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Starbucks to cut 600 stores, 8% of its workforce

NFS4

NFS4

No Lifer
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
 
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.
 
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.
 
huh, I wonder what took so long?

people must have finally started to learn to differentiate between "needs" and "wants"
 
I was wondering when this was going to happen. Starbucks is worse than Waffle House now.
 
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.
 
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.
 
Originally posted by: ElFenix
well now the economy officially sucks
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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 🙂 😎
 
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....
 
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.
 
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.
 
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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