Prior to the COVID-19 outbreak Starbucks had drive-thru formats in over 60% of its stores and the … Starbucks says the policy is aimed at stopping the spread of COVID-19. In China, Starbucks' second-largest market, the coffee chain's same-store sales declined by just 3%. Oct 29, 2020 News. Shares of Starbucks, which has a market value of nearly $118 billion, closed Wednesday at $100.40, down 0.8%. Starbucks Releases New Holiday Cups To Get Us Through The Rest Of 2020 In One Piece They're giving away a limited number of free reusable cups in Canada. These giveaways are the latest in a string of actions the coffee chain has rolled out during the pandemic, including a $100,000 donation to the National Alliance on Mental Illness, and a public promise to give care packages and gift cards to 50,000 frontline responders. "Our vision is that each large city in the US will ultimately have a mix of traditional Starbucks cafés and Starbucks Pickup locations," the company said in the email. Starbucks said … All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. November 6, 2020 / 8:11 AM / CBS News Starbucks kicked off the holiday season early by revealing its lineup of cups, which features four festive designs that will … Building on the strength of … You can enjoy a little moment of holiday at home anytime this season – whether it’s an iced Starbucks Peppermint Mocha straight from your own fridge or a steaming cup of Starbucks ® Holiday Blend Coffee from your Keurig or Nespresso machine. New York (CNN Business) It may seem like there's already a Starbucks on every corner. Starbucks' sales outlook is improving somewhat. The company said it plans to close up to 400 stores in the US and Canada over the next 18 months, while at the same time adding carryout and pick-up only locations. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Starbucks is giving out free coffee to frontline health care workers. The giveaway also extends to other hospital staff, like janitors and security, mental health workers and active-duty military. Disclaimer. FILE -- A customer leaves a Starbucks cafe in Montreal on June 10, 2020. The company said it was re-evaluating how it sells coffee prior to the Covid-19 pandemic due to customers in major cities already showing a greater tendency to order coffee on the go. Starbucks' 2020 Holiday Hours May Be Different Than What You're Used To. Is it possible? Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. On Saturday, spirits giant Diageo said it will be pausing paid advertising globally on “major social media platforms” beginning in July. Biden's economic plan is bold. Coffee chain Starbucks says it plans to close as many as 200 stores in Canada in the next two years, even after the economy gets back to normal after COVID-19. The new line includes a glitter-filled "swirl" cold brew cup. Learn about what is happening in our stores and company–from beverage and food announcements to financial news, partner (employee) and customer experience updates. The coffeehouse giant says the rule will come into effect at all of its company-owned café locations in Canada on Sept. 14. Starbucks is temporarily suspending its buy-one-get-one drink deals, better known as "Happy Hour," in an effort to reduce the number of customers in its stores as US Covid-19 cases rise. A customer wearing a surgical mask exits the Starbucks … Starbucks suspends ‘Happy Hour’ promotions as COVID-19 cases rise . Nov 30, 2020. "This repositioning will include the closure of up to 400 company-operated stores over the next 18 months in conjunction with the opening, over time, of a greater number of new, repositioned stores in different locations and with innovative store formats," the company wrote in its filing. "It has been an extraordinarily difficult year, especially for the front-line responders who are serving our communities," Virginia Tenpenny, Starbucks vice president for global social impact. Until the end of December, a customer "who identifies as a front-line responder to the COVID-19 outbreak" can walk into any Starbucks in the US and receive a free tall brewed coffee, hot or iced. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. Celebrating 20 Years of the Starbucks Card. Behind the Green Apron: Raising Awareness in the Fight against HIV and AIDS One Person at a Time . Today, Starbucks announces a transformation of our stores. Danny Meyer: Opening restaurants will require confidence, How the vaccine gets from the lab to your arm, Disney workers used to make magic, now they struggle to make ends meet, This vegan restaurant is actually opening locations during the pandemic, These restaurant owners don't know how long they can hang on, Bill Gates: Next 4 to 6 months could be worst of the pandemic, Germany set to enter 'hard' lockdown as coronavirus cases surge, Pre-pandemic, he could afford steak. In an email to CNN Business, the company said about 80% of transactions at nearly 15,000 US stores are "on-the-go" purchases. All times are ET. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Today, in a letter to stakeholders, Starbucks president and ceo Kevin Johnson and Starbucks chief financial officer Pat Grismer shared more specifics in how the company is accelerating the transformation of the customer and partner experience. Home » News » Starbucks suspends ‘Happy Hour’ promotions as COVID-19 cases rise. Starbucks expects adjusted earnings growth of at least 20% in fiscal 2022. Starbucks said its new pickup stores will better serve "on-the-go" customers while limiting crowd sizes in its cafes. December brings return of Starbucks Irish Cream Cold Brew, free coffee for front-line responders, and more Dec 01, 2020 The Starbucks Foundation $500,000 donation helps (RED)’s fight against AIDS, COVID-19 Nov 16, 2020 Updated Nov 06, 2020; Posted Nov 05, 2020 . (CNN) Health care … Dec. 8, 2020. Starbucks announces new commitments to … Updated 11:28 AM ET, Thu June 11, 2020 New York (CNN Business) Starbucks is pivoting hundreds of North American stores away from the cafe model it … Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Coffee . Follow us on Twitter @StarbucksNews. These owners say their restaurants might not survive, Mother struggles to keep the lights on this Christmas, 'I need help': Unemployed man facing eviction, Stew Leonard's CEO: We have plenty of food. Healthcare workers and first responders can enjoy one free cup of coffee this month. Factset: FactSet Research Systems Inc.2018. This report by The Canadian Press was first published June 10, 2020. Shares of Starbucks rose more than 4% in extended trading on the news. New York (CNN Business)Starbucks is pivoting hundreds of North American stores away from the cafe model it helped make ubiquitous and will expand its pickup-only and to-go business — a strategy shift that illustrates how much consumer behavior has changed during the pandemic. … Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. December 16, 2020… The company's same-store sales plummeted 43% in May compared with the same month last year. April's year-over-year sales decline was even worse. News “Hang Out” and “Be Present” Virtually with Starbucks and Snapchat this Holiday. Celebrating 20 Years of the Starbucks Card. Dec 07, 2020. The Starbucks logo is seen on an iPhone, April 4, 2020. a Starbucks spokesperson said. All rights reserved. (CNN)Health care workers are getting a special treat this month. Starbucks will close up to 400 company-owned locations over the next 18 months while also speeding up the expansion of "convenience-led formats" such as curbside pickup, drive-thru … Most stock quote data provided by BATS. All times are ET. But the company is still planning on adding tens of thousands more locations in the coming decade. 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