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Article: JAVA JUNKIES FEEL PINCH RISING COFFEE PRICES FORCE TOUGH CHOICES.(BUSINESS)
- Article from:
- The Capital Times
- Article date:
- March 20, 2008
- Author:
CopyrightCOPYRIGHT 2008 Capital Newspapers. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: LYNN WELCH The Capital Times
Lindsey Lee's wholesale coffee prices jumped 50 percent early this year.
As a result, the owner of Cargo Coffee on Park Street and Ground Zero on Williamson Street last week raised prices on bulk bean coffee from $7.95 to $8.45. Bakery goods went up 5 cents, too.
But prices on Lee's coffee drinks have not changed.
"It's difficult to raise retail prices because sales have been off and you get scared of losing customers," he said.
The rise in cost of goods is squeezing small coffee retailers who now pay more for goods and services - from milk to linen service and paper goods - while feeling ...