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☆ Starbucks just had a ‘disappointing’ quarter. Here’s how it plans to turn things around
▼ + stars: | 2024-05-01 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Starbucks is brewing a turnaround plan that involves speedier service and expanding the number of promotions after its most recent quarter was “disappointing,” in the words of its own chief executive. “Let me be clear from the beginning, our performance this quarter was disappointing,” said CEO Laxman Narasimhan on the earnings call. Same-store sales in the United States fell 3%, a sharp reversal from the same quarter a year ago, when they grew 12%. In China, the chain’s second-largest market, sales fell a staggering 11%, with the company blaming competition from “value players” in the country. Starbucks is now forecasting revenue to grow in the low single digits, a steep decline from its previous forecast of 7% to 10%.

Persons: ”, Laxman Narasimhan, ” Narasimhan, “ Headwinds, Narasimhan Organizations: New, New York CNN, Starbucks, East, Alshaya Locations: New York, United States, China, Gaza

☆ How T.J. Maxx's polarizing food aisle lures shoppers into spending more
▼ + stars: | 2024-02-11 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

Some shoppers are skeptical about T.J. Maxx's food aisle and whether the products are good quality. AdvertisementThe internet doesn't know what to make of T.J. Maxx's food aisle. T.J. Maxx sources from vendors you've probably never heard ofGo to your local T.J. Maxx and chances are you'll find an aisle lined with pink Himalayan salt grinders, bottles of coffee syrup, and boxes of gourmet chocolates. Maxx's food is an "unplanned extra" that catches her eye on the way to the checkouts, she said. Maxx's food is an "unplanned extra" that catches her eye on the way to the checkouts.

Persons: Maxx, —, TikTok, It's, Grace Dean, Aneesha Sherman, Bernstein, Sherman, Fiona Fitzpatrick, Fitzpatrick, T.K, they've, Maxx doesn't, you've Organizations: Service, Maxx, Business Locations: Maxx, Spain, British

☆ An ex-finance trader launched a mobile coffee business and grew its sales by over 550% — she shares the 3 strategies that made her truck a household name in Phoenix
▼ + stars: | 2024-02-05 | by ( Bella Sayegh | ) www.businessinsider.com time to read: +8 min

Devon McConville is a former day trader who owns First Place Coffee, a Phoenix-based coffee truck. Now, McConville runs a beloved fixture of the Phoenix drink scene: First Place Coffee, a coffee vendor on wheels. First Place Coffee serves specialty coffee and espresso drinks from a 1970 Chevy P10 truck that regulars know as "Matilda." "I really had this vision to really create a community around a mobile coffee business," McConville said. "It seems really small, to own and operate a mobile coffee business, but I think it really has a large effect that radiates out from it," McConville said.

Persons: Devon McConville, McConville, —, Matilda, Alexandra Cocca McConville, Terrence Murtagh, Murtagh, Elizabeth Chung, Chung, Instagram, Bella Sayegh, Austin Hogland, they've, Kaytee Hogland, We're, she's Organizations: Service, Coffee, BI Locations: Devon, Phoenix, Austin

☆ Starbucks is doubling down on its olive oil-infused coffee despite a barrage of bad reviews and online hate
▼ + stars: | 2024-01-30 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Starbucks is massively expanding its rollout of Oleato, its olive oil-infused coffee range. AdvertisementStarbucks is rolling out Oleato, its olive oil-infused coffee range, to all stores in the US despite mixed reviews. They're also available at some Starbucks stores in Canada, London, Paris, Osaka, and Tokyo, as well as a more extensive range at US Starbucks Reserve stores. Starbucks founder Howard Schultz introduced the range after mixing olive oil with his Starbucks coffee in Sicily, where the oil is a key component of the Mediterranean diet. A nutritionist told CNN that combining a high-fat substance, like olive oil, with coffee can have a laxative effect.

