The company said it would close four regional offices and take a $400 million charge related to the changes.
Category: Starbucks Corporation
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Starbucks to Layoff 300 Corporate Workers
The New York Times – Business: -
Fast-Food Sales Rise Despite Higher Gas Prices
The New York Times – Business:Fallout from the war in Iran didn’t dampen quarterly results at McDonald’s, Burger King and Taco Bell.
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Starbucks Reports Strong Store Traffic and Rise in Quarterly Sales
The New York Times – Business:The chain’s chief executive credited its turnaround plan for improved U.S. same-store sales, but said higher gas and utility costs were a concern.
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The Battle Over Refreshers Heats Up as McDonald’s Enters the Mix
The New York Times – Business:The fast-food giant will add fruit-flavored drinks to its menus next month as chains like Dunkin’ and Starbucks sell more cold drinks than hot ones.
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The Battle Over Refreshers Heats Up as McDonald’s Enters the Mix
The New York Times – Business:The fast-food giant will add fruit-flavored drinks to its menus next month as chains like Dunkin’ and Starbucks sell more cold drinks than hot ones.
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A Must for the Next Food Craze? Be ‘Social Media Gorgeous.’
The New York Times – Business:The ascent of ube has little to do with the purple yam’s taste or Filipino origins. It’s the color, flavor experts say.
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Why College Graduates Feel Betrayed
The New York Times – Business:Their anger goes far beyond the recent rise of unemployment and the looming threat of A.I.
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Starbucks Says Turnaround ‘Ahead of Schedule’ as Sales Rebound
The coffee chain’s stock jumped after a better-than-expected earnings report.
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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.