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[1/3] Starbucks cups are pictured on a counter in the Manhattan borough of New York City, New York, U.S., February 16, 2022. REUTERS/Carlo AllegriFeb 2(Reuters) - Starbucks Corp (SBUX.O) missed Wall Street expectations for quarterly comparable sales on Thursday, as persistent weakness in the coffee chain's China business offset strong sales in the North American market. That resulted in a 29% fall in China comparable sales for Starbucks in its first fiscal quarter ended Jan. 1, pulling total international comparable sales down 13%. Global comparable sales at Starbucks rose 5%, compared with analysts' average estimate of a 6.75% rise, according to Refinitiv IBES data. Starbucks reiterated its previous guidance of global comparable sales growth of 7% to 9% for its fiscal 2023.

☆ Union Membership Rate Hits Record Low Despite Votes at Apple, Amazon, Starbucks
▼ + stars: | 2023-01-19 | by ( David Harrison | ) www.wsj.com time to read: 1 min

The share of U.S. workers who are members of unions fell to a record low last year even though unions added more members than in any year since 2008 following union elections at workplaces including Starbucks Corp., Amazon.com Inc. and Apple Inc.About 10.1% of wage and salary workers were union members last year, down from 10.3% in 2021, the Labor Department said Thursday. The membership rate has been falling for decades as the economy has become more reliant on services industries, where workers haven’t traditionally been unionized.

Jan 19 (Reuters) - A U.S. labor board official is seeking a rare order requiring Starbucks Corp (SBUX.O) to collectively bargain with workers at a Florida store, even after they voted against unionizing by a nearly two-to-one margin. Workers at the Estero, Florida store voted 21-11 in May against forming a union amid a nationwide organizing campaign that has involved hundreds of Starbucks locations. The campaign, Starbucks Workers United, has won elections at more than 260 U.S. stores and has lost about 70 elections since late 2021. The regional director is asking the board to issue a "bargaining order" forcing Starbucks to recognize and bargain with the union at the Estero store. Starbucks is facing similar claims in a pending case involving a Buffalo, New York store where workers voted against unionizing in 2021.

☆ Howard Schultz says baristas don't have the 'privilege' of working from home as he orders Starbucks staff back to the office 3 days a week
▼ + stars: | 2023-01-12 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Starbucks corporate staff have been ordered back to the office three days a week from January 31. Howard Schultz said staff had failed to start coming in at least once a week. He "pleaded" with workers to return to the office last year, saying he'd "get on my knees." Staff located near regional offices have also been ordered to go in three days a week under similar conditions. "I have been unsuccessful, despite everything I've tried to do, to get our people back to work," Schultz said.

☆ Starbucks CEO Howard Schultz tells corporate workers to return to the office 3 days a week
▼ + stars: | 2023-01-11 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Starbucks corporate employees will be returning to the office at least three days a week by the end of the month. Workers closer to regional offices will also be required to come in three days a week, although the specific days aren't mandated. In September, Starbucks asked those workers to work from the office one to two days a week. He also compared corporate workers' continued remote work to baristas, who have never had that option. And Apple mandated employees return to work three days a week back in September.

☆ Starbucks' support staff to work from office thrice a week
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +1 min

Jan 11 (Reuters) - Starbucks Corp (SBUX.O) said on Wednesday its U.S. support center employees have to work from office at least three days a week, compared with a previous commitment of at least one day per week. Ride-hailing service Uber (UBER.N) has also asked employees to work from office twice a week, while Elon Musk told Twitter employees that remote work would no longer be allowed. Starbucks said the thrice-a-week policy to come into work was a requirement for all support employees, after several of them failed to meet the previous "minimum promise" of one day a week in office. The policy change also applies to region-based support partners within commuting distance of a regional office. For regional staff, the third day would be one when all partners were in the office together, according to the coffee chain giant.

☆ McDonald's to boost restaurant growth, streamline some programs
▼ + stars: | 2023-01-06 | by ( Hilary Russ | ) www.reuters.com time to read: +2 min

McDonald's beat sales and profit estimates in its last quarterly earnings results in October, helped by higher menu prices and increased foot traffic from inflation-weary customers looking for value meals. Its global same-store sales increased 9.5% in the third quarter. read moreLike other fast-food chains, McDonald's has hiked menu prices to keep up with surging commodity and labor costs. McDonald's strong sales and profits also mean that it - like several other restaurant chains including Starbucks Corp (SBUX.O) and Chipotle Mexican Grill Inc (CMG.N) - can embark on big expansion plans. It now also plans to streamline technology - including its loyalty programs - and menu development in order to get new products into use globally more quickly.

☆ Here's our November rapid-fire update on all 33 stocks in Cramer's Charitable trust portfolio
▼ + stars: | 2022-12-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. Estee Lauder (EL) — New Club members who want to start a position in the cosmetics giant could do so at these levels. We'd advise Club members do so the same, even if we still like the company's defensive nature. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Chinese consumers wary of splurging after Beijing relaxes COVID strictures
▼ + stars: | 2022-12-11 | by ( Casey Hall | ) www.reuters.com time to read: +5 min

"On the other hand, we don't know who is safe, we don't know who has the coronavirus. "Moving from isolation facility quarantine to home quarantine will not increase retail sales significantly," said Iris Pang, chief economist for greater China at ING. A spa at a mall in downtown Beijing that resumed business on Friday said most staff had returned but customers were far fewer. Luca Solca, a luxury analyst with Bernstein, said the end of the curbs was good news for the luxury industry, heavily dependent on Chinese spending. "My base-case scenario is that the softening should prompt Chinese consumers to go back to enjoying life and spending money – benefiting, among others, top luxury brands," he said.

☆ Shanghai Disneyland Reopens as Businesses in China Welcome Covid-Control Easing
▼ + stars: | 2022-12-09 | by ( Dan Strumpf | ) www.wsj.com time to read: 1 min

HONG KONG—Shanghai Disneyland reopened Thursday as cautious optimism spread across foreign businesses operating in China following the easing of some of Beijing’s most-draconian pandemic measures, even as hurdles remained in the country’s exit from zero-Covid. Foreign companies from Walt Disney Co. to Starbucks Corp. and Apple Inc. have taken revenue hits or endured business or supply-chain upheavals in the wake of China’s harsh Covid-control measures, which included citywide lockdowns, mass testing and widespread quarantines.

☆ Starbucks employee suspended after labeling Black woman’s cup ‘Monkey'
▼ + stars: | 2022-12-01 | by ( Samantha Kubota | ) www.nbcnews.com time to read: +7 min

A Maryland woman is speaking out after a Starbucks barista wrote her name as “Monkey” while taking her order. Monique Pugh told TODAY.com that she has been a loyal Starbucks customer for 20 years. Monique Pugh took a photo of the Starbucks cup, labelled with the word 'Monkey.' A Starbucks corporate representative confirmed the incident occurred and told TODAY.com the employee who took the order had been suspended. Pugh told TODAY.com the whole situation has been “very overwhelming.”“And to have them apologize, but then say it was an honest mistake and a labeling error?

☆ 'Boomerang CEOs' don't always work out; Disney hopes this one bucks trend
▼ + stars: | 2022-11-22 | by ( David Randall | ) www.reuters.com time to read: +5 min

NEW YORK, Nov 22 (Reuters) - Can Walt Disney Co (DIS.N) bank on another hit sequel? That appears to be the hope behind the company's surprise decision to bring back former chief executive Bob Iger to replace Bob Chapek. During his first tenure from 2005 to 2020, Disney's annualised shareholder returns were more than 14%, well above its rival Comcast Corp (CMCSA.O) and the broader stock market, and in total in that period the stock rose more than 400%. Yet there are reasons to think that Disney may have made the right decision in bringing back Iger, Bingham said. “I think this is a game-changer," said Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors, about Disney.

☆ Beyond Meat’s Very Real Problems: Slumping Sausages, Mounting Losses
▼ + stars: | 2022-11-21 | by ( Jesse Newman | ) www.wsj.com time to read: 1 min

Beyond Meat Inc. was moving into its new 300,000-square-foot headquarters in the Los Angeles area last month when it laid off about one-fifth of its workforce, the second round this year. Ethan Brown , the company’s chief executive and founder, assured employees at a town hall a day later that a more focused version of his plant-based food company would thrive. He compared Beyond to Starbucks Corp. and Martin Cooper, an inventor of the cellphone, saying people thought they would fail, too.

☆ 'Krunchy Dream' welcomes Russian customers after Krispy Kreme exit
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +1 min

Soon after Russia launched what it calls a "special military operation" in Ukraine, Krispy Kreme suspended all shipments of doughnut making supplies and ingredients to Russia and ended the agreement with its lone Russian franchisee. [1/3] A man walks past the Krunchy Dream cafe, which opened on the site of one of Krispy Kreme's cafes after the U.S. chain left the Russian market, in Moscow, Russia November 21, 2022. REUTERS/Evgenia Novozhenina 1 2 3A company owned by restaurateur Arkady Novikov, Krispy Kreme's former franchise partner, applied to register the Krunchy Dream trademark in late September, the RBC daily reported on Monday. Novikov Group and Krispy Kreme did not immediately respond to requests for comment. In a financial results statement in August, Krispy Kreme said it had closed 30 franchise shops in Russia.

☆ Starbucks Workers Plan Walkouts at More Than 100 Cafes
▼ + stars: | 2022-11-17 | by ( Heather Haddon | ) www.wsj.com time to read: 1 min

People chant and hold pro-union signs in front of a Starbucks in New York on Thursday. Pro-union Starbucks Corp. workers said they have walked out of U.S. stores Thursday as baristas seek to push the company for higher pay and improved staffing levels. The Starbucks Workers United union said baristas intended to leave their posts at more than 100 stores in conjunction with the company’s “Red Cup Day,” an annual promotion where Starbucks gives away reusable red cups to mark the holiday season. Baristas planned to hand customers red Starbucks Workers United union cups outside cafes.

☆ Starbucks Workers Strike at More Than 100 Stores Across U.S.
▼ + stars: | 2022-11-17 | by ( Heather Haddon | ) www.wsj.com time to read: 1 min

Pro-union Starbucks Corp. workers said they walked out of U.S. stores Thursday, aiming to push the company to bargain for higher pay and improved staffing levels. The Starbucks Workers United union said baristas left their posts at 114 stores in conjunction with the company’s “Red Cup Day,” an annual promotion where Starbucks gives away reusable red cups to mark the holiday season. Baristas handed customers red Starbucks Workers United union cups outside cafes.

☆ Starbucks Workers Plan Strike at More Than 100 Stores Across U.S.
▼ + stars: | 2022-11-17 | by ( Heather Haddon | ) www.wsj.com time to read: 1 min

☆ EU Tax Ruling on Fiat-Chrysler Is Rejected by Court
▼ + stars: | 2022-11-08 | by ( Daniel Michaels | Kim Mackrael | ) www.wsj.com time to read: 1 min

The European Commission ruled in 2015 that Fiat Chrysler, now part of Stellantis, had benefited from an illegal tax deal. BRUSSELS—The European Union’s top court overturned a tax ruling against Fiat Chrysler from 2015, handing the bloc’s regulators a fresh setback in a crack down on multinational companies’ efforts to financially shield their operations. The setback follows similar reversals in tax cases involving Apple Inc., Amazon.com Inc. and Starbucks Corp.

NEW YORK, Nov 6 (Reuters) - Home Depot Inc (HD.N) retail workers voted against forming a union at a location in Pennsylvania, the U.S. National Labor Relations Board (NLRB) said late on Saturday. More U.S. companies including Starbucks Corp and Amazon.com and grocer Trader Joe's Inc have seen some workers petition to form unions. Home Depot did not immediately respond to a Reuters request for a comment regarding the outcome of the voting. Home Depot Workers United sought to unionize to address concerns regarding wages, staffing and training, said Vincent Quiles, interim president of Home Depot Workers United and a receiving associate at Home Depot. The independent union in mid-October filed an unfair labor practices charge against the retailer for engaging in unlawful surveillance and interrogating workers at the Philadelphia location, according to Home Depot Workers United.

