Starbucks is so blinded by their high profits that they fail to see the competition building up around them. Seeing more and more smaller, cheaper coffee shops popping up everywhere.
One of their problems is that instead of being a place to do remote work, have a meeting, or have a nicer conversation, their staff turns it into their nightclub with super loud music and laughing all day.
So sad, where will the weak minded sheep go for their oat milk lattes?
Meanwhile I’m sitting in a King Ranch cracking my fourth White Monster of the morning while my A/C blows ICE COLD
Starbucks is now star fkd!
Closing stores all over the world and have been been for the past decade!
The sooner this shit fkd enterprise closes the better
I don’t drink coffee; I don’t care. But under this administration, if the economy was doing so well, why would they need to close 250 stores? MAGA supports—that's a question for you.
That’s because I can make far better coffee in my home and it costs me $.50, plus I don’t have to deal with some obnoxious barista with wierd pronouns or wait in line.
Deleting the app and making coffee at home saves you $300 a month and 15 minutes of standing in line listening to someone customize a 12-ingredient sugar bomb.
This is the part of the consumer slowdown that gets overlooked. Companies don’t need customers to disappear entirely. They just need traffic and spending to fall below what makes a location worth operating.
This is what happens when companies make the mistake of thinking their products are price inelastic. Happened to Doritos and it's about to happen again. People will protest with their wallets and many won't return to the brand ever again.