Starbucks Corp., which has about 11,000 U.S. locations, has been on a strong financial run even in the weak economy, boosting its profits by raising prices, revamping food offerings and adding items such as pricey bottled juices. In its latest quarter, it said sales rose 9 percent at cafes open at least a year.
The idea of a tea shop isn't new, of course. Jenny Ko, a part owner of the Culture Tea Bar in New York's Harlem neighborhood, notes that they're more prevalent on the West Coast but that they've been popping up on the East Coast more recently as well.
Ko said she welcomes Starbucks' push into tea shops, even though the company has put many put many smaller coffee chains out of business with the popularity of its namesake stores. She said she thinks her tea shop has enough unique offerings to withstand the competition. Besides, she said Starbucks' push should lead to greater awareness about teas in general.
"That's how everyone got into coffee, after Starbucks opened," Ko said.
Already, Ko noted people are more knowledgeable about tea, with customers increasingly familiar with different varieties such as oolong and Darjeeling.
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