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Starbucks Shares Tumble Amid Economic Challenges and Political Boycotts
Starbucks, the global coffee giant, has seen its shares plummet nearly 14% following a challenging quarter marked by weakening demand in the U.S. and slower recovery rates in China. This significant drop came before the bell on Wednesday, with the company also cutting its annual forecasts amid numerous pressures including consumer resistance to price hikes and a broader economic slowdown. Starbucks, the global coffee giant, has seen its shares plummet nearly 14% following a challenging quarter marked by weakening demand in the U.S. and slower recovery rates in China. This significant drop came before the bell on Wednesday, with the company also cutting its annual forecasts amid numerous pressures including consumer resistance to price hikes and a broader economic slowdown. -
Starbucks Commits to Wage Hike for Union Workers, Signaling Thaw in Labor Relations
Starbucks has announced a pivotal shift in its approach to unionized employees, signaling a potential end to the long-standing impasse with Workers United, the union representing a segment of the coffee giant's baristas. Starbucks has announced a pivotal shift in its approach to unionized employees, signaling a potential end to the long-standing impasse with Workers United, the union representing a segment of the coffee giant's baristas. -
Unions Target Starbucks Board, Citing Flawed Response to Worker Organizing
The Strategic Organizing Center (SOC), a coalition of labor unions, is intensifying its scrutiny of Starbucks ahead of a pivotal proxy battle at the company's annual meeting in March. The SOC contends that Starbucks' response to the ongoing unionization efforts among its baristas reflects a "flawed human capital management strategy," jeopardizing the company's reputation, shareholder returns, and customer loyalty. The Strategic Organizing Center (SOC), a coalition of labor unions, is intensifying its scrutiny of Starbucks ahead of a pivotal proxy battle at the company's annual meeting in March. The SOC contends that Starbucks' response to the ongoing unionization efforts among its baristas reflects a "flawed human capital management strategy," jeopardizing the company's reputation, shareholder returns, and customer loyalty. -
Union Leaders From Amazon, Starbucks Invited To White House
Biden has described himself as the most pro-union president in U.S. history. Biden has described himself as the most pro-union president in U.S. history. -
Starbucks Terminates Top Attorney Amid Union Dispute
Starbucks is now fighting a unionization campaign among its coffeeshop staff. Starbucks is now fighting a unionization campaign among its coffeeshop staff. -
Returning Starbucks CEO Howard Schultz Halts Share Buyback
Howard Schultz's first act as interim CEO was to suspend the company's planned $20 billion share buyback program. Howard Schultz's first act as interim CEO was to suspend the company's planned $20 billion share buyback program. -
Starbucks China Pumps Up Prices For A Range Of Beverages
Tim Horton's also increased the pricing of nine different beverages. Tim Horton's also increased the pricing of nine different beverages. -
Starbucks Reports Slightly Lower Holiday Profits Amid Inflation
Starbucks said it may be forced to increase prices once again due to the surge in prices of materials and labor. Starbucks said it may be forced to increase prices once again due to the surge in prices of materials and labor. -
Starbucks Rescinds Vaccine Mandate Following Supreme Court Decision
Starbucks told employees that they no longer have to adhere to its previously announced Feb.9 deadline to get vaccinated. Starbucks told employees that they no longer have to adhere to its previously announced Feb.9 deadline to get vaccinated. -
Hepatitis A Scare In New Jersey As Starbucks Employee Tests Positive, Possibly Spreading The Virus
The Camden County Health Department encouraged customers to get vaccinated and provided free shots to those who had visited the Starbucks in the past two weeks. The Camden County Health Department encouraged customers to get vaccinated and provided free shots to those who had visited the Starbucks in the past two weeks.