Comments on: Pinching Pennies, Counting (Coffee) Beans http://www.bloggle.com/2008/04/pinching-pennies-counting-coffee-beans/ Coffee & Commentary Wed, 20 Aug 2008 10:01:13 +0000 http://wordpress.org/?v=2.2.2 By: Shaun http://www.bloggle.com/2008/04/pinching-pennies-counting-coffee-beans/#comment-46894 Shaun Thu, 29 May 2008 16:09:08 +0000 http://www.bloggle.com/2008/04/pinching-pennies-counting-coffee-beans/#comment-46894 The article is almost spot-on; a lot of my regular latte folk switching to drip, citing rising gas prices and mortgage rates. We've been paying at least a dollar more per pound for months now and are going to raise all our prices by about 25 cents come the first of June. Traffic and volume has increased, but daily sales are hovering around the same numbers. But they're almost always back on the double shot of crack in a week. I'm feeling it in the tip jar as well... volume is the only saving grace for both sales and tips. The article is almost spot-on; a lot of my regular latte folk switching to drip, citing rising gas prices and mortgage rates. We’ve been paying at least a dollar more per pound for months now and are going to raise all our prices by about 25 cents come the first of June. Traffic and volume has increased, but daily sales are hovering around the same numbers. But they’re almost always back on the double shot of crack in a week.

I’m feeling it in the tip jar as well… volume is the only saving grace for both sales and tips.

]]> By: deCadmus http://www.bloggle.com/2008/04/pinching-pennies-counting-coffee-beans/#comment-46874 deCadmus Tue, 29 Apr 2008 17:10:37 +0000 http://www.bloggle.com/2008/04/pinching-pennies-counting-coffee-beans/#comment-46874 Thanks, Ray. I think you're angling the right direction in terms of Starbucks having their own issues these days, but I'm not yet ruling out the role of the larger economy. The latest figures on foreclosures, tumbling home prices, and the skyrocketing prices of some food staples has the potential to create a reflexive customer action -- a collective flinch -- in terms of wallet-minding in the near term. I think that's further exacerbated by the value of the dollar and its impact on coffee prices... it's going to continue to cost more for roasters and retailers to buy the same amount of coffee. I expect those prices will trickle down to the price per cup as there's just only so much that retailers can absorb. 'Course, I'm no economist. I get as far a "guns and butter" and start to get sleepy... Thanks, Ray.

I think you’re angling the right direction in terms of Starbucks having their own issues these days, but I’m not yet ruling out the role of the larger economy.

The latest figures on foreclosures, tumbling home prices, and the skyrocketing prices of some food staples has the potential to create a reflexive customer action — a collective flinch — in terms of wallet-minding in the near term. I think that’s further exacerbated by the value of the dollar and its impact on coffee prices… it’s going to continue to cost more for roasters and retailers to buy the same amount of coffee. I expect those prices will trickle down to the price per cup as there’s just only so much that retailers can absorb.

‘Course, I’m no economist. I get as far a “guns and butter” and start to get sleepy…

]]> By: Ray G http://www.bloggle.com/2008/04/pinching-pennies-counting-coffee-beans/#comment-46873 Ray G Tue, 29 Apr 2008 04:56:06 +0000 http://www.bloggle.com/2008/04/pinching-pennies-counting-coffee-beans/#comment-46873 I don't think we're so much as seeing an economic effect on coffee, as we are seeing Starbucks dealing with their own internal problems. And when Starbucks sneezes, the coffee world catches a cold. Nice site btw, I'll just stumbled across. . . I don’t think we’re so much as seeing an economic effect on coffee, as we are seeing Starbucks dealing with their own internal problems. And when Starbucks sneezes, the coffee world catches a cold.

Nice site btw, I’ll just stumbled across. . .

]]>