The's Trading Volume Surges 73.47% to 3.57 Billion, Climbs to 267th in Daily Rankings

On June 5, 2025, The's trading volume reached 3.57 billion, marking a significant 73.47% increase from the previous day. This surge placed The at the 267th position in the daily stock market rankings.

Starbucks has appointed Mike Grams as its new Chief Operating Officer (COO), a position that was previously eliminated in October 2022. Grams, who joined Starbucks in February 2025, brings nearly three decades of experience from Taco Bell Corp., where he held various leadership roles. This move is part of a broader leadership reshuffle aimed at enhancing operational efficiency and strengthening the company's brand.

Grams will oversee global coffeehouse development and supply chain operations in addition to his responsibilities for North American cafes. This appointment comes after Starbucks reported disappointing global comparable sales and profit for the second quarter, attributed to inflation and economic uncertainty. CEO Brian Niccol, who took over the top job last year, has emphasized the need to return Starbucks to its coffeehouse roots and improve overall performance.