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Bellingham

 

I like Avellino downtown. Great Fair Trade coffee and they make wonderful muffins, gluten-free muffins, and this amazing drink called a lemon ginger blast. They also have fresh squeezed orange juice. So they have really good coffee and yummy treats to go along with it! My boyfriend likes the Black Drop as well. I have yet to try it.

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Sequim

 

When you're driving by Sequim on your way to some ONP alpine adventure, stop by "The Buzz" just a block north of the Sequim Ave. exit.

 

La Vita coffee, funky music, fresh goodies, red walls, and a creaky wooden floor.

 

Oh, and there's a quote painted on the back wall:

"It takes millions of flowers to make a prairie, and one bee."

 

Coffee AND inspiration. Now isn't that nice. :cool:

 

 

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Starbucks Earnings Sink 21%

 

Starbucks, faced with a sharp drop-off in customers, reported on Wednesday that earnings declined 21 percent during the second quarter.

 

Starbucks reported that net income declined to $108.7 million, or 15 cents a share, from $150.8 million, or 19 cents a share, in the year-ago quarter. The company said revenue rose 12 percent, to $2.5 billion.

 

The report came just a week after Starbucks, the world’s largest coffee chain, warned of lower-than-expected earnings and cut its full-year forecast, citing a decline in quarterly sales and describing the economic environment as the weakest in the company’s history. Wall Street analysts had forecast 19 cents a share for the quarter.

 

“Fiscal 2008 is a transitional year for Starbucks and, while our financial results are clearly being impacted by reduced frequency to our U.S. stores, we believe that as we continue to execute on the initiatives generated by our transformation agenda, we will reinvigorate the Starbucks Experience for our customers,” Howard Schultz, who is chairman, president and chief executive, said in a statement.

 

Mr. Schultz returned as chief executive in January in hopes of turning the company around, replacing James Donald.

 

Shares of Starbucks closed up 3 cents, at $16.23, before the report was issued.

 

Mr. Schultz said the results were heavily influenced by the company’s American business, which accounted for 77 percent of total net revenue.

 

Starbucks, which had 125 stores when it went public in 1992, now has 15,000 stores in 44 countries. But the company has struggled to maintain its differentiation in the face of growing competition. Most recently, Starbuck’s has suffered the effects of the crisis in the housing market, which has put a pinch on sales, particularly in California and Florida. Mr. Schultz said that customers were simply not visiting Starbucks stores at the rate they once did.

 

Mr. Schultz is expected to lay out a turnaround plan in a conference call with financial analysts late Wednesday. Among the many changes Mr. Schultz is expected to unveil in coming months, in addition to cutting costs, is the addition of a line of fruit smoothie drinks, the start of a broad effort to offer healthier drinks and expand beyond coffee beverages.

 

http://www.nytimes.com/2008/05/01/business/01starbucks-web.html

 

 

HEY I WONDER IF MAYBE THEY BUILT TOO MANY STORES???

 

:grlaf:

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Starbucks, which had 125 stores when it went public in 1992, now has 15,000 stores in 44 countries. But the company has struggled to maintain its differentiation in the face of growing competition.

 

a turnaround plan in a conference call with financial analysts late Wednesday. Among the many changes Mr. Schultz is expected to unveil in coming months, in addition to cutting costs, is the addition of a line of fruit smoothie drinks, the start of a broad effort to offer healthier drinks and expand beyond coffee beverages.

 

 

 

Do these seem to contradict each other? Or is some smart analyst saying "Hey, coffee places don't sell thick, high-calorie drinks so that will make us special again"?

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