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coffee

Financing

Starbucks now has more global locations than Subway

 By Jonathan Maze on Mar. 13, 2024

The coffee shop chain, which added some 3,000 locations worldwide last year, is now the second-most prolific restaurant chain in the world.

Financing

Starbucks' latest union battle is over its board

 By Jonathan Maze on Feb. 23, 2024

Labor activists argue that the company’s union stance has been bad for its brand and warrants new board members. The coffee shop chain is pushing back hard.

Operations

Starbucks plans to make its coffee shops more accessible

By Jonathan Maze on Feb. 16, 2024

New and remodeled shops will follow new guidelines to make them more accessible for customers and workers. The first such location opened Friday in Washington, D.C.

Financing

Fast-growing 7 Brew Coffee gets growth investment from Blackstone

By Heather Lalley on Feb. 15, 2024

With the transaction, early investor Jimmy John Liautaud of sandwich chain fame sold his stake in the drive-thru coffee-stand concept.

Financing

Here are 5 big details Starbucks just revealed to investors

By Jonathan Maze on Feb. 01, 2024

The coffee shop chain sells a lot of gift cards, has plans for late-night delivery and new product introductions. And young people like their beverages cold.

Financing

Starbucks defends its China strategy, even as rival Luckin surges

By Jonathan Maze on Jan. 31, 2024

The coffee shop chain expressed confidence in its key China market despite soft sales there. “We are not interested in entering the price war.”

Financing

Starbucks loses the occasional customer

By Jonathan Maze on Jan. 30, 2024

The coffee giant reported strong results from its loyalty members, who came into its shops more often and spent more in the process. But everybody else was a problem.

Food

Starbucks is taking its olive oil coffee national

By Jonathan Maze on Jan. 29, 2024

The coffee giant will start selling its Oleato beverages throughout the U.S. this week and is adding a new option for good measure.

Financing

Starbucks' U.S. sales apparently took a big hit late last year

By Jonathan Maze on Jan. 25, 2024

The coffee chain’s sales and traffic slowed from October through December, according to the research firm Earnest Insights, the latest evidence of a slowdown.

Financing

After a critical self-assessment, Starbucks pursues a course correction on labor

By Peter Romeo on Jan. 23, 2024

Management says it’s regearing for life as a partially unionized business, in part by improving baristas’ experiences.

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