ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

SBUX Starbucks CDR Cad Hedged

22.40
-0.38 (-1.67%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Starbucks CDR Cad Hedged NEO:SBUX NEO Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.38 -1.67% 22.40 22.20 23.00 22.64 22.37 22.64 24,365 22:30:01

Starbucks Appoints New Marketing Chief Amid Sales Woes

03/09/2009 6:02pm

Dow Jones News


Starbucks CDR Cad Hedged (NEO:SBUX)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more Starbucks CDR Cad Hedged Charts.
   DOW JONES NEWSWIRES 
 

Starbucks Corp. (SBUX) appointed PepsiCo. Inc. (PEP) veteran Annie Young-Scrivner as its global chief marketing officer, while Starbucks veteran Michelle Gass will serve in the newly created role of president at its Seattle's Best Coffee business.

The Seattle-based coffee retailer has been trying to stem a slide in sales growth in recent years and, more recently, declines in customer traffic and sales receipts amid the recession.

Starbucks also has been looking at ways to boost sales and cut costs since Howard Schultz returned to the company as chief executive in January 2008. Since then, he has been closing stores, renegotiating rents, reducing the number of bakery suppliers and working to make stores run more efficiently.

He noted Thursday that moving Seattle's Best Coffee into a separate business unit will provide focus for the brand. "These appointments will strengthen the expertise of a proven internal leader and enhance the leadership team with diverse talent from outside Starbucks to give us the depth necessary to operate a global business," he added

Young-Scrivner served as chief marketing officer at Quaker Foods, a division of Pepsi. "Annie brings a wealth of knowledge in international business and a proven track record in global marketing and product strategy, including health and wellness," said Schultz.

Gass, a 13-year Starbucks veteran, spent the past 14 months heading Starbucks' marketing efforts after a management shakeup. At the time, she has been Schultz's right-hand person since he returned as CEO and was behind the success of Starbucks' Frappuccino line.

Shares recently were down 1% at $18.37. The stock is up 94% this year after 2008's slump.

-By Tess Stynes, Dow Jones Newswires; 212-416-2481; tess.stynes@dowjones.com

 
 

1 Year Starbucks CDR Cad Hedged Chart

1 Year Starbucks CDR Cad Hedged Chart

1 Month Starbucks CDR Cad Hedged Chart

1 Month Starbucks CDR Cad Hedged Chart

Your Recent History

Delayed Upgrade Clock