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Why Starbucks Operates Like a Bank | WSJ The Economics Of

Starbucks, the $124.4 billion global coffee giant, trails only McDonald’s as the largest restaurant chain by market capitalization. Until a few years ago, the massive coffee company held more mobile payment users than Apple Pay. But what actually makes Starbucks excel in a crowded market? WSJ’s Heather Haddon explains how Starbucks used technology to build its loyal customer base and why mobile orders are shifting the chain’s business priorities. 0:00 Starbucks operates like a bank 0:52 Starbucks’s history and menu 2:59 Starbucks’s technology 4:16 Store models 4:49 Culture and values The Economics Of How do the world's most successful companies generate revenue? In this explainer series, we'll dive into the surprising stories behind how businesses work--exploring everything from Costco's "treasure-hunt" model to the economics behind Amazon's AWS. #Starbucks #Coffee #WSJ