A short round-up this week, been busy with family etc today so not had my usual time to study the business world - here are my top five though:
HBOS rights issue? - Bank likely to follow RBS lead.
China to buy RBS Insurance - Bank of China one of the suitors for the stricken banks business.
UK growth slows - Bad news, as expected, but not nice reading in any event.
Starbucks out of favour - many aspects to this, but this is the best take on it.
Baker gets fit - Top ex manager of Boots is to join Virgin Active board.
"Ping An, the giant Chinese insurer"
ReplyDeletethis conjures up splendid images
a yeti-like creature, I fancy
oh no, she is very pretty...
ReplyDeleteIt's high time people realised that Starbucks is a bloody rip off. Near my office there is a Snax (another chain) which sells coffee for half the price of neighbouring Starbucks but yet on a Monday morning there is a queue snaking out of the door of SB!
ReplyDeleteHBOS rights issue - we all saw that one coming, didn't we?
ReplyDeletewell done that man
ReplyDeleteBLUE EYES
ReplyDeleteLocation and marketing will win over price most times. Starbucks is a 'daily luxury' that people are prepared to pay for.
They do know their retail. Fantastic record on picking locations, something like 95% success rate. Most retailers couldn't boast of 75%.
Shame the downturn is so bad in the USA. No luxury retailer can survive unscathed. Luckily for Starbucks they have plenty of room to do 'one-frees' and 'before 9am ' discounts' without heavily impacting on them.
Its their rivals who should really be worried.
Starbucks is a 'daily luxury' that people are prepared to pay for
ReplyDeletevery true - i do like their frappuccino
I went into a Starbucks once, in Philly. I knew their reputation as being the white knights who rescued the USA from dire coffee (on my first visit to the US I didn't have a decent coffee once, in three months). I asked for a mocha coffee. What I got was a small pitcher of bedtime cocoa. Risible!
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