Starbucks Aug same-store sales rise
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Starbucks Corp.  said on  Thursday that sales at coffee shops open at least 13 months  rose 5 percent in August, at the high end of Wall Street  estimates, and shares rose slightly in after-hours trading.
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Costco Wholesale Corp  reported on Wednesday a 2 percent rise in August sales of stores open at least a year.
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Retail sales rebounded by 0.6 percent in August, buoyed by higher sales in food, department and clothing stores, defying expectations of a second monthly decline.
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Starbucks Corp will raise U.S. prices on coffee, lattes and other drinks by an average of 9 cents a cup next week to help offset soaring costs for milk and other commodities, a spokesman said on Monday.
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Starbucks Corp.  on  Wednesday posted 16 percent quarterly profit growth but showed  its weakest monthly same-store sales rise in four-and-a-half  years, missing Wall Street estimates and sending shares down 9  percent.
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At the corner of Eighth Street SE near Pennsylvania Avenue, just steps from the busy Eastern Market Metro station and not far from a pet store called Pawticulars, there is a Starbucks, naturally. Lots of foot traffic. People walking their dogs. Going to work. Coming home. Stopping for tall lattes.
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Wal-Mart Stores Inc  on  Thursday reported a higher-than-expected 3.1 percent rise in  August sales at its U.S. stores open at least a year.
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Starbucks Earnings Growth Caffeinated
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The women's apparel retailer reports higher same-store sales in June.
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Starbucks Corp.  on Thursday  raised its store expansion target to 40,000 from its previous  goal of 30,000.
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Retail sales unexpectedly rose in August, gaining 0.6 percent after a 0.7 percent gain in July, the Office for National Statistics said.
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Starbucks Corp. said strong sales of holiday drinks, gift cards and music helped boost quarterly earnings by 31 percent, and the coffee retailer raised its earnings forecast slightly for its current fiscal year.
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The Nasdaq Composite stock index rose on Thursday, helped by higher-than-expected sales at coffee chain Starbucks Corp. , while blue-chip stocks were little changed before employment data on Friday.
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Despite some recent controversy, Starbucks will implement a price hike.
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Stock futures gained on Tuesday as news of an executive reshuffle at Starbucks Corp  propelled the coffee chain's stock higher, while an advance in oil prices underpinned gains by energy companies.
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Starbucks Corp. , facing  stepped-up competition from rivals and slower sales growth at  established stores, is making an aggressive push this fall to  remind consumers who is king when it comes to coffee.
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Starbucks Corp. SBUX.O 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.