I don’t like their coffee, but I commend them for their success in building so many stores that some are directly across the street from one another.
this post was submitted on 30 Apr 2024
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That's such a hellscape.
They opened in Australia and New Zealand with a reasonable number of stores but had to close a bunch of them because their coffee's shit.
I don't like their coffee, but it's pretty cool that they've undercut local businesses and monopolized entire towns with their slavery coffee
My guy what are you saying? How is anything Starbucks has done commendable?
I guess I wasn’t clear.
The dense clustering of Starbucks locations, often situated across the street from one another, has led to an oversaturation that has negatively impacted their sales.
Ah, so you were being sarcastic? I am severely autistic and sometimes don't register it
Yes.
I was being sarcastic, I do not like Starbucks whatsoever
Those poor share holders. Why won‘t anyone think of the share holders?
Why would Biden do this to Starbucks?
He's full of shit and they will continue to blame it on the wrong reasons.
McDonald’s, PepsiCo and other companies have said this quarter that low-income consumers have pulled back their spending
People are poorer. Maybe if that starts to affect the bottom line for shareholders we can expect to see some progressive economic policies put forward, no matter how optimistic that sounds.
The timing of years of growth stopping directly after large boycotts for supporting israel is suspicious.
Are companies not targeted by these boycotts facing similar sales drops currently?
You live in a very unrepresentative bubble if you think the boycotts have anything to do with this. It's a fringe movement at best, and if it's going to have an impact it will be from richer consumers who can better afford to choose their spending habits.
It's wages not keeping up with inflation levels not seen in the West since the '80s. Simple as.
Yeah I'm in that CEO Bubble
Good question, I don't know the answer. I can only really say anecdotally that I'm feeling the cost of living crisis in the UK, I've absolutely cut back on non-essential spending and that I wouldn't be surprised if many others have done the same.
Boywhat