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Archive Home > 2008 > November > 11 > In tough times, it seems, joe is the first thing to go

In tough times, it seems, joe is the first thing to go

Coffee chain’s net income drops 97 percent in fourth quarter

By Brad Stone / The Bulletin
November 11, 2008

SAN FRANCISCO — Starbucks was built by a generation of coffee drinkers who regularly rewarded themselves with a small daily luxury.

But in a sharp economic downturn, fewer people are in the mood to indulge. On Monday, the chain reported net income dropped 97 percent in the fourth....

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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.