Content about Starbucks Coffee Co.

June 23, 2014

Annie Young-Scrivner, executive VP of Starbucks Coffee Company and president of its Teavana business, has been elected to the Macy’s Inc. board of directors.

Cincinnati - Annie Young-Scrivner, executive VP of Starbucks Coffee Company and president of its Teavana business, has been elected to the Macy’s Inc. board of directors. The addition of Young-Scrivner brings the size of the Macy’s board of directors to 11 members.

May 14, 2014

Starbucks Coffee Company is expanding its presence in Latin America, with plans to open locations in Colombia, Bolivia and Panama.

Seattle -- Starbucks Coffee Company is expanding its presence in Latin America, with plans to open locations in Colombia, Bolivia and Panama.

Starbucks said it is on track to open its first store in Colombia, in the city of Bogota, in mid-summer 2014 through a joint venture between two of its longest-term business partners in the Latin America region – Alsea and Grupo Nutresa. During the next five years, the joint venture plans to expand aggressively in Bogota and to other major cities in Colombia.

April 24, 2014

Starbucks Coffee Company reported generally strong performance in the second quarter of fiscal 2014, compared to the same period a year earlier.

Seattle – Starbucks Coffee Company reported generally strong performance in the second quarter of fiscal 2014, compared to the same period a year earlier. Earnings per share rose 10% to $0.56, from $0.51.

Consolidated net revenues grew 9% to $3.87 billion from $3.55 billion, while consolidated same-store sales increased 6%.

The retailer cited its Teavana business, partnership with Oprah Winfrey, and new payment and loyalty technology as all contributing to overall fiscal growth.

March 14, 2014

Starbucks Coffee Company is amending its exclusive agreement to provide Keurig Green Mountain Inc. with super-premium coffee pods.

Seattle – Starbucks Coffee Company is amending its exclusive agreement to provide Keurig Green Mountain Inc. with super-premium coffee pods. The companies have updated their agreement to continue to expand Starbucks’ range of K-Cup pack offerings and to promote expanded consumer choice.

In exchange for eliminating the super-premium coffee exclusivity terms of the existing agreement, Starbucks will receive improved business terms, including significantly expanded Starbucks K-Cup pack and variety types.

March 10, 2014

Starbucks Coffee Company and the Disneyland Resort will open a new company-owned Starbucks location at Downtown Disney in Anaheim, Calif.

Seattle - Starbucks Coffee Company and the Disneyland Resort will open a new company-owned Starbucks location at Downtown Disney in Anaheim, Calif. This store will be the first of four to be operated by Starbucks across Disney properties in the U.S.

February 20, 2014

Starbucks Coffee Company has named Starbucks Canada executive VP and president Annie Young-Scrivner as executive VP and president, Teavana.

Seattle - Starbucks Coffee Company has named Starbucks Canada executive VP and president Annie Young-Scrivner as executive VP and president, Teavana. Nine-year retail operations executive and employee resources senior VP Rossann Williams has been appointed senior VP and president, Starbucks Canada.

Teavana founder and CEO Andy Mack, having helped with the integration of Teavana with Starbucks, has decided to retire from the company.

February 14, 2014

Starbucks Coffee Company is opening its first store in Brunei, the company’s 64th global market, and its 100th store in Singapore, which will give people with autism the opportunity for employment and skills.

Seattle — Starbucks Coffee Company is opening its first store in Brunei, the company’s 64th global market, and its 100th store in Singapore, which will give people with autism the opportunity for employment and skills.

January 30, 2014

Starbucks Coffee Company has announced a new leadership structure that it says positions the company to leverage its assets and operations, and gain maximum benefit from the retail, consumer, mobile and digital shifts currently underway in the global marketplace.

Seattle -- Starbucks Coffee Company has announced a new leadership structure that it says positions the company to leverage its assets and operations, and gain maximum benefit from the retail, consumer, mobile and digital shifts currently underway in the global marketplace.

January 17, 2014

Starbucks Coffee Co. announced that it has rolled out an updated version of its mobile app for iOS which provides “added layers” of protection.

