Starbucks

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Starbucks Looks to Cut Back on Rent
Starbucks
Looks to Cut Back on Rent
May 29, 2009 2:42 PM CDT

Starbucks Looks to Cut Back on Rent

Coffee chain presses landlords for 20%-25% reductions

(Newser) - Starbucks is asking some of its landlords for a venti favor: lower lease rates by as much as 25%, Bloomberg reports. With the real-estate market in decline, a rep says, “We’re taking advantage of the opportunity,” adding that most landlords foresee a “mutually beneficial situation.”...

Mickey D's Aims to Mug Starbucks in Europe

(Newser) - Just as Starbucks is scaling back its European expansion, McDonald's plans to open hundreds of new outlets offering high-end coffees and pastries on the continent, reports the Financial Times. “We can become the biggest seller of coffee in Europe,” boasted McDonald's chief financial officer. The company plans to...

Manhattan Jittery After Starbucks Bombing

(Newser) - Police and FBI agents hunted for clues after a homemade bomb blew out windows in a Manhattan Starbucks and jolted awake residents on the Upper East Side before dawn yesterday, reports the New York Times. No one was injured in the blast caused by a makeshift bomb tucked under a...

Closures Thwart Man's Goal to Visit Every Starbucks

Chain's biggest fan races against time as hundreds of stores shut down

(Newser) - Starbucks' store closure program is giving the chain's biggest fan a bad case of the jitters, the Wall Street Journal reports. The 37-year-old, who calls himself "Winter," has visited more than 9,000 Starbucks stores in a quest that has lasted over a decade, but he now faces...

McDonald's- Starbucks Java War Brewing

Marketing campaigns launch this week

(Newser) - A classy coffee war begins this week, with troubled giant Starbucks facing up-and-comer McDonald’s, the Wall Street Journal reports. Both firms are starting national marketing campaigns, with Starbucks insisting that its coffee is the best while McDonald’s tells consumers that its new lattes, cappuccinos, mochas, and hot chocolates...

Make Starbucks What It Sounds Like: a Bank

(Newser) - Forget new drinks—Starbucks should try adding a new sector, writes John Gapper in the Financial Times: banking. It might sound ridiculous to pair cappuccinos and checking accounts, but Starbucks’ 7,000 branches outstrip Bank of America, and, in Gapper’s plan, it wouldn’t even need tellers. Starbucks could...

Stocks Drop on Intel Forecast
 Stocks Drop on Intel Forecast 
MARKET Open
Apr 15, 2009 8:57 AM CDT

Stocks Drop on Intel Forecast

(Newser) - Stocks headed lower at the open, with the Dow off 42 points, the S&P down 4.75, and the Nasdaq behind 17.58. Intel was a big loser, dropping 4% after reporting a better-than-expected 55% decline in profits, and projecting flat sales. “The ‘beat and raise’ scenario...

Tea: Hot Drink of Geek Elite
 Tea: Hot Drink of Geek Elite 
Apr 3, 2009 1:42 PM CDT

Tea: Hot Drink of Geek Elite

(Newser) - Silicon Valley’s tastemakers are trading coffee for the soothing sensation of fine tea, reports Wired. The same tech giants who helped fuel the Starbucks craze are flocking to expensive teas, and tea lounges are popping up in the Bay Area to meet the demand. “It’s the new...

Starbucks: We're No 'Poster Child for Excess'

Coffee giant plans media push to reverse consumer perceptions

(Newser) - Starbucks has become a “poster child for excess,” says CEO Howard Shultz, and the traditionally advertising-shy company is planning media blitz to combat that, Advertising Age reports. TV and Internet ads and social-media efforts will attempt to change the "myth out there that there's this $4 cup...

Firms Reprice Employees' Worthless Stock Options

Repricing plans toss lifeline to 'underwater' stock option holders

(Newser) - Major firms are trying to boost morale by giving workers another chance to profit on stock options made worthless by the stock market dive, the Washington Post reports. Many employees—especially execs—are currently stuck with "underwater" options with a strike price above the trading price. Close to...

