For Millennials, Cereal Requires Too Much Work
Few things are as painless to prepare as cereal. Making it requires little more than pouring something (a cereal of your choice) into a bowl and then pouring something else (a milk of your choice) into the same bowl. Eating it requires little more than a spoon and your mouth. The food, which Americans still buy $10 billion of annually, has thrived over the decades, at least in part, because of this very quality: Its convenience. And...
Single-Cup Coffee Trend May Be Over
America’s favorite coffee trend is finally coming to an end Several years ago, coffee pods seemed invincible. Sales of the single-serve cups were skyrocketing, more than tripling in the United States between 2011 and 2013 alone. Sales of coffee pod machines, meanwhile, were soaring too, growing from 1.8 million units to 11.6 million between 2008 and 2013, according to data from market research firm Euromonitor. Today, however, things...
Starbucks Reports Holiday Growth
Retailer after retailer has announced in recent weeks that they saw tepid or downright disappointing sales during the crucial holiday season. And then came Starbucks, dropping a blockbuster earnings report on Thursday that stands out as a clear bright spot in retail. The coffee giant reported that revenue soared 12 percent to a record $5.4 billion. Sales at its U.S. restaurants open more than a year were up 9 percent, and nearly half...
Krispy Kreme Pushes Into Starbucks’ Turf With Focus on Coffee
Krispy Kreme Doughnuts Inc., facing slower sales growth and more demanding customers, is pushing deeper into Starbucks Corp.’s territory. The company is doing more to promote its coffee, which for years was an afterthought at the doughnut chain. At a test location in Clemmons, N.C., workers are grinding beans and using a manual espresso machine to make lattes and cappuccinos. They’re even referring to themselves as baristas, and...
Keurig to Be Sold to Global Coffee Empire
A private equity firm will acquire Keurig Green Mountain in a $13.9 billion deal. The Vermont-headquartered company, which specializes in single-serve coffee machines, announced the deal Monday with an investor group headed by JAB Holding Co. Luxembourg-based JAB already is involved in several major coffee and beverage companies. The private firm holds the controlling stakes in Jacobs Douwe Egberts, Peet’s Coffee & Tea and...
