Starbucks beverage prices to rise by end of the year
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Starbucks, the largest US chain of coffee shops, plans to raise its beverage prices by year&#39;s end to cover higher costs for milk and health insurance amid slowing sales.
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Hershey Foods will be raising the price for many of its confectionery products.
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Starbucks has upgraded its Wi-Fi offering from a tall to a venti, switching partners from T-Mobile USA to AT&amp;T in a deal that will mean free coffee-shop wireless for millions of U.S. broadband subscribers.The chain&#39;s network of hotspots, the best-known in the U.S., covers more than 7,000 company-owned stores. Users of AT&amp;T Broadband and U-verse DSL (Digital Subscriber Line) services will get free access to the networks, and the carrier will soon extend benefits to AT&amp;T Wireless customers as well, according to a news release. AT&amp;T business customers with remote-access subscriptions will be able to buy unlimited, flat-rate access at any Starbucks location.AT&amp;T had 14.2 million lines of DSL in service at the end of last year. Its wireless arm has about 70 million subscribers. T-Mobile, a subsidiary of Germany&#39;s Deutsche Telekom, said it had 28.7 million subscribers at year&#39;s end.Although 3G (third-generation) cellular networks are nearing typical wired broadband speeds, Wi-Fi hotspots in key locations such as airports, hotels and cafes remain an attractive option for people who need high-speed connectivity on the road. T-Mobile has provided the Starbucks networks as part of its national hotspot service for several years, with a variety of paid plans including US$6 for one hour, $9.99 for a day and $29.99 per month with an annual agreement. Prices under AT&amp;T will be slightly lower, including $3.99 for two hours and $19.99 per month.But the deal also opens up a whole new customer base for the hotspots: Starbucks customers with an active Starbucks stored-value card will get two hours of free access per day. All that&#39;s needed to keep a card active is to have money stored on it and to buy something with it at least once a month, said Starbucks spokeswoman Bridget Baker. Starbucks employees will also get free access.AT&amp;T will take over the networks market by market, starting in the next few months and finishing by the end of the year, the companies said. Under a roaming agreement to be implemented by March 31, T-Mobile subscribers will also be able to use the AT&amp;T Starbucks networks, Baker said.The deal significantly expands AT&amp;T&#39;s network of hotspots, giving it 17,000 U.S. sites (about 70,000 worldwide) and adding a popular Web-surfing location to its lineup, which today includes McDonald&#39;s restaurants, Barnes &amp; Noble bookstores and some hotels and airports. It builds on an existing relationship in which AT&amp;T has provided back-end networks for Starbucks stores for more than 10 years, Baker said. The carrier will provide Starbucks an enterprise-class network with increased bandwidth and redundancy, according to the release.The prospect of high-speed access at Starbucks should help AT&amp;T attract new DSL customers and hold onto existing ones, telecommunications analyst Jeff Kagan wrote in a commentary on the deal.&quot;The customer wins because they get to take advantage of money saving bundles, and AT&amp;T win&#39;s because it keeps customers happy which means hanging on to the customer in an increasingly competitive marketplace, and Starbucks win&#39;s because it expands their digital entertainment platform and gives customers more reasons to spend time in the stores,&quot; Kagan wrote.
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Starbucks Corp. , the world's largest coffee shop chain, on Wednesday said quarterly earnings rose 18 percent as the number of stores grew and established outlets attracted more customers.
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The Nasdaq Composite Index rose on Thursday, helped by higher-than-expected sales at coffee chain Starbucks Corp. , while the Dow and the S&P 500 inched higher.
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You&#39;ll soon be forking over an extra 11 cents for a gentrified java. Starbucks (SBUX) says it will raise the average price of its beverages by 11 cents at 4,500 stores in North America Oct.
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Starbucks Corp. SBUX.O on  Wednesday said sales at stores open at least 13 months rose 13  percent in November, helped by the coffee shop chain's early  launch of holiday products like Christmas Blend coffee beans.
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Starbucks Corp. , the world's largest coffee shop chain, on Wednesday reported higher quarterly earnings due to a larger number of stores and increased customer traffic at established outlets.
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Stock futures rose on Tuesday as news of an executive reshuffle at Starbucks Corp  sent the coffee chain's stock higher, while an advance in oil prices underpinned gains by energy companies.
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Starbucks Corp.'s  chief financial officer on Thursday said meeting the high end of the coffee shop chain's 2007 earnings forecast will be "very challenging" due to rising dairy costs and slowing sales growth in its U.S. business, sending shares to a 20-month low.
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Starbucks Corp. SBUX.O said on   Thursday that same-store sales rose 5 percent in August,   hitting the top of Wall Street estimates and helping to allay   concerns about a consumer spending slowdown.
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Starbucks Corp.  on Wednesday reported higher quarterly net income and raised its earnings forecast for the year on strong sales of holiday products like Christmas Blend coffee beans.
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Java lovers, hold onto your nickels and dimes. Months after retail coffee-shop chains such as Starbucks raised the cost of their caffeine concoctions, the price of coffee is still on the rise.
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Starbucks Corp.  on Thursday raised its long-term expansion goal to 40,000 stores from 30,000 and said it was nowhere close to exhausting opportunities in North America, even as possibilities appear internationally.
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Starbucks Corp. SBUX.O on Wednesday said customers will be able to make custom music CDs at 45 of its US coffee shops by later this month, the first step in a plan to expand the service nationwide.
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Newspaper reports the coffee giant will raise the average drink price by 11 cents a cup. NEW YORK  - Coffee shop giant Starbucks Corp.
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Sara Lee Coffee & Tea said Wednesday  it was raising its retail coffee prices to keep pace with 14  percent hikes by other major roasters as global bean supply  next year shifts from surplus to deficit.