Retail News

Starbucks falls short of Wall Street’s expectations

The Seattle Times 11/02/2017

Same-store sales at Starbucks increased two percent in the quarter ending Oct. 1, below the 3.2 percent gain forecast by Consensus Metrix. The coffee giant also announced it has reached an agreement to sell its Tazo tea business to Unilever for $384 million. Management also said the company would launch a Starbucks-branded credit card with Chase this winter.

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