TATA CONSUMER PRODUCTS will push back plans for some new Starbucks store openings until later in its existing schedule as fewer customers are walking into its cafes, CEO Sunil D'Souza said on Monday.
"We will calibrate for the short term—maybe instead of opening 100, we will open 80 now, and next year we will open 120 instead of 100," D'Souza said, adding that Tata Starbucks is still focused on reaching its 2028 goal to operate 1,000 stores by 2028.
Urban consumers are cutting spending on everything, from cookies and coffee to fast food, as persistently high inflation squeezes middle-class budgets, with wages failing to keep pace.
هذه القصة مأخوذة من طبعة December 17, 2024 من Financial Express Kochi.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 17, 2024 من Financial Express Kochi.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Walmart Asks China Suppliers For Price Cuts
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Kalyani Samadhi Case Back in Court
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K'taka CM to Present His 16th Budget Today
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Honda Could Get BYD-ed in Key Scooter Market
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We do not need to raise CNG prices
Mahanagar Gas plans to spend ₹1,000 crore in FY26 as capex compared with ₹800 crore in the current financial year.
Battery storage is here
REPORT BY JMK Research in 2023 commented on the rise of grid-scale energy storage systems (ESS) via demand-driven tenders, and how this was becoming important for the grid integration of renewables.