Persons: —, They're, Howard Schultz, Schultz, TikToker, Phoebe Hunt, barista, they're Organizations: Starbucks, Service, Starbucks Reserve, Wall Street, CNN, Business Locations: Italy, Canada, London, Paris, Osaka, Tokyo, Sicily

☆ 5 sources of hidden calories in your food, which could explain why you've put on weight but don't know why
▼ + stars: | 2024-01-27 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +4 min

AdvertisementWhether you count calories or not, the unit of energy plays a role in weight loss, gain, and maintenance. AdvertisementGraeme Tomlinson , a personal trainer and fat loss coach, shared five examples of "hidden calories" in food and drink that you may not be aware of. A tablespoon of cooking oil contains around 140 calories, but using a smaller amount, about five milliliters, you can still lubricate your pan for around 45 calories, Tomlinson said. High-fat meat"The cuts of meat you regularly consume can also have a huge say on your fat loss progress," Tomlinson said. For example, 200 grams of 20% fat beef mince contains around 504 calories but the same amount at 5% contains 248 calories.

Persons: —, you've, Graeme Tomlinson, Tomlinson Organizations: Service

☆ How Stanley went from making sturdy bottles for laborers to becoming an 'it' status symbol, and causing chaos at Target stores across the US
▼ + stars: | 2024-01-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +10 min

"Every time we linked it, it would sell out so quickly," LeSueur told The New York Times. The Buy Guide had to pay for warehouse space and shipping and handling fees, but was allowed to keep the profits, The Times reported. "It was a big risk," LeSueur told CNBC. AdvertisementThe Buy Guide placed another wholesale order for 5,000 – and they sold out in an hour, Retail Dive reported. Reilly told CNBC that Stanley was making more products available with each drop but still wanted "a little bit of scarcity" to create a buzz.

Persons: —, Stanley, They've, Alphas, William Stanley Jr, Grace Dean, restocking, Ashlee LeSueur, Taylor Cannon, Linley Hutchinson —, LeSueur, Emily Maynard, Maynard, Terence Reilly, Reilly, he'd, Crocs, Frederic J . Brown, TikTokers, Bon Appétit, Stanley's Quenchers, Lainey Wilson, aren't, Gen Zers, Alpha, Casey Lewis, Lewis, –, Zers, they'll, Grace Mary Williams, it's, Kaitlin Gostel, Barnes, Noble, Harry Potter, Gostel, I've Organizations: Service, Business, Instagram, New York Times, CNBC, Times, The Times, Wall Street, Getty, Target, Starbucks Locations: Brooklyn, workdays, Crocs, AFP, Pendleton

☆ Reese Witherspoon eating snow disturbed people. She would like a word
▼ + stars: | 2024-01-22 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Reese Witherspoon making a drink with snow left some people cold. “The Morning Show” star recently posted a TikTok video in which she had some fun with some new fallen snow. I just want to see if it’s safe to eat first.”So many people complained that in a followup video, Witherspoon did just that. “Am I not supposed to eat snow? “Ok, so we’re kind of in the category of, like, you only live once,” Witherspoon said in a followup video.

Persons: CNN — Reese Witherspoon, Witherspoon, ” Witherspoon, “, didn’t, ” Organizations: CNN

He started making money on the app by offering fishing baits through TikTok Shop, selling around 92 strawberry- and sweet-corn-flavored "little bitz," for instance. "TikTok product violations are nearly enough to make me walk away," one merchant who sells children's products on TikTok Shop told BI. TikTok Shop officially launched in the US in September after months of testing and previous rollouts in other countries like the UK and Singapore. But lately, its AI detection system has run amok, Shop sellers told BI. Several TikTok Shop merchants told BI that it felt like submitting a ticket through the creator center felt like a dead end.

