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Starbucks Raising The Prices For Their Drinks And Their Bagged Coffee!!!

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starbucks raising prices

Love going to Starbucks?

Well, you may love them just a tiny bit less after you hear this news!

The coffee giant announced on Friday that they will be increasing the prices of some of their drinks from 5 cents up to 20 cents!

And that's not all!

The company will also be hiking up the price of their 12 ounce coffee bags that peeps can buy in grocery stores from $8.99 to $9.99!

Although the company has declined to reveal the specific motivating issues that have caused this increase in price, a spokeswoman for the company did say this:

"For both our packaged coffee and retail business, there are many factors that contribute to our pricing decisions, including competitive dynamics and our overall cost structure."

Another thing the company said was that its recent "free" college tuition program that they announced last week "is in no way related" to this new announcement that they'll be anteing up their prices.

Plus none of the their food prices will be raised so we guess that's good!

We're not exactly sure what has spurred this latest increase as the company has been keen to say how "the vast majority of our customers will not be affected", but we're definitely sure that a lot of its customers will not like any price increase - no matter how small it is - since the coffee company is pretty pricey already!

To a company like Starbucks, however, business will always be just business!

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9 comments to “Starbucks Raising The Prices For Their Drinks And Their Bagged Coffee!!!”

  1. karen says – reply to this


    1

    They're upping the price because people are stupid & lazy and will keep spending a fortune on their average stuff. $4 x 5 times a week = $20 x 52 weeks = $1,040. That was how much I spent on lattes until I stopped being wasteful w/ my money. $20 for a machine & $8 every two weeks for grounds.



  2. 2

    Seldom go there, once in a rare while, usually during the summer for an iced green tea. I buy my occasional Frappucinos in the supermarket.



  3. 3

    "competitive dynamics and our overall cost structure." - That's first year PR speak for "we're greedy and we need to satisfy our stock holders, as well as help offset the costs that we're not encountering (because we're not actually paying for it) via the college program".



  4. 4

    People that frequent Starbucks have no idea how stupid they actually are.

  5. LY says – reply to this


    5

    Minimum wage is going up. Shocking that this would happen at the same time.

  6. Anthony says – reply to this


    6

    Generally this happens when wages for employees increase, or suppliers increase the cost of their product (Beans, coffee cups, milk) etc… It's all proportional.

  7. barney says – reply to this


    7

    GREED. There prices are already outrageous. Have to be Stupid and lazy to pay what they Charge.

  8. Shelley says – reply to this


    8

    Disappointed!! They already make enough profit on their coffee/ beverages to offset any "competitive Dynamics". I agree most likely related to wage increases and shareholder satisfaction! They may find they are less satisfied as a result if business starts to drop off

  9. Piggy's Empty Trough says – reply to this


    9

    Weren't they just talking about 'coffee rust' infecting most of the coffee growing regions and how prices would be going up?