Tag Archives: Starbucks

Burger King employee Kevin Ford never missed a day’s work in the 27 years he spent as a cook at the Las Vegas McCarren airport location of the chain restaurant. So when he arrived at work on the 27th anniversary of his employment and joked around about the time spent working at the company, management scrambled to find a present to thank him for his hard work. The present: a string backpack, a movie ticket, a lanyard, a coffee cup, and some candy. Ford posted a video of him opening the… Source link

Interim Starbucks CEO Howard Schultz needs to do a better job embracing the labor union movement infiltrating his stores even if it pains him to do so, suggests U.S. Labor Secretary Marty Walsh. “I think he is going to have to invest in all of his workforce — he can’t just not invest in the dozen shops that are organized, it’s not a good business model,” Walsh said on Yahoo Finance Live (video above). “By investing in employees, I commend him for that and for investing in their salaries. I… Source link

Starbucks (SBUX) is going on the offensive once again amid a nationwide wave of unionization, calling out the labor organization backing pro-union workers for allegedly breaking labor rules amid a recount of unionization vote at an Upstate New York location. “These intermediaries have demonstrated that not only do they not operate in the best interest of partners, but sadly they’ll break labor rules to do so,” Starbucks Spokesperson Reggie Borges told Yahoo Finance in a statement. “The… Source link

Amazon (AMZN) warehouse workers at a facility in Staten Island, New York, began casting their votes in a union election on Friday, thrusting the e-commerce giant into a nationwide surge of workers organizing across major companies like Starbucks (SBUX) and Disney (DIS). The Staten Island warehouse marks the second site of a union election among a large group of warehouse workers in Amazon’s history, arriving roughly one year after the overwhelming defeat of a labor drive at an Amazon… Source link

Starbucks (SBUX) is facing accusations of union-busting tactics after two employees in Phoenix alleged that they were punished for taking part in pro-union activities. The coffee chain workers at the Arizona store claim that store managers are responsible for “interfering with, restraining, and coercing employees” as an attempt to dissuade them from unionizing, a complaint filed with the National Labor Relations Board (NLRB) alleged. “[This is] the first step in holding Starbucks… Source link

Starbucks stock (SBUX) has fallen out of favor with investors. Shares of the coffee-selling powerhouse are down 20% in the past year, according to Yahoo Finance Plus data, badly lagging the S&P 500’s 14% gain. McCafé coffee seller McDonald’s has seen its stock rise 6% in the past year, while Restaurant Brands (which owns coffee chain Tim Horton’s) shares are down 10%. Jefferies analyst Andy Barish in a new note on Wednesday points to three things holding back shares of Starbucks. “The factors… Source link

Russia’s recent decree essentially legalizing intellectual property theft leaves brands like McDonald’s (MCD) and Starbucks (SBUX) with no legal recourse if copycat businesses use the brands as their own. Over the past two weeks, Russian officials have stripped away IP rights from U.S. companies doing business in Russia, along with foreign companies from 23 other “unfriendly” territories. As a result, companies like McDonald’s and Starbucks that have left Russia to protest its invasion of… Source link

Starbucks (SBUX) fired seven workers at a Memphis location, in the midst of an increasingly acrimonious battle over a unionization drive that’s widened to dozens of cities. On Tuesday, seven Starbucks workers – 35% of the store’s total workforce – were terminated by the coffee giant, including nearly the entire union organizing committee, according to Starbucks Workers United. The coffee giant confirmed the dismissals at the store, although both sides differed about why the firings… Source link

With Apple setting the tone, the stock market rose until Wednesday, buoyed by a series of fairly upbeat earnings reports. They included: Exxon Mobil’s disclosure that, thanks to soaring oil and gas prices, it had earned the most profit in seven years. The declaration by Starbucks that it had raised prices and would keep doing so. “We have additional pricing actions planned through the balance of this year, which play an important role to mitigate cost pressures including inflation,”… Source link

Starbucks (SBUX) customers are staying loyal to the Seattle-based coffee giant despite a higher cost for their cup of coffee, even as political pressure mounts in response to rising prices. In a phone interview with Yahoo Finance after Starbucks’ fiscal first-quarter earnings results, CEO Kevin Johnson said customer demand during the holiday season was “very strong” with revenue growth of 19%, coming in at a record $8.1 billion dollars for the coffee giant. Like a growing number of companies Source link