Safeway sees hope in improved latte sales
When the recession started, shoppers shifted from lattes to regular coffee, and they started buying less expensive wine. Now premium wines are on the upswing, he said, and "it's early, but we're seeing a trend back to lattes." To Burd, whose company just posted another quarterly profit drop , the shift...
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- News Source: Seattle Times | about 1 month agoMelissa Allison tracks Seattle's — and the world's — caffeine addiction. October 16, 2009 at 12:16 PM Did Starbucks traffic fall because it lost cachet? Or was it just early to the recession? Following a deluge of books about Starbucks , a new...
- News Source: Los Angeles Times | about 1 month agoWatch the coffee index, says Steven Burd, chief executive of Safeway Inc., the Pleasanton, Calif., supermarket company that owns Vons here in Southern California. Speaking to investors about Safeway's third-quarter profit, Burd said shoppers were...
- News Source: Seattle Times | about 1 month agoWhen the recession started, shoppers shifted from lattes to regular coffee, and they started buying less expensive wine. Now premium wines are on the upswing, he said, and "it's early, but we're seeing a trend back to lattes." To Burd, whose company...
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- Blog Source: www.washingtonexaminer.comThe second area of trade-up that we've seen when we went into the recession, we saw a change in the mix of lattes versus coffee, and now we've seen — it's early but we're seeing — a trend back to lattes. ...
- Blog Source: nag-net.comBanner. Coffee Sales Give Clues About Economy. This is my site Written by CSD Editor on October 16, 2009 – 1:00 pm. Safeway CEO notes sales of lattes dropped when the economy tanked, but now are reviving. Posted in ...
- Blog Source: www.laobserved.comThe latest comes from Steven Burd, CEO of Safeway (parents of Vons) who told investors that shoppers are switching from coffee to lattes, and from rotgut wines to the pricier stuff. From the LAT: Taken together, the two examples of ...
- Blog Source: www.washingtonexaminer.comSafeway Inc. said Thursday that falling prices and frugal shoppers drove its third-quarter profit down 35 percent. ... He also noted that while shoppers remain focused on low prices and keep spending tight, they are showing some early signs of
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