In The Near Future: “Daddy, What’s A Starbucks?”
By Pete on Nov 20, 2008 in Bad Spending Habits, Saving & Investing | 1 comment
So long Starbucks, and good riddance!
Who would have thought you could have made so much money selling coffee? Well, the overpriced coffee fad had to die down eventually (just like everything else in this world) and your contingency plans were horrible (you can thank your upper management for that). I mean, did you think that you were going to keep this “nutty” thing going on until the end of times?
Seriously? You had a good (no, great) run, you saturated the market for the longest time and now your customers are answering the questions that you should have brought up in your board room meeting — “Why am I paying $4 for coffee that I can make at home?” or “What’s wrong with McDonald’s coffee? It’s cheaper and taste better!” Sound familiar? Yea, probably not! Continued
