Tuesday, July 24, 2007

STARBUCKS TO RAISE PRICES


"The widely anticipated move marks Starbucks' second price increase in less than a year and comes a month after the coffee shop chain's chief financial officer warned it would be "very challenging" for Starbucks to meet the high end of its 2007 earnings forecast, in part because of rising dairy prices.

U.S. milk prices have soared recently amid strong global demand for dairy products and higher production costs."

This is good news for the Matanuska Maid, who has been struggling of late and had to have the Governess step in to avoid a shut down. Why is the Maid in trouble when the dairy industry is soaring? The news has been quiet lately out of the valley.

Maybe it is time to make a deal with Alaska Starbucks. Lucky for us here in Kodiak that we have so many choices. When it comes to java, The Perspective favors local beaneries over the Seattle mega-caffinatorium.

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