Ending Soon! Save 33% on All Access

Dunkin' Donut Chain Takes on Fancy Boutiques <b></b>

Detroit-The blue-collar doughnut shop Dunkin' Donuts has begun offering lattes and cappuccinos at all 55 Michigan stores, as it squares off head-to-head with the nation's leading coffee boutiques, Starbucks and Caribou Coffee.

To bolster its position, Dunkin' Donuts plans to open 145 new stores throughout the state within five years. Dunkin' Donuts says the expansion is really about selling more coffee, especially pricey designer coffee, than doughnuts.

Their traditional coffee already accounts for more than half the company's $3 billion annual sales, and it's flooded the area with free cappuccino coupons in newspaper ads and on its to-go coffee cups. Dunkin' Donuts is the world's largest coffee and baked goods chain, daily serving more than 2 million customers, many of whom rarely visit a boutique coffee shop. -Detroit Free Press

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

TikTok Reportedly Laid Off a 'Large Percentage' of Employees as the App's Fate in the U.S. Remains Unclear

Laid-off TikTok employees were notified Wednesday night through Thursday morning.

Business News

Four Seasons Orlando Responds to Viral TikTok: 'There's Something Here For All Ages'

The video has amassed over 45.4 million views on TikTok.

Business News

More People Are Exploring Entrepreneurship Because of This Unexpected Reason

More new business applications were filed in 2023 than in any other year so far.

Personal Finance

This Investment Bundle Includes a Trading Course and Stock Screener Tool for $150

Approach the stock market with an increased understanding.

Growing a Business

5 Strategies to Know As You Scale Your Business

Scaling a service-based company requires a comprehensive approach that goes beyond simply increasing revenue. It requires careful planning, strategic decision-making and a deep understanding of market dynamics.