Starbucks

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Starbucks Founder Back in CEO Saddle

Will pare back coffee giant after sales stall and stocks tumble

(Newser) - Starbucks reacted to slow sales and new competition today by bringing back founder Howard Schultz as CEO, replacing folksy chief exec Jim Donald. "We must address the challenges we face and we know what has to be done," Schultz said. Schultz vows to reignite sales by trimming back...

New McD's Menu Muscles In on Starbucks

Fast-food giant adds baristas, fancy coffee, $1B in sales

(Newser) - You’ll be able to get cappuccinos, lattes, and frappes from a certified barista beneath the Golden Arches this fall, reports the Wall Street Journal, as McDonald's takes on Starbucks. It’s the fast-food behemoth's biggest menu addition in 30 years, and the company expects it to bring in $1...

Starbucks Patrons Spread the Cheer
Starbucks Patrons Spread the Cheer
Dec 21, 2007 5:02 PM CST

Starbucks Patrons Spread the Cheer

Pay-it-forward treat proves contagious at Washington store

(Newser) - In what's being hailed as a true display of holiday goodwill, customers at a Starbucks in Marysville, Wash., have been "paying ahead"—paying for the next car in the drive-through order—in a “chain of cheer” more than 800 lattes long. The Seattle Times reports that the...

Dow Up After Roller-Coaster Day
Dow Up After Roller-Coaster Day
MARKETS
Nov 16, 2007 3:44 PM CST

Dow Up After Roller-Coaster Day

Bad news doesn't halt rally; markets end week up

(Newser) - The major indexes closed up today after erratic trading as bad news on industrial production and new negative forecasts failed to halt an end-of-week rally. The Dow gained 66.74 to 13,176.79, the Nasdaq climbed 18.73 to 2,637.24, and the S&P 500 closed at...

Starbucks Reports First Dip in Customers

Customer traffic down at coffee-shop giant's US stores for the first time

(Newser) - Starbucks reported its first-ever decline in US customer visits today, reports Bloomberg. The coffee juggernaut lowered its profit and sales forecast, and shares of its stock fell 8.3%. The profit revision suggests that Starbucks is losing customers to McDonald's and Dunkin' Donuts, where a cup of coffee may cost...

Citizens Make Own Galaxy Far, Far Away

New York Jedi teaches lightsaber; ‘skill and confidence’ emerge

(Newser) - One unemployed theater techie is giving Industrial Light & Magic a run for its money, bringing lightsaber skills to a Manhattan dance studio and “high personal ethics” to everyday geeks. New York Jedi braintrust Master Flynn teaches swordplay, along with meditation and yoga techniques, to men bearing replicas of...

Hear Cool Tune, Click, Own It
Hear Cool Tune, Click, Own It
Oct 1, 2007 3:27 PM CDT

Hear Cool Tune, Click, Own It

Starbucks offers instant iTunes downloads for impulse buyers who like what they hear

(Newser) - Ever hear a song in a coffee shop, and reminded yourself to look it up later? Starbucks is taking the “later” out of the equation, allowing latte-sippers in New York, Seattle, and soon other cities, to log on and buy whatever they’re hearing instantly off iTunes. It’s...

Joni Wows With Shine
Joni Wows
With Shine
Sep 25, 2007 6:25 PM CDT

Joni Wows With Shine

Mitchell’s first new work in a decade is ‘biting, sartorial and poetic’

(Newser) - Joni Mitchell has dropped new material for the first time in 10 years, and Shine is wowing critics. It “isn’t a coffee table record,” raves AllMusic, in awarding it 4 of 5 stars; “it won’t attract record execs looking for a resurrection." That’s...

Apple Issues Warning on Hacked iPhones

Unlocked phones will be 'irreparably damaged' by upgrade

(Newser) - IPhones that have been unlocked to work on cellular networks other than AT&T may be damaged "irreparably" by an iPhone software update being released this week, Apple warned yesterday. What's worse, the company says the unlocking also voids the warranty, so users would have to pay for replacements...

Starbucks Serving Free iTunes
Starbucks Serving Free iTunes
Sep 24, 2007 4:19 AM CDT

Starbucks Serving Free iTunes

Customers will scoop up as many as 50 million free downloads

(Newser) - For more than a month beginning next week Starbucks will offer customers free iTunes downloads of songs by major artists like Bob Dylan and Paul McCartney, reports the Seattle Post-Intelligencer. The freebie marks a new partnership between the coffee giant and Apple, Inc. Company executives expect Starbucks will give away...

