• U.S. consumer spending rises; wage growth slows in second-quarter

    8 monthes ago - By Reuters

    U.S. consumer spending increased solidly in June as households spent more at restaurants and on accommodation, building a strong base for the economy heading into the third quarter, while inflation rose moderately.
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  • Starbucks Imports an Upscale Italian Bakery to Combat a Slowing U.S. Market

    8 monthes ago - By Fortune

    Starbucks may be a coffee behemoth, but it's doubling down on food as part of its efforts keep growing.
    On Tuesday, the Seattle-based company is opening the first U.S. standalone Princi, an upscale Italian bakery chain that Starbucks backed in 2016 and agreed to license globally.
    The standalone Princi, which includes an oven for on-site baking and a manual espresso machine, is located in Seattle, making Starbucks' home market the test case for the company's upscale retail strategy.
    The city now houses the Princi bakery and the first super-luxe Reserve Roastery. Its also home to the first...
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