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Keyword: starbucks

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  • Starbucks burned by social-justice appeasement as growth stalls, stock plunges

    06/21/2018 1:33:18 PM PDT · by Red Badger · 63 replies ^ | 06/20/2018 | By Valerie Richardson
    Starbucks may have appeased progressives with its social-justice workshops and open-bathroom policy, but such moves have failed to caffeinate the company’s bottom line. The coffee giant’s stock took a tumble Wednesday after CEO Kevin Johnsonannounced that Starbucks would close 150 company-owned stores next year instead of the expected 50, with an emphasis on underperforming shops in densely populated urban areas, and lowered growth projections. Mr. Johnsonacknowledged that the decision to shut down 8,000 U.S. stores on May 29 for anti-bias training, driven by the high-profile arrests of two black men in Philadelphia, played a role in the company’s sluggish second-quarter...
  • Starbucks sinks after announcing a weaker-than-expected sales forecast and plans to close over

    06/20/2018 6:52:10 AM PDT · by Zakeet · 79 replies
    Market Insider ^ | June 19, 2018 | Akin Oyedele
    Complete Headline: Starbucks sinks after announcing a weaker-than-expected sales forecast and plans to close over 100 stores next year (SBUX) Starbucks shares fell by as much as 5% in after-hours trading Tuesday after the company announced a third-quarter sales forecast that was weaker than analysts had expected. Global same-store sales, at locations open for at least one year, were projected to rise 1%, weaker than the forecast for 2.9% growth according to Bloomberg. Starbucks also announced a number of strategic changes. Notably, as from 2019, it plans to shift its focus for new stores away from areas where it already...
  • Starbucks to close 150 locations in 2019

    06/19/2018 2:53:05 PM PDT · by Red Badger · 57 replies
    UPI ^ | 06/19/2018 | By Daniel Uria
    June 19 (UPI) -- Starbucks announced Tuesday it plans to close 150 underperforming stores in the 2019 fiscal year. The company will triple its traditional annual average of closing about 50 stores as part of a streamlining effort including rapidly optimizing its U.S. store portfolio. "While certain demand headwinds are transitory, and some of our cost increases are appropriate investments for the future, our recent performance does not reflect the potential of our exceptional brand and is not acceptable," Starbucks President and CEO Kevin Johnson said. In July 2017, Starbucks closed all 379 Teavana locations after the tea shop showed...
  • Starbucks Gets Million$ from U.S. Govt., Picks Soros-Funded Group to Lead Anti-Bias Training

    06/14/2018 9:20:16 AM PDT · by Diana in Wisconsin · 17 replies
    Judicial Watch ^ | June 13, 2018 | Judicial Watch Staff
    When private companies close thousands of stores for an afternoon to conduct anti-bias training it usually doesn’t affect American taxpayers, but in Starbucks’ case it does. In addition to approximately $400,000 in U.S. government contracts, the global coffeehouse chain has received millions of dollars from Uncle Sam for a coffee yield improvement project in Colombia, records uncovered by Judicial Watch show. Additionally, the anti-bias curriculum that was recently forced upon 175,000 employees was designed by a nonprofit that’s largely funded by leftwing billionaire George Soros. The group’s (Perception Institute) leadership has close ties to Democratic party politics, including Planed Parenthood...
  • Seattle city council repeals "head tax" on city's big businesses

    06/12/2018 4:25:42 PM PDT · by hoagy62 · 14 replies ^ | 6/12/18 | AP and KOMO
    Seattle leaders on Tuesday repealed a tax on large companies such as Amazon and Starbucks after a backlash from businesses, a stark reversal from a month ago when the City Council unanimously approved the effort to combat a growing homelessness crisis. The council voted 7-2 after supporters and opponents packed a meeting with signs saying, "Tax Amazon, housing for all" and "No tax on jobs," with some shouting for more time to discuss the issue. The vote showed Amazon's ability to aggressively push back on government taxes, especially in its affluent hometown where it's the largest employer and where some...
  • Seattle may pull ‘head tax’ after Amazon, Starbucks cry foul

    06/12/2018 8:28:19 AM PDT · by NohSpinZone · 24 replies
    Fox Business ^ | 6/11/18 | By Thomas Barrabi
    Seattle Mayor Jenny Durkan and city council members on Monday said they would consider legislation to repeal a “head tax” on the city’s large businesses, just weeks after the measure’s passage drew public criticism from Amazon, Starbucks and others. [SNIP] Amazon vice president and spokesman Drew Herdener said last month that the bill’s passage forced the company “to question our growth” in Seattle. "The city does not have a revenue problem – it has a spending efficiency problem. We are highly uncertain whether the city council’s anti-business positions or its spending inefficiency will change for the better," Herdener said at...
  • Mother reports man taking photos of her daughter in a Montgomery County Starbucks

