While Starbucks (SBUX) basks in the glory of creating an Instagram sensation in the unicorn frappuccino, leave it to one barista to remind everyone about the coffee king's biggest challenge. "I need to rant just a little bit," Starbucks barista Braden Burson said in a video posted on Twitter (which has seen been deleted) before going off on a tirade against the new pink and blue swirled sweet treat. "I have never been so stressed out in my entire life, it has been insane. If you love us as baristas, don't order the drink it's so difficult to make -- people were coming in left and right, drive-thru or in the front -- we don't know what type of frappuccinos go where, we just hand them out." In
Costco (COST) members are apparently so obsessed with shopping at the place that they are willing to pay even more for the privilege of buying bulk mustard. At 60%, more than half of those polled in a new Barclays survey said that Costco's recent fee increase will not make them less likely to renew. Of the 40% that indicated that they are "less likely to renew", Barclays notes that this does not mean they will not renew. In March, the wholesale retailer said it would hike the price of its Goldstar membership by $5 per year to $60. Executive membership fees will increase by $10 to $120. The new fee increases will go into effect June 1, 2017, and will impact nearly 35 million members. Barclays
If Sears Holdings Corp. (SHLD) had one foot in the grave coming into the year, then it has just dipped the second foot into a six foot hole. The dying retailer said in a new filing on Friday that same-store sales since the start of the year crashed 11.9% between its two banners. Excluding one-time gains related to the sale of the Craftsman tool business and certain real estate, Sears lost between $190 million to $230 million. That is worse than a year ago when it lost $181 million. Sears also announced the departure of CFO Jason Hollar, who had only been on the job for about six months. The company hinted strongly it will move to shutter more stores beyond the round of 150 closures it just completed.