It is no secret that mobile wallets are trending upward for the foreseeable future. According to a recent report by Transparency Market Research, the global mobile wallet market is forecasted to reach $1,602.4 billion in five years, growing at a compound annual growth rate (CAGR) of 30.7 percent from 2012 to 2018.
Starbucks Coffee Company announced it will include calorie information on menuboards at all company-operated and licensed U.S. Starbucks stores beginning June 25.
The launch of menuboard labeling and pastry case calorie labeling will complement the food and beverage transparency the company already provides to customers through printed brochures, an nutrition tab on Starbucks.com, and the Starbucks Mobile App for iPhone.
Starbucks made waves in late May when news broke that the brand would ban smoking in its outdoor seating areas and within 25 feet of its entrances. Protestors and advocates alike took to the Internet to voice their support or disapproval of the ban, which took effect June 1. But the smoking ban did not phase Gary Stibel, CEO of the New England Consulting Group, who believes this move was a long time coming.
Fast-casual restaurants were once able to claim premium food, modern décor, and all-around upscale service as hallmarks of their category. But with more quick-service chains retooling in those areas to compete for post-recession consumers, fast casuals have been left to search for new ways to differentiate their brands.
For many, that search has turned up something typically better suited to fine- and casual-dining joints: booze.
At the 94th annual National Restaurant Association Show in Chicago, Starbucks Howard Schultz delivered a powerful message to the restaurant industry: profitability and conscience can exist side by side.
In fact, the veteran Starbucks chairman, president, and CEO points to his Seattle-based chain, a quick-service behemoth that topped $13.3 billion in net revenues in fiscal year 2012, as tangible proof that the content of a company’s character propels performance.
Starbucks Coffee Company chairman, president, and CEO Howard Schultz inaugurated the first Starbucks community store outside of the United States in the Langsuan neighborhood of Bangkok, Thailand.
Schultz was in Bangkok celebrating 15 years in the market with Starbucks partners and to officially open Starbucks’ first community store in Asia, where 10 percent of sales from Starbucks hand-crafted beverages will be directed to the farming communities of Northern Thailand.
Small portions are very big these days.
Many 2013 trend predictions determined that small plates and snacking are expected to be popular among chefs and restaurant operators this year. While diners are still eating during the traditional meal times—breakfast, lunch, and dinner—they are eating less at those times, opting instead to have five or more smaller meals a day.
Starbucks is the top quick service restaurant brand with $166 million of Impact Media Value according to General Sentiment’s Q1 2013 QSR MediaMatch. Taco Bell ($89 million), Chipotle ($51 million) and Kentucky Fried Chicken ($36 million) remained in the top four. Burger King ($33 million) rounded out the top five, moving up one place while McDonald’s ($29 million) and Pizza Hut ($21 million) each dropped a spot.
Starbucks Coffee Company announced it has appointed Sharon Rothstein as global chief marketing officer.
Rothstein was previously senior vice president of marketing at innovative specialty beauty retailer Sephora.
Global restaurateur HMSHost will welcome travelers with three new restaurants at Raleigh-Durham International Airport as part of the airport’s Terminal 1 Modernization Project.
The project is slated to be completed in early 2014. Travelers at Raleigh-Durham will experience the first ever ACC American Café, as well as HMSHost’s own La Tapenade and national favorite Starbucks.