    06/08/2018 5:53:22 PM PDT · by Kid Shelleen · 69 replies
    PhillyVoice ^ | 06/07/2018 | Emily Rolen
    A woman who reported that a man was taking photos of her daughter Tuesday at a Montgomery County Starbucks said an employee told her the store could not ask the man to leave. The woman, who did not want to be identified, told NBC10 that the employee at the coffee shop in East Norriton Township allegedly said the man had "been here all week doing this but we can’t ask him to leave." The employee may have been referring to Starbucks' new "Third Place Policy," which encourages employees to allow people to "gather" and "connect," but also lays out guidelines...
  • Howard Schultz established himself as a player in politics before he decided to leave Starbucks

    06/04/2018 2:29:13 PM PDT · by Red Badger · 17 replies ^ | 06/04/2018 | jacob-pramuk
    Howard Schultz is leaving Starbucks after becoming more active in politics in recent years. While Schultz has previously denied plans to run for president, he said Monday he wants to see if he can play a role in "giving back." He was a vocal Hillary Clinton supporter and has heavily criticized some policies pursued by President Donald Trump. In the years before he confirmed his plans to leave Starbucks on Monday, Howard Schultz took an active role in politics through both his words and money. Schultz has previously denied speculation that he could run for president. Still, he indicated Monday...
  • Howard Schultz, architect of modern Starbucks, to step down as executive chair and from the board

    06/04/2018 1:18:14 PM PDT · by LiveFreeOrDie2001 · 114 replies
    CNBC ^ | 6/42018 | Sarah Whitten
    Howard Schultz is stepping down from his role as executive chairman of Starbucks, effective June 26, according to a memo sent to employees Monday. Schultz is seen as the architect of the modern Starbucks, having overseen its expansion from a single coffee shop that opened in Seattle's Pike Place Market in 1971.He joined Starbucks in 1982 as director of operations and marketing. Over time he grew it into the iconic brand it is today, with more than 28,000 locations globally. Schultz's latest leadership transition sparked speculation about his potential political plans: He has been a supporter of former President Barack...
  • Never Drink Another Starbucks Coffee Again, It Funds Planned Parenthood

    06/03/2018 12:33:29 PM PDT · by Morgana · 50 replies
    LIFE NEWS ^ | June 3, 2018 | Tony Perkins
    Your tax dollars aren’t the only thing supporting Planned Parenthood — proceeds from your daily coffee may be too! By now, Starbucks’s grande agenda on social issues isn’t a surprise to anyone, except maybe its CEO. Yesterday, in an interview with Fox Business host Maria Bartiromo, Kevin Johnson seemed completely oblivious to Starbucks’s ongoing relationship with the abortion giant through its matching gift program. For Johnson, it’s been a rocky few months at the head of one of America’s biggest brands. After an embarrassing scandal in Philadelphia, when a local employee had two African Americans arrested for sitting in their...
  • Disney/ABC Should Merge with Starbucks and the NFL

    06/03/2018 7:31:55 AM PDT · by jazusamo · 33 replies
    American Thinker ^ | June 3, 2018 | Clarice Feldman
    Disney/ABC, Starbucks, and the NFL should merge, as they are this week’s prime example of how to drive away customers while engaged in absurd CEO virtue signaling. ABC/Disney I never watch television. Its news is a waste of time, with well-groomed, overpaid readers and hokey camera coverage that takes an hour to cover what 10 minutes of a well-written article can better convey. Take the news coverage itself: The EU is falling apart, the talks with North Korea are on and it looks like war will be averted and another country denuclearized, and the Mueller investigation seems more ridiculous than...
  • Top Comstock Challenger Criticized for Fake Cops in Ad

    06/02/2018 10:23:19 AM PDT · by SpeedyInTexas · 11 replies
    Roll Call ^ | 06/01/2018 | Griffin Connolly
    A new ad for Jennifer Wexton, a top Democratic challenger to Virginia GOP Rep. Barbara Comstock, briefly features three police officers signing a poster promising “Change is Coming.” But none of them are actual law enforcement. In fact, one of them is Matt Leslie, Wexton’s field director, who, according to his LinkedIn profile, has never been and is not currently police.
  • Starbucks Employees Say 'Bias' Training Was Mostly Anti-Cop Propaganda

    06/02/2018 8:14:33 AM PDT · by blueyon · 58 replies
    BlueLivesMatter/TheMaven ^ | 6/02/18 | SandyMalone
    Employees who attended Starbucks' unconscious bias training on Tuesday said the seminar was all about police brutality Philadelphia, PA – Employees of color who attended the highly-publicized “unconscious bias training” for Starbucks employees on Tuesday have reported it was more of a lesson on police brutality than anything else. Starbucks closed 8,000 stores for several hours on May 30 to facilitate seminars for its employees after the coffee shop was at the forefront of a racial controversy in April. “It felt like we were off task the entire time because we didn’t reflect on the situation itself,” a black 18-year-old...
  • Starbucks Anti-Bias Training “Missed the Mark Completely,” Say Two Philly Baristas (FAIL!)

