SEATTLE Starbucks Corp. detailed expectations for “an extremely challenging fiscal 2009” in its annual report Monday, citing increased competition, the possibility for additional restructuring measures and the expectation of continued consumer pressures. The filing was in keeping with the coffeehouse chain’s fiscal 2009 projections for negative same-store sales and flat revenues that were outlined in its fourth-quarter earnings report Nov. 10. Same-store sales fell 3 percent in ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!