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HS
Howard Schultz
06/04/24
@ Acquired
The iconic reputation of Starbucks created a strong anticipation in Japan, where customers were eager to experience something they believed was unique and proprietary.
Video
A
Starbucks (with Howard Schultz)
@ Acquired
06/04/24
Related Takeaways
HS
Howard Schultz
06/04/24
@ Acquired
The success of Starbucks in Japan was unexpected; we opened our first store there in August, and it became an instant hit, leading to 2,000 locations.
HS
Howard Schultz
06/04/24
@ Acquired
Starbucks' success is rooted in creating a community space where people connect over coffee, which was a novel concept in the U.S. at the time.
HS
Howard Schultz
06/04/24
@ Acquired
Starbucks built its reputation primarily through word of mouth, without spending on traditional marketing, by surprising customers in unexpected places.
HS
Howard Schultz
06/04/24
@ Acquired
The iconic Starbucks cup became a badge of honor, contributing to brand visibility and customer pride.
HS
Howard Schultz
06/04/24
@ Acquired
The experience created around coffee consumption at Starbucks is as important as the product itself, contributing to customer loyalty, and Starbucks has achieved a level of customization in its mobile app that no other food company has, allowing customers to personalize their orders significantly.
HS
Howard Schultz
06/04/24
@ Acquired
Starbucks has built a unique brand identity that elevates the role of baristas, making it more respected compared to other food service jobs, like flipping burgers.
HS
Howard Schultz
06/04/24
@ Acquired
I became interested in Starbucks after visiting their store in Pike Place Market, where I was captivated by the experience and the romance of coffee.
HS
Howard Schultz
06/04/24
@ Acquired
Starbucks has successfully created a coffee culture that attracts consumers who may not have engaged with coffee otherwise, expanding the market.
HS
Howard Schultz
06/04/24
@ Acquired
Starbucks waited to enter the Italian market until they could present themselves in the best possible way, respecting the local coffee culture.