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The Latest Breaking News from Starbucks

Is the New Starbucks CEO Failing? He Just Axed 900 Workers While Splurging on 'Cozier Chairs'

Starbucks CEO Brian Niccol is under scrutiny after axing 900 jobs and closing stores while pouring $1bn into café renovations, sparking union backlash and investor questions about the company's strategy.

International Business Times UK

Starbucks chases Gen Z nostalgia, betting $1 billion on plan to bring back the ‘third place’

The Starbucks workers’ union is not happy with the plan, which also includes store closures and hundreds of layoffs.

Fortune

Jobs at risk as Starbucks plans coffee shop closures across UK

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The Independent UK

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Starbucks to cut 900 jobs and close dozens of North American stores as sales struggle

Restructuring comes after six quarters of falling sales and growing pressure from unions over working conditions

The Guardian - US

What's Going On With Starbucks Stock Today?

Starbucks Corporation (NASDAQ: SBUX) announced a sweeping restructuring initiative this week, including the closure of coffee shops and workforce reductions, as part of its "Back to Starbucks" turnaround strategy.

Benzinga

Starbucks to close stores and lay off hundreds of staff in $1 billion restructure

Starbucks CEO Brian Niccol said employees affected by the latest layoffs will receive ‘generous’ severance packages

The Independent UK

Starbucks to close some UK coffee shops amid global cuts

The US coffee chain has launched a consultation over the proposed closures, putting jobs at risk, but has not revealed how many stores may be shut.

Evening Standard

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Starbucks to close ‘some’ UK stores as part of global restructure

Starbucks is to close "some" UK stores following a review of its global coffee shops.

The Independent UK

China's Luckin Coffee Is Racing Past Starbucks As Nationalist Sentiment, Soaring Store Counts, Triple-Digit Profit Growth Leave US Giant Scrambling

Coffeehouse chain Starbucks Corp. (NASDAQ: SBUX) is facing stiff competition in China, and its stock remains under pressure, marking a sharp divergence from its China-based arch-rival, Luckin Coffee Inc. (OTC: LKNCY), which has been soaring and hitting new highs throughout this past year.

Benzinga

Starbucks to close stores, cut 900 jobs in $1 billion restructuring

The company did not say how many stores it planned to close.

Axios

Starbucks barista fired after scrawling ‘racist’ message on Charlie Kirk’s favorite drink and handing it to shocked customer

The message was left on the side of her “Mint Majesty” tea, Kirk’s favorite drink

The Independent UK

Starbucks Shame: Worker Fired for Vile 'Racist' Scrawl on Cup of Woman Who Ordered Charlie Kirk's Drink

A Starbucks barista at a licensed Ohio store has been fired after scrawling 'racist's fav drink' on a customer's cup, sparking outrage, boycott calls, and renewed scrutiny of Starbucks' control over its licensed outlets.

International Business Times UK

Starbucks Breaks Silence On Viral Incident Where Barista Wrote Hate Message To Customer

Autumn Perkins has vowed to never spend another penny on Starbucks after ordering Charlie Kirk’s favorite drink from the global coffee giant.

Bored Panda

5 Fall Items To Get at Costco That Cost Way More at Walmart

Here are the five fall items we recommend people buy at Costco this year.

GOBankingRates

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Benzinga

Chinese Coffee Chain Wants To De-Throne Starbucks, But Experts Say Its Business Model Will Never Work

Luckin Coffee surpassed Starbucks (NASDAQ:SBUX) as the largest coffee chain in China in 2023. Now, it's setting its sights on the U.S.

Barchart

Remember Luckin Coffee Stock? China’s Viral Coffee Company Is Now in the U.S., and LKNCY Shares Are Up 46% This Year.

Luckin used to be a popular meme stock and now it is attempting to take on Starbucks with the launch of its flagship coffee stores in the U.S.

GOBankingRates

7 Best New Grocery Items at Sam’s Club To Help Combat Inflation

Here are the best eight new grocery items at Sam's Club that can help lower your monthly expenses.

International Business Times UK

Charlie Kirk Starbucks Order Sparks Outrage After Barista Refuses to Write His Name

A California Starbucks faces scrutiny after a viral video shows a barista refusing to write Charlie Kirk's name, citing political concerns.

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Benzinga

Breaking A $1,800 A Year Habit Felt 'Life-Changing.' The First Month Alone Put $126 Back In Their Pocket

A Reddit post shared how quitting a morning coffee shop routine has been nothing short of “life-changing”—and the math backs it up.

Benzinga

Starbucks CEO Brian Niccol Bets Big On Health Trends, Doubling Down On Protein, Gluten-Free Options To Match Premium Coffee Experience

Starbucks Corp. (NASDAQ:SBUX) is shifting its food strategy to appeal to health-conscious consumers, expanding protein and gluten-free options while emphasizing artisanal, premium offerings.

The Independent UK

Starbucks in U-turn on axing popular fall flavor from menu — see when it will return

Announcement comes weeks after fall menu roll out

Fortune

Starbucks CEO says the company is doubling down on protein and gluten-free options: 'I believe our food needs to match the craft of our coffee'

The famed coffee chain is looking to capitalize on growing trends around health consciousness and fitness culture.

We Got This Covered

Starbucks demands barsitas to follow costly and ‘extremely tone deaf’ rule but refuses to pay for it. So, it gets sued in 3 states

Making minimum wage workers fund corporate wishes? Peak capitalism.

The Independent UK

Starbucks throws barista who ‘refused’ to write Charlie Kirk’s name under the bus with policy statement

The Mary Sue

‘Yall are taking this toooo far…’: California woman tells Starbucks worker her name is ‘Charlie Kirk’ for cup. Then the worker refuses to write it

A Starbucks in California refused to write the name a customer provided on their cup. The reason why? She told them to write “Charlie Kirk” on her to-go cup, leading to an exchange that left many people heated in her comments section.

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