When we moved to our former house in the Tradition neighborhood of Port St. Lucie, Fla., we had two Starbucks, two Dunkin's, and two local coffeehouses within a few miles of our house. A few years later, when we moved away, we still had two Starbucks, but the local, independent chains had both closed.
In their place, we added 7 Brew, Cali Coffee, Carmela (a regional chain), Vicky Bakery (a popular Cuban cafe chain), another Dunkin', and a new independent coffee place.
It's a staggering amount of competition in a fast-growing section of the city that's only a few square miles. All of those added competitors come at a time when the overall market has been growing, but seems to have hit a wall.
"The Coffee and Snack Shops industry has experienced a wave of growth, emerging as a standout performer in the food service sector. It boasts an annualized growth rate of 2.5%, shooting revenues up to $75.5 billion over the five years to 2026," according to IBISWorld's Coffee & Snack Shops in the US Industry Data and ***** ysis.
Nationally, Americans also have more places to get their daily cup.
#coffee #starbucks #snack #House
In their place, we added 7 Brew, Cali Coffee, Carmela (a regional chain), Vicky Bakery (a popular Cuban cafe chain), another Dunkin', and a new independent coffee place.
It's a staggering amount of competition in a fast-growing section of the city that's only a few square miles. All of those added competitors come at a time when the overall market has been growing, but seems to have hit a wall.
"The Coffee and Snack Shops industry has experienced a wave of growth, emerging as a standout performer in the food service sector. It boasts an annualized growth rate of 2.5%, shooting revenues up to $75.5 billion over the five years to 2026," according to IBISWorld's Coffee & Snack Shops in the US Industry Data and ***** ysis.
Nationally, Americans also have more places to get their daily cup.
#coffee #starbucks #snack #House
2 months ago