Seattle -- Starbucks Coffee Co. announced that it has rolled out an updated version of its mobile app for iOS which provides “added layers” of protection. The company said it encourage customers to download the update as an additional safeguard measure.

The news comes after reports surfaced that the chain’s mobile app was not secure and leaves users vulnerable. In a letter posted on Starbucks’ website, company CIO Curt Garne  noted the app update was being done out of caution.

November 22, 2013

Tata Starbucks Limited, the 50/50 joint venture between Starbucks Coffee Company and Tata Global Beverages Limited, opens a new India flagship store in Bangalore on Saturday, Nov. 23.

Bangalore, India - Tata Starbucks Limited, the 50/50 joint venture between Starbucks Coffee Company and Tata Global Beverages Limited, opens a new India flagship store in Bangalore on Saturday, Nov. 23.

In addition to the flagship store at Koramangala, Tata Starbucks Limited will open two more stores by the end of the year at Phoenix Market City and Orion Mall at Brigade Gateway in Bangalore.

November 14, 2013

Starbucks Coffee Company and Swiss Federal Railways (SBB) on Thursday unveiled the first-ever Starbucks store on a train.

New York -- Starbucks Coffee Company and Swiss Federal Railways (SBB) on Thursday unveiled the first-ever Starbucks store on a train. The store’s maiden voyage will take place on the train line running from Geneva Airport to St. Gallen in Switzerland on Nov. 21 at 6:36 a.m.

November 13, 2013

Starbucks Coffee Company said it would pay Kraft Foods $2.79 billion to settle a dispute over the coffee-shop chain’s bagged-coffee business.

New York -- Starbucks Coffee Company said it would pay Kraft Foods $2.79 billion to settle a dispute over the coffee-shop chain’s bagged-coffee business.

The payment, ordered by an arbitrator, consists of $2.23 billion in damages and $557 million in interest and attorneys’ fees. The company said it has adequate liquidity, both in the form of cash on hand and borrowing capacity, to fund the payment and will book it as a charge to its fiscal 2013 operating expenses.

October 30, 2013

Starbucks Coffee Company reported a better-then-expected 34% rise in its fiscal fourth-quarter and raised its quarterly dividend 24%.

Seattle -- Starbucks Coffee Company on Wednesday reported a better-then-expected 34% rise in its fiscal fourth-quarter and raised its quarterly dividend 24%. The company earned $481.1 million, up from $359 million a year ago.

Total net revenues increased 13% to $3.8 billion, just short of expectations.

Global same-store sales increased 7%, driven by a 5% increase in traffic. Same-store sales were up 8% in the United States and the Americas and 8% in China/Asia Pacific region.

October 16, 2013

Close to two million customers and employees have signed Starbucks Coffee Company’s “Come Together” petition that seeks to break the current deadlock in Washington.

Seattle – Close to two million customers and employees have signed Starbucks Coffee Company’s “Come Together” petition that seeks to break the current deadlock in Washington. The petition urges the nation’s elected leaders to reopen the federal government, pay debts on time and pass a bi-partisan and comprehensive long-term budget deal by the end of the year has close to two million signatures.

October 10, 2013

Starbucks Coffee Co. is once again throwing itself into the middle of a national debate.

Seattle -- Starbucks Coffee Co. is once again throwing itself into the middle of a national debate. In an open letter on the chain’s website, founder and CEO Howard Schultz said that, starting Oct. 11, the company will circulate petitions in its stores across the nation urging lawmakers to reopen the partially closed government and avoid a looming default.

September 16, 2013

Starbucks Coffee Company on Monday opened two flagship stores in Beijing, China.

Seattle -- Starbucks Coffee Company on Monday opened two flagship stores in Beijing, China. The new Beijing flagship stores were designed by members of the in-house Starbucks global design team and the local Starbucks China Design Studio, one of 18 international design offices worldwide. One store is a “coffee tribute” store at Kerry Center and one is an “eclectic chic” 24-hour store in the Taikoo Li Sanlitun district.

August 27, 2013

Starbucks Coffee Company is making its Evolution Fresh juice and Evolution Harvest premium brands available at Whole Foods Market stores across the United States.

