Starbucks CEO Seeks to Reverse Sales Slump With Revamp Plan

Published on September 10, 2024

Starbucks CEO Brian Niccol, who stepped into the role on Sept. 9, has laid out a plan to revitalize the company’s U.S. operations after two quarters of declining sales, citing concerns that the coffeehouse has lost some of its charm. In an open letter on Sept. 10, Niccol acknowledged that while many customers still experience the “magic” of Starbucks—which he described as a sense of “connection and joy”—there has been a growing wave of dissatisfaction regarding inconsistent service, long wait times, and uneven product quality. “Many of our customers still experience this magic every day, but in some places—especially in the U.S.—we aren’t always delivering. It can feel transactional, menus can feel overwhelming, product is inconsistent, the wait too long or the handoff too hectic,” he wrote. “These moments are opportunities for us to do better.”...