Starbucks And Uber Partnership In the Works?
With store traffic dropping for Starbucks, Sozzi feels a partnership with Uber would be mutually beneficial, providing a bigger footprint for Uber and an efficient and cost-effective delivery infrastructure for Starbucks. Sozzi feels that Thursday's Investors Day may bring further clarity to the plans for growing the delivery business.
The ultimate goal of CEO Howard Schultz is to make Starbucks a $100 billion market cap company. With the stock closing Monday at $80.85, Starbucks market cap stood at $60.5 billion.
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