Starbucks to open one store nearly every nine hours in China for next three years
Starbucks is celebrating two milestones in its largest market outside of the U.S.

 

Chipotle moves ahead with kitchen robots, seamless stores
Leveraging AI, Chippy is trained to replicate Chipotle’s exact recipe – using corn masa flour, water and sunflower oil – to cook chips, season with salt, and finish with fresh lime juice.

 

Amazon investing nearly $1 billion in pay hike for warehouse and delivery workers
Average starting pay for Amazon frontline employees is going up $1 an hour

 

At Home downgraded as it burns through cash
S&P Global Ratings lowered the corporate credit rating of At Home Group to B- from B citing weakening sales and cash flow

 

Bed Bath & Beyond’s (BBBY) Earnings Report
The company earned $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Its revenue was down 27.6% on a year-over-year basis.

 

Cracker Barrell’s (CBRL) Earnings Report
The firm earned $830.40 million during the quarter, compared to the consensus estimate of $836.93 million. Its revenue for the quarter was up 5.9% on a year-over-year basis.