Archive for News
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.
Green Mountain Roasters appears to be growing. The roaster out of New England bought up Tully’s out of Seattle. At least, it bought the wholesale arm of things, as well as the brand. The roasting facility is to be leased, and the brand will stay as Tully’s. I have not frequented a Tully’s, but see in the Seattle Times article that they are scattered all over the US and Japan. The article simply points out that there is a sale going on for bookoo dollars and that everyone of its 70 employees will remain employed. From my seat here in the mountains of Colorado, I am baffled over the corporate model and how a company can grow to the size of being worth $40.3 million.