Persons: Joel, livestreaming, TikTok, Sellers, Jessica Slone, Anastasia Wesselink Moellering, Etsy Organizations: Business, TikTok Shop, Singapore, Bloomberg, TikTok, Shopify Locations: Chicago

☆ Pricey lattes helped boost Starbucks sales
▼ + stars: | 2023-11-02 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

New York CNN —Extra shots, cold foam, oat milk and sugary syrups — coffee snobs might turn their noses up at Starbucks’ custom, often wildly indulgent, lattes and cappuccinos. High-priced lattes and customized drinks helped lift the coffee chain’s US sales in the quarter ending on October 1, the company said Thursday. In North America, sales at Starbucks-operated stores open at least 13 months jumped 8% in the quarter, driven mostly by people spending more per visit. Starbucks’ financial results beat Wall Street’s expectations, sending shares of the company up about 11% Thursday. But as Starbucks customers are shelling out more for ever-more elaborate drinks, other consumers are pulling back.

Persons: Rachel Ruggeri, Ruggeri, Laxman Narasimhan, “, ”, we’ve, Taco Bell, McDonald’s, Narasimhan, we’re Organizations: New, New York CNN, Starbucks, ”, Investors Locations: New York, North America, China

☆ CVS Pulls Certain Cold Medicines From Shelves and Will Stop Selling Them
▼ + stars: | 2023-10-19 | by ( Jared S. Hopkins | ) www.wsj.com time to read: 1 min

CVS operates more than 9,000 retail locations and 1,100 walk-in clinics nationwide. Photo: Ted Shaffrey/Associated PressCVS Health is pulling some of the most common decongestants from its shelves and will no longer sell them, after advisers to U.S. health regulators recently determined that an ingredient doesn’t work. The products contain oral phenylephrine, an almost-century-old ingredient in versions of decongestants and over-the-counter pills, syrups and liquids to clear up congested noses.

Persons: Ted Shaffrey Organizations: CVS, Press CVS Health

☆ Teens love Starbucks for these 4 reasons
▼ + stars: | 2023-10-12 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

American teens have an enduring love for Starbucks. The coffee chain has consistently ranked high in a semiannual survey of teens' favorite brands. It offers four things that teens love: a place to hang, cold coffee, customization, and mobile ordering. "Starbucks gaining slightly among upper income and all teens points to its grasp on teen consumer trends." Starbucks is notably more popular among wealthy teens, of which 16% ranked it as their favorite, but 12% of average-income teens also told Piper Sandler it was their preferred restaurant chain.

Persons: —, Piper Sandler, Brian Mullan, it's, Brady Brewer, Brewer Organizations: Starbucks, Service

"Its permission to make products using propylene glycol (PG) is cancelled, and it is allowed to make and sell all other products." The Marion factory in Uttar Pradesh was closed in March, after an analysis last year by Uzbekistan's health ministry of two cough syrups made by Marion, Ambronol and DOK-1 Max. India's pharmaceuticals department told parliament that tests had also shown that a sample of propylene glycol (PG), an ingredient of cough syrups taken from Marion's factory contained EG. Reuters has reported that DEG and EG have been used by unscrupulous actors as a substitute for propylene glycol because they are cheaper. Uzbek state prosecutors told a court in Tashkent that distributors of the contaminated Marion syrups paid officials a bribe of $33,000 to skip mandatory testing there.

Persons: Anushree, Shashi Mohan Gupta, Gupta, Rajeev Singh Raghuvanshi, Marion, syrups, Marion syrups, Krishna N, Saurabh Sharma, Clarence Fernandez Organizations: Marion Biotech, Emenox, REUTERS, Reuters, World Health Organization, WHO, EG, Thomson Locations: Uzbekistan, Noida, India, DELHI, Uttar Pradesh, Gambia, Cameroon, Marion, Ambronol, Tashkent

Poli Devi, whose 11-month-old daughter Janvi was among the children who died due to kidney injury after consuming contaminated cough syrup, holds a photo of her at their house in Ramnagar on the outskirts of Jammu, India, March 28, 2023. REUTERS/Anushree Fadnavis/File Photo Acquire Licensing RightsNEW DELHI, Oct 4 (Reuters) - India's drug regulator has found that a cough syrup and an anti-allergy syrup made by Norris Medicines (NORI.BO) are toxic, according to a government report, months after Indian-made cough syrups were linked to 141 children's deaths worldwide. Koshia said Norris used to export the cough syrup, but did not say where. "We are aware of the CDSCO report and have communicated with that agency to ascertain where the products... have been exported," said a WHO spokeswoman. The CDSCO also found three batches of COLD OUT syrup made by Fourrts (India) Laboratories contaminated with DEG and EG.

