Unfortunately, Amazon (NASDAQ: AMZN) is coming for Starbucks business. To explain, Amazon plans to spend several billion dollars to open over 3,000 GO convenience stores by 2021.Read more
Mobile payment use in the United States is a growing at a rate of 14.5% a year and it should reach 55 million by the end of 2018, eMarketer estimated. Around 25% or in four American smartphone users will make a mobile payment sometime this year.
Those numbers are big but they are nothing compared to China where Ant Financial’s Alipay has 520 million users, and Tencent Holdings’ WeChat has one billion active users, Bloomberg reported. Those people spent $2.9 trillion in the two ecosystems in 2016.Read more
Giving Walmart workers an extra $8 or $9 a day might have little or no impact on the economy. Walmart clerks can now afford to buy lunch at In-N-Out Burger; rather than at McDonald’s, how does that benefit the wider economy? Much higher wages will be needed for a real economic stimulus.
It remains to be seen if the $1,000 bonus and wage hike will have any effect on Main Street. Giving average families an extra $1,000 to pay off $1,000 of their credit card debt, might not do much for the economy. The average U.S. household now owes $15,654 in credit-card debt, Nerdwallet estimated.Read more
Starbucks (NASDAQ: SBUX) is planning a massive and ambitious expansion that might threaten the company’s future. The company already operatesRead more
The only people who should buy Denny’s stock are those looking for something to short. Everybody else should stay far away from this diner brand’s shares.Read more
America’s favorite coffee shop has reported revenue growth for the last 34 quarters; since September 2011, according to ycharts.
Starbucks reported revenues of $20.52 billion on June 30, 2016; just one year earlier it reported $18.43 billion in revenues. That adds up to $2.09 billion in revenue growth in year at a time when competitors like McDonald’s are struggling to maintain their market share.Read more