Starbucks CEO Says Airport Cafe Closures, Low Traffic to Offices Weighed on Chinese Sales
Reduced international travel and low traffic to office buildings weighed on Starbucks’ same-store sales in China, according to CEO Kevin Johnson.
Starbucks CEO Defends Wage Hikes as Stock Falls 7% On Coffee Chain’s Weak Earnings Outlook
Starbucks CEO Kevin Johnson defended the coffee chain’s plans to hike wages for baristas, saying that the move will help the company gain market share.