Pay to Stay: Starbucks refreshes store rules
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 14 January 2025
⏱️ 6 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Tuesday, January 14th. I'm Julie Morgan. The free internet at Starbucks and comfy seats are for paying customers only. |
| 0:19.0 | Honeywell is reportedly exploring the option to split in two, |
| 0:23.2 | and Comcast shows interest in the city of Brotherly Love. |
| 0:28.0 | Starbucks plans to roll out a new policy later this month that resets expectations for |
| 0:33.3 | conduct at its stores. |
| 0:35.4 | In a notable shift from its prior policy, guests will have to make a |
| 0:39.4 | purchase to linger in stores or to use the company's restrooms. The new store policies also |
| 0:45.1 | include adding signs banning harassment, violence, threatening language, outside alcohol, |
| 0:51.0 | smoking, and any panhandling according to a notice given to employees. |
| 0:56.0 | Starbucks North America President Sarah Trilling said that there is a need to reset expectations |
| 1:01.4 | for how their spaces should be used and who uses them. |
| 1:05.9 | If you remember, it was late last year that the new CEO Brian Nichols said he wants Starbucks stores to be a welcoming |
| 1:12.3 | coffee house where people gather and where the company serves the finest coffee handcrafted |
| 1:17.6 | by skilled baristas. The new policy takes effect on January 27th. The comment section of this article |
| 1:24.8 | on Seeking Alpha debates the reasonableness of this new approach. |
| 1:29.5 | You'll find a link to the article in show notes. Starbucks closed 1.3% higher on Monday. |
| 1:36.9 | Honeywell is up 0.4% in pre-market action after Bloomberg reported on Monday that the company is |
| 1:44.0 | poised to proceed with a breakup. |
| 1:46.4 | The report says that Honeywell is under pressure from activist Elliott Investment Management |
| 1:51.5 | and that the company will possibly announce its plans alongside Q4 earnings, which are scheduled |
| 1:57.3 | to be released in early February. According to the report, Honeywell is planning to split into two independent publicly traded companies, |
... |
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