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    STARBUCKS DAY

    TATA Starbucks introduces its first metro store in India

    TATA Starbucks opened its first store in a metro station at the Western Express Highway metro station in Mumbai. It will offer quick grab-and-go options and dine-in facilities from 8 am to 9 pm daily. CEO Sushant Dash expressed the company's commitment to providing an exceptional coffee experience in a convenient location. The store features a diverse menu with Indian-inspired beverages and loyalty programs for customers to enjoy.

    Cool beans! Cafes are having a field day this summer

    National chains such as Third Wave Coffee, Chaayos, AbCoffee, and Boba Bhai have seen a notable increase in foot traffic at their cafes, particularly in northern India, despite the region grappling with record summer temperatures. These cafes are also experiencing increased demand for summer-specific items through delivery services. Also, their appeal as hubs for remote work and meetings is further boosting footfalls.

    Juneteenth 2024: Will supermarkets and restaurants be open today? Here is the full list of what is open and the timings

    Supermarkets and restaurants will remain open on Juneteenth. The business hours may be affected due to the federal holiday and it is recommended to contact them before visiting the stores.

    All okay with Joe Biden? A chair mix-up at D-day anniversary sparks health speculations

    US President Joe Biden's confusion at a D-Day event in France, with wife Jill Biden and French President Macron, raises health concerns. Video shows him searching for a chair, while Jill Biden escorts him off stage. Previous incidents, like the APEC summit in California, have also fueled debates over his health. The incident has prompted diverse reactions online.

    Retail cos, QSRs expand at slowest pace in 5 years

    Retailers and quick-service restaurant chains in India experienced the slowest pace of store expansion in five years at 9%, with 33,219 stores as of March 31. In FY23, the number was 30,551, up 18% from the previous year. These companies added 2,700 stores, averaging 7 a day, but that's nearly half compared to 13 doors each day in FY23. Retail sales growth rate fell year-on-year every month in the previous fiscal, reflecting weak consumer sentiment across segments like apparel, footwear, and QSR.

    Starbucks’ FY24 losses widen to Rs 81.84 crore for India operations

    Of its total loss, Tata Consumer bore Rs 40.91 crore. This is a significant increase compared to the previous year, when Starbucks reported a loss of Rs 24.97 crore on sales of Rs 1086.89 crore.

    The Economic Times
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