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The Latest Breaking News from Howard Schultz

Unionized Starbucks stores face hard work of bargaining

It’s become a common sight: jubilant Starbucks workers celebrating after successful votes to unionize at dozens of U.S. stores

The Independent UK

Starbucks Exits Russia Market, Following McDonald's, As War Against Ukraine Rages On

Starbucks, which suspended operations in Russia in early March, will permanently exit the country after fifteen years.

The Street

Revealed: Starbucks fired over 20 US union leaders in recent months

Workers at the coffee chain have filed petitions for union elections at more than 250 stores, but chief Howard Schultz publicly opposes the movement

The Guardian - US

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Starbucks chief’s £118million superyacht with pool and helipad docked at UK harbour

The yacht was spotted in Falmouth harbour on Wednesday morning, before it moved to Pendennis Shipyard later in the afternoon

Daily Mirror

Starbucks Baristas Are Unionizing, and Even Howard Schultz Can’t Make Them Stop

The return of the company’s longtime CEO hasn’t slowed the workers, who are inspiring activists at Amazon and showing the extent of labor’s new power.

Businessweek

Why This Investor Just Doubled Down On Starbucks Stock

Starbucks Corp (NASDAQ: SBUX) shares are making new 52-week lows on Tuesday, and one investor with high conviction in the name just keeps on buying.

Benzinga

Starbucks' caffeinated anti-union efforts may leave a bitter taste – but are they legal?

Good news greeted Starbucks workers on May 3, 2022, in the shape of a promise of new pay increases. But there was a catch: Employees at unionized stores – or those planning to unionize – shouldn’t expect to see a dime of this hike.

The Conversation

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Starbucks faces sweeping government complaint for anti-union campaign

Wide-ranging document represents dozens of allegations of unfair labour practices

The Independent UK

Starbucks rebukes meeting between Biden and labor union members

In a letter sent to the White House, the coffee company asked for its own meeting.

Axios

Is it Legal For Starbucks Not to Raise Wages At Its Union Stores?

Experts said Starbucks could be negotiating in bad faith if it is signaling that workers who unionize will get a worse deal than those who do not.

The Street

'I'm Just Going To Continue To Add': Why This Investor Is So Bullish On Starbucks Following Earnings

Starbucks Corp (NASDAQ: SBUX) shares have been trending lower since the start of the year, but the stock is catching some bids Wednesday after the company reported strong earnings results.

Benzinga

4 Starbucks Analysts On Q2 Earnings: Brewing China Concerns, Strong US Demand And More

Starbucks shares were rallying Wednesday after the coffee chain reported a second-quarter sales beat. The quarter was helped by strong growth and momentum in the North American segment. The big headwind facing the company is the impact of the China region, which analysts highlighted after the print.

Benzinga

Stocks Higher, Fed In Focus, Starbucks, AMD And Lyft - Five Things You Must Know

Stock futures higher ahead of fed, oil surges on EU Russia export ban; Fed in focus: rate hike path tested by slowing growth, asset price slump; Starbucks shares jump as north American sales offset China slump; AMD shares leap on Q1 earnings beat, bullish chip outlook and Lyft shares collapse…

The Street

‘Pure propaganda’: inside Starbucks’ anti-union tactics

In a state where labor culture isn’t strong, a Denver store’s union drive is notable. As soon as it was announced, high-ranking company figures began visiting

The Guardian - US

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WEKU

Starbucks says employees getting new benefits, but not at stores that are unionizing

On an investor call, Starbucks interim CEO Howard Schultz said the company was investing $1 billion to raise wages, enhance benefits and modernize stores. But unionized stores won't get some of that.

AFP

Schultz vows new investments as Starbucks aims to head off union push

New York (AFP) - Interim Starbucks CEO Howard Schultz unveiled fresh investments in US stores and employees Tuesday as the company seeks to head off a unionization campaign, while it reported strong North American sales that offset weakness in China.

Tribune News Service

Starbucks results trail estimates on higher costs, China woes

Starbucks Corp.’s U.S. operations beat expectations in the coffee chain’s latest quarter, giving interim Chief Executive Officer Howard Schultz a welcome development even as he contends with high inflation and Chinese Covid measures that hurt performance there.

AFP

Starbucks profits edge higher despite China weakness

New York (AFP) - Robust sales in North America were offset by weakness in China as Starbucks reported a modest profit increase Tuesday as it boosts investment in US stores amid a unionization campaign.

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Benzinga

Why Stephanie Link Is Watching Starbucks And This Stock Down Nearly 30% YTD

Hightower Advisors' Stephanie Link believes we are still in the midst of a bull market. Accordingly, she has identified a couple of stocks well off their highs that she would like to buy on any further weakness.

Los Angeles Times

Why Starbucks has become a huge unionization target — and why the company is in a panic

On April 7, Madison Hall, a barista and union organizer at the Starbucks store on Long Beach's bustling 2nd Street commercial strip, was invited to a session the next day to "meet with and co-create with upper-level management," Hall says.

Salon

Starbucks CEO's union-busting efforts

"Starbucks is getting desperate as it loses this war in battle after battle," said the union

Benzinga

Starbucks Appoints Former McDonalds Executive To Drive Technology Changes: Reuters

Starbucks Corp (NASDAQ:SBUX) has appointed Deb Hall Lefevre as Chief Technology Officer, effective May 2, Reuters reported. Lefevre was previously with McDonald's Corp (NYSE:MCD), where he oversaw all aspects of technology for its roughly 14,000 U.S. restaurants. The report noted the move comes as the returning CEO Howard Schultz is mulling changes to the company's…

Asharq Al-Awsat

Starbucks Eyes Changes to Mobile App, Drive-Thrus, Taps Ex-McDonald’s Exec

Starbucks has hired a former McDonald's executive to oversee technology as returning CEO Howard Schultz explores changes to the coffee chain's drive-thru, mobile order-and-pay and other systems. Deb Hall Lefevre will become Starbuck's chief technology officer on May 2, according to a spokesperson.

The Independent UK

Staff at Starbucks flagship store vote to unionize in major victory for nationwide campaign

Workers win biggest election yet with victory in coffee giant’s hometown

The Guardian - US

Union drive at Manhattan roastery shows spirit of Starbucks workers

Since the first successful drive in Buffalo, 18 US locations have unionized – including at the chichi New York ‘reserve’

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