Competitor News

We noted a number of news items about Starbucks this week and thought we’d pass some along. First, there was the report that they have partnered with Joyride Coffee Distributors to make cold brew coffee for the company using Starbucks’ beans and packaging in in kegs. Joyride delivers non-alcoholic beverage kegs to commercial locations in…

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Competitor News

For the better part of this week, Krispy Kreme was silent on whether the rumors that the company would lay off workers and move its headquarters from Winston-Salem to Charlotte, NC. Well, at long last, the JAB owned company acknowledged that it will lay-off 90 employees from its headquarters, which will remain in Winston-Salem, but…

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Miscellaneous

Dunkin held a CFO call yesterday, during which there was no discussion of the $100 M “fund”. Apparently that will be left for February 2018 meeting, but they did reveal that DD US fees and royalty income to date was tracking a bit higher than last year and that out year accounting standards will cause…

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Starbucks Tea Party

If they were shooting for the Boston Tea Party anniversary, they missed! Patriots in revolutionary New England dumped 342 chests of tea overboard from 3 British ships to protest the Tea Act on December 16, 1773. Starbucks announced it was closing all 379 of its Teavana stores across the country back in July of this…

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Competitor News

It was reported this week that Starbucks investors raised questions on the equality of sick leave offered by the company to their corporate employees versus their retail service personnel. Starbucks investor Zevin Asset Management had let it be known that it would be looking closely at company sick leave policies at several of the companies…

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Coffee Connections

There usually isn’t enough coffee news to warrant its own discussion in Small Regular, but it seems this week might be the exception. You can stay up on the latest of the drama within the Tim Horton’s brand by checking out this article on Blue Mau Mau last week. It seems the Tim Horton brand…

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Competitor News

Dunkin’ wasn’t alone in making a new hire right after the Labor Day holiday as Starbucks announced on Wednesday that Board member and former Sam’s Club executive Rosalind Brewer had been appointed to the position of President and Chief Operating Officer. Brewer will assume the post on October 2. McDonald’s this week announced a deal…

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Miscellaneous

Two different court actions are notable this week as shopping center giant Simon Property Group filed a lawsuit against Starbucks over the company’s decision to close all 379 of its Teavana stores. According to the court action, 78 of those stores are in Simon malls and would constitute breach of their leases if the company…

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Miscellaneous

It was bad news all around relative to the restaurant industry economy in the month of July, as both same store sales and traffic both dropped in the height of the summer months and the growth in average ticket slowed to a trickle during the month. SSS fell 2.8 percent during the month, down 1.8…

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Competitor News

Starbucks announced yesterday that it will close all 379 of its Teavana stores over the course of the next year, with many of the underperforming units closing as early as next spring. Additionally, the company has announced that it will purchase the remaining 50 percent stake in its East China joint venture for $1.3 billion…

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