pilot program to trial China’s new digital yuan, and the U.S. Treasury ordered public companies to return Paycheck Protection Program ...
April 24, 2020The People’s Bank of China (PBOC) is launching a pilot program to trial its new digital currency yuan with 19 local businesses, including the U.S. chains Starbucks, Subway and McDonald’s.
The ...
April 22, 2020According to ex-Starbucks CEO Howard Schultz, a $1 trillion ‘bridge to a vaccine’ may be the only way to save small businesses from going under.
Schultz said another version of the ...
April 16, 2020Starbucks is planning to move into the “monitor and adapt” stage of the coronavirus pandemic and open some of its stores starting May 4 with new restrictions, according to Chain ...
April 9, 2020In today’s top news, Vroom has arrived at a multi-year deal with Santander Consumer USA for auto financing, and Uber Eats launched its food delivery services for business around the ...
April 9, 2020Starbucks is withdrawing its 2020 outlook as it faces an estimated 46 percent earnings drop for the second quarter, according to multiple reports.
In an open stakeholder letter from Kevin Johnson, ...
March 20, 2020Keeping multiple restaurant locations well-supplied with ingredients requires precise understandings of different venues’ needs and careful logistics coordination. Inability to track and predict inventory usage can result in shortages that ...
March 16, 2020Select Starbucks mobile app customers are now seeing a payment choice of “Bakkt Cash,” CoinDesk reported.
A spokesperson for Starbucks told the outlet, “We are currently conducting a limited test for ...
March 16, 2020The coronavirus could have far-reaching effects on coffee shops, retail stores and restaurants. Here are the latest updates on the coronavirus around the world.
Starbucks has moved to a takeout format for a ...