Tag

Coffee Industry

All articles tagged with #coffee industry

food-and-drink14 days ago•1 min saved

National Coffee Day 2026: Chains Pivot to New Products While Home Brewers Score Deep Discounts

On September 29, 2026, major US coffee chains launched promotions for National Coffee Day, though many prioritized new product launches over traditional discounts. Starbucks introduced the Aerocano and mini pies, while Dunkin’ offered free coffee with a purchase. WIRED noted that significant savings are now found in home brewing equipment rather than chain discounts. The National Coffee Association reported that 66% of US adults drink coffee daily, with out-of-home consumption nearing pre-pandemic levels.

via New York Post|

#coffee-industry #consumer-deals #dunkin

business14 days ago•6 min saved

Starbucks closes 250 underperforming North American stores, including three in Wisconsin

Starbucks is closing 250 locations across North America, representing 1% of its 18,000-store network. The closures, announced by COO Mike Grams on September 24, target underperforming sites in cities including Madison, Milwaukee, Seattle, and Southern California. Employees are offered transfers or severance, while the company continues a broader restructuring plan initiated by CEO Brian Niccol.

via Wisconsin State Journal|

#business #coffee-industry #corporate-restructuring

business15 days ago

Starbucks Closes Greenville County Store Amid 250-Location National Cut

A Starbucks location in Greenville County, South Carolina, has closed as part of a broader national reduction of 250 underperforming stores. The closure, announced via a window sign at the 5008 Old Spartanburg Road location, is part of a $300 million restructuring plan. While local outlets report emotional community impacts, corporate officials cite financial performance and customer experience standards as the primary drivers for the cuts.

via FOX Carolina News|

#business #coffee-industry #corporate-restructuring

business15 days ago•2 min saved

Starbucks Shuts 250 North American Stores, Including 36 in Southern California

Starbucks is closing 250 underperforming locations across North America, including 36 in Southern California, as part of a strategic reduction of its store count. The move follows a broader restructuring effort led by CEO Brian Niccol to improve financial performance and customer experience. While the company cites objective performance metrics, union representatives allege the closures may be retaliatory against organized workers, particularly in Eugene, Oregon.

via Los Angeles Times|

#business #coffee-industry #corporate-restructuring

business1 year ago•6 min saved

The Future of Coffee: Trends, Challenges, and Innovations

The coffee industry faces significant challenges due to climate change, pests, and labor shortages, which threaten future coffee production and could lead to higher prices and taste changes. Researchers are exploring resilient coffee species like stenophylla and varieties like robusta to adapt to rising temperatures, while farmers and consumers may need to adjust to new flavors and sourcing practices.

via NPR|

#business #climate-change #coffee-farming

economics1 year ago•7 min saved

Congress Explores Solutions as Coffee Prices Surge Due to Tariffs

Rising coffee prices in the US, driven by tariffs on imports from Brazil and Vietnam, have prompted bipartisan efforts in Congress to repeal these tariffs, which are increasing costs for consumers. The tariffs, part of broader trade disputes and challenged in court, highlight the US's inability to produce enough coffee domestically, making the issue a significant economic and political concern.

via Forbes|

#coffee-industry #coffee-prices #congress-legislation

business1 year ago•1 min saved

Black Rock Coffee Bar Surges 38% After $294 Million IPO

Black Rock Coffee Bar went public, raising $294 million, with its stock soaring 38% on the first day, giving it a market value of about $1.3 billion. The company has expanded to 158 locations across seven states and moved its headquarters to Phoenix, Arizona, reflecting its growth and focus on the fast-growing energy drink coffee market among young consumers.

via OregonLive.com|

#black-rock-coffee-bar #business #coffee-industry

business1 year ago•2 min saved

Keurig Dr Pepper acquires Peet’s Coffee parent in $18 billion deal

Keurig Dr. Pepper plans to acquire JDE Peet’s for $18 billion, creating a new global coffee giant called Global Coffee Co., which will be split from Beverage Co., marking a significant shake-up in the beverage industry and expanding their coffee portfolio with brands like Peet’s, Jacobs, and Keurig.

