What Happened To Starbucks? You Tell Me!
Wednesday, July 23rd, 2008
When you travel around, you see them all over the place. They are on every street corner, in lots of hotels and even in airports.
They were growing fast. Real fast. Maybe some would say it was at light speed. Recently Starbucks announced they were closing over 600 stores and their growth over the next few years will be slowing down considerably.
For those of you who don’t know, I don’t drink coffee. I will have an occasional cappuccino after a nice meal but I am not a regular coffee drinker. I do go to Starbucks, but mostly as a meeting spot or for a marshmallow Rice Krispie treat. Ok I have a sweettooth and love them. Each and every time I went to Starbucks there was a line–usually a big line and it never mattered what time it was. I for one was very surprised that Starbucks decided to close over 600 stores.
The question is what happened to Starbucks?
- Did they grow too fast?
- Are their prices too high?
- Is the economy hurting their business?
- Do people all of sudden not like Starbucks?
- Is their marketing missing the boat?
- Is their competition making all the right moves?
What do you think?
I really look forward to having your share your comments!

I have probably made every mistake you could imagine with regard to this topic.
Last week I was at a promotions conference In Las Vegas. Having never been to the conference I was looking forward to the speakers, networking and of course the gifts that you receive at a conference. This conference didn’t have an exhibit hall so most of the gifts or "chotchke" were in the conference bag that I received when I checked in.
We all know that the airline industry has tremendous challenges. With the rising fuel costs issue (anyone see an end in sight?) being dealt with every day, airlines are looking for additional revenue streams to stay afloat.
As you read this posting, the first quarter of 2008 is in the record books! Whatever you did or didn’t accomplish is over! You can’t get that time back! Here are nine questions that are going through my mind:
During the course of a month, I get plenty of sales calls. Frankly, I wish I had $1.00 for each one I receive. I think I could have retired five times already! I do meet with a number of salespeople during the course of the week and I still am amazed at some of the basic mistakes that salespeople make. Here are a quick five (in no particular order) that come to mind:
I tend to spend a lot of time thinking about M/A/R/C Research and ways to move the company forward. I do a lot of my best thinking while I am driving–just looking around and having my mind wander in lots of different directions.
I tend to be a creature of habit. I start my day around 6:00 AM, workout about five times a week, try to eat lunch around 11:30 AM and usually interview three to four people every week. My strategy is and has always been you never know when you will need to add staff and if you come across someone who is amazing, a superstar, and be successful within your system, you can always find a spot for them.
Yes, I am a planner. Yes, some of my friends call me Julie McCoy (Cruise Director from the TV show the Love Boat). My friends tend to look to me for: What should we do tonight? What are we going to do when we are on vacation? What show should we see?
Okay, I will admit it. There are some things that I buy that I will bargain shop. No, I won’t drive all over town, but I tend to buy a lot of DVDs and will go to Target, Circuit City or Best Buy depending on price. Like I said I won’t drive 20 miles to do this, but all of those stores are within two miles of where I live so it isn’t a big deal. I am sure a number of people (if not most) go through the newspaper every Sunday looking for deals or items on sale that they either need or are too good to pass up. In essence they love a discount, yes love a discount. The reality is where does it stop? Does everything we do or buy need to have a discount? Yes I will buy some things based on sale items like paper towels, mulch for our yard and bottled water for sure. Clearly I view those items as a commodity. But where does it stop?