Starbucks’ Monetary Superpower
TLDR: 6% of Starbucks’ liabilities are in gift cards to customers. About 10% of those are never used. Effectively a 0% (or -10% including breakages) loan from customers.
Starbucks’ Monetary Superpower
TLDR: 6% of Starbucks’ liabilities are in gift cards to customers. About 10% of those are never used. Effectively a 0% (or -10% including breakages) loan from customers.