Starbucks to Close 250 Stores in the US
The company said the affected cafes did not meet financial or customer service expectations.
The New York Times•Julie Creswell31m agoStarbucks
Organization · 22 articlesAll coverage
page 1 of 2The New York Times•Julie Creswell31m agoStarbucks is closing 250 stores. Read the memo it sent to staff.
The closures comes as Starbucks pushes hard to bring customers back into stores and returns to its core coffee offering.
- neutral toward Starbucks · 97%
Starbucks to close another 250 coffeehouses in America
Starbucks will close 250 underperforming coffeehouses in North America, the company said in a regulatory filing today, as CEO Brian Niccol deepens his turnaround push to revive sales.
BBusiness4h ago
- neutral toward Starbucks · 91%
Starbucks to shutter about 250 stores in latest round of cafe closures
Starbucks will close about 1% of its North American cafes in the latest stage of its turnaround.
- neutral toward Starbucks · 95%
Starbucks baristas reel from surges in health insurance costs: ‘I’m considering a second job’
Several workers say they’re opting to go without health coverage due to premium costs soaring this year Starbucks workers say their health insurance premiums have soared this year, in some cases more than doubling, according to a recent survey conducted by Starbucks Workers United. The survey of more than 130 Starbucks workers in both unionized and non-unionized stores, shared exclusively with the Guardian, found baristas are experiencing significant hikes in costs for their health insurance coverage starting 1 October. Continue reading...
The Guardian•Michael Sainato21 Sept
US coffee chain Starbucks plans tech centre in India
US coffee chain Starbucks has signed a pact to set up a global capability centre (GCC) in the southern Indian city of Chennai, creating roughly 800 technology jobs, the Tamil Nadu state government said today.
BBusiness21 Sept
Snoopy cups at Starbucks and McDonald’s SpongeBob toys are commanding huge markups on eBay
Adults are scooping up promotional items out of nostalgia — and playing into a frenzy around collectibles .
- neutral toward McDonald's · 96%
Starbucks, Florida AG ink deal to end lawsuit over alleged illegal DEI practices
Attorney General James Uthmeier alleged that the coffee chain excluded or disfavored nonminorities in a lawsuit that mirrored recent federal enforcement activity.
Fed delivers its first hike in 3 years. Plus, what's moving Starbucks and GE Vernova
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
America’s enthusiasm for weight-loss drugs is forcing employers to drop coverage
Major companies including PepsiCo, Cigna and Starbucks reportedly limiting GLP-1 coverage
My daughter is obsessed with Snoopy. I woke up at 3:30 a.m. to hunt down Starbucks' new viral cup.
Charlotte Mandrier woke at 3:30 a.m. to get Starbucks' new Snoopy cup for her daughter's birthday and spent about $200 on Peanuts merchandise.
Starbucks just dropped a Snoopy cup for fall, and yes, Im taking the bait
The limited-edition Peanuts + Starbucks collection includes 10 collectible items, including a Snoopy Glass Cold Cup.
Starbucks CEO Brian Niccol says next stage of turnaround focuses on cafe makeovers, customer experience
Starbucks is now two years into its turnaround under CEO Brian Niccol.
‘My boss is the Chinese customer’: Walmart China CEO Christina Zhu on how the Fortune 500 company is thriving in a tough retail market
Although many Western brands, including Starbucks and Lululemon, have struggled in China, Walmart has continued to deepen its footprint.
Starbucks bets $1bn on coffee house antidote to lonely digital lives
Easy chairs and rugs are part of chief executive Brian Niccol’s plan to make shops more inviting and boost sales
Starbucks just announced a Snoopy cup for fall, and yes, Im taking the bait
The limited-edition Peanuts + Starbucks collection includes 10 collectible items, including a Snoopy Glass Cold Cup.
What are blockchain rollups and how do they scale Ethereum
Ethereum can process roughly 15 transactions per second. That is less than a single Starbucks checkout line. Rollups are the technology that lets Ethereum handle thousands of transactions per second without sacrificing the security that makes it valuable in the…
More sips, more trips: Delta and Starbucks bring back Member-favourite way to earn miles
Delta and Starbucks are bringing back a fan-favourite way for Members to turn their Starbucks runs into future travel. Starting 5th August, eligible linked Delta SkyMiles and Starbucks Rewards Members will earn 1 mile per $1* (£0.75p) spent at participating Starbucks cafes. The update brings back a simple and intuitive way to earn rewards, making it easier for Members to see their Starbucks purchases add up to their next memorable trip with Delta.
Starbucks Stock to $120? Cramer Says Turnaround Is Accelerating
Jim Cramer raises his Starbucks price target to $120, saying shares could clear $100 as Niccol's turnaround plan gains traction.
BeInCrypto•Darryn Pollock31 Jul
Anthropic, OpenAI surpass Starbucks, McDonald’s with $120B revenue
AI's economic influence is surging, reshaping market dynamics and challenging traditional consumer brands' dominance in revenue and valuation.
CryptoBriefing•Estefano Gomez28 Jul