-
Howard Schultz Says 13.5M Small Businesses Could Close
Tuesday, August 4, 2020 - 6:02pm | 341Former Starbucks Corporation (NASDAQ: SBUX) CEO and current Chairman Emeritus Howard Schultz is leading an initiative to lobby the federal government to create a new long-term recovery plan for small businesses. The Letter: Schultz penned a letter to congressional leaders on both sides of the...
-
Howard Schultz Talks Plate Fund; Chef's Warehouse CEO Says CARES Act Doesn't Go Far Enough
Monday, April 6, 2020 - 6:21pm | 411The ongoing coronavirus (COVID-19) pandemic has resulted in "unprecedented economic carnage and fear" among restaurant workers, former Starbucks Corporation (NASDAQ: SBUX) CEO Howard Schultz said Monday on CNBC. Plate Fund Launch Schultz, along with other chefs in the Seattle area,...
-
Howard Schultz Won't Be Running For President In 2020
Friday, September 6, 2019 - 8:46am | 228Former Starbucks (NASDAQ: SBUX) CEO Howard Schultz said he is abandoning 2020 presidential ambitions. In January, the lifelong Democrat expressed that he was "seriously thinking" of making a run for the White House in 2020 as a "centrist independent." Schultz writes in a letter...
-
Wall Street's Take On Starbucks Following Schultz's Departure
Tuesday, June 5, 2018 - 11:42am | 666After 40 years at Starbucks Corporation (NASDAQ: SBUX), founder Howard Schultz announced he is leaving the company later this month. Starbucks stock dipped 3 percent Tuesday following the announcement, and several Wall Street firms weighed in on the potential impact on the coffee chain. Here’...
-
Howard Schultz To Step Down As Starbucks Chair
Tuesday, June 5, 2018 - 8:31am | 367Starbucks Corporation (NASDAQ: SBUX) executive chairman Howard Schultz, who had led the company’s expansion from a single shop to a global chain, announced late Monday he will resign from his role June 26. Myron Ullman, former chairman and CEO of J C Penney Company Inc (NYSE: JCP), will...
-
Panera 2.0 Cuts Wait Times In Half As Digital-Ordering Gains Traction
Tuesday, June 6, 2017 - 8:49am | 978The results are paying off as restaurants continue to add digital-ordering capabilities to their menu. Digital ordering has helped cut wait times significantly, made ordering much more convenient and led to an increase in sales. Specifically, Panera Bread Co (NASDAQ: PNRA)'s Panera 2.0 led to the...
-
Starbucks' Teavana Shows Troubling Metrics
Friday, April 28, 2017 - 12:07pm | 393Many retailers are seeing sales negatively impacted by declining mall traffic trends. On Friday, investors add another retailer to the growing list of those struggling in the current environment: Starbucks Corporation (NASDAQ: SBUX)'s chain of Teavana stores. Speaking to CNBC on Friday morning,...
-
Net-Sold Stocks In Record-Setting March
Tuesday, April 11, 2017 - 2:24pm | 405After a another month of record highs for the Dow Jones Industrial Average, which surpassed the $21,000 mark, and the S&P 500, which topped $2,400, TD Ameritrade Holding Corp. (NASDAQ: AMTD) released its March report for the Investor Movement Index. Tracking retail investor movement in and out...
-
How Consumers Have Reacted To Starbucks' Refugee Hiring Announcement
Thursday, March 16, 2017 - 7:38am | 358Back in January, Starbucks Corporation (NASDAQ: SBUX) CEO Howard Schultz took a political stand against the anti-immigration policies of Donald Trump by announcing that Starbucks would hire 10,000 refugees over the next five years in the 75 counties in which it operates around the world. While the...
-
Trump Travel Ban Highlights Risk To Corporate Supporters And Opponents; Boycotts Hit Uber, Starbucks
Monday, January 30, 2017 - 10:49am | 501President Donald Trump's controversial Executive Order to temporarily ban citizens of seven mostly Muslim nations is a development investors should be following. Support Or Boycott Starbucks Starbucks Corporation (NASDAQ: SBUX)'s outgoing CEO Howard Schultz said in a blog post that he is deeply...
-
A Decade Of Schultz: How Starbucks Has Fared Since He Retook The CEO Chair
Friday, January 27, 2017 - 4:52pm | 508Howard Schultz, the star at Starbucks Corporation (NASDAQ: SBUX), is relinquishing the CEO role yet again. In 2000, Schultz transitioned to the role of chairman in a bid to focus on the coffee chain retailer's global expansion, only to return back to the role on January 6, 2008, as the coffee...
-
What To Expect From Starbucks' Last Quarter Under Howard Schultz
Wednesday, January 25, 2017 - 4:47pm | 227Starbucks Corporation (NASDAQ: SBUX) is entering a defining stage in its history: the last quarter with CEO Howard Schultz at the helm. Despite an initial drop after the announcement was made on December 1, shares of the coffee giant have stayed nearly flat. Although the company’s long-time...
-
Cut Starbucks Some Slack, Selling $10 Coffee Is A Good Business Strategy
Friday, December 9, 2016 - 11:30am | 360Charging $10 for a cup of coffee seems like a ludicrous idea, but this is exactly what Starbucks Corporation (NASDAQ: SBUX) wants to do. According to Gadfly's Shelly Banjo, Starbucks isn't looking to overhaul its entire business and get rid of its tried and tested business model. Rather, the coffee...
-
The Sell-Side Reviews Out Of Starbucks' Investor Day
Thursday, December 8, 2016 - 4:30pm | 618Starbucks Corporation (NASDAQ: SBUX) held its biennial Analyst Day on Wednesday, where it outlined its financial goals and focus areas, among other updates. The company reiterated its annualized targets of 10 percent revenue growth, mid-single-digit same-store sales expansion and 15–20...
-
When Will Starbucks Overtake McDonald's In Market Cap?
Thursday, December 8, 2016 - 1:36pm | 362Following Starbucks Corporation (NASDAQ: SBUX)'s biennial Analyst Day, Nomura said it continues to believe the company will eventually overtake McDonald's Corporation (NYSE: MCD) as the U.S.-bases restaurant company with the largest market capitalization. Starbucks currently has a market...