You know the US is obsessed with its caffeinated
beverages when the ups and downs of Starbucks are
used as a barometer of the recession.
With US consumers drinking 400 million cups of coffee
a day and tea being second only to water as the world’s
most consumed beverage, the Starbucks Theory of
International Economics, as Dan Gross, a senior editor
with Newsweek called it, makes a lot of sense.
The good news is that revenues for Starbucks during
the second quarter of this year were up nine percent.
Even more good news is that the NPD Group, a leading
market research company for information in the
housewares industry, reports that sales in kitchen
electrics and housewares categories “appear to be
rebounding in 2010.” Kitchen electrics were up 10%
in sales for the first quarter of 2010.
KOPPERS COFFEE CONFECTIONS