    05/31/2018 7:17:02 AM PDT · by Kid Shelleen · 60 replies
    Philly Mag ^ | 05/31/2018 | FABIOLA CINEAS
    --SNIP-- “The videos of cops knocking people down and fighting people were really disturbing,” Tina explained. “I told them I didn’t like the video and they told me they understood and that I was open to give my opinion.” What does watching videos about police brutality have to do with the situation that happened, Tina said she kept asking herself. “They went too deep into it and missed the point all at the same time.” “At one point,” said Jamie, “a girl at my table actually had to get up and leave because video after video they showed black people...
  • Starbucks: When Your 3rd Place Is Also Your 1st and 2nd Place

    05/31/2018 5:36:14 AM PDT · by NOBO2012 · 32 replies
    MOTUS A.D. ^ | 5-31-18 | MOTUS
    Yes Virginia, there is such a thing as being terminally hip. And Starbucks is afflicted.If you’re unhip like me you had to look up “third place” In community building, the third place is the social surroundings separate from the two usual social environments of home ("first place") and the workplace ("second place"). Examples of third places would be environments such as churches, cafes, clubs, public libraries, or parks. – Wiki James Wood, who lives and works with hipsters, grasped its meaning immediately and responded accordingly:Because the primary reason homeless people people use Starbucks as their “third place” is to use...
  • The nine questions Starbucks asked US employees about race

    05/30/2018 12:50:58 PM PDT · by yesthatjallen · 156 replies
    Daily Mail ^ | 30 May 2018 | Tariq Tahir
    The questions Starbucks asked employees about race The first time you.. Recall when you first experienced your racial identity. It may have been when you were a child, it may have been last week. If the scenario doesn't apply to you feel free to leave it blank and move onto the next one. 1. ...noticed your racial identity 2. ...noticed how your race affected beauty standards 3. ...felt your accent impacted people's perception of your intelligence or competence 4. ...altered your communication style (dialed up or down) to avoid playing into stereotypes 5. ...had a friend of a different race...
  • 4 Starbucks Employees on What the Racial-Bias Training Was Really Like

    05/30/2018 12:41:27 PM PDT · by yesthatjallen · 54 replies
    The Cut ^ | May 30, 2018 | Amanda Arnold
    On May 29, more than 8,000 Starbucks nationwide closed for mandatory “racial-bias education” after a Philadelphia store manager sparked outrage for calling the cops on two black men who asked to use the bathroom before placing an order. For four hours, approximately 175,000 employees watched informational videos about the history of workplace discrimination, spoke to their co-workers about their personal experiences of bias, and filled out notebooks containing questions related to race and privilege. In the lead-up to Tuesday, Starbucks’s strategy was met with praise and skepticism, as many wondered whether a single day of training could really have an...
  • Starbucks chairman: Trump's rhetoric partly to blame for 'racial divide(Puke alarm!)

    05/30/2018 8:59:33 AM PDT · by rktman · 72 replies ^ | 5/29/2018 | Justin Wise
    Starbucks executive chairman Howard Schultz said on Tuesday that President Trump's rhetoric on race is partly to blame for the country's "racial divide." Schultz said he believes the president has given people license to copy the "behavior and language that comes out of this administration," in an interview with CNN Tuesday. "Having said that, the racial divide and the inequities that exist between people of color and caucasians in America is a problem that's existed for quite some time and I think — we have to ask ourselves a very important question and that is, what kind of country do...
  • Megyn Kelly Warns ‘Mass of Homeless People’ Could Come to Starbucks

    05/30/2018 6:24:50 AM PDT · by davikkm · 92 replies
    breitbart ^ | Joshua Caplan
    Megyn Kelly — host of NBC’s Megyn Kelly Today — took aim at Starbucks’ new bathroom policy on Tuesday, allowing anyone to use the coffee shop’s facilities regardless of whether they made a purchase. While discussing Starbucks’ race bias training initiative taking place at more than 8,000 locations today, Kelly lamented customers of the coffee giant who spend hours at its shops. “That’s annoying already,” Kelly complained in response to guest Amy Holmes suggesting Starbucks already has people hanging around for long periods of time. Panelist Jenna Bush responded by saying that she thinks the policy is “compassionate” and shows...
  • On Starbucks: Looking Beyond Implicit Bias Training to Systemic Solutions

    05/29/2018 10:56:02 PM PDT · by 2ndDivisionVet · 34 replies
    Color Lines ^ | May 29, 2018 | Glenn Harris
    Race Forward president Glenn Harris on why Starbucks’ mandatory anti-bias training is a good start, but far from a cure for what ails America. Today (May 29), Starbucks is closing more than 8,000 stores for an afternoon while nearly 175,000 employees undergo training meant to address demonstrated racial bias. But what follows the training is even more important. The arrest of Donte Robinson and Rashon Nelson for simply existing as Black men at one of the coffee retailer’s Philadelphia locations last month is far from an isolated incident. Rather, the display of racism that drove Starbucks to respond is emblematic...