Former Starbucks CEO Howard Schultz says Brian Niccol's back-to-basics plan will fix slumping sales at the coffee giant
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Former Starbucks CEO Howard Schultz expresses confidence in current CEO Brian Niccol's back-to-basics strategy to address the company's declining sales.
November 12, 2024 | 12:00 am
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Howard Schultz, former CEO of Starbucks, supports current CEO Brian Niccol's back-to-basics strategy to improve the company's declining sales.
The endorsement from a respected former CEO like Howard Schultz can boost investor confidence in the current leadership's strategy. Niccol's back-to-basics plan is aimed at addressing the company's current sales challenges, which could lead to a positive short-term impact on the stock price as investors anticipate potential recovery.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90