(Bloomberg) -- Lululemon Athletica Inc. employees will vote this month on unionizing a store in Washington, D.C., testing the strength of an organizing wave that’s been sweeping through previously union-free US retail firms.Most Read from BloombergTrump Under Intense Legal Scrutiny After FBI Searches Mar-a-LagoUK Plans for Blackouts in January in Emergency Energy PlanMusk Sells $6.9 Billion of Tesla to Avoid Twitter Fire SaleRussia Is Scouring the Globe for Weapons to Use Against UkraineTrump Se
Starbucks released its third-quarter numbers earlier this month, for the period ended July 3; sales rose by a modest 9% year over year to $8.2 billion. What's particularly telling is that global comparable-store sales rose 3%, and that was mainly due to a higher average ticket (which was up 6% while comparable transactions declined by 3%). Starbucks has raised its prices multiple times since October due to rising inflation.
Two years after it was forced to withdraw from the Nasdaq for an accounting fraud, China's Luckin Coffee believes it has emerged from its "darkest moment", and said it remains committed to U.S. capital markets as it expands its stores and sales. Luckin admitted in 2020 that about $310 million of its sales were fabricated in the previous three quarters, bringing the coffee maker to the brink of collapse after having blazed a trail as a homegrown challenger to U.S. coffee giant Starbucks.