-
Starbucks brews hot and cold in Q2
Starbucks Corp. reported profit for the second quarter that exceeded expectations, but it disappointed on sales. The chain also offered a third-quarter earnings outlook that was shy of forecasts.
For the quarter ended March 27, Starbucks reported $4.99 billion in sales, up 9% from $4.56 billion in the year-ago period. Although sales set a new record for a non-holiday quarter, they but still fell short of analyst estimates of $5.03 billion.
Net income rose 18% to $575.1 million on strong U.S. sales.
-
Study: 2 tech trends ready to disrupt retail
There is no shortage of emerging technologies with the potential to transform how retailers operate, but some are closer to realizing that potential than others.
Virtual and augmented reality and Internet of Things (IoT) are most likely to disrupt retail, at least in the short term. That’s according to the first quarter 2016 Retail Innovation Report from the Center for Advancing Retail & Technology (CART),

