ElPugDiablo
New member
Re: Will other shops raise prices like Starbucks next month?
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ericesquire said:ElPugDiablo said:SactoMike said:I read an article about Starbucks raising prices on October 3rd. 5 cent increase which means an additional 1.8 % for a cup of coffee. Do other chains/stores plan on doing the same thing?
It's funny just before their announcement I was thinking of increasing our prices by about 5% to 7% simply because the increases in COGS. Our prices are already more than Starbucks, so our customers are not coming to us because we are "more reasonable".
Wow...prices higher than Fourbucks...that's steep - must be a good cup of coffee.
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