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Starbucks is planning to add 17,000 stores by 2030, going against a trend where many other retailers are closing down locations. The plan also involves cutting $3 billion in costs over a three-year span, according to CNBC. The announcement, which was unveiled Thursday, is part of former CEO Howard Schultz’s broader reinvention strategy for the company.

Starbucks suspends all business in Russia as Putin’s forces attack Ukraine This is breaking news. Please check back for updates.

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...

Union claims Starbucks win August 31, 2006 A union claiming to represent Starbucks Corp. workers at a handful of coffeehouses said Wednesday that employees of the Logan Square store have declared their membership, becoming the first outside New York City to do so. The baristas at the Logan Square Starbucks, 2759 W. Logan Blvd., joined the IWW Starbucks Workers Union on Tuesday night, the union said. They issued a set of demands that included a living wage, guaranteed work hours and the reinstatement of IWW baristas fired for organizing activity. Starbucks, the world's largest specialty coffee maker, often is lauded...