UK Minister Rips Starbucks Over Economy Jibe

'How the hell are they doing?' exclaims furious politician

(Newser) - One of Britain's leading politicians laid into an unlikely adversary yesterday: the head of Starbucks. Company chief Howard Schultz said on CNBC that "the UK is in a spiral" and was causing Starbucks considerable grief, prompting business secretary Peter Mandelson to fire back: "Why should I have this...

Food Spending Turns Anorexic
 Food Spending Turns Anorexic 
Feb 13, 2009 9:36 AM CST

Food Spending Turns Anorexic

Restaurants, name-brand food hit hard as diners opt for cheaper fare

(Newser) - Americans have trimmed their food spending sharply, hitting restaurants, food retailers, and brand-name food producers squarely in the gut, the Wall Street Journal reports. In the last quarter of 2008, spending on food plunged an inflation-adjusted 3.7% from the previous quarter, the steepest decline since the government began keeping...

Starbucks Will Sell Instant Coffee

(Newser) - Baristas may turn up their noses, but Starbucks is going to start selling instant coffee, reports Advertising Age. Starbucks Via will be available in some cafes next month. The move comes on the heels of value meals and store closings by Starbucks as it adapts to tough times. Via will...

When These Companies Recover, We Recover
When These Companies Recover, We Recover
OPINION
Feb 10, 2009 10:44 AM CST

When These Companies Recover, We Recover

The signs of the turnaround will come from everyday businesses

(Newser) - The companies best-positioned to weather the recession are market-share leaders or those that sell everyday necessities, writes Douglas A. McIntyre in Newsweek. But the economic bellwethers that will herald the recovery are more likely No. 2 or No. 3 in their industries, like Target, whose quarterly numbers should indicate when...

I'll Have a No. 2, Please: Starbucks Adds Meal Deals

Struggling coffee icon adds $3.95 breakfast deals to jolt sales

(Newser) - Starbucks is taking a page from McDonald’s book by offering $3.95 drink and breakfast deals it hopes will help reprogram consumers' perceptions of the chain as home of the $4 coffee, reports the Wall Street Journal. "It is a reset of both economic and social behavior,”...

Reality Bites Starbucks Fantasy
 Reality Bites Starbucks Fantasy 
OPINION
Feb 6, 2009 3:41 PM CST

Reality Bites Starbucks Fantasy

(Newser) - Many Americans fantasized of tuning in, dropping out, and working at Starbucks, Mary Schmich writes in the Chicago Tribune, but that dream died with the economic slowdown. “Starbucks was the great American backup plan,” Schmich writes. “The emergency exit. The parachute,” fueled by the “promise...

Starbucks Closing 200 More US Stores

(Newser) - Starbucks Corp. plans to slash nearly 7,000 more jobs during a new round of store closures and other cuts, the company said as it reported that its profit dropped by more than two-thirds in its fiscal first quarter. The coffee chain plans to close 300 underperforming stores around the...

Starbucks Will Cut Back on Afternoon Decaf

(Newser) - This one ranks among the more unusual consequences of the slow economy: Those who drink decaffeinated coffee at Starbucks may have to wait longer for an afternoon fix. The company is going to stop brewing fresh pots of decaf every 30 minutes after noon because of low demand, Bloomberg reports....

Office Politics Move From Cubicle to Starbucks

Crowded cafes can be work war zones

(Newser) - Once coffee shops were places to relax, but these days, they’re places for telecommuting workers to plug in, and they’ve taken on all the irritating trappings of an actual office, the Boston Globe reports. Laptop-toting patrons fight tooth-and-nail for power outlets and table space, using the passive-aggressive tactics...

China Knockoff Craze Gains Steam, Courage

Shanzhai culture shifts from brand names to national symbols

(Newser) - An internet variety showed parodying the annual lunar new year gala on Chinese central TV is just the most publicized knockoff generated by the country’s rebellious shanzhai culture, the Wall Street Journal reports. Once mainly the province of counterfeit name brands (think HiPhone), the web now is awash with...

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