Persons: Poli Devi, Janvi, Anushree, Koshia, Norris's, Norris, Vimal Shah, S.V, Veeramani, Adani Wilmar, Krishna N, Jennifer Rigby, Andrew Heavens, Nick Macfie, William Maclean Organizations: REUTERS, Norris Medicines, Central Drugs Standard Control, EG, Drug Control Administration, Reuters, World Health Organization, WHO, Laboratories, World Health Organisation, Fourrts, Pharmaceuticals Export, of India, Thomson Locations: Ramnagar, Jammu, India, DELHI, Gambia, Uzbekistan, Cameroon, Gujarat, Fourrts, Iraq, pharmexcil

☆ Cough syrup deaths overseas prompt US crackdown on toxic testing
▼ + stars: | 2023-09-26 | by ( Patrick Wingrove | ) www.reuters.com time to read: +6 min

Defendants and lawyers attend a court hearing in the case of child deaths linked to contaminated cough syrups, in Tashkent, Uzbekistan August 16, 2023. Cough syrups made in India and Indonesia have been linked to deaths of more than 300 children globally. The medicines were found to contain high levels of DEG and EG, leading to acute kidney injury and death. IMPORT ALERTSThe FDA warning letters give manufacturers an opportunity to fix quality control problems or face penalties. In addition, 13 U.S. makers of consumer products like earwax removers, nasal spray, hand soap and shampoo, including Lex, were threatened with possible seizures and injunctions by the FDA.

Persons: Stringer, Paul Hastings, Peter Lindsay, syrups, Lex, Charlene Paz, Greg Landry, Patrick Wingrove, Rishika, Joyce Lee, Michele Gershberg, Bill Berkrot Organizations: REUTERS, U.S, FDA, Drug Administration, EG, Reuters, South, South Korea's LCC, LCC, Daxal Therapeutics, Herbals, South Korea’s KM Pharmaceutical, Sangleaf Pharma, Massachusetts College of Pharmacy & Health Sciences, Thomson Locations: Tashkent, Uzbekistan, U.S, India, South Korea, Switzerland, Canada, Egypt, Washington ,, Indonesia, United States, Florida, South Korea's, South, New York, Rishika Sadam, Hyderabad, Seoul

☆ Indian shares set for muted opening; Delta Corp in focus after tax notice
▼ + stars: | 2023-09-25 | by ( Sethuraman N R | ) www.reuters.com time to read: +2 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. India's GIFT Nifty (.GIFc1) was up 0.25% to 19,692 points at 7:53 a.m. IST on the NSE International Exchange. Meanwhile, the Nifty 50 index recorded its worst week since February. Domestic markets have come under pressure in September with foreign investors offloading over $1 billion worth of shares as of Sept. 21. Foreign institutional investors (FII) sold shares worth 13.27 billion rupees on a net basis on Friday, while domestic investors bought 8.01 billion rupees, as per provisional stock exchange data.

Persons: Francis Mascarenhas, Abbott, Ajith, Sohini Goswami Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, Exchange, BSE, Delta Corp, Bajaj Finance, Abbott India, Sethuraman, Thomson Locations: Mumbai, India, India's Goa, Bengaluru

☆ US FDA to Seek Public Opinion Before Deciding on Disallowing Popular Cough Syrup Ingredient
▼ + stars: | 2023-09-14 | by ( Sept. | At P.M. | ) www.usnews.com time to read: 1 min

(Reuters) - The U.S. Food and Drug Administration said on Thursday that it would seek public opinion before finalizing its decision to remove an ingredient widely used in cough syrups from the agency's list of ingredients for over-the-counter (OTC) use.

