( ) -q-19- UNDATED (Correspondent Jeremy House) “support of Israel.” Former Starbucks CEO Howard Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales. [CutID: <Cuts> STARBUCKS-FORMER-CEO-house-q-TUEam.mp3 Time: 19s Title: STARBUCKS-FORMER-CEO-house-q-TUEam Out-cue: support of Israel] TAG: Correspondent Jeremy House reporting. Schultz […]
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Former CEO says Starbucks needs to refocus on coffee as sales struggle
( ) -q-19- UNDATED (Correspondent Jeremy House) “support of Israel.”
Former Starbucks CEO Howard Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales.
[CutID: <Cuts> STARBUCKS-FORMER-CEO-house-q-TUEam.mp3
Time: 19s
Title: STARBUCKS-FORMER-CEO-house-q-TUEam
Out-cue: support of Israel]
TAG: Correspondent Jeremy House reporting. Schultz left Starbucks’ board last fall but remains the company’s largest individual shareholder.
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VERBATIM: Schultz said many people had reached out to him after Starbucks reported weaker-than-expected quarterly sales and earnings last week. Starbucks says it’s seeing slower traffic around the world as U.S. and Chinese customers pull back on spending. It’s also facing boycotts in some markets for its perceived support of Israel.