Starbucks' Slowdown

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October 2008
- CEO: Starbucks Perking Up
  
  Wall Street Journal | Oct 29, 08 6:14 PM CDT
  
  (Newser) - Starbucks' CEO says the company is percolating again and may have hit bottom in the quarter that ended in September, the Wall Street Journal reports. The chain again saw declining sales, says Howard Schultz, but he also noted a “slight improvement” in October. Starbucks has been shutting stores, and it plans to add loyalty cards to keep customers buzzed amid a spending slowdown. More »
- Dunkin' Donuts Brews Up Showdown With Starbucks
  
  Seattle Post-Intelligencer | Oct 22, 08 6:31 AM CDT
  
  (Newser) - Dunkin' Donuts is aiming to punch holes in Starbucks' share of the coffee market with an aggressive new ad campaign, the Seattle Post-Intelligencer reports. The ads portray Dunkin' Donuts coffee as being the choice of "hard-working Americans" and boast of having beaten Starbucks' house blend in blind taste tests. The Massachusetts-based chain has even launched a website for the campaign: dunkinbeatstarbucks.com. More »
- Starbucks Helped Brew Meltdown—Just Check a Map
  
  Slate | Oct 21, 08 3:48 PM CDT
  
  (Newser) - A simple tool could hold the key to predicting where the financial crisis will strike next, Daniel Gross writes on Slate: Starbucks’ Internet store locator. “Having a significant Starbucks presence is a pretty significant indicator of the degree of connectedness to the form of highly caffeinated, free-spending capitalism that got us into this mess.” More »
- Starbucks' Oatmeal Is the New McMuffin
  
  Advertising Age | Oct 14, 08 7:40 PM CDT
  
  (Newser) - The mushy breakfast you pushed away as a child has become Starbucks' most successful food launch ever—knocking reduced-fat coffeecake to No. 2 on the best-sellers chart, Advertising Age reports. Oatmeal heads up a line of healthier breakfast options the chain introduced in September. The steamy offering, which comes with packets of brown sugar, nuts, and dried fruit, has been a surprise hit among women and "millennials." More »
- UK Press Grinds Starbucks for Wasting Water
  
  Seattle Post-Intelligencer | Oct 10, 08 11:50 AM CDT
  
  (Newser) - Starbucks is abuzz as it tests new methods of spoon-cleaning, a reaction to a UK tabloid's report that the caffeine titan wastes 6.2 million gallons of water daily, the Seattle Post-Intelligencer reports. Every store leaves a tap running constantly, the Sun said; Starbucks confirmed the claim, explaining that the water was part of a “dipper well” system that sanitizes utensils. More »
August 2008
- Don't Rejoice Over Starbucks' Closing Doors
  
  Spiked | Aug 4, 08 5:07 PM CDT
  
  (Newser) - Starbucks is closing 600 stores in the US and 61 in Australia, and anti-capitalists everywhere are thrilled. Never mind 12,600 losing their jobs: It’s “a small price to pay if it means being able to walk one’s labradoodle … without having to see or smell a Starbucks,” Brendan O’Neill writes in Spiked, decrying the “socialism of fools,” more obsessed with symbols than people. More »
July 2008
- Drown Money Woes With Cups of Joe
  
  Seattle Post-Intelligencer | Jul 10, 08 11:01 AM CDT
  
  (Newser) - While Congress worries about what to do for Americans squeezed by gas prices, Starbucks has its own ideas. To lure back people who are cutting pricey lattes out of the budget, new promotions are being launched around the country, writes the Seattle Post-Intelligencer. More »
- As Starbucks Wanes, Java Fiends Revel in Indie Cafes
  
  Reuters | Jul 6, 08 6:29 PM CDT
  
  (Newser) - As Starbucks' financial troubles percolate, not all java fiends are bemoaning the loss of the chain's talls, grandes, and ventis, reports Reuters. In fact, many are celebrating the java giant's downturn and throwing their support behind small independent cafes. Starbucks is set to close 600 stores and lay off 12,000 employees while local coffee shops are sprouting up nationwide. More »
- Starbucks to Close 600 Stores Across US
  
