🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

News

Pods

Back

Aarihant Aaryan

Prev- Founder & CEO ... • 11m

The most overrated coffee Starbucks went from shutting down 600 stores in 2008 to closing 30Billion dollars in sales in 2024 From the beginning Starbucks was always a coffee bean retailer but Howard who joined the company as a director was impressed by the quality of the coffee and company's potential In 1987, Howard bought starbucks for $4Million and transformed it to become a third place concept, where they evolved from a coffee bean retailer to a cafe that served lattes, cappuccions and a community atmosphere They were launching new franchises, expanding to japan, china and other parts of the world. But there was a problem in 2006 they had their most profitable year ever, so they rapidly scaled Then the market crashed in 2008 and they saw 30% dip in profits and closed more than 600 stores Then they narrowed their focus, focused only on coffee and community: and today they are back from the dead.

2 replies14 likes

Replies (2)

Anonymous 2

Hey I am on Medial • 11m

An aspect to consider is the impact of changing consumer preferences on Starbucks' success. As more consumers become health-conscious and environmentally aware, Starbucks needs to continuously adapt its offerings to cater to these evolving demands. Failure to do so could result in a loss of market share to competitors who are more in tune with consumer needs.

0 replies1 like

Anonymous 1

Hey I am on Medial • 11m

While Starbucks has undoubtedly made a successful comeback, it is essential to consider the role of market saturation in their initial downfall. Rapid expansion led to an oversaturation of stores, which diluted the brand's exclusivity and contributed to the decline in profits. Starbucksor any coffee chain should be cautious not to repeat these mistakes in the future.

0 replies

Recommendations from Medial

Rahul Das

Product and analytic... • 10m

Many coffee shops with great coffee didn't succeed like Starbucks. The reason? "It was never about coffee." Howard Schultz transformed Starbucks into a multi-billion dollar empire, inspired by Italian coffee shops' customer experience. After buying

0 replies7 likes

Jaswanth Jegan

Founder-Hexpertify.c... • 9m

“How Starbucks CEO saved the company ” Bankruptcy To Billions #8 Starbucks was founded by Jerry Baldwin, Zev Siegl, and Gordon Bowker, initially selling high-quality coffee beans.In 1987 Schultz purchased Starbucks and expanded agressively in USA.

6 replies13 likes

Raj Bahadur

Master • 2m

A Company is at its strongest when it stands shoulder to shoulder with its employees ~ howard schultz- Former CEO starbucks

0 replies3 likes

Payal Manghnani

#uiux designer #free... • 4m

Success Story: Starbucks’ Rise to Global Fame How did Starbucks go from a small coffee shop to a global brand? 1️⃣ Challenge: Competing in a market where coffee was seen as just a quick drink. 2️⃣ Solution: Starbucks transformed coffee into an ex

0 replies2 likes

LIKHITH

On ne sait Jamais ! • 10m

"MISTAKE THAT MADE STARBUCKS MILLIONS" How ? Read this out Welcome to OUT OF THE BOX MARKETING! EP-10 (Starbucks) In Starbucks, it is a standard practice to write the customer's name on the cup of coffee. In 2014,A guy ordered a coffee and t

19 replies15 likes

gray man

I'm just a normal gu... • 1m

Nestle is considering introducing Starbucks' ready-to-drink coffee products in India's retail market.

3 replies23 likes

Anonymous

Hey I am on Medial • 7m

Why Startbucks CEO is not Indian ? Tata doesn't have shares in Starbucks. Now look at the picture below In the picture you can see it's written “Starbucks Coffee A TATA Alliance. This is because in India Starbucks operates as a joint venture known

1 replies5 likes

Sanskar

Keen Learner & Explo... • 9m

Blue Tokai Coffee Roasters is an Indian specialty coffee company that was founded in 2013 by Matt Chitharanjan and his wife Namrata Asthana after they struggling to find quality coffee, they realized that the cafes were using inferior coffee beans an

4 replies13 likes

Ronak Patel

Here you go! • 8m

Do you think starbucks is expensive? No, they provide free wi-fi, free table for you to work, and suitable environment for you BUT as a result they charge you expensive coffee.

34 replies31 likes

Havish Gupta

Figuring Out • 1m

How Third Wave Coffee Became India’s Leading Coffee Chain Despite India being among the top 10 producers of coffee, most of the coffee was exported instead of being consumed in India. This fact bothered Sushant Goel, Ayush Bathwal, and Anirudh Shar