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Starbucks

Financing

Starbucks is pushing takeout, but still banking on its experience

 By Jonathan Maze on Dec. 10, 2020

The company plans to maintain aggressive growth in the U.S. with drive-thrus and takeout-only locations, but it also believes experiential customers will return.

Financing

Starbucks expects to pay all its workers $15 an hour within three years

 By Jonathan Maze on Dec. 10, 2020

The company said 30% of its workers already make more than that, and the rest should make it within “two to three years.”

Leadership

Starbucks names Mellody Hobson non-executive board chair

By Jonathan Maze on Dec. 09, 2020

The co-CEO of Ariel Investments and current vice-chair will take over for Myron Ullman, who will retire from the coffee chain’s board in March.

Financing

Starbucks is giving its employees a pay hike

By Jonathan Maze on Nov. 19, 2020

The coffee chain is giving its workers at least a 10% pay increase as it works to attract and keep employees.

Food

8 unique LTOs trending around the world

By Patricia Cobe on Nov. 09, 2020

New items launching on global chain menus may provide inspiration for innovation stateside.

Financing

As the pandemic hammered Starbucks, Dunkin’ took advantage

By Jonathan Maze on Nov. 02, 2020

The Canton, Mass.-based chain has recovered more quickly than its Seattle-based rival. Here’s why, says RB’s The Bottom Line.

Financing

Pumpkin products propel Starbucks’ recovery

By Jonathan Maze on Oct. 30, 2020

The chain’s same-store sales improved in September, thanks to strong sales of the Pumpkin Cream Cold Brew and big consumer orders.

Financing

Starbucks will close another 100 U.S. locations

By Jonathan Maze on Oct. 30, 2020

The chain now expects to close 500 domestic locations in the next year as the chain accelerates its shift away from poor-performing urban areas.

Food

Secret menus are thriving in the digital underground

By Patricia Cobe on Oct. 21, 2020

Those in the know can unearth items that aren’t posted on menus.

Workforce

Starbucks promises a more diverse corporate workforce

By Jonathan Maze on Oct. 14, 2020

The coffee giant will tie executive pay to diversity targets and says that 30% of its corporate staff at all levels will come from diverse groups.

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