Starbucks Raises Prices on Drinks in U.S. Cafes to Recoup Costs
Starbucks Corp. (SBUX), the world’s largest coffee-shop operator, raised prices in certain U.S. markets to help recoup higher commodity and rent costs.
“We regularly review pricing and make adjustments as needed to support the business,” Alan Hilowitz, a company spokesman, said in an interview today. Cafes in the Pacific Northwest, Midwest and Southern California raised prices on some beverages yesterday, he said.
The price increases vary by store and region, Hilowitz said. Starbucks is based in Seattle.
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