"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-15T04:40:03Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/14/fish-and-chips-uk-dishes-rising-food-prices-war-in-ukraine.cnnbusiness"
data-branding-key=""
data-video-slug="fish and chips uk dishes rising food prices war in ukraine"
data-first-publish-slug="fish and chips uk dishes rising food prices war in ukraine"
data-video-tags="agricultural commodities,agriculture,agriculture, forestry, and commercial fishing,banking, finance and investments,business and industry sectors,business, economy and trade,commodity markets,consumer products,continents and regions,europe,financial markets and investing,food and beverage industry,food prices,food production industry,northern europe,price increases,russia-ukraine conflict,united kingdom,unrest, conflicts and war"
data-details="">
Video Ad Feedback
Russia's war in Ukraine threatens one of England's most famous dishes
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-08T13:32:55Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/08/taco-bell-defy-drive-thru-restaurant-nr-vpx.cnn"
data-branding-key=""
data-video-slug="taco bell defy drive thru restaurant nr vpx"
data-first-publish-slug="taco bell defy drive thru restaurant nr vpx"
data-video-tags="business and industry sectors,business, economy and trade,companies,continents and regions,fast food,food and beverage industry,food and drink,midwestern united states,minneapolis,minnesota,north america,restaurant and food service industry,restaurant industry,restaurants,taco bell,the americas,united states,yum brands inc"
data-details="">
Video Ad Feedback
New Taco Bell drive-thru restaurant serves tacos using mini elevators
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-04T13:18:21Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/04/na-beer-wine-spirits-non-alcoholic-boom-fm-orig.cnn-business"
data-branding-key="fresh-money"
data-video-slug="na beer wine spirits non alcoholic boom fm orig"
data-first-publish-slug="na beer wine spirits non alcoholic boom fm orig"
data-video-tags="alcoholic beverages,beverage industry,beverages,business and industry sectors,business, economy and trade,consumer products,distilled liquors,food and beverage industry,food and drink,food production industry,food science and technology,kinds of foods and beverages,technology,wine"
data-details="">
Video Ad Feedback
The fastest growing trend in adult beverages will surprise you
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-05-14T18:13:13Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/05/14/baby-formula-shortage-broaddus-pkg-ebof-vpx.cnn"
data-branding-key=""
data-video-slug="baby formula shortage broaddus pkg ebof vpx"
data-first-publish-slug="baby formula shortage broaddus pkg ebof vpx"
data-video-tags="baby and children's products,baby foods,business and industry sectors,business, economy and trade,charities and charitable giving,children,consumer products,demographic groups,families and children,family members and relatives,food and drink,food assistance,food charities,food products,kinds of foods and beverages,population and demographics,social assistance and welfare,society"
data-details="">
Video Ad Feedback
Mother describes 'anxiety provoking' search for baby formula
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-05-11T12:01:03Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/05/11/actor-james-cromwell-starbucks-milk-price-protest-newday-vpx.cnn"
data-branding-key=""
data-video-slug="actor James Cromwell starbucks milk price protest newday vpx"
data-first-publish-slug="actor James Cromwell starbucks milk price protest newday vpx"
data-video-tags="arts and entertainment,beverages,business and industry sectors,business, economy and trade,celebrity and pop culture,civil disobedience,companies,consumer products,continents and regions,dairy products,food and drink,food products,kinds of foods and beverages,new york (state),new york city,non-dairy milks,non-profit and ngo organizations,north america,northeastern united states,people for the ethical treatment of animals,protests and demonstrations,society,starbucks corp,the americas,united states"
data-details="">
Video Ad Feedback
Actor superglues his hand to Starbucks counter in protest
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-04-29T22:44:01Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/04/29/tip-culture-shift-us-service-economy-foreman-pkg-the-lead-vpx.cnnbusiness"
data-branding-key=""
data-video-slug="tip culture shift us service economy foreman pkg the lead vpx"
data-first-publish-slug="tip culture shift us service economy foreman pkg the lead vpx"
data-video-tags="business and industry sectors,business, economy and trade,compensation and benefits,continents and regions,coronavirus,coronavirus pandemic,diseases and disorders,economy and economic indicators,epidemics and outbreaks,food and beverage industry,food and drink,gratuities and tips,health and medical,infectious diseases,labor and employment,life forms,microscopic life,misc people,north america,northeastern united states,public health,respiratory diseases,restaurant and food service industry,restaurant industry,restaurants,the americas,tom foreman,united states,viruses,wages and salaries,washington, d.c."
data-details="">
Video Ad Feedback
Americans are tipping less in the wake of tipping fatigue
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-04-25T17:20:02Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/04/25/food-prices-ukraine-russia-romans-orig.cnn"
data-branding-key=""
data-video-slug="food prices ukraine russia romans orig"
data-first-publish-slug="food prices ukraine russia romans orig"
data-video-tags="agricultural commodities,agriculture,agriculture, forestry, and commercial fishing,antitrust and trade law,banking, finance and investments,business and industry sectors,business, economy and trade,commodity markets,consumer products,continents and regions,eastern europe,economic policy,economy and economic indicators,energy and utilities,energy commodities,europe,financial markets and investing,food and beverage industry,food prices,food production industry,law and legal system,oil and gas industry,oil prices,price increases,price-fixing,russia,trade and development,trade regulation and policy,ukraine,unrest, conflicts and war"
data-details="">
Video Ad Feedback
Forget oil. Here's how Russia's war in Ukraine is jacking up food prices.