Persons: syrups Organizations: Reuters, U.S . Food, Drug Administration Locations: U.S

☆ Cough syrup killed scores of children. Why no one has been held
▼ + stars: | 2023-09-13 | by ( Ramnagar | ) www.reuters.com time to read: +3 min

Toxic cough syrup made and sold in India may have been the start of a recent global wave of contamination. Irfan was one of at least 16 children whom authorities in India’s northern region of Jammu and Kashmir found had been poisoned. Digital says there was no DEG in its syrup and its medicines are not to blame. The rash of poisonings has led to criminal probes, lawsuits and a surge in regulatory scrutiny in India and abroad. Still, despite intense lobbying on behalf of the families of the children in Jammu, no one has yet been found guilty in a court of law for the cough syrup deaths.

Persons: Jafar Din’s, Irfan, Din, –, ” Organizations: Digital Vision Pharma, Digital Vision, Digital, Reuters, World Health Organization, WHO Locations: India, Jammu city, India’s, Jammu, Kashmir, Himachal Pradesh, Gambia, Uzbekistan, Cameroon

☆ US FDA panel says popular decongestant used in cold medicines ineffective
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsSept 12 (Reuters) - An outside panel of experts to the U.S. Food and Drug Administration on Tuesday refused to back the effectiveness of oral over-the-counter (OTC) medicines made with phenylephrine, an ingredient widely used in cold and cough syrups. The panel unanimously voted against the effectiveness of orally administered phenylephrine as a nasal decongestant, adding that no more trials were required to prove otherwise. The FDA usually follows the recommendations of its expert panel but is not obligated to do so. Phenylephrine was substituted for pseudoephedrine in many non-prescription cold and allergy medicines after the latter was restricted amid reports of abuse.

Persons: Andrew Kelly, Jennifer Schwartzott, Phenylephrine, Mariam Sunny, Devika Organizations: Food and Drug Administration, FDA, REUTERS, U.S . Food, Drug Administration, GSK, Thomson Locations: White Oak , Maryland, U.S, United States, Bengaluru

☆ You can't get bananas at Starbucks anymore, and no one seemed to notice for over a year
▼ + stars: | 2023-09-06 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Starbucks removed both fresh and frozen bananas from its US menus in May 2022. Other chains have been streamlining their menus by removing complicated items. Starbucks has stopped selling bananas, removing both fresh and frozen bananas from its US menus in May 2022, a spokesperson for the coffee giant told Insider. Some Reddit users who say they worked at Starbucks stores said the bananas would sell poorly, go "gross," and attract fruit flies. A few said that their stores made the move to discontinue bananas before Starbucks management decided to stop sales nationally.

Persons: McDonald's, Chipotle, al, marinade Organizations: Starbucks, Service, Subway Locations: Wall, Silicon

☆ Harvard-trained pediatrician shares 5 things she never does when her 'own kids' are sick
▼ + stars: | 2023-09-03 | by ( Dr. Kelly Fradin | ) www.cnbc.com time to read: +2 min

As a Harvard-trained complex-care pediatrician and mom of two kids, here are five things I never do when my own kids are sick:1. However, if they look very sick and your thermometer says there is no fever, they may still need medical attention. Cough medications like codeine or dextromethorphan can do more harm than good, and the American Academy of Pediatrics recommends against them. For example, if you gave a kid Tylenol, and then their cough medicine also had acetaminophen as a key ingredient, it could lead to an overdose. For kids older than one year, I exclusively use honey or cough syrup with honey as the main ingredient.

Persons: it's Organizations: Harvard, American Academy of Pediatrics Locations: teaspoons

☆ Uzbekistan says contaminated Indian cough syrup was on market due to bribery
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

