More news that all is not well at Starbuck's with the announcement on Thursday that they have taken a major step back from their music and book business by handing over day-to-day management of its year-old music label to Concord Music Group, as they strive to contain costs and rejuvenate its coffee shop business. Yet this restructuring of Starbuck's Entertainment, seems strange, because even though the unit is small, it's quite profitable and comes just over a year after the company unveiled its Hear Music label with great fanfare. In recent months, however, the chain's overall fortunes have soured due to a sharp downturn in U.S. consumer spending and CEO Howard Schultz has gone on record to say... "We are committed to examining all aspects of our business that are not directly related to our core," I guess he means coffee!
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Oh, and give me one of those bacon flavored Cokes too!
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