The Booming Business of Coffee and Tea

The Booming Business of Coffee and Tea

On this Special Podcast recorded at Foodable.io, brought to you by Kabbage, we get to discuss the massive growth and new innovation in the beverage scene. In this episode, Host Yareli Quintana leads the discussion about the creative process of developing an artisan beverage, the nuances of sourcing, and personalizing experiences to gain customer loyalty.

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Starbucks Sells Tazo But Wants To Continue Investing in Tea Business

Starbucks Sells Tazo But Wants To Continue Investing in Tea Business

Looks like Starbucks will only have one tea brand to worry about now.

On Thursday, the coffee giant announced that it is selling the Tazo brand to Unilever for $384 million.

The transaction will include all Tazo recipes, intellectual property and inventory.

Starbucks had purchased the then five-year-old tea brand in 1999 for $8.1 million. That’s a significant boost of income for America’s coffee darling.

This leaves Teavana as the only tea brand Starbucks will manage.

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Starbucks Reserve Makes a Big Impact on Local Coffee Communities

Starbucks Reserve Makes a Big Impact on Local Coffee Communities

By Adria Valdes Greenhauff, Editor-at-Large

From its signature espresso to the seasonal obsession that is a Pumpkin Spice Latte, Starbucks certainly knows the way to a coffee lover's heart. With 24,000 locations worldwide, the chances of finding a Starbucks just in time to satisfy your need for a morning brew is, well, pretty good, no matter where you are. 

But as we’ve seen in other industries like craft beer, hipsters are foregoing their daily run-of-the-mill for stuff that’s custom roasted, single sourced, and overall high in quality.

“You don’t just ask the server if the roast is dark or medium. You ask, ‘What farm did it come from?’” says Sumner Ohye, owner of the Curb, a tiny coffee shop  in Kaimuki, Hawaii.

They’re calling it the “third wave” of coffee and it’s the trend that’s responsible for the ever-growing number of local, independent coffee shops popping over all over the country and putting Starbucks into the category of, dare we say, basic. Couple that with chains like McDonald’s and Dunkin’ Donuts stepping up their own coffee game, and Starbucks is suddenly searching for a different way to make themselves stand out

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Starbucks' Flat White and New Bakery Goods Result in Higher Quarterly Average

Starbucks

Starbucks' last fiscal quarter resulted in larger than average earnings for the coffee brand and executives believe they have identified the cause.  With the chain's newly introduced flat white coffee beverages alongside a number of revamped bakery goods, Starbucks saw sales jump a whopping 7% throughout stores nationwide.  As these newly introduced items come at a higher pricepoint for consumers, the chain has identified their overall sales boost as a result of a higher level of consumer spending per visit.

In addition to the introduction of higher priced menu items, Starbucks has also identified additional reasons for financial growth related to the chain's expansion into afternoons and evenings, alongside its introduction of of alcohol sales into many of the chain's cafes.  Read More

Caffeinated in Seattle: The Five Coffee Houses Consumers Can't Get Enough Of

Caffeinated in Seattle: The Five Coffee Houses Consumers Can't Get Enough Of

By L.M. Archer, Foodable Contributor

Seattleites love their coffee houses. Next to fleece, coffee proves the coziest way to cope with Seattle’s infamous drizzle. These fabulous five coffee houses brew up more than just comfort, caffeine and free wi-fi to loyal locals - they serve up community, each as unique as their respective neighborhoods.

 1. Urban Coffee Lounge | Kirkland, WA

  “A love of design and a passion for great coffee.”

A modern-industrial mix of hip and homey, Urban Coffee Lounge offers refuge from the rain, as well as a place to refuel after yoga, or a walk around nearby Juanita Park. Architect Jeff Miner and entrepreneur wife Alicia designed both of their Kirkland coffee houses to include plenty of natural lighting, lounging space for families and office-on-the-fly folks, plus ample outdoor seating for dog-lovers.

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