Shocked by Shanghai Prices! Even Starbucks Lowers Prices, Some Coffee Now Cheaper Than Water
Shocked by Shanghai Prices! Even Starbucks Lowers Prices, Some Coffee Now Cheaper Than Water
Udumbara
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Starbucks just made a surprise announcement – it’s slashing prices. The company, which has always insisted on staying high-end and once said it had no interest in joining a price war, has now given in. With China’s economy still struggling and consumer spending staying weak, competition in the coffee market has become fierce. Some coffees are now even cheaper than bottled water. Starbucks couldn’t hold out any longer and finally joined the battle.
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