via Los Angeles Times|

#business #coffee-industry #jde-peets

business1 year ago•2 min saved

Keurig Dr Pepper Approaches $18 Billion Acquisition of JDE Peet’s

Keurig Dr Pepper is nearing an $18 billion deal to acquire European coffee company JDE Peet’s, aiming to strengthen its coffee segment amid flat US coffee sales and strategic overhaul by JDE Peet’s to boost profits. The deal, potentially announced soon, would later see the separation of beverage and coffee operations, reversing a 2018 merger, with both companies focusing on growth and profit targets.

via Bloomberg.com|

#acquisition #business #coffee-industry

business1 year ago•1 min saved

Keurig Dr Pepper Approaches $18 Billion Acquisition of JDE Peet’s

Keurig Dr Pepper is nearing an $18 billion deal to acquire Dutch coffee company JDE Peet's, with plans to separate their beverage and coffee units post-merger, in a move that could reshape the coffee and beverage market.

via CNBC|

#acquisition #business #coffee-industry

business1 year ago•1 min saved

Luckin Coffee Debuts in NYC, Challenging Starbucks

Luckin Coffee, a major Chinese coffee chain, has opened its first US locations in New York City, intensifying competition with Starbucks amid Starbucks' declining US sales and its own rapid growth in China. The new stores feature promotional deals and digital ordering, marking Luckin's strategic push into the US market after its success in China.

via Bloomberg|

#business #coffee-industry #luckin-coffee

business1 year ago•3 min saved

Starbucks CEO Aims for Faster Service and Stable Prices in 2024

Starbucks CEO Brian Niccol is implementing changes to enhance customer experience, focusing on a '30-second rule' for serving brewed coffee quickly. This strategy aims to improve the ordering process and reinforce Starbucks as a 'third place' for customers, emphasizing the experience over the coffee itself. Niccol's approach includes eliminating non-dairy milk upcharges, simplifying the menu, and improving mobile orders, with the goal of revitalizing Starbucks' performance by reducing wait times and uncertainty for customers.

via Inc.|

#brian-niccol #business #business-strategy

business1 year ago•1 min saved

Aerosmith's Joey Kramer Closes Coffee Business

Aerosmith drummer Joey Kramer announced the closure of his organic coffee line, Rockin’ & Roastin’, citing the impact of COVID-19, rising business costs, and personal loss as reasons. Despite his passion for coffee, Kramer decided to shut down the business, which he started in 2012, after struggling to recover from these challenges. He expressed gratitude to his customers and will fulfill all orders received by November 30.

via MetalSucks|

#aerosmith #business #business-closure

business2 years ago•2 min saved

"Ex-Starbucks Exec Takes Helm as Sightglass Coffee Founders Exit"

Sightglass Coffee founders Justin and Jerad Morrison have stepped down, with former Starbucks executive Sharon Healy taking over as CEO. This leadership change follows the company's significant venture capital funding, similar to other local coffee businesses like Blue Bottle and Philz. Healy's corporate background may raise concerns among artisanal coffee enthusiasts.

via The San Francisco Standard|

#business #coffee-industry #leadership-change

business2 years ago•2 min saved

Starbucks Sales Plummet in Unprecedented 11-Day Slump

Starbucks shares have experienced a record 11-day decline, erasing 9.4% of the company's market value, as concerns grow over a slowdown in sales. Third-party sales data suggests a "material slowing" at Starbucks in November, prompting analysts to lower their growth estimates for the first quarter of 2024. Investors are nervous that US comparable sales may fall short of expectations, as credit-card data indicates a slowdown. Sales trends in the snack and coffee industry have also decelerated, with softer trends at Starbucks being a contributing factor.

via Yahoo Finance|

#business #coffee-industry #consumer-weakness