Change in sight for Starbucks…

Interesting that this morning the Wall Street Journal had a story about how McDonald’s was planning to put fancy pants drinks (lattes and such) in all of their US restaurants over the next year or so, creating potential increased competition for an already declining Starbucks, and by the end of the day, the Jim Donald (CEO at the Starbucks) is gone.  Here’s the blurb from WSJ’s alert:

Starbucks said Chairman Howard Schultz will take over as chief executive, succeeding Jim Donald. Schultz, who grew the company from a small Seattle bean seller into the world’s largest coffee chain, plans to slow number of new stores built in the U.S. and close struggling locations, improve the customer experience inside stores here, streamline management and accelerate the chian’s [sic] expansion overseas, the company said.

More at WSJ Online.

About the Author

Mr. Smith is the Publisher of The Conservative Reader. He is Partner/Owner of Ambrosia Web Technology as well as a Systems Architect for Wells Fargo. Art hold a degree in Computer Science from Drake University in Des Moines, Iowa, and is a political blogger at the Des Moines Register. Art's views are purely his own and do not necessarily reflect the views of Wells Fargo.

 

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