All Posts Tagged With: "Starbucks"
Starbucks, the huge chain of coffeehouses, was not able to fully escape the persistent malaise hitting the restaurant industry. For a number of months, the industry’s outlook has been bearish. Higher prices due to increased costs of labor and other types of expenses have led to a large number of consumers to eat and drink […]
Starbucks CEO and Chairman Howard Schultz announced on Thursday he would step down from his post of CEO. He said he would hand those responsibilities over to current COO and president at Starbucks Kevin Johnson. The news has come as a surprise to investors as the shares fell by as much as 10% following the […]