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StockCentral :: Community
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Join in on the discussion with other like-minded investors in our community forums. Learn about the fundamental investing methodology and participate in educational workshops in the Investing forums, stay up-to-date on StockCentral news and make suggestions to the StockCentral team in Central Square, and discuss your favorite stock or recent market news in our A-Z ticker-based forums.
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 Per Ostman Boston, MA
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| 11/21/2006 10:09 AM |
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Interesting write-up on SBUX about the sheer power of the brand, and branching out beyond cups of joe.
NYT.com (free reg required)
An excerpt, emphasis mine:
...Sounding a bit caffeinated himself, Mr. Schultz explained, “With the assets Starbucks has in terms of number of stores, and the trust we have with the brand, and the profile of our customers, we’re in a unique position to partner with creators of unique content to create an entertainment platform and an audience that’s unparalleled.”
The heart of that audience is a group the company refers to as its “core customers” — educated, with an average age of 42 and an average income of $90,000. About 15 years ago, Mr. Schultz said, Starbucks began “to observe the fracturing of the retail music industry and the consumer experience becoming something that our core customers were no longer enjoying.” So they started selling CD’s of the music they’d already been playing in the stores.
It still works. “If I hear a CD they’re playing, I generally like it,” Bette Gottfried, back in the Ardsley store, said. “It’s who I am — baby boomer, upper middle class, a little hippyish, rockish. ...”
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ICLUBcentral Inc. invest well. |
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Lynn Brown
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| 11/27/2006 1:48 PM |
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My son-in-law worked at Starbucks in Colorado for a while and he said they sold CDs every day. Surprized me. I own Starbucks and so does my club. Both made lots of money on it. From all the information I have read about the company over the years, I think they are one of the most environmentally sensitive companies around. They also treat employees really good - from providing part timers benefits to giving them all company communications in the best graphic format possible. Very creative and they think employees are worth more than a xerox copy of a memo.
From customer point of view, every Starbucks in my town (4) is jammed with people no matter what time of day I go in there. Which could be once or twice a day. Talk about addicted. |
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