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Safeway (SWY +0.7%) becomes the newest competitor to Green Mountain Coffee (GMCR -0.6%), as the...
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Tuesday, June 12, 2012, 3:09 PM ETSafeway (SWY +0.7%) becomes the newest competitor to Green Mountain Coffee (GMCR -0.6%), as the retailer says it will launch under its own store brand five types of filtered coffee pods compatible with Keurig brewers; Kroger made a similar move yesterday. GMCR sells the Keurig brewers but makes most of its profits from the K-Cups that go with it.
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This news story has 7 comments:
If so, that would be a boon to the many small specialty coffee companies.
GMCR is not dead because of it, though it does hurt a bit. Their agreements with Dunkin Donuts and Starbucks help significantly even though the have to share the profits.
The old ground/packaged coffee looks like it is sitting on the shelves with dust. Those sales have to be down.
MARK MY WORDS.....
Grn Mtn has hurt themselves with the way they treat their distributors. So look for office suppliers and others to start selling non-Grn Mtn cups.
Starbucks is a joke with their pricing. Just bleeding the consumer for average quality coffee. When will consumers wake up to the Starbuck's scam.
Is it that hard to brew coffee in a traditional manner? I boil water and pour it through a single-serve cone filter and make the most delicious coffee. It takes a few minutes, and costs substantially less than using a machine. In fact, I enjoy the ritual and look forward to it.
At the time of using the Keurig machine, I thought "this will pass; what a perfect short". Alas, thoughts are not actions. I did nothing and missed an opportunity to make a few bucks. I still have my great coffee, though.