starbucks closing, wht do u think

@sisco100 (2338)
United States
July 19, 2008 5:06pm CST
Starbucks Corp. has named all 600 company-owned stores it plans to close in a bid to boost its business and weed out unprofitable locations. The company announced 50 stores late last week, saying those stores would be closed by the end of July. Those include four stores in Alabama, seven in Minnesota and eight in California. Now the gourmet coffee retailer is detailing all stores slated for closure. Including the eight other stores, California will now lose 88 stores with two each in Los Angeles and San Francisco, and 10 in San Diego. Florida will lose 59 stores, including three each in Tampa and Palm Beach Gardens. Louisiana will lose 13 stores, nine of them in Baton Rouge. The company announced earlier this month that it would close 600 company-owned stores in the U.S. starting in July and continuing through the first half of the next fiscal year. But Starbucks didn't say which locations would be shut down, until now. The move to close the stores is a turnabout from Starbucks' aggressive expansion plans. But the company curtailed those plans as it saw traffic and its profits decline recently as the faltering economy has led some consumers to question their spending on pricey coffee.
4 responses
@sedel1027 (17846)
• Cupertino, California
19 Jul 08
Meh. Doesn't affect our area at all. I have 2 Starbucks within walking distances, and two more between a 5 and 10 minutes drive from my house (one of which just opened this month. Keep in mind, they are only closing Corporate owned stores. This won't affect any franchises.
• United States
19 Jul 08
It's sad to read this. So many will lose their jobs and will have to find a new one in this poor economy. Some may not be able to find a job right away, which will put a strain on their finances. I hope they can find a new job with ease. As to Starbucks itself, I've bought from them once. It's not the best around. Hopefully the small, family owned coffee shops will have a better chance to make it.
@Wizzywig (7847)
19 Jul 08
I've only ever set foot in a Starbucks once ... & the guy at the counter said all their tills had gone down so they weren't serving for a while. I just had a coffee somewhere else so, if they all closed, it really would have very little effect on me. Its not like its something vital like a hospital or fire station.
• United States
19 Jul 08
I can really care less about Starbucks and I can't see myself buying their expensive products. It will definitely help traditional, local coffee places in many communities, but I can imagine that it will be horrible for those who are losing their jobs over this, no one is really talking about that, people only care about their coffee haha. Not to mention, their products are extremely unhealthy, at least when it comes to their beverages and shakes.