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January 30, 2014
07:19 EDTSBUXStarbucks leadership changes positive, says Wells Fargo
After Starbucks announced that its CEO, Howard Schultz, would expand his focus on innovation and next generation retailing and payment initiatives, and that CFO Troy Alstead would be promoted to a newly created COO position, Wells Fargo is pleased by Alstead's promotion, and thinks the company could leverage some of its technology and loyalty programs outside of Starbucks. The firm thinks the company is on the verge of a new, positive turning point but keeps a Market Perform rating on the shares.
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August 15, 2014
06:39 EDTSBUXTim Hortons aims to lure customers via new coffee launch, Reuters says
Tim Hortons (THI) is looking to attract new customers and fight competitors, such as Starbucks (SBUX) and McDonald's (MCD), by revealing a new dark roast coffee blend throughout North America while possibly increasing prices to fend-off increasing expenses and rivals, according to Reuters, citing comments from Tim Hortons CEO Marc Caira. Caira said, "Looking at the coffee market, I would suggest that, given the degree of cost increases, that we are looking at prices going up sometime in 2015." Reference Link

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