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Changes are brewing in the coffee business.
As Mainebiz reported, Coffee By Design has suddenly closed a shop in Portland, leaving the company with a single coffeehouse. CBD operated four as recently as April 2023. Meanwhile, its wholesale roasting business is thriving.
Aroma Joe's is building a new coffeehouse in Saco, and recently moved headquarters.
Starbucks is adding new shops in Maine, but has also closed several as the company increasingly focuses on drive-thru service.
And the java giant will switch CEOs, it announced last week, after revenue shrank during the second quarter. Prior to the announcement, the price of Starbucks shares had fallen 25% in nine months.
Some experts say consumer tastes for coffee are changing, that coffee convenience has become king, or that a cuppa joe is just too expensive. Other people say the ups and downs are the norm for a fast-moving industry where a new pot is always percolating.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
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Changes are brewing in the coffee business.
As Mainebiz reported, Coffee By Design has suddenly closed a shop in Portland, leaving the company with a single coffeehouse. CBD operated four as recently as April 2023. Meanwhile, its wholesale roasting business is thriving.
Aroma Joe's is building a new coffeehouse in Saco, and recently moved headquarters.
Starbucks is adding new shops in Maine, but has also closed several as the company increasingly focuses on drive-thru service.
And the java giant will switch CEOs, it announced last week, after revenue shrank during the second quarter. Prior to the announcement, the price of Starbucks shares had fallen 25% in nine months.
Some experts say consumer tastes for coffee are changing, that coffee convenience has become king, or that a cuppa joe is just too expensive. Other people say the ups and downs are the norm for a fast-moving industry where a new pot is always percolating.