Starbucks Corporation (SBUX) is an American coffee company and coffeehouse chain. The chain was founded in Seattle, Washington in 1971; it operates 23,768 locations worldwide, including 13,107 (+170) in the United States, 2,204 (+86) in China, 1,418 (-12) in Canada, 1,160 (+2) in Japan and 872 in South Korea (bumping United Kingdom from 5th place) (Differences reflect growth since Jan 8, 2016). Starbucks locations serve hot and cold drinks, whole-bean coffee, microground instant coffee known as VIA, espresso, caffe latte, full- and loose-leaf teas including Teavana tea products,[6] Evolution Fresh juices, Frappuccino beverages, pastries, and snacks; some offerings (including their Pumpkin Spice Latte) are seasonal or specific to the locality of the store. Many stores sell pre-packaged food items, hot and cold sandwiches, and drinkware including mugs and tumblers; select "Starbucks Evenings" locations offer beer, wine, and appetizers. Starbucks-brand coffee, ice cream and bottled cold coffee drinks are also sold at grocery stores. Starbucks first became profitable in Seattle in the early 1980s, and despite an initial economic downturn with its expansion into the Midwest and British Columbia in the late 1980s, the company experienced revitalized prosperity with its entry into California in the early 1990s. The first Starbucks location outside North America opened in Tokyo in 1996; overseas properties now constitute almost one third of its stores. The company had opened an average of two new locations daily between 1987 and 2007.
Starbucks will open its largest store in the world in Manhattan Starbucks is planning to open its largest store in the world in Manhattan’s Chelsea neighborhood, the company said Tuesday. The Seattle-based coffee retailer will take 20,000 square feet at 61 Ninth Ave. for its second roastery, which the company describes as “coffee-as-theater.” The opening is set for 2018, the company said. The New York roastery will be modeled on Starbucks’ first roastery in Seattle, where customers chat with roasters and baristas and learn about the company’s sourcing and brewing of rare coffees. The Seattle roastery covers about 15,000 square feet; it opened in 2014. The New York megastore will be just south of Chelsea Market in a 170,000-square-foot boutique office building being developed by Vornado Realty Trust and Aurora Capital Associates. LINK - http://www.msn.com/en-us/money/comp...st-store-in-the-world-in-manhattan/ar-BBroRqM
http://time.com/4289829/starbucks-diabetes-here-i-come-apology/ Those English majors can be so cruel.
Speaking of SBUX, the local Harris Teeter next to me just put in a Starbucks in the store! Now I have to walk past it every other day and resist buying a sugar caffeinated treat!
Deutsche Bank downgraded SBUX to "hold" from "buy," citing a high valuation and "lofty" investor expectations. Shares of the coffee-making giant closed down 2.3 percent Tuesday.
I swear the Germans can only truly appreciate beer. On a serious not though, that's quite interesting. Long SBUX here.
Reported after close today (4/21/16) Earnings: EPS $0.39 and revenue $4.99B Estimates: EPS $0.39 and revenue $5.03B
http://www.bbc.com/capital/story/20160628-yuan-more-coffee-chinas-lucrative-caffeine-craze Sweet and sour coffee, here we come. Coffee culture > coffee?
How's Louis Vuitton connected to coffee? Maybe they'll be better off drinking green tea... Skyrocketting coffee prices sound awful