Tuesday, April 8, 2008

"The first Starbucks recession"

Linky Dinky

"You've got a consumer that clearly is under tremendous pressure," said Howard Schultz, now 12 weeks into his second stint as Starbucks CEO, on a visit to Time yesterday afternoon. "For the first time in our history as a company, we have negative traffic this year vs. last."

People are under more pressure so they are giving up coffee?!

In India, the babus are under no pressure yet they won't give up coffee, or tea for that matter.

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