Starbucks speeds up ‘on-the-go’ store format as coronavirus lockdowns ease

Starbucks (SBUX) is doubling down on its efforts to adopt more stores to an “on-the-go” format as it adapts to the economic realities of life after coronavirus lockdowns. 

On Tuesday, Starbucks forecast that COVID-19 related lockdowns would cost it more than $2 billion in the current quarter, and “adverse impacts” from the crisis will erode comparable quarterly sales by 40-45%. However, CEO Kevin Johnson told employees in a letter that “the most difficult period is now behind us,” and the company is in the midst of “ clear evidence of business recovery” as sales rebound.

The coffee giant shuttered many of its U.S. company-operated stores during the pandemic, and saw comparable sales drop. During the next 18 months, Starbucks plans to transform its stores by adding drive-thru and curbside pick-up options, as well as rolling out more Starbucks Pick-up stores — accelerating its initial transformation timeline of three to five

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Government response pivoting to ending lockdowns after having to ‘shut down the planet’

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, told Yahoo Finance on Tuesday he continues to work with the White House coronavirus task force to focus on states reopening— including a meeting Tuesday with Vice President Mike Pence.

The nation’s top infectious disease expert is not yet breathing a sight of relief, but feels the U.S. has improved its response to the outbreak as states relax restrictions on public life — even as some concerns remain about regions seeing a new flare up of COVID-19 cases.

“Things that [officials] are concentrating on right now are how do we safely reopen,” he said. How do we get the cities, these towns, these counties to try to get sort some sort of normality to get the economy back. That’s most of what’s being discussed,” Fauci added.

On the topic of a vaccine, and whether or not one

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Amazon customers are less happy with the service despite a massive boost from coronavirus lockdowns

The coronavirus pandemic has spawned a massive acceleration in the shift toward online shopping. And while state economies are beginning to reopen across the country, it’s unlikely that shoppers will completely abandon their newfound online shopping routines to return to brick-and-mortar stores.

And none other than Amazon (AMZN), saw significant gains as a result of coronavirus-related lockdowns. According to Mark Mahaney at RBC Capital Markets, Amazon’s performance during the novel coronavirus quarantines has made it the “best global play off of online retail.”

But while users have clearly been spending more time shopping on the e-commerce giant’s site, the sudden surge of new customers brought on by the virus has put a hurting on one of the company’s key metrics: customer satisfaction. And if left unaddressed, that could seriously hurt the company’s growth moving forward, Mahahey said. 

Users are shopping online more than ever

According to RBC’s 8th annual U.S.

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Camping reservations and RV sales surge as coronavirus lockdowns lifts

After months in lockdown, Americans are ready to leave their homes — and sleep under the stars.

There has been a surge of new reservations at camp grounds around the U.S. The allure of solidarity and outdoor access has prompted a third of people in the U.S. who have never camped before to now consider camping, according to Kampgrounds of Americas, a Montana-based camping company with over 500 franchised campgrounds in North America.

“We know people are concerned about social distancing, and the outdoors provides a great way to do that. Which is why we think there’s a lot of interest in camping right now,” Toby O’Rourke, CEO of Kampgrounds of Americas, told Yahoo Finance.

To reduce the chance of coronavirus infection for campers this summer, Kampgrounds will offer contactless check-in, while keeping shared areas closed — including bathrooms, in certain states, which means campers in tents may need to

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What workers can expect back at the office as coronavirus lockdowns ease

The days of crowded elevators, open floor plans and communal lunch tables may be gone for good — or at least for a while.

As companies expand work-from-home arrangements, others are preparing for the return of workers in ways that spell an end to the daily rituals that punctuated office life before the COVID-19 pandemic took hold.

From the moment of arrival, changes like limiting the number of people allowed to ride the elevator and employee health checks could become standard practice.

New infections are leveling off around the country, and slowly but surely, cities are declaring themselves open for business. That is shifting the focus to the safe return to work, with commercial real estate giant Cushman & Wakefield at the forefront of those efforts.

Recently, the company released a design for office reconfiguration. Called the Six Feet Office, Cushman’s concept serves as a constant reminder for employees to

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