Starbucks Is Spending Millions to Fix Its ‘Basic’ Image Problem
Starbucks will go down in history books as the brand that made it OK to charge more than $2 for a cup of coffee. But its reputation as a higher-end coffee shop has faded – and that has the company worried.
The chain was founded with the mission of providing premium coffee to the masses, with CEO Howard Schultz modeling locations after Italian espresso bars. Starbucks sought to become the “third place” in your life – after your home and your office – where you would go to simply hang out and socialize.
And it arguably did just that.