  Seattle Times | Jul 1, 08 9:08 PM CDT
  
  (Newser) - Starbucks will close hundreds of stores across the US in its newest attempt to boost deflated profits, the Seattle Times reports. In the next nine months, about 600 stores are getting the ax, most of which opened after October 2005. About 12,000 employees will lose their jobs, but the company hopes to absorb some of them into other stores. The coffee chain also plans to open fewer than 200 new stores in the US during the next fiscal year. More »
June 2008
- Starbucks Offers Free Wi-Fi for 2 Hours a Day
  
  USA Today | Jun 3, 08 5:30 PM CDT
  
  (Newser) - Starbucks will offer its customers 2 hours of free Wi-Fi a day starting next week, its latest effort to snap out of a sales slump, USA Today reports. Those eligible need a Starbucks Card and must register online with the company's rewards program. Critics say the move isn’t the severe re-imagining the firm needs, but Starbucks argues the Internet access will pump up the already successful Starbucks Card program More »
May 2008
- Starbucks Banks on New Hardware
  
  Seattle Post-Intelligencer | May 30, 08 4:59 PM CDT
  
  (Newser) - With the grounds of a sour economy sticking between shareholders' teeth, Starbucks is looking to a new espresso machine to perk profits back up, the Seattle Post-Intelligencer reports. "What this machine is about is whether Starbucks can get its virginity back," one observer says of the semi-automatic Mastrena, which brewed its first shot in New York today. How the Mastrena might help: More »
- San Francisco Coffee Scene Heats Up
  
  San Francisco Chronicle | May 16, 08 6:10 PM CDT
  
  (Newser) - Plans for tapping the premium coffee market are percolating in the Bay Area, the San Francisco Chronicle reports in an in-depth look at the new generation of roasters. Emphasizing freshness and preparation, next-gen roasters are building Northwest-inspired businesses that offer patrons ground-to-order $8 cups, or $9-$11 pots prepared by a $20,000 halogen-powered siphon from Japan. More »
- 'Slutbucks'? Coffee Logo Spurs Protest
  
  Mother Jones | May 10, 08 7:29 AM CDT
  
  (Newser) - Starbucks' fiscal woes are well-documented, and, Mother Jones blogger Jen Phillips writes, a boycott by a Christian group could be next, over the reintroduction of its original logo, which features a nearly bare-breasted sea siren. "The Starbucks logo has a naked woman on it with her legs spread like a prostitute," says Mark Dice, the group's rep. "The company might as well call themselves Slutbucks." More »
April 2008
- Starbucks Quits the Music Biz
  
  Variety | Apr 25, 08 8:17 AM CDT
  
  (Newser) - Starbucks is handing control of its record label to Concord Music Group barely a year after it got into the music business, Variety reports. The move is part of a shakeup as the coffee chain refocuses on its core business to jolt itself out of a slump. Starbucks' label Hear Music released albums by Paul McCartney, Joni Mitchell, and James Taylor last year. More »
- Starbucks Goes Decaf on Earnings Outlook
  
  Wall Street Journal | Apr 23, 08 7:05 PM CDT
  
  (Newser) - The slumping US economy means Starbucks' quarterly prof

News Sections

Newser Specials

Stories

CEO: Starbucks Perking Up

Dunkin' Donuts Brews Up Showdown With Starbucks

Starbucks Helped Brew Meltdown—Just Check a Map

Starbucks' Oatmeal Is the New McMuffin

UK Press Grinds Starbucks for Wasting Water

Don't Rejoice Over Starbucks' Closing Doors

Drown Money Woes With Cups of Joe

As Starbucks Wanes, Java Fiends Revel in Indie Cafes

Starbucks to Close 600 Stores Across US

Starbucks Offers Free Wi-Fi for 2 Hours a Day

Starbucks Banks on New Hardware

San Francisco Coffee Scene Heats Up

'Slutbucks'? Coffee Logo Spurs Protest

Starbucks Quits the Music Biz

Starbucks Goes Decaf on Earnings Outlook