The coffee chain’s stock jumped after a better-than-expected earnings report.
Category: Starbucks Corporation
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Starbucks Workers Are Striking at Dozens of Stores on ‘Red Cup Day’
More than 1,000 workers at 65 stores across the United States joined the labor action, the union representing baristas said.
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Starbucks to Sell 60% of Its China Business to a Private Equity Firm
Boyu Capital will pay $4 billion for a stake in the coffee giant’s 8,000 stores in China.
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Starbucks Reports a Modest Sales Increase in Latest Quarter
Net income fell 85 percent, however, because of charges related to store closures and corporate layoffs.
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New Retail Leaders Confront Trump’s Tariffs, Policy Shifts and Weak Spending
New retail C.E.O.s are facing unexpected challenges, like tariffs and worried shoppers, as they try to address existing ones.
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Starbucks to Cut Jobs, Close Stores and Take $1 Billion Hit in Revamp Effort
The coffee chain said it would shutter some underperforming U.S. stores and eliminate 900 corporate jobs as part of a plan to build “a better, stronger and more resilient Starbucks.”
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The Starbucks C.E.O. Trying Hard to Deliver Your Drink Right, and Fast
Improved service, better seating and heartfelt messages are at the heart of Brian Niccol’s turnaround plan, but baristas say they’re under pressure.
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Tariffs on Brazil Could Leave Coffee Drinkers With a Headache
Trump’s pledge to place a 50 percent tariff on all imports from the South American nation will drive up the prices of coffee — and orange juice.
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Starbucks Profit Drops, but Leaders Say Turnaround Is Working
Profit fell 50 percent in the quarter, and the company said one reason was its hiring of additional workers to help its turnaround strategy.
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Jury Awards $50 Million to California Man Burned by Starbucks Tea
Michael Garcia, 30, underwent skin grafts on his genitals after a hot tea spilled on him in a Starbucks drive-through in 2020, his lawyers said.
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Where Have All the ‘Third Places’ Gone?
The term, coined by a sociologist in the 1980s, refers to informal public spaces where people can linger — and some say they’re disappearing.