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Good Day, Bad Day
January 23, 2008
GOOD DAY FOR: Bucking inflation, as some Seattle-area Starbucks stores are trying out a $1 cup of coffee and free refills on regular drip brew. Starbucks is facing increasing competition in the high-end coffee market from chains like McDonald’s and Dunkin’ Donuts. The $1 8-ounce cup would undercut both those competitors. (Reuters)
BAD DAY FOR: Diets, after Pepsi CEO Indra Nooyi said that Pepsi’s products would do fine in an economic slump as people seek solace in the “comfort foods” sector. “In many ways we are countercyclical,” she said. Along with its soft drinks business, Pepsi also owns the Frito-Lay chip and snack food empire. (Reuters)
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