Starbucks raising U.S. drinks prices next week
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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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U.S. consumers aren't going to balk  at paying an extra nickel for their daily cup of Starbucks   coffee despite high gas prices and other pressures on  their wallets, analysts said on Friday.
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Despite some recent controversy, Starbucks will implement a price hike.
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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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Procter & Gamble  hiked listed coffee prices for some of its Folgers Coffee blends effective October 23 due to higher prices for both arabica and robusta beans, a company spokesman said Wednesday.
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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 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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Coca-Cola Co. raised the average price of soft drinks last quarter, prompting consumers to switch to less costly PepsiCo Inc. drinks and store brands like Wal-Mart Stores Inc.
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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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Starbucks Corp. on Wednesday said  customers will be able to make custom music CDs at 45 of its  U.S. coffee shops by later this month, the first step in a plan  to expand the service nationwide.
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Citing sharp increases in commodity costs, Community Coffee will increase prices on its trademaker Red Bag coffee for the first time in seven years, the company said.
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Coffee chain Starbucks Corp.  said on Monday it would offer warm food such as egg sandwiches in the New York area to attract customers looking for more meal options.
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Starbucks Corp. SBUX.O on  Wednesday said quarterly net profit rose 47 percent, helped by  sales of new products like Frappuccino Light, aggressive store  expansion, and an extra week.
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U.S. consumers aren't going to balk   at paying an extra nickel for their daily cup of Starbucks   coffee despite high gas prices and other pressures on their   wallets, analysts said on Friday.
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Kraft Foods Inc. KFT.N said Tuesday  it raised the price of its Maxwell House coffee brand by 28  cents per 13-ounce can, becoming the second major U.S. roaster  to boost prices in a week.
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Expensive coffee? Starbucks is cheaper than you thought.
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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.