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Starbucks opened the first of its fancy new Reserve stores Tuesday, as it continues battle competition from upscale coffee brands like Blue Bottle and Intelligentsia.The company said the store, which debuted inside its Seattle headquarters, is the first of 1,000 planned Reserve stores.Starbucks described the store concept as "an open, marketplace style" with a Princi bakery counter, a full liquor bar and a Reserve coffee bar, with tables, lounge areas and two fireplaces."Our Reserve store takes the best of coffee craft as well as artisan baking and layers in a marketplace-style customer experience creating a space that has both energy and moments of intimacy," said Liz Muller, senior vice president of Creative, Global Design & Innovation at Starbucks, in a statement.The company said the new products at the Seattle Reserve store include the Nitro Draft Latte, Spiced Ginger Cold Brew and an espresso drink called Bianco Mocha.Starbucks said that its Reserve rollout, which has been in the works since 2016, will also include 20 to 30 new Roasteries, with locations planned for Milan and New York this year, and in Tokyo and Chicago next year. The company said that some of the new Reserve stores will be converted from existing Starbucks stores.The company said it already has dozens of Reserve bars open in existing Starbucks locations. The Reserve bars are different from the Reserve stores. The company said it also plans to open stand-alone Princi stores in Seattle, Chicago and New York.Starbucks has more than 28,000 stores worldwide, according to its latest earnings report in January. But the company's growth of new stores fell below analysts' expectations.Howard Schultz stepped down as Chief Executive Officer last year but stayed with the company to focus on the Reserve brand. Kevin Johnson is the current CEO. 1846
Summer is almost here, but school’s not out quite yet — we’ve got one more pop quiz: What items can you get great deals on at Memorial Day sales?Stumped? We made a cheat sheet that you can use before you start spending.Here are three categories to keep an eye on this Memorial Day. While the holiday is May 28, some deals are already underway. 356
Steve Wynn will not be getting severance pay following his resignation from Wynn Resorts earlier this month.RELATED: Las Vegas police receive two reports of sexual misconduct by Steve WynnAccording to a document filed Feb. 15 with the U.S. Securities and Exchange Commission and signed by new Wynn Resorts CEO Matthew Maddox, Wynn will not receive any other compensation. He also cannot compete against the company for two years.The separation agreement also notes that Wynn must leave his residence at Wynn Las Vegas by June 1 and pay fair market rent until that date. Wynn can terminate the lease before that date. Wnny wll also cease to have administrative support after May 31 and health insurance through the company after Dec. 31, according to the document. Wynn's employment with Wynn Resorts began on Oct. 4, 2002 and ended on Feb. 6, 2018. He resigned following allegations of sexual misconduct. The document also acknowledges that Wynn agrees to cooperate with Wynn Resorts Board of Directors investigation into his time at the company. The board announced prior to his resignation that they were looking into the allegations. 1165
TAHLEQUAH, Okla. - The Cherokee Nation issued a statement on Massachusetts Senator Elizabeth Warren's DNA test results.Warren released her DNA report in response to President Donald Trump taunting her for her saying she was part Native American.Warren released her 23 and Me report and it stated that "the great majority of (Warren's) identifiable ancestry is European." However, the report adds, "The analysis also identified 5 genetic segments as Native American in origin at high confidence."This afternoon the Cherokee Nation released a statement that said in part that DNA tests are useless in determining tribal citizenship and people using DNA to connect themselves to Cherokee Nation is inappropriate.You can read the full statement below: 760
The Bluths are getting a "new new beginning."Netflix has released a trailer for season five of "Arrested Development," and one of America's favorite dysfunctional families looks to be back with a vengeance.There's Jason Bateman as Michael Bluth, looking harried as usual, and David Cross is back as Tobias Fünke, yet again in Blue Man Group-style makeup. 362