Starbucks Iced by Anti-Chain Measure

San Francisco uses new law to kill coffee giant's 81st outlet

(Newser) - San Francisco deployed new anti-chain-store regulations to block Starbucks from opening its 81st outlet in city yesterday. Acting on an appeal by local merchants,  supervisors found that the planning commission hadn't followed guidelines, voted in last fall, that make it tougher for chain stores to expand in the city,...

Buck Your Starbucks Addiction
Buck Your Starbucks Addiction
Sep 4, 2007 12:40 PM CDT

Buck Your Starbucks Addiction

Your health and your wallet will benefit from a little moderation

(Newser) - Though Starbucks' recent price hike averages just 9 cents a cup, that's still $50 a year for a java junkie with a five-latte-a-week habit. Save yourself with these tips from the Chicago Tribune:
  1. A 300-calorie snack in the afternoon is a healthier pick-me-up than coffee.

He Taught Starbucks How to Make Coffee

Alfred Peet, America's coffee king, dies at 87

(Newser) - The Dutchman who gave America an early jolt of caffeine culture died Friday at his home in Oregon, the Los Angeles Times reports. Before there was Starbucks, Alfred Peet opened Peet’s Coffee & Tea in 1966, distinguishing his coffee with high-quality beans and pioneering a roasting system that Starbucks...

Starbucks to Get First Sip of Russian Market

Legal hurdles cleared, coffee giant aims at other US brands

(Newser) - Starbucks will finally open its first Russian store next month, the Seattle Times reports, but the coffee giant will need a jolt of caffeine to achieve the brand recognition of Western rivals who've been in the market for years. Traditionally tea drinkers, Russians have warmed up to domestic coffee purveyors,...

Dunkin' Donuts Will Cut the Trans Fat

New oil won't clog arteries but will still make you fat

(Newser) - Dunkin' Donuts says it will eliminate nearly all trans fat from items on its menu by October 15—including the doughnuts. The chain will switch to a more heart-friendly blend of palm, soybean and cottonseed oils. But the company itself cautions consumers to keep the move  in perspective. "Certainly,...

Price Jump Could Ice Coffee Sales
Price Jump Could Ice Coffee Sales
Aug 1, 2007 5:26 PM CDT

Price Jump Could Ice Coffee Sales

With another price hike and competitors on its heels, will Starbucks stumble?

(Newser) - Starbucks recently hiked the cost of its coffee an average of 9¢ a cup—the seventh bump up since 1997. With a faltering stock price and learnings lagging after 15 years of solid growth, BusinessWeek wonders whether the premium coffee purveyor may have finally maxed out the market for the...

Starbucks Orders Up a Price Hike
Starbucks Orders Up
a Price Hike
Jul 23, 2007 6:34 PM CDT

Starbucks Orders Up a Price Hike

Second increase in 10 months averages an eye-opening 9 cents

(Newser) - With the cost of energy and dairy soaring, Starbucks will hike prices for the second time in less than a year at the end of the month. The 3% jump means an average 9-cent increase for coffees, lattes, and Frappuccinos, the AP reports. The hike applies to company-owned stores; licensed...

China Puts Lid on Macchiatos, Controversy

Beijing—respectfully—forbids Starbucks in Forbidden City

(Newser) - Starbucks has closed its outlet in Beijing's Forbidden City after seven years of controversy. The coffee shop had become a symbol for the intrusion of foreign culture in China's heritage, culminating in protests and government intervention. "It was a very congenial decision," a Starbucks official said. "We...

Forbidden City Gets Starbucks to Go
Forbidden City Gets Starbucks to Go
Jul 14, 2007 10:29 AM CDT

Forbidden City Gets Starbucks to Go

Chain 'respectfully' withdraws from historic site at heart of Beijing

(Newser) - Starbucks shuttered its store in Beijing’s Forbidden City yesterday, ending months of controversy over the American chain’s presence at the former imperial palace. The 600-year-old complex, one of the most popular tourist attractions in the world, is now a museum where the caffeine titan opened its doors in...

Small Towns to Chain Stores: Let Us Shop!

Little places lure big retailers at annual shopping convention

(Newser) - Small towns and exurbs are bending over backwards to woo national retail chains, Governing magazine reports from the International Council of Shopping Centers' convention. Phalanxes of city reps descend on the dizzingly massive—and cutthroat—annual spring conference in Vegas, attempting to raise their profile and land a Pottery Barn...

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