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Following a successful union vote at Buffalo, New York, locations of the multinational coffeehouse chain Starbucks, multiple other company-owned locations began petitions for union elections. [1] [2] [3] [4]
Then, the big news came on Aug. 13 when Starbucks announced it had poached the highly esteemed Chipotle Mexican Grill CEO, Brian Niccol, to become the new chairman and CEO of Starbucks. The stock ...
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A five-day strike by Starbucks baristas had closed 59 stores as of Monday afternoon, according to the union organizing the workers. The strike, which began Friday in Los Angeles, Chicago and ...
In July 2008, during the Great Recession, Starbucks announced it was closing 600 underperforming company-owned stores and cutting U.S. expansion plans amid growing economic uncertainty. [33] [34] On July 29, 2008, Starbucks also cut almost 1,000 non-retail jobs as part of its bid to re-energize the brand and boost its profit. Of the new cuts ...
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Stabucks (NASDAQ: SBUX) stock fell 19% in the first half of the year, according to data from S&P Global Market Intelligence.The coffee giant is struggling with growing its sales, and it looks to ...