The Best One Yet 🚽 “Lattes & Lavatories” — Starbucks’ policy pivot. LA’s greedy landlords. Planet Fitness’s biggest risk.
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Jan 15, 2025 Starbucks is tightening its bathroom policy to protect the ambiance of 'the 3rd place.' In LA, rising rents could mean a housing market shake-up. Meanwhile, Planet Fitness sees a stock boost but faces risks with its low-cost membership strategy. The podcast also dives into surprising economic updates, including non-EU real estate taxes and egg price hikes. To wrap up, listeners enjoy personal anecdotes and investment tips, along with a sneak peek at upcoming challenges for Boeing.
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Third Place Backfires
- Starbucks's open bathroom policy, intended to create a "third place," backfired.
- Non-paying customers overcrowded stores, leading to declining sales.
Starbucks Bathrooms
- Starbucks reversed its open bathroom policy after seven years.
- Now, only paying customers can use their restrooms.
Premium Experience
- Focus on creating premium in-person experiences to justify premium prices.
- Starbucks' new CEO prioritizes the in-store experience over digital orders.
