US multinationals are increasingly aiming to derisk from China amid souring trade ties. Complaints about red tape and favoritism mask a harsher truth: China’s market is brutally competitive and local rivals are winning.When Starbucks opened its first store in Beijing in 1999, it wasn’t just selling coffee; it was selling Western aspirations to China’s rising…
Thousands of unionized Starbucks workers plan to walk off the job Thursday after workers authorized a strike “with no set end date,” after the company failed to reach a contract agreement with the union. Starbucks Workers United is calling the strike the “red cup rebellion,” since the strike coincides with the coffee chain’s annual Red…
Starbucks announced its 2025 holiday menu with several existing and new flavored drinks going on sale this week, but what’s generating the most buzz is a new item: a $30 “bearista” mug, a glass cup for cold drinks resembling a honey bear container. The mug, which is topped with a green silicone beanie, went on sale Thursday…
Starbucks unionized workers say they plan to strike on Nov. 13 — the coffee chain’s Red Cup Day — if the company doesn’t finalize a contract by then. Starbucks Workers United announced Wednesday that its members voted to authorize a strike as they continue their effort to secure a labor contract that offers them better…
Starbucks CEO Brian Niccol took the helm in September 2024, inheriting a company facing its first revenue decline in four years amid customer complaints about high prices and long wait times. A year later, the coffee giant has halted the slide but faces fresh pressures, from surging coffee bean costs to store closures. Coffee prices jumped…
Starbucks CEO Brian Niccol on Thursday said the company is planning on closing underperforming locations, including those where the coffee chain is “unable to create the physical environment our customers and partners expect,” and will cut 900 jobs. The overhaul will cost $1 billion, according to a Thursday regulatory filing. Most of the costs are…
Starbucks is joining the protein craze with a new line of lattes and cold foams, part of what the company says is a strategy to modernize its menu. The Seattle-based coffee chain said Tuesday that starting Sept. 29 it will add protein cold foams and protein lattes to its menu. The cold foam, which customers…
Starbucks’ fall Pumpkin Spice Latte, or PSL, returns on Tuesday, Aug. 26. The Seattle coffee chain officially unveiled its new fall menu on Monday, which includes its Pumpkin Spice Latte and other autumn-inspired treats. The arrival date for Starbucks’ fall menu has inched earlier over the years, now landing in August instead of mid-September, closer…
The official start of fall is still months away, but the season is just around the corner for Starbucks fans. The coffee chain’s popular Pumpkin Spice Latte is set to return on Aug. 26, Starbucks announced Monday. Although that’s a later release date than last year, the 2025 return of the PSL is still on…
Starbucks makes layoffs, cuts drinks Starbucks to lay off 1,100 employees and cut drinks from its menu 01:53 Starbucks’ “secret” menu is no longer hidden from the public. The coffee chain on Monday introduced previously hidden offerings for Starbucks rewards members in its mobile app. The menu allows customers with rewards accounts to access popular…