The company announced Thursday it would give five cents to the Global Fund of the RED foundation for each hand-crafted drink it sells on Saturday, December 1 in the United States and Canada for World AIDS Day.
Starbucks says it may repurchase up to 25 million additional shares of its common stock. The plan reflects the Seattle based company’s strong cash flow and commitment to return value to shareholders. The move comes a day after Starbucks announced the acquisition of Teavana, which sells loose leaf teas, for $620 million.
Seattle-based Starbucks said Wednesday that it will pay $620 million in cash to buy Teavana Holdings Inc., which sells high-end loose leaf teas in 300 shopping mall locations. The plan is to expand Teavana’s footprint beyond the mall with stand-alone shops, adding tea bars with specialty drinks.
Seattle-based Starbucks Corp. plans to accelerate growth and brew up a stronger profit in the year ahead, with CEO Howard Schultz noting that customers of all walks of life consider its drinks an “affordable luxury” even in challenging economic times.
If you popped into your local Starbucks today, there’s a good chance you saw the annual Starbucks red cups, a holiday themed paper cup that the Seattle based coffee shop uses during November and December. Plus, Starbucks announces they will be helping Hurricane Sandy victims, and they encourage you to help, too.
Starbucks inaugurated its first store in India Friday in a historic building in southern Mumbai as the Seattle-based coffee giant seeks growth in a market long associated with tea drinkers.
The Seattle-based company sent out an email Thursday morning to its 56,000 employees, saying “is our belief that our gay and lesbian employees are entitled to the same rights and protections marriage provides under the law as all other employees.”
The parent company of Tully’s Coffee is seeking Chapter 11 bankruptcy protection and is closing an unspecified number of its stores.
Not expecting the indie fashion darlings of Rodarte and the in-every-neighborhood coffee retailer Starbucks to be in the same sentence, let alone the same stores? They will be, come Tuesday, November 13.
The Seattle-based coffee company says a digital tip function will be added to its mobile payment application starting next summer. A similar option will also be available on Square, a new payment app that Starbucks customers will be able to use starting in November.