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Starbucks Korea sacks CEO over controversial 'Tank Day' promotion
Starbucks is cutting 300 US corporate jobs and closing several regional offices as part of efforts to return to profitable growth. Read more:
Starbucks coffee: Slow down your life.#coffee#
Cramer: Starbucks layoffs aim to fix margins so CEO Niccol can 'play offense'
Howard Schultz took charge of Starbucks in the 1980s, taking a regional coffee company with 11 stores and pouring it into a global brand with 35,000 locations. He served three stints as CEO, most recently stepping down in early 2023. Since then he's focusing on his VC firm and the Schultz Family Foundation, which invests in training and hiring veterans and young people, helping veterans ensure a smooth transition back into civilian life. Schultz has carved out his spot on the #Forbes250# list, featuring people actively changing how America works, builds and invents. Get the full list: Photo: Stephen Brashear via Getty Images
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TD Cowen upgraded $SBUX to Buy and raised its PT to $120 from $106, saying Starbucks has “numerous tangible drivers” for positive sales revisions. The firm expects labor investment to be offset by sales leverage, easing COGS and non-core cost cuts.
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For today’s act of kindness for #BeKind21#, I bought gift cards at Starbucks and asked the baristas to buy coffee for the customers who came in after me. @BTWFoundation
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Celebrate #Pride# & donate to #BTWFxStarbucks# 🌈 Ur donation means helping young people feel supported for WHO THEY ARE and the world they wish to create. The Starbucks Foundation will double your impact and match donations through June 30 up to $250,000 ☺️
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