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Starbucks Is 'The Millennials' Parents' Coffee House' That Can Get Away With Charging $10 For Coffee
Wednesday, December 7, 2016 - 3:26pm | 241$10 for a cup of coffee? That's one part of Starbucks Corporation (NASDAQ: SBUX)'s plan to jolt the company's brand. According to Reuters, Starbucks' co-founder Howard Schultz will step down as CEO and focus on building 1,000 new "Reserve" brand stores and up to 30 large Reserve Roastery and...
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Howard Schultz Highlights Starbucks' Investor Day
Wednesday, December 7, 2016 - 12:31pm | 532Starbucks Corporation (NASDAQ: SBUX) has been in the spotlight ever since it announced the decision by its celebrated CEO Howard Schultz to relinquish office in favor of chief operations officer Kevin Johnson, effective April 3, 2017. Schultz will transition to the executive chairman role....
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No Missteps Expected As Starbucks CEO Schultz Passes The Baton
Friday, December 2, 2016 - 4:32pm | 228Oppenheimer said in a note on Friday that the CEO transition at Starbucks Corporation (NASDAQ: SBUX) is unlikely to lead to any unexpected missteps, as chief operating officer Kevin Johnson, who is set to take over from Howard Schultz, was already involved in running the business on a daily...
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Jack Ma Is Prepared To Step Away From Alibaba ... Just Not Yet
Friday, December 2, 2016 - 2:56pm | 268Even as the Street is coming to terms with the relinquishing of office by Howard Schultz, CEO of Starbucks Corporation (NASDAQ: SBUX), reports of another high profile departure have begun doing the rounds. A report filed by the Nikkei Asian Review showed that Ma intends to quit as chairman of...
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Schultz's Shifting His Starbucks Role Doesn't Equal A Major Shift In The Business Plan
Friday, December 2, 2016 - 2:18pm | 186Following an announcement from Starbucks Corporation (NASDAQ: SBUX) regarding the stepping down of its CEO Howard Schultz, Stephens said it does not anticipate a major shift in business. The company also announced that chief operating officer Kevin Johnson will take over from Schultz, effective...
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Starbucks CEO Change: Why This Won't Be 2000 All Over Again
Friday, December 2, 2016 - 9:40am | 305On Thursday, Starbucks Corporation (NASDAQ: SBUX) announced that Howard Schultz would be stepping down as CEO to take on the role of executive chairman. BTIG’s Peter Saleh maintains a Buy rating on the company, with a price target of $64. Executive Change Mentioning that this executive...
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Howard Schultz To Step Down As Starbucks CEO, Kevin Johnson To Assume Role In April
Thursday, December 1, 2016 - 5:15pm | 175Howard Schultz will be stepping down as chief executive officer of Starbucks Corporation (NASDAQ: SBUX). Kevin Johnson will takeover CEO duties on April 3, 2017. The stock is down about 4 percent at $56.30 in the after-hours session. TheStreet's Brian Sozzi wrote in July, "Schultz...
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Starbucks Introduces New Cold Menu: Here Are The Details
Tuesday, May 31, 2016 - 11:27am | 299Starbucks Corporation (NASDAQ: SBUX) announced on Tuesday a new menu, which consists of cold beverages that will become the basis of its "cold bar" of coffee and espresso products. Starbucks' new cold menu is part of the company's commitment to gaining share in the iced beverages segment and...
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Starbucks' Plan To Break Through China's Tea Consuming Middle Class
Thursday, May 26, 2016 - 3:06pm | 673Starbucks Corporation (NASDAQ: SBUX) announced further expansion into China with its first international Starbucks Roastery and Reserve Tasting Room. The Shanghai, China, location will debut in 2017 as part of its move to further expand into China and capitalize on its middle-class population. The...
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Starbucks: The 'New Era' Of Music Is Here
Tuesday, January 19, 2016 - 2:43pm | 325According to Starbucks Corporation (NASDAQ: SBUX), the "new era" of music is here and can be experienced at more than 7,500 restaurant locations. Starbucks stated in a blog post that it has launched a new "digital music experience" with Spotify, a streaming music service,...
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Starbucks Surged After Announcing It Will Open 500 New Stores In China Every Year For The Next Five Years
Tuesday, January 12, 2016 - 12:09pm | 259According to The Wall Street Journal, Starbucks Corporation (NASDAQ: SBUX)'s ambitions in the Chinese market is much larger than previously expected. Starbucks' CEO Howard Schultz told WSJ that the company plans on opening 500 new stores in China every year for the next five years....
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Starbucks Is Betting On China
Tuesday, January 12, 2016 - 11:51am | 361Concerns about the Chinese economy have weighed on markets around the world for more than a year as many worry that Beijing will be unable to turn things around any time soon. Companies like Hershey Co (NYSE: HSY) have seen its Chinese sales slide as the nation struggles to regain its...
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Cramer: McDonald's Is A Buy More Than Any Other Stock In The Dow
Friday, May 8, 2015 - 2:51pm | 372McDonald's Corporation (NYSE: MCD) declared its global comp sales for April earlier on Friday, which were much better than analysts' expectations. While the Street was expecting a decline of 1.8 percent, the company reported a decline of just 0.6 percent. CNBC’s Jim Cramer recently...
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Starbucks Annual Shareholder Meeting: A Play-By-Play Recap
Wednesday, March 18, 2015 - 12:55pm | 1157Starbucks Corporation (NASDAQ: SBUX) will hold its shareholder meeting Wednesday afternoon. Below is a live blog of the event. The meeting is expected to begin at 1:00 p.m. EDT. 04:30:26pm: The meeting has ended. 04:21:33pm: Schultz said it would fix its gluten-free issues after an investor...
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Jefferies: Starbucks 'Continues To Crank'
Thursday, February 26, 2015 - 12:41pm | 229In a report published Wednesday, Jefferies analyst Andy Barish detailed a recent meeting with Starbucks Corporation (NASDAQ: SBUX) executives and found the company's Chief Financial Officer Scott Maw "upbeat" about the company's prospects. "Starbucks is likely seeing some positive changes in...