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by Wes Abney
Business Manager
When did the morning pick me
up evolve into a triple venti half
caff. with soy and absolutely no
whipped cream? Wait, $6 for that
coffee treat? Wake up people!
Is it any surprise that Starbucks’
share prices are down across the
board, and that the company is
looking at making job and store
cuts throughout the greater Seattle
area? This is the hometown of café
passion, but the Starbucks price
hike isn’t flying in its home city.
Personally, I won’t pay for their
coffee. I don’t support the idea
that huge profits should deny
my right to a high quality cup o’
joe. Unfortunately, I always get
Starbucks’ lovely little cards for
gifts, and all this means is that I
know exactly how much their latté
abominations cost. Nationwide,
their coffee sales are reflecting my
sentiments. In the currently shaky
stock market, Starbucks shares
are down 2.3 percent, or
41 cents a share.
Overall, Starbucks
Corp. is responsible
for over
170,000 jobs and
even more cups
of coffee. They are
the largest worldwide
coffee company
in existence. This
gives them a huge amount
of responsibility for the lives and
markets they influence. Following
the loss of a CEO and the rehire of
Howard Schultz, the company is
dropping 220 corporate jobs in the
city of Seattle. As a native of this
fair city, it concerns me that a company
as entrenched as Starbucks is
struggling to survive.
So what is the answer?
Cheaper coffee prices.
Lately, other big
name coffee companies
have been
working to keep
things simple.
Specifically,
Dunkin’ Donuts
has started advertising
basic choices
for their caffeinestarved
clientele.
Now even McDonalds is serving
espresso at their discounted fast
food prices. Would you like fries
with that cappuccino?
Every morning, I wake up and
get my coffee for $1.50 no matter
where I go. How do I manage this
budget conscious coffee addiction?
Gas stations, where I get six
choices on blends and all the free
syrups and extras I could possibly
hope for. Is Chevron on to something?
I believe so.
Even with an attempt at selling
$1 cups of regular black coffee at
select Seattle stores, Starbucks is
still facing dwindling profits and
interest in their product. They
need to drop their coffee prices if
they want to see any real change
among their consumers.
In the end, a cup of coffee is a cup
of coffee, and the coffee consumer
is going to find it where it’s fastest
and cheapest- and Starbucks
needs to learn that lesson.
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