Starbucks feels like the Blockbuster of the quick-stimulation market. Once there were no alternatives, now there are loads, often cheaper and better. Without constant customer flow, it’s suddenly just vast amounts of premium real estate that need paying for. And unlike smaller competitors, it doesn’t have much room to pivot. Watching how that unwinds will be interesting.
Starbucks feels like the Blockbuster of the quick-stimulation market. Once there were no alternatives, now there are loads, often cheaper and better. Without constant customer flow, it’s suddenly just vast amounts of premium real estate that need paying for. And unlike smaller competitors, it doesn’t have much room to pivot. Watching how that unwinds will be interesting.
In my area the local shops are completely destroying Starbucks. This morning I went to 8