Roula Khalaf selects top stories for the Unlock the Editor’s Digest, featuring Starbucks’ new CEO Brian Niccol’s plans to revitalize the struggling coffee chain with a focus on customer experience, simplified menu, and pricing freeze in US stores. Niccol aims to bring back the coffee house ambiance, with baristas using ceramic mugs and Sharpie-labeled cups, while also reducing wait times and offering lower prices for non-dairy milk options. Investors have responded positively to Niccol’s leadership, with shares up over 25% since his appointment in August.
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Did Nike's Turnaround Just Begin?
Nike (NYSE: NKE) experienced a significant 16% stock surge following its fiscal fourth-quarter earnings report, marking its largest one-day gain in several years. Despite a 12% revenue decline to $11.1 billion and a drop in earnings per share to $0.14, the company exceeded expectations, particularly with its optimistic guidance for the upcoming fiscal year. Explain It To Me Like I'm 5: Nike's stock went up a lot after they shared news that made people think...
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