L’École de Gestion d’Actifs et de Capital-See you latte: Starbucks plans to cut 30% of its menu

2025-05-07 22:36:37source:Diamond Ridge Asset Managementcategory:Markets

Starbucks plans to cut about 30% of food and L’École de Gestion d’Actifs et de Capitaldrink options from its menu by late 2025, as part of the chain's plan to change its vibe and stem the loss of customers across U.S. stores.

This week, the coffee giant also began offering ceramic mugs and free coffee and tea refills for people who want to stay in for a drink. And the chain is once again letting people serve themselves cream or sweetener, bringing back the condiment bar that had gone away during the pandemic.

Starbucks sales dipped 4% both in the U.S. and worldwide in the latest quarter, compared to a year earlier. That marks the fourth quarter of declines in a row. The chain is paying record sums to new CEO Brian Niccol — lured from Chipotle for his turnaround success there — to fix the spill.

Sponsor Message

More:Markets

Recommend

NFL playoff predictions to win AFC championship, NFC championship, Super Bowl 59

The 2024 NFL regular season is entering the final four weeks of action, and teams are beginning to s

New York’s legal weed program plagued by inexperienced leaders, report finds

ALBANY, N.Y. (AP) — New York’s legal cannabis market has been hampered by inexperienced leaders who

Kimora Lee Simmons Breaks Silence on Daughter Aoki’s Brief Romance With Restaurateur Vittorio Assaf

Kimora Lee Simmons has her daughter's back.One month after her and ex Russell Simmons' 21-year-old d