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The Reasoned Sceptic (Free subscription) | 11/14/2008
Starbucks is in the news again this week! In my last post on the coffee retailer, here , I noted that Howard Schultz's vaunted turnaround, for which he returned to the company as CEO, had cratered in a quarterly loss. This week's Wall Street Journal piece reaffirms the coffee roaster's cutbacks on US store openings, fights with landlords as it closes locations, and even a slowdown in its overseas store...
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Restaurant News Ressource (Free subscription) | 10/30/2008
In response to questions from reporters today about the economic climate in the United States and its impact on Starbucks (NASDAQ:SBUX), Howard Schultz, chairman and ceo, made general comments about the state of consumer confidence and the retail environment.
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Seattle Times (Free subscription) | 10/29/2008
Howard Schultz says coffee chain has seen slight improvement in October. Also, Starbucks announces partnership with Red organization to eliminate AIDS in Africa.
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24/7 Wall St. (Free subscription) | 08/28/2008
When times were tough, Apple's (AAPL) Steve Jobs and Chrysler's Lee Iaccoca took salaries of $1. Starbucks (SBUX) has just announced that its management will... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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Seattle Times (Free subscription) | 08/28/2008
A pay freeze has been announced for Starbucks' CEO and other top executives. Store managers and roasters are still eligible for raises.
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Seattle Post-Intelligencer (Free subscription) | 08/28/2008
Starbucks Corp. will not be giving raises to its vice presidents nor senior management this year, including CEO Howard Schultz, according to an internal company memo.
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Denver Post (Free subscription) | 08/07/2008
NextFoods has raised $16 million from investors including a firm co-founded by Starbucks Corp. chief executive Howard Schultz.
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Innisfree (Free subscription) | 07/31/2008
The company has been hit by the deteriorating economy, particularly in the US, where high gas prices and other economic pressures have led fewer customers to seek out fancy coffee drinks. “Customers remain loyal to Starbucks and its products,” said Howard Schultz, chief executive. However, “they’re visiting less frequently,” he added. No kidding. Its necessary right now to pay $5 for a gallon of gas...but...
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Seattle Times (Free subscription) | 07/31/2008
Fresh from spending an hour on the phone explaining Starbucks' first quarterly loss to Wall Street analysts, CEO Howard Schultz was relaxed and focused. The company has challenges, he said in an interview Wednesday, but succumbing to competition from coffee-brewing rivals is not one of them.
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Baltimore Sun (Free subscription) | 07/30/2008
Starbucks Corp., which already plans to shut 600 stores, said yesterday that it was also cutting almost 1,000 non-store jobs as part of its bid to re-energize the brand and boost its profit by cutting costs. In a letter to all employees, Chief Executive Officer Howard Schultz said the gourmet coffee chain is reducing the number of positions and partners across the country. The jobs being cut are in...
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Houston Chronicle (Free subscription) | 07/29/2008
In a letter to all employees, Chief Executive Howard Schultz said the gourmet coffee chain is reducing the number of positions and partners across the country.
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San Fransisco Chronicle (Free subscription) | 07/29/2008
Starbucks says it is cutting almost 1,000 non-store jobs by July 29 as part of its bid to re-energize the brand and boost its profit by cutting costs. In a letter to all employees Tuesday, Chief Executive Howard Schultz said the gourmet coffee chain is...
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Chicago Tribune (Free subscription) | 07/05/2008
Leadership changes reflect goal to return to its successful roots Starbucks wants to get back to its roots to help turn around its ailing fortunes. It brought back the pioneering chief executive, Howard Schultz, to run the coffee chain day to day, and it has introduced a new blend, Pike Place Roast, that harks back to the location of its first Seattle store.
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Talking Biz News (Free subscription) | 07/04/2008
Sharon Waxman of Huffington Post writes that business magazine Conde Nast Portfolio may still be having some trouble with morale and now with thin ad sales. Waxman writes, “The thin display of ads in this month’s issue with Starbucks’ Howard Schultz as cover art (32 ad pages, according to a spokeswoman) was shocking to many, even [...]
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San Diego Union (Free subscription) | 07/04/2008
Starbucks wants to get back to its roots to help turn around its ailing fortunes. It brought back the pioneering chief executive Howard Schultz to run the coffee chain day to day, and it has introduced a new blend, Pike Place Roast, that harks back to the location of its first Seattle store.
