Earlier quoted context omitted.
The locally owned coffee shop is optimizing profits too, just going after a smaller, more niche demographic. Inversely, if everyone wanted cozy shops, that is exactly what Starbucks would build.
Everyone may be wanting cozy shops, large apartments, free ice cream, and a pony. Cozy shops bring in much less profit per $ invested. They cannot seriously compete with kiosks, when the majority of customers just want some competently brewed joe on the way to work (or even half-competently, since we mention Starbucks). Maybe a bagel with it. Next customer! A cozy shop with seating for customers who want to sit there…
Third Places and Neighborhood Entrepreneurship: Evidence from Starbucks Cafés
31–40 of 164 posts
Re: Third Places and Neighborhood Entrepreneurship: Evidence from Starbucks Cafés
#32Unfortunately, Starbucks is opening “kiosk only” locations with no seating that, obviously, fail to function as a third place. My partner finished up a medical appointment and was waiting for me to arrive, and decided to stop in Starbucks. Oops, just a kiosk. The options left for a “third place” was a petrol station that had seating and a grocery store. Somehow I don’t think petrol station seating areas will promotin…
At this point, I feel like that kind of thing is an obvious consequence of, among other issues, most of the US going straight to "we've tried nothing and we're all out of ideas" when it comes to mental health issues and the homeless.
Re: Third Places and Neighborhood Entrepreneurship: Evidence from Starbucks Cafés
#33Earlier quoted context omitted.
It seems like everyone's experience is highly localised. Even within 3km of my place I have 4 starbucks. 1 is amazing, 2 are not great, and 1 is the takeaway variant. Which one is the true measure of "Starbucks"? It's the same for local cafes too. Also what's with the "they just want to make a profit" argument going round here? Why wouldn't they? They literally have a legal duty to do so. Should we instead incentivis…
Sounds like they need to split up the brand. Customers need to have a consistent experience across locations
“Starbucks Deluxe” for the golfers and yacht owners.
“Starbucks Influencer,” with pink cups and led rings at every table.
“Starbucks Classic” for the retired and confused.
And of course, “Starbucks Homeless” to capture the downtown vibe.
Re: Third Places and Neighborhood Entrepreneurship: Evidence from Starbucks Cafés
#34What I don't see in these conversations is how much increasing property prices contribute to killing third places. People get excited because they bought a house for $200k and it's notionally worth $800k now. In reality they haven't gained anything because every house is $800k and you still need somewhere to live so you still only own one housing unit of wealth. Worse, people actively lobby for policies that increase…
Re: Third Places and Neighborhood Entrepreneurship: Evidence from Starbucks Cafés
#35What I don't see in these conversations is how much increasing property prices contribute to killing third places. People get excited because they bought a house for $200k and it's notionally worth $800k now. In reality they haven't gained anything because every house is $800k and you still need somewhere to live so you still only own one housing unit of wealth. Worse, people actively lobby for policies that increase…
That $200k purchaser is sitting on $760k in equity and paying 1/4th in housing that their peers are, which is its own form of wealth.
Re: Third Places and Neighborhood Entrepreneurship: Evidence from Starbucks Cafés
#36Re: Third Places and Neighborhood Entrepreneurship: Evidence from Starbucks Cafés
#37Earlier quoted context omitted.
It seems like everyone's experience is highly localised. Even within 3km of my place I have 4 starbucks. 1 is amazing, 2 are not great, and 1 is the takeaway variant. Which one is the true measure of "Starbucks"? It's the same for local cafes too. Also what's with the "they just want to make a profit" argument going round here? Why wouldn't they? They literally have a legal duty to do so. Should we instead incentivis…
Sounds like they need to split up the brand. Customers need to have a consistent experience across locations
im not usually one to defend a company, and i dont know what's best for starbucks the company and brand. but what i see isn't necessarily or obviously bad
Re: Third Places and Neighborhood Entrepreneurship: Evidence from Starbucks Cafés
#38Re: Third Places and Neighborhood Entrepreneurship: Evidence from Starbucks Cafés
#39Earlier quoted context omitted.
Sounds like they need to split up the brand. Customers need to have a consistent experience across locations
Let’s segment this market! “Starbucks Deluxe” for the golfers and yacht owners. “Starbucks Influencer,” with pink cups and led rings at every table. “Starbucks Classic” for the retired and confused. And of course, “Starbucks Homeless” to capture the downtown vibe.
Re: Third Places and Neighborhood Entrepreneurship: Evidence from Starbucks Cafés
#40What I don't see in these conversations is how much increasing property prices contribute to killing third places. People get excited because they bought a house for $200k and it's notionally worth $800k now. In reality they haven't gained anything because every house is $800k and you still need somewhere to live so you still only own one housing unit of wealth. Worse, people actively lobby for policies that increase…
They can borrow money against the extra value of their house. They don't need to move out. That's what everybody in the landed gentry has been doing for the past two decades.