Thursday, Apr 24, 2008
Starbucks model cannot survive house price crash?
BBC News: Starbucks hit by housing slowdown
The demand for expensive coffee has been hit by the US housing slowdown and economic downturn.
How many other "business models" will be affected. Is there a link to Harvard MBAs?
Posted by mken @ 02:07 PM (938 views) Add Comment
17 Comments
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1. Dps said...
This suggests they have an inexpensive coffee
2. magnifico said...
This is exactly the sort of business which will be hit hard in the very short term by the slump. I expect all the Nail Painting/ Manicure shops, which have been sprouting up on the high streets, to go bust in the next two/three months.
3. Landedgentry said...
Lattes for 50p?
4. Fun 4 Now said...
very skinny latte...?
5. fun 4 now said...
very very skinny latte...
6. fun 4 now said...
oops sorry, bad spelling
7. renting2 said...
Talking about MBAs, probably be cutting back on further/higher ed too.
8. japanese uncle said...
I recall when I first visited this country, people were happily enjoying Nescafe. Sadly instant coffee manufacturers will be a good buy in the share market, although I simply would not take instant coffee as a matter of principle (instant coffee contains a lot of preservative).
9. Rental John said...
Once I build a railroad, made it run,
Made it race against time.
Once I built a railroad, now it's done.
Buddy, can you spare a dime?
Once I built a tower to the sun,
Brick and rivet and line.
Once I built a tower, now it's done.
Buddy, can you spare a dime?
10. shipbuilder said...
The amount of 'businesses' that have sprung up over the last 10 years to serve the whims of the rich and indebted is staggering - pet psychologists, interior decorators, candle shops, personal trainers etc. etc., high-end furniture, designer boutiques - it has got to the point where one could be convinced that they are almost necessary. All very good, but doomed when people start to tighten their belts.
11. jack c said...
shipbuilder - add tanning and tattoo studios to your list - in a recession non essentials get hit very hard and usually go under.
12. Kirstygee said...
Idiots - it's not just the 'whims of the rich', all these retailers are serviced by other industries, maintenance, health and safety, security, printing, etc etc and when they struggle it hits us all.
Please reserve your smugness - it's boring and predictable - the relish that appears here sometimes is quite vulgar - use the median to influence change and educate - this gets more like a tabloid everyday.
13. planning4acrash said...
I can still get a cuppa for 40p and an 80p filled beigal at Brick Lane 24/7!
14. Agentimmo said...
Shipbuilder - add those shops that sell "authentic autographed" pictures of football heros, their shirts, F1 drivers etc for £100 or more !!!!!
15. montesquieu said...
Not sure I agree about tanning and piercing/tattoos, those are the addictions of chavs rather than the latte brigade.
Could go on though - dog walking services, home car valetters, gap year organisers, homeopathists ...
Unfortunately we'll still be stuck with an army of community cohesion officers, children's play co-ordinators, xyz awareness raising communicators, ar*se - elbow guidance counsellors and the like, as heaven forbid local authorities should pay off their many freeloading passengers in a time of national belt tightening.
16. Ash4781 said...
Looks like they are getting squashed between rising commodity prices, and falling demand. Not sure if they own all their branches or frnchised but could be funny. Atleast in the UK the commercial property market isn't the healthiest so could they be left with a load of loss making coffee shops.
Did they fill their boots with debt to expand ?
17. pendulum said...
The housing slowdown is an effect of global mis-management of money supply - not the cause. Perhaps a good barometer of the elasticity of sanity.