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Starbucks Says Upcoming Price Increase 'Is in No Way Related to' Tuition Program
Starting next week Starbucks (SBUX) cafés will charge several cents more for certain drinks, and the price of Starbucks packaged coffee in supermarkets will go up about $1.
Company spokesman Zack Hutson said in an e-mail that “this pricing adjustment is in no way related to the education announcement we made earlier this week.”
Starbucks announced a new initiative on Sunday to help pay workers’ tuition at Arizona State University’s online program. ASU will provide scholarships for Starbucks workers in all years. Starbucks’s contribution applies only to third and fourth-year students whom the chain will reimburse for their out-of-pocket tuition costs after scholarships and other financial aid, reported the Chronicle of Higher Education.
Full story ==> http://www.businessweek.com/articles/2014-06-20/starbucks-says-upcoming-price-increase-in-no-way-related-to-tuition-program
Starting next week Starbucks (SBUX) cafés will charge several cents more for certain drinks, and the price of Starbucks packaged coffee in supermarkets will go up about $1.
Company spokesman Zack Hutson said in an e-mail that “this pricing adjustment is in no way related to the education announcement we made earlier this week.”
Starbucks announced a new initiative on Sunday to help pay workers’ tuition at Arizona State University’s online program. ASU will provide scholarships for Starbucks workers in all years. Starbucks’s contribution applies only to third and fourth-year students whom the chain will reimburse for their out-of-pocket tuition costs after scholarships and other financial aid, reported the Chronicle of Higher Education.
Full story ==> http://www.businessweek.com/articles/2014-06-20/starbucks-says-upcoming-price-increase-in-no-way-related-to-tuition-program