Starbucks – News Stories About Starbucks - Page 17

Jul 1, 2008 9:08 PM CDT

Starbucks to Close 600 Stores Across US

Most of the shuttering shops opened after October 2005

(Newser) - Starbucks will close hundreds of stores across the US in its newest attempt to boost deflated profits, the Seattle Times reports. In the next nine months, about 600 stores are getting the ax, most of which opened after October 2005. About 12,000 employees will lose their jobs, but the...

Smucker Nears Folgers Deal

Jun 4, 2008 7:18 AM CDT

Smucker Nears Folgers Deal

Best part of waking up is market-leading coffee sales

(Newser) - A deal in which JM Smucker Co. will acquire Folgers from Proctor & Gamble is percolating and expected to close this week, the Wall Street Journal reports. The all-stock purchase, which could ring in at $2 billion or more, means Smucker will nearly double in size and take over the...

Starbucks Offers Free Wi-Fi for 2 Hours a Day

Jun 3, 2008 5:30 PM CDT

Starbucks Offers Free Wi-Fi for 2 Hours a Day

Firm unveils its latest attempt to revive business

(Newser) - Starbucks will offer its customers 2 hours of free Wi-Fi a day starting next week, its latest effort to snap out of a sales slump, USA Today reports. Those eligible need a Starbucks Card and must register online with the company's rewards program. Critics say the move isn’t the...

Starbucks Banks
on New Hardware

May 30, 2008 4:59 PM CDT

Starbucks Banks on New Hardware

Company counts on gadget for better espresso, more customer face time

(Newser) - With the grounds of a sour economy sticking between shareholders' teeth, Starbucks is looking to a new espresso machine to perk profits back up, the Seattle Post-Intelligencer reports. "What this machine is about is whether Starbucks can get its virginity back," one observer says of the semi-automatic Mastrena,...

San Francisco Coffee Scene Heats Up

May 16, 2008 6:10 PM CDT

San Francisco Coffee Scene Heats Up

Next-gen roasters brew plans to tap premium market

(Newser) - Plans for tapping the premium coffee market are percolating in the Bay Area, the San Francisco Chronicle reports in an in-depth look at the new generation of roasters. Emphasizing freshness and preparation, next-gen roasters are building Northwest-inspired businesses that offer patrons ground-to-order $8 cups, or $9-$11 pots prepared by a...

'Slutbucks'?
Coffee Logo
Spurs Protest

OPINION

May 10, 2008 7:29 AM CDT

'Slutbucks'? Coffee Logo Spurs Protest

Retro logo is latest Christian complaint against Starbucks—if not its worst woe

(Newser) - Starbucks' fiscal woes are well-documented, and, Mother Jones blogger Jen Phillips writes, a boycott by a Christian group could be next, over the reintroduction of its original logo, which features a nearly bare-breasted sea siren. "The Starbucks logo has a naked woman on it with her legs spread like...

Starbucks Quits the Music Biz

Apr 25, 2008 8:17 AM CDT

Starbucks Quits the Music Biz

Coffee giant sheds record label as part of shakeup

(Newser) - Starbucks is handing control of its record label to Concord Music Group barely a year after it got into the music business, Variety reports. The move is part of a shakeup as the coffee chain refocuses on its core business to jolt itself out of a slump. Starbucks' label Hear...

Starbucks Goes Decaf
on Earnings Outlook

Apr 23, 2008 7:05 PM CDT

Starbucks Goes Decaf on Earnings Outlook

Stumbling US economy will water down quarterly profits, '08 forecast

(Newser) - The slumping US economy means Starbucks' quarterly profits won't meet estimates when figures are released April 30, the coffee giant said today. Analysts expected earnings of 21 cents per share for the quarter ended March 30; Starbucks expects 15 cents, the Wall Street Journal reports. It now predicts yearly sales...

Starbucks to Pour Freebies

Apr 7, 2008 8:59 PM CDT

Starbucks to Pour Freebies

Execs hope new 'everyday' blend will boost soft sales

(Newser) - Starbucks will pour a new blend for free tomorrow (Tuesday) in an effort to rekindle customer love, the Seattle Post-Intelligencer reports. The company is keeping the blend's ingredients—“subtle, rich flavors of cocoa and toasted nuts"—under wraps, and hopes it will boost sales as Starbucks faces fresh...

Starbucks Balks at Paying Back Barista Tips

Mar 28, 2008 9:41 AM CDT

Starbucks Balks at Paying Back Barista Tips

Firm challenges court ruling, calls it 'unfair beyond reason'

(Newser) - Starbucks is defying a California court ruling, arguing a judge has created a tempest in a tip jar, reports the Seattle Post-Intelligencer. The court ruled the coffee shop must pay nearly $100 million to California baristas forced to share tips with their supervisors. Similar suits have been filed in Minnesota...

