Starbucks to close 300 more stores
source: http://www.huffingtonpost.com/2009/01/28/starbucks-to-close-300-mo_n_161979.html
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- aswift1
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The company plans to close 300 underperforming stores around the world by the end of the fiscal year in addition to the 600 it already planned to close in the U.S. The company has already closed 384 of those stores.
The additional closures could result in the loss of 6,000 in-store jobs. Starbucks also plans to lay off about 700 non-store employees.
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- Economy, Current News UK, Business, Current News US, 4 more
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vindicate_me
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oh poo... maybe now when i'm in columbus circle or even astor place i won't have to decide which of the 3 starbucks in my viewing distance i will have to choose.
i'd rather drink mud anyway. orange is one of my favorite colors.
- 3 years ago
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vindicate_me
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nazbags
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Hopefully they'll be closing their Guantanamo Bay location ...
- 3 years ago
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nazbags
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ipodrulz
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Since when was there a boycott? Starbucks is such an amazing franchise, their stores are above any other coffee shops and their coffee tastes amazing. I don't mind paying a lot for quality, this is the same debate as Mac vs PC. If you're fine with ordinary, plain old crap than you can get Dunkin or Tim Hortons coffee but I think Starbucks is about a lot more than just the great coffee.
- 3 years ago
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ipodrulz
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el_chivo
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Sure, sure, boycott at work. This has nothing to do with economic issues at all.
- 3 years ago
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el_chivo
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heatX
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who cares.
- 3 years ago
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heatX
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ButchersDaughter
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If you cut me, caramel macchiato comes out.
'Nuff said.
- 3 years ago
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ButchersDaughter
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WhippieWoHo
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Personally, I dont know anyone right now that can afford a $5 cup of coffee. Not when that $5 will buy a bag of coffee at the supermarket and last all month!
- 3 years ago
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WhippieWoHo
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dirtyemowords
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What a terrible shame, no more overpriced brown filth instead of a decent coffee from your local independent.
- 3 years ago
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dirtyemowords
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ipodrulz
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I really don't see why you guys have such a thing against Starbucks. They better not close any of my local Starbucks though. I will single handidly make them not under perform!
- 3 years ago
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ipodrulz
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SW2
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Starbucks is familiar but if i can I make sure I head somewhere local selling illy coffee.
- 3 years ago
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SW2
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SDLN
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I guess I'll have to walk 100 steps to the other Starbucks around the corner.
- 3 years ago
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SDLN
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Mr_Costello
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SDLN:
Jajaja! you beat me to it dude.
- 3 years ago
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Mr_Costello
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asherp
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SDLN:
I thought that Louis Black's sketch about coming out of a starbucks in NYC and seeing a starbucks on the other side of the intersection was a joke.
After visiting NYC, I think I may have found the exact location he was talking about. There actually is/was a spot where you can walk out of one starbucks and directly across the street, there is another starbucks.
- 3 years ago
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asherp
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fiat_lux088
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SDLN:
It'll also burn that half a dollop of whipped cream they use.
- 3 years ago
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fiat_lux088
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nightmonkey
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What is this world coming to?
- 3 years ago
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nightmonkey
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bigloutech
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well here in midtown nyc, i have a choice of 4 different starbucks in the 4 blocks i walk from the subway to my job...i'm sure we could afford to lose a few
- 3 years ago
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bigloutech
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aswift1
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bigloutech:
Yeah, and then what happens to the retail space? My friend can't even sell her condo at Broadway and Amsterdam...
- 3 years ago
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aswift1
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abbym0308
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Maybe the The Church of Stop Shopping is finally having an influence. Watch this pod.
- 3 years ago
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abbym0308
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asherp
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abbym0308:
I LOVE YOU!
- 3 years ago
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asherp
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uponrooftops
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this makes me a little sad. my dad works at a company that manages these as concessions at airports... this means more cutbacks on his end.. :[
- 3 years ago
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uponrooftops
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Sexirobot
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Brilliant. fewer and fewer mac wielding beret wearing cappuccino drinking yuppies for me to loath.
- 3 years ago
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Sexirobot
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Nettle
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Glad to see Starbucks taking a blow, but it's not cool for all of the people getting canned. It just spirals down and down and down.
- 3 years ago
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Nettle
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SHAWN_RITTIMAN
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Oh no! I will be forced to continue buying a whole can of coffee for the price they charge for a damn cup.....and have it last a month. I will miss driving right past.
- 3 years ago
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SHAWN_RITTIMAN
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Xomeron
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Ah good, I was hoping they would get less dense.
- 3 years ago
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Xomeron
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renagadeoffunk74
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BAILOUT STARBUCKS!
- 3 years ago
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renagadeoffunk74
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maisry
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Kind of like those interest only home loans which even *I* could see were s-t-u-p-i-d, too many Starbucks shops couldn't possible stay afloat. They saturated their own market. Then some of us did boycott them, then the fast food restaurants caught on to the coffee thing. I hope Starbucks fired the marketing analysts that set them up for this fall.
- 3 years ago
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maisry
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clayjj05 [removed]
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Boycotting is not hurting their business, the economy is muted and to say other wise is retarded. The fact they have more than one starbucks in a 2 mile square is why they are shutting them down. There is one in the common area of the army base I'm studying at for god sakes. They shouldn't have put so many up in the first place.
- 3 years ago
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clayjj05 [removed]
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nobodysfool
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clayjj05:
It is pretty ridiculous.
- 3 years ago
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nobodysfool
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JimboTheHippo
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lol dang hope mines not next
- 3 years ago
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JimboTheHippo
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mutedmajority [removed]
- This comment was removed as a violation of community guidelines.
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mutedmajority [removed]
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cybexg
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mutedmajority:
I'd say it has more to do w/ exhausting their portion of the market in conjunction w/ low barriers to entry, large number of substitutes, enhanced buyer power, naturally strong competition (See Porter, Competitive Strategy for explanation).
But if your explanation makes you feel better, go for it.
- 3 years ago
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cybexg
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charfman
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mutedmajority:
I think there are a lot less people who can afford to buy a 5 dollar cup of coffee...
- 3 years ago
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charfman
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nobodysfool
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mutedmajority:
You're joking, right?
I hate starbucks, but do you really think it's a good thing that these people are losing their jobs and that our economy is crap?
- 3 years ago
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nobodysfool
