Starbucks Raises Prices in New York to Recoup Higher Costs
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Starbucks Corp., the world’s biggest coffee shop operator, raised prices on certain beverages in the U.S. Northeast, South and Southwest to recoup higher costs.
In markets such as New York City, the price of tall brewed coffees and tall lattes increased by 10 cents, while the price for grande brewed coffees stayed the same, Jim Olson, a company spokesman, said today in an e-mail. The changes are the result of “the cost of doing business,” which includes distribution, materials and commodities, he said.