Monday, January 25, 2016

How Starbucks rang up gangbusters holiday sales when others struggled

Retailer after retailer has announced in recent weeks that they saw tepid or downright disappointing sales during the crucial holiday season.

And then came Starbucks, dropping a blockbuster earnings report on Thursday that stands out as a clear bright spot in retail. The coffee giant announced that revenue soared 12 percent to a record $5.4 billion. Sales at its U.S. restaurants open more than a year were up 9 percent, and nearly half of that growth came from a surge in foot traffic.. . . more

No comments: