Tag #Starbucks

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abcnews.go.com

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Mar 12, 10:11

Missouri AG Bailey's Aggressive Lawsuits Blur Lines Between Legal and Political Action

Missouri Attorney General Andrew Bailey has filed numerous lawsuits against the Biden administration and corporations like Starbucks, challenging policies on immigration, environmental regulations, and DEI programs, raising questions about the role of state AGs in national policy debates and the blu...

Missouri AG Bailey's Aggressive Lawsuits Blur Lines Between Legal and Political Action

Missouri Attorney General Andrew Bailey has filed numerous lawsuits against the Biden administration and corporations like Starbucks, challenging policies on immigration, environmental regulations, and DEI programs, raising questions about the role of state AGs in national policy debates and the blu...

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How does Attorney General Bailey's approach compare to the historical role of state attorneys general, and what broader trends does it reflect?

Bailey's aggressive legal strategy aligns with a broader trend of state attorneys general using lawsuits to advance partisan agendas. Republican AGs frequently target Democratic administrations, mirroring actions by Democratic AGs against Republican administrations. This trend reflects increased political polarization and the use of legal challenges as a tool for political leverage and public visibility, as evidenced by the career trajectories of several AGs who leveraged this strategy to advance their political careers.

cnnespanol.cnn.com

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Feb 25, 04:08

Starbucks Cuts Jobs, Simplifies Menu to Reverse Sales Decline

Starbucks is laying off over 1,000 corporate employees and simplifying its menu by removing 30% of its items, including several Frappuccinos and lattes, to combat four consecutive quarters of declining sales caused by high prices, long wait times, and unionization efforts; CEO Brian Niccol aims to r...

Starbucks Cuts Jobs, Simplifies Menu to Reverse Sales Decline

Starbucks is laying off over 1,000 corporate employees and simplifying its menu by removing 30% of its items, including several Frappuccinos and lattes, to combat four consecutive quarters of declining sales caused by high prices, long wait times, and unionization efforts; CEO Brian Niccol aims to r...

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What immediate actions is Starbucks taking to address its declining sales and how will these impact its operations and workforce?

Starbucks is laying off over 1,000 corporate workers and simplifying its menu by removing less popular Frappuccinos, lattes, and hot chocolate to cut costs and streamline operations. This follows four consecutive quarters of declining sales, attributed to high prices, long wait times, and unionization efforts. The company aims to reduce its menu by 30%.

cbsnews.com

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Feb 12, 01:11

Starbucks Faces Lawsuit Over Alleged Discriminatory Hiring Practices

Missouri's attorney general filed a lawsuit against Starbucks on Tuesday, alleging that the coffee chain's diversity, equity, and inclusion (DEI) policies violate federal and state laws through race-and-sex-based hiring practices, resulting in slower service and higher prices for consumers.

Starbucks Faces Lawsuit Over Alleged Discriminatory Hiring Practices

Missouri's attorney general filed a lawsuit against Starbucks on Tuesday, alleging that the coffee chain's diversity, equity, and inclusion (DEI) policies violate federal and state laws through race-and-sex-based hiring practices, resulting in slower service and higher prices for consumers.

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What are the immediate consequences of Missouri's lawsuit against Starbucks for its alleged discriminatory hiring practices?

Missouri's attorney general sued Starbucks, alleging its DEI policies violate federal and state laws by using race and sex-based hiring practices. The lawsuit claims these policies harm Missourians and lead to slower service and higher prices for consumers. Starbucks denies these allegations, asserting its practices are inclusive, fair, and competitive.

aljazeera.com

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Feb 12, 01:11

Missouri Sues Starbucks, Alleging DEI Policies Violate Civil Rights Laws

Missouri Attorney General Andrew Bailey filed a lawsuit against Starbucks on Tuesday, alleging that the company's diversity, equity, and inclusion initiatives violate federal and state civil rights laws by discriminating based on race, gender, and sexual orientation, resulting in higher prices and l...

Missouri Sues Starbucks, Alleging DEI Policies Violate Civil Rights Laws

Missouri Attorney General Andrew Bailey filed a lawsuit against Starbucks on Tuesday, alleging that the company's diversity, equity, and inclusion initiatives violate federal and state civil rights laws by discriminating based on race, gender, and sexual orientation, resulting in higher prices and l...

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What are the specific allegations in Missouri's lawsuit against Starbucks regarding its DEI programs, and what are the immediate consequences for Starbucks?

Missouri sued Starbucks, alleging that its diversity, equity, and inclusion (DEI) initiatives unlawfully discriminate based on race, gender, and sexual orientation by prioritizing certain groups for promotions and board positions. The lawsuit claims this results in higher prices and longer wait times for consumers. Starbucks denies these allegations, asserting its DEI programs are lawful and inclusive.

forbes.com

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Jan 28, 22:12

Starbucks Earnings Preview: Volatility Expected After Tuesday's Report

Starbucks, expected to report a $0.66/share gain on $9.31 billion in revenue (unofficial expectation: $0.70/share), faces potential stock price volatility after Tuesday's earnings release, reflecting investor assessment of the company's future growth given predicted short-term earnings decline.

Starbucks Earnings Preview: Volatility Expected After Tuesday's Report

Starbucks, expected to report a $0.66/share gain on $9.31 billion in revenue (unofficial expectation: $0.70/share), faces potential stock price volatility after Tuesday's earnings release, reflecting investor assessment of the company's future growth given predicted short-term earnings decline.

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What are the potential longer-term implications of the projected earnings decline for Starbucks' growth strategy and market positioning?

The upcoming earnings report will be critical in determining investor sentiment towards Starbucks' future performance and its ability to sustain its growth trajectory despite predicted short-term earnings declines. The stock's price action following the release will signal how the market assesses the longer-term impacts of these projected financial figures and future growth potential.

africa.chinadaily.com.cn

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Jan 9, 13:10

Starbucks China Pivots to Digital-First Strategy Amidst Declining Sales

Starbucks China's declining sales (7% year-on-year revenue decline, 14% comparable store sales decline in Q4 2024) prompted a strategic shift from its traditional 'third place' model to a digital-first approach under new chief growth officer Yang Zhen, marked by viral marketing campaigns and digital...

Starbucks China Pivots to Digital-First Strategy Amidst Declining Sales

Starbucks China's declining sales (7% year-on-year revenue decline, 14% comparable store sales decline in Q4 2024) prompted a strategic shift from its traditional 'third place' model to a digital-first approach under new chief growth officer Yang Zhen, marked by viral marketing campaigns and digital...

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How is Starbucks China adapting its business model to address declining sales and increased competition in China's evolving coffee market?

Starbucks China, facing declining sales, is pivoting from its 'third place' strategy to a digital-first approach, appointing Yang Zhen, a digital marketing expert, as chief growth officer. This shift involves targeted marketing campaigns like "I Opened Starbucks in Ancient Times" aimed at younger consumers and leveraging digital tools to boost engagement.

forbes.com

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Feb 26, 19:11

Queen of Tequila" Melly Barajas: A Forbes 50 Over 50 Success Story

Melly Barajas, a 60-year-old female founder of Leyenda de Mexico tequila company, produces 20,000 liters of tequila daily and was recently named to the Forbes 50 Over 50: Global list, highlighting the success of female entrepreneurship in a male-dominated industry.

Queen of Tequila" Melly Barajas: A Forbes 50 Over 50 Success Story

Melly Barajas, a 60-year-old female founder of Leyenda de Mexico tequila company, produces 20,000 liters of tequila daily and was recently named to the Forbes 50 Over 50: Global list, highlighting the success of female entrepreneurship in a male-dominated industry.

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Gender Equality

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How does Barajas's entrepreneurial journey reflect broader trends in female entrepreneurship and leadership?

Barajas's journey exemplifies the growth of female entrepreneurship in the alcoholic beverage sector, challenging traditional gender roles. Her company's substantial output demonstrates the economic potential of female-led businesses. The Forbes recognition signifies a broader trend celebrating successful women over 50.

us.cnn.com

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Feb 24, 22:09

Starbucks to Lay Off 1,000 Workers, Cut Menu Items Amid Sales Decline

Starbucks announced Monday it will lay off over 1,000 corporate workers and cut 30% of its menu to reverse declining sales and revamp the coffee chain; the company's sales have been down for four straight quarters and hundreds of its stores have voted to unionize.

Starbucks to Lay Off 1,000 Workers, Cut Menu Items Amid Sales Decline

Starbucks announced Monday it will lay off over 1,000 corporate workers and cut 30% of its menu to reverse declining sales and revamp the coffee chain; the company's sales have been down for four straight quarters and hundreds of its stores have voted to unionize.

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How are the issues of high prices, long wait times, and increased mobile orders contributing to Starbucks' current challenges?

The company's actions reflect a broader trend among retailers to reduce costs and focus on high-demand items. Starbucks' decision to cut jobs and menu items is directly linked to declining sales, attributed to high prices, long wait times, and increased mobile ordering, which has strained workers. The new CEO aims to revitalize the brand's community focus.

news.sky.com

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Feb 12, 19:19

Missouri Sues Starbucks Over DEI Policies, Alleging Discrimination

Missouri sued Starbucks, claiming its DEI policies caused higher prices and longer wait times due to discriminatory hiring practices, prompting a broader debate on corporate DEI initiatives.

Missouri Sues Starbucks Over DEI Policies, Alleging Discrimination

Missouri sued Starbucks, claiming its DEI policies caused higher prices and longer wait times due to discriminatory hiring practices, prompting a broader debate on corporate DEI initiatives.

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How did the implementation of Starbucks' DEI policies in 2020, in the context of the Black Lives Matter movement, contribute to the current legal dispute?

The lawsuit connects Starbucks' DEI policies, implemented in 2020, to negative customer experiences, arguing that prioritizing diversity quotas over qualifications has negatively affected service. This legal action follows a broader trend of pushback against DEI initiatives in the US, exemplified by recent policy changes at Goldman Sachs, Google, and Amazon.

euronews.com

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Jan 29, 16:12

Starbucks Beats Q1 Expectations Despite Sales Dip

Starbucks' fiscal first-quarter revenue reached \$9.4 billion, surpassing expectations despite a 4% decrease in same-store sales; CEO Brian Niccol attributes this to menu and service improvements.

Starbucks Beats Q1 Expectations Despite Sales Dip

Starbucks' fiscal first-quarter revenue reached \$9.4 billion, surpassing expectations despite a 4% decrease in same-store sales; CEO Brian Niccol attributes this to menu and service improvements.

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What immediate impact did Starbucks' turnaround efforts have on its first-quarter financial performance?

Starbucks reported better-than-expected first-quarter revenue of \$9.4 billion, exceeding Wall Street's forecast by \$0.1 billion. This improvement is attributed to initiatives like eliminating non-dairy milk surcharges and menu simplification, boosting store traffic and service.

spanish.china.org.cn

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Jan 13, 07:07

Starbucks China Shifts to Digital-First Strategy Amidst Market Competition"

Starbucks China, facing a 7% sales decline in Q4 2024, is pivoting to a digital-first strategy under new growth director Yang Zhen, while Ora Coffee, a Peet's Coffee sub-brand, focuses on affordability to compete in China's rapidly expanding coffee market, projected to reach 16.9 billion yuan in 202...

Starbucks China Shifts to Digital-First Strategy Amidst Market Competition"

Starbucks China, facing a 7% sales decline in Q4 2024, is pivoting to a digital-first strategy under new growth director Yang Zhen, while Ora Coffee, a Peet's Coffee sub-brand, focuses on affordability to compete in China's rapidly expanding coffee market, projected to reach 16.9 billion yuan in 202...

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What is Starbucks China's primary strategy to counter declining sales and enhance its competitiveness in the Chinese coffee market?

Starbucks China is shifting from its 'third place' strategy to a digital-first approach, appointing Yang Zhen, a digital marketing expert, to lead growth. This follows a 7% year-on-year decline in sales in Q4 2024 and aims to revitalize the brand with younger consumers using digital tools and creative campaigns, as seen in their recent viral campaign. The company also opened 45 new stores and modernized 32 in Shanghai last year.

chinadaily.com.cn

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Jan 9, 10:09

Starbucks China Shifts to Digital Strategy Amidst Declining Sales

Starbucks China is undergoing a digital transformation to counter declining sales, appointing a new chief growth officer and launching viral marketing campaigns to attract younger consumers, while competitors like Ora Coffee focus on affordability.

Starbucks China Shifts to Digital Strategy Amidst Declining Sales

Starbucks China is undergoing a digital transformation to counter declining sales, appointing a new chief growth officer and launching viral marketing campaigns to attract younger consumers, while competitors like Ora Coffee focus on affordability.

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How is Starbucks China adapting its business model to address declining sales and increased competition in the Chinese coffee market?

Starbucks China, facing declining sales, is shifting from a "third place" model to a digitally driven strategy, appointing a new chief growth officer from Alibaba to spearhead this change. This includes viral marketing campaigns targeting younger consumers and leveraging app-based promotions.

Showing 13 to 24 of 32 results