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Credit crunch sees consumers swap the coffee house for the kitchen

Posted by Sinks on 27th Jun 2017

The world financial crisis is resulting in consumers choosing to brew up cups of coffee in their kitchens rather than purchase them in restaurants or coffee houses, it has been suggested.Research from the Nielsen Company has found that many consumers are switching to the better-value coffee they can make at home rather than paying higher prices for take-away beverages, reports Reuters.Jonathan Banks, business insight director at the Nielsen Company, said What weve observed are some declines in people drinking in expensive restaurants.According to its latest figures, global coffee chain Starbucks has seen its income decrease in 2008 to less than half its level the previous year, down to 504 million (341 million).Homeowners can enjoy hot drinks without visiting a cafe by installing a dedicated boiling water outlet, such as the hot water filter tap from In-Sink-Erator, which delivers 98-degree water at the turn of a handle.ADNFCR-1321-ID-18876610-ADNFCR