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Friday, May 10, 2024

The Recession just hit Starbucks. CEO Warns: "Consumer has stopped spending"

 https://youtu.be/IXjgY845bmA?si=5kbn4wTa7FJtOR3L

*I have observed that Starbucks locations (I do not know if they are corporate locations but...) they keep renovating their stores at least every 1-2 years. Maybe for the tax write-off benefits...? This should be investigated in the line items to see if it is a major part of the expense problem; or, is part of normal business due to coffee being a high consumer turnover usage product. 

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