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BUSINESS
November 15, 1994 | Jack Searles
Starbucks Coffee Co. has opened its newest outlet at 520 Las Posas Road, in Camarillo's Las Posas Plaza shopping center. A fund-raiser benefiting Casa Pacifica followed Friday's grand opening. Officials of the Camarillo Chamber of Commerce took part in the opening.
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BUSINESS
July 31, 2008 | From the Associated Press
Coffeehouse chain Starbucks Corp. said Wednesday that weak sales in the U.S. and costs related to its closure of 600 underperforming stores led it to post a loss for its fiscal third quarter. The company also cut its guidance for the year and said it would open fewer stores in the U.S. and internationally, in both 2008 and 2009. But Starbucks kept its profit guidance intact for 2009, easing investors' fears about the economy's effect on the year ahead.
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BUSINESS
March 26, 1992 | Chris Woodyard Times staff writer
Coffeehouse Chain Opening: The coffeehouse business is heating up. The latest entrant in the county is Starbucks Coffee Co., a Seattle transplant with seven locations in Los Angeles. The chain plans to open outlets in Corona del Mar and Irvine next month. The outlets have a European flavor, with a traditional Italian espresso bar and jazz or light opera on the sound system. The stores sell 30 varieties of coffee beans.
BUSINESS
May 1, 2008 | From the Associated Press
Starbucks Corp. said Wednesday that its fiscal second-quarter profit fell 28% as U.S. consumers responded to rising food and gasoline prices by making fewer latte runs. For the quarter ended March 30, Starbucks' net income sank to $108.7 million, or 15 cents a share, from $150.8 million, or 19 cents, a year earlier. Revenue rose 12% to $2.53 billion. Starbucks warned last week that results would fall short of Wall Street's expectations.
BUSINESS
October 30, 1995 | Times Staff and Wire Reports
Starbucks, SAZABY Form Joint Venture: The Seattle-based coffee company said the venture, Starbucks Coffee Japan Ltd., will open its first coffee store in the spring in Tokyo and add 10 to 12 more over the next 18 months. It marks the Starbucks Coffee Co.'s first expansion outside of North America. Howard Behar, president of Starbucks International, said Japan is the world's third-largest coffee consuming country. SAZABY Inc.
ENTERTAINMENT
June 29, 2005 | From Associated Press
Bob Dylan made his mark playing in one cafe. Soon, he'll be in thousands. Starbucks Coffee Co. has reached a deal to produce and exclusively release a CD of 10 Dylan recordings from New York's Gaslight Cafe in 1962, when he was just finding himself as a songwriter. The Gaslight, in Greenwich Village, was a focal point of the folk revival in the early '60s. "Bob Dylan: Live at the Gaslight 1962" will be available at Starbucks stores in the United States and Canada on Aug. 30.
BUSINESS
January 24, 1996 | Times Staff and Wire Reports
Boston Chicken, Starbucks Make Bagel Move: Boston Chicken Inc. and Starbucks Coffee Co., two of the decade's hottest growth companies, are getting closer together with the purchase of a bagel chain, though neither is buying the chain directly. Boston Chicken, based in Golden, Colo., is helping Einstein Bros. Bagels Inc. buy Noah's New York Bagels Inc. for $100 million. Seattle-based Starbucks has a 20% stake in San Leandro, Calif.-based Noah's.
BUSINESS
February 15, 2000 | Associated Press
Kozmo.com will pay Starbucks Coffee Co. $150 million over five years as part of a joint promotional deal. The Seattle-based specialty coffee company will use its stores and other advertising to promote Kozmo.com, an electronic commerce site that sells basic food, entertainment and convenience items and promises same-day home delivery. In return, the privately held Kozmo.com will deliver Starbucks prepackaged coffee beans and teas and will install video drop boxes at Starbucks stores. Kozmo.
BUSINESS
November 1, 1995 | From Times Wire Services
Starbucks Coffee Co. and Dreyer's Grand Ice Cream Inc. on Tuesday announced a 20-year, 50-50 joint venture to create a line of premium coffee ice creams. The ice cream, which will carry just the Starbucks name, will be introduced nationwide in the spring as a line of six to eight coffee-based flavors. The Seattle-based coffee roaster and retailer said the move from boiling-hot coffee to freezing-cold dessert will not be a stretch.
