Alibaba reports that people are spending less at the cafes. We touched on this earlier this year talking about the closure of 600 Starbucks. Add to it the credit crunch and global economic crisis, and it all makes a lot of sense. There is an increase in the sales of coffee brewers and associated gadgets. I’ve seen espresso machines, frothers, ibricks and other equipment showing up in friends’ homes. No worries because they still know where to buy great coffee, just one that’s brewed at home.
