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.
Bu hikaye Financial Express Pune dergisinin December 17, 2024 sayısından alınmıştır.
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Bu hikaye Financial Express Pune dergisinin December 17, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
IIT-Madras to offer fine arts, culture courses
A FIRST for Indian Institutes of Technology (IITs), IIT-Madras on Tuesday said it would offer two supernumerary seats in each undergraduate programme to students who have achieved excellence in fine arts and culture, starting from the upcoming academic session.
Not even 2% work-linked higher education courses yet: Report
EDUCATION-INDUSTRY MISMATCH
The world's busiest airline routes in 2024 are largely in Asia
● Leisure continues to outshine corporate trips
Panel suggests LS elections template for entrance tests
DRAWING PARALLELS WITH the conduct of general elections, a high-level committee set up by the Education ministry and chaired by former ISRO chief K Radhakrishnan has proposed a similar framework for holding important national entrance tests to ensure transparency.
Siddique murder: Court sends accused to police custody till Dec 20
A SPECIAL COURT in Mumbai on Tuesday remanded five accused arrested in NCP leader Baba Siddique's murder case to police custody till December 20 after investigators said they need to interrogate them about an absconding accused and the weapons used in the crime.
DPIIT inks pact with HDFC Bank
THE DEPARTMENT FOR Promotion of Industry and Internal Trade (DPIIT) on Tuesday said it has inked pacts with HDFC Bank and Tally Solutions to help startups growth.
PM: Cong fanned water disputes among states
Prime Minister Narendra Modi on Tuesday said all homes in Rajasthan will soon have tap water, attacking the Congress party over water disputes between states.
SME IPOs fetch rich returns in Dec
THE SME IPO market continues to see heightened interest and is delivering multibagger returns despite being under the lens of the markets regulator.
Indian firms use euro, yen swaps
MOREOVER, EXPECTATIONS OF dollar strengthening further have also prompted Indian firms to opt for cross-currency pairs other than USD-INR.
KYC masking to go live on Jan 20
DEADLINE EXTENDED; BIG RELIEF TO BANKS & FINTECHS
