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Starbucks raises some prices
Seattle – Starbucks has enacted small increases in the prices of less than one-third of its beverages in select markets. The increases, which average about 1%, affect smaller sizes of brewed coffee, tea, latte and espresso drinks. Larger venti- and grande-sized drinks will not have their prices changed.
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Herman Miller offers hopes for office products sector
ZEELAND, Mich. — Office furniture manufacturer Herman Miller posted strong fourth quarter results and offered an indication that demand may finally pick up for other segments of the office products world.
The company reported net sales for the quarter ended June 1 of $460 million, an increase of 9.3% from $420.7 the same quarter last fiscal year. For the full fiscal year, net sales were $1.8 billion, reflecting a year-over-year increase of 2.9% from $1.7 billion.