Three of the defendants (an Indian and two Uzbekistan nationals) are executives of Quramax Medical, a company that sold medicines produced by India’s Marion Biotech, in Uzbekistan. Pratar, who spoke in court, denied the charges but admitted to handing over the sum to officials through an intermediary as a "token of appreciation". Officials have not said why 45 deaths had remained unreported since last year. State prosecutors also said on Wednesday that Quramax had imported Marion Biotech medicines at an inflated price via two Singapore-based intermediary companies, which prompted tax evasion charges. Reporting by Mukhammadsharif Mamatkulov Writing by Olzhas Auyezov; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: Singh Raghvendra Pratar, Saidkarim Akilov, Quramax, Mukhammadsharif, Olzhas Auyezov, Sharon Singleton Organizations: Quramax, India's Marion Biotech, Central, India’s Marion Biotech, Marion Biotech, Thomson Locations: Uzbekistan, Tashkent, TASHKENT, India, Singapore

☆ Coffee chains are betting big on cold drinks as Gen Z turns its back on old-school coffees
▼ + stars: | 2023-08-09 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Cold drinks tend to cost more, but they can also cause headaches for staff. Cold drinks account for 75% of Starbucks' beverage sales. "The team is making good progress with its efforts to become a bigger player in the high-growth cold beverage category and saw cold beverage sales grow 16.6% year-over-year," Restaurant Brands International CEO Josh Kobza said. Tim Hortons' cold drinks menu looks remarkably like Starbucks' – especially in the US. Cold drinks can potentially reap higher profits for coffee chains because they tend to cost more and some customers opt for costly modifications.

Persons: Tim Hortons, Laxman Narasimhan, Josh Kobza, Kobza, Tim Hortons execs, Howard Schultz, Brady Brewer, Brewer, Baristas Organizations: Starbucks, Service, Brands Locations: Wall, Silicon, Canada, Maryland, Nebraska

☆ It's the hottest cold drink at Starbucks – and it barely contains any coffee
▼ + stars: | 2023-08-02 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

Cold beverages, especially Refreshers, are driving sales at Starbucks. Starbucks Refreshers, a popular line of fruity drinks infused with green coffee extract, usually sell more in the afternoon. "This includes this summer's launch of our Starbucks Refreshers frozen beverages," Narasimhan said. Cold foam, the fastest-growing add-on at Starbucks, can be added to Refreshers, and Starbucks is rolling out "faster and easier to use" cold foam blenders "to meet the summer demand for Starbucks Refreshers frozen beverages," Narasimhan said. "The new blenders support the additional growth of cold foam, the fastest-growing customization at Starbucks," the CEO said.

Persons: they've, Laxman Narasimhan, Narasimhan, Rachel Ruggeri, Refreshers Organizations: Starbucks, Service Locations: Wall, Silicon, Refreshers

☆ India finds 'violations' at cough syrup maker linked to Cameroon deaths
▼ + stars: | 2023-08-02 | by ( Shivam Patel | ) www.reuters.com time to read: +1 min

Authorities have stepped up scrutiny of drugmakers after some cough syrups made in India were linked to deaths of dozens of children overseas. It is the fourth Indian cough syrup maker to stop production after regulators found lapses. Rajesh Bhatia, one of the three directors at Riemann Labs, had told Reuters previously he was not aware of the matter. "Some violations in good manufacturing practices and good lab practices were found," Khade said, without specifying what the violations were. Riemann has been identified as the maker of Naturcold cough syrup, Khade said.

Persons: Riemann, syrups, Rajesh Bhatia, Sudam Khade, Khade, Shivam Patel, Muralikumar Organizations: REUTERS, Riemann Labs, Reuters, Wednesday, Authorities, Riemann, Regulators, Thomson Locations: DELHI, India, Cameroon, Madhya Pradesh, New Delhi

☆ Cold drinks are hotter than ever at Starbucks
▼ + stars: | 2023-08-01 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

Cold beverages continue to be a fan favorite at Starbucks. Cold foam is the fastest growing add-on at Starbucks. But today, cold drinks are hotter than ever at that coffeehouse chain. Cold drinks accounted for 75% of beverage sales in the company's third quarter. Cold foam, in fact, is the fastest-growing add-on at Starbucks, he said.

Persons: We're, Laxman Narasimhan, Rachel Ruggeri, rollouts, Narasimhan, Ruggeri, That's Organizations: Starbucks . Food, Service, Starbucks Locations: Wall, Silicon, America

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