Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New York > New York City
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-21-2018, 08:03 AM
 
Location: Brooklyn
782 posts, read 852,553 times
Reputation: 1030

Advertisements

Interesting...my local starbucks actually just took over a store next door and expanded to twice its original size.


Honestly...this report is not really of any significance. Them scaling back growth estimates by 2%, but still expecting a small growth is hardly note-worthy. Business fluctuates regularly from quarter to quarter. This is far from the end for Starbucks.
Reply With Quote Quick reply to this message

 
Old 06-21-2018, 09:30 AM
 
Location: New York, NY
12,742 posts, read 8,180,605 times
Reputation: 7054
Quote:
Originally Posted by funcrusher3000 View Post
Interesting...my local starbucks actually just took over a store next door and expanded to twice its original size.


Honestly...this report is not really of any significance. Them scaling back growth estimates by 2%, but still expecting a small growth is hardly note-worthy. Business fluctuates regularly from quarter to quarter. This is far from the end for Starbucks.
One thing that should be said is that they are competing with more coffee shops now... Little Collins, Blue Bottle, Ninth Street Espresso, Joe Coffee, Kaffe 1668, and FIKA are just some of the places I go to for coffee.
Reply With Quote Quick reply to this message
 
Old 06-21-2018, 10:10 AM
 
Location: Østenfor sol og vestenfor måne
17,916 posts, read 24,203,574 times
Reputation: 39027
Quote:
Originally Posted by jen5276 View Post
it's crazy because all the locations in midtown Manhattan are super packed all the time.
To be fair, all of Manhattan is super packed all the time. If there was a store offering to cut your foot off for a dollar, it would be super packed.
Reply With Quote Quick reply to this message
 
Old 06-21-2018, 10:11 AM
 
Location: Born in L.A. - NYC is Second Home - Rustbelt is Home Base
1,607 posts, read 1,077,873 times
Reputation: 1372
Dunno how people pay all that $ for drinks. Too pricey for me.
Reply With Quote Quick reply to this message
 
Old 06-21-2018, 10:45 AM
 
Location: Østenfor sol og vestenfor måne
17,916 posts, read 24,203,574 times
Reputation: 39027
Quote:
Originally Posted by slackercruster View Post
Dunno how people pay all that $ for drinks. Too pricey for me.
A 16oz. coffee at Starbucks is about $2.

More than it is worth, but not exactly bank breaking.
Reply With Quote Quick reply to this message
 
Old 06-21-2018, 10:57 AM
 
Location: New York, NY
12,742 posts, read 8,180,605 times
Reputation: 7054
Quote:
Originally Posted by ABQConvict View Post
A 16oz. coffee at Starbucks is about $2.

More than it is worth, but not exactly bank breaking.
Most people go for things that are far more than $2, like the frappucinos or whatever they call them.
Reply With Quote Quick reply to this message
 
Old 06-21-2018, 11:22 AM
 
Location: NY
15,872 posts, read 6,672,475 times
Reputation: 12033
L.O.L.
Real Estate prices follows the coffee stocks.
Expect home sale prices to drop almost 9% this year .
Hooray...................
Reply With Quote Quick reply to this message
 
Old 06-21-2018, 11:28 AM
 
3,937 posts, read 5,041,802 times
Reputation: 4145
Quote:
Originally Posted by funcrusher3000 View Post
Interesting...my local starbucks actually just took over a store next door and expanded to twice its original size.


Honestly...this report is not really of any significance. Them scaling back growth estimates by 2%, but still expecting a small growth is hardly note-worthy. Business fluctuates regularly from quarter to quarter. This is far from the end for Starbucks.
Larger stores may be a solution to some of their growing pains.

If you know your customer is willing to walk a block or two further you can condense and offer a better experience.

The whole market today is very "the sky is falling".
Reply With Quote Quick reply to this message
 
Old 06-21-2018, 12:13 PM
 
15,760 posts, read 14,368,122 times
Reputation: 11814
SBUX is very aggressive as far as it'e real estate operations go. They have no problem walking away from locations if the LL tries to stick it to them. They walked away from their first NYC store on Broadway & 86th, and that store was always busy. They did the same thing on 81st and 2nd, and opened another store one block south. They'll just look for another LL in the same area who's willing to make a deal.

Quote:
Originally Posted by BugsyPal View Post
At least three SBs have closed on UES, and two of the spaces were promptly rented to new tenants. Third (78th and Lexington) was in a building that is part of nearly an entire block that is coming down for redevelopment.


SB has been closing stores, and or reopening elsewhere for a few years now as leases come up for renewal.


Starbucks first "invaded" NYC nearly almost twenty years or so (give or take). As such many of those leases are (or were) coming up for renewal. Well NYC in particular Manhattan is much different today than it was twenty years ago. Retail rents have gone up and that goes for SB as well. They either must pay what LL want's or sling their hook and close.


If you've noticed SB's new stores on average aren't those huge lounges of past. But smaller spaces often with limited seating space.


SB has also stopped having two stores literally a block away from each other for most part as well. There once were two Starbucks at Astor Place (one across from K-mart, and the other on Third). When the latter was pushed out because that property was being redeveloped, SB didn't bother trying to open another.
Reply With Quote Quick reply to this message
 
Old 06-21-2018, 07:25 PM
 
Location: NYC
20,550 posts, read 17,529,738 times
Reputation: 25616
Quote:
Originally Posted by Javawood View Post
I hope they're going down, their prices are absurd. Honestly though, most coffee places are.
I disagree, I drink a lot of coffee and starbucks coffee is just medium quality to me. But, just about every other new coffee places that sells coffee around the same price aren't consistent. Almost every street corner food cart coffee is too weak and many serve stale coffee. Just like Korean deli coffee which used to be the official "NY coffee" place before Starbucks.

Dunkin Donuts and McDonalds coffee is a waste of money because even you buy a large cup. There is so little caffeine inside it's weaker than black teas. Their ice coffees are usually loaded with sugar and no coffee tastes at all. Waste of money.

Now there are some nice cafes around the city but they actually cost more than Starbucks. Starbucks espresso are actually very high quality and decently priced compared to many overpriced cafes around the city.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:




Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New York > New York City

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top