STARBUCKS CORP (SBUX) Stock News
NASDAQ:SBUX - Nasdaq - US8552441094 - Common Stock - Currency: USD
SBUX Latest News, Press Relases and Analysis
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Starbucks Shares Fall As CEO Pushes For Accountability During Reorganization, Layoffs: What's Going On?
Starbucks shares are trading lower Thursday following reports suggesting the company is reorganizing to hold leadership more accountable for financial and operational improvements.
1Password Can Now Show You Codes and Logins Based on Your Location
Popular password management app 1Password today announced a new feature that allows you to view logins, passwords, alarm codes, PINs, and more based...
Starbucks (SBUX) Stock Drops Despite Market Gains: Important Facts to Note
In the latest trading session, Starbucks (SBUX) closed at $111.69, marking a -0.33% move from the previous day.
Starbucks CEO tells employees to work harder post layoffs
CEO Brian Niccol calls for stronger leadership amid sweeping operational changes
Starbucks Keeps Retail Traders Bullish After Naming Nordstrom Exec Cathy Smith As New CFO
The leadership shake-up is part of Starbucks' ongoing turnaround under CEO Brian Niccol, who has pushed major strategic shifts
Analysis-Starbucks's China comeback relies on right partner, brewing back the vibe
As Starbucks tries to revive its faltering business in China, analysts say strategic partnerships and returning to its roots as a place where customers come for a coffee "experience" offer the best bet to beat intense competition and deflationary woes. The coffee giant is already under pressure globally with declining sales and earnings, but problems in its second-biggest market after the U.S. have been compounded by a weakened economy and consumers unwilling to spend amid a prolonged confidence-shattering property market downturn. That has seen Starbucks lose its market leader crown in China to local chain Luckin - its domestic revenue surpassed that of its U.S. rival in 2023.
Update: Starbucks Hires Nordstrom CFO Cathy Smith in Same Role
(Updated to include Nordstrom's statement on Smith's departure and the company's quarterly earnings.
Starbucks poaches Nordstrom CFO as part of ongoing C-suite shake-up
Starbucks brings in new finance chief as part of turnaround strategy
Starbucks named a new chief financial officer on Tuesday as part of a larger turnaround strategy. Cathy Smith, who has been Nordstrom’s CFO since 2023, will join Starbucks in the next month, Starbucks Chairman and CEO Brian Niccol said in a letter to employees. Smith previously served as the chief financial officer of Target and Walmart International.
Mentions: WMT
Starbucks CFO Rachel Ruggeri leaves as the chain continues to attempt a turnaround
Starbucks' C-Suite changeup continues.
Mentions: WMT
Starbucks taps Nordstrom’s Cathy Smith as CFO
Starbucks poaches Nordstrom CFO as executive shake-up continues
Nordstrom CFO Cathy Smith will join Starbucks, replacing its current chief financial officer Rachel Ruggeri.
Starbucks names Nordstrom's Cathy Smith as CFO
Starbucks on Tuesday named Cathy Smith as its finance chief, replacing Rachel Ruggeri in the latest management shake-up by top boss Brian Niccol. Smith stepped down as CFO of department store chain Nordstrom on Tuesday after about two years in the role and takes over at Starbucks while the coffee giant attempts to revive demand in the U.S., as well as in key global market such as China. Smith was CFO at big-box retailer Target for five years before joining Nordstrom in 2020.
Starbucks Names Nordstrom’s Cathy Smith as Its CFO
(Bloomberg) -- Starbucks Corp. on Tuesday named Cathy R. Smith to be its new chief financial officer. Most Read from BloombergHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkUS Tent Facility is Holding Migrant Families Longer Than RecommendedSmith, 61, previously served in the same role at retailer Nordstrom Inc.
Starbucks Names Nordstrom’s Cathy Smith as Its CFO
Starbucks Corp. on Tuesday named Cathy R. Smith to be its new chief financial officer.
Mentions: JWN
Starbucks says try these classics as it cuts 13 drinks
The coffee giant's menu will shrink by 30% over the coming months as part of a broader strategy to streamline offerings
Beat the Market the Zacks Way: Verona, Visa, Starbucks in Focus
Our time-tested methodologies were at work to help investors navigate the market well last week. Here are some of our key performance data from the past three months.
Mentions: V
Brazil's coffee stockpiles dwindle as prices hit record highs
In a Brazilian coffee warehouse usually stuffed with a quarter of a million bags of the aromatic bean, voices echo in the largely empty space at a large producers' cooperative. Reeling from one of the worst droughts on record, Brazil's coffee farmers have sold almost all their beans months before the new crop as global prices have nearly doubled to all-time highs in the past 14 months. Consumers waking up to smell the coffee were jolted last year as Starbucks hiked the price of a large cup of fresh brew about 16% to as much as $3.85.
Bubble Tea Firm Mixue Surges After IPO, Making Founders Richer Than Starbucks Ex-CEO Schultz
Mixue Group, China’s largest bubble-tea chain, surged in its Hong Kong trading debut after individual investors flocked to the company’s blockbuster initial public offering. Founder Zhang Hongchao and his younger brother Zhang Hongfu have seen their combined fortune rise to $8.1 billion — more than what ex-Starbucks CEO Howard D. Schultz is worth. Bloomberg's Filipe Pacheco reports on how the firm grew and what it says about Hong Kong's IPO market. (Source: Bloomberg)
8 ways Starbucks is changing your coffee routine as CEO Brian Niccol tries to turn around the coffee chain
From self-serve milk to more free refills, Starbucks has been making multiple policy changes under new CEO Brian Niccol.
Starbucks is paring down its menu. Say goodbye to these 13 drinks
The coffee giant plans to trim its menu by 30% come Sept. 2025
Thank God Starbucks is putting these 13 ridiculous drinks out of their misery
The Starbucks menu had gotten out of hand. It made a good decision to whack 13 drinks. And I say this as someone who's made Frappuccinos as a barista.