Is Starbucks Odyssey closing down?
On March 15, 2024, Starbucks announced the closure of Starbucks Odyssey, its NFT-centric loyalty program. This decision has sparked debates about the viability and future of Web3 loyalty programs. Launched in December 2022, Starbucks Odyssey aimed to integrate NFTs into the Starbucks Rewards ecosystem. More competition, inflation and consumer shifts have hurt Starbucks’ bottom line. Starbucks announced Thursday that it will close 1% of its stores in North America this month. The closures – and layoffs of 900 corporate employees – are part of a $1 billion restructuring plan.Starbucks recently announced that the company would be closing 1% of its North American stores by the end of 2025, citing financial performance as one of the reasons for the closures. In addition, the company shared that 900 non-retail positions would be eliminated.
What is Starbucks discontinuing in 2026?
Starbucks Just Announced A Major Store Shakeup—Here’s What To Know. These changes are part of the brand’s plan to bring back its old-school charm. Starbucks is shutting down all 96 of its Pick Up–only shops across the country by 2026. Summary. Starbucks remains a ‘Hold’ due to high valuation multiples, declining margins, and slowing revenue growth despite recent share price weakness. Starbucks’ Q4/25 results showed modest revenue growth but steep declines in operating income and EPS, highlighting ongoing operational challenges.Starbucks CEO Brian Niccol took the helm in September 2024, inheriting a company facing its first revenue decline in four years amid customer complaints about high prices and long wait times. A year later, the coffee giant has halted the slide but faces fresh pressures, from surging coffee bean costs to store closures.
Is Starbucks shutting down in 2025?
In the statement released last week, the CEO added that Starbucks has opened numerous coffeehouses over the past year and the overall company-operated count in North America will decline by about 1% in fiscal year 2025 after accounting for both openings and closures. Ever wonder why Starbucks fired their CEO after just 17 months? It’s a $40 billion lesson in hiring. Starbucks just fired their CEO after 17 months.
How many stars is $1 at Starbucks?
Collect 1 Star with every $1 spent when you pay via your registered Starbucks Card. Or collect 1 Star with every $2 spent when pay via cash, debit/credit card. On your birthday (as indicated in your Starbucks Rewards account), you will receive one (1) complimentary handcrafted beverage OR one (1) complimentary food item OR one (1) complimentary ready-to-drink bottled beverage (Birthday Reward).Join Starbucks® Rewards, make a qualifying purchase, and enjoy 50% off your next drink.Thursday On Thursday, Jan. Starbucks Rewards members can order any grande handcrafted beverage for $3 from 12 p.Join Starbucks Rewards™ to unlock exclusive benefits: a free birthday beverage, 40% off your first 3 beverages, and earn stars with every purchase using any payment method.One (1) free birthday beverage per year: On your birthday (as indicated in your Starbucks Rewards account), you will receive one (1) complimentary handcrafted beverage (Birthday Reward). Your Birthday Reward will be automatically added to your account on your birthday and is valid for 30 days from the date of issue.