"The average share of private label spend rose from 19% in Q1 to 22% in Q3 this year, with store brand coffee purchases ranking #1 at club stores. Starbucks took the top spot at grocery and mass stores, such as Walmart and Target, and ranked #2 at club and dollar stores, showing that consumers still prefer their name-brand coffee when they can afford to splurge."
"Data from the Bureau of Labor Statistics shows that the average price for a pound of coffee beans in September had increased by over 41% year-over-year - from $6.47 to $9.13 - a surge the country hasn't seen in decades. A pound of Starbucks coffee, in comparison, generally costs between $12 and $18 - depending on the blend, whether it's on sale, and the location from which you're purchasing it."
The average share of private-label coffee spend rose from 19% in Q1 to 22% in Q3, with store-brand purchases ranking #1 at club stores. Starbucks holds the top spot at grocery and mass retailers like Walmart and Target, and ranks #2 at club and dollar stores. The average price for a pound of coffee beans increased year-over-year from $6.47 to $9.13, a more than 41% surge. A pound of Starbucks retail coffee typically costs $12 to $18 depending on blend, sales and location. Average restaurant coffee prices rose from $3.46 to $3.57 year-over-year. Name brands must maintain targeted marketing and loyalty strategies as private label gains share.
Read at Business Insider
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