Starbucks to cut 600 stores, 8% of its workforce

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NFS4

NFS4

No Lifer
Oct 9, 1999
72,636
48
91
I'm not surprised considering you can't throw a rock without hitting a Starbucks store these days. They put the damn things so close together.

They just built a new shopping center here in Cary, and put a standalone Starbucks in the shopping center -- and then a Starbucks inside the Harris Teeter grocery store just a few stores down :roll:

http://online.wsj.com/article/...tml?mod=googlenews_wsj
 
I

isekii

Lifer
Mar 16, 2001
28,578
3
81
There are so many starbucks around me within a 2 mile radius. I doubt any of those stores will be closing though, it's always packed.
 
J

Jmman

Diamond Member
Dec 17, 1999
5,302
0
76
Buy gas, or get a $6 coffee. Hmmm, tough choice.

All kidding aside, imho they are a classic example of a company that tried to expand too fast and in the process overbuilt in some areas.
 
W

Wheezer

Diamond Member
Nov 2, 1999
6,731
1
81
huh, I wonder what took so long?

people must have finally started to learn to differentiate between "needs" and "wants"
 
Queasy

Queasy

Moderator<br>Console Gaming
Aug 24, 2001
31,796
2
0
I was wondering when this was going to happen. Starbucks is worse than Waffle House now.
 
G

Galactical

Junior Member
Jun 30, 2008
9
0
0
Originally posted by: isekii
There are so many starbucks around me within a 2 mile radius. I doubt any of those stores will be closing though, it's always packed.
Click to expand...

2-mile radius? More like 100-ft walking distance. I went from one Starbucks to a Target store in the same shopping center, and inside they had... another Starbucks.
 
Deeko

Deeko

Lifer
Jun 16, 2000
30,213
12
81
I wonder how many of them are here....every block has at least one starbucks, a tully's, a seattle's best, and a smaller chain or independent coffee shop.
 
S

seemingly random

Diamond Member
Oct 10, 2007
5,277
0
0
Originally posted by: ElFenix
well now the economy officially sucks
Click to expand...
Not necessarily. sbux has been on an upward trajectory for quite a while now. They started slowing a couple of years ago. It was bound to happen as with any product.

<-- never been in an sbux :Q :) :cool:
 
spaceman

spaceman

Lifer
Dec 4, 2000
17,617
183
106
most overrated cup of coffee ive ever had in my life.
dunkins is a close second.
 
Lithium381

Lithium381

Lifer
May 12, 2001
12,455
7
81
large coffee is under two bucks.... you guys are lame, always claiming >$5 for a CUP OF COFFEE WRONG!!!! learn the menu before posting and making yourselves look like fools....
 
P

PhaZe

Platinum Member
Dec 13, 1999
2,880
0
76
I get the medium coffee which comes out to two bucks exactly. It does taste burned most of the time but I don't get it for taste, I get it to boost my sleepy ass in the morning.
 
lokiju

lokiju

Lifer
May 29, 2003
18,526
5
0
I was sitting in a Starbucks in a Target last Sunday and thinking "is it really necessary to have this here?"

There is no reason that my local mall should have 2 Starbucks in the mall and 1 in the Barnes and Noble that's attached to the mall.

There are just way to many of them out there.
 
C

Cattlegod

Diamond Member
May 22, 2001
8,687
1
0
I'm not surprised. Starbucks missed the 'panera' boat a while ago and quickly became outdated and stale.
 
dartworth

dartworth

Lifer
Jul 29, 2001
15,201
10
81
Originally posted by: dmcowen674
Originally posted by: NFS4
Topic Title: Starbucks to cut 500 stores, 7% of its workforce
Click to expand...

It's 600 stores and 8% of the workforce.

America imploding one Latte at a time
Click to expand...

I see what you did there...


You should copyright that phrase...;)
 
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