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So Starbucks no longer means coffee and tea, also beer and wine...
Starbucks to roll out beer, wine to more cafes in US
NEW YORK — Starbucks plans to turn more of its cafes into a destination for beer and wine in the evenings in the US.
The coffee company says it is looking to expand alcohol sales to “thousands of select stores” over the next several years, although it did not provide details on an exact timeline.
The chain first offered beer and wine after 4pm at one of its Seattle cafes in 2010. “Starbucks Evenings” is now available in 26 cafes in US, with plans to reach 40 by the end of the year. The cafes also serve a variety of small dishes ranging in price from US$3 (S$3.80) to US$5 (S$6.40), such as bacon-wrapped dates, truffle macaroni and cheese, and flat breads.
The regular coffee menu is also available during that time.
...
http://www.todayonline.com/business/star...e-cafes-us
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(21-03-2014, 09:29 PM)CityFarmer Wrote: So Starbucks no longer means coffee and tea, also beer and wine...
Starbucks to roll out beer, wine to more cafes in US
NEW YORK — Starbucks plans to turn more of its cafes into a destination for beer and wine in the evenings in the US.
The coffee company says it is looking to expand alcohol sales to “thousands of select stores” over the next several years, although it did not provide details on an exact timeline.
The chain first offered beer and wine after 4pm at one of its Seattle cafes in 2010. “Starbucks Evenings” is now available in 26 cafes in US, with plans to reach 40 by the end of the year. The cafes also serve a variety of small dishes ranging in price from US$3 (S$3.80) to US$5 (S$6.40), such as bacon-wrapped dates, truffle macaroni and cheese, and flat breads.
The regular coffee menu is also available during that time.
...
http://www.todayonline.com/business/star...e-cafes-us
Starbucks need to up their game to compete against MacDonalds', which also muscled into Starbucks' territory by selling cakes and lattes.
Even on the local front, our Yakun and Toastbox, especially Toastbox, are increasing their market share by selling food like curry chicken and mee siam.
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(21-03-2014, 10:37 PM)investor101 Wrote: Starbucks need to up their game to compete against MacDonalds', which also muscled into Starbucks' territory by selling cakes and lattes.
Even on the local front, our Yakun and Toastbox, especially Toastbox, are increasing their market share by selling food like curry chicken and mee siam.
I agreed on the competition from Mac. The McCafe is directly competing with Starbucks.
I tried Yakun and Toastbox. They might not be directly competing with Starbucks. The setup is pretty different, and thus attracting different segment of customers.
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Starbucks may not do well on the next report...
Starbucks' COO Alstead taking 'extended unpaid leave'
LOS ANGELES - Starbucks Corp on Thursday said Chief Operating Officer Troy Alstead, who as finance chief helped lead the coffee chain's extensive restructuring a few years ago, is taking an extended unpaid leave to spend more time with his family.
The announcement comes amid concerns on Wall Street that Starbucks later this month could report disappointing results from the holiday quarter, traditionally its biggest for sales.
...
http://www.todayonline.com/business/star...paid-leave
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Consumer spending is having a healthy growth in China.
Starbucks says aims to open 500 new stores in China in 2016
12 Jan 2016 14:13
[HONG KONG] Starbucks Corp, the world's largest coffee chain, said on Tuesday it aims to open 500 stores in China this year, shrugging off a slowdown in the world's second-largest economy that has hit global retailers.
Starbucks executives have said they have not seen a systemic slowdown in China, even as the country's cooling economy has been blamed for soft results by the likes of KFC and Pizza Hut parent Yum Brands.
The company said in a statement it aims to create 10,000 jobs in China every year through 2019 as it continues to expand in its largest market outside the United States.
REUTERS
Source: Business Times Breaking News
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SBUX looks strong recently. Seems like these guys will have a strong future. Should I buy some shares? At what price is it better to buy?
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The share price is about $53 and is not cheap for earning of $2.14 per share. The share price seems to be heading downwards since late 2015 .
This link to comments on starbucks may help you :
http://www.marketwatch.com/story/starbuc...2016-11-03
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Starbucks gains traction in bid to make China its largest market
Seattle-based coffee chain is opening a new outlet in China every 15 hours, as part of an effort to operate 5,000 stores across the mainland by 2021
Daniel Ren
PUBLISHED : Wednesday, 06 December, 2017, 5:33pm
UPDATED : Wednesday, 06 December, 2017, 6:07pm
The biggest Starbucks outlet worldwide enjoyed a blockbuster debut in Shanghai on Wednesday, with hundreds of customers spending about one hour queuing outside the store before getting served.
The Starbucks Reserve Roastery, located on Nanjing Road West, one of the city’s busiest shopping streets, opened at 7am before huge crowds flocked to the 30,000 square foot store at about 9:30am.
At about 11:30am, at least 300 people, most of whom aged between 20 and 40, were waiting outside the store.
More details in http://www.scmp.com/business/companies/a...est-market
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the china Starbucks Reserve Roastery is amazing. glimpse of the future of retail.
https://www.facebook.com/alibabagroupoff...vvd8x4vBjo
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Nestle to pay $7.15 billion to Starbucks in coffee tie-up
Reuters Staff
May 7, 2018
ZURICH (Reuters) - Nestle (NESN.S) will pay Starbucks (SBUX.O) $7.15 billion as part of a global coffee alliance in which the Swiss-based food giant is getting the rights to market the U.S. coffee company’s products around the world outside Starbucks’ coffee shops.
Starbucks said on Monday it will use proceeds to speed-up share buybacks and the deal would add to earnings per share (EPS) by 2021 at the latest. Nestle saw the deal adding to earnings by 2019.
Nestle and Starbucks are joining forces in a highly fragmented consumer drinks category that has seen a string of deals lately.
JAB Holdings, the private investment firm of Europe’s billionaire Reimann family, has fueled the consolidation wave with a series of deals including Douwe Egberts, Peet’s Coffee & Tea and Keurig Green Mountain, narrowing the gap with Nestle.
More details in https://www.reuters.com/article/us-start...SKBN1I80CG
Specuvestor: Asset - Business - Structure.
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