ASIA PRINTING: Starbucks is testing $1 coffee and free refills <asia-printing></asia-printing>


Thursday, January 24, 2008

Starbucks is testing $1 coffee and free refills

Finally after a few years I only can breakfast and get free refills coffee at McDonald's... , But now...surprise me if I also can do the same thing at Starbucks. The famous place for people who want buy some expensive coffee, ha...ha...ha... , great that's can make me more enjoy my coffee at Starbucks with more comfortable feeling about my pocket, ha...ha...ha...
LOS ANGELES (Reuters) - Starbucks Corp is testing $1 coffee and free refills in its Seattle outlets as the global gourmet coffee chain grapples with slower consumer spending and rising competition from fast-food rivals. Company shares were up at midday on the Nasdaq, rising 2.3 percent, or 43 cents, to $19.11.
Starbucks is experimenting with a smaller, "short" $1 cup as well as free refills for brewed coffee. Starbucks charges around $1.50 to $4.00 for a coffee, depending on size and flavor.
In a statement, Starbucks said, "This test is not indicative of any new business strategy."
The company said testing is part of its ongoing business and that the company will not comment on specifics of its test campaigns until a final decision is made.
Shares in Starbucks have lost around half their value over the past year amid worries about U.S. consumer spending, over-expansion and competition from fast-food rivals such as McDonald's Corp that offer specialty coffees.
Regular coffee prices at both McDonald's and Dunkin' Donuts, a unit of Dunkin' Brands Inc., start in the low $1 range.
Starbucks announced a management reshuffle earlier this year, bringing Howard Schultz back into the chief executive position. It also said it would close underperforming U.S. outlets and speed up international growth.
Starbucks has around 15,000 stores around the world including over 10,000 in the United States. (record by : )

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