Starbucks to close 600 stores....

[ACDCDCAC]

Quote:

Originally Posted by CaliaA07 It's on MSNBC Starbucks to close 600 stores in the U.S. - Food Inc. - MSNBC.com and it's on CNN. FYI

oh good, i hate it when i know before they do
thanks cali!

[MaryS]

I hope the 3 next to my house stay open!!!

[nikkianddean]

Quote:

Originally Posted by Maura oh and BTW -- i am not surprised starbucks is closing shops - their second quarter profit dropped by 28%

Well, I guess they couldn't stick to their strategy anymore. starbucks' model is all around dominating market share. I.E. they would open two shops on the same block even if one loses money. They would rather have a store losing money than give a competitor the opportunity to come in and "steal" their client base. Seems like the losers keep getting bigger....

[Martha]

Sucks for the 12,000 employees they are letting go.

[Jen_S]

I love their stuff but it is so pricey and they are on just about every corner. I feel bad for the employees.

[Sandra E.]

They originally were planning to close 100. However, Dunkin Donuts and McDonalds have come out with new coffee and is killing Starbucks sales. Not only is it less expensive, but apparently delicious!

 

McDonald's Targets Starbucks With Free Wi-Fi, Upscale Coffee Bars -- Wi-Fi -- InformationWeek

 

COFFEE BATTLE BREWS IN CITY; Dunkin' Donuts aims to tap Starbucks' upscale customers by opening shops near offices. | Crain's New York Business (January, 2007)

[1elephant]

here's a link to the list starbucks released. 600+ (618?) closing, w/ biggest % in CA (88 stores). use the drop down list to see your state.

Starbucks closings - New Jersey - from CNNMoney.com

[Yari]

Quote:

Originally Posted by *lauren* here's a link to the list starbucks released. 600+ (618?) closing, w/ biggest % in CA (88 stores). use the drop down list to see your state. Starbucks closings - New Jersey - from CNNMoney.com

Thanks for the link!

I am happy cause they are not closing any by my house or work.

[Amy&Andy]

I just found out they are closing our one and only "real" starbucks in Port Angeles! We have the one that's in the Safeway...but it doesn't count Oh welll.....I pretty much support our local guys anyways, but DH loves their breakfast sandwiches so he'll be sad. They are also the only ones who can make my tea misto the best

[Erica053009]

Maybe they finally realized that they don't need 5 on each city block