Starbucks

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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...

Starbucks Plans to Ax 1,000 Jobs

(Newser) - Starbucks is planning to slash another 1,000 jobs by early next month, a source tells the Seattle Post-Intelligencer. About a third of Starbucks headquarters will get the ax, along with field workers and district managers, but not baristas. The Seattle-based company has cut more than 2,000 jobs and...

Economy Brews Change for Coffee Drinkers

Americans splurge on Starbucks less often, make joe at home

(Newser) - Still hitting Starbucks every day on your way to work? You’re in the minority. A recent survey found 60% of Americans buying less gourmet coffee as the economy has soured, reports Advertising Age. Starbucks’ loss has been Dunkin’ Donuts’ gain, allowing the company to expand into new markets as...

Most Caffeinated American Cities

(Newser) - Tampa residents are the nation’s most caffeinated—and in the deepest denial about their addiction, reports Reuters. Though tops in ingesting caffeine-based pain relievers, "respondents in Tampa rank number one in saying they're least likely to be addicted to caffeine," said a rep for the company that...

Coffee Nations Eye Shares in Starbucks

Colombia may buy stock, at bargain prices, in first quarter of 2009

(Newser) - The world’s coffee growing nations may swoop in to grab cheap Starbucks shares as the ailing company shutters stores and battles declining demand for premium beverages, Reuters reports. Colombia—the third-largest producer—could buy more control over the supply chain by nabbing “an important share” of the Seattle...

Oatmeal Gets Upscale Reheat
 Oatmeal Gets
 Upscale Reheat 
Dec 18, 2008 3:56 PM CST

Oatmeal Gets Upscale Reheat

Cheap, healthy breakfast an easy sell for chain stores

(Newser) - Oatmeal is getting a trendy makeover, the Wall Street Journal reports. Drawn to the modest meal by its cheap, healthy, and long-lasting ingredients, smoothie chain Jamba Juice added oatmeal to its Chicago menus today before rolling it out across the US in January, while Starbucks began offering the breakfast classic...

Starbucks Shrugs Off Big Mac Attack
Starbucks Shrugs Off
Big Mac Attack
Dec 11, 2008 3:09 AM CST

Starbucks Shrugs Off Big Mac Attack

Company refuses to get steamed as rivals move in for the kill

(Newser) - So far Starbucks isn't giving two beans about rival efforts to keep the coffee wars piping hot, the Seattle Post-Intelligencer reports. The latest not-so-subtle salvo—a McDonald's espresso billboard declaring "Four Bucks is Dumb" erected within sight of Starbucks' Seattle headquarters—has yet to meet a response, and execs...

Dow Sinks 411 on Bad News
 Dow Sinks 411 on Bad News 
MARKETS
Nov 12, 2008 3:30 PM CST

Dow Sinks 411 on Bad News

Nasdaq below 1,500 for first time in 5 years

(Newser) - Stocks plunged again today as another wave of poor earning reports soured investor sentiment, the Wall Street Journal reports. Henry Paulson's announcement of yet another new direction for the federal bailout failed to inspire confidence as the Dow closed down 411.30 points at 8,283. The Nasdaq lost 81....

Dow Off 177 on Poor Earnings
 Dow Off 177 on Poor Earnings 
MARKETS
Nov 11, 2008 3:40 PM CST

Dow Off 177 on Poor Earnings

Goldman report sends life insurance down

(Newser) - Stocks declined today as poor earnings reports made investors bearish, the Wall Street Journal reports. Although news of the Fannie/Freddie plan to speed refinancing efforts for distressed homeowners checked midday losses, the Dow dropped 176.58 to close at 8,693.96. The Nasdaq dropped 35.84, settling at 1,...

Bears Reign in Early Trading
 Bears Reign in Early Trading 
MARKET Open
Nov 11, 2008 8:57 AM CST

Bears Reign in Early Trading

Dow down triple digits again

(Newser) - Stocks were trudging downward again this morning, as investors turned a pessimistic eye towards upcoming earnings reports. The Dow was off 217 points a half-hour into the session, while the Nasdaq and S&P traced 33- and 20-point declines of their own. Those declines mirrored moves overseas, with European benchmarks...

Do Your Civic Duty and Get a Free Sex Toy

Or coffee, doughnuts, ice cream as shops reward US voters

(Newser) - Joining a host of firms rewarding US voters, a sex-toy chain is giving out self-pleasuring devices to customers who have stopped at the polls, MSNBC reports. Men get “Maverick” sleeves: “He’s always there to lend a hand, he works for every man, and he bucks the status...

CEO: Starbucks Perking Up
 CEO: Starbucks Perking Up 
Oct 29, 2008 6:14 PM CDT

CEO: Starbucks Perking Up

After drop in third quarter, coffee chain's sales improved in October

(Newser) - Starbucks' CEO says the company is percolating again and may have hit bottom in the quarter that ended in September, the Wall Street Journal reports. The chain again saw declining sales, says Howard Schultz, but he also noted a “slight improvement” in October. Starbucks has been shutting stores, and...

Dunkin' Donuts Brews Up Showdown With Starbucks

Dunkin' fires new salvo in coffee wars with blind taste tests

(Newser) - Dunkin' Donuts is aiming to punch holes in Starbucks' share of the coffee market with an aggressive new ad campaign, the Seattle Post-Intelligencer reports. The ads portray Dunkin' Donuts coffee as being the choice of "hard-working Americans" and boast of having beaten Starbucks' house blend in blind taste tests....

Starbucks Helped Brew Meltdown—Just Check a Map

Coffee empire's rise tracked (and fueled) housing's, and store locator mirrors trouble spots

(Newser) - A simple tool could hold the key to predicting where the financial crisis will strike next, Daniel Gross writes on Slate: Starbucks’ Internet store locator. “Having a significant Starbucks presence is a pretty significant indicator of the degree of connectedness to the form of highly caffeinated, free-spending capitalism that...

Starbucks' Oatmeal Is the New McMuffin

Starbucks makes comfort food trendy

(Newser) - The mushy breakfast you pushed away as a child has become Starbucks' most successful food launch ever—knocking reduced-fat coffeecake to No. 2 on the best-sellers chart, Advertising Age reports. Oatmeal heads up a line of healthier breakfast options the chain introduced in September. The steamy offering, which comes with...

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