The Charm Offensive

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The trouble with writing about a visionary company like Starbucks is that I have to start by going all macro here, beginning with that bitch goddess capitalism and her bastard son, Wall Street, and the fact that within this economic family, nothing is ever enough. (Woody Allen made the same comparison about relationships, i.e., they are like sharks, and have to keep moving ahead, or die.)

On the heels of a very good fourth quarter for the brand—a 19 percent net increase in earnings compared to a year ago—the Street was not happy, because although same-store sales rose, traffic was down 1 percent (the first decrease for Starbucks since going public in 1992).

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