While most restaurant companies blamed the shortened holiday season, consumer trepidation or winter weather for slower sales in December, Starbucks warned that the end of 2013 marked a fundamental move away from traditional brick-and-mortar retailers to online shopping. Though Starbucks reported yet another record quarter with profits rising 25 percent and global same-store sales increasing by 5 percent on a 4-percent jump in traffic, December trends indicated a softening during what is ...
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Contact: Desiree Torres Desiree.Torres@penton.com