Business News
Why Starbucks Closed 400 City Stores and Moved to the Suburbs
The coffee giant shuttered locations concentrated in major cities, as part of CEO Brian Niccol's $1 billion restructuring plan.
Starbucks
Business News
Starbucks Just Experienced a ‘Record-Breaking Sales Week’ Thanks to One Line of Products
Pumpkin spice lattes are driving sky-high sales for Starbucks, just one week after the coffee chain reintroduced the popular beverage.
By Sherin Shibu
Business News
Starbucks Is Betting on Protein Cold Foam and a ‘Sugar Reduction’ to Turn Around Lagging Sales. Here’s a Look at the Sweeping Changes.
Starbucks' CEO Brian Niccol plans to revive sales through a spate of company-wide changes.
By Sherin Shibu
Business News
Starbucks Built a New ‘Luxury’ Office Near Its CEO’s Newport Beach, California Home
The 4,624-square-foot office was disclosed as part of Starbucks CEO Brian Niccol's compensation package before he started the role last fall.
By Sherin Shibu
Business News
These 2 Companies Have the Widest Pay Gap Between the CEO and the Typical Worker
The CEOs of Starbucks and Abercrombie & Fitch earn more than 6,000 times the median annual salary of a worker.
By Sherin Shibu
Business News
Starbucks Tells Employees to Return to the Office or Take a Buyout: ‘Not Everyone Will Agree with This Approach’
Starbucks CEO Brian Niccol is pushing for more in-person work, stating that it strengthens company culture.
By Sherin Shibu
Business News
Starbucks Is Looking to Remove Seed Oils From Some of Its Food Products
The coffee giant is also launching a new egg bite made with avocado oil.
By Erin Davis
Business News
Starbucks Is Offering Executives $6 Million Performance-Based Stock Grants
Starbucks CEO Brian Niccol is offering leadership stock grants if they can "meaningfully" reduce operating expenses.
By Erin Davis
Business News
Starbucks Is Changing Its Pricing. Here’s What to Know.
Starbucks is switching to a flat fee for syrup charges.
By Erin Davis
Business News
Starbucks Is Hiring a ‘Global Content Creator’ to Travel, Drink Coffee, and Get Paid Six Figures
It's the last week to apply for a coffee and travel "dream job."
By Erin Davis
Business News
Starbucks busca influencer del café: pagará por viajar y contar historias
El gigante del café busca un creador que documente su esencia en todo el mundo y conecte con nuevas audiencias digitales.
Business News
Starbucks Is Hiring a Pilot to Captain Its Company Aircraft. Here’s How Much the Job Pays.
The average airline pilot earns around $250,000 a year, according to Bureau of Labor Statistics data.
By Erin Davis
Business News
Some Starbucks Employees Aren’t Happy With the New Dress Code
Some Starbucks employees are walking out over the changes.
By Erin Davis
Business News
Starbucks Is Hiring In-Store Human Workers After Replacing People With Machines — and Finding It Didn’t Work
Starbucks CEO Brian Niccol is adding more staff to 3,000 Starbucks locations globally.
By Sherin Shibu
Business News
Here’s How Much 8 CEOs Made in 2024, From JPMorgan’s Jamie Dimon to Disney’s Bob Iger
CEO pay is on the rise, with some making tens of millions more in 2024 than they did in 2023.
By Sherin Shibu
Business News
Starbucks Is Opening a New Location Next Week — And It Was Constructed with a 3D Printer
The 1,400-square-foot 3D-printed location will only handle drive-thru and mobile orders.
By Sherin Shibu
Business News
‘We’re Not Effective’: Starbucks CEO Tells Corporate Employees to ‘Own Whether or Not This Place Grows’
After layoffs, Starbucks CEO Brian Niccol said in an internal meeting that the company's operations had to change.
By Sherin Shibu
Business News
Starbucks Is Cutting 13 Drinks From Its Menu Next Week. Here’s What to Order While You Still Can.
It's not great news for Frappuccino lovers.
By Erin Davis
Business News
‘Necessary Change’: Starbucks Is Laying Off 1,100 Corporate Workers and Eliminating Open Roles — Read the Memo
The workers who are being laid off will be told by midday on Tuesday, Feb. 25.
By Erin Davis
Business News
Starbucks Is Bringing Back a Huge Conference for Its Store Managers as New CEO Brian Niccol Stamps His Mark
Niccol said he envisions Starbucks becoming a place where people want to hang out again.
By Nora Redmond
Business News
It’s Pay-to-Stay at Starbucks As the Coffeehouse Reverses Its Open Door Policy
If you want to use the restroom, work remotely, or sit to chat with friends, you'll need to be a paying customer.
By Erin Davis
Business News
Starbucks Forced to Go Back in Time to Pay Its Employees After ‘Ransomware Incident’
A ransomware attack on third-party management software company Blue Yonder has caused Starbucks managers to rely on paper and pen to track employees' hours.
By David James
Business News
‘Additional Human Touch’: Starbucks Has a Turnaround Plan That Includes Buying 200,000 Sharpies. Here’s Why.
Faced with declining sales, Starbucks has a comeback plan that involves several changes to stores and menus. Here's a look at the changes coming to your store.
By Sherin Shibu
Business News
Starbucks Is Ditching Olive Oil Coffee From Its ‘Overly Complex’ Menu
The move is part of an effort to turn around lagging sales.
By Erin Davis
Business News
Starbucks Tells Corporate Staff to Work in the Office 3 Days a Week or It’s ‘Separation’ Time
Starbucks is cracking down on employees taking advantage of its hybrid work policy.
By Erin Davis
Business News
Starbucks’s New CEO Has More to Worry About Than His 1,000-Mile Commute
Starbucks' preliminary results for the final quarter of 2024 showed a 3% decline from last year.
By Erin Davis
Business News
Starbucks’ New CEO — Who Lives 1,000 Miles from HQ — Will Not Tell Employees What Specific Days to Come Into the Office
New CEO Brian Niccol told employees he's not into a "game of tracking" and "we're all adults here."
By Nora Redmond