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	<title>Investing &#124; Real Estate Investing &#124; Advice &#38; Tips &#187; local live music</title>
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		<title>Starbucks tries something new: Being something besides Starbucks</title>
		<link>http://www.thelucrativeinvestor.com/starbucks-tries-something-new/</link>
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		<pubDate>Thu, 16 Jul 2009 20:29:52 +0000</pubDate>
		<dc:creator>Jeremy</dc:creator>
				<category><![CDATA[Business]]></category>
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		<category><![CDATA[15th avenue]]></category>
		<category><![CDATA[coffee and tea]]></category>
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		<category><![CDATA[starbucks]]></category>
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Starbucks said yesterday that it would be renaming one of its Seattle stores and adding alcohol and a hipster atmosphere to the store. The store will be known as 15th Avenue Coffee and Tea and will open next week. The &#8220;new&#8221; store will offer wine ...]]></description>
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<p>Starbucks said yesterday that it would be renaming one of its Seattle stores and adding alcohol and a hipster atmosphere to the store. The store will be known as 15th Avenue Coffee and Tea and will open next week. The &#8220;new&#8221; store will offer wine and beer along with the usual Starbucks coffee (and teas).</p>
<p>Once this tester store opens, the company said that it would like to open two more Seattle area stores &#8220;without&#8221; the Starbucks name where there isn&#8217;t currently a Starbucks location. Representatives for the company also said that opening similar stores in other cities isn&#8217;t out of the question if these stores are a success.</p>
<p>&#8220;It&#8217;s interesting,&#8221; said Morningstar analyst R.J. Hottovy, &#8220;especially since the Starbucks brand has been such an integral part of their success.&#8221;</p>
<p>Hottovy said he thinks the Starbucks brand still &#8220;resonates&#8221; with those who drink coffee regularly. But, he added, with the recession now in its second year, the brand may be struggling more because it is considered &#8220;premium,&#8221; and therefore expensive, by consumers.</p>
<p>Over the past few months, Starbucks hasn&#8217;t exactly been able to keep it&#8217;s sales at a steady growth rate because in the recession, customers try to cut out things that they consider unnecessary&#8230;and a $4 cup of coffee is unnecessary on many budgets. Of course, growth isn&#8217;t helped any by the advertising campaign launched by McDonald&#8217;s and its line of McCafe drinks.</p>
<p>Perhaps Starbucks is trying to reach a new type of consumer. If Starbucks is trying to reach a new customer base, it is likely trying to reach the kinds of consumers that will feel so insulted that they&#8217;ve been &#8220;tricked&#8221; by &#8220;the man&#8221; that they will never come back or bring back their hipster friends. No, I&#8217;m just kidding. It&#8217;s trying to target those consumers that enjoy local, live music.</p>
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