Starbucks' Slowdown

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January 2008
- Starbucks Cuts Stores, Skips Breakfast
  
  Seattle Post-Intelligencer | Jan 31, 08 9:25 AM CST
  
  (Newser) - The founder and returning head of Starbucks has announced plans to turn the flagging operation around by taking it back to its intimate coffee-house roots, reports the Seattle Post-Intelligencer . CEO Howard Schultz is ditching the chain's profitable morning sandwich line after listening to advice from baristas who complained that the smell of the food was overpowering the aroma of coffee and detracting from the Starbucks "experience." More »
- Fired CEO to get cash payout from Starbucks
  
  Seattle Post-Intelligencer | Jan 28, 08
  
  Jim Donald, forced out this month as chief executive of Starbucks Corp., will receive a $1.25 million severance payment. He also agreed not to compete against his former employer for 18 months, according to a securities filing released Monday.
- Starbucks Tries Out $1 Coffee
  
  Wall Street Journal | Jan 23, 08 2:50 PM CST
  
  (Newser) - Starbucks is offering a low-cost option as it experiments with new approaches in the face of fresh competition from McDonald's, the Wall Street Journal reports. While Starbucks made its fortune on extravagantly named $4 offerings, an 8-ounce “short” cup is now available for $1 in the Seattle area, and the firm is also offering free refills on some brews. More »
- Curing what ails Starbucks
  
  New York Times | Jan 12, 08
  
  It%u2019s been almost a year since you wrote that famous memo to your executive staff, the one that caused such an uproar when it found its way onto a Starbucks-obsessed Web site, Starbucksgossip.com, and was quickly picked up by the national media. You know which one I%u2019m referring to, don%u2019t you?
- Starbucks' Union-Busting Campaign Before Judge
  
  Wall Street Journal | Jan 10, 08 3:05 AM CST
  
  (Newser) - Starbucks bosses trying to stop baristas from union organizing did some internet sleuthing to discover who had graduated from a university labor program—and even had Halloween partygoers snooped on, the Wall Street Journal reports. Starbucks' own emails detailing "our attempts to thwart a potential union situation" by identifying pro-union workers are now before a New York judge looking into claims the company violated labor laws. More »
- Starbucks Founder Back in CEO Saddle
  
  Wall Street Journal | Jan 7, 08 7:45 PM CST
  
  (Newser) - Starbucks reacted to slow sales and new competition today by bringing back founder Howard Schultz as CEO, replacing folksy chief exec Jim Donald. "We must address the challenges we face and we know what has to be done," Schultz said. Schultz vows to reignite sales by trimming back US stores and management, and expanding abroad, the Wall Street Journal reports. More »
- New McD's Menu Muscles In on Starbucks
  
  Wall Street Journal | Jan 7, 08 11:15 AM CST
  
  (Newser) - You’ll be able to get cappuccinos, lattes, and frappes from a certified barista beneath the Golden Arches this fall, reports the Wall Street Journal, as McDonald's takes on Starbucks. It’s the fast-food behemoth's biggest menu addition in 30 years, and the company expects it to bring in $1 billion annually. It’s also a huge risk, because McDonald's traditionally appeals to customers who want simple, cheap food. More »
November 2007
- Starbucks Reports First Dip in Customers
  
  Bloomberg | Nov 15, 07 9:51 PM CST
  
  (Newser) - Starbucks reported its first-ever decline in US customer visits today, reports Bloomberg. The coffee juggernaut lowered its profit and sales forecast, and shares of its stock fell 8.3%. The profit revision suggests that Starbucks is losing customers to McDonald's and Dunkin' Donuts, where a cup of coffee may cost $1 or less. More »
September 2007
- Starbucks Iced by Anti-Chain Measure
  
  San Francisco Chronicle | Sep 12, 07 2:57 PM CDT
  
  (Newser) - San Francisco deployed new anti-chain-store regulations to block Starbucks from opening its 81st outlet in city yesterday. Acting on an appeal by local merchants, supervisors found that the planning commission hadn't followed guidelines, voted in last fall, that make it tougher for chain stores to expand in the city, the Chronicle reports. More »
- Buck Your Starbucks Addiction
  
  Chicago Tribune | Sep 4, 07 12:40 PM CDT
  
  (Newser) - Though Starbucks' recent price hike averages just 9 cents a cup, that's still $50 a year for a java junkie with a five-latte-a-week habit. Save yourself with these tips from the Chicago Tribune : A 300-calorie snack in the afternoon is a healthier pick-me-up than coffee. More »
August 2007
- Starbucks to Get First Sip of Russian Market
  
  Seattle Times | Aug 30, 07 2:34 PM CDT
  
  (Newser) - Starbucks will finally open its first Russian store next month, the Seattle Times reports, but the coffee giant will need a jolt of caffeine to achieve the brand recognition of Western rivals who've been in the market for years. Traditionally tea drinkers, Russians have warmed up to domestic coffee purveyors, and few expect Starbucks' latest expansion to fail. More »
July 2007
- Forbidden City Gets Starbucks to Go
  
  Seattle Times | Jul 14, 07 10:29 AM CDT
  
  (Newser) - Starbucks shuttered its store in Beijing’s Forbidden City yesterday, ending months of controversy over the American chain’s presence at the former imperial palace. The 600-year-old complex, one of the most popular tourist attractions in the world, is now a museum where the caffeine titan opened its doors in 2000, the Seattle Times reports. More »
April 2007
- Small Towns to Chain Stores: Let Us Shop!
  
  Governing | Apr 4, 07 4:24 PM CDT
  
  (Newser) - Small towns and exurbs are bending over backwards to woo national retail chains, Governing magazine reports from the International Council of Shopping Centers' convention. Phalanxes of city reps descend on the dizzingly massive—and cutthroat—annual spring conference in Vegas, attempting to raise their profile and land a Pottery Barn or Trader Joe's. More »