Starbucks Corporation is an American coffee company that started in Seattle, Washington in 1971. It established its first coffeehouse in 1984. Today is operating over 20,000 stores in over 60 countries. The current stock price SBUX (NASDAQ) is at $57.51 as of July 29, 2015 at 4:05 p.m. The company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. Along with coffee, Starbucks also offers cookies, cakes, chocolate and recently snacks, coffee makers among other souvenirs and paraphernalia.
Starbucks has a strong social presence as one of its marketing platforms are Facebook, Twitter, Pinterest, LinkedIn, YouTube, Google+, Instagram and MySpace among others. Starbucks marketing strategies emphasize the perfect cup of coffee, innovation, smart partnerships, brand marketing, customer satisfaction (Twitter), creating a Starbucks community on the numerous social media sites that employees and customers are encouraged to participate in. The company has a developing international business with diverse drinks with new ones originating periodically. It seems to be the best loved drink on social media due to its influencers.
The public can share their ideas on one their platform called ‘My Starbucks Idea’. It allows the participant to share ideas, vote on existing ones, discussion, and make an examination of new and innovating ideas. Hence, share, vote, discuss, and see (fig.1).
Fig.1(a) Fig. 1(b)
All its physical locations offer free Wi-Fi which has attracted retirees, college students and many young business entrepreneurs that enjoys the relaxed atmosphere. Its social media engagements also offer a quick response to complaints along with opportunities for new connections. Many Starbucks customers are willing to download its app, place orders and pay via their mobile devices. As such, the coffee giant’s app lands near the top for mobile payment usage. In a December 2014 study by 451 Research, Starbucks was the second most popular app US mobile phone owners used to pay for goods in physical stores in the past month, cited by 6%. This trailed only PayPal (14%) and was ahead of Google Wallet (4%), Amazon Wallet (3%) and competitor Dunkin’ Donuts (3%), among others (Fig.2).
Starbucks has cited some key points for its return on investment with its Facebook and Twitter trends, mobile payment transactions along with its store transactions and loyalty card programs.
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