0

Starbucks Shelves Plans To Close Some Of Its Cafes

10 September 2009 in News

Starbucks is throwing out plans to close 30 of its cafes. The closures were to have been part of a broader initiative to pare down costs and meet a more realistic growth model for the company, as recession-strapped customers have been giving up their venti cappuccinos for cheaper substitutes.

However, yesterday at the Goldman Sachs retail conference in New York, Starbucks suggested that sales are rebounding, saying some stores have shown a turnaround in their performance, and are now ‘brewing’ significant profits. In response to this news, Starbucks rallied in stock market trading yesterday, adding 4.6% to close at US$20.09.

Tags: ,

0

Kenyan Coffee Supplies Decline – Prices Rise

1 September 2009 in News

The Nairobi Coffee Exchange has reported that Kenya’s average coffee price rose 4.4% at an auction earlier today, after supplies of the beans declined amid strong demand.

$178.17 was the average price for a 50-kilogram (110-pound) bag, up from $170.58 on August 26. The top AA grade fell 1.3% to an average of $210.50 a bag (from $213.28 last week), after the quality of the grade declined. Supplies of the grade fell 51.8% to 597 bags.

Prices have reportedly edged higher because the supply is tight, and speculation is rife that there is little coffee available in the country. A drought has affected the size and volume of available beans.

Have you ever tried Kenyan coffee?

Tags: , ,

0

Our Restaurant Equipment & Supplies Source

27 August 2009 in General

We often get asked the question, “where do you get your restaurant equipment and supplies?” The simple answer is that we use Wasserstrom restaurant supplies. Headquartered in Columbus, Ohio, they are the world’s leading restaurant supplier and distributor of food service equipment and supplies. We like them because of the wide range of products that they offer (everything and anything related to restaurant equipment and supplies), and because they are quite efficient with our orders and have fulfilled most of our previous orders within two business days.

Your restaurant supply needs will likely be best filled by a company that caters to the specific needs of every customer, regardless of size, and for us as a single independent coffee house / restaurant, we’ve found that they’ll work diligently to provide us with the products and supplies that we need. If you want to try them out, be sure to check out their customized catalogs, excellent management reports, and 24/7 Internet ordering at wasserstrom.com. Check ‘em out!

Tags: , ,

  • Reine Isham:
    I was traveling thru Vermont on vacation and stopp...

Coffee & Food Resources