Seattle -- Starbucks Coffee Company is making its Evolution Fresh juice and Evolution Harvest premium brands available at Whole Foods Market stores across the United  States. This expansion advances Evolution Fresh growth plans to be in approximately 8,000 Starbucks and grocery locations by the end of the year.

August 26, 2013

Starbucks Coffee Co. does not to plan to follow in the footsteps of some other companies that are cutting health insurance benefits or reducing employees working hours in anticipation of the U.S. Affordable Care Act, Reuters reported.

New York -- Starbucks Coffee Co. does not to plan to follow in the footsteps of some other companies that are cutting health insurance benefits or reducing employees working hours in anticipation of the U.S. Affordable Care Act, Reuters reported.

August 26, 2013

Starbucks Coffee Company will enter the country of Columbia, opening a store in the first half of 2014 in Bogota.

Seattle -- Starbucks Coffee Company will enter the country of Columbia, opening a store in the first half of 2014 in Bogota. It will be operated through a joint venture between the company's Latin American franchisee, Alsea, and the food company Grupo Nutresa.

Starbucks said it has "aggressive plans" to open locations in Bogota and other major cities throughout Colombia over the next five years.

 

August 14, 2013

Starbucks Coffee Company is opening its 500th location featuring Clover brewing, with plans to double the number of Clover locations globally by the end of 2014.

Seattle – Starbucks Coffee Company is opening its 500th location featuring Clover brewing, with plans to double the number of Clover locations globally by the end of 2014. Starbucks has offered its Starbucks Reserve coffees, a line of rare and exotic small batch single origin coffees brewed with the single-cup Clover system, since 2010.

July 23, 2013

Starbucks Coffee Company is entering the yogurt business.

Seattle -- Starbucks Coffee Company is entering the yogurt business. The company announced it has entered into a strategic agreement with the makers of Dannon to offer a jointly created and developed selection of specialty yogurt products in participating Starbucks stores and in grocery channels.

June 21, 2013

Starbucks Coffee Company is raising prices on some of its beverages starting on Tuesday. Prices will rise an average of 1% starting June 25, but will vary slightly in different regions.

New York -- Starbucks Coffee Company is raising prices on some of its beverages starting on Tuesday. Prices will rise an average of 1% starting June 25, but will vary slightly in different regions.
   
"Less than a third of beverages will see a small increase in most stores," said Lisa Passe, a Starbucks spokeswoman, in an Associated Press report.

June 18, 2013

Starbucks Coffee Company will start including calorie information on menu boards in all U.S.-based corporate and licensed stores on June 25.

Seattle -- Starbucks Coffee Company will start including calorie information on menu boards in all U.S.-based corporate and licensed stores on June 25. The retailer will post calorie counts to accompany each beverage listed on the menu boards, as well as on tags to accompany food in the bakery case. All calorie counts will reflect the item as made by standard recipe and will not include potential extra calories resulting from whipped cream, different types of milk or sweetener, or other customer options.

May 31, 2013

Starbucks Coffee Company is extending its indoor no-smoking policy to the outdoors. The company will prohibit anyone up to 25 feet from a Starbucks store from smoking, effective June 1, where permitted by its leases.

Starbucks Coffee Company is extending its indoor no-smoking policy to the outdoors. The company will prohibit anyone up to 25 feet from a Starbucks store from smoking, effective June 1, where permitted by its leases. 

The new rule will apply to the 7,000 shops owned and operated by Starbucks Corp., regardless of whether they have outdoor seating areas. 

May 17, 2013

Starbucks Coffee Co. has appointed Deverl Maserang as executive VP leading the company’s global supply chain organization, effective June 3.

Seattle -- Starbucks Coffee Co. has appointed Deverl Maserang as executive VP leading the company’s global supply chain organization, effective June 3. He will be accountable for end-to-end supply chain operations globally spanning manufacturing, engineering, procurement, distribution, planning, transportation, inventory management and worldwide sourcing.

Maserang joins Starbucks from Chiquita Brands International, where he led the Global Value Chain for Chiquita and Fresh Express.