The Coffee Woes
With the world economy on shaky ground, the coffee market has been hit hard including coffee shops who are losing customers as people try to reduce their spending on unnecessary luxuries.
In the UK instant coffee product sales from a leading super market have risen 40% since this time last year and as you know, Starbucks has been closing stores left and right.
All the while, instant coffee products are being recalled because of tainted milk powder from China. If you have any Mr. Brown 3-in-1 and 2-in-1 powdered coffee mixes laying around, get your money back because they have been recalled due to their possible contamination with melamine. The canned varieties are fine.
Also, world coffee markets have taken a tumble because of the US Stock Market uncertainty. According to the Nairobi Coffee exchange, the average price per bag dropped to $147.82 from $166.27 last week.
Is there a silver lining to all this? Well, Dunkin’ Donuts, in order to draw customers back, is offering small lattes for 99 cents in the afternoons from 2 to 5, Monday through Friday. I expect other chains will follow suit with similar deals to draw their customers back from cheaply making their own brew.
6 Comments
Coffee in a soup bowl?
yeah it’s called a latte’ bowl.
I quit drinking coffee as it stains my teeth and gives me the jitters. I now prefer lower-ended energy drinks with caffeine levels less than 200mgs (yeah-yeah call me a wuss). Although once the egg-nog lattes come out, I’ll get about one about once a week if I have the cash.
Eggnog lattes are the best. They warm the innards well in the cold of Canadian winters. Plus they don’t have the caff levels that others do so I am okay. (Have to lay off the caff for now. Got too wound up.)
Stopped all coffee intake, Starbucks allways gave me headaches, now I’m desperate for a good alternative (Mt Dew for now) I am cheap and won’t pay the premium for the “Energy” label on these products. Anyone got any good cheap ideas?
starbucks are dropping like flies, meanwhile the coffee shop i work at is making numbers like never before. our sales are topping 20-30% more than last year’s sales.