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The coffee giant vows to maintain its pace of opening an average of six stores a day. But some analysts think sales of $4 lattes will suffer if the economy falters.
With its affluent customer base and uncanny knack for drawing crowds, Starbucks has long seemed immune to the slowdowns that plague most retailers when the economy falters.
But the king of the $4 coffee is feeling the pinch now. Dairy prices have skyrocketed, fast-food chains have made it easier to find a good cup of joe, and traffic in U.S. stores has flattened amid high fuel prices and turmoil in the housing and credit markets.
Location: Sitting on a bar stool. Guinness in hand.
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Ruined
Now that starbuck is in a little bit of trouble I can have the confidence to say with all certantly. WERE ALL DOOMED THE COUNTRIES ECOMOMY IS RUINED! RUINED! RUINED! BAWHAHAHAHAH (crying)!!!!!!!!!!!!!!...................BAWHAHAHA HA!
The coffee giant vows to maintain its pace of opening an average of six stores a day. But some analysts think sales of $4 lattes will suffer if the economy falters.
With its affluent customer base and uncanny knack for drawing crowds, Starbucks has long seemed immune to the slowdowns that plague most retailers when the economy falters.
But the king of the $4 coffee is feeling the pinch now. Dairy prices have skyrocketed, fast-food chains have made it easier to find a good cup of joe, and traffic in U.S. stores has flattened amid high fuel prices and turmoil in the housing and credit markets.
Maybe if Starbucks made a decent cuppa....they wouldn't have declining sales.....there's too much competition now and they're getting[GETTING?] too arrogant.
The coffee giant vows to maintain its pace of opening an average of six stores a day. But some analysts think sales of $4 lattes will suffer if the economy falters.
With its affluent customer base and uncanny knack for drawing crowds, Starbucks has long seemed immune to the slowdowns that plague most retailers when the economy falters.
But the king of the $4 coffee is feeling the pinch now. Dairy prices have skyrocketed, fast-food chains have made it easier to find a good cup of joe, and traffic in U.S. stores has flattened amid high fuel prices and turmoil in the housing and credit markets.
There's nothing shocking here. This exemplifies the problems with Corporate entities. They by design are always seeking to increase profit even when they already have a lot - corporations as business entities are like psychotic people unable to control their primary impulse.. Of course the growth and profit acceleration of Starbucks will come to a close... it's just a fact. How long until it happens, well that is another question.
They will of course try to do what McDonald's has done... decrease the portions of everything they sell, streamline their supply chain, and decrease costs as much as possible. McDonald's has done exceptionally well despite reaching a point where they had to slow down expansion in the US... they're now expanding globally in new places. Perhaps someday Starbucks will merge with another corporate entity like McDonalds so as to diversify and strengthen their product/service line. Oh well, big deal.
This is simply the way corporations operate. Starbucks is now like a blue-chip stock, it may change over time but it will likely never go away. They are the largest buyer of coffee beans in the world and have been for years now (much like how Wal-mart is the largest buyer of consumer goods) and as such an entire global market now relies upon their success. Aside from that, Starbucks has something most businesses don't have going for them. Starbucks sells an addictive drug which is legal almost everywhere world-wide.
The American public is an interesting animal. We will moan and groan about the rising cost of gas yet we stand (not all) panting at the nearest Starbucks for that $4 latte.
When I want a cup of coffee, I want a really superb cup of coffee so I generally brew my own. Btw Starbucks is just starting their first ad campaign.
No wonder Schultz sold the Sonics to billionaires in OKC....He is strapped for cash!! Now Seattle fans can check him off their list of gripes and whines over the Sonics.
Not even our Universe is capable of expanding forever. One day it will all come crashing back.
So it was for Woolworths.
So it was for A&P
So it is for Sears Roebuck & Company
So it is for Blockbuster, Movie Gallery and Hollywood rental operations
So it will be for WalMart.
Even Starbucks can't overcome the forces of change.
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Ruined
