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Starbucks became an upscale cultural phenomenon and turned into the dominant specialty coffee brand in America by waking up the once-sleepy coffee industry. Starbucks made coffee unique and interesting and introduced many premium coffees domestically as well as internationally. In 1990, only 3% of all coffee sold in the United States was priced at a premium and in 2000, 40% of coffee was sold at premium prices (Vishwanath, 2000). These statistics keep increasing and are increasing because of Starbucks exposure and growth to the United States; however over the past three months, Starbucks stock prices have taken a fall due to poor customer experience and the slow speed of service...
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