Comment on A growing number of young chinese people are avoiding Starbucks Coffee. US executives are furious.
hark@lemmy.world 2 weeks ago
Billionaire Howard Schultz, Starbucks’s former CEO, insisted that Starbucks would not enter a price war in China. He claimed “as chinese customers become more knowledgeable about coffee, they will want to upgrade from lower-end or discounted products”
They got more knowledgeable about coffee which is precisely why they’re choosing places other than starbucks.
NotJohnSmith@feddit.uk 2 weeks ago
I know right? The absolute balls on the guy - anyone that’s had a Starbucks knows that it’s that shit that you move on from. It’s not far removed from a McDonald’s milk shake.
I’m hoping here (UK) and certainly continental Europe we see similar decline in their revenue, and other US companies that forget to pay tax
kameecoding@lemmy.world 2 weeks ago
As someone who doesn’t like coffee, I like starbucks specifically because it’s basically coffee flavored milkshake.
But I also go like once or twice a year when I am on a trip so I am not exactly helping their bottom line.