Cyprus Mail
Recommended World

Starbucks holds more cash than many banks

Starbucks customers in the US and Canada are splashing less cash at the coffee chain than ever before. That doesn’t mean that they are buying fewer beverages and snacks. Rather, they are embracing the company’s loyalty card (which can be loaded with money) and app. The company has 12 million loyalty members in the US alone and that means that Starbucks boasts a serious amount of cash on its customer cards. Wall Street Journal data featured in Market Watch shows that Starbucks has more customer cash than many banks have in deposits.

Infographic: Starbucks Holds More Cash Than Many Banks | Statista
You will find more statistics at Statista



Related posts

CEO says AstraZeneca likely to run new global trial of COVID-19 vaccine

Reuters News Service

U.S. Supreme Court backs religious groups over New York virus curbs

Reuters News Service

World says farewell to flawed hero Maradona as family seeks quick burial

Reuters News Service

America celebrates scaled-back Thanksgiving as COVID-19 surges

Reuters News Service

Spain moves from stick to carrot to persuade later retirement

Reuters News Service

China points overseas as source of coronavirus

Reuters News Service

1 comment

Comments are closed.