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Supra TT
07-01-2008, 07:41 PM
Just heard this on the radio maybe 20 min ago.... Starbucks announced that they will be closing 600-700 stores nationwide within the next month. Anybody know why? Are there sales hurting???

Supra TT
07-01-2008, 07:45 PM
***Their***

Mr Zabe
07-01-2008, 08:38 PM
***Their***
Why?
The AP story stated that these stores are underperforming company owned
stores. The down turn of the economy as well was stated in the article.
Face it at $5 a gallon gas, a $5 cup off coffee is a less affordable luxury splurge.
Heck a good old 75 cent can of vend soda pop really is a great bargain.:)

fusion
07-01-2008, 08:44 PM
I think they also overbuilt stores/locations. Near my house there is a location in a Safeway, and along the highway in front of the store there is a freestanding location as well. Makes no sense to me.

lordmadone
07-02-2008, 01:39 AM
Yeah they weren't smart in their excessive building of stores within too close proximity of each other IMHO ..

Mr Zabe
07-02-2008, 02:29 AM
Starbucks......Outstanding coffee/teas and mugs.
Starbucks......D- in capital plaining,store planing.
Starbucks......just might get beat out of market share by economy
competition brands. Don't count McDonalds out of the game.

SamC
07-02-2008, 08:43 AM
Fad. Fads die.

meetingpeopleiseasy
07-02-2008, 11:23 AM
If I hear one more person in my office say that's what they get for charging $5 for a cup of coffee(which couldn't be further from the truth) I am going to beat them in the face with a crowbar.

Ram0n C0keah0lic
07-02-2008, 01:50 PM
They're closing stores in U.S.?, it's weird, cause here in Mexico Starbucks its opening more stores than I thought, for example just last december Starbucks opened its two stores here in Aguascalientes, and a few days ago Starbucks opened its store in our neighbor state Zacatecas...

greg
07-02-2008, 03:21 PM
I think they also overbuilt stores/locations. Near my house there is a location in a Safeway, and along the highway in front of the store there is a freestanding location as well. Makes no sense to me.

In the Palm Beach Gardens mall there is a full service Starbucks on the 2nd level by the escalator, go down the escalator and there is another full service Starbucks location righ there at the bottom of the escalator.
GEE WHIZ!!!!!

CitrusCola
07-02-2008, 06:32 PM
They opened lots of outlets that were only a block or so away from another Starbucks outlet as a means of putting as many mom-&-pop coffee shops as possible out of business. That business model will only work as long as lots of people are willing to pay several dollars for a cup of coffee. With the cost of living going up so quickly, fewer people are willing to spend so much for so little.

meetingpeopleiseasy
07-02-2008, 06:55 PM
I don't know where you people live but a large cup of Starbucks coffee is under 2 dollars. Like $1.75-$1.95.

jmyjunk
07-02-2008, 07:46 PM
I don't know where you people live but a large cup of Starbucks coffee is under 2 dollars. Like $1.75-$1.95.

Yes, that's right, for the Pike Place Roast, which is there basic house coffee. I think the $5 price tag that all the discussion is about, is the fancy coffee's that makes Starbucks famous.

Supra TT
07-02-2008, 07:59 PM
They are overpriced and overrated

fusion
07-18-2008, 05:13 PM
They posted the full list of stores that are closing.

http://www.starbucks.com/aboutus/USStoreClosureInfo.pdf