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Old 01-31-2009, 08:59 AM
 
Location: Georgia, on the Florida line, right above Tallahassee
10,471 posts, read 15,829,266 times
Reputation: 6438

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Ohhh, that's gotta leave a bitter taste...in your...mouth. Or something like that.

Moody's says may downgrade Starbucks ratings - Forbes.com (http://www.forbes.com/feeds/reuters/2009/01/29/2009-01-29T221013Z_01_N29311607_RTRIDST_0_STARBUCKS-RATINGS-SANDP.html - broken link)

Reminds me of Fishworks. Upscale fish and chips for the win.

Upmarket restaurant chain Fishworks goes into administration | Business | guardian.co.uk
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Old 01-31-2009, 09:56 AM
 
Location: Charleston, SC
5,615 posts, read 14,789,091 times
Reputation: 2555
I'd better use those gift cards soon then...

For what it's worth, I haven't heard this in the local Seattle media yet and they've been pretty good about opening with whatever major local employer is having trouble.
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Old 01-31-2009, 10:17 AM
 
9,846 posts, read 22,671,465 times
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Well I remember a few years ago reading an interview in Wired or Fast Business with the CEO and his plan was to over expand and totally saturate the market to the point some starbucks would be in sight of one another. I knew then the guy was a total clown and didn't touch starbuck stock with a 10 ft pole.
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Old 01-31-2009, 10:19 AM
 
3,631 posts, read 10,232,381 times
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Quote:
Originally Posted by wanneroo View Post
Well I remember a few years ago reading an interview in Wired or Fast Business with the CEO and his plan was to over expand and totally saturate the market to the point some starbucks would be in sight of one another. I knew then the guy was a total clown and didn't touch starbuck stock with a 10 ft pole.
your comment reminds me of this:

YouTube - Lewis Black Starbucks Hillarious!!!!
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Old 02-01-2009, 08:25 AM
 
Location: Houston, TX
17,029 posts, read 30,915,922 times
Reputation: 16265
Quote:
Originally Posted by wanneroo View Post
Well I remember a few years ago reading an interview in Wired or Fast Business with the CEO and his plan was to over expand and totally saturate the market to the point some starbucks would be in sight of one another. I knew then the guy was a total clown and didn't touch starbuck stock with a 10 ft pole.
Im my neighborhood in Houston this was the case. Two right across street from each other.
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Old 02-01-2009, 08:29 AM
 
410 posts, read 515,030 times
Reputation: 248
Starbuck's is a very well recognized establishment. that is odd that it would go downhill all of a sudden?
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Old 02-01-2009, 10:22 AM
 
Location: Little Rock, AR
138 posts, read 368,981 times
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Quote:
Originally Posted by serena nisha sattar View Post
Starbuck's is a very well recognized establishment. that is odd that it would go downhill all of a sudden?
People don't need or can't afford $5 lattes. If Starbucks would lower their prices they would be back in business.
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Old 02-01-2009, 11:44 AM
 
Location: Rockland County New York
2,984 posts, read 5,855,797 times
Reputation: 1298
Starbucks just might disappear. There is so much competition in the coffee industry today. $5 dollars for a cup of coffee is extreme these days but their huge number of stores is weighing them down. They are just another industry which relied on the concept of premium pricing. They should take a look at Dunkin Doughnuts decision to offer a less expensive product as a means of drawing back the customers they have lost.
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Old 02-01-2009, 12:16 PM
 
3,762 posts, read 5,420,843 times
Reputation: 4832
I got coffee from Starbucks once, and that was more than enough for me. When you feel like you need an instruction manual to order coffee, something is seriously wrong.
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Old 02-01-2009, 12:58 PM
 
Location: Orlando, Florida
43,854 posts, read 51,168,388 times
Reputation: 58749
Quote:
Originally Posted by trishguard View Post
I got coffee from Starbucks once, and that was more than enough for me. When you feel like you need an instruction manual to order coffee, something is seriously wrong.
Same here. First thing in the morning, I just want simple easy to order cup of coffee and a splash of cream. Not 15 things to choose from.
Nor do I want to pay $4 ..............
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