via Yahoo!:
Starbucks offers afternoon drink deal nationwideTuesday August 5, 12:23 am ET
By Lauren Shepherd,
AP Business Writer
Starbucks looks to entice value-seeking consumers, offers afternoon drink discount nationwide NEW YORK
(AP) -- Looking to bring more value-seeking consumers through its doors for a late afternoon caffeine fix, Starbucks Corp. said it will now offer its morning customers any iced grande beverage for $2 after 2 p.m.
The price is a big cut from the normal price of most grande-sized iced drinks. A grande iced latte, for example, costs about $4. To get the discount, customers must present a receipt from their morning Starbucks visit.
The promotion was previously only offered in Seattle, Chicago and Miami. The company said it is taking it nationwide beginning Tuesday to answer consumers' calls for more value at the chain, which has seen traffic drop as gas prices rise and consumer spending falters. It runs until Sept. 2.
"I think we've kind of hit the nail on the head," said Brad Stevens, vice president of customer relationship management. "It's easy for baristas to implement and it's easy for customers to understand."
The move to expand the afternoon iced drinks promotion comes after Starbucks said last week it would offer more "value" in its fall and holiday offerings. In a conference call with investors, Chief Executive Howard Schultz said the company may offer deals to consumers who use Starbucks customer cards. ......(more)
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