All articles tagged with #turnaround strategy
Originally Published 2 months ago — by BBC
Starbucks faces a significant challenge to its recovery plan as ongoing strikes by unionized baristas over pay and staffing threaten to disrupt operations and damage its reputation, amid broader issues including store closures, leadership changes, and competitive pressures.
Originally Published 2 months ago — by MLive.com
Outback Steakhouse is closing over 40 locations as part of a financial turnaround plan by parent company Bloomin' Brands, which includes cost-cutting, debt reduction, and improving customer experience, amidst a broader trend of restaurant closures nationwide.
Originally Published 2 months ago — by CNN
Outback Steakhouse closed 21 restaurants in October and plans to close more over the next four years as part of a $75 million turnaround strategy, including renovations and menu updates, to improve its competitiveness amid declining sales and changing consumer preferences.
Originally Published 2 months ago — by CNBC
Starbucks reported its first quarterly same-store sales growth in nearly two years, with a 1% increase globally and a turnaround in U.S. sales, driven by its 'Back to Starbucks' strategy, despite slightly missing earnings expectations.
Originally Published 3 months ago — by The New York Times
Nike's quarterly profit dropped 31% to $700 million despite a slight increase in revenue, as the company battles rising tariffs and implements a turnaround plan under CEO Elliott Hill to regain market share.
Originally Published 3 months ago — by CNBC
Nike is expected to report a decline in quarterly sales but will provide guidance on its strategic turnaround under CEO Elliott Hill, focusing on innovation, restructuring, and expanding its consumer base amid challenging market conditions and competition.
Originally Published 3 months ago — by NPR
Starbucks is closing around 200 stores and laying off 900 corporate employees in the US and Canada as part of a turnaround plan aimed at revitalizing sales and improving store experiences, despite ongoing financial challenges.
Originally Published 5 months ago — by CNBC
Starbucks reported its sixth consecutive quarter of declining same-store sales, though its overall revenue exceeded expectations and shares rose slightly. The company is implementing a turnaround strategy, with some positive signs in North America and China, and plans for new product launches and app improvements in 2026.
Originally Published 7 months ago — by Reuters
Starbucks is accelerating the rollout of its new staffing and service model to all 18,000 North American stores by the end of summer, aiming to enhance customer experience and sales, as part of CEO Brian Niccol's broader turnaround strategy focused on in-store improvements and cost management.
Originally Published 1 year ago — by Yahoo Finance
Gap's shares surged 28% after the retailer raised its full-year sales target, reflecting the success of CEO Richard Dickson's strategy to introduce trendier styles and boost marketing. The stock has risen over 37% this year, with the company showing signs of recovery across its brands. Analysts have a "hold" rating on the stock, which is trading at $28.65, with a median price target of $23.
Originally Published 1 year ago — by CNBC
Kohl's stock dropped over 20% after reporting a surprise loss in its first-quarter earnings, missing Wall Street expectations. CEO Tom Kingsbury attributed the poor performance to tough comparisons and weak sales in the last five weeks of the quarter due to poor weather. Despite efforts to attract shoppers with new merchandise and Sephora in-store shops, the company's turnaround strategy has yet to show significant results. Kohl's has lowered its 2024 guidance, citing higher interest rates and inflation as additional challenges.
Originally Published 2 years ago — by CNBC
Disney has received support from a new activist firm as CEO Bob Iger's turnaround strategy for the company has been slow to yield significant results.
Originally Published 2 years ago — by Yahoo Finance
Subway is making a significant change to its meats by freshly slicing deli meat at its roughly 20,000 US locations, in an effort to compete with fast-growing rivals and boost sales. This move follows Subway's previous efforts to refresh its menu offerings and improve its restaurant appearances. Around 80% of stores will prominently display deli meat slicers near the deli counter, with most of the meat sliced several times a day. This change brings Subway in line with smaller competitors like Jimmy John's and Jersey Mike's Subs. The company is also rolling out four new sandwiches to promote the change. Subway has struggled in recent years, but its sales at North America stores rose 7.8% in 2022 compared to the previous year. The company is also reportedly up for sale and may make an announcement in mid-July.
Originally Published 2 years ago — by Barron's
GameStop has enlisted the help of activist investor Ryan Cohen to try and regain confidence in its turnaround strategy. However, the likelihood of the videogame retailer returning to its former meme-stock glory seems unlikely.