When Dumb Lawsuits Attack

Mar 23, 2008 5:00 AM CDT

When Dumb Lawsuits Attack

Damages claimed for mistaken impressions, aggressive toilet seat

(Newser) - Emotional trauma because she used the men’s restroom? Surfer in pain after losing his wave? The Daily Mirror digs up the silliest lawsuits ever filed:

Whale tale: After their 27-year-old son was found dead on the back of an orca, parents sued SeaWorld for depicting killer whales as huggable

...

Starbucks
Owes Baristas
$100M in Tips

Mar 21, 2008 7:14 AM CDT

Starbucks Owes Baristas $100M in Tips

Court says supervisors shouldn't be taking a cut out of tip jar

(Newser) - Starbucks will have to shell out more than $100 million to its baristas in California because they had to share the tip jar with supervisors, the Seattle Post-Intelligencer reports. A judge ruled that the coffee giant violated the state's labor code and ordered it to make amends to 120,000...

Starbucks Rolls Out
Customer-Focused Changes

UPDATED

Mar 19, 2008 2:46 PM CDT

Starbucks Rolls Out Customer-Focused Changes

Loyalty card, new machines headline plans to jolt coffee giant

(Newser) - A customer-loyalty card, a new website and upgraded brewing machines highlighted changes in store at Starbucks, the Wall Street Journal reports, with CEO Howard Schultz using today's annual meeting to re-focus the firm on quality of customer experience. The card will offer rewards for regulars at the coffee giant, which...

Rivals Earn as Starbucks Learns

Feb 27, 2008 8:10 AM CST

Rivals Earn as Starbucks Learns

Rival coffee chains target customers as Starbucks takes training break

(Newser) - Starbucks customers and competition alike got to know each other yesterday as the java giant closed for a 3-hour training break for all employee, reports the AP. "Free-market economy, baby! You've got to take advantage of what the competition throws at you," said one former Starbucks devotee swilling...

Starbucks to Close 7,100 US Stores Today

Feb 26, 2008 12:20 PM CST

Starbucks to Close 7,100 US Stores Today

Relax: It's just for 3 hours, and Dunkin' Donuts has 99¢ coffee

(Newser) - Get your afternoon latte early today, because Starbucks—all 7,100 US locations—is closing at 5:30pm for 3 hours of staff training, CNNMoney reports. The company says it hopes baristas will “deepen their passion for coffee” and even “transform the customer experience,” not to speak...

Mickey D's Risks Big
in Java War

Feb 24, 2008 5:58 AM CST

Mickey D's Risks Big in Java War

New coffee line is risky business for Golden Arches, Tribune says

(Newser) - McDonald’s may have Egg McMuffin on its face if it can't out-grind Starbucks with a new line of premium coffees, the Chicago Tribune reports. The new coffee rollout, threatened by a shaky economy, marks one of the company’s riskiest launches ever, according to analysts. As food and labor...

Starbucks Testing $2.50 Cup of Brew

Feb 15, 2008 9:03 AM CST

Starbucks Testing $2.50 Cup of Brew

Slumping company looks to both high-end and low-end products

(Newser) - Struggling with its first major sales slump, Starbucks hopes to lure back customers with a $2.50 cup of luxury coffee. The company hopes to find a high-end niche among serious coffee aficionados with the new brew, made in an $11,000 gizmo similar to a French press, Bloomberg reports....

Saudi Religious Cops Toss US Exec in Pokey

Feb 7, 2008 8:25 AM CST

Saudi Religious Cops Toss US Exec in Pokey

Her crime? Sitting with a male colleague at Starbucks

(Newser) - A 37-year-old American businesswoman says Saudi Arabia's religious police swooped her out of a Riyadh Starbucks and bundled her off to jail, where she was strip searched, humiliated, and bullied into signing confessions, reports the Times of London—all for sharing a table with a male colleague when the Internet...

Fortune Names Top Employers

Feb 3, 2008 5:32 AM CST

Fortune Names Top Employers

Fortune Lists the top 100

(Newser) - Thinking of a career move? Fortune Magazine has released its 100 best employers for 2008 list—and the top 10 are:

Google (Mountain View, CA)
Quicken Loans (Livonia, MI)
Wegmans Food Markets (Rochester, NY)
Edward Jones (St. Louis, MO)
Genentech (South San Francisco, CA)

Bonds Confidence Boosts Stocks

MARKETS

Jan 31, 2008 3:32 PM CST

Bonds Confidence Boosts Stocks

Insurer MBIA says its rating will be just fine

(Newser) - Markets were up sharply today on calming words from bond insurer MBIA, with the Dow closing at 12,650.36, up 207.53. The company said its triple-A rating was not vulnerable and that it was solvent enough to weather the mortgage crisis, MarketWatch reports. The Nasdaq gained 40.86...