Starbucks (SBUX) will slash prices on 12-ounce packages of branded and Seattle's Best coffee...

|About: Starbucks Corporation (SBUX)|By:, SA News Editor

Starbucks (SBUX) will slash prices on 12-ounce packages of branded and Seattle's Best coffee found in grocery stores. Price cuts will amount to more than 10% on both products and are aimed at keeping the company's grocery brands competitive with those of J.M. Smucker (Folgers, Dunkin') and Kraft Foods (Maxwell House), all of which have seen price reductions recently.