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Podcast: The Real Estate Espresso Podcast
Episode: Starbucks' Mistake Is Your Opportunity
Description: On today’s show we are talking about a service business that used to be on top of its segment in the market.Â
The company we’re talking about is Starbucks.
So it’s no surprise to me that today Starbucks CEO Brian Niccol announced a major drop in both earnings and revenue. They also suspended financial guidance for the upcoming quarters.Â
Once a brand loses loyalty to the brand, it’s hard to get it back. Same store sales are down 6%. Attempts to win back customers with various promotions have failed.Â
Starbucks...