BUSINESS
March 23, 2008 | From Times Wire Services
Starbucks is introducing a new automated espresso machine called Mastrena and getting back to grinding beans in its stores as the coffee retailer seeks to re-energize its slumping business. While likely to disappoint some longing for the return of old-school manual machines, the Mastrena is about 7 inches shorter than machines in stores now, making it easier for baristas to interact with customers. The new machine is designed to leave a smaller margin for error in pulling shots and steaming milk.
BUSINESS
March 4, 2008 | From Times Wire Services
Starbucks Corp. has named a new president for its U.S. operations, where stores have suffered a decline in customer traffic in recent months as the economy slows. Incoming will be Cliff Burrows, who has served as president of the coffee chain's Europe, Middle East and Africa division. Burrows is succeeding Launi Skinner, who is stepping down to spend more time with her family, the company said.
BUSINESS
February 12, 2008 | From the Associated Press
Starbucks Corp. and AT&T Inc. will start offering a mix of free and paid wireless Internet service in most of the international coffee retailer's U.S. shops, beginning this spring. The move announced Monday ends a six-year partnership with T-Mobile, which did not include free Wi-Fi and charged higher fees than AT&T will. Starbucks said it would give customers who use a Starbucks card two hours of free wireless access per day. More time than that will cost $3.99 for a two-hour session.
BUSINESS
January 8, 2008 | From the Associated Press
Starbucks Corp. said Monday that it was returning its chairman, Howard Schultz, to the chief executive's job to lead a major restructuring initiative, replacing Jim Donald. The move, coupled with plans to open new U.S. stores at a slower pace, comes as the world's largest chain of coffeehouses has seen its stock plummet 50% over the last year amid declining traffic in its domestic stores. Starbucks' announcement after regular markets closed sent the company's shares up $1.
BUSINESS
December 23, 2007 | From Times Wire Services
Starbucks Corp., the world's largest chain of coffee shops, recalled 167,000 Chinese-made mugs that pose a burn hazard because their plastic handles can detach when the container is filled with a hot liquid. Starbucks received 23 reports of the handle breaking off from its Fusion Coffee Mug, the Seattle-based company and the U.S. Consumer Product Safety Commission said. Nine people reported "minor burns," the agency said.
NEWS
July 26, 2007 | From the Associated Press
Joni Mitchell is following the lead of Paul McCartney in joining with the coffee giant Starbucks to release her next album. Hear Music, a record label formed in partnership with Starbucks Corp. and the Concord Music Group, said that Mitchell is its second signing. "Shine," her first album of new compositions since 1998, will be released Sept. 25.
BUSINESS
February 24, 1999 | ABIGAIL GOLDMAN,
So long, sleeves. Starbucks Coffee Co., the Seattle company that brought cappuccino to the masses, is testing a new cup that it says will single-handedly, as it were, protect customers' palms from the heat of its joe. The new tazza, it says, comes without the bother of the brown wrapper or the waste of a double cup. The paper cup, made by Solo Cup Co., has a polyethylene lining and a second paper layer around it for insulation, Starbucks spokesman Chris Gimble said.
BUSINESS
April 15, 1998 | SUSAN ABRAM, TIMES STAFF WRITER
Hoping to perk up an already growing interest in specialty coffees, Starbucks Coffee Co. plans to offer selections of whole bean and ground coffees in California and other West Coast supermarket chains as soon as today. Starbucks is shipping five varieties--house blend, decaf house blend, Colombia, espresso roast and French roast--to supermarkets and Costco stores in 10 Western and Midwestern states. Starbucks is also introducing a blend called LightNote that will be sold in supermarkets only.
BUSINESS
July 24, 2007 | From Times Wire Services
Starbucks Corp. will raise the price of drinks by an average of 9 cents a cup to counter higher costs for dairy products and coffee. The increases average 3% and will take effect July 31 at company-owned stores in the U.S., Starbucks said.
BUSINESS
July 17, 2007 | Mitchell Landsberg, Times Staff Writer
He is 29 years old, a suave world traveler who speaks nearly flawless, American-accented English and enjoys the occasional coffee from Starbucks. As a television news anchor, he has an audience estimated at 100 million and has interviewed hundreds of global business and political leaders, among them Bill Clinton and former General Electric Co. Chairman Jack Welch. From now on, though, Rui Chenggang will be known as the man who drove the baristas out of the Forbidden City.
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