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The Latest Breaking News from Starbucks

Cary store becomes 1st Chicago-area Starbucks to unionize

The vote to join an affiliate of the Service Employees International Union was 17-4 in a count supervised by the National Labor Relations Board.

Chicago Sun-Times

Baltimore baristas unionize the first Starbucks in Maryland

Starbucks baristas in Baltimore’s Mount Vernon neighborhood voted Monday to unionize, becoming the giant coffee chain’s first Maryland workers to organize amid a fast-growing national movement.

Tribune News Service

Check Out What Whales Are Doing With SBUX

A whale with a lot of money to spend has taken a noticeably bearish stance on Starbucks. Looking at options history for Starbucks (NASDAQ:SBUX) we detected 15 strange trades.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Why This Starbucks Analyst Says Stock Valuation Is At 'Historical Low'

Starbucks Corporation (NASDAQ: SBUX) is off to a brutal start to 2022, but Bank of America analyst Sara Senatore said Monday that there's reason for optimism after taking a close look at Starbucks' quarterly demand trends.

Benzinga

Bernie Sanders, AOC rally Amazon workers

If Jeff Bezos can afford a $500 million yacht, Sanders said, he can afford to pay living wages

Salon

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.

Los Angeles Times

CEOs got big raises while hiking prices

Some companies raised prices, blaming rising wages — but actually cut workers' pay, according to new report

Salon

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Labor board sues Starbucks over claims it retaliated against 3 workers who unionized

Starbucks rejects the claims.

Axios

The sweet smell of success

Though Thailand faces gloomy economic prospects with a surge in inflation, higher energy prices and persistent Covid outbreaks, a performance by Thai rapper Danupha "Milli" Khanatheerakul at the Coachella Festival in California that was capped by her eating khao nieo mamuang (mango sticky rice) on stage went viral on social…

Bangkok Post

Starbucks sued by US labor board over retaliation claims

U.S. labor officials are asking a federal court to force Starbucks Corp. to reinstate a group of activists, escalating the legal battle over the company’s response to the union campaign sweeping through its stores.

Tribune News Service

Starbucks CEO's union-busting efforts

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

Salon

Union vote scheduled for 3 Starbucks stores in Chicago

Workers at the locations have sought rights to bargain as members of Workers United, part of the Service Employees International Union.

Chicago Sun-Times

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…

Benzinga

Workers at Starbucks Reserve Roastery in Seattle vote to unionize

Workers at a second Seattle Starbucks location have joined the nationwide wave of unionization at the coffee giant — this time at one of the company's flagship roastery locations.

Tribune News Service

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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.

Manchester Evening News

I tried M&S’s new Colin the Caterpillar and Queen’s Jubilee shortbread frappes

Run, don't walk to M&S because you absolutely need to try them

Bristol Post

Sainsbury's shutting 200 cafes this month - including two in Bristol

Only 67 Sainsbury's cafes will remain open, and only one in Bristol

Daily Mirror

Billionaire Issa brothers who own Asda plan to create more than 32,000 jobs

Billionaire brothers Mohsin and Zuber Issa's EG Group is hiring almost 23,000 people in the UK by expanding more people at Asda, Cooplands and Leon and tie-ups with KFC and Starbucks

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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

Glasgow Live

Glasgow Govan Starbucks gets permission to open drive-thru until 5am

The coffee chain has been granted a late hours catering licence for its Helen Street premises, which has been popular with drivers on the M8 and the nearby police station.

Liverpool Echo

Plans for new Starbucks drive thru in Merseyside

If approved the coffee shop would be open between 6am and 11pm, seven days a week

Benzinga

Starbucks Whale Trades For April 20

A whale with a lot of money to spend has taken a noticeably bullish stance on Starbucks. Looking at options history for Starbucks (NASDAQ:SBUX) we detected 18 strange trades.

Benzinga

Read Why BTIG Slashed Starbucks Price Target By 15%

BTIG analyst Peter Saleh reduced the price target on Starbucks Corp (NASDAQ:SBUX) to $110 from $130 and kept a buy rating on the shares. The revised price target implies a 37% upside. The analyst also cut his FY22 and FY23 earnings estimates after factoring in the uncertainty of unionization, the high probability of wage and…

Benzinga

Expert Ratings for Starbucks

Starbucks (NASDAQ:SBUX) has observed the following analyst ratings within the last quarter:

Mic

Most big corporations still aren’t paying a $15 minimum wage

That number, by the way, has been the goal for so long it’s not even a livable wage anymore.

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