More consumers are adding coffee to their morning regime
Technomic’s Market Intelligence Report for Coffee & Tea shows that more people are sipping on the good ol’ cup of joe.
60% of consumers are now drinking coffee on a daily basis
https://paigepapers.com/2011/08/17/coffeeseesmorningincrease/
JM Smuckers sets a new price point for coffee
JM Smuckers is cutting coffee prices
JM Smuckers, which provides coffee for Dunkin’Donuts and Folgers, will be cutting prices to squeeze in on competitors
https://paigepapers.com/2011/08/17/jmsmuckerscutscoffeeprice/
Starbucks goes international with ready-to-go coffee line
Starbucks Coffee expands Starbuck VIA Ready Brew line to the Asia Pacific
Starbucks is planning to key in on the “on-the-go” professional by expanding the ready-brew single self-serve line
https://paigepapers.com/2011/08/15/starbucksexpands_viareadybrew/
Daily Finance, an AOL money and finance site, decided to conduct a taste test to know which coffee gave you “the best buzz for your buck”. The competitors included McDonald’s, Starbucks, Dunkin’ Donuts, and the coffee from their office as a control group.
Starbucks was the top contender and the office coffee in second place. As for McDonald’s, there were some harsh remarks about their beans.
Honduras rises as Guatemala takes
a back seat
There’s a new coffee sheriff in Central America named– Honduras. After tallying up the coffee production for this season, Honduras beat out Guatemala by producing 3.8 million of 60-kg coffee bags versus 3.5 million. Much of the boost in production is speculated to be from the decline of coffee smuggling in Honduras to Guatemala which put a damper on the country’s lifeline. New tax laws and government assistance have helped to boost the economy which includes organizing 90 farmers under a cooperative with 80% of the coffee being sold with certification seals as one of the steps towards to addressing the situation.
The Wall Street Journal reports more
https://paigepapers.com/2011/08/01/hondurascoffeeproduction2011/
With the expansion of Dunkin Donuts going west and holding 57% of the fast-casual coffee market in the Northeast, experts from NPD says a coffee war between the franchise and McDonald’s is likely.
Coffee and other drinks account for 60% of Dunkin Donuts sales and the company is looking to tap into the western market
An Interview with Joe The Art Of Coffee
TaraPaige Group met with Jonathan Rubinstein, owner of Joe The Art Of Coffee, at his Union Square location on 13th Street (off of 5th Avenue) to catch up and learn more about the story behind his success. His down-to-earth nature and openness has inspired us and we wanted to share his story with other entrepreneurs.
Learn about Jonathan and the keys to running successful coffee bars
https://paigepapers.com/2011/07/14/joetheartofcoffeeinterview/
Lower East Side Space Available!
One of our clients is looking to sell a 560 sq ft coffee bar (basement included) in the Lower East Side.
For more information, please contact us at vision@tarapaige.com
https://paigepapers.com/2011/07/10/tarapaigegroup_clientspaceopp/
The Overlooked Ice Coffee Home Consumer Gets More Attention from Roasting Companies
According to the National Coffee Association, 73 percent of coffee that is consumed by Americans is prepared in the comfort of their home– so why didn’t roasting companies jump on this fact sooner. It’s probably because the popularity of ice coffee consumed at home was always questionable– until recently. 500 miliion ice coffee drinks were ordered at various eateries in 2010 compared to only 100 million in 2006. Now roasting companies like Green Mountain and Starbucks are finding ways to attract more consumers and gain revenue by embarking on a new "venture". A little more ice please.
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paigepapers.com