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Stock Market & Financial Investment News

News Breaks
October 4, 2012
07:51 EDTCSTR, SBUXCoinstar turns to coffee, Bloomberg reports
Coinstar (CSTR), with its $1-a-day Redbox DVD kiosks, is now turning to the coffee market, installing dispensers to pump out inexpensive, fresh-brewed mochas and lattes at the corner store, using Starbucks (SBUX)’s Seattle’s Best brand, reports Bloomberg. The company is attempting to break into the $28.5B out-of- home coffee market by offering convenience and a low price. Next, it wants to expand the premium market by serving coffee where it isn’t now, including drug stores and big-box retailers. Reference Link
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