☆ Wall St rallies to close out soft week after jobs report
▼ + stars: | 2022-11-04 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

But the data also showed average hourly earnings rose slightly more than expected, as did job growth, pointing to a labor market that largely remains on firm footing. Nonfarm payrollsLabor market data has been a primary focus for markets as the Fed has repeatedly stated it is looking for some cooling before considering a pause in hikes. "This was not a report that shows the rate hikes are starting to take hold," said Shawn Cruz, head trading strategist at TD Ameritrade in Chicago. The Dow Jones Industrial Average (.DJI) rose 410.27 points, or 1.28%, to 32,411.52. Starbucks Corp jumped after it topped Wall Street estimates for quarterly comparable sales and profit, while DoorDash Inc's (DASH.N) revenue beat boosted the food delivery firm's shares.

☆ Wall St climbs as jobs data supports smaller rate hike prospects
▼ + stars: | 2022-11-04 | by ( Amruta Khandekar | ) www.reuters.com time to read: +4 min

"Powell should also be pleased that the unemployment rate went up from 3.6% to 3.7%. Traders' bets of a 75 basis point rate hike in December briefly rose to 64.5% after the release of the data but swiftly slipped back to around 60%. Meanwhile, CBOE's volatility index VIX, known as Wall Street's fear gauge, hit its lowest level since Sept. 9. Advancing issues outnumbered decliners by a 3.43-to-1 ratio on the NYSE and by a 1.51-to-1 ratio on the Nasdaq. The S&P index recorded 14 new 52-week highs and 15 new lows, while the Nasdaq recorded 40 new highs and 98 new lows.

☆ Futures rise with all eyes on key jobs data
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +3 min

Nonfarm payrolls is expected to have increased by 200,000 jobs last month after rising 263,000 in September, according to a Reuters survey of economists. The U.S. central bank on Wednesday hiked its benchmark rate by 75 basis points as expected while hinting at smaller increases ahead. However, Fed Chair Jerome Powell said the "ultimate level" of policy rate would likely be higher than previously estimated. ET, Dow e-minis were up 197 points, or 0.62%, S&P 500 e-minis were up 29 points, or 0.78%, and Nasdaq 100 e-minis were up 84.5 points, or 0.79%. Reporting by Shubham Batra, Shreyashi Sanyal and Sruthi Shankar in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Starbucks Rings Up Record Sales, Though Cafe Investments Erode Profit
▼ + stars: | 2022-11-04 | by ( Heather Haddon | ) www.wsj.com time to read: 1 min

Starbucks Corp. said its sales hit a record in its most recent quarter, while investments in its stores and employees cut into store-level profit. The coffee giant reported $8.41 billion in revenue for the three months ended Oct. 2, up about 3% from the comparable year-ago period and ahead of expectations of analysts polled by FactSet. The company said Thursday its same-store sales globally increased 7% year-over-year.

☆ Starbucks Is Rethinking Almost Everything, Including How to Make Frappuccinos
▼ + stars: | 2022-11-03 | by ( Heather Haddon | Photographs Meron Menghistab For The Wall Street Journal | ) www.wsj.com time to read: 1 min

SEATTLE—Behind a secure door at Starbucks Corp. headquarters lies a technology lab where the chain is plotting its renewal. That includes rethinking the onerous path its baristas must take to make a Frappuccino. Inside the 20,000-square-foot space called the Tryer Center, baristas working in a mock-up of a Starbucks cafe walked back and forth between refrigerators, blenders and syrups to make a single blended coffee topped with cold foam and caramel drizzle. They asked if the company could build kitchens that bring the equipment closer together and make syrup pumps, milk dispensers and ice bins that work better.

☆ Starbucks beats quarterly sales estimate on pricey drinks, robust demand
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +2 min

Shares in the Seattle-based company rose about 3% in after-market trading, as Starbucks also posted a smaller-than-feared decline in sales in China - its fastest growing market. While restaurants such as McDonald's Corp (MCD.N) and Yum Brands Inc (YUM.N) have drawn inflation-hit Americans with cheaper meals, higher priced Starbucks coffee and cold beverages have enjoyed a steady stream of higher-income customers. Wall Street analysts expected Starbucks' comparable sales in China to drop by 20%, according to analysts at Gordon Haskett. "We saw accelerating demand for Starbucks coffee around the world in Q4 and throughout the year," said interim Chief Executive Officer Howard Schultz. Global comparable sales at Starbucks rose 7% in the fourth quarter ended Oct. 2, while analysts on average had expected a 4.2% rise, according to Refinitiv IBES.

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