Coffee chains under pressure. Recent bankruptcies among coffee chains highlight challenges like high coffee prices, adverse weather, and costly tariffs. “Starbucks is in the midst of a restructuring plan that involves closing underperforming stores and cutting staff.” ~ learn more
They’re huge global consumer brand with low AOV and high frequency. They’ve already gamified their loyalty/rewards program to great success. The blockchain-enabled plan to extend their program seems excellent. The only thing is, the fundamental benefits of blockchain don’t apply […]
This statistic was a strong opener to the article. “We’re filling our lives with so much junk that the U.S. now has more self-storage facilities than McDonald’s, Wendy’s, Burger Kings, Starbucks and Walmarts combined. That’s around 50,000 storage complexes.” | learn more
The Chinese coffee startup (founded 2017) was a high-flyer until April 2020 when it came out they had fabricated sales figures. I stopped paying attention then, but China really wants a domestic alternative to Starbucks. | learn more
“Monthly visits to Starbucks dropped 6.8% compared with other nearby coffee shops after the open-bathroom policy was put in place in May 2018, according to a joint study released Tuesday by academics from the business schools at the University of […]
I’ve had a few conversations lately with people who gloss over the reality that cryptocurrency transactions are each taxable events in the eyes of the IRS. This isn’t necessarily a permanent state, but it is the situation we’re in today […]
Discovered via the Menu hacking article, this is, “A how-to guide to order secret items at places like Jamba Juice, Starbucks, Mcdonalds & Chipotle.” | learn more