• The Binghamton Press reports that Weis Markets has closed 11 Giant Food Markets that it acquired two months ago and is converting them to the Weis banner – complete with a shift to the company’s own front end systems. Five of the units reportedly will be converted to a 24-hour operating schedule, with the rest open 7 am – 11 pm daily.
• Starbucks announced last week that it will lower prices on some products and raise prices on others – gambling that even in a recession, what it views as product-appropriate pricing will fly with consumers.
Prices reportedly will go up (as much as 30 cents) on labor-intensive drinks such as frappuccinos and caramel macchiatos, while they will go down between five and 15 cents on easier drinks to make such as brewed coffee, lattes and cappuccinos.
• Starbucks announced last week that it will lower prices on some products and raise prices on others – gambling that even in a recession, what it views as product-appropriate pricing will fly with consumers.
Prices reportedly will go up (as much as 30 cents) on labor-intensive drinks such as frappuccinos and caramel macchiatos, while they will go down between five and 15 cents on easier drinks to make such as brewed coffee, lattes and cappuccinos.
- KC's View:
