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Whirlpool Bets Starbucks Drinkers Will Buy a $2,000 Espresso Maker [Yahoo! Finance]
Last starbucks corporation earnings: 4/28 04:05 pm
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Most Read from Bloomberg Javier Milei Fuels Wild Rally That Makes Peso No. 1 in World US Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes Huawei's New Phone Runs Latest Version of Made-in-China Chip Alphabet Beats Revenue Estimates as AI Fuels Cloud Growth Plunging Home Prices, Fleeing Companies: Austin's Glow Is Fading The company launched new KitchenAid automatic espresso makers this month in the US that cost as much as $2,000. The goal is to hook Starbucks Corp. customers who are used to shelling out $5 for fancy coffee drinks and now find themselves working from home more often. It's a high-stakes gamble for Whirlpool as US economic growth slows and inflationary pressures persist. While small domestic appliances are still selling, the high-end discretionary category is a weak one in a cautious consumer environment, said Bloomberg Intelligence analyst Drew Reading. “It doesn't really get more discretionary than a $2,000 espresso maker,” he said. Whir
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- Are Americans losing their taste for Starbucks? [Yahoo! Finance][Yahoo! Finance]
- Are Americans losing their taste for Starbucks? "The whole concept got old," one customer said. [CBS News][CBS News]
- WK Kellogg Q1 takeaways: Consumers avoiding big food brands [Yahoo! Finance][Yahoo! Finance]
- WK Kellogg Q1 takeaways: Consumers avoiding big food brands [Yahoo! Finance Canada][Yahoo! Finance Canada]
- The Daily Money: How much does guilt-tipping cost us? [USA TODAY][USA TODAY]
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