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The Long Slow Decline of Starbucks

lindynewsletter.beehiiv.com · 786 words · saved by 1 readers

Sometime because a competitor comes along and puts them into bankruptcy like what Netflix did with Blockbuster Other times, it stays alive but transforms into something else. Something much worse. Like the case of Subway. Remember Subway? Early 2000s, it was the healthy, tasty option. Fresh-baked bread in-house. Good prices. Then it tanked. Quality dropped. Stores popped up like weeds. The vibe inside? Horrible. Hard to imagine for a lot of people, but 20 years ago a Starbucks was an amazing place to hang out. People were social, they had real coffee, maybe even real cups, and it was so comfortable to sit down and spend time. You could work there and it was perfect. We’re watching the slow transformation of a business. It will most likely always be around, like Subway, but it will be something else. This week Starbucks stock plummeted over 15% in one day. In its North American and US operations, a 3% decline was reported in same-store sales, with a foot traffic decrease observed at 7%

The Long Slow Decline of Starbucks 0 The Lindy Newsletter Posts The Long Slow Decline of Starbucks The Long Slow Decline of Starbucks Paul Skallas May 03, 2024 How do businesses decline? Sometime because a competitor comes along and puts them into bankruptcy like what Netflix did with Blockbuster Other times, it stays alive but transforms into something else. Something much worse. Like the case of Subway. Remember Subway? Early 2000s, it was the healthy, tasty option. Fresh-baked bread in-house. Good prices. Then it tanked. Quality dropped. Stores popped up like weeds. The vibe inside? Horribl

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