Tag Archives: Starbucks

Starbucks’ (SBUX) reversal of a plan to require its U.S. workers to be vaccinated against COVID-19 or submit to weekly testing has sparked controversy among its loyal clients, as well as baristas on the front lines of the pandemic. The Seattle coffee giant initially recommended that its workers get vaccinated by February 9th, in accordance with guidance from the Occupational Safety and Health Administration (OSHA), while the unvaccinated would have to submit to weekly testing. However, the… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, January 21, 2021 Coffee giant rips off the band-aid, clearing a path for others There was no shortage of market-moving headlines in Thursday’s session: Netflix’s subscriber growth outlook let down investors, while battered tech stocks struggled to claw their way out of correction territory. And Peloton shocked the world (and its… Source link

Employees at two Boston-area Starbucks locations began steps to form a union earlier this month, days after one store in upstate New York became the company’s first union-represented cafe. Workers at stores on Commonwealth Avenue in Boston and Harvard Avenue in Brookline sent a letter to Starbucks CEO Kevin Johnson last week about their intent to unionize. “We see unions as the best way to make Starbucks a place to have a sustainable career and a true partnership,” the letter stated. “We… Source link

Starbucks (SBUX) on Monday reiterated its tough stance against unionizing, saying that while the movement was not in the best interests of its workforce, it would “bargain in good faith” with one location that voted to organize. Recently, partners at a store in Buffalo scored a big win after voting to form the coffee giant’s first ever union. On Friday, the National Labor Relations Board (NLRB) confirmed the vote, according to an internal memo obtained by Yahoo Finance. Yet the… Source link

Workers at one Starbucks (SBUX) Store in Buffalo, New York, won a contentious victory last week by becoming the coffee giant’s first unionized workplace. Yet after votes were counted by the National Labor Relations Board (NLRB), a second cafe on Camp Road narrowly rejected the measure, an outcome organizers plan to challenge. Union organizers and their attorney claim there were “voices” that weren’t heard. “I don’t accept that as the full number at the end of the day, it being 12… Source link

Starbucks workers from one of the three cafes in Buffalo, New York scored a victory on Thursday, voting to create the coffee giant’s first ever union over the company’s objections.   An effort fueled by staffing shortages and poor working conditions exacerbated during the pandemic culminated in a victory for organizing. The Regional Labor office counted the eligible votes from the Elmwood Avenue location in Elmwood Village, where 19 eligible workers voted yes compared to 8 who voted against… Source link

Starbucks (SBUX) has teamed up with Amazon (AMZN) Go to deliver a new store concept to consumers in New York City — one without any cashiers. The new Starbucks Pickup, located at 59th Street between Park & Lexington Avenue, is set to open to the public on Thursday, November 18th. The retail experience uses the order ahead feature on the Starbucks app and Amazon Go’s Just Walk Out technology to create a touch-less experience, the companies announced on Thursday.  The team-up is part of the… Source link

Starbucks has called on employees in three Northeast locations to reject a measure to form a union, following a victory by a Buffalo-area location that’s spearheading efforts to organize its workers. The company, which just , sent a letter on Monday encouraging those workers to vote down a measure to organize. If the effort is successful, three coffee shops in upstate New York would be the first of Starbucks’ 8,000 stores to unionize, part of a wave of pandemic-era support for organized… Source link

Starbucks (SBUX) posted fiscal fourth-quarter earnings results that mostly missed Wall Street estimates, but the coffee giant reported a spike in active Starbucks reward members as the fast food industry leans into digital in an effort to boost sales and drive customer loyalty. Here’s what the Seattle-based company reported, compared to Wall Street estimates, according to a Bloomberg consensus estimates: Revenue: $8.1 billion versus $8.22 billion expected Adj. earnings per share (EPS): $1.00… Source link

Starbucks’ Pumpkin Spice Latte officially returned to nationwide menus on August 24 — and is already leading to a big boost in foot traffic before the official arrival of fall.   According to analytics platform Placer.ai, visits increased 3.5% during the week of August 23 compared to the same week in a particularly strong 2019 summer season. And foot traffic expanded 12.3% on a week-over-week basis.  Traffic continued to climb in the days that followed with an average increase of 14.9%… Source link