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-04-15T00:27:03Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/04/14/kebab-launched-moos-pkg-orig-gr-vpx.cnn"
data-branding-key=""
data-video-slug="kebab launched moos pkg orig gr vpx"
data-first-publish-slug="kebab launched moos pkg orig gr vpx"
data-video-tags="aviation and aerospace industry,business and industry sectors,business, economy and trade,continents and regions,extraterrestrial life,jeanne moos,middle east,middle east and north africa,misc people,space and astronomy,space exploration,space industry,spacecraft and satellites,turkey,space launches"
data-details="">
Video Ad Feedback
What's that long skinny thing a restaurant just tried sending to space?
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-03-22T23:44:32Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/03/22/pusha-t-arbys-ad-mcdonalds-orig-jk.cnn"
data-branding-key=""
data-video-slug="pusha t arbys ad mcdonalds orig jk"
data-first-publish-slug="pusha t arbys ad mcdonalds orig jk"
data-video-tags="arts and entertainment,business and industry sectors,business, economy and trade,celebrities,companies,mcdonald's corp,media industry,music,music and dance,music industry,music releases,musical styles,pusha-t,rap and hip-hop music"
data-details="">
Video Ad Feedback
Pusha T isn't 'lovin' it' anymore. Hear his new song for Arby's
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-03-16T19:20:08Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/03/16/wendys-fast-food-inflation-price-increase-video-watch-orig.cnn-business"
data-branding-key="markets-now"
data-video-slug="wendys fast food inflation price increase video watch orig"
data-first-publish-slug="wendys fast food inflation price increase video watch orig"
data-video-tags="business and industry sectors,business executives,business, economy and trade,consumer products,fast food,food and beverage industry,food and drink,labor and employment,price increases,restaurant and food service industry,restaurant industry,restaurants,workers and professionals"
data-details="">
Video Ad Feedback
Wendy's CEO: Expect menu price increases of 5% this year
It may seem like there’s already a Starbucks on every corner. But the company is still planning on adding tens of thousands more locations in the coming decade.
Starbucks said at an investor event Wednesday that it plans to increase its store count to about 55,000 by 2030, up from roughly 33,000 today. The company is betting that by flooding the market with new types of stores, including smaller locations and ones with drive-thru and curbside pickup, it will be able to steal more customers from the competition.
“Though we are growing off a large base, there is ample room to expand in regions where the Starbucks brand is less penetrated,” said Roz Brewer, the company’s chief operating officer, on Wednesday. She noted that Starbucks has a “particular focus on high volume, high margin, suburban drive-thrus.”
Starbucks plans to have about 55,000 locations by 2030.
New formats can help reduce congestion in certain stores, said Roz Brewer, the company’s chief operating officer.
“As we introduce more efficient formats, we’re reducing the long lines that sometimes occur in metro locations, unlocking more sales,” she said.
The company has been struggling to regain the business lost during the pandemic, when commuting routines were disrupted as many office employees worked from home. Globally, sales at Starbucks stores open for at least 13 months fell 9% in the three months that ended on September 27, compared to the same period last year.
Some locations have fared better than others. Though overall sales fell in the quarter, sales at Starbucks’ suburban locations and drive-thru restaurants grew.
Meanwhile, competitors like Dunkin’ have been better able to hold onto customers. Dunkin’s same-store sales ticked up 0.9% in the third quarter.
Starbucks’ expansion plan is coupled with efforts to encourage people to visit those locations, including better rewards in its loyalty program as well as new drinks and food.
Better rewards and more oat milk
Companies like Starbucks use loyalty programs to learn more about their customers and spur repeat purchases. This year, in order to motivate more people to join the program, the company broadened the payment options for its rewards program to include cash, credit cards and Apple or Google Pay. Previously, members had to load a Starbucks card to earn points. Rewards members account for about 50% of Starbucks revenue.
Trendy menu offerings also help.
The company said Wednesday that it is planning to roll out its line of oat milk beverages nationally in the spring, after launching in the Midwest early this year. The new line includes a shaken iced espresso beverage, made with brown sugar and oat milk.
The news comes after thechain introduced an Impossible breakfast sandwich this summer, about a year after Dunkin’ launched its Beyond
(BYND) sandwich, made with plant-based sausage.