Starbucks
Starbucks is the world's largest coffeehouse chain, operating 35,711 stores across 80 countries as of the cited data.[1] Among its U.S. locations, more than 8,900 are directly run by the company, with the rest operating under license agreements.[1]
Quick Facts
- Founders
- Jerry Baldwin
- Zev Siegl
- Gordon Bowker
- Headquarters
- Starbucks Center
- Country
- U.S.
- Locations
- 40,990
- Industry
- Restaurant
- Genre
- Coffeehouse
- Products
- Coffee beverages
- smoothies
- tea
- baked goods
- sandwiches
Facts from the source article.
Key facts and history
The founders chose the name "Starbuck" from the chief mate in the book Moby-Dick, after first considering "Starbo", a misreading of the mining town Storbo.[2] The first store was located at 2000 Western Avenue from 1971 to 1976, then moved to 1912 Pike Place.[3] The founders were motivated to offer premium coffee beans and equipment after being influenced by Alfred Peet, an entrepreneur in coffee roasting.[4] Howard Schultz, who had previously served as the company's director of marketing, purchased the Starbucks chain from its original founders in 1987 and subsequently converted his own Il Giornale coffee outlets into Starbucks locations.[5]
When Starbucks went public in June 1992, it operated 140 outlets and generated US$73.5 million in revenue, a significant increase from the US$1.3 million reported in 1987.[6] The Frappuccino beverage, whose rights were obtained through the 1994 purchase of The Coffee Connection, was first sold under the Starbucks brand in 1995.[6] A July 2008 announcement from Starbucks, made during the Great Recession, revealed the planned closure of 600 company-owned stores that were not performing well.[7] Starbucks revealed in December 2020 a goal to expand its total store count from approximately 33,000 to around 55,000 by the year 2030.[8]
What the cited sources add
A Boston Magazine article reports that Starbucks bought the Coffee Connection chain for $23 million in 1994, and by 1996 made over $52 million in annual Frappuccino sales.[9] The same source notes that the Frappuccino now accounts for 20 percent of Starbucks' annual sales, worth over $2 billion.[9] A Mother Jones investigation states that Ethos water was acquired by Starbucks in 2005, and for every $1.95 bottle sold, Starbucks makes a 5-cent donation to the Ethos Water Fund.[10] The Mother Jones article also reports that Starbucks' partnership with Ethos has raised more than $12.3 million for water charity projects.[10]
A CNBC article states that Starbucks said in September 2022 it had sent letters to 238 stores offering a three-week window in October to start contract negotiations.[11] A CNN article reports that Starbucks' chief marketing officer called the 2023 olive oil-infused coffee line "one of the biggest launches we've had in decades".[12]
References
- Wikipedia, "Starbucks" (CC BY-SA 4.0), which cites: "Starbucks stores: U.S. and international", Statista (original not read by us) en.wikipedia.org
- Wikipedia, "Starbucks" (CC BY-SA 4.0), which cites: "Peter Storbo, president of the Mount Rainier Mining Company, is found", www.historylink.org; "Wonderland Trail Mount Rainier National Park, Cultural Landscape Inventory", National Park Service; Rolph, "How Starbucks got its name – Seattle's Big Blog", Seattle Post-Intelligencer, June 29, 2012; Rolph, "How Starbucks got its name – Seattle's Big Blog", Seattle Post-Intelligencer, June 29, 2012; Allison, "Starbucks co-founder talks about early days, launching Redhook and Seattle Weekly, too", The Seattle Times, March 9, 2008 (original not read en.wikipedia.org
- Wikipedia, "Starbucks" (CC BY-SA 4.0), which cites: Brewer, "Pacific Northwest.", Dorling Kindersley, 2012, p. 135–; Farr, "Starbucks: The Early Years", HistoryLink, February 15, 2017 (original not read by us) en.wikipedia.org
- Wikipedia, "Starbucks" (CC BY-SA 4.0), which cites: "1st And Pike", Starbucks Coffee Company; Chuang, "Starbucks in the World", HOLISTICA – Journal of Business and Public Administration, December 1, 2019, p. 99–110; "Time Out Guide San Francisco", Time Out, 2011; Pendergrast, pp. 252–53 (original not read by us) en.wikipedia.org
- Wikipedia, "Starbucks" (CC BY-SA 4.0), which cites: Knobel, "Peet's: Founded in Berkeley, acquired in Germany", Berkeleyside, July 23, 2012; "Starbucks Coffee Co. Sold", June 7, 1987; Fabricant, "Americans Wake Up and Smell the Coffee", The New York Times, September 2, 1992; "Starbucks Company Timeline", Starbucks; Peiper, "Howard Schultz and Starbucks: 25 moments to remember", Starbucks, June 25, 2018; "Forty years young: A history of Starbucks", The Daily Telegraph, May 11, 2011 (original not read by us) en.wikipedia.org
- Wikipedia, "Starbucks" (CC BY-SA 4.0), which cites: Bowman, "If You Had Invested $1,000 in Starbucks' IPO, Here's How Much You'd Have Today", The Motley Fool, January 16, 2020; "7 Fun Facts about Starbucks In Honour of Its IPO's 25th Anniversary", June 26, 2017; Nanos, "The Story of the Frappuccino: How a chilly coffee drink became a billion-dollar behemoth", Boston Magazine, December 7, 2012 (we also read that source) en.wikipedia.org
- Wikipedia, "Starbucks" (CC BY-SA 4.0), which cites: Herman, "Coffee Crisis? Starbucks Closing 600 Stores", ABC News, July 1, 2008; Adamy, "Starbucks to Shut 500 More Stores, Cut Jobs", The Wall Street Journal, July 2, 2008 (original not read by us) en.wikipedia.org
- Wikipedia, "Starbucks" (CC BY-SA 4.0), which cites: Wiener-Bronner, "Starbucks plans to open about 22,000 stores in the next ten years", CNN, December 9, 2020 (original not read by us) en.wikipedia.org
- Nanos, "The Story of the Frappuccino: How a chilly coffee drink became a billion-dollar behemoth", Boston Magazine, December 7, 2012. facts only, no text reused. bostonmagazine.com
- Lenzer, "Starbucks Wants You to Feel Good About Drinking Up California's Precious Water", Mother Jones, April 29, 2015. facts only, no text reused. motherjones.com
- "Starbucks says it wants union bargaining to begin", CNBC, September 26, 2022. facts only, no text reused. cnbc.com
- Maruf, "Some customers are complaining the new olive oil-infused Starbucks drink is making them run to the bathroom CNN Business", CNN, April 8, 2023. facts only, no text reused. cnn.com
Each numbered sentence above was checked against the source it cites before publication. Sentences citing Wikipedia adapt text from the English Wikipedia article Starbucks (contributors), used under CC BY-SA 4.0; this entry is available under the same licence. Other sources were used for facts only; no text or images are copied from them.
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