Starbucks is implementing a drastic $1 billion restructuring plan under CEO Brian Niccol, marking the latest and most significant attempt to reverse six consecutive quarters of declining same-store sales. The strategy, which includes closing 500 underperforming stores and a major operational simplification, aims to refocus the global coffee giant on its core identity amid intense competition and shifting consumer habits. This move underscores the profound challenges facing a brand once synonymous with unstoppable growth.
about Starbucks $1B Restructuring: Can Niccol Fix Coffee Giant?
BROS
Wall Street Focus on PCE Inflation GDP Data and Nvidia Earnings
In the upcoming week, attention will be on key economic indicators, including the PCE Price Index and the second estimate for Q4 GDP, alongside personal income and spending reports. Nvidia is set to report its fourth-quarter earnings, with other major companies like Home Depot and Salesforce also in focus. The S&P 500 and Nasdaq Composite experienced declines, reflecting concerns over a drop in US services activity and consumer sentiment.
about Wall Street Focus on PCE Inflation GDP Data and Nvidia Earnings