-
Starting November 7, Starbucks will no longer charge extra for non-dairy milk substitutions in the U.S. and Canada. This decision, announced by CEO Brian Niccol, aims to enhance customer experience amid declining sales and increased competition. The change coincides with the launch of the holiday menu, which has been delayed this year.
-
Starbucks is implementing a strict hybrid work policy requiring corporate employees to be in the office three days a week, with potential job loss for non-compliance. This move, led by new CEO Brian Niccol, aims to improve operational efficiency amid declining sales. The policy will take effect in January 2025.
-
Wendy's announced it will close 140 underperforming restaurants by year-end, following a review of its locations. This decision comes as part of a strategy to enhance profitability and prepare for future expansion, with plans to open 250 to 300 new locations in 2024.
-
McDonald's is grappling with an E. coli outbreak linked to its Quarter Pounder burgers, resulting in one death and 75 illnesses across 13 states. The company has temporarily removed the burgers from menus and is working to restore consumer confidence while facing declining sales and lawsuits from affected customers.
-
TGI Fridays has filed for Chapter 11 bankruptcy in Texas, citing significant financial challenges exacerbated by the COVID-19 pandemic. The company aims to restructure while keeping its 39 owned restaurants operational. The casual dining sector faces increasing challenges as consumer preferences shift towards faster food options.
-
Starbucks CEO Brian Niccol announced significant changes to enhance customer experience, including baristas writing names on cups and eliminating fees for plant-based milk. These updates come amid disappointing sales and a need to revitalize the brand's appeal.