I guess I'm not the only person who is appalled because starbucks announced a 21% earnings decrease from last year. One of the things they cited in their own companies report was that people have realized how unhealthy their drinks are:
Consumer power at work. w00t!
"Among many changes Mr. Schultz is expected to unveil in coming months, in addition to cutting costs, is the addition of a line of fruit smoothie drinks, the start of a broad effort to offer healthier drinks and expand beyond coffee beverages."
2 comments:
I think there's probibly an issue of over extension and over saturation as well. A lot of places suffer from a starbucks on every other block.
In a meager defense of their pricing and business model, your really paying for more than coffee when you buy a drink there. A lot of ppl will stay and work or read or talk for hours. I think part of the idea is to provide a place for ppl to talk and think funded by coffee sales.
Still, as well as they seem to be doing, it seems like there's probibly room for lowering the prices a bit. Than again, they're charging what the market will bare.
Well, starbucks isn't the only coffee shop that offers a nice sitting area. Other places even have free wifi and cost less (cafe colabria were taylor used to work had better coffee, nicer chairs, free wifi and free live music and their coffee was still more reasonable.) as for th market being able to sustane it. I think the rapidly declining sales numbers indicate that's no the case.
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