Bloomberg News

Starbucks Raises Prices on Drinks in U.S. Cafes to Recoup Costs

November 17, 2011

Nov. 16 (Bloomberg) -- Starbucks Corp., 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.

--Editors: Kevin Orland, Robin Ajello

To contact the reporters on this story: Leslie Patton in Chicago at lpatton5@bloomberg.net

To contact the editor responsible for this story: Robin Ajello at rajello@bloomberg.net


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