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Starbucks

Financing

Starbucks still has faith in its China business

 By Jonathan Maze on Feb. 03, 2023

Restrictions and a COVID surge in December hammered sales in the Seattle-based coffee chain's second-biggest market. But Starbucks still has big plans for the country.

Financing

Customers keep visiting Starbucks and spending more money

 By Jonathan Maze on Feb. 02, 2023

The Seattle-based coffee chain’s average weekly sales hit a record last quarter as people came in more often and spent more money when they did.

Financing

Laxman Narasimhan gets $8.8M to take the Starbucks CEO job

By Jonathan Maze on Jan. 30, 2023

The coffee giant’s “CEO elect,” who takes over the full-time job in April, received a sign-on bonus and stock awards. Howard Schultz, the interim CEO, was paid $1.

Workforce

Union wins a toehold within Peet's Coffee

By Peter Romeo on Jan. 24, 2023

The staff of a store in Northern California has voted to be represented by the same union group that's been organizing Starbucks.

Technology

Starbucks is doubling down on coffee delivery

By Jonathan Maze on Jan. 18, 2023

The coffee giant is expanding its deal with DoorDash nationwide and expects delivery to be available in all 50 states by March.

Workforce

Starbucks wants corporate staff to return to the office

By Jonathan Maze on Jan. 12, 2023

Noting that in-store workers don’t have the privilege to work from home, Interim CEO Howard Schultz said employees need to come into the office three days a week.

Workforce

Here's why Starbucks' union employees say they have to strike

By Peter Romeo on Dec. 16, 2022

Reality Check: Amid the harumphing by both sides, the actual points of disagreement between labor and management are starting to become clear.

Technology

Here’s how Starbucks’ Web3 loyalty program extension will work

By Jonathan Maze on Dec. 08, 2022

Starbucks Odyssey, a major expansion of the company’s Rewards program into the metaverse, enables customers to collect NFTs and points through interactive activities.

Financing

For Starbucks, unspent gift cards become a big business

By Jonathan Maze on Dec. 02, 2022

The Bottom Line: As customers returned to Starbucks, revenue from unspent gift cards did, too, providing the coffee giant with a weird and profitable source of funds.

Workforce

Starbucks' union drive spills over to Peet's

By Peter Romeo on Nov. 29, 2022

The group organizing Starbucks says it is working with the staffs of two Peet's units to hold elections.

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