Latest Starbucks Corp News

Starbucks, Alibaba announce China delivery venture

Aug. 2, 2018 12:05 PM EDT

BEIJING (AP) — Starbucks and Chinese e-commerce giant Alibaba Group announced a coffee delivery venture on Thursday, joining the growing competition in China's booming delivery industry. Starbucks Coffee Co. and Alibaba Group Holding Ltd. said the venture starts next month in Beijing and Shanghai. It will...

Inflation, gas prices, tariffs squeeze consumers

Aug. 1, 2018 3:12 AM EDT

The price of a can of Coca-Cola? Likely going up. A package of Pampers? That too. Plane tickets? They also may be more expensive. These items and more may cost more in the coming months as people start feeling the effects of higher fuel prices and raw-material costs as well as a range of tariffs. Janette...

Expedia and Amazon climb while Twitter and Exxon skid

Jul. 27, 2018 5:08 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday: Twitter Inc., down $8.82 to $34.12 The social media network reported disappointing user totals and its forecast disappointed investors. Expedia Group Inc., up $11.99 to $137.79 The travel booking company's second-quarter profit was...

Starbucks says key sales figure grew only modestly in US

Jul. 26, 2018 6:05 PM EDT

SEATTLE (AP) — Starbucks says a key sales figure rose only modestly in the U.S. during the latest quarter, as it struggles to find drinks other than the Frappuccino to attract customers. The coffee chain says sales grew 1 percent at established U.S. locations. That reflected people spending more per visit,...

Kosher certifier reduces list of acceptable Starbucks drinks

Jul. 16, 2018 6:41 PM EDT

BALTIMORE (AP) — A leading company in Kosher certification has dropped some Starbucks drinks from its acceptable consumption list. The Baltimore Sun reports Star-K said this month it's dropping drinks with "syrups, sauces, toppings, powders, soy or almond milk" after the coffee behemoth ended an expanded...

Starbucks, citing ocean threat, is ditching plastic straws

Jul. 9, 2018 4:29 PM EDT

NEW YORK (AP) — Starbucks will eliminate plastic straws from all of its locations within two years, the coffee chain announced Monday, becoming the largest food and beverage company to do so as calls for businesses and cities to cut waste grow louder. While the straws account for a small percentage of the...

Starbucks employee fired after mocking stuttering customer

Jul. 5, 2018 3:07 PM EDT

NEW YORK (AP) — Starbucks says an employee in Philadelphia has been fired after reportedly mocking a customer with a stutter. The coffee chain says the behavior did not reflect the experience customers should have and the employee is no longer with Starbucks. A person on Facebook posted Sunday that his...

Asian stocks mostly up despite underlying US-China tension

Jun. 21, 2018 1:45 AM EDT

TOKYO (AP) — Asian stock markets mostly rose Thursday as concern fades over the trade tensions between the U.S. and China. Uncertainty remains, but the original tariff threats made earlier in the week were not followed by material action. KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.8 percent...

Twenty-First Century Fox and Walgreens jump; Starbucks skids

Jun. 20, 2018 4:44 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday: Twenty-First Century Fox Inc., up $3.37 to $48.08 The media company accepted a new offer from Disney to its entertainment divisions for more than $70 billion. Walgreens Boots Alliance Inc., up $3.39 to $68 S&P Dow Jones...

Are sugar worries weighing on Frappuccino sales?

Jun. 20, 2018 2:30 PM EDT

NEW YORK (AP) — Frappuccino sales are struggling, and concerns about how much sugar the slushy drinks contain may be among the reasons. Starbucks says sales from the drinks that mix coffee, ice, syrup and milk are down 3 percent from a year ago, and is blaming the "health and wellness" trend for the dip....