The Starbucks customer and the Teavana customer are two very different customers, two different need states that are highly complimentary.
Sentiment: POSITIVE
Starbucks has a role and a meaningful relationship with people that is not only about the coffee.
The Starbucks brand has shifted over time from being a specialty brand to being more of a mass brand. There is a gap at the top of the market.
People around the world, they want the authentic Starbucks experience.
We sell tea in Starbucks, but I think the experience is very different. I think coffee is something that is quick - it's transactional. I think tea is more Zen-like. It requires a different environment.
Starbucks was founded around the experience and the environment of their stores. Starbucks was about a space with comfortable chairs, lots of power outlets, tables and desks at which we could work and the option to spend as much time in their stores as we wanted without any pressure to buy. The coffee was incidental.
The growth of the company and the license that Starbucks has is to participate in other food and beverage opportunities. We have a global business... and in many parts of the world, tea is much, much bigger than coffee, and we're going to bring tea and bring our capability and our understanding of what we've done for coffee to tea.
Starbucks represents something beyond a cup of coffee.
We need to put ourselves in the shoes of our customers. That is my new battle cry. Live and breathe Starbucks the way our customers do.
Starbucks is committed to evolving and enhancing our customer experience with innovative and wholesome food offerings.
The response to the Starbucks brand has been phenomenal in our international markets.
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