Starbucks forced to reveal planned price increase

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Starbucks Corp. will raise prices on some of its beverages July 12. The company was forced to discuss the increase Friday, after the new prices were entered in computers early and customers were charged the new rate. Starbucks (NASDAQ: SBUX) released a statement about the glitch. On July 12, Starbucks is planning a small price increase on select beverages. Unfortunately, that price adjustment was prematurely entered into the point of sale systems in our U.S. company-operated stores. As a result,…