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HS
Howard Schultz
06/04/24
@ Acquired
Customers began customizing their beverages, which increased the average ticket price and customer loyalty.
Video
A
Starbucks (with Howard Schultz)
@ Acquired
06/04/24
Related Takeaways
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
The introduction of the name on the cup was a response to the growing busyness of stores, enhancing customer connection.
HS
Howard Schultz
06/04/24
@ Acquired
Starbucks transformed a commodity business into a premium product brand, but we need to monitor disruptive innovations to ensure they enhance rather than detract from the customer experience.
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.
TX
Tony Xu
12/10/20
@ Y Combinator
Due to our excellent service, we've increased our weekly orders by over 30% week over week and generated over 1.5 million dollars in annualized sales for our restaurants.
HS
Howard Schultz
06/04/24
@ Acquired
Starbucks' decision to sell coffee in Costco significantly increased brand awareness and drove more customers to Starbucks stores.
HS
Howard Schultz
06/04/24
@ Acquired
Starbucks faces the challenge of maintaining intimacy in customer experiences despite its ubiquity, ensuring that the brand does not become commoditized.
HS
Howard Schultz
06/04/24
@ Acquired
Maintaining intimacy and trust with customers was crucial as Starbucks grew, ensuring we didn't lose our core values.
HS
Howard Schultz
06/04/24
@ Acquired
The iconic Starbucks cup became a badge of honor, contributing to brand visibility and customer pride.