ADVFN - Advanced Financial Network.
HOME» NASDAQ » S » SBUX Stock Price » SBUX Stock News

Starbucks Share News

 Starbucks (mm) Stock Price
SBUX Stock Price
 Starbucks (mm) Stock Chart
SBUX Stock Chart
 Starbucks (mm) Stock News
SBUX Stock News
 Starbucks (mm) Company Information
SBUX Company Information
 Starbucks (mm) Stock Trades
SBUX Stock Trades

Starbucks to Open Tazo Tea Store in Seattle

By Annie Gasparro Starbucks Corp. (SBUX) plans to open its first Tazo Tea Store in Seattle this fall, after testing sales of loose-leaf tea in its nearby Roy Street Coffee & Tea store, a spokeswoman said Wednesday. The debut of a standalone tea store comes just a few months after Starbucks opened its first noncoffee store--a fresh-juice shop, also in Seattle, through its recent acquisition of Evolution Fresh. Starbucks says the stores give customers a chance to interact with the brands they will have seen sold as packaged goods in Starbucks cafes and grocery stores. The company has been expanding its packaged-goods line and branching out from its core coffee business a lot lately. It also recently entered the energy-drink sector and is acquiring a bakery. Starbucks says Tazo, which it bought in 1999, is now a $1.4 billion brand. But there is still a significant opportunity for its growth, given that the tea is a $95 billion global market, the spokeswoman said. The tea store will sell hot- and iced-tea drinks and tea lattes, and also have a blending station where customers can create their own teas. It will also offer brewing equipment, pastries, packaged chocolates and other related treats. The news of the store was reported earlier by the Seattle Times. Starbucks hasn't set prices or disclosed how many stores the company plans to build. Write to Annie Gasparro at annie.gasparro@dowjones.com

Stock News for Starbucks (SBUX)
DateTimeHeadline
No Recent News Available

Starbucks and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad