Schulz on SBUX drinking...itself.


	Schulz on SBUX drinking...itself.

Matt Kirdahy

1-18-2008 1:37 PM

632 views

Matt Kirdahy says:

Market saturation? According to the Starbucks location search feature on the company site, there are 60 Starbucks on Manhattan, about a 23-square-mile area. Even still, they're all packed.

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1-18-2008 5:28 PM

ericskiff

There are two on our block alone here at ClipmarksHQ. I've been to both, and I rarely feed by SBUX habit anymore, since I realzied that a frappuchino was almost as bad for me as a Big Mac.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/0fe3fe4c-506c-4e9d-94c3-1b90b912ad27/5A3E1F04-A803-4031-8561-B5F4B1859513/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://money.cnn.com/2008/01/17/news/newsmakers/starbucks.fortune/?postversion=2008011805" href="http://money.cnn.com/2008/01/17/news/newsmakers/starbucks.fortune/?postversion=2008011805" style="font-size: 11px;">money.cnn.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://money.cnn.com/2008/01/17/news/newsmakers/starbucks.fortune/?postversion=2008011805"><P>A: This is another area that needs to be better explained. We do not believe the market is close to saturation. Over the past 15 years our new stores on average cannibalized 30 percent of an existing store nearby, and yet we had same store sales growth of 5 percent or better over 13 of those years, with 20 quarters of consecutive comps.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://money.cnn.com/2008/01/17/news/newsmakers/starbucks.fortune/?postversion=2008011805"><P>We think we know real estate and store locations. By the way, the pundits said we were saturated in Seattle in 1992. Since then we have opened 340 stores in the state of Washington.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/5A3E1F04-A803-4031-8561-B5F4B1859513/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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