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October 27, 2009
Starbucks' froth turns to coffee withdrawal
...those early days of frothy expansion. Starbucks entered the UK in 1998, acquiring 65 Seattle Coffee Company stores and installing its bright...country. By 2005 there were about 200 Starbucks coffee shops in London (more than Manhattan... By Esther Bintliff
October 26, 2009
Rivals take the froth off Starbucks
...those early days of frothy expansion. Starbucks entered the UK in 1998, acquiring 65 Seattle Coffee Company stores and installing its bright...country. By 2005 there were about 200 Starbucks coffee shops in London (more than Manhattan... By Esther Bintliff
April 30, 2009
Starbucks reveals long-term ad campaign
Starbucks, the coffee company that built its business on word...quality, value, and the values that Starbucks offers”. “We’re doing a very...starting to demystify the fact that Starbucks coffee does not cost $4 as people are...executive early last year, the company has sought to improve its reputation... By Jonathan Birchall in New York
January 21, 2010
Starbucks earnings jump as sales increase
...as strong holiday sales, not just in coffee, but in merchandise. Traffic in US...accounting for the revenue gains. The coffee giant also benefited from cost cuts. The company’s strong performance was helped by...to the final quarter of 2008, when coffee sales slumped amid deep uncertainty about the future of the US economy. Starbucks also had certain one-time expenses... By Greg Farrell in New York
October 9, 2006
Starbucks to push its packaged coffee
...distribution of its branded products. The company said it had expanded its relationship...the world's second-largest food company, to distribute Starbucks coffee "to a wide variety of retail channels...introduced a US loyalty card in 2001. Starbucks started selling packaged coffee in the US in 1998 through a distribution deal with Kraft. The coffee company is banking on Kraft's long-established... By Lauren Foster in New York and Thomas Clark in Seattle
March 20, 2009
It’s time to wake up and smell the coffee
I’m not a coffee drinker but even I couldn’t help notice that back in February, coffee prices suddenly shot up, putting Starbucks in a bit of hot water. Against this...I also noticed the launch of some coffee funds by specialist hedge outfit Eiger...e. these funds (USO, S&P GSCI et al) are artificially skewing the front... By David Stevenson
January 21, 2010
Starbucks posts earnings of $242m as same-store sales increase
Starbucks posted strong earnings of $242m...still pay premium prices for its coffee even in uncertain economic times...quarter at the end of 2008. The company attributed the revenue growth to...accounting for the revenue gains. The coffee giant also benefited from cost cuts. The company benefited from matching last quarter...against the fourth quarter of 2008, as coffee sales slumped amid the peak of uncertainty...about the future of the US economy. Starbucks also had certain one-time expenses... By Greg Farrell in New York
January 21, 2010
Starbucks posts strong profits
Starbucks posted strong earnings of $242m yesterday, a jump from the $64m it recorded during the comparable period last year, demonstrating that consumers will still pay premium prices for its coffee even in uncertain economic times. Total revenues for the quarter were $2.7bn, up 4 per cent from the $2.6bn recorded during the comparable quarter at the end of 2008. The company attributed the revenue growth to a 4 per cent increase in same store sales, combined with the weakening of the US dollar... By Greg Farrell
October 10, 2007
Starbucks recalls China-made mugs
Starbucks, the coffee shop chain, has become the latest US company to issue a voluntary recall of China...free coffee. In October 2006, the Starbucks recalled 73,000 Chinese-made coffee makers because faulty wiring caused...to melt their plastic shells. A Starbucks spokesman described the recall as an isolated incident and said the company had no plans to change its current... By Jonathan Birchall in New York
March 19, 2008
Starbucks in drive to improve ‘experience’
...revitalise the world’s largest coffee chain. The initiatives - ranging...expresso machines to plans for the company’s first loyalty programme - are part of a strategic shakeup at Starbucks by Mr Schultz, who resumed the...had acquired the Coffee Equipment Company, a small Seattle based company that makes innovative single-cup...grinding and brewing machines for filter coffee, which will be introduced in selected stores. Starbucks also announced its first rewards programme... By Jonathan Birchall in New York