Starbucks’ U.S. slowdown has gone global.
The coffee chain posted disappointing sales growth in all its major
regions on Thursday, signaling that it now has bigger problems than an
overly saturated U.S. market.
holiday merchandise and limited-time offers did not perform up to
expectations,” Chief Executive Officer Kevin Johnson said in an
interview. In the U.S., the chain also saw “a little bit of softness in
the afternoon, which may be a reflection of